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Category: Eurozone

  • MIL-OSI United Kingdom: Statement from the interim Biometrics Commissioner

    Source: United Kingdom – Executive Government & Departments

    News story

    Statement from the interim Biometrics Commissioner

    Statement from Francesca Whitelaw KC, who has been appointed the interim Biometrics Commissioner.

    Statement from the interim Biometrics Commissioner, Francesca Whitelaw KC:

    I am delighted to have been appointed the interim Biometrics Commissioner, while the government progresses the appointment of a permanent Commissioner.

    My focus will be to consider police applications to retain, exceptionally, DNA and fingerprints under s63G of the Police and Criminal Evidence Act, and under National Security Determinations, balancing the public interest considerations with the rights of individuals.

    I bring my knowledge and expertise as KC to the role, with specialisms in public, police, national security and information law.

    I look forward to working with stakeholders and my team in fulfilling this important statutory function and contributing to keeping the UK safe and secure.

    Read more about this appointment and the process of appointing a permanent commissioner.

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    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom –

    July 1, 2025
  • MIL-OSI: ProLogium’s Next-Generation Lithium Ceramic Battery Shipments Surpass 2.4 Million Units

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan, July 01, 2025 (GLOBE NEWSWIRE) — ProLogium Technology, a global leader in next-generation lithium ceramic batteries, today announced that its cumulative shipments have officially surpassed 2.4 million units, marking a major milestone since its production in 2013. A key driver of this achievement is the production ramp-up at ProLogium’s first Giga-scale super factory in Taoyuan, Taiwan (Taoke Plant), which has contributed over 500,000 units within just 18 months of operation. This strong performance demonstrates the reliability and scalability of ProLogium’s mass production capabilities. The company’s batteries have been adapted across multiple sectors including electric mobility, wearables, automotive electronics, and industrial system, highlighting the strong commercial maturity and stable supply capability of its products across diverse applications.

    Leveraging both its technological leadership and mature manufacturing infrastructure, ProLogium has proven its readiness to support large-scale market demands. This milestone also lays a solid foundation for the company’s upcoming Giga factory project in Dunkirk, France, currently preparing for construction.

    From R&D to Mass Production: Catalyzing a Paradigm Shift in the Battery Industry
    Founded in 2006, ProLogium is committed to developing safe, high-performance, scalable, and sustainable lithium ceramic batteries. It is the first and only company worldwide capable of mass-producing this next-generation battery technology using automated production systems. Following the dual approval of EIA (Environmental Impact Assessment) and building permits for its Giga factory in Dunkirk, France at the end of 2024, ProLogium is now leading the industry into the fourth generation all-inorganic solid-state electrolyte architecture. Construction is set to begin in 2026, with mass production planned for 2028. This marks a crucial step in the company’s global expansion, while also accelerating the transformation and upgrading of the battery supply chain, unlocking long-term value and growth potential.

    All-Ceramic Separator + All-Inorganic Electrolyte + All-Silicon Anode
    A True Next-Gen Battery beyond Conventional Solid-State Technologies
    While continuously optimizing current mass production technologies, ProLogium is also actively advancing its fourth-generation all-inorganic electrolyte architecture. By leveraging innovative inorganic electrolyte fluidization technology, ProLogium has successfully combined the respective advantages of solid-state and liquid batteries, eliminating their inherent performance trade-offs.

    This architecture significantly enhances six key performance metrics—safety, energy density, thermal stability, fast-charging capability, energy efficiency, and low-temperature performance—while addressing one of the greatest hurdles in solid-state battery commercialization: the high cost of materials and manufacturing processes. The result is a scalable, cost-effective battery that redefines the value structure of both solid-state and liquid batteries.

    Furthermore, the innovative design overcomes the interface bottleneck typically found between solid electrolytes and active materials, laying the groundwork for the widespread adoption of next-generation batteries and providing a truly scalable and sustainable energy transition solution.

    “Next-generation batteries are not only the cornerstone of the energy transition but also a critical engine driving electrification and smart device innovation” said Vincent Yang, Founder and CEO of ProLogium.

    “We are pleased that our technology has been adopted and validated by leading strategic partners around the world and introduced into a wide range of applications. Beyond business expansion, we look forward to collaborating with industry, government, academia, and research institutions to form strategic alliances that can accelerate energy transition and contribute to global sustainable development.”

    About ProLogium

    Founded in 2006, ProLogium Technology is an innovative energy company focused on the development and manufacturing of next-generation lithium ceramic batteries for electric vehicles, consumer electronics, and industrial applications. The company holds over 900 global patents (granted and pending) and has delivered more than 12,000 battery samples for testing and module development to global automotive OEMs.

    ProLogium’s first GWh-level Giga factory (Taoke) in Taoyuan, Taiwan, began production in 2024 and supplies global markets. The company surpassed the milestone of 2.4 million battery units shipped. In May 2024, ProLogium unveiled its first overseas R&D center in Paris-Saclay, designed to tailor solutions for the European market. Its first overseas Giga factory in Dunkirk, France, received dual approvals for EIA and building permits in late 2024, with construction scheduled for 2026 and mass production in 2028.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/819c258c-214e-4297-a7cb-5378ed4b4e37

    https://www.globenewswire.com/NewsRoom/AttachmentNg/62c8721a-977d-46e7-95da-31d7639e06ad

    The MIL Network –

    July 1, 2025
  • MIL-OSI Russia: Linking Times: How Polytechnic Students Preserve the Memory of Their Ancestors’ Feats

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Activists of the military-historical club “Our Polytechnic” continue the traditions of patriotic education, actively participating in events dedicated to the memory of the Great Patriotic War. In June, students attended several festivals that became a vivid example of unity and respect for the feat of our ancestors.

    The journey into history began with a trip to Yelets, where a major military history festival was held from June 12 to 14. The program of the event included many events – from a flower-laying ceremony to a visit to the military glory museum.

    At numerous interactive exhibitions, guests were able to see authentic wartime items. The authentic Red Army camp in the Rusborg fortress was especially impressive. The children spent the night in field conditions, using real raincoats, which helped them feel the atmosphere of wartime.

    The culmination of the festival was the reconstruction of the famous battle for the Terbunsky line, which took place on July 6, 1942. More than a hundred reenactors, armored vehicles and cavalry took part in the recreation of historical events.

    The next stop on the trip was Brest, where the 13th military-historical festival “June 22 Brest Fortress” was held. For the polytechnics, this is already a traditional event – they have been participating in it for eight years. The students visited battle sites and lived in conditions close to those of that time.

    The Brest festival program included the opening ceremony of the monument to border guards at the Northern Gate of the Brest Fortress, a ceremonial march in the 1941 uniform to the sounds of a military orchestra, a theatrical performance “The Last Peaceful Day”, laying flowers at the Eternal Flame and a detailed reconstruction of the events of the beginning of the war. Military history clubs from Russia, Belarus, Latvia, Lithuania, Estonia and Poland took part in this reconstruction. A tank, an armored car, cars, motorcycles, an An-2 plane, cavalry and pyrotechnics were used. More than 10 thousand people became spectators.

    Activists of the VIC “Our Polytech” believe that such events are not just an entertaining spectacle, but an important contribution to preserving historical memory and strengthening the connection between generations. By participating in them, students try to cultivate respect for the heroic past of the country and the people in their peers.

    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 –

    July 1, 2025
  • MIL-OSI Russia: /China Spotlight/ Toys for the Elderly Boost China’s ‘Silver’ Economy

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    HANGZHOU, July 1 (Xinhua) — In a playroom at a nursing home in China, several sprightly seniors gathered to play table hockey, competing in wits and skill, savoring every moment.

    Once considered a child’s play, these educational games are quickly becoming the latest craze among seniors.

    As China’s population ages at an accelerated rate, the once-overlooked consumer niche of games and toys for the elderly is emerging as a new pillar of the booming silver economy.

    Guan Weijian, a toy merchant in the eastern Chinese city of Yiwu, known as the “supermarket of the world,” quickly saw the wind blowing when he noticed such changes.

    Over the past year, his online store has seen a boom in demand for fitness gear and cognitive-development games and toys among older shoppers. Consumers aged 50 and up now make up 30 percent of his user base.

    “Our two best-selling toys are in the fitness and puzzle categories. They are low-impact yet fun, perfect for seniors to exercise or while away the time,” says Guan Weijian.

    “In fact, there are similarities between toys for the elderly and children’s toys in terms of developing reflexes, grip strength and coordination. In fact, some children’s toys can be easily adapted for the elderly with just a few simple changes,” Guan Weijian added.

    Realizing the potential of the senior toys sector as a promising niche, he decided to take advantage of the opportunity. In just three months after launching more than 10 products designed specifically for senior users, sales at his store far exceeded expectations.

    Searches for “toys for the elderly” on Taobao, one of China’s leading e-commerce platforms, grew 124 percent year-on-year, and transaction volume increased by more than 70 percent. Consumers aged 55 and above now make up an increasing proportion of shoppers, and their purchase frequency is increasing.

    As the market expands, more and more toy manufacturers across China are shifting their focus to meet the needs of older consumers.

    According to Cheng Xin of Taobao’s toys and collectibles section, there are many new shops selling toys for the elderly popping up on the platform, some of which are newly established and many of which are converted from former children’s toy stores.

    “Toys are no longer exclusive to kids, nor are they pop culture icons. They are a lifelong hobby that can be enjoyed by a wide range of consumers of all ages,” Cheng Xin said, adding that Taobao plans to launch a special toy segment for seniors, providing them with customized operational support.

    The booming market of toys for the elderly has not only created new growth points for consumption, but also contributed to a profound transformation of the traditional production chain.

    A particularly striking example is Yunhe County in Zhejiang Province, East China, widely known as the “birthplace of China’s wooden toys.”

    Based on years of industrial experience, Yunhe County has now deeply integrated the wooden toy industry with the elderly care industry, forming an innovative industrial chain focusing on intellectual, health and entertainment products.

    The key to this transformation lies in the shift from “fun” to “functionality.” To date, local manufacturers have developed more than 200 wooden toys designed to improve hand-foot coordination and slow down memory loss in older adults.

    According to Yin Qian, president of Zhejiang Mimi Zhikang Technology Co., the company has developed more than 100 wooden puzzle toys that are both entertaining and mentally stimulating.

    To enhance the cognitive and rehabilitation properties of its products, the company collaborated with the Health Science Center of Xi’an Jiaotong University and the Alzheimer’s Disease Prevention Group located in Shaoxing, Zhejiang Province.

    To date, the company has received more than 30 patents and supplies products to more than 500 senior care facilities across the country.

    Meanwhile, Yunhe is also targeting international markets. In recent years, the county has expanded the export of its wooden toys to senior schools, nursing homes and community centers overseas.

    “In 2024, our products were successfully exported to Germany, Japan and other markets, where they were warmly received by elderly users,” Yin Qian said.

    In the first quarter of this year, sales of wooden toys aimed at the elderly rose 50 percent year-on-year.

    China’s elderly population is projected to grow by more than 10 million a year over the next decade, according to the Ministry of Civil Affairs. The silver economy’s share of China’s GDP is expected to rise to 9 percent by 2035, from 6 percent today.

    Data from iiMedia Research shows that China’s elderly care market will reach 12 trillion yuan (about $1.68 trillion) in 2023, up 16.5 percent year-on-year. The country’s silver economy is projected to reach about 30 trillion yuan by 2035, accounting for about 10 percent of GDP.

    Innovations in niche segments are opening up new opportunities in the silver economy, said Zhang Jinsong, secretary general of the Committee on Education for the Elderly of the Chinese Gerontological Society.

    The “silver” economy is poised to move beyond basic needs to consumption based on quality and pleasure, which will open up enormous potential,” he added. -0-

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI United Nations: IOM and Bolt Join Forces to Support Migrant Workers in the Mobility and Delivery Sectors

    Source: International Organization for Migration (IOM)

    Geneva/Valletta, 1 July 2025 – The International Organization for Migration (IOM) and Bolt, a leading European platform for ride-hailing and food delivery services, have signed a global agreement aimed at providing integration support for migrants working in the mobility and delivery sectors. The partnership, Bridging the Gap – Integrating Migrants, will start with a pilot project in Malta that will serve as a scalable model for other countries.  

    “Migration is a reality that shapes our economies and our lives,” said Catalina Devandas, IOM Senior Director of Partnerships. “It is both a resource and an opportunity for people and economies alike. This partnership with Bolt shows what can happen when the private sector steps up to create fair, safe, and dignified migration pathways that meet real market needs and protect workers’ rights.”  

    With operations in over 600 cities across more than 50 countries, including in Europe, Africa, Southeast Asia and the Americas, Bolt’s broad geographic footprint strengthens the potential of the partnership to create lasting impact across diverse labour markets.  

    The project aims to empower migrant workers to better integrate into the local economy by working closely with private sector actors, developing tools and training for fleet employers, and providing targeted support. The partnership also seeks to foster social and labour market cohesion by ensuring migrant workers are fairly treated and supported by fleet partners.  

    “The success of several economic sectors increasingly relies on a diverse workforce,” said Eirini Zafeiratou, Vice President of Policy and Regulatory Affairs at Bolt. “Bolt’s platform enables earning opportunities for many individuals. With the support of IOM, we will make further efforts to foster better integration of migrant workers in the countries where we operate.”  

    In Malta, the pilot will offer concrete assistance to employers and workers alike, from developing tools and training that promote fair working conditions to providing practical support and integration pathways tailored to the ride-hailing and food delivery sector.  

    The project will also engage with a broad range of stakeholders, including public authorities, to ensure that it aligns with national labour market needs, policies, and priorities. In parallel, it will generate evidence to inform future policies on labour mobility at both the national and international levels.  

    By bringing together IOM’s global migration expertise and Bolt’s operational reach, the partnership aims to create a more responsible model for labour mobility – one that addresses market needs while protecting the rights, safety, and dignity of migrant workers.   

    Bolt is supporting the project through the Bolt Urban Fund, a social impact programme designed to enhance the social and economic impact of shared mobility and delivery services worldwide.  

    For more information, please visit IOM’s Media Centre

    Or contact Bolt Sugandha Bhandari, Regional PR Manager, at sugandha.bhandari@bolt.eu. 

    MIL OSI United Nations News –

    July 1, 2025
  • MIL-OSI Europe: ECB Consumer Expectations Survey results – May 2024

    Source: European Central Bank

    1 July 2025

    Compared with April 2025:

    • median consumer perceptions of inflation over the previous 12 months remained unchanged, while median expectations for inflation one and three years ahead decreased, and median inflation expectations for five years ahead remained unchanged;
    • expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months decreased;
    • expectations for economic growth over the next 12 months became less negative, while the expected unemployment rate in 12 months’ time decreased;
    • expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead declined.

    Inflation

    In May, the median rate of perceived inflation over the previous 12 months remained unchanged at 3.1% for the fourth consecutive month. This was its lowest level since September 2021. Median expectations for inflation over the next 12 months decreased by 0.3 percentage points to 2.8%. Expectations for three years ahead also decreased, by 0.1 percentage points, to 2.4% while expectations for inflation five years ahead were unchanged at 2.1% for the sixth consecutive month. Uncertainty about inflation expectations over the next 12 months decreased in May, reversing the increase observed in April. While the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups, over the previous year and a half inflation perceptions and short-horizon expectations for lower income quintiles were, on average, slightly above those for higher income quintiles. Younger respondents (aged 18-34) continued to report lower inflation perceptions and expectations than older respondents (aged 35-54 and 55-70), albeit to a lesser degree than in previous years.

    Inflation results

    Income and consumption

    Consumers’ nominal income growth expectations over the next 12 months increased to 1.0%, from 0.9% in April. This increase was observed across all income groups. Perceived nominal spending growth over the previous 12 months increased to 5.0%, from 4.9% in April. Conversely, expected nominal spending growth over the next 12 months decreased to 3.5% in May, from 3.7% in April. This decrease was prevalent across all income quintiles, except for the lowest income group.

    Income and consumption results

    Economic growth and labour market

    Economic growth expectations for the next 12 months became less negative, standing at -1.1% in May compared with -1.9% in April. Expectations for the unemployment rate 12 months ahead decreased to 10.4%, from 10.5% in April. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (9.9%), implying a broadly stable labour market.

    Economic growth and labour market results

    Housing and credit access

    Consumers expected the price of their home to increase by 3.2% over the next 12 months, which was unchanged from April. Households in the lowest income quintile continued to expect higher growth in house prices compared with those in the highest income quintile (3.5% and 3.1% respectively). Expectations for mortgage interest rates 12 months ahead declined to 4.4%, from 4.5% in April. As in previous months, the lowest income households expected the highest mortgage interest rates 12 months ahead (4.9%), while the highest income households expected the lowest rates (4.1%). The net percentage of households reporting a tightening (relative to those reporting an easing) in access to credit over the previous 12 months declined. The net percentage of those expecting a tightening over the next 12 months declined as well, reversing the increase seen in April.

    Housing and credit access results

    The release of the Consumer Expectations Survey (CES) results for June is scheduled for 29 July 2025.

    For media queries, please contact: Benoit Deeg, tel.: +49 172 1683704.

    Notes

    • Unless otherwise indicated, the statistics presented in this press release refer to the 2% winsorised mean. For further details, see ECB Consumer Expectations Survey – Guide to the computation of aggregate statistics.
    • The CES is a monthly online survey of, currently, around 19,000 adult consumers (i.e. aged 18 or over) from 11 euro area countries: Belgium, Germany, Ireland, Greece, Spain, France, Italy, the Netherlands, Austria, Portugal and Finland. The main aggregate results of the CES are published on the ECB’s website every month. The results are used for policy analysis and complement other data sources used by the ECB.
    • Further information about the survey and the data collected is available on the CES web page. Detailed information can also be found in the following two publications: Bańkowska, K. et al., “ECB Consumer Expectations Survey: an overview and first evaluation”, Occasional Paper Series, No 287, ECB, Frankfurt am Main, December 2021; and Georgarakos, D. and Kenny, G., “Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey”, Journal of Monetary Economics, Vol. 129, Supplement, July 2022, pp. S1-S14.
    • The survey results do not represent the views of the ECB’s decision-making bodies or staff.

    MIL OSI Europe News –

    July 1, 2025
  • MIL-OSI: Virtune announces the listing of Virtune Coinbase 50 Index ETP, its flagship product, on Euronext Paris

    Source: GlobeNewswire (MIL-OSI)

    Paris, July 1st, 2025 – Virtune AB, the Swedish regulated crypto asset manager, today announced the listing of Virtune Coinbase 50 Index ETP (VCOIN50) on Euronext Paris. The exchange-traded product (ETP) is now available to investors in France through brokers and banks.

