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Category: Russian Federation

  • MIL-OSI Russia: NSU scientists took part in the conference “Yenisei Photonics” in Krasnoyarsk

    MILES AXLE Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    The All-Russian scientific conference with international participation “Yenisei Photonics – 2024” was held at the Institute of Engineering Physics and Radioelectronics of the Siberian Federal University from September 16 to 20. It was attended by more than 300 scientists, students and postgraduates from Russian universities, as well as from new regions of Russia and the Republic of Belarus. The conference program included lectures by leading scientists, oral and poster presentations by researchers, postgraduates and students in the field of photonics. The conference was held with the support of the L. V. Kirensky Institute of Physics of the Siberian Branch of the Russian Academy of Sciences and the Scientific and Educational Center of Photonics and Optoinformatics of ITMO University.

    The conference participants, among whom were many young researchers, presented the results of theoretical and experimental research in several traditional areas of photonics at plenary and sectional sessions: creative photonics industries, new optical materials, coherent optics and nonlinear photonics, photonic crystals, metamaterials and topological phases, biophotonics. Attention was also paid to new areas of this science – artificial intelligence in photonics and quantum communications. 10 reports were presented by scientists from Novosibirsk State University and several institutes of the SB RAS: N.N. Vorozhtsov Institute of Organic Chemistry SB RAS, G.I. Budker Institute of Nuclear Physics SB RAS, Institute of Cytology and Genetics SB RAS, G.K. Boreskov Institute of Catalysis SB RAS, etc.

    The plenary and sectional sessions discussed the results of theoretical and experimental research in seven areas: “Artificial Intelligence in Photonics: Integration of AI and Photonics, Optical Recognition (Faces and Objects), Optical Computing, Self-Learning Optical Systems, etc.”; “Quantum Communications: Quantum Information Theory, Quantum Key Distribution, Quantum Optics, Quantum Entanglement, etc.”; “Creative Industries of Photonics: Applied Photonics, Optical Technologies, Optical Methods of Diagnostics of Matter, Optical Metrology, etc.”; “New Optical Materials: Crystals and Crystalline Solid Solutions, Glass, Optical Ceramics, Liquid Crystals, etc.”; “Coherent Optics and Nonlinear Photonics: Coherent Processes, Interaction of Light with Matter, Laser Physics, Nonlinear Optical Phenomena, etc.”; “Photonic crystals, metamaterials and topological phases: resonant and anisotropic photonic structures, nanophotonics, plasmonics, photovoltaic and photocatalytic effects, etc.”; “Biophotonics: emission, detection, absorption, scattering and generation of optical radiation in biological objects, use of light to obtain information about the state of biological objects, etc.”

    Katerina Kozlova, first-year master’s student at the Physics Department of NSU:

    — I gave a report entitled “Registration of the precession of the magnetic moment of rubidium atoms in the Earth’s magnetic field using an elliptically polarized light wave for applications in quantum magnetometry.” It presented experimental data concerning the development of a compact optical magnetometer (magnetic field sensor), which is being developed in our laboratory. This device will be able to measure the absorption of radiation by atoms in a magnetic field and determine its magnitude based on certain changes. The report described two magnetometer schemes: the Bell-Bloom scheme and its modification using elliptical polarization of radiation. The sensitivities of both schemes were assessed and magneto-optical resonances registered in the Earth’s magnetic field were presented.

    The conference left a very positive impression due to the large number of areas and the diversity of the works presented. I realized that I do not know much and am only just beginning to touch upon what modern optics and related areas are doing.

    Sofia Pudova, 4th year undergraduate student at the Physics Department of NSU:

    — Мой доклад был посвящен разработке методики анализа белков, полученных из биожидкостей, на основе спектроскопии комбинационного рассеяния света. Анализировались кондиционные жидкости после культивирования фибробрастов роговицы и модельные объекты — растворы яичного белка в среде DMEM. Были оптимизированы параметры эксперимента, что позволило детектировать белок с начальной концентрацией  >=1 mg/ml and distinguish the spectra of growth and conditioned media. A method for obtaining spectra and assessing the amount of proteins, if their concentration is less than 1 mg/ml, by precipitating them with trichloroacetic acid and adding lysozyme is also proposed.

    I would like to thank NSU for participating in funding this trip. This conference gave me the opportunity to listen to papers from different areas of photonics from speakers from all over Russia and practice presenting my own results. I received a lot of interesting, informative information that will be useful for my future scientific career.

    Anastasia Omelchenko, 5th year student of the Physics Department of NSU:

    — I gave a poster presentation on the study of living tardigrades using Raman spectroscopy. In the Laboratory of Condensed Matter Spectroscopy at the Institute of Automation and Electrometry of the Siberian Branch of the Russian Academy of Sciences, we develop methods that allow non-invasive and non-destructive study of complex biological systems, which we demonstrated at the conference using organisms such as tardigrades as an example.

    The conference left the most positive impressions – it is a wonderful location, a lot of interesting high-level reports and famous scientists who shared the latest scientific achievements with the participants. The conference featured about 300 reports covering modern issues and tasks of photonics – from quantum dot spectroscopy to phototherapy of diseases. In general, it was nice to see many familiar faces, and even nicer to make new promising acquaintances. As part of the conference, we also visited the laboratories of the L.V. Kirensky Institute of Physics SB RAS, where we were shown some of the best devices used in optical spectroscopy.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.nsu.ru/n/media/nevs/science/scientists-NSU-took-participation-in-the-conference-Yenisei-photonics-in-Krasnoyarsk/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Young scientists from the State University of Management completed an internship at the largest agricultural holding in Russia

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    From September 23 to 27, employees of the State University of Management – technician of the Reverse Engineering Laboratory Dmitry Taldykin and specialist of the Business Incubator Artem Podgorny – completed an internship in the Krasnodar cluster of the largest agricultural holding in Russia “STEPPE” as part of the flagship educational project of the Charitable Foundation “Sistema” “Lift to the Future”.

    The internship allowed young specialists to immerse themselves in the production processes of the agricultural holding, become familiar with advanced technologies in the field of agricultural mechanization and collect the necessary theoretical and methodological base for conducting scientific research.

    The GUU employees studied the design of modern harvesting combines and took part in the harvesting of agricultural crops, gaining practical experience working with high-tech equipment. In addition, young scientists tested and adjusted a self-propelled sprayer, studying the operating principles of modern precision tillage systems.

    Special attention was paid to the processes of mechanized harvesting, sorting, packaging and storage conditions of products, including temperature and humidity control to ensure long-term preservation of freshness of vegetables and fruits. In addition, the university representatives visited the machine and tractor station for technical maintenance and repair of equipment and the central warehouse of spare parts, which allowed them to assess the scale of the agroholding’s activities and see with their own eyes the process of technical maintenance of the machine and tractor fleet.

    On the final day of the internship, the young scientists visited the head office of the STEPPE agroholding in Rostov-on-Don, where they were told about the work of unmanned aerial vehicles used for spot irrigation of gardens. The GUU employees studied the methods of setting up UAV geolocation and got acquainted with the software used to automate the irrigation process in order to save water resources in the conditions of intensive gardening.

    The head and curator of the practice was the head of the service station of the agroholding “STEPPE” Ivan Bulgakov. With his active participation, demonstration tests were organized, during which young scientists of the State University of Management not only got acquainted with the advanced equipment of the agroholding, but also had the opportunity to see the work of the latest agricultural machinery in real conditions.

    The State University of Management expresses gratitude to the Sistema Charitable Foundation and personally to the President of the Foundation Larisa Pastukhova for organizing the internship at the STEPPE agroholding. The theoretical and practical knowledge gained in the field of agricultural mechanization will help young specialists of the State University of Management in their future professional and scientific activities.

    Subscribe to the TG channel “Our GUU” Date of publication: 09/30/2024

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    Young scientists from the State University of Management completed an internship at the largest agricultural holding in Russia

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Germany: Germany’s international investment position at the end of 2023

    Source: Deutsche Bundesbank in English

    At the end of 2023, Germany’s net external assets totalled €2,964 billion, thus amounting to just over 70% of Germany’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2023. This was especially true of claims and liabilities from cross-border portfolio investment. However, corporate ties resulting from direct investment by German investors also continued to expand in 2023. By contrast, both assets and liabilities from other investment declined. These include loans and trade credits (where these do not constitute direct investment) as well as currency and deposits. However, as German liabilities in this segment fell even more sharply than claims in 2023, the other investment balance also rose. In net terms, Germany’s net external assets at the end of 2023 were €206 billion higher than at the end of 2022. This increase was attributable in large part to the surplus on the German current account and the resulting net capital exports.
    Net external assets rise on the year once again
    At the end of 2023, Germany’s net external assets stood at €2,964 billion. This was slightly more than 70 % of nominal gross domestic product and meant that this ratio remained virtually unchanged on the year. In 2023, the German net external asset position rose by around €206 billion in absolute terms. Claims on non-residents were up on the year by €381 billion (or 3.1 %) to €12,579 billion; liabilities rose by €175 billion (or 1.9%) to €9,616 billion. Claims mainly reflected transaction-related changes, i.e. asset purchases, as well as positive market price effects. The exchange rate effect, meanwhile, was negative: as the euro effectively appreciated against the currencies of its most important trading partners over the course of the year,[1] the value, in euro terms, of German assets abroad tended to drop where they were reported in a foreign currency. Other non-transaction-related adjustments had a positive impact on Germany’s external assets.[2] The rise in German foreign liabilities was mainly attributable to market price effects, which predominantly occurred around year-end, driven by a more favourable inflation outlook and expectations of falling key interest rates.
    The cross-border transactions recorded in the financial account resulted in net capital exports of €250 billion last year, in line with Germany’s current account surplus. Non-transaction-related changes reduced the increase by €44 billion, however. On balance, negative market price and exchange rate effects were contributory factors. Other adjustments made a positive overall contribution to Germany’s external position.
    Surplus in portfolio investment slightly higher than in 2022
    At €807 billion, the portfolio investment balance at the end of 2023 was around €23 billion higher than in the previous year. Securities claims on non-residents slightly outpaced the corresponding liabilities.[3]
    At the end of 2023, resident investors held foreign securities totalling €4,004 billion, up by €392 billion (or 10.9 %) on the previous year. The rise was mainly the result of net purchases of foreign bonds and positive market price effects. The relative strength of the euro, meanwhile, caused mostly negative exchange rate effects on the assets side. Alongside foreign bonds, resident investors also bought foreign investment fund shares and money market papers. However, they sold foreign shares – in small amounts.
    At the end of 2023, non-resident investors held German securities to the tune of €3,197 billion in their portfolios, which was €369 billion (or 13.1 %) more than at the end of 2022. This was mainly the result of positive market price effects, especially in relation to shares and long-term debt securities. Transactions recorded in the financial account also contributed to the build-up of holdings. On balance, non-resident investors almost exclusively bought German long-term debt securities, as well as, to a lesser extent, short-term debt securities. By contrast, they were net sellers of German shares and investment fund shares.
    Drop in the positive balance for financial derivatives
    At the end of 2023, holdings of financial derivatives and employee stock options registered a positive balance of €27 billion. This was, however, only slightly more than half the size of the previous year’s balance. In 2022, Russia’s war of aggression against Ukraine had triggered severe disruptions in the energy markets and caused considerable net capital exports in forward and futures contracts relating to electricity and gas.
    Further expansion in direct investment
    Cross-border corporate ties involving German firms continued to expand in 2023. German outward direct investment was up on the year by a total of €85 billion (3.0 %) to €2,929 billion, an increase that was, on balance, exclusively attributable to transactions. In particular, German investors boosted their equity capital in enterprises abroad, but also issued additional loans to affiliated group entities. The effective appreciation of the euro meant that exchange rate effects had a negative impact on Germany’s outward foreign direct investment stocks. These valuation losses were, however, largely offset by positive other adjustments and slightly positive market price effects. 
    Non-resident enterprises increased their direct investment in Germany by €26 billion (1.3 %) to €1,995 billion in 2023, with transactions accounting for just over two-thirds of this total. Non-resident investors augmented their equity capital in German enterprises but reduced their intra-group lending to domestic enterprises. 
    On balance, Germany’s direct investment balance at the end of 2023 amounted to around €933 billion and was therefore €59 billion higher than at year-end 2022.
    Other investment: net claims higher
    In other investment, comprising loans and trade credits (where these do not constitute direct investment) as well as currency and deposits amongst others, Germany’s positive net asset position rose by €133 billion on the year, bringing it up to €905 billion at the end of 2023. The Bundesbank’s external claims in this segment fell by €174 billion, which was, on balance, exclusively attributable to the Bundesbank’s lower TARGET balance vis-à-vis the ECB.[4] At the same time, the Bundesbank’s external liabilities in other investment declined, as non-euro area counterparties reduced their deposits with the Bank. On balance, the Bundesbank’s net external position in other investment sank by €33 billion. Monetary financial institutions (excluding the central bank) granted additional loans to non-residents and expanded their holdings of currency and deposits. In both segments, negative valuation effects as a result of exchange rate changes reduced the overall effect on outstanding claims, which rose by €19 billion on balance. Non-residents’ deposits with German monetary financial institutions (excluding the Bundesbank) came down by €65 billion. Overall, the balance of monetary financial institutions (excluding the central bank) in other investment rose by €84 billion last year. General government also recorded a rise in its net claims, by €9 billion, in 2023. By contrast, other investment by enterprises and households swelled by €73 billion on balance. At the end of 2023, claims on non-residents arising from other investment had dropped by €17 billion, or 0.4 %, to €3,867 billion across all sectors. External liabilities fell even more sharply; they stood at €2,963 billion at year-end 2023, down €150 billion, or 4.8 %, on the year. 
    Increase in reserve assets
    The Bundesbank’s reserve assets amounted to €292 billion at the end of 2023 and were therefore up by €16 billion on the previous year. They grew only marginally by €1 billion as a result of transactions. Reserve asset holdings increased on the back of positive market price effects, in particular (€18 billion), with the rise in the price of gold dominating. Taken in isolation, the appreciation of the euro against the US dollar and other important currencies brought the value of reserve assets down by €3 billion.
    uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    Footnotes:
    The fact that the Eurosystem raised key interest rates was also a factor. 
    Non-transaction-related changes include valuation effects as a result of exchange rate or market price movements and other adjustments. Other adjustments include, for instance, write-downs on uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    For more information on transactions in portfolio investment, see Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.
    The Bundesbank’s TARGET claims on the ECB dropped by €176 billion in 2023. That was attributable, amongst other things, to the fact that payments from maturing securities under the asset purchase programme (APP) were no longer being reinvested in full. Reinvestments under the APP were discontinued as of July 2023. See Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.

