Valruzia

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NOWOGARD - Prime Minister Jan Vaughn-Rosta (JVR) has announced the resumption of the government campaign to elect Valruzia to the World Congress Security Council. The decision to resume the campaign was announced by the JVR only 2 missions after its suspension and is the result of the consensus reached between the governments of Yingdala and Valruzia. In recent months, the Nowogard campaign seemed to be slowing down, and in the eyes of many, the decision to suspend the campaign was a withdrawal from the race for Seat C in the Council. However, as a result of the tensions that followed the proposal of Resolution 87 to condemn the Republican movement in Hutori and the strong protest of the government in Nowogard and the fierce exchange of views between the JVR and Tian'an's representative in the General Assembly, the mood began to lean in favor of Nowogard, and so the government in Tian'an decided to withdraw from the race and officially support the efforts of Nowogard, arguing that it was Valruzia's strong conviction to respect international law and the right to self-determination.



The JVR noted that despite recent tensions between Tian'an and Nowogard and political differences, the two countries remain among the main proponents of the peaceful fight against threats to international security and the reform of the World Congress in order to better allocate resources to combat various threats to international security. The commitment to respect for sovereignty and the will to reform the WC in a way that will make it more effective is a central idea that guides the Valruzia government in its campaign.



According to their rhetoric, the governments of Tian'an and Nowogard confirm that the vision of Likatonia in the SC, a country that only a few years ago went to something that no other country has done in the history of the WC and announced its withdrawal from its structures, making it clear to other member states that there is no respect for international structures and no respect for the fundamental norms of international law, the principle of 'pacta sunt servanda', is something unacceptable. In the eyes of Nowogard, the recent return of the government in Clovisport to the WC and the launch of a campaign based on the idiotic arguments of federalism and the supranationalism of the WC and SC is sufficient evidence of the unimaginable cynicism of a government of a country that is corrupt and has many shortcomings.

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NOWOGARD - Ministry of National Defense has put two divisions of the Defense Navy of Valruzia in response to recent aggression of LIkatonia against Telamon. Valruzian outgoing Prime Minister Jan Vaughn-Rosta announced that Nowogard is closely monitoring the situation and is in permanent contact with its allies in Keymon, Hutori, and Trigunia. JVR called the recent actions of Clovisport an absolute disgrace and a reckless provocation which needs to be addressed by the international community. Nowogard also highlighted the fact that a country that is trying to enter the Security Council and promotes itself as a reliable partner and voice of smaller nations in the World Congress at the same time breaks international law and carries out blatant aggression on another country. JVR confirmed that Nowogard will try to work out a solution with its allies to hold Likatonia in contempt and accountable for its actions. Prime Minister said that the lack of professionalism and credibility of the Government in Clovisport depraved Likatonia to Rouge Nation and that Nowogard will take all necessary actions to prevent similar situations to take place in the future. One of the first decisions of the government was to impose a temporary ban on all Likatonian exports to Valruzia, and announced that Government predicts that Clovisport will introduce reciprocal measures and prepared a stimulus package for Valruzian industry to mitigate the outcome, especially for the automotive industry.

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NOWOGARD - This morning the Ministry of Defence confirmed the purchase of at least 30 new Valfin-type Search and Rescue vessels. During today's press conference the head of MOND Filip Taranowicz informed about the approval by his department of the documents concerning the purchase of the ship from Ecknet-Abert shipyard. Taranowicz confirmed that MOND actively participated in the design process and the ship is to best meet the expectations of both the Defense Navy and the Coastal Guard.
As Minister Taranowicz informed, the approval of the new documentation took place after talks with Prime Minister Jan Vaughn-Rosta. Although MOND does not disclose details, it is to be expected that the Minister's decision will open the way for the Armaments Inspectorate to start preparations for the incorporation of the ship. MOND has confirmed the order for at least 30 new ships.