    Virtune has experienced sustained demand for digital assets from both institutional and retail investors across the Nordic and European regions since the launch of its first ETP around two years ago, earning the trust of over 140,000 investors. Building on this momentum, the VCOIN50 ETP – which was also listed on Xetra on June 2 – now marks another key milestone with its listing on Euronext Paris (Euronext ticker: VRTC), further advancing Virtune’s expansion into the European market. Coinbase is serving as the custodian for VCOIN50.

    Virtune has made history as the first company to list a crypto Exchange Traded Product (ETP) tracking the Coinbase 50 Europe index, developed by Coinbase, a trusted and global leader in crypto services and administered by MarketVector IndexesTM (“MarketVector”), a leading global index provider.

    This ETP represents several key firsts for European financial markets:

    • First ever ETP to track the Coinbase 50 Europe Index
    • The widest crypto ETP in Europe containing up to 50 crypto assets 

    About Virtune Coinbase 50 Index ETP:

    Virtune Coinbase 50 Index ETP is a physically-backed exchange-traded product (ETP) tracking the Coinbase 50 Europe Index, the premier global benchmark index for digital assets. Currently, VCOIN50 ETP offers exposure to 21 crypto assets that are compliant with market-specific regulatory and exchange-specific policies. Virtune’s expansion to include all 50 assets in the COIN50 is subject to regulatory and stock exchange approvals. The ETP provides exposure to up to 50 leading crypto assets and is rebalanced quarterly. The product features a transparent structure backed by physical holdings and secured with institutional-level solutions.

    Allocation as of 30th of June 2025:

    https://www.virtune.com/product/vcoin50

    About Virtune:

    Virtune is a Swedish-regulated crypto asset manager and issuer of 100% physically backed crypto ETPs. The company has experienced rapid growth in the Nordics since listing its first crypto ETP on Nasdaq Stockholm in May 2023. Today, Virtune manages $340 million in assets under management and has earned the trust of over 140,000 institutional and retail investors. Since its inception, Virtune has prioritized investor protection, and its success stems from its transparent, regulated approach and strong commitment to innovation and educating the market about crypto assets and ETPs.

    Christopher Kock, CEO of Virtune:

    “We have worked closely with Coinbase since our inception, leveraging their industry-leading custody, trading, and staking services across all our ETPs. Following the successful launch of the COIN50 ETP, we are proud to now bring this product to a broader European audience through its cross-listing on Euronext Paris. COIN50, designed as the crypto market’s equivalent of the S&P 500, aims to become the leading global crypto benchmark. This ETP provides both institutional and retail investors with diversified exposure to the crypto market – crafted by industry experts with deep experience and insight.”

    About Coinbase: 

    Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Europe, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the EU. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    About MarketVector:

    MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    • Exposure: Exposure to up to 50 leading crypto assets in one product
    • Backing: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management Fee: 0.95% per annum
    • Trading currency: USD, EUR
    • First day of trading on Euronext: Monday, 30th of June 2025
    • BloombergTicker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VRTC
    • Exchanges: Euronext Amsterdam, Euronext Paris, Xetra

    For questions, contact:

    Christopher Kock, CEO & Member of the Board of Directors
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):

    Headquartered in Stockholm, Virtune is a regulated Swedish digital asset manager and issuer of crypto ETPs listed on regulated European exchanges. With strong regulatory foundations, partnerships with industry leaders, and a skilled team, Virtune delivers innovative and compliant investment products aligned with the evolving global crypto landscape.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE. 

    The MIL Network –

    July 1, 2025
  • MIL-OSI Video: ECB Forum on Central Banking 2025 – Day 1

    Source: European Central Bank (video statements)

    The ECB Forum on Central Banking – the Sintra Forum – is an annual event organised by the European Central Bank and is held in Sintra, Portugal.

    It brings together central bank governors, academics, financial market representatives, journalists and others to exchange views on current policy issues and discuss the Forum’s key topic from a longer-term perspective.

    https://www.youtube.com/watch?v=G2qv5ht7Ets

    MIL OSI Video –

    July 1, 2025
  • MIL-OSI: Virtune is listing Virtune Coinbase 50 Index ETP on Euronext Amsterdam and Paris

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, July 1st, 2025 – Virtune, the Swedish regulated crypto asset manager, today announced the listing of Virtune Coinbase 50 Index ETP (VCOIN50) on Euronext Amsterdam and Paris. The exchange-traded product (ETP) is now available to investors in the Netherlands and France through brokers and banks. The product is also available to Swedish investors through Avanza and Montrose.

    The VCOIN50 ETP – which was also listed on Xetra on June 2 – now marks another key milestone with its listing on Euronext Amsterdam and Paris, further advancing Virtune’s expansion into the European market. Coinbase is serving as the custodian for VCOIN50.

    Virtune has made history as the first company to list a crypto Exchange Traded Product (ETP) tracking the Coinbase 50 Europe index, developed by Coinbase, a trusted and global leader in crypto services and administered by MarketVector Indexes™ (“MarketVector”), a leading global index provider.

    About Virtune Coinbase 50 Index ETP:

    Virtune Coinbase 50 Index ETP is a physically-backed exchange-traded product (ETP) tracking the Coinbase 50 Europe Index, the premier global benchmark index for digital assets. Currently, VCOIN50 ETP offers exposure to 21 crypto assets that are compliant with market-specific regulatory and exchange-specific policies. Virtune’s expansion to include all 50 assets in the COIN50 is subject to regulatory and stock exchange approvals. The ETP provides exposure to up to 50 leading crypto assets and is rebalanced quarterly. The product features a transparent structure backed by physical holdings and secured with institutional-level solutions.

    Allocation as of 30th of June 2025:

    https://www.virtune.com/product/vcoin50

    Christopher Kock, CEO of Virtune:

    “We have worked closely with Coinbase since our inception, leveraging their industry-leading custody, trading, and staking services across all our ETPs. Following the successful launch of the COIN50 ETP, we are proud to now bring this product to a broader European audience through its cross-listing on Euronext Amsterdam and Paris. COIN50, designed as the crypto market’s equivalent of the S&P 500, aims to become the leading global crypto benchmark. This ETP provides both institutional and retail investors with diversified exposure to the crypto market – crafted by industry experts with deep experience and insight.”

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Europe, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the EU. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    Exposure: Exposure to up to 50 leading crypto assets in one product

    Backing: 100% physically backed by the underlying crypto assets

    Custody: Institutional-grade custody by Coinbase

    Management Fee: 0.95% per annum

    Trading currency: USD, EUR

    First day of trading on Euronext Amsterdam and Paris: Monday, 30th of June 2025

    BloombergTicker: VCOIN50

    ISIN: SE0024738389

    WKN: A4A5D4

    Exchange ticker: VRTC

    Exchanges: Euronext Amsterdam, Euronext Paris, Xetra

    For questions, contact:

    Christopher Kock, CEO & Member of the Board of Directors

    Mobile: +46 70 073 45 64

    E-mail: christopher@virtune.com

    About Virtune AB (Publ):
    Headquartered in Stockholm, Virtune is a regulated Swedish digital asset manager and issuer of crypto ETPs listed on regulated European exchanges. With strong regulatory foundations, partnerships with industry leaders, and a skilled team, Virtune delivers innovative and compliant investment products aligned with the evolving global crypto landscape.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.

    The MIL Network –

    July 1, 2025
  • MIL-OSI Europe: REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges – A10-0122/2025

    Source: European Parliament 2

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges

    (COM(2025)0164 – C10‑0064-2025 – 2025/0085(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

    – having regard to the Commission proposal to Parliament and the Council (COM(2025)0164),

    – having regard to Article 294(2) and Articles 164, 175, 177 and 322 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C10‑0064-2025),

    – having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

    – having regard to the budgetary assessment by the Committee on Budgets,

    – having regard to Rules 60 and 58 of its Rules of Procedure,

    – having regard to the opinion of the Committee on Security and Defence,

    – having regard to the letter from the Committee on Regional Development,

    – having regard to the report of the Committee on Employment and Social Affairs (A10-0122/2025),

    1. Adopts its position at first reading hereinafter set out;

    2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

    Amendment  1

     

    Proposal for a regulation

    Recital 1

     

    Text proposed by the Commission

    Amendment

    (1) Given the major geopolitical and economic events that have reshaped some of the Union’s strategic political priorities, it is necessary to provide for possibilities for Member States to address those strategic challenges and to refocus their resources to newly emerging priorities.

    (1) Given the major geopolitical and economic events that have reshaped some of the Union’s strategic political priorities, it is necessary to provide for more structural possibilities for Member States to address those strategic challenges and the investment needs of industries and to refocus their resources to newly emerging priorities in an inclusive manner and only where those challenges have not been addressed in the current programmes, while safeguarding cohesion, creating quality jobs and preserving a level playing field in the internal market.

    Amendment  2

     

    Proposal for a regulation

    Recital 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (1a) The ESF+ is an essential pillar of cohesion policy. The main objectives of the ESF+ are to support Member States and regions to achieve social inclusion, social cohesion, to activate the labour market and to deliver on the principles and the headline targets of the European Pillar of Social Rights by supporting investments in people and structures in the policy area of employment and social policies, which are far from met yet. ESF+ funding should support those objectives. The reprogramming of resources under the ESF+ should ensure that adjustment measures in response to strategic challenges do not undermine its social approach, but strengthen its capacity to combat inequality.

    Amendment  3

     

    Proposal for a regulation

    Recital 1 b (new)

     

    Text proposed by the Commission

    Amendment

     

    (1b) The European Court of Auditors’ adopted on 6 May 2025 the opinion on the legislative proposal forming the basis for this Regulation.

    Amendment  4

     

    Proposal for a regulation

    Recital 1 c (new)

     

    Text proposed by the Commission

    Amendment

     

    (1c) Cohesion policy is often used as an emergency response tool, which risks undermining the primary longer-term policy and objectives of cohesion policy, as underlined in the European Court of Auditors’ opinion of 6 May 2025. It is essential to ensure that any measures taken in the context of emergencies do not interfere with the objectives of cohesion policy. Member States should ensure safeguards in the regulatory framework to prevent the dismantling of the core objectives of the cohesion policy.

    Amendment  5

     

    Proposal for a regulation

    Recital 1 d (new)

     

    Text proposed by the Commission

    Amendment

     

    (1d) The Union and its Member States continue to show that they can rapidly react to geopolitical events and are willing to use sufficient financial resources towards strengthening our defence industry through different Union and national programmes, which is positive and needed for the security of the Union. It is important to strengthen our defence sector through competitiveness programmes. At the same time, it is of utmost importance to continue to invest in the social objectives of the Union through the ESF+, as social cohesion is a cornerstone of the Union’s  democratic and societal resilience which is essential in facing threats of aggression.

    Amendment  6

     

    Proposal for a regulation

    Recital 2

     

    Text proposed by the Commission

    Amendment

    (2) The White paper for European Defence – Readiness 20303 paves the way for a true European defence union, including by suggesting to Member States to heavily invest into defence and the defence industry. In that regard, the Communication from the Commission – the Union of Skills of 5 March 20254 (‘the Union of Skills Communication’) sets out actions to address skills gaps and shortages in the Union, also through the Pact for Skills Initiative referred to in that Communication, and its large-scale partnerships, including one on the defence ecosystem. Therefore, it is appropriate to include incentives for the ESF+ established by Regulation (EU) 2021/1057 of the European Parliament and of the Council5 to facilitate the development of skills in the defence industry.

    (2) It is already possible to support the development of skills in the defence industry under the ESF+ established by Regulation (EU) 2021/1057 of the European Parliament and of the Council2a, to facilitate the development of skills and training in the defence industry, while safeguarding social standards. Together with the Niinisto Report, ‘Safer Together’, the EU Preparedness Strategy, and the European Defence Industrial Strategy, the White paper for European Defence – Readiness 20303 paves the way for a true European defence union, including by suggesting to Member States to heavily invest into defence, civil defence, the defence industry, dual use technologies and civil preparedness capabilities, which should be carried out together with social spending, creating employment and up- and reskilling opportunities . In that regard, the Communication from the Commission – the Union of Skills of 5 March 20254 (‘the Union of Skills Communication’) sets out actions to address skills gaps and shortages in the Union, also through the Pact for Skills Initiative referred to in that Communication, and its large-scale partnerships, including one on the defence ecosystem.

    __________________

    __________________

     

    2a Regulation (EU) 2021/1057 of the European Parliament and of the Council of 24 June 2021 establishing the European Social Fund Plus (ESF+) and repealing Regulation (EU) No 1296/2013 (OJ L 231, 30.6.2021, p. 21, ELI: http://data.europa.eu/eli/reg/2021/1057/oj).

    3 Joint White Paper for European Defence Readiness 2030, JOIN(2025) 120 final, 19.3.2025.

    3Joint White Paper for European Defence Readiness 2030, JOIN(2025) 120 final, 19.3.2025.

    4 COM (2025) 90 final

    4 COM (2025)0090

    5 Regulation (EU) 2021/1057 of the European Parliament and of the Council of 24 June 2021 establishing the European Social Fund Plus (ESF+) and repealing Regulation (EU) No 1296/2013 (OJ L 231, 30.6.2021, p. 21, ELI: http://data.europa.eu/eli/reg/2021/1057/oj).

     

    Amendment  7

     

    Proposal for a regulation

    Recital 3

     

    Text proposed by the Commission

    Amendment

    (3) It is already possible to support the adaptation of workers, entrepreneurs and enterprises to change under the ESF+. In line with the decarbonisation measures proposed by the Communication from the Commission – the Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation of 26 February 20256 and to further facilitate industrial adjustment linked to the decarbonisation of production processes and products, in the context of the objective of providing lifelong opportunities to regularly upskill and reskill people, as set out in the Union of Skills Communication, including through a newly proposed Skills Guarantee, the ESF+ should facilitate the skilling, job maintenance and job creation throughout the decarbonisation process by providing flexibilities to implementation.

    (3) It is already possible to support the adaptation of workers, entrepreneurs and enterprises to change under the ESF+. In line with the decarbonisation measures proposed by the Communication from the Commission – the Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation of 26 February 20256 and to further facilitate industrial adjustment linked to the decarbonisation of production processes and products, in the context of the objective of providing lifelong opportunities to regularly upskill and reskill people, as set out in the Union of Skills Communication, including through a newly proposed Skills Guarantee, the ESF+ should facilitate the skilling, job maintenance and quality job creation throughout the decarbonisation process by providing flexibilities to implementation. Particular consideration should be given to the specific needs and circumstances of less developed regions and rural areas, which should benefit from the green transition and to ensure their integration into the Union’s broader economic, social and environmental development. In accordance with Article 5(1),  second subparagraph, of Regulation (EU) 2021/1060, the ESF+ contributes to the specific objective of enabling regions and people to address the social, employment, economic and environmental impacts of the transition towards the Union’s 2030 targets for energy and climate and a climate-neutral economy of the Union by 2050, based on the Paris Agreement.

    __________________

    __________________

    6 COM (2025) 85 final

    6 COM (2025)0085

    Amendment  8

     

    Proposal for a regulation

    Recital 4

     

    Text proposed by the Commission

    Amendment

    (4) It is already possible, under ESF+, to support investments contributing to the objectives of the ‘Strategic Technologies for Europe Platform’ (STEP) established by Regulation (EU) 2024/795 of the European Parliament and of the Council7 which aims to strengthen the Union’s technological leadership. In order to further incentivise investments from the ESF+ in those critical fields, the possibility for Member States to receive a higher pre-financing for related programme amendments should be extended.

    (4) It is already possible, under ESF+, to support investments contributing to the objectives of the ‘Strategic Technologies for Europe Platform’ (STEP) established by Regulation (EU) 2024/795 of the European Parliament and of the Council7 which aims to strengthen the Union’s technological leadership and the development of skills. In order to further incentivise investments from the ESF+ in those critical fields, the possibility for Member States to receive a higher pre-financing for related programme amendments should be extended.

    __________________

    __________________

    7 Regulation (EU) 2024/795 of the European Parliament and of the Council of 29 February 2024 establishing the Strategic Technologies for Europe Platform (STEP), and amending Directive 2003/87/EC and Regulations (EU) 2021/1058, (EU) 2021/1056, (EU) 2021/1057, (EU) No 1303/2013, (EU) No 223/2014, (EU) 2021/1060, (EU) 2021/523, (EU) 2021/695, (EU) 2021/697 and (EU) 2021/241 (OJ L, 2024/795, 29.2.2024, ELI: http://data.europa.eu/eli/reg/2024/795/oj)

    7 Regulation (EU) 2024/795 of the European Parliament and of the Council of 29 February 2024 establishing the Strategic Technologies for Europe Platform (STEP), and amending Directive 2003/87/EC and Regulations (EU) 2021/1058, (EU) 2021/1056, (EU) 2021/1057, (EU) No 1303/2013, (EU) No 223/2014, (EU) 2021/1060, (EU) 2021/523, (EU) 2021/695, (EU) 2021/697 and (EU) 2021/241 (OJ L, 2024/795, 29.2.2024, ELI: http://data.europa.eu/eli/reg/2024/795/oj)

    Amendment  9

     

    Proposal for a regulation

    Recital 8 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (8a) Skills development and the training of young talent and entrepreneurs through incentives and targeted training are essential for job creation, and institutions working on skills creation and uptake should cooperate closely to align with labour market needs. Especially, vocational education and training institutes, given their direct links to the labour market and this should be supported through the ESF+.

    Amendment  10

     

    Proposal for a regulation

    Recital 5

     

    Text proposed by the Commission

    Amendment

    (5) In order to enable Member States to carry out a meaningful reprogramming and focus resources on strategic Union priorities set out in recitals 2, 3 and 4 without causing further delays in implementation, it is appropriate to provide for further flexibilities. The mid-term review should serve as an opportunity to address emerging strategic challenges and new priorities therefore, Member States should benefit from additional time to complete the assessment of the outcome of the mid-term review and the submission of related programme amendments

    (5) In order to enable Member States to carry out a meaningful and just reprogramming without losing focus on the main objectives of the fund and focus resources on strategic Union priorities set out in recitals 2, 3 and 4 without causing further delays in implementation, it is appropriate to provide for further flexibilities. The mid-term review should serve as an opportunity to address emerging strategic social challenges and new priorities therefore, Member States should benefit from additional time to complete the assessment of the outcome of the mid-term review and the submission of related programme amendments. While aligning with new Union priorities, diverting attention to global strategic challenges should not change the primary mission of the ESF+. The cohesion policy must remain firmly rooted in its core objective: reducing regional disparities.

