Category: Germany

  • MIL-OSI Europe: Minutes – Thursday, 8 May 2025 – Strasbourg – Final edition

    Source: European Parliament

    PV-10-2025-05-08

    EN

    EN

    iPlPv_Sit

    Minutes
    Thursday, 8 May 2025 – Strasbourg

    IN THE CHAIR: Christel SCHALDEMOSE
    Vice-President

    1. Opening of the sitting

    The sitting opened at 09:00.


    2. Composition of political groups

    Volker Schnurrbusch was no longer sitting as a non-attached Member and had joined the ESN Group as of 8 May 2025.


    3. Composition of committees and delegations

    The ESN Group had notified the President of the following decision changing the composition of the committees and delegations:

    – TRAN Committee: Volker Schnurrbusch to replace Siegbert Frank Droese

    The decision took effect as of that day.


    4. 80 years after the end of World War II – freedom, democracy and security as the heritage of Europe (debate)

    Statements by Parliament: 80 years after the end of World War II – freedom, democracy and security as the heritage of Europe (2025/2694(RSP))

    The following spoke: Sebastião Bugalho, on behalf of the PPE Group, Marc Angel, on behalf of the S&D Group, Kinga Gál, on behalf of the PfE Group, Patryk Jaki, on behalf of the ECR Group, Marie-Pierre Vedrenne, on behalf of the Renew Group, Thomas Waitz, on behalf of the Verts/ALE Group, Konstantinos Arvanitis, on behalf of The Left Group, René Aust, on behalf of the ESN Group, Sandra Kalniete, Javi López, Hermann Tertsch, Adrian-George Axinia, Marie-Agnes Strack-Zimmermann, who also answered blue-card questions from Arkadiusz Mularczyk and Petr Bystron, Nela Riehl, Marina Mesure, Stanislav Stoyanov, Ruth Firmenich, Łukasz Kohut, Evelyn Regner, António Tânger Corrêa, Bert-Jan Ruissen, Michał Kobosko, Benedetta Scuderi, Danilo Della Valle, Zsuzsanna Borvendég, Ondřej Dostál, Wouter Beke, Francisco Assis, who also answered a blue-card question from Sebastião Bugalho, Anders Vistisen, Rihards Kols, Charles Goerens and Arkadiusz Mularczyk to put a blue-card question to Charles Goerens.

    IN THE CHAIR: Esteban GONZÁLEZ PONS
    Vice-President

    The following spoke: Charles Goerens, who answered a blue-card question from Arkadiusz Mularczyk, Jaume Asens Llodrà, João Oliveira, Ivan David, Danuše Nerudová, Cecilia Strada, Alexandre Varaut, Stephen Nikola Bartulica, Dan Barna, Anna Strolenberg, Rudi Kennes, Paulius Saudargas, René Repasi, who also answered blue-card questions from Bogdan Rzońca and Arkadiusz Mularczyk, Marieke Ehlers, Aurelijus Veryga, Anna-Maja Henriksson, Sunčana Glavak, Vytenis Povilas Andriukaitis, Sebastian Tynkkynen, who also declined to take a blue-card question from Petras Gražulis, Martin Hojsík, Evin Incir, who also answered a blue-card question from Bogdan Rzońca, Adam Bielan, who also answered a blue-card question from Petras Gražulis, Engin Eroglu, Nils Ušakovs, Christophe Grudler, Nikos Papandreou, Thomas Pellerin-Carlin and Matjaž Nemec.

    The following spoke under the catch-the-eye procedure: Juan Fernando López Aguilar, Viktória Ferenc, Arkadiusz Mularczyk, Siegbert Frank Droese, Lefteris Nikolaou-Alavanos and Lukas Sieper.

    The debate closed.


    5. Old challenges and new commercial practices in the internal market (debate)

    Question for oral answer O-000012/2025 by Anna Cavazzini, on behalf of the IMCO Committee to the Commission: B10-0005/2025 (2025/2542(RSP))

    Anna Cavazzini moved the question.

    Stéphane Séjourné (Executive Vice-President of the Commission) answered the question.

    The following spoke: Andreas Schwab, on behalf of the PPE Group, Laura Ballarín Cereza, on behalf of the S&D Group, Klara Dostalova, on behalf of the PfE Group, Stefano Cavedagna, on behalf of the ECR Group, Svenja Hahn, on behalf of the Renew Group, Alice Kuhnke, on behalf of the Verts/ALE Group, Hanna Gedin, on behalf of The Left Group, Pablo Arias Echeverría, Alex Agius Saliba, Ernő Schaller-Baross, Kamila Gasiuk-Pihowicz, Biljana Borzan, Elisabeth Dieringer, who also answered a blue-card question from Lukas Sieper, Tomislav Sokol, Pierre Jouvet, Zala Tomašič, Dimitris Tsiodras and Regina Doherty.

    The following spoke under the catch-the-eye procedure: Vytenis Povilas Andriukaitis, Sebastian Tynkkynen, Bogdan Rzońca, João Oliveira and Lukas Sieper.

    The following spoke: Stéphane Séjourné.

    Motions for resolutions tabled under Rule 142(5) to wind up the debate: minutes of 8.5.2025, item I.

    The debate closed.

    Vote: 8 May 2025.

    (The sitting was suspended at 11:51.)


    IN THE CHAIR: Javi LÓPEZ
    Vice-President

    6. Resumption of the sitting

    The sitting resumed at 12:04.

    The following spoke: René Aust, concerning an incident on Parliament’s premises in Brussels on 30 April 2025 (the President provided some clarifications).


    7. Voting time

    For detailed results of the votes, see also ‘Results of votes’ and ‘Results of roll-call votes’.


    7.1. Arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania (vote)

    Motions for resolutions RC-B10-0260/2025 (minutes of 8.5.2025, item I), B10-0260/2025, B10-0261/2025, B10-0262/2025, B10-0263/2025, B10-0264/2025 and B10-0265/2025 (minutes of 7.5.2025, item I) (2025/2690(RSP))

    (Majority of the votes cast)

    JOINT MOTION FOR A RESOLUTION

    Adopted (P10_TA(2025)0095)

    (Motion for a resolution B10-0262/2025 fell.)

    (‘Results of votes’, item 1)






    7.4. Ninth report on economic and social cohesion (vote)

    Report on the ninth report on economic and social cohesion [2024/2107(INI)] – Committee on Regional Development. Rapporteur: Jacek Protas (A10-0066/2025)

    (Majority of the votes cast)

    MOTION FOR A RESOLUTION

    Adopted by single vote (P10_TA(2025)0098)

    (‘Results of votes’, item 4)


    7.5. CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027 ***I (vote)

    Amending Regulation (EU) 2019/631 to include an additional flexibility as regards the calculation of manufacturers’ compliance with CO2 emission performance standards for new passenger cars and new light commercial vehicles for the calendar years 2025 to 2027 – (COM(2025)0136 – C10-0062/2025 – 2025/0070(COD)) – Committee on the Environment, Climate and Food Safety

    (Majority of the votes cast)

    COMMISSION PROPOSAL and AMENDMENTS

    Approved (P10_TA(2025)0099)

    Parliament’s first reading thus closed.

    (‘Results of votes’, item 5)


    7.6. The protection status of the wolf (Canis lupus) ***I (vote)

    Amending Council Directive 92/43/EEC as regards the protection status of the wolf (Canis lupus) – (COM(2025)0106 – C10-0044/2025 – 2025/0058(COD)) – Committee on the Environment, Climate and Food Safety

    (Majority of the votes cast)

    PROPOSAL TO REJECT THE COMMISSION PROPOSAL

    Rejected

    COMMISSION PROPOSAL

    Approved (P10_TA(2025)0100)

    Parliament’s first reading thus closed.

    (‘Results of votes’, item 6)


    7.7. The role of gas storage for securing gas supplies ahead of the winter season ***I (vote)

    Report on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season [COM(2025)0099 – C10-0041/2025 – 2025/0051(COD)] – Committee on Industry, Research and Energy. Rapporteur: Borys Budka (A10-0079/2025)

    The debate had taken place on 7 May 2025 (minutes of 7.5.2025, item 16).

    (Majority of the votes cast)

    COMMISSION PROPOSAL and AMENDMENTS

    Approved (P10_TA(2025)0101)

    REQUEST FOR REFERRAL BACK TO COMMITTEE

    Approved

    The following had spoken:

    Borys Budka (rapporteur), after the vote on the Commission proposal, to request that the matter be referred back to the committee responsible, for institutional negotiations, under Rule 60(4). Parliament agreed to the request.

    (‘Results of votes’, item 7)


    7.8. Screening of foreign investments in the Union ***I (vote)

    Report on the proposal for a regulation of the European Parliament and of the Council on the screening of foreign investments in the Union and repealing Regulation (EU) 2019/452 of the European Parliament and of the Council [COM(2024)0023 – C9-0011/2024 – 2024/0017(COD)] – Committee on International Trade. Rapporteur: Raphaël Glucksmann (A10-0061/2025)

    (Majority of the votes cast)

    COMMISSION PROPOSAL and AMENDMENTS

    Approved (P10_TA(2025)0102)

    REQUEST FOR REFERRAL BACK TO COMMITTEE

    Approved

    The following had spoken:

    Raphaël Glucksmann (rapporteur), after the vote on the Commission proposal, to request that the matter be referred back to the committee responsible, for institutional negotiations, under Rule 60(4). Parliament agreed to the request.

    (‘Results of votes’, item 8)


    7.9. Suspending certain parts of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union ***I (vote)

    Report on the proposal for a regulation of the European Parliament and of the Council suspending certain parts of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union [COM(2025)0107 – C10-0042/2025 – 2025/0056(COD)] – Committee on International Trade. Rapporteur: Karin Karlsbro (A10-0059/2025)

    (Majority of the votes cast)

    REQUEST TO POSTPONE THE VOTE (ESN Group) (Rule 206(4))

    Rejected

    COMMISSION PROPOSAL and AMENDMENTS

    Approved (P10_TA(2025)0103)

    Parliament’s first reading thus closed.

    The following had spoken:

    – Hans Neuhoff, on behalf of the ESN Group, to request that the vote be postponed pursuant to Rule 206(4), and Bernd Lange, against the request.

    – Karin Karlsbro (rapporteur), before the vote, to make a statement under Rule 165(4).

    – Costas Kadis (Member of the Commission), before the vote, to make a statement.

    (‘Results of votes’, item 9)


    7.10. Competition policy – annual report 2024 (vote)

    Report on competition policy – annual report 2024 [2024/2079(INI)] – Committee on Economic and Monetary Affairs. Rapporteur: Lara Wolters (A10-0071/2025)

    The debate had taken place on 7 May 2025 (minutes of 7.5.2025, item 12).

    (Majority of the votes cast)

    MOTION FOR A RESOLUTION

    Adopted (P10_TA(2025)0104)

    The following had spoken:


    Majdouline Sbai, to move an oral amendment to Amendment 1. Parliament agreed to put the oral amendment to the vote.

    (‘Results of votes’, item 10)


    7.11. Banking Union – annual report 2024 (vote)

    Report on Banking Union – annual report 2024 [2024/2055(INI)] – Committee on Economic and Monetary Affairs. Rapporteur: Ralf Seekatz (A10-0044/2025)

    The debate had taken place on 7 May 2025 (minutes of 7.5.2025, item 17).

    (Majority of the votes cast)

    MOTION FOR A RESOLUTION

    Adopted (P10_TA(2025)0105)

    (‘Results of votes’, item 11)


    7.12. Objection pursuant to Rule 115(2) and (3): genetically modified soybean MON 87705 × MON 87708 × MON 89788 (vote)

    Motion for a resolution, tabled by the ENVI Committee, pursuant to Rule 115(2) and (3), on the draft Commission implementing decision authorising the placing on the market of products containing, consisting of or produced from genetically modified soybean MON 87705 × MON 87708 × MON 89788 pursuant to Regulation (EC) No 1829/2003 of the European Parliament and of the Council (D105678/01 – 2025/2647(RSP)) (B10-0244/2025) – Members responsible: Anja Hazekamp, Martin Häusling, Biljana Borzan, Sirpa Pietikäinen.

    (Majority of the votes cast)

    MOTION FOR A RESOLUTION

    Adopted (P10_TA(2025)0106)

    (‘Results of votes’, item 12)




    IN THE CHAIR: Ewa KOPACZ
    Vice-President

    8. Resumption of the sitting

    The sitting resumed at 15:00.


    9. Approval of the minutes of the previous sitting

    The minutes of the previous sitting were approved.


    10. EU action on treating and preventing diseases such as cancer, cardiovascular neurological diseases and measles (debate)

    Commission statement: EU action on treating and preventing diseases such as cancer, cardiovascular neurological diseases and measles(2025/2696(RSP))

    Costas Kadis (Member of the Commission) made the statement.

    The following spoke: Tomislav Sokol, on behalf of the PPE Group, Vytenis Povilas Andriukaitis, on behalf of the S&D Group, Margarita de la Pisa Carrión, on behalf of the PfE Group, Aurelijus Veryga, on behalf of the ECR Group, Vlad Vasile-Voiculescu, on behalf of the Renew Group, Tilly Metz, on behalf of the Verts/ALE Group, Milan Mazurek, on behalf of the ESN Group, Seán Kelly, Christophe Clergeau, Manuela Ripa and Laurent Castillo.

    The following spoke under the catch-the-eye procedure: András Tivadar Kulja, Lukas Sieper and Diana Iovanovici Şoşoacă.

    The following spoke: Costas Kadis.

    The following spoke: Lukas Sieper, concerning the intervention by Diana Iovanovici Şoşoacă.

    The debate closed.


    11. Explanations of vote


    11.1. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas ) (oral explanations of vote)

    Seán Kelly, Lukas Sieper


    11.2. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka ) (oral explanations of vote)

    Seán Kelly, Lukas Sieper


    11.3. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters) (oral explanations of vote)

    Seán Kelly


    11.4. Old challenges and new commercial practices in the internal market (B10-0246/2025) (oral explanations of vote)

    Lukas Sieper


    11.5. Written explanations of vote

    Explanations of vote submitted in writing under Rule 201 appear on the Members’ pages on Parliament’s website.


    12. Approval of the minutes of the sitting and forwarding of texts adopted

    In accordance with Rule 208(3), the minutes of the sitting would be put to the House for approval at the start of the next sitting.

    With Parliament’s agreement, the texts adopted during the part-session would be forwarded to their respective addressees without delay.


    13. Dates of the next part-session

    The next part-session would be held on 21 May 2025 and 22 May 2025.


    14. Closure of the sitting

    The sitting closed at 15:50.


    15. Adjournment of the session

    The session of the European Parliament was adjourned.

    Alessandro Chiocchetti

    Roberta Metsola

    Secretary-General

    President


    LIST OF DOCUMENTS SERVING AS A BASIS FOR THE DEBATES AND DECISIONS OF PARLIAMENT


    I. Motions for resolutions tabled

    Arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania

    Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):

    on the arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania (2025/2690(RSP)) (RC-B10-0260/2025)
    (replacing motions for resolutions B10-0260/2025, B10-0261/2025, B10-0263/2025, B10-0264/2025 and B10-0265/2025)
    Sebastião Bugalho, Reinhold Lopatka, Michael Gahler, David McAllister, Željana Zovko, Michał Szczerba, Antonio López-Istúriz White, Ana Miguel Pedro, Davor Ivo Stier, Tomas Tobé, Liudas Mažylis, Ingeborg Ter Laak, Isabel Wiseler-Lima, Mirosława Nykiel, Wouter Beke, Luděk Niedermayer, Vangelis Meimarakis, Milan Zver, Tomáš Zdechovský, Danuše Nerudová, Miriam Lexmann, Jan Farský, Loránt Vincze, Jessica Polfjärd, Andrey Kovatchev, Inese Vaidere
    on behalf of the PPE Group
    Yannis Maniatis, Francisco Assis, Marit Maij
    on behalf of the S&D Group
    Adam Bielan, Jadwiga Wiśniewska, Sebastian Tynkkynen, Joachim Stanisław Brudziński, Assita Kanko, Waldemar Tomaszewski, Alberico Gambino
    on behalf of the ECR Group
    Jan-Christoph Oetjen, Oihane Agirregoitia Martínez, Petras Auštrevičius, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Engin Eroglu, Svenja Hahn, Karin Karlsbro, Moritz Körner, Ilhan Kyuchyuk, Urmas Paet, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Michal Wiezik, Lucia Yar
    on behalf of the Renew Group
    Catarina Vieira
    on behalf of the Verts/ALE Group

    Return of Ukrainian children forcibly transferred and deported by Russia

    Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):

    on the return of Ukrainian children forcibly transferred and deported by Russia (2025/2691(RSP)) (RC-B10-0249/2025)
    (replacing motions for resolutions B10-0249/2025, B10-0250/2025, B10-0252/2025, B10-0255/2025 and B10-0258/2025)
    Sebastião Bugalho, Jessika Van Leeuwen, Michael Gahler, David McAllister, Sandra Kalniete, Željana Zovko, Andrzej Halicki, Michał Szczerba, Antonio López-Istúriz White, Ana Miguel Pedro, Dariusz Joński, Davor Ivo Stier, Tomas Tobé, Reinhold Lopatka, Liudas Mažylis, Ingeborg Ter Laak, Isabel Wiseler-Lima, Mirosława Nykiel, Wouter Beke, Luděk Niedermayer, Vangelis Meimarakis, Milan Zver, Tomáš Zdechovský, Danuše Nerudová, Miriam Lexmann, Ondřej Kolář, Jan Farský, Loránt Vincze, Jessica Polfjärd, Andrey Kovatchev, Ewa Kopacz, Matej Tonin, Inese Vaidere
    on behalf of the PPE Group
    Yannis Maniatis, Francisco Assis, Thijs Reuten, Evin Incir, Pina Picierno
    on behalf of the S&D Group
    Adam Bielan, Rihards Kols, Jadwiga Wiśniewska, Aurelijus Veryga, Reinis Pozņaks, Alexandr Vondra, Maciej Wąsik, Veronika Vrecionová, Ondřej Krutílek, Joachim Stanisław Brudziński, Michał Dworczyk, Assita Kanko, Jaak Madison, Mariusz Kamiński, Roberts Zīle, Charlie Weimers, Beatrice Timgren, Dick Erixon, Sebastian Tynkkynen
    on behalf of the ECR Group
    Petras Auštrevičius, Oihane Agirregoitia Martínez, Abir Al-Sahlani, Malik Azmani, Dan Barna, Helmut Brandstätter, Benoit Cassart, Olivier Chastel, Veronika Cifrová Ostrihoňová, Engin Eroglu, Svenja Hahn, Karin Karlsbro, Ľubica Karvašová, Michał Kobosko, Moritz Körner, Ilhan Kyuchyuk, Nathalie Loiseau, Jan-Christoph Oetjen, Urmas Paet, Marie-Agnes Strack-Zimmermann, Eugen Tomac, Hilde Vautmans, Lucia Yar, Dainius Žalimas
    on behalf of the Renew Group
    Villy Søvndal
    on behalf of the Verts/ALE Group
    Hanna Gedin, Jonas Sjöstedt, Merja Kyllönen

    Violations of religious freedom in Tibet

    Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):

    on violations of religious freedom in Tibet (2025/2692(RSP)) (RC-B10-0248/2025)
    (replacing motions for resolutions B10-0248/2025, B10-0251/2025, B10-0254/2025, B10-0256/2025 and B10-0259/2025)
    Sebastião Bugalho, Danuše Nerudová, Michael Gahler, Antonio López-Istúriz White, Ana Miguel Pedro, Davor Ivo Stier, Tomas Tobé, Reinhold Lopatka, Liudas Mažylis, Ingeborg Ter Laak, Isabel Wiseler-Lima, Mirosława Nykiel, Wouter Beke, Luděk Niedermayer, Vangelis Meimarakis, Milan Zver, Tomáš Zdechovský, Miriam Lexmann, Ondřej Kolář, Jan Farský, Loránt Vincze, Jessica Polfjärd, Andrey Kovatchev, Inese Vaidere
    on behalf of the PPE Group
    Yannis Maniatis, Francisco Assis, Hannes Heide
    on behalf of the S&D Group
    Adam Bielan, Joachim Stanisław Brudziński, Assita Kanko, Maciej Wąsik, Veronika Vrecionová, Ondřej Krutílek, Alexandr Vondra, Mariusz Kamiński, Małgorzata Gosiewska, Michał Dworczyk, Sebastian Tynkkynen, Waldemar Tomaszewski, Carlo Fidanza
    on behalf of the ECR Group
    Engin Eroglu, Oihane Agirregoitia Martínez, Petras Auštrevičius, Dan Barna, Helmut Brandstätter, Benoit Cassart, Olivier Chastel, Svenja Hahn, Karin Karlsbro, Moritz Körner, Ilhan Kyuchyuk, Ľubica Karvašová, Jan-Christoph Oetjen, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Lucia Yar, Dainius Žalimas
    on behalf of the Renew Group
    Ville Niinistö
    on behalf of the Verts/ALE Group

    Old challenges and new commercial practices in the internal market

    Motion for a resolution tabled under Rule 142( 5) to wind up the debate:

    on the old challenges and new commercial practices in the internal market (2025/2542(RSP)) (B10-0246/2025)
    Anna Cavazzini
    on behalf of the IMCO Committee


    II. Decisions to draw up own-initiative reports

    Decisions to draw up own-initiative reports (Rule 55)

    (Following the Conference of Presidents’ decision of 30 April 2025)

    AFET Committee

    – EU-US political relations (2025/2084(INI))
    (opinion: INTA)

    – EU political strategy on Latin America (2025/2083(INI))
    (opinion: DEVE)

    – Relations between the EU and Saudi Arabia (2025/2082(INI))

    AGRI Committee

    – EU agri-food promotion policy (2025/2089(INI))

    DEVE Committee

    – Humanitarian aid in a time of polycrisis – reaffirming our principles for a more effective and ambitious response to humanitarian crises (2025/2085(INI))
    (opinion: FEMM)

    ENVI, AGRI committees

    – Ensuring faster registration and uptake of biological control agents (2025/2086(INI))

    SANT Committee

    – Public health aspects of biotechnology and life sciences (2025/2087(INI))

    SEDE Committee

    – Drones and new systems of warfare – the EU‘s need to adapt to be fit for today‘s security challenges (2025/2088(INI))

    SEDE, TRAN committees

    – Military mobility (2025/2090(INI))

    (Following the Conference of Presidents’ decision of 3 April 2025)

    CULT Committee

    – Impact of social media and the online environment on young people (2025/2081(INI))
    (opinion: IMCO, LIBE, FEMM)

    Decisions to draw up own-initiative reports (Rules 47 and 55)

    (Following the Conference of Presidents’ decision of 3 April 2025)

    EMPL Committee

    – Digitalisation, artificial intelligence and algorithmic management in the workplace – shaping the future of work (2025/2080(INL))
    (opinion: LIBE)

    JURI Committee

    – The 28th Regime: a new legal framework for innovative companies (2025/2079(INL))


    III. Petitions

    Petitions Nos 0377-25 to 0527-25 had been entered in the register on 6 May 2025 and had been forwarded to the committee responsible, in accordance with Rule 232(9) and (10).

    The President had, on 6 May 2025, forwarded to the committee responsible, in accordance with Rule 232(15), petitions addressed to Parliament by natural or legal persons who were not citizens of the European Union and who did not reside, or have their registered office, in a Member State.


    IV. Documents received

    The following documents had been received from Members:

    – Maria Zacharia. Motion for a resolution on the crime at Tempi and waiving the immunity of ministers and government officials (B10-0200/2025)
    referred to committee responsible: LIBE
    opinion: TRAN

    – Jean-Paul Garraud. Motion for a resolution on protecting the sovereignty of the Member States in democratic decision-making (B10-0238/2025)
    referred to committee responsible: LIBE

    – Christine Anderson, Marieke Ehlers and Virginie Joron. Motion for a resolution on the criteria and methods for establishing intent behind the dissemination of misleading information (B10-0239/2025)
    referred to committee responsible: LIBE

    – Pernando Barrena Arza, Marc Botenga, Lynn Boylan, Per Clausen, Danilo Della Valle, Kathleen Funchion, Estrella Galán, Hanna Gedin, Giorgos Georgiou, Kateřina Konečná, Vicent Marzà Ibáñez, Ana Miranda Paz, João Oliveira, Mounir Satouri, Jonas Sjöstedt and Maria Zacharia. Motion for a resolution on the immediate suspension of the EU-Israel Association Agreement (B10-0240/2025)
    referred to committee responsible: AFET

    – Anja Arndt, René Aust, Zsuzsanna Borvendég, Irmhild Boßdorf, Markus Buchheit, Petr Bystron, Elisabeth Dieringer, Siegbert Frank Droese, Tomasz Froelich, Roman Haider, Marc Jongen, Alexander Jungbluth, Mary Khan, Rada Laykova, Milan Mazurek, Hans Neuhoff, Alexander Sell, Petra Steger, António Tânger Corrêa, Milan Uhrík and Petar Volgin. Motion for a resolution on a joint and strong response to the Federal Republic of Germany’s departure from financial stability (B10-0241/2025)
    referred to committee responsible: ECON

    – Mathilde Androuët, Marie-Luce Brasier-Clain, Anne-Sophie Frigout, Catherine Griset, Fabrice Leggeri, Julien Leonardelli, Thierry Mariani, Aleksandar Nikolic, Pascale Piera, Julie Rechagneux, André Rougé, Pierre-Romain Thionnet and Alexandre Varaut. Motion for a resolution on protecting multilingualism in the EU (B10-0242/2025)
    referred to committee responsible: CULT

    – Pina Picierno, Massimiliano Salini and Antonella Sberna. Motion for a resolution on the establishment of a European Day in Remembrance of the Victims of Accidents at Work and for the Protection and Dignity of Workers: ‘8 August – European Day in Remembrance of the Victims of Accidents at Work and for the Protection and Dignity of Workers’ (B10-0245/2025)
    referred to committee responsible: EMPL


    ATTENDANCE REGISTER

    Present:

    Abadía Jover Maravillas, Adamowicz Magdalena, Aftias Georgios, Agirregoitia Martínez Oihane, Agius Peter, Agius Saliba Alex, Alexandraki Galato, Allione Grégory, Al-Sahlani Abir, Anadiotis Nikolaos, Anderson Christine, Andersson Li, Andresen Rasmus, Andrews Barry, Andriukaitis Vytenis Povilas, Androuët Mathilde, Angel Marc, Antoci Giuseppe, Arias Echeverría Pablo, Arimont Pascal, Arłukowicz Bartosz, Arnaoutoglou Sakis, Arndt Anja, Arvanitis Konstantinos, Asens Llodrà Jaume, Assis Francisco, Attard Daniel, Aubry Manon, Auštrevičius Petras, Axinia Adrian-George, Azmani Malik, Bajada Thomas, Baljeu Jeannette, Ballarín Cereza Laura, Bardella Jordan, Barna Dan, Barrena Arza Pernando, Bartulica Stephen Nikola, Bartůšek Nikola, Bay Nicolas, Bay Christophe, Beke Wouter, Beleris Fredis, Bellamy François-Xavier, Benea Dragoş, Benifei Brando, Benjumea Benjumea Isabel, Berendsen Tom, Berger Stefan, Berlato Sergio, Bernhuber Alexander, Biedroń Robert, Bielan Adam, Bischoff Gabriele, Blinkevičiūtė Vilija, Blom Rachel, Bloss Michael, Bocheński Tobiasz, Boeselager Damian, Bogdan Ioan-Rareş, Bonaccini Stefano, Borchia Paolo, Borrás Pabón Mireia, Borvendég Zsuzsanna, Borzan Biljana, Bosanac Gordan, Boßdorf Irmhild, Bosse Stine, Botenga Marc, Boyer Gilles, Boylan Lynn, Brasier-Clain Marie-Luce, Bricmont Saskia, Brudziński Joachim Stanisław, Bryłka Anna, Buchheit Markus, Buczek Tomasz, Buda Daniel, Buda Waldemar, Budka Borys, Bugalho Sebastião, Buła Andrzej, Bullmann Udo, Burkhardt Delara, Buxadé Villalba Jorge, Bystron Petr, Bžoch Jaroslav, Camara Mélissa, Canfin Pascal, Carberry Nina, Cârciu Gheorghe, Carême Damien, Casa David, Caspary Daniel, Cassart Benoit, Castillo Laurent, del Castillo Vera Pilar, Cavazzini Anna, Cavedagna Stefano, Cepeda José, Ceulemans Estelle, Chahim Mohammed, Chaibi Leila, Chastel Olivier, Chinnici Caterina, Christensen Asger, Cifrová Ostrihoňová Veronika, Ciriani Alessandro, Clausen Per, Clergeau Christophe, Corrado Annalisa, Costanzo Vivien, Cotrim De Figueiredo João, Cowen Barry, Cremer Tobias, Crespo Díaz Carmen, Cristea Andi, Crosetto Giovanni, Cunha Paulo, Dahl Henrik, Danielsson Johan, Dávid Dóra, David Ivan, Decaro Antonio, de la Hoz Quintano Raúl, Della Valle Danilo, Deloge Valérie, De Masi Fabio, De Meo Salvatore, Devaux Valérie, Dibrani Adnan, Diepeveen Ton, Dieringer Elisabeth, Dîncu Vasile, Di Rupo Elio, Disdier Mélanie, Doherty Regina, Doleschal Christian, Dömötör Csaba, Do Nascimento Cabral Paulo, Dorfmann Herbert, Dostalova Klara, Dostál Ondřej, Droese Siegbert Frank, Dworczyk Michał, Ecke Matthias, Ehler Christian, Ehlers Marieke, Eriksson Sofie, Erixon Dick, Eroglu Engin, Everding Sebastian, Falcă Gheorghe, Falcone Marco, Farantouris Nikolas, Farský Jan, Ferber Markus, Ferenc Viktória, Fernández Jonás, Fidanza Carlo, Fiocchi Pietro, Firea Gabriela, Firmenich Ruth, Fita Claire, Fourlas Loucas, Fourreau Emma, Fragkos Emmanouil, Freund Daniel, Frigout Anne-Sophie, Fritzon Heléne, Froelich Tomasz, Fuglsang Niels, Funchion Kathleen, Furet Angéline, Furore Mario, Gahler Michael, Gál Kinga, Galán Estrella, Gambino Alberico, García Hermida-Van Der Walle Raquel, Garraud Jean-Paul, Gasiuk-Pihowicz Kamila, Geadi Geadis, Gedin Hanna, Geese Alexandra, Geier Jens, Geisel Thomas, Gemma Chiara, Georgiou Giorgos, Gerbrandy Gerben-Jan, Germain Jean-Marc, Gerzsenyi Gabriella, Geuking Niels, Gieseke Jens, Giménez Larraz Borja, Girauta Vidal Juan Carlos, Glavak Sunčana, Glück Andreas, Glucksmann Raphaël, Goerens Charles, Gomart Christophe, Gomes Isilda, Gómez López Sandra, Gonçalves Bruno, Gonçalves Sérgio, González Casares Nicolás, González Pons Esteban, Gori Giorgio, Gosiewska Małgorzata, Gotink Dirk, Gozi Sandro, Gražulis Petras, Griset Catherine, Gronkiewicz-Waltz Hanna, Groothuis Bart, Grossmann Elisabeth, Grudler Christophe, Guarda Cristina, Győri Enikő, Gyürk András, Hadjipantela Michalis, Hahn Svenja, Haider Roman, Halicki Andrzej, Hansen Niels Flemming, Hauser Gerald, Häusling Martin, Hava Mircea-Gheorghe, Heide Hannes, Heinäluoma Eero, Henriksson Anna-Maja, Herbst Niclas, Herranz García Esther, Hetman Krzysztof, Hohlmeier Monika, Hojsík Martin, Holmgren Pär, Homs Ginel Alicia, Humberto Sérgio, Incir Evin, Inselvini Paolo, Iovanovici Şoşoacă Diana, Jamet France, Jarubas Adam, Jerković Romana, Jongen Marc, Joński Dariusz, Joron Virginie, Jouvet Pierre, Joveva Irena, Junco García Nora, Jungbluth Alexander, Kabilov Taner, Kalfon François, Kaljurand Marina, Kalniete Sandra, Kamiński Mariusz, Karlsbro Karin, Kartheiser Fernand, Katainen Elsi, Kefalogiannis Emmanouil, Kelleher Billy, Keller Fabienne, Kelly Seán, Kennes Rudi, Knafo Sarah, Knotek Ondřej, Kobosko Michał, Köhler Stefan, Kohut Łukasz, Kokalari Arba, Kolář Ondřej, Kollár Kinga, Kols Rihards, Konečná Kateřina, Kopacz Ewa, Körner Moritz, Kountoura Elena, Kovařík Ondřej, Kovatchev Andrey, Krištopans Vilis, Kruis Sebastian, Krutílek Ondřej, Kubín Tomáš, Kuhnke Alice, Kulja András Tivadar, Kulmuni Katri, Kyuchyuk Ilhan, Lakos Eszter, Lange Bernd, Langensiepen Katrin, László András, Latinopoulou Afroditi, Laureti Camilla, Laykova Rada, Lazarov Ilia, Leggeri Fabrice, Lenaers Jeroen, Lewandowski Janusz, Lexmann Miriam, Liese Peter, Lins Norbert, Løkkegaard Morten, Lopatka Reinhold, López Javi, López Aguilar Juan Fernando, Lövin Isabella, Lucano Mimmo, Luena César, Łukacijewska Elżbieta Katarzyna, Lupo Giuseppe, Maestre Cristina, Magoni Lara, Magyar Péter, Maij Marit, Maląg Marlena, Manda Claudiu, Mandl Lukas, Maniatis Yannis, Mantovani Mario, Maran Pierfrancesco, Marczułajtis-Walczak Jagna, Maréchal Marion, Mariani Thierry, Marino Ignazio Roberto, Marquardt Erik, Martín Frías Jorge, Mavrides Costas, Maydell Eva, Mayer Georg, Mazurek Milan, Mažylis Liudas, McNamara Michael, Mebarek Nora, Mehnert Alexandra, Meimarakis Vangelis, Mendes Ana Catarina, Mendia Idoia, Mesure Marina, Metsola Roberta, Metz Tilly, Mikser Sven, Millán Mon Francisco José, Minchev Nikola, Miranda Paz Ana, Montero Irene, Montserrat Dolors, Morace Carolina, Morano Nadine, Moratti Letizia, Moreira de Sá Tiago, Moreno Sánchez Javier, Moretti Alessandra, Motreanu Dan-Ştefan, Mularczyk Arkadiusz, Mullooly Ciaran, Mureşan Siegfried, Muşoiu Ştefan, Nagyová Jana, Navarrete Rojas Fernando, Negrescu Victor, Nemec Matjaž, Nerudová Danuše, Nesci Denis, Neuhoff Hans, Neumann Hannah, Nevado del Campo Elena, Niebler Angelika, Niedermayer Luděk, Niinistö Ville, Nikolaou-Alavanos Lefteris, Nikolic Aleksandar, Ní Mhurchú Cynthia, Noichl Maria, Nordqvist Rasmus, Novakov Andrey, Nykiel Mirosława, Ódor Ľudovít, Oetjen Jan-Christoph, Ohisalo Maria, Oliveira João, Olivier Philippe, Omarjee Younous, Ó Ríordáin Aodhán, Orlando Leoluca, Ozdoba Jacek, Paet Urmas, Pajín Leire, Palmisano Valentina, Panayiotou Fidias, Papadakis Kostas, Papandreou Nikos, Pappas Nikos, Pascual de la Parte Nicolás, Patriciello Aldo, Paulus Jutta, Pellerin-Carlin Thomas, Penkova Tsvetelina, Pennelle Gilles, Peter-Hansen Kira Marie, Petrov Hristo, Picaro Michele, Picierno Pina, Picula Tonino, Piera Pascale, Pietikäinen Sirpa, Pimpie Pierre, Piperea Gheorghe, de la Pisa Carrión Margarita, Pokorná Jermanová Jaroslava, Polato Daniele, Polfjärd Jessica, Popescu Virgil-Daniel, Pozņaks Reinis, Prebilič Vladimir, Princi Giusi, Protas Jacek, Pürner Friedrich, Rackete Carola, Radtke Dennis, Ratas Jüri, Razza Ruggero, Rechagneux Julie, Regner Evelyn, Repasi René, Repp Sabrina, Ressler Karlo, Reuten Thijs, Riba i Giner Diana, Ricci Matteo, Riehl Nela, Ripa Manuela, Rodrigues André, Rougé André, Ruissen Bert-Jan, Ruotolo Sandro, Rzońca Bogdan, Saeidi Arash, Salini Massimiliano, Salis Ilaria, Sánchez Amor Nacho, Sanchez Julien, Sancho Murillo Elena, Saramo Jussi, Sardone Silvia, Satouri Mounir, Saudargas Paulius, Sbai Majdouline, Sberna Antonella, Schaldemose Christel, Schaller-Baross Ernő, Schenk Oliver, Scheuring-Wielgus Joanna, Schieder Andreas, Schilling Lena, Schneider Christine, Schnurrbusch Volker, Schwab Andreas, Scuderi Benedetta, Seekatz Ralf, Sell Alexander, Serrano Sierra Rosa, Sidl Günther, Sienkiewicz Bartłomiej, Sieper Lukas, Singer Christine, Sinkevičius Virginijus, Sjöstedt Jonas, Śmiszek Krzysztof, Smith Anthony, Smit Sander, Sokol Tomislav, Solier Diego, Solís Pérez Susana, Sommen Liesbet, Sonneborn Martin, Sorel Malika, Sousa Silva Hélder, Søvndal Villy, Squarta Marco, Staķis Mārtiņš, Stancanelli Raffaele, Steger Petra, Stier Davor Ivo, Storm Kristoffer, Stöteler Sebastiaan, Stoyanov Stanislav, Strack-Zimmermann Marie-Agnes, Strada Cecilia, Streit Joachim, Strik Tineke, Strolenberg Anna, Sturdza Şerban Dimitrie, Stürgkh Anna, Sypniewski Marcin, Szczerba Michał, Szydło Beata, Tamburrano Dario, Tânger Corrêa António, Tarquinio Marco, Târziu Claudiu-Richard, Tavares Carla, Tegethoff Kai, Teodorescu Georgiana, Teodorescu Måwe Alice, Terheş Cristian, Ter Laak Ingeborg, Terras Riho, Tertsch Hermann, Thionnet Pierre-Romain, Timgren Beatrice, Tinagli Irene, Tobback Bruno, Tobé Tomas, Tolassy Rody, Tomašič Zala, Tomaszewski Waldemar, Tomc Romana, Tonin Matej, Toom Jana, Topo Raffaele, Torselli Francesco, Tosi Flavio, Toussaint Marie, Tovaglieri Isabella, Tridico Pasquale, Trochu Laurence, Tsiodras Dimitris, Tudose Mihai, Turek Filip, Tynkkynen Sebastian, Ušakovs Nils, Vaidere Inese, Valchev Ivaylo, Vălean Adina, Valet Matthieu, Van Brempt Kathleen, Van Brug Anouk, van den Berg Brigitte, Vandendriessche Tom, Van Dijck Kris, Van Lanschot Reinier, Van Leeuwen Jessika, Vannacci Roberto, Van Sparrentak Kim, Varaut Alexandre, Vasconcelos Ana, Vasile-Voiculescu Vlad, Vautmans Hilde, Vedrenne Marie-Pierre, Ventola Francesco, Veryga Aurelijus, Vicsek Annamária, Vieira Catarina, Vigenin Kristian, Vilimsky Harald, Vincze Loránt, Vistisen Anders, Vivaldini Mariateresa, Volgin Petar, von der Schulenburg Michael, Vondra Alexandr, Vrecionová Veronika, Vázquez Lázara Adrián, Waitz Thomas, Walsh Maria, Walsmann Marion, Warborn Jörgen, Warnke Jan-Peter, Wąsik Maciej, Wawrykiewicz Michał, Wcisło Marta, Wechsler Andrea, Weimers Charlie, Werbrouck Séverine, Wiesner Emma, Wiezik Michal, Winkler Iuliu, Winzig Angelika, Wiseler-Lima Isabel, Wiśniewska Jadwiga, Wölken Tiemo, Wolters Lara, Yar Lucia, Yon-Courtin Stéphanie, Zacharia Maria, Zalewska Anna, Zan Alessandro, Zarzalejos Javier, Zdechovský Tomáš, Zdrojewski Bogdan Andrzej, Zijlstra Auke, Zingaretti Nicola, Złotowski Kosma

    Excused:

    Verheyen Sabine

    MIL OSI Europe News

  • MIL-OSI Europe: Debates – Thursday, 8 May 2025 – Strasbourg – Revised edition

    Source: European Parliament

    Verbatim report of proceedings
     490k  558k
    Thursday, 8 May 2025 – Strasbourg
    1. Opening of the sitting
      2. Composition of political groups
      3. Composition of committees and delegations
      4. 80 years after the end of World War II – freedom, democracy and security as the heritage of Europe (debate)
      5. Old challenges and new commercial practices in the internal market (debate)
      6. Resumption of the sitting
      7. Voting time
        7.1. Arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania (RC-B10-0260/2025, B10-0260/2025, B10-0261/2025, B10-0262/2025, B10-0263/2025, B10-0264/2025, B10-0265/2025) (vote)
        7.2. Return of Ukrainian children forcibly transferred and deported by Russia (RC-B10-0249/2025, B10-0247/2025, B10-0249/2025, B10-0250/2025, B10-0252/2025, B10-0255/2025, B10-0258/2025) (vote)
        7.3. Violations of religious freedom in Tibet (RC-B10-0248/2025, B10-0248/2025, B10-0251/2025, B10-0253/2025, B10-0254/2025, B10-0256/2025, B10-0259/2025) (vote)
        7.4. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas) (vote)
        7.5. CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027 (vote)
        7.6. The protection status of the wolf (Canis lupus) (vote)
        7.7. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka) (vote)
        7.8. Screening of foreign investments in the Union (A10-0061/2025 – Raphaël Glucksmann) (vote)
        7.9. Suspending certain parts of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union (A10-0059/2025 – Karin Karlsbro) (vote)
        7.10. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters) (vote)
        7.11. Banking Union – annual report 2024 (A10-0044/2025 – Ralf Seekatz) (vote)
        7.12. Objection pursuant to Rule 115(2) and (3): genetically modified soybean MON 87705 × MON 87708 × MON 89788 (B10-0244/2025) (vote)
        7.13. Old challenges and new commercial practices in the internal market (B10-0246/2025) (vote)
      8. Resumption of the sitting
      9. Approval of the minutes of the previous sitting
      10. EU action on treating and preventing diseases such as cancer, cardiovascular neurological diseases and measles (debate)
      11. Explanations of vote
        11.1. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas)
        11.2. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka)
        11.3. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters)
        11.4. Old challenges and new commercial practices in the internal market (B10-0246/2025)
      12. Approval of the minutes of the sitting and forwarding of texts adopted
      13. Dates of the next part-session
      14. Closure of the sitting
      15. Adjournment of the session

       

    FORSÆDE: CHRISTEL SCHALDEMOSE
    Næstformand

     
    1. Opening of the sitting

       

    (Mødet åbnet kl. 9:00)

     

    2. Composition of political groups

     

      President. – Volker Schnurrbusch is a member of the ESN Group as of 8 May 2025.

     

    3. Composition of committees and delegations

     

      President. – The ESN Group has notified the President of a decision relating to changes to appointments within committees. This decision will be set out in the minutes of today’s sitting and take effect on the date of this announcement.

     

    4. 80 years after the end of World War II – freedom, democracy and security as the heritage of Europe (debate)


     

      Sebastião Bugalho, on behalf of the PPE Group. – Madam President, in the history books, the post-war world means not just the world after the war, but a world without it.

    Today, 80 years after the surrender of the Nazi regime, we live in a world that faces a darkness most of us can’t recall. 50 million lives in six years made us say ‘never again’. The Second World War confronted mankind with humanity, patriotism with fascism, truth with anger. The Great War was brought to an end with peace, with a hard lesson. Those who chose to resist forgave those who refuse to forget.

    And that, dear colleagues, is the founding principle of our Union. That those who weld against invasion are here bounded together with those who commit, never to commit it again. That those who said we shall never surrender are here side by side with those who say, we shall always remember.

    The Ukrainian people know as we know, that the courage to carry on is the same courage not to let history be rewritten. And we are to keep that in our minds that their fight was once our fight. That their freedom is also our freedom. That their victory will be our peace. They may not be our fathers or our sons, but they are our brothers, our brothers in arms and in rights, our brothers in their hope and in their defiance.

    In this world, in this war, we may be lonely but never alone. 80 years ago we too faced that loneliness and defeated a great evil on this VE Day. Today it’s the survival of freedom, of democracy now and then at stake in our continent.

    So today, from this time and place, let it be known that victory for Europe Day stands not only for the victory that once was, but also for the victory that must be. Let it be known that the torch of history lights this common cause, that the words VE Day will also, and soon enough mean, Slava Ukraini.

     
       

     

      Marc Angel, on behalf of the S&D Group. – Madam President, dear colleagues, 80 years ago, the guns fell silent across Europe, marking the end of the most devastating war our continent has ever known. And today we honour the memory of those who were murdered, who suffered and perished. And we reflect also on the long, difficult path from destruction to peace.

    Out of the ashes of conflict, Europe chose reconciliation over revenge. Former enemies reached out in solidarity, laying the foundations for a united, peaceful continent. The European Union stands today not only as a political and an economic alliance, but as a powerful symbol of what unity, mutual respect and shared values can achieve.

    Today, this legacy is under threat. Across our continent, the far right and nationalism are once again gaining ground, fuelling hatred and division. But we must not forget where such ideologies once led us. The horrors of the past are not just history – they are warnings.

    On this important anniversary, let us reaffirm our commitment to a strong, united Europe, one that champions peace, democracy, equality and the dignity of all its people. Let our history be our guide and our unity be our strength.

    Today we must also pay tribute to the brave people of Ukraine, victims of the brutal aggression of Russia’s autocratic regime.

     
       

     

      Kinga Gál, a PfE képviselőcsoport nevében. – Elnök Asszony! A második világháború elképzelhetetlen pusztítása és szenvedése után Európa romokban hevert. Soha többé! Az alapító atyák, felismerve a pusztítás következményeit, létrehozták a közös Európát, melynek fő célja a tartós béke, biztonság és jólét biztosítása kontinensünkön. A májusi örömünnepnek nyolcvan éve, a háború vége viszont nem hozott valódi békét és jólétet minden európai nemzetnek. Hiszen Közép-Kelet-Európában, így nekünk, magyaroknak nem ért véget a szenvedés. A kommunizmus sötét évei következtek, férfiak és nők ezreinek gulágra hurcolása, kitelepítések, megtorlás, politikai tisztogatások és a szabadság korlátozása tartották félelemben az embereket még évtizedekig.

    Szüleink és nagyszüleink, de még a mi emlékezetünkben is ezek az érzések ma is élénken élnek. Méltán vágytak tehát az Unióba, a vasfüggönyön túlra, ami a szabadság, béke, biztonság és jólét szimbóluma volt számukra. Erre viszont még sokáig, 2004-ig várni kellett, ezért érint meg minket különösen fájdalmasan, ha úgy érezzük, hogy ezek az értékek most veszélyben vannak, hiszen béke helyett háború dúl a szomszédunkban. Biztonság helyett az illegális migráció egyre nagyobb fenyegetést jelent a közbiztonságra. Jólét helyett pedig gazdasági gyengüléssel kell szembenéznünk. Vissza kell térnünk az alapokhoz: a kölcsönös tiszteletre és szuverén nemzetek jóhiszemű együttműködésére épülő Unióhoz. Amely nem kioktat, hanem tisztel és támogat. Csak így maradhat Európa továbbra is a béke, a biztonság és a jólét otthona.

     
       

     

      Patryk Jaki, on behalf of the ECR Group. – Madam President, on the 80th anniversary of the end of World War II, you are talking about responsibility, courage, justice. But those are only words. We are still waiting for action. Poland, the country where the war was started, was divided between Germany and Russia after the Ribbentrop‑Molotov Pact. From the first to the last day of the war, Poland was on the right side. It had no institutional collaborators and lost almost 30 % of its pre-war resources – the most in Europe – and six million citizens. One third of this territory was taken and given to Russia.

    Until today, Poland has not received any reparation – no real compensation, only symbolic. Instead of giving justice and equal chances to Polish citizens, instead of helping new generations of Poles who should not pay for the fact that their parents stayed on the right side and did not collaborate with evil, the EU spent billions on silly ideology because the Earth will burn. This is not responsibility or justice which you are talking about so much. This unfair advantage built through a barbaric attack on the other nations must finally be reduced. This is not only about Poland, but also about Greece, the Baltic states and other victims.

    This 80th anniversary should finally bring real action to clean this stain. It is time to create compensation and an equal‑opportunity budget in Europe instead of a special budget for green ideology. To make up for the guilt, the effects of the evil must be removed completely.

     
       

     

      Marie-Pierre Vedrenne, au nom du groupe Renew. – Madame la Présidente, chers collègues, héritière de celles et de ceux qui ont vécu la guerre et la barbarie au plus profond de leur chair, héritière du silence autour de ces blessures enfouies et longtemps tues, je commémore aujourd’hui et avec vous, ici, dans cet hémicycle de Strasbourg, les héros dont les noms traversent nos manuels et nos rues, comme les anonymes restés dans l’ombre de la Seconde Guerre mondiale.

    Être héritière de ces morts et traumatismes, c’est se voir conférer une responsabilité sacrée: celle de ne jamais être un simple témoin, ni dans le présent, ni dans l’avenir. Être héritière de celles et de ceux qui ont œuvré pour la liberté, un projet de réconciliation, c’est se voir assumer un devoir exigeant, celui de ne jamais céder au «deux poids, deux mesures».

    Être héritière d’une anonyme, en ce 8 mai 2025, c’est faire entendre, en se tenant devant vous, que cet anniversaire nous engage, nous, parlementaires européens. C’est un appel à regarder en face la réalité brutale du monde, un appel à nous battre à notre tour pour la démocratie, pour la liberté, pour la sécurité, pour l’universalisme, et ceci pour tous nos héritiers.

     
       

     

      Thomas Waitz, on behalf of the Verts/ALE Group. – Madam President, colleagues, the Second World War was raw brutality. It was demonisation and dehumanisation of big parts of society. It was devastating warfare, total destruction and mass murder. That’s what it was. Fascism didn’t happen overnight. It was carefully woven into parts of society or into society, piece by piece, many years before the Nazis took over Germany and Austria, driven by blind hatred, by white supremacy and racism. Countless people were targeted and killed.

    But based on acknowledgement of crime, reconciliation and forgiveness, we are building this, our European Union. Yes, to forgive, but never to forget. Because remembrance is not an act of the past, it’s a pact with the future.

    But, colleagues, somehow I have the impression that we did not learn. Once again, strong men have returned – in the US, in Russia, in China, in Hungary. Based on hatred and on disrespect for human rights, we once again see the rising forces of anti-democratic and anti-human policies. Even here in this House we hear hate speech, we hear blunt, fearmongering propaganda.

    But freedom is still strong and the fight for freedom is still strong. The freedom to love who you love, the freedom to decide over your own body, the freedom to live the life that you want to live, and the freedom to learn from history and the freedom to strive for peace. Because ‘never again’ is now!

     
       

     

      Konstantinos Arvanitis, εξ ονόματος της ομάδας The Left. – Κυρία Πρόεδρε, 80 χρόνια από τη λήξη του Β΄ Παγκοσμίου Πολέμου αλλά και 80 χρόνια από τη μεγάλη αντιφασιστική νίκη. Ας θυμηθούμε, λοιπόν, τις αιτίες. Να ξαναδιαβάσουμε την ιστορία· να μην ξαναγράψουμε την ιστορία όπως επιτάσσουν συμφέροντα, ώστε να μην επαναλάβουμε τα ίδια λάθη γιατί αυτό θα συνιστά έγκλημα στο έγκλημα.

    Να θυμηθούμε πως οι αντιθέσεις του κεφαλαίου σε Ευρώπη και Αμερική ενίσχυσαν, χρηματοδότησαν και γιγάντωσαν τον φασισμό και τον ναζισμό στην ήπειρό μας. Να θυμηθούμε και να τιμήσουμε τα θύματα αυτής της θηριωδίας: τους Εβραίους, τους κομμουνιστές, τους σοσιαλιστές, τους δημοκράτες, τους δημοκράτες αντιναζί, τη ΛΟΑΤΚΙ κοινότητα, τους διαφορετικούς, τους ανήμπορους. Θύματα στο ιδεολόγημα της αθλιότητας περί καθαρής φυλής, αρίας φυλής. Να τιμήσουμε τα εκατομμύρια των θυμάτων, απλούς στρατιώτες, νέα λαϊκά παιδιά που δεν χάρηκαν τη ζωή. Να τιμήσουμε τους παρτιζάνους, τους αντάρτες, τις γυναίκες, τους άνδρες που βγήκαν στα βουνά για να αντισταθούν και να αντιμετωπίσουν τη ναζιστική φασιστική θηριωδία.

    Η χώρα μου, μια μικρή χώρα, έχασε το ένα έβδομο του πληθυσμού της. Τουλάχιστον 650.000 εκτελέστηκαν, πέθαναν από την πείνα, δολοφονήθηκαν. Κλάπηκε όλος ο ελληνικός θησαυρός και έμειναν πίσω καμένες εστίες, καμένα χωριά, μαρτυρικά χωριά.

    Με αφορμή τη σημερινή επέτειο, εδώ, από το βήμα του Ευρωπαϊκού Κοινοβουλίου, επαναφέρω το θέμα των ελληνικών αξιώσεων που αφορούν αποζημιώσεις και επανορθώσεις για ζημιές που υπέστη η χώρα μου και οι πολίτες της κατά τον Α΄ και Β΄ Παγκόσμιο Πόλεμο, για πολεμικές αποζημιώσεις για τα θύματα, τους απογόνους των θυμάτων της γερμανικής Κατοχής, την αποπληρωμή του κατοχικού δανείου και την επιστροφή των κλοπιμαίων και παράνομα αφαιρεθέντων αρχαιολογικών και πολιτιστικών αγαθών. Από τη χώρα μου, την Ελλάδα, που σήκωσε το ανάστημά της απέναντι στον ναζισμό και τον φασισμό. Είναι δίκαιο· και η Ευρώπη χωρίς δικαιοσύνη δεν υπάρχει.

     
       

     

      René Aust, im Namen der ESN-Fraktion. – Frau Präsidentin! Am 8. Mai 1945 endete mit der bedingungslosen Kapitulation der Wehrmacht die militärische Herrschaft des Nationalsozialismus. Auch in diesem Jahr gedenken wir der Millionen gefallenen Soldaten und getöteten Zivilisten des Zweiten Weltkrieges. Wir erkennen zunehmend auch die doppelte Bedeutung dieses Tages an: Der 8. Mai bedeutete für Westeuropa langfristig Freiheit, für Mittel‑ und Osteuropa jedoch die Zementierung einer 45-jährigen russischen Gewaltherrschaft.

    Richard von Weizsäcker verwies in seiner berühmten Rede am 8. Mai 1985 zu Recht darauf, dass dieser Tag untrennbar mit dem 30. Januar 1933, dem Beginn der nationalsozialistischen Diktatur, verbunden sei. Aber das ist nur ein Teil. Denn so gewiss der 8. Mai das Ende der NS‑Diktatur markierte, so gewiss schuf er zugleich die Grundlage für kommunistische Diktaturen. Ohne den 8. Mai 1945 hätte es durch Russland keine Verschleppung zehntausender baltischer Familien im März 1949 gegeben, keine russische Niederschlagung des Volksaufstandes in der DDR am 17. Juni 1953, keinen russischen Einmarsch in Ungarn 1956, keine russischen Panzer in Prag 1968 und keine Unterdrückung der Solidarność‑Bewegung in Polen.

    Heute gedenken wir der Opfer des Zweiten Weltkriegs vom 1. September 1939 bis zum 8. Mai 1945. Zugleich danken wir allen Männern und Frauen, die in Mittel‑ und Osteuropa nach dem 8. Mai 1945 mutig gegen die kommunistische Diktatur und die russische Vorherrschaft aufgestanden sind. Ihr Einsatz für Freiheit und nationale Selbstbestimmung bleibt ein unverzichtbarer Teil des europäischen Erbes.

     
       


     

      Javi López (S&D). – Señora presidenta, hoy conmemoramos el 80.º aniversario del fin de la Segunda Guerra Mundial, la guerra que desoló Europa, que mostró la cara más cruel del ser humano y de los espeluznantes horrores de los que somos capaces, de los que el hombre es capaz. La guerra no solo asesina a los vivos, acaba perdurando sobre las futuras generaciones.

