Category: Scandinavia

  • MIL-OSI: PDF Solutions Announces 2025 Analyst Day

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., July 16, 2025 (GLOBE NEWSWIRE) — PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor ecosystem, today announced it will host its 2025 Analyst Day in conjunction with its 2025 Users Conference on Wednesday, December 3rd, 2025, at the Marriott Hotel in Santa Clara, CA. The event will feature presentations from Chief Executive Officer, President, and Co-Founder, John K. Kibarian, Ph.D., and Chief Financial Officer, Adnan Raza.

    Additional information, including registration details, can be found at this link: https://events.pdf.com/

    Presentations and a live webcast, including question and answer session will be made available on the day of the event on the Investor Relations section of the Company’s website, at https://ir.pdf.com/.

    About PDF Solutions

    PDF Solutions (Nasdaq: PDFS) provides comprehensive data solutions designed to empower organizations across the semiconductor and electronics industry ecosystem to improve the yield and quality of their products and operational efficiency for increased profitability. The Company’s products and services are used by Fortune 500 companies across the semiconductor and electronics ecosystem to achieve smart manufacturing goals by connecting and controlling equipment, collecting data generated during manufacturing and test operations, and performing advanced analytics and machine learning to enable profitable, high-volume manufacturing.

    Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia. The Company (directly or through one or more subsidiaries) is an active member of SEMI, INEMI, TPCA, IPC, the OPC Foundation, and DMDII. For the latest news and information about PDF Solutions or to find office locations, visit https://www.pdf.com.

    Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, Sweden, and Taiwan. For the Company’s latest news and information, visit https://www.pdf.com

    PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. and/or its subsidiaries in the United States and other countries.

    Company Contacts

    Adnan Raza
    Chief Financial Officer
    P: +1 (408) 516-0237
    Email: adnan.raza@pdf.com

    Sonia Segovia
    Investor Relations
    P: +1 (408) 838-6491
    Email: sonia.segovia@pdf.com

    The MIL Network

  • MIL-OSI: Lucinity and Zenoo partner to deliver full-lifecycle compliance—from onboarding to investigation

    Source: GlobeNewswire (MIL-OSI)

    REYKJAVIK, Iceland, July 16, 2025 (GLOBE NEWSWIRE) — Lucinity and Zenoo have formed a strategic partnership to provide financial institutions with a unified approach to compliance that connects onboarding, perpetual KYC, investigations, and reporting. By combining Zenoo’s no-code orchestration engine with Lucinity’s AI-powered case management platform, the partnership enables compliance teams to unify compliance processes, reduce manual work, and improve data quality across the entire customer lifecycle.

    The partnership bridges a long-standing gap in compliance operations: the disconnect between onboarding and KYC systems and the tools used for risk investigation. This integration enables institutions to carry high-quality data—such as identity verification, address validation, and fraud indicators—from the first customer interaction through to ongoing detection and case review. By unifying these stages, the collaboration supports stronger data integrity, more effective monitoring, and reduced false positives.

    Zenoo allows compliance teams to build and deploy onboarding and KYC workflows without engineering support. Their platform includes a visual journey builder for designing logic and flows, a real-time UI editor for branded customer experiences, and a marketplace of pre-integrated providers for identity verification, sanctions screening, and fraud checks. These workflows are dynamic, localized, and adapt to regulatory requirements and customer profiles. Zenoo also supports ongoing KYC by triggering re-verifications, updates, and risk reviews based on lifecycle events or behavioural changes, enabling a shift from static to perpetual KYC.

    Lucinity provides the infrastructure to act on those signals. Its platform includes a centralized Case Manager that consolidates alerts from AML, sanctions, fraud, and onboarding. Customer 360 gives investigators full context across internal and third-party sources, while the Luci AI Agent supports analysts with on-demand background checks, data lookups, and follow-up actions. Luci can also call Zenoo workflows directly—for example, to request a document from a customer or trigger a batch of identity verifications—without requiring integration work. Exceptions flagged during onboarding, such as failed checks or friction points, are automatically routed into Lucinity as structured cases. This gives compliance teams one place to manage investigations across the entire lifecycle.

    What distinguishes the partnership is its modular, API-first approach, allowing institutions to customize their compliance architecture without being locked into a single vendor stack. By connecting two interoperable platforms, the collaboration supports a flexible model for managing compliance workflows. This integration helps organizations move away from manual processes toward a more dynamic and intelligent ecosystem.

    Guðmundur Kristjánsson, Founder and CEO of Lucinity, said: “Zenoo strengthens our platform by delivering better onboarding data from the start. It improves Customer 360, sharpens case triage, and gives Luci more context to support faster, more accurate investigations.”

    Stuart Watkins, founder and CEO of Zenoo, added: “With Lucinity, we’re extending the value of onboarding far beyond the initial customer interaction. Now, the data we capture can drive real-time decisions, trigger investigations, and improve the quality of compliance across the board.”

    Contact
    Celina Pablo
    celina@lucinity.com
    +354 792 4321

    The MIL Network

  • MIL-OSI Europe: Latest news – Ordinary Delegation meeting – 09 July 2025, Strasbourg – Delegation for Northern cooperation and for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee

    Source: European Parliament

    The Delegation for Northern Cooperation and for Relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area Joint Parliamentary Committee met on Wednesday, 9 July from 17.30 until 18.00 in room WEISS N3.5, Strasbourg.

    During the meeting the Vice-Chairs of the Delegation were elected by acclamation:

    MEP Christophe GRUDLER (Renew, FR) as First Vice Chair

    MEP Gheorghe CÂRCIU (S&D, RO) as Second Vice Chair

    MIL OSI Europe News

  • MIL-OSI Europe: Netherlands: EIB, Rabobank, and DLL partner to provide €1 billion for European SMEs with a focus on sustainability and agriculture

    Source: European Investment Bank

    EIB

    • The European Investment Bank signs two €250 million loan facilities with Rabobank and its subsidiary DLL, aimed at supporting access to finance for European companies.
    • The Rabobank facility targets SMEs and mid-caps in the Netherlands committed to investing in the energy transition and enhancing their organizational sustainability.
    • The DLL facility provides access to finance, in multiple EU countries, to SMEs and mid-caps focused on climate action and sustainability, with an emphasis on circularity, food, and energy transitions.

    Rabobank, DLL, and the European Investment Bank are partnering to increase access to finance for SMEs and mid-caps with a particular emphasis on sustainability and bioeconomy sectors, including agriculture.

    Rabobank will borrow €250 million from the EIB and match this amount with its own funds, making €500 million available to support small-scale projects undertaken by Dutch SMEs and mid-caps, with a focus on sustainability and agriculture. Specifically, at least 40% of investments are earmarked for climate-relevant investments, and at least 40% of the available funding will be directed towards bioeconomy sectors, including agriculture.

    DLL has secured an additional €250 million, which it will also match with its own funds, aiming to improve access to finance for SMEs and mid-caps across the EU. The focus will be on France, Germany, Italy, Spain, Belgium, Sweden, Poland, Ireland, and the Netherlands, targeting investments in sustainability by local companies.

    In total, the combined EIB loans as well as Rabobank and DLL’s matching funds will make €1 billion in new funding available for SMEs and mid-caps, with a particular focus on financing climate-relevant and agricultural projects.

    “It is important to understand that climate financing is a key driver of economic growth,” states EIB Vice President Robert de Groot. “We have to look at the bigger picture, which is that climate change is disrupting business and economic behaviours. We have a long track-record with Rabobank and DLL in terms of climate relevant financing, and hope that this facility can convince other financiers to make available more support for entrepreneurs developing more sustainable projects.”

    Carlo van Kemenade, Director Retail NL and Member of the Managing Board of Rabobank: “We are proud to build on the successful partnership with the EIB and the new launch of impact loans. Sustainability is an important pillar of Rabobank’s strategy. Clients are also very positive about this impact loan. The interest rate discount is both a reward for the impact they have as a leader in sustainability and an encouragement to continue on the path we have set with our clients.”

    “As a transition partner for a better world, DLL believes that sustainability is fundamental to long-term business success,” says Lara Yocarini, Member of the Managing Board, Rabobank, and CEO and Chair of the Executive Board of DLL. “The attractive funding from the European Investment Bank will enhance our ability to provide more accessible, affordable, and tailored leasing solutions, ultimately reducing barriers for our partners and customers to invest in more sustainable equipment and technology.”

    Background information:

    The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. Over the last ten years, the EIB has made available more than €27 billion in financing for Dutch projects in various sectors, including research & development, transport, drinking water, healthcare, and SMEs.

    The EIB is the European Union’s bank; the only bank owned by and representing the interests of the European Union Member States, The Netherlands owns a 5,2% share of the EIB. It works closely with other EU institutions to implement EU policy and is the world’s largest multilateral borrower and lender. The EIB provides finance and expertise for sustainable investment projects that contribute to EU policy objectives. More than 90% of its activity is in Europe.

    About Rabobank

    Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing, and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. Rabobank is committed to being a leading customer-focused cooperative bank in the Netherlands and a leading food and agri bank worldwide. Rabobank employed 49,000 FTE per 31 December 2024. Rabobank Group is active in 37 countries.

    About DLL

    DLL is a global asset finance company for equipment and technology with a managed portfolio of more than EUR 47 billion. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides financial solutions within the Agriculture, Construction, Energy Transition, Food, Healthcare, Industrial, Technology, Transportation, and Workplace industries in more than 25 countries. The company partners with equipment manufacturers, dealers, and distributors to enable easier access to equipment, technology, and software, to support business growth.

    DLL is committed to a more sustainable future for the environment and the communities in which it operates. Combining customer focus and industry knowledge, DLL provides financial solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group.

    MIL OSI Europe News

  • MIL-OSI Europe: World gathers to finance sustainable development of the future

    Source: Government of Sweden

    On 30 June – 3 July, the UN’s 4th International Conference on Financing for Development is taking place in Seville. Sweden is participating with a broad delegation headed by State Secretary Diana Janse. The aim of the Conference is to agree on a new global framework for how sustainable development will be financed – the so-called Sevilla Commitment. The Conference is an important opportunity to strengthen the implementation of Agenda 2030 and the Sustainable Development Goals, and to demonstrate that the countries of the world are able to address global challenges together through cooperation, despite a difficult geopolitical context.