    Amendment  11

     

    Proposal for a regulation

    Recital 6

     

    Text proposed by the Commission

    Amendment

    (6) In order to accelerate the implementation of cohesion policy programmes and alleviate the pressure on national budgets and to inject the necessary liquidity for the implementation of key investments, an additional one-off pre-financing from the ESF+ should be paid for programmes. Because of the adverse impact of the Russian aggression in Ukraine, the pre-financing percentage should be further increased for certain programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine. In order to incentivise the re-programming towards key priorities in the context of the mid-term review, the additional pre-financing should only be available where a certain threshold for the reallocation of financial resources to specific crucial priorities is reached.

    (6) NUTS2 regions bordering Russia, Belarus or Ukraine are disproportionate heavily impacted by Russian war of aggression, experiencing job losses, less economic activity and social exclusion. In order to accelerate the implementation of cohesion policy programmes and alleviate the pressure on national budgets and to inject the necessary liquidity for the implementation of key investments, an additional one-off pre-financing from the ESF+ should be paid for programmes. Because of the adverse impact of the Russian aggression in Ukraine, the pre-financing percentage should be further increased for certain programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine, with no specific conditions to reallocate financial resources of the programme to dedicated priorities.

    Amendment  12

     

    Proposal for a regulation

    Recital 8

     

    Text proposed by the Commission

    Amendment

    (8) It should also be possible to apply a maximum co-financing rate of up to 100% to priorities in programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine, given the adverse impact of the Russian aggression on those regions.

    (8) It should also be possible, while taking into account the current differentiation between categories of regions, to apply a maximum co-financing rate of up to 95% to programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine, given the adverse impact of the Russian aggression on those regions.

    Amendment  13

     

    Proposal for a regulation

    Recital 9

     

    Text proposed by the Commission

    Amendment

    (9) Since the objectives of this Regulation, namely to address strategic challenges, refocus investments on critical new priorities and simplify and accelerate policy delivery, cannot be sufficiently achieved by the Member States but can rather be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective.

    (9) Since the objectives of this Regulation, namely to address strategic social challenges, refocus investments on critical new priorities and simplify and accelerate policy delivery, cannot be sufficiently achieved by the Member States but can rather be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective.

    Amendment  14

    Proposal for a regulation

    Recital 9 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (9a) This Regulation has implications for the Union budget. Accordingly, the European Parliament’s Committee on Budgets adopted a budgetary assessment, which forms an integral part of Parliament’s mandate for negotiations.

    Amendment  15

     

    Proposal for a regulation

    Recital 11

     

    Text proposed by the Commission

    Amendment

    (11) [Given the urgent need to enable crucial investments in skills in the defence industry as well as in adaptation to change linked to decarbonisation in the context of pressing strategic geopolitical challenges, this Regulation should enter into force on the day following that of its publication in the Official Journal of the European Union,]

    (11) [Given the increased need to enable crucial investments in specific skills in the critical industries, including the defence industry, as well as in adaptation to change linked to decarbonisation in the context of pressing strategic geopolitical challenges, this Regulation should enter into force on the day following that of its publication in the Official Journal of the European Union,]

    Amendment  16

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 1 – subparagraph 1

     

    Text proposed by the Commission

    Amendment

    In 2026, the Commission shall pay 4,5 % of the total support from the ESF+ as set out in the decision approving the programme amendment as additional one-off pre-financing. The one-off pre-financing percentage in 2026 shall be increased to 9,5% for programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine, provided the programme does not cover the entire territory of the Member State. Where, in a Member State, NUTS 2 regions bordering Russia, Belarus or Ukraine are included exclusively in programmes covering the entire territory of that Member State, the increased pre-financing set out in this paragraph shall apply to those programmes.

    In 2026, the Commission shall pay 4,5 % of the total support from the ESF+ as set out in the decision approving the programme amendment as additional one-off pre-financing.

    Justification

    The minimum reprogramming threshold to be eligible to the 4,5% pre-financing should be lower as Member States should be incentivised to reprogramme to reasonable level. The one-off pre-financing for Eastern bordering regions should not be submitted to minimum reprogramming threshold taking into account the major challenges that these regions face, and the related subparagraph is moved in a new paragraph.

    Amendment  17

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 1 – subparagraph 2

     

    Text proposed by the Commission

    Amendment

    The additional pre-financing referred to in the first subparagraph of this paragraph shall only apply where reallocations of at least 15% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d have been approved; provided that the request for a programme amendment is submitted by 31 December 2025.

    The additional pre-financing shall only apply where reallocations of at least 10% of financial resources of the programme from the ESF+ to one or more dedicated priorities established in accordance with Articles 12a 12c and 12d have been approved and provided that the measures supporting the dedicated priorities established in accordance with Articles 12a, 12c and 12d target smaller beneficiaries and provided that the request for a programme amendment is submitted by 31 December 2025.

     

    For the purpose of calculating the total reallocations of the financial resources of the programme from the ESF+ to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d, as referred to in the first subparagraph, the Commission shall assess the measures and take into account only the measures responding to the strategic priorities identified.

    Amendment  18

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    1a. The one-off pre-financing percentage in 2026 shall be increased to 9,5% for programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine, provided that the programme does not cover the entire territory of the Member State. Where, in a Member State, NUTS 2 regions bordering Russia, Belarus or Ukraine are included exclusively in programmes covering the entire territory of that Member State, the increased pre-financing set out in this paragraph shall apply to those programmes. NUTS 2 regions bordering Russia, Belarus or Ukraine require special attention and exceptional support as they are often at the frontline of potential conflicts and they are vulnerable to external threats, making it crucial to supporting their resilience in countering hybrid attacks.

     

    The pre-financing due to the Member State which results from programme amendments pursuant to reallocation to the priorities referred to in the second subparagraph of this paragraph shall be counted as payments made in 2025 for the purposes of calculating the amounts to be de-committed in accordance with Article 105 of Regulation (EU) 2021/1060, provided that the request for programme amendment was submitted in 2025.

    Amendment  19

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU)2021/1057

    Article 5a – paragraph 1 b (new)

     

    Text proposed by the Commission

    Amendment

     

    1b. Before disbursing payment for the pre-financing pursuant to this Article, the Commission shall assess the Union’s overall budgetary situation, in particular with respect to the principle of the sustainability of the Union budget. Where, on the basis of that assessment, the Commission identifies a risk to the Union budget arising from paying the full pre-financing amount in 2026, the Commission is empowered to adopt a delegated act in accordance with Article 37 to provide for only part of the pre-financing amount to be disbursed to the Member States in 2026, with the remaining part disbursed in 2027.

    Amendment  20

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 2

     

    Text proposed by the Commission

    Amendment

    (2) By way of derogation from Article 63(2) and Article 105(2) of Regulation (EU) 2021/1060, the deadline for the eligibility of expenditure, the reimbursement of costs as well as for decommitment shall be 31 December 2030. That derogation shall only apply where programme amendments reallocating at least 15% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d of this Regulation in the context of the mid-term review have been approved.

    (2) By way of derogation from Article 63(2) and Article 105(2) of Regulation (EU) 2021/1060, the deadline for the eligibility of expenditure, the reimbursement of costs as well as for decommitment shall be 31 December 2030. That derogation shall only apply where programme amendments reallocating at least 10% of the ESF+ financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d of this Regulation in the context of the mid-term review have been approved.

    Justification

    The minimum reprogramming threshold to be eligible to the 4,5% pre-financing should be lower as Member States should be incentivised to reprogramme to reasonable level.

    Amendment  21

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 2 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (2a) When amending programmes, the Member States shall include, with the close and meaningful participation of social partners, for the dedicated priorities, obligations to the beneficiaries to respect working and employment conditions under applicable Union and national law, conventions of the International Labour Organization (ILO) and collective agreements.

    Justification

    In line with Articles 33 and 169 of the Financial Regulation.

    Amendment  22

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 3

     

    Text proposed by the Commission

    Amendment

    (3) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for priorities in programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine shall be 100 %. The higher co-financing rate shall not apply to programmes covering the entire territory of the Member State concerned, unless those regions are included only in programmes covering the entire territory of that Member State. The derogation shall only apply where reallocations of at least 15% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d of this Regulation in the context of the mid-term review have been approved, provided that the programme amendment is submitted by 31 December 2025.

    (3) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for priorities in programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine shall be 95 %. The higher co-financing rate shall not apply to programmes covering the entire territory of the Member State concerned, unless those regions are included only in programmes covering the entire territory of that Member State.

    Justification

    The 95% co-financing rate for Eastern bordering regions should not be submitted to minimum reprogramming threshold taking into account the major challenges that these regions face.

    Amendment  23

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 4

     

    Text proposed by the Commission

    Amendment

    (4) In addition to the assessment for each programme on the outcome of the mid-term review to be submitted in accordance with Article 18(2) of Regulation (EU) 2021/1060, Member States may resubmit a complementary assessment as well as related requests for programme amendments, taking into account the possibility for dedicated priorities in accordance with Articles 12a, 12c and 12d within 2 months of the entry into force of Regulation (EU) XXXX/XXXX [this Regulation]. The deadlines set out in Article 18 (3) of Regulation (EU) 2021/1060 shall apply.

    (4) In addition to the assessment for each programme on the outcome of the mid-term review to be submitted in accordance with Article 18(2) of Regulation (EU) 2021/1060, Member States may resubmit a complementary assessment as well as related requests for programme amendments, taking into account the possibility for dedicated priorities in accordance with Articles 12a 12c and 12d by 31 December 2025. The deadlines set out in Article 18 (3) of Regulation (EU) 2021/1060 shall apply.

    Justification

    Taking into account that a significant level of reprogramming is expected, Member States could need more time to provide a complementary assessment.

    Amendment  24

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 2

    Regulation (EU) 2021/1057

    Article 12a – paragraph 2 – subparagraph 1

     

    Text proposed by the Commission

    Amendment

    In addition to the pre-financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060, where the Commission approves an amendment of a programme including one or more priorities dedicated to operations supported by the ESF+ contributing to the STEP objectives referred to in Article 2 of Regulation (EU) 2024/795, it shall make an exceptional pre-financing of 30 % on the basis of the allocation to those priorities, provided that the programme amendment is submitted to the Commission by 31 December 2025. That exceptional pre-financing shall be paid within 60 days of the adoption of the Commission decision approving the programme amendment.;

    In addition to the pre-financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060, where the Commission approves an amendment of a programme including one or more priorities dedicated to operations supported by the ESF+ contributing to the STEP objectives referred to in Article 2 of Regulation (EU) 2024/795, it shall make an exceptional pre-financing of 30 % on the basis of the allocation to those priorities, provided that smaller beneficiaries have priority access to the funding and that the programme amendment is submitted to the Commission by 31 December 2025. That exceptional pre-financing shall be paid within 60 days of the adoption of the Commission decision approving the programme amendment;

    Amendment  25

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12c – title

     

    Text proposed by the Commission

    Amendment

    Support to the defence industry

    Support to skills in civil preparedness and the defence industry

    Amendment  26

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12 c – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) Member States may decide to programme support to development of skills in the defence industry under dedicated priorities. Such dedicated priorities may support any of the specific objectives set out in Article 4(1), points (a) to (l).

    (1) Member States may decide to programme support for the development of skills in the defence industry and cyber security under dedicated priorities, prioritising dual use capabilities related to civil defence and preparedness, provided that micro, small and medium- sized enterprises have priority access to the support. Such dedicated priorities may support any of the specific objectives set out in Article 4(1), points (a) to (g).

     

    In this context, Member States may allocate resources to attract young talent and entrepreneurs, particularly to rural or less developed regions, through incentives and targeted training.

    Amendment  27

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12c – paragraph 5

     

    Text proposed by the Commission

    Amendment

    (5) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for dedicated priorities referred to in paragraph 1 of this Article shall be 100%.

    (5) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for dedicated priorities referred to in paragraph 1 of this Article shall be increased by 10 percentage points above the co-financing rate applicable, not exceeding 100%.

    Amendment  28

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12d – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) Member States may decide to programme support aiming at skilling, up-skilling and re-skilling with a view to adaptation of workers, enterprises and entrepeneurs to change contributing to decarbonisation of production capacities under dedicated priorities. Such dedicated priorities may support any of the specific objectives set out in Article 4(1), points (a) to (l).

    (1) Member States may, after consulting the social partners at national level, decide to programme targeted support aiming at skilling, up-skilling and re-skilling and training with a view to adaptation of workers, enterprises and entrepreneurs in particular micro, small and medium-sized enterprises and the social economy to change contributing to decarbonisation of production capacities under dedicated priorities, with in the objective of maintaining competitiveness, sustainability and innovation during the green transition. Such dedicated priorities may support any of the specific objectives set out in Article 4(1), points (a) to (g).

     

    Member States may support promoting collaboration between different organisations, such as educational institutions who support skills development, provided that such measures support any of the specific objectives set out in Article(4), points (a) to (g).

     

    Resources allocated to the dedicated priority referred to in the first two subparagraphs of this paragraph shall be taken into account when ensuring compliance with the thematic concentration requirements as set out in Article 7.

    Amendment  29

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12d – paragraph 5

     

    Text proposed by the Commission

    Amendment

    (5) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for dedicated priorities referred to in paragraph 1 of this Article shall be 100%..

    (5) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for dedicated priorities referred to in paragraph 1 of this Article shall be increased by 10 percentage points above the co-financing rate applicable, not exceeding 100%.

    Amendment  30

     

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3 a (new)

    Regulation (EU) 2021/1057

    Article 12d a (new)

     

    Text proposed by the Commission

    Amendment

     

    (3a) the following article is inserted:

     

    Article 12da

     

    Guidance and administrative simplification

     

    The Commission shall publish, by … [60 days after the entry into force of Regulation (EU) XXXX/XXXX (this amending Regulation)], detailed guidelines, accompanied by a Q&A system, aiming to clarify the technical, legal and procedural implications of the measures adopted in Articles 5a, 12c and 12d. Those guidelines shall support the managing authorities in the uniform application of this Regulation, reducing the administrative burden and facilitating solutions to early doubts.

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur declares that she received input from the following entities or persons in the preparation of the report, prior to the adoption thereof in committee:

    Entity and/or person

    ETUC

    Social Platform

    Save the Children

    The list above is drawn up under the exclusive responsibility of the rapporteur.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur declares that she has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

     

    BUDGETARY ASSESSMENT OF THE COMMITTEE ON BUDGETS (18.6.2025)

    for the Committee on Employment and Social Affairs

    on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges

    (COM(2025)0164 – C10‑0064/2025 – 2025/0085(COD))

    Rapporteur for budgetary assessment: Jean‑Marc Germain 

    The Committee on Budgets has carried out a budgetary assessment of the proposal under Rule 58 of the Rules of Procedure and has reached the following conclusions:

    The Committee on Budgets,

    A. whereas the proposal does not modify existing budgetary commitments and remains within the limits of the overall allocations for the period 2021-2027 and is therefore budgetary neutral;

    B. whereas the combined effect of exceptional one-off 30 % pre-financing and 100 % co-financing on new EU priorities, as well as additional one-off pre-financing of 4.5 % (9.5 % for NUTS 2 regions that have borders with Russia, Belarus or Ukraine) for programmes that reallocate at least 15 % of their resources to the new priorities, leads to a partial frontloading of estimated payment appropriations of EUR 500 million in 2026, followed by lower payments in 2027;

    C. whereas the extension of the eligibility period by one year – from the end of 2029 to the end of 2030 – for programmes that reallocate at least 15 % of their total allocation to new specific objectives creates payments in 2030 and changes the applicable decommitment rule for 2027 from year n+2 to year n+3;

    Conclusions of the budgetary assessment 

    1. Determines that the proposal is compatible with the MFF Regulation[1]; notes that the proposed measures are voluntary and do not involve any top-up of the initial allocation available to Member States;

    2. Notes that the proposal requires additional human resources of EUR 376 000 per year in 2025, 2026 and 2027, for two establishment plan posts; notes that the additional needs will be covered by redeployment within the Directorate-General or other Commission services; notes, however, that the overall impact of redeployments within the Commission services has reached its limit;

    3. Determines that the proposal is compatible with the Interinstitutional agreement on budgetary discipline (IIA)[2]; notes, however, that re-programming in the context of the mid-term review is considered not to alter the contribution to climate targets as set out in point 16 of the IIA; underlines that allocating resources to new objectives, including for the competitiveness, preparedness and strategic autonomy of the EU, could lead to shifting resources from interventions with a higher coefficient for calculation of support to climate change objectives to interventions with a lower coefficient, thus potentially reducing the expenditure supporting climate objectives; invites the Commission to take preventive action to counter this risk; calls on the Commission to assess the impact of the revised plans on the shares of expenditure supporting climate objectives; notes also that the ‘do no significant harm’ principle should apply to all European investments in line with the applicable legislation;

    4. Considers that the proposal is compatible with the budgetary principles laid down in the Financial Regulation[3]; notes, however, that the pre-financing paid in 2026 will be counted as payments made in 2025 for the purposes of calculating the amounts to be decommitted, in particular as regards respect for the principle of annuality;

    5. Recalls the importance of the general regime of conditionality as set out in Article 6 of the Financial Regulation; urges the Commission and the Member States to ensure compliance with the Charter of Fundamental Rights of the European Union and to respect the Union values enshrined in Article 2 of the Treaty on European Union in the implementation of the budget;

    6. Notes that the Commission does not expect any implications for the budget for 2025 beyond the redeployment of existing human resources; expects the Commission to take into account the current proposal and the updated payment needs for the European Social Fund Plus (ESF+) in the budgetary procedure for 2026 following the actual re-programming by Member States and to keep Parliament informed in a timely manner of the progress of the mid-term review in the Member States; calls for a prudent approach to payment frontloading;

    Recommendations as regards budget implementation

    7. Notes that the proposal provides further flexibility and introduces incentives for Member States in the context of the mid-term review of cohesion policy to address strategic challenges that the EU is facing by redirecting resources to new EU priorities; underlines that cohesion policy should not be used again as a crisis response tool and maintains that this approach risks undermining its longer-term policy and investment objectives, including investments in regional development, skills, innovation and productivity; regrets that the Commission did not perform an impact assessment of the changes; acknowledges that the proposal offers a pragmatic, albeit unsatisfactory, way forward for dealing with insufficient budgetary flexibility and response capacity in the EU budget;