As a result of the agreement signed, for a VPO of 12.2 billion, the task was to be carried out by the Valruzian Armaments Group through the Eckner-Abert shipyard. The final design of the vessel was approved in February this year. The result would be a vessel with dimensions: 102 meters in length, 22.8 meters in width, 6 meters draft, a maximum speed of 19 knots, and a displacement of about 9,000 tons.



Valfin-class vessel will be equipped:

A diving complex for carrying out works at great depths (saturated dives) and healing decompression of rescued submarine crew members;

Underwater observation system;

Unmanned submarine vehicles;

High-capacity and operational lifting device;

Fire-fighting systems for firefighting;

Deactivation and disinfection systems;

Helicopter landing area;

Medical complex.



This equipment was to be able to assist and rescue crews of damaged submarines; carry out submarine work at various depths, including saturated diving; search and extraction of sunken military technology; fire-fighting of vessels and performing deactivation and disinfection procedures when using weapons of mass destruction. On 24 April, about two months after the final approval of the project, the Armaments Inspectorate canceled the contract on the grounds of a protracted implementation process and the increase in contract costs declared by the contractor. However, already at the time of the cancellation of that contract, the Armaments Inspectorate stated that it would seek to resume the project as soon as possible. After the Valfin resignation, as it turns out, there were also concerns on the part of the trade unions about the future of the Eckner-Abert shipyard, which relies heavily on MOND orders, especially considering that the annulment of the earlier proceedings on the Valfin coincided with the choice of a patrol ship's offer for the Border Guard in a foreign shipyard.



Although the details of the Valfin program in its new form are not known, it can be expected that MON will seek to export a new type of ship. This, in turn, may be an opportunity for Ecnker-Abert and reduce dependence on domestic orders. Already at the moment of canceling the last contract for this ship, Major Grzegorz Nowacki, the IU spokesman, informed: "The Ministry of National Defence invariably takes the position that Polish industrial and scientific research entities with knowledge and experience in the field of platform construction and ship systems integration should be involved in the process of building a new rescue ship".

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NOWOGARD - Ministry of National Defense of Valruzia signed new orders for additional armament for the National Forces of Defense and specifically the Land Forces. Valruzian Armaments Group will deliver 610 self-propelled "Rak" (Lut. Crayfish) howitzers to the Land Forces to replace and expand the current equipment. In addition, MOND has signed a deal with domestic producers to deliver 1.9 million new uniforms and items of equipment for soldiers of the National Defence Forces. The total value of the deal was set at VPO 1.99 billion.



The Ministry had already signaled its intention to purchase new howitzers for the armed forces, but Minister Taranowicz did not disclose any details about the planned purchase. Now, however, we find out that it is a purchase of a new generation of self-propelled howitzers "Rak" on the project which Valruzian Armaments Group has worked on in the last few years and on the same platform, apart from the howitzers, other units are to be built, which is an advantage of the high modularity of the MPB platform - Modular Battle Platform. So far MOND has not announced any plans to purchase other vehicle versions.



The signing of the agreement between the Ministry of National Defence and the Valruzian Armaments Group took place on Friday at the military base in Łask near Nowogard, where four battalions of the Land Forces are stationed. The place was certainly not chosen at random, considering that it is at Grace that the largest number of self-propelled howitzers are stationed. According to military experts, the goal of MOND will be to saturate military units in the northern part of the country as well as around the capital in response to growing political tensions and fear of conflict between Likatonia and Lodamun. Most of the howitzers will now be placed at the border bases and located in the northern parts of the Chynberg and Kampania provinces. According to experts, MOND does not assume the need to saturate military units located in the south of the country. MOND and the whole government are closely monitoring the situation on the Seley continent. When signing the agreement, Minister Taranowicz for the first time referred to Lourenne's growing influence on the continent, especially in view of the recent interference in Kalistan. Taranovich assured that military intelligence is closely monitoring the situation and will take all steps to ensure security on the continent and to guarantee the national security of Valruzia.