    MIL OSI Europe News

  • MIL-OSI: Virtune launches Virtune Coinbase 50 Index ETP on Nasdaq Stockholm

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, July 16, 2025 – Virtune, the Swedish regulated crypto asset manager, announces the listing of its latest exchange-traded product, the Virtune Coinbase 50 Index ETP, on Nasdaq Stockholm traded in SEK. This listing marks a major milestone for Virtune’s continued growth in its home market and reinforces its position as a leading issuer of regulated, physically backed crypto ETPs in the Nordics.

    The product is now available to Swedish and Nordic investors via brokers and banks such as Avanza, Nordnet, SAVR and Montrose and is traded in SEK.

    Virtune has worked closely with Coinbase since its inception, collaborating across all key areas – staking, trading, and custody. The launch of the Virtune Coinbase 50 Index ETP marks the next step in strengthening this partnership. It is the world’s first exchange-traded product to track the Coinbase 50 Europe Index – a broadly diversified benchmark of up to 50 leading crypto assets. The index is developed by Coinbase and administered by MarketVector Indexes™. The ETP currently holds 21 crypto assets, with the target to expand to all 50 assets pending regulatory and exchange approvals.

    The Coinbase 50 Europe Index aims to provide investors with representative exposure to the most significant and relevant digital assets in the market. The product is tailored for both institutional and retail investors seeking regulated, transparent, and professional exposure to the crypto market.

    Allocation as of 15th of July 2025:

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

    Christopher Kock, CEO of Virtune:

    “Listing our Coinbase 50 Index ETP on Nasdaq Stockholm marks a significant milestone in our mission to provide secure and regulated access to digital assets investments in Sweden and the Nordics. We are thrilled to bring this flagship product to our home market, allowing investors to trade it in SEK on Nasdaq Stockholm.”

    The Virtune Coinbase 50 Index ETP is 100% physically backed by the underlying crypto assets, securely stored in cold-storage with Coinbase, and carries a competitive annual management fee of 0.95%.

    Learn more about the product here: www.virtune.com/product/vcoin50

    About Coinbase: 

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

    Brett Tejpaul, Head of Coinbase Institutional: 

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

    About MarketVector:

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

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

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

    Key Information about the Product:

    • Exposure: Up to 50 leading crypto assets in a single product
    • Underlying assets: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management fee: 0.95% per annum
    • Trading currency: SEK
    • First day of trading on Nasdaq Stockholm: Monday, July 14, 2025
    • Bloomberg Ticker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VCOIN50
    • Exchanges: Nasdaq Stockholm, Nasdaq Helsinki, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris

    For inquiries, please contact:

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

    About Virtune AB (Publ):

    Virtune, headquartered in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges. Through regulatory compliance, strategic partnerships, and a highly experienced team, Virtune empowers global investors to access innovative and professional investment products aligned with the evolving global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.. The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.

    The MIL Network

  • MIL-OSI: Second Quarter Report 2025

    Source: GlobeNewswire (MIL-OSI)

    April – June 2025 Serstech Group

    • Net sales amounted to KSEK 4 563 (21 369).
    • EBITDA amounted to KSEK – 8 875 (5 595).
    • EBIT amounted to KSEK -10 992 (3 715).
    • Cash flow from operating activities amounted to KSEK -11 631 (-1 112).
    • Earnings per share amounted to SEK -0.04(0.02).
    • Earnings per average number of shares amounted to SEK -0.04 (0.02).

    January – June 2025 Serstech Group

    • Net sales amounted to KSEK 24 455 (35 543).
    • EBITDA amounted to KSEK – 8 204 (6 963).
    • EBIT amounted to KSEK -12 329 (3 194).
    • Cash flow from operating activities amounted to KSEK -14 772 (515).
    • Earnings per share amounted to SEK -0.05 (0.01).
    • Earnings per average number of shares amounted to SEK -0.05 (0.01).

    Message from the CEO

    The second quarter of 2025 showed lower sales, amounting to approximately 4.5 MSEK (21.4 MSEK). The lower sales in Q2 are in line with the broader market, as several companies in our sector have reported a slow quarter, largely due to geopolitical uncertainty and delayed procurement processes — particularly in the US, where several planned purchases have been put on hold. We have also seen limited customer participation at key US industry exhibitions, reflecting a cautious market sentiment.

    Despite the short-term challenges, we have continued to execute on our strategic plan. Our expanded sales team is now largely in place, with the final addition for this year starting in September. Compared to the beginning of the year, we have doubled the size of the sales team, which now consists of six dedicated sales professionals. This expanded capacity is a critical enabler for our growth ambitions, and we are already seeing positive effects in terms of opportunity pipeline development.

    In parallel, we have made strong progress on cost efficiency. Our transition to in-house production is proceeding according to plan, with pilot production starting in late summer and volume production expected to begin in Q4. All systems, suppliers, and processes are in place. This shift will reduce our cost of goods sold (COGS) significantly — well timed given the intensified price pressure we now see in the market. We have recently lost a few minor tenders on price, which reinforces the importance of our ongoing cost reduction initiatives.

    Having a production site in-house, in addition to the third-party one, will increase production capacity and resilience, and strengthen the collaboration between R&D and production. We have already made several improvements to both the product design and production process to improve quality and yield, while reducing COGS significantly.

    Our opportunity pipeline for the second half of the year remains strong. With the new sales team in place, we expect pipeline growth to accelerate further. Until now, our limited sales capacity has been the main bottleneck, requiring me to focus almost exclusively on field sales and international travel to support customer engagements.

    We successfully closed our Romanian office during the quarter and completed key recruitments in Lund. Consolidating the team under one roof will not only reduce overall costs but also improve collaboration, efficiency, and innovation. We are already seeing the benefits, with several new patent applications scheduled to be filed in the near term.

    With a stronger team, a more competitive cost structure, and a growing market need, we are well positioned for a strong second half of the year.

    Stefan Sandor, CEO
    April 2025

    For further information, please contact:
    Stefan Sandor,
    CEO, Serstech AB Phone: +46 739 606 067
    Email: ss@serstech.com

    or

    Thomas Pileby,
    Chairman of the Board, Serstech AB Phone: +46 702 072 643
    Email: tp@serstech.com
    or visit: www.serstech.com

    This is information that Serstech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 08:45 CET on July 16, 2025.

    Certified advisor to Serstech is Svensk Kapitalmarknadsgranskning AB (SKMG).

    About Serstech

    Serstech delivers solutions for chemical identification and has customers around the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and first responders. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. Serstech’s head office is in Sweden and design, development and production are done in Sweden.

    Serstech is traded at Nasdaq First North Growth Market and more information about the company can be found at www.serstech.com

    Attachment

    The MIL Network

  • Iceland volcano erupts for 12th time since 2021

    Source: Government of India

    Source: Government of India (4)

    A volcano erupted in south-west Iceland on Wednesday, the country’s meteorological office said, marking the latest in a series of outbreaks near the capital in recent years.

    Often referred to as a land of ice and fire, the North Atlantic island nation with its many glaciers and volcanoes has now seen a dozen eruptions since geological systems on its Reykjanes peninsula reactivated in 2021.

    The outbreaks, known as fissure eruptions, are characterised by lava flows emerging from long cracks in the earth’s crust, rather than from a central crater.

    The Reykjanes eruptions have not so far posed a threat to the capital Reykjavik, nor have they caused significant dispersals of ash into the stratosphere, avoiding air traffic disruption.

    The nearby fishing town of Grindavik, home to nearly 4,000 residents before an evacuation order in 2023, however remains mostly deserted due to the periodic threat from lava flows and related eartquakes.

    The Blue Lagoon luxury spa and the nearby Svartsengi thermal power station have also been at risk from lava in some of the previous eruptions.

    Experts have said the eruptions in the area could recur for decades, or even centuries.

    Iceland, which is roughly the size of the U.S. state of Kentucky and has fewer than 400,000 residents, boasts more than 30 active volcanoes.

    That makes the north European island a prime destination for volcano tourism – a niche segment that attracts thousands of thrill seekers every year to sites from Mexico and Guatemala, to Sicily, Indonesia and New Zealand.

    (Reuters)

  • MIL-OSI: Interim report for Q2

    Source: GlobeNewswire (MIL-OSI)

    Guidance for pre-tax profit lifted by DKK 100 million supported by a solid insurance service result and improvement in the underlying business in Q2

    • Guidance for the insurance service result is lifted by DKK 50 million to DKK 1.6-1.8 billion excluding H2 run-offs.
    • Guidance for the investment result is lifted by DKK 50 million to DKK 250 million.
    • The insurance service result was a profit of DKK 520 million in Q2 2025 (DKK 312 million), which is the highest result realised to date. The result was driven by highly satisfactory premium growth, an improved claims experience and favourable developments in the expense ratio.
    • Insurance revenue grew at a highly satisfactory rate of 8% to DKK 2,950 million (DKK 2,725 million), driven in particular by strong premium growth of 11% in Personal Lines.
    • The undiscounted underlying claims experience improved by 5.2 percentage points to 62.2, driven by growth in both Personal Lines and Commercial Lines and reflecting, among other things, the results of profitability-enhancing measures and synergy gains.
    • The combined ratio was 82.3 (88.5), driven by fewer major claims, an improved underlying claims experience and a lower expense ratio.
    • The expense ratio improved significantly to 16.7 (18.0), reflecting the group’s objective of lowering the cost level.
    • The implementation of synergy initiatives is progressing according to plan and generated a positive accounting effect of DKK 151 million in Q2 2025.
    • Highly satisfactory investment result of DKK 102 million (DKK 65 million), with shares and bonds contributing favourably to the result.

    CEO Rasmus Werner Nielsen on the Q2 financial results:
    “We recorded a satisfactory performance in the second quarter, assisting customers with building, contents and motor claims in particular, and providing insurance advice to more than a quarter of a million customers in a period characterised by uncertainty on several fronts.

    In the second quarter, we once again onboarded many new customers, which contributed to the strong growth we recorded in insurance revenue. At the same time, we are on track to realise our ambitious plan to create a more efficient organisation and thereby strengthen our competitiveness for the benefit of our customers. The Q2 financial results underline the Group’s resilience, supported by satisfactory Personal and Commercial Lines, both contributing to the favourable development.

    Although the second quarter was characterised by relatively mild weather conditions, we continue our efforts to advise and assist our customers with protection against severe weather conditions in the future. Most recently, with the support of Alm. Brand Foreningen 1792, we launched a new offer to assist customers previously affected by weather-related claims with climate-proofing their houses.”