    8. Recalls that the ESF+ is an essential pillar of cohesion policy and its main objective is to support Member States and regions in achieving social inclusion and social cohesion, to activate the labour market and to deliver on the principles and the headline targets of the European Pillar of Social Rights by supporting investments in people and systems in the policy area of employment and social policies; highlights that the Member States should ensure safeguards in the regulatory framework to prevent the dismantling of the core objectives of cohesion policy; underlines the need to ensure that the implementation of the amended ESF+ Regulation[4] is accompanied by measures for simplification and strengthening of administrative capacities in order to drive investments in key sectors and increase the absorption rate;

    9. Underlines that the combined effect of reallocating a minimum of 15 % of resources and of lifting of the 20 % ceiling for transfer towards Strategic Technologies for Europe Platform (STEP) objectives may have a negative impact on the achievements of targets initially set in the ESF+ Regulation and could result in some initially planned actions for later years not materialising owing to a discontinuity in matching objectives with resources, while noting the need to adapt to new priorities, taking into account the recent geopolitical dynamics;

    10. Notes that payments to 2021-2027 cohesion policy programmes were of a very low level in the first years of implementation, leading to an increase in payment needs towards the later years; recalls that this actual payment cycle does not coincide with the more linear payment profile set out in the MFF Regulation[5] and that this situation results in a serious risk of exceeding payment ceilings; recalls that the gradual increase in payments towards the later part of the programming period is a feature of multiannual programmes; considers that the frontloading of payments towards 2026 could have an impact on the pressure on payments;

    11. Recalls that the STEP Regulation[6] and the RESTORE Amending Regulation of 2024 were accompanied by a frontloading of payment appropriations in the budgets for 2024 and for 2025; notes that the total amount of payment appropriations in the 2026 draft budget is very close to the payment ceiling and is concerned, in this respect, about the high level of uncertainty with regard to the volume of payment claims in 2026; highlights the difficulties in predicting the take-up of the newly introduced flexibilities and incentives and in estimating payment needs, as also underpinned by the ongoing trend of increasing inaccuracy of payment forecasts by Member States; calls on the Commission to closely monitor payment developments and provide timely information to Parliament in this regard, and to propose any remedial action to the budgetary authority if needed;

    12. Recalls that 100 % co-financing without additional resources leads to a lower total amount of financial support through the programme; insists that broadening the scope of investment must not lead to a reduction in financial support for the initial priorities of investing in employment, social services, inclusive education and skills, and of providing assistance to the most vulnerable, including children; recalls that mandatory co-financing is an important principle of cohesion policy funding;

    13. Requests that the Commission provide traceable information in the form of timely reports on transfers to ensure that the impact of the mid-term review is clearly identifiable for the budgetary authority;

    14. Calls on the Commission to maintain consistency in applying conditionality across all EU funding streams and insists that amendments in Parliament’s reading are essential to close any loophole; demands rigorous enforcement of conditionality mechanisms and explicitly rejects any reallocation of blocked cohesion policy funds if this would circumvent the rule-of-law-related requirements established in the Common Provisions Regulation[7]; underlines that rule of law conditionality is a fundamental principle that must apply to all EU funds without exception;

    15. Considers that the actual take-up of the proposal may depend on various factors, such as the effectiveness of the 15 % re-allocation threshold and the availability of more favourable funding options under other Union programmes; considers that the proposed condition of the reallocation of at least 15 % of the funds to new priorities may be too high and unsuitable for single national programmes, as it could create implementation complications; highlights the importance of preventing double financing and calls on the Member States and the Commission to ensure that support for new types of investment is in addition to support under other Union programmes, including the EDF, EDIP and SAFE;

    16. Notes that the mid-term review may reduce the amount of funds at risk of decommitment; recalls that an amount equivalent to the cumulative decommitments made on outstanding commitments since 2021 can be made available for the European Union Recovery Instrument (EURI); asks the Commission to provide further analysis of the impact of the mid-term review on the EURI instrument.

     

     

    AMENDMENT

     

    As part of its budgetary assessment, the Committee on Budgets also submits the following amendment to the proposal:

     

    Amendment  1

    Proposal for a regulation

    Recital [9] a (new)

     

    Text proposed by the Commission

    Amendment

     

    ([9]a) This Regulation has implications for the Union budget. Accordingly, the European Parliament’s Committee on Budgets adopted a budgetary assessment, which forms an integral part of Parliament’s mandate for negotiations.

     

     

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR FOR BUDGETARY ASSESSMENT HAS RECEIVED INPUT

    The rapporteur for budgetary assessment declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

    PROCEDURE – COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    Title

    Amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges

    References

    COM(2025)0164 – C10-0064/2025 – 2025/0085(COD)

    Committee(s) responsible

    EMPL

     

     

     

    Budgetary assessment by

     Date announced in plenary

    BUDG

    5.5.2025

    Rapporteur for budgetary assessment

     Date appointed

    Jean-Marc Germain

    12.5.2025

    Discussed in committee

    5.6.2025

     

     

     

    Date adopted

    16.6.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    24

    6

    3

    Members present for the final vote

    Georgios Aftias, Rasmus Andresen, Tomasz Buczek, Jens Geier, Thomas Geisel, Jean-Marc Germain, Sandra Gómez López, Andrzej Halicki, Alexander Jungbluth, Giuseppe Lupo, Ignazio Roberto Marino, Siegfried Mureşan, Jana Nagyová, Fernando Navarrete Rojas, Matjaž Nemec, Danuše Nerudová, Ruggero Razza, Karlo Ressler, Bogdan Rzońca, Hélder Sousa Silva, Joachim Streit, Carla Tavares, Nils Ušakovs, Lucia Yar, Auke Zijlstra

    Substitutes present for the final vote

    Pablo Arias Echeverría, Roman Haider, Céline Imart, Rasmus Nordqvist, Jacek Protas, Annamária Vicsek

    Members under Rule 216(7) present for the final vote

    Benoit Cassart, Andi Cristea

     

     

    FINAL VOTE BY ROLL CALL
    IN COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    24

    +

    PPE

    Georgios Aftias, Pablo Arias Echeverría, Andrzej Halicki, Céline Imart, Siegfried Mureşan, Fernando Navarrete Rojas, Danuše Nerudová, Jacek Protas, Karlo Ressler, Hélder Sousa Silva

    Renew

    Benoit Cassart, Joachim Streit, Lucia Yar

    S&D

    Andi Cristea, Jens Geier, Jean-Marc Germain, Sandra Gómez López, Giuseppe Lupo, Matjaž Nemec, Carla Tavares, Nils Ušakovs

    Verts/ALE

    Rasmus Andresen, Ignazio Roberto Marino, Rasmus Nordqvist

     

    6

    –

    ESN

    Alexander Jungbluth

    NI

    Thomas Geisel

    PfE

    Tomasz Buczek, Roman Haider, Annamária Vicsek, Auke Zijlstra

     

    3

    0

    ECR

    Ruggero Razza, Bogdan Rzońca

    PfE

    Jana Nagyová

     

    Key to symbols:

    + : in favour

    – : against

    0 : abstention

     

     

    OPINION OF THE COMMITTEE ON SECURITY AND DEFENCE (17.6.2025)

    for the Committee on Employment and Social Affairs

    on the proposal for a regulation of the European Parliament and of the Council on Amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges

    ((COM(2025)0164 – C10‑0064/2025 – (2025/0085(COD))

    Rapporteur for opinion: Urmas Paet

     

     

     

    AMENDMENTS

    The Committee on Security and Defence submits the following to the Committee on Employment and Social Affairs, as the committee responsible:

    Amendment  1

    Proposal for a regulation

    Recital 2

     

    Text proposed by the Commission

    Amendment

    (2) The White paper for European Defence – Readiness 20303 paves the way for a true European defence union, including by suggesting to Member States to heavily invest into defence and the defence industry. In that regard, the Communication from the Commission – the Union of Skills of 5 March 20254 (‘the Union of Skills Communication’) sets out actions to address skills gaps and shortages in the Union, also through the Pact for Skills Initiative referred to in that Communication, and its large-scale partnerships, including one on the defence ecosystem. Therefore, it is appropriate to include incentives for the ESF+ established by Regulation (EU) 2021/1057 of the European Parliament and of the Council5 to facilitate the development of skills in the defence industry.

    (2) The White paper for European Defence – Readiness 2030 of 19 March 2025 paves the way for a true European defence union, including by suggesting to Member States to heavily invest into defence and the defence industry. Investment in defence and security-related skills covering dual use and transferable skills contributes not only to European defence resilience but also to territorial cohesion. In that regard, the Communication from the Commission – the Union of Skills of 5 March 20254 (‘the Union of Skills Communication’) sets out actions to address skills gaps and shortages in the Union, also through the Pact for Skills Initiative referred to in that Communication, and its large-scale partnerships, including one on the defence ecosystem. Furthermore, lifelong learning programmes and initiatives should promote continuous development and adaptation to emerging technologies and defence needs. Moreover, in the European Defence Industrial Strategy of 5 March 2024, the Commission set the priority of the full integration of defence and security as a strategic objective of relevant Union funding and programmes, including ESF+. Therefore, it is appropriate to include incentives for the ESF+ established by Regulation (EU) 2021/1057 of the European Parliament and of the Council5 to facilitate the development of skills in the European defence industry, in particular to address skills gaps and shortages directly related to the ability to address the critical capability gaps set out in the White paper. Defence industry should be understood as the industries producing defence products, their respective supply chains, and industries which develop and produce dual-use goods.

    __________________

    __________________

    3 Joint White Paper for European Defence Readiness 2030, JOIN(2025) 120 final, 19.3.2025.

     

    4 COM (2025) 90 final

    4 COM (2025) 90 final

    5 Regulation (EU) 2021/1057 of the European Parliament and of the Council of 24 June 2021 establishing the European Social Fund Plus (ESF+) and repealing Regulation (EU) No 1296/2013 (OJ L 231, 30.6.2021, p. 21, ELI: http://data.europa.eu/eli/reg/2021/1057/oj).

    5 Regulation (EU) 2021/1057 of the European Parliament and of the Council of 24 June 2021 establishing the European Social Fund Plus (ESF+) and repealing Regulation (EU) No 1296/2013 (OJ L 231, 30.6.2021, p. 21, ELI: http://data.europa.eu/eli/reg/2021/1057/oj).

    Amendment  2

    Proposal for a regulation

    Recital 2 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (2a) In accordance with Article 7 of Regulation (EU) 2021/1057 , Member States should promote synergies and avoid duplications between actions arising for dedicated priorities referred to in Article 12c and actions resulting from other Union programmes that benefit the defence industry.

    Amendment  3

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 1 – subparagraph 1

     

    Text proposed by the Commission

    Amendment

    In 2026, the Commission shall pay 4,5 % of the total support from the ESF+ as set out in the decision approving the programme amendment as additional one-off pre-financing. The one-off pre-financing percentage in 2026 shall be increased to 9,5% for programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine, provided the programme does not cover the entire territory of the Member State. Where, in a Member State, NUTS 2 regions bordering Russia, Belarus or Ukraine are included exclusively in programmes covering the entire territory of that Member State, the increased pre-financing set out in this paragraph shall apply to those programmes.

    In 2026, the Commission shall pay 4,5 % of the total support from the ESF+ as set out in the decision approving the programme amendment as additional one-off pre-financing. The one-off pre-financing percentage in 2026 shall be increased to 9,5% for programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine, provided the programme does not cover the entire territory of the Member State. Where, in a Member State, NUTS 2 regions bordering Russia, Belarus or Ukraine are included exclusively in programmes covering the entire territory of that Member State, the increased pre-financing set out in this paragraph shall apply to those programmes. NUTS 2 regions bordering Russia, Belarus or Ukraine require special attention and exceptional support as they are often at the frontline of potential conflicts and they are vulnerable to external threats, making it crucial to support their resilience in countering hybrid attacks, breaches of the Union’s external borders, terrorist activities and war.

    Amendment  4

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 1 – subparagraph 2

     

    Text proposed by the Commission

    Amendment

    The additional pre-financing referred to in the first subparagraph of this paragraph shall only apply where reallocations of at least 15% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d have been approved; provided that the request for a programme amendment is submitted by 31 December 2025.

    The additional pre-financing referred to in the first subparagraph of this paragraph shall only apply where reallocations of at least 5% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d have been approved; provided that the request for a programme amendment is submitted by 31 December 2025.

    Amendment  5

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 2

     

    Text proposed by the Commission

    Amendment

    (2) By way of derogation from Article 63(2) and Article 105(2) of Regulation (EU) 2021/1060, the deadline for the eligibility of expenditure, the reimbursement of costs as well as for decommitment shall be 31 December 2030. That derogation shall only apply where programme amendments reallocating at least 15% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d of this Regulation in the context of the mid-term review have been approved.

    (2) By way of derogation from Article 63(2) and Article 105(2) of Regulation (EU) 2021/1060, the deadline for the eligibility of expenditure, the reimbursement of costs as well as for decommitment shall be 31 December 2030. That derogation shall only apply where programme amendments reallocating at least 5% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d of this Regulation in the context of the mid-term review have been approved.

    Amendment  6

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 2a (new)

     

    Text proposed by the Commission

    Amendment

     

    (2a) The Member States shall work closely with social partners, when reprogramming, and respect working and employment conditions  under applicable ILO conventions, Union and national law and collective agreements.

    Amendment  7

    Proposal for a regulation

    Article 1 – paragraph 1 – point 1

    Regulation (EU) 2021/1057

    Article 5a – paragraph 3

     

    Text proposed by the Commission

    Amendment

    (3) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for priorities in programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine shall be 100 %. The higher co-financing rate shall not apply to programmes covering the entire territory of the Member State concerned, unless those regions are included only in programmes covering the entire territory of that Member State. The derogation shall only apply where reallocations of at least 15% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d of this Regulation in the context of the mid-term review have been approved, provided that the programme amendment is submitted by 31 December 2025.

    (3) By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rate for priorities in programmes covering one or more NUTS2 regions bordering Russia, Belarus or Ukraine shall be 100 %. The higher co-financing rate shall not apply to programmes covering the entire territory of the Member State concerned, unless those regions are included only in programmes covering the entire territory of that Member State. The derogation shall only apply where reallocations of at least 5% of the financial resources of the programme to one or more dedicated priorities established in accordance with Articles 12a, 12c and 12d of this Regulation in the context of the mid-term review have been approved, provided that the programme amendment is submitted by 31 December 2025.

    Amendment  8

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12c – title

     

    Text proposed by the Commission

    Amendment

    Support to the defence industry

    Support European defence industry and cybersecurity

    Amendment  9

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12c – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) Member States may decide to programme support to development of skills in the defence industry under dedicated priorities. Such dedicated priorities may support any of the specific objectives set out in Article 4(1), points (a) to (l).

    (1) Member States may decide to programme support to development of skills in the defence industry and related cybersecurity, as well as in skills related to civil defence and preparedness under dedicated priorities to meet urgent needs. Such dedicated priorities may support any of the specific objectives set out in Article 4(1), points (a) to (l). This support may include actions that promote the recognition of skills acquired during military service and facilitate their conversion into qualifications recognised on the civilian labour market.

    Amendment  10

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12c – paragraph 3 – subparagraph 1

     

    Text proposed by the Commission

    Amendment

    In addition to the yearly pre-financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060, the Commission shall pay 30% of the allocation to the dedicated priorities referred to in paragraph 1 of this Article as set out in the decision approving the programme amendment as exceptional one-off pre-financing.

    In addition to the yearly pre-financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060, the Commission shall pay 35% of the allocation to the dedicated priorities referred to in paragraph 1 of this Article as set out in the decision approving the programme amendment as exceptional one-off pre-financing.

    Amendment  11

    Proposal for a regulation

    Article 1 – paragraph 1 – point 3

    Regulation (EU) 2021/1057

    Article 12c – paragraph 5a (new)

     

    Text proposed by the Commission

    Amendment

     

    (5a) When allocating funds to dedicated priorities pursuant to paragraph 1, Member States shall ensure that those funds contribute to the Member States’ ability to address critical capability gaps set out in the White Paper for European Defence – Readiness 2030.

     

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The rapporteur for the opinion declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

    PROCEDURE – COMMITTEE ASKED FOR OPINION

    Title

    Amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges

    References

    COM(2025)0164 – C10-0064/2025 – 2025/0085(COD)

    Committee(s) responsible

    EMPL

     

     

     

    Opinion by

     Date announced in plenary

    SEDE

    5.5.2025

    Rapporteur for the opinion

     Date appointed

    Urmas Paet

    14.5.2025

    Discussed in committee

    3.6.2025

     

     

     

    Date adopted

    16.6.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    31

    8

    4

    Members present for the final vote

    Petras Auštrevičius, Wouter Beke, Marc Botenga, Tobias Cremer, Salvatore De Meo, Özlem Demirel, Elio Di Rupo, Michał Dworczyk, Alberico Gambino, Niclas Herbst, Costas Mavrides, Vangelis Meimarakis, Ana Catarina Mendes, Sven Mikser, Hans Neuhoff, Andrey Novakov, Kostas Papadakis, Nicolás Pascual de la Parte, Reinis Pozņaks, Marjan Šarec, Mārtiņš Staķis, Marie-Agnes Strack-Zimmermann, Michał Szczerba, Riho Terras, Pierre-Romain Thionnet, Mihai Tudose, Reinier Van Lanschot, Roberto Vannacci, Michael von der Schulenburg, Alexandr Vondra, Lucia Yar

    Substitutes present for the final vote

    José Cepeda, Bart Groothuis, Marina Mesure, Thijs Reuten, Hélder Sousa Silva, Villy Søvndal, Petra Steger, Claudiu-Richard Târziu, Matej Tonin, Marta Wcisło

    Members under Rule 216(7) present for the final vote

    Anna Bryłka, Tomasz Buczek

     

    FINAL VOTE BY ROLL CALL
    BY THE COMMITTEE ASKED FOR OPINION

    31

    +

    ECR

    Michał Dworczyk, Alberico Gambino, Reinis Pozņaks, Claudiu-Richard Târziu, Alexandr Vondra

    PPE

    Wouter Beke, Salvatore De Meo, Niclas Herbst, Vangelis Meimarakis, Andrey Novakov, Nicolás Pascual de la Parte, Hélder Sousa Silva, Michał Szczerba, Riho Terras, Matej Tonin, Marta Wcisło

    PfE

    Pierre-Romain Thionnet

    Renew

    Petras Auštrevičius, Bart Groothuis, Marjan Šarec, Marie-Agnes Strack-Zimmermann, Lucia Yar

    S&D

    José Cepeda, Tobias Cremer, Elio Di Rupo, Costas Mavrides, Ana Catarina Mendes, Sven Mikser, Thijs Reuten, Mihai Tudose

    Verts/ALE

    Mārtiņš Staķis

     

    8

    –

    ESN

    Hans Neuhoff

    NI

    Kostas Papadakis, Michael von der Schulenburg

    PfE

    Petra Steger, Roberto Vannacci

    The Left

    Marc Botenga, Özlem Demirel, Marina Mesure

     

    4

    0

    PfE

    Anna Bryłka, Tomasz Buczek

    Verts/ALE

    Villy Søvndal, Reinier Van Lanschot

     

    Key to symbols:

    + : in favour

    – : against

    0 : abstention

    LETTER OF THE COMMITTEE ON REGIONAL DEVELOPMENT (25.6.2025)

    Ms Li Andersson

    Chair

    Committee on Employment and Social Affairs

    BRUSSELS

    Subject: Opinion on Amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges (2025/0085(COD) – COM(2025)0164 – C10-0064/2025)

     

     

    Dear Ms Andersson,

     

    Under the procedure referred to above, the Committee on Regional Development was asked to submit an opinion to your Committee.