At present, the Land Forces have 140 heavy self-propelled VAC MRD and DAN howitzers (also supplied under a contract with WAG). Both vehicles are heavy units, equipped with a 155 and 152 mm gun-howitzer respectively. They are mainly stationed at bases in the voivodeships of Valusia, Chynberg, and Kampania. With the purchase of new howitzers, MOND wants to fill the gap and the need for smaller vehicles of modular character, whose purpose can be changed in a relatively short period of time (Cancer howitzers can be adapted to the role of close support of infantry or technical and mobile radar vehicles within one hour).



A few years ago, a contract was signed for the modernization of VAC DAN self-propelled howitzers in order to adapt them to the use of high-explosive anti-tank munitions and for the supply of new types of munitions. The price of modernization and adaptation of the new howitzers cost VPO 750 million, for comparison, the modular character of the Cancers allowed to reduce the price to 3 million per unit, which translates into VPO 1.8 billion for 610 units (not including additional costs).



After completing the signed contract and delivering all vehicles, the Land Forces will have more than 750 self-propelled howitzers, becoming the largest user of such machines on the continent. The vehicles will be formed into formations called Fighting Modules consisting of five howitzers and two cars, whose task will be to protect the howitzers. Ultimately, the main component of the Battle Modules (three howitzers) in combat conditions is to be self-sufficient in terms of defense, but work on defense systems and adaptation of systems known from the S01X infantry support tank is still ongoing and will be completed within five years.

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NOWOGARD - Over the next few years, it will become obvious that the National Bank of Valruzia (NBW) has monetized several trillion pesos of Valruzian governmental debt. The orthodox fear is that printing money to fund current and past fiscal deficits inevitably leads to dangerous inflation. The rules in Valruzia probably will be a small uptick in inflation and growth. And the financial market's most likely reaction will be a simple and calm yawn.

Valruzian government debt now stands at more than 200% of GDP, and at about 110% even after deducting holdings by various government-related entities, such as the social security fund. This debt mountain is the inevitable result of the large fiscal deficits that Valruzia and its government have run for centuries. And it is debt that will never be "repaid" in the normal sense of the word.

FIgures presented by the PKN-led Ministry of Finance in its final report illustrate why. Fior Valruzia to pay down its net debt even to 100% of GDP by 4800, it would have to turn a relatively large budgetary deficit, which the Government in Nowogard is used to managing, into a surplus and maintain this surplus for at least 20 years, something, according to experts - unrealistic. If this was attempted, Valruzia would be condemned to sustained deflation and immense recession which would undoubtedly bring other economies in the continent to a recession. It is highly unlikely that with conservative tax policy, the government would follow the path of fiscal and tax revolution which would affect the credibility and rating of the government.

Instead of being repaid, the government's debt has, for years, gradually, outside the spotlight, been bought by the NBW, whose purchase of nearly one trillion pesos per year allowed the government to stabilize the expenditures of the government with the incoming assets. Here the Ministry of Finances manages to find the "golden mean" to due to the character of relations between the Government and the National Bank, although the NBW is independent, it is obligated to return the interest it receives on government bonds to the government, it is only the declining net figure that represents a real liability for future Valruzian taxpayers.

The stated aim of the NBW's gain quantitative easing operation is to raise asset prices, reduce interest rates, weaken the peso's exchange rate, and thus stimulate business investment and exports. These indirect transmission mechanisms are certainly having some positive impact on inflation and growth: private credit has turned positive since the aforementioned quantitative easing was launched several decades ago. But the bigger economic stimulus derives from the government's continued large fiscal deficits, effectively funded with NBW-created money.

That reality is not yet openly admitted. The official doctrine is that the NBW eventually will sell back all of the government bonds that it has acquired. But it need not do so. Indeed, the NBW could maintain its current level of government-debt holdings indefinitely, making new purchases as existing bonds mature. And if the money created – in the form of commercial bank reserves at the NBW – ever threatened to support excessive credit growth and inflation, the NBW could offset that danger by imposing reserve requirements on the banks. The Valruzian authorities are thus doing what no other government has ever dared to do – using monetized fiscal deficits to put spending power directly into the hands of companies and households.