    MIL OSI

    MIL OSI German News –

  • MIL-OSI Europe: Germany’s international investment position at the end of 2023

    Source: Deutsche Bundesbank in English

    At the end of 2023, Germany’s net external assets totalled €2,964 billion, thus amounting to just over 70% of Germany’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2023. This was especially true of claims and liabilities from cross-border portfolio investment. However, corporate ties resulting from direct investment by German investors also continued to expand in 2023. By contrast, both assets and liabilities from other investment declined. These include loans and trade credits (where these do not constitute direct investment) as well as currency and deposits. However, as German liabilities in this segment fell even more sharply than claims in 2023, the other investment balance also rose. In net terms, Germany’s net external assets at the end of 2023 were €206 billion higher than at the end of 2022. This increase was attributable in large part to the surplus on the German current account and the resulting net capital exports.
    Net external assets rise on the year once again
    At the end of 2023, Germany’s net external assets stood at €2,964 billion. This was slightly more than 70 % of nominal gross domestic product and meant that this ratio remained virtually unchanged on the year. In 2023, the German net external asset position rose by around €206 billion in absolute terms. Claims on non-residents were up on the year by €381 billion (or 3.1 %) to €12,579 billion; liabilities rose by €175 billion (or 1.9%) to €9,616 billion. Claims mainly reflected transaction-related changes, i.e. asset purchases, as well as positive market price effects. The exchange rate effect, meanwhile, was negative: as the euro effectively appreciated against the currencies of its most important trading partners over the course of the year,[1] the value, in euro terms, of German assets abroad tended to drop where they were reported in a foreign currency. Other non-transaction-related adjustments had a positive impact on Germany’s external assets.[2] The rise in German foreign liabilities was mainly attributable to market price effects, which predominantly occurred around year-end, driven by a more favourable inflation outlook and expectations of falling key interest rates.
    The cross-border transactions recorded in the financial account resulted in net capital exports of €250 billion last year, in line with Germany’s current account surplus. Non-transaction-related changes reduced the increase by €44 billion, however. On balance, negative market price and exchange rate effects were contributory factors. Other adjustments made a positive overall contribution to Germany’s external position.
    Surplus in portfolio investment slightly higher than in 2022
    At €807 billion, the portfolio investment balance at the end of 2023 was around €23 billion higher than in the previous year. Securities claims on non-residents slightly outpaced the corresponding liabilities.[3]
    At the end of 2023, resident investors held foreign securities totalling €4,004 billion, up by €392 billion (or 10.9 %) on the previous year. The rise was mainly the result of net purchases of foreign bonds and positive market price effects. The relative strength of the euro, meanwhile, caused mostly negative exchange rate effects on the assets side. Alongside foreign bonds, resident investors also bought foreign investment fund shares and money market papers. However, they sold foreign shares – in small amounts.
    At the end of 2023, non-resident investors held German securities to the tune of €3,197 billion in their portfolios, which was €369 billion (or 13.1 %) more than at the end of 2022. This was mainly the result of positive market price effects, especially in relation to shares and long-term debt securities. Transactions recorded in the financial account also contributed to the build-up of holdings. On balance, non-resident investors almost exclusively bought German long-term debt securities, as well as, to a lesser extent, short-term debt securities. By contrast, they were net sellers of German shares and investment fund shares.
    Drop in the positive balance for financial derivatives
    At the end of 2023, holdings of financial derivatives and employee stock options registered a positive balance of €27 billion. This was, however, only slightly more than half the size of the previous year’s balance. In 2022, Russia’s war of aggression against Ukraine had triggered severe disruptions in the energy markets and caused considerable net capital exports in forward and futures contracts relating to electricity and gas.
    Further expansion in direct investment
    Cross-border corporate ties involving German firms continued to expand in 2023. German outward direct investment was up on the year by a total of €85 billion (3.0 %) to €2,929 billion, an increase that was, on balance, exclusively attributable to transactions. In particular, German investors boosted their equity capital in enterprises abroad, but also issued additional loans to affiliated group entities. The effective appreciation of the euro meant that exchange rate effects had a negative impact on Germany’s outward foreign direct investment stocks. These valuation losses were, however, largely offset by positive other adjustments and slightly positive market price effects. 
    Non-resident enterprises increased their direct investment in Germany by €26 billion (1.3 %) to €1,995 billion in 2023, with transactions accounting for just over two-thirds of this total. Non-resident investors augmented their equity capital in German enterprises but reduced their intra-group lending to domestic enterprises. 
    On balance, Germany’s direct investment balance at the end of 2023 amounted to around €933 billion and was therefore €59 billion higher than at year-end 2022.
    Other investment: net claims higher
    In other investment, comprising loans and trade credits (where these do not constitute direct investment) as well as currency and deposits amongst others, Germany’s positive net asset position rose by €133 billion on the year, bringing it up to €905 billion at the end of 2023. The Bundesbank’s external claims in this segment fell by €174 billion, which was, on balance, exclusively attributable to the Bundesbank’s lower TARGET balance vis-à-vis the ECB.[4] At the same time, the Bundesbank’s external liabilities in other investment declined, as non-euro area counterparties reduced their deposits with the Bank. On balance, the Bundesbank’s net external position in other investment sank by €33 billion. Monetary financial institutions (excluding the central bank) granted additional loans to non-residents and expanded their holdings of currency and deposits. In both segments, negative valuation effects as a result of exchange rate changes reduced the overall effect on outstanding claims, which rose by €19 billion on balance. Non-residents’ deposits with German monetary financial institutions (excluding the Bundesbank) came down by €65 billion. Overall, the balance of monetary financial institutions (excluding the central bank) in other investment rose by €84 billion last year. General government also recorded a rise in its net claims, by €9 billion, in 2023. By contrast, other investment by enterprises and households swelled by €73 billion on balance. At the end of 2023, claims on non-residents arising from other investment had dropped by €17 billion, or 0.4 %, to €3,867 billion across all sectors. External liabilities fell even more sharply; they stood at €2,963 billion at year-end 2023, down €150 billion, or 4.8 %, on the year. 
    Increase in reserve assets
    The Bundesbank’s reserve assets amounted to €292 billion at the end of 2023 and were therefore up by €16 billion on the previous year. They grew only marginally by €1 billion as a result of transactions. Reserve asset holdings increased on the back of positive market price effects, in particular (€18 billion), with the rise in the price of gold dominating. Taken in isolation, the appreciation of the euro against the US dollar and other important currencies brought the value of reserve assets down by €3 billion.
    uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    Footnotes:
    The fact that the Eurosystem raised key interest rates was also a factor. 
    Non-transaction-related changes include valuation effects as a result of exchange rate or market price movements and other adjustments. Other adjustments include, for instance, write-downs on uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    For more information on transactions in portfolio investment, see Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.
    The Bundesbank’s TARGET claims on the ECB dropped by €176 billion in 2023. That was attributable, amongst other things, to the fact that payments from maturing securities under the asset purchase programme (APP) were no longer being reinvested in full. Reinvestments under the APP were discontinued as of July 2023. See Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.

    MIL OSI

    MIL OSI Europe News –

  • MIL-OSI Russia: “StuDos” invites you to open classes

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    The creative team “StuDos” invites you to the first open classes for dancers and vocalists.

    Become a part of our creative family, discover your talent and show yourself to the world! Our team supports any initiatives and efforts. You should definitely visit our open classes and show your talent.

    Dance September 30 at 19:00 Dance floor of the State University of Management (building of the Central University of Management, 1st floor)

    Registration for the class is strictly via this link: https://forms.yandex.ru/u/66f512c75d2a06350cebb30e/ Don’t forget to bring comfortable clothes and shoes. See you on the dance floor!

    Vocals October 9 at 19:00 A-124 (Administrative building of the State University of Management, 1st floor)

    Registration for the class is also strict, but this time via this link: https://forms.yandex.ru/u/66f50c553e9d0833492fe8dd/ Don’t forget to prepare a song.

    Subscribe to the tg channel “Our State University” Announcement date: 09/30/2024

    The creative team “StuDos” invites you to the first open classes for dancers and vocalists.

    Become a part of our creative family,…

    ” data-yashareImage=”https://guu.ru/wp-content/uploads/СтуДос-1.png” data-yashareLink=”https://guu.ru/%d1%81%d1%82%d1%83%d0%b4%d0%be%d1%81-%d0%bf%d1%80%d0%b8%d0%b3%d0%bb%d0%b0%d1%88%d0%b0%d0%b5%d1%82-%d0%bd%d0%b0-%d0%be%d1%82%d0%ba%d1%80%d1%8b%d1%82%d1%8b%d0%b5-%d0%b7%d0%b0%d0%bd%d1%8f/”>

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    “StuDos” invites you to open classes

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: HSE Tops Ranking of Universities Leading Tech Entrepreneurship

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    HSE University has taken the leading position in the university ranking prepared by the Expert Analytical Center. The Techpred-50 ranking evaluates the success of educational institutions in training founders of technology startups for the period from 2014 to 2023. HSE is among the top three, along with MIPT and MSU.

    The rating ranks universities by a number of key indicators, including the number of local and foreign startups created by graduates, the volume of investments attracted, and support for startups at the development stage. The Higher School of Economics scored the maximum score for most parameters, which allowed it to top the rating.

    According to the rating, HSE graduates have played a significant role in creating technology startups both in Russia and abroad. The university is the leader in the number of startups founded that have received support both locally and internationally. The share of startups created by HSE graduates is 44.7% in Russia and 82% abroad. This confirms that the university not only produces highly qualified specialists, but also actively promotes their further professional implementation in global markets.

    In addition, HSE took first place in terms of the volume of investments attracted. According to the rating, startups founded by HSE graduates attracted the largest investments both in rubles at the local level and in dollars in international projects.

    In recent years, the university has been consistently developing programs to support technological entrepreneurship. Particular attention is paid to creating conditions for the development of startups – from acceleration programs to close cooperation with venture funds and business incubators. The university provides students with unique opportunities to implement their projects, providing them with access to experts, financing and development of entrepreneurial competencies.

    “We attach great importance to the development of technological entrepreneurship, because we consider it one of the factors of sustainable economic growth and innovative leadership of Russia. HSE Business Incubator helps our students and graduates to turn their ideas into successful projects. We are proud that our graduates topped the rating and demonstrate such high results,” said Dmitry Shminke, Deputy Vice-Rector, Head of the HSE Business Incubator.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.hse.ru/nevs/edu/967365057.html

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Europe: Indo-Pacific region increasingly important in a turbulent world

    Source: Government of Sweden

    Indo-Pacific region increasingly important in a turbulent world – Government.se

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    Press release from Ministry of Defence

    Published

    Security in the Euro-Atlantic and Indo-Pacific regions is becoming increasingly interlinked. The Government is now presenting a defence policy direction for cooperation between Sweden and countries in the Indo-Pacific region.

    The Indo-Pacific region, the vast and densely populated area that stretches from the east coast of Africa via the Indian Ocean and archipelagos of South-East Asia to the Pacific Islands Countries, has taken on a key defence policy and military role in recent years. 

    These regional developments are increasingly characterised by the dynamic between China and the United States. China’s increasing authoritarianism and cooperation with Russia, as well as the United States’ resource prioritisation between Europe and the Indo-Pacific region, are both impacting the security situation in Europe. The Euro-Atlantic region, including Sweden, would be negatively affected by conflict in the Indo-Pacific region.

    At the same time, the Indo-Pacific region is affected by events in Europe, such as Russia’s full-scale invasion of Ukraine and its aftermath. Security in the Indo-Pacific and Euro-Atlantic regions is increasingly interlinked. 

    “It has therefore become increasingly important to develop defence relations with partner countries in the Indo-Pacific region. The Government’s ambition to do this is presented in the new policy direction,” says Minister of Defence Pål Jonson.

    The Government adopted the direction on 4 July. It was publicly launched during a seminar at the Mediterranean Museum in Stockholm on 30 September, which Mr Jonson participated in. 

    Press contact

    Policy direction in brief

    The direction lists measures intended to strengthen Sweden’s defence cooperation with Indo-Pacific countries within three focus areas:
    • defence relations;
    • military presence;
    • cooperation on defence materiel, innovation and technology.
    Through enhanced cooperation, Sweden and Swedish actors can further national defence capabilities and security while also contributing to peace and stability in the Indo-Pacific region. Within both NATO and the EU, Sweden will pursue increased defence cooperation with partner countries in the Indo-Pacific region.

    MIL OSI Europe News –

  • MIL-OSI Russia: Polytechnic University at the Russian Energy Week: Student Victories, Professional Expertise and Scientific Discussions

    MILES AXLE Translation. Region: Russian Federation –

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

    From September 26 to 28, Moscow hosted the largest discussion forum for discussing development trends in the global fuel and energy complex — Russian Energy Week 2024. Students and teachers of the Polytechnic University took an active part in it, showed excellent results in competitions and spoke at discussion platforms.

    A significant event within the framework of the Youth Day was the summing up of the results of the All-Russian competition “Youth Global Forecast of Energy Development” – a competition among teams that has been held annually since 2017. Each year, teams of students and young industry professionals form scientifically based proposals regarding the future parameters of energy development in accordance with the topic they have chosen.