    Hoy enormes cicatrices de esta guerra perduran aquí, en Europa. De aquella oscuridad y de las cenizas de esa guerra construimos las instituciones que hoy disfrutamos, la Europa de la paz y la dignidad, de la democracia y las libertades: la Europa de la reconciliación.

    Es una Europa que vuelve a estar amenazada por el totalitarismo y el autoritarismo que padecimos entonces, de líderes autoritarios que desde fuera amenazan la seguridad europea, de líderes autoritarios que también tienen peones aquí, en las instituciones europeas, y que amenazan con liquidar la democracia y las libertades que hoy disfrutamos. Son autoritarios que utilizan las mismas ideas e instrumentalizan el aislamiento, el miedo y la mentira para sembrar el odio frente a lo que nosotros reivindicamos: la verdad, la justicia y la memoria. Una Europa unida es la única respuesta frente a la barbarie.

     
       

     

      Hermann Tertsch (PfE). – Señor presidente, hace ochenta años la derrota militar del nacionalsocialismo alemán cerró una de las páginas más monstruosas de la historia de la humanidad, generada, recuérdenlo, en Europa y por Europa. Fue la nación de los poetas y los pensadores la causante del genocidio industrializado que fue el Holocausto del pueblo judío y el incendio de todo el continente. Fue la arrogancia del idealismo totalitario la que prima la utopía humana sobre la sacralidad de la vida hasta caer al agujero negro del crimen total.

    Iban al mundo ideal. «Am deutschen Wesen soll die Welt genesen»: la esencia alemana sanará al mundo. Resuena inquietante en la arrogancia de los que hoy marginan al discrepante. Aquella guerra mató a sesenta millones de personas. El nazismo sucumbió en doce años, pero quedó el comunismo, la otra ideología redentora en pos del ideal que solo genera infiernos. El comunismo asesinó a más de cien millones, sigue hoy vivo y presente y está también aquí en esta sala. Porque el 8 de mayo se liberó una parte de Europa, pero, en la otra, solo se cambió una tiranía por la otra.

    El comunismo se transformó y, si en Rusia tenemos una oligarquía agresora y criminal, hoy en Occidente lo tenemos disfrazado de ingeniería social, del igualitarismo colectivista, del socialismo que persigue los mismos fines. En honor de tantos millones de víctimas, defendamos la libertad y la verdad, las armas supremas frente a ideologías redentoras, totalitarias y criminales siempre.

     
       

     

      Adrian-George Axinia (ECR). – Doamnă președintă, există un citat anonim celebru care descrie cumva ciclicitatea războiului pe tărâm european: „Vremurile bune creează oameni puternici, oamenii puternici creează vremuri bune. Vremurile bune creează oameni slabi și oamenii slabi creează vremuri grele.”

    Într-o Europă a prosperității, la 80 de ani de la sfârșitul celui de-al Doilea Război Mondial, cu o inconștiență veselă, proiectul nostru se îndreaptă pe bâjbâite către un nou conflict paneuropean. Și asta din cauza unei conduceri a Uniunii Europene rupte de realitate și de voința cetățenilor europeni.

    M-am bucurat să aud vorbindu-se despre ce am reușit să construim în ultimii 80 de ani pe continent: libertate, prosperitate, securitate. Era bine dacă insistam pe cuvântul pace, care lipsește din descrierea acestui eveniment. Cât despre democrație, aș fi vrut să văd în ultima jumătate de an mai multe reacții față de abuzurile antidemocratice comise de puterea politică din România. Nu cum a făcut Bruxelles-ul, care a închis ochii sau chiar a aplaudat anularea voinței cetățenilor români. Din fericire, vocea lor s-a făcut auzită pe 4 mai și se va face auzită și pe 18 mai.

     
       

     

      Marie-Agnes Strack-Zimmermann (Renew). – Frau Präsidentin! „Es ist geschehen, und folglich kann es wieder geschehen.“ – So warnte der italienische Schriftsteller und Auschwitzüberlebende Primo Levi davor, den Zivilisationsbruch der Nazis zu vergessen, denn das Ende des Zweiten Weltkriegs erinnert an die Befreiung vom nationalsozialistischen Terror. Und daher erinnern wir auch an die Jahre vor 1945. Wie konnten zivilisierte Menschen zu diesem Grauen fähig sein? 80 Jahre später wird in Deutschland die AfD vom Verfassungsschutz als rechtsextrem eingestuft. Rechte Kräfte sind in ganz Europa seit Jahren auf dem Vormarsch. In den USA regiert ein Präsident, der offensichtlich das Autoritäre liebt.

    Liebe Kolleginnen und Kollegen, die EU ist das größte und wunderbarste Friedensprojekt der Welt. Gerade uns sollte die Vergangenheit mahnen, was passieren kann, wenn Demokratien zerbrechen und autoritäre Regime an ihre Stelle treten. Lassen Sie uns deswegen wehrhaft sein, nach außen wie nach innen, damit das, was geschehen ist, nie wieder geschieht.

    (Die Rednerin ist damit einverstanden, auf mehrere Fragen nach dem Verfahren der „blauen Karte“ zu antworten.)

     
       

     

      Arkadiusz Mularczyk (ECR), pytanie zadane przez podniesienie niebieskiej kartki. – Pani Poseł! Jest Pani przedstawicielką narodu, państwa, które wywołało II wojnę światową, wyrządziło ogromne cierpienia dla mojego narodu, dla Polski, ale również dla innych narodów europejskich, dla Grecji.

    Dlaczego Niemcy nie chcą zapłacić reparacji wojennych Polsce – odszkodowania za II wojnę światową?

    Państwa naród, naziści, wymordowali 6 milionów Polaków, zniszczyli Polskę i do dzisiaj nie chcą się z Polską rozliczyć. Kiedy zapłacicie swój dług wobec Polski i Grecji?

     
       

     

      Marie-Agnes Strack-Zimmermann (Renew), Antwort auf eine Frage nach dem Verfahren der „blauen Karte“. – Vielen Dank für Ihre Einlassung. Deutschland hat gerade nach dem Fall der Mauer mit Unterstützung der Vereinigten Staaten, der Franzosen und auch der Briten gelernt, was Demokratie bedeutet. Ich glaube, wenn ich zurückschaue nach 80 Jahren, dass wir im Austausch mit unseren Nachbarn, mit unseren Nationen alles getan haben, was man tun muss, um in Frieden und Freiheit gemeinsam zu leben. Und deswegen: Ja, ich stehe hier als deutsche Staatsbürgerin, und ich war seinerzeit noch nicht geboren. Wir haben in Deutschland die Geschichte 80 Jahre lang – und das ist gut so – aufgearbeitet, bis heute. Ich bezweifle, dass es Länder gibt, wo die Geschichte des Mittuns aufgearbeitet worden ist. Wir haben es getan, und wir werden in Deutschland dafür sorgen, dass nie vergessen wird, was die Nazis diesem Kontinent und darüber hinaus angetan haben. Denn es ist richtig: Über 60 Millionen Menschen haben das Leben verloren. Deutschland ist ein demokratischer Staat, und wir sind in Verantwortung. Wir sind glücklich, hier Teil der Europäischen Union zu sein.

     
       


     

      Marie-Agnes Strack-Zimmermann (Renew), Antwort auf eine Frage nach dem Verfahren der „blauen Karte“. – Sie sind Mitglied einer Partei, die als gesichert rechtsextrem gilt. Ich glaube, Ihre Immunität ist gerade aufgehoben worden – korrigieren Sie mich, wenn das falsch ist. Dass Sie überhaupt die Traute haben, so zu sprechen. Ich habe gerade, wenn Sie zugehört haben, gesagt, in den USA regiert ein Präsident, der offensichtlich das Autoritäre liebt, so wie Sie es lieben. Und ich sage Ihnen: Die Mehrheit in diesem Hause wird nicht zulassen, dass Politiker wie Sie und Ihre Partei – die hier sitzt, die hier sich hat reinwählen lassen, nicht um Europa nach vorne zu bringen, sondern um dieses Europa von innen zu zerstören – diese Europäische Union zerstören. Deswegen sage ich: Wir haben nicht nur nach außen wehrhaft zu sein, sondern auch nach innen, damit solche Politiker wie Sie diese Europäische Union nicht zerstören.

     
       

     

      Nela Riehl (Verts/ALE). – Madam President, what is the most important EU value to you? To that question, young Europeans answered: human rights, democracy and peace. Eighty years after World War II, these values are still our most important heritage.

    But as Russia’s invasion of Ukraine has shown, peace and democracy are not a given – they call for a commitment. A commitment to not remain silent when extremist regimes deliberately starve civilians and commit war atrocities. A commitment from democratic forces to raise strong firewalls against the far right in Europe. And a commitment to remain vigilant when our allies progressively turn their back on democracy, censoring researchers and activists or threatening the rights of minorities and women.

    But what does this actually mean for us? It means we cannot compromise on the freedom of our artists, our universities, our citizens. Europe must remain a hub of creativity, of knowledge and also of democracy, providing equal opportunities for all. It means we cannot let foreign forces interfere in our democratic processes, be it in the ballots or on social media. And it means we cannot be complicit when fundamental rights are being walked over, all in this very Union.

    Turning a blind eye would be a betrayal to the lessons our grandparents painfully learned. Our European Union youth is rightfully demanding us to stay loyal to this heritage. More than a celebration, today’s anniversary is a reminder of Europe’s responsibility.

     
       

     

      Marina Mesure (The Left). – Madame la Présidente, chers collègues, nous ne devons jamais oublier l’horreur de cette guerre. Ne jamais oublier le visage de tous ces innocents qui ont péri dans les camps ou sur les champs de bataille, ni celui de celles et ceux qui ont résisté avec courage pour notre liberté. Ne jamais oublier que cette guerre totale fut provoquée par des régimes d’extrême droite, car, oui, ce qui fait le ciment de nos sociétés européennes est de nouveau menacé. Le retour en force de l’extrême droite met en péril l’unité des peuples en désignant, comme en 1940, des ennemis de l’intérieur et en rejetant l’état de droit, garant des libertés fondamentales. En s’alimentant sur la montée des inégalités, en banalisant les discours de haine, ils créent le ferment de la division.

    Face à cette menace, rappelons-nous que du chaos de la Seconde Guerre mondiale est sorti un héritage commun, celui des Nations unies, un internationalisme guidé par un idéal de paix, de coopération, de solidarité entre les peuples. Un héritage qui nous montre la voie et qu’il convient de protéger.

    Ainsi, en cette journée de commémoration, ne laissons pas l’oubli envahir nos cœurs. Gardons cette mémoire vive et continuons à lutter avec force et détermination pour un projet humaniste et universaliste.

     
       


     

      Ruth Firmenich (NI). – Frau Präsidentin, meine Damen und Herren! Heute vor 80 Jahren wurde Deutschland vom Faschismus befreit. Heute ist der Tag, den Befreiern aus der Sowjetunion, den USA, Großbritannien und Frankreich sowie den Partisanen zu danken, die für unsere Freiheit gekämpft haben. Es war die Sowjetunion, die die Hauptlast im Kampf gegen den Hitlerfaschismus getragen hat. Über 27 Millionen Sowjetbürger, die meisten davon Zivilisten, starben beim Feldzug der Nazis, der die slawischen Völker versklaven und vernichten sollte – mehr als eine Million allein bei der Blockade Leningrads. Doch die deutsche Bundesregierung weigert sich, dieses Verbrechen als Völkermord anzuerkennen.

    Die Erinnerung an die Geschichte ist in Gefahr. Leider gibt es – auch hier im Haus – Versuche, den Anteil der Sowjetunion am Sieg über Nazideutschland kleinzureden. Aber es war die Rote Armee, die das Vernichtungslager Auschwitz und das Konzentrationslager Sachsenhausen bei Berlin befreite. Es ist eine Schande, wenn Vertreter Russlands, des größten Nachfolgestaats der Sowjetunion, am 80. Jahrestag der Befreiung vom Gedenken ausgeschlossen werden. Wir dürfen es nicht zulassen, dass die Geschichte verfälscht wird. Das sind wir auch den Millionen Opfern des deutschen Faschismus schuldig.

     
       

     

      Łukasz Kohut (PPE). – Pani Przewodnicząca! Wojna nie jest rozwiązaniem – zawsze jest okrucieństwem. Wojna niszczy to, co piękne, poddaje w wątpliwość to, co słuszne, i nie pozostawia wyboru dla tego, co konieczne. Wojna nie nauczyła nas niczego, co wartościowe. Uświadomiła nam jednak, na co już nigdy nie możemy pozwolić i co za wszelką cenę musimy powstrzymać.

    80 lat temu zakończyły się działania wojenne. Nie wszędzie przyniosły pokój. Są miejsca w Europie, gdzie Armia Czerwona kontynuowała to, co rozpoczął Adolf Hitler. Tak było na Śląsku, gdzie Sowieci popełniali najobrzydliwsze zbrodnie na miejscowej ludności. Takich miejsc jak Śląsk było więcej. Jeden terror zastąpił drugi.

    Wojna w Ukrainie przypomina nam, że nic nie jest dane raz na zawsze, że pokój nie spada z nieba. Więcej: pokój wymaga ciągłej pracy, ciągłej walki, nieustannych kompromisów czy rezygnacji z wybujałych ambicji.

    80 lat temu okrucieństwa wojny zmieniły nie tylko układ sił, granic, wygląd miast, ale także nas samych, Europejczyków. Wolność, demokracja, bezpieczeństwo – te trzy elementy składają się na nasze wspólne europejskie dziedzictwo, któremu nadaliśmy konkretną nazwę: Unia Europejska.

    To jest droga, którą podążamy. Może bywa wyboista i trudna, bo nic, co wartościowe, nie przychodzi łatwo, ale nie ma większego sukcesu Europejczyków niż pokój, który nam zapewnia.

     
       


     

      António Tânger Corrêa (PfE). – Senhora Presidente, caros colegas, celebra-se hoje — e é motivo para celebrar — o fim da Segunda Guerra Mundial, a maior guerra que o mundo já conheceu até hoje.

    Não, não foram 50 milhões, não foram 60 milhões, foram 75 milhões, entre militares, civis e genocídios. 3 % da população mundial na altura morreu devido à guerra. Isto não se pode repetir.

    Mas, se o fim da guerra foi uma boa notícia, a melhor notícia foi a criação de um espaço de paz e prosperidade chamado União Europeia. E a União Europeia tem de ser reforçada, mas tem de ser reforçada com países soberanos, e não com estruturas federais ou federalistas que nos querem impor soluções. Nós somos diferentes uns dos outros e temos muita honra nessas diferenças, e queremos mantê-las — pela positiva, com colaboração, mas cada um de nós é diferente do outro, e isso é altamente positivo para a criação de um corpo como a União Europeia.

    Por outro lado, em termos de defesa, é bom que não inventemos muito. Nós temos a NATO, que é uma organização fiel a si própria e a nós próprios, e que tem sempre acorrido quando nós precisamos dela. E não nos esqueçamos de que os Estados Unidos da América do Norte têm sido o garante da nossa liberdade, e nós, a partir de agora, temos de ser também os garantes da nossa liberdade, para que nunca mais se repitam os horrores desta guerra cujo fim agora celebramos.

     
       


     

      Michał Kobosko (Renew). – Pani Przewodnicząca! Jestem z Polski, kraju, który najbardziej ucierpiał podczas II wojny światowej. Miliony istnień ludzkich – Polaków, ale i Żydów – zostało zabitych w imię nienawiści i podziałów – społeczność, która od wieków znajdowała swoje miejsce właśnie w Polsce, w kraju porozumienia i tolerancji.

    Po zagładzie milionów ludzi, destrukcji setek miast i traumie na pokolenia przyszedł pokój. To właśnie dlatego dokładnie 75 lat temu zaczęła powstawać Unia Europejska. By budować pokój i wspólnotę.

    Nie łudźmy się: eurosceptycyzm karmiony radykalizmem, napędzany pieniędzmi z Moskwy, to droga w przeszłość, droga do katastrofy. Dlatego z całą mocą potępiam dziś haniebne antysemickie wystąpienia posła Grzegorza Brauna. To nie tylko mowa nienawiści, to atak na wartości, na których zbudowana jest Europa.

    Apeluję też do eurosceptyków: otwórzcie podręczniki historii, zobaczcie, jak wiele dał nam projekt europejski – gwarantuje wolność, bezpieczeństwo i współpracę, jak nigdy wcześniej w dziejach Europy.

     
       

     

      Benedetta Scuderi (Verts/ALE). – Signora Presidente, onorevoli colleghi, la Seconda guerra mondiale non è arrivata per la mera follia di un paio di dittatori: è stato anche il calcolo miope di chi, pur di fermare l’avanzata delle istanze sociali, ha preferito cedere spazio ai fascisti.

    Liberali e popolari pensavano di poterli usare come argine e usare la loro violenza a favore di un proprio profitto momentaneo. Il capitale ha scelto di sostenerli. Ma l’argine ha ceduto e si sono ritrovati complici di una catastrofe, il cui prezzo l’hanno pagato milioni di persone.

    Chi scioperava o dissentiva veniva schedato, perseguito. La polizia entrava nelle università, i giornalisti venivano spiati. L’odio diventava linguaggio politico, i diritti una concessione temporanea, le donne ancor più discriminate, l’omosessualità sempre più illegale. La corsa al riarmo venne definita giustificata, inevitabile. E poi la pagina più buia: il genocidio, coperto da un silenzio complice.

    Never again, abbiamo detto. Eppure questa descrizione potrebbe essere il telegiornale di oggi. Contro quella guerra, quegli orrori, il fascismo nasce questa istituzione; un’istituzione che doveva proteggere la pace, il disarmo, l’unione tra popoli, combattere per il diritto internazionale e contro ogni genocidio. Lo stiamo facendo?

    Colleghi e colleghe, rileggiamo la storia e guardatevi bene dentro e ditemi se pensate che questa sia la direzione giusta. Ogni volta che scegliete di stare dalla parte di chi priva della libertà e dello Stato di diritto, la parte di Meloni, Orban, Trump, Putin e tutti gli altri, state svendendo libertà, pace e democrazia.

     
       

     

      Danilo Della Valle (The Left). – Signora Presidente, onorevoli colleghi, forse c’è un piccolo misunderstanding nella discussione di oggi. Noi festeggiamo la fine della Seconda guerra mondiale: ma non dobbiamo mai dimenticare che è stata l’Europa che ha partorito il mostro del nazifascismo. Hitler e Mussolini non erano dei pazzi venuti da Marte ma il prodotto di un’ideologia suprematista che sopravvive ancora oggi e non sopravvive solo in chi aderisce alle formazioni estremiste.

    Dobbiamo ricordare perché solo con la memoria possiamo evitare di ricadere nel baratro del passato. Dobbiamo ricordare cosa accadde nei lager e il genocidio che ne scaturì, nei quali persero la vita 6 milioni di ebrei, mezzo milione di sinti e milioni di cittadini sovietici. Oggi qualcuno vorrebbe riscrivere quella storia, escludendo dai festeggiamenti gli ex popoli sovietici, i russi e i popoli slavi, ma per pure ragioni di convenienza geopolitica.

    Quello che accade oggi in Ucraina non può essere la scusa per cancellare il contributo di vite umane che i russi, i polacchi, i popoli slavi e sovietici tutti hanno pagato per liberare tutti noi dal nazifascismo: 27 milioni di sovietici, uomini, donne e bambini massacrati, bruciati vivi nei villaggi, mandati al fronte a difendere un’Europa che forse non li considerava neanche dei pari, ma che hanno contribuito a liberare.

    Quelle morti meritano il rispetto e il nostro ricordo. La memoria ci obbliga alla pace, alla verità e al rispetto di tutti i popoli che hanno pagato il prezzo per la libertà.

     
       

     

      Zsuzsanna Borvendég (ESN). – Elnök Asszony! A történelmi bűnökből okulni kell, nem megismételni. Miközben a békét hirdetik, az emberiséget egy újabb világháború felé sodorják. Magyarországon a második világháború vége szovjet megszállást hozott. A nagyhatalmak a megkérdezésünk nélkül döntöttek a sorsunkról. Megtanultuk, hogy a háborúk soha nem az igazságról, hanem a pénzről, a hatalomról és a politikai érdekekről szólnak, ahogy sajnos a békék is. Mégis, mindent meg kell tennünk a fegyvernyugvásért.

    De Európa nem tanult a múltból, újra fegyverkezéssel akarja megoldani a gazdasági problémáit, természetellenes ideológiákkal harcol a gondolatszabadság ellen, asszisztál a politikai ellenvélemények elhallgattatásához, és tagadja a realitásokat. Európa alapvető érdeke a békés gazdasági együttműködés Oroszországgal. Ahányszor ez megvalósulóban volt a történelem során, kitört egy háború. Most is ez történt. Idegen érdekek rángatják dróton Európát, miközben a végromlásba döntenek minket. Vessünk végre véget ennek! Ne beszéljünk a békéről, hanem valósítsuk meg!

     
       

     

      Ondřej Dostál (NI). – Paní předsedající, vážení kolegové, za vítězství nad nacismem položily své životy miliony spojeneckých vojáků. Bohužel zapomínáme na ty, kteří přinesli obětí nejvíce. Stydím se za kolegy, kteří tvrdí, že Československo osvobodili jen Američané. Řekli byste to matkám sovětských padlých při osvobození naší země? Řekli byste zbídačelým vězňům v Osvětimi, že příchodem sovětské armády nebyli osvobozeni, ale okupováni? Stydím se za svou vládu, že neuctí padlé z řad sovětské armády, a jsem rád, že tak za bývalé Československo učiní premiér Robert Fico, ač je za to ostouzen. Rozhodl jsem se proto, že i já zítra položím květy k hrobu Neznámého vojína v Moskvě. Činím tak ze tří důvodů. Zaprvé, z osobního přesvědčení, že na padlé se nezapomíná. Za druhé, z vůle mých voličů, kteří mají hrůzy nacismu stále v paměti. Zatřetí, z vůle po míru. Oslava 80. výročí porážky nacismu nás spojuje a může otevřít cestu k míru, k diplomacii, k vyřešení nynějšího konfliktu, který vojenské řešení nemá. Přeji šťastnou cestu všem státníkům, ať už míří na oslavy kamkoli, a prosím je, aby šířili vůli po míru v souladu s principy Charty OSN. Já tak zítra učiním.

     
       

     

      Wouter Beke (PPE). – Voorzitter, vandaag herdenken we het einde van de Tweede Wereldoorlog. Tachtig jaar geleden, in de puinhopen van 1945, kozen visionaire leiders zoals Adenauer, Schuman en De Gasperi voor verzoening, verzoening boven wraak, samenwerking boven conflict, democratie boven dictatuur.

    Hun radicale antwoord legde de kiem van waar wij vandaag nog steeds de vruchten van plukken. Een Europese Unie van gedeelde soevereiniteit, democratie en menselijke waardigheid. Die keuze blijft brandend actueel, want extremen in Europa – we hebben het hier vandaag in het debat opnieuw gezien – willen onze rechtsstaat ondermijnen en proberen de banden te breken die ons juist samenhouden.

    En de agressie tegen Oekraïne dwingt ons tot een sterker defensiebeleid, juist om een nieuwe oorlog te voorkomen. Een slagkrachtiger Europa is niet de vijand van de subsidiariteit, maar het is juist de voorwaarde van subsidiariteit. Alleen via samenwerking kunnen we onze veiligheid, onze grondrechten en onze welvaart garanderen.

    Ik heb drie kinderen en ik hoop dat ze kunnen opgroeien in een Europa waarin vrijheid, democratie en menselijke waardigheid geen uitzondering zijn, maar de regel blijven. Laten we daarom vastberaden verder investeren in de Unie. Een Unie die uit deze puin verrezen is, want het is de beste garantie voor onze toekomst.

     
       

     

      Francisco Assis (S&D). – Senhora Presidente, em 18 de junho do já longínquo verão de 1940, um general do exército francês, à revelia do poder instituído, lançou um repto aos seus compatriotas: «não se rendam.» Charles de Gaulle constitui uma das mais sugestivas manifestações do papel do indivíduo na história e da importância da ação livre no curso dos acontecimentos humanos.

    Hannah Arendt, depois de assistir ao julgamento de Adolf Eichmann em Israel, desenvolveu a ideia da banalidade do mal. O homem que aceita ser uma peça acrítica num mecanismo institucional monstruoso torna-se irremissivelmente um agente do mal. Não há inocência na aceitação pacífica da perfídia. Eichmann, na sua pavorosa normalidade, representa o ser humano burocratizado e reduzido a uma condição não moral.

    De Gaulle representa o contrário de tudo isto. Ele sabia os riscos que corria. Numa conversa com amigos, terá dito «vão tomar-me por um aventureiro e, contudo, nunca fui um aventureiro. Dirão que sou um rebelde porque me recuso a obedecer a certas ordens. Mas os verdadeiros rebeldes são os que não obedecem ao dever mais sagrado: defender o seu país até à derradeira possibilidade, ao lado do seu último aliado. Vão talvez condenar-me à morte. Até aqui, os generais condenavam à morte os simples soldados que iam abandonar o campo de batalha. Desta vez vão condenar um general que se recusou a fugir desse mesmo campo de batalha».

    Essa é a grande lição de Charles de Gaulle. Nós, em certas circunstâncias, não podemos fugir do campo de batalha.

    (O orador aceita responder a uma pergunta «cartão azul»)

     
       


     

      Francisco Assis (S&D), Resposta segundo o procedimento «cartão azul». – Caro Deputado Sebastião Bugalho e caro amigo, eu julgo que há determinadas circunstâncias em que nós temos de saber transcender aquilo que são os nossos posicionamentos políticos. Há momentos para a disputa política mais banal e mais quotidiana, e há outros momentos em que temos de estar acima disso.

    E, se há exemplo na Europa — e neste último século há vários —, um deles foi e é indiscutivelmente o do general De Gaulle. Estando hoje aqui em Estrasburgo, estando hoje aqui em França, parecer-me-ia uma enorme injustiça que neste Parlamento ninguém se referisse a essa figura absolutamente extraordinária do século XX europeu que foi o general Charles de Gaulle.

    De Gaulle representa tudo, representa o que de mais relevante um homem de Estado pode representar, a luta pela liberdade, a coragem, a disponibilidade para correr o risco de vida em nome de valores mais altos.

     
       

     

      Anders Vistisen (PfE). – Fru formand! I dag markerer vi 80-året for nazisternes kapitulation. Et historisk øjeblik, hvor Europas frie nationer og modige folk besejrede en af de mest brutale ideologier, som verden har kendt. Det burde være en dag dedikeret til de, der kæmpede, led og døde for et frit Europa. Men i stedet for har huset her lavet det om til en trang til at promovere jeres eget føderale projekt. Intet symboliserer det bedre end den bevilling, I har givet til Huset for Europæisk Historie. Et såkaldt museum, som I har brugt mere end 400 millioner kroner af skatteborgernes penge på. Her forsøger I at skrive historien om. Det fremstår som om, at Europas historie begynder i 1945 og som om, at det ikke er nationalstaterne, der er udgangspunktet for den civilisation, fred og fremgang, Europa har kendt. Det er historisk manipulation og ideologisk propaganda, og det er en hån imod de generationer, der i over tusinde år har opbygget de nationer, kæmpet for den frihed og skabt den kulturarv, som Europa udgør. EU er ved at udvaske det hele i jagten på en føderal superstat.

     
       

     

      Rihards Kols (ECR). – Madam President, dear colleagues, for Western Europe World War Two ended in May 1945, but for millions in Central and Eastern Europe, Latvia included, the end of the tyranny meant the beginning of another. Soviet tanks replaced Nazi boots. Freedom was postponed for nearly five decades.

    Nazi crimes were prosecuted at Nuremberg, justice was served, and rightly so. But there was no Nuremberg for Communism, no tribunal for the gulags, the deportations, the erasure of Baltic independence.

    Europe’s memory remains divided. This is no accident; it’s by design. The Kremlin today wages war not only on Ukraine, but on historical truth itself. It denies the Molotov-Ribbentrop pact, glorifies Stalinism under the banner of liberation, and brands our resistance as fascism.

    Historical revisionism is a weapon, a tool to legitimise aggression, blur guilt and erase the suffering of nations. A united Europe demands a united memory, one that condemns all totalitarian regimes. There can be no reconciliation without truth and no security if lies go unchallenged.

     
       

     

      Charles Goerens (Renew). – Madame la Présidente, voici ce que nous inspire le 80ᵉ anniversaire de la fin de la Seconde Guerre mondiale: premièrement, de la reconnaissance en saluant les mérites de ceux qui nous ont libérés. J’entends par là, bien entendu, la résistance dans tous nos États membres, l’apport des Américains et aussi celui de l’Armée rouge – l’Armée rouge, dans le temps, était différente de ce que font les soldats russes en Ukraine actuellement.

    Deuxièmement, retenir les leçons de l’histoire. L’«appeasement» ne peut en aucun cas être le fil conducteur de la politique extérieure de l’Union européenne aujourd’hui. Nous avons vu où cela a mené dans les années 1930.

    Troisièmement, dans un monde où seul semble compter le rapport de force, nous devons être plus solidaires et développer davantage le projet européen.

    Quatrièmement, l’Europe est seule, mais elle est encore là. Il faut continuer à travailler sur le projet.

    Ce matin, en venant ici, j’ai entendu sur Deutschlandfunk une phrase historique prononcée par Richard von Weizsäcker il y a 40 ans:

    „Der 8. Mai war ein Tag der Befreiung.“

    Je crois qu’il faut que nous nous inspirions de cette phase, qui a une profondeur historique exemplaire.

     
       


       

    IN THE CHAIR: ESTEBAN GONZÁLEZ PONS
    Vice-President

     
       


     

      Jaume Asens Llodrà (Verts/ALE). – Señor presidente, hoy no basta con recordar. Hay que reconocer el mal cuando se repite con otras víctimas y con otros rostros. La memoria debe servir para prevenir el mal, no como coartada para practicarlo. Eso nos lo recuerdan algunos intelectuales judíos de Israel como Idith Zertal o Meir Margalit cuando nos dicen que Israel utiliza el pasado como escudo para no rendir cuentas con el presente y que Europa —y especialmente Alemania— se aferra a su culpa histórica para seguir manteniendo su lealtad a un Gobierno que está practicando otro genocidio, y así traiciona precisamente aquello que prometió no volver a repetir: nunca más el exterminio de un pueblo, nunca más la complicidad de las democracias europeas.

    Pero ahora, a diferencia de entonces, no podemos decir que no sabíamos nada, porque Europa sigue mandando armas, sigue manteniendo el acuerdo comercial con Netanyahu. ¿Qué culpa tienen los palestinos de lo que hicieron en el pasado los europeos, de lo que hicieron algunos, que son los padres ideológicos de los que están hoy aquí sentados y que justifican otra vez otro genocidio? Como entonces, la historia les está mirando a ustedes y les va a volver a juzgar.

     
       

     

      João Oliveira (The Left). – Senhor Presidente, a evocação dos 80 anos do dia da vitória sobre o nazifascismo tem de servir para lembrar as duras lições aprendidas pela humanidade com a tragédia dessa guerra, para que os povos possam evitar a sua repetição.

    O legado da barbárie nazifascista é uma destruição sem precedentes — o genocídio, os campos de concentração, as dezenas de milhões de mortos. Com 20 milhões de mortos, foi a União Soviética quem suportou o maior sacrifício do conjunto da coligação de países aliados formada durante a guerra.

    Democratas de vários quadrantes construíram a luta de resistência. O papel destacado assumido pelos comunistas foi determinante e, por isso, ainda hoje, os herdeiros das forças nazifascistas e os seus cúmplices destilam ódio anticomunista.

    Nos 80 anos do dia da vitória, é imprescindível relembrar que o combate ao nazismo e ao fascismo, às forças reacionárias e obscurantistas também se faz dando resposta aos problemas dos trabalhadores e dos povos, com a melhoria das suas condições de vida, a garantia dos direitos sociais, o respeito pelo direito dos Estados ao seu desenvolvimento, com a defesa intransigente da paz e da cooperação.

    O rasto de morte e destruição da barbárie nazifascista tem de ser suficiente para que hoje façamos tudo para defender a paz, a segurança coletiva e a resolução política dos conflitos. Estas são lutas que partilhamos com as gerações anteriores e, tal como há 80 anos, os comunistas cá continuarão para as travar.

     
       


     

      Danuše Nerudová (PPE). – Pane předsedající, kolegové, dnes si připomínáme konec druhé světové války. Den vítězství, odvahy a naděje těch, kteří bojovali za svobodu a demokracii, protože věřili, že po porážce nacismu přijde svobodný svět. Jenže do střední a východní Evropy místo svobody přišla další temnota. Ti, kterým jsme desítky let museli říkat osvoboditelé, přinesli jen nový teror, popravy, lágry a totalitu. Zlo vystřídalo jen další zlo. Jejich oběťmi se stali skuteční hrdinové, letci RAF, legionáři nebo odbojáři. Ti všichni byli pronásledováni, vězněni a trestáni, protože pro totalitní režim znamenali vše, co moskevské loutky neměly – svobodu, hrdinství a lásku k demokracii. Dnes, 80 let poté, se kolaborace se zlem znovu stává závažným problémem celé Evropy. Naše demokracie dokonce umožňuje, že někteří podporovatelé fašismu a komunismu pořád sedí s námi tady v Evropském parlamentu a mají tu drzost šířit ruskou propagandu a lež. Přála bych si, abychom i my, stejně jako naši váleční hrdinové, měli odvahu čelit zlu. Začněme nazývat věci správnými jmény. Skutečný osvoboditel nikdy nemůže přinést novou totalitu. Svůj proslov věnuji všem československým hrdinům, včetně letců RAF, kteří po skončení druhé světové války byli zavražděni a umučeni komunisty.

     
       

     

      Cecilia Strada (S&D). – Signor presidente, onorevoli colleghi, se l’Europa si occuperà solo dei problemi interni dei singoli Paesi, resteranno in piedi le cause di conflitti, di militarismi, di guerre. Così scrivevano Altiero Spinelli e gli altri fondatori del Movimento federalista europeo nel pieno della Seconda guerra mondiale, finita 80 anni fa. Una triste profezia.

    Oggi i ragazzi e le ragazze d’Europa studiano gli orrori della Seconda guerra mondiale, il genocidio degli ebrei, lo sterminio di disabili, rom, sinti, omosessuali e si chiedono: qualcuno poteva fermare questo orrore e non l’ha fatto?

    Fra qualche anno anche noi saremo sui libri di storia: Commissione, Consiglio, questo Parlamento. Saremo su una pagina nera. Ottant’anni dopo l’Olocausto i cittadini del mondo guardano il genocidio della popolazione palestinese teorizzato e portato avanti dal governo di Israele e ci chiedono: perché non fermate la strage? Perché continuate a vendere armi a Israele? Perché siete complici di tutto questo? Perché?

    Sono passati 80 anni e, come diceva Gramsci, la storia insegna ma non ha scolari. Che vergogna!

     
       

     

      Alexandre Varaut (PfE). – Monsieur le Président, au moment d’évoquer l’anniversaire de la fin de la Seconde Guerre mondiale, je veux d’abord évoquer les soldats, les civils, les résistants français, acteurs ou victimes de cette guerre, et avoir une pensée personnelle pour mon grand-père, décoré de la Croix de guerre pour sa contribution à la Résistance.

    Nous commémorons aujourd’hui la liberté comme patrimoine pour l’Europe; pour l’Europe, mais pas pour les millions d’Européens de l’Est livrés à Staline, qui fut l’allié de Hitler jusqu’à l’été 1941, ne l’oublions pas. Aujourd’hui, le soviétisme a disparu à son tour, mais à quel profit?

    La liberté et la démocratie sont refusées par les libéraux et les démocrates prétendus à leurs adversaires en Roumanie ou en Hongrie, montrant que, dans leur bouche, ces principes universels sont un capital politique qu’ils exploitent, mais ne respectent pas. La sécurité est absente de nos sociétés fracturées par l’immigration de masse. Les crimes se multiplient.

    Ce bilan prouve que les leçons de la guerre n’ont pas été tirées. Il prouve que les idéologues modernes persistent à sacrifier des hommes et des vies à leurs utopies désastreuses. Il prouve que, de plus en plus contestés dans leur dogme, c’est à la répression idéologique ou juridique qu’ils recourent et qu’ils n’hésiteront pas, pour édifier leur paradis terrestre, à faire de l’Europe un purgatoire.

     
       


     

      Dan Barna (Renew). – Domnule președinte, comemorăm astăzi 80 de ani de la Al Doilea Război Mondial, dar lecțiile sale sunt mai actuale ca niciodată. În ’38, când Germania nazistă anexa Austria, nu a fost doar un act de forță, el fusese pavat de o campanie neîncetată de propagandă și dezinformare. Regimul nazist a portretizat o narațiune falsă a unui popor austriac dornic de unire, fabricând crize și suprimând orice știre care contrazicea povestea oficială. Naziștii controlau informația și controlau percepția, făcând agresiunea lor să pară justificată, ba chiar binevenită.

    În zilele noastre, lupta pentru adevăr s-a mutat pe ecranele din viața noastră. Dezinformarea, amplificată de viteza și amplitudinea rețelelor sociale, erodează încrederea în instituții și în democrație și poate destabiliza societăți. Tacticile evoluează – de la emisiuni radio și fotografii trucate, la deepfake-uri și bule conduse de algoritmi – dar scopul de a manipula adevărul pentru putere rămâne înfiorător de familiar.

    Trecutul ne oferă o lecție dură și urgentă: trebuie să fim consumatori critici de informație. Trebuie să punem întrebări, trebuie să verificăm și trebuie să înțelegem agendele care se pot ascunde în spatele narațiunilor care ne sunt prezentate. Istoria ne arată că atunci când adevărul este compromis, libertatea și pacea sunt grav periclitate. Trebuie să învățăm din tenebrele trecutului pentru a proteja prezentul și viitorul.

     
       

     

      Anna Strolenberg (Verts/ALE). – Mr President, ‘never again’ are words often spoken, but difficult to uphold. We are here amongst Europeans and we all have different war traumas, be it Nazism, Fascism, Communism or colonialism. These stories make us who we are, and these histories also put a great responsibility upon us to act when we see that freedom is taken away from others.

    We are not doing that enough, Europe is not doing it enough. We are too silent about Netanyahu’s war crimes in Gaza. We are too timid in supporting Ukraine in defeating Russian imperialism.

    We can do so much more, and I am proud that I can stand here and be critical, because this freedom is a luxury for some. I am proud that I am European, and that we managed to turn our history into the biggest peace project there is.

    But I would be even prouder if we managed to live up to our responsibility and to show actions that speak louder than these words. Let’s live up to our responsibility, and let’s remember that ‘never again’ is not a prayer to the past, but a promise to the future.

     
       


     

      Paulius Saudargas (PPE). – Mr President, honourable colleagues, eighty years ago Europe rose from the ashes of the most brutal war in human history. However, in some European countries, the suffering was not over. For Lithuanians, Latvians, Estonians, Ukrainians, Poles and many other nations occupied by the Soviet Union, it was the beginning of the new wave of Stalin’s repressions. Imprisonment in gulags, mass deportations to extreme exile demolished millions of lives. But we resisted; we fought the enemy. We fought alone. In Lithuania and Ukraine the partisan war lasted for a decade, taking away thousands of the bravest.

    We must remember this in the context nowadays, because the enemy is the same. The peacemakers of the Second World War declared ‘we will never let this happen again’. Well, today these very foundations are under attack once more. The unprovoked and unjust invasion of Ukraine, war crimes, genocide of the Ukrainian people and mass propaganda mirrors the aggression and the suffering we once said would never be tolerated.

    I ask everyone here today to keep that promise. Not any peace, but a just peace must be our ultimate goal, and only then, for the final time, can we say ‘never again’.

     
       

     

      René Repasi (S&D). – Herr Präsident, liebe Kolleginnen und Kollegen! 80 Jahre nach dem Ende des Zweiten Weltkriegs verlassen uns die letzten Überlebenden der Schoah, der Konzentrationslager des Krieges. Mit ihnen verlieren wir nicht nur Zeitzeugen. Wir verlieren Stimmen, die aus erster Hand gewarnt haben, was passieren kann, wenn Hass und Gleichgültigkeit zusammenkommen. Wir dürfen niemals zulassen, dass ihre Erlebnisse verstummen. Wir müssen ihre Augen, ihre Herzen, ihre Gedanken sein. Sie haben das Unfassbare gesehen. Sie haben gelitten. Sie haben gewarnt. Und sie haben auf uns gehofft.

    Jetzt mehr denn je ist es Zeit, diese Erinnerung nicht in Vergessenheit geraten zu lassen. Für uns Deutsche war das Ende des Weltkrieges eine Niederlage – nicht im Sinne nationaler Schmach, sondern als notwendiger Bruch mit einem verbrecherischen System. Die europäische Integration, die auf den Trümmern des Weltkrieges entstand, wurde geboren, um den Nationalismus, der nur das Trennende kennt und uns auf den Weg zum Krieg führt, zu überwinden. Es ist unsere Verantwortung, dieses Friedenswerk zu schützen und zu stärken. Denn Frieden ist nicht alles, aber ohne Frieden ist alles nichts!

    (Der Redner ist damit einverstanden, auf mehrere Fragen nach dem Verfahren der „blauen Karte“ zu antworten.)

     
       


     

      René Repasi (S&D), Antwort auf eine Frage nach dem Verfahren der „blauen Karte“. – Herr Kollege! Das, was Nazideutschland der Welt angetan hat, ist im Sinne von Kompensation niemals wiedergutmachbar. Dieses Verbrechen hat eine Intensität, dass es uns Deutsche, aber mit uns Deutschen uns Europäerinnen und Europäer und alle Bürgerinnen und Bürger dieser Welt niemals verlassen kann, weil es eine Verantwortung für unser alltägliches Handeln darstellt. Deswegen kann man sich von dieser Verantwortung auch nicht freikaufen, auch nicht freireden und heute auch nicht sagen, alles wäre jetzt wieder gut. Das ist es nicht, und das wird es nie sein. Das ist die politische Verantwortung, die wir als Deutsche, aber eben auch als Bürgerinnen und Bürger dieser Europäischen Union für immer tragen werden.

     
       

     

      Arkadiusz Mularczyk (ECR), pytanie zadane przez podniesienie niebieskiej kartki. – Mam pytanie, czy ma Pan świadomość, że obecnie polskie ofiary II wojny światowej nie mają dostępu do drogi sądowej, nie mają możliwości dochodzenia roszczeń? Znam osobiście takie ofiary poszkodowane przez Pana dziadków, pradziadków. Czy ma Pan świadomość, że Niemcy nie zawarły nigdy z Polską żadnej umowy o naprawie szkód i zadośćuczynieniu ofiarom? Czy ma Pan świadomość, że Niemcy nie zapłaciły nic polskim ofiarom ani Polsce? Czy nie jest Wam, Niemcom, wstyd? Czy nie jest wstyd Unii Europejskiej za to, że odwraca głowę od tej sprawy?

     
       



     

      Aurelijus Veryga (ECR). – Ponas pirmininke, 45-ųjų metų gegužės aštuntą dieną pasirašytas kapituliacijos aktas Lietuvai ir kitoms Baltijos šalims nereiškė nei karo pabaigos, nei laisvės. Save pristatantys išlaisvintojais sovietai „pamiršo“ išeiti iš išlaisvintų šalių, ir išlaisvintojai ėmėsi uoliai naikinti visus bent kiek pilietiškai nusiteikusius žmones. Tūkstančiai gyvuliniais vagonais buvo išvežti į Sibirą. Atimta žemė ir namai, sunaikinta pilietinė visuomenė, nevyriausybinės organizacijos bandė pasipriešinti ginklu miškuose, buvo nukankinti kalėjimuose, nužudyti ir išniekinti miestų aikštėse. Buvo bandoma sunaikinti kalbą, ribojama religijos laisvę, žiniasklaida tapo propagandos ruporais, klastojama istorija ir klastotėmis plaunamos vaikų smegenys. Tą teko patirti ir man, tuomet dar vaikui, augusiam sovietų okupuotoje Lietuvoje. Deja, Sovietų Sąjunga už visus nusikaltimus savo Niurnbergo neturėjo, o komunizmas visuotinai nebuvo pasmerktas. Vadinamasis išlaisvinimas mums virto ilgais dešimtmečiais okupacijos. Todėl raginame pasaulį išmokti Antrojo pasaulinio karo pamokas ir jų nekartoti.

     
       


     

      Sunčana Glavak (PPE). – Poštovani predsjedavajući, kolegice i kolege, 80 godina od najkrvavijeg rata u ljudskoj povijesti Europa je podigla najhrabriji projekt mira, ali danas taj projekt je na iskušenju. Dok rat ponovo tutnji na europskom tlu gledamo porast populizma i autoritarizma. Strah zamjenjuje razum. Moramo se zapitati hoćemo li braniti ono što nas čini Europljanima.

    Europa nije samo zajednica tržišta, već zajednica vrijednosti. Europa nije samo geografski prostor. Europa je ideja, ideja da razlike nisu slabost, već snaga i da se sloboda ne podrazumijeva. Mi to dobro znamo u Hrvatskoj. Kada govorimo o slobodi i o miru znamo koliko su sloboda i mir dragocjeni jer, nažalost, iskusili smo brutalnost velikosrpske agresije na Hrvatsku prije samo tridesetak godina. I pobijedili smo. Ali sjećamo se i žrtava nakon Drugog svjetskog rata. Sjećam se Macelja, Bleiburga i križnog puta.

    Stoga svi moramo imati na umu da Europa nije gotova priča. Europa se piše svakog dana, a pitanje je jednostavno: hoćemo li biti njezini autori ili promatrači?

     
       

     

      Vytenis Povilas Andriukaitis (S&D). – Labai ačiū, gerbiamasis posėdžio pirmininke, gerbiamas komisare, kolegos, išties kalbėsiu kaip laisvės kovų dalyvis, disidentas, kurį septynis kartus tardė KGB, du kartus suėmė, kuris devyniasdešimtųjų kovo vienuoliktąją pasirašė Nepriklausomybės deklaraciją, Petrai Gražuli. Taigi keturiasdešimt pirmų metų birželio keturioliktą Hitleris okupavo Paryžių. Tą pačią dieną Stalinas pateikė ultimatumą Lietuvai ir mano tėvai 17 metų praleido Stalino gulaguose. Džiaugiuosi, kad mano tėvas buvo 45 pabaltijiečių memorandumo signataras. Ir ačiū Europos Parlamentui, kuris 1983 m. sausio 13 d. priėmė rezoliuciją dėl Estijos, Latvijos, Lietuvos laisvės. Džiaugiuosi ir dėl to, kad šiame Parlamente skamba dvi pavardės: Simone Weil ir Altero Spinelli. Ir taigi šios dvi pavardės didingai mums primena, ką mes turime padaryti. For Free and United Europe – taip vadinosi Altiero Spinelli manifestas. Ir šiandien reikia aiškiai pasakyti: istorija man neskolinga, aš skolingas istorijai, kad būtų taika, demokratija ir laisvė.

     
       

     

      Sebastian Tynkkynen (ECR). – Mr President, in an alternative reality we would be living today under Hitler’s rule – not just all of Europe, but maybe even the whole world.

    In that reality, I wouldn’t be standing here. I would have been killed in a gas chamber, my ashes drifting in the air. Many of you also would not be here, because of your ethnicity, your sexuality or disability.

    That reality nearly came true. Too many in Europe believed Hitler would stop on his own. They spoke of peace and diplomacy. But reality struck, and the price was great, far greater.

    Now, 80 years later, Europe faces its worst attack since World War Two, and history is repeating itself. Today, it is the Left who lives in an alternative reality. You oppose European militarisation and sending weapons to Ukraine, and call for peace talks with Putin.

    But you should never negotiate with dictators – you must stop them!

    (The speaker declined to take a blue-card question from Petras Gražulis)

     
       

     

      Martin Hojsík (Renew). – Vážený pán predsedajúci, pred osemdesiatimi rokmi v Európe skončili hrôzy vojny. Ak však chceme chrániť mier, nesmieme si pripomínať len koniec, ale myslieť aj na to, prečo táto vojna začala. Vojna, ktorú môj dedo prežil v Mauthausene, kde moja babička musela počúvať zvuky vychádzajúce z gestapáckych výsluchovní. A ona začala už v roku 39. Keď Hitler spolu áno, aj s klérofašistickým Slovenským štátom, a áno, aj so Sovietskym zväzom napadol Poľsko. Ona začala preto, že sa Západ díval preč, keď takpovediac ustupoval diktátorom, pretože obetoval tých menších a slabších. Dnes stojíme znova na križovatke. Na križovatke, ktorá bude znamenať to, že či sa Európa znova rozdelí, či Putin získa znovu sovietsku sféru vplyvu, alebo bude silná a jednotná. Aby sa nestalo to, čo po druhej svetovej vojne zažil napríklad pán Skúpi z Moravského Lieskového, keď ho NKVD odviedlo do gulagu len preto, že pomáhal americkému letcovi.

     
       

     

      Evin Incir (S&D). – Mr President, colleagues, today, 8 May, is the time to commemorate. This is a time to remember, but also a moment to reflect on the lessons – the evil the Second World War emerged from. And it is a time to warn against the far-right ideologies that once drove our continent to the edge of complete self-destruction. The same ideology that, unfortunately, is embraced by some – even here in this Parliament, in Europe in 2025.

    The generations that survived the Second World War, those who knew the very essence of ‘never again’, understood that the tragedy of the 20th century did not begin with bombs or bullets. It began with words, with rising intolerance, and it continued to mass killing of men, women and children by the thousands, by the millions.

    In our European society today, we are once again witnessing this rise of political forces that set people against people. Colleagues, do not forget that EU was built to ensure that ‘never again’ means ‘never again’. Let’s ensure that ‘never again’ is transferred into words every day, with every action that we take.

    (The speaker agreed to take a blue-card question)

     
       

     

      Bogdan Rzońca (ECR), pytanie zadane przez podniesienie niebieskiej kartki. – Bardzo uważnie słuchałem Pani wypowiedzi. Chciałem w ciągu 20 sekund opowiedzieć Pani pewną historię i na końcu zadam pytanie.

    Jest 1944 rok. Jasło, moje miasto, w którym mieszkam, jest pod okupacją niemiecką. Walter Gentz, starosta niemiecki, wydaje rozkaz: wysiedlić kilkanaście tysięcy ludzi. Drugi rozkaz: zaminować całe Jasło. Trzeci rozkaz: okraść całe Jasło. Wszystko, co ukradli, spisali i wywieźli w ponad tysiącu wagonów. Wszystko wiemy – wiemy, dokąd te rzeczy pojechały, do których miast niemieckich.

    I pytanie: czy Pani uważa, że Niemcy powinni te rzeczy zwrócić albo przynajmniej zapłacić odszkodowanie za spalenie, zburzenie i okradzenie miasta Jasła?

     
       


     

      Adam Bielan (ECR). – Panie Przewodniczący! 8 maja 1945 r. zakończyła się II wojna światowa, najbardziej krwawa i wyniszczająca wojna w dziejach ludzkości. Dla Europy Zachodniej jest to dzień zwycięstwa odniesionego dzięki pomocy Stanów Zjednoczonych. Dla narodów Europy Centralnej i Wschodniej to symboliczny początek niemal półwiecznej okupacji przyniesionej przez Armię Czerwoną.

    Tę rocznicę obchodzimy w cieniu innej wojny, wojny toczonej na Ukrainie. Wczoraj na ten temat debatowaliśmy. Rozmawialiśmy również o tym, w jaki sposób agresor, czyli Rosja, powinna zadośćuczynić i wynagrodzić Ukrainie szkody, które wyrządziła. Ja te głosy oczywiście wspierałem, ale zastanówmy się, czy po II wojnie światowej agresor, czyli Niemcy, zadośćuczyniły szkodom, które one wyrządziły.

    Niemcy zamordowali ponad 6 mln polskich obywateli. Wyrządzili szkody – według oficjalnego polskiego raportu polskiego rządu – na ponad półtora biliona euro. Do dzisiaj nie zapłaciły reparacji. A wczoraj nowy kanclerz w Warszawie po raz kolejny postanowił nas upokorzyć i w obecności polskiego premiera oświadczył, że ta sprawa dla Niemiec jest zakończona. Otóż, panie kanclerzu Merz, nie jest zakończona. Będziemy się domagać zadośćuczynienia, a proniemiecki premier Donald Tusk prędzej czy później straci władzę.

    (Mówca zgodził się na pytanie zasygnalizowane przez podniesienie niebieskiej kartki)

     
       

     

      Petras Gražulis (ESN), pakėlus mėlynąją kortelę pateiktas klausimas. – Gerbiamas pranešėjau, jau 80 metų kaip Europa išsivadavo iš nacistinės Vokietijos, tačiau mūsų šalis Lietuva, tame tarpe ir Lenkija, pateko į Sovietų Sąjungos įtaką, kur taip pat buvo persekiojamas tikėjimas, žodžio laisvė. Kovojo lietuviai ir lenkai įvairiose organizacijose už savo laisvę. Atgavus mums nepriklausomybę, mes patekome į kitą ideologinę priespaudą – genderizmą. Kaip manot, ar Europa išsivaduos iš tos genderistinės ir leftistinės ideologijos, ar jinai joje ir mirs?

     
       


     

      Engin Eroglu (Renew). – Herr Präsident, sehr geehrter Herr Kommissar Séjourné! Vielen Dank, dass Sie heute bei uns sind. 80 Jahre nach dem Ende des Zweiten Weltkrieges erinnern wir uns und gedenken wir hier im Parlament einer sehr wichtigen Sache. Millionen von Menschen, Millionen von unschuldigen Menschen wurden brutalst ermordet aufgrund von Ideologien. Sie wurden überfallen. Ihnen wurde alles weggenommen – am Ende auch das Leben. Und dieses Gedenken muss uns eine Mahnung sein – eine Mahnung sein, was Ideologien anrichten. Und viele – auch in diesem Haus – haben scheinbar dieses Gedenken nicht richtig wahrgenommen, denn sie sind in ihren Mitgliedstaaten wieder mit Hass, Ideologien und einfachen Lösungen unterwegs, spalten die Europäische Union und verraten ihr eigenes Volk, indem sie sagen: Wir haben die einfache Lösung.

    Ich appelliere daran: Wir müssen gemeinsam – gerade jetzt in der heutigen Zeit, wo die Bedrohung an den Grenzen der Europäischen Union wieder so groß ist wie noch nie – die Gemeinsamkeiten der Europäischen Union suchen und aufhören mit der Mahnung, die wir heute hier in diesem Haus gehört haben. Wir müssen gemeinsam die Lösung suchen ohne Ideologien.

     
       

     

      Nils Ušakovs (S&D). – Priekšsēdētāja kungs! Cienījamie kolēģi! Šajās dienās cilvēki visā Eiropā svin uzvaru pār nacismu, piemin antihitleriskās koalīcijas karavīrus, pretošanās dalībniekus, partizānus, katru, kas cīnījās un krita, karojot pret šo absolūto ļaunumu. Eiropas Savienība tika izveidota tieši šīs uzvaras rezultātā, un viss, kas ir labs Eiropā, ir, pateicoties karavīriem, kas uzvarēja Hitleru.

    Viss, kas mums ir slikts, tas ir jau mūsu pašu neveiksmju un kļūdu rezultāts. Katru reizi, kad mums kaut kas neizdodas, cīnoties ar pavisam cita mēroga izaicinājumiem, ar ko saskaras patreiz Eiropas Savienība, mēs pieminam tos, kas pirms 80 gadiem upurēja absolūti visu, lai mēs un mūsu bērni varētu dzīvot mierā un drošībā. Veidojot labāku Eiropu, dzīvosim un strādāsim tā, lai mums nav kauns šo karavīru priekšā, ka mēs neizdarījām, nebijām spējīgi. Paldies antihitleriskās koalīcijas karavīriem, pretošanās dalībniekiem, partizāniem. Jūs esat un būsiet vienmēr mūsu varoņi.

     
       

     

      Christophe Grudler (Renew). – Monsieur le Président, le 8 mai marque la fin de la Seconde Guerre mondiale en Europe en 1945. Il est de notre devoir d’honorer la mémoire des soldats et de tous ceux qui, au prix de leur vie, se sont battus pour défendre la liberté et retrouver le chemin de la paix.

    Le 8 mai 1945 annonçait la victoire des Alliés sur le nazisme. N’oublions jamais les actes de barbarie dont ont été victimes les peuples d’Europe, perpétrés par des régimes autoritaires sans scrupule, avant et après 1945.

    Aujourd’hui, que voit-on, 80 ans après? Une montée en puissance des nationalismes, des autoritarismes, de la violence, des volontés d’hégémonie les plus primitives. Ils menacent directement la stabilité, la liberté et l’état de paix connus des citoyens européens.

    Ne reproduisons pas les erreurs du passé. Ces prédateurs n’auront pas raison de la belle Europe, car nous, fervents défenseurs de la démocratie, saurons nous tenir prêts pour la protéger. Restons unis pour ne jamais oublier! Restons unis pour ne jamais répéter!