The Valruzian authorities could make their monetization explicit by replacing some of the interest-bearing debt held by the NBW with a perpetual non-interest-bearing bond. But, regardless of whether they do so, the economic reality will become increasingly obvious over the next 10-20 years, and financial and political commentary will increasingly focus on the government’s consolidated debt burden, net of central bank holdings. As that process plays out, there is a small risk that financial markets will be spooked by orthodox fears that monetization implies excessive inflation, and that large increases in government bond yields and dramatic yen depreciation will result. But the more probable market reaction will be a collective shrug of the shoulders, accepting permanent monetization as the only possible safe way to alleviate an otherwise intractable debt burden.

Valruzia will end up having monetized, post facto, the large public deficits that it ran for centuries, and which usefully offset the impact of sustained private deleveraging. Doing so earlier would have been better; but, even without such radicalism the fate of the Valruzian fiscal sector is not as bad as is commonly assumed. Valruzia is and will most likely remain one of the richest countries in Terra, and its per capita income continues to grow, albeit slowly, with one exception of 4710s when GDP per capita grew at around 10% per year. Its unemployment rate, now 3.6%, has been consistently below Seleyan levels. And its “public debt burden” will turn out to be an illusion.

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NOWOGARD - The National Intelligence Agency (NAW), commissioned by the Minister of Special Services, Patrycja Zaradkiewicz, and the Minister of Foreign Affairs, Filip Taranowicz, has prepared a report on the deteriorating international situation in northern Seleya, particularly Likatonia and Lodamun, and international relations between the two countries. For nearly a decade now, the situation north of Valruzia seems to be worsening and the likelihood of a hybrid conflict is, according to NAW, increasingly real. NAW points out the threats posed by the current situation in Lodamun, which it describes in several points as a 'hybrid civil war', and the countermeasures that the government in Nowogard should consider and implement in order to guarantee national security and stability of international relations on the continent. The report has not been made public in full - only sections of the report marked as open have been made public.

The current internal tensions in Lodamun and the risk of an open civil war should be constantly and intensively monitored in order to stop any possible conflict that could go beyond the borders of our northern neighbors, which would involve the spread of undesirable practices and political doctrines that characterize the current political scene in Lodamun. It should be in the best interests of the Valruzian government to act to stop at all costs the spread of subversive activities by groups originating from Lodamun and to prevent such activities from taking place on the Lodamun side of the border in order to stem a possible humanitarian crisis and an intense influx of people seeking refuge for humanitarian and political reasons. Therefore, according to NAW, the government in Nowogard should not exclude the possibility of military intervention in border areas if the current government in Providence, Andalay, is not able to guarantee the tightness of the borders and to prevent the outbreaks of internal conflict from spreading to other regions.

NAW assesses the possibility of turning the current situation in Lodamun into an open, full-scale civil war in Lodamun as fully probable. At the same time, NAW has pointed out in its report a very important issue, namely the lack of a single, central center of power that could guarantee peace and the integrity of the country. NAW points out that the current ruling EAPP-PNG coalition is blatantly violating human rights and publicly admits that it is prepared to commit the crime of genocide in order to maintain power. According to NAW's experts, the lack of a single center of power with high public support creates the risk of a power vacuum which, in turn, could lead to the disintegration of society and the emergence of self-proclaimed governments which, like the current government, will not be able to build public trust and, as a result, lead to absolute social stratification and widespread poverty, hunger, and humanitarian crisis.