     

    At its meeting of 9 April 2025, REGI committee decided to send the opinion in the form of a letter. It discussed the matter at its meeting of 13 May 2025 and adopted the opinion at its meeting of 25 June 2025[8].

     

    The Committee on Regional Development:

     

    1. Underlines the crucial role that cohesion policy and sectoral programmes, in spite of the fact that they are not crisis management instruments, have repeatedly and efficiently played in helping regions to respond effectively to emergencies and asymmetric shocks such as the COVID-19 crisis, Brexit, the energy crisis and the refugee crisis caused by Russia’s invasion of Ukraine, as well as natural disasters;

     

    2. Is aware of the rapidly evolving economic, societal, environmental and geopolitical context, as well as the housing crisis, and shares the need for more flexibility in assessing the extent to which cohesion policy programmes can help respond to these changes; nevertheless is of the firm opinion that the capacity to offer flexible responses to unpredictable challenges should not come at the expense of the clear long-term strategic focus and objectives of cohesion policy, in accordance with Article 174 TFEU;

     

    3. Reiterates that ESF+ stands as positive example of EU solidarity and that its main objective is to support Member States and regions to achieve social inclusion, social cohesion, to activate the labour market and to deliver on the principles and the headline targets of the European Pillar of Social Rights that are far from met yet; stresses that the reprogramming of resources under the ESF+ should ensure that adjustment measures in response to strategic challenges do not undermine its social approach, but strengthen its capacity to combat inequality;

     

    4. Underlines the fact that cohesion policy shall first and foremost ensure social cohesion, not defence spending; nonetheless acknowledges that flexibility of the policy from the point of view of the beneficiaries is a key point, and stresses the need to provide regions with greater flexibility already when programming the funding, in order to cater for their particular needs and specificities, particularly border regions; furthermore acknowledges that investment in defence capabilities through the development of skills and training, while safeguarding social standards, is already possible under the ESF+ established by Regulation (EU) 2021/1057;

     

    5. Acknowledges that investment in defence capabilities and in adaptation linked to decarbonisation makes a key contribution to the promotion of the competitiveness, preparedness and strategic autonomy of the EU, and requires having people with the right skills; in general, recognises the importance of the development of skills through lifelong learning and training models, targeted in particular at young people not in education, employment and training (NEET) and unemployed people, and targeted also at teachers, trainers, mentors, coaches, as well as entrepreneurs and researchers; encourages in this regard private sector involvement to enhance skills development and labour market integration, ensuring that ESF+ investments translate into tangible economic benefits; calls for stronger partnerships between businesses, educational institutions, and regional authorities to align training programs with labour market demands, fostering innovation and job creation;

     

    6. Stresses the strategic importance of strong external border regions for the security and resilience of the EU; welcomes the focus given by the legislative proposal to the challenges the Eastern border regions are facing since the Russian aggression against Ukraine began; supports the proposal that programmes under the Investment for jobs and growth goal, with NUTS 2 regions that have borders with Russia, Belarus or Ukraine, should benefit from the possibility of a one-off 9.5% pre-financing of the programme allocation in 2026 and a 100% Union financing;

     

    7. Reaffirms that cohesion policy and ESF+ should reach all EU regions, especially those affected by transformation processes, while keeping a focus on least developed regions and people; stresses that cohesion policy should be deepened where possible, with a view to remain the EU’s main long-term investment instrument for reducing disparities, ensuring economic, social and territorial cohesion, and stimulating regional and local sustainable growth in line with EU strategies;

     

    8. Reiterates the importance of compliance with horizontal enabling conditions, and stresses that funds suspended under Regulation 2020/2092 should not be subject to amended programmes or transfers;

     

    9. Encourages the European Commission to allow for targeted simplification measures in Member States where administrative capacity constraints may hinder full or efficient absorption of ESF+ and cohesion funds, and to provide technical assistance to local and regional authorities to ensure efficient implementation and spending; furthermore stresses the importance of simplifying the rules and procedures to limit bureaucratic burden;

     

    10. Believes that the ESF+ strengthens a pro-European identity in the entire EU and should be communicated as such and that local and regional authorities, in light of their role as both beneficiary and managing authority, as well as social partners shall be meaningfully involved in the formulation of new legislative proposals and in the revision of programmes pursuant to the mid-term review, in order to guarantee more effectiveness and coordination between the ESF+ and the broader cohesion and regional policy and its financing tools;

     

    11. Suggests laying down measures to facilitate access for Outermost Regions to flexibilities introduced by the mid-term review, such as lowering to 10% the amounts of reallocations to one or more dedicated priorities established in the second subparagraph of Art. 5a(1), and in the first subparagraph of Art. 5a(2), which are required to benefit from the additional one-off pre-financing.

     

     

    Yours sincerely,

    Dragoş BENEA

     

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The Chair declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

     

    PROCEDURE – COMMITTEE RESPONSIBLE

    Title

    Amending Regulation (EU) 2021/1057 establishing the European Social Fund + (ESF+) as regards specific measures to address strategic challenges

    References

    COM(2025)0164 – C10-0064/2025 – 2025/0085(COD)

    Date submitted to Parliament

    2.4.2025

     

     

     

    Committee(s) responsible

     Date announced in plenary

    EMPL

    5.5.2025

     

     

     

    Committees asked for opinions

     Date announced in plenary

    SEDE

    5.5.2025

    BUDG

    5.5.2025

    ITRE

    5.5.2025

    REGI

    5.5.2025

    Not delivering opinions

     Date of decision

    ITRE

    9.4.2025

     

     

     

    Rapporteurs

     Date appointed

    Marit Maij

    8.5.2025

     

     

     

    Simplified procedure – date of decision

    5.5.2025

    Budgetary assessment

     Date of budgetary assessment

    BUDG

    16.6.2025

     

     

     

    Discussed in committee

    13.5.2025

     

     

     

    Date adopted

    25.6.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    32

    15

    11

    Members present for the final vote

    Maravillas Abadía Jover, Grégory Allione, Marc Angel, Pascal Arimont, Konstantinos Arvanitis, Nikola Bartůšek, Gabriele Bischoff, Vilija Blinkevičiūtė, Rachel Blom, Andrzej Buła, David Casa, Estelle Ceulemans, Leila Chaibi, Per Clausen, Henrik Dahl, Johan Danielsson, Marie Dauchy, Mélanie Disdier, Elena Donazzan, Gheorghe Falcă, Chiara Gemma, Niels Geuking, Isilda Gomes, Alicia Homs Ginel, Sérgio Humberto, Katrin Langensiepen, Miriam Lexmann, Marit Maij, Marlena Maląg, Jagna Marczułajtis-Walczak, Idoia Mendia, Maria Ohisalo, Branislav Ondruš, Aodhán Ó Ríordáin, Nicola Procaccini, Dennis Radtke, Nela Riehl, Liesbet Sommen, Villy Søvndal, Pál Szekeres, Georgiana Teodorescu, Jana Toom, Raffaele Topo, Francesco Torselli, Brigitte van den Berg, Marie-Pierre Vedrenne, Marianne Vind, Mariateresa Vivaldini, Petar Volgin, Jan-Peter Warnke, Séverine Werbrouck

    Substitutes present for the final vote

    Regina Doherty, Rosa Estaràs Ferragut, Kathleen Funchion, Rudi Kennes, Hristo Petrov

    Members under Rule 216(7) present for the final vote

    Mireia Borrás Pabón, Paulo Do Nascimento Cabral

    Date tabled

    30.6.2025

     

    FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

    32

    +

    ECR

    Georgiana Teodorescu

    PPE

    Maravillas Abadía Jover, Pascal Arimont, Andrzej Buła, David Casa, Henrik Dahl, Regina Doherty, Paulo Do Nascimento Cabral, Rosa Estaràs Ferragut, Gheorghe Falcă, Niels Geuking, Sérgio Humberto, Jagna Marczułajtis-Walczak, Dennis Radtke, Liesbet Sommen

    Renew

    Grégory Allione, Hristo Petrov, Jana Toom, Brigitte van den Berg, Marie-Pierre Vedrenne

    S&D

    Marc Angel, Gabriele Bischoff, Vilija Blinkevičiūtė, Estelle Ceulemans, Johan Danielsson, Isilda Gomes, Alicia Homs Ginel, Marit Maij, Idoia Mendia, Aodhán Ó Ríordáin, Raffaele Topo, Marianne Vind

     

    15

    –

    ESN

    Petar Volgin

    NI

    Branislav Ondruš, Jan-Peter Warnke

    PfE

    Nikola Bartůšek, Rachel Blom, Mireia Borrás Pabón, Marie Dauchy, Mélanie Disdier, Pál Szekeres, Séverine Werbrouck

    The Left

    Konstantinos Arvanitis, Leila Chaibi, Per Clausen, Kathleen Funchion, Rudi Kennes

     

    11

    0

    ECR

    Elena Donazzan, Chiara Gemma, Marlena Maląg, Nicola Procaccini, Francesco Torselli, Mariateresa Vivaldini

    PPE

    Miriam Lexmann

    Verts/ALE

    Katrin Langensiepen, Maria Ohisalo, Nela Riehl, Villy Søvndal

     

    Key to symbols:

    + : in favour

    – : against

    0 : abstention

     

     

    MIL OSI Europe News –

    July 1, 2025
  • MIL-OSI: Virtune announces the listing of Virtune Coinbase 50 Index ETP, its flagship product, on Euronext Amsterdam

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, July 1st, 2025 – Virtune AB, the Swedish regulated crypto asset manager, today announced the listing of Virtune Coinbase 50 Index ETP (VCOIN50) on Euronext Amsterdam. The exchange-traded product (ETP) is now available to investors in the Netherlands through brokers and banks such as Degiro.

    Virtune has experienced sustained demand for digital assets from both institutional and retail investors across the Nordic and European regions since the launch of its first ETP around two years ago, earning the trust of over 140,000 investors. Building on this momentum, the VCOIN50 ETP – which was also listed on Xetra on June 2 – now marks another key milestone with its listing on Euronext Amsterdam (Euronext ticker: VRTC), further advancing Virtune’s expansion into the European market. Coinbase is serving as the custodian for VCOIN50.

    Virtune has made history as the first company to list a crypto Exchange Traded Product (ETP) tracking the Coinbase 50 Europe index, developed by Coinbase, a trusted and global leader in crypto services and administered by MarketVector IndexesTM (“MarketVector”), a leading global index provider.

    This ETP represents several key firsts for European financial markets:

    • First ever ETP to track the Coinbase 50 Europe Index
    • The widest crypto ETP in Europe containing up to 50 crypto assets 

    About Virtune Coinbase 50 Index ETP:

    Virtune Coinbase 50 Index ETP is a physically-backed exchange-traded product (ETP) tracking the Coinbase 50 Europe Index, the premier global benchmark index for digital assets. Currently, VCOIN50 ETP offers exposure to 21 crypto assets that are compliant with market-specific regulatory and exchange-specific policies. Virtune’s expansion to include all 50 assets in the COIN50 is subject to regulatory and stock exchange approvals. The ETP provides exposure to up to 50 leading crypto assets and is rebalanced quarterly. The product features a transparent structure backed by physical holdings and secured with institutional-level solutions.

    Allocation as of 30th of June 2025:
    https://www.virtune.com/product/vcoin50

    About Virtune:

    Virtune is a Swedish-regulated crypto asset manager and issuer of 100% physically backed crypto ETPs. The company has experienced rapid growth in the Nordics since listing its first crypto ETP on Nasdaq Stockholm in May 2023. Today, Virtune manages $340 million in assets under management and has earned the trust of over 140,000 institutional and retail investors. Since its inception, Virtune has prioritized investor protection, and its success stems from its transparent, regulated approach and strong commitment to innovation and educating the market about crypto assets and ETPs.

    Christopher Kock, CEO of Virtune:

    “We have worked closely with Coinbase since our inception, leveraging their industry-leading custody, trading, and staking services across all our ETPs. Following the successful launch of the COIN50 ETP, we are proud to now bring this product to a broader European audience through its cross-listing on Euronext Amsterdam. COIN50, designed as the crypto market’s equivalent of the S&P 500, aims to become the leading global crypto benchmark. This ETP provides both institutional and retail investors with diversified exposure to the crypto market – crafted by industry experts with deep experience and insight.”

    About Coinbase:

    Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Europe, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the EU. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    About MarketVector:

    MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    • Exposure: Exposure to up to 50 leading crypto assets in one product
    • Backing: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management Fee: 0.95% per annum
    • Trading currency: USD, EUR
    • First day of trading on Euronext: Monday, 30th of June 2025
    • BloombergTicker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VRTC
    • Exchanges: Euronext Amsterdam, Euronext Paris, Xetra

    For questions, contact:

    Christopher Kock, CEO & Member of the Board of Directors
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):

    Headquartered in Stockholm, Virtune is a regulated Swedish digital asset manager and issuer of crypto ETPs listed on regulated European exchanges. With strong regulatory foundations, partnerships with industry leaders, and a skilled team, Virtune delivers innovative and compliant investment products aligned with the evolving global crypto landscape.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE. 

    The MIL Network –

    July 1, 2025
  • MIL-OSI Africa: Advisor to Prime Minister and Official Spokesperson for Ministry of Foreign Affairs: Qatar in Contact with All Parties to Reach a Broader Nuclear Agreement with Iran

    Source: Government of Qatar

    Doha, June 30 (QNA) – Advisor to the Prime Minister and Official Spokesperson for the Ministry of Foreign Affairs Dr. Majed bin Mohammed Al Ansari has affirmed that the State of Qatar is deeply involved in efforts to reach an agreement on the Iranian nuclear issue, especially after the ceasefire between Israel and Iran and the end of the escalation witnessed in the region.

    He said that there are currently no talks on a ceasefire in Gaza.

    During the weekly media briefing organized by the Ministry of Foreign Affairs, Al Ansari said Qatari interest, as well as that of various countries around the world, is now directed towards reaching a broader, more comprehensive nuclear agreement between Iran and the United States of America, noting that Qatari contacts are ongoing daily between various parties in this regard.

    He added there are no talks about a ceasefire in the Gaza Strip, but the State of Qatar, along with its mediation partners, the Arab Republic of Egypt and the United States, continue to communicate with various parties to reach a formula that will enable us to return to negotiations.

    The Advisor to the Prime Minister and Spokesperson for the Ministry of Foreign Affairs condemned the humanitarian catastrophe in Gaza in light of the current Israeli escalation, saying, it has become very difficult for us, as an international community, to accept that this crisis continues for nearly two years, and that these human losses remain insignificant figures in the media.

    He said that more than 500 martyrs have fallen so far as a result of standing in lines waiting for aid, noting that there are very disturbing reports published in the Israeli press, speaking of orders issued to Israeli soldiers to open fire against unarmed individuals who were standing regularly waiting to receive humanitarian aid.

    He emphasized that this catastrophe has exceeded all possible limits from a humanitarian standpoint, emphasizing that it is unacceptable to continue linking the humanitarian aspect with the security aspect in this context.

    He noted that the state is continuing its contacts with various parties with the aim of reaching a new mechanism, which is difficult to comment on at this time.

    He stressed that this process is constructive and ongoing, and is subject to formulas that are being developed based on developments on the ground.

    In a related context, Al Ansari explained that the State of Qatar sees positive American positions to push for a return to negotiations on Gaza, saying in this regard the US administration has brought us to the longest ceasefire during this war.

    We also saw how the US administration led to a ceasefire between Iran and Israel and obligated both parties to abide by it.

    Today, we see renewed, positive language coming from the United States to reach an agreement, and therefore we are very optimistic about this language.

    We believe that there are very clear American intentions regarding a final resolution to this crisis.

    However, there are complications on the ground that are evident to everyone, he added.

    He emphasized that the State of Qatar will continue to pressure, through its partners and relations in the international community, to separate negotiations from the entry of humanitarian aid, saying there is nothing preventing the entry of aid into the Gaza Strip except Israeli intransigence, and therefore the Israeli position today cannot be accepted. 

    Advisor to the Prime Minister and Official Spokesperson for the Ministry of Foreign Affairs Dr. Majed bin Mohammed Al Ansari pointed out that the entire world sends humanitarian aid, but it does not enter the Gaza Strip.

    Qatar’s humanitarian aid, like international aid, is only a few meters away from reaching those in need, as it is in the Egyptian city of El Arish.

    He called on the international community to compel Israel to open all crossings and allow aid into the Strip without any restrictions or conditions.

    Al Ansari said the system of international agencies and institutions is present on the borders of the Gaza Strip, and it was clearly functioning and did not lead to the humanitarian tragedy we see today in the delivery of aid.

    This system can achieve its goals and is ready to be implemented immediately once the Israeli side allows it, he said.

    He reiterated that there is no specific timeframe for announcing a ceasefire in the Gaza Strip, especially since the ongoing discussions have not yet got to the level they reached previously, and the accumulated language does not indicate the possibility of reaching an agreement now.

    Al Ansari noted that the Iranian president offered an official apology to the State of Qatar, its leadership and people, during a phone call he held with HH the Amir Sheikh Tamim bin Hamad Al-Thani, noting that the main guarantee against a return to such escalation lies in ensuring that there is no escalation in the region.

    He further said that the State of Qatar is working directly towards finding a way to reach a ceasefire in the Gaza Strip and then reach a general agreement in the region that ensures the absence of any threat from any party there.