     
       

     

      Nikos Papandreou (S&D). – Mr President, I find it very interesting that just a few minutes ago we had a Member who was born in the gulag who spoke here. We have two Members whose families were involved in the plot to assassinate Hitler. This Chamber is haunted by those memories. My grandmother told me stories of the Great Famine in Athens in 1941. My grandfather was chased by Kurt Waldheim and escaped to Egypt, and then was lucky enough to be prime minister on Liberation Day and lift the Greek flag over the Acropolis. So those are the memories that haunt us.

    Yet we still have this big divide, and it happens to be Russia and the Soviet Union. The problem with that – and that’s my problem – is that, yes, the Soviet Union helped defeat the Nazis, and that’s a plus, but then they dominated Eastern Europe and made a totalitarian world. So that tears us in half; it’s a ‘yes’ and a ‘no’, and we have to condemn atrocities whenever we see them if we are democratic people and believe in the European values. It does not matter if they had a victory star; they also have something very bad.

    Today we have a Fifth Column. It is not necessarily with weapons, it’s with suits, tweets and explosions of falsehoods. It promises easy solutions to complex problems. We see little men and little women who want to use freedoms to abolish freedoms. Our speeches today are part of the act of resistance.

     
       

     

      Thomas Pellerin-Carlin (S&D). – Monsieur le Président, quand j’avais dix ans, mon regard interrogea les lignes blanches et rouges d’un drapeau qui flottait dans le vent de ma Normandie natale. Je savais déjà ce qu’était la Seconde Guerre mondiale, mais ce drapeau-là, je ne le connaissais pas.

    Aujourd’hui, je pense aux soldats polonais de la première division blindée du général Maczek. Au mont Ormel, ils se battirent avec une bravoure rare. Sur les 1 500 soldats engagés, 60 seulement étaient encore en état de combattre après leur victoire. Je sais ce que je leur dois. Je sais qu’ils ont permis à mon grand-père de vivre dans une France libre. Je sais aussi que beaucoup d’entre eux n’ont jamais revu la Pologne libre.

    L’histoire ne se répète pas, mais les criminels d’hier ont leurs héritiers, qui sont aujourd’hui tentés par la récidive. Vladimir Poutine et Donald Trump trouvent des appuis ici même, au Parlement européen, dans cette extrême droite héritière des pires heures de notre histoire.

    Dans le combat pacifique que nous menons aujourd’hui pour la démocratie, rappelons-nous de ces héros polonais tombés au mont Ormel. Montrons-nous dignes de leur courage.

     
       

     

      Matjaž Nemec (S&D). – Mr President, dear Commissioner, dear colleagues, these days we celebrate a victory day. But considering the world around us, there isn’t really much to celebrate. Much of the responsibility for this lies with the inaction of the European institutions led by the Commission President von der Leyen.

    When the allies fought for peace 80 years ago, our common European project was born. Europe was meant to safeguard peace, freedom, rule of law and human rights. It was not meant to become a project of double standards and opportunistic political interests. Instead of demanding accountability, Europe’s top officials only repeat hollow rhetoric about upholding anti-fascist and anti-Nazi values. This is not the way forward.

    This anniversary must serve as a wake up call for the European Union to break free from the grip of hypocrisy. Europe was able to call out war crimes in Rwanda, Yugoslavia and Ukraine. Your leadership must clearly condemn and stop a genocide enfolding before our eyes in Gaza. A war crime is a war crime, whether done by Russia or by Israel.

    Europe must again become a source of pride, not shame. We owe this to our people and those who fought and died for Europe 80 years ago. We must end all wars. Peace must prevail again.

     
       

       

    Catch-the-eye procedure

     
       

     

      Juan Fernando López Aguilar (S&D). – Señor presidente, se cumplen ochenta años de la derrota del horror nazi, pero no del fin de la Segunda Guerra Mundial, cuya devastación fue planetaria, porque solo concluyó después de dos bombas atómicas en Japón en agosto de 1945. Nie wieder. Never again. Nunca más.

    Este no puede ser un mantra para esta Unión Europea, que recibió el Premio Nobel de la Paz en 2012, exactamente para avivar nuestra conciencia de que tenemos que estar permanentemente alerta contra el rebrote del autoritarismo y del totalitarismo en Europa y, por supuesto, de la guerra en todas partes. Ahí donde se perpetra un genocidio —como en Gaza— o una guerra —como la de agresión de Rusia contra Ucrania—, la Unión Europea tiene que tener una propuesta de paz activa.

    Por tanto, no puede ser un mantra repetir una y otra vez «Nie wieder» si no tenemos una política de la memoria que nos ayude a estar permanentemente contra cualquier forma de totalitarismo, contra cualquier amenaza a los valores fundadores de la Unión Europea. Allí donde el Consejo de Europa nació para la paz ha conocido la guerra entre miembros del Consejo de Europa. No puede pasar que la Unión Europea, círculo duro de integración basado, precisamente, en valores y en la paz, no tenga una política y un proceso de paz activo en la guerra contra Ucrania.

     
       

     

      Viktória Ferenc (PfE). – Elnök Úr! Ma a második világháború lezárására emlékezünk, és azokra az áldozatokra, katonákra és civilekre, akik átélték és megszenvedték történelmünk egyik legsötétebb időszakának borzalmait. Mennyire ironikus, hogy miközben a 80 évvel ezelőtt beköszöntött békét méltatjuk az Unió szomszédságában, a több mint három éve dúló orosz-ukrán háború még mindig emberéleteket követel.

    Nincs béke párbeszéd nélkül – hangzik Ferenc pápa üzenetében, aki élete utolsó napjáig azért küzdött, hogy békét teremtsen a világban, azon belül Ukrajnában is. Magyarország is a kezdetektől ezen az állásponton van. Diplomáciai eszközökkel, politikai támogatással és közös összefogással azért kell dolgoznunk, hogy elhallgattassuk a fegyverek zaját. Ukrajna lakossága már túl régóta szenved.

     
       

     

      Arkadiusz Mularczyk (ECR). – Panie Przewodniczący! Pani Komisarz! Wysoka Izbo! II wojna światowa to wciąż nierozliczona karta w relacjach europejskich. Mój kraj, Polska, w wyniku agresji niemieckiej poniósł niewyobrażalne straty: 6 mln zamordowanych polskich obywateli. 11 mln musiało wyjechać na emigrację. 50% terytoriów, które Polska utraciła. 40% PKB, które zostało zniszczone. Miliony kalek, miliony sierot, 200 tysięcy zgermanizowanych dzieci. 2 mln Polaków było wywiezionych na pracę przymusową. Miliony Polaków, które zginęły w obozach koncentracyjnych w wyniku chorób. Niemcy nigdy nie zapłaciły za swoje zbrodnie wojenne. To jest wyzwanie dla Unii Europejskiej, żeby nie odwracać oczu od tej sprawy, bo i Polska, i Grecja domagają się od Niemiec reparacji wojennych. Ja, Pani Komisarz, przekażę ten raport o polskich stratach wojennych. Oczekuję, że Unia Europejska stworzy mechanizm do zachęcenia Niemiec do rozmów o zapłacie odszkodowania dla Polski i Grecji. Nie odwracajcie Państwo od tego oczu ani głowy.

     
       


     

      Λευτέρης Νικολάου-Αλαβάνος (NI). – Κύριε Πρόεδρε, 80 χρόνια από την 9η Μάη 1945, όταν η ναζιστική Γερμανία παραδόθηκε άνευ όρων. Δεν πρόκειται για Ημέρα της Ευρώπης, όπως ισχυρίζεται η Ευρωπαϊκή Ένωση, αλλά για τη μεγάλη αντιφασιστική νίκη των λαών. Οι λαοί δεν ξεχνούν τα εκατομμύρια που έπεσαν στον αγώνα για να συντριβεί ο φασιστικός άξονας. Τιμούν την τεράστια προσφορά του Κόκκινου Στρατού, του σοβιετικού λαού, των εθνικοαπελευθερωτικών κινημάτων όπου πρωτοστάτησαν οι κομμουνιστές, όπως στην Ελλάδα.

    Η Ευρωπαϊκή Ένωση προκλητικά κάνει την ανήξερη για πολεμικές επανορθώσεις της ναζιστικής Γερμανίας. Το Ευρωπαϊκό Κοινοβούλιο απέρριψε αναφορά της ΠΕΑΕΑ, την οποία στήριξε το ΚΚΕ, για τις δίκαιες αξιώσεις του ελληνικού λαού. Σέρνετε τους λαούς στον πόλεμο, μπροστά σε νέα κρίση και σφοδρούς ανταγωνισμούς με Κίνα, Ρωσία αλλά και τις ΗΠΑ, που πληρώνουν οι εργαζόμενοι.

    Με τη διαστρέβλωση της ιστορίας, τον αντικομμουνισμό, την ταύτιση φασισμού και σοσιαλισμού, μάταια στοχεύετε να κρύψετε ότι υπάρχει διέξοδος σήμερα από την καπιταλιστική βαρβαρότητα, που η Ευρωπαϊκή Ένωση και οι αστικές κυβερνήσεις υπερασπίζονται. Απέναντι στο σκοτάδι των πολέμων, της εκμετάλλευσης, των κρίσεων, φωτεινό μέλλον της ανθρωπότητας είναι ο νέος κόσμος· ο σοσιαλισμός.

     
       

     

      Lukas Sieper (NI). – Herr Präsident, liebe Menschen Europas! Wir Deutschen kennen unsere Geschichte. Wir kennen die Verbrechen unseres Volkes unter den Nationalsozialisten. Und deshalb haben wir manchmal eine menschliche, aber gefährliche Angewohnheit: Wir erzählen uns, unsere Vorfahren hätten nicht mitgemacht, hätten nichts gewusst. Wir erzählen uns, wir selbst hätten im Widerstand gekämpft. Aber die Wahrheit ist: Die meisten deutschen Familien hatten Mitglieder in der SS, und die meisten von uns wären dabei gewesen.

    Schauen Sie auf mich. Meine Vorfahren haben ausschließlich in Deutschland gelebt. Ich habe mich nach der Schule freiwillig zum Militärdienst gemeldet. Ich liebe mein Land, meine Sprache, meine Kultur. Wäre ich, Lukas Sieper, vor 100 Jahren geboren, ich hätte wahrscheinlich die Propaganda geglaubt. Ich wäre wahrscheinlich ein weiterer Soldat in Hitlers Armeen gewesen. Wir sind immer nur eine Wahl von einer Diktatur entfernt. „Nie wieder“ ist nicht Erinnerung. „Nie wieder“ ist jetzt.

     
       

       

    (End of catch-the-eye procedure)

     
       

     

      President. – The debate is closed.

     

    5. Old challenges and new commercial practices in the internal market (debate)


     

      Anna Cavazzini, author. – Mr President, dear colleagues, we are facing numerous challenges in the EU. Looming trade wars, high energy prices, a lack of innovation and public investment, the China shock and shortages of skilled labour makes businesses suffer and results in rising costs of living for consumers. The climate crisis is accelerating and adding additional risks.

    The good news is the single market remains our best answer to geopolitical insecurity and to tackle those challenges. Nearly 450 million citizens, 23 million businesses with a GDP of EUR 17 trillion. These numbers make the single market one of the three largest economies in the world, and we need to use this unique resource to the benefit of people, businesses and the planet.

    Let me make four points on how the IMCO Committee in this resolution sees the way forward for the single market.

    One, reinforcing the single market. We need to make it easier, especially for small and medium sized enterprises to operate in it. Simplification is the core idea embedded in the creation of the single market. One rule instead of 27 means less administrative burden, less costs, and a better level playing field.

    But currently diverging implementation and fragmentation of legislation by the Member States create barriers in the single market. Therefore, the Commission needs to base its single market strategy on the idea of more Europe in legislation, implementation and enforcement.

    My second point, enforcing and developing the digital single market. Last term’s milestone legislations, the Digital Services Act, the Digital Markets Act and the world’s first AI Act now need to be enforced to ensure fair competition and a safe and trustful online environment. We therefore highly welcome the recent decision of the Commission to impose fines against Apple and Meta for their non-compliance with the Digital Markets Act, and we expect a continuous, rigorous enforcement also in other cases.

    And let me say it very clearly, especially regarding the pressure from the other side of the Atlantic. We do not let ourselves blackmail. We don’t trade away our tech regulation. Our laws are not for sale because they protect consumers, democracy and smaller companies.

    Three. The green transition. Also, the reports of Letta and Draghi make clear the transition towards a green and circular economy is a must, and to ensure our future competitiveness, we need to prepare for the economic disruptions the climate crisis will bring.

    Following a clear and predictable path for businesses accompanied by investment and strengthened public services, next to better labelling and fighting greenwashing, we need to create a real single market for second-hand goods and the Circular Economy Act. Digital tools can smoothen the complex processes of public procurement. Thus, we can simplify and create lead markets for sustainable products, quality jobs and regional value at the same time.

    Four consumer protection. A flourishing single market and high consumer protection are two sides of the same coin. A single market cannot function without strong consumer protection in both online and offline markets. So our resolution asks the Commission to come up in due course with a Digital Fairness Act. Targeted advertising, advertising of influencers, dark patterns and dynamic pricing, as well as the protection of minors, are challenges that this act needs to tackle.

    With a rapidly rising share of e-commerce, millions of parcels land directly at the consumer’s doorsteps, often from China, often not complying with our standards. This leads to safety risks and creates an uneven level playing field for European businesses.

    Therefore, the Commission must act. We need a swift implementation of the communication on e-commerce. We need to faster deploy the digital product passport and tracing laws to finalise the customs reform and to step up enforcement.

    More e-commerce leads to completely overloaded national market surveillance authorities. And that is why we need more European enforcement in order to live up to the giant online platforms, which is why the IMCO Committee, in our resolution, we call to reform the Consumer Protection Cooperation Network and for harmonised investigation to better fight unsafe products.

    Only joint action on EU level can get the tsunami of packages under control. So this is what the Imco committee suggests, and we hope that the Commission takes it into account in its upcoming single market strategy.

     
       

     

      Stéphane Séjourné, Vice-président exécutif de la Commission. – Monsieur le Président, Mesdames et Messieurs les députés, je remercie évidemment le Parlement européen pour ce débat, et je vous remercie en particulier, Madame la Présidente Cavazzini, car votre question orale couvre tous les grands enjeux relatifs au marché intérieur. Elle réaffirme d’ailleurs son rôle essentiel pour la prospérité de l’Europe.

    C’est aussi l’ambition que portera la stratégie pour le marché unique que la Commission présentera dans deux semaines exactement. Une ébauche de cette stratégie a, vous le savez, déjà fuité dans la presse. Je vais donc en dire quelques mots avant de répondre très concrètement à l’ensemble des questions qui sont posées par la rapporteure.

    Revenons ensemble sur le contexte, tout d’abord, puisque, après les excellents rapports, qui ont été unanimement salués, d’Enrico Letta et de Mario Draghi, les tensions et la fragmentation géopolitiques nous rappellent que le marché intérieur est notre premier atout et que les meilleurs partenaires des Européens sont les Européens eux-mêmes. Face à l’urgence de mieux puiser dans ce formidable espace économique, je propose donc une méthode ainsi qu’un certain nombre de compromis que nous devons collectivement trouver ensemble. D’abord, la méthode, qui consiste à s’attaquer aux barrières les plus coûteuses et les plus concrètes pour notre marché intérieur. Puis des compromis, qu’il faut que l’on fasse également, entre les États, avec les États membres, mais également entre les groupes politiques.

    Il est également question d’avoir moins de barrières internes contre plus de protection à l’extérieur. Vous parliez éminemment du commerce extérieur et du e-commerce, qui est probablement la cause, dans ce moment précis, d’un certain nombre de dérégulations de notre marché intérieur. Se protéger davantage de l’extérieur, mais dans un esprit d’ouverture aux nouveaux partenariats commerciaux, tout en adoptant une doctrine de la préférence européenne, du «made in Europe», pour certains secteurs stratégiques.

    Je serai ravi de revenir vers cette assemblée lors de la miniplénière du mois de mai pour présenter très officiellement la stratégie sur le marché intérieur. Je vais maintenant revenir sur les questions que vous avez posées dans votre résolution.

    Vous le savez, les efforts pour renforcer notre marché intérieur doivent être partagés par tous les acteurs de l’Union européenne. Au sein de la Commission, mes collègues et moi-même avons compté et savons pouvoir compter sur l’engagement du Parlement européen sur cette question. Bien évidemment, les États membres sont des acteurs centraux et, je le dis sans ambages, trop souvent encore, la lettre et l’esprit des règles adoptées au niveau européen se perdent au niveau national, souvent en raison d’une sous-transposition, parfois d’une surtransposition, parfois même d’une absence totale de transposition.

    Quelques mots sur les biens et les services en général. La libre circulation est effective pour les biens. Néanmoins, comme vous l’avez souligné très justement, Madame la Rapporteure, nous devons faire face à l’émergence de nouvelles problématiques, notamment en termes de conformité, de durabilité et également de transparence envers les consommateurs.

    En ce qui concerne la conformité, je pense par exemple à l’explosion du e-commerce, comme je l’évoquais en introduction. Elle exige de notre part des douanes fortes, des contrôles homogénéisés partout en Europe. Ce n’est pas encore le cas aujourd’hui et je voudrais vraiment remercier le Parlement européen pour sa proposition ambitieuse sur le sujet. La balle est maintenant dans le camp des États membres pour ce qui est de la réforme des douanes et nous allons également porter cette dynamique. La montée du e-commerce exige également des mécanismes de surveillance du marché plus harmonisés et plus performants.

    En matière de durabilité, un marché intérieur pour l’économie circulaire est nécessaire pour mettre en œuvre le droit à la réutilisation ainsi qu’à la réparation. Nous y travaillerons également avec vous.

    Quant à la transparence, je pense évidemment à la «shrinkflation», ce phénomène sur lequel vous avez souhaité interpeller la Commission, mais aussi à la «skimpflation». Le premier consiste à réduire la quantité à prix constants et, le second, à réduire le niveau de service sans réduire le prix. Ce sont de nouveaux mots-valises qui mettent le doigt sur un manque de transparence grandissant pour les consommateurs, sur lequel le Parlement européen et les institutions doivent se pencher. Des garde-fous réglementaires existent déjà à l’échelle de l’Union européenne pour mieux protéger les consommateurs et les États membres doivent mettre en place les dispositions que nous avions proposées – et les mettre en place pleinement. La Commission continuera en tout cas, de son côté, à aider les États membres, à travers des réseaux dédiés de coopération en la matière, et nous veillerons également à inscrire ces problématiques au cœur de l’agenda des consommateurs pour la période 2025-2030, sous la responsabilité du commissaire McGrath.

    Ensuite, Monsieur le Président, après les biens, quelques mots sur les services. Là aussi, vous interpellez la Commission sur les risques persistants de fragmentation de notre marché. Il est vrai que la situation actuelle est loin d’être satisfaisante. Près de deux tiers des barrières qui existent aujourd’hui sont les barrières qui existaient il y a 20 ans et qui persistent encore aujourd’hui. En particulier, l’accès à près de 5 700 services réglementés est encore très entravé au niveau des États membres, tandis que l’hétérogénéité des régimes concernant les travailleurs détachés ou les saisonniers complique encore un peu plus les services et les investissements transfrontaliers. Nous devons y remédier une bonne fois pour toutes. C’est pour cela que nous proposerons des solutions concrètes pour faciliter le recrutement des travailleurs et la reconnaissance des compétences et des qualifications dans les professions réglementées. Elles s’inscriront dans l’initiative de la Commission pour la portabilité des compétences, qui sera publiée à la fin de l’année prochaine. Nous allons également privilégier une approche sectorielle dans les services pour être plus efficaces.

    Votre question orale évoquait également la protection des consommateurs, en particulier eu égard aux usages numériques. J’ai parlé de l’explosion du commerce en ligne, mais, vous le savez, nous avons également voté, lors de la dernière mandature, le règlement sur les services numériques (DSA). L’Union européenne s’est dotée d’un outil unique au monde qui responsabilise les plateformes. Nous disposons également d’un règlement sur les marchés numériques (DMA), qui permet au plus grand nombre d’acteurs, quelle que soit leur taille ou leur statut, d’entrer sur le marché, lequel était jusque-là verrouillé par ceux qu’on appelle les «gate keepers». La mise en œuvre du DSA et du DMA démarre à peine, mais nous continuons et continuerons à porter exactement la même ambition pour ces deux textes que lors de la mandature précédente. Ils seront mis en œuvre par les différentes directions de la Commission et sous la supervision d’Henna Virkkunen, responsable de ces questions-là.

    Madame la Rapporteure, Monsieur le Président, je voudrais terminer par un mot, puisque je l’évoquais également en introduction: lors de la présentation de la stratégie sur le marché unique, qui occupera une place essentielle dans nos débats vers la fin de l’année, ce sera l’occasion pour nous d’accorder également une place à la question de la simplification. C’est du reste pour cela que nous présenterons, le 21 mai, le quatrième train de mesures omnibus de simplification. Son objectif est assez clair: pour nous, il s’agit de libérer le potentiel de toutes les entreprises qui font et organisent le marché unique et qui y opèrent. Nous travaillons sur deux enjeux en particulier: la définition des petites entreprises à moyenne capitalisation, qui est très attendue par les parlementaires, et la numérisation des procédures administratives et la mise en conformité pour les produits entrant sur le marché. Je sais pouvoir compter sur l’approche constructive du Parlement européen pour faire avancer ce dossier rapidement. Je me réjouis de cette opportunité de pouvoir recueillir, lors de ce débat, vos suggestions et vos priorités.

     
       

     

      Andreas Schwab, im Namen der PPE-Fraktion. – Herr Präsident, Herr Kommissar, liebe Kolleginnen und Kollegen! Alle Jahre wieder kommt eine neue Binnenmarktstrategie, und häufig steht in der neuen genau das drin, was in der alten auch drinstand. Insofern freue ich mich, Herr Kommissar, dass Sie in Ihrer Analyse des Europäischen Binnenmarktes für Güter und Dienstleistungen doch einige erfrischende neue Analysepunkte aufgegriffen haben. Allerdings bleibt das Problem so, wie Sie es beschrieben haben, das gleiche: Viel europäische Rechtsetzung verliert sich in ihrem Geist in den Mitgliedstaaten. Deswegen wird es entscheidend darauf ankommen, dass die Mitgliedstaaten, gerade auch die großen wie Deutschland und Frankreich, ihrer Verantwortung gerecht werden.

    Und das Zweite ist, dass wir es uns nicht zu leicht machen dürfen, hier im Europäischen Parlament über die Zölle der Amerikaner zu lamentieren – die möglicherweise 10 Prozent weitere Hindernisse bedeuten –, aber gleichzeitig die 40 Prozent vergessen, die wir selber innerhalb des europäischen Marktes noch immer nicht beiseite geräumt haben. Deswegen ist es eine harte Arbeit, mit der Binnenmarktstrategie zu versuchen, konkrete Anknüpfungspunkte für eine Vereinfachung zu finden. Die Entsendung von Arbeitnehmern, die ja vor allem in den Grenzregionen ein großes Problem ist, haben Sie bereits mit einem Vorschlag angegangen. Wir müssen alles dafür tun, dass alle Mitgliedstaaten dabei mitmachen, weil ansonsten der Vorschlag nicht die gewünschte Wirkung mit sich bringt.

    Wir müssen die europäische Zollpolitik neu bewerten, weil wir mit einer einheitlichen Zollorganisation natürlich sehr viel effektiver gegen Temu und Shein vorgehen könnten, wenn wir den Tsunami der vielen kleinen Pakete aus Fernost bekämpfen wollen. Aber, Herr Kommissar, gemeinsam mit Ihrem für den Zoll zuständigen Kollegen arbeiten wir daran schon seit über 15 Jahren. Und die Mitgliedstaaten haben jedes Mal Schwierigkeiten bereitet, wenn es um mehr Vereinheitlichung gegangen wäre.

    Das Dritte ist: Natürlich ist es populär, im Digitalraum jetzt Forderungen aufzustellen. Aber der Kern, wo wir neues Wachstum in Europa recht einfach generieren können, bleibt der klassische Binnenmarkt für Güter und Dienstleistungen. Deswegen müssen wir dort unbedingt ran. Deswegen hoffe ich, dass Ihre Strategie uns neue Wege aufzeigt.

     
       

     

      Laura Ballarín Cereza, en nombre del Grupo S&D. – Señor presidente, señor vicepresidente, la semana pasada, en España, tuvimos un apagón que dejó al país sin luz, sin teléfono y sin transporte. Yo estuve allí y tuve suerte, pero millones de personas se quedaron sin conexión, caminando horas desde sus lugares de trabajo a sus casas. Y en esta situación de emergencia, empresas como Cabify, Uber o Bolt aumentaron los precios de sus servicios un 300 %. Esta es una nueva práctica comercial derivada de la economía digital llamada «precios dinámicos», que hemos querido recoger en la Resolución que hoy votamos.

    Este Parlamento pide a la Comisión Europea que proponga regulación para abordar este problema y proteger a los consumidores, especialmente en la futura Ley de Equidad Digital, que también tiene que proteger a los menores en línea, porque la simplificación no nos va a salvar de todos los males. Nosotros —los consumidores, las familias— esperamos leyes que nos protejan de los abusos de las grandes compañías tecnológicas.

     
       

     

      Klara Dostalova, za skupinu PfE. – Pane předsedající, kolegyně, kolegové, návrh usnesení slibuje řešení starých výzev a nových obchodních postupů, ale zatím zůstává u prázdných slov. A právě to je dnes bohužel typické pro přístup Komise ke všemu, co vzejde z Parlamentu – skvělé slogany, málo výsledků. Ano, oceňuji důraz na snižování administrativní zátěže a podporu malých podnikatelů. Ano, naše spotřebitelské právo je silné, ale Komise opět ukazuje, že slyší jen to, co chce slyšet. Ochrana spotřebitelů je sice důležitá, ale v realitě dnes lidé čelí dramatickému růstu životních nákladů a nejsou schopni naplnit ani základní potřeby. A co na to Komise? Nic. Ani zmínka o tom, že přemrštěné ekologické ambice je potřeba přehodnotit. V tomto ohledu Komise zcela selhává.

    A Ukrajina? Její začlenění na jednotný trh je vydáváno za politický triumf. Ale nikdo se vážně neptá: Jakou cenu za to zaplatíme? Zavírání očí před rozdílnými standardy a problémy zničí rovné podmínky pro naše podniky. Pokud má jednotný trh fungovat, potřebujeme méně ideologických experimentů a víc zdravého rozumu. Komise musí přestat přehlížet realitu a začít chránit to, na čem Evropanům skutečně záleží – férové pracovní podmínky, konkurenceschopné firmy a dostupné bydlení. Slova nestačí. Potřebujeme činy a odvahu přiznat si, kde Komise opakovaně selhává.

     
       

     

      Stefano Cavedagna, a nome del gruppo ECR. – Signor Presidente, signor Commissario, onorevoli colleghi, mentre qui a livello parlamentare si parla troppo spesso di dazi, si parla di imposizioni sull’import, si parla tantissimo di Green Deal, si parla di tanti agenti extra mercato europeo, ci dimentichiamo di quello che noi siamo e di quello che dobbiamo essere. E purtroppo i dati sono molto chiari.

    Mentre il resto del mondo cresce, l’Europa è sostanzialmente ferma in stagnazione economica. Va avanti grazie solo ad alcuni Paesi, tra i quali l’Italia, ma la crescita è comunque modesta, generalizzata nel nostro continente.

    Vogliamo meno burocrazia, vogliamo una migliore semplificazione, vogliamo lasciare le imprese europee libere di poter lavorare e di poter competere ad armi pari con il resto del mondo. E sono sicuro che lo faremo al meglio.

    Chiediamo anche un grande investimento in termini di intelligenza artificiale, con delle vere e proprie infrastrutture europee che ci permettano di non dipendere dall’altra parte dell’oceano o dall’Oriente che troppo spesso è più un pericolo che una risorsa.

     
       

     

      Svenja Hahn, im Namen der Renew-Fraktion. – Herr Präsident, liebe Kolleginnen und Kollegen! In geopolitisch unsicheren Zeiten müssen wir unseren Binnenmarkt radikal ausbauen. Unsere wirtschaftliche Stärke macht uns erst zu einem attraktiven Partner. Und wenn Partner wie die USA eben nicht mehr verlässlich sind, müssen wir unseren Heimatmarkt attraktiver machen, auch für unsere eigenen Unternehmen. Es muss endlich Schluss sein mit dieser regulatorischen Kleinstaaterei – ein Produkt, eine Dienstleistung, ein Markt nach denselben Regeln.

    Wir müssen rigoros Bürokratie abbauen, alle Binnenmarktgesetze auf den Prüfstand stellen. Und ich möchte vor allen Dingen daran erinnern: Wettbewerbsfähigkeit kommt von Wettbewerb. Ich bin ein bisschen skeptisch gegenüber unverhältnismäßigen staatlichen Eingriffen wie bei Leitmärkten. Das ist kein Garant, dass sich am Ende das beste Produkt zum besten Preis durchsetzt, sondern eben das politisch gewollte Produkt. Und ich baue wirklich auf die Kommission und Kommissar Séjourné, dass Sie den Mut haben, den Binnenmarkt groß zu machen. Denken Sie die Strategie groß, doktern Sie nicht nur an Kleinigkeiten herum. Wir müssen unseren Binnenmarkt jetzt stärken, damit wir in der Welt stärker werden. Andersrum gilt: Wer jetzt den Binnenmarkt nicht stärkt, schwächt uns in der Welt.

     
       


     

      Hanna Gedin, för The Left gruppen. – Herr talman! Ibland undrar jag om vi lever i samma verklighet. Frågar man kommissionen eller EPP eller högern i mitt hemland om vad som hotar EU:s ekonomi, så får man höra att miljökraven är för höga för företagen, att det är för svårt att konkurrensutsätta offentlig sektor, att det behövs färre regler och fler avregleringar. Men jag ser en helt annan verklighet.

    Jag ser människor som knappt får lönen att räcka till mat, jag ser arbetare som tvingas flytta från land till land, från gig till gig i en marknad där trygghet ses som hinder för flexibilitet. Jag ser en inre marknad som snarare än att lyfta villkoren för alla driver ett race to the bottom: på löner, arbetsrätt, välfärd och miljö.

    Det vi debatterar i dag genomsyras av samma logik. Färre hinder, snabbare upphandlingar, mer flexibilitet, mindre demokratiskt inflytande – allt för marknaden. Men vad händer när vi river regler för företagen? Vi river också ofta skydd för människor. Vi river regler som finns där för att trygga vår vardag, för att säkra schysta arbetsvillkor, för att bevara vår miljö och för att hålla demokratin levande.

    Vi i vänstern vill säga att det här är fel väg. Vi behöver inte färre regler, vi behöver rätt regler: regler som skyddar människor, inte vinstmarginaler, regler som sätter klimat, jämlikhet och trygghet över marknadslogik. För det är inte vi som är orealistiska – det är den blinda tron på avreglering som är det verkliga hotet mot framtiden.

     
       

     

      Pablo Arias Echeverría (PPE). – Señor presidente, señor comisario, en 2023 celebramos el trigésimo aniversario del mercado único. La construcción de esta Unión de libre circulación de bienes, servicios, capitales y personas refleja los valores y principios que compartimos; un proyecto que se ha convertido en el faro que guía la economía de la Unión Europea.

    Pero también existen sombras —sombras que debemos disipar—. Draghi y Letta lo han dejado muy claro: buscamos ser competitivos, sí, pero tenemos un mercado fragmentado. Buscamos ser innovadores, sí, pero ponemos trabas a nuestras pymes, start-upsscale-ups, y dejamos que el talento se nos escape. Buscamos liderazgo, sí, pero ponemos cargas administrativas que ralentizan el crecimiento de nuestras empresas. Buscamos un mercado único, sí, pero nos encontramos con un exceso de normas desiguales en ese mismo mercado y proteccionismos nacionales.

    Lo que antes era capaz de aguantar nuestro mercado, hoy se antoja imposible. La coyuntura actual a nivel global nos exige abordar estas sombras con diligencia y determinación. La tarea no es sencilla: simplificación, menos burocracia, facilidades para financiar iniciativas digitales privadas, innovación, retención y atracción de talento. Necesitamos menos normas, pero iguales para todo el mercado, con el mismo nivel de garantías y protección. En definitiva, más seguridad jurídica.

    Los Estados miembros y las instituciones europeas tenemos que tener la suficiente altura de miras para abordar estas reformas estructurales, porque no nos jugamos mucho; probablemente, nos lo jugamos todo, señor comisario.

    Cuando todos dimos la bienvenida a los informes Letta y Draghi, ¿era solo una foto o era un compromiso? En el caso del Partido Popular, se lo aseguro: un compromiso. Espero que también lo sea para la Comisión y para el Consejo.

     
       

     

      Alex Agius Saliba (S&D). – Sur President, Is-suq uniku Ewropew jibqa’ wieħed mill-aktar elementi importanti fil-proġett Ewropew għaċ-ċittadini tagħna. Però huwa importanti li dan is-suq jibqa’ jevolvi, ir-regoli tiegħu jibqgħu jevolvu, sabiex fl-aħħar mill-aħħar naraw illi r-realtajiet tal-iktar Stati Membri li jinsabu fil-fruntiera, il-gżejjer, dawn l-istess regoli jkunu qegħdin jaħdmu favur tagħhom ukoll.

    U hawnhekk nixtieq nitkellem ukoll fuq realtajiet partikolari differenti li Stati Membri żgħar bħal Malta qegħdin jaffaċċjaw, b’mod speċjali minħabba żidiet fil-prezzijiet, inflazzjoni tal-aktar prodotti essenzjali f’dan is-suq komuni. U allura huwa importanti li naraw li jkollna aktar flessibilità fejn jidħlu r-regolamenti tas-suq uniku Ewropew sabiex jaraw illi Stati Membri żgħar u gżejjer ikunu fl-aħħar mill-aħħar jistgħu jibbenefikaw minn dan id-dritt, id-dritt tal-moviment u l-libertà tal-moviment għall-prodotti u s-servizzi, kif fl-aħħar mill-aħħar jibbenefikaw pajjiżi ferm ikbar minna.

    Imma fl-aħħar mill-aħħar ukoll huwa essenzjali li naraw illi jkollna regoli aktar stretti fejn jidħol ukoll l-importazzjoni tal-prodotti barra mill-Unjoni Ewropea. F’suq fejn qed imur aktar fuq bażi online milli fil-ħwienet tradizzjonali huwa importanti li naraw illi jkollna l-istess tip ta’ regoli u l-istess tip ta’ drittijiet għall-konsumaturi li jixtru fuq bażi online u dawk illi jixtru fuq bażi offline.

    Imma dan ma nistgħu nagħmluh qatt billi ngħabbu b’aktar piżijiet, speċjalment piżijiet finanzjarji, lill-konsumaturi tagħna.

     
       


     

      Kamila Gasiuk-Pihowicz (PPE). – Mr President, Commissioner, dear colleagues, the internal market is one of our greatest achievements and yet our businesses and our consumers still face barriers, are confronted with unpredictable legislative changes and a lack of consistency in the implementation of our single market rules.

    We need to simplify our rules we currently have in place, making sure that we keep those that protect consumers and entrepreneurs, but remove those that create excessive burdens. It is not enough to cut norms on paper, to delay them or to simply exempt certain categories. We need to change them in substance in order to make them easier to comply with.

    Online, our businesses face the challenge of complying with all these norms while foreign traders, especially from Asia, China ignore our rules and yet face little or no consequences at all. This is not a fair situation.

    The Commission is currently working on a new Digital Fairness Act (DFA). Before this is presented, the Commission should present a plan to cut unnecessary norms and only then legislate, in a very targeted manner. The next DFA cannot be another DSA. Businesses and consumers need predictability and a level playing field through the enforcement of existing norms.

     
       


     

      Elisabeth Dieringer (PfE). – Herr Präsident, sehr geehrte Damen und Herren! Wieder einmal erleben wir, wie die EU mit ihrem Entschließungsantrag zum Binnenmarkt große Worte schwingt, aber an den eigentlichen Problemen unserer Wirtschaft und unserer Bürger vorbeigeht. Seit Jahren hören wir Versprechen über Bürokratieabbau und weniger Belastung für unsere Unternehmen. Doch die Realität sieht anders aus: immer neue Vorschriften, immer mehr Regulierung, immer weniger Freiheit für unsere heimischen Betriebe.

    Der Binnenmarkt soll ein Motor für Wohlstand und Wachstum sein, doch stattdessen werden unsere kleinen und mittleren Unternehmen durch eine zu große Anzahl an EU‑Regeln und Berichtsanforderungen ausgebremst. Die Kommission redet von Innovation und Wettbewerbsfähigkeit. Aber in Wahrheit profitieren vor allem die Großkonzerne, während unsere regionalen Betriebe mit immer neuen Hürden kämpfen müssen. Wir fordern: Schluss mit der Überregulierung und den realitätsfernen Vorgaben aus Brüssel! Der Binnenmarkt muss endlich wieder den Menschen und Unternehmen dienen, die hier arbeiten und Steuern zahlen, nicht den Interessen globaler Konzerne oder den ideologischen Träumereien einer EU‑Elite. Weniger Bürokratie, mehr Eigenverantwortung und echte Wettbewerbsfähigkeit – das ist unser Weg für einen starken Binnenmarkt.

    (Die Rednerin ist damit einverstanden, auf eine Frage nach dem Verfahren der „blauen Karte“ zu antworten.)

     
       



     

      Tomislav Sokol (PPE). – Poštovani predsjedavajući, povjereniče, kolegice i kolege, Draghijevo izvješće jasno je pokazalo da troškovi koji proizlaze iz prevelikog broja propisa, kako europskih tako i nacionalnih, i dalje su vrlo visoki za europska poduzeća. To regulatorno opterećenje i fragmentacija posebno opterećuju mala i srednja poduzeća, koče inovacije i slabe našu konkurentnost na globalnoj razini.

    Prošlo je više od četiri godine otkako sam kao izvjestitelj Kluba EPP‑a za usluge na jedinstvenom tržištu upozoravao na prepreke slobodnom kretanju usluga. Nažalost, uslužni sektor koji zapošljava dvije trećine radne snage i stvara 9 od 10 novih radnih mjesta i dalje ostaje najslabije razvijen dio jedinstvenog tržišta. To je nedopustivo jer propuštamo priliku za rast, zapošljavanje i globalnu konkurentnost. Stoga je krajnje vrijeme da uklonimo preostale prepreke i taj golemi gospodarski potencijal pretvorimo u nova radna mjesta, veće ulaganje i gospodarski rast Unije.

    Bez pravog jedinstvenog tržišta nećemo se moći natjecati s globalnim konkurentima, a posebno je važno osiguravanje poštene tržišne utakmice. Karteli multinacionalnih kompanija koji održavaju visoke cijene hrane i drugih proizvoda apsolutno su nedopustivi. Također, implementacija Zakona o digitalnim tržištima, kojim će se stati na kraj zlouporabama od strane digitalnih divova, mora biti prioritet. Osim toga, u uvjetima brutalne globalne kompeticije, davanje prednosti europskim proizvodima i uslugama sasvim je legitimna opcija za zaštitu naših interesa.

    Na kraju, moramo zaštititi potrošače od nekvalitetnih i često opasnih proizvoda kupljenih preko interneta iz trećih država. Digitalne platforme moraju snositi odgovornost za štetu koju takvi proizvodi nanesu kupcima. Jedino tako ćemo ih natjerati da ozbiljno kontroliraju što se preko njih prodaje i zaštititi naše potrošače.

     
       

     

      Pierre Jouvet (S&D). – Monsieur le Président, Monsieur le Commissaire, envoyer un colis de Pékin à Strasbourg coûte moins cher qu’affranchir une carte postale pour écrire dans son propre pays.

    En 2024, 4,6 milliards de paquets expédiés par Temu, Shein ou AliExpress sont entrés en Europe: c’est 300 % d’augmentation en quatre ans. Ces produits sont fabriqués à perte puis expédiés grâce aux subventions publiques. Leurs producteurs détruisent la planète et pratiquent aussi l’esclavage moderne. Comble de l’absurdité et de l’hypocrisie, et signe aussi de notre complicité, ces colis d’une valeur de moins de 150 euros sont exonérés de droits de douane.

    Ces colis sont un poison lent qui tue notre planète, notre économie et nos emplois. Camaïeu, ChaussExpo, Casa, Jennifer: combien d’autres PME encore allons-nous laisser disparaître? Ces petits colis sont un grand poison et nous devons, en Europe, sortir de cette naïveté, changer nos règles douanières et assumer de protéger nos consommateurs, nos entreprises et nos emplois.

     
       

     

      Zala Tomašič (PPE). – Gospod predsednik. Leta 2023 je bilo na dnevni ravni približno 12 milijonov spletnih naročil z evropskega trga v tretje države, od tega 91 % iz Kitajske. Ko pogledamo te številke, je logično, da naši cariniki ne morejo kontrolirati vsega. Vemo tudi, da velikokrat izdelki iz Kitajske ne dosegajo evropskih standardov.

    Jaz verjamem v prosti trg in verjamem, da regulacija oziroma več regulacije ni odgovor na vse. Kot tudi ni odgovor na vse pritisk na naše platforme za težave, ki so povzročene drugje, posebej v državah, kjer imamo probleme z zagotavljanjem legitimnosti certifikatov.

    Mislim, da moramo nazaj prinesti tudi osebno odgovornost vseh nas potrošnikov in se moramo zavedati, da s tem, ko naročamo s kitajskih platform, ne škodimo le evropejski industriji, ampak tudi na koncu samemu sebi in našemu zdravju. Poleg tega pa tudi rabimo na evropski ravni rešitev glede vprašanja vplivnežev, a da bo to poenoteno in da bo tudi priznan njihov status kot ustvarjalcev vsebin, in ne le kot oglaševalcev.

     
       

     

      Δημήτρης Τσιόδρας (PPE). – Κύριε Πρόεδρε, κύριε Αντιπρόεδρε της Επιτροπής, τα εμπόδια εντός της ενιαίας αγοράς της Ευρωπαϊκής Ένωσης ισοδυναμούν με δασμούς 45% για τη μεταποίηση και 110% για τις υπηρεσίες. Οι αριθμοί είναι αποκαλυπτικοί και μας υπενθυμίζουν σε ποια κατεύθυνση πρέπει να κινηθούμε.

    Για αυτό τον λόγο χαίρομαι, γιατί το ψήφισμα που έχουμε στα χέρια μας κάνει συγκεκριμένη αναφορά στους γεωγραφικούς και εδαφικούς περιορισμούς, οι οποίοι συρρικνώνουν την αγοραστική δύναμη των Ευρωπαίων πολιτών και πλήττουν τις μικρομεσαίες επιχειρήσεις. Είναι ένα θέμα που πολλοί συνάδελφοι έχουμε επισημάνει, ζητώντας μέτρα. Είναι απαράδεκτο, σε μια ενιαία αγορά, ορισμένες πολυεθνικές εταιρείες να εκμεταλλεύονται τη θέση τους προκειμένου να χρεώνουν εξαιρετικά διαφορετικές τιμές για ίδια προϊόντα, ανάλογα με το μέγεθος της αγοράς και εις βάρος των καταναλωτών. Ενόψει και της στρατηγικής για την ενιαία αγορά, αναμένουμε τη νομοθετική πρόταση για να βάλουμε τέλος σε αυτές τις πρακτικές.

    Δεύτερον, χρειάζονται ακόμα πιο φιλόδοξα μέτρα για την απλοποίηση των κανόνων και τη μείωση του διοικητικού φόρτου που αντιμετωπίζουν οι μικρομεσαίες επιχειρήσεις. Η μείωση της γραφειοκρατίας κατά 35% είναι αδήριτη ανάγκη να επιτευχθεί.

    Τρίτον, παρά το γεγονός ότι η Ένωση έχει το πιο στιβαρό πλαίσιο προστασίας των καταναλωτών, μόνο το 28% έχει καλή γνώση των δικαιωμάτων του.

    Και, τέλος, χρειαζόμαστε ενίσχυση της εφαρμογής του ψηφιακού νομοθετικού πλαισίου με συντονισμένους ελέγχους από τις αρμόδιες υπηρεσίες και καλύτερη συνεργασία μεταξύ τους, για να διασφαλίσουμε ότι η νομοθεσία εφαρμόζεται στην πράξη.

     
       

     

      Regina Doherty (PPE). – Mr President, Commissioner, when it comes to commercial practices, online is the only show in town. But when it comes to consumer fraud, online spaces still remain a Wild West. We need all actors on board to ensure that we have a shared responsibility. Because today, citizens in Europe are subject to fake advertising and online scams on a near daily basis, often via social media platforms.

    Our own Irish Data Protection Commission has already issued over EUR 3.5 billion worth of fines, as well as corrective measures. But it’s all too easy to put fake advertisements purporting to be from regulated institutions online, and for unsuspecting citizens to be scammed out of their own money before the advert just simply disappears. Three in every four Irish people have encountered some form of suspicious activity online, whilst 45 % of Europeans stated they have experienced more suspicious activity compared with last year.

    We know that such incidents are hard to track and almost impossible to reverse after they happen. The Digital Services Act obliges platforms to take down illegal content once it has been reported. However, it creates few proactive obligations prior to publication or even reporting by individuals. So we need to look at ways to ensure that electronic communications providers verify with national competent authorities that advertisements purporting to be from regulated entities are, in fact, legitimate, so that we can protect our people and their hard earnings.

     
       

       

    Catch-the-eye procedure

     
       

     

      Vytenis Povilas Andriukaitis (S&D). – Mr President, dear Commissioner, you rightly mentioned that we are still 20 years speaking about the same problems. But now the digital union is not completed. The energy union is not completed. I know our railway infrastructure is in difficulties, and when we are speaking about the necessity to do something more, first of all, we need to stress very much that we need to develop pan‑European infrastructures in digital, in energy, in transport.

    And, of course, also Letta rightly mentioned the ‘fifth freedom’: freedom for research, investment and innovation. But it requires also infrastructure in our research and innovations. It means the life sciences strategy should be connected with the internal market strategy hand in hand, otherwise we can lose once again competitiveness, investment and progress. Made in Europe requires more integration.

     
       





       

    (End of catch-the-eye procedure)

    Written Statements (Rule 178)

     
       

     

      Stéphane Séjourné, Vice-président exécutif de la Commission. – Monsieur le Président, Monsieur Sieper, je suis désolé, je vais parler français, mais je crois que vous avez la traduction.

    Je vais peut-être vous donner quelques convictions suite à ce débat. D’abord, une conviction, c’est que nous ne pouvons pas regarder notre stratégie du marché intérieur en silos, comme cela s’est probablement beaucoup fait lors des dernières mandatures.

    Au vu du contexte international que nous connaissons, un nouvel équilibre économique est à trouver. Il s’agit à la fois d’œuvrer pour plus de marché intérieur et donc, je le répète, d’aller plus loin en ce qui concerne les biens et les services ou l’union des marchés des capitaux, d’organiser et de faciliter les déplacements des biens et des services plus largement, de retirer les barrières qui contraignent notamment la circulation des marchandises et des biens, dans le cadre de nos travaux et des compétences de l’Union européenne.

    Il s’agit aussi de travailler, au niveau national, sur les différences de réglementations qui créent des contraintes et – je crois que l’un de vous l’a expliqué assez justement – sur l’équivalent en droits de douane des différentes réglementations nationales, puisqu’il est d’actualité de parler en termes d’équivalent en droits de douane et que cela montre qu’il est urgent que nous agissions. 40 à 50 % de droits de douane sur les biens, plus de 100 % sur les services: je vois le coût que cela peut engendrer pour une entreprise de produire dans un pays européen et de commercialiser dans un autre. Le paradoxe de la situation, c’est qu’il est probablement plus rentable aujourd’hui de produire en Chine et d’exporter un petit colis vers les pays européens que de mettre en place toute la réglementation européenne pour commercialiser depuis la France, l’Allemagne, la Pologne ou l’Italie. C’est ce que nous devons régler dans les prochains mois.

    En parallèle, il faut protéger les frontières commerciales extérieures de l’Union européenne et donc avancer sur la réforme douanière. Elle est aujourd’hui bloquée au Conseil et les États membres doivent avancer, je l’ai dit en introduction de ce débat. Je consacrerai beaucoup de capital politique à ce que la réforme des douanes puisse progresser au même rythme que notre réforme et notre stratégie sur le marché intérieur. D’un côté, libéralisation et rupture des barrières restantes sur le marché intérieur, de l’autre, protection des frontières européennes en ce qui concerne l’e-commerce, notamment en avançant sur la question du contrôle. Je pense que c’est le bon équilibre qu’il faut pouvoir trouver collectivement dans cette maison.

    Un autre équilibre – le dernier, j’en resterai là – auquel travailler également dans les prochains mois et les prochaines semaines concerne les nouveaux accords commerciaux et la diversification que nous devons opérer alors que le monde est de plus en plus protectionniste. Oui, des accords avec de nouveaux pays, portant sur des secteurs particuliers, doivent être trouvés. La présidente de la Commission s’emploie, avec mon collègue Maroš Šefčovič, à trouver de nouveaux débouchés pour nos industries et nos entreprises à l’extérieur de l’Union européenne, à condition que nous puissions opérer une préférence européenne et donc choisir le «made in Europe» dans un certain nombre de secteurs stratégiques.

    Pour résumer, voilà, en quelque sorte, notre nouvel équilibre, qu’il faut que nous puissions trouver entre nous, collectivement: à la fois l’approfondissement du marché intérieur, la protection des frontières extérieures par rapport au e-commerce, pour protéger notre marché, et la diversification des accords commerciaux, alors que le commerce devient de plus en plus compliqué et que la guerre tarifaire et la guerre douanière entre la Chine et les États-Unis peuvent avoir un impact important sur notre économie, en contrepartie d’une préférence européenne sur un certain nombre d’achats publics. Vous aurez notamment, dans ce cadre-là, à travailler sur la réforme des marchés publics que la Commission présentera dans les prochains mois.

    Je remercie le Parlement, particulièrement la présidente Cavazzini, pour cette discussion et, encore une fois, je reviendrai parmi vous pour présenter très officiellement la stratégie de la Commission sur le marché intérieur, le 21 mai, à Bruxelles.

     
       


     

     

      Vasile Dîncu (S&D), în scris. – Piața internă europeană trebuie să servească oamenilor, nu invers. Dincolo de eficiență și competitivitate, trebuie să evaluăm cine câștigă și cine pierde în acest model economic.

    Trei provocări majore amenință să adâncească fragmentările sociale și economice dintre cetățenii europeni:

    1. fragmentarea digitală: platformele digitale domină piața, dar beneficiile sunt distribuite inegal. IMM-urile din estul Europei, cetățenii din zone rurale sau periferice sunt adesea excluși. Aplicarea fermă a DSA și DMA este necesară pentru o piață digitală incluzivă – unde toți au acces la oportunități.

    2. tranziția verde și riscul de a produce o Europă cu două viteze: Pactul Verde este necesar, dar aplicarea sa trebuie adaptată. Regiunile industriale care încă se recuperează după tranziția post-comunistă (Valea Jiului, zone monoindustriale din România, Bulgaria, Polonia) necesită sprijin specific, direcționat și just. Nu putem cere aceleași sacrificii de la cei care au mai puține resurse.

    3. drepturile lucrătorilor în economia digitală: prea mulți europeni trăiesc în precaritate – livratori, freelanceri algoritmizați, angajați temporari. Drepturile fundamentale – salariu decent, protecție socială, stabilitate – trebuie garantate și în economia digitală.

    Avem nevoie de o piață internă bazată pe echitate, solidaritate și demnitate umană. Este timpul pentru mai multă politică și mai puțină tehnocrație. Avem nevoie de curaj.

     
       

       

    (The sitting was suspended at 11:51)

     
       

       

    IN THE CHAIR: JAVI LÓPEZ
    Vice-President

     

    6. Resumption of the sitting

       

    (The sitting resumed at 12:04)

     
       


     

      René Aust (ESN). – Herr Präsident, meine sehr geehrten Damen und Herren! Letzte Woche, am 30. April, kam es im Paul‑Henri‑Spaak‑Gebäude vor den Büros unserer Mitarbeiter zu massiven Lärmbelästigungen und auch Drohungen gegenüber einem unserer Mitarbeiter. Gegen 18.00 Uhr hat eine große Gruppe von Besuchern der Linken, unterstützt von akkreditierten Assistenten und Mitarbeitern der Linken, eine Art Demonstration durchgeführt und abgehalten. Die Besucher, oder besser gesagt die Aktivisten, wanderten dann die Treppen nach oben Richtung Ausgang und haben dabei noch eine EU‑Flagge, die auf dem Ehrentisch mit dem Bild und dem Gedenkbuch für den verstorbenen Papst aufgestellt war, heruntergerissen und die Treppe hinuntergeworfen. Einer unserer Mitarbeiter, der die Aktivisten um Ruhe bat, wurde von einer Demonstrantin mit den Worten „Du wirst sterben!“ sogar mit dem Tode bedroht.

    Sehr geehrter Herr Präsident! So ein Verhalten ist völlig inakzeptabel und hat in unserem Haus nichts zu suchen. Ich ersuche Sie sicherzustellen, dass solche Aktionen künftig unterbunden werden und die Sicherheit aller Mitarbeiter und ein normales Arbeitsklima zu jedem Zeitpunkt gewährleistet sind.

     
       

     

      President. – Thank you very much. The President is aware about the incident. We will inform about the point of order. The services of the House will draw up a report and she will follow up.

    We have no more points of order.

     

    7. Voting time

     

      President. – The next item is the vote.

     

     

      President. – The first vote is on the joint motion for a resolution tabled by five groups on the arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania (see minutes, item 7.1).

     

     

      President. – The next vote is on the joint motion for a resolution tabled by five groups on the return of Ukrainian children forcibly transferred and deported by Russia (see minutes, item 7.2).

     


       

    – Before the vote on the motion for a resolution:

     
       



       

    (Parliament did not agree to put the oral amendment to the vote)

     

    7.4. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas) (vote)

     

      President. – The next vote is on the ninth report on economic and social cohesion (see minutes, item 7.4).

     

    7.5. CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027 (vote)

     

      President. – The next vote is on CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027 (see minutes, item 7.5).

     

    7.6. The protection status of the wolf (Canis lupus) (vote)

     

      President. – The next vote is on the protection status of the wolf (Canis lupus) (see minutes, item 7.6).

     

    7.7. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka) (vote)



       

    (Parliament approved the request for referral back to committee)

     

    7.8. Screening of foreign investments in the Union (A10-0061/2025 – Raphaël Glucksmann) (vote)



       

    (Parliament approved the request for referral back to committee)

     

    7.9. Suspending certain parts of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union (A10-0059/2025 – Karin Karlsbro) (vote)


     

      Hans Neuhoff, im Namen der ESN-Fraktion. – Herr Präsident, geschätzte Kolleginnen und Kollegen! Ich beantrage gemäß Artikel 206 Absatz 4 der Geschäftsordnung die Vertagung der Abstimmung über diesen Punkt der Tagesordnung. Gestatten Sie mir zur Begründung wenige Worte: Solidarität mit Drittstaaten darf nicht zur Selbstaufgabe Europas werden. Unsere Unternehmen, vom industriellen Mittelstand über die Landwirtschaft bis hin zu großen industriellen Arbeitgebern, spüren die Folgen einer Handelspolitik, die einseitig auf die Ukraine ausgerichtet ist. Dumpingimporte gefährden nicht nur einzelne Branchen wie die Stahlrohrhersteller. Sie treffen die gesamte europäische Wertschöpfungskette, von den Grundstoffindustrien bis zu den weiterverarbeitenden Sektoren und Zulieferern.

    Diese Politik gefährdet Arbeitsplätze und Existenzen in ganz Europa – auch in der Landwirtschaft, auch im verarbeitenden Gewerbe. Wer heute für die weitere Aussetzung der Schutzmaßnahmen stimmt, entscheidet sich nicht nur gegen faire Wettbewerbsbedingungen, sondern auch gegen Menschen in unseren Regionen, die für Wohlstand und …

    (Der Präsident entzieht dem Redner das Wort.)

     
       



       

    (Le Parlement rejette la demande)

     
       

       

    – Before the vote:

     
       


       

    – Before the vote:

     
       

     

      Costas Kadis, Member of the Commission. – Mr President, honourable Members, the European Commission would like to make the following statement before the vote:

    “Should the Commission consider that extending the suspension of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union beyond 5 June 2028 is warranted in view of the situation at that point of time, the Commission will endeavour to submit to the European Parliament and the Council any proposal to that effect not later than nine months before the end of the application of this Regulation.”

    I would like also to clarify two very separate issues: namely the suspension of the general safeguard regulation or under its other name, the common rules for imports regulation, and the Article 29 consultation process.