    This year, 38 student teams and 25 teams of young professionals took part in the competition. As a result, 63 teams representing leading universities and top companies of the country presented their forecasts. 20 of these teams reached the final, where the winners and prize winners in each category were determined. According to the jury of the competition in the category “Students”, the team “Poly Energy” consisting of students of the Higher School of Industrial Management of IPMEiT (Daniil Guryev (team captain), Nonna Gavrikova, Nikolay Kazmin, Elena Kovyazina, Polina Kurenkova, Ulyana Makarenko, Anastasia Malashchitskaya, Daria Moiseenko, Dmitry Rusnak, Polina Sannikova, Vladislav Sedov, Evgeniya Filyanina, Alexander Khomyakov, Nikita Fomin, Aidar Khaliullin) took first place, presenting the work “Development of energy partnership in the BRICS, CIS and EAEU spaces”. The team mentor was Associate Professor Anna Timofeeva.

    As part of the competition final, participation in the panel discussion and questions for the teams were provided by the management of universities and industry companies whose teams reached the final. The Polytechnic University was represented by Vice-Rector for Educational Activities Lyudmila Pankova.

    For the Polytechnic University, this is a truly great student victory. Initially, 1,000 participants applied for the competition, who went through a multi-stage selection. The students worked on the project for six months, refined the solution, and eventually successfully presented it in the final of the competition. It is especially valuable that the students of our university, within the framework of their project, were able to make a small, but still a contribution to determining the main directions of development of the domestic fuel and energy complex and the search for optimal solutions in response to existing challenges, – Lyudmila Pankova commented on the victory of the Polytechnic students.

    Our main objective was to study energy cooperation between Russia and the BRICS, CIS and EAEU member countries. We identified the most promising countries for developing energy partnership. To make a forecast until 2035, it was necessary to study existing and potential ways of cooperation with the selected countries, conduct a SWOT and PESTEL analysis, risk analysis and energy cooperation cases. We created three scenarios for the development of energy partnership: negative, baseline and positive, and for each scenario we offered recommendations on the necessary measures for the Russian government and the country’s largest energy companies. Of course, the “Russian Energy Week” made a strong impression on our entire team with its scale, number of participants and grandeur of the events. We are very glad that we were its full-fledged participants and spoke at it! – shared their impressions the students of the “Poly Energy” team.

    At the end of the REN Youth Day, a ceremonial awarding of all winning teams took place. The Polytechnic University student team was awarded by State Secretary, Deputy Minister of Energy of the Russian Federation Anastasia Bondarenko. The diploma of the winner of the youth forecast for energy development signed by Deputy Chairman of the Russian Government Alexander Novak was ceremoniously presented to the team to thunderous applause.

    After such a stunning conclusion of the competition, the students are charged with optimism, energy and enthusiasm to continue their research and project activities. I am sure that many more brilliant successes and victories await them in the future, – said Olga Kalinina, Director of the Higher School of Industrial Management at IPMET.

    Another significant event for the Polytechnic University was the successful performance of the students of the Institute of Power Engineering at the Youth Day of the Russian Energy University. Masters of the Higher School of Electric Power Systems Gerasimov Alexander, Plastinin Sergey and Ruchkina Anastasia reached the final of the All-Russian competition of final qualification works of bachelors and masters of technical universities on electric power and electrical engineering topics, held by PJSC Rosseti, and Master of the Higher School of High-Voltage Power Engineering Valeeva Evgeniya reached the final of a similar competition of final qualification works, held by Inter RAO.

    In total, 35 universities from all over the country participated in the All-Russian competition of final qualifying work from PJSC Rosseti; the best 10 bachelor’s and 10 master’s works competed for the first three places in their categories. According to the results of the competition, Anastasia Ruchkina won with the topic “Study of methods for identifying consumer phases in a low-voltage electrical network based on data from smart metering devices.” In her work, Anastasia examined the impact of uneven distribution of single-phase consumers on the quality of electricity, and also created an algorithm that determines the phase affiliation of consumers by analyzing data from smart metering devices.

    A very large-scale and significant event, where innovative projects and solutions are discussed and, most importantly, contacts are established between young, goal-oriented power engineers from all over Russia. I am very happy with my victory! – shared Anastasia Ruchkina.

    Ivan Kurta, Head of the Directorate for Continuing Education and Industry Partnerships at the Polytechnic University, also worked at the forum. He participated in the work of discussion platforms devoted to discussing the strategy for developing fuel and energy sectors, introducing new technologies and staffing for technological sovereignty and global leadership of the domestic fuel and energy sector.

    This platform allows us to meet and discuss key issues of the development of the domestic fuel and energy complex. We managed to hold a number of really important meetings and reach agreements on the development of cooperation with HR directors of enterprises that are the largest employers in the energy sector, – noted Ivan Kurta.

    Ivan Kurta also acted as an expert in the main youth event — the REN Cup of the League of Young Specialists of the International Engineering Championship “CASE-IN”. Following his work, Ivan was awarded a letter of thanks from the Ministry of Energy of the Russian Federation.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.spbstu.ru/media/nevs/education/polytech-at-the-Russian-energy-victory-week-students-professional-expertise-and-scientific/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: The government has submitted a draft three-year budget for 2025–2027 to the State Duma

    MILES AXLE Translation. Region: Russian Federation –

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

    The draft law on the federal budget for 2025 and for the planning period of 2026 and 2027 has been submitted to the State Duma for consideration. The order to submit it was signed by Prime Minister Mikhail Mishustin.

    Document

    Order dated September 28, 2024 No. 2693-r

    When drafting the new three-year budget, the Government proceeded from the need to fulfill social obligations to citizens and solve priority tasks outlined by the President.

    Thus, one of the main priorities is targeted support for pregnant women and families with children.

    Submission to the State Duma of the draft federal law developed by the Ministry of Finance “On the federal budget for 2025 and for the planning period of 2026 and 2027”

    12 hours ago

    In particular, over 4 trillion rubles have been allocated for monthly benefits in connection with the birth and upbringing of a child for 2025–2027. Over 1.7 trillion rubles have been planned for the provision of maternity capital, and over 12 billion rubles over three years for subsidies for housing for young families.

    Dmitry Grigorenko on the introduction to the State Duma of the draft federal law developed by the Ministry of Finance “On the federal budget for 2025 and for the planning period of 2026 and 2027”

    12 hours ago

    It is proposed to allocate approximately 37.5 billion rubles to support regional demographic programs aimed at increasing the birth rate.

    The necessary funds have also been allocated for such important areas as hot meals for schoolchildren, payments to class teachers, major repairs and construction of new educational institutions, provision of medicines for beneficiaries, increasing the level of pension provision and resuming indexation of pensions for working pensioners.

    The draft budget allocates over 130 billion rubles to help citizens who find themselves in difficult life situations under the social contract program.

    More than 80 billion rubles are planned for the development of a long-term care system for the elderly and disabled who need such assistance.

    The Government’s priority tasks include the implementation of national projects. A total of more than 18 trillion rubles have been allocated for their financing (19 projects) over three years. Over 40 trillion rubles have been allocated from the federal budget over six years. Compared to the national projects in effect in 2019–2024, funding from the federal budget has been almost doubled.

    An equally important area is financial support for the regions. It is planned to allocate 3.3 trillion rubles annually for these purposes.

    The draft of the new three-year federal budget is based on the basic version of the socio-economic development forecast. It implies that in 2025–2027, economic dynamics will be on a moderate trajectory of 2.5–2.8% of GDP.

    Budget revenues in 2025 will amount to 40.3 trillion rubles, in 2026 – 41.8 trillion rubles, in 2027 – 43.2 trillion rubles.

    Expenditures in 2025 are planned at 41.5 trillion rubles, 44 trillion rubles in 2026, and 45.9 trillion rubles in 2027.

    The execution of the new three-year federal budget is expected with a deficit of 0.5% of GDP in 2025, 0.9% of GDP in 2026 and 1.1% in 2027. During this period, the non-oil and gas deficit will be reduced to 5% of GDP in 2027 (by 2.5 percentage points compared to 2024).

    The main sources of deficit financing in 2025–2027 will be government borrowing. The volume of government debt will remain at a safe level.

    Along with the draft of the new three-year budget, the Government also sent draft budgets of extra-budgetary funds and a number of other bills of decisive importance for public finances to the lower house of parliament.

    This year, the budget package was submitted entirely via electronic communication channels for the first time. This was the result of systematic work to improve the interaction between the Government Office and the State Duma.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52839/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: IMF Staff Completes 2024 Article IV Mission to Cambodia

    Source: IMF – News in Russian

    September 30, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Cambodian economy is projected to grow by 5½ percent in 2024, faster than in 2023, but performance is uneven across sectors. Garment and agricultural exports are strong, and tourism is recovering while real estate and construction are undergoing a correction.
    • Fiscal policy needs to rebuild buffers, while supporting a durable and inclusive recovery of the economy. Raising revenues for growth-enhancing spending on education, health, and infrastructure is important. The risk of debt distress remains low.
    • Monetary and financial measures need to focus on safeguarding financial stability against the backdrop of slowing credit growth and rising non-performing loans (NPLs).
    • Structural reforms to enhance human capital, make the business environment more competitive, and strengthen institutions and governance would promote inclusive and sustainable economic development.

    Phnom Penh,Cambodia : An International Monetary Fund (IMF) team, led by Kenichiro Kashiwase, visited Cambodia during September 17-30 to hold discussions for the 2024 Article IV consultation. At the end of the mission, Mr. Kashiwase issued the following statement:

    “Cambodia’s economic growth has strengthened, but the recovery remains uneven. Real GDP growth is estimated at 5 percent in 2023, a similar pace as in 2022. For 2024, the economy is projected to expand by 5½ percent driven by a strong rebound in garment and agricultural exports and the ongoing recovery in tourism. However, the construction and real estate sectors are going through a correction, following rapid growth in prior years.

    “Inflation has moderated to an average of 1.6 percent (y/y) in the first half of 2024, down from 2.1 percent in 2023, reflecting global commodity price trends and weak domestic demand growth. For the full year, inflation is projected to reach around 1.5 percent before converging towards the long-term trend of 3 percent.

    “The current account (CA) balance is expected to swing back to a deficit of around 1¾ percent of GDP this year as strong imports are expected to outpace robust export growth. International reserves improved and coverage remains broadly adequate.

    “Fiscal deficit in 2023 is estimated at 2.8 percent of GDP with tax revenues falling due to softening of economic growth momentum and rising tax exemptions. Capital expenditure was also lower than planned due to delays in infrastructure execution. The fiscal deficit is projected at around 3 percent of GDP in 2024 and decline gradually over the medium term. Public debt to GDP is projected to increase moderately during the next decade, though the risk of debt distress remains low.

    “Credit growth has sharply slowed amidst deteriorating asset quality and high private sector debt. In 2024Q1, NPLs rose to 6 percent of total loans, reflecting emerging vulnerabilities with the temporary roll-back of the COVID-19 forbearance measures.

    “Risks to the outlook have shifted to the downside, notably due to weaker-than-projected demand from advanced economies and China, geoeconomic fragmentation, and high domestic private debt. Rising NPLs in the tourism and real estate sectors also pose risks to growth and financial stability. On the upside, a continued loosening of global financial conditions would support the recovery.

    “Turning to policies, fiscal policy needs to rebuild the buffers diminished by the pandemic, while accommodating a durable and inclusive recovery of the economy. In case of adverse shocks to the economy, fiscal policy should react with a focus on priority spending measures aligned with development goals and well-targeted social protection for the vulnerable. Strengthening revenues is important to create space for growth enhancing spending on education, health, and infrastructure. Tax exemptions and incentives should be reviewed and rationalized to reduce tax base erosion. Other measures to strengthen revenues include implementing the personal income tax and improving tax compliance and administration efficiency. Improving the targeting of social assistance programs and strengthening public investment management are also priorities. As Cambodia approaches graduation from the least developed country status, continuing to strengthen policy frameworks alongside enhancements to public financial management practices, improved fiscal transparency and governance, and the development of the domestic government bond market would be critical.

    “Monetary policy normalization should resume at a pace calibrated to the economic recovery and banking sector liquidity conditions. Important progress has been made in modernizing monetary policy and FX operations. Further efforts in this direction will be needed to enhance monetary policy transmission and support de-dollarization. Priorities include promoting an active KHR interbank market, developing a liquidity forecasting framework, further strengthening market determination of exchange rates, and improving the operational efficiency of monetary policy.

    “Financial sector policies should focus on maintaining financial stability. Forbearance measures should be phased out to alleviate capital misallocation and address risks of debt overhang. The authorities should ensure proper reporting of loans subject to forbearance and foster the preservation of banks’ liquidity and capital buffers. Provision of credit by real estate developers to homebuyers should be monitored closely and subject to stringent prudential requirements to avoid regulatory arbitrage. Intensified supervision efforts are warranted in the current environment. In the medium term, a comprehensive macroprudential policy strategy should be implemented, and a crisis resolution framework and deposit insurance scheme established.

    “Structural reforms are needed to diversify growth drivers and improve productivity. Enhancing skills and education is essential to reap the demographic dividend, foster technology adoption, and facilitate the transition to climate-resilient, higher-productivity industries. The government’s efforts to promote quality investment in higher-value-added activities and capture more of the value chain in agriculture are commendable. Further efforts to improve financial inclusion, advance digitalization, and enhance climate change resilience will also be needed for inclusive and sustainable development.

    “Continued efforts to strengthen institutions and governance, and to improve quality and transparency of public service deliveries would bolster long-term sustainable growth. Priorities include approval of the law on Whistleblower Protection, the draft law on Transparency, and the draft law on Access to Information. The National Audit Authority’s independence and resources should be strengthened along with improvements in the asset declaration regime and inter-agency cooperation. Addressing data limitations and improving macroeconomic data quality would benefit monitoring of the economy and policymaking. The IMF will continue to provide technical assistance to help improve statistics, and in other areas of capacity development.

    “The IMF team held discussions with senior officials of the Royal Government of Cambodia, the National Bank of Cambodia, and other public agencies, as well as a wide range of stakeholders, including representatives of the business and banking sectors, and development partners. The team wishes to express its deep appreciation to the authorities and other interlocutors for open and constructive discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/09/30/pr24349-cambodia-imf-staff-completes-2024-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Russia: Rosneft held a corporate plogging race in Moscow

    MILES AXLE Translation. Region: Russian Federation –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Rosneft volunteers held an environmental campaign in Moscow’s Izmailovsky Park – plogging, during which Company employees collected garbage while jogging.