    He said that the irresponsible Israeli position of continuing the escalation in this manner will result in unforeseen challenges, and the region today is not far from escalation, even if a ceasefire is the main theme at this time.

    He called on all parties in the region to engage in positive action to ensure the continuation of the ceasefire and de-escalation.

    The Advisor to the Prime Minister and Official Spokesperson for the Ministry of Foreign Affairs expressed the State of Qatar’s appreciation for the 49th Extraordinary Meeting of the Ministerial Council of the Gulf Cooperation Council (GCC), held in Doha one day after the Iranian attack on Al-Udeid Air Base, which clearly affirmed the condemnation of this attack, GCC solidarity in this regard, and the GCC position in support of diplomatic efforts.

    He noted that the statement issued at the meeting welcomed the ceasefire between Iran and Israel and the Qatari role in this regard, adding that there is a clear regional position on the need to de-escalate the situation in the region.

    Al Ansari also addressed the calls received by HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani from Their Excellencies the Prime Ministers and Foreign Ministers of several brotherly and friendly countries, during which they expressed their great solidarity with the State of Qatar and their condemnation of the Iranian attack on Al-Udeid Air Base.

    He expressed Qatar’s high appreciation for this great international solidarity with Qatar.

    Dr. Majed bin Mohammed Al Ansari noted that HE the Prime Minister and Minister of Foreign Affairs will be in the Republic of Ireland tomorrow, Tuesday, to receive the Tipperary Peace Award, a prestigious global honor in this field.

    The award is presented annually in recognition of humanitarian efforts and activities aimed at building peace globally.

    He explained that this award, presented by the Tipperary Peace Convention, aims to honor individuals and organizations that have made outstanding contributions to the fields of peace, justice, and human rights around the world.

    He highlighted that this recognition reflects the significant role played by HE the Prime Minister and Minister of Foreign Affairs in various mediations, and also underscores the important position enjoyed by the State of Qatar in global peacemaking.

    Al Ansari noted that this award represents an opportunity to affirm Qatar’s commitment to its role not only as a peacemaker, but also as an engineer of global peace, saying that this is what Qatar is currently doing, whether through contacts regarding the Iranian nuclear issue, the ceasefire in the Gaza Strip, or between the Congo and Rwanda, or various regional and international issues.

    He pointed out that Qatar participated in the World Humanitarian Forum, held in London on June 26, where HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad represented Qatar at the meeting.

    In her speech during the meeting, Her Excellency emphasized the importance of adhering to a principled and consistent approach to humanitarian work, especially in light of escalating global crises and challenges.

    Her Excellency also stressed that adherence to international humanitarian law and relevant agreements is not an option, but rather a legal and moral obligation to ensure the protection of civilians and the preservation of human dignity. She affirmed that the State of Qatar is committed to making every effective effort to promote dialogue and strive to achieve stability.

    Al Ansari noted that on the sidelines of the meeting, HE the Minister of State for International Cooperation met with a number of figures, including CEO of the World Humanitarian Forum, HE Lord of Wimbledon, former Minister of State for the Middle East, South Asia and United Nations at the UK Foreign, Commonwealth and Development Office Lord Tariq Ahmad, and member of the Advisory Board of the World Humanitarian Forum Richard Hawkes.

    He noted that the State of Qatar participated in the signing ceremony of the peace agreement between the Republic of Rwanda and the Democratic Republic of the Congo, which took place on June 27 and 28 in Washington, D.C., facilitated by the United States.

    HE Minister of State at the Ministry of Foreign Affairs, Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi represented the State of Qatar at the signing ceremony.

    His Excellency expressed Qatar’s welcome of the conclusion of this agreement and commended the sincere will and genuine commitment shown by both parties to peaceful and diplomatic solutions.

    He added that His Excellency also expressed Qatar’s pride in contributing positively to facilitating the achievement of this agreement through hosting several negotiation sessions between the two parties, as a result of Doha’s hosting of the trilateral meeting between HH the Amir Sheikh Tamim bin Hamad Al-Thani; HE President of the Republic of Rwanda, Paul Kagame and HE President of the Democratic Republic of the Congo, Felix Tshisekedi in March 2025, which constituted a significant milestone for direct dialogue and confidence-building between the two sides.

    His Excellency also commended the constructive role played by the United States of America in completing these efforts and reaching the Agreement.

    Al Ansari added that HE Minister of State at the Ministry of Foreign Affairs met in Washington, with HE Undersecretary of State for Political Affairs of the United States of America, Allison Hooker, and with HE Chairman of the US Senate Foreign Relations Committee, Senator Jim Risch, along with a number of Senators. 

    MIL OSI Africa –

    July 1, 2025
  • MIL-OSI Russia: Spanish PM calls for inclusive multilateralism at Financing for Development conference

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    SEVILLE, Spain, July 1 (Xinhua) — Spanish Prime Minister Pedro Sanchez on Monday called for inclusive and strong multilateralism at the opening of the fourth International Conference on Financing for Development here in southern Spain.

    P. Sanchez, who is also the conference chair, said that in the current global context, inclusive and strong multilateralism is especially needed and the UN should be at its core.

    He called on delegates to translate slogans into action, resolve differences through unity and build trust through dialogue.

    Noting that two-thirds of the UN Sustainable Development Goals were behind schedule, UN Secretary-General António Guterres said at the opening of the session that the conference would take action in three areas – accelerating the flow of funds, reforming the international debt system and increasing the participation of developing countries in the institutions of the international financial system.

    The conference, dedicated to global development finance, will run until Thursday and will bring together representatives from governments, international organizations, financial institutions, businesses and other entities. –0–

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI Russia: G7 calls for resumption of Iran nuclear talks

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    OTTAWA, July 1 (Xinhua) — The Group of Seven (G7) foreign ministers on Monday called for a resumption of talks to reach a comprehensive, verifiable and lasting deal on Iran’s nuclear program.

    In a joint statement on Iran and the Middle East issued by Global Affairs Canada, the G7 foreign ministers called on Iran to urgently resume full cooperation with the International Atomic Energy Agency (IAEA) in accordance with its safeguards obligations and to provide the IAEA with verifiable information on all nuclear materials in Iran, including by providing access to IAEA inspectors.

    “We underscore the central importance of the Nuclear Non-Proliferation Treaty as the cornerstone of the global nuclear non-proliferation regime. It is critical that Iran remain a party to and fully implement its obligations under the Treaty,” the statement said.

    The foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, as well as the European Union’s high representative, met in The Hague on June 25 to discuss recent developments in the Middle East. –0–

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI: INVL Asset Management raises EUR 35.43 million for investments in funds managed by 17Capital

    Source: GlobeNewswire (MIL-OSI)

    INVL Asset Management, the leading alternative asset manager in the Baltics, raised EUR 35.43 million for investments in funds managed by 17Capital which provides financing to the world’s largest private equity managers, investors, and funds. This success in attracting investor funds further solidifies the Invalda INVL group’s leading position in the Baltic private debt market.

    “The private debt market is experiencing rapid growth globally, and the Baltic region is no exception. Private debt is emerging as an important alternative to traditional financing, while also serving as a valuable tool for portfolio diversification. We appreciate the trust our investors place in us and their decision to leverage the access we provide to globally diversified private debt funds managed by an experienced team. To date, our group has attracted over EUR 75 million to this asset class, reinforcing our leading position in the,” says Justas Riauba, Invalda INVL’s Group Chief Investment Officer.

    A private debt fund INVL Bridge Finance, which had more than EUR 40 million of assets under management at the end of May this year, is also a part of the Invalda INVL group.

    INVL Partner Strategic Lending funds were distributed to the Baltic investors by the financial brokerage firm INVL Financial Advisors, which operates in Lithuania under the INVL Family Office brand.

    “Retail and institutional investors in the Baltic countries are showing strong and growing interest in private debt solutions as an important component of a diversified portfolio. The successful distribution of these funds through the INVL Family Office reflects increasing confidence in structured, institutional-grade products and highlights the growing maturity of investors when it comes to selecting alternative investment solutions,” says Asta Jovaišienė, who heads the INVL Family Office.

    Launched this year, the INVL Partner Strategic Lending funds invest in funds managed by 17Capital, a private credit manager active in North America and Europe. The strategy of that world-class specialised manager’s funds is to lend to the world’s best known private equity funds, managers and management companies against the net asset value (NAV) of their private equity portfolios or the management companies’ investments, as well as to the participants of such funds.

    The minimum investment in the funds for informed investors is EUR 125,000 or, if investments are made in US dollars, USD 145,000. The INVL Partner Strategic Lending funds target an expected net average annual investment return of more than 10%. The anticipated duration of the funds is 7 years.

    Founded in 2008, 17Capital operates primarily from London and New York. The company has completed more than 100 investments and more than 50 exits and since its inception has raised more than USD 13 billion.

    About INVL Asset Management 

    INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development. 

    We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages or has under supervision more than EUR 1.9 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.

    The person for additional information:
    Justas Riauba, Invalda INVL Group Chief Investment Officer
    Justas.Riauba@invl.com

    The MIL Network –

    July 1, 2025
  • MIL-OSI: INVL Asset Management raises EUR 35.43 million for investments in funds managed by 17Capital

    Source: GlobeNewswire (MIL-OSI)

    INVL Asset Management, the leading alternative asset manager in the Baltics, raised EUR 35.43 million for investments in funds managed by 17Capital which provides financing to the world’s largest private equity managers, investors, and funds. This success in attracting investor funds further solidifies the Invalda INVL group’s leading position in the Baltic private debt market.

    “The private debt market is experiencing rapid growth globally, and the Baltic region is no exception. Private debt is emerging as an important alternative to traditional financing, while also serving as a valuable tool for portfolio diversification. We appreciate the trust our investors place in us and their decision to leverage the access we provide to globally diversified private debt funds managed by an experienced team. To date, our group has attracted over EUR 75 million to this asset class, reinforcing our leading position in the,” says Justas Riauba, Invalda INVL’s Group Chief Investment Officer.

    A private debt fund INVL Bridge Finance, which had more than EUR 40 million of assets under management at the end of May this year, is also a part of the Invalda INVL group.

    INVL Partner Strategic Lending funds were distributed to the Baltic investors by the financial brokerage firm INVL Financial Advisors, which operates in Lithuania under the INVL Family Office brand.

    “Retail and institutional investors in the Baltic countries are showing strong and growing interest in private debt solutions as an important component of a diversified portfolio. The successful distribution of these funds through the INVL Family Office reflects increasing confidence in structured, institutional-grade products and highlights the growing maturity of investors when it comes to selecting alternative investment solutions,” says Asta Jovaišienė, who heads the INVL Family Office.

    Launched this year, the INVL Partner Strategic Lending funds invest in funds managed by 17Capital, a private credit manager active in North America and Europe. The strategy of that world-class specialised manager’s funds is to lend to the world’s best known private equity funds, managers and management companies against the net asset value (NAV) of their private equity portfolios or the management companies’ investments, as well as to the participants of such funds.

    The minimum investment in the funds for informed investors is EUR 125,000 or, if investments are made in US dollars, USD 145,000. The INVL Partner Strategic Lending funds target an expected net average annual investment return of more than 10%. The anticipated duration of the funds is 7 years.

    Founded in 2008, 17Capital operates primarily from London and New York. The company has completed more than 100 investments and more than 50 exits and since its inception has raised more than USD 13 billion.

    About INVL Asset Management 

    INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development. 

    We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages or has under supervision more than EUR 1.9 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.

    The person for additional information:
    Justas Riauba, Invalda INVL Group Chief Investment Officer
    Justas.Riauba@invl.com

    The MIL Network –

    July 1, 2025
  • MIL-OSI: Over half of sports fans are turning to AI or gen AI for more personalized content

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Elsa Estager Bergerou
    Tel: +33 6 59 62 55 13
    Email: elsa.estager-bergerou@capgemini.com

    Over half of sports fans are turning to AI or gen AI for more personalized content

    • AI has overtaken traditional search engines as the main source for sports information, with 67% of fans wanting all sports data aggregated in one place.
    • Digital insights are filling gaps in the live sports experience, with nearly 70% of fans seeking stats related to team, players and playing conditions primarily pre-match and during breaks.
    • Spectators want balance between tech innovation and authenticity, with almost three out of five fans worrying that too much technology could impact the thrill of live sport.

    Paris, July 1, 2025 – The Capgemini Research Institute today released its latest report, “Beyond the game: The new era of AI-powered sports engagement”, revealing how AI and generative AI (gen AI) are reshaping the global fan experience. As AI-powered tools become the primary gateway for sports content and data, fans still seek the thrill of authentic, in-person moments, therefore highlighting the need to strike a balance between the digital and physical worlds of sport.

    AI and gen AI power the next era of fan engagement
    AI is redefining how fans interact with sports. Over half (54%) of them now use AI or gen AI tools as their main source of information with 59% trusting content generated by these technologies. From personalized match summaries to real-time highlights reels, fans increasingly expect AI and gen AI to aggregate all sports-related content – 67% want a single, streamlined platform where they can discover information aggregated from websites, search engines and social media.

    However, personalization and interactivity are key to ensuring a genuine and authentic fan experience. While the report finds fans are returning to stadiums since the pandemic, with 37% already having attended live matches this year, AI is transforming how fans engage with sports overall. The technology is delivering tailored updates that enhance their experience of the game, with stats and facts about their favorite teams, fixtures, and players.

    Indeed, 64% of fans want AI to provide updates customized to their preferences, a similar number want to compete against well-known players in a virtual space during live games, and 58% would like to replay matches using ‘what-if’ scenarios. Just over a quarter (27%) are even willing to pay a premium for these AI-driven, interactive experiences. For instance, Tour de France fans can now play and follow their Fantasy team in real time, vote and elect the most combative rider of the day or even experience the race from inside an official fans car.

    “The true power of AI in sports, and especially gen AI, lies in its ability to transform how fans connect with the game, with athletes, and with each other,” explained Pascal Brier, Chief Innovation Officer at Capgemini and Member of the Group Executive Committee. “As technology evolves, unlocking new ways for fans to curate their own unique experience, will be a blend of real-time data with immersive, interactive opportunities. The challenge is to ensure that these innovations deepen the emotional connections that make sport so powerful for passionate supporters, while preserving the authenticity and integrity that defines the spirit of the game.”

    Balancing innovation with responsibility and the thrill of live sports
    Sports fans today are hungry for data but the report shows their digital engagement peaks before matches and during breaks, rather than during the live play itself. Nearly 70% of fans want access to player metrics and live match data, using these insights to enrich their understanding when the action pauses. By meeting fans’ appetite for insights at these key moments, data enriches the overall viewing experience while keeping the thrill of live sports intact.

    While digital innovation is widely embraced, nearly 60% of sports fans are concerned that too much technology could dampen the excitement of attending events, and over half fear it could diminish their overall enjoyment of the game or match. This highlights the importance of finding the right balance – leveraging technology to elevate the fan experience while preserving what makes live sports so uniquely compelling.

    The report finds that there is a lack of awareness about data privacy aspects of AI-powered sports viewing tools.
    For example, whereas about half of Gen Y and Gen Z fans are aware of the various kinds of data collected and explicitly consent to its storage, this is true for only 38% and 36% of baby boomers, respectively.

    There are also concerns about misinformation, as two-thirds of fans admit being worried that the spread of unverified content on AI or gen AI platforms could increase the risk of athletes being targeted or harassed by disgruntled supporters. What’s more, 57% of fans are concerned about the generation of false content resulting in the spread of misinformation about players or sports teams.

    Stadiums invest in tech to meet rising fan expectations
    The report finds that stadium operators are investing in apps and smart technologies to create smoother, more immersive experiences for digital-native audiences. Over half of attendees say ticketing, scheduling, and real-time apps enhance their stadium experience, while facial recognition entry and digital navigation are also valued.

    Download the full report here.

    Report methodology
    The Capgemini Research Institute surveyed f 12,017 sports fans across 11 countries, in March and April 2025: Australia, Brazil, Canada, France, Germany, Italy, Japan, Spain, Sweden, the UK, and the US. The research explored fan behaviors, attitudes, and expectations around AI, gen AI, and digital innovations in sports.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was ranked #1 in the world for the quality of its research by independent analysts for six consecutive times – an industry first.

    Visit us at https://www.capgemini.com/researchinstitute/

    Attachment

    • 01_07_Tech in sports 2025 news alert_EN

    The MIL Network –

    July 1, 2025
  • MIL-OSI: BNP PARIBAS CARDIF COMPLETES THE ACQUISITION OF AXA INVESTMENT MANAGERS

    Source: GlobeNewswire (MIL-OSI)

            

    BNP PARIBAS CARDIF COMPLETES THE ACQUISITION OF
    AXA INVESTMENT MANAGERS

    PRESS RELEASE

    Paris, 01 July 2025,

    BNP Paribas Cardif has finalised the acquisition of AXA Investment Managers (AXA IM) and signed a long-term partnership with the AXA Group to manage a large part of its assets.

    This operation, announced on 1st August 2024, will enable the BNP Paribas Group to create a leading European asset management platform with over EUR 1.5 trillion in assets under management entrusted by its clients. It allows the Group to become the European leader in long-term savings management for insurers and pension funds with around EUR 850 billion, with the ambition to become the European leader in fund collection for private asset investments and positioning itself among the main providers of ETFs in Europe. This operation is also part of the Group’s core mission to support the economy by mobilising savings to finance future-oriented projects in the best interests of its clients.

    By combining the expertise of AXA IM, BNP Paribas Asset Management, and BNP Paribas REIM, this new platform will have a wide range of traditional and alternative assets, an expanded global distribution network, enhanced innovation capabilities, and a more comprehensive offering in responsible investment. It will benefit from AXA IM Alts’ market position and expertise in private assets, which are key drivers of future growth for institutional and individual clients, as well as AXA IM’s know-how in long-term asset management for insurance and retirement. In this context, BNP Paribas Cardif will leverage the capabilities of this platform for the management of a large part of its assets, notably its general funds.

    The formation of this new platform marks a major milestone in the development and growth journey of the IPS division. It will fully benefit from BNP Paribas’ integrated model, in close collaboration with the CPBS and CIB businesses, particularly within the framework of the “originate to distribute” approach.

    “This acquisition is an important moment for the entire BNP Paribas Group. We are delighted to welcome the AXA IM teams, who will find within the BNP Paribas Group a strong culture of customer service as well as ambitious growth and innovation prospects. These are teams with recognised and complementary expertise that will build together a European industrial project to better serve our clients. I have every confidence in the ability of the management teams of our asset management activities to grow the business and create value for our clients and employees,” said Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas.