    Regarding the draft Regulation that is being submitted to the vote now, I would like to clarify that once adopted, it would suspend the application of the basic safeguard regulation to imports of goods from Ukraine. While the suspension of the general safeguard regulation is of general nature, currently there is only one safeguard measure for steel products that would be affected by the suspension. Suspending the general safeguard regulation was technically the only way to suspend the application of the steel safeguard measure concerning Ukraine.

    Trade in agricultural products is being discussed in a separate framework, namely the Article 29 consultation process with Ukraine.

    To conclude, today’s draft regulation has no implication for the Article 29 process.

     

    7.10. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters) (vote)


       

    – Before the vote on Amendment 1:

     
       

     

      Majdouline Sbai (Verts/ALE). – Monsieur le Président, il y a urgence: il faut sauver l’acier européen! Le directeur d’ArcelorMittal a annoncé que tous les sites sidérurgiques en Europe étaient menacés. La France risque de perdre l’ensemble de ses hauts-fourneaux. Comme l’a fait le Royaume-Uni, nous devons réagir vite. C’est pourquoi je vous propose l’amendement suivant au paragraphe 8 du rapport que nous votons:

    «le Parlement exprime sa profonde désapprobation face à la décision du groupe ArcelorMittal de supprimer jusqu’à 1 400 emplois en Europe occidentale, dont près de la moitié en France; souligne que le groupe a réalisé un bénéfice de 1,3 milliard d’euros et versé plus de 1,5 milliard d’euros à ses actionnaires en 2024; demande à la Commission et aux États membres de prendre des mesures pour que les entreprises bénéficiant d’aides publiques ne puissent pas, comme le fait ArcelorMittal, fermer des sites industriels, élaborer des plans de licenciement, délocaliser leurs activités, verser des dividendes à leurs actionnaires et renoncer à leurs objectifs de transition écologique; demande au gouvernement français de prendre toutes les mesures en son pouvoir pour protéger les travailleurs et préserver la sidérurgie en tant qu’industrie stratégique;»

     
       

       

    (Parliament agreed to put the oral amendment to the vote)

     

    7.11. Banking Union – annual report 2024 (A10-0044/2025 – Ralf Seekatz) (vote)

     

      President. – The next vote is on the banking union – annual report 2024 (see minutes, item 7.11).

     

    7.12. Objection pursuant to Rule 115(2) and (3): genetically modified soybean MON 87705 × MON 87708 × MON 89788 (B10-0244/2025) (vote)

     

      President. – The next vote is on the objection pursuant to Rule 115(2) and (3): genetically modified soybean MON 87705×MON 87708×MON 89788 (see minutes, item 7.12).

     

    8. Resumption of the sitting

       

    (Posiedzenie zostało wznowione o godz. 15.00)

     

    9. Approval of the minutes of the previous sitting

     

      Przewodnicząca. – Protokół wczorajszego posiedzenia oraz teksty przyjęte są już dostępne.

    Czy są jakieś uwagi? Nie widzę.

    Protokół został przyjęty.

     

    10. EU action on treating and preventing diseases such as cancer, cardiovascular neurological diseases and measles (debate)


     

      Costas Kadis, Member of the Commission. – Madam President, honourable Members of the European Parliament, in a strong European Health Union we should work to protect EU citizens from diseases, promote healthy living and foster innovation that supports these goals. The Commission is committed to delivering a European Health Union that helps improve the health of all our citizens, no matter where they live in the European Union.

    Cardiovascular diseases are the leading cause of death in the EU. Many of these deaths are premature. In the EU, 24 % of deaths among men before the age of 65 and 17 % of deaths among women before the age of 65 are due to cardiovascular diseases. Cardiovascular diseases and neurological disorders share common risk factors such as hypertension, diabetes, smoking and obesity.

    Vascular dementia is the second most common type of dementia, accounting for around 15-20 % of dementia cases in Europe. The Commission has started work on an ambitious and robust EU cardiovascular health plan. It will draw inspiration from the success of Europe’s Beating Cancer plan. Like the cancer plan, we will look at addressing key issues like prevention, early detection and screening, and treatment and care. We see a key role for innovative and personalised tools, including the European health data space, as well as new technologies like digital technologies and artificial intelligence. The cardiovascular plan will also build on existing efforts, in particular the Healthcare Together initiative, which helps Member States and stakeholders take action on non-communicable diseases.

    The second leading cause of death in the EU is cancer. The cancer plan was adopted in 2021, backed by significant EU funding. We published a review of the cancer plan in February which showed that 90 % of its actions have either been concluded or are ongoing in the area of prevention. This includes the Council recommendation on vaccine‑preventable cancers. This aims to encourage higher uptake of vaccinations against HPV and hepatitis B.

    Moreover, the Council recommendation on smoke- and aerosol‑free environments is a step towards a tobacco‑free generation by 2040. To build on this, we will evaluate and revise the EU’s tobacco legislation to enable every cancer patient to access high quality diagnosis and treatment. Member States will this year set up an EU network of comprehensive cancer centres under a joint action funded with EUR 90 million.

    The European Health Union is also about tackling infectious diseases. Measles is a serious disease and highly contagious. The recent spike in measles cases in Europe has already caused several deaths in Romania this year, yet measles can be avoided through vaccination. The outbreaks experienced by some Member States over the last 12 months can be linked to vaccination coverage below recommended levels, so I encourage everyone to ensure that they and their families are protected against this life‑threatening disease. The Commission will continue to work with Member States to improve vaccination coverage. We will also promote robust vaccination programmes and secure supplies of vaccines in the EU.

    As we build our European Health Union, we should put innovation at its heart. One promising avenue is biotechnology. Biotechnology could help us to better identify diseases, step up prevention, develop new, increasingly personalised medicines and provide new ways to develop, test and administer treatments. But the EU is not yet making the most of biotech. EU companies are not competitive enough and face too many barriers when it comes to turning ideas into products. This is why the Commission will propose a European Biotech Act. It will help companies bring products from the lab to the factory and onto the market.

    The Biotech Act will complement the ongoing revision of the pharmaceutical legislation. This already includes many measures to streamline and modernise the regulatory framework for medicines, especially for breakthrough therapies. Innovation will be a driving principle of the upcoming targeted review of the Medical Devices Regulation. The new rules will be more fit for the purpose. They will deliver medical devices to the patients in a more timely manner, and will create a more competitive environment for our industries.

    On breakthrough technologies, we have adopted regulatory pathways to quickly reach patients, especially children and rare‑disease patients, without compromising safety. Europe is losing ground in the field of clinical trials. Therefore, we will carry out an assessment of the current legislation and amend it to provide for a more efficient framework to make Europe a world leader in medical research and innovation.

    Honourable Members, we are better able to face public health challenges if we act together. This is why the Commission is committed to building a strong and innovative European Health Union. Thank you for your attention and I look forward to receiving your views.

     
       

     

      Tomislav Sokol, u ime kluba PPE. – Poštovana predsjedavajuća, povjereniče, kolegice i kolege, Europska unija je kroz godine pokazala da zajedničkim djelovanjem može postići velike rezultate za zdravlje naših građana. Jedan od najvažnijih primjera je europski plan za borbu protiv raka koji predstavlja prvu sveobuhvatnu strategiju protiv ove opake bolesti, od prevencije i istraživanja preko liječenja do poboljšanja kvalitete života osoba koje su preboljele rak.

    Sljedeći korak je donošenje europskog plana za kardiovaskularne bolesti koje su vodeći uzrok smrtnosti u Europi. On mora imati jasno definirane ciljeve, konkretno financiranje i jasan vremenski okvir za provedbu. Samo tako možemo postići stvarni napredak i smanjiti teret koji ove bolesti predstavljaju za naše zdravstvene sustave, gospodarstvo i obitelj.

    Uz to, inzistiramo, kao što smo više puta rekli na ovoj govornici, na donošenju europskog plana za rijetke bolesti jer su oboljeli od rijetkih bolesti i njihove obitelji predugo bili na margini zdravstvenih politika, često prepušteni sami sebi, suočeni s nedostatkom dijagnoza, terapija i sustavne podrške. Za 95 % njih još uvijek ne postoji lijek i vrijeme je da se to promijeni.

    Na kraju, građani od nas s pravom očekuju konkretan europski plan za neurološke bolesti koji bi svakako trebao uključiti i mentalne bolesti koje su u dramatičnom porastu, osobito među mladima.

    Da bismo sve ovo ostvarili zdravstvo mora ostati prioritet i u okviru sljedećeg sedmogodišnjeg proračuna jer ulaganje u njega nije trošak, već jedna od najisplativijih investicija, što pokazuju brojne studije. Ne smijemo dopustiti da se zdravstvo utopi u različite proračunske programe jer bi to značilo da se vraćamo u vrijeme kad je ono predstavljalo marginalnu temu u EU institucijama.

    Kolegice i kolege, zdravstvo mora ostati prioritet u djelovanju EU‑a i pozivam na zajedničko djelovanje svih političkih grupacija da se to i ostvari.

     
       

     

      Vytenis Povilas Andriukaitis, on behalf of the S&D Group. – Madam President, dear Commissioner, colleagues, the rise of certain non‑communicable diseases in the European Union is increasingly concerning. If we fail to act and learn from past experiences, like the COVID‑19 pandemic, we risk facing new outbreaks and epidemics.

    Twenty years ago, the European Union made a commitment to eliminate measles – to be measles‑free. Yet we are still far from that goal. The situation is further aggravated by growing societal scepticism, fuelled by misinformation and spread of unproven claims. In 2024, measles cases in the EU surged dramatically with over 32 000 reported diagnoses. This sharp increase highlights serious gaps in vaccination coverage, as 86 % of those infected had not been vaccinated.

    In an age where measles is entirely preventable through vaccination, it is unacceptable that this disease continues to spread, especially knowing that measles is highly contagious and can lead to severe complications such as pneumonia, encephalitis, and even death. To prevent further outbreaks, it is essential to ensure that at least 95 % of the population is vaccinated.

    Unfortunately, vaccination rates remain insufficient in many European countries. Governments must prioritise strong vaccination campaigns and actively combat vaccine hesitancy to protect public health. The measles, mumps and rubella vaccine remains the most effective tool to prevent measles, and we must also work to harmonise vaccination schedules across Member States to ensure this.

    This is why it is crucial to foster collaboration among Member States, recognising that in the Schengen zone, where people can move freely across borders, disease can easily spread between countries. Additionally, the shortage of healthcare professionals, especially in regions with insufficient medical staff, particularly nurses, further contributes to lower vaccination rates. The recent outbreaks in Romania, along with nearly 20 preventable deaths, serve as a stark reminder to the urgency of this issue. These tragic losses highlight the need for immediate actions.

    HERA must also address the state of crisis preparedness and take steps to prevent the situation from escalating further. In a world where vaccines are widely available, measles should no longer be a threat. As cases continue to rise, collective action is urgently needed to protect vulnerable populations.

     
       

     

      Margarita de la Pisa Carrión, en nombre del Grupo PfE. – Señora presidente, señor comisario, señorías, Europa no puede mirar hacia otro lado cuando hablamos de excelencia en salud. Nuestra cultura ha estado siempre orientada al desarrollo de la ciencia y las humanidades. Hemos formado generaciones de investigadores y profesionales sanitarios con talento, guiados por el compromiso con el bien común.

    Tenemos una responsabilidad de liderazgo, no solo por capacidad, también por principios, para que la salud esté guiada por el deseo de sanar, de proteger la vida, de acompañar y aliviar el sufrimiento, para que esté al servicio de la persona, y no de intereses ajenos a ella.

    Es imprescindible recordar que el cáncer se cobra la vida de casi 1,3 millones de personas en la Unión Europea al año. Las enfermedades cardiovasculares siguen siendo la principal causa de muerte y los trastornos neurológicos afectan a más de siete millones de personas. Debemos, como Europa, avanzar conjuntamente, compartir buenas prácticas entre Estados miembros. Apostemos por una Europa de cooperación, que intercambie experiencias eficaces y que se apoye mutuamente, siempre teniendo en cuenta las particularidades y necesidades de cada país.

    Los próximos años pueden ser revolucionarios para la medicina. Las nuevas herramientas —como la biotecnología o la medicina personalizada— ya hacen posible que nos enfrentemos a enfermedades que antes eran intratables. Sin embargo, su potencial se ve limitado por un marco regulatorio que dificulta transformar la investigación en soluciones reales para los pacientes. Las pymes, que lideran la innovación, se ven especialmente afectadas, también por la falta de financiación en las primeras etapas del desarrollo. Si queremos que Europa avance en salud y en innovación, necesitamos un entorno coherente y favorable que facilite la inversión y acelere la llegada de nuevos tratamientos a los pacientes.

    Por supuesto, se exige también una apuesta igualmente clara por los cuidados. Tenemos la posibilidad de ofrecer opciones esperanzadoras a todos aquellos que sufren enfermedades, no solo en cuanto a diagnóstico y a tratamiento, sino también en cuanto a acompañamiento.

    No es casualidad que cuanto menos se valora la vida, más se deterioran los sistemas sanitarios. En España, tenemos problemas gravísimos: listas de espera interminables, falta de profesionales sanitarios —y los que hay tienen que hacer jornadas maratonianas de trabajo—, miles de personas que mueren esperando acceder a cuidados paliativos… Pero, claro, ¿quién va a querer invertir en salud si no valoramos la vida? Resulta espeluznante pensar que hay países —como España— en los que la única alternativa que se ofrece a las personas con enfermedades graves sea la muerte, sea la eutanasia. No podemos resignarnos a un modelo sanitario que mida su eficacia por costes o por ideologías, sino por su capacidad de cuidar, de sanar, de respetar profundamente la vida humana en todas sus etapas.

    Frente al sufrimiento, nuestra respuesta debe ser más humanidad, más compromiso, más inversión en salud, investigación y también cuidados paliativos. Si Europa quiere ser referente en innovación, también debe ser referente en el respeto a la dignidad de la persona.

     
       

     

      Aurelijus Veryga, ECR frakcijos vardu. – Kolegos. Sveikata yra ne viskas, bet be sveikatos viskas yra niekas. Deja, dažnu atveju tą suprantame pavėluotai. Gaila, kad ir šiandien plačios ir labai skirtingos sveikatos temos – infekcinės ir lėtinės neinfekcinės ligos, kurioms reikalingi labai skirtingi sprendimai, yra suplaktos į vieną diskusiją. Labai gerai, kad Europos Komisija turi ambiciją šioje kadencijoje išplėsti veiklą, įtraukiant ne tik onkologinių ligų, bet ir širdies kraujagyslių ligų įveikos planą. Ir šioje kadencijoje bus ne viena proga pademonstruoti mūsų rimtą nusiteikimą imtis šių sveikatos problemų sprendimo. Pradėkime nuo to, kad jokiomis aplinkybėmis nebegalima leisti pasikartoti, kad būtų sumažintas finansavimas sveikatos programų ir mokslinių tyrimų finansavimui. Norėčiau tikėti ir tikėtis, kad išlaidos sveikatai sekančiame MFF neliks paskutinėje vietoje, kaip ši diskusija plenarinėje sesijoje, nes visada atsiranda svarbesnių reikalų. O nuveikti reikia labai daug. Ir nors sveikata yra šalių narių kompetencija, tačiau yra sričių, kur bendras veikimas galėtų prisidėti prie visų šalių narių problemų sprendimo. Turėsime ieškoti sveikatos specialistų trūkumo problemos sprendimų. Iš siūlymų, kuriuos šiandien girdžiu, jie ne tik nespręstų problemas, bet jas gilintų. Labai džiaugiuosi Komisijos ambicija dėl ypatingos reikšmės vaisto akto, kuris gali ir turėtų sukurti galimybę vaistų gamintojams sugrįžti ir veikti Europos Sąjungoje, o bendri vaistų pirkimai gali pagreitinti inovatyvių vaistų prieinamumą valstybėse narėse, ypač mažosiose, kurios šiuo metu yra nepatrauklios kaip mažos rinkos. XXI amžiuje onkologiniai pacientai skirtingose šalyse turi skirtingas galimybes gauti gydymą ir pagalbą, o kai kurie yra priversti net bylinėtis, kad tokią pagalbą gautų. Tai yra nepriimtina. Šiandien daug ir pagrįstai kalbame apie gynybos pajėgumų didinimą ir saugumo stiprinimą. Tačiau realybė yra tokia, kad negebama užauginti sveikos jaunosios kartos. Ir nemaža dalis jų dėl sveikatos problemų yra netinkami karinei tarnybai. Šioje kadencijoje turėsime galimybę peržiūrėti Tabako produktų direktyvą, ir noriu tikėti, kad ją peržiūrint sveikata bus prioritetas ir kad užteks išminties tvarkytis su Europa užplūdusi naujais produktais, tokiais kaip elektroninės cigaretės, nes jau šiandien turime daugiau nei pakankamai duomenų, kad jos nesprendžia, o kuria naujas sveikatos problemas.

     
       

     

      Vlad Vasile-Voiculescu, în numele grupului Renew. – Doamnă președintă, de obicei nu avem timp de povești aici. O să încep astăzi cu o poveste: pe 21 septembrie 2016 eram ministrul sănătății în România. 2016! Institutul Național de Sănătate Publică m-a informat atunci despre o creștere de la 7 la 675 de cazuri de rujeolă confirmate în România. Din 21 septembrie 2016 am declarat epidemie de rujeolă în România. De atunci, epidemia de rujeolă din România nu s-a încheiat. Au urmat mai multe guverne conduse, culmea, de socialiști. Acei socialiști, aceiași socialiști care astăzi refuză să sprijine singurul candidat pro-european din cursa pentru prezidențiale. Iar astăzi, conform Organizației Mondiale a Sănătății, România conduce clasamentul cazurilor de rujeolă raportate în 2024 – peste 30 000. Următoarele state sunt Kazahstan, Federația Rusă, Azerbaidjan și Marea Britanie.

    Dacă Uniunea Europeană, doamnelor și domnilor, face ceva în domeniul sănătății, atunci una dintre priorități trebuie să fie bolile infecțioase. În țara mea, rata de vaccinare împotriva rujeolei cu prima doză este de 78 %, cu a doua este de 62 %. Doar patru țări din UE, din întreaga Uniune Europeană, ating pragul de recomandat de 95 %. Aceste țări merită felicitări și aceste țări sunt: Ungaria, Malta, Portugalia și Slovacia.

    Dar din totalul de cazuri de rujeolă în toată Uniunea Europeană, 87 % provin din România în 2024, 87 %!

    În Uniunea Europeană, doamnelor și domnilor, și în întreaga lume astăzi se duce o bătălie împotriva adevărului și împotriva științei. Am văzut în România, am văzut și în alte state de peste tot de pe glob cum adevărul științific este călcat în picioare de politicieni și de alte forțe din societate. Dacă vrem o Uniune Europeană care protejează cu adevărat cetățenii, atunci, doamnelor și domnilor, asta este bătălia pe care trebuie să o câștigăm. Forțele politice responsabile și societatea civilă onestă trebuie să acționeze ferm împotriva dezinformării criminale cu falsuri medicale, pentru că cele mai multe forțe extremiste de care vorbim astăzi, cele mai multe forțe politice care cresc pe minciună și dezinformare, forțe politice pe care le combatem și aici, și în țările noastre, haideți să fim onești, au crescut pe spinarea celui mai traumatic eveniment planetar din ultimul deceniu. Și acesta a fost, cu siguranță, pandemia.

    Dacă pierdem știința și adevărul ca bază fundamentală a realității, societatea în sine, toate societățile noastre nu vor putea supraviețui.

     
       

     

      Tilly Metz, on behalf of the Verts/ALE Group. – Madam President, dear Commissioner, when we speak about diseases like cancer, heart conditions, neurological disorders or measles, we don’t speak in abstract terms – we are speaking about our neighbours, our parents, our children. Every one of us has a story. Every one of us knows someone affected. That’s why our response must be human, bold and forward-looking.

    Let’s start with the obvious: prevention works, and yet it’s still the most neglected part of our health system. We spend billions on treatment, but far too little on stopping disease before it begins. We need to invest in the conditions that keep people healthy: clean air, clean water, affordable and healthy food, decent housing.

    That is why policies like the European Green Deal and the common agricultural policy play a crucial role. Those are not environmental luxuries; they are essential tools for protecting public health.

    We need also to address one of the elephants in the room: tobacco. It’s still one of the leading causes of preventable deaths in Europe. It’s time to stop dancing around this issue. We urgently need to revise the EU’s tobacco legislation, including tax rules. Recently, 16 Member States called for a revision – higher taxes, plain packaging, a total ban on advertising, including for newer products like heated tobacco or e-cigarettes. Our legislation must catch up with reality.

    Dear colleagues, prevention alone is not enough. We must guarantee affordable and timely access to effective treatment for all, regardless of income or geography. That means making pharmaceutical legislation and innovation conditional on affordability. It means demanding transparency on pricing and research and development costs. Yes, it also means redesigning the way we reward medical innovation so that public investment leads to public benefit.

    Finally, we need to stop only reacting to crises and start planning ahead. So Europe needs a comprehensive strategy on non-communicable diseases – we need to stop thinking in silos – that looks across health systems, environment, agriculture and education and social policy.

    Prevention and treatment must include protection also for women’s health. That is another aspect; a gender-sensitive approach is needed.

    So let’s act with courage, let’s act with care and let’s act now, because lives depend on it.

     
       

     

      Milan Mazurek, za skupinu ESN. – Vážená pani predsedajúca, myslíte, že ľudia zabudli, že vám skutočne ľudia odpustili a že si nepamätajú, čo Leyenovej Európska komisia urobila stovkám miliónov obyvateľov Európskej únie počas doby, ktorú ja nazývam doba korona-teroru? Myslíte, že zabudli, že to bola Európska komisia, ktorá vzala stovkám miliónov obyvateľov ľudské práva a rovnako ako v minulosti nacisti či komunisti rozdelila ľudí na hodných a nehodných, na tých, ktorí si mohli ľudské práva nechať, a tých, ktorým boli vzaté? Bol som jeden z tých, ktorý nemohol navštevovať ani telocvične, verejné podujatia a nemohol vychádzať z domu, pretože vaše projekty covidpasov vzali ľuďom práva a keď sa ľudia nezaočkovali, keď ľudia nepodstupovali nezmyselné testy, tak ste im jednoducho neumožňovali žiť normálny život. Spomeňte si na to, koľkým desiatkam miliónov ľudí ste zruinovali ich podnikanie, koľkým deťom ste vzali budúcnosť, koľko sociálnych samovrážd ľudí, ktorých ste dotlačili na dno, ste spôsobili? Koľko zla, násilia a nenávisti ste v spoločnosti napáchali? A to len preto, aby Európska komisia mohla do svojich rúk získať ďalšie práva, ďalšiu kontrolu nad životmi slobodných ľudí, obmedziť národné štáty a robiť si nechutný miliardový biznis cez esemesky prostredníctvom pani Leyenovej. Gigantický konflikt záujmov, ktorý v tomto pléne stále nebol vyšetrený, na ktorého vyšetrenie čakajú občania vo všetkých členských štátoch. Len vy kryjete zločinnosti tejto Európskej komisie. A potom, keď tu predstúpite a poviete, že vy chcete predchádzať chorobám, že vy chcete chrániť zdravie ľudí a hovoríte, že chcete podporovať napríklad fyzickú kondíciu? Vy, tí istí ľudia, ktorí zakazovali ľuďom športovať, ktorí prikazovali ľudí trestať len preto, že chceli ísť cvičiť, športovať či behať niekde na verejnosť. Kto vám má po tom všetkom ešte veriť? Každý zmýšľajúci občan už vidí, že kedykoľvek, keď Európska komisia začne hovoriť o tom, že by mala získať ďalšiu kontrolu, právomoci a možnosti pre to, aby chránila ľudí, tak je v skutočnosti presný opak pravdou. V skutočnosti chcete kompetencie a možnosti pre to, aby ste mohli opätovne robiť svoje biznisy. Aby opätovne niektorí vyvolení mohli rozkrádať peniaze daňových poplatníkov a chcete ďalšiu kontrolu a moc, aby ste ľuďom mohli vziať ich práva a uvrhnúť ich život do absolútnej totality, pretože to je skutočná podstata a charakter tejto Komisie. Museli by mi skutočne ruky dolámať, aby som hlasoval za ďalšie právomoci a kompetencie či rozpočet pre takúto Európsku komisiu.

     
       

     

      Seán Kelly (PPE).A Uachtaráin, Commissioner, across Europe, millions of citizens are affected by diseases that could be prevented, treated earlier and managed better if we act together.

    That is why I fully support the EU’s stepped-up efforts on health, particularly in tackling cancer, cardiovascular and neurological diseases and preventing avoidable illnesses like measles. Cancer alone claims nearly 1.3 million lives in the EU each year, but through initiatives like Europe’s Beating Cancer Plan, we are finally taking a coordinated approach and investing in research, screening, early detection and better access to treatment across Member States.

    I am proud that Irish researchers, institutions and clinicians are playing a key role in this. Cardiovascular and neurological diseases are among the leading causes of disability and death in Europe. Yet too often, they do not get the attention they deserve.

    We need targeted strategies, strong support for cross-border research, and public-awareness campaigns that reach citizens in every region, including rural communities, like many in my own constituency in Ireland South.

    Let us be clear. The resurgence of measles in parts of Europe is both tragic and preventable. We must not allow misinformation to roll back decades of progress in public health. Vaccination saves lives. Full stop. We must ensure that no matter where you live in Europe, you have access to the care you need.

     
       

     

      Christophe Clergeau (S&D). – Madame la Présidente, Monsieur le Commissaire, la révolution que j’appelle de mes vœux, c’est la révolution de la prévention. Car soigner est indispensable et il faut le faire mieux, mais ce n’est pas une fin en soi. L’objectif, c’est de bien vivre et de bien vieillir, en bonne santé. Cela passe par la prévention, qui est le meilleur des investissements, tandis que la non-action, au contraire, se traduit par des millions de morts et par des milliards d’euros de dépenses inutiles.

    Alors oui, nous avons besoin des grands programmes de santé publique existants – comme celui contre le cancer – ou annoncés par la Commission. Pour nous, la priorité, c’est un grand programme pour la santé mentale et un grand programme pour la santé des femmes.

    Cependant, nous devons avant tout prévenir les maladies en agissant sur les déterminants de la santé. Agir contre la pauvreté, la précarité, le mal-logement, la précarité énergétique et alimentaire, le rationnement des soins. Agir contre le tabac et la malbouffe: ce sont des catastrophes sanitaires qui résultent de décennies de lobbying et de manipulation par les grands intérêts économiques. Il nous faut impérativement réviser la directive sur le tabac pour combattre les fausses alternatives à la cigarette, qui sont des dangers majeurs pour la santé publique. Nous avons aussi besoin d’un programme législatif concernant l’alimentation, pour combattre les pratiques et les produits dangereux, mieux informer les consommateurs et interdire – oui, interdire! – la publicité pour la malbouffe.

    Enfin, nous devons agir contre les effets cumulés de notre environnement sur nos organismes, cette cause émergente de l’explosion des maladies chroniques, des cancers, mais aussi des maladies dégénératives ou des maladies de la douleur. Alors oui, les pollutions, les pesticides, les produits chimiques, les PFAS sont un cocktail terrible qui ruine notre santé. Dans ce domaine, c’est la santé qui doit être la ligne directrice de notre action. Nous sommes à la veille de choix politiques drastiques: prévenir, prévenir et prévenir, c’est le seul choix possible pour le bien-être des Européens.

     
       

     

      Manuela Ripa (PPE). – Frau Präsidentin! Krebs und Herz-Kreislauf-Erkrankungen gehören zu den Gesundheitsgefahren unserer Zeit. Gut ist: Viele dieser Erkrankungen sind vermeidbar. Ein zentraler Hebel dabei ist gesunde Ernährung. Doch gesunde Ernährung darf kein Luxus sein. Wenn wir es ernst meinen mit der Vorsorge, dann müssen wir gesunde Lebensmittel günstiger machen, zum Beispiel durch die Senkung der Mehrwertsteuer auf Obst und Gemüse. Gleichzeitig müssen wir ungesunde, stark verarbeitete Produkte angehen. Denn sie belasten nicht nur unseren Körper, sondern auch unser Gesundheitssystem und damit die Allgemeinheit.

    Besonders schutzbedürftig sind unsere Kinder. Werbung für ungesunde Lebensmittel, die sich gezielt an sie richtet, muss nicht sein. Kinder sollen lernen, was ihrem Körper guttut, nicht, was sich am besten verkauft. Genauso wichtig ist der informierte Verbraucher. Wer gesund einkaufen will, braucht klar verständliche Nährwertkennzeichnungen.

    Doch wir müssen auch über psychische Erkrankungen sprechen und hier über den übermäßigen Konsum sozialer Medien, gerade bei Jugendlichen. Studien zeigen, dass ständiges Scrollen, Reizüberflutung und digitaler Stress das Risiko für Depressionen und Konzentrationsprobleme erhöhen können. Deshalb müssen wir auf europäischer Ebene dringend dafür sorgen, dass unsere Kinder besser geschützt werden. Dazu gehört Aufklärung in der Schule, aber auch Aufklärung der Eltern und eine stärkere Verantwortung der Plattformen. Süchtig machende Algorithmen ebnen den Weg zu einer neuen Volkskrankheit, und das schon in sehr jungen Jahren. Gesundheit ist mehr als die Abwesenheit von Krankheit. Sie beginnt mit Bildung, Schutz und den richtigen politischen Rahmenbedingungen für ein gesundes Europa.

     
       

     

      Laurent Castillo (PPE). – Madame la Présidente, Monsieur le Commissaire, chers collègues, tout le monde parle de prévention, mais trop peu la mettent en œuvre. Pourquoi? Parce que ses effets prennent du temps et trop d’élus préfèrent des résultats immédiats. Pourtant, c’est là que tout commence: mieux vivre, désengorger les hôpitaux, réduire les coûts. 1 euro investi en prévention, c’est jusqu’à 6 euros d’économies. Prévenir, c’est voir loin.

    Si certains États manquent de courage, alors soyons exemplaires à l’échelle européenne. Après le plan cancer, engageons-nous avec la même ambition contre les maladies cardiovasculaires. Lançons un vrai plan européen de lutte contre l’obésité. La santé des Européens n’est pas un slogan, c’est un combat. Et ce combat commence par la prévention.

     
       

       

    Zgłoszenia z sali

     
       

     

      András Tivadar Kulja (PPE). – Madam President, dear Commissioner, dear colleagues, I’m a bit disappointed to see so few of us here in person for this debate, especially as we are talking about diseases that pose an increasing burden on our ageing society across Europe.

    Cancer, cardiovascular diseases and neurological conditions cause the death of more than 3 million Europeans each year. In the case of cardiovascular diseases alone, 1.3 million of these deaths could be avoided with better prevention, early detection and access to modern, affordable healthcare.

    That’s why, along with the European Beating Cancer Plan, we also need strong support and funding for the European Cardiovascular Health Action Plan. To achieve our goals, we must have a truly holistic approach to recognise how physical, mental and brain health are deeply connected.

    We have a great responsibility: people are counting on us to act on healthcare, and we also see that where healthcare is declining, extremism is growing. Strengthening healthcare not only helps people, it also protects democracy.

     
       

     

      Lukas Sieper (NI). – Frau Präsidentin, liebe Menschen Europas, verehrter Herr Kommissar! Ich danke Ihnen und den ganzen Kollegen hier für die wichtige Arbeit. Ich möchte zum Abschluss noch einmal das Licht auf zwei Aspekte werfen, die auch angesprochen wurden: Das eine ist die Aufklärung, und das andere ist auch die psychologische Betreuung, die im Umfeld von Krankheiten relevant werden kann.

    Wir haben da gerade ein leuchtendes Beispiel gesehen bei der Rede des Kollegen Mazurek, der offensichtlich aufgrund mangelnder Aufklärung nicht den Mut hatte, eine wichtige Impfung vorzunehmen, und aufgrund dessen dann gezwungen war, über eine lange Zeit zu Hause zu bleiben, dem sozialen Leben entrissen war und bis heute sichtbar schwere Nachwirkungen davonträgt. Ich denke, wir müssen alle zusammenarbeiten, um den Menschen in Europa die Gesundheit zu geben, die sie verdienen, weil Gesundheit etwas ist, was uns alle angeht.

     
       

     

      Diana Iovanovici Şoşoacă (NI). – Doamnă președintă, da, îi acuzi pe alții că sunt bolnavi mintal dar tu nu te duci să te cauți.

    Este impardonabil că permiteți aici jignirea unui coleg, în condițiile în care numai dacă ești medic și numai dacă s-a consultat la tine ai posibilitatea să îți expui un punct de vedere. Din punctul meu de vedere, ca avocat, eu l-aș baga direct în închisoare pe domnul care a vorbit înainte de Mazurek. Este impardonabil ceea ce acceptați, aceste jigniri.

    Doi la mână, vorbiți de prevenție. Nu veți face niciodată prevenție, pentru că dumneavoastră aveți relații cu Big Pharma. Și acestea au reieșit foarte clar în cazul vaccinării anti-Covid, un vaccin experimental. Dacă vă interesa, în conformitate cu articolul 5 din Convenția de la Oviedo, toate vaccinurile erau experimentale. Eu însămi am luat informațiile de pe site-ul Pfizer și Modena și toate celelalte producătoare.

    Vreau să vă spun că, pe cât acuzați dumneavoastră Cuba de dictatură, Cuba a reușit să eradicheze rujeola, în timp ce în Europa este explozie de rujeolă. Foarte interesant. Da, dați cu bastonașul, că pe noi ne interziceți, iar pe ai dumneavoastră îi lăsați. E rușinos ce faceți cu afacerile cu vaccinuri.

     
       

       

    (Koniec zgłoszeń z sali)

     
       

     

      Costas Kadis, Member of the Commission. – Madam President, honourable Members, thank you. I will be very brief.

    First, let me thank you for your insight. It is obvious also from this discussion that diseases, both infectious and non-infectious, are a key public health challenge. During this mandate, the Commission will step up work on promoting health and preventing diseases. We will also ensure that innovation does not stay in the laboratory but can reach and help patients.

    To this end. As I mentioned in my introductory remarks, the Commission intends to propose a European Biotech Act. Together, we can work towards better policies, programs and initiatives that support patients.

    In turn, that will also reduce the social and economic costs of these diseases. And I’m sure our conversations on this important topics will continue.

     
       


     

      Przewodnicząca. – Zamykam debatę.

     

    11. Explanations of vote

     

      Przewodnicząca. – Kolejnym punktem porządku dziennego są wyjaśnienia dotyczące stanowiska zajętego w głosowaniu.

     

    11.1. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas)


     

      Seán Kelly (PPE). – Bhí áthas orm vótáil ar son an naoú tuarascáil ar chomhtháthú.

    This report reaffirms the vital role of EU cohesion policy in promoting balanced development, reducing regional disparities and building long term socioeconomic resilience across the Union.

    The report rightly highlights the policy’s positive impact on growth, productivity and employment, while stressing the importance of its core principles, such as the bottom-up approach and partnership model that underpin effective and inclusive governance.

    Importantly, it calls for greater flexibility to help cohesion policy respond to crises like pandemics, wars and climate change. It also addresses the ongoing challenges facing regions in transition, especially those affected by industrial decline or near the EU’s external borders.

    Simplifying administrative procedures is also key to improving access and reducing barriers.

    Tríd is tríd, is tuarascáil mhaith chiallmhar í seo agus bhíos sásta tacaíocht a thabhairt di.

     
       

     

      Lukas Sieper (NI). – Madam President, dear people of Europe, cohesion is not charity. It is a political promise that no region, no person is left behind.

    This report reminds us that the gaps between European regions are still real in innovation, in jobs, in future prospects, and that’s not acceptable. We need a cohesion policy that matches the challenges of our time, green transition, digital transition and demographic change.

    That means simpler access to EU funds, stronger roles for local and regional actors, and long-term thinking, not just emergency response.

    Because when we invest in cohesion, we don’t just invest in roads or statistics. We invest in dignity, in democracy and in equal chances all across Europe.

     

    11.2. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka)


     

      Seán Kelly (PPE). – A Uachtaráin, Arís bhí áthas orm vótáil ar son na tuarascála seo …

    Because it extends and revises the EU Gas Storage Regulation as it balances energy security with changing market conditions.

    Measures introduced during the 2022 gas crisis, especially mandatory storage targets, proved effective in stabilising supply and protecting citizens from price shocks. Extending them beyond 2025 is a smart step to prepare for future risks.

    I support the added flexibility, including the adjusted 83 % target and limited scope for Member State deviations in difficult conditions. These updates respect national contexts while maintaining a strong collective baseline.

    The proposal also advances EU goals by phasing out Russian fossil fuels and supporting a return to market-based mechanisms. By cutting red tape and reinforcing subsidiarity, it empowers Member States while ensuring effective oversight.

    Bhí bród orm vótáil ar son na tuarascála praiticiúla seo a thugann tacaíocht don Trasdul Glas.

     
       

     

      Lukas Sieper (NI). – Señora presidenta, queridos pueblos de Europa, el invierno en Europa puede ser duro: las familias necesitan calor, las empresas necesitan energía segura. Necesitamos reglas claras sobre el gas almacenado porque la energía es parte de la seguridad social y económica.

    Sí, el futuro es energía limpia y renovable, pero hoy necesitamos soluciones prácticas para proteger a las personas cuando hace frío y para evitar crisis. Más reglas no es más burocracia, es más seguridad para todos. Mientras cambiamos el sistema energético, necesitamos estabilidad.

     

    11.3. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters)


     

      Seán Kelly (PPE). – A Uachtaráin, tacaím leis an rún seo toisc go gcuireann sé cur chuige straitéiseach agus cothrom chun cinn chun iomaíochas an Aontais a neartú i dtimpeallacht dhomhanda atá ag athrú go tapaidh. Cuireann sé béim ar chomh tábhachtach atá an iomaíocht chóir, ní hamháin chun an nuálaíocht a spreagadh ach chun tomhaltóirí a chosaint, ach chun athléimneacht eacnamaíochta fhadtéarmach a fhorbairt ar fud an Aontais freisin. Thar aon ní eile, ceanglaíonn sé tosaíochtaí comhshaoil agus digiteacha leis an gcreat iomaíochta. Trínár straitéis eacnamaíoch a ailíniú leis an gComhaontú Glas don Eoraip agus le Compás Digiteach 2030, cabhraímid leis an Eoraip a bheith ina ceannaire domhanda san aon bhunaíocht agus sa teicneolaíocht. Má thacaímid leis an rún seo, beimid ag seasamh an fhóid ar son fás inbhuanaithe, margaí cothroma, agus iomaíochas domhanda an Aontais.

     

    11.4. Old challenges and new commercial practices in the internal market (B10-0246/2025)


     

      Lukas Sieper (NI). – Signora Presidente, onorevoli colleghi, cari popoli d’Europa, il mercato unico è una delle cose migliori dell’Unione europea, ma il mercato deve essere giusto per tutti. Oggi ci sono nuove sfide: le piattaforme digitali, le pratiche sleali, le regole poco chiare.

    Questa risoluzione è importante. Serve per aiutare le piccole imprese, per proteggere i consumatori e per avere un mercato ben funzionante. Un mercato moderno deve essere anche trasparente e aperto a tutti, non solo ai grandi.

     

    12. Approval of the minutes of the sitting and forwarding of texts adopted

     

      Przewodnicząca. – Protokół dzisiejszego posiedzenia zostanie przedłożony Parlamentowi do zatwierdzenia na początku następnego posiedzenia.

    Jeśli nie wpłynie żaden sprzeciw, przekażę rezolucje przyjęte na dzisiejszym posiedzeniu osobom i organom w nich wymienionym.

     

    13. Dates of the next part-session

     

      Przewodnicząca. – Kolejna sesja miesięczna odbędzie się 21 i 22 maja 2025 roku w Brukseli.

     

    14. Closure of the sitting

       

    (Posiedzenie zostało zamknięte o godz. 15.50)

     

    15. Adjournment of the session

     

      Przewodnicząca. – Zamykam posiedzenie.

    Ogłaszam przerwę w obradach Parlamentu Europejskiego.

    Dziękuję bardzo. Do zobaczenia na następnym posiedzeniu.

     

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Deportations of refugees from Germany to countries of first entry such as Greece – E-001763/2025

    Source: European Parliament

    Question for written answer  E-001763/2025
    to the Commission
    Rule 144
    Kostas Papadakis (NI), Lefteris Nikolaou-Alavanos (NI)

    The unacceptable and dangerous decision by the Federal Constitutional Court of Germany to deport two refugees to Greece, claiming that the refugees had first been granted asylum there and could secure ‘bread, bed and soap’, paves the way for mass deportations of thousands of uprooted people to countries of first entry and to Greece, on the basis of reactionary EU and government guidelines. It thus promotes the perpetuation of their being trapped in them. The decision follows the reactionary package of measures in the EU’s Pact on Migration and Asylum. This Pact, inter alia, maintains the provision for entrapping people in their country of first entry on the basis of the Dublin regulations for recognised refugees and asylum seekers.

    In view of this:

    • 1.What is the Commission’s position on the fact that the deportation by the German authorities of two recognised refugees to Greece, which constitutes an application of the Pact on Migration and Asylum, preserving the responsibility of the first country of entry under the Dublin regulations, paves the way for dangerous mass deportations to Greece and other countries of first entry?
    • 2.What is the Commission’s position on the fact that, on the basis of the above, conditions are being created for the perpetuation of the entrapment of refugees, contrary to their rights stemming from the Geneva Refugee Convention and their right to be able to travel to their countries of destination?

    Submitted: 30.4.2025

    Last updated: 8 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – The future of public interventions in price setting for the supply of electricity – E-000929/2025(ASW)

    Source: European Parliament

    Article 5 of the Electricity Directive[1] provides that suppliers are free to determine the price at which they supply electricity to customers .

    It also provides that Member States may derogate from this provision and implement public i nterventions on price setting under specific conditions[2]. Such interventions must be notified to the Commission.

    Member States were required by the directive to submit reports by 1 January 2025 to the Commission on the implementation of Article 5, the necessity and proportionality of public interventions, and an assessment of the progress towards achieving effective competition and the transition to market-based prices. By now, the Commission has received 14 reports from the Member States[3].

    The Commission is required by 31 December 2025 to review and submit a report to the European Parliament and to the Council on the implementation of Article 5 together with or followed by a legislative proposal, if appropriate.

    This report will be based on the reports submitted by each Member State and on a study on the post-crisis retail market which the Commission is currently steering. It is not possible for the time being to prejudge any of the conclusions of the study or the report.

    • [1] Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU, OJ L 158, 14.6.2019, p. 125-199.
    • [2] Defined in Article 5 of the Electricity Directive (EU) 2019/944.
    • [3] Austria, Belgium, Germany, Estonia, Spain, Finland, France, Hungary, Ireland, Malta, Netherlands, Poland, Portugal, Slovenia.
    Last updated: 8 May 2025

    MIL OSI Europe News

  • MIL-OSI Video: Ukraine on the situation in the country – Media Stakeout | United Nations

    Source: United Nations (Video News)

    Informal comments to the media by Khrystyna Hayovyshyn, Chargée d’Affaires of the Permanent Mission of Ukraine to the United Nations, on behalf of Ukraine, Albania, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Montenegro, North Macedonia, Norway, the Netherlands, Portugal, Republic of Moldova, Romania, Slovakia, Slovenia, Spain, Sweden, the United Kingdom and the European Union, on the situation in Ukraine.

    https://www.youtube.com/watch?v=UYys6ZNW_9Y

    MIL OSI Video

  • MIL-OSI Russia: Multinational command and staff exercises “NATO-Georgia 2025” have ended in Georgia

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TBILISI, May 8 (Xinhua) — The NATO-Georgia 2025 multinational command post exercise concluded on Thursday at the NATO-Georgia Joint Training and Evaluation Centre (JTEC) near Tbilisi.

    According to the Georgian Defense Ministry, Georgia, Bulgaria, France, Germany, Greece, Hungary, Italy, Lithuania, Poland, Slovakia, Turkey, Great Britain, the United States, Azerbaijan, Moldova, Armenia and Tunisia participated in the headquarters and field parts of the exercises.

    NATO-Georgia 2025 is a brigade-level, computer-assisted command post exercise designed to prepare Georgian-led multinational forces to plan and conduct crisis operations.

    The current NATO-Georgia exercises began on April 28 and are the fourth such exercises. They are held in Georgia every three years. –0–

    MIL OSI Russia News

  • MIL-OSI United Kingdom: VE Day: We must never appease fascism

    Source: Scottish Greens

    We can never let fascism win.

    Speaking in a Scottish Government debate Commemorating the 80th Anniversary of Victory in Europe (VE) Day, Scottish Green Co-leader Patrick Harvie reflected on the horrors of WW2 and warned against appeasing fascism.

    “The motion reminds us of the hundreds of thousands of UK forces, and the tens of thousands of civilians, whose lives were lost in WW2.

    “Beyond that, the war caused up to 85 million deaths worldwide – around 3% of the global population at the time – including six million Jews, and millions of others exterminated by the Nazis. And an estimated 40 to 60 million people were displaced.

    “But mere statistics aren’t enough to truly comprehend the scale of what had to be done in the defeat of Nazism and Fascism, the sacrifice of those who fought, and the scale of the impact on the millions of lives affected.

    “I don’t think I can imagine the emotional release that must have come with the announcement of VE day, and the end of the fighting in Europe.

    “In the wake of such suffering, it led to new beginnings –

    “In recognising that they had fought together, and survived together, people decided to rebuild their society together, with a welfare state & and NHS, an astonishing legacy for that generation to leave us.

    “But also the creation of international institutions of peace, a framework for international law, human rights, and what eventually became the European Union.

    “But it’s important to remember too that VE day was not the end of the story.

    “Not for those still enduring war in other parts of the world.

    “Not for East Germany, which went from Nazi to Communist control; it would be decades before they would achieve freedom, and join a peaceful and democratic family of European nations

    “Not for the gay men liberated from the Nazi concentration camps, who were re-imprisoned by the Allies

    “We must remember too that the struggle to defeat fascism remains our responsibility today.

    “As we see an expansionist war against Ukraine being rewarded on the world stage

    “As we see the horrific images of genocide from Gaza

    “As we see the brutality of immigration detention camps and imprisonment without trial in countries claiming to be democracies.

    “As we see far right ideology growing around the world, and the arrest of Nazis in the UK only yesterday.

    “As we hear prominent voices in major political parties seeking to abolish our fundamental human rights, and tear up that astonishing endowment the post war generation left us.

    “As we see the UK Govt celebrating VE Day on the same day as they announce an agreement with a US president whose ideology is indistinguishable from fascism

    “We need to remember that appeasement never works.”

    “I want to finish with the words of Ken Turner, 98, in a video posted on social media yesterday, as he sat in a Sherman tank. Mr Turner served in WW2, as did the tank.

    “I’m old enough to have seen fascism the first time round, and now it’s coming back,”  he said.

    “And driving the tank over a Tesla, crushing it, he gave this message to Elon Musk: “We’ve crushed fascism before and we’ll crush it again”

    “Presiding Officer, Ken gets it. Ken knows what had to be done. Ken knows the cost of what had to be done.

    “But Ken also knows why it had to be done. And he knows that it must still be done. Let’s never forget what Ken has reminded us of.”

    MIL OSI United Kingdom

  • MIL-OSI Global: How Canada can turn tariff tensions into a global affordable housing alliance

    Source: The Conversation – Canada – By Ehsan Noroozinejad Farsangi, Visiting Senior Researcher, Smart Structures Research Group, University of British Columbia

    Canada is facing a worsening housing crisis. Home prices have exploded, with 45 per cent of Canadians saying they are deeply worried about finding affordable housing.

    The country needs to build an additional 3.5 million homes by 2030 to achieve housing affordability. However, housing supply is lagging well behind that target even as demand continues to rise, driven largely by population growth and immigration.




    Read more:
    Canada’s housing crisis: Innovative tech must come with policy reform


    Into this crisis have come new costs. In March 2025, the United States imposed 25 per cent tariffs on Canadian steel and aluminum imports. Canada immediately hit back with its own 25 per cent duties on U.S. steel and aluminum, affecting roughly $12.6 billion of steel and $3 billion of aluminum goods.

    In practical terms, that means higher costs for key building materials like steel beams, aluminum cladding, appliances and machinery.

    Industry groups say these duties will drive up the price of new construction and further erode affordability. In a market already strained, adding tariff charges is like pouring salt on an open wound: it makes every new home more expensive to build and to buy.

    Factory-built housing offers a way forward

    Modern methods of construction, such as modular and prefabricated housing, are a promising answer to the housing shortage. These methods involve large components of houses being produced in factories and assembled at their final location.

    Factory-built housing can be done about 50 per cent faster and up to 35 per cent cheaper than site-built homes.

    Importantly, this speed and affordability do not come at the expense of quality or energy performance. Canadian-built modular homes achieve top efficiency ratings and reach net-zero energy while frequently delivering superior performance compared to site-built homes. They are also greener, as controlled factory processes produce far less waste.

    In Japan, modular factories produce over 15 per cent of all new housing. Sweden’s construction industry heavily relies on prefabricated construction as well; it is present in approximately 84 per cent of detached houses.

    Other countries are rapidly scaling up modern construction methods. Singapore mandates every public housing project to use modular techniques because this enables mass apartment production with efficiency.

    The combination of expensive labour costs and immediate housing needs makes Australia, the United Kingdom and parts of the United States optimal markets for modular construction expansion.

    Canada can lead in modular housing

    Canada has key advantages that make it well suited to expand modular and prefabricated housing. In particular, it has a strong forest products sector for supplying wood panels and engineered timber, a skilled construction and technology workforce and a growing policy drive for lower-carbon building.

    Canadian builders have already shown they can deliver modular housing at scale. Launched in 2020, Canada’s Rapid Housing Initiative committed $1 billion to modular projects, followed by another $1.5 billion in 2021 to quickly house vulnerable populations.

    The Rapid Housing Initiative exceeded its target, creating nearly 4,700 new homes in short order. It proved that factory-built housing can be both fast and high-quality in Canada.

    Canada has the opportunity to build on that success. The 2024 federal budget created a Homebuilding Technology and Innovation Fund aimed at expanding prefabricated housing. It set aside $50 million through Next Generation Manufacturing Canada (to be matched by industry) and up to $500 million in low-cost loans from the Canada Mortgage and Housing Corporation for prefabricated apartment projects.

    Prime Minister Mark Carney has also shown interest in modular and prefabricated housing technologies to create sustained demand.

    Provinces like Ontario and British Columbia are focusing on modular construction to cut red tape and better understand how to expand it. Canada’s National Research Council is also consulting on aligning building codes and inspections for factory-built homes with the help of Canadian universities.

    A global alliance on modular housing

    As Canada faces a deepening housing crisis, it has the opportunity to turn today’s tariff tensions into deeper international partnerships.

    By forming an international affordable housing consortium, Canada could collaborate with countries that have succeeded in modern construction methods, like Sweden, Japan, Australia and Germany, to share knowledge. Together, these nations could harmonize building standards and invest in research.

    Here are five practical moves Canada can take to build this global modular housing alliance:

    1. Create a zero-tariff modular homes club.

    Canada should use the trade tools it already has, like the Canada-European Union Comprehensive Economic and Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, to eliminate most tariffs with the European Union and Asian countries. Canada should negotiate an add-on protocol that lets modular components, such as panels and factory equipment, cross borders without tariffs.

    2. Launch a joint show-home projects in partner countries.

    We propose a “FastBuild 1000 initiative” initiative that would see each member nation commit to building a minimum of 1,000 modular homes. Pilot sites could include Vancouver, Sydney, Hamburg and Osaka — urban centres in countries already familiar with modern construction techniques. Engineers could travel across countries to test how modules fit different climates and design codes, while giving factories steady orders.

    3. Pool global buying power for materials and appliances.

    Canada and its partners could form a modular materials co-operative that bundles steel, engineered timber, heat pumps and windows. The proposed system should leverage economies of scale in factory production to make the final product much cheaper.

    4. Open-source designs and one-click certifications.

    Ottawa’s catalogue of pre-approved housing designs could be expanded into a global online catalogue where partner countries can download and adapt pre-existing designs while keeping the structure safe and secure. Simplified, one-click certification would help speed up approvals across borders.

    5. Create a ‘modular skills passport’ and research and development hub.

    Canadian universities and colleges could train workers through micro-credentials in areas like offsite manufacturing, digital construction, robotics, penalization and on-site assembly. Some countries like Japan have a huge prefabrication industry valued at over $24 billion. Linking research and development would give Canada access to the latest technologies while offering partner countries entry into the Canadian construction sector.

    By investing in this kind of international collaboration, Canada can address its domestic housing crisis while leading a fast, green housing revolution that makes homes affordable worldwide.

    Dr. Ehsan Noroozinejad has received funding from both national and international organizations to support research addressing housing and climate crises. His most recent funding for integrated housing and climate policy comes from the James Martin Institute for Public Policy. He has also been involved in securing funding from NSERC and Mitacs.

    Prof. T.Y. Yang secures funding from national and international organizations to develop innovative solutions for housing and climate crises, with a focus on modern methods of construction. His most recent funding has been from NRCan, NSERC and Mitacs.

    ref. How Canada can turn tariff tensions into a global affordable housing alliance – https://theconversation.com/how-canada-can-turn-tariff-tensions-into-a-global-affordable-housing-alliance-255829

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: World Press Freedom Day 2025: Joint Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    World Press Freedom Day 2025: Joint Statement to the OSCE

    UK and others call for action to safeguard media freedom across the OSCE.

    Madam Chair, 

    I am delivering this statement on behalf of the following participating States that are members of the informal Group of Friends on Safety of Journalists: Austria, Canada, Denmark, Estonia, Finland, Germany, Greece, Latvia, Lithuania, Montenegro, the Netherlands, Norway, Sweden, and the United Kingdom and my own country France. 

    Last week, on 3 May, we marked the World Press Freedom Day. This day serves as a reminder for States to respect their commitments and obligations regarding press freedom. It is also an opportunity for us all to show our support for media that are affected by restrictions of press freedom, and a day of remembrance of journalists and media actors who lost their lives in the line of duty. 

    As the OSCE Representative on Freedom of the Media has consistently highlighted: there is no security without media freedom. There can be no media freedom if journalists and other media actors cannot work safely and freely. Despite ample commitments and obligations in the field of human rights, media freedom and the safety of journalists, the challenges in the OSCE area are manifold. Journalists and media actors are being harassed, threatened, imprisoned or even killed. Legislation seeking to restrict the space for civil society, journalists and media actors is being implemented in several participating States. Challenges in the digital sphere, such as disinformation, information manipulation and smear campaigns, adverse impacts of AI, and online violence and harassment spurring physical attacks, all  pose additional pressure on the safety of journalists and media freedom in the OSCE area. As highlighted by the RFoM, female journalists face a double burden as they are being attacked as journalists and as women. 

    More than three years into Russia’s unprovoked and unjustifiable war of aggression against Ukraine, with the complicity of Belarus, media freedom and the safety of journalists continue to be severely affected. According to Reporters Without Borders, 13 journalists have been killed by Russian forces, at least 47 Ukrainian and foreign journalists have been injured while reporting due to attacks by Russian armed forces. According to the International Press Institute, at least 20 Ukrainian journalists are currently in Russian captivity. The Moscow Mechanism report of April 2024 also found that journalists are among the thousands of Ukrainian civilians arbitrarily detained by Russia. We continue to be deeply concerned about the treatment of Ukrainian journalist Viktoriia Roshchyna. Russia continues attacking media facilities in Ukraine. On 13 April 2025, several media offices in Sumy were damaged as a result of a Russian strike. On the night of 6 April 2025, an office building in Kyiv used by Inomovlennya, Ukraine’s state service for foreign broadcasting, was damaged as a result of Russian strikes on the city.   

    In Russia, the systematic, state-sponsored repression is intensifying, including through the silencing of dissenting voices, civil society and independent media. Also in Belarus, the systematic and widespread repression continues unabated and intensifies. At least 38 journalists and media actors are currently detained in Russia, and 45 in Belarus. We call on Russia and Belarus to immediately and unconditionally release all those arbitrarily detained and imprisoned, including journalists and media actors. 

    We are following with deep concern the developments regarding media freedom and how it is affected by the spread of so-called “foreign agents” laws and other legislation restricting the possibilities for journalists and media actors to operate. In Georgia, the rushed adoption of repressive legislation is fundamentally incompatible with core democratic principles. We repeat our call on Georgia to immediately and unconditionally release all journalists and media actors arbitrarily detained or arrested, and to engage in genuine dialogue with the RFoM and ODIHR. In Azerbaijan, there has been a concerning increase in cases against independent journalists and free media outlets. We call on Azerbaijan to honour its OSCE commitments and ensure all its citizens due legal process and access to free and independent media. All those detained for exercising their fundamental rights should be released. Regarding Türkiye, we echo the statement by the RFoM calling for the swift release of journalists arrested while covering recent demonstrations. 