    This interim report and related materials are available at Alm. Brand Group’s investor website: Q2 2025

    Webcast and conference call
    Alm. Brand will host a conference call for investors and analysts today, Wednesday 16 July 2025 at 11:00 a.m. The conference call and presentation will be available on Alm. Brand Group’s investor website:

    Conference call dial-in numbers for investors and analysts (PIN: 490681):

    Denmark: +45 89 87 50 45
    UK: +44 20 3936 2999
    USA: +1 646 664 1960

    Link to webcast: Alm. Brand Group Q2 2025

    Contact
    Please direct any questions regarding this announcement to:

    Investors and equity analysts:                          

    Head of Investor Relations & ESG                    
    Mads Thinggaard                                
    Mobile no. +45 2025 5469               

    Press:                                                                                               

    Head of Communications and Media Relations
    Mikkel Luplau Schmidt
    Mobile no. +45 2052 3883

    Attachments

    The MIL Network

  • MIL-OSI: Production Temporarily Suspended at DNO Kurdistan Fields Following Explosions

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 16 July 2025 – DNO ASA, the Norwegian oil and gas operator, reports that operations at its Tawke license in the Kurdistan region of Iraq have been temporarily suspended following three explosions early this morning, one involving a small storage tank at Tawke and the other involving surface processing equipment at Peshkabir. There have been no injuries. The damage assessment is underway and the Company expects to restart production once the assessment is completed.

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    DNO ASA is a leading Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network

  • MIL-OSI Australia: Well done to Course 81

    Source: New South Wales – News

    Today’s 25 graduates from the South Australia Police (SAPOL) Academy all bring something unique to the table, from experience in competitive boxing, and retail management to truck logistics and swim coaching.

    Course 81 members include 13 men and 12 women, who range in age from 19 to 46.

    The new police officers bring diverse skills from a variety of employment backgrounds, including in security, education, hospitality, retail, corrections, the Navy, pharmaceutical and disability sectors, and as a flight attendant, truck driver, gymnastics coach, Department for Child Protection worker and Police Security Officer.

    Some have journeyed from overseas and interstate, including from Switzerland, India, Sydney, Victoria and Tasmania.

    Probationary Constable Bagus has an Indonesian/Australian background and lived in Bali for five years before moving to Adelaide in 2017.

    Prior to joining SAPOL, he worked as a barista and competed in amateur boxing.

    “Competing in boxing helped me to have better situational awareness. In boxing matches, I constantly had to read the opponent’s body language and stay alert,” Bagus said.

    “This translates well to policing, especially for dynamic or unpredictable situations. Competing in boxing also gave me the ability to stay calm and keep composure in high-stress situations.”

    Fellow graduate, and single mother Sarah previously worked in retail, aquaculture, hospitality and truck logistics, and was most recently a lead cook at her local country hospital/aged care facility.

    “I am a single mother to one, and love country life, 4×4 driving, opal mining, bush hiking, but most of all spending quality time with my son riding horses, playing backyard cricket and football,” she said.

    “Being a single parent has taught me to be resilient, adaptable, understanding, patient, kind, forgiving and assertive – all qualities that a police officer requires.”

    Similarly, Lauren has developed impressive time management skills to reach graduation day while also being a mother.

    “Prior to joining SAPOL, I lived for two years in North Carolina, United States, where I was a waterfront director and lifeguard, and then I moved to Finland for a year before coming back to Australia to have my daughter,” she said.

    “Before becoming a police officer, I was a mum to my one-year-old and worked causally in retail and swim coaching.”

    Bradley worked in retail for 7.5 years, managing teams in different departments while also playing cricket, football, golf, and the guitar.

    “I felt like working in a team environment helped me throughout the academy, through interactions with course mates,” he said.

    “The customer-service aspect will be important for how I interact when on the road and dealing with various types of people.”

    Eventually, Bagus would like to work in SAPOL’s Security Response Section (SRS) and later Special Tasks and Rescue (STAR), while Sarah hopes her career will lead to theDog Operations Unit. Lauren has her sights set on working in the Major Crime Investigations Branch or Child and Family Violence Investigation Section, while Bradley aims to work anywhere in Forensic Services.

    All four graduates encouraged anyone interested in a SAPOL career to “take the leap” and prepare early for what is expected.

    Course 81 members will be stationed to metropolitan and regional postings, including Port Augusta, Port Pirie, Mount Gambier, Port Lincoln, Whyalla, and Berri.

    SAPOL is currently recruiting and is keen to hear from people interested in an inspiring career with unmatched experiences and rewards.

    If you’re looking for job security, career progression pathways and a chance to make a real difference in local communities visit Achievemore – Join Us (police.sa.gov.au)

    Sarah, Lauren, Bagus, and Bradley are among 25 new police officers to graduate today from the South Australia Police Academy.

    MIL OSI News

  • MIL-OSI Economics: Fossil Fuel Subsidy Reform initiative steps up experience-sharing, reviews subsidy impacts

    Source: WTO

    Headline: Fossil Fuel Subsidy Reform initiative steps up experience-sharing, reviews subsidy impacts

    Ambassador Clare Kelly of New Zealand, coordinator of the FFSR initiative, summarized the progress made on the three key pillars of the initiative’s work in 2025. Noting the strong interest in experience-sharing under the third pillar — “identifying and addressing harmful fossil fuel subsidies” — she encouraged participating members to continue exchanging ideas and to draw lessons from others’ reforms and complementary strategies to address social and developmental challenges.
    As part of the dedicated discussion on fossil fuel reforms, the Philippines shared its experiences on energy market and fossil fuel subsidy reform, including in support of the transition to sustainable energy solutions, while aligning with development priorities. The World Bank presented two new databases that enable users to track changes in retail fuel prices and related subsidy policies across countries in a timely manner. These tools are designed to support global efforts to address challenges associated with fuel pricing and subsidies, particularly in the context of volatile market conditions.
    In further discussions under the third pillar, co-sponsors examined the trade and environmental impacts of fossil fuel subsidies passed through to emissions-intensive industries. The International Energy Agency (IEA) presented its latest energy investment report, which indicated that fossil fuel subsidy support to industry had remained constant, despite a significant global shift towards increased clean energy investment.
    The Organisation for Economic Co-operation and Development (OECD) shared key findings from a recent study on the implications of government support for aluminium smelting and steelmaking. The study concludes that reforming such support offers a cost-effective way to reduce emissions while freeing public resources for more sustainable uses. The WTO Secretariat also presented a 2024 working paper on the trade effects of carbon pricing policies, which contains analysis of the potential impacts of different carbon pricing policies, including removal of fossil fuel subsidies, on comparative advantage in carbon-intensive industries.
    Co-sponsors thanked members and stakeholders for the valuable insights shared, which underscored the importance of strengthening fossil fuel subsidy reform through collective efforts. They emphasized the persistent scale and impact of fossil fuel subsidies, even amid increasing investment in clean energy. The empirical evidence presented confirmed that such subsidies distort comparative advantages and global trade, reinforcing the relevance of the FFSR initiative’s focus on subsidy reform. Co-sponsors also proposed ways to improve the understanding and classification of different types of fossil fuel subsidies.
    Under the first pillar — “Enhanced transparency” — several co-sponsors, including Colombia, Norway and Switzerland, provided updates on their respective efforts to compile information on fossil fuel subsidies and related reforms as part of their recent or upcoming Trade Policy Reviews. The WTO Secretariat presented data from members’ questions and answers related to fossil fuel subsidies and their reform, based on 18 Trade Policy Reviews conducted in 2024 and 2025. The findings reflect increased transparency on the topic, in part as a result of the non-exhaustive list of sample questions to be asked at TPRs adopted by the FFSR initiative co-sponsors at MC13.
    Under the second pillar — “Crisis support measures” — the coordinator highlighted ongoing efforts to compile information on temporary fossil fuel support measures introduced during the 2022–2023 energy crisis, with the aim of developing a practical set of guidelines to help members design any future such measures effectively. Co-sponsors reaffirmed the usefulness of the work on planned guidelines to help ensure that such measures remain targeted, transparent and temporary.
    In conclusion, Ambassador Kelly noted that the next FFSR meeting, scheduled for 2 October 2025, will continue to promote experience-sharing and maintain a focus on the three core pillars of the work programme.
    The FFSR initiative seeks to achieve the rationalization, phasing-out or elimination of harmful fossil fuel subsidies through the use of existing mechanisms or the development of new pathways to reform. It encourages WTO members to share information and experiences to advance discussions at the WTO. More information about the FFSR initiative is available here.

    Share

    MIL OSI Economics

  • MIL-OSI Submissions: 3 ways Canadians can take control of their finances in an age of economic uncertainty

    Source: The Conversation – Canada – By Omar H. Fares, Assistant Professor, Faculty of Business, University of New Brunswick

    Canadian consumers are beginning to move from short-term economic concerns to a more persistent mindset of financial precarity, and it’s starting to affect how they live.

    People are delaying major purchases and starting to show signs of subscription fatigue, according to recent findings. One recent survey found that 70 per cent of Canadians are deferring major life decisions, including home ownership and family planning, as a consequence of this sustained economic uncertainty.

    This anxiety is now reflected in broader sentiment. The Bank of Canada’s latest Consumer Expectations Survey found a sharp rise in economic pessimism. About two-thirds of Canadians now anticipate a recession within the year, up from 47 per cent in late 2024.

    Concerns about job security, debt repayment and access to credit are also mounting. For the first time since early 2024, more consumers report cutting back on spending. Home-buying intentions are declining, especially among those expecting a downturn, and an increasing share of mortgage holders plan to reduce expenses ahead of higher renewal payments.

    Consumers are no longer just reacting to inflation or interest rates, but adjusting to the idea that financial uncertainty may be here to stay.

    Why today’s economic anxiety feels different

    While the link between economic uncertainty and reduced spending is well established, what makes today’s situation different is the convergence of multiple pressures facing consumers.

    This includes a challenging job market — particularly for younger Canadians — concerns about the disruptive effects of AI-driven automation, the threat of tariffs from the United States, ongoing global conflicts and the growing cost of living.

    With economic uncertainty now a defining feature of everyday life for many Canadians, the sense of financial precarity is shaping how people think, plan and spend.

    Addressing this new reality will require equipping ourselves with tools and mental habits that can help develop financial stability, even in unpredictable times. Here are three research-backed ways to do this.

    A Global News segment about how half of Canadians are living bill-to-bill.