    Joint working groups with AXA IM teams are already in place to reflect on and develop a common roadmap, particularly with regard to offerings and services. This roadmap will be submitted to the appropriate employee representative bodies.

    The project to merge the legal entities of AXA IM, BNP Paribas AM and BNP Paribas REIM, which would create the new platform held by BNP Paribas Cardif, is currently the subject of consultation with employee representative bodies.

    Sandro Pierri, CEO of BNP Paribas AM, will lead the BNP Paribas Group’s asset management activities and Marco Morelli, the current Executive Chairman of AXA IM, will chair the BNP Paribas Group’s asset management activities.

    From a financial perspective:

    • The Group’s revenue growth by 2026, including the impact of the transaction, will be greater than +5% (CAGR 24-26), with an average annual jaws effect of +1.5 pts.
    • Return on Invested Capital (ROIC) will be more than 14% in year three (2028) and more than 20% in year four (2029).
    • From a prudential perspective, the impact of the operation on the Group’s CET1 ratio is estimated at approximately -35bp as of the 3rd quarter 2025 results, discussions with supervisory authorities are still on going.

    An update on the progress of the operation will be provided upon the release of the third-quarter 2025 results ahead of a Deep Dive, that will take place during the first quarter 2026, focused on the Group’s trajectory including this operation.

    About BNP Paribas
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    BNP Paribas Press Contacts
    Hacina Habchi: hacina.habchi@bnpparibas.com +33 7 61 97 65 20
    Sandrine Romano: sandrine.romano@bnpparibas.com +33 6 71 18 13 05

    Attachment

    • 01.07.2025_BNP Paribas Cardif completes the acquisition of AXA IM

    The MIL Network –

    July 1, 2025
  • MIL-OSI: BNP PARIBAS CARDIF COMPLETES THE ACQUISITION OF AXA INVESTMENT MANAGERS

    Source: GlobeNewswire (MIL-OSI)

            

    BNP PARIBAS CARDIF COMPLETES THE ACQUISITION OF
    AXA INVESTMENT MANAGERS

    PRESS RELEASE

    Paris, 01 July 2025,

    BNP Paribas Cardif has finalised the acquisition of AXA Investment Managers (AXA IM) and signed a long-term partnership with the AXA Group to manage a large part of its assets.

    This operation, announced on 1st August 2024, will enable the BNP Paribas Group to create a leading European asset management platform with over EUR 1.5 trillion in assets under management entrusted by its clients. It allows the Group to become the European leader in long-term savings management for insurers and pension funds with around EUR 850 billion, with the ambition to become the European leader in fund collection for private asset investments and positioning itself among the main providers of ETFs in Europe. This operation is also part of the Group’s core mission to support the economy by mobilising savings to finance future-oriented projects in the best interests of its clients.

    By combining the expertise of AXA IM, BNP Paribas Asset Management, and BNP Paribas REIM, this new platform will have a wide range of traditional and alternative assets, an expanded global distribution network, enhanced innovation capabilities, and a more comprehensive offering in responsible investment. It will benefit from AXA IM Alts’ market position and expertise in private assets, which are key drivers of future growth for institutional and individual clients, as well as AXA IM’s know-how in long-term asset management for insurance and retirement. In this context, BNP Paribas Cardif will leverage the capabilities of this platform for the management of a large part of its assets, notably its general funds.

    The formation of this new platform marks a major milestone in the development and growth journey of the IPS division. It will fully benefit from BNP Paribas’ integrated model, in close collaboration with the CPBS and CIB businesses, particularly within the framework of the “originate to distribute” approach.

    “This acquisition is an important moment for the entire BNP Paribas Group. We are delighted to welcome the AXA IM teams, who will find within the BNP Paribas Group a strong culture of customer service as well as ambitious growth and innovation prospects. These are teams with recognised and complementary expertise that will build together a European industrial project to better serve our clients. I have every confidence in the ability of the management teams of our asset management activities to grow the business and create value for our clients and employees,” said Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas.

    Joint working groups with AXA IM teams are already in place to reflect on and develop a common roadmap, particularly with regard to offerings and services. This roadmap will be submitted to the appropriate employee representative bodies.

    The project to merge the legal entities of AXA IM, BNP Paribas AM and BNP Paribas REIM, which would create the new platform held by BNP Paribas Cardif, is currently the subject of consultation with employee representative bodies.

    Sandro Pierri, CEO of BNP Paribas AM, will lead the BNP Paribas Group’s asset management activities and Marco Morelli, the current Executive Chairman of AXA IM, will chair the BNP Paribas Group’s asset management activities.

    From a financial perspective:

    • The Group’s revenue growth by 2026, including the impact of the transaction, will be greater than +5% (CAGR 24-26), with an average annual jaws effect of +1.5 pts.
    • Return on Invested Capital (ROIC) will be more than 14% in year three (2028) and more than 20% in year four (2029).
    • From a prudential perspective, the impact of the operation on the Group’s CET1 ratio is estimated at approximately -35bp as of the 3rd quarter 2025 results, discussions with supervisory authorities are still on going.

    An update on the progress of the operation will be provided upon the release of the third-quarter 2025 results ahead of a Deep Dive, that will take place during the first quarter 2026, focused on the Group’s trajectory including this operation.

    About BNP Paribas
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    BNP Paribas Press Contacts
    Hacina Habchi: hacina.habchi@bnpparibas.com +33 7 61 97 65 20
    Sandrine Romano: sandrine.romano@bnpparibas.com +33 6 71 18 13 05

    Attachment

    • 01.07.2025_BNP Paribas Cardif completes the acquisition of AXA IM

    The MIL Network –

    July 1, 2025
  • MIL-OSI Africa: Minister of State for International Cooperation Meets Swiss Official

    Source: Government of Qatar

    Seville, June 30, 2025

    HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad met on Monday with HE Vice-Minister for International Cooperation and Director General of the Swiss Development Cooperation Agency (SDC) Patricia Danzi, on the sidelines of the 4th International Conference on Financing for Development (FFD4), held in Seville, Kingdom of Spain.

    The meeting discussed cooperation relations between the State of Qatar and the Swiss Confederation and ways to support and enhance them, particularly in the areas of international development and humanitarian aid.

    In this regard, the two sides stressed the importance of integrating roles and coordinating efforts to enhance sustainable humanitarian responses in conflict-affected areas, particularly in Syria and Afghanistan.

    Regional and international developments, along with a number of topics of common interest, were also discussed.

    MIL OSI Africa –

    July 1, 2025
  • MIL-OSI China: China loses to Canada at 2025 Men’s Volleyball Nations League

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

    Jiang Chuan (R) of China spikes during the Pool 5 match between China and Canada at the Men’s Volleyball Nations League (VNL) 2025 in Chicago, the United States, June 29, 2025. [Photo/Xinhua]

    The Chinese team lost 3-0 to Canada in the 2025 Men’s Volleyball Nations League (VNL) Chicago leg on Sunday.

    In the first set, the two teams were tied from 1-1 to 12-12 before Canada pulled away with five straight points to lead 17-12. China closed the gap to 20-21 with blocks from Zhang Zhejia and Li Yongzhen and powerful attacks by Jiang Chuan. However, Canada held on to take the set 25-23 with strong serving and offense.

    China fell behind 4-7 in the second set but responded with four straight points to lead 8-7. The teams stayed close until 16-16, when Canada pulled ahead to win 25-20. China committed more errors, saw a drop in offensive efficiency, and struggled to contain Canada’s momentum.

    In the third set, China trailed 6-1 early but narrowed the gap to 8-7 before losing steam. Led by captain Jiang Chuan, the team rallied to 19-17, but Canada held on to win the set 25-23 and seal the match.

    Zhang Jingyin missed the match due to a knee injury, while Jiang Chuan returned to the starting lineup. China had opportunities to tie or take the lead in both the first and third sets but fell short in key moments.

    The team continues to face challenges with first-pass stability, quick-attack execution from middle blockers, and setter variation.

    Ranked 11th in the world, Canada holds a clear advantage over 24th-ranked China. This latest defeat marks China’s fourth straight loss to Canada, compounding a psychological disadvantage.

    Jiang expressed his frustration. “Losing four matches in the Chicago leg is a wake-up call. We need to change some things in the next leg and strive for better performance,” he said.

    “We didn’t play our best match. One or two players did a good job, a lot of players could not bring what they can do,” said China’s Belgian head coach Vital Heynen. “But (for sports) sometimes you don’t play as good as you are. We have to accept.”

    “Seeing our whole situation, injuries, putting players coming back, some players have to take a lot of loads who are not used to do that, and cannot always bring that, that’s normal,” Heynen said. “I blame myself and the team, like we together are not good enough.”

    “I think every match is so difficult for us. So we will try next week to win at least one match, to have at least a good ending of this VNL.”

    Five national teams from China, the United States, Brazil, Italy and Canada competed in the Chicago leg of the 2025 VNL. China lost all four of its matches.

    The VNL group stage spans three weeks, with Chicago hosting the second week. The third week will take place in Gdansk, Poland; Ljubljana, Slovenia; and the Kanto region of Japan. The finals are scheduled for July 30 to August 3 in Ningbo Beilun, east China’s Zhejiang Province. 

    MIL OSI China News –

    July 1, 2025
  • MIL-OSI China: Defending champion Alcaraz labors to opening round win at Wimbledon

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

    Carlos Alcaraz reacts during the men’s singles first round match between Carlos Alcaraz of Spain and Fabio Fognini of Italy at Wimbledon Tennis Championship in London, Britain, June 30, 2025. [Photo/Xinhua]

    Men’s singles defending champion Carlos Alcaraz was dragged into a five-set marathon battle by Italy’s Fabio Fognini, as the Spaniard needed four hours and 37 minutes to progress from the first round at Wimbledon 7-5, 6-7(5) 7-5, 2-6, 6-1 here on Monday.

    Alcaraz, 22, struggled on his serve under the scorching sun, while 38-year-old Fognini, who was making his final Wimbledon appearance, showed great resilience and net skills.

    The world No. 2 was forced to play until the deciding set before extending his winning streak to 19 matches. The two-time defending champion will face British wildcard Oliver Tarvet in the second round.

    “I knew at the beginning that it was going to be really difficult playing against Fabio,” said Alcaraz who defended his French Open title earlier this month. “The talent that Fabio has is immense. In every match he can show his best tennis. I think today he has shown one of his best tennis.”

    Eighth seed Holger Rune of Denmark and ninth seed Daniil Medvedev were both knocked out of the first round.

    Rune lost to Nicolas Jarry of Chile 4-6, 4-6, 7-5, 6-3, 6-4, while Medvedev was defeated by France’s Benjamin Bonzi 7-6(2), 3-6, 7-6(3), 6-2.

    This is the first ever opening round exit for Medvedev at the grass-court Grand Slam.

    “I felt him playing very well. I felt like I didn’t play too bad. I don’t see much I could do better. I mean, it’s grass, so I could serve better on the tiebreak,” said the 29-year-old former US Open champion.

    In the women’s singles, top seed Aryna Sabalenka of Belarus saw off Canada’s Carson Branstine 6-1, 7-5 to set up a second round clash with Marie Bouzkova of the Czech Republic.

    Sabalenka admitted she met some challenges from her opponent as she could hardly read her serve.

    “I think the goal is to win as quickly, as easier as possible, so physically you’re more fresh in the next rounds. But I think it was really good for me to have this little fight in the second set just to see where my level is and if I’m mentally ready to fight,” said Sabalenka, who withdrew from Wimbledon last year due to a shoulder injury.

    But Sabalenka’s close friend Paula Badosa failed to reach the second round as the ninth seed from Spain was beaten by local favorite Katie Boulter 6-2, 3-6, 6-4.

    Chinese veteran Zhang Shuai, who entered the main draw by winning three qualifying matches, lost to Serbia’s Olga Danilovic 6-2, 6-4. Zhang’s compatriot Yuan Yue also exited after being defeated by Eva Lys of Germany, 6-4, 5-7, 6-2. 

    MIL OSI China News –

    July 1, 2025
  • MIL-OSI China: China to set up first international association on deep-space exploration

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

    China will officially launch the International Deep Space Exploration Association (IDSEA) next Monday, with a particular aim of empowering other developing countries in developing deep-space technologies.

    Located in Hefei, Anhui Province, the association will be the nation’s first international academic organization in the aerospace domain, capitalizing on the growing global interest in China’s lunar and Mars missions.

    The IDSEA will focus on deep-space study, which includes probes into the moon, other planets and asteroids, and promote international cooperation, according to the Hefei-based Deep Space Exploration Laboratory, one of the association’s five initiators.

    Wang Zhongmin, director of the lab’s international cooperation center, said the IDSEA aims to become an inclusive academic platform that will benefit developing countries in particular.

    “We hope to bring in as many developing countries as possible, and by initiating small yet impactful programs, such as on CubeSat design and training of scientists, we hope to enable these nations to access cutting-edge space technologies that once seemed far beyond their reach,” he said.

    Deep-space exploration has long been limited to a few countries due to its high thresholds of capital, technologies and talents. “The vast majority of countries may see a technological monopoly. Deep space technologies must move out of the small circle to benefit the whole of humanity,” Wang said.

    Despite being a latecomer to outer space exploration, China has rapidly emerged as a prominent player in this field while demonstrating its commitment to cooperating with other nations.

    In April, China announced that seven institutions from six countries — France, Germany, Japan, Pakistan, the United Kingdom, and the United States — have been authorized to borrow lunar samples collected by China’s Chang’e-5 mission for scientific research.

    China has also invited global partners to participate in its Mars missions. The country plans to launch the Tianwen-3 Mars sample-return mission around 2028, with the primary scientific goal of searching for signs of life on Mars. The retrieval of samples from Mars, the first of its kind in human history, is considered the most technically challenging space exploration mission since the Apollo program. 

    MIL OSI China News –

    July 1, 2025
  • MIL-OSI: EUR 150 million share buyback completed

    Source: GlobeNewswire (MIL-OSI)

    Schiphol, July 1, 2025 – Aegon today announces the completion of its EUR 150 million share buyback program that began on January 13, 2025.

    Between January 13, 2025, and June 30, 2025, 25,200,170 common shares were repurchased for a total amount of EUR 150 million at an average price of EUR 5.9641 per share. Aegon will use 6,720,045 common shares to meet its obligations resulting from share-based compensation plans for senior management and cancel the remainder of the repurchased shares in the second half of 2025.

    For further details, visit our share buyback updates page at aegon.com.

    Contacts

    About Aegon
    Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.

    Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.

    Forward-looking statements
    The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:

    • Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and in relation to Aegon’s shareholding in ASR Nederland N.V. and asset management business, the Netherlands;
    • Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets;
    • Changes in the performance of financial markets, including emerging markets, such as with regard to:         
      • The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios;
      • The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds;
      • The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
      • The impact from volatility in credit, equity, and interest rates;
    • Changes in the performance of Aegon’s investment portfolio and decline in ratings of Aegon’s counterparties;
    • The effect of tariffs and potential trade wars on trading markets and on economic growth, globally and in the markets where Aegon operates.
    • Lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition;
    • Lowering of one or more of insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries;
    • The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends;
    • Changes in the European Commissions’ or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda;
    • Changes affecting interest rate levels and low or rapidly changing interest rate levels;
    • Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates;
    • The effects of global inflation, or inflation in the markets where Aegon operates;
    • Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general such as changes in borrower and counterparty creditworthiness;
    • Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and in relation to Aegon’s shareholding in ASR Nederland N.V. and asset management business, the Netherlands;
    • Catastrophic events, either manmade or by nature, including by way of example acts of God, acts of terrorism, acts of war and pandemics, could result in material losses and significantly interrupt Aegon’s business;
    • The frequency and severity of insured loss events;
    • Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives;
    • Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect, or should errors in those models escape the controls in place to detect them, future performance will vary from projected results;
    • Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations;
    • Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations;
    • Customer responsiveness to both new products and distribution channels;
    • Third-party information used by us may prove to be inaccurate and change over time as methodologies and data availability and quality continue to evolve impacting our results and disclosures;
    • As Aegon’s operations support complex transactions and are highly dependent on the proper functioning of information technology, operational risks such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business, may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows;
    • Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies;
    • The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures;
    • Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow;
    • Changes in the policies of central banks and/or governments;
    • Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business;
    • Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of or demand for Aegon’s products;
    • Consequences of an actual or potential break-up of the European Monetary Union in whole or in part, or further consequences of the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union;
    • Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting Aegon’s operations’ ability to hire and retain key personnel, taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property;
    • Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates;
    • Standard setting initiatives of supranational standard setting bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon;
    • Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels;
    • The rapidly changing landscape for ESG responsibilities, leading to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management;
    • Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws; and
    • Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third-parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon’s discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily “material” under US securities laws for SEC reporting purposes, even if we use words such as “material” or “materiality” in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future.

    This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2024 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

    Attachment

    • 250701_PR_EUR 150 million share buyback completed

    The MIL Network –

    July 1, 2025
  • MIL-OSI: EUR 200 million share buyback begins

    Source: GlobeNewswire (MIL-OSI)

    Schiphol, July 1, 2025 – Aegon today begins a EUR 200 million share buyback that was announced on May 16, 2025. The share buyback is expected to be completed by December 15, 2025, barring unforeseen circumstances.

    Aegon has entered into an agreement with its largest shareholder, Vereniging Aegon, to participate in the new EUR 200 million share buyback program. Vereniging Aegon will participate pro-rata in the share buyback program based on its combined common shares and common shares B which represent about 18.4% of the total shareholders’ voting rights that are currently exercisable. This results in a buyback amount of EUR 37 million. The number of common shares that Aegon will repurchase from Vereniging Aegon will be determined based on the daily volume-weighted average price per common share on Euronext Amsterdam.

    Aegon will engage a third party to execute the buyback transactions on its behalf. The common shares will be repurchased at a maximum of the average of the daily volume-weighted average price per common share during the repurchase period. Aegon intends to cancel the shares it repurchases during this share buyback program.

    The share buyback program will be executed in compliance with the EU’s Market Abuse Regulation and within the limitations of the existing authority as granted by our shareholders at our annual general meeting held on June 12, 2025. For further details, visit our share buyback updates page at aegon.com.

    Contacts

    About Aegon
    Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.

    Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.