    Madam Chair,  

    Let us take the opportunity of the World Press Freedom Day to honor those journalists and media actors that risk their lives and safety to keep us informed, and to reiterate our commitment to implementing our joint commitments and international obligations in the field of human rights and media freedom.  

    I thank you and request that you attach a copy of this statement to the Journal of the Day.

    Updates to this page

    Published 8 May 2025

    MIL OSI United Kingdom

  • MIL-OSI: UPDATE – International companies to host live webcasts at Deutsche Bank’s Depositary Receipts Virtual Investor Conference on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference (“dbVIC”) on Thursday, May 15, 2025 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States.

    Representatives from participating companies based in China, Hong Kong, Philippines, Denmark, Germany, South Africa, Switzerland, Sweden, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies.

    There is no fee for participants to log in, attend live presentations and/or ask questions.

    Pre-registration is suggested. Please register here: www.adr.db.com/dbvic

    Conference Agenda May 15th, 2025 (US Eastern Standard Time):

    • 8:00 AM: Bavarian Nordic A/S (Nasdaq Copenhagen: BAVA, OTC: BVNRY)  
    • 8:30 AM: Viomi Technology Co., Ltd (NASDAQ: VIOT)
    • 9:00 AM: Infineon Technologies AG (Xetra: IFX, OTC: IFNNY)
    • 9:30 AM: Clicks Group Ltd (JSE: CLS, OTC: CLCGY)
    • 10:00 AM: First Pacific Company Ltd (HKEX: 142, OTC: FPAFY)
    • 10:30 AM: HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, and HKEX:13)
    • 11:00 AM: 51Talk Online Education Group (NYSE American: COE)
    • 11:30 AM: Yiren Digital Ltd. (NYSE: YRD)
    • 12:00 PM: ABB Ltd. (SIX: ABBN, OTC: ABBNY)
    • 12:30 PM: Belite Bio, Inc  (NASDAQ: BLTE)
    • 13:00 PM: Epiroc AB (Nasdaq Stockholm: EPIA, OTC: EPOAY)
    • 13:30 PM: International Airlines Group (LSE: IAG, MAD: IAG, OTC: ICAGY)
    • 14:00 PM: BDO Unibank, Inc (PSE: BDO, OTC: BDOUY)
    • 14:30 PM: iHuman Inc. (NYSE: IH)

    The presentations will be available for replay after the conference.

    In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

    For further information, please contact:
    Dylan Riddle
    Deutsche Bank AG
    Press & Media Relations
    Tel. +12122504982
    Cell. +1(904)3866481
    Email dylan.riddle@db.com

    Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

    Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference.

    The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”) on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.

    The MIL Network

  • MIL-OSI Global: Russia looks to frame war as an inevitable part of life on Victory Day

    Source: The Conversation – UK – By Jennifer Mathers, Senior Lecturer in International Politics, Aberystwyth University

    Russia celebrates the 80th anniversary of the Soviet victory in the second world war on May 9. But while the cameras will focus on the assembled ranks of elderly war survivors watching the military parade in Red Square, Moscow, the focus of senior officials is on Russia’s children and young people.

    Patriotism in Vladimir Putin’s Russia is built on exaggerated respect for key moments in the country’s history. These moments have been chosen to create a specific story about Russia. This is a story about Russia’s military might, the ability of its citizens to endure almost unimaginable suffering for the motherland, and the inevitability of victory over its enemies.

    Victory Day gives the Kremlin a chance to retell that story. It also allows the state to assure Russians that they, like their ancestors, will be victorious in the so-called “special military operation” in Ukraine. Moscow describes this war as the modern-day equivalent of the fight against Nazi Germany.

    With fewer witnesses to that historic victory still alive, the Kremlin’s ability to manipulate society by drawing on this important memory depends on the willingness of the next generation to embrace the state’s official history. And Russian political figures are worried that young people nowadays are disconnected from their heritage.

    A poll conducted in December 2022 by the Russian Public Opinion Research Centre found that 76% of Russians aged 14 to 24 believe they have a good understanding of the history of their country. But the results of an alternative poll from June 2023 show that 70% of Russia’s young people do not know enough about their nation’s history.

    Vladimir Medinsky, the chairman of the Interdepartmental Commission of Historical Education of Russia, reflected on the issue at a forum on how to interest young people in Russian history in 2023. He said: “What needs to be done to make our children interested in history? To make interesting historical performances, to make historical films.”

    Russia’s leaders seek to address this perceived disconnect through military patriotic education. This is a system of surrounding children and young people with state-approved messages about Russia’s historic military victories and the role of its armed forces in making their country respected – and feared – around the world.

    These messages are conveyed through textbooks and in lessons at school. But one of the challenges for the Russian state is finding ways of making this material attractive enough for young people to want to engage with it.

    Putin himself has indicated that he understands this challenge. At a meeting with the Russian non-profit society Znaniye (Knowledge) on April 30, the Russian president argued that “it is crucial to have both an opportunity and skills to communicate the truth about past years and decades: sincerely, compellingly and – if I may say so – in a way that truly resonates”.

    Patriotic youth groups are an important vehicle for delivering military patriotic education in fun and exciting ways. These groups organise activities including games and competitions, as well as more immersive activities such as role-playing and re-enactments. These activities are designed to create a deeper engagement with the events of the past.

    One group, Victory Volunteers, emphasises collecting personal accounts from war veterans to add to the historical record. It also actively brings young people and war veterans together so that the heroes of future wars can be inspired by real-life stories of wartime heroism.

    Listening to these first-hand testimonials is intended to enable young people to deepen their understanding of the experience of war, including its hardships and tragedies.

    Yunarmiya (Young Army) is probably Russia’s best-known military patriotic youth group. It works with young people to develop their appreciation of history. But its focus on dressing its members in uniforms and training them in practical military skills has captured the attention of the world’s media.

    These skills include military-style activities such as marching in formation, learning how to assemble and disassemble weapons, and how to fire them.

    The Russian state also supports military patriotic education through the presidential grants fund. Hundreds of charities, youth groups and local societies apply to the fund twice a year, with the winners reportedly chosen by Putin himself.

    Many of the successful applications involve activities to raise young people’s awareness of historical memory, especially the memory of war.

    In 2022, for example, the historical reconstruction club Volnitsa received funding to organise a memorial march “in the footsteps of the winners” to mark the 80th anniversary of the liberation of the Bogucharsky region of Russia (near the border with Ukraine) from Nazi occupation.

    The successful application emphasised the emotional intensity of the reenactment and its educational effects on young participants.

    Events like the 80th anniversary of Victory Day have a significance for the Kremlin that goes beyond the speeches, parades and pageantry of the day itself. They are part of an effort by the Russian state to shape the expectations and behaviour of the next generation of its citizens.

    By encouraging young people to feel a personal connection to Russia’s history of war, Moscow hopes to ensure that society will regard war as an inevitable part of life. The scale of this effort suggests that Putin and other senior officials anticipate the need for a society willing to make sacrifices so that Russia can achieve victories in future wars.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Russia looks to frame war as an inevitable part of life on Victory Day – https://theconversation.com/russia-looks-to-frame-war-as-an-inevitable-part-of-life-on-victory-day-255751

    MIL OSI – Global Reports

  • MIL-OSI Russia: Marat Khusnullin: Road workers have improved the area around 20 monuments in historical regions

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    In the reunited regions, for the anniversary of the Victory, road workers are tidying up the areas near memorial sites along the roads that are under repair. For example, the state company Avtodor alone has improved about 20 such spaces, Deputy Prime Minister Marat Khusnullin reported.

    “From the very beginning of the Great Patriotic War, the capture of Donbass was one of the goals of Nazi Germany. Despite the fierce resistance of the Red Army, the Nazi occupation of the cities and villages of the mining region began in October 1941, and lasted until the end of September 1943. In memory of these and other events, many memorials have been created in the territory of all four new regions. Road workers are also involved in their improvement. In the DPR, the area around six monuments has been tidied up, in the LPR – around nine. In the Zaporizhia region, work was carried out along the Tokmak-Chernigovka highway,” the Deputy Prime Minister said.

    In Mariupol, the villages of Vasilyevka and Razdolnoye, as well as other settlements of the DPR, sidewalks were paved. In Chervona Polyana of the LPR, the territory was cleared, concrete surfaces were repaired and painted, damaged reinforced concrete slabs were replaced near the monument to Soviet soldiers near the village of Verkhnyaya Pokrovka, and parking areas were arranged.

    “For us, this is not just landscaping work. The roads that we repair in the reunited regions are a connecting thread that preserves an important part of the historical memory of our country. We remember, are proud and cherish the feat of those who built the roads leading to Victory. Now it is our turn to build a peaceful future for the country. For residents of the regions and those wishing to honor the memory of the soldiers, we have arranged sidewalks and parking pockets, and also carried out landscaping of the territory near the memorials,” added Vyacheslav Petushenko, Chairman of the Board of the State Company Avtodor.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Canada: Veterans Affairs Canada and the Department of National Defence mark 80th anniversary of Victory in Europe Day

    Source: Government of Canada News

    Ottawa, ON Today, Veterans Affairs Canada and the Department of National Defence issued the following statement:

    “On 8 May 1945, Sir Winston Churchill took to the airwaves to declare the unconditional surrender of all German land, sea and air forces in Europe. The announcement marked the end of the Second World War in Europe, and a decisive victory for the Allied forces.  

    “For Canada, it meant the safe return of hundreds of thousands of troops that had fought so valiantly for freedom, democracy and global stability. Among them was Chief Warrant Officer Anton “Tony” Pearson, who enlisted in 1943 and helped liberate the Netherlands. He was in Oldenburg, Germany, with the South Saskatchewan Regiment when the German surrender was confirmed.

    “The end of the war was a moment of triumph for Canada, Newfoundland, and their Allies, but also one of solemn reflection as the more than 45,000 Canadians and Newfoundlanders who made the ultimate sacrifice were mourned. These losses would not be in vain.

    “Canada would go on to play a key role in shaping the post-war order, becoming a founding member of the United Nations (UN) and the North Atlantic Treaty Organization (NATO), and advocating for diplomacy, international development, the protection of human rights and the prevention of future conflicts.

    “At this time of increased volatility in the world, we must never forget that the peace won in the Second World War is not self-sustaining. It requires vigilance, cooperation, and a deep commitment from likeminded allies who believe in the values of democracy, justice, and human dignity. Through organizations like the UN and NATO, Canada is committed to collective defence, international cooperation and the pursuit of a world where conflicts are resolved through diplomacy rather than war.

    “As Churchill himself declared on Victory in Europe Day, 80 years ago today: ‘Long live the cause of freedom!’

    Associated Links:

    80th anniversary of the end of the Second World War – Veterans Affairs Canada

    MIL OSI Canada News

  • MIL-OSI: International companies to host live webcasts at Deutsche Bank’s Depositary Receipts Virtual Investor Conference on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference (“dbVIC”) on Thursday, May 15, 2025 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States.

    Representatives from participating companies based in China, Hong Kong, Philippines, Denmark, Germany, South Africa, Switzerland, Sweden, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies.

    There is no fee for participants to log in, attend live presentations and/or ask questions.

    Pre-registration is suggested. Please register here: www.adr.db.com/dbvic

    Conference Agenda May 15th, 2025 (US Eastern Standard Time):

    • 8:00 AM: Bavarian Nordic A/S (Nasdaq Copenhagen: BAVA, OTC: BVNRY)  
    • 8:30 AM: Viomi Technology Co., Ltd (NASDAQ: VIOT)
    • 9:00 AM: Infineon Technologies AG (Xetra: IFX, OTC: IFNNY)
    • 9:30 AM: Clicks Group Ltd (JSE: CLS, OTC: CLCGY)
    • 10:00 AM: First Pacific Company Ltd (HKEX: 142, OTC: FPAFY)
    • 10:30 AM: HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, and HKEX:13)
    • 11:00 AM: 51Talk Online Education Group (NYSE American: COE)
    • 11:30 AM: Yiren Digital Ltd. (NYSE: YRD)
    • 12:00 PM: ABB Ltd. (SIX: ABBN, OTC: ABBNY)
    • 12:30 PM: Belite Bio, Inc  (NASDAQ: BLTE)
    • 13:00 PM: Epiroc AB (Nasdaq Stockholm: EPIA, OTC: EPOAY)
    • 13:30 PM: International Airlines Group (LSE: IAG, MAD: IAG, OTC: ICAGY)
    • 14:00 PM: BDO Unibank, Inc (PSE: BDO, OTC: BDOUY)
    • 14:30 PM: iHuman Inc. (NYSE: IH)

    The presentations will be available for replay after the conference.

    In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

    For further information, please contact:
    Dylan Riddle
    Deutsche Bank AG
    Press & Media Relations
    Tel. +12122504982
    Cell. +1(904)3866481
    Email dylan.riddle@db.com

    Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

    Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference.

    The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”) on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.

    The MIL Network

  • MIL-OSI Russia: Marat Khusnullin inspected restored cultural sites as part of his working visit to the DPR

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Marat Khusnullin visited the Donetsk People’s Republic. As part of his working visit, he held a meeting on the socio-economic development programI region, and also inspected three museums in Mariupol, restored by the Leningrad Region under the supervision of the public-law company “Single Customer in the Sphere of Construction”.

    “I am very happy that we have reached such a pace of work in new regions that we can even work with museums. The local history museum survived and worked even during the Soviet Union’s fight against Nazi Germany, and in 2022 it was burned and looted. Specialists gave the building a second life and equipped it with an air conditioning and humidification system to preserve the exhibits. The museum was put into operation, so I asked the director to quickly open the doors to visitors. I also visited the Memorial House-Museum of Andrei Zhdanov, a statesman from Mariupol, created on the instructions of the President. The city bore Zhdanov’s name for 20 years, after which in 1989 it was returned to its historical name,” the Deputy Prime Minister said.

    During a meeting with the head of the DPR Denis Pushilin and the acting chairman of the DPR government Andrei Chertkov, Marat Khusnullin discussed the implementation of the regional budget, the repair of social facilities, the modernization of public utilities infrastructure, and the attraction of investment.

    “We discussed in detail the renovation of roads and the construction of housing. Denis Vladimirovich identified these topics as some of the most pressing for the further development of the republic and its economy. Therefore, now, within the framework of work not only on the restoration program, but also on the national project “Infrastructure for Life”, we need to take into account all available tools that can create the necessary conditions that improve the quality of life of residents,” the Deputy Prime Minister noted.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: Enphase Energy Announces Easy Expansion of IQ7 Solar Systems with IQ8 Microinverters

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., May 08, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced the availability of new software that allows homeowners with existing legacy IQ7™ Microinverter-based systems to seamlessly expand their solar capacity using IQ8™ Microinverters. This software is now available across North America, Europe, and other key markets.

    With over one million homes worldwide using IQ7™ Microinverters, many homeowners are now looking to expand their systems to reduce energy costs and boost energy independence. Enphase’s new software enables solar installers to upgrade these systems with IQ8™ Microinverters, built for high-powered solar panels, while using the existing IQ® Gateway or IQ® Combiner hardware.

    “Enphase’s new expansion capability with the IQ8 Microinverters is a game-changer for us,” said Jeremy White, project manager at Robco Electric, an installer of Enphase products in the United States. “It allows us to offer our customers a straightforward path to scale their systems as their energy needs grow. We can now deliver more power with fewer headaches, which helps us provide the best service and keeps our business running efficiently.”

    “Homeowners are increasingly asking for ways to get more out of their existing systems, and the new IQ8 Microinverters make that possible,” said Mauricio Llovera, CEO of INVERSOL, an installer of Enphase products in Mexico. “This solution is a win-win, as it not only benefits our customers but also enables us to take on more projects without the complexity of traditional system upgrades. It’s the kind of innovation we’ve come to expect from Enphase.”

    “We’re excited to see Enphase continue to build on its existing product suite, constantly making our lives easier,” said David Monnier, CEO of La Maison des Energies, an installer of Enphase products in Switzerland. “The IQ8 Microinverters provide a seamless integration experience, allowing us to maximize energy output for our customers while maintaining the reliability and quality Enphase is known for. This capability is a significant boost to our business.”

    “The ability to upgrade existing IQ7 systems with IQ8 Microinverters opens up new opportunities for homeowners in the Netherlands,” said Jack van der Linden, account manager at Green Guys BV, an installer of Enphase products in the Netherlands. “With energy prices fluctuating, our customers want to optimize their solar systems without costly overhauls. This new solution from Enphase allows them to do just that — scaling their energy production efficiently and cost-effectively.”

    “Enphase’s latest innovation simplifies system upgrades for our customers in France, making it easier than ever to enhance solar production,” said Julien Vouriot, CEO and founder of Solair’ Forez, an installer of Enphase products in France. “We can now provide homeowners with a seamless way to integrate the latest microinverter technology, ensuring they get the most out of their solar investments while maintaining system reliability.”

    “The new software release unlocks seamless interoperability between IQ7 and IQ8 microinverters, which empowers our global installer network to deliver more value with less effort,” said Aaron Gordon, senior vice president and general manager of the systems business unit at Enphase Energy. “It’s a win for homeowners and a growth driver for our installers.”

    Enphase’s software-defined energy systems allow homeowners the ability to scale and optimize their solar investments over time. For more information about adding IQ8 Microinverters to IQ7 systems, watch the video here and visit the regional websites — United States, France, Switzerland, the Netherlands, and Germany.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; and the ability to continually enhance and maximize the value of their investments over the lifetime of the systems. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: xSuite Group Partners with Trenex Consulting to Expand Global Reach

    Source: GlobeNewswire (MIL-OSI)

    Press Release xSuite

    xSuite Group Partners with Trenex Consulting to Expand Global Reach

    The Finance Automation consulting firm from the USA will now offer SAP user companies the software solutions of the German specialist for automated P2P processes

    Ahrensburg, Germany / Metairie, LA/USA – May 8, 2025 – xSuite Group and Trenex Consulting LLC entered into a partnership agreement in March 2025. As a new xSuite Solution Partner, Trenex will distribute, implement, and support xSuite’s solutions for automated invoice and procurement processes as well as archiving across the USA, Europe and the APAC region. Through this partnership with xSuite Group, Trenex is strategically repositioning itself within the SAP ecosystem and expanding its service portfolio for international customers.

    Headquartered in Louisiana, USA, Trenex Consulting is a globally operating IT advisory firm with deep expertise in financial process automation and SAP-driven business optimization. As companies worldwide face the challenges of digital transformation and transition to SAP S/4HANA, many are searching for modern, future-ready alternatives to legacy systems.

    Expanding SAP-Centric Capabilities

    The partnership allows Trenex to offer certified SAP solutions from xSuite that are compatible with all SAP deployment models—whether on-premises, in the cloud, or hybrid. xSuite’s modular and scalable P2P and archiving solutions stand out for their flexibility, global applicability, and futuristic product roadmap, making them ideal for companies to modernize their core financial processes ahead of their S/4 HANA migration.

    Shared Vision for Innovation and Client Value

    “We are excited to welcome Trenex as a solution partner that combines deep market knowledge with a strong track record in business process automation,” said Andreas Nowottka, Managing Director at xSuite Group. “Their commitment to delivering innovative and future-proof solutions to SAP clients around the globe aligns perfectly with xSuite’s mission.

    “Our clients demand state-of-the-art solutions—both technologically and functionally—regardless of whether they run SAP on-premises, in the cloud, or in a hybrid setup,” added Frank (Cheng) Fan, General Manager of Trenex Consulting LLC. “xSuite checks all the boxes: modular architecture, SAP certification, and international compatibility. We also greatly value their collaborative approach and future-driven roadmap, which will empower us to support our clients over the long term.”

    About Trenex Consulting LLC
    Trenex Consulting is a global IT solutions provider specializing in ERP, EPM, Financial Process Automation (FPA), and Robotic Process Automation (RPA). With deep SAP expertise, a multilingual team, and around-the-clock support, Trenex delivers tailored services to help businesses drive digital transformation and optimize core operations worldwide. https://www.trenexconsulting.com/

    About xSuite Group
    With offices in Asia, Europe, and the U.S., xSuite is a leading innovator in optimizing SAP-based P2P workflows. The company provides software solutions and implementation services to over 1,600 clients worldwide, making it a trusted partner in modernizing AP systems and automating manual, paper-based processes.

    Press Contact:
    xSuite Group / Headquarters

    Barbara Wirtz
    Marketing & PR
    Tel. +49 (0)4102/88 38 36
    barbara.wirtz@xsuite.com
    www.xsuite.com

    Partner Contact:
    xSuite Group / International

    Tony Cheung
    Global Vice President
    Enterprise Accounts & Strategic Alliances
    Tel. +44 7561 893170
    tony.cheung@xsuite.com
    www.xsuite.com

    Attachment

    The MIL Network

  • MIL-OSI: Stack Capital Group Inc. Reports Q1-2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 08, 2025 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (“Stack Capital” or the “Company”) (TSX:STCK; TSX:STCK.WT.A) today announced its financial results for the quarter ended March 31, 2025. Stack Capital reports all amounts in Canadian Dollars unless otherwise stated.

    Company Commentary:

    • As at March 31, 2025, Book Value per Share (BVpS) of the Company was $12.06, compared with $12.29 as at December 31, 2024.
    • Stack Capital had its first portfolio investment, CoreWeave (an AI hyper-scaler) go public on March 28, 2025, an exciting milestone for both the Company and CoreWeave. During the quarter, and prior to the IPO, Stack invested an additional US$2.2 million into CoreWeave.
    • As of March 31, 2025, the Company wrote down its investment in CoreWeave by US$2.4 million to reflect its closing price of US$37.08. Since then, however, CoreWeave’s share price has increased to US$53.60 (as of close on May 7, 2025), representing a 45% gain from March 31, 2025, equating to an estimated $0.45 increase to Stack Capital’s BVpS since quarter end. The Company believes that CoreWeave’s share price has the potential to increase over the next several months as it reports its initial quarterly results, announces potential new business deals, and general market sentiment improves with anticipated resolutions to global trade/tariffs and other geo-political issues.
    • During Q1, Shield AI raised US$240 million at a US$5.3 billion valuation, resulting in an increase to the position value within the portfolio. Shield AI also recently announced significant strategic partnerships with both Boeing (March 2025) and Airbus U.S. Space & Defense (April 2025). Shield AI’s Hivemind solution will be used to improve and expand unmanned capabilities across the aerial programs at both companies, serving to further validate Shield AI’s leadership position in AI pilot technology.
    • Following quarter-end, SpaceX received approval from the Federal Aviation Administration (FAA) to increase the number of its Starship launches to 25 times per year, up from 5 times per annum under its previous license. This increase in launch cadence for future Starship test flights is significant and will eventually benefit Starlink (SpaceX’ satellite communications business) through the faster deployment of its next generation satellites, once Starship becomes fully operational.
    • In March, Locus Robotics unveiled its brand new ‘Array’ autonomous mobile robot at LogiMat in Stuttgart, Germany, and at ProMat in Chicago. As the industry’s most advanced AI-powered, zero-touch fulfillment system, Array eliminates 90% of manual labour for picking, putaway, and returns of merchandise within warehouse and third-party logistics facilities. Leveraging the latest advances in AI vision technology, Array delivers ultra-efficient order picking, unmatched cost per pick, along with the unique ability to pick and consolidate multiple orders simultaneously.
    • Following quarter-end, Omio, a leading multi-modal travel booking platform, announced its expansion into Southeast Asia, unlocking over 14,000 bus routes from over 1,800 transportation providers across Singapore, Vietnam, Thailand, Malaysia, Indonesia, and Cambodia, adding to its existing flight options in the region. Omio also plans to add ferry and rail services over the coming months and is aiming to be a comprehensive multi-modal travel provider by Q4-2025, in time for peak season of Southeast Asian travel. Following the announcement, the Omio app now unifies transportation across 3 continents and 45 countries.
    • As at March 31, 2025, the Book Value of the Company was $129.7 million, and the Book Value per Share was $12.06. A detailed summary of Book Value per Share is as follows:
    Breakdown of Book Value per Share as at March 31, 2025:  
    SpaceXi(space exploration & satellite communications) $ 2.18  
    Locus Robotics, Inc. (autonomous robots)   1.32  
    Canva, Inc. (graphic design)   1.29  
    Omio, Inc.ii(travel & leisure)   1.11  
    Hopper, Inc. (travel & leisure)   1.07  
    Newfront Insurance, Inc. (insurance & benefits)   1.07  
    Prove Identity, Inc.iii(cyber-security)   1.02  
    CoreWeave, Inc. (AI hyper-scaler)   1.01  
    Bolt Financial, Inc. (e-commerce)   0.50  
    Shield AI, Inc.iv(military defence)   0.39  
    Varo Money, Inc. (neo-banking)   0.13  
    Cash   1.00  
    Net other assets   (0.03 )
    Book Value per Share $ 12.06  

    i the Company is invested in Space Exploration Technologies Corp. (“SpaceX”) through a Special Purpose Vehicle, Space LP.
    ii the Company invested in shares of GoEuro Corp. which carries on business as Omio.
    iii the fair value of Prove Identity Inc. includes an unrealized deferred gain of $1,021,025
    iv the Company is invested in Shield AI through a Special Purpose Vehicle, Defence AI LP

    About Stack Capital

    Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses. Through Stack Capital, shareholders have the opportunity to gain exposure to a diversified private investment portfolio; participate in the private market; and have liquidity due to the listing of the Common Shares & Warrants on the TSX. At the same time, the public structure also allows the Company to focus its efforts on maximizing long-term performance through a portfolio of high growth businesses, which are not widely available to most Canadian investors. SC Partners Ltd. acts as the Company’s administrator and is responsible to source and advise with respect to all investments for the Company.

    For more information, please visit our website at www.stackcapitalgroup.com or contact:
    Brian Viveiros
    VP, Corporate Development, and Investor Relations
    647.280.3307
    brian@stackcapitalgroup.com

    Non-IFRS Financial Measures

    This press release may make reference to the following financial measures which are not recognized under International Financial Reporting Standards (“IFRS”), and which do not have a standard meaning prescribed by IFRS:

    • Book Value – the aggregate fair value of the assets of the Company on the referenced date, less the aggregate carrying value of the liabilities, excluding any deferred taxes or unrealized deferred gains or losses if applicable, of the Company; and
    • Book Value per Share (BVpS) – the Book Value on the referenced day divided by the aggregate number of Common Shares that are outstanding on such day.

    The Company’s Book Value and Book Value per Share is a measure of the performance of the Company as a whole. The Company’s method of determining this financial measure may differ from other issuers’ methods and, accordingly, this amount may not be comparable to measures used by other issuers. This financial measure is not a performance measure as defined under IFRS and should not be considered either in isolation of, or as a substitute for, net earnings per share prepared in accordance with IFRS.

    Cautionary Note Regarding Forward-Looking Information

    This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this press release includes but may not be limited to the business of Stack Capital and the risks associated therewith, including those identified in the Annual Information Filing under the heading “Risk Factors”.

    Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although Stack Capital believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Stack Capital can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the ability to capitalize on investment opportunities. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of Stack Capital based on information currently available to Stack Capital.

    Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Stack Capital disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events, or results or otherwise. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

    The MIL Network

  • MIL-OSI: Himax Technologies, Inc. Reports First Quarter 2025 Financial Results; Provides Second Quarter Guidance

    Source: GlobeNewswire (MIL-OSI)

    Q1 2025 Revenues At the High End of Projected Range, Gross Margin In-Line, EPS Exceeded Guidance Range Issued on February 13, 2025
    Company Q2 2025 Guidance: Revenues to Decrease 5.0% to Increase 3.0% QoQ, Gross Margin is Expected to be Around 31.0%. Profit per Diluted ADS to be 8.5 Cents to 11.5 Cents

    • Q1 2025 revenues were $215.1M, a decrease of 9.3% QoQ, reaching the high end of the guidance range of 8.5% to 12.5% decrease QoQ
    • Q1 GM reached 30.5%, in line with guidance of around 30.5%, flat from last quarter but up from 29.3% the same period last year, mainly a result of favorable product mix and continued cost optimization
    • Q1 2025 after-tax profit was $20.0M, or 11.4 cents per diluted ADS, exceeding the guidance range of 9.0 cents to 11.0 cents
    • Himax Q2 2025 revenues to decline 5.0% to increase 3.0% QoQ. GM to be around 31.0%, up from 30.5% in the prior quarter. Profit per diluted ADS to be in the range of 8.5 cents to 11.5 cents
    • Currently, tariffs have not had a significant direct impact on Himax’s business
    • Conservative Q2 revenue guidance reflects customers’ overall caution toward the global economic outlook and end market demand. Low 2H25 market visibility as tariff negotiations continues
    • As the tariff-driven supply chain restructuring gains momentum, Himax is deepening its well-established Taiwan supply chain and strengthening into CN, KR, SG to enhance production flexibility, cost competitiveness and mitigate geopolitical risks
    • Despite near-term headwinds, Himax continues to lead the global automotive display market, holding a 40% share in DDIC, over 50% in TDDI, and an even higher share in cutting-edge local dimming Tcon technologies
    • Sample shipments of first-gen silicon photonics packaging solution for engineering validation and trial production are proceeding as planned. Himax continues to advance technology roadmap in close collaboration with FOCI, top-tier AI companies, and foundry partner through joint development of future-gen CPO solutions to meet the escalating bandwidth requirements driven by AI and HPC
    • Despite the volatile geopolitical environment, Himax continues to actively explore high-growth markets to expand global footprint while developing long-term competitive advantages. Established a three-party strategic alliance with Powerchip and Tata Electronics. The collaboration echoes the “Make in India” strategy of the Indian government for high-tech areas while exploring India’s vast market demand

    TAINAN, Taiwan, May 08, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the first quarter 2025 ended March 31, 2025.

    “The recent abrupt and significant NT dollar appreciation against the US dollar, its impact on our Q2 financial results is limited and has been accounted for in Q2 financial guidance. Currently, tariffs have not had a significant direct impact on Himax’s business, as our IC products are not directly exported to the U.S. Amid the volatile macro environment, most panel customers have adopted a make-to-order model and are keeping inventories lean. In response, we are carefully monitoring wafer-starts, maintaining low inventory levels, and rigorously controlling operating expenses,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax.

    “Automotive IC business currently accounts for half of Himax’s revenue. Having served the automotive display market for almost two decades, Himax has maintained a balanced global market share across major regions while demonstrating technological leadership and offering the industry’s most comprehensive suite of panel ICs, spanning LCD to OLED. Combined with over a decade of loyal relationships with global Tier 1 suppliers and automotive brands, these strengths help mitigate potential risks from tariffs and reinforce the long-term stability of our automotive business. In addition, Himax remains committed to a number of innovative fields, namely ultralow power AI, AR glasses, and co-packaged optics. These innovative fields are relatively less affected by macroeconomic fluctuations, and customer development efforts have not slowed due to tariff uncertainties. We expect these businesses to contribute meaningfully to both revenue and gross margin in the years ahead,” concluded Mr. Jordan Wu.

    First Quarter 2025 Financial Results

    Himax net revenues registered $215.1 million, a decrease of 9.3% sequentially, reaching the high end of guidance range of a decline of 8.5% to 12.5%, but representing a 3.7% increase year over year. Gross margin was 30.5%, in line with guidance of around 30.5%, flat from last quarter and up from 29.3% in the same period last year. The year-over-year increase was driven by a favorable product mix and continued cost optimization. Q1 profit per diluted ADS was 11.4 cents, exceeding the guidance range of 9.0 to 11.0 cents, primarily due to lower operating expenses.

    Revenue from large display drivers came in at $25.0 million, flat from last quarter despite the seasonal downturn. This was primarily driven by demand spurred by Chinese government subsidies aimed at reviving domestic consumption. Notebook and monitor IC sales both recorded solid double-digit growth in Q1. In contrast, TV IC sales declined as expected, due to customers pulling forward their inventory purchases in the prior quarter. Sales of large panel driver ICs accounted for 11.6% of total revenues for the quarter, compared to 10.5% last quarter and 15.1% a year ago.

    Revenue from the small and medium-sized display driver segment totaled $150.5 million, reflecting a sequential decline of 9.8% amid a typical low season. However, Q1 automotive driver sales, including both traditional DDIC and TDDI, outperformed guidance of a low-teens sequential decline, declining just single digit from the last quarter. The sequential decline reflected the waning effect of the Chinese government’s renewed trade-in stimulus, announced in mid-August 2024, while demand in other major markets remained stable. Q1 auto IC sales rose nearly 20% year over year, reflecting ongoing customer reliance on Himax’s technology and the strength of Company’s competitive moat. Himax’s automotive business, comprising DDIC, TDDI, Tcon, and OLED IC sales, remained the largest revenue contributor in the first quarter, representing more than 50% of total revenues. Meanwhile, both smartphone and tablet driver sales declined as expected amid a subdued festival season. The small and medium-sized driver IC segment accounted for 70.0% of total sales for the quarter, compared to 70.3% in the previous quarter and 69.5% a year ago.

    Q1 non-driver sales reached $39.6 million, a 12.8% decrease from the previous quarter. The sequential decline was primarily attributable to the absence of a one-time ASIC Tcon shipment to a leading projector customer in the prior quarter, coupled with a moderation in automotive Tcon shipments after several quarters of robust growth. That being said, Himax’s position in local dimming Tcon for automotive remains unrivaled, supported by increasing validation and adoption from leading panel makers, Tier 1 suppliers, and automotive manufacturers around the world. Himax also has a robust pipeline of over two hundred design-win projects that are set to gradually enter mass production in the coming years. Non-driver products accounted for 18.4% of total revenues, as compared to 19.2% in the previous quarter and 15.4% a year ago.

    First quarter operating expenses were $45.7 million, a decrease of 7.0% from the previous quarter and a decline of 9.8% from a year ago. Amid ongoing macroeconomic challenges, Himax is strictly enforcing budget and expense controls.

    First quarter operating income was $19.8 million or 9.2% of sales, compared to 9.7% of sales last quarter and 4.8% of sales for the same period last year. The sequential decrease was mainly the result of lower sales, offset by lower operating expenses. The year-over-year increase resulted primarily from higher sales, improved gross margins, and lower operating expenses. First-quarter after-tax profit was $20.0 million, or 11.4 cents per diluted ADS, compared to $24.6 million, or 14.0 cents per diluted ADS last quarter, and up from $12.5 million, or 7.1 cents in the same period last year.

    Balance Sheet and Cash Flow

    Himax had $281.0 million of cash, cash equivalents and other financial assets as of March 31, 2025. This compares to $277.4 million at the same time last year and $224.6 million a quarter ago. Himax achieved a strong positive operating cash flow of $56.0 million for the first quarter. As of March 31, 2025, Himax had $33.0 million in long-term unsecured loans, with $6.0 million being the current portion.

    Himax’s quarter-end inventories as of March 31, 2025 were $129.9 million, lower than $158.7 million last quarter and $201.9 million same period last year. Himax’s inventory levels have steadily declined for ten consecutive quarters since peaking during the Covid 19 pandemic when the industry was undergoing a supply shortage. As macroeconomic uncertainty impairs visibility across the ecosystem, Himax will continue to manage its inventory conservatively. Accounts receivable at the end of March 2025 was $217.5 million, down from $236.8 million last quarter but slightly up from $212.3 million a year ago. DSO was 91 days at the quarter end, as compared to 96 days last quarter and 93 days a year ago. First quarter capital expenditures were $5.2 million, versus $3.2 million last quarter and $2.7 million a year ago. First quarter capex was mainly for R&D related equipment for Company’s IC design business and ongoing construction of a new preschool near Himax’s Tainan headquarters for children of employees. The preschool is scheduled to open in 2026, reinforcing Company’s commitment to a family‑friendly workplace.

    Prior to today’s call, Himax announced an annual cash dividend of 37.0 cents per ADS, totaling $64.5 million and payable on July 11, 2025, with a payout ratio of 81.1% of the previous year’s profit. Himax will continue to focus on maintaining a healthy balance sheet while driving sustainable long-term growth to deliver value for its shareholders through high dividends and share repurchases.

    Outstanding Share

    As of March 31, 2025, Himax had 174.9 million ADS outstanding, unchanged from last quarter. On a fully diluted basis, the total number of ADS outstanding for the first quarter was 175.1 million. 

    Q2 2025 Outlook

    On the recent abrupt and significant NT dollar appreciation against the US dollar, its impact on Himax’s Q2 financial results is limited and has been accounted for in the financial guidance for the quarter. All of Himax’s revenues and nearly all of its cost of sales are US dollar denominated, providing a natural hedge for its buying and selling activities. In addition, the bulk of our R&D expenses, save for employee salaries, are also US dollar based. For employee compensation, a major item of Himax’s operating expenses, while its employees are paid in the local currency of their location for their salaries, their bonuses are all US dollar based. Other major non-US dollar expenses, mostly NT dollar-denominated, include utilities and income tax expenses. While Company don’t hedge for currency risk of our non-US dollar based operational expenses as the cost of such hedging would usually outweigh the benefit, Himax does purchase NTD in advance to cover the income tax payable, thereby minimizing the currency risk of a major expense item.

    The recently announced U.S. tariff measures have intensified global trade tensions, triggered volatility in capital markets, and heightened macroeconomic and market demand uncertainty. Currently, tariffs have not had a significant direct impact on Himax’s business, as Company’s IC products are not directly exported to the U.S. Instead, they are assembled into panels or modules by customers outside the United States and then sold into global markets, including the United States. Just a negligible portion — about 2%—of Himax’s products are shipped directly to the United States. Only customers for these products are subject to U.S. tariffs. Almost all of these products are manufactured in Taiwan. While some customers have requested early shipments to avoid tariff duties, many others have opted to defer their orders amid ongoing tariff-related uncertainties. The company’s conservative Q2 revenue guidance reflects the highly cautious stance of its customers in general toward the global economic outlook and end market demand amid ongoing tariff development. Looking into the second half of the year, overall market visibility remains low with the world continuing to closely monitor the development of tariff negotiations. As the tariff-driven supply chain restructuring gains momentum, Himax is deepening its well-established supply chain in Taiwan while further strengthening its supply chain presence in China, Korea, Singapore, and other regions to ensure production flexibility and cost competitiveness, and to better mitigate geopolitical risks.   

    Amid the volatile macro environment, most panel customers have adopted a make-to-order model and are keeping inventories lean. In response, Himax is carefully monitoring wafer-starts, maintaining low inventory levels, and rigorously controlling operating expenses. Concurrently, Company is further optimizing costs by diversifying both foundry and backend packaging and testing, while mitigating risks and enhancing manufacturing flexibility. This approach is exemplified by the major milestone recently achieved in automotive display IC collaboration with Nexchip in China, with products now in mass production and adopted by leading automakers. This not only validates Himax’s diversified supply chain strategy but also underscores its steadfast commitment to scaling capacity and cost optimization.

    Automotive IC business currently accounts for half of Himax’s revenue. Having served the automotive display market for almost two decades, Himax has maintained a balanced global market share across major regions while demonstrating technological leadership and offering the industry’s most comprehensive suite of panel ICs, spanning LCD to OLED. Combined with over a decade of loyal relationships with global Tier 1 suppliers and automotive brands, these strengths help mitigate potential risks from tariffs and reinforce the long-term stability of Himax’s automotive business.

    In addition, Himax remains committed to a number of innovative fields, namely ultralow power AI, AR glasses, and co-packaged optics (CPO). Technologies in these areas are approaching maturity and offer substantial growth potential. As a pioneer and leader in key technologies enabling these novel areas, Himax is working closely with supply chain partners, from technology development through to mass production, to actively expand new business opportunities. These innovative fields are relatively less affected by macroeconomic fluctuations, and customer development efforts have not slowed due to tariff uncertainties. Himax expects these businesses to contribute meaningfully to both revenue and gross margin in the years ahead.

    Despite the volatile geopolitical environment, Himax continues to actively explore high-growth markets, establish close partnerships with industry-leading companies, and continue to expand its global footprint while developing long-term competitive advantages. In Himax’s latest cross-border cooperation the Company established a three-party strategic alliance with Powerchip and Tata Electronics, a subsidiary of Tata Group, India’s largest and most influential conglomerate. This collaboration combines Tata Electronics’ deep manufacturing and local supply chain integration strengths, Powerchip’s mature wafer manufacturing capabilities, and Himax’s leading display IC and WiseEye ultralow power AI sensing technologies to jointly create a powerful ecosystem. The collaboration echoes the “Make in India” strategy of the Indian government for high-tech areas while exploring the huge potential demand of the Indian market.

    Display Driver IC Businesses

    LDDIC

    In Q2 2025, Himax anticipates large display driver IC sales to decline by a single digit sequentially, driven by customers’ pull forward orders placed in prior quarters, against the backdrop of Chinese government subsidies boosting domestic consumption. Monitor and notebook IC sales are expected to decrease in Q2, whereas TV IC sales are set to increase sequentially, driven by higher shipments to key end customers.

    Looking ahead in the notebook sector, Himax is observing a growing trend for premium notebooks to adopt OLED displays and advanced touch features, partially fueled by the rise of AI PC. Himax is well-positioned to capitalize on this trend, offering a comprehensive range of ICs for both LCD and OLED notebooks, including DDIC, Tcon, touch controllers, and TDDI. In addition, Himax is expanding its high-speed interface product portfolio to support faster data transfer rates, lower latency, and improved power efficiency, features that are critical for next-generation displays. Himax has made progress on the next-generation eDP 1.5 display interface for Tcon for both LCD and OLED panels. This high-speed interface supports high frame rates, low power consumption, adaptive sync, and high resolution, key features essential for next-generation AI PCs. Through ongoing portfolio expansion and continuous technology innovation, Himax is well-positioned to lead in the rapidly evolving landscape of AI PCs and premium notebooks.

    SMDDIC

    Q2 small and medium-sized display driver IC business is expected to decline single-digit from the last quarter. Himax expects Q2 automotive driver IC sales, including both TDDI and traditional DDIC, to decline mid-teens sequentially, reflecting the combined impact of tariffs and the waning effect of China’s automotive subsidy program. Despite these near-term headwinds, automotive TDDI adoption continues to expand across the globe, driven by growing demand for more intuitive, interactive, and cost-effective touch panel features essential in modern vehicles. Himax’s cumulative shipments of automotive TDDI have outpaced competitors, with nearly 500 design-in projects secured to date, the majority of which have yet to enter mass production. On top of a continuous influx of new pipelines and design wins across the board, Himax is well-positioned for continued growth, further reinforcing Himax’s leadership in this space. For automotive DDIC, Himax continues to see solid shipment volume for automotive DDICs for non-touch applications including cluster displays, HUDs, and rear- and side-view mirrors. Company’s confidence is further strengthened by the growing proliferation of advanced technologies, such as LTDI (Large Touch and Display Driver Integration) in large-display car models. Himax is a pioneer in LTDI technology, which supports seamless, integrated large touch display panels, typically larger than 30 inches or spanning pillar-to-pillar across the entire width of the cockpit. LTDI also features high-density touch functionality for responsive performance, making it ideal for next-generation smart cabin designs that emphasize large displays and intuitive touch interaction. Additionally, Himax is seeing an increasing number of customers choosing to adopt its integrated LTDI and Tcon solution as the standard platform for their ultra large automotive display development. Such panels typically require four or more LTDI chips and at least one local dimming Tcon per panel. This growing platform adoption of more of Himax’s automotive IC offerings not only reflects strong customer loyalty to its technologies but also signifies an increase in content value for Himax on a per-panel basis. Multiple projects with global leading car brands are set to begin mass production starting the end of 2025. Himax continues to lead the global automotive display market, holding a 40% share in DDIC, over 50% in TDDI, and an even higher share in cutting-edge local dimming Tcon technologies.

    Himax expects Q2 smartphone IC revenues to decline mid-teens from last quarter, while tablet IC sales are poised to grow by high teens sequentially, driven by renewed demand from leading customers following several quiet quarters.

    On OLED business update. In the automotive OLED market, Himax has forged strategic alliances with leading panel makers in Korea, China, and Japan. As OLED technology expands beyond premium car models, Himax is well positioned to become the partner of choice and accelerate OLED adoption in vehicles by capitalizing on its strong presence and proven track record in automotive LCD displays. Leveraging Himax’s first mover advantage, Company offers a comprehensive suite of solutions, including DDIC, Tcon, and on-cell touch controllers. It’s worth noting that Himax’s advanced OLED on-cell touch-control technology boasts an industry-leading signal-to-noise ratio exceeding 45 dB, delivering reliable performance even under challenging operational conditions such as glove wearing or wet-finger. The solution entered mass production in 2024, and an increasing number of leading global brands are rapidly adopting it for their premium car models. Himax expects to be a key beneficiary of the shift to OLED displays for the automotive industry over the next few years, unlocking a new growth driver for Himax that further reinforces its market leadership.

    In addition, Himax has expanded its comprehensive OLED portfolio into the tablet and notebook markets, covering DDIC, Tcon, and touch controllers, through partnerships with leading OLED panel makers in Korea and China. Several new projects are slated to enter mass production with top-tier brands later this year. Meanwhile, Himax is developing value-added features, such as active stylus and gaming models to further enhance its product differentiation and competitive edge. In the smartphone OLED market, Himax is making solid progress in its collaborations with customers in Korea and China and expects mass production to start later this year.

    Non-Driver Product Categories

    Q2 non-driver IC revenues are expected to increase low teens sequentially.

    Timing Controller (Tcon)

    Himax anticipates Q2 2025 Tcon sales to increase high teens sequentially, primarily due to increased shipment of Tcon for notebook and automotive products. Automotive Tcon sales are set to increase by double digit in Q2, fueled by a strong pipeline of over two hundred design-win projects gradually entering mass production. With a steady influx of new projects, coupled with growing validation and widespread adoption of Himax’s local dimming Tcon in both premium and mainstream car models worldwide, Himax continues to maintain an unchallenged leadership position with a dominant market share. In the second quarter, Himax expects Tcon business to account for over 12% of total sales, with notable contributions from automotive Tcon. Meanwhile, head-up-display (HUD) is emerging as a major growth area within automotive displays, where local dimming Tcon adoption is accelerating. Himax’s industry-leading local dimming Tcon eliminates the “postcard effect” often seen in HUDs, caused by backlight leakage typical of conventional TFT LCD panels, delivering crisp, high‑fidelity images on the windshield. Additionally, it features advanced transparency detection to prevent the display from obstructing the driver’s view, thereby ensuring driving safety. With several HUD projects already underway and increasing inquiries, Himax is excited about the potential opportunity ahead. Himax’s automotive Tcon business is well positioned for growth over the next few years.

    WiseEye™ Ultralow Power AI Sensing

    On the update of WiseEye™ ultralow power AI sensing solution, a cutting-edge endpoint AI integration featuring industry-leading ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm. In the rapidly evolving AI landscape, WiseEye AI technology stands out for its expertise in on‑device AI, characterized by remarkably low power consumption, operating at just single‑digit milliwatts, and enabling AI functionality in battery‑powered endpoint devices. Additionally, WiseEye AI significantly extends battery life and improves overall data processing efficiency by offloading tasks from the main processor. These attributes unlock new opportunities across a wide range of everyday battery‑powered endpoint applications, evidenced by broad adoption of WiseEye AI across diverse applications, including notebooks, tablet, smart door locks, surveillance systems, access control, smart retail and many others.

    On notebook, building on the success with Dell notebooks, WiseEye AI is expanding into additional use cases across other leading notebook brands, with some entering production later this year and expanding further into 2026. The growing adoption is further fueled by the rise of AI PCs, as WiseEye’s ultralow power, on-device inference capabilities align seamlessly with the industry’s shift toward more intelligent, context-aware, and energy-efficient computing. WiseEye’s advanced local inferencing technology enables real-time, high-precision user engagement detection by analyzing presence and motion, supporting a broad set of intelligent features, such as head pose estimation, gaze tracking, facial expression recognition, voice command, adaptive screen dimming, secure identity authentication and many others. These features enhance interactivity and user comfort without compromising battery life or system performance, making it fit for the demands of high performance and energy efficient next-generation AI PCs.

    WiseEye also continues to achieve significant market success across various sectors such as smart door lock where Himax introduced the world’s first smart door lock with 24/7 sentry monitoring and real-time event recording. Himax is now expanding globally by collaborating with a number of leading door lock makers worldwide to integrate a suite of innovative AI features, including palm vein biometric access, parcel recognition, and anti-pinch protection. Several of these value-added solutions are slated for mass production later this year. WiseEye also powers smart retail, exemplified by Himax’s collaboration with E Ink on e‑Signage. Its always‑on AI detects viewer attributes, such as gender, appearance, and age, followed by real-time personalized ads and nearby product recommendations, creating immersive engagement that elevates the in‑store shopping experience.

    For an update on Himax’s WiseEye module business. Equipped with pre-trained no-code or low-code AI, WiseEye modules simplify AI integration and support diverse use cases, including human presence detection, gender and age recognition, gesture recognition, face mesh, voice commands, thermal image sensing, palm vein authentication, and people flow management. Among them, the Himax PalmVein module has generated strong engagement across several industries. Multiple design wins have been secured, with mass production underway by global customers for smart access, workforce management and smart door lock, as Himax continues to explore additional application opportunities. Meanwhile, to meet growing demand for flexible access control in varied settings, the upgraded WiseEye PalmVein suite now combines palm‑vein recognition and facial recognition with peephole‑camera input, underpinned by an advanced liveness check for high‑precision, multi‑modal authentication. This upgraded PalmVein module not only enhances security by offering multiple layers of biometric verification but also ensures adaptability across a wide range of environments. These attributes make it particularly appealing to global brands looking to differentiate their products with enhanced security, greater user convenience, and flexible customization. Himax  anticipates increasing sales contribution from WiseEye PalmVein across a diverse array of applications starting next year and are excited about its long-term growth potential. Looking ahead, WiseEye is poised to scale rapidly across the broader AIoT market and emerge as a key growth driver for Himax in the years ahead.

    Separately, Himax is bringing intelligent, ultralow power, always‑on AI sensing to AR glasses. Powered by real‑time, context‑aware AI running at single‑digit‑milliwatt, WiseEye uniquely delivers the two essentials for AR devices: instant responsiveness and all‑day battery life. These advantages have already led to WiseEye AI being adopted by a leading AR glasses platform, with ongoing engineering engagements involving several other prominent global AR tech names for their upcoming AR glasses. WiseEye supports always-on outward sensing, enabling AR glasses to detect and analyze the surrounding environment in real time. This empowers instant response and key functionality such as object recognition, navigation assistance, translation, and environmental mapping, greatly enhancing the overall AR experience. WiseEye also enables precise inward sensing, detecting subtle eye movements, gaze direction, pupil size, and blinking, providing critical data for more intuitive and natural user interactions in AR applications.

    Wafer Level Optics (WLO)

    In June 2024, Himax, in partnership with FOCI, a world leader in silicon photonics connectors, unveiled a state-of-the-art silicon photonics packaging technology, a critical technology to enable co-packaged optics (CPO) technology. This innovation of CPO integrates silicon photonic chips and optical connectors within multi-chip modules (MCM), replacing traditional metal wire transmission with high-speed optical communication. The technology significantly enhances bandwidth, boosts data transmission rates, reduces signal loss and latency, lowers power consumption, and significantly minimizes the size and cost of MCM.

    Currently, sample shipments of Company’s first-generation silicon photonics packaging solution for engineering validation and trial production are proceeding as planned, with volumes set to increase in the coming quarters. In addition, Himax continues to advance its technology roadmap in close collaboration with FOCI, top-tier AI companies, and foundry partner through the joint development of future-generation CPO solutions to meet the escalating bandwidth requirements driven by AI and HPC applications.

    Himax is pleased to see its partner, FOCI, achieving significant advancements in silicon photonics packaging, with notable improvements in automated production and testing. Together, Himax and FOCI are actively progressing in process validation and yield optimization to enable full-scale production for leading AI customers. Himax is exceptionally positioned to capitalize on future growth opportunities in high-performance computing, AI inference, and data center markets.

    Alongside the CPO progress, certain global technology leaders are now engaging Himax’s WLO expertise to develop next‑generation waveguides for AR glasses, a testament to the market’s growing confidence in Company’s WLO technology.

    With strong growth opportunities from CPO and AR glasses in the making, Himax is as optimistic as ever that its WLO business can emerge as a significant revenue and profit engine in the years ahead.

    LCoS

    On Himax’s latest advancement in LCoS microdisplay technology. At Display Week 2025 next week in San Jose, Himax will debut its ultra-luminous, miniature Dual-Edge Front-lit LCoS microdisplay. This industry-leading solution integrates both the illumination optics and LCoS panel into an exceptionally compact form factor, as small as 0.09 c.c., and weighing only 0.2 grams, while targeting up to 350,000 nits brightness and 1 lumen output at just 250mW maximum total power consumption, demonstrating unparalleled optical efficiency. The luminance breakthrough ensures excellent eye-level visibility even in bright ambient conditions, while its compact form factor enables the development of sleek, everyday AR glasses. With industry-leading compact form factor, superior brightness and power efficiency, it is ideally suited for next-generation AR glasses and head-mounted displays where space, weight, and thermal constraints are critical. Growing collaborations with leading global tech companies are underway. Himax is confident that its technological advancements will help revitalize the AR glasses market, drive its expansion, and unlock new possibilities for immersive visual experiences.

    Second Quarter 2025 Guidance  
    Net Revenue: Decline 5.0% to Increase 3.0% QoQ
    Gross Margin: Around 31.0%, depending on final product mix
    Profit: 8.5 cents to 11.5 cents per diluted ADS
       

     

    HIMAX TECHNOLOGIES FIRST QUARTER 2025 EARNINGS CONFERENCE CALL 
    DATE: Thursday, May 8, 2025
    TIME: U.S.       8:00 a.m. EDT
      Taiwan  8:00 p.m.
       
    Live Webcast (Video and Audio): http://www.zucast.com/webcast/tUOBrqcV
    Toll Free Dial-in Number (Audio Only): Hong Kong 2112-1444
      Taiwan 0080-119-6666
      Australia 1-800-015-763
      Canada 1-877-252-8508
      China (1) 4008-423-888
      China (2) 4006-786-286
      Singapore 800-492-2072
      UK 0800-068-8186
      United States (1) 1-800-811-0860
      United States (2) 1-866-212-5567
    Dial-in Number (Audio Only):  
      Taiwan Domestic Access 02-3396-1191
      International Access +886-2-3396-1191
    Participant PIN Code: 3300508 #  

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 3300508 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where it will remain available until May 8, 2026.