    More than 150 employees of the Company and their family members took part in the event. The eco-volunteers ran a route of more than 6 kilometers and collected almost 300 kg of garbage. Preserving the environment for future generations is an integral part of Rosneft’s social policy. The Company promotes a healthy lifestyle culture and supports professional and amateur sports. Plogging is an international environmental movement whose participants combine jogging with garbage collection. The event not only helps improve the environmental situation, but also unites people, giving them the opportunity to spend time outdoors and get a boost of energy.

    The volunteer movement has become an important element of Rosneft’s corporate culture. As part of the corporate program “Good Deeds Platform”, about 800 different events were organized in the first six months of 2024, in which more than 50 thousand employees of the Company took part.

    One of such volunteer projects is plogging runs, which are held annually in the regions where the Company operates. Earlier this year, Rosneft employees collected trash in the Moscow park Fili.

    The Company’s volunteer projects are highly appreciated both at the regional and federal levels. This year, the Syzran Oil Refinery received the public award “Ecobalance” for its contribution to the development of corporate volunteering and environmental protection in the Samara Region, forest restoration and greening of the city of Syzran. “SamaraNIPIneft” won first place in two nominations of the All-Russian competition “Russian Organization of High Social Efficiency” – “For the Development of Human Resources in Non-Production Sphere Organizations” and “For Support of Employees – Parents with Many Children and Their Children Among Organizations”. In addition, the Kuibyshev Oil Refinery was recognized as a laureate of the Kommersant-Volga competition in the nomination “Environmental Education”.

    Department of Information and Advertising of PJSC NK Rosneft September 30, 2024

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.rosneft.ru/press/nevs/item/220858/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Student Olympiad “I am a professional”: the new season has started

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    September 26th was held press conference, dedicated to the opening of the VIII season of the student Olympiad “I am a professional“, the co-organizer of which is the Higher School of Economics. This project of the presidential platform “Russia – the Country of Opportunities” is being implemented with the support of the Ministry of Science and Higher Education of the Russian Federation.

    “I am a professional” is a large-scale platform for testing the knowledge and applied skills of students from Russian universities. The Olympiad has been held since 2017 and covers more than 70 subject areas – from aircraft manufacturing to artificial intelligence. The list of areas is updated annually, taking into account the requests of participants and current changes in the labor market. In the VIII season, such new disciplines as “Project Management” and “Digital Product Management and Innovation” will be presented.

    Participants of the Olympiad learn to solve industry practical problems, which allows training highly qualified specialists already at the stage of study at the university. All tasks are developed by experts from leading universities and research institutes, of which there are more than 30, together with specialists from more than 600 partner companies, including Yandex, Sber, VTB, Rosatom and others.

    “I am a professional” pursues two global goals: to create conditions for professional and personal development of Russian youth and to increase the number of those who seek opportunities for self-realization and want to be successful in the Russian labor market. Therefore, the main idea of this season was the theme “Work and study in Russia”.

    “In Russia, the need for professionals is enormous — all industries need fresh ideas and people who can implement them. Today is the best time to study and work in Russia, because it is here that the best opportunities open up, the most interesting professional challenges, and therefore career prospects, are available. “I am a professional” helps a talented student and his potential employer find each other. The largest and most technologically advanced companies in our country are looking for ambitious interns. “I am a professional” is not just an Olympiad, it is a community that supports you, where your potential is revealed, where you grow both as an individual and as a highly competent specialist,” says Andrey Betin, Executive Director of ANO “Russia — Country of Opportunities”, Rector of the Senezh Management Workshop.

    Over the past seven seasons, more than 1.2 million students have taken part in the Olympiad. The number of registrations is several times higher: in the seventh season alone, over 850 thousand were received, of which more than 17 thousand were students of the Higher School of Economics, which corresponds to the second position in the university rankings by total number of registrations. Moreover, in 2023, HSE was the university that organized seven areas – economics, design, sociology, journalism, business informatics, urban studies and quantum technologies – for which more than 100 thousand registrations were recorded.

    The best participants of the Olympiad receive benefits when entering the master’s and postgraduate programs of the National Research University Higher School of Economics and other leading universities, as well as the opportunity to do an internship and start a career in a large Russian company. Prizes from 100 to 300 thousand rubles are provided for the medalists of the Olympiad: over seven seasons, the total amount of cash prizes amounted to more than 500 million rubles for 3,500 medalists.

    The Olympiad includes the Career Development Center “I am a Professional”, which provides access to internships and vacancies in leading Russian companies, consultations with career experts, educational events and excursions to the offices and production facilities of industry leaders – partners of the Olympiad. More than 300 thousand Olympiad participants gained experience in career navigation, and more than 100 thousand completed internships with the possibility of subsequent employment.

    In Season VIII, it is planned to expand access to the career portal – a platform where each participant can find a vacancy in the profile they are interested in. The opportunity to respond will also be available to Olympiad participants who have successfully passed the selection stage.

    “Today’s economic situation and challenges require new approaches to personnel training. The main task is to help young people not only gain knowledge, but also develop the skills that will allow them to confidently look to the future, adapt to changes and become leaders in their fields. The Olympiad participants are the people who will move the Russian economy forward tomorrow, create innovations and make our country stronger. And we, for our part, are doing everything possible to ensure that these young talents receive support and motivation for further development,” commented Alexander Shokhin, President of the HSE University and President of the Russian Union of Industrialists and Entrepreneurs.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.hse.ru/nevs/edu/968285066.html

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: A thousand letters to the front. A charity event by Polytechnic students

    MILES AXLE Translation. Region: Russian Federation –

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

    Students of the Higher School of Technosphere Safety wrote a thousand letters to servicemen who are currently fighting in the area of the special military operation. The action “Letters to Soldiers” was timed to coincide with the beginning of the school year and the eightieth anniversary of the complete lifting of the siege of Leningrad. The special importance of this action is that it not only raises the morale of our soldiers, but also serves as a reminder that they are appreciated, loved and awaited.

    Such letters become an important source of psychological support and emotional connection with the homeland, and participation in the campaign develops a sense of patriotism, civic responsibility and humanity in young people. Polytechnic students not only realize the importance of supporting the country’s defenders, but also learn to express their thoughts and emotions in kind words, which strengthens social ties within society.

    The students wrote messages, poems, and conveyed the warmest words with love and care. They wished the soldiers a speedy return home and also expressed gratitude for their bravery.

    Deputy Director of the Higher School of Military History for Educational Work Anatoly Zaitsev is confident: Letters to soldiers are not just words on paper, they are a bridge between the world and the front, which brings hope and support to those who defend our freedom.

    Also, students of the Higher School of Technosphere Safety made 5,000 shoe insoles for military personnel. This will give them comfort and convenience when performing combat missions.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.spbstu.ru/media/nevs/student_life/thousand-letters-to-the-front-charity-action-of-polytechnic-students/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: SPbGASU has developed a facility for testing the crack resistance of fiber-reinforced concrete

    MILES AXLE Translation. Region: Russian Federation –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering –

    Mikhail Zhavoronkov, Associate Professor of the Department of Building Materials Technology and Metrology, completed the research work “Study of the influence of dispersed reinforcement parameters on the behavior of fiber-reinforced concrete under load” as part of the grant competition for the implementation of research work by scientific and pedagogical workers of SPbGASU in 2024.

    Fiber concrete has a number of advantages over traditional concrete and reinforced concrete. According to various sources, fiber concrete has increased compressive and bending strength, impact resistance, etc. One of the main advantages of fiber concrete is its increased crack resistance – the ability of the material to resist the formation and development of cracks.

    During the study, an original design setup was developed and assembled. The setup allows for three-point bending of fiber concrete samples measuring 150×150×600 mm and monitoring the applied load and sample deflection caused by this load. It also provides the ability to monitor the distribution of deformations along the height of the working section of the sample. The implementation of this capability allowed for measuring the height of the compressed zone of the cross-section of the tested sample and monitoring its change.

    The setup includes a loading device and a sensor system. The loading device consists of two crossbars, movable and fixed, and two parallel screw pairs. Simultaneous rotation of the screw pairs causes linear movement of the movable crossbar. A concrete or fiber concrete sample is placed between the crossbars on special stops that ensure its three-point bending. The screw pairs are driven into rotation by a system of electric motors, gearboxes, electric couplings, and a chain transmission. The selection of the leading motor, its speed, and direction of rotation is carried out from the control panel. This is done in such a way as to provide the widest possible range of rotation speed adjustment with minimal loss of torque.

    The system of sensors monitoring the behavior of the sample under load during bending includes a strain gauge, 4 linear encoders and 16 strain gauges. The sensors are polled alternately, several times per second, and the obtained data are sent to the computer using a simple circuit solution, where they are displayed in the form of corresponding graphs and tables.

    The obtained graphs of the dependence of deflections on the applied loads can be used to calculate the force and energy characteristics of crack resistance according to GOST 29167-2021, and according to the readings of strain gauges, it is possible to control the height of the compressed zone at different stages of deformation and destruction of samples.

    The properties of fiber concrete and its behavior under load have been studied at the Department of Construction Materials Technology and Metrology of SPbGASU for decades, including within the framework of the scientific school “Nanostructured modification and dispersed reinforcement of building products and structures”. At present, much attention is paid to the topic of theoretical modeling of the behavior of fiber concrete under load. In the course of developing this topic, questions arose about the exact determination of the number of fibers involved in the work of fiber concrete under load. In particular, the installation described above was developed to determine their number.

    The data obtained during the study can be used in the design of fiber-reinforced concrete structures and form the basis for further research, and the mastered testing methods can be implemented during the educational process as part of laboratory work in the relevant disciplines.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.spbgasu.ru/nevs-and-events/nevs/spbgasu-developed-an installation-for-testing-the-crack-resistance-of-fiber-reinforced concrete/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Yuri Trutnev: The authors of more than 200 films are competing for the prizes of the Far East – Land of Adventures competition

    MILES AXLE Translation. Region: Russian Federation –

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

    The authors of more than 200 films are competing for the prizes of the Far East – Land of Adventures competition

    October 1, 2024

    The authors of more than 200 films are competing for the prizes of the Far East – Land of Adventures competition

    October 1, 2024

    The authors of more than 200 films are competing for prizes in the Far East – Land of Adventures competition

    October 1, 2024

    The authors of more than 200 films are competing for the prizes of the Far East – Land of Adventures competition

    October 1, 2024

    The authors of more than 200 films are competing for the prizes of the Far East – Land of Adventures competition

    October 1, 2024

    Previous news Next news

    The authors of more than 200 films are competing for the prizes of the Far East – Land of Adventures competition

    207 films have been admitted to the jury of the All-Russian competition “Far East – Land of Adventures”, as reported by the initiator of the project, Deputy Prime Minister – Plenipotentiary Representative of the President in the Far Eastern Federal District Yuri Trutnev.

    “The Russian Far East is vast and beautiful. Any tourist or traveler can find a vacation to their taste here: from hiking to routes of varying difficulty, and all this in different climate zones. The “Far East – Land of Adventure” competition is important for making active tourism more popular. It brought together travelers and bloggers who made films about the macro-region, introducing millions of Russians to the unique places of the Far Eastern regions. This year, the jury of the competition is selecting the best trips for the second time. This is not an easy job. The authors of more than 200 films are competing for prizes. And I am sure that the jury, whose members are real professionals, will choose the best of the best,” said Yuri Trutnev.

    The largest number of films are about travels in the Sakhalin Region and the Amur Region – 52 and 34 films. In addition, 31 films about adventures in the Khabarovsk Region, 26 materials about travels in the Primorsky Region, 18 – in the Jewish Autonomous Region, 13 – in the Kamchatka Region, 10 – in the Republic of Buryatia, 7 – in the Magadan Region, 6 – in the Republic of Sakha (Yakutia), 6 and 4 films were filmed in the Zabaikalsky Region and the Chukotka Autonomous Okrug.

    Residents of Khabarovsk Krai, Sakhalin Oblast and Amur Oblast most often went on trips. However, residents of other regions also take part in the competition – for example, residents of Moscow and the Moscow Oblast, Altai Krai, Irkutsk, Kaluga, Kirov and Ryazan Oblasts sent films about their trips.

    The travelers went on hikes of varying difficulty: some went on a one-day hike to Mount Lysaya via the Benevskiye waterfalls in Primorsky Krai, while more experienced tourists conquered the hard-to-reach Dusse-Alin ridge in Khabarovsk Krai over 15 days. The contest participants traveled both in the company of friends, close relatives, and alone.

    Applications for participation in the second season of the all-Russian competition for the best trip to the Far East “Far East – Land of Adventures” are accepted until December 30. In order to take part, you need to make a short film up to 8 minutes long about your trip to the Far East and send it to the jury for evaluation on the website puteshestvendv.rf. Works from previous years are also accepted: the trip must have been made no earlier than September 1, 2022 and no later than December 30, 2024.

    The main prize for the best video about a trip to the Far East is 3 million rubles, for winning one of the nominations you can get 1 million rubles, for second place in the nominations – 300 thousand rubles, third place in the nominations – 100 thousand rubles. Moreover, the governor of the Chukotka Autonomous Okrug Vladislav Kuznetsov introduced a separate prize of 1 million rubles, which will be raffled off among participants who have declared a trip to Chukotka.

    It should be noted that not only experienced travelers, but also children accompanied by adults can take part in the competition. Among the winners of the first season were both professionally shot films and footage captured on a regular phone. Based on the results of the competition, the best works of the winners and prize-winners will be broadcast on the air broadcasting grid of regional TV channels, and the reporting information and videos will be added to the interactive map of tourist routes of the Far East regions.

    The best video materials will be selected by the jury members, including: TV journalist, author and host of the TV show “Neputevye Zametki” Dmitry Krylov, Arctic traveler, video blogger Bogdan Bulychev, TV host Valdis Pelsh, head of the project “More than a Journey” Olesya Teterina, State Duma deputy, author and host of the TV show “How the World Works” Timofey Bazhenov, producer of the VK project “Places” Nikita Afinogenov and other experienced travelers. In addition, the winners of the first season of the competition will take part in the evaluation of the works: Elena Poddubnaya, Ernest Leonidov, Alisa Slyshchenko.