    Forward-looking statements
    The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:

    • Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and in relation to Aegon’s shareholding in ASR Nederland N.V. and asset management business, the Netherlands;
    • Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets;
    • Changes in the performance of financial markets, including emerging markets, such as with regard to:         
      • The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios;
      • The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds;
      • The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
      • The impact from volatility in credit, equity, and interest rates;
    • Changes in the performance of Aegon’s investment portfolio and decline in ratings of Aegon’s counterparties;
    • The effect of tariffs and potential trade wars on trading markets and on economic growth, globally and in the markets where Aegon operates.
    • Lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition;
    • Lowering of one or more of insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries;
    • The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends;
    • Changes in the European Commissions’ or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda;
    • Changes affecting interest rate levels and low or rapidly changing interest rate levels;
    • Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates;
    • The effects of global inflation, or inflation in the markets where Aegon operates;
    • Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general such as changes in borrower and counterparty creditworthiness;
    • Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and in relation to Aegon’s shareholding in ASR Nederland N.V. and asset management business, the Netherlands;
    • Catastrophic events, either manmade or by nature, including by way of example acts of God, acts of terrorism, acts of war and pandemics, could result in material losses and significantly interrupt Aegon’s business;
    • The frequency and severity of insured loss events;
    • Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives;
    • Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect, or should errors in those models escape the controls in place to detect them, future performance will vary from projected results;
    • Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations;
    • Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations;
    • Customer responsiveness to both new products and distribution channels;
    • Third-party information used by us may prove to be inaccurate and change over time as methodologies and data availability and quality continue to evolve impacting our results and disclosures;
    • As Aegon’s operations support complex transactions and are highly dependent on the proper functioning of information technology, operational risks such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business, may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows;
    • Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies;
    • The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures;
    • Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow;
    • Changes in the policies of central banks and/or governments;
    • Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business;
    • Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of or demand for Aegon’s products;
    • Consequences of an actual or potential break-up of the European Monetary Union in whole or in part, or further consequences of the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union;
    • Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting Aegon’s operations’ ability to hire and retain key personnel, taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property;
    • Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates;
    • Standard setting initiatives of supranational standard setting bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon;
    • Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels;
    • The rapidly changing landscape for ESG responsibilities, leading to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management;
    • Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws; and
    • Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third-parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon’s discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily “material” under US securities laws for SEC reporting purposes, even if we use words such as “material” or “materiality” in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future.

    This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2024 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

    Attachment

    • 20250701_PR_EUR 200 million share buyback begins

    The MIL Network –

    July 1, 2025
  • Real boosted by Mbappe’s return for Juventus clash at Club World Cup

    Source: Government of India

    Source: Government of India (4)

    Kylian Mbappe looks set to make his Club World Cup debut when his Real Madrid side face Juventus in the last 16 at the Hard Rock Stadium on Tuesday, in a major boost for the 15-time European champions.

    “It’s a big possibility,” Real Madrid coach Xabi Alonso told a press conference on Monday when asked if the France forward, who missed all three group matches with acute gastroenteritis, would feature.

    Mbappe’s return comes as Real Madrid look to build on a squad boosted by the recoveries of Dani Carvajal and Eder Militao.

    “Both Dani and Eder are coming back after a long recovery. It’s an advantage for them and the whole team to feel they’re close and involved,” Alonso said.

    “At this decisive stage, everyone – starters and those supporting – has an important role.”

    Alonso, who took over earlier this month, said the team’s priority was forging a collective identity.

    “We want a team that works as one, with the 11 players fully committed, whether we have the ball or not. Our collective strength will allow individual talents like Vinicius, Mbappe, Rodrigo, and Bellingham to shine,” he added.

    Juventus coach Igor Tudor, meanwhile, acknowledged the magnitude of the challenge but insisted his side had come to compete, not just to prepare for next season.

    “We’ve got a top-level team. The draw wasn’t the best possible, but it must be accepted,” Tudor told a press conference.

    “We have to believe, run a lot, sacrifice, make no mistakes, and also have a bit of luck. I believe, the players believe, and we’ll see what happens when the match starts.”

    Tudor praised Real Madrid’s recent tactical evolution under Alonso, comparing it to Alonso’s successful work at Bayer Leverkusen.

    “Their last match looked a lot like what Leverkusen were doing – similar plays, systems, and style. Xabi Alonso has quickly implemented these ideas,” he said, noting that Madrid still have “some weaknesses we can exploit.”

    The winners will take on the victors of the clash between Borussia Dortmund and Monterrey, who will face off in Atlanta on Tuesday.

    (Reuters)

    July 1, 2025
  • MIL-OSI Economics: Lufthansa Group appoints Kevin Markette as Senior Director – Regional Sales South Asia

    Source: Lufthansa Group

    Lufthansa Group is pleased to announce the appointment of Kevin Markette as Senior Director – Regional Sales South Asia. Based in New Delhi, Kevin will oversee all commercial activities across the South Asia region, including the strategically important Indian market.

    A seasoned aviation executive, Kevin brings over 20 years of leadership experience within Lufthansa Group, having successfully managed commercial, customer, and operational teams across Africa, the Middle East, and the Americas. Raised in Spain and South Africa and trained as a Commercial Pilot, Kevin offers a truly global perspective and strong intercultural fluency.

    Kevin began his career with Lufthansa in South Africa in 2000, eventually managing Pricing, Reservations, and Ticketing for Southern Africa. In 2008, he moved to Dubai to lead Marketing and Business Development for the Gulf States, and later became Country Manager for Ghana, where he was responsible for Lufthansa’s operations in Accra.

    From 2016 to 2020, Kevin served as Head of Sales for the Southeast USA, based in Atlanta, overseeing six major gateways operated by four Lufthansa Group airlines. He was subsequently promoted to Head of Customer Relations for the Americas, based in New York, where he managed service recovery, customer feedback strategy, and commercial insights across North and South America until the end of 2022.

    Since 2022, Kevin has been based in Nairobi as General Manager for East Africa, leading the Group’s commercial strategy and partnerships across Kenya, Uganda, Rwanda, Burundi, and Tanzania. In this role, he spearheaded digital transformation initiatives, supported Brussels Airlines’ regional expansion, and championed sustainability efforts.

    According to Lufthansa Group Vice President Asia Pacific and Joint Ventures East, Felipe Bonifatti:

    “With over two decades at Lufthansa Group, Kevin brings extensive international experience to the Asia Pacific region. His sharp commercial insight and passion for our industry make him an invaluable addition. I am delighted to welcome him to Delhi, where he will lead all commercial activities for the Lufthansa Group in this strategically important market.”

    Kevin is passionate about building high-performing, cross-cultural teams and cultivating long-term partnerships with customers and stakeholders. Outside of work, he and his wife Jolene enjoy traveling, culinary adventures, and spending time outdoors.

    About Lufthansa Group

    The Lufthansa Group is an aviation group with operations worldwide. With 100,000+ employees from 164 nations worldwide, Lufthansa Group generated revenue of €37.6bn in the financial year 2024. Our largest business segment is Passenger Airlines while other key business segments include Logistics and Maintenance, Repair and Overhaul (MRO). Other companies and Group functions such as IT companies and Lufthansa Aviation Training form complementary components of the Group. All airlines and business segments play leading roles in their respective markets.

     

    MIL OSI Economics –

    July 1, 2025
  • Alcaraz survives Wimbledon scare, Sabalenka serene, but others feel the heat

    Source: Government of India

    Source: Government of India (4)

    Carlos Alcaraz survived Wimbledon’s hottest-ever opening day although the Spaniard was far from his sizzling best as he began his quest for a hat-trick of titles with a scare against Fabio Fognini at the All England Club on Monday.

    With air temperatures soaring to 32 degrees Celsius, Alcaraz needed more than four hours to subdue veteran Fognini, winning 7-5 6-7(5) 7-5 2-6 6-1 – the last set interrupted after a spectator became unwell in the heat and required assistance.

    Women’s top seed Aryna Sabalenka, bidding to win Wimbledon for the first time, had no trouble as she dispatched Canadian qualifier Carson Branstine 6-1 7-5 but last year’s runner-up, fourth seed Jasmine Paolini, was pushed hard by Latvia’s Anastasija Sevastova in a 2-6 6-3 6-2 win.

    While five-times Grand Slam champion Alcaraz, who won the Queen’s Club title in the build-up, lives to fight another day, several high-profile players departed the men’s draw.

    No arena at Wimbledon gets as hot as bowl-like Court Two and the conditions were clearly not to the liking of ex-world number one Daniil Medvedev as the ninth seed saw his hopes scorched by Frenchman Benjamin Bonzi, who won 7-6(2) 3-6 7-6(3) 6-2.

    Eighth seed Holger Rune of Denmark, yet to really make his mark at a Grand Slam, won the opening two sets against Chilean qualifier Nicolas Jarry but succumbed 4-6 4-6 7-5 6-3 6-4.

    Greece’s Stefanos Tsitsipas, twice a Grand Slam runner-up was left despondent after retiring with a back injury having fallen two sets behind against French qualifier Valentin Royer.

    American fifth seed Taylor Fritz looked to be on his way out before battling back to force a fifth set against big-serving Frenchman Giovanni Mpetshi Perricard before their match was suspended with the Grand Slam’s 11 p.m. curfew looming.

    German third seed Alexander Zverev summoned up similar fighting spirit to draw level at one set apiece with Arthur Rinderknech in another match scheduled to resume on Tuesday.

    WINNING STREAK

    Only two defending men’s champions had ever lost in the first round at Wimbledon, but there were moments when Alcaraz looked in danger of joining compatriot Manuel Santana on that short list as Fognini rolled back the years.

    Alcaraz arrived at Wimbledon on an 18-match winning streak, which included a spellbinding French Open final win over Jannik Sinner. But the spark was missing on Monday in front of a Centre Court crowd that included David Beckham.

    Heat is second nature to Alcaraz, but it was Fognini who flourished in the sun and when he broke serve twice to level the match at two sets apiece a massive shock looked possible.

    But Alcaraz, regularly using an ice towel to cool down, found an extra gear in the decider and even charmed the crowd by offering his water bottle to the distressed fan.

    He then led the warm applause for former top-10 player Fognini, for whom this was his final Wimbledon.

    “I don’t know why it’s his last Wimbledon because the level he has shown, you know, he can still play three or four more years. It’s unbelievable,” Alcaraz said of Fognini.

    Next up for Alcaraz is British qualifier Oliver Tarvet who marked his Grand Slam main draw debut with a superb 6-4 6-4 6-4 defeat of fellow qualifier Leandro Riedi of Switzerland.

    Tarvet is one of 23 British players in the singles draw, the most since 1984. The home charge was led Sonay Kartal who upset 20th seed and former French Open champion Jelena Ostapenko 7-5 2-6 6-2. She was joined in round two by British number one Emma Raducanu who comfortably passed a tricky test against Mingge Xu, one of three British teenaged wild cards to play on Monday.

    When Katie Boulter later knocked out Spanish ninth seed Paula Badosa 6-2 3-6 6-4 on Centre Court, seven British players had enjoyed victories, the most in a single day for the home nation in the professional era.

    Home hope Jacob Fearnley could not follow suit though as he was outshone 6-4 6-1 7-6(5) by Brazilian teenager Joao Fonseca, who showed why he is creating such a stir with carnival tennis on a steamy Court One.

    TOUGH WORKOUT

    World number one Sabalenka won the opening five games against part-time model Branstine but was given a far tougher workout after that as she moved into round two.

    The 27-year-old from Minsk missed last year’s event because of a shoulder injury and arrived this time with a point to prove after losing in the Australian and French Open finals this year.

    Several other women’s contenders sparkled in the sunshine, none more than 13th seeded American Amanda Anisimova who served up a dreaded ‘double-bagel’ 6-0 6-0 defeat to Yulia Putintseva.

    Ukraine’s Elina Svitolina beat Anna Boindar in straight sets while 2023 champion Marketa Vondrousova continued her return to form by knocking out American 30th seed McCartney Kessler, setting up a second-round clash with Raducanu.

    Australian Open champion Madison Keys, seeded sixth, battled for two hours and 41 minutes to beat Romania’s Elena Ruse and played down the impact of the heat.

    “It’s funny coming from the States, because this is quite literally a very typical summer day,” she said.

    Four-times Grand Slam champion Naomi Osaka overcame some first-round jitters to beat Australian qualifier Talia Gibson, prevailing 6-4 7-6(4).

    There was a sad end for Tunisia’s twice runner-up Ons Jabeur though as she retired against Viktoriya Tomova due to illness.

    (Reuters)

    July 1, 2025
  • Alcaraz survives Wimbledon scare, Sabalenka serene, but others feel the heat

    Source: Government of India

    Source: Government of India (4)

    Carlos Alcaraz survived Wimbledon’s hottest-ever opening day although the Spaniard was far from his sizzling best as he began his quest for a hat-trick of titles with a scare against Fabio Fognini at the All England Club on Monday.

    With air temperatures soaring to 32 degrees Celsius, Alcaraz needed more than four hours to subdue veteran Fognini, winning 7-5 6-7(5) 7-5 2-6 6-1 – the last set interrupted after a spectator became unwell in the heat and required assistance.

    Women’s top seed Aryna Sabalenka, bidding to win Wimbledon for the first time, had no trouble as she dispatched Canadian qualifier Carson Branstine 6-1 7-5 but last year’s runner-up, fourth seed Jasmine Paolini, was pushed hard by Latvia’s Anastasija Sevastova in a 2-6 6-3 6-2 win.

    While five-times Grand Slam champion Alcaraz, who won the Queen’s Club title in the build-up, lives to fight another day, several high-profile players departed the men’s draw.

    No arena at Wimbledon gets as hot as bowl-like Court Two and the conditions were clearly not to the liking of ex-world number one Daniil Medvedev as the ninth seed saw his hopes scorched by Frenchman Benjamin Bonzi, who won 7-6(2) 3-6 7-6(3) 6-2.

    Eighth seed Holger Rune of Denmark, yet to really make his mark at a Grand Slam, won the opening two sets against Chilean qualifier Nicolas Jarry but succumbed 4-6 4-6 7-5 6-3 6-4.

    Greece’s Stefanos Tsitsipas, twice a Grand Slam runner-up was left despondent after retiring with a back injury having fallen two sets behind against French qualifier Valentin Royer.

    American fifth seed Taylor Fritz looked to be on his way out before battling back to force a fifth set against big-serving Frenchman Giovanni Mpetshi Perricard before their match was suspended with the Grand Slam’s 11 p.m. curfew looming.

    German third seed Alexander Zverev summoned up similar fighting spirit to draw level at one set apiece with Arthur Rinderknech in another match scheduled to resume on Tuesday.

    WINNING STREAK

    Only two defending men’s champions had ever lost in the first round at Wimbledon, but there were moments when Alcaraz looked in danger of joining compatriot Manuel Santana on that short list as Fognini rolled back the years.

    Alcaraz arrived at Wimbledon on an 18-match winning streak, which included a spellbinding French Open final win over Jannik Sinner. But the spark was missing on Monday in front of a Centre Court crowd that included David Beckham.

    Heat is second nature to Alcaraz, but it was Fognini who flourished in the sun and when he broke serve twice to level the match at two sets apiece a massive shock looked possible.

    But Alcaraz, regularly using an ice towel to cool down, found an extra gear in the decider and even charmed the crowd by offering his water bottle to the distressed fan.

    He then led the warm applause for former top-10 player Fognini, for whom this was his final Wimbledon.

    “I don’t know why it’s his last Wimbledon because the level he has shown, you know, he can still play three or four more years. It’s unbelievable,” Alcaraz said of Fognini.

    Next up for Alcaraz is British qualifier Oliver Tarvet who marked his Grand Slam main draw debut with a superb 6-4 6-4 6-4 defeat of fellow qualifier Leandro Riedi of Switzerland.

    Tarvet is one of 23 British players in the singles draw, the most since 1984. The home charge was led Sonay Kartal who upset 20th seed and former French Open champion Jelena Ostapenko 7-5 2-6 6-2. She was joined in round two by British number one Emma Raducanu who comfortably passed a tricky test against Mingge Xu, one of three British teenaged wild cards to play on Monday.

    When Katie Boulter later knocked out Spanish ninth seed Paula Badosa 6-2 3-6 6-4 on Centre Court, seven British players had enjoyed victories, the most in a single day for the home nation in the professional era.

    Home hope Jacob Fearnley could not follow suit though as he was outshone 6-4 6-1 7-6(5) by Brazilian teenager Joao Fonseca, who showed why he is creating such a stir with carnival tennis on a steamy Court One.

    TOUGH WORKOUT

    World number one Sabalenka won the opening five games against part-time model Branstine but was given a far tougher workout after that as she moved into round two.

    The 27-year-old from Minsk missed last year’s event because of a shoulder injury and arrived this time with a point to prove after losing in the Australian and French Open finals this year.

    Several other women’s contenders sparkled in the sunshine, none more than 13th seeded American Amanda Anisimova who served up a dreaded ‘double-bagel’ 6-0 6-0 defeat to Yulia Putintseva.

    Ukraine’s Elina Svitolina beat Anna Boindar in straight sets while 2023 champion Marketa Vondrousova continued her return to form by knocking out American 30th seed McCartney Kessler, setting up a second-round clash with Raducanu.

    Australian Open champion Madison Keys, seeded sixth, battled for two hours and 41 minutes to beat Romania’s Elena Ruse and played down the impact of the heat.

    “It’s funny coming from the States, because this is quite literally a very typical summer day,” she said.

    Four-times Grand Slam champion Naomi Osaka overcame some first-round jitters to beat Australian qualifier Talia Gibson, prevailing 6-4 7-6(4).

    There was a sad end for Tunisia’s twice runner-up Ons Jabeur though as she retired against Viktoriya Tomova due to illness.

    (Reuters)

    July 1, 2025
  • MIL-OSI China: G7 FMs call for resumption of negotiations on Iran’s nuclear program

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

    The Group of Seven (G7) foreign ministers on Monday called for the resumption of negotiations to reach a comprehensive, verifiable and durable agreement that addresses Iran’s nuclear program.

    In a joint statement on Iran and the Middle East issued by Global Affairs Canada, the foreign ministers called on Iran to urgently resume full cooperation with the International Atomic Energy Agency (IAEA) as required by its safeguards obligations and to provide the IAEA with verifiable information about all nuclear material in Iran, including by providing access to IAEA inspectors.

    “We underscore the centrality of the Nuclear Non-Proliferation Treaty (NPT) as the cornerstone of the global nuclear non-proliferation regime. It is essential that Iran remains party to and fully implements its obligations under the Treaty,” read the statement.

    G7 foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, as well as the high representative of the European Union, met in The Hague on June 25 and discussed recent events in the Middle East.

    MIL OSI China News –

    July 1, 2025
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