    About Himax Technologies, Inc.
    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements
    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:
      
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    -Financial Tables-

    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Profit or Loss
    (These interim financials do not fully comply with IFRS because they omit all interim disclosure required by IFRS)
    (Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data)
     
      Three Months
    Ended March 31,
      3 Months
    Ended
    December 31,
       2025    2024   2024
               
    Revenues          
    Revenues from third parties, net $ 215,095     $         207,544     $ 237,182  
    Revenues from related parties, net           38               6               41  
                215,133               207,550               237,223  
               
    Costs and expenses:          
    Cost of revenues           149,581               146,805               164,963  
    Research and development           34,987               39,664               37,584  
    General and administrative           5,557               5,890               5,711  
    Sales and marketing           5,202               5,162               5,886  
    Total costs and expenses           195,327               197,521               214,144  
               
    Operating income           19,806               10,029               23,079  
               
    Non operating income (loss):          
    Interest income           2,312               2,524               2,042  
    Changes in fair value of financial assets at fair value through profit or loss           (17 )             (7 )             1,245  
    Foreign currency exchange gains, net           345               941               690  
    Finance costs           (903 )             (1,018 )             (964 )
    Share of losses of associates           (742 )             (221 )             (360 )
    Other gains           3,205               –               –  
    Other income           17               29               60  
                4,217               2,248               2,713  
    Profit before income taxes           24,023               12,277               25,792  
    Income tax expense           3,841               –               761  
    Profit for the period           20,182               12,277               25,031  
    Loss (profit) attributable to noncontrolling interests           (195 )             221               (423 )
    Profit attributable to Himax Technologies, Inc. stockholders $         19,987     $         12,498     $         24,608  
               
    Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders $         0.114     $         0.072     $         0.141  
    Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders $         0.114     $         0.071     $         0.140  
               
    Basic Weighted Average Outstanding ADS           174,913               174,724               175,008  
    Diluted Weighted Average Outstanding ADS           175,072               175,026               175,146  
                           
    Himax Technologies, Inc.
    IFRS Unaudited Condensed Consolidated Statements of Financial Position
    (Amounts in Thousands of U.S. Dollars)
     
      March 31,
    2025
      March 31,
    2024
      December 31,
    2024
    Assets          
    Current assets:          
    Cash and cash equivalents $         275,445     $         261,702     $         218,148  
    Financial assets at amortized cost           2,286               14,334               4,286  
    Financial assets at fair value through profit or loss           3,253               1,380               2,140  
    Accounts receivable, net (including related parties)           217,549               212,326               236,813  
    Inventories           129,867               201,872               158,746  
    Income taxes receivable           717               1,003               726  
    Restricted deposit           503,700               453,000               503,700  
    Other receivable from related parties           11               136               13  
    Other current assets           37,760               60,051               43,471  
    Total current assets           1,170,588               1,205,804               1,168,043  
    Financial assets at fair value through profit or loss           23,524               21,635               23,554  
    Financial assets at fair value through other
    comprehensive income
              29,985               1,889               28,226  
    Equity method investments           8,061               3,173               8,571  
    Property, plant and equipment, net           120,538               128,938               121,280  
    Deferred tax assets           20,872               10,440               21,193  
    Goodwill           28,138               28,138               28,138  
    Other intangible assets, net           619               851               636  
    Restricted deposit           30               31               31  
    Refundable deposits           215,271               221,886               221,824  
    Other non-current assets           17,854               20,728               18,025  
                464,892               437,709               471,478  
    Total assets $         1,635,480     $ 1,643,513     $         1,639,521  
    Liabilities and Equity          
    Current liabilities:          
    Short-term unsecured borrowings $         602     $         –     $         –  
    Current portion of long-term unsecured borrowings           6,000               6,000               6,000  
    Short-term secured borrowings           503,700               453,000               503,700  
    Accounts payable (including related parties)           105,610               117,234               113,203  
    Income taxes payable           12,785               11,071               9,514  
    Other payable to related parties           –               92               –  
    Contract liabilities-current           5,176               14,739               10,622  
    Other current liabilities           50,443               116,558               63,595  
    Total current liabilities           684,316               718,694               706,634  
    Long-term unsecured borrowings           27,000               33,000               28,500  
    Deferred tax liabilities           557               499               564  
    Other non-current liabilities           7,489               14,823               7,496  
                35,046               48,322               36,560  
    Total liabilities           719,362               767,016               743,194  
    Equity          
    Ordinary shares           107,010               107,010               107,010  
    Additional paid-in capital           115,722               114,982               115,376  
    Treasury shares           (5,546 )             (5,157 )             (5,546 )
    Accumulated other comprehensive income           7,874               (94 )             8,621  
    Retained earnings           684,587               653,007               664,600  
    Equity attributable to owners of Himax Technologies, Inc.           909,647               869,748               890,061  
    Noncontrolling interests           6,471               6,749               6,266  
    Total equity           916,118               876,497               896,327  
    Total liabilities and equity $         1,635,480     $ 1,643,513     $         1,639,521  
                           
    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (Amounts in Thousands of U.S. Dollars)
        Three Months
    Ended March 31,
      Three Months Ended
    December 31,
         2025     2024     2024
                 
    Cash flows from operating activities:            
    Profit for the period   $         20,182     $         12,277     $         25,031  
    Adjustments for:            
    Depreciation and amortization             5,156               5,471               5,564  
    Share-based compensation expenses             100               358               103  
    Losses (gains) on disposals of property, plant and equipment, net             (3,205 )             –               4  
    Changes in fair value of financial assets at fair value through profit or loss             17               7               (1,245 )
    Interest income             (2,312 )             (2,524 )             (2,042 )
    Finance costs             903               1,018               964  
    Income tax expense             3,841               –               761  
    Share of losses of associates             742               221               360  
    Inventories write downs             4,444               4,353               4,037  
    Unrealized foreign currency exchange losses (gains)             441               (868 )             (159 )
                  30,309               20,313               33,378  
    Changes in:            
    Accounts receivable (including related parties)             13,083               15,704               (27,302 )
    Inventories             24,435               11,083               29,675  
    Other receivable from related parties             2               (67 )             9  
    Other current assets             (978 )             2,298               2,502  
    Accounts payable (including related parties)             (7,250 )             13,202               (7,706 )
    Other payable to related parties             –               (20 )             1  
    Contract liabilities             735               1,192               6  
    Other current liabilities             (3,763 )             (7,780 )             2,508  
    Other non-current liabilities             71               514               71  
    Cash generated from operating activities             56,644               56,439               33,142  
    Interest received             438               854               3,513  
    Interest paid             (835 )             (936 )             (1,047 )
    Income tax paid             (200 )             391               (191 )
    Net cash provided by operating activities             56,047               56,748               35,417  
                 
    Cash flows from investing activities:            
    Acquisitions of property, plant and equipment             (5,221 )             (2,699 )             (3,222 )
    Acquisitions of intangible assets             (52 )             (118 )             –  
    Acquisitions of financial assets at amortized cost             –               (2,439 )             (2,286 )
    Proceeds from disposal of financial assets at amortized cost             2,000               500               10,289  
    Acquisitions of financial assets at fair value through profit or loss             (6,160 )             (7,488 )             (6,807 )
    Proceeds from disposal of financial assets at fair value through profit or loss             5,017               8,163               3,722  
    Acquisitions of financial assets at fair value through other comprehensive income             (2,500 )             –               –  
    Acquisition of a subsidiary, net of cash paid             –               –               (5,416 )
    Proceeds from capital reduction of investment             –               –               338  
    Acquisitions of equity method investment             –               –               (1,236 )
    Decrease (increase) in refundable deposits             10,283               22,217               (8 )
    Net cash provided by (used in) investing activities             3,367               18,136               (4,626 )
                 
    Cash flows from financing activities:            
    Purchase of treasury shares             –               –               (832 )
    Prepayments for purchase of treasury shares             –               –               (2,168 )
    Proceeds from issuance of new shares by subsidiaries             –               71               –  
    Proceeds from short-term unsecured borrowings             612               –               –  
    Repayments of long-term unsecured borrowings             (1,500 )             (1,500 )             (1,500 )
    Proceeds from short-term secured borrowings             484,300               447,100               461,400  
    Repayments of short-term secured borrowings             (484,300 )             (447,100 )             (461,400 )
    Payment of lease liabilities             (1,448 )             (1,148 )             (1,340 )
    Guarantee deposits received (refunded)             –               (1,868 )             219  
    Net cash used in financing activities             (2,336 )             (4,445 )             (5,621 )
    Effect of foreign currency exchange rate changes on cash and cash equivalents             219               (486 )             (1,161 )
    Net increase in cash and cash equivalents             57,297               69,953               24,009  
    Cash and cash equivalents at beginning of period             218,148               191,749               194,139  
    Cash and cash equivalents at end of period   $         275,445     $         261,702     $         218,148  
                 

    The MIL Network

  • MIL-OSI: AMG and Qualitas Energy Announce Partnership

    Source: GlobeNewswire (MIL-OSI)

    • AMG to invest in Qualitas Energy, a leading renewables-focused global infrastructure manager specializing in energy transition with more than €3.5 billion in AUM
    • Qualitas Energy has a distinctive competitive position given its opportunistic value-add approach, vertically integrated industrial platform, and strategically tailored, market-specific solutions
    • Partnership will expand AMG’s participation in private markets and alternatives more broadly

    WEST PALM BEACH, FL, and MADRID, May 08, 2025 (GLOBE NEWSWIRE) — AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into a definitive agreement to acquire a minority equity interest in Qualitas Energy, a leading global investment and management platform with a dual focus on funding and developing renewable energy, energy transition, and sustainable infrastructure.

    Under the terms of the agreement, Qualitas Energy’s management team will retain majority ownership and continue to lead the organization’s day-to-day operations, maintaining investment, strategic, and operational independence. As part of the transaction, Qualitas Energy’s Executive Chairman Iñigo Olaguíbel and Chief Executive Officer Oscar Pérez, along with other members of the senior management team, will enter into additional long-term commitments with Qualitas Energy, reinforcing their alignment with the business and its investors.

    Qualitas Energy has a long-term track record of excellent investment performance. Founded in 2006, the firm invests globally with a focus on Europe, where the heightened importance of energy security is driving demand for investments into renewable energy sources. Led by Mr. Olaguíbel and Mr. Pérez, the firm has raised approximately €5 billion in capital across six funds and co-investment opportunities, which has been deployed to invest in solar, wind, batteries and storage, hydroelectric power, and renewable natural gas.

    “We are pleased to partner with Qualitas Energy, a global infrastructure manager specializing in energy transition with a two-decade track record of delivering strong returns for clients,” said Jay C. Horgen, President and Chief Executive Officer of AMG. “Given the increasing focus on energy independence and security in Europe, along with the firm’s distinctive approach, vertically integrated industrial platform, and locally based teams with deep knowledge of their respective geographies, Qualitas Energy is well-positioned to build on its business momentum. I am delighted to welcome Iñigo, Oscar, and their partners to our Affiliate group.”

    “We are excited to partner with AMG as we continue to build an enduring multi-generational firm,” said Iñigo Olaguíbel, Managing Partner and Executive Chairman of Qualitas Energy. “We selected AMG because of its long-term orientation and reputation as a collaborative partner. Through AMG’s unique approach, Qualitas Energy will maintain our independence, preserve our unique culture, and gain access to a broad range of proven strategic capabilities to advance our long-term objectives.”

    “As part of its strategic evolution, Qualitas Energy is focused on becoming the asset manager at the forefront of energy transition investing,” added Oscar Pérez, Managing Partner and Chief Executive Officer of Qualitas Energy. “We aim to continue expanding our investment capacity, and our partnership with AMG will enhance our ability to achieve that goal.”

    The terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.

    About AMG

    AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG’s unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates’ existing advantages and actively supports their independence and ownership culture. As of March 31, 2025, AMG’s aggregate assets under management were approximately $712 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company’s website at www.amg.com.

    About Qualitas Energy

    Qualitas Energy is a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure. Since 2006, the Qualitas Energy team has dedicated over €14 billion to the energy transition worldwide. These investments have been deployed through six vehicles: Fotowatio/FRV, Vela Energy, Qualitas Energy III, Qualitas Energy IV, Qualitas Energy V, and Qualitas Energy Credit Fund I. Qualitas Energy’s existing portfolio currently comprises over 11 GW of operational and development-stage renewable energy assets – including solar PV, concentrated solar power (CSP), wind, energy storage, hydroelectric power, and renewable natural gas – across Spain, Germany, the United Kingdom, Italy, Poland, Chile, and the United States. Over the past five years, Qualitas Energy has generated enough energy to supply 1.2 million homes and has successfully avoided the emission of 1 million metric tons of CO2 equivalent. The Qualitas Energy team consists of approximately 540 professionals across fifteen offices in Madrid, Berlin, London, Milan, Hamburg, Wiesbaden, Trier, Cologne, Stuttgart, Warsaw, Wroclaw, Santiago, Durham, Bristol, and Edinburgh. Please visit www.qualitasenergy.com for further information.

    Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled “Risk Factors” in AMG’s most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.

    Media contacts

    AMG Media & Investor Relations
    Patricia Figueroa
    (617) 747-3300
    ir@amg.com
    pr@amg.com

    Qualitas Energy
    Henar Hernández
    henar.hernandez@qenergy.com
    +34 697 11 68 72

    Headland Consultancy
    qualitas@headlandconsultancy.com
    +44 7435 546304
    +44 7311 369929

    The MIL Network

  • MIL-OSI United Kingdom: Prime Minister’s remarks at the London Defence Conference: 8 May 2025

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    Prime Minister’s remarks at the London Defence Conference: 8 May 2025

    Prime Minister’s speech at the London Defence Conference this morning.

    It is a real privilege to be able to speak to you here today on VE Day.

    80 years to the day…

    Since an expectant nation turned on the wireless – as of course it was then…

    To hear Churchill announce victory in our war against Nazi Germany.  

    Just imagine it.

    Beacons lit across the country…

    Bunting up…

    People raising their glasses and thanking the bravery of our armed forces…

    As we will do today.

    And then they came to the streets.

    The late Queen Elizabeth II – who was then a young princess of just 19 –

    Remembering going unnoticed in the crowds, swept up in a ‘tide of happiness and relief’.

    A celebration of defiance… 

    Of sacrifice…

    The courage of that lion-hearted generation…

    The greatest victory in the history of this great nation.

    A victory not just for Britain.

    But for good against the assembled forces of hatred, tyranny and evil…

    For the light of our values – in a world that tried to put them out.

    And, as you know…

    There are people who would happily do likewise today.

    Our values and security are confronted on a daily basis.

    And we have to rise to this moment.

    80 years ago, just round the corner from here, Churchill said…

    “We must begin the task of rebuilding…

    Do our utmost to make this country a land in which all have a chance…

    And in which all have a duty to our countrymen”.

    The post-war generation took on that task on with relish.

    And we must use this moment…

    To do the same.

    Deepening our partnerships with allies old and new –

    From across Europe to meet the defence challenges of our age…

    To the United States…

    an indispensable ally for our economic and national security…

    As you know, talks with the US have been ongoing – and you’ll hear more about that later today.

    But make no mistake – I will always act in our national interest…

    For workers, businesses and families…

    To deliver security and renewal for our country.

    Because the world has changed, decisively.

    I mean, I remember – as some of you will also too…

    The day the Berlin Wall came down in 1989.

    A landmark moment for my generation.

    A sense of freedom, of possibility, of peace.

    European countries finally free to choose their own future.

    I didn’t think then that in my lifetime I would see Russian tanks entering a European country again.

    Yet here we are.

    And here we stand resolutely…

    With the people of Ukraine.

    Together with our allies…

    Showing the strength of our values…

    As well as the value of our strength.

    A few weeks ago, I was with the Prime Minister of New Zealand…

    To visit our forces delivering Operation INTERFLEX in Wiltshire.

    This is a multinational military operation…

    That has trained more than 50,000 Ukrainian troops for the frontline.

    Men and women who are not soldiers by trade…

    Far from it.

    They are accountants, they are builders, businesspeople, you name it.

    Who stepped up from their lives…

    Stepped away from their families…

    And, as veterans did eighty years ago…

    Answered the call to defend freedom and liberty in their homeland.

    And as these brave men and women leave their training in Britain…

    And head to the frontline of freedom…

    They are applauded by their British trainers.  

    I’ve seen this a couple of times now – it’s a really humbling sight.

    A sign of our support and solidary in their struggle…

    Pride and admiration at their courage.  

    Because in this country we know – this isn’t just a fight for freedom and democracy in Ukraine.

    No – it is a new, more dangerous era of history.

    A period of global instability…

    That fuels insecurity for working people here at home.

    The British people have already paid a price for Putin’s aggression in Ukraine, with rising bills and prices.

    Russia already menaces our security…

    They’ve launched cyber-attacks on our NHS.

    Spread disinformation online…

    And we cannot forget, just a few years ago – a chemical weapons attack on our streets in Salisbury.

    In broad daylight, in the heart of England.

    No – the battle lines in Ukraine are the front line for Western values.

    And the argument that defines this age is simple… 

    National security is economic security.

    And that is why we are boosting defence spending, with the largest sustained increase since the Cold War…

    An increase of £13.4bn year on year compared with where we are today. 

    Not just meeting our commitment to spend 2.5% of our GDP on defence…

    But bringing it forward to 2027. 

    And, alongside that, a new ambition for defence spending to rise to 3% of GDP in the next Parliament.

    But look, I do want to be clear – this investment has two objectives.

    Yes of course, the first goal is always the safety and security of the United Kingdom. 

    But the second is to create jobs, wealth and opportunity in every corner of our country. 

    Secure at home, strong abroad.

    You know – at times like this there is a lot of talk about the end of the peace dividend.

    Well, our task now is to seize the defence dividend.

    Felt directly in the pockets of working people.

    Rebuilding our industrial base.

    Creating the jobs of the future.

    The skills for the next generation…

    From the shipyards in Scotland…

    To the missile systems built in Stevenage and Belfast….

    The artillery barrels made at Sheffield forgemasters…

    And the land vehicle development in Wales…

    Mark my words – the British defence industry will be the engine of national renewal.

    Because this isn’t just about increasing our defence spending…

    It’s also about reform and rebuilding.

    And in the coming weeks, we will publish a first-of-its kind, root and branch strategic defence review…

    It will scrutinise every aspect of defence – to determine how we can best meet the threats of today…

    And return Britain to warfighting readiness.

    Alongside our National Security Strategy and our defence industrial strategy…

    We will set out a major overhaul of the British Armed Services…

    Starting by treating our Armed Forces with the respect that they deserve –

    delivering the largest pay rise for over 20 years…

    And good homes for service personnel and their families.

    But also – the biggest shift in mindset in my lifetime –

    To see security and defence…

    Not as one priority amongst many others…

    But as the central organising principle of government –

    The first thought in the morning – the last at night…

    The pillar on which everything else stands or falls.  

    Because – as in 1945…

    This has to be a collective endeavour.

    A national effort.

    A time for the state, business and society to join hands…

    In pursuit of the security of the nation…

    And the prosperity of its people.  

    So whether you’re a world-renowned business…

    Or a smaller, family-run firm…

    You have a vital part to play in boosting Britain’s defences.

    That is why we have launched a new unit – to help SMEs get their foot in the door of the defence supply chain. 

    Because I am clear – the future belongs to the innovators.

    Take the announcement made just last week…

    StormShroud drones…

    Flying as uncrewed guardians to RAF pilots and crew…

    Now, for the first time, made in Britain.

    An investment that supports hundreds of highly skilled jobs…

    Boosting our capabilities for the modern age of drone-based warfare.  

    Possible – only because of industry and military working together.

    Or take the submarines that we’re building in Barrow.

    This one is personal for me.

    Not just because I was there in Barrow at the keel laying in March –

    Not just because I met the workers and the apprentices and saw for myself what it means for them…

    And of course the 42,000 jobs it supports up and down the country…

    It’s also personal for me because just a few days before that visit…

    I went up to the Firth of Clyde, as another boat made in Barrow –

    A Vanguard-class submarine…

    Was coming in off a record-breaking patrol.

    We boarded the sub and met the crew – who had been at sea for months on end.

    And meeting those remarkable men and women is something I’ll never forget.

    There is no greater duty than the one that they carry –

    No task more vital.

    Our security…

    Nato’s security…

    Depends on them.

    They are the quiet custodians of the nation’s greatest capability…

    Part of an unbroken watch that has been maintained for 55 years.

    And in this moment – it’s time for the rest of us to step up and rebuild our country…

    Leading the world in the opportunities of the future.

    Recently, I visited the Carrier Strike Group off the coast of Cornwall…

    And stayed aboard HMS Prince of Wales…

    It was frankly humbling to see F35s taking off with just 100metres of deck to take off – and then returning and hovering to land on a sixpence

    So imagine how I felt later the very same day when I went to see the apprentices at Rolls Royce…Who had made the engines for those very F35s.

    And we need to keep those apprentices busy…

    And mark my words – we are going to do that.

    With the most ambitious programme of work to secure and rebuild our country since 1945.

    Take an example: today, I can announce a £563 million contract to maintain Britain’s fleet of Typhoon fighter jets.

    The backbone of Britain’s air defence…

    Proudly part of the flypast for VE Day that you may have seen on Monday.

    All 130 Typhoons will have their engines maintained by Rolls-Royce…

    Supporting hundreds of jobs in Bristol and beyond…

    Defending British airspace.

    Helping a new generation of service come of age.

    And just imagine – what this means for a young apprentice, aged about 18.

    Entering into the work force with a good job.

    The pride of that work – as a proud I understand from my dad…

    Of knowing that what you do, what you make matters.

    The pride of following in the footsteps of local families…

    Who have been the backbone of their communities for generations.

    The grandchildren of the young men who fought on the beaches of Normandy…

    Now the submariners on a Vanguard-class submarine.

    The descendants of the code breakers at Bletchley…

    Now learning the skills to build a new generation of nuclear submarines in Barrow.

    And the pride of stepping into our national story…

    So those who follow us can say…

    We also rose to meet the moment.

    We also stood firm against tyranny and oppression.

    We also rebuilt Britain – so it serves everyone that serves our country.

    Because on VE day 80 years ago…

    Politicians of all parties and stripes understood that a people who had sacrificed so much were owed a great debt.

    And the truth is – people today are too.

    After years of being buffeted about by insecurity and uncertainty…

    They are owed the same security…

    the same prosperity and peace of mind…

    A good home to live in…

    A well-paid job with strong rights at work…

    An NHS that is there for them when they need it…

    all underpinned by the foundation of national security.

    A defence dividend – that will be felt in the pockets of working people and the prosperity of the country.

    An investment in peace…

    But also an investment in British pride and the British people…

    To build a nation that, once again, lives up to the promises made to that generation…

    Who fought for our values, our freedom and our security.

    Thank you very much indeed.

    Updates to this page

    Published 8 May 2025

    MIL OSI United Kingdom

  • MIL-OSI: Himax Technologies, Inc. Declares Cash Dividend for FY2024

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, May 08, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today declared a cash dividend of 37.0 cents per ADS, equivalent to 18.5 cents per ordinary share, for the year of 2024.

    The cash dividend will be payable on July 11, 2025 to all the shareholders of record as of June 30, 2025. The ADS book will be closed for issuance and cancellation from June 23, 2025 to June 30, 2025. Typically, Himax pays out its yearly dividend at approximately the middle of its current calendar year based on the Company’s previous year financial performance.

    “Since our IPO in 2006, we have consistently rewarded shareholders for their ongoing commitment with our dividend policy,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax. “This year we are pleased to declare an annual cash dividend of 37.0 cents per ADS, representing a payout ratio of 81.1% of last year’s profit. Himax will continue to focus on maintaining a healthy balance sheet while driving sustainable long-term growth to deliver value for our shareholders through high dividends and share repurchases,” concluded Mr. Wu.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:
      
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network

  • MIL-OSI China: Xi urges safeguarding legacy of WWII victory

    Source: People’s Republic of China – State Council News

    MOSCOW, May 8 — Chinese President Xi Jinping on Wednesday called for concerted efforts to defend the legacy of World War II (WWII) victory as the world is once again reeling from the specter of hegemonism and power politics.

    Xi made the call as he arrived in Moscow for a state visit to Russia and celebrations marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War.

    In a written statement issued upon arrival, Xi said China and Russia will work together to safeguard the victorious outcome of WWII, and resolutely oppose hegemonism and power politics.

    China and Russia, both major countries of the world and permanent members of the UN Security Council, will join hands to firmly safeguard the UN-centered international system and the international order underpinned by international law, practice true multilateralism, and promote the building of a more just and equitable global governance system, he said.

    Xi’s visit comes at the invitation of Russian President Vladimir Putin. This marks his 11th visit to Russia since he became the president of China.

    During his stay, Xi is expected to have in-depth communication with Putin on bilateral relations and cooperation, as well as major international and regional issues of common concern.

    According to China’s Foreign Ministry, Xi’s attendance at the celebrations marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War is an important part of his visit. It will be Xi’s second time attending Russia’s May 9 Victory Day commemorations as Chinese president.

    A massive military parade will take place in Moscow’s Red Square on Friday. Flags with the word “Victory” fluttered in the wind along the streets of Moscow, and the roads were lined with billboards and decorative windows depicting the history of the Great Patriotic War of the Soviet Union.

    On the night of May 8, 1945, Germany signed the surrender document in Karlshorst, Berlin, marking the end of WWII in Europe. However, due to the time difference, Moscow had already entered May 9 — the date the Soviet Union, and later Russia, commemorates as “Victory Day.”

    Meanwhile in Asia, China’s final major campaign against Japan — the Battle of Western Hunan — reached its decisive phase. Japan’s surrender aboard the USS Missouri in Tokyo Bay on Sept. 2, 1945, brought WWII to an end.

    In a signed article published in the Russian Gazette newspaper ahead of his arrival, Xi urged the international community to uphold a correct historical perspective on WWII.

    “China and the Soviet Union were the principal theaters of that war in Asia and Europe respectively,” Xi wrote. “The two countries served as the mainstay of resistance against Japanese militarism and German Nazism, making pivotal contribution to the victory of the World Anti-Fascist War.”

    “Any attempt to distort the historical truth of WWII, deny its victorious outcome, or defame the historic contribution of China and the Soviet Union is doomed to fail,” Xi wrote.

    The year of 2025 also marks the 80th anniversary of the founding of the United Nations. The world body arose from the ashes of WWII. The UN Charter begins with a solemn pledge: “to save succeeding generations from the scourge of war.”

    As the world is facing stiff headwinds from unilateralism, hegemonism, bullying and coercive practices, Xi emphasized the importance of multilateralism.

    “The more turbulent and complex the international situation becomes, the more we must uphold and defend the authority of the UN,” Xi wrote in his signed article.

    “The establishment of an international system with the United Nations at its core is not easy at all, and must be firmly maintained by all countries of the world,” said Ekaterina Zaklyazminskaya, leading researcher at the Institute of China and Modern Asia at the Russian Academy of Sciences.

    “Russia and China support genuine multilateralism, which is very important at this time,” said the researcher.

    The world is shifting irreversibly toward a multipolar order, with Russia and China playing essential roles in this transformation, said Alexey Rodionov, a professor of Chinese studies at St. Petersburg State University.

    China maintains a balanced stance on international issues, and that is why more countries now regard it as a key reference point in diplomacy and global policy, Rodionov said.

    MIL OSI China News

  • MIL-OSI Russia: Scientific Regiment: MIEi Graduate Arkady Pashenin Witnesses Signing of the Act of Surrender of Germany

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    Exactly 80 years ago, the Great Patriotic War ended. This fact was confirmed by the Act of Unconditional Surrender of the German Armed Forces. And today, on Victory Day, we will tell the story of how an engineering diploma from the Moscow Engineering and Economics Institute (now the State University of Management) allowed its graduate Arkady Pashenin to witness the signing of this historic document.

    Arkady Pashenin was born on March 19, 1918, entered the construction department of the Moscow Institute of Power Engineering in 1935, and defended his diploma five days after the start of the war – on June 27, 1941. According to him, Soviet youth was mentally prepared for war. In companies, they did not discuss ways to evade, but what was better to take to the front in addition to the recommended list. And the state took care of the physical condition of the youth – in addition to standard military training, the Moscow Institute of Power Engineering had a strong ski section of the Rot Front sports society, of which Arkady Pashenin was a member. Team “Ski Patrol Races” were especially popular with students.

    On July 8, the day after receiving diploma #025980, graduate Pasheshin reported to the recruiting station, where the duty officer, having familiarized himself with the documents, sent him to the military commissar. The latter looked at the diploma and sent the conscript to the Military Academy of Logistics and Supply, where he completed a three-month training course. In September 1942, Arkady Pashenin served at the headquarters of the 276th Ski Regiment when he was summoned to Moscow, to the People’s Commissariat of Defense, where he was thoroughly discussed with him about the diploma and sent to Stalingrad, to the headquarters of the 5th Shock Army, which was being formed at that time. He served there until the army was disbanded after the war.

    The most dramatic turn of fate connected with the MIE diploma happened to our hero at the end of the war, near Warsaw. One winter day at the turn of 1944/45, he was summoned by the head of the personnel department of the army headquarters and again asked about the specialty of an engineer-economist. It turned out that a member of the Military Council of the army, Lieutenant General Fyodor Bokov, was looking for three personal assistants of different specialties. Officers from the operational and political departments were selected immediately, but there was no suitable candidate for an economist who could “distinguish a bakery from a sawmill.” After a ten-minute conversation with Bokov, Pashenin was accepted into the team.

    As a result of the Berlin Offensive Operation, the German troops were finally defeated. It remained to formalize the situation legally. Marshal of the Soviet Union Georgy Zhukov chose the headquarters of the 5th Shock Army as the place for signing the Act of Unconditional Surrender, so on May 8, 1945, Fyodor Bokov and his assistants, including Arkady Pashenin, were among those meeting the Allied delegation at the Tempelhof airfield. The diplomatic service was late with instructions on the protocol of the meeting, so the staff officers decided to run for the flags of the nations themselves half an hour before the arrival of the first plane. They were unable to find the French flag right away, fortunately the plane of the Commander-in-Chief of the French Army, General Jean de Latre de Tassigny, was late, and he was met later, separately from the British and Americans. Major of the Quartermaster Service Pashenin had the honor of holding the flag of the USSR, which he remembered for the rest of his life:

    “So we, three Russian officers, stood in the center of Europe with the flags of nations. The famous generals and marshals of the allied armies walked past us. Eisenhower, Montgomery, Tedder and others saluted the flags, including the flag of the USSR, which by the will of fate I, a graduate of the Moscow Institute of Economics and Law in 1941, was entrusted to hold.”

    Let’s forgive Arkady Mikhailovich for the historical inaccuracy. As is well known, the Instrument of Surrender on the part of Great Britain was signed not by Field Marshal Bernard Montgomery, but by the Supreme Commander of the Royal Air Force Arthur Tedder. The Americans were represented not by the future President Dwight Eisenhower, but by the Chief of Staff of the US Air Force Carl Spaatz. But just imagine how exciting this moment was for what was essentially a very young officer, and sometimes even the young are deceived by memory.

    The headquarters of the 5th Shock Army was located in the building of the Military Engineering School in Karlshorst, one of the eastern suburbs of Berlin, where everyone headed from the airfield. The hall of the officers’ mess was prepared for the ceremony, the furniture was brought from the Reich Chancellery building. As a staff officer, Arkady Pashenin had free access to all the rooms of the headquarters and did not miss the opportunity to be present at the signing of the Act of Surrender. The extra chairs were taken out of the hall, so everyone except the signatories watched the ceremony standing. Pashenin took a place by the wall near a small table, at which the Chief of the Supreme Command of the Armed Forces of Nazi Germany Wilhelm Keitel then sat.

    The ceremony began at exactly midnight Moscow time. Hence the disagreement about the date of Victory Day celebrations in Russia and the West. When it came to Keitel, he was about to sign the Act at his desk, but Georgy Zhukov demanded that he come over and sign the Act on a side table. Jawohl (German for “Yes sir”), the blushing Field Marshal complied. This was the German word the Nazis used more often than any other at the ceremony.

    The procedure ended at 00:43 Moscow time, after which the banquet began. Suddenly the question arose: what to feed the German delegation – not red caviar? Even the diplomats could not resolve it. Then they turned to Zhukov for advice, and he said: “Let’s not be petty – feed them everything that has been prepared for the banquet. And be sure to serve it on plates with the monograms of the Imperial Chancellery. And give them unlimited drinks. Let them wash down their defeat… But I think it will not do them any good!”

    And so it happened: Wilhelm Keitel was executed by decision of the International Military Tribunal in Nuremberg on October 16, 1946. Another representative of the German government who signed the Act of Surrender, General Admiral Hans von Friedeburg, poisoned himself with cyanide the day before his arrest.

    And MIEI graduate Arkady Mikhailovich Pashenin served in the Soviet Army until 1978 and retired with the rank of colonel of the quartermaster service. He was awarded five orders and five medals, including, of course, “For the capture of Berlin” and “For the victory over Germany in the Great Patriotic War of 1941-1945.”

    #Scientific regiment

    Arkady Pashenin Arkady Pashenin Wilhelm Keitel signs the Act of Surrender From left to right: Arthur Tedder, Georgy Zhukov and Carl Spaatz at the banquet after the signing of the Act of Surrender

    Subscribe to the TG channel “Our GUU” Date of publication: 05/08/2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: PwC and FloQast and PwC Belgium Announce Strategic Partnership to Transform Financial Close

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 08, 2025 (GLOBE NEWSWIRE) — FloQast, an Accounting Transformation Platform created by accountants for accountants, today unveiled a strategic partnership with PwC Belgium focused on revolutionizing accounting close automation solutions. This collaboration seeks to combine FloQast’s AI-powered workflows with PwC Belgium’s expertise in closing processes to boost efficiency, increase accuracy, and provide deeper insights for businesses in various industries.

    “Our partnership with PwC Belgium reinforces our commitment to helping accounting teams across EMEA adapt to the evolving demands of the profession,” said John Phillips, General Manager, FloQast EMEA. “With increasing regulatory complexity and a shrinking talent pool, finance teams need smarter, more efficient ways to work. By combining FloQast’s AI-powered technology with PwC Belgium’s deep industry expertise, we’re enabling organizations to improve accuracy, enhance compliance, and drive greater operational agility.”

    “PwC Belgium is excited to announce a partnership with FloQast,” said Matthias Reyntjens, PwC Partner. “This collaboration combines PwC’s industry expertise with FloQast’s innovative technology to modernize financial close operations and tackle the challenges posed by inefficient processes.”

    FloQast offers solutions designed to streamline financial processes, including, but not limited to: Close Management, Account Reconciliations, and Compliance Management. These solutions empower accounting teams by improving communication and transparency, automating labour-intensive tasks, and ensuring financial accuracy. As a result, teams are empowered to collaborate more effectively, reduce errors, accelerate record-to-report and compliance management processes, and better leverage data and insights to help drive organizational strategy.

    Additionally, integration with existing systems facilitates a smooth transition to technology tailored to organizational needs, minimizing disruption and fostering scalability. FloQast’s cloud-native platform allows for rapid deployment, enabling teams to adopt solutions that fit their workflows with minimal IT involvement. This platform includes FloQast AI Agents, a groundbreaking, auditable AI capability that, for the first time ever, enables accountants to automate complex, recurring workflows across close management, compliance, and reporting functions using natural language, not extensive code.

    The relationship with PwC Belgium builds upon FloQast’s ongoing global collaborations with PwC member firms. Earlier this month, FloQast announced a collaboration with PwC in North America. In 2024, it announced strategic consulting relationships with PwC UK, PwC Germany, and PwC Australia, expanding the company’s ability to support finance transformation initiatives worldwide.

    About FloQast
    FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 3,000 accounting teams—including Twilio, Los Angeles Lakers, and Zoom—FloQast enhances the way accounting teams work. With FloQast, teams utilize the latest advancements in AI technology to manage aspects of the close, reduce compliance burdens, stay audit-ready, and improve accuracy, visibility, and collaboration. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

    About PwC
    At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 152 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services.

    The term PwC refers to the PwC network and/or one or more of the legally independent network companies. Further details at www.pwc.com/structure.

    Contacts:
    John Siegel
    Senior Content Marketing Manager
    john.siegel@FloQast.com

    Matthias Reyntjens
    Partner, Clients and Industries, PwC Belgium,
    +32 476 44 53 92

    The MIL Network

  • MIL-OSI: Preliminary Results for the twelve months ended 31 January 2025

    Source: GlobeNewswire (MIL-OSI)

      ICG Enterprise Trust plc
    Preliminary Results for the twelve months ended 31 January 2025
    8 May 2025
     
         
         
      Highlights

    • Actively-managed Portfolio focused on global mid-market private companies generating resilient growth
    • NAV per Share reaches 2,073p; NAV per Share Total Return* of 10.5% during the year and five-year annualised return of 14.5%
    • Portfolio Return* on a Sterling basis of 10.6%; portfolio companies reporting ~15% LTM earnings growth1
    • 40 Full Exits executed at a weighted-average Uplift to Carrying Value of 19.0%
    • Shareholder-focused capital allocation policy: £59m (5% of opening NAV) returned to shareholders in FY252 (FY24: £35m), of which £36m through buybacks (FY24: £13m) and £23m through dividends of 36p per share (FY24: £22m, 33p per share)
    • Wide range of potential outcomes to market transaction activity; secondaries market could present compelling opportunities
    • Sector positioning, strong origination network and robust balance sheet position us well in current environment
    • Post period-end, announced an additional £107m proceeds from a secondary sale and the realisation of Minimax (largest portfolio company, 3.1% of Portfolio at 31 January 2025)

    1 EBITDA, based on Enlarged Perimeter covering 67% of the Portfolio
    2 Based on dividends declared or proposed for Q1 FY25 – Q4 FY25 inclusive, and buybacks up to and including 31 January 2025

    *This is an Alternative Performance Measure. Please refer to the Glossary for the definition.

     
         
      Jane Tufnell   Oliver Gardey    
      Chair of ICG Enterprise Trust   Portfolio Manager for ICG Enterprise Trust    
        Today’s results demonstrate that our investment strategy can deliver long-term value. Our portfolio companies grew earnings by 15% in the year1, and ICGT generated NAV per Share Total Return of 10.5%, ending the year with NAV per Share of 2,073p.

    During the year, the Board and Manager have been careful in allocating our shareholders’ capital. New investments continued, deploying £181m and making commitments of £83m. Alongside this, we returned £59m of cash to shareholders (5% of our opening NAV) through buybacks and dividends.

    As we enter another period of uncertainty, I am confident our long-term approach can generate value for our shareholders, and I thank you for your continued support.

        Our portfolio companies are delivering solid operational performance (15% earnings growth LTM1). Our resilient Portfolio and robust balance sheet position us well for the current market environment.

    Our active approach to portfolio management is a differentiator for ICGT. As well as making a number of new commitments and investments during the year, we executed a secondary sale post period-end at a 5.5% discount that generated net cash proceeds of £62m for ICGT.

    The investment trust structure enables shareholders to invest efficiently in privately-owned companies. With our track record and network, ICGT is an attractive proposition for those seeking exposure to mature, profitable, cash-generative businesses.

       

    PERFORMANCE OVERVIEW

            Annualised
    Performance to 31 January 2025 3 months 6 months 1 year 3 years 5 years 10 years
    Portfolio Return on a Local Currency Basis 2.9% 6.2% 10.2% 8.9% 15.8% 15.3%
    NAV per Share Total Return 4.3% 7.4% 10.5% 8.9% 14.5% 13.8%
    Share Price Total Return 9.7% 1.5% 12.5% 6.6% 9.6% 11.8%
    FTSE All-Share Index Total Return 6.9% 4.3% 17.1% 7.9% 6.6% 6.5%
    Financial year ended: Jan 2021 Jan 2022 Jan 2023 Jan 2024 Jan 2025
    Fund performance Portfolio return (local currency) 24.9% 24.4% 10.5% 5.9% 10.2%
    Portfolio return (sterling) 26.4% 27.6% 17.0% 3.2% 10.6%
    NAV £952m £1,158m £1,301m £1,283m £1,332m
    NAV per Share Total Return (%) 22.5% 24.4% 14.5% 2.1% 10.5%
                 
    Investment activity New Investments £139m £304m £287m £137m £181m
    As % opening Portfolio 17% 32% 24% 10% 13%
    Realisation Proceeds £137m £334m £252m £171m £151m
    As % opening Portfolio 17% 35% 21% 12% 11%
                 
    Shareholder experience Closing share price 966p 1,200p 1,150p 1,226p 1,342p
    Total dividends per share 24p 27p 30p 33p 36p
    Share Price Total Return 2.8% 27.1% (2.3)% 9.6% 12.5%
    Total shareholder distributions £17m £21m £22m £35m £59m
    As % Realisation Proceeds 12% 6% 9% 20% 39%
               
    – o/w distributions dividends (%) 94% 86% 91% 63% 38%
    – o/w distributions buybacks (%) 6% 14% 9% 37% 62%
    Portfolio activity overview for FY25 Primary Direct Secondary Total ICG-managed
    Local Currency return 8.2% 16.3% 6.4% 10.2% 8.4%
    Sterling return 8.2% 17.0% 7.3% 10.6% 8.8%
    New Investments £115m £58m £8m £181m £21m
    Total Proceeds £101m £13m £37m £151m £60m
    New Fund Commitments £64m £20m £83m £20m
    Closing Portfolio value £789m £507m £228m £1,523m £433m
    % Total Portfolio 52% 33% 15% 100% 28%

    COMPANY TIMETABLE
    A presentation for investors and analysts will be held at 11:00 BST today. A link to the presentation can be found on the Results & Reports page of the Company website. A recording of the presentation will be made available on the Company website after the event.

        FY25 Final Dividend
    Ex-dividend date   3 July 2025
    Record date   4 July 2025
    Dividend payment date   18 July 2025
    Annual General Meeting
    The Annual General Meeting will be held on Tuesday 24 June 2025. The Board will be communicating the format of the meeting separately in the Notice of Meeting. This will include details of how shareholders may register their interest in attending the Annual General Meeting.
    Shareholder Seminar
    We will be holding a Shareholder Seminar for institutional shareholders and research analysts at 3:30pm BST on Wednesday 18 June 2025, with registration starting at 3:15pm BST.

    Shareholders should contact icg-enterprise@icgam.com should they wish to attend.

    Please note that for regulatory reasons this event is only open to institutional investors and research analysts.

    ENQUIRIES

    Institutional investors and analysts:  
    Martin Li, Shareholder Relations, ICG +44 (0) 20 3545 1816
    Nathan Brown, Deutsche Numis +44 (0) 20 7260 1426
    David Harris, Cadarn Capital +44 (0) 20 7019 9042
       
    Media:  
    Clare Glynn, Corporate Communications, ICG +44 (0) 20 3545 1395

    ABOUT ICG ENTERPRISE TRUST

    ICG Enterprise Trust is a leading listed private equity investor focused on creating long-term growth by delivering consistently strong returns through selectively investing in profitable, cash-generative private companies, primarily in Europe and the US, while offering the added benefit to shareholders of daily liquidity.

    We invest in companies directly as well as through funds managed by ICG plc and other leading private equity managers who focus on creating long-term value and building sustainable growth through active management and strategic change.

    NOTES

    Included in this document are Alternative Performance Measures (“APMs”). APMs have been used if considered by the Board and the Manager to be the most relevant basis for shareholders in assessing the overall performance of the Company, and for comparing the performance of the Company to its peers and its previously reported results. The Glossary includes further details of APMs and reconciliations to International Financial Reporting Standards (“IFRS”) measures, where appropriate.

    In the Manager’s Review and Supplementary Information, all performance figures are stated on a Total Return basis (i.e. including the effect of re-invested dividends). ICG Alternative Investment Limited, a regulated subsidiary of Intermediate Capital Group plc, acts as the Manager of the Company.

    DISCLAIMER

    The information contained herein and on the pages that follow does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust PLC (the “Company”) or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an “Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person (“U.S. Person”) as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or to any national, resident or citizen of an Excluded Jurisdiction.

    The information on the pages that follow may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.

    CHAIR’S STATEMENT

    Dear fellow shareholders,

    For the 12 months to 31 January 2025 ICG Enterprise Trust delivered a NAV per Share Total Return of 10.5% and a Share Price Total Return of 12.5%. Over the last five years, the annualised returns have been 14.5% and 9.6% respectively.

    The Board has declared dividends for the year of 36p (+9% compared to FY24) and reduced ICGT’s share count by 4.3% during the year by returning £36m to shareholders through share buybacks at a weighted average discount of 36.6%.

    INVESTMENT STRATEGY

    The Company’s Portfolio grew 10.2% on a Local Currency Basis during the year (last five years annualised: 15.8%).

    We invest in resilient private companies and are geographically balanced between North America and Europe. During the year we evolved our target portfolio mix towards having more Direct and Secondary Investments, which will help to optimise Portfolio concentration and liquidity.

    COST BASE

    ICGT’s ongoing charges for FY25 were 1.38% (FY24: 1.37%). As a Board, we are committed to providing value for our shareholders and transparent disclosure around our cost. The change in fees and cost savings instigated by the Board in FY24 continued to enhance the net return of our investment strategy delivering £2.0m savings in FY25. We publish a Statement of Expenses that sets out the impact of ICGT’s expenses on the financial returns to shareholders (available at www.icg-enterprise.co.uk/soe) and which has been updated for our FY25 expenses.

    CAPITAL ALLOCATION

    The Board has continued its proactive approach to capital allocation. We balance the potential long-term compounding returns of investments into new portfolio companies with cash returns to shareholders at par via dividends and the value accretion of buying back shares at a discount to NAV. ICGT was the first in our sector to introduce a long-term share buyback programme in FY23, and in FY25 we supplemented this with an opportunistic buyback that has been renewed for FY26.

    Over the last five years, ICGT’s dividend per share has grown at an annualised rate of 9.4% (including the proposed 10.5p final dividend being declared for FY25). The ICGT ordinary dividend per share has now increased for the twelfth consecutive year.

    Since October 2022 our share buybacks have returned £51m to shareholders and acquired shares at a weighted-average discount of 37.5%, increasing NAV per Share by 54p (2.7%). We believe the share buybacks have also increased the liquidity and reduced the volatility of our shares.

    BALANCE SHEET

    We continue to implement our objective of being fully invested through cycles alongside maintaining a robust balance sheet. This allows us to manage our resources in line with our capital allocation policy.

    Having increased our credit facility during the year from €240m to €300m, at 31 January 2025 ICG Enterprise Trust had total available liquidity of £125m and net gearing of 10%. We have announced two transactions post period-end that in aggregate generated Total Proceeds to ICGT of over £100m.

    SALES AND MARKETING

    In aggregate across the Board and Manager we own in excess of 270,000 shares, and are aligned to the success of an investment in ICG Enterprise Trust shares.

    ICGT’s discount remains at levels that the Board feels do not reflect the fundamental value of the shares. The discount is currently 41%. We continue to be challenged by the share price trading at such a discount to NAV and the Board is active in its pursuit of ways to improve the Company’s rating.

    I had a year of strong shareholder engagement, welcomed several new holders to our register and received valuable feedback that has been shared with the Board and Manager. In conjunction with our Manager, our Corporate Broker and our distribution partner we will continue the programme to help the market understand ICGT’s shareholder proposition and its role within investment portfolios.

    OUTLOOK

    Our focus on investing in private equity-owned companies that have resilient growth characteristics gives shareholders access to investments that they cannot reach through public market strategies. ICGT plays a valuable role in our shareholders’ portfolios.

    I believe there is substantial value in our Portfolio and in the new investments the Manager is making on our shareholders’ behalf. Our Portfolio is performing well, and I thank all shareholders for your continued support.

    Jane Tufnell
    Chair
    7 May 2025

    MANAGER’S REVIEW

    Alternative Performance Measures

    The Board and the Manager monitor the financial performance of the Company on the basis of Alternative Performance Measures (‘APM’), which are non-UK-adopted IAS (‘IAS’) measures. The APM predominantly form the basis of the financial measures discussed in this review, which the Board believes assists shareholders in assessing their investment and the delivery of the investment strategy.

    The Company holds certain investments in subsidiary entities. The substantive difference between APM and IAS is the treatment of the assets and liabilities of these subsidiaries. The APM basis ‘looks through’ these subsidiaries to the underlying assets and liabilities they hold, and it reports the investments as the Portfolio APM, gross of the liability in respect of the Co-investment Incentive Scheme. Under IAS, the Company and its subsidiaries are reported separately. The assets and liabilities of the subsidiaries, which include the liability in respect of the Co-investment Incentive Scheme, are presented on the face of the IAS balance sheet as a single carrying value. The same is true for the IAS and APM basis of the cash flow statement.

    The following table sets out IAS metrics and the APM equivalents:

    IFRS (£m) 31 January 2025 31 January 2024 APM (£m) 31 January 2025 31 January 2024
    Investments 1,470 1,296 Portfolio 1,523 1,349
    NAV 1,332 1,283 Realisation Proceeds 151 171
    Cash flows from the sale of portfolio investments 20 41 Total Proceeds 151 239
    Cash flows related to the purchase of portfolio investments 34 25 Total New Investment 181 137

    The Glossary includes definitions for all APM and, where appropriate, a reconciliation between APM and IAS.

    Why private equity

    Every day the lives of those living and working in the US and Western Europe are touched by companies owned by private equity: retailers, payments processors, home security, pet food, health services – the list is long. What typically unites these businesses is that they are profitable and cash generative. These businesses are actively managed by their shareholders, with management teams heavily incentivised to generate returns. Increasingly companies with these characteristics are choosing to grow under private equity ownership and to stay private for longer. Within that, ICGT focuses on a subset of those companies that we expect will generate resilient growth. As more businesses are owned by private equity, we believe it is a structurally attractive allocation within an investment portfolio, with a track record of attractive returns, and significant opportunity to continue that trajectory.

    A share in ICGT gives you access to a unique portfolio of private companies.

    Our investment strategy

    Within developed markets, we focus on investing in buyouts of profitable, cash-generative businesses that exhibit resilient growth characteristics, which we believe will generate strong long-term compounding returns across economic cycles.

    We take an active approach to Portfolio construction, with a flexible mandate that enables us to deploy capital in Primary, Secondary and Direct Investments. Geographically, we focus on the developed markets of North America and Europe which have deep and mature private equity markets.

      Medium-term target Five-year average 31 January 2025
    1. Target Portfolio composition 1      
    Investment category      
    Primary ~40-50% 57% 52%
    Direct ~30-35% 28% 33%
    Secondary ~25-30% 15% 15%
    Geography2      
    North America ~50% 40% 46%
    Europe (inc. UK) ~50% 52% 48%
    Other 8% 6%
           
    2. Balance sheet      
    Net cash/(Net Debt)3 ~0% (1)% (10)%
    1. Five-year average is the linear average of FY exposures for FY21-FY25.
    2. As a percentage of Portfolio.
    3. (Net cash)/debt as a percentage of NAV. Post period-end, we announced Total Proceeds of over £100m from a secondary sale and the realisation of Minimax, see page 14

    ICG Enterprise Trust benefits from access to ICG-managed funds and Direct Investments, which represented 28% of the Portfolio value at period end and generated a 8.4% return on a Local Currency Basis.

    Performance overview

    At 31 January 2025, our Portfolio was valued at £1,523m, and the Portfolio Return on a Local Currency Basis for the financial year was 10.2% (FY24: 5.9%).

    Due to the geographic diversification of our Portfolio, the reported value is impacted by changes in foreign exchange rates. During the period, FX movements affected the Portfolio positively by £5.4m, driven by US dollar appreciation. In sterling terms, Portfolio growth during the period was 10.6%.

    The net result for shareholders was that ICG Enterprise Trust generated a NAV per Share Total Return of 10.5% during FY25, ending the period with a NAV per Share of 2,073p.

    Movement in the Portfolio
    £m
    Twelve months to 31 January 2025 Twelve months to 31 January 2024
    Opening Portfolio1 1,349 1,406
    Total New Investments 181 137
    Total Proceeds (151) (239)
    Portfolio net cashflow 30 (102)
    Valuation movement2 138 83
    Currency movement 6 (39)
    Closing Portfolio 1,523 1,349
    1. Refer to the Glossary. 

    2. 97% of the Portfolio is valued using 31 December 2024 (or later) valuations (FY24: 94%). 

       
    NAV per Share Total Return Twelve months to 31 January 2025 Twelve months to 31 January 2024
    % Portfolio growth (local currency) 10.2% 5.9%
    % currency movement 0.4% (2.7%)
    % Portfolio growth (Sterling) 10.6% 3.2%
    Impact of gearing 0.7% (0.3)%
    Finance costs and other expenses (0.6)% (0.2)%
    Management fee (1.3)% (1.2)%
    Co-investment Incentive Scheme Accrual (0.7)% (0.1)%
    Impact of share buybacks 1.8% 0.7%
    NAV per Share Total Return 10.5% 2.1%

    For Q4 the Portfolio Return on a Local Currency Basis was 2.9% and the NAV per Share Total Return was 4.3%

    Executing our investment strategy

    Commitments
    in the financial year
    Total New Investments
    in the financial year
    Growth
    in the financial year
    Total Proceeds
    in the financial year
    Making commitments to funds, which expect to be drawn over 3 to 5 years Cash deployments into portfolio companies, either through funds or directly Driving growth and value creation of our portfolio companies Cash realisations of investments in Portfolio companies, plus Fund Disposals
    £83m
    (FY24: £153m)
    £181m
    (FY24: £137m)
    £138m
    (FY24: £83m)
    £151m
    (FY24: £239m)

    Commitments

    Our evergreen structure and flexible investment mandate enable us to commit through the cycle, maintaining vintage diversification for our Portfolio and sowing the seeds for future growth.

    During the year we made 7 new Fund Commitments totalling £83.4m, including £19.8m to funds managed by ICG plc, as detailed below:

    Fund Manager Commitment during the period
        Local currency £m
    ICG Strategic Equity V ICG $25.0 m £19.8 m
    Leeds VIII Leeds Equity $20.0 m £15.7 m
    Investindustrial VIII Investindustrial €15.0 m £12.9 m
    Oak Hill VI Oak Hill $15.0 m £11.9 m
    Thoma Bravo XVI Thoma Bravo $15.0 m £11.7 m
    Valeas I Valeas $10.0 m £7.5 m
    American Securities IX American Securities $5.0 m £4.0 m

    At 31 January 2025, ICG Enterprise Trust had outstanding Undrawn Commitments of £553.2m

    Movement in outstanding Commitments Year to 31 January 2025
    £m
    Undrawn Commitments as at 1 February 2024 552.0
    New Fund Commitments 83.4
    New Commitments relating to Direct Investments 65.3
    Total New Investments (181.4)
    Currency and other movements 33.9
    Undrawn commitments as at 31 January 2025 553.2

    Total Undrawn Commitments at 31 January 2025 comprised £419.1m of Undrawn Commitments to funds within their Investment Period, and a further £134.1m was to funds outside their Investment Period.

      31 January 2025
    £m
    31 January 2024
    £m
    Undrawn Commitments – funds in Investment Period 419.1 434.2
    Undrawn Commitments – funds outside Investment Period 134.1 117.7
    Total Undrawn Commitments 553.2 552.0
    Total available liquidity (including debt facility) (124.6) (195.9)
    Overcommitment net of total available liquidity 428.6 356.1
    Overcommitment % of net asset value 31.1% 27.7%

    Commitments are made in the funds’ underlying currencies. The currency split of the Undrawn Commitments at 31 January 2025 was as follows:

      31 January 2025 31 January 2024
    Undrawn Commitments £m % £m %
    US Dollar 310.3 56.1% 290 52.5%
    Euro 213.1 38.5% 236 42.7%
    Sterling 29.8 5.4% 26 4.8%
    Total 553.2 100.0% 552.0 100.0%

    Investments

    Total new investments of £181.4m during the period, of which 12% (£21.1m) were alongside ICG. New investment by category detailed in the table below:

    Investment Category

    Cost (£m)

    % of New Investments
    Primary 115.5 63.6%
    Direct 58.4 32.2%
    Secondary 7.6 4.2%
    Total 181.4 100.0%

    The five largest new investments in the period were as follows:

    Investment Description Manager Country Cost £m1
    Datasite Provider of software focused on virtual data rooms ICG United States 18.4
    Visma Provider of business management software and outsourcing services Hg Norway 14.5
    Audiotonix Manufacturer of audio mixing consoles PAI United Kingdom 14.0
    Multiversity Provider of online higher education courses. ICG/CVC Italy 9.4
    Avid Bioservices Provider of biologics development and manufacturing services GHO United States 7.3
    Top 5 largest underlying new investments 63.6

    1 Represents ICG Enterprise Trust’s indirect investment (share of fund cost) plus any Direct Investments in the period.

    Occasionally ICGT simultaneously has both a realisation from and an investment into the same company in the same period. This typically occurs when an underlying fund sells a company that is purchased by another fund within ICGT’s portfolio. During FY25 shareholders will note that Datasite and Visma appear both in the top 5 realisations and top 5 new investments, which is a result of this situation.

    GROWTH

    The Portfolio grew by £138.0m (+10.2%) on a Local Currency Basis in the 12 months to 31 January 2025.

    Growth across the Portfolio was split as follows:

    • By investment type: growth was spread across Primary (8.2%), Secondary (6.4%) and Direct (16.3%)
    • By geography: North America and Europe experienced growth of 12.1% and 8.4% respectively

    The growth in the Portfolio is underpinned by the performance of our portfolio companies, which delivered robust financial performance during the period:

      Top 30 Enlarged Perimeter
    Portfolio coverage 41% 67%
    Last Twelve Months (‘LTM’) revenue growth 9.0% 11.2%
    LTM EBITDA growth 15.5% 15.3%
    Net Debt / EBITDA 4.0x 4.4x
    Enterprise Value / EBITDA 15.4x 15.2x
    Note: values are weighted averages for the respective portfolio segment; see Glossary for definition and calculation methodology

    QUOTED COMPANY EXPOSURE

    We do not actively invest in publicly quoted companies but gain listed investment exposure when IPOs are used as a route to exit an investment. In these cases, exit timing typically lies with the manager with whom we have invested.

    At 31 January 2025, ICG Enterprise Trust’s exposure to quoted companies was valued at £73.1m, equivalent to 4.8% of the Portfolio value (31 January 2024: 4.8%). Across the Portfolio, quoted positions resulted in a £4.3m increase in Portfolio NAV during the period. The share price of our largest listed exposure, Chewy, increased by 119% in local currency (USD) during the period. This positively impacted the Portfolio Return on a Local Currency Basis by approximately 0.8%.

    At 31 January 2025 Chewy was the only quoted investment that individually accounted for 0.5% or more of the Portfolio value:

    Company Ticker 31 January 2025
    % of Portfolio value
    Chewy CHWY-US 2.0%
    Other companies   2.8%
    Total   4.8%

    REALISATIONS

    During FY25, the ICG Enterprise Trust Portfolio generated Total Proceeds of £150.8m.

    Realisation activity during the period included 40 Full Exits generating proceeds of £73.7m. These were completed at a weighted average Uplift to Carrying Value of 19% and represent a weighted average Multiple to Cost of 2.9x for those investments.