    1. Budget based on values

    With many people feeling the pinch or uncertainty around money, a more deliberate, values-based approach to personal finance is needed beyond traditional budgeting methods. If you’re looking for more control over your finances, it can help to shift your focus from just tracking where your money goes to making sure it goes where you actually want it to.

    Research in consumer behaviour supports this shift in mindset. Mental accounting, introduced by economist Richard Thaler, explains how people naturally divide their money into mental categories like stability, family or learning. Budgeting then becomes less about cutting back and more about making intentional choices.

    Studies have found that pairing this kind of values-based budgeting with simple practices, such as setting clear goals and automating transfers, can lead to lower spending and more consistent long-term behaviour. The goal is not to manage every dollar perfectly, but to make sure your money aligns with what matters most to you.

    Since values tend to guide sustainable decision-making, a practical starting point is to identify three to five core values, such as financial security, personal development or time with family. Next, review your recent transactions and group them by the value they support. This reframes budgeting as a way to assess whether your current spending aligns with what you consider most important.

    From there, assign a reasonable monthly amount to each category based on your income and fixed obligations. You don’t need to track every detail, but having value-based benchmarks will improve day-to-day choices.

    Renaming categories in your budgeting app or spreadsheet is another important approach. For example, changing “discretionary” to “family time” or “well-being” can reinforce the link between spending and values. Set up automated transfers that reflect your goals; this might include creating a savings buffer, funding education or contributing to a low-risk investment account. Automation helps reduce decision fatigue and supports consistency.

    2. Use pessimism to your advantage

    While recognizing economic risks is entirely rational, how people respond to that risk makes a significant difference. Psychologists have studied a mindset known as “defensive pessimism,” a strategy that involves anticipating potential problems in order to plan effectively, rather than being overwhelmed by uncertainty.

    Unlike chronic anxiety or fear, which can impair decision-making and lead to poorer financial and consumption choices, defensive pessimism encourages people to take a more measured, thoughtful approach. It combines realism with preparation and helps individuals stay focused and responsive in uncertain conditions.

    People are more resilient when they focus on what can be changed. In practical terms, this might include learning a new skill, starting a side project or strengthening personal or professional networks.

    To apply defensive pessimism, start by clearly identifying what could go wrong, then outline specific actions to address those possibilities. Break big tasks into smaller, manageable steps, create a backup plan and regularly reassess progress. This approach helps maintain focus, reduce surprises and turn worry into preparation.

    These small, proactive steps with detailed personal reflection can offer a sense of agency that counters feelings of helplessness. Rather than ignoring challenges, defensive pessimism coupled with consistent reflection is about figuring out how to work around them.

    3. Adopt a long-term outlook

    Despite ongoing uncertainty, maintaining a long-term financial perspective remains very important. Research consistently shows that people who engage in long-term planning tend to accumulate greater wealth over time.

    Long-term planning involves continuing to plan for future goals such as retirement or education, even when timelines need to shift due to changing circumstances.

    One of the greatest challenges with this approach is known as the “sour grape effect.” This refers to the tendency people have to downplay a future goal or reward after experiencing early setbacks or failures.

    A 2020 study with 1,304 participants in Norway and the U.S. found that setbacks can lead individuals to disengage from their goals. Participants were given either positive or negative feedback on an initial task and then asked to predict how much happiness they would feel if they succeeded in a later round.

    Those who experienced failure anticipated much less happiness from future success. When everyone actually did succeed, their levels of happiness were the same regardless of initial feedback. Setbacks can lead people to devalue their goals as a self-protective strategy. However, participants with high achievement motivation did not show this bias.

    In other words, when short-term disappointments are interpreted as failure, there is a risk that people may give up on long-term plans altogether. In these moments, the most effective course of action is staying consistent and committed, while still remaining agile enough to adapt as needed.

    Omar H. Fares does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. 3 ways Canadians can take control of their finances in an age of economic uncertainty – https://theconversation.com/3-ways-canadians-can-take-control-of-their-finances-in-an-age-of-economic-uncertainty-260785

    MIL OSI

  • MIL-OSI Analysis: 3 ways Canadians can take control of their finances in an age of economic uncertainty

    Source: The Conversation – Canada – By Omar H. Fares, Assistant Professor, Faculty of Business, University of New Brunswick

    Canadian consumers are beginning to move from short-term economic concerns to a more persistent mindset of financial precarity, and it’s starting to affect how they live.

    People are delaying major purchases and starting to show signs of subscription fatigue, according to recent findings. One recent survey found that 70 per cent of Canadians are deferring major life decisions, including home ownership and family planning, as a consequence of this sustained economic uncertainty.

    This anxiety is now reflected in broader sentiment. The Bank of Canada’s latest Consumer Expectations Survey found a sharp rise in economic pessimism. About two-thirds of Canadians now anticipate a recession within the year, up from 47 per cent in late 2024.

    Concerns about job security, debt repayment and access to credit are also mounting. For the first time since early 2024, more consumers report cutting back on spending. Home-buying intentions are declining, especially among those expecting a downturn, and an increasing share of mortgage holders plan to reduce expenses ahead of higher renewal payments.

    Consumers are no longer just reacting to inflation or interest rates, but adjusting to the idea that financial uncertainty may be here to stay.

    Why today’s economic anxiety feels different

    While the link between economic uncertainty and reduced spending is well established, what makes today’s situation different is the convergence of multiple pressures facing consumers.

    This includes a challenging job market — particularly for younger Canadians — concerns about the disruptive effects of AI-driven automation, the threat of tariffs from the United States, ongoing global conflicts and the growing cost of living.

    With economic uncertainty now a defining feature of everyday life for many Canadians, the sense of financial precarity is shaping how people think, plan and spend.

    Addressing this new reality will require equipping ourselves with tools and mental habits that can help develop financial stability, even in unpredictable times. Here are three research-backed ways to do this.

    A Global News segment about how half of Canadians are living bill-to-bill.

    1. Budget based on values

    With many people feeling the pinch or uncertainty around money, a more deliberate, values-based approach to personal finance is needed beyond traditional budgeting methods. If you’re looking for more control over your finances, it can help to shift your focus from just tracking where your money goes to making sure it goes where you actually want it to.

    Research in consumer behaviour supports this shift in mindset. Mental accounting, introduced by economist Richard Thaler, explains how people naturally divide their money into mental categories like stability, family or learning. Budgeting then becomes less about cutting back and more about making intentional choices.

    Studies have found that pairing this kind of values-based budgeting with simple practices, such as setting clear goals and automating transfers, can lead to lower spending and more consistent long-term behaviour. The goal is not to manage every dollar perfectly, but to make sure your money aligns with what matters most to you.

    Since values tend to guide sustainable decision-making, a practical starting point is to identify three to five core values, such as financial security, personal development or time with family. Next, review your recent transactions and group them by the value they support. This reframes budgeting as a way to assess whether your current spending aligns with what you consider most important.

    From there, assign a reasonable monthly amount to each category based on your income and fixed obligations. You don’t need to track every detail, but having value-based benchmarks will improve day-to-day choices.

    Renaming categories in your budgeting app or spreadsheet is another important approach. For example, changing “discretionary” to “family time” or “well-being” can reinforce the link between spending and values. Set up automated transfers that reflect your goals; this might include creating a savings buffer, funding education or contributing to a low-risk investment account. Automation helps reduce decision fatigue and supports consistency.

    2. Use pessimism to your advantage

    While recognizing economic risks is entirely rational, how people respond to that risk makes a significant difference. Psychologists have studied a mindset known as “defensive pessimism,” a strategy that involves anticipating potential problems in order to plan effectively, rather than being overwhelmed by uncertainty.

    Unlike chronic anxiety or fear, which can impair decision-making and lead to poorer financial and consumption choices, defensive pessimism encourages people to take a more measured, thoughtful approach. It combines realism with preparation and helps individuals stay focused and responsive in uncertain conditions.

    People are more resilient when they focus on what can be changed. In practical terms, this might include learning a new skill, starting a side project or strengthening personal or professional networks.

    To apply defensive pessimism, start by clearly identifying what could go wrong, then outline specific actions to address those possibilities. Break big tasks into smaller, manageable steps, create a backup plan and regularly reassess progress. This approach helps maintain focus, reduce surprises and turn worry into preparation.

    These small, proactive steps with detailed personal reflection can offer a sense of agency that counters feelings of helplessness. Rather than ignoring challenges, defensive pessimism coupled with consistent reflection is about figuring out how to work around them.

    3. Adopt a long-term outlook

    Despite ongoing uncertainty, maintaining a long-term financial perspective remains very important. Research consistently shows that people who engage in long-term planning tend to accumulate greater wealth over time.

    Long-term planning involves continuing to plan for future goals such as retirement or education, even when timelines need to shift due to changing circumstances.

    One of the greatest challenges with this approach is known as the “sour grape effect.” This refers to the tendency people have to downplay a future goal or reward after experiencing early setbacks or failures.

    A 2020 study with 1,304 participants in Norway and the U.S. found that setbacks can lead individuals to disengage from their goals. Participants were given either positive or negative feedback on an initial task and then asked to predict how much happiness they would feel if they succeeded in a later round.

    Those who experienced failure anticipated much less happiness from future success. When everyone actually did succeed, their levels of happiness were the same regardless of initial feedback. Setbacks can lead people to devalue their goals as a self-protective strategy. However, participants with high achievement motivation did not show this bias.

    In other words, when short-term disappointments are interpreted as failure, there is a risk that people may give up on long-term plans altogether. In these moments, the most effective course of action is staying consistent and committed, while still remaining agile enough to adapt as needed.

    Omar H. Fares does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. 3 ways Canadians can take control of their finances in an age of economic uncertainty – https://theconversation.com/3-ways-canadians-can-take-control-of-their-finances-in-an-age-of-economic-uncertainty-260785

    MIL OSI Analysis

  • MIL-OSI Security: NATO Secretary General meets President Trump to bolster support for Ukraine

    Source: NATO

    NATO Secretary General Mark Rutte met U.S. President Donald Trump at the White House yesterday (14 July 2025) to advance critical efforts in support of Ukraine’s defence against Russian aggression. Speaking to press in the Oval Office, Rutte hailed President Trump’s pivotal decision to ensure Ukraine receives essential military resources, with NATO coordinating the effort with funding from Allies in Europe and Canada.