    The competition is being held on the initiative of Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev with the support of the Office of the Presidential Plenipotentiary Representative in the Far Eastern Federal District, the Ministry for the Development of the Russian Far East, JSC Far East and Arctic Development Corporation, and the NGO Social Initiatives Development Fund.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52856/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI USA: Biden Administration Announces New Security Assistance Package for Ukraine

    Source: United States Department of Defense

    Today, as part of the surge of assistance that President Biden directed ahead of his meeting with President Zelenskyy, the Department of Defense (DoD) announced a significant new security assistance package to ensure Ukraine has the tools it needs to prevail in its fight against Russian aggression. This security assistance package commits an additional $2.4 billion in support through the Ukraine Security Assistance Initiative (USAI) that will provide Ukraine with additional air defense, Unmanned Aerial Systems, and air-to-ground munitions, as well as strengthen Ukraine’s defense industrial base and support its maintenance and sustainment requirements. 

    The capabilities in this announcement include:

    • Munitions and support for Ukrainian air defense systems;
    • Air-to-ground munitions;
    • Unmanned Aerial Systems (UAS) and components to support Ukrainian production of UAS;
    • Counter-UAS equipment;  Unmanned surface vessels;
    • Secure communications equipment;
    • Equipment and materiel to support Ukrainian munitions production; and 
    • Spare parts, maintenance and sustainment support, and other ancillary equipment.

    This is the Biden Administration’s twenty-first USAI package. The United States will continue to work together with some 50 Allies and partners through the Ukraine Defense Contact Group and its associated capability coalitions to provide the support Ukraine needs to win the war.

    MIL OSI USA News –

  • MIL-OSI USA: Readout of Secretary of Defense Lloyd J. Austin III’s Meeting With United Kingdom Secretary of State for Defence, John Healey

    Source: United States Department of Defense

    Pentagon Press Secretary Maj. Gen. Pat Ryder provided the following readout:

    Secretary of Defense Lloyd J. Austin III met today with his UK counterpart, Secretary of State for Defence, John Healey, on the margins of the AUKUS Defense Ministers Meeting in London. The discussion included the situation in Middle East, support to Ukraine, and continued defense cooperation.

    The two leaders reaffirmed their unwavering commitment to continue supporting Ukraine’s efforts to defend itself against Russian aggression and reiterated the importance of stopping the escalation of violence in the Middle East. Secretary Austin reiterated his thanks for continued defense cooperation with the UK on a wide range of operational and capability development efforts.

    Both leaders look forward to continued coordination and cooperation between our two militaries.

    MIL OSI USA News –

  • MIL-OSI Global: Ukraine recap: Putin’s nuclear sabre-rattling becomes more ominous

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    In recent months, Vladimir Putin and his proxies have been foreshadowing a change in Russia’s nuclear doctrine. This is the set of rules that spells out when and how his country might resort to the use of its nuclear arsenal, which is currently the largest in the world. Most recently his deputy foreign minister, Sergei Ryabkov, said the revisions to the rulebook were “connected with the escalation course of our western adversaries”. In other words: it’s not us, it’s you.

    You don’t have to read too much between the lines to discern a connection between the growing clamour by some in the west to allow Ukraine to use western long-range missiles against targets deep inside Russia and Russia’s decision to reconsider under what circumstances it would use its nuclear arsenal.

    Over the past couple of years – since shortly after he initiated Russia’s full-scale invasion of Ukraine – Putin and his inner circle have regularly invoked Russia’s nuclear deterrent, writes Christoph Bluth, an expert in nuclear proliferation and international security at the University of Bradford. All it seems to take is for the west to agree another large package of funding, or change the terms of its aid to Kyiv for the Kremlin to dust off the doomsday scenario.

    So it comes as little surprise that, shortly after Volodymr Zelensky gave his impassioned speech to the United Nations general assembly yesterday restating his country’s urgent need for more support and more latitude in how to use it, Putin announced his country’s new “draft” nuclear doctrine. Henceforth, he said, Russia would consider using nuclear weapons if it was attacked by any state with conventional weapons. The trigger for the launch of nuclear missiles against Ukraine or any of its allies, he said, would be “reliable information about a massive launch of aerospace attack means and their crossing of our state border”.



    Read more:
    Ukraine war: Vladimir Putin ups the ante on his nuclear blackmail – the big question is how the west will respond

    Bluth recounts how, earlier this month, one of Putin’s proxies, Alexander Mikhailov, the director of the Bureau of Military Political Analysis, recently called for Russia to “bomb plywood mock-ups of London and Washington to simulate a nuclear attack, so that it would ‘burn so beautifully that it will horrify the world’.” Vyacheslav Volodin, the speaker of Russia’s lower house, said that any attacks against Russia would prompt it to respond with nuclear weapons. He is reported to have added – with what appears to have been ghastly relish – that the European parliament in Strasbourg was “only a three-minute flight for a Russian nuclear missile”.

    It’s tempting to dismiss Russia’s threats as just so much sabre-rattling. And there have been plenty of voices in the west urging leaders to defy Putin’s threats. After Ukraine launched its lightning raid into Russia’s Kursk province in August, Zelensky said it was clear that Russia’s red lines were a bluff. He said: “The naive, illusory concept of so-called red lines regarding Russia, which dominated the assessment of the war by some partners, has crumbled apart these days.”

    Colin Alexander, a specialist in political commnunications at Nottingham Trent University, believes that since the end of the cold war the focus of what he calls “fear propaganda” has changed. It has moved away from the prospect of nuclear annihilation to “other threats, such as extremism, pandemics and migration”.

    But anyone who grew up during the cold war will remember the omnipresent fear of the “three-minute warning” regularly reinforced by government messaging, TV documentaries and dramas. These all served to remind everyone that a nuclear holocaust was only a series of wrongheaded decisions away. It’s that atmosphere of peril, writes Alexander, which makes a leader’s threats believable.

    And the “madman theory” which holds that only an unstable leader would contemplate pushing the button, has helped lull people into the idea that a nuclear conflict is indeed unthinkable, because surely no leader would be mad enough. But Alexander concludes by citing the one leader who actually did drop a nuclear bomb in an enemy:

    US president Harry S. Truman pushed the button in 1945. He was then given detailed reports of the death and destruction that his decision caused to Hiroshima. Then he pushed the button again to annihilate Nagasaki.



    Read more:
    The world isn’t taking Putin’s nuclear threats seriously – the history of propaganda suggests it should

    Zelensky’s plea

    Zelensky’s speech to the UN general assembly was compelling and moving in equal measure. He warned of intelligence reports that Russia was preparing to target Ukraine’s nuclear power plants as part of its campaign to wreck the country’s energy infrastructure before winter. He mourned for the children of Ukraine, who “are learning to distinguish the sounds of different types of artillery and drones because of Russia’s war”. And he restated his ten-point plan for peace, which involves Russia withdrawing from all the lands it has occupied since 2014.

    But, Stefan Wolff notes, a growing number of countries are lining up behind a peace plan proposed earlier in the year by China and Brazil, which would freeze the conflict along the existing frontlines before proceeding to negotiations.

    The state of the conflict in Ukraine as at September 25.
    Institute for the Study of War

    Wolff, an expert in international security at the University of Birmingham, believes this plan is deeply flawed. For one thing it would inevitably involve Kyiv being forced to give up territory illegally annexed by Russia. It would also give Russia time to regroup, rearm and train extra troops and would almost certainly not guarantee a lasting peace, but would simply stave off another Russian assault on Ukraine.

    But Zelensky faces two key problems which make his diplomatic mission that much harder. His voice is in danger of being drowned out by the conflict in the Middle East, which appears almost inevitably bound for a ground war in Lebanon in days to come. And the prospect of Donald Trump winning a second term in about six weeks’ time, means that the days of Washington as Kyiv’s staunchest partner could well be coming to an end.



    Read more:
    Ukraine war: Zelensky’s pleas for help are getting drowned out in the clamour from the Middle East

    As the conflict drags on – 31 months and counting – there is evidence that some Ukrainians would give up territory in return for peace and an end to the killing. Our team of political scientists, Kristin M. Bakke of UCL, Gerard Toal of Virginia Tech and John O’Loughlin of University of Colorado Boulder, have been polling Ukrainians since the invasion and have detected a definite shift in attitudes towards the conflict.

    While most Ukrainians still hate the idea of having to give up territory to Russia, support for the proposition that Ukraine should “continue opposing Russian aggression until all Ukrainian territory, including Crimea, is liberated” had fallen from 71% in 2022 to 51% now. And, while in 2022 just 11% of respondents agreed with “trying to reach an immediate ceasefire by both sides with conditions and starting intensive negotiations”, that number had almost tripled in the most recent polling.

    Interestingly, the researchers note, while most people they spoke with professed unchanged support for their country’s war effort, a growing number said they were worried that their fellow Ukrainians were beginning to suffer from war-weariness.



    Read more:
    Growing number of war-weary Ukrainians would reluctantly give up territory to save lives, suggests recent survey

    Land grabs

    Russia is already calling for more territory in eastern Ukraine in the form of a “buffer zone” around Ukraine’s second city, Kharkiv in the north-east of the country. This, the Kremlin claims, is to protect Russian towns from shelling and missile attacks from Ukrainian territory.

    Interestingly, writes Iain Farquharson, a security expert and military historian at Brunel University London, Israel has also proposed setting up a buffer zone in southern Lebanon, to protect Israelis living near the the country’s northern border from Hezbollah missile barrages.

    Farquharson considers the history of buffer zones in the Middle East and beyond. Firstly, buffer zones rarely live up to their supposed function – as Afghanistan’s misfortune to be between British India and southern Russia in the 19th century and Lebanon’s bad luck to be between Syria and Israel in the 1960s and 1970s amply demonstrate.

    But what Russia and Israel are proposing are not so much buffer zones as land grabs, pure and simple. There’s no sense that either country is willing to contribute any of its own territory to these so-called demilitarised areas (or that they’ll actually be demilitarised). They should, he writes, “instead primarily be seen as a way of formalising control over contested territory to protect their home bases, which would give them a military advantage”.



    Read more:
    When Russia and Israel talk about setting up ‘buffer zones’ what they are really talking about is a land grab

    – ref. Ukraine recap: Putin’s nuclear sabre-rattling becomes more ominous – https://theconversation.com/ukraine-recap-putins-nuclear-sabre-rattling-becomes-more-ominous-239974

    MIL OSI – Global Reports –

  • MIL-OSI USA: Durbin Statement On Ukrainian President Zelenskyy’s Meeting With United States Senators

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    09.26.24
    WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL), Co-Chair of the Senate Ukraine Caucus, today released the following statement after Ukrainian President Volodymyr Zelenskyy met with United States Senators:
    “President Zelenskyy’s message remains clear: without continued U.S. support, Ukraine will lose the war.  Allowing a Putin victory in Ukraine would surrender U.S. leadership around the world, undermine the hard-fought stability in Europe that emerged after two devasting world wars, and further endanger the Baltics, Poland, and others in the region.  President Biden understands these historic stakes and has led a critical allied effort to reject Russia’s threat to the global order. 
    “For more than two-and-a-half years, our Ukrainian allies have fought off one of the largest militaries in the world—and given their lives to do it.  While I’m pleased Congress came together to pass a vital aid package to help our Ukrainian friends earlier this year, we must continue to push for the resources, equipment, and flexibility necessary to prevail against Russian tyranny.  We cannot walk away from Ukraine at this moment in history, and I reiterated my support to President Zelenskyy in today’s meeting.”
      
    -30-

    MIL OSI USA News –

  • MIL-OSI Translation: Canada-France Declaration on a Strengthened Partnership in Defence and Security

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 1

    Meeting in Ottawa on September 26, 2024, the Right Honourable Justin Trudeau, Prime Minister of Canada, and Emmanuel Macron, President of the French Republic, call for working together to foster the development of a strengthened partnership in defence and security.

    September 26, 2024 – Ottawa, Ontario – Global Affairs Canada

    Meeting in Ottawa on September 26, 2024, the Right Honourable Justin Trudeau, Prime Minister of Canada, and Emmanuel Macron, President of the French Republic, call for working together to foster the development of a strengthened partnership in defence and security.

    Canada and France have a strong defence relationship, based on shared history and interests, a common language and universal values.

    During the 20th century, Canada and France have forged a close defence relationship. During both world wars, Canadian and French soldiers fought side by side. This year, our two countries celebrated the eightieth anniversary of the Normandy landings. This defence relationship was solidified in 1949 with the establishment of the North Atlantic Treaty Organization (NATO), of which our two countries are founding members, and with our joint participation in several peacekeeping operations under the auspices of the United Nations, in operations under NATO command, and as part of the international coalition against Daesh.

    We share common security interests in a context of serious international tensions and, more broadly, the assertion of power logics and fait accompli. The year 2024 is thus characterized by an increase in meetings between our respective authorities, both at the political and military levels, with a shared desire to boost our exchanges in the field of defense and security, in order to establish a more ambitious strategic partnership. We are convinced that strengthened cooperation between our two countries will make it possible to better contribute to defending the international order based on the rules of respect for the sovereignty of States and our democratic principles. Together, we are determined to do our part to uphold the principles of the United Nations Charter, to contribute to the management of international crises and conflicts, including in the cyber domain, and to ensure the security and collective defense of NATO members.

    We will therefore deepen our defence and security cooperation with a view to supporting Ukraine, contributing to regional stability and security in the Indo-Pacific, strengthening our collaboration in crisis management and in the modernisation of our armed forces and combating foreign interference and the manipulation of information.

    Support Ukraine

    Canada and France will support Ukraine for as long as it takes to defeat Russia’s war of aggression in flagrant violation of international law, including the United Nations Charter. Our support for Ukraine’s independence, sovereignty and territorial integrity within its internationally recognized borders is unwavering. In line with the G7 Joint Statement of Support for Ukraine of July 2023, Canada and France have respectively signed bilateral agreements with Ukraine committing them, over the long term, to strengthening Ukraine’s capacity to defend itself, developing the country’s resilience and deterring Russia from any further aggression.