    Realisation Manager Description Country Proceeds £m
    VettaFi ICG Provider of master limited partnerships (“MLP”) indices United States 10.2
    Visma ICG Provider of business management software and outsourcing services Norway 8.2
    Datasite ICG Provider of software focused on virtual data rooms United States 7.8
    Compass Community Graphite Provider of fostering services and children residential care United Kingdom 7.4
    IRIS ICG Provider of software and services for the accountancy and payroll sectors United Kingdom 7.0
    Total of 5 largest underlying realisations   40.7

    Balance sheet and liquidity

    Net assets at 31 January 2025 were £1,332m, equal to 2,073p
    per share.

    The Company had net debt of £128m and at 31 January 2025, the Portfolio represented 114% of net assets (31 January 2024: 105%).

      £m % of net assets
    Portfolio 1,523.1 114.3%
    Cash 3.9 0.3%
    Drawn debt (131.9) (9.9)%
    Co-investment Incentive Scheme Accrual (53.9) (4.0)%
    Other net current liabilities (8.8) (0.7)%
    Net assets 1,332.4 100.0%

    Our objective is to be fully invested through the cycle, while ensuring that we have sufficient financial resources to be able to take advantage of attractive investment opportunities as they arise.

    During the year, our balance sheet flexibility was enhanced through an increase in the credit facility size from €240m to €300m. This change was effective from 20 December 2024.

    At 31 January 2025, ICG Enterprise Trust had a cash balance
    of £3.9m (31 January 2024: £11.2m) and total available liquidity of £124.6m (31 January 2024: £195.9m).

      £m
    Cash at 31 January 2024 11.2
    Total Proceeds 150.8
    New investments (181.4)
    Debt drawn down 111.9
    Shareholder returns (58.2)
    Management fees (16.0)
    FX and other expenses (13.5)
    Cash at 31 January 2025 3.9
    Available undrawn debt facilities 120.7
    Total available liquidity 124.6

    Dividend and share buyback

    ICG Enterprise Trust has a progressive dividend policy alongside two share buyback programmes to return capital to shareholders.

    DIVIDENDS

    The Board has declared a dividend of 10.5p per share in respect of the fourth quarter, taking total dividends for the year to 36p (FY24: 33p). It is the twelfth consecutive year of ordinary dividend per share increases.

    SHARE BUYBACKS

    The following purchases have been made under the Company’s share buyback programmes:

      Long-term Opportunistic Total
      FY253 Since inception1 FY253 Since inception2 FY253 Since
    inception
    Number of shares purchased 1,420,500 2,752,688 1,492,175 1,492,175 2,912,675 4,244,863
    % of opening shares since buyback started         4.3% 6.2%
    Capital returned to shareholders £17.3m £32.6m £18.3m £18.3m £35.6m £50.8m
    Number of days shares have been acquired 87 183 11 11 98 194
    Weighted average discount to last reported NAV 37.0% 38.3% 36.2% 36.2% 36.6% 37.5%
    NAV per Share accretion (p)         36.5 54.1
    NAV per Share accretion (% of NAV)         1.8% 2.7%

    1.Since October 2022 (which was when the long-term share buyback programme was launched) up to and including 31 January 2025.

    2. Since May 2024 (which was when the opportunistic buyback programme was launched) up to and including 31 January 2025.

    3. Based on company-issued announcements / date of purchase, rather than date of settlement.

    Note: aggregate consideration excludes commission, PTM and SDRT.

    The Board believes the long-term buyback programme demonstrates the Manager’s discipline around capital allocation; underlines the Board’s confidence in the long-term prospects of the Company, its cash flows and NAV; will enhance the NAV per Share; and, over time, may positively influence the volatility of the Company’s discount and its trading liquidity.

    During the period, the Board announced an opportunistic share buyback programme for FY25 of up to £25m. This is intended to enable us to take advantage of current trading levels, when the ability to purchase shares in meaningful size at a significant discount presents itself. It was renewed for FY26 for an additional year up to £25m.

    Foreign exchange rates

    The details of relevant foreign exchange rates applied in this report are provided in the table below:

      Average rate for FY25 Average rate for FY24 31 January 2025 year end 31 January 2024 year end
    GBP:EUR 1.18 1.15 1.20 1.17
    GBP:USD 1.28 1.25 1.24 1.27
    EUR:USD 1.08 1.08 1.04 1.08

    Activity since the period end

    Notable activity between 1 February 2025 and 31 March 2025 has included:

    • Four new Fund Commitments for a combined value of £64m
    • New investments of £39m
    • Realisation Proceeds of £26m

    From 1 February 2025 up to and including 30 April 2025, 718,000 shares (£8.9m) were bought back at a weighted-average discount to NAV of 37.9%.

    In addition, during the month of April 2025, we announced that proceeds of £107m were received as a result of two transactions:

    • Secondary sale (£62m net proceeds), executed at a discount of 5.5% to 30 September 2024 valuation and realising a 1.6x return on invested cost (15% IRR)
    • Realisation of Minimax (€53m (£45m) proceeds), ICGT’s largest portfolio company at 31 January 2025 (3.1% of Portfolio value). ICG Enterprise Trust is reinvesting €10m in the next stage of Minimax’s growth alongside Management and other investors including certain ICG funds.

    ICG Private Equity Funds Investment Team

    7 May 2025

    SUPPLEMENTARY INFORMATION

    This section presents supplementary information regarding the Portfolio (see Manager’s Review and the Glossary for further details and definitions).

    Portfolio composition

    Portfolio by calendar year of investment % of value of underlying investments
    31 January 2025
    % of value of underlying investments
    31 January 2024
    2025 0.5% —%
    2024 10.1% —%
    2023 7.6% 6.9%
    2022 18.5% 18.7%
    2021 25.7% 27.9%
    2020 8.6% 11.4%
    2019 10.3% 12.4%
    2018 7.3% 10.5%
    2017 2.2% 4.2%
    2016 and older 9.2% 8.0%
    Total 100.0% 100.0%
    Portfolio by sector % of value of underlying investments
    31 January 2025
    % of value of underlying investments
    31 January 2024
    TMT 29.9% 25.3%
    Consumer goods and services 18.1% 17.5%
    Healthcare 11.5% 11.3%
    Business services 12.4% 13.1%
    Industrials 7.8% 7.9%
    Education 5.0% 7.4%
    Financials 7.6% 5.7%
    Leisure 4.0% 7.3%
    Other 3.7% 4.5%
    Total 100.0% 100.0%
    Portfolio by fund currency1 31 January 2025
    £m
    31 January 2025
    %
    31 January 2024
    £m
    31 January 2024
    %
    US Dollar 796 52.3% 674 49.9%
    Euro 584 38.4% 555 41.2%
    Sterling 140 9.2% 120 8.9%
    Total 1,523   1,349 100.0%
    1 Currency exposure by reference to the reporting currency of each fund .

    Portfolio Dashboard

    The tables below provide disclosure on the composition and dispersion of financial and operational performance for the Top 30 and the Enlarged Perimeter. At 31 January 2025, the Top 30 Companies represented 40.2% of the Portfolio by value and the Enlarged Perimeter represented 66.9% of total Portfolio value. This information is prepared on a value-weighted basis, based on contribution to Portfolio value at 31 January 2025. Datasets for Top 30 companies and ‘Enlarged perimeter’ are not distinct and will have some overlap.

      % of value at 31 January 2025
    Sector exposure Top 30 Enlarged Perimeter
    TMT 17.3% 30.2%
    Business services 16.9% 13.9%
    Consumer goods and services 14.0% 17.3%
    Industrials 27.3% 8.7%
    Healthcare 8.4% 10.0%
    Education 6.9% 6.5%
    Leisure 6.8% 5.1%
    Financials 2.4% 5.1%
    Other —% 3.2%
    Total 100.0% 100.0%
      % of value at 31 January 2025
    Geographic exposure1 Top 30 Enlarged Perimeter
    North America 43.6% 45.0%
    Europe 50.3% 50.5%
    Other 6.1% 4.5%
    Total 100.0% 100.0%
    1 Geographic exposure is calculated by reference to the location of the headquarters of the underlying Portfolio companies
        % of value at 31 January 2025
    LTM revenue growth Top 30 Enlarged Perimeter
    <-10% 3.2% 4.0%
    `-10-0% 9.0% 10.2%
    0-10% 59.4% 47.0%
    10-20% 15.2% 20.6%
    20-30% 3.6% 5.6%
    >30% 9.6% 10.0%
    n.a.1 —% 2.7%
    Weighted average 9.0% 11.2%
    Note: for consistency, any excluded investments are excluded for all dispersion analysis.
        % of value at 31 January 2025
    LTM EBITDA growth Top 30 Enlarged Perimeter
    <-10% 5.8% 7.2%
    `-10-0% 9.7% 10.3%
    0-10% 31.4% 27.5%
    10-20% 21.9% 23.0%
    20-30% 7.2% 8.9%
    >30% 24.0% 19.9%
    n.a1 —% 3.2%
    Weighted average 15.5% 15.3%
    Note: for consistency, any excluded investments are excluded for all dispersion analysis.
        % of value at 31 January 2025
    EV/EBITDA multiple Top 30 Enlarged Perimeter
    0-10x 8.5% 10.4%
    10-12x 17.2% 16.4%
    12-13x 8.1% 7.8%
    13-15x 18.6% 18.0%
    15-17x 25.9% 21.7%
    17-20x 6.5% 7.7%
    >20x 15.2% 15.4%
    n.a.1 —% 2.6%
    Weighted average 15.4x 15.2x
    Note: for consistency, any excluded investments are excluded for all dispersion analysis.
        % of value at 31 January 2025
    Net Debt / EBITDA Top 30 Enlarged Perimeter
    <2x 27.2% 17.3%
    2-4x 17.3% 19.9%
    4-5x 14.1% 15.7%
    5-6x 6.7% 13.2%
    6-7x 26.0% 17.8%
    >7x 8.7% 11.2%
    n.a.1 —% 5.1%
    Weighted average 4.0x 4.4x
    Note: for consistency, any excluded investments are excluded for all dispersion analysis.

    Top 30 companies
    The table below presents the 30 companies in which ICG Enterprise Trust had the largest investments by value at 31 January 2025. The valuations are gross of underlying managers fees and carried interest.

      Company Manager Year of investment Country Value as a % of Portfolio
    1 Minimax        
      Supplier of fire protection systems and services ICG 2018 Germany 3.1%
    2 Froneri        
      Manufacturer and distributor of ice cream products PAI 2013 / 2019 United Kingdom 2.5%
    3 Chewy        
      Online retailer of premium pet food and products BC Partners 2022 United States 2.0%
    4 Datasite        
      Provider of software focused on virtual data rooms ICG 2024 United States 1.9%
    5 Leaf Home Solutions        
      Provider of home maintenance services Gridiron 2016 United States 1.6%
    6 Visma        
      Provider of business management software and outsourcing services Hg/ICG 2024 Norway 1.6%
    7 Circana        
      Provider of mission-critical data and predictive analytics to consumer goods manufacturers New Mountain 2022 United States 1.6%
    8 European Camping Group        
      Operator of premium campsites and holiday parks PAI 2021 / 2023 France 1.5%
    9 Davies Group        
      Provider of speciality business process outsourcing services BC Partners 2021 United Kingdom 1.5%
    10 Ambassador Theatre Group        
      Operator of theatres and ticketing platforms ICG 2021 United Kingdom 1.4%
    11 Precisely        
      Provider of enterprise software Clearlake/ICG 2021 / 2022 United States 1.3%
    12 Newton        
      Provider of management consulting services ICG 2021 / 2022 United Kingdom 1.3%
    13 David Lloyd Leisure        
      Operator of premium health clubs TDR 2013 / 2020 United Kingdom 1.3%
    14 Curium Pharma        
      Supplier of nuclear medicine diagnostic pharmaceuticals ICG 2020 United Kingdom 1.3%
    15 PSB Academy        
      Provider of private tertiary education ICG 2018 Singapore 1.3%
    16 Crucial Learning        
      Provider of corporate training courses focused on communication skills and leadership development Leeds Equity 2019 United States 1.3%
    17 Class Valuation        
      Provider of residential mortgage appraisal management services Gridiron 2021 United States 1.3%
    18 Domus        
      Operator of retirement homes ICG 2017 / 2021 France 1.2%
    19 Yudo        
      Designer and manufacturer of hot runner systems ICG 2017 / 2018 South Korea 1.2%
    20 ECA Group        
      Provider of autonomous systems for the aerospace and maritime sectors ICG 2022 France 1.1%
    21 Brooks Automation        
      Provider of semiconductor manufacturing solutions THL 2021 / 2022 United States 1.0%
    22 Planet Payment        
      Provider of integrated payments services focused on hospitality and luxury retail Advent/Eurazeo/ICG 2021 Ireland 1.0%
    23 Ivanti        
      Provider of IT management solutions Charlesbank/ICG 2021 United States 1.0%
    24 Vistage        
      Provider of CEO leadership and coaching for small and mid-size businesses in the US Gridiron 2022 United States 1.0%
    25 Audiotonix        
      Manufacturer of audio mixing consoles PAI 2024 United Kingdom 0.9%
    26 DigiCert        
      Provider of enterprise security solutions ICG 2021 United States 0.9%
    27 Ping Identity        
      Provider of intelligent access management solutions Thoma Bravo 2022 / 2023 United States 0.9%
    28 KronosNet        
      Provider of tech-enabled customer engagement and business solutions ICG 2022 Spain 0.8%
    29 Archer Technologies        
      Provider of governance, risk and compliance software Cinven 2023 United States 0.7%
    30 Silvus Technologies        
      Developer of mobile communications datalinks used in law enforcement, unmanned systems and other commercial/industrial applications TJC 2019 United States 0.7%
      Total of the 30 largest underlying investments       40.2%

    The 30 largest fund investments
    The table below presents the 30 largest fund investments by value at 31 January 2025. The valuations are net of underlying managers’ fees and carried interest.

      Fund Year of commitment Value £m Outstanding commitment £m
    1 PAI Strategic Partnerships **      
      Mid-market and large buyouts 2019 34.6 0.2
    2 ICG Strategic Equities Fund IV      
      GP-led secondary transactions 2021 32.9 7.1
    3 ICG Strategic Equities Fund III      
      GP-led secondary transactions 2018 31.0 11.2
    4 ICG Europe VII      
      Mezzanine and equity in mid-market buyouts 2018 30.7 6.1
    5 CVC European Equity Partners VII      
      Large buyouts 2017 25.7 2.9
    6 PAI Europe VII      
      Mid-market and large buyouts 2017 24.6 2.4
    7 ICG Ludgate Hill (Feeder B) SCSp      
      Secondary portfolio 2021 23.8 13.6
    8 ICG Europe VIII      
      Mezzanine and equity in mid-market buy-outs 2021 23.6 14.3
    9 Gridiron Capital Fund III      
      Mid-market buyouts 2016 23.4 1.3
    10 Resolute IV      
      Mid-market buyouts 2018 23.0 0.9
    11 Gridiron Capital Fund IV      
      Mid-market buyouts 2019 21.5 0.5
    12 ICG Augusta Partners Co-Investor **      
      Secondary fund restructurings 2018 20.5 17.8
    13 Oak Hill V      
      Mid-market buyouts 2019 19.9 0.6
    14 Seventh Cinven      
      Large buyouts 2019 19.8 1.8
    15 Graphite Capital Partners VIII *      
      Mid-market buyouts 2013 19.3 4.1
    16 Graphite Capital Partners IX      
      Mid-market buyouts 2018 18.4 2.3
    17 ICG Ludgate Hill III      
      Secondary portfolio 2022 18.0 5.7
    18 Resolute V      
      Mid-market buyouts 2021 17.1 1.4
    19 Advent Global Private Equity IX      
      Large buyouts 2019 16.4 0.5
    20 ICG Ludgate Hill (Feeder) II Boston SCSp      
      Secondary portfolio 2022 16.0 5.4
    21 New Mountain Partners VI      
      Mid-market buy-outs 2020 14.9 0.5
    22 Investindustrial VII      
      Mid-market buyouts 2019 14.0 4.9
    23 ICG Europe Mid-Market Fund      
      Mezzanine and equity in mid-market buyouts 2019 13.5 5.5
    24 CVC Capital Partners VIII      
      Large buyouts 2020 13.4 0.5
    25 Bowmark Capital Partners VI      
      Mid-market buyouts 2018 13.1 3.4
    26 Tailwind Capital Partners III      
      Mid-market buyouts 2018 13.1 2.2
    27 BC European Capital X      
      Large buyouts 2016 13.1 1.4
    28 Thomas H Lee Equity Fund IX      
      Mid-market and large buyouts 2021 12.9 4.0
    29 Permira VII      
      Large buyouts 2019 12.6 1.6
    30 ICG LP Secondaries Fund I LP      
      LP-led secondary transactions 2022 12.2 41.1
      Total of the largest 30 fund investments   593.0 165.3
      Percentage of total investment Portfolio   39.1%  

    *All or part of interest acquired through a secondary sale.

    **Includes the associated Top Up funds.

    HOW WE MANAGE RISK

    Identifying and evaluating the strategic, financial and operational impact of our key risks

    The execution of the Company’s investment strategy is subject to a variety of risks and uncertainties, and the Board and Manager have identified several principal risks to the Company’s business. As part of this process, the Board has put in place an ongoing process to identify, assess and monitor the principal and emerging risks facing the Company, including those that would threaten its business model, future performance, solvency or liquidity.

    RISK MANAGEMENT FRAMEWORK

    The Board is responsible for risk management and determining the Company’s overall risk appetite. The Audit Committee assesses and monitors the risk management framework and specifically reviews the controls and assurance programmes in place.

    PRINCIPAL RISKS

    The Company’s principal risks are individual risks, or a combination of risks, that could threaten the Company’s business model, future performance, solvency or liquidity.

    Details of the Company’s principal risks, potential impact, controls and mitigating factors are set out on pages 23 to 27.

    OTHER RISKS

    Other risks, including reputational risk, are potential outcomes of the principal risks materialising. These risks are actively managed and mitigated as part of the wider risk management framework of the Company and the Manager.

    EMERGING RISKS

    Emerging risks are considered by the Board and are regularly assessed to identify any potential impact on the Company and to determine whether any actions are required. Emerging risks often include those related to regulatory/legislative change and macro-economic and political change.

    The Company depends upon the experience, skill and reputation of the employees of the Manager. The Manager’s ability to retain the service of these individuals, who are not obligated to remain employed by the Manager, and recruit successfully, is a significant factor in the success of the Company.

    PRINCIPAL RISKS AND UNCERTAINTIES

    The Company considers its principal risks (as well as several underlying risks comprising each principal risk) in four categories:

    1. Investment risks: the risk to performance resulting from ineffective or inappropriate investment selection, execution or monitoring.
    2. External risks: the risk of failing to deliver the Company’s investment objective and strategic goals due to external factors beyond the Company’s control.
    3. Operational risks: the risk of loss resulting from inadequate or failed internal processes, people or systems and external events, including regulatory risk.
    4. Financial risks: the risk of adverse impact on the Company due to having insufficient resources to meet its obligations or counterparty failure and the impact any material movement in foreign exchange rates may have on underlying valuations.

    RISK ASSESSMENT PROCESS

    A comprehensive risk assessment process is undertaken regularly to re-evaluate the impact and probability of each risk materialising and the strategic, financial and operational impact of the risk. Where the residual risk is determined to be outside appetite, appropriate action is taken. Further information on risk factors is set out within the financial statements.

    Risk appetite and tolerance

    The Board acknowledges and recognises that in the normal course of business, the Company is exposed to risk and it is willing to accept a certain level of risk in managing the business to achieve its targeted returns. The Board’s risk appetite framework provides a basis for the ongoing monitoring of risks and enables dialogue with respect to the Company’s current and evolving risk profile, allowing strategic and financial decisions to be made on an informed basis.

    The Board considers several factors to determine its acceptance for each principal risk and categorises acceptance for each risk as low, moderate and high. Where a risk is approaching or is outside the tolerance set, the Board will consider the appropriateness of actions being taken to manage the risk. In particular, the Board has a lower tolerance for financing risk with the aim to ensure that even under a stress scenario, the Company is likely to meet its funding requirements and financial obligations. Similarly, the Board has a low risk tolerance concerning operational risks including legal, tax and regulatory compliance and business process and continuity risk.

    How we manage and mitigate our key risks

    RISK IMPACT MITIGATION CHANGE IN THE YEAR
    INVESTMENT RISKS      
    INVESTMENT PERFORMANCE

    The Manager selects the fund investments and Direct Investments for the Company’s Portfolio, executing the investment strategy approved by the Board. The underlying managers of those funds in turn select individual investee companies. The origination, investment selection and management capabilities of both the Manager and the third-party managers are key to the performance of the Company.

    Poor origination, investment selection and monitoring by the Manager and/or third-party managers which may have a negative impact on Portfolio performance. The Manager has a strong track record of investing in private equity through multiple economic cycles. The Manager has a highly selective investment approach and disciplined process, which is overseen by ICG Enterprise Trust’s Investment Committee within the Manager, which comprises a balance of skills and perspectives.

    Further, the Company’s Portfolio is diversified, reducing the likelihood of a single investment decision impacting Portfolio performance.

    Stable

    The Board is responsible for ensuring that the investment policy is met. The day-to-day management of the Company’s assets is delegated to the Manager under investment guidelines determined by the Board. The Board regularly reviews these guidelines to ensure they remain appropriate and monitors compliance with the guidelines through regular reports from the Manager, including performance reporting. The Board also reviews the investment strategy at least annually.

    Following this assessment and other considerations, the Board concluded that investment performance risk has remained stable.

    VALUATION

    In valuing its investments in private equity funds and unquoted companies and publishing its NAV, the Company relies to a significant extent on the accuracy of financial and other information provided by the underlying managers to the Manager. There is the potential for inconsistency in the valuation methods adopted by the managers of these funds and companies and for valuations to be misstated.

    Incorrect valuations being provided would lead to an incorrect overall NAV. The Manager carries out a formal valuation process quarterly including a review of third-party valuations.

    This process includes a comparison of unaudited valuations to latest audited reports, as well as a review of any potential adjustments that are required to ensure the valuations of the underlying investments are in accordance with the fair market value principles required under UK-adopted International Accounting Standards (‘IAS’).

    Stable

    The Board regularly reviews and discusses the valuation process in detail with the Manager, including the sources of valuation information and methodologies used.

    Following this assessment and other considerations, the Board concluded that there was no material change in valuation risk.

    EXTERNAL RISKS      
    POLITICAL AND MACRO-ECONOMIC UNCERTAINTY
    Political and macro-economic uncertainty and other global events, such as pandemics, that are outside the Company’s control could adversely impact the environment in which the Company and its investment portfolio companies operate.
    Changes in the political or macro-economic environment could significantly affect the performance of existing investments (and valuations) and prospects for realisations. In addition, they could impact the number of credible investment opportunities the Company can originate. The Manager uses a range of complementary approaches to inform strategic planning and risk mitigation, including active investment management, profitability and balance sheet scenario planning and stress testing to ensure resilience across a range of outcomes.
    The process is supported by a dedicated in-house economist and professional advisers where appropriate.
    Increasing
    The Board monitors and reviews the potential impact on the Company from political and economic developments on an ongoing basis, including input and discussions with the Manager.
    Incorporating these views and other considerations, the Board concluded that this risk had increased.
    CLIMATE CHANGE
    The underlying managers of the fund investments and Direct Investments in the Company’s Portfolio fail to ensure that their portfolio companies respond to the emerging threats from climate change.
    Climate-related transition risks, driven in particular by abrupt shifts in the political and technological landscape, impact the value of the Company’s Portfolio. The Manager has a well-defined, firm-wide Responsible Investing Policy and sustainable investing framework in place.
    A tailored sustainable investing framework applies across all stages of the Company’s investment process.
    Stable

    The Board monitors and reviews the potential impact to the Company from failures by underlying managers to mitigate the impact of climate change on portfolio company valuation.

    THE LISTED PRIVATE
    EQUITY SECTOR
    The listed private equity sector could fall out of favour with investors leading to a reduction in demand for the Company’s shares.
    A change in sentiment to the sector has the potential to damage the Company’s reputation and impact the performance of the Company’s share price and widen the discount the shares trade at relative to NAV per Share, causing shareholder dissatisfaction. Private equity continues to outperform public markets over the long term and has proved to be an attractive asset class through various cycles. The Manager is active in marketing the Company’s shares to a wide variety of investors to ensure the market is informed about the Company’s performance and investment proposition.
    In setting the capital allocation policy, including the allocations to dividends and share buybacks, the Board monitors the discount to NAV and considers appropriate solutions to address any ongoing or substantial discount to NAV.
    Increasing
    The persistence of the discount to NAV, together with other sector uncertainties, indicates an increase in risk.
    The Board receives regular updates from the Company’s broker and is kept informed of all material discussions with investors and analysts.
    FOREIGN EXCHANGE
    The Company has continued to expand its geographic diversity by making investments in different countries. Accordingly, most investments are denominated in US dollars and euros.
    The Company does not hedge its foreign exchange exposure. Therefore, movements in exchange rates between these currencies may have a material effect on the underlying sterling valuations of the investments and performance of the Company. The Board regularly reviews the Company’s exposure to currency risk and reconsiders possible hedging strategies on at least an annual basis.
    Furthermore, the Company’s multicurrency bank facility permits the borrowings to be drawn in euros and US dollars, if required.
    Stable
    The Board reviewed the Company’s exposure to currency risk and possible hedging strategies and concluded that there was no material change in foreign exchange risk during the year and that it remains appropriate for the Company not to hedge its foreign exchange exposure.
    OPERATIONAL RISKS      
    REGULATORY, LEGAL
    AND TAX COMPLIANCE
    Failure by the Manager to comply with relevant regulation and legislation could have an adverse impact on the Company. Additionally, adherence to changes in the legal, regulatory and tax framework applicable to the Manager could become onerous, lessening competitive or market opportunities.
    The failure of the Manager and the Company to comply with the rules of professional conduct and relevant laws and regulations could expose the Company to regulatory sanction and penalties as well as significant damage to its reputation. The Board is responsible for ensuring the Company’s compliance with all applicable regulatory, legal and tax requirements. Monitoring of this compliance has been delegated to the Manager, of which the in-house Legal, Compliance and Risk functions provide regular updates to the Board covering relevant changes to regulation and legislation.
    The Board and the Manager continually monitor regulatory, legislative and tax developments to ensure early engagement in any areas of potential change.
    Stable
    The Company remains responsive to a wide range of developing regulatory areas; and will continue to enhance its processes and controls in order to remain compliant with current and expected legislation.
    KEY PROFESSIONALS
    Loss of key professionals at the Manager could impair the Company’s ability to deliver its investment strategy and meet its external obligations if replacements are not found in a timely manner.
    If the Manager’s team is not able to deliver its objectives, investment opportunities could be missed or misevaluated, while existing investment performance may suffer. The Manager regularly updates the Board on team developments and succession planning. The Manager places significant focus on:
    Developing key individuals to ensure that there is a pipeline of potential succession candidates internally. External appointments are considered if that best satisfies the business needs.
    A team-based approach to investment decision-making, i.e. no one investment professional has sole responsibility for an investment or fund manager relationship.
    Sharing insights and knowledge widely across the investment team, including discussing all potential new investments and the overall performance of the Portfolio.
    Designing and implementing a compensation policy that helps to minimise turnover of key people.
    Stable
    The Board reviewed the Company’s exposure to people risk and concluded that the Manager continues to operate sustainable succession, competitive remuneration and retention plans.
    The Board believes that the risk in respect of people remains stable.
    THE MANAGER AND THIRD-PARTY PROVIDERS (INCLUDING BUSINESS PROCESSES, BUSINESS CONTINUITY AND CYBER)
    The Company is dependent on third parties for the provision of services and systems, especially those of the Manager, the Administrator and the Depositary.
    Failure by a third-party provider to deliver services in accordance with its contractual obligations could disrupt or compromise the functioning of the Company. A material loss of service could result in, among other things, an inability to perform business critical functions, financial loss, legal liability, regulatory censure and reputational damage.
    The failure of the Manager and Administrator to deliver an appropriate cyber security platform for critical technology systems could result in unauthorised access by malicious third parties, breaching the confidentiality, integrity and availability of Company data, negatively impacting the Company’s reputation.
    The performance of the Manager, the Administrator, the Depositary and other third-party providers is subject to regular review and reported to the Board.
    The Manager, the Administrator and the Depositary produce internal control reports to provide assurance regarding the effective operation of internal controls. These reports are provided to the Audit Committee for review. The Committee would seek further representations from service providers if not satisfied with the effectiveness of their control environment.
    The Audit Committee formally assesses the internal controls of the Manager, the Administrator and Depositary on an annual basis to ensure adequate controls are in place.
    The assessment in respect of the current year is discussed in the Report of the Audit Committee.
    The Management Agreement and agreements with other third-party service providers are subject to notice periods that are designed to provide the Board with adequate time to put in place alternative arrangements.
    Stable
    The Board carries out a formal annual assessment (supported by the Manager’s internal audit function) of the Manager’s internal controls and risk management systems.
    The Board also received regular reporting from the Manager and other third parties.
    Following this review and other considerations, the Board concluded that there was no material change in the Manager and other third-party suppliers risk.
    FINANCIAL RISKS      
    FINANCING
    The Company has outstanding commitments to private equity funds in excess of total liquidity that may be drawn down at any time. The ability to fund this difference is dependent on receiving cash proceeds from investments (the timing of which are unpredictable) and the availability of financing facilities.
    If the Company encountered difficulties in meeting its outstanding commitments, there would be significant reputational damage as well as risk of damages being claimed from managers and other counterparties. The Manager monitors the Company’s liquidity, overcommitment ratio and covenants on a frequent basis, and undertakes cash flow monitoring, and provides regular updates on these activities to the Board. Stable
    The Board reviewed the Company’s exposure to financing risk, noting the Net Debt position, the increase in available facility and the short-term realisation forecast and concluded that this risk was stable.

    Audited Financial Statements for the year ended 31 January 2025

    INCOME STATEMENT

    Year to 31 January 2025 Year to 31 January 2024
      Notes Revenue
    return
    £’000
    Capital return
    £’000
    Total
    £’000
    Revenue
    return
    £’000
    Capital return
    £’000
    Total
    £’000
    Investment returns              
    Income, gains and losses on investments 2,10 1,060 134,156 135,216 2,365 39,369 41,734
    Deposit interest 2 48 48 405 405
    Other income 2 5 5 104 104
    Foreign exchange gains and losses   (729) (729) 1,193 1,193
        1,113 133,427 134,540 2,874 40,562 43,436
    Expenses              
    Investment management charges 3 (1,618) (14,558) (16,175) (1,615) (14,533) (16,148)
    Other expenses including finance costs 4 (2,439) (8,417) (10,855) (2,520) (7,402) (9,922)
        (4,057) (22,974) (27,031) (4,135) (21,935) (26,070)
                   
    Profit/(loss) before tax   (2,943) 110,453 107,510 (1,261) 18,627 17,366
    Taxation 6    
    Profit/(loss) for the period   (2,943) 110,453 107,510 (1,261) 18,627 17,366
    Attributable to:              
    Equity shareholders   (2,943) 110,453 107,510 (1,261) 18,627 17,366
    Basic and diluted earnings per share 7     163.95p     25.63p
                   

    The columns headed ‘Total’ represent the income statement for the relevant financial years and the columns headed ‘Revenue return’ and ‘Capital return’ are supplementary information in line with guidance published by the AIC. There is no Other Comprehensive Income.

    All profits are from continuing operations.

    The notes on pages 34 to 59 form an integral part of the financial statements.

    BALANCE SHEET

     

    Notes

    31 January
    2025
    £’000

    31 January
    2024
    £’000

    Non-current assets      
    Investments held at fair value 9,10,17 1,469,549 1,296,382
           
    Current assets      
    Cash and cash equivalents 11 3,927 9,722
    Prepayments and receivables 12 2,018 2,258
        5,945 11,980
    Current liabilities      
    Borrowings   (131,931) (20,000)
    Payables 13 (11,171) (5,139)
           
    Net current assets / (liabilities)   (137,157) (13,159)
    Total assets less current liabilities   1,332,392 1,283,223
           
    Capital and reserves      
    Share capital 14 7,292 7,292
    Capital redemption reserve   2,112 2,112
    Share premium   12,936 12,936
    Capital reserve   1,315,727 1,279,751
    Revenue reserve   (5,675) (2,733)
    Total equity   1,332,392 1,283,223
           
    Net Asset Value per Share (basic and diluted) 15 2072.9p 1909.4p

    The notes on pages 34 to 59 form an integral part of the financial statements.

    The financial statements on pages 30 to 59 were approved by the Board of Directors on 7 May 2025 and signed on its behalf by:

    Jane Tufnell        Alastair Bruce
    Director                Director

    CASH FLOW STATEMENT

      Notes Year to 31 January 2025
    £’000
    Year to 31st January 2024
    £’000
    Operating activities      
    Sale of portfolio investments   19,966 40,611
    Purchase of portfolio investments   (34,144) (25,162)
    Cash flow to subsidiaries’ investments   (152,174) (116,084)
    Cash flow from subsidiaries’ investments   125,769 195,300
    Interest income received from portfolio investments   494 1,695
    Dividend income received from portfolio investments   547 779
    Other income received   53 509
    Investment management charges paid   (16,021) (15,647)
    Other expenses paid   (1,881) (2,596)
    Net cash inflow/(outflow) from operating activities   (57,391) 79,405
           
    Financing activities      
    Bank facility fee paid   (2,011) (3,970)
    Interest paid   (545) (5,571)
    Credit Facility utilised   139,762 128,109
    Credit Facility repaid   (27,831) (174,954)
    Purchase of shares into treasury   (35,851) (13,068)
    Equity dividends paid 8 (22,308) (21,694)
    Net cash (outflow)/inflow from financing activities   51,215 (91,148)
    Net decrease in cash and cash equivalents   (6,176) (11,743)
           
    Cash and cash equivalents at beginning of year 11 9,722 20,694
    Net decrease in cash and cash equivalents   (6,176) (11,743)
    Effect of changes in foreign exchange rates   381 771
    Cash and cash equivalents at end of period 11 3,927 9,722
    1. Includes settlement of unbilled management fees relating to the prior year (see note 13).

    The notes on pages 34 to 59 form an integral part of the financial statements.

    STATEMENT OF CHANGES IN EQUITY

     

    Share capital
    £’000

    Capital
    redemption
    reserve
    £’000

    Share premium
    £’000

    Realised
    capital
    reserve1
    £’000
    Unrealised
    capital
    reserve
    £’000
    Revenue
    reserve1
    £’000
    Total
    shareholders’
    equity
    £’000
           
    Opening balance at 1 February 2024 7,292 2,112 12,936 473,015 790,602 (2,733) 1,283,223
    Profit for the period and total comprehensive income (6,033) 116,485 (2,942) 107,510
    Capital distribution by subsidiary2
    Dividends paid (22,308) (22,308)
    Purchase of shares into treasury (36,033) (36,033)
    Closing balance at 31 January 2025 7,292 2,112 12,936 408,641 907,087 (5,675) 1,332,392
                   
     

    Share capital
    £’000

    Capital redemption
    reserve
    £’000

    Share premium
    £’000

    Realised
    capital
    reserve1
    £’000
    Unrealised
    capital
    reserve
    £’000
    Revenue
    reserve1
    £’000
    Total
    shareholders’
    equity
    £’000
           
    Opening balance at 1 February 2023 7,292 2,112 12,936 468,054 811,698 (1,473) 1,300,619
    Profit for the period and total comprehensive income 31,032 (12,405) (1,261) 17,366
    Capital distribution by subsidiary2 8,691 (8,691)
    Dividends paid (21,694) (21,694)
    Purchase of shares into treasury (13,068) (13,068)
    Closing balance at 31 January 24 7,292 2,112 12,936 473,015 790,602 (2,734) 1,283,223
    1. Distributable reserves.
    2. During the prior reporting period ICG Enterprise Trust Limited Partnership made a distribution of realised profits totalling £8.6m to the Company.

    The notes on pages 34 to 59 form an integral part of the financial statements.

    NOTES TO THE FINANCIAL STATEMENTS

    1 ACCOUNTING POLICIES

    General information

    These financial statements relate to ICG Enterprise Trust Plc (‘the Company’). ICG Enterprise Trust Plc is registered in England and Wales and is incorporated in the United Kingdom. The Company is domiciled in the United Kingdom and its registered office is Procession House, 55 Ludgate Hill, London EC4M 7JW. The Company’s objective is to provide long-term growth by investing in private companies managed by leading private equity managers.

    (a) Basis of preparation

    The financial information for the year ended 31 January 2025 has been prepared in accordance with UK-adopted International Accounting Standards (‘UK-IAS’) and the Statement of Recommended Practice (‘SORP’) for investment trusts issued by the Association of Investment Companies in July 2022.

    UK-IAS comprises standards and interpretations approved by the International Accounting Standards Board (‘IASB’) and the IFRS Interpretations Committee.

    These financial statements have been prepared on a going concern basis and on the historical cost basis of accounting, modified for the revaluation of certain assets at fair value. The directors have concluded that the preparation of the financial statements on a going concern basis continues to be appropriate.

    Going concern

    In assessing the appropriateness of continuing to adopt the going concern basis of accounting, the Board has assessed the financial position and prospects of the Company. The Company’s business activities, together with factors likely to affect its future development, performance, position and cash flows, are set out in the Chair’s statement on page 5, and the Manager’s review on page 7.

    As part of this review, the Board assessed the potential impact of principal risks on the Company’s business activities, the Company’s cash position, the availability of the Company’s credit facility and compliance with its covenants, and the Company’s cash flow projections.

    Based on this assessment, the Board expects that the Company will be able to continue in operation and meet its liabilities as they fall due until, at least, 31 May 2026, a period of more than 12 months from the signing of the financial statements. Therefore it is appropriate to continue to adopt the going concern basis of preparation of the Company’s financial statements.

    Climate change

    In preparing the financial statements, the directors have considered the impact of climate change, particularly in the context of the climate change risks identified in the Principal risks and uncertainties section of this Report, and the impact of climate change risk on the valuation of investments.

    These considerations did not have a material impact on the financial reporting judgements and estimates in the current year, nor were they expected to have a significant impact on the Company’s going concern or viability.

    Accounting policies

    The principal accounting policies adopted are set out below. These policies have been applied consistently throughout the current and prior year. In order to reflect the activities of an investment trust company, supplementary information which analyses the income statement between items of revenue and capital nature has been presented alongside the income statement. In analysing total income between capital and revenue returns, the directors have followed the guidance contained in the SORP as follows:

    Capital gains and losses on investments sold and on investments held arising on the revaluation or disposal of investments classified as held at fair value through profit or loss should be shown in the capital column of the income statement.

    Returns on any share or debt security for a fixed amount (whether in respect of dividends, interest or otherwise) should be shown in the revenue column of the income statement.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    The Board should determine whether the indirect costs of generating capital gains should also be shown in the capital column of the income statement. If the Board decides that this should be so, the management fee should be allocated between revenue and capital in accordance with the Board’s expected long-term split of returns, and other expenses should be charged to capital only to the extent that a clear connection with the maintenance or enhancement of the value of investments can be demonstrated.

    The accounting policy regarding the allocation of expenses is set out in note 1(i).

    In accordance with IFRS 10 (amended), the Company is deemed to be an investment entity on the basis that:

    (a) it obtains funds from one or more investors for the purpose of providing investors with investment management services;

    (b) it commits to its investors that its business purpose is to invest funds for both returns from capital appreciation and investment income; and

    (c) it measures and evaluates the performance of substantially all of its investments on a fair value basis.

    As a result, the Company’s controlled structured entities (‘subsidiaries’) are deemed to be investments and are classified as held at fair value through profit and loss.

    (b) Financial assets

    The Company classifies its financial assets in the following categories: at fair value through profit or loss; and at amortised cost. The classification depends on the purpose for which the financial assets were acquired. The classification of financial assets is determined at initial recognition.

    Financial assets at fair value through profit or loss

    The Company classifies its quoted and unquoted investments as financial assets at fair value through profit or loss. These assets are measured at subsequent reporting dates at fair value and further details of the accounting policy are disclosed in note 1(c).

    Financial assets at amortised cost

    Financial assets at amortised cost are non-derivative financial assets which pass the contractual cash flow test and are held to receive contractual cash flows. These are classified as current assets and measured at amortised cost using the effective interest rate method. The Company’s financial assets at amortised cost comprise cash and cash equivalents and trade and other receivables in the balance sheet.

    (c) Investments

    Investments comprise fund investments and portfolio company investments held by the Company directly, together with the fair value of the Company’s interest in controlled structured entities (see note 9) which themselves invest in fund investments and portfolio company investments.

    All investments are classified upon initial recognition as held at fair value through profit or loss (described in these financial statements as investments held at fair value) and are measured at subsequent reporting dates at fair value. All investments are fair valued in line with IFRS 13 ‘Fair Value Measurement’, using industry standard valuation guidelines such as the International Private Equity and Venture Capital (‘IPEV’) valuation guidelines. Changes in the value of all investments held at fair value, which include returns on those investments such as dividends and interest, are recognised in the income statement and are allocated to the revenue column or the capital column in accordance with the SORP (see note 1(a)). More detail on certain categories of investment is set out below. Given that the subsidiaries and associates are held at fair value and are exposed to materially similar risks as the Company, we do not expect the risks to materially differ from those disclosed in note 17.

    Unquoted Investments

    Fund investments and Co-investments (collectively ‘unquoted investments’) are fair valued using the net asset value of those unquoted investments as determined by the third-party investment manager of those funds. The third-party investment manager performs periodic valuations of the underlying investments in their funds, typically using earnings multiple or discounted cash flow methodologies to determine enterprise value in line with IPEV Guidelines. In the absence of contrary information, these net asset valuations received from the third-party investment managers are deemed to be

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    appropriate by the Manager, for the purposes of the Manager’s determination of the fair values of the unquoted investments. A robust assessment is performed by the Manager’s experienced Investment Committee to determine the capability and track record of the investment manager. All investment managers are scrutinised by the Investment Committee and an approval process is recorded before any new investment manager is approved and an investment made. This level of scrutiny provides reasonable comfort that the investment manager’s valuation will be consistent with the requirement to use fair value.

    Adjustments may be made to the net asset values provided or an alternative valuation method may be adopted if deemed to be more appropriate. The most common reason for adjustments to the value provided by an underlying manager is to take account of events occurring between the date of the manager’s valuation and the reporting date, for example, subsequent cash flows or notification of an agreed sale.

    Subsidiary undertakings

    The investments in the controlled structured entities (‘subsidiaries’) are recognised at fair value through profit and loss.

    The valuation of the subsidiaries takes into account an accrual for the estimated value of interests in the Co-investment Incentive Scheme. Under these arrangements, ICG (the ‘Manager’) and certain of its executives and, in respect of certain historic investments, the executives and connected parties of Graphite Capital Management LLP (the ‘Former Manager’) (together ‘the Co-investors’), are required to co-invest alongside the Company, for which they are entitled to a share of investment profits if certain performance hurdles are met. At 31 January 2024, the accrual was estimated as the theoretical value of the interests if the Portfolio had been sold at the carrying value at that date.

    Associates

    The Company holds an interest (including indirectly through its subsidiaries) of more than 20% in a small number of investments that may normally be classified as subsidiaries or associates. These investments are not considered subsidiaries or associates as the Company does not exert control or significant influence over the activities of these companies/structured entities as they are managed by other third parties.

    (d) Prepayments and receivables

    Receivables include unamortised fees which were incurred directly in relation to the agreement of a financing facility. These fees will be amortised over the life of the facility on a straight-line basis.

    (e) Payables

    Other payables are non-interest bearing and are stated at their amortised cost, which is not materially different from fair value.

    (f) Cash and cash equivalents

    Cash and cash equivalents comprise cash and short-term bank deposits with an original maturity of three months or less.

    (g) Dividend distributions

    Dividend distributions to shareholders are recognised in the period in which they are paid.

    (h) Income

    When it is probable that economic benefits will flow to the Company and the amount can be measured reliably, interest is recognised on a time apportionment basis.

    Dividends receivable on quoted equity shares are brought into account on the ex-dividend date. Dividends receivable on equity shares where no ex-dividend date is applicable are brought into account when the Company’s right to receive payment is established.

    UK dividend income is recorded at the amount receivable. Overseas dividend income is shown net of withholding tax. Income distributions from funds are recognised when the right to distributions is established.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    (i) Expenses

    All expenses are accounted for on an accruals basis. Expenses are allocated to the revenue column in the income statement, consistent with the SORP, with the following exceptions:

    • Expenses which are incidental to the acquisition or disposal of investments (transaction costs) are allocated to the capital column
    • The Board expects the majority of long-term returns from the Portfolio to be generated from capital gains. Expenses are allocated 90% to the capital column and 10% to the revenue column, reflecting the Company’s current and future return profile. Other expenses are allocated to the capital column where a clear connection with the maintenance or enhancement of the value of investments can be demonstrated.
    • All expenses allocated to the capital column are treated as realised capital losses (see note 1(l)).

    (j) Taxation

    Investment trusts which have approval as such under Section 1158 of the Corporation Tax Act 2010 are not liable for taxation on capital gains.
    Tax recognised in the income statement represents the sum of current tax and deferred tax charged or credited in the year. The tax effect of different items of expenditure is allocated between capital and revenue on the same basis as the particular item to which it relates.

    Deferred tax is the tax expected to be payable or recoverable on the difference between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method.

    Deferred tax liabilities are recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Deferred tax assets are not recognised in respect of tax losses carried forward to future periods.

    Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the assets are realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

    (k) Foreign currency translation

    The functional and presentation currency of the Company is sterling, reflecting the primary economic environment in which the Company operates.

    Transactions in currencies other than sterling are recorded at the rates of exchange prevailing on the dates of the transactions. At each balance sheet date, financial assets and liabilities denominated in foreign currencies are translated at the rates prevailing on the balance sheet date.

    Gains and losses arising on the translation of investments held at fair value are included within gains and losses on investments held at fair value in the income statement. Gains and losses arising on the translation of other financial assets and liabilities are included within foreign exchange gains and losses in the income statement.

    (l) Revenue and capital reserves

    The revenue return component of total income is taken to the revenue reserve within the statement of changes in equity. The capital return component of total income is taken to the capital reserve within the statement of changes in equity.

    Gains and losses on the realisation of investments including realised exchange gains and losses and expenses of a capital nature are taken to the realised capital reserve (see note 1(i)). Changes in the valuations of investments which are held at the year end and unrealised exchange differences are accounted for in the unrealised capital reserve.

    Net gains on the realisation of investments in the controlled structured entities (see note 9) are transferred to the Company by way of profit distributions.

    The revenue reserve is distributable by way of dividends to shareholders. The realised capital reserve is distributable by way of dividends and share buybacks. The capital redemption reserve is not distributable and represents the nominal value of shares bought back for cancellation.

    (m) Treasury shares

    Shares that have been repurchased into treasury remain included in the share capital balance, unless they are cancelled.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    (n) Critical estimates and assumptions

    Estimates and judgements used in preparing the financial information are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable. The resulting estimates will, by definition, seldom equal the related actual results.

    In preparing the financial statements, the directors have considered the impact of climate change on the key estimates within the financial statements.

    The only estimates and assumptions that have a significant risk of causing a material adjustment to the carrying values of assets and liabilities in the next financial year relate to the valuation of unquoted investments. Unquoted investments are primarily the Company’s investments in unlisted funds, managed by third-party investment fund managers and ICG. As such there is significant estimation in the valuation of the unlisted fund at a point in time. Note 1(c) sets out the accounting policy for unquoted investments. The carrying amount of unquoted investments at the year end is disclosed within note 10.

    (o) Segmental reporting

    Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker who is responsible for allocating resources and assessing performance of the segments has been identified as the Board. It is considered that the Company’s operations comprise a single operating segment.

    2 INVESTMENT RETURNS

      Year ended Year ended  
      31 January 2025 31 January 2024  
      £’000 £’000  
    Income from investments      
    Overseas interest and dividends 1,060 2,365  
      1,060 2,365  
    Deposit interest on cash 48 405  
    Other 5 104  
      53 509  
    Total income 1,113 2,874  
    Analysis of income from investments      
    Unquoted 1,060 2,365  
      1,060 2,365  

    3 INVESTMENT MANAGEMENT CHARGES

    Management fees paid to ICG for managing ICG Enterprise Trust amounted to 1.25% (2024: 1.25%) of the average net assets in the year. The reduction in the fee is due to the application of the cap.

    From 1 February 2023 the management fee is subject to a cap of 1.25% of net asset value.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    3 INVESTMENT MANAGEMENT CHARGES CONTINUED

    The amounts charged during the year are set out below:

      Year ended 31 January 2025 Year ended 31 January 2024
      Revenue Capital Total Revenue Capital Total
      £’000 £’000 £’000 £’000 £’000 £’000
    Investment management charge 1,617 14,558 16,175 1,615 14,533 16,148

    The Company and its subsidiaries also incur management fees in respect of its investment in funds managed by members of ICG on an arms-length basis.

      Year ended Year ended
      31 January 2025 31 January 2024
      £’000 £’000
    ICG Europe VIII 434 467
    ICG Strategic Equity V 353 131
    ICG Strategic Equity IV 340 593
    ICG LP Secondaries Fund I LP 325 55
    ICG Europe VII 238 257
    ICG Strategic Equity III 238 183
    ICG Europe Mid-Market II 95 87
    ICG Augusta Partners Co-Investor II 89 91
    ICG Europe Mid-Market 87 120
    ICG North American Private Debt II 68 74
    ICG Strategic Secondaries II 36 74
    ICG Europe VI 23 41
    ICG Asia Pacific III 15 30
    ICG Recovery Fund 2008B 3 31
    ICG Europe V 2 1
      2,346 2,235

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    4 OTHER EXPENSES

    The Company did not employ any staff in the year to 31 January 2025 (2024: none).

      Year ended Year ended
      31 January 2025 31 January 2024
      £’000 £’000 £’000 £’000
    Directors’ fees (see note 5)   340   316
    Fees payable to the Company’s auditor for the audit of the Company’s annual accounts 170   239  
    Fees payable to the Company’s auditor and its associates for other services:        
    – Audit of the accounts of the subsidiaries 108   139  
    – Audit-related assurance services 71   53  
    Total auditors’ remuneration   349   431
    Administrative expenses   811   1,021
        1,500   1,768
    Bank facility costs allocated to revenue   277   258
    Interest costs allocated to revenue   661   493
    Expenses allocated to revenue   2,438   2,519
    Bank facility costs allocated to capital   8,417   7,403
    Total other expenses   10,855   9,922
             

    1. The auditors of the Company have additionally provided £16k (2024: £14k) of non-audit related services permitted under the Financial Reporting Council’s (‘FRC’) Revised Ethical Standards. The service related to agreed upon procedures over the Company’s carried interest scheme. These expenses have been charged to the Manager of the Company.

    Included within Total other expenses above are £9.4m (2024: £8.2m) of costs related to financing and £(0.2)m (credit) (2024: £0.1m) of other expenses which are non-recurring and are excluded from the Ongoing Charges as detailed in the glossary on page 58.

    Professional fees of £0.2m (2024: £0.2m) incidental to the acquisition or disposal of investments are included within gains/(losses) on investments held at fair value.

    5 DIRECTORS’ REMUNERATION AND INTERESTS

    No income was received or receivable by the directors from any other subsidiary of the Company.

    6 TAXATION

    In both the current and prior years the tax charge was lower than the standard rate of corporation tax of 19%, principally due to the Company’s status as an investment trust, which means that capital gains are not subject to corporation tax. The effect of this and other items affecting the tax charge are shown in note 6(b) below.

    The UK’s main rate of corporation tax increased from 19% to 25% with effect from 1 April 2023. A blended rate of 24% was applied for the year ended 31 January 2024, calculated by the number of days within the accounting period spanning the rate change. A corporation tax rate of 25% was applied for the year ended 31 January 2025.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

      Year ended Year ended  
      31 January 2025 31 January 2024  
      £’000 £’000  
    a) Analysis of charge in the year      
    Tax credit on items allocated to revenue  
    Tax charge on items relating to prior years  
    Corporation tax  
    b) Factors affecting tax charge for the year      
    Profit on ordinary activities before tax 107,510 17,367  
    Profit before tax multiplied by rate of corporation tax in the UK of 25% (2024: 24%) 26,790 4,168  
    Effect of:      
    – net investment returns not subject to corporation tax (33,357) (9,735)  
    – dividends not subject to corporation tax (52) (187)  
    – expenses not deductible for tax purposes 1,353  
    – current year management expenses not utilised/(utilised) 489 5,754  
    – other deductions 4,777  
    Total tax charge  

    The Company has £70.0m excess management expenses carried forward (2024: £53.5m). No deferred tax assets or liabilities (2024: nil) have been recognised in respect of the carried forward management expenses due to the uncertainty that future taxable profit will be generated that these losses can be offset against. For all investments the tax base is equal to the carrying amount. There was no deferred tax expense relating to the origination and reversal of timing differences in the year (2024: nil).

    7 EARNINGS PER SHARE

      Year ended Year ended  
      31 January 2025 31 January 2024  
    Revenue return per ordinary share (4.49p) (1.86p)  
    Capital return per ordinary share 168.38p 27.49p  
    Earnings per ordinary share (basic and diluted) 163.95p 25.63p  

    Revenue return per ordinary share is calculated by dividing the revenue return attributable to equity shareholders of £(2.9)m (2024: £(1.3)m) by the weighted average number of ordinary shares outstanding during the year.

    Capital return per ordinary share is calculated by dividing the capital return attributable to equity shareholders of £102.4m (2024: £18.6m) by the weighted average number of ordinary shares outstanding during the year.

    Basic and diluted earnings per ordinary share are calculated by dividing the earnings attributable to equity shareholders of £99.5m (2024: £17.4m) by the weighted average number of ordinary shares outstanding during the year.

    The weighted average number of ordinary shares outstanding (excluding those held in treasury) during the year was 65,569,285 (2024: 67,761,359). There were no potentially dilutive shares, such as options or warrants, in either year.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    8 DIVIDENDS

      Year ended Year ended
      31 January 2025 31 January 2024
      £’000 £’000
    Third quarterly dividend in respect of year ended 31 January 2024: 8p per share (2023: 6.0p) 5,345 4,781
    Final dividend in respect of year ended 31 January 2024: 9p per share (2023: 9.0p) 5,894 6,105
    First quarterly dividend in respect of year ended 31 January 2025: 8.5p per share (2024: 8.0p) 5,557 5,415
    Second quarterly dividend in respect of year ended 31 January 2025: 8.5p per share (2024: 8.0p) 5,512 5,393
    Total 22,308 21,694

    The Company paid a third quarterly dividend of 8.5p per share in February 2025. The Board has proposed a final dividend of 10.5p per share (estimated cost £6.7m) in respect of the year ended 31 January 2025 which, if approved by shareholders, will be paid on 18 July 2025 to shareholders on the Register of Members at the close of business on 04 July 2025.

    9 SUBSIDIARY UNDERTAKINGS AND UNCONSOLIDATED STRUCTURED ENTITIES
    Subsidiary undertakings (controlled structured entities)

    Subsidiaries of the Company as at 31 January 2025 comprise the following controlled structured entities, which are registered in England and Wales. Subsidiaries of the Company’s direct subsidiaries are reported as indirect subsidiaries.

    Direct subsidiaries   Ownership interest 2025 Ownership interest 2024
    ICG Enterprise Trust Limited Partnership   97.5% 97.5%
    ICG Enterprise Trust (2) Limited Partnership   97.5% 97.5%
    ICG Enterprise Trust Co-investment Limited Partnership   99.0% 99.0%
    Indirect subsidiaries   Ownership interest 2025 Ownership interest 2024
    ICG Enterprise Holdings LP   99.5% 99.5%
    ICG Morse Partnership LP   99.5% 99.5%
    ICG Lewis Partnership LP   99.5% 99.5%

    In accordance with IFRS 10 (amended), the subsidiaries are not consolidated and are instead included in unquoted investments at fair value.

    The value of the subsidiaries is shown net of an accrual for the interests of the Co-investors (ICG and certain of its executives and in respect of certain historical investments, the executives and connected parties of Graphite Capital, the Former Manager) in the Co-investment Incentive Scheme. As at 31 January 2025 a total of £53.9m (2024: £54.4m) was accrued in respect of these interests. During the year the Co-investors invested £1.0m (2024: £0.7m) into ICG Enterprise Trust Co-investment Limited Partnership. Payments received by the Co-investors amounted to £10.8m or 7.1% of £150.8m of Total Proceeds received in the year (2024: £5.4m or 2.3% of £238.6m proceeds received).