    Mr. Rutte highlighted the momentum from the recent NATO Summit in The Hague, where Allies agreed to a 5% GDP defence spending target and increased defence industrial production as well as continued support to Ukraine. He underscored how this effort brings all three together just weeks after the historic decisions were made. NATO is now working on substantial military equipment packages, including air defence systems, missiles, and ammunition. Rather than a single, finite package, the announcement yesterday marks new impetus, focused on rapid, substantial equipment transfers to Ukraine. “This is Europe stepping up,” he stated, noting commitments from Germany, Finland, Denmark, Sweden, Norway, the United Kingdom, the Netherlands, and Canada, with more expected to follow. 

    While in Washington, the Secretary General also had meetings with the Secretary of Defense, Pete Hegseth, and Secretary of State, Marco Rubio, as well as Members of Congress. 

    MIL Security OSI

  • MIL-OSI USA: Researcher Spotlight: Violeta Sanchez i Nogue’s Journey to Bioprocess Development at NREL

    Source: US National Renewable Energy Laboratory


    On a Christmas morning in the early 1990s, in a small town north of Barcelona, a young Violeta Sanchez i Nogue’s interest in chemistry was born. She unwrapped a junior chemistry lab kit that would ignite a love of science and lead to a successful career as a senior researcher at NREL.

    Violeta Sanchez i Nogue, now a senior researcher, started her career at NREL as a postdoctoral researcher. Photo by Werner Slocum, NREL

    “With the kit, you could run lots of different assays inside glass tubes with different chemical compounds,” Sanchez i Nogue said. “It even had an alcohol burner! In retrospect probably not the safest game, but you can imagine lots of color changes and fume generation when reactions were taking place. I had lots of fun playing with this game with my sister, and I was just fascinated by it.”

    With visions of someday working in a chemistry lab, Sanchez i Nogue took an opportunity to expand her horizons by joining an engineering boot camp during the summer before high school graduation.

    “I really enjoyed it, as it gave me exposure to university-level research,” she said. “We spent a couple of weeks taking environmental samples in the Pyrenees and analyzing them in a lab the university had installed at the mountain hostel. Most of the researchers were from the chemical engineering department, so I had the chance to learn about the types of research they were doing.”

    Combining Scientific Passions

    Needless to say, she was hooked. She decided to combine her two interests and pursue a degree in chemical engineering at the Autonomous University of Barcelona. During her undergraduate studies, she completed an internship at Lund University in Sweden, where she later returned to earn a Ph.D. in engineering. It was here that she became familiar with NREL’s leading work on lignocellulosics and bioethanol—the focus of her thesis.

    Sanchez i Nogue worked for a startup company developing yeast strains and processes for second-generation ethanol and other biotech applications. In the summer of 2015, she joined NREL as a postdoctoral researcher working on a project to produce renewable carbon fibers.

    “It just felt like a once-in-a-lifetime opportunity when a colleague from grad school sent me the job posting,” Sanchez i Nogue said. “It was a relatively big project with universities, other national labs, and industrial partners. This first project was ambitious, and the fermentations I was running were really fast, but it was an amazing experience to be able to work with a highly multidisciplinary team. After a few months of being at NREL, I had the opportunity to join another project, which I am still part of.”

    Working With Microorganisms

    “While one might think the challenges an organism faces when we put them in bioreactors are really different compared to their native environment, you can actually leverage lots of natural strengths and weaknesses from learning about their origins,” Sanchez i Nogue said.

    Violeta Sanchez i Nogue works with digesters in NREL’s Field Test Laboratory Building. Photo from Violeta Sanchez i Nogue, NREL

    Most of her projects have parallel efforts across the laboratory in metabolic engineering, separations, catalysis, and analysis.

    “Working on multidisciplinary projects with people who all have unique sets of expertise and backgrounds can be challenging at times,” Sanchez i Nogue said. “But it always feels like a pivotal moment when synergies occur because people work together.”

    “I love the fact that I learn something new every single day,” she said. “I have what I consider one of the greatest privileges in a job: I work with dedicated, hard-working, and kind people, and this is a pleasure not everyone has.”

    Seeking New Challenges

    While the development of core capabilities happens on a laboratory scale, Sanchez i Nogue also works at the pilot scale in NREL’s Integrated Biorefinery Research Facility and externally with different industrial and university project partners.

    Given her proclivity for collaboration, Sanchez i Nogue is not one to shy away from a new challenge. In 2023, she worked to onboard new operations in NREL’s Field Test Laboratory Building to be able to use different types of organic waste (including food waste, manure, and wastewater). Today, she is doing similar work on setting up an aerobic gas fermentation system in NREL’s new Research and Innovation Laboratory that will allow the use of hydrogen, oxygen, and flue gases.

    “Deploying new capabilities in the lab is often challenging,” Sanchez i Nogue said. “Who do we bring to the table to help moving things forward? How does it fit into the current lab operations? Which changes will be needed to implement it safely? It is a lot of work behind the scenes.”

    Sanchez i Nogue’s behind-the-scenes work has a history of paying off.

    “Over these last years, I have been fortunate to work with people who took our challenges as theirs, and that has allowed for instrumental changes to the system,” she said. “I am happy to contribute to expanding NREL’s bioeconomy and sustainable transportation research capabilities!”

    Living Beyond the Lab

    Outside of work, Sanchez i Nogue enjoys cooking, baking, reading, gardening, and raising her 2-year-old daughter, which includes answering endless whys about people and nature’s curiosities.

    “We recently had a nice opportunity to see a couple of robins nesting in our front yard, so we talked about how and why they were constructing the nest, laying the eggs, incubating them, feeding them, teaching them to fly, and more,” she said. “She is also fascinated by butterflies and has just started to distinguish ants from spiders.”

    Her daughter’s expanding love of learning about the world around her mirrors that of her own, nurtured by the fateful junior chemistry lab kit from many Christmases ago.

    MIL OSI USA News

  • MIL-OSI: Hongli Group Inc. – Nasdaq Minimum Bid Price Non-Compliance

    Source: GlobeNewswire (MIL-OSI)

    WEIFANG, CHINA, July 15, 2025 (GLOBE NEWSWIRE) — Hongli Group Inc. (the “Company”) (Nasdaq: HLP) today announced that on July 10, 2025, it received a deficiency letter (the “Notice”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The Notice informed the Company that, based upon the closing bid price of the Company’s ordinary shares (“Ordinary Shares”) over the 30 consecutive business day period between May 27, 2025 and July 9, 2025, the Company is not in compliance with the requirement to maintain a minimum bid price of $1.00 per share of its Ordinary Shares for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

    The Notice has no immediate effect on the continued listing status of the Ordinary Shares on The Nasdaq Capital Market. The Company has been provided a compliance period of 180 calendar days from the date of the Notice, or until January 6, 2026, to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). If at any time before January 6, 2026, the closing bid price of the Ordinary Shares reaches or exceeds $1.00 per share for a minimum of 10 consecutive business days, the Staff will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement, and the matter would be resolved. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten business days prior to January 6, 2026, in order to regain compliance. If the Company does not regain compliance with the Minimum Bid Price Requirement during the initial 180 calendar day period, the Company may be eligible for additional time for compliance.

    To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting

    The Company intends to actively monitor the closing bid price of the Ordinary Shares and will evaluate available options to regain compliance with the Minimum Bid Price Requirement. However, there can be no assurance that the Company will regain compliance during the initial 180-day compliance period, secure a second compliance period or maintain compliance with the other Nasdaq Listing Rules.

    About Hongli Group Inc

    Hongli Group Inc. is a Cayman Islands holding company, and through a series of contractual arrangements, consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries (collectively, “Hongli Operating Group”). Hongli Operating Group is one of the leading cold roll formed steel profile manufacturers with operating subsidiaries in China. The Hongli Operating Group designs, customizes and manufactures cold roll formed steel profiles for machineries and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation. The Hongli Operating Group, with over 20 years of operating history, has developed customers in more than 30 major cities in China as well as a global network including South Korea, Japan, U.S. and Sweden.  Hongli Operating Group currently has 11 cold roll forming production lines and produces a variety of distinct profile products in a broad range of materials, sizes and shapes.

    Forward-Looking Statement

    Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “continue” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the Company’s ability to achieve its goals and strategies, the Company’s future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, import and export restrictions, fluctuations in general economic and business conditions, the Company’s ability to comply with Nasdaq continued listing standards and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Hongli Group Inc.

    Ms. Jian Liu
    Email: zongjingban@hongli-profile.com
    Mobile: +86-18753635666

    The MIL Network

  • MIL-OSI: Smackover Lithium Reports Highest Lithium Brine Grade in SWA Project Area as FEED Studies Nearing Completion

    Source: GlobeNewswire (MIL-OSI)

    LEWISVILLE, Ark., July 15, 2025 (GLOBE NEWSWIRE) — Smackover Lithium, a Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI) and Equinor, is pleased to announce that it has completed sampling from its newest exploration well, the Lester well, in the South West Arkansas (SWA) Project area, and has recorded the highest lithium concentration reported to date from the SWA Project area; 616 mg/L lithium in brine.

    The Lester well was completed in the second quarter of this year and concludes all sub-surface exploration activities for Phase 1 of the SWA Project. The location of the Lester well in relation to the SWA Phase 1 Project is shown in Figure 1 below, and an aerial photograph of the Lester well and associated pad is shown in Figure 2.

    Sampling of brines from the upper Smackover Formation was completed by the Company, and subsequent analysis of the brine by an independent third-party certified laboratory demonstrated significantly higher than expected lithium concentrations in the Lester brine, marking the highest lithium grade reported for the SWA Project. The summarized lithium brine analyses are provided in Table 1 below which highlights the average lithium concentration from three brine samples was 582 mg/L.

    Dr. Andy Robinson, President and COO of Standard Lithium stated, “The Smackover Lithium team has now completed all the fieldwork and testing required for Phase 1 of the SWA Project. We completed this final well in a part of the project area where we expected the lithium concentration to be approximately 500 mg/L, so we’re encouraged with these latest sampling results that show the highest lithium concentrations in the whole SWA Project area (maximum 616 mg/L), demonstrating a marked improvement from levels in the existing world-class lithium brine resource.

    With all of the fieldwork complete, the joint Smackover Lithium team is working to complete the FEED study, with a Definitive Feasibility Study expected later in the third quarter of this year. The completion of these studies will represent a significant milestone as the team rapidly advances Phase 1 of the SWA Project through off-take negotiations and project finance towards a Final Investment Decision targeted by year-end 2025.