    We will strengthen our cooperation in the field of military material support to Ukraine and in the field of training, within the Ukraine Defence Contact Group (UDCG – also called the “Ramstein format”).

    Canada and France have already trained tens of thousands of Ukrainian soldiers through Operation UNIFIER for Canada and the EU Military Assistance Mission in Support of Ukraine (EUMAM Ukraine) for France. Our armed forces have continued cooperation on the training of Ukrainian fighter pilots. Our armed forces will continue to deepen their strategic cooperation in the field of cyber defence in support of Ukraine. We are determined to work with Ukraine and our partners to enable Ukraine to defend its sovereignty, independence and territorial integrity in the face of Russian aggression, both in traditional domains and in cyberspace, including by supporting the strengthening of Ukraine’s civilian cybersecurity capacities through the Tallinn Mechanism. More broadly, we will continue our discussions on the topics of common interest discussed at the Paris conference on February 26, 2024.

    Canada and France recognize that the deportation of Ukrainian children is a major issue and will continue their efforts, within the framework of the international coalition, for the return of Ukrainian children deported to Russia.

    Contributing to regional stability and security in the Indo-Pacific

    Canada and France are two Pacific countries that wish to actively contribute to regional stability and security. We aim to maintain an open and inclusive Indo-Pacific region, free from excessive dependencies and any form of coercion, and based on respect for international law, sovereignty and multilateralism.

    We reaffirm our shared commitment to support peace and stability on the Korean Peninsula through the implementation of United Nations resolutions and the enforcement of sanctions imposed by the United Nations Security Council. We remain fully mobilized with our partners to deter any attempt to circumvent these sanctions through maritime and air-sea surveillance.

    We deplore the escalating tensions in the South China Sea. We firmly oppose coercive or destabilizing activities, which lead to increasingly violent and recurring incidents, and call for enhanced dialogue between the different parties. We also emphasize the importance of the ability of all States to exercise their rights and freedoms, including freedom of navigation and overflight, in accordance with international law, including the United Nations Convention on the Law of the Sea.

    Our two countries will strengthen their cooperation in strategic and military analysis in the area, study the deployment of future joint patrol missions and increase their participation in multilateral exercises. This cooperation will improve interoperability between the armed forces of our two countries. With this in mind, we will work on the possibility of integrating Canadian support for the deployment of the Charles de Gaulle aircraft carrier.

    Canada and France will deepen cooperation to combat illegal fishing and conduct maritime surveillance with Pacific Island countries to strengthen their sovereignty. We will work toward joint deployments in the area. We will also strengthen regional security by participating in training for Pacific Island partner countries.

    Strengthening our collaboration in international crisis management and engaging together

    Canada and France recognize that climate change is not only an environmental threat, but also one of the greatest security challenges of our time. We strongly support NATO’s Action Plan on Climate Change and Security, including as co-sponsors, with 10 other Allies, of the NATO Centre of Excellence for Climate Change and Security in Montreal.

    We will share our crisis management situation assessments, as we did recently during the crisis in Haiti and in anticipation during targeted situation assessment exchanges in areas of common interest, such as the Middle East. We will identify new opportunities to deploy together. We will strengthen the NATO partnership by sharing experience between framework nations for the Canadian deployments in Latvia and the French deployments in Romania. France is ready to cooperate with Canada to facilitate logistical support to Canadian forces positioned in Latvia.

    In the Canadian Arctic, Canada and France are collaborating on Operation NANOOK, the Canadian Armed Forces’ flagship operation in this region. Our two countries aim to increase joint navigation exercises, experience sharing, interoperability and crew training in polar environments, particularly by leveraging the expertise and support of the Canadian Armed Forces in the Canadian Arctic.

    In the Sahel and more recently in the Gulf of Guinea, Canada provides unwavering support to the French armed forces through its operation FREQUENCE. We intend to renew this important and effective cooperation in 2025.

    Strengthening our collaboration in the modernization of the armed forces

    To better respond to crises, Canada and France will deepen their partnership to modernize their armed forces and improve their ability to engage together.

    We will continue to share expertise in human resources, which form the heart of our armed forces, in order to improve recruitment or for training in specific skills, by drawing on the capabilities that each has, particularly in terms of transport and strategic supply or submarine forces.

    Canada and France are committed to increasing their defence resources and strengthening their capabilities in order to ensure their sovereignty and support their partners. In this context, we will develop the sharing of our respective technological know-how, and work on new concrete cooperation in the land, maritime, air and cyber domains. We will continue our discussions on the organization and improvement of our industrial and acquisition processes.

    Combating foreign interference and manipulation of information

    Canada and France are facing foreign interference operations and the manipulation of information. Canada and France will strengthen their exchanges in order to respond effectively to these threats.

    Through our commitment to the G7 Rapid Response Mechanism (G7 RRM), our two countries are developing a collective response framework to counter foreign information manipulation operations, as announced at the G7 Summit in Puglia. These efforts must be accompanied by support for honest and quality information, for example through the Partnership for Information and Democracy and its Forum on Information and Democracy. We welcome initiatives such as the Journalism Trust Initiative, in which several of our Canadian and French media participate, to promote quality information.

    Through the G7 MRR, we are also developing collective approaches to counter other threats to democracy and will continue to advance these goals under our successive G7 presidencies in 2025 and 2026.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Canada: Canada–France Declaration on a Stronger Defence and Security Partnership

    Source: Government of Canada News

    On September 26, 2024, in Ottawa, the Right Honourable Justin Trudeau, Prime Minister of Canada, and Emmanuel Macron, President of the French Republic, called on our countries to work together towards a stronger defence and security partnership.

    September 26, 2024 – Ottawa, Ontario – Global Affairs Canada

    On September 26, 2024, in Ottawa, the Right Honourable Justin Trudeau, Prime Minister of Canada, and Emmanuel Macron, President of the French Republic, called on our countries to work together towards a stronger defence and security partnership.

    Canada and France have cultivated a strong defence relationship, founded upon shared history, interests, a common language and universal values.

    During the 20th century, Canada and France developed a close defence relationship. During both World Wars, Canadian soldiers and French soldiers fought side by side and this year, our countries celebrated the 80th anniversary of the Normandy landings. Our defence relationship was solidified in 1949 with the creation of the North Atlantic Treaty Organization (NATO), of which our two countries are founding members, as well as through our joint participation in various United Nations peacekeeping operations, NATO-led operations, and the Global Coalition Against Daesh.

    We share common security interests in a world facing serious international tensions and, more broadly, one marked by unilateral assertions of power. Given this, our respective officials, both political and military, have met with one another more regularly in 2024, to enhance our conversations on defence and security, and ultimately build a more ambitious strategic partnership. We are convinced that stronger cooperation between our two countries will facilitate better defence of the rules-based international order founded on respect for state sovereignty, and our democratic principles. Together, we are committed to doing our part to uphold the principles of the Charter of the United Nations; to help manage international crises and conflicts, including in the cyber domain; and to ensure the collective security and defence of NATO members.

    We will therefore expand our defence and security cooperation to support Ukraine, contribute to regional stability and security in the Indo-Pacific, reinforce our collaboration on crisis management and modernization of our armed forces, and fight against foreign interference and information manipulation.

    Support Ukraine

    Canada and France will support Ukraine for as long as it takes to thwart Russia’s war of aggression, which is a flagrant violation of international law, including the Charter of the United Nations. Our support for Ukraine’s independence, sovereignty and territorial integrity within its internationally recognized borders is unwavering. In line with the G7 Joint Declaration of Support for Ukraine of July 2023, Canada and France respectively signed bilateral agreements with Ukraine to confirm our commitment to strengthen Ukraine’s ability to defend itself, foster resilience in the country, and deter future aggression from Russia in the long-term.

    As part of the Ukraine Defence Contact Group (UDCG), also known as the Ramstein group, we will strengthen our cooperation in the area of military equipment support to Ukraine and training.

    Canada and France have trained tens of thousands of Ukrainian soldiers through Operation UNIFIER (Canada) and the EU Military Assistance Mission in support of Ukraine (France). Our armed forces have cooperated on training Ukrainian fighter pilots. Our armed forces will continue to deepen their strategic cooperation in the field of cyber defence in support of Ukraine. We are determined to work with Ukraine and our partners to support Ukraine in defending its sovereignty, independence and its territorial integrity against Russian aggression, both in the traditional domains and in cyberspace, including by helping strengthen Ukraine’s civilian cyber capacity through the Tallinn Mechanism. More broadly, we will continue our conversations on the topics of shared interest broached at the conference in Paris on February 26, 2024.

    Canada and France recognize that the deportation of Ukrainian children is a major concern and, as part of the international coalition, we will continue our efforts to ensure the return of the Ukrainian children deported to Russia.

    Contribute to regional stability and security in the Indo-Pacific

    Canada and France are two Pacific nations that wish to actively contribute to regional stability and security. We aim to maintain an open and inclusive Indo-Pacific region, free of excessive dependencies and any form of coercion, and founded on respect for international law, sovereignty and multilateralism.

    We reaffirm our shared commitment to support peace and stability on the Korean Peninsula, through implementing United Nations resolutions and implementing sanctions decided upon by the United Nations Security Council. We remain fully engaged with our partners to dissuade any attempt to circumvent those sanctions by means of maritime surveillance and maritime air surveillance.

    We deplore the rising tensions in the South China Sea. We strongly oppose coercive and destabilizing activities, which are leading to increasingly violent and recurrent incidents, and call for the various parties to engage in dialogue. We also highlight the importance for all states to be able to exercise their rights and freedoms, including freedom of navigation and overflight, in accordance with international law, including the United Nations Convention on the Law of the Sea (UNCLOS).

    Our two countries will strengthen our cooperation in terms of strategic and military analysis in the region, study opportunities for deploying future joint patrol missions, and increase our participation in multilateral exercises. This cooperation will improve interoperability between the armed forces of our two countries. In the same vein, we will consider integrating Canadian support to the deployment of the aircraft carrier Charles de Gaulle.

    Canada and France will cooperate more closely to fight against illegal fishing and ensure maritime surveillance with Pacific Island countries in order to strengthen their sovereignty. We will work on joint deployments in the area. We will also strengthen regional security by participating in the training of Pacific Island partner countries.

    Collaborate more closely on international crisis management and conduct joint operations

    Canada and France recognize that climate change is not only an environmental threat, but is also one of the greatest security challenges of our time. We wholeheartedly support NATO’s Climate Change and Security Action Plan, and we are two of the 12 sponsoring Allied nations of the NATO Climate Change and Security Centre of Excellence in Montreal.

    We will share our crisis management situation assessments, as we did recently during the crisis in Haiti, and in anticipation of situations in areas of mutual interest, like the Middle East. We will identify new opportunities to deploy together. We will strengthen the partnership within NATO by sharing experience among framework nations for Canada’s deployment in Latvia and France’s deployment in Romania. France stands ready to cooperate with Canada to facilitate logistical support to Canadian forces prepositioned in Latvia.

    In the Canadian Arctic, Canada and France collaborate on Operation NANOOK, the Canadian Armed Forces’ signature operation in that region. Our two countries wish to increase joint navigation exercises, knowledge sharing, interoperability and training of crews in polar environments, drawing on the expertise and support of the Canadian Armed Forces in the Canadian Arctic.

    In the Sahel and more recently in the Gulf of Guinea, Canada has provided the French Armed Forces with unfailing support under Operation FREQUENCE. We intend to renew this important, effective collaboration in 2025.

    Collaborate more closely on the modernization of armed forces

    To better respond to crises, Canada and France will deepen our partnership to modernize our armed forces and improve our ability to conduct joint operations.

    We will continue sharing expertise on human resources, the heart of our armies, to improve recruitment and training on specific skills, while leveraging each other’s capabilities in areas such as transport, strategic resupply, and submarine forces.

    Canada and France are committed to increasing our defence capacity and strengthening our capabilities to ensure our sovereignty and support our partners. To that end, we will share our respective technical know-how, and will find tangible new ways to work together on land, sea, air and cyberspace. We will continue discussing how to organize and improve our industrial and procurement processes.

    Fight against foreign interference and information manipulation

    Canada and France are confronted with foreign interference operations and information manipulation. Canada and France will increase communication with each other to effectively respond to those threats.

    Through our commitment to the G7 Rapid Response Mechanism (G7 RRM), our two countries are developing a collective response framework to counter foreign operations of information manipulation, as announced at the G7 Summit in Apulia. These efforts must be accompanied by support for factual and high-quality information, such as through the International Partnership on Information and Democracy and the Forum on Information and Democracy. We welcome initiatives such as the Journalism Trust Initiative, in which Canadian and French media are participating, to foster high-quality information.

    Thanks to the G7 RRM, we are also developing collective approaches to counter other threats to democracy and will continue to advance these objectives during our successive G7 presidencies in 2025 and 2026.

    MIL OSI Canada News –

  • MIL-OSI Russia: Financial news: 09/26/2024, 10:29 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JXXD3 (Rosnft1P6) were changed.

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    09.26.2024

    10:29

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on September 26, 2024, 10:29 (Moscow time), the values of the upper limit of the price corridor (up to 107.93) and the range of market risk assessment (up to 1160.6 rubles, equivalent to a rate of 11.25%) of the security RU000A0JXXD3 (Rosnft1P6) were changed.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73470

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 09/26/2024, 10:30 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JXXE1 (Rosnft1P7) were changed.

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    09/26/2024

    10:30

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on September 26, 2024, 10:30 (Moscow time), the values of the upper limit of the price corridor (up to 107.17) and the range of market risk assessment (up to 1147.56 rubles, equivalent to a rate of 10.0%) of the security RU000A0JXXE1 (Rosnft1P7) were changed.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73471

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 09/26/2024, 10:30 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JWNB0 (RosbankB26) were changed.

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    09.26.2024

    10:30

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on September 26, 2024, 10:30 (Moscow time), the values of the upper limit of the price corridor (up to 95.46) and the range of market risk assessment (up to 1034.84 rubles, equivalent to a rate of 18.75%) of the security RU000A0JWNB0 (RosbankB26) were changed.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73472

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 09/26/2024, 10:17 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JUW23 (Rosbn15IP) were changed.