At the same time, NAW highlights the fact that organizations such as the World Congress and its Security Council do not take any action, even to monitor the situation and the violations of fundamental or human rights, which are commonly violated by all parties to the conflict. NAW recommends in its report to the government of Nowogard to prepare itself to act against human rights violations and crimes of genocide committed in Lodamun. At the same time, NAW points out that other countries are washing their hands of the matter under the pretext of respecting the internal affairs of Lodamun, but according to NAW, this runs counter to the main objective of the World Congress, i.e. to protect international security, and the current and further development of the internal conflict in Lodamun poses a serious threat not only to Seley's security but also to international order.



In the same report, in the section devoted to the steadily deteriorating relations between Nowogard and Likatonia, intelligence points to the need for calibration in bilateral relations, and to Nowogard taking a more resolute approach because, according to intelligence, the government in Clovisport seems to be more inclined to reason the arguments of power than other arguments. NAW simply points to overestimated military capabilities that are not in line with the government's official policy and budgetary policy. Annually, LIktaonia spends 41.5 billion on LIK's defense, which gives VPO 81 billion - 10 times less than Nowogard's defense spending (VPO 815 billion in 4761). NAW points out the lack of cohesion of press releases and the lack of budgetary cohesion allocated to defense.



According to NAW, Likatonia's military capability is much lower than in the press image created by the local rulers. According to NAW's assumptions, the overestimation applies to all branches of the armed forces, and for example, the operational capacity of the Likatonia navy is estimated at a maximum of 25 medium-sized ships, which would still put the budget of the local navy under strain, similar to the Air Force - Likatonia in press releases creates a fiction in which the Likatonia Air Force would have nearly 300 planes, including more than 150 fighters, but NAW points out that with the current budget for the maintenance of machines serving in the armed forces, the maximum number of fighters in full combat readiness is no more than 65 machines. In the same report, however, NAW recommends that the government strengthens border controls and directs more units to border areas in order to exert influence and psychological pressure to force a change in policy towards Nowogard. At the same time, NAW stresses the willingness of the Clivisport government to improve bilateral relations.

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NOWOGARD - Valruzian Automotive Group (VAG) has broken ground for a new factory to produce battery-powered and plug-in-hybrid BNG cars in Artatnia and Majatra, forging ahead in its position as automotive leader despite a slowdown in the world’s electric vehicle market. The planned factory is the latest of several economic cooperation between Endralonian and Valruzian companies, but this is the first focusing on EV production in response to rapid growth in Artania's new energy vehicles, or NEVs, a category that includes both hybrids and fully electric models. VAG has secured a deal to build the factory in a special economic zone and include a 10-year tax exemption, in exchange for establishing a factory that will boost the country's economy and create at least 2,000 jobs. The partnership with Endralon would help bring down costs for electrification, especially for smaller cars, BNG chief financial officer Nikolas Dmitrowicz told The Valruzian Economist. Reducing such costs was the industry’s “number one challenge”.

VAG's CFO Dmitrowicz said that the new factory will be located in the southern canton of Hugalon and when fully operational, will be able to produce as many as 120,000 hybrid and all-electric vehicles per year, making it one of VAG's largest factories. Dmitrowicz said that most of the production from Malivia, where VAG maintains its current largest plant in Artania, will be relocated to the new factory, and that in order to compensate for the reduction in vehicle production, VAG has announced that the factory in Malivia will be reformed to produce both BNG and other brands of the group, mainly BFS.

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With additional VPO 15 billion worth of investments from National Economic Fund and continuous expansion and development of military defense systems over the last decade, Valruzia now seeks to conduct largest military exercise in the history of Seleya and together with Lourenne, which presence in Seleya became evident, and Dolgava, which like Lourenne and Valruzia shares concerns over the stability in the northern parts of the Seleyan continent to stabilize the situation and deter possible threats for the safety of Seleya, have just agreed on the general framework of the upcoming North Defender exercises planned for Q3 of 4764.

Valruzia, Lourenne and Dolgava are looking to a massive, Valruzian-led military exercise next year to bolster Valruzia's status as a leader and primary safety guarantor in Northern and Central Seleya, especially in today's Seleya when storm cloud