    Figure 1: SWA Project, Phase 1 Reynolds Unit and Location of Lester Well

    Table 1: Lester Well Lithium Brine Analyses in SWA Phase 1 Project Area

    Sample Name [1] Lithium
    mg/L
     
    Lester 2 #1 559
    Lester 2 #2 571
    Lester 2 #5 616
    Average Concentration [2] 582
       

    Notes:  Analyses conducted at WETLAB (Western Environmental Testing Laboratory) – 475 E Greg St, Suite 119, Sparks NV 89431.
    [1] Sample names are as reported by the independent third party laboratory. Samples #3 and #4 were a blank sample and a synthetic spike sample, used for laboratory data verification and QA/QC purposes. They are omitted here for clarity.
    [2] A simple average concentration is provided from the Lester well for illustrative purposes of the general lithium brine quality in the Lester well. Porosity-weighted averages will be used in future resource quality estimates.

    Figure 2: Aerial Photo of Lester Well in SWA Phase 1 Project

    Notes:  Photograph is taken looking approximately northeast across the Lester well-pad.

    Qualified Person

    Steve Ross, P.Geol., a Qualified Person as defined by NI 43-101, has reviewed and approved the relevant scientific and technical information that forms the basis for this news release. Mr. Ross is a consultant to the Company.

    About Smackover Lithium

    Smackover Lithium is a joint venture between Standard Lithium and Equinor. Formed in May 2024, Smackover Lithium is developing two Direct Lithium Extraction (“DLE”) Project Companies in southwest Arkansas and east Texas. Standard Lithium owns a 55% interest and Equinor holds the remaining 45% interest in the two Project Companies, with Standard Lithium maintaining operatorship.

    About Standard Lithium Ltd.

    Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas.

    Standard Lithium trades on both the TSXV and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

    About Equinor

    Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and has offices in more than 20 countries worldwide. Equinor’s partnership with Standard Lithium to mature DLE projects builds on its broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.

    For more information on Equinor in the US, please visit: Equinor in the US – Equinor

    Investor Inquiries

    Dan Rosen
    Standard Lithium Ltd.
    +1 604 409 8154
    investors@standardlithium.com

    Media Inquiries

    media@standardlithium.com

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, the timeline for completion of a Definitive Feasibility Study for the SWA Project, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cacb4d78-1a00-422a-abdf-10690d97f867
    https://www.globenewswire.com/NewsRoom/AttachmentNg/72ebbdb0-35be-4c5d-98a8-28c84b0a6859

    The MIL Network

  • MIL-OSI: Smackover Lithium Reports Highest Lithium Brine Grade in SWA Project Area as FEED Studies Nearing Completion

    Source: GlobeNewswire (MIL-OSI)

    LEWISVILLE, Ark., July 15, 2025 (GLOBE NEWSWIRE) — Smackover Lithium, a Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI) and Equinor, is pleased to announce that it has completed sampling from its newest exploration well, the Lester well, in the South West Arkansas (SWA) Project area, and has recorded the highest lithium concentration reported to date from the SWA Project area; 616 mg/L lithium in brine.

    The Lester well was completed in the second quarter of this year and concludes all sub-surface exploration activities for Phase 1 of the SWA Project. The location of the Lester well in relation to the SWA Phase 1 Project is shown in Figure 1 below, and an aerial photograph of the Lester well and associated pad is shown in Figure 2.

    Sampling of brines from the upper Smackover Formation was completed by the Company, and subsequent analysis of the brine by an independent third-party certified laboratory demonstrated significantly higher than expected lithium concentrations in the Lester brine, marking the highest lithium grade reported for the SWA Project. The summarized lithium brine analyses are provided in Table 1 below which highlights the average lithium concentration from three brine samples was 582 mg/L.

    Dr. Andy Robinson, President and COO of Standard Lithium stated, “The Smackover Lithium team has now completed all the fieldwork and testing required for Phase 1 of the SWA Project. We completed this final well in a part of the project area where we expected the lithium concentration to be approximately 500 mg/L, so we’re encouraged with these latest sampling results that show the highest lithium concentrations in the whole SWA Project area (maximum 616 mg/L), demonstrating a marked improvement from levels in the existing world-class lithium brine resource.

    With all of the fieldwork complete, the joint Smackover Lithium team is working to complete the FEED study, with a Definitive Feasibility Study expected later in the third quarter of this year. The completion of these studies will represent a significant milestone as the team rapidly advances Phase 1 of the SWA Project through off-take negotiations and project finance towards a Final Investment Decision targeted by year-end 2025.

    Figure 1: SWA Project, Phase 1 Reynolds Unit and Location of Lester Well

    Table 1: Lester Well Lithium Brine Analyses in SWA Phase 1 Project Area

    Sample Name [1] Lithium
    mg/L
     
    Lester 2 #1 559
    Lester 2 #2 571
    Lester 2 #5 616
    Average Concentration [2] 582
       

    Notes:  Analyses conducted at WETLAB (Western Environmental Testing Laboratory) – 475 E Greg St, Suite 119, Sparks NV 89431.
    [1] Sample names are as reported by the independent third party laboratory. Samples #3 and #4 were a blank sample and a synthetic spike sample, used for laboratory data verification and QA/QC purposes. They are omitted here for clarity.
    [2] A simple average concentration is provided from the Lester well for illustrative purposes of the general lithium brine quality in the Lester well. Porosity-weighted averages will be used in future resource quality estimates.

    Figure 2: Aerial Photo of Lester Well in SWA Phase 1 Project

    Notes:  Photograph is taken looking approximately northeast across the Lester well-pad.

    Qualified Person

    Steve Ross, P.Geol., a Qualified Person as defined by NI 43-101, has reviewed and approved the relevant scientific and technical information that forms the basis for this news release. Mr. Ross is a consultant to the Company.

    About Smackover Lithium

    Smackover Lithium is a joint venture between Standard Lithium and Equinor. Formed in May 2024, Smackover Lithium is developing two Direct Lithium Extraction (“DLE”) Project Companies in southwest Arkansas and east Texas. Standard Lithium owns a 55% interest and Equinor holds the remaining 45% interest in the two Project Companies, with Standard Lithium maintaining operatorship.

    About Standard Lithium Ltd.

    Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas.

    Standard Lithium trades on both the TSXV and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

    About Equinor

    Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and has offices in more than 20 countries worldwide. Equinor’s partnership with Standard Lithium to mature DLE projects builds on its broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.

    For more information on Equinor in the US, please visit: Equinor in the US – Equinor

    Investor Inquiries

    Dan Rosen
    Standard Lithium Ltd.
    +1 604 409 8154
    investors@standardlithium.com

    Media Inquiries

    media@standardlithium.com

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, the timeline for completion of a Definitive Feasibility Study for the SWA Project, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cacb4d78-1a00-422a-abdf-10690d97f867
    https://www.globenewswire.com/NewsRoom/AttachmentNg/72ebbdb0-35be-4c5d-98a8-28c84b0a6859

    The MIL Network

  • MIL-OSI: Virtune launches Virtune Coinbase 50 Index ETP on Nasdaq Helsinki

    Source: GlobeNewswire (MIL-OSI)

    Helsinki, July 15, 2025 – Virtune, the Swedish regulated crypto asset manager, announces the listing of its latest exchange-traded product, the Virtune Coinbase 50 Index ETP, on Nasdaq Helsinki traded in EUR. This listing marks a major milestone for Virtune’s continued growth in the Finnish market and reinforces its position as a leading issuer of regulated, physically backed crypto ETPs in the Nordics.

    The product is now available to Finnish investors via brokers and banks such as Nordnet.

    Virtune has worked closely with Coinbase since its inception, collaborating across all key areas – staking, trading, and custody. The launch of the Virtune Coinbase 50 Index ETP marks the next step in strengthening this partnership. It is the world’s first exchange-traded product to track the Coinbase 50 Europe Index – a broadly diversified benchmark of up to 50 leading crypto assets. The index is developed by Coinbase and administered by MarketVector Indexes™. The ETP currently holds 21 crypto assets, with the target to expand to all 50 assets pending regulatory and exchange approvals.

    The Coinbase 50 Europe Index aims to provide investors with representative exposure to the most significant and relevant digital assets in the market. The product is tailored for both institutional and retail investors seeking regulated, transparent, and professional exposure to the crypto market.

    Allocation as of 14th of July 2025:

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

    Christopher Kock, CEO of Virtune:

    “Listing our Coinbase 50 Index ETP on Nasdaq Helsinki marks a significant milestone in our mission to provide secure and regulated access to digital assets investments in Finland. We are thrilled to bring this flagship product to the Finnish market, allowing investors to trade it in EUR on Nasdaq Helsinki.”

    The Virtune Coinbase 50 Index ETP is 100% physically backed by the underlying crypto assets, securely stored in cold-storage with Coinbase, and carries a competitive annual management fee of 0.95%.

    Learn more about the product here: www.virtune.com/product/vcoin50

    About Coinbase: 

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

    Brett Tejpaul, Head of Coinbase Institutional: 

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

    About MarketVector:

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

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

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

    Key Information about the Product:

    • Exposure: Up to 50 leading crypto assets in a single product
    • Underlying assets: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management fee: 0.95% per annum
    • Trading currency: EUR
    • First day of trading on Nasdaq Helsinki: Tuesday, July 15, 2025
    • Bloomberg Ticker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VCOIN50E
    • Exchanges: Nasdaq Helsinki, Nasdaq Stockholm, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris

    In addition to the Virtune Coinbase 50 Index ETP, Virtune already has the following physically backed crypto ETPs listed on Nasdaq Helsinki:

    • Virtune Bitcoin ETP
    • Virtune XRP ETP
    • Virtune Crypto Altcoin Index ETP
    • Virtune Staked Solana ETP
    • Virtune Staked Ethereum ETP
    • Virtune Staked Cardano ETP
    • Virtune Avalanche ETP
    • Virtune Chainlink ETP

    For inquiries, please contact:

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

    About Virtune AB (Publ):

    Virtune, headquartered in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges. Through regulatory compliance, strategic partnerships, and a highly experienced team, Virtune empowers global investors to access innovative and professional investment products aligned with the evolving global crypto market.

    Crypto investments involve high risk. Virtune does not provide investment advice; investments are made at your own risk. The value of securities may rise or fall, and there is no guarantee of recovering invested capital. Please read the prospectus, KID, and terms at virtune.com. The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”).