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    09/26/2024

    10:17

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on September 26, 2024, 10:17 (Moscow time), the values of the upper limit of the price corridor (up to 103.59) and the range of market risk assessment (up to 67.94 rubles, equivalent to a rate of 6.25%) of the security RU000A0JUW23 (Rosbn15IP) were changed.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73466

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 09/26/2024, 10:24 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JUKX4 (DOM.RF30ob) were changed.

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    09/26/2024

    10:24

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on September 26, 2024, 10:24 (Moscow time), the values of the upper limit of the price corridor (up to 103.04) and the range of market risk assessment (up to 1071.81 rubles, equivalent to a rate of 8.13%) of the RU000A0JUKX4 security (DOM.RF30ob) were changed.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73468

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Softline’s IPO on Moscow Exchange turns one year old

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    September 26, 2024 marks exactly one year since the start of trading in shares of PJSC Softline (SOFL) on the Moscow Exchange.

    Softline is one of the leading IT companies in Russia, a provider of solutions and services in the field of digital transformation and information security.

    The IPO successfully completed the company’s reorganization after its division into foreign and Russian parts of the business in 2022. With the start of trading, new investors were able to purchase shares of the now entirely domestic PJSC Softline.

    At the start of trading, the share of shares in free circulation (free-float) was about 15.7%, today this figure exceeds 20%. Softline shares are included in Innovation and Investment Market Sector Moscow Exchange, are included in the calculation base Moscow Exchange Innovation Index, Moscow Exchange Broad Market Index And Moscow Exchange IPO Index.

    In September 2024, about 100 thousand private investors were registered among the company’s shareholders, and their number continues to grow.

    In February 2024, the company held Investor’s Day on the Moscow Exchange platform and shared its results, achievements and development plans. Softline also participates in Moscow Exchange Annual Reports Competition, demonstrating best practices in information disclosure and corporate governance.

    Congratulations to the company on the first anniversary of listing on the Moscow Exchange!

    PJSC Softline is one of the leaders in the IT market with over 30 years of experience, a wide regional presence in more than 25 representative offices throughout Russia and access to qualified personnel, with over 9,100 employees, more than half of whom are engineers and developers. Currently, PJSC Softline is one of the fastest growing companies in the industry. In 2023, its turnover exceeded 91 billion rubles. The group ensures and accelerates the digital transformation of its customers’ businesses, connecting about 100,000 end customers from various industries with more than 5,000 best-in-class IT manufacturers.

    Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Moscow Exchange Group includes the central depository (Non-bank credit institution joint-stock company National Settlement Depository) and the clearing center (Non-bank credit institution – central counterparty National Clearing Center (Joint-stock company)), which performs the functions of the central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.

    Contact information for media 7 (495) 363-3232PR@moex.com

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73465

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Alexander Novak held a meeting with the Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov on the sidelines of the international forum “Russian Energy Week”

    MIL OSI Translation. Region: Russian Federation –

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

    Alexander Novak held a meeting with the Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov on the sidelines of the international forum “Russian Energy Week”

    September 26, 2024

    Alexander Novak held a meeting with the Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov on the sidelines of the international forum “Russian Energy Week”

    September 26, 2024

    Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov

    September 26, 2024

    Alexander Novak held a meeting with the Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov on the sidelines of the international forum “Russian Energy Week”

    September 26, 2024

    Previous news Next news

    Alexander Novak held a meeting with the Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov on the sidelines of the international forum “Russian Energy Week”

    Deputy Prime Minister of the Russian Federation Alexander Novak held a meeting with the Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov on the sidelines of the international forum “Russian Energy Week”. The parties discussed cooperation in the oil, gas, coal and electric power sectors, in the implementation of projects in the field of renewable energy and peaceful nuclear energy.

    The meeting participants discussed issues of mutual integration of industrial projects and improvement of the investment climate, as well as opportunities for cooperation in the field of small and medium-sized businesses.

    “Trade, economic and investment relations between our countries are developing dynamically, and comprehensive work to expand them continues. Last year, mutual trade turnover increased by 11.5% and reached 823 billion rubles. Exports amounted to 564 billion rubles and increased by 8.8% year-on-year, imports – 258 billion rubles (17.9%). This year, the trend continues: over 6 months, trade turnover increased by 8.7%, exports – by 9%, imports – by 8.3%,” noted Alexander Novak.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52808/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    MIL OSI Translation. Region: Russian Federation –

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

    Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    September 26, 2024

    Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    September 26, 2024

    Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    September 26, 2024

    Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    September 26, 2024

    Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    September 26, 2024

    Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    September 26, 2024

    Previous news Next news

    Alexander Novak held a panel session “World energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”

    Deputy Prime Minister Alexander Novak spoke at the panel session “Global energy as the basis for economic growth and well-being: in search of balance” at the international forum “Russian Energy Week”.

    The discussion was also attended by the Secretary General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel, the Executive Vice President, Minister of Oil of the Bolivarian Republic of Venezuela Delcy Eloina Rodriguez Gomez, the Minister of Energy of the Islamic Republic of Iran Abbas Aliabadi, the State Secretary for the Development of Bilateral Relations of the Ministry of Foreign Affairs and Foreign Economic Relations of the Republic of Hungary Illes Boglarka, the Deputy Prime Minister of the Republic of Belarus Viktor Karankevich, the Minister of Energy of Uzbekistan Jurabek Mirzamakhmudov.

    During the session, participants discussed issues of the functioning of the global energy market in the context of growing demand for global energy over the next 20 years, the role of traditional and renewable energy sources, as well as the impact of unlawful restrictions on hydrocarbon-producing countries.

    According to Alexander Novak, over the past 10 years, demand for global energy has grown by 13-14%. In the next 20 years, primary energy consumption will grow by 25%. Both its consumption and the range of industries that generate demand for it will change structurally. In particular, the Deputy Prime Minister recalled that today digital technologies already consume 8-10% of energy, and in the next three years this volume will double, primarily due to the active implementation of artificial intelligence, as well as increased consumption by electric transport. Despite the growth in the share of renewable energy sources, hydrocarbons will continue to play a key role in the global energy balance.

    “Traditional energy sources, hydrocarbons, and primarily oil and gas, will continue to provide supply on global energy markets. If today we see an annual growth in oil consumption of 1-2%, then by 2050, instead of today’s 102 mbps (million barrels per day), we will see about 120 mbps. As for gas, the rate of consumption growth will be even higher: approximately plus 35% to today’s volumes by 2050. That is, we can state that, despite a slight decrease in the share of hydrocarbons, they will still dominate in ensuring global energy consumption,” noted Alexander Novak.

    The Deputy Prime Minister recalled that Russia is a key player in the global oil market. The strategy for the development of the fuel and energy complex until 2050 envisages maintaining global leadership based on the introduction of modern technologies, achieving technological sovereignty, modernizing the oil, gas, and electric power industries, developing new logistics routes, transport and port infrastructure.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52809/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI: Cegedim: Revenue and EBITDA both increased in the first half of 2024

    Source: GlobeNewswire (MIL-OSI)

         
     

    PRESS RELEASE

    First-half financial information at June 30, 2024
    IFRS – Regulated information – Audited

    Cegedim: Revenue and EBITDA both increased in the first half of 2024

    • Revenue grew 6.0% as reported and 4.6% LFL to €319.0 million
    • EBITDA rose 6.9% to €52.2 million
    • Recurring operating income(1) (REBIT) fell 3.4% to €10.3 million

    Boulogne-Billancourt, France, September 26, 2024, after the market close

    Cegedim generated consolidated H1 2024 revenues of €319.0 million, a 6.0% year-on-year increase as reported, and EBITDA of €52.2 million, a €3.4 million or 6.9% increase. Recurring operating income fell €0.4 million, or 3.4%, to €10.3 million.

      H1 2024 H1 2023 Change
      in €m (in %) (in €m) (in %) (in €m) in %
    Revenues 319.0 100.0% 301.0 100.00% 18.0 6.0%
    EBITDA(1) 52.2 16.4% 48.8 +16.2% 3.4 6.9%
    Depreciation & amortization -41.9   -38.1   -3.8 -9.8%
    Recurring operating income(1) 10.3 3.2% 10.7 3.6% -0.4 -3.4%
    Other non-recurring operating income and expenses(1) -2.6   -1.4   -1.2 -88.8%
    Operating income 7.7 2.4% 9.3 3.1% -1.6 -17.1%
    Financial result -5.0   -5.6   0.6 10.8%
    Total tax -2.9   -12.4   9.5 76.8%
    Share of net profit (loss) of equity method companies 0.1   -0.5   0.6 110.3%
    Consolidated net profit -0.1 0.0% -9.2 -3.1% 9.1 99.0%
    Non-controlling interests -0.7   -0.4   -0.3 -69.3%
    Group share 0.6 0.2% -8.8 -2.9% 9.4 107.2%
    Recurring earnings per share(2) (in euros) 0.0 – -0.6 –    
    Earnings per share (in euros) 0.0 – -0.6 –    

    Consolidated revenues rose €18.0 million, or 6.0%, to €319.0 million in H1 2024 compared with €301.0 million in 2023. The positive scope effect of €3.7 million, or 1.2%, was attributable to the first-time consolidation in Cegedim’s accounts of Visiodent starting March 1, 2024. The positive currency impact was €0.5 million, or 0.2%, chiefly owing to appreciation of the pound sterling against the euro. In like-for-like terms(2), revenues rose 4.6% in the first half, in line with the Group’s announced outlook. The performance was attributable to seasonality and the non-recurrence of Ségur public health investments in 2024.

    EBITDA(1) rose €3.4 million between the first half of 2023 and 2024, or 6.9%. The improvement is the result of good management of personnel costs and external costs, in moderate growth as a percentage of revenues even though the amount of R&D capitalization fell and the Group had an additional quarter of start-up costs for its biggest BPO contract.

    ————-
    (1)    Alternative performance indicator See pages 112-113 of the 2023 Universal Registration Document.
    (2)   At constant scope and exchange rates.

    Depreciation and amortization expenses rose €3.7 million, chiefly due to a €3.1 million increase in R&D amortization (€22.7 million at June 30, 2024 compared with €19.7 million a year earlier) driven by development efforts in recent years.

    Recurring operating income(1) fell €0.4 million to €10.3 million in H1 2024 compared with €10.7 million in 2023.  It amounted to 3.2% of 2024 revenue compared with 3.6% in 2023. The fine EBITDA performance did not drop through to recurring operating income solely because of higher depreciation and amortization. Excluding the impact of Ségur subsidies and at comparable levels of amortization of capitalized R&D, Recurring operating income would have more than doubled.

    Other non-current operating costs(1) amounted to €2.6 million in H1 2024 compared with €1.4 million in the same period in 2023.  The principal items in 2024 were restructuring costs related to the Group’s decision to refocus software for doctors in the UK on Scotland and fees related to the Visiodent acquisition.

    Taking these elements into account, operating income came to €7.7 million at June 30, 2024, compared with €9.3 million a year earlier.

    Financial result was a loss of €5.0 million compared with a €5.6 million loss in H1 2023. Dividend income over the period more than offset the increase in the cost of financial debt.

    Tax was back to normal levels at €2.6 million in H1 2024 compared with €12.4 million in H1 2023. As a reminder, in 2023 the Group made a non-cash adjustment that caused it to record a deferred tax charge corresponding to the downward revision of its estimated remaining deferred tax assets.

    Analysis of business trends by division

    in millions of euros Total Software & Services Flow Data & Marketing BPO Cloud & Support
    Revenue            
    2023 reported

    2023 reclassified (*)

    		 301.0

    301.0

    		 161.5

    150.6

    		 48.2

    46.8

    		 54.9

    54.9

    		 32.8

    32.8

    		 3.5

    15.8
    2024 319.0 152.1 49.5 59.3 39.9 18.1
    Change 6.0% 1.0% 5.8% 8.0% 21.6% 14.5%
                 
    Recurring operating income            
    2023 reported

    2023 reclassified (*)

    		 10.7

    10.7

    		 -2.0

    -2.5

    		 5.6

    5.2

    		 6.6

    6.6

    		 1.4

    1.4

    		 -0.9

    0.0
    2024 10.3 -1.4 5.9 5.3 1.9 -1.3
    Change -3.4% 42.4% 12.8% -19.8% 36.0% na
                 
    Recurring operating margin (as a % of revenues)

    2023 reported

    		  

    3.6%

    		  

    -1.2%

    		  

    11.7%

    		  

    11.9%

    		  

    4.3%

    		  

    -24.7%
    2023 reclassified (*) 3.6% -1.7% 11.1% 11.9% 4.3% 0.3%
    2024 3.2% -1.0% +11.8% 8.9% 4.8% -7.0%
                 

    (*) As of January 1, 2024, our Cegedim Outsourcing and Audiprint subsidiaries—which were previously housed in the Software & Services division—as well as BSV—formerly of the Flow division—have been moved to the Cloud & Support division in order to capitalize on operating synergies between cloud activities and IT solutions integration.

    • Software & Services: H1 2024 revenues posted a €1.5 million increase, and recurring operating income (REBIT)(1) improved by €1.1 million to a loss of €1.4 million, compared with a €2.5 million loss a year earlier.

    ————-
    (1)    Alternative performance indicator See pages 112-113 of the 2023 Universal Registration Document.

    Software & Services First half Change

    2024 / 2023
    in millions of euros 2024 2023
    Revenues 152.1 150.6 1.5 1.0%
    Cegedim Santé 38.9 39.8 -1.0 -2.4%
    Insurance, HR, Pharmacies, and other services 86.7 84.5 2.3 2.7%
    International businesses 26.5 26.3 0.2 0.6%
    Recurring operating income(1) -1.4 -2.5 1.1 42.4%
    Cegedim Santé -1.6 -1.4 -0.2 -11.8%
    Insurance, HR, Pharmacies, and other services 3.4 3.3 0.1 3.5%
    International businesses -3.3 -4.4 1.1 25.6%

    As expected, Cegedim Santé felt the impact of increased R&D amortization (nearly €1 million) and a demanding comparison owing to the non-recurrence of Ségur public health investments (€4.4 million in H1 2023 revenues). The consolidation of Visiodent starting March 1, 2024, only partly offset those two items. Recurring operating income was nearly stable over the first half, but EBITDA increased as expected.

    The other businesses in the division posted REBIT(1) of €1.2 million. A solid performance by HR solutions, which managed to keep costs under control during a phase of strong growth, compensated for slower pharmacy equipment sales post-Ségur. The international businesses got a boost from dynamic sales for doctors in Spain and for insurers in the UK. As we shift our operations, narrowing the focus of our UK doctor’s software business to Scotland continued to generate costs in the first half.

    • Flow: Revenues rose 5.8%, driven by Cegedim e-business (process digitalization and electronic data flows), both of whose businesses made positive contributions; by Invoicing & Procurement, which rebounded in France and is benefiting from the upcoming reform in Germany; and by Healthcare Flow Management, which has dynamic new offerings for hospitals to make their drug purchasing secure. Over the same period, Third-party payer systems posted 3.6% growth. As a result, REBIT(1) rose 12.8%, with Third-party payer systems making the biggest contribution, as Cegedim e-business recorded a large R&D amortization charge.
    • Data & Marketing: Trends differed at this division—Marketing is still going strong, with 20% growth, whereas Data revenues fell 2.8%, particularly abroad. REBIT(1) of €6.6 million was down €1.3 million over the first half owing to high fixed costs in Data and increased depreciation and amortization costs at C-Media (+€1 million) due to heavy investments in updating its digital signage equipment.
    • BPO: Revenue jumped more than 21% over the first half, buoyed notably by a full six months of the contract with Allianz, which started on April 1, 2023, and is expected to generate losses in the early years. But the division reined in those losses so well that REBIT(1) rose €0.5 million in the first half of 2024 to reach €1.9 million, also getting a boost from the HR BPO and digitalization businesses.
    • Cloud & Support: H1 2024 REBIT(1) was a loss of €1.3 million, compared with breakeven a year earlier. The drop was due to surcharges related to the launch of a new cloud offering and recruitment of new offshore teams.

    ———

    (1) Alternative performance indicator See pages 112-113 of the 2023 Universal Registration Document.

    Highlights

    Apart from the items cited below, to the best of the company’s knowledge, there were no events or changes during H1 2024 that would materially alter the Group’s financial situation.

    • Acquisition of Visiodent

    On February 15, 2024, Cegedim Santé acquired Visiodent, a leading French publisher of management software for dental practices and health clinics. Visiodent launched the market’s first 100% SaaS solution, Veasy, at a time when it was significantly expanding its organization. Its users now include the country’s largest nation-wide networks of health clinics, both cooperative and privately owned, as well as several thousand dental surgeons in private practice. Visiodent generated revenue of c.€10 million in 2023 and began contributing to Cegedim Group’s consolidation scope on March 1, 2024.

    Cegedim S.A. has been subject to two tax audits since 2018, which have resulted in reassessments relating to the use of tax-loss carryforwards contested by the tax authorities. Cegedim, in consultation with its lawyers, believes that the reassessments are unfounded in light of the applicable tax law and jurisprudence. The Company has therefore taken, and continues to take, all possible avenues of contestation.

    As these appeals are not suspensive, Cegedim has paid the amounts reassessed over time (a total of 23 million euros already paid, including 10.9 million euros disbursed in February 2024). The remaining risk of future disbursements in respect of this dispute thus amounts to only 5 million euros at June 30, 2024.

    However, these disbursements have never given rise to the recognition of a tax charge in the P&L, since the Company considers that these sums will be recoverable at the end of the proceedings (they are recognized as advances paid on the assets side of the balance sheet). Should the outcome be unfavorable, a charge of 28 million euros (of which 23 million has already been paid) would have to be recorded in the consolidated income statement.

    In addition, the consolidated balance sheet must show the future tax savings still realizable in respect of tax loss carryforwards. This “deferred tax asset” amounted to 6.9 million euros at June 30, 2024.
    Should the outcome be unfavorable, the probability of realizing these future savings would become nil, and an adjustment of 6.9 million euros would have to be recorded in the consolidated income statement (with no cash impact, since these gains have never yet been realized).

    Consequently, the risk associated with this dispute is not (or very little) in terms of cash, but rather in terms of a possible adjustment to the consolidated income. The maximum P&L adjustment risk is known: it amounts to 34.9 million euros and will remain unchanged. Only its breakdown varies at each closing: the amount of disputed tax savings (28 million to date) will continue to increase, and that of remaining future savings (6.9 million to date) will decrease accordingly until exhausted.

    In the last quarter of 2023, the Company referred this dispute to the administrative court, which is likely to continue for several years.

    Significant transactions and events post June 30, 2024

    Apart from the items cited below, to the best of the company’s knowledge, there were no post-closing events or changes after June 30, 2024, that would materially alter the Group’s financial situation.

    • New financing arrangement

    On July 31, 2024, Cegedim announced that it had secured a new financing arrangement consisting of a €230 million syndicated loan. The arrangement is split into €180 million of lines drawn upon closing to refinance the Group’s existing debt (RCF and Euro PP, which were to mature in October 2024 and October 2025 respectively) and an additional, undrawn revolving credit facility (RCF) of €50 million. This new financing arrangement will bolster the Group’s liquidity and extend the maturity of its debt to, respectively, 5 years (€30 million, payments every six months); 6 years (€60 million, repayable upon maturity); and 7 years (€90 million, repayable upon maturity).

    Outlook

    Based on the currently available information, the Group expects 2024 like-for-like(2) revenue growth to be in the range of 5-8% relative to 2023. Recurring operating income should continue to improve, following a similar trajectory as in 2023.  

    Recurring operating income(1) is expected to grow, notably thanks to the initial returns on investments made in Cegedim Santé and refocusing international activities.

    These targets may need to be revised in the event of unexpected developments (pandemic, etc.) and/or a significant worsening of geopolitical and macroeconomic risks. The Group reiterates that it has no activities or exposed assets in Russia or Ukraine.

    —————

    The Audit Committee met on September 25, 2024. The Board of Directors, chaired by Jean-Claude Labrune, met on September 26, 2024, and approved the consolidated financial statements at June 30, 2024, of which the statutory auditors have conducted a limited review. The Interim Financial Report will be available in a few days’ time, in French and in English, on our website.

    2024 financial calendar

    2024 October 24 after the close Q3 2024 revenues

    Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx

    Disclaimer
    This press release is available in French and in English. In the event of any difference between the two versions, the original French version takes precedence. This press release may contain inside information. It was sent to Cegedim’s authorized distributor on September 26, 2024, no earlier than 5:45 pm Paris time.
    The figures cited in this press release include guidance on Cegedim’s future financial performance targets. This forward-looking information is based on the opinions and assumptions of the Group’s senior management at the time this press release is issued and naturally entails risks and uncertainty. For more information on the risks facing Cegedim, please refer to Chapter 7, “Risk management”, section 7.2, “Risk factors and insurance”, and Chapter 3, “Overview of the financial year”, section 3.6, “Outlook”, of the 2023 Universal Registration Document filled with the AMF on April 3, 2024, under number D.24-0233.

    About Cegedim:
    Founded in 1969, Cegedim is an innovative technology and services group in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs more than 6,500 people in more than 10 countries and generated revenue of €616 million in 2023.

    Cegedim SA is listed in Paris (EURONEXT: CGM).
    To learn more please visit: http://www.cegedim.fr
    And follow Cegedim on X: @CegedimGroup, LinkedIn, and Facebook.

    Aude Balleydier
    Cegedim
    Media Relations
    and Communications Manager

    Tel.: +33 (0)1 49 09 68 81
    aude.balleydier@cegedim.fr

    		 Damien Buffet
    Cegedim
    Head of Financial Communication

    Tel.: +33 (0)7 64 63 55 73
    damien.buffet@cegedim.com

    		 Céline Pardo
    Becoming RP Agency
    Media Relations Consultant

    Tel.:        +33 (0)6 52 08 13 66
    cegedim@becoming-group.com

    		  

    ———

    (1) Alternative performance indicator See pages 112-113 of the 2023 Universal Registration Document.
    (2) At constant scope and exchange rates.

    Annexes

    Consolidated financial statements at June 30, 2024

    • Assets au 30 juin 2024
    In thousands of euros 6/30/2024 12/31/2023
    Goodwill 234,955 199,787
    Development costs 29,706 1,562
    Other intangible fixed assets 177,834 192,616
    Intangible non-current assets 207,541 194,178
    Land 594 544
    Buildings 1,556 1,660
    Other property, plant, and equipment 53,006 45,829
    Advances and non-current assets in progress 901 831
    Rights of use 86,092 89,718
    Tangible fixed assets 142,149 138,582
    Equity investments 0 0
    Loans 16,332 15,332
    Other long-term investments 7,120 5,230
    Long-term investments – excluding equity shares in equity method companies 23,452 20,563
    Equity shares in equity method companies 19,086 22,065
    Deferred tax assets 18,209 19,747
    Prepaid expenses: long-term portion 0 0
    Non-current assets 645,390 594,922
    Goods 6,072 5,498
    Advances and deposits received on orders 1,396 3,703
    Accounts receivables: short-term portion 182,907 175,199
    Other receivables: short-term portion 59,070 59,563
    Current tax credits 27,262 16,495
    Cash equivalents 0 0
    Cash 35,414 46,606
    Prepaid expenses: short-term portion 26,138 22,082
    Current assets 338,260 329,146
    Total assets 983,651 924,068
    • Liabilities et shareholders’ equity at June 30, 2024
    In thousands of euros 6/30/2024 12/31/2023
    Share capital 13,432 13,337
    Consolidated retained earnings 276,449 282,521
    Group exchange gains/losses -11,848 -12,275
    Group earnings 630 -7,407
    Shareholders’ equity, Group share 278,663 276,175
    Minority interest 17,550 18,381
    Shareholders’ equity 296,213 294,556
    Non-current financial liabilities 187,714 188,546
    Non-current lease liabilities 76,267 78,761
    Deferred tax liabilities 5,949 5,600
    Post-employment benefit obligations 30,632 31,007
    Non-current provisions 2,147 2,521
    Non-current liabilities 302,710 306,435
    Current financial liabilities 61,570 3,006
    Current lease liabilities 14,661 14,789
    Trade payables and related accounts 57,225 61,734
    Current tax liabilities 192 235
    Tax and social security liabilities 113,884 121,371
    Non-current provisions 1,660 1,730
    Other current liabilities 135,538 120,212
    Current liabilities 384,728 323,077
    Total liabilities 983,651 924,068
    • Income statement at June 30, 2024
    In thousands of euros 6/30/2024 6/30/2023
    Revenues 318,995 301,011
    Purchases used -14,045 -14,739
    External expenses -72,687 -66,371
    Taxes -3,961 -4,291
    Payroll costs -173,240 -163,623
    Impairment of trade receivables and other receivables and on contract assets -872 -2,041
    Allowances to and reversals of provisions -2,440 -1,830
    Other operating expenses -690 108
    Share of profit (loss) from affiliates on the income statement 1,146 603
    EBITDA (1) 52,207 48,827
    Depreciation expenses other than right-of-use assets -33,140 -29,030
    Depreciation expenses of right-of-use assets -8,733 -9,097
    Recurring operating income(1) 10,334 10,700
    Non-recurring operating income and expenses -2,616 -1,385
    Other non-recurring operating income and expenses(1) -2,616 -1,385
    Operating income 7,718 9,315
    Income from cash and cash equivalents 326 180
    Cost of gross financial debt -7,121 -5,633
    Other financial income and expenses 1,813 -136
    Net financial income (expense) -4,983 -5,589
    Income taxes -1,226 -1,841
    Deferred income taxes -1,652 -10,588
    Tax -2,878 -12,429
    Share of profit (loss) from affiliates 53 -515
    Consolidated net profit -90 -9,219
    Group share 630 -8,793
    Income from equity-accounted affiliates -721 -426
    Average number of shares excluding treasury stock 13,695,317 13,658,348
    Recurring earnings per share (in euros) 0.0 -0.6
    Earnings per share (in euros) 0.0 -0.6
    • Cash flow statement as of June 30, 2024
    In thousands of euros 6/30/2024 6/30/2023
    Consolidated net profit -90 -9,219
    Share of profit (loss) from affiliates -1,199 -88
    Depreciation and amortization expenses and provisions 40,531 37,972
    Capital gains or losses on disposals of operating assets -52 -798
    Cash flow after cost of net financial debt and taxes 39,190 27,867
    Cost of net financial debt 4,983 5,589
    Tax expenses 2,878 12,429
    Cash flow from operating activities before tax and interest 47,051 45,885
    Tax paid -11,634 -378
    Impact of change in working capital requirements -13,206 -18,032
    Cash flow generated from operating activities after tax paid and change in

    working capital requirements

    		 22,211 27,476
    Acquisitions of intangible fixed assets -29,879 -29,550
    Acquisitions of tangible fixed assets -15,935 -11,759
    Acquisitions of long-term investments 0 -36
    Disposals of property, plant, and equipment and of intangible assets 553 2,575
    Disposals of long-term investments 934 805
    Change in deposits received or paid -860 -156
    Impact of changes in consolidation scope -35,454 -2,172
    Dividends received from outside the Group 4,073 30
    Net cash from (used in) investing activities -76,568 -40,264
    Capital increase 985 –
    Dividends paid to minority shareholders of consolidated cos. 0 –
    Dividends paid to shareholders of the parent company -1 –
    Debt issuance 55,000 –
    Debt repayments -219 -193
    Employee profit sharing 145 129
    Repayment of lease liabilities -8,152 -11,353
    Interest paid on loans -972 -117
    Other financial income received 718 596
    Other financial expenses paid -3,612 -3,492
    Net cash flow used in financing activities 43,892 -14,430
    Change in net cash excluding currency impact -10,465 -27,218
    Impact of changes in foreign currency exchange rates -728 -456
    Change in net cash -11,194 -27,674
    Opening cash 46,606 55,553
    Closing cash 35,412 27,879
    • Financial covenants

    The Group complied with all its covenants as of June 30, 2024.

    (1) Alternative performance indicator

    Attachment

    The MIL Network –