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    Unconsolidated structured entities

    The Company’s principal activity is investing in private equity funds and directly into private companies. Such investments may be made and held via a subsidiary. The majority of these investments are unconsolidated structured entities as defined in IFRS 12.
    The Company holds interests in closed-ended limited partnerships which invest in underlying companies for the purposes of capital appreciation. The Company and the other limited partners make commitments to finance the investment programme of the relevant manager, who will typically draw down the amount committed by the limited partners over a period of four to six years (see note 16).

    The table below disaggregates the Company’s interests in unconsolidated structured entities. The table presents for each category the related balances and the maximum exposure to loss.

      Unquoted investments
    £’000
    Co-investment Incentive Scheme accrual
    £’000
    Maximum loss exposure
    £’000
    As at 31 January 2025 1,523,459 (53,910) 1,469,549
    As at 31 January 2024 1,350,821 (54,439) 1,296,382

    Further details of the Company’s investment Portfolio are included in the Portfolio dashboard on page 16.

    10 INVESTMENTS

    The tables below analyse the movement in the carrying value of the Company’s investment assets in the year. In accordance with accounting standards, subsidiary undertakings of the Company are reported at fair value rather than on a ‘look-through’ basis.

    An investee fund is considered to generate realised gains or losses if it is more than 85% drawn and has returned at least the amount invested by the Company. All gains and losses arising from the underlying investments of such funds are presented as realised. All gains and losses in respect of fund investments that have not satisfied the above criteria are presented as unrealised.

    Direct Investments are considered to generate realised gains or losses when they are sold.

    Investments are held by both the Company and through its subsidiaries.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

      Quoted Unquoted Subsidiary undertakings Total
      £’000 £’000 £’000 £’000
    Cost at 1 February 2024 179,528 300,114 479,642
    Unrealised appreciation at 1 February 2024 80,768 735,972 816,740
    Valuation at 1 February 2024 260,296 1,036,086 1,296,382
    Movements in the year:        
    Purchases 34,144 151,292 185,436
    Sales        
    – capital proceeds   (20,214) (125,769) (145,983)
    – realised gains/(losses) based on carrying value at previous balance sheet date   1,530   1,530
    Movement in unrealised appreciation   29,473 102,711 132,184
    Valuation at 31 January 2025 305,229 1,164,320 1,469,549
    Cost at 31 January 2025 193,458 325,637 519,095
    Unrealised appreciation/ (depreciation) at 31 January 2025 111,771 838,683 950,454
    Valuation at 31 January 2025 305,229 1,164,320 1,469,549
     
      Quoted Unquoted Subsidiary undertakings Total
      £’000 £’000 £’000 £’000
    Cost at 1 February 2023 195,104 378,426 573,530
    Unrealised appreciation at 1 February 2023 74,074 701,471 775,545
    Valuation at 1 February 2023 269,178 1,079,897 1,349,075
    Movements in the year:        
    Purchases 25,181 116,988 142,169
    Sales        
    – capital proceeds   (40,757) (195,300) (236,057)
    – realised gains/(losses) based on carrying value at previous balance sheet date   (1,044)   (1,044)
    Movement in unrealised appreciation   7,739 34,500 42,239
    Valuation at 31 January 2023 260,296 1,036,086 1,296,382
    Cost at 31 January 2024 179,528 300,114 479,642
    Unrealised appreciation/ (depreciation) at 31 January 2024 80,768 735,972 816,740
    Valuation at 31 January 2024 260,296 1,036,086 1,296,382

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

      31 January 2025 31 January 2024
      £’000 £’000
    Realised gains/loss based on cost 1,530 (1,044)
    Amounts recognised as unrealised in previous years
    Realised gains based on carrying values at previous balance sheet date 1,530 (1,044)
    Increase in unrealised appreciation 132,184 42,239
    Gains on investments 133,714 41,195

    ‘Realised gains based on cost’ represents the total increase in value, compared to cost, of those funds which meet the criteria set out in page 42. These gains are adjusted for amounts previously reported as unrealised (and included within the fair value at the previous balance sheet date) to determine the ‘Realised gains based on carrying values at previous balance sheet date’.

    Gains on investments includes the ‘Realised gains based on carrying values at previous balance sheet date’ together with the net fair value movement on the balance of the investee funds.

    Related undertakings

    At 31 January 2025, the Company held direct and indirect interests in six limited partnership subsidiaries. These interests, net of the incentive accrual as described in note 9, were:

    Investment 31 January 2025
    %
    31 January 2024
    %
    ICG Enterprise Trust Limited Partnership 99.9% 99.9%
    ICG Enterprise Trust (2) Limited Partnership 66.5% 66.5%
    ICG Enterprise Trust Co-investment Limited Partnership 66.0% 66.0%
    ICG Enterprise Holdings LP 99.5% 99.5%
    ICG Morse Partnership LP 99.5% 99.5%
    ICG Lewis Partnership LP 99.5% 99.5%

    The registered address and principal place of business of the subsidiary partnerships is Procession House, 55 Ludgate Hill, London EC4M 7JW.

    In addition the Company held an interest (including indirectly through its subsidiaries) of more than 20% in the following entities. These investments are not considered subsidiaries or associates as the Company does not exert control or have significant influence over the activities of these companies/partnerships.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    As at 31 January 2025        
    Investment Instrument % interest1    
    Graphite Capital Partners VII Top Up Plus Limited partnership interests 20.0%    
    Graphite Capital Partners VIII Top Up Limited partnership interests 41.1%    
    ICG Velocity3 Limited partnership interests 32.5%    
             
    As at 31 January 2024        
    Investment Instrument % interest1    
    Graphite Capital Partners VII Top Up Plus2 Limited partnership interests 20.0%    
    Graphite Capital Partners VIII Top Up2 Limited partnership interests 41.1%    
    ICG Velocity3 Limited partnership interests 32.5%    
    1. The percentage shown for limited partnership interests represents the proportion of total commitments to the relevant fund. The percentage shown for shares represents the proportion of total shares in issue.
    2. Address of principal place of business is 7 Air Street, Soho, London W1B 5AD.
    3. Address of principal place of business is Procession House, 55 Ludgate Hill, London, EC4M 7JW.

    11 CASH AND CASH EQUIVALENTS

      31 January 2025 31 January 2024
      £’000 £’000
    Cash at bank and in hand 3,927 9,722

    12 PREPAYMENTS AND RECEIVABLES

      31 January 2025 31 January 2024
      £’000 £’000
    Prepayments and accrued income 2,018 2,258

    As at 31 January 2025, prepayments and accrued income included £2.0m (2024: £2.3m) of unamortised costs in relation to the bank facility. Of this amount £0.8m (2024: £0.5m) is expected to be amortised in less than one year.

    13 PAYABLES – CURRENT

      31 January 2025 31 January 2024
      £’000 £’000
    Accruals, including facility interest 11,171 5,139
    Bank facility drawn 131,931 20,000
    Payables 143,102 25,139

    Bank facility details are shown in the liquidity section of note 17 on page 52.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    14 SHARE CAPITAL

      Authorised Issued and fully paid
        Nominal   Nominal
    Equity share capital Number £’000 Number £’000
    Balance at 31 January 2025 120,000,000 12,000 72,913,000 7,292
    Balance at 31 January 2024 120,000,000 12,000 72,913,000 7,292

    All ordinary shares have a nominal value of 10.0p. At 31 January 2025 and 31 January 2024, 72,913,000 shares had been allocated, called up and fully paid. During the year 2,932,675 shares were bought back in the market and held in treasury (2024: 1,130,708 shares). At 31 January 2025, the Company held 8,640,808 shares in treasury (2024: 5,708,133) and had 64,272,192 (2024: 67,204,867) shares outstanding, all of which have equal voting rights.

      31 January 2025 31 January 2024
    Shares held in treasury 8,640,808 5,708,133
    Shares not held in treasury 64,272,192 67,204,867
    Total 72,913,000 72,913,000

    15 NET ASSET VALUE PER SHARE

    The net asset value per share is calculated on equity attributable to equity holders of £1,332.4m (2024: £1,283.2m) and on 67,272,192 (2024: 67,204,867) ordinary shares in issue at the year end. There were no potentially dilutive shares, such as options or warrants, at either year end. Calculated on both the basic and diluted basis the net asset value per share was 2,072.9p (2024: 1,909.4p).

    16 CAPITAL COMMITMENTS AND CONTINGENCIES

    The Company and its subsidiaries had uncalled commitments in relation to the following Portfolio investments:

      31 January
    2025
    £’000
    31 January
    2024
    £’000
    ICG LP Secondaries Fund I LP 41,146 34,811
    ICG Strategic Equity V2 36,868 19,704
    ICG Europe Mid-Market Fund II1 19,245 21,316
    ICG Augusta Partners Co-Investor2 17,775 17,365
    ICG Strategic Secondaries Fund II2 16,938 16,547
    ICG Europe VIII1 14,339 25,901
    ICG Ludgate Hill (Feeder B) SCSp1 13,591 13,860
    ICG Strategic Equity Fund III2 11,201 10,942
    ICG MXV Co-Investment 8,361
    ICG Strategic Equity IV2 7,055 10,385
    ICG Europe VII1 6,082 6,541
    ICG Ludgate Hill (Feeder) IIIA Porsche SCSp2 5,691 4,652
    ICG Europe Mid-Market Fund1 5,524 5,476
    ICG Ludgate Hill (Feeder) II Boston SCSp2 5,392 5,267
    ICG Asia Pacific Fund III2 2,523 2,634
    ICG Europe VI1 4,013 4,311
    ICG North American Private Debt Fund II2 2,097 1,682
    ICG Colombe Co-investment1 1,811 2,378
    ICG Dallas Co-Investment2 1,240 1,280
    Commitments of less than £1,000,000 at 31 January 2025 5,746 5,991
    Total ICG 226,638 211,043
    Graphite Capital Partners IX 2,281 4,525
    Graphite Capital Partners VIII1 4,124 2,194
    Graphite Capital Partners VII1,2 456 456
    Total Graphite funds 6,861 7,175

    1.Includes interest acquired through a secondary fund purchase.

    2.Includes the associated Top Up funds.

      31 January
    2025
    £’000
    31 January
    2024
    £’000
    Leeds VIII-A 16,135
    Bowmark VII 15,000 15,000
    New Mountain VII 14,299 15,763
    PAI Europe VIII 12,356 20,900
    Thoma Bravo XVI-A 12,101
    Investindustrial VIII 12,009
    Cinven VIII 11,748 12,789
    CVC IX A 10,546 12,789
    Bain VI 9,939 11,319
    CDR XII 8,908 11,822
    The Resolute Fund VI 8,577 11,822
    Hellman Friedman XI (Parallel) 8,067 7,881
    Advent International X-A 8,039 10,849
    Bregal Unternehmerkapital IV-A 7,762 8,526
    Green Equity Investors Side IX 7,618 15,611
    Permira VIII 7,618 9,356
    Genstar Capital Partners XI (EU) 7,455 7,850
    Apax XI EUR 6,860 8,383
    Gridiron V 6,578 9,008
    Oak Hill VI (Offshore) 5,034
    Investindustrial VII 4,895 4,219
    Audax Private Equity VII-B 4,546 5,830
    Integrum I 4,052 5,715
    American Securities IX 4,034
    Thomas H Lee Equity Fund IX 3,998 6,762
    PAI Mid-Market Fund 3,764 4,963
    BC XI 3,710 4,900
    Bowmark VI 3,357 1,357
    Hg Genesis X 3,326 3,469
    Ivanti 2,979 2,910
    Valeas Capital Partners I A 2,973
    CVC VII 2,944
    PAI VII 2,430 2,872
    GHO Capital III 2,257 2,617
    Bain XIII 2,247 2,739
    Audiotonix 2,243
    Bain Tech Opportunities II 2,239 2,276
    Tailwind III 2,203 1,517
    Ambassador Theatre Group 2,056 2,049
    Thomas H Lee Equity Fund VIII 1,940 2,011
    Thoma Bravo XV 1,901 2,648
    Hg Saturn III 1,840 2,714
    Seventh Cinven Fund 1,812 2,929
    GI Partners VI-A 1,789 2,168
    Charlesbank X 1,685 3,543
    Apax X 1,677 1,442
    Hellman Friedman X 1,631 2,194
    Bregal Unternehmerkapital III 1,575 2,113
    Carlyle Europe Partners V 1,553 2,243
    Resolute V 1,363 855
    FSN VI 1,303 2,946
    Gridiron III 1,289 4,080
    AEA VII 1,243 464
    Resolute 02 Continuation (SEC 1) 1,145 9,893
    CVC European Equity Partners VIII 512 3,402
    New Mountain VI 498 2,276
    European Camping Group 2 399 1,474
    Leeds VII 317 3,581
    Commitments of less than £2,000,000 at 31 January 2025 62,785 36,908
    Total third party 319,687 333,747
    Total commitments 553,186 551,965

    The Company and its subsidiaries had no other unfunded commitments to investment funds. Commitments made by the Company and its subsidiaries are irrevocable.

    As at 31 January 2025, the Company (excluding its subsidiaries) had uncalled commitments in relation to the above Portfolio of £114.3m (2024: £98.1m). The Company did not have any contingent liabilities at 31 January 2025 (2024: None).

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    The Company’s subsidiaries, which are not consolidated, had the balance of uncalled commitments in relation to the above Portfolio of £438.9m (2024: £453.9m). The Company is responsible for financing its pro-rata share of those uncalled commitments (see note 9).

    17 FINANCIAL INSTRUMENTS AND RISK MANAGEMENT

    The Company is an investment company as defined by Section 833 of the Companies Act 2006 and conducts its affairs so as to qualify as an investment trust under the provisions of Section 1158 of the Corporation Tax Act 2010 (‘Section 1158’). The Company’s objective is to provide long-term growth by investing in private companies managed by leading private equity managers.

    Investments in funds have anticipated lives of approximately 10 years. Direct Investments are made with an anticipated holding period of between three and five years.

    Financial risk management

    The Company’s activities expose it to a variety of financial risks: market risk (comprising currency risk, interest rate risk and price risk), investment risk, credit risk and liquidity risk. The Company’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Company’s financial performance. The Board has overall responsibility for managing the risks and the framework for monitoring and coordinating these risks. The Audit Committee regularly reviews, identifies and evaluates the risks taken by the Company to allow them to be appropriately managed. All of the Company’s management functions are delegated to the Manager which has its own internal control and risk monitoring arrangements. The Committee makes a regular assessment of these arrangements, with reference to the Company’s risk matrix. The Company’s financial risk management objectives and processes used to manage these risks have not changed from the previous period and the policies are set out below:

    Market risk
    (i) Currency risk

    The Company’s investments are principally in continental Europe, the US and the UK, and are primarily denominated in euro, US dollars and sterling. There are also smaller amounts in other European currencies. The Company’s investments in controlled structured entities are reported in Sterling. The Company is exposed to currency risk in that movements in the value of sterling against these foreign currencies will affect the net asset value and the cash required to fund undrawn commitments. The Board regularly reviews the level of foreign currency denominated assets and outstanding commitments in the context of current market conditions and may decide to buy or sell currency or put in place currency hedging arrangements. No hedging arrangements were in place during the financial year.

    The composition of the net assets of the Company by reporting currency at the year end is set out below:

      Sterling Euro USD Other Total
    31 January 2025 £’000 £’000 £’000 £’000 £’000
    Investments 1,201,166 81,755 186,623 5 1,469,549
    Cash and cash equivalents and other net current assets (139,168) 1,385 618 8 (137,157)
      1,061,998 83,140 187,241 13 1,332,392
               
      Sterling Euro USD Other Total
    31 January 2024 £’000 £’000 £’000 £’000 £’000
    Investments 1,068,115 81,164 146,881 222 1,296,382
    Cash and cash equivalents and other net current assets (21,553) 4,504 3,878 12 (13,159)
      1,046,562 85,668 150,759 234 1,283,223

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    On a look-through basis to the currency of the portfolio company, the effect of a 25% increase or decrease in the sterling value of the euro would be a fall of £71.3m and a rise of £65.1m in the value of shareholders’equity and on profit after tax at 31 January 2025 respectively (2024: a fall of £74m and a rise of £56.1m based on 25% increase or decrease).The effect of a 25% increase or decrease in the sterling value of the US dollar would be a fall of £158m and a rise of £152.1m in the value of shareholders’ equity and on profit after tax at 31 January 2025 respectively (2024: a fall of £141.9m and a rise of £124.4m based on 25% movement). The percentages applied are based on market volatility in exchange rates observed in prior periods.

    (ii) Interest rate risk

    The Company’s assets primarily comprise non-interest bearing investments in funds and non-interest bearing investments in portfolio companies. The fair values of these investments are not significantly directly affected by changes in interest rates. The Company’s net debt balance is exposed to interest rate risk; the financial impact of this risk is currently immaterial.

    The Company is indirectly exposed to interest rate risk through the impact of interest rates on the performance of investments in funds and portfolio companies as a result of interest rate changes impacting the underlying manager valuation. This performance impact as a result of interest rate risk is recognised through the valuation of those investments, which will be affected by the impact of any change in interest rates on the financial performance of the underlying portfolio companies and also on any valuation of those investments for sale. The Company is not able to quantify how a change in interest rates would impact valuations.

    (iii) Price risk

    The risk that the value of a financial instrument will change as a result of changes to market prices is one that is fundamental to the Company’s objective, which is to provide long-term capital growth through investment in unquoted companies. The investment Portfolio is continually monitored to ensure an appropriate balance of risk and reward in order to achieve the Company’s objective.

    The Company is exposed to the risk of change in value of its private equity investments. For all investments the market variable is deemed to be the price itself. The table below shows the impact of a 30% increase or decrease in the valuation of the investment Portfolio. The percentages applied are reasonable based on the Manager’s view of the potential for volatility in the Portfolio valuations under stressed conditions.

      31 January 2025 31 January 2024
      Increase in variable Decrease in variable Increase in variable Decrease in variable
      £’000 £’000 £’000 £’000
    30% (2024: 30%) movement in the price of investments        
    Impact on profit after tax 423,339 (370,568) 374,044 (320,217)

    A reasonably possible percentage change in relation to the earnings estimates or Enterprise Value/EBITDA multiples used by the underlying managers to value the private equity fund investments and co-investments may result in a significant change in the fair value of unquoted investments.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    Investment and credit risk

    (i) Investment risk

    Investment risk is the risk that the financial performance of the companies in which the Company invests either improves or deteriorates, thereby affecting the value of that investment. Investments in unquoted companies whether indirectly or directly are, by their nature, subject to potential investment losses. The investment Portfolio is highly diversified in order to mitigate this risk.

    (ii) Credit risk

    The Company’s exposure to credit risk arises principally from its investment in cash deposits. The Company aims to invest the majority of its liquid portfolio in assets which have low credit risk. The Company’s policy is to limit exposure to any one investment to 15% of gross assets. This is regularly monitored by the Manager as a part of its cash management process.

    Cash is held on deposit with Royal Bank of Scotland (‘RBS’) and totalled £3.9m (2024: £9.7m). RBS currently has a credit rating of A1 from Moody’s. This represented the maximum exposure to credit risk at the balance sheet date. No collateral is held by the Company in respect of these amounts. None of the Company’s cash deposits or money market fund balances were past due or impaired at 31 January 2025 (2024: nil) and as a result of this, no ECL provision has been recorded.

    Liquidity risk

    The Company makes commitments to private equity funds in advance of that capital being invested, typically in illiquid, unquoted companies. These commitments are in excess of the Company’s total liquidity, therefore resulting in an overcommitment. When determining the appropriate level of overcommitment, the Board considers the rate at which commitments might be drawn down, typically over four to six years, versus the rate at which existing investments are sold and cash realised. The Company has an established liquidity management policy, which involves active monitoring and assessment of the Company’s liquidity position and its overcommitment risk. This is regularly reviewed by the Board and incorporated into the Board’s assessment of the viability of the Company. This process incorporates balance sheet and cash flow projections, including scenarios with varying levels of Portfolio gains and losses, fund drawdowns and realisations, availability of the credit facility, exchange rates, and possible remedial action that the Company could undertake if required in the event of significant Portfolio declines.

    At the year end, the Company had cash and cash equivalents totalling £3.9m and had access to committed bank facilities of €300m maturing in May 2028, which is a multi-currency revolving credit facility provided by SMBC and Lloyds. The key terms of the facility are:

    • Upfront cost: 120bps.
    • Non-utilisation fees: 115bps per annum.
    • Margin on drawn amounts: 300bps per annum.

    As at 31 January 2025 the Company’s total financial liabilities amounted to £143.1m (2024: £25.1m) of payables which were due in less than one year, which includes accrued balances payable in respect of the credit facility above.

    Movement in financial liabilities arising from financing activities

    The following tables sets out the movements in total liabilities held at amortised cost arising from financing activities undertaken during the year.

      2025 2024
      £’000 £’000
    At 1 February 2024 22,062 67,700
    Proceeds from borrowings 139,762 128,109
    Repayment of long term borrowings (27,831) (174,954)
    Change in capitalisation of bank facility fees 782 1,206
    At 31 January 2025 134,775 22,061
         

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    Capital risk management

    The Company’s capital is represented by its net assets, which are managed to achieve the Company’s investment objective. As at the year end, the Company had net debt of £135.9m (2024: £10.3m).

    The Board can manage the capital structure directly since it has taken the powers, which it is seeking to renew, to issue and buy back shares and it also determines dividend payments. The Company is subject to externally imposed capital requirements with respect to the obligation and ability to pay dividends by Section 1159 of the Corporation Tax Act 2010 and by the Companies Act 2006, respectively. Total equity at 31 January 2025, the composition of which is shown on the balance sheet, was £1,332.4m (2024: £1,283.2m).

    Fair values estimation
    IFRS 13 requires disclosure of fair value measurements of financial instruments categorised according to the following fair value measurement hierarchy:

    • Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1).
    • Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2).
    • Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3).

    The valuation techniques applied to level 3 assets are described in note 1(c) of the financial statements. No investments were categorised as level 1 or level 2.

    The Company’s policy is to recognise transfers into and transfers out of fair value hierarchy levels at the end of the reporting year when they are deemed to occur.

    The sensitivity of the Company’s investments to a change in value is discussed on page 51.

    The following table presents the assets that are measured at fair value at 31 January 2025 and 31 January 2024:

    31 January 2025        
    Level 1 Level 2 Level 3 Total
    £’000 £’000 £’000 £’000
    Investments held at fair value        
    Unquoted investments – indirect 150,987 150,987
    Unquoted investments – direct 154,242 154,242
    Quoted investments – direct
    Subsidiary undertakings 1,164,320 1,164,320
    Total investments held at fair value 1,469,549 1,469,549
    31 January 2024        
    Level 1 Level 2 Level 3 Total
    £’000 £’000 £’000 £’000
    Investments held at fair value        
    Unquoted investments – indirect 136,473 136,473
    Unquoted investments – direct 123,823 123,823
    Quoted investments – direct
    Subsidiary undertakings 1,036,085 1,036,085
    Total investments held at fair value 1,296,381 1,296,381

    All unquoted and quoted investments are valued at fair value in accordance with IFRS 13. The Company has no quoted investments as at 31 January 2025; quoted investments held by subsidiary undertakings are reported within Level 3.

    Investments in Level 3 securities are in respect of private equity fund investments and co-investments. These are held at fair value and are calculated using valuations provided by the underlying manager of the investment, with adjustments made to the statements to take account of cash flow events occurring after the date of the manager’s valuation, such as realisations or liquidity adjustments.

    The following tables present the changes in Level 3 instruments for the year to 31 January 2025 and 31 January 2024.

    31 January 2025 Unquoted investments (indirect) at fair value through profit or loss
    £’000
    Unquoted investments (direct) at fair value through profit or loss
    £’000
    Subsidiary undertakings
    £’000
    Total
    £’000
    Opening balances 136,473 123,823 1,036,086 1,296,382
    Additions 18,124 16,020 151,292 185,436
    Disposals (16,076) (4,138) (125,769) (145,983)
    Gains and losses recognised in profit or loss 14,524 16,479 102,711 133,714
    Closing balance 153,045 152,184 1,164,320 1,469,549
    31 January 2024 Unquoted investments (indirect) at fair value through profit or loss
    £’000
    Unquoted investments (direct) at fair value through profit or loss
    £’000
    Subsidiary undertakings
    £’000
    Total
    £’000
    Opening balances 158,896 110,282 1,079,897 1,349,075
    Additions 14,933 10,248 116,988 142,169
    Disposals (37,167) (3,590) (195,300) (236,057)
    Gains and losses recognised in profit or loss (188) 6,883 34,500 41,194
    Closing balance 136,474 123,823 1,036,085 1,296,381

    18 RELATED PARTY TRANSACTIONS

    Significant transactions between the Company and its subsidiaries are shown below:

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

    Subsidiary Nature of transaction Year ended
    31 January
    2025
    £’000
    Year ended
    31 January
    2024
    £’000
    ICG Enterprise Trust Limited Partnership Increase in amounts owed to subsidiaries
      (Decrease) in amounts owed by subsidiaries (8,689) (102)
      Income allocated
    ICG Enterprise Trust (2) Limited Partnership Increase in amounts owed to subsidiaries (2,956) 11,420
      (Decrease) in amounts owed by subsidiaries
      Income allocated (169) 151
    ICG Enterprise Trust Co-investment LP Increase in amounts owed by subsidiaries 33,229 (10,416)
      Income allocated 2,127 6,681
    ICG Enterprise Holdings LP Increase in amounts owed to subsidiaries (45,725)
      Income allocated 4,224 6,819
    ICG Morse Partnership LP Increase in amounts owed by subsidiaries (14,513)
      Decrease in amounts owed to subsidiaries
      Income allocated
    ICG Lewis Partnership LP (Decrease) in amounts owed by subsidiaries 687 1,820
      Increase in amounts owed by subsidiaries
      Income allocated

    ICG Enterprise Trust Limited Partnership transferred its remaining assets to ICG Enterprise Trust PLC during the year ended 31 January 2025. It will be dissolved during the year ended 31 January 2026 and will cease to be a subsidiary at that time.

    For the purpose of IAS 24 Related Party Disclosures, key management personnel comprised the Board of Directors.

    Remuneration in the year (audited) Fees Expenses Total
    Name 2025
    £’000
    2024
    £’000
    2025
    £’000
    2024
    £’000
    2025
    £’000
    2024
    £’000
    Jane Tufnell 74 71   74 71
    Alastair Bruce 60 58 60 58
    David Warnock 59 46   59 46
    Gerhard Fusenig 48 46 3 2 51 49
    Adiba Ighodaro 48 46 48 46
    Janine Nicholls 48 46 48 46
    Total 337 313 3 2 340 316

    Amounts owed by/to subsidiaries represent the Company’s loan account balances with those entities, to which the Company’s share of drawdowns and distributions in respect of those entities are credited and debited respectively.

    NOTES TO THE FINANCIAL STATEMENTS CONTINUED

      Amounts owed by subsidiaries Amounts owed to subsidiaries
    Subsidiary 31 January 2025 £’000 31 January 2024 £’000 31 January 2025 £’000 31 January 2024 £’000
    ICG Enterprise Trust Limited Partnership (492) 8,197
    ICG Enterprise Trust (2) Limited Partnership 31,372 34,328
    ICG Enterprise Trust Co-Investment LP 273,555 240,326
    ICG Enterprise Holdings LP
    ICG Morse Partnership LP
    ICG Lewis Partnership LP 8,569 7,881

    The Company and its subsidiaries’ total shares in funds and co-investments managed by the Company’s Manager are:

      Year ended 31 January 2025 Year ended 31 January 2024
    Fund/Co-investment Remaining
    commitment
    £’000
    Fair value investment
    £’000
    Remaining
    commitment
    £’000
    Fair value investment
    £’000
    ICG MXV Co-Investment 8,361 32,728 217 31,658
    ICG Strategic Equity Fund III 10,727 31,043 10,942 39,374
    ICG Europe VII 6,082 30,721 6,541 35,021
    ICG Ludgate Hill (Feeder B) SCSp 13,591 23,814 13,860 24,366
    ICG Europe VIII 14,339 23,640 25,901 10,746
    ICG Augusta Partners Co-Investor 17,775 20,469 17,365 15,533
    ICG Ludgate Hill (Feeder) III A Porsche SCSp 5,691 17,995 4,652 21,104
    ICG Newton Co-Investment 393 17,808 393 17,909
    ICG Progress Co-Investment 421 17,265 577 15,156
    ICG Vanadium Co-Investment 246 16,180 251 14,209
    ICG Ludgate Hill (Feeder) II Boston SCSp 5,392 16,030 5,267 14,721
    ICG Match Co-Investment 132 15,253 129 15,403
    ICG Colombe Co-investment 1,810 13,795 1,678 12,221
    ICG Europe Mid-Market Fund 5,524 13,494 5,476 13,819
    ICG LP Secondaries Fund I LP 41,146 12,175 34,811 21,980
    ICG Cheetah Co-Investment 635 11,123 669 11,570
    CX VIII Co-Investment 167 9,076 171 8,996
    ICG Asia Pacific Fund III 2,523 8,706 2,634 8,436
    ICG Dallas Co-Investment 1,240 8,172 1,280 8,245
    ICG Strategic Equity V 36,868 7,101 19,704 895
    ICG Strategic Equity IV 7,055 32,851 10,385 28,029
    ICG Sunrise Co-Investment 75 5,840 76 5,402
    ICG Crown Co-Investment 96 5,492 122 4,817
    ICG Recovery Fund 2008 B1 846 4,954 862 4,545
    ICG Strategic Secondaries Fund II 16,938 4,853 16,547 10,052
    ICG Holiday Co-Investor I 286 3,748 285 2,655
    ICG North American Private Debt Fund II 2,097 3,061 1,682 5,467
    ICG Europe VI 4,013 2,814 4,311 5,719
    ICG Holiday Co-Investor II 199 2,775 197 1,966
    ICG Europe Mid-Market II 19,245 1,534 21,316 (263)
    ICG Europe V 545 757 555 808
    ICG Cross Border 182 273 178 5,555
    ICG Diocle Co-Investment 145 81 148 98
    ICG Velocity Partners Co-Investor 650 18 635
    ICG European Fund 2006 B1 480 15 489 28
    ICG Topvita Co-Investment 687 700
    ICG Trio Co-Investment 36 37 7,988
    Ambassador Theatre Group 14,177
    Total 226,638 415,652 211,043 438,410

    At the balance sheet date the Company has fully funded its share of capital calls due to ICG-managed funds in which it is invested.

    19 Post balance sheet events

    On 2 April 2025, the Company announced the completion of a secondary sale of primary fund interests generating £62m net proceeds and releasing undrawn commitments of £10m. On 30 April 2025 the Company cancelled its Treasury shares (see note 14). 9,358,808 shares were cancelled.

    GLOSSARY

    Term Short form Definition
    Alternative Performance Measures APMs Alternative Performance Measures are a term defined by the European Securities and Markets Authority as “financial measures of historical or future performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework”.

    APMs are used in this report if considered by the Board and the Manager to be the most relevant basis for shareholders in assessing the overall performance of the Company and for comparing the performance of the Company to its peers, taking into account industry practice.

    Definitions and reconciliations to IFRS measures are provided in the main body of the report or in this Glossary, where appropriate.

    Buyback impact on NAV per Share   Buyback impact on NAV per Share is calculated by comparing the NAV per Share with an adjusted NAV per Share as follows:
      Year ended
    31 January 2025
    Since inception (Oct. 22)  
    Opening number of shares 67,190,867 68,523,055 A
    Number of shares bought back in period 2,912,675 4,244,863  
    Closing number of shares 64,278,192 64,278,192 B
    31 January 2025 NAV £1,332m £1,332m C
    Add back cash invested in buybacks £36m £51m  
    31 January 2025 NAV + cash invested in buybacks £1,368m £1,383m D
    31 January 2025 NAV per Share 2,072.9p 2,072.9p E (C/B)
    Pro forma NAV per share excluding buybacks 2,036.4p 2,018.8p F (D/A)
    Impact of buybacks 36.5p 54.1p G (E-F)
    NAV per Share accretion
    from buybacks
    1.8% 2.7% G/F
    Note: scenario excluding buyback does not include any cash impact of dividends that would have been paid to holders of those shares had the buyback not been undertaken
    Carried Interest   Carried interest is equivalent to a performance fee. This represents a share of the profits that will accrue to the underlying private equity managers, after achievement of an agreed Preferred Return.
    Cash drag   Cash drag is the negative impact on performance arising as a result of the allocation of a portion of the entity’s assets to cash.
    Co-investment   Co-investment is a Direct Investment in a company alongside a private equity fund.
    Co-investment Incentive Scheme Accrual   Co-investment Incentive Scheme Accrual represents the estimated value of interests in the Co-investment Incentive Scheme operated by the subsidiary partnerships of the Company.
    Commitment   Commitment represents the amount of capital that each investor agrees to contribute to a fund or a specific investment.
    Compound Annual Growth Rate CAGR The rate of return that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each period of the investment’s life span.
    Deployment   Please see ‘Total new investment’.
    Direct Investment   An investment in a portfolio company held directly, not through a private equity fund. Direct Investments are typically co-investments with a private equity fund.
    Discount   Discount arises when the Company’s shares trade at a price below the Company’s NAV per Share. In this circumstance, the price that an investor pays or receives for a share would be less than the value attributable to it by reference to the underlying assets. The Discount is the difference between the share price and the NAV, expressed as a percentage of the NAV. For example, if the NAV was 100p and the share price was 90p, the Discount would be 10%.
    Drawdowns   Drawdowns are amounts invested by the Company when called by underlying managers in respect of an existing Commitment.
    EBITDA   Stands for earnings before interest, tax, depreciation and amortisation, which is a widely used profitability measure in the private equity industry.
    Enlarged Perimeter   The aggregate Portfolio value of the Top 30 Companies and as many of the managers from within the Top 30 funds as practicable.
    Enterprise Value EV Enterprise Value is the aggregate value of a company’s entire issued share capital and Net Debt.
    Exclusion List   The Exclusion List defines the business activities which are excluded from investment.
    FTSE All-Share Index Total Return   The change in the level of the FTSE All-Share Index, assuming that dividends are re-invested on the day that they are paid.
    Full Exits   Full Exits are exit events (e.g., trade sale, sale by public offering, or sale to a financial buyer) following which the residual exposure to an underlying company is zero or immaterial; this does not include Fund Disposals. See ‘Fund Disposals’.
    Fund Disposals   Fund Disposals are where the Company receives sales proceeds from the full or partial sale of a fund position within the secondary market.
    General Partner GP The General Partner is the entity managing a private equity fund. This is commonly referred to as the manager.
    Hedging   Hedging is an investment technique designed to offset a potential loss on one investment by purchasing a second investment that is expected to perform in the opposite way.
    Initial Public Offering IPO An Initial Public Offering is an offering by a company of its share capital to the public with a view to seeking an admission of its shares to a recognised stock exchange.
    Internal Rate of Return IRR Internal Rate of Return is a measure of the rate of return received by an investor in a fund. It is calculated from cash drawn from and returned to the investor, together with the residual value of the investment.
    Investment Period   Investment Period is the period in which funds are able to make new investments under the terms of their fund agreements, typically up to five years after the initial Commitment.
    Last Twelve Months LTM Last Twelve Months refers to the timeframe of the immediately preceding 12 months in reference to financial metrics used to evaluate the Company’s performance.
    Limited Partner LP The Limited Partner is an institution or individual who commits capital to a private equity fund established as a Limited Partnership. These funds are generally protected from legal actions and any losses beyond the original investment.
    Limited Partnership   A Limited Partnership includes one or more General Partners, who have responsibility for managing the business of the partnership and have unlimited liability, and one or more Limited Partners, who do not participate in the operation of the partnership and whose liability is ordinarily capped at their capital and loan contribution to the partnership. In typical fund structures, the General Partner receives a priority share ahead of distributions to Limited Partners.
    Net Asset Value per Share NAV per Share Net Asset Value per Share is the value of the Company’s net assets attributable to one Ordinary share. It is calculated by dividing ‘shareholders’ funds’ by the total number of ordinary shares in issue. Shareholders’ funds are calculated by deducting current and long-term liabilities, and any provision for liabilities and charges, from the Company’s total assets.
    Net Debt   Net Debt is calculated as the total short-term and long-term debt in a business, less cash and cash equivalents.
    Ongoing charges   Ongoing Charges are calculated in line with guidance issued by the Association of Investment Companies (‘AIC’) and capture management fees and expenses, excluding finance costs, incurred at the Company level only. The calculation does not include the expenses and management fees incurred by any underlying funds.
        31 January 2025 Total per income statement
    £’000
    Amount excluded from AIC Ongoing Charges
    £’000
    Included Ongoing Charges
    £000
        Management fees 16,175 16,175
        General expenses 1,500 165 1,665
        Finance costs 9,354 (9,354)
        Total 27,029 (9,189) 17,840
        Total Ongoing Charges 17,840
        Average NAV 1,294,186
        Ongoing Charges as % of NAV 1.38%
               
        31 January 2024 Total per income statement
    £’000
    Amount excluded from AIC Ongoing Charges
    £’000
    Included Ongoing Charges
    £000
        Management fees 16,148 16,148
        General expenses 1,773 (209) 1,564
        Finance costs 8,152 (8,152)
        Total 26,073 (8,362) 17,712
        Total Ongoing Charges 17,712
        Average NAV 1,291,759
        Ongoing Charges as % of NAV 1.37%
        Included within General expenses above are £(0.2)m (credit) (2024: £0.2m) of other expenses which are non-recurring and are excluded from the Ongoing Charges.
    Other Net Liabilities   Other Net Liabilities at the aggregated Company level represent net other liabilities per the Company’s balance sheet. Net other liabilities per the balance sheet of the subsidiaries include amounts payable under the Co-investment Incentive Scheme Accrual.
    Overcommitment   Overcommitment refers to where private equity fund investors make Commitments exceeding the amount of liquidity immediately available for investment. When determining the appropriate level of Overcommitment, careful consideration needs to be given to the rate at which Commitments might be drawn down, and the rate at which realisations will generate cash from the existing Portfolio to fund new investment.
    Portfolio   Portfolio represents the aggregate of the investment Portfolios of the Company and of its subsidiary Limited Partnerships. This APM is consistent with the commentary in previous annual and interim reports. The Board and the Manager consider that disclosing our Portfolio assists shareholders in understanding the value and performance of the underlying investments selected by the Manager. It is shown before the Co-investment Incentive Scheme Accrual to avoid being distorted by certain funds and Direct Investments on which ICG Enterprise Trust Plc does not incur these costs (for example, on funds managed by ICG plc). Portfolio is related to the NAV, which is the value attributed to our shareholders, and which also incorporates the Co-investment Incentive Scheme Accrual as well as the value of cash and debt retained on our balance sheet.

    The value of the Portfolio at 31 January 2025 is £1,523.1m (31 January 2024: £1,349.0m).

        31 January 2025 £m IFRS Balance sheet fair value Net assets of subsidiary limited partnerships Co-investment Incentive Scheme Accrual Total Company and subsidiary Limited Partnership
        Investments1 1,469.5 (0.3) 53.9 1,523.1
        Cash 3.9 3.9
        Other Net Liabilities (141.0) 0.3 (53.9) (194.6)
        Net assets 1,332.4 1,332.4
                 
        31 January 2024 £m IFRS Balance sheet fair value Balances receivable from subsidiary Limited Partnerships Co-investment Incentive Scheme Accrual Total Company and subsidiary Limited Partnership
        Investments1 1,296.4 (1.9) 54.4 1,349.0
        Cash 9.7 9.7
        Other Net Liabilities (22.9) 1.9 (54.4) (75.5)
        Net assets 1,283.2 1,283.2
        1Investments as reported on the IFRS balance sheet at fair value comprise the total of assets held by the Company and the net asset value of the Company’s investments in the subsidiary Limited Partnerships.
    Portfolio Return on a Local Currency Basis   Portfolio Return on a Local Currency Basis represents the change in the valuation of the Company’s Portfolio before the impact of currency movements and Co-investment Incentive Scheme Accrual. The Portfolio return of 10.2% is calculated as follows:
          £m 31 January 2025 31 January 2024
        Income, gains and losses on Investments   142.0 125.3
        Foreign exchange gains and losses included in gains and losses on investments   5.4 (38.6)
        Incentive accrual valuation movement   (9.3) (3.7)
        Total gains on Portfolio investments excluding impact of foreign exchange   138.1 83.1
        Opening Portfolio valuation   1,349.0 1,406.4
        Portfolio Return on a Local Currency Basis   10.2% 5.9%
                 
    Term Short form Definition
    Portfolio Company   Portfolio Company refers to an individual company in an investment portfolio.
    Primary   A Primary Investment is a Commitment to a private equity fund.
    Quoted Company   A Quoted Company is any company whose shares are listed or traded on a recognised stock exchange.
    Realisation Proceeds   Realisation Proceeds are amounts received in respect of underlying realisation activity from the Portfolio and exclude any inflows from the sale of fund positions via the secondary market.
    Realisations – Multiple to Cost   Realisations – Multiple to Cost is the average return from Full Exits from the Portfolio in the period on a primary investment basis, weighted by cost.
        £m   31 January 2025 31 January 2024
        Realisation Proceeds from Full Exits in the year-to-date   73.7 100.8
        Cost   35.9 28.8
        Average return Multiple to Cost   2.9x 3.5x
    Realisations – Uplift To Carrying Value   Realisations – Uplift To Carrying Value is the aggregate uplift on Full exits from the Portfolio in the period excluding publicly listed companies that were exited via sell downs of their shares.
        £m   31 January 2025 31 January 2024
        Realisation Proceeds from Full Exits in the year-to-date   73.7 100.8
        Prior Carrying Value (at previous quarterly valuation prior to exit)   62.0 89.2
        Realisations – Uplift To Carrying Value   19.0% 29.5%
    Secondary Investments   Secondary Investments occur when existing private equity fund interests and Commitments are purchased from an investor seeking liquidity.
    Share Price Total Return   Share Price Total Return is the change in the Company’s share price, assuming that dividends are re-invested on the day that they are paid.
    Total New Investment   Total New Investment is the total of direct Co-investment and fund investment Drawdowns in respect of the Portfolio. In accordance with IFRS 10, the Company’s subsidiaries are deemed to be investment entities and are included in subsidiary investments within the financial statements.

    Movements in the cash flow statement within the financial statements reconcile to the movement in the Portfolio as follows:

          £m 31 January 2025 31 January 2024
        Purchase of Portfolio investments per cash flow statement   34.1 25.2
        Purchase of Portfolio investments within subsidiary investments   152.2 111.6
        Return of cost/expenses   (4.9) 0.0
        Total New Investment   181.4 136.7
    Term Short form Definition        
    Total Proceeds   Total Proceeds are amounts received by the Company in respect of the Portfolio, which may be in the form of capital proceeds or income such as interest or dividends. In accordance with IFRS 10, the Company’s subsidiaries are deemed to be investment entities and are included in subsidiary investments within the financial statements.
        £m     31 January 2025 31 January 2024
        Sale of Portfolio investments per cash flow statement     20.0 40.6
        Sale of Portfolio investments, interest received, and dividends received within subsidiary investments     125.8 195.3
        Interest income per cash flow statement     0.5 1.7
        Dividend income per cash flow statement     0.5 0.8
        Other income per cash flow statement     0.1
        Return of invested cost     4.0 0.0
        Total Proceeds     150.8 238.6
        Fund Disposals     (67.6)
        Realisation Proceeds     150.8 171.0
    Total Return   The change in the Company’s Net Asset Value per Share, assuming that dividends are re-invested at the end of the quarter in which the dividend was paid.
    Undrawn Commitments   Undrawn Commitments are Commitments that have not yet been drawn down (please see ‘Drawdowns’).
    Unquoted Company   An Unquoted Company is any company whose shares are not listed or traded on a recognised stock exchange.
    Valuation Date   The date of the valuation report issued by the underlying manager.

    The MIL Network

  • MIL-OSI China: UN General Assembly holds special meeting to mark 80 years since end of WWII

    Source: People’s Republic of China – State Council News

    Fu Cong, China’s permanent representative to the United Nations, speaks during a special solemn meeting in commemoration of all victims of World War II at the UN headquarters in New York on May 7, 2025. [Photo/Xinhua]

    The United Nations General Assembly (UNGA) on Wednesday convened a special solemn meeting in commemoration of all victims of World War II, as the international community marks the 80th anniversary of the war’s end.

    China, which won the war in the major Oriental theater of WWII, endured casualties exceeding 35 million, said Fu Cong, China’s permanent representative to the United Nations, emphasizing China’s role in the global victory over fascism.

    “By holding back the main forces of Japanese militarism, China not only secured its own survival and national salvation, but also provided strong support to the resistant forces in Europe and the Pacific, making an indelible contribution to the victory of the World Anti-Fascist War,” said Fu.

    Fu said that 80 years later, the world has entered a new period of turbulence and change, with unilateralism on the rise and bullying running rampant.

    Fu called for jointly promoting “a correct understanding of the history of WWII.” “Any scheme or action seeking to downplay, deny, or distort the history of WWII and any rhetoric that glorifies wars of aggression and colonial rule tantamount to a mockery of history and an affront to human conscience, and will surely lose the trust of the global community,” he said.

    “We must firmly uphold the UN-centered international system, the international order based on international law, and the rules-based multilateral trading system, and unequivocally say no to all forms of power politics and bullying,” he said.

    He also called for jointly upholding the authority and status of the United Nations.

    “Certain countries treat the UN as something they can use when it suits them and discard when it doesn’t. They willfully withdraw from agreements and organizations, default on contribution payments, and cut funding in an attempt to place their narrow interests over the collective global good,” Fu said, adding that such practices are “deeply unpopular and are ultimately doomed to failure.”

    Vassily Nebenzia, Russia’s permanent representative to the United Nations, said the victory came at the cost of millions of people.

    “China lost 35 million people. The United States, approximately half a million. Serbia organized the largest partisan movement in Europe. The struggle for the freedom of the peoples was carried out by heroes from Latin America, Asia, and Africa. The cost for the Soviet Union was 27 million people. Twelve million of them were military losses,” Nebenzia said.

    “We will forever remember the great feat that was achieved by the Soviet people, the participants of these historic events. This was a time that was exceedingly difficult, but it was very sacred. A person who experiences significant trials and who vanquishes this will forever draw strength from this victory,” he said.

    Antje Leendertse, Germany’s permanent representative to the United Nations, said the war, unleashed by Nazi Germany, caused immeasurable suffering, in Europe and beyond.

    “That legacy of pain, destruction, and loss will forever be tied to my country’s name. We carry this burden with humility and a moral responsibility, and we accept it without hesitation,” she said.

    “‘Never again’ is not only a commitment for Germany. It is a universal obligation — one that binds us all. An obligation to save succeeding generations from the scourge of war. To protect civilian lives and defend the vulnerable. To uphold the dignity of every human being. And to safeguard the principles of the United Nations Charter for all, including future generations,” said Leendertse.

    Stavros Lambrinidis, head of the European Union Delegation to the United Nations, said it is the occasion to “honor the sacrifices made and mourn the countless lives lost during and after the war.”

    “It is also an opportunity to reiterate our commitment to collaborating with all Member States of the United Nations to ensure a more peaceful, equitable, and prosperous future for generations to come,” Lambrinidis said.

    He said that 80 years on from the end of the Second World War, “we are reminded of the solemn responsibility entrusted to us: to remain true to our collective commitment to uphold the principles of the UN Charter and to ensure that the horrors of war are never repeated.”

    Philemon Yang, president of the UNGA, said in his remarks: “On this 80th anniversary of the end of the Second World War, we reflect on the immense sacrifices made by the millions who fought and died to secure the freedoms we too often take for granted.”

    “As time passes, these commemorations take on a deeper meaning. Most surviving veterans are now centenarians… Preserving their stories is not only a tribute to them, it is a moral responsibility for us all. We must ensure that the lessons they leave behind do not fade but endure,” he said.

    Yang called on world leaders “to choose dialogue over conflict. Diplomacy over escalation. Cooperation over division. Peace over the absence of peace.”

    “We stand at a defining moment — not only for this institution, but for humanity,” said the UNGA president.

    In March, the UNGA passed a resolution to mark the 80th anniversary of the end of World War II. The resolution calls for a special commemorative meeting to be held in the second week of May 2025, and every five years thereafter, to honor the victims of the war.

    It was introduced by Russia, China, Belarus, Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan, Serbia, Tajikistan, Turkmenistan, and Uzbekistan.

    Fu Cong (on the screen), China’s permanent representative to the United Nations, speaks during a special solemn meeting in commemoration of all victims of World War II at the UN headquarters in New York on May 7, 2025. [Photo/Xinhua]

    Vassily Nebenzia, Russia’s permanent representative to the United Nations, speaks during a UN General Assembly’s special solemn meeting in commemoration of all victims of World War II at the UN headquarters in New York on May 7, 2025. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI Banking: Samsung QLED TVs Earn ‘Real Quantum Dot Display’ Certification From TÜV Rheinland

    Source: Samsung

     
    Samsung Electronics today announced that its latest lineup of QLED TVs has received ‘Real Quantum Dot Display’ certification from TÜV Rheinland, an international certification organization based in Germany. The certification verifies that Samsung’s QLED TVs meet global standards for quantum dot display structure, reinforcing the company’s technological leadership in the premium TV market.
     
    The certification confirms that Samsung QLED TVs comply with the International Electrotechnical Commission (IEC) 62595-1-6 standard, which defines the application of quantum dot (QD) light converting unit combined with blue light sources for standard QLED displays.
     
    As part of the certification process, TÜV Rheinland analyzed the light spectrum produced by Samsung QLED TVs and confirmed that it displayed clear separation between red, green and blue — an important marker of color accuracy. This distinction is enabled by quantum dots and may not be as pronounced in displays using alternative materials, which can sometimes cause color mixing or reduced clarity. The results demonstrate how Samsung’s use of quantum dots contributes to delivering vivid and precise color expression.
     
    With the latest certification, Samsung’s QLED TVs are officially validated as true quantum dot displays, further differentiating Samsung’s offerings and strengthening consumer trust in premium television technologies.
     
    “This certification objectively validates that Samsung QLED TVs deliver true quantum dot performance built to international standards,” said Taeyong Son, Executive Vice President of Visual Display Business at Samsung Electronics. “We will continue to drive innovation and strengthen consumer trust as we lead the premium TV market.”
     
    The series that have received certification include the Neo QLED 8K (QN990F, QN950F), Neo QLED 4K (QN90F, QN85F, QN80F, QN70F) and QLED 4K (Q8F, Q7F, Q6F) series.
     
    Quantum dots are ultra-fine nanomaterials, tens of thousands of times smaller than a human hair, renowned for their ability to reproduce precise and vivid colors depending on light wavelength. The method by which quantum dots are integrated into display panels has become a key indicator for evaluating technological advancement in the premium TV segment.
     
    Separately, Samsung’s quantum dot technology has also been recognized by global testing organization Société Générale de Surveillance (SGS) for its excellence in cadmium-free design — an environmentally conscious approach that eliminates the use of cadmium, a toxic heavy metal known to pose risks to human health and the environment.

    MIL OSI Global Banks

  • MIL-OSI USA: New Visualization From NASA’s Webb Telescope Explores Cosmic Cliffs

    Source: NASA

    In July 2022, NASA’s James Webb Space Telescope made its public debut with a series of breathtaking images. Among them was an ethereal landscape nicknamed the Cosmic Cliffs. This glittering realm of star birth is the subject of a new 3D visualization derived from the Webb data. The visualization, created by NASA’s Universe of Learning and titled “Exploring the Cosmic Cliffs in 3D,” breathes new life into an iconic Webb image.
    It is being presented today at a special event hosted by the International Planetarium Society to commemorate the 100th anniversary of the first public planetarium in Munich, Germany.
    The landscape of “mountains” and “valleys” known as the Cosmic Cliffs is actually a portion of the nebula Gum 31, which contains a young star cluster called NGC 3324. Both Gum 31 and NGC 3324 are part of a vast star-forming region known as the Carina Nebula Complex.
    Ultraviolet light and stellar winds from the stars of NGC 3324 have carved a cavernous area within Gum 31. A portion of this giant bubble is seen above the Cosmic Cliffs. (The star cluster itself is outside this field of view.)
    The Cliffs display a misty appearance, with “steam” that seems to rise from the celestial mountains. In actuality, the wisps are hot, ionized gas and dust streaming away from the nebula under an onslaught of relentless ultraviolet radiation.
    Eagle-eyed viewers may also spot particularly bright, yellow streaks and arcs that represent outflows from young, still-forming stars embedded within the Cosmic Cliffs. The latter part of the visualization sequence swoops past a prominent protostellar jet in the upper right of the image.

    [embedded content]
    In July 2022, NASA’s James Webb Space Telescope made history, revealing a breathtaking view of a region now nicknamed the Cosmic Cliffs.This glittering landscape, captured in incredible detail, is part of the nebula Gum 31 — a small piece of the vast Carina Nebula Complex — where stars are born amid clouds of gas and dust.This visualization brings Webb’s iconic image to life — helping us imagine the true, three-dimensional structure of the universe… and our place within it.

    Produced for NASA by the Space Telescope Science Institute (STScI) with partners at Caltech/IPAC, and developed by the AstroViz Project of NASA’s Universe of Learning, this visualization is part of a longer, narrated video that provides broad audiences, including youth, families, and lifelong learners, with a direct connection to the science and scientists of NASA’s Astrophysics missions. That video enables viewers to explore fundamental questions in science, experience how science is done, and discover the universe for themselves.
    “Bringing this amazing Webb image to life helps the public to comprehend the three-dimensional structure inherent in the 2D image, and to develop a better mental model of the universe,” said STScI’s Frank Summers, principal visualization scientist and leader of the AstroViz Project.
    More visualizations and connections between the science of nebulas and learners can be explored through other products produced by NASA’s Universe of Learning including a Carina Nebula Complex resource page and ViewSpace, a video exhibit that is currently running at almost 200 museums and planetariums across the United States. Visitors can go beyond video to explore the images produced by space telescopes with interactive tools now available for museums and planetariums.
    NASA’s Universe of Learning materials are based upon work supported by NASA under award number NNX16AC65A to the Space Telescope Science Institute, working in partnership with Caltech/IPAC, Center for Astrophysics | Harvard & Smithsonian, and NASA’s Jet Propulsion Laboratory.
    The James Webb Space Telescope is the world’s premier space science observatory. Webb is solving mysteries in our solar system, looking beyond to distant worlds around other stars, and probing the mysterious structures and origins of our universe and our place in it. Webb is an international program led by NASA with its partners, ESA (European Space Agency) and CSA (Canadian Space Agency).
    NASA’s Universe of Learning is part of the NASA Science Activation program, from the Science Mission Directorate at NASA Headquarters. The Science Activation program connects NASA science experts, real content and experiences, and community leaders in a way that activates minds and promotes deeper understanding of our world and beyond. Using its direct connection to the science and the experts behind the science, NASA’s Universe of Learning provides resources and experiences that enable youth, families, and lifelong learners to explore fundamental questions in science, experience how science is done, and discover the universe for themselves.
    To learn more about Webb, visit:
    https://science.nasa.gov/webb
    Downloads
    View/Download all image products at all resolutions for this article from the Space Telescope Science Institute.

    Laura Betz – laura.e.betz@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.
    Christine Pulliam – cpulliam@stsci.eduSpace Telescope Science Institute, Baltimore, Md.

    Explore more: Carina Nebula Complex from NASA’s Universe of Learning
    Read more: Webb’s view of the Cosmic Cliffs
    Listen: Carina Nebula sonification
    Read more: Webb’s star formation discoveries
    More Webb News
    More Webb Images
    Webb Science Themes
    Webb Mission Page

    What is the Webb Telescope?
    SpacePlace for Kids
    En Español
    Ciencia de la NASA
    NASA en español 
    Space Place para niños

    MIL OSI USA News

  • MIL-OSI Europe: Written question – Non-human primates used in experiments and the phasing out of animal testing – E-001722/2025

    Source: European Parliament

    Question for written answer  E-001722/2025
    to the Commission
    Rule 144
    Niels Fuglsang (S&D)

    Non-human primates were involved in a total of 7 658 uses for animal tests in 2022 (up by 9 % since 2021), with France (4 147 uses) and Germany (2 204 uses) being the largest users.

    We note with concern that France, Germany and – for the first time, in 2022 – Denmark are the only Member States that use baboons in experiments. In 2022, France reported 73 uses of baboons (an 83 % increase since 2021) while Germany and Denmark each reported 5 uses. France is also the only Member State that uses vervet monkeys, with 51 uses in 2022 (up by 1 600 % since 2021).[1]

    In view of the above:

    • 1.Could the Commission explain what measures are being taken to encourage Member States to reduce and replace the use of non-human primates for testing?
    • 2.Could the Commission explain why these species of primate continue to be used and what is being done to encourage France, Germany and Denmark to permanently phase out testing using these species?

    Submitted: 30.4.2025

    • [1] https://webgate.ec.europa.eu/envdataportal/content/alures/section2_number-of-uses.html.
    Last updated: 7 May 2025

    MIL OSI Europe News