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

    The MIL Network

  • MIL-OSI Russia: The First Russian Media Mogul. We Study Ivan Sytin’s Biography on a Tour of the Tverskoy District

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Tverskaya Street, one of the main streets in the capital, bore the name of the Soviet writer Maxim Gorky for several decades of the last century. Here, in house 12, building 2 (the address is modern, the numbering was different before), Ivan Sytin lived until 1934. He knew Gorky, Anton Chekhov and other writers of that time well. Before the revolution, he was a famous entrepreneur, one of the first publishers of the Russian Empire, the man who introduced the peasants to the works of Alexander Pushkin.

    Together with Alexey Shalamov, a tour guide at the I.D. Sytin Apartment Museum, we travel into the past, which “begins” on the second floor of the house, now a 19th century cultural heritage site, at the entrance to apartment No. 274.

    Family portrait in the interior

    “Ivan Dmitrievich and his family moved here in 1928. He lived in Moscow for a long time – from the age of 15, and moved several times. This apartment was his last home. Before that, the Sytins lived in a mansion on Pushkinskaya, but when the enterprises were nationalized, the family was given this apartment as a replacement. They moved some of the furniture here, so now we can show you the original items,” Alexey Shalamov begins the tour.

    The apartment is truly amazing — an interesting layout, high ceilings, burgundy walls in the hallway elegantly set off by Art Nouveau chandeliers and a pear-wood wardrobe, in the mirrors of which outstanding figures of the early 20th century looked at themselves on Pushkin Square. Alexander Kuprin, Dmitry Merezhkovsky, Ivan Bunin, Alexander Blok, Ilya Repin, Nikolai Roerich, Ivan Bilibin — invisible traces of their coats and hats are kept on the hooks and hangers in the hallway. The Sytins lived here as a large family of 15 people, the last of which moved out of the apartment only in the 1970s. The museum is currently hosting an exhibition called “Traditions of the Sytin Family,” created with the participation of Ivan Dmitrievich’s great-granddaughter. The exhibition tells about the family’s legacy and memory, gives an opportunity to look into the home world, and touch upon the personal life of one of the main educators of the Russian Empire.

    What was read on the “gulvars”, bazaars and in villages. We study popular literature of the 19th-20th centuries

    Ivan Sytin’s career path is truly impressive – the future publisher came from the Kostroma province and went to work in the bookstore of the merchant Pyotr Sharapov as a 15-year-old teenager, and ten years later he acquired his first lithographic press and started his own business, which later turned into a bookstore at the Ilyinsky Gate, and into the “Partnership of I.D. Sytin and Co.”, and into the publishing house “Posrednik”, created jointly with Leo Tolstoy and Vladimir Chertkov. He developed the magazine “Around the World”, which exists to this day, and on Chekhov’s advice acquired the rights to publish the newspaper “Russkoye Slovo”, deciding to increase its circulation at all costs. And he achieved his goal!

    Pushkinskaya Square and its surroundings

    Having learned the family history and imbued with the atmosphere of those years, we go out onto Tverskaya Street and move towards the monument to the sun of Russian poetry, crossing Strastnoy Boulevard. If you leave Pushkin Square on the right, then straight ahead, to the left of the Izvestia newspaper building, you can see the house of I.D. Sytin, where the family lived for more than twenty years before moving to an apartment. The estate, built according to the design of Adolf Erichson, is an example of the Art Nouveau style, very popular at that time. The publishing houses of the Pravda and Trud newspapers were later located here. Due to the fact that the building was moved several dozen meters at one time, the authentic architecture was partially lost, but on the facade you can see details decorated according to sketches by Ivan Bilibin.

    We go deeper into Pushkin Square and stop at the memorial stone to the Strastnoy Monastery. Founded in 1654, it was destroyed in 1937; its territory also housed a necropolis. Ivan Dmitrievich was a religious man, and when his wife died, she was buried here. The monastery’s bell tower offered a magnificent view of the city. Alexey Shalamov explains: “It is known that Nicholas II came here. The King of Sweden and Norway also climbed the bell tower, looked around Moscow and said that all foreigners should visit this monastery.”

    Passing the building of the Izvestia newspaper, on the same side we pay attention to the main house of the city estate of the Dolgorukovs – Bobrinskys. At one time, the president of the Academy of Arts and the Minister of Public Education Sergei Uvarov lived there, Alexander Pushkin and Anton Chekhov visited many times, the Itinerants organized exhibitions, the editorial office of the magazine Novy Mir worked there.

    Along Malaya Dmitrovka

    Around the corner on Malaya Dmitrovka is the Church of the Nativity of the Virgin Mary in Putinki, a beautiful Orthodox tent-roofed church, unique in its kind. Ivan Sytin often came here with his family and was even the church warden of the parish – it is known that two of his sons were married in the church. Literally in the next building is Mark Zakharov’s Lenkom – now a famous capital theater, and once a gentlemen’s club a la russe. “The merchants decided to build their own opposite the aristocratic club – and so that it would be better,” comments Alexey Shalamov. The 1909 building was erected according to the design of the architect Illarion Ivanov-Shits in a style that is difficult to describe unambiguously: a careful look will recognize elements of Art Nouveau, classicism, eclecticism, and signs of Art Deco. Inside is a large concert hall, a library, billiard rooms, a winter garden and, of course, a very good restaurant. Important business meetings and gatherings were also held here, and Ivan Sytin was also present.

    The final point of this part of the route is the building of the Loan Treasury in Nastasinsky Lane, built in the 1910s by Vladimir Pokrovsky, one of the founders of the neo-Russian style (now a cultural heritage site of federal significance). Here, loans were issued to merchants, among whom, probably, could have been the main hero of our excursion.

    Back to the roots

    On the way back, Alexey Shalamov told about the specifics of the publisher’s branded stores – there were five of them in Moscow, all of them were easily recognizable, thus creating additional advertising for Sytin’s life’s work. The talented entrepreneur grew up in a simple family and knew well what people liked. Therefore, he paid special attention to illustrations that attracted the eye more than the text, collaborated with talented artists, as well as with peddlers who delivered books for sale to peasants in remote villages and hamlets.

    And here we are again, the entrance to the I.D. Sytin Apartment Museum. “The house is very old, it has been heavily remodeled. If we talk about the foundation, it is from the 18th century – the Saltykov estate was here. And the house was built in the 1820s for the chief of police Alexander Shulgin – a very interesting person. Firstly, he was a contemporary of Pushkin, and secondly, his namesake. And there are many similarities in their fates,” says Alexey Shalamov.

    Classicism, Art Nouveau, Constructivism — these walls remember everything. After Shulgin, the house was owned by the entrepreneur Shevaldyshev, who opened a hotel here, where Leo Tolstoy and Fyodor Tyutchev stayed. On the ground floor there was a stagecoach office — one of the first types of public transport in Moscow, and in the neighboring Kozitsky Lane, taxis now stand, just like carriages a hundred years ago. After the revolution, various editorial offices and studios were located here, in one of them Vladimir Lenin recorded his fiery speech. Since 1928, the house has become associated with the name of Sytin, without whom the map of the Tverskoy District would be incomplete.

    Ivan Dmitrievich was an extraordinary, very hardworking person, a visionary and a pioneer, whose life path deserves a separate book. On excursions in the I.D. Sytin Apartment Museum, you will be told more about him. Tickets can be purchased atMos.ru.

    Get the latest news quicklyofficial telegram channelthe city of Moscow.

     

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI China: EU proposes new countermeasures amid trade dispute with US

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

    This photo taken on Oct. 4, 2024 shows the European Commission building in Brussels, Belgium. [Photo/Xinhua]

    The European Union (EU) has proposed a new round of tariffs on U.S. goods worth 72 billion euros (84 billion U.S. dollars), amid the ongoing trade dispute between the world’s largest economy and its biggest trading partner.

    EU trade ministers met in Brussels on Monday following U.S. President Donald Trump’s surprise announcement over the weekend of new tariffs on the bloc. Maros Sefcovic, the EU’s trade chief, said after the meeting that it was “very obvious from the discussions today, the 30 percent is absolutely unacceptable.”

    He said that the commission was sharing proposals with the 27 members “for the second list of goods accounting for some 72 billion euros (84 billion dollars) worth of U.S. imports. They will now have a chance to discuss it. This does not exhaust our toolbox and every instrument remains on the table.”

    Lars Lokke Rasmussen, the foreign minister of Denmark, which recently assumed the EU presidency, said the bloc views the new tariff as “absolutely unacceptable and unjustified” and is prepared to respond if talks with Washington fail to produce a viable outcome.

    “We are committed to continuing working with the United States on a negotiated outcome,” he said, adding that the agreement has to be “mutually acceptable” on both sides.

    In a letter to European Commission President Ursula von der Leyen on Saturday morning, Trump announced a 30 percent tariff on the EU as of Aug. 1, blaming the bloc for causing “long-term, large, and persistent Trade Deficits.”

    “Our relationship has been, unfortunately, far from reciprocal,” he wrote in the letter. “The EU will allow complete, open Market Access to the United States, with no Tariff being charged to us, in an attempt to reduce the large Trade Deficit.”

    In response to Trump’s latest deadline, the EU decided to postpone retaliatory counter tariffs on 21 billion euros (24.5 billion dollars) of U.S. goods that had been due to kick in at midnight on Monday until Aug. 1.

    The EU is open to trade talks with the United States for an agreement before the deadline, but won’t rule out taking countermeasures, said Von der Leyen.

    “We remain ready to continue working towards an agreement by Aug. 1,” the EU leader said in a statement. “At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required.”

    The proposed tariff threatens to take a heavy toll on the EU economy. An analysis by the Milan-based Institute for International Political Studies suggested that Italy would be among the EU countries most affected by the U.S. tariffs.

    Under a 30-percent duty scenario, Germany’s GDP would contract by an estimated 0.5 percent compared to a no-tariff baseline, while Italy’s GDP would shrink by approximately 0.36 percent, said the think tank.

    On Monday, the Association for the Development of Industry in the Mezzogiorno (SVIMEZ) released its estimate of the impact of the U.S. tariffs on Italy’s exports, projecting a reduction of nearly one-fifth in export volume and a loss of 12.4 billion euros (14.48 billion U.S. dollars) in trade once the tariffs take effect.

    SVIMEZ also warned of broader macroeconomic consequences, estimating a 0.5-percent reduction in Italy’s GDP in 2026 and the potential loss of up to 150,000 jobs, including some 13,000 in the country’s southern regions.

    “Our government is in close contact with the European Commission and all parties involved in the tariff negotiations,” said Italian Prime Minister Giorgia Meloni in a statement.

    “A trade war within the West would make us all weaker in the face of global challenges we are addressing together. Europe has the economic strength to protect its interests and reach a fair agreement,” she said.

    MIL OSI China News

  • MIL-OSI China: EU proposes new countermeasures amid trade dispute with US

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

    This photo taken on Oct. 4, 2024 shows the European Commission building in Brussels, Belgium. [Photo/Xinhua]

    The European Union (EU) has proposed a new round of tariffs on U.S. goods worth 72 billion euros (84 billion U.S. dollars), amid the ongoing trade dispute between the world’s largest economy and its biggest trading partner.

    EU trade ministers met in Brussels on Monday following U.S. President Donald Trump’s surprise announcement over the weekend of new tariffs on the bloc. Maros Sefcovic, the EU’s trade chief, said after the meeting that it was “very obvious from the discussions today, the 30 percent is absolutely unacceptable.”

    He said that the commission was sharing proposals with the 27 members “for the second list of goods accounting for some 72 billion euros (84 billion dollars) worth of U.S. imports. They will now have a chance to discuss it. This does not exhaust our toolbox and every instrument remains on the table.”

    Lars Lokke Rasmussen, the foreign minister of Denmark, which recently assumed the EU presidency, said the bloc views the new tariff as “absolutely unacceptable and unjustified” and is prepared to respond if talks with Washington fail to produce a viable outcome.

    “We are committed to continuing working with the United States on a negotiated outcome,” he said, adding that the agreement has to be “mutually acceptable” on both sides.

    In a letter to European Commission President Ursula von der Leyen on Saturday morning, Trump announced a 30 percent tariff on the EU as of Aug. 1, blaming the bloc for causing “long-term, large, and persistent Trade Deficits.”

    “Our relationship has been, unfortunately, far from reciprocal,” he wrote in the letter. “The EU will allow complete, open Market Access to the United States, with no Tariff being charged to us, in an attempt to reduce the large Trade Deficit.”

    In response to Trump’s latest deadline, the EU decided to postpone retaliatory counter tariffs on 21 billion euros (24.5 billion dollars) of U.S. goods that had been due to kick in at midnight on Monday until Aug. 1.

    The EU is open to trade talks with the United States for an agreement before the deadline, but won’t rule out taking countermeasures, said Von der Leyen.

    “We remain ready to continue working towards an agreement by Aug. 1,” the EU leader said in a statement. “At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required.”

    The proposed tariff threatens to take a heavy toll on the EU economy. An analysis by the Milan-based Institute for International Political Studies suggested that Italy would be among the EU countries most affected by the U.S. tariffs.

    Under a 30-percent duty scenario, Germany’s GDP would contract by an estimated 0.5 percent compared to a no-tariff baseline, while Italy’s GDP would shrink by approximately 0.36 percent, said the think tank.

    On Monday, the Association for the Development of Industry in the Mezzogiorno (SVIMEZ) released its estimate of the impact of the U.S. tariffs on Italy’s exports, projecting a reduction of nearly one-fifth in export volume and a loss of 12.4 billion euros (14.48 billion U.S. dollars) in trade once the tariffs take effect.

    SVIMEZ also warned of broader macroeconomic consequences, estimating a 0.5-percent reduction in Italy’s GDP in 2026 and the potential loss of up to 150,000 jobs, including some 13,000 in the country’s southern regions.

    “Our government is in close contact with the European Commission and all parties involved in the tariff negotiations,” said Italian Prime Minister Giorgia Meloni in a statement.

    “A trade war within the West would make us all weaker in the face of global challenges we are addressing together. Europe has the economic strength to protect its interests and reach a fair agreement,” she said.

    MIL OSI China News

  • MIL-OSI Europe: Answer to a written question – Age verification app – E-002140/2025(ASW)

    Source: European Parliament

    The Commission is concerned about ensuring children are protected online and is, as part of this, working on a common EU approach to age verification.

    To this end, a robust EU-harmonised age verification app that is privacy-preserving and easy to use is being developed in cooperation with the Member States via the European Board for Digital Services[1].

    This work is part of a set of measures for the protection of minors, including the Digital Services Act art. 28 guidelines and enforcement actions, the action plan against Cyberbullying, and the inquiry on the impact of social media on mental health.

    The app will initially allow users to prove that they are over 18 years when accessing online content restricted to adults (e.g. pornography, gambling, online alcohol purchase). It is technically possible and envisaged to extend the app to other age limits.

    Mid-July 2025, a white-label app will be made available to Member States, who may then customise and adapt it to their national contexts (e.g. compatibility with national digital infrastructures and legal frameworks, branding and translation) and decide to publish it in the app stores.

    This release launches a pilot phase during which the white-label app will be tested and further customised in collaboration with Member States, online platforms and end-users.

    5 frontrunner Member States — Denmark, France, Greece, Italy, and Spain — will be the first to take up the technical solution in view of publishing a customised national app on the app stores. The Commission prepares to scale the app to Member States with national implementation strategies.

    The European Parliament is kept informed on this and broader actions in this policy area through presentations at the appropriate Committees meetings and structured dialogues.

    • [1] https://digital-strategy.ec.europa.eu/en/policies/dsa-board.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Age verification app – E-002140/2025(ASW)

    Source: European Parliament

    The Commission is concerned about ensuring children are protected online and is, as part of this, working on a common EU approach to age verification.

    To this end, a robust EU-harmonised age verification app that is privacy-preserving and easy to use is being developed in cooperation with the Member States via the European Board for Digital Services[1].

    This work is part of a set of measures for the protection of minors, including the Digital Services Act art. 28 guidelines and enforcement actions, the action plan against Cyberbullying, and the inquiry on the impact of social media on mental health.

    The app will initially allow users to prove that they are over 18 years when accessing online content restricted to adults (e.g. pornography, gambling, online alcohol purchase). It is technically possible and envisaged to extend the app to other age limits.

    Mid-July 2025, a white-label app will be made available to Member States, who may then customise and adapt it to their national contexts (e.g. compatibility with national digital infrastructures and legal frameworks, branding and translation) and decide to publish it in the app stores.

    This release launches a pilot phase during which the white-label app will be tested and further customised in collaboration with Member States, online platforms and end-users.

    5 frontrunner Member States — Denmark, France, Greece, Italy, and Spain — will be the first to take up the technical solution in view of publishing a customised national app on the app stores. The Commission prepares to scale the app to Member States with national implementation strategies.

    The European Parliament is kept informed on this and broader actions in this policy area through presentations at the appropriate Committees meetings and structured dialogues.

    • [1] https://digital-strategy.ec.europa.eu/en/policies/dsa-board.

    MIL OSI Europe News

  • MIL-OSI Europe: Briefing – Extraterritorial processing of asylum claims – 15-07-2025

    Source: European Parliament

    In the past decade, continuous migration and asylum pressure on European Union Member States has made the external dimension of the EU’s approach to migration management all the more important. The need to address challenges relating to external border management has reoriented EU migration policy towards extended and stricter border controls, combined with the externalisation of migration management through cooperation with third countries. Thus, the external processing of asylum claims has also been put forward as a possibility. Overall, asylum is governed by international, EU and national laws. Both EU and national asylum legislation must be aligned with the international legal framework. Although EU law does not provide for the processing of asylum applications outside the EU, the idea of ‘transit’ or ‘processing’ centres in third countries has been recurrent over the years. Examples of externalisation procedures can be found around the world. Some non-EU countries, such as Australia and the United States, have practical experience of the extra-territorial processing of asylum claims. Within Europe, back in 1986 Denmark tabled a draft resolution in the United Nations (UN) General Assembly to create UN centres where asylum claims could be processed, in order to coordinate the resettlement of refugees among all states. Later, in 2001 and 2002, when the EU experienced the first peak of migrant arrivals in the EU, this was followed by a series of proposals involving the external processing of asylum requests. Extraterritorial processing was first put forward by the United Kingdom in 2003, while Germany proposed the establishment of asylum centres in North Africa in 2005. The series of proposals made over the years with a view to externalising migration policies have raised concerns, not least in relation to the human rights implications, asylum procedures and EU and international law. This briefing updates an earlier edition, of January 2024, by the present authors along with Anita Orav.

    MIL OSI Europe News

  • MIL-OSI Europe: Government frees up nearly SEK 1.7 billion for increased support to Ukraine and humanitarian initiatives

    Source: Government of Sweden

    The Swedish Government is currently creating the conditions to expand development assistance to Ukraine this year and be able to respond even better to global humanitarian needs. This is being done by reprioritising both geographic and thematic assistance, freeing up nearly SEK 1.7 billion for 2025. The Government has also decided to begin phasing out the Strategy for Sweden’s development cooperation with Afghanistan and the Strategy for Sweden’s regional development cooperation with Asia and the Pacific region.

    MIL OSI Europe News

  • MIL-OSI Europe: Government frees up nearly SEK 1.7 billion for increased support to Ukraine and humanitarian initiatives

    Source: Government of Sweden

    The Swedish Government is currently creating the conditions to expand development assistance to Ukraine this year and be able to respond even better to global humanitarian needs. This is being done by reprioritising both geographic and thematic assistance, freeing up nearly SEK 1.7 billion for 2025. The Government has also decided to begin phasing out the Strategy for Sweden’s development cooperation with Afghanistan and the Strategy for Sweden’s regional development cooperation with Asia and the Pacific region.

    MIL OSI Europe News

  • MIL-OSI Europe: New purchases of defence materiel to Ukraine

    Source: Government of Sweden

    The Swedish Government has taken a supplementary decision on procurement of approximately SEK 1.5 billion in defence materiel to support Ukraine. This includes at least 10 new gun barrels for the previously donated Archer artillery system, long-range strike capability, underwater systems and logistics equipment.

    MIL OSI Europe News

  • MIL-OSI Europe: SEK 135 million in new support to Ukraine’s civil cybersecurity

    Source: Government of Sweden

    Sweden is providing a new contribution of SEK 135 million to Ukraine’s civil cybersecurity. Cyberattacks on civilian infrastructure are an increasing threat in many countries, especially Ukraine. The attacks originate primarily from Russia and are directed at targets such as central government functions and basic civil services for citizens. In 2024, Ukraine was subjected to more than 4 315 cyber incidents – an average of 12 a day.

    MIL OSI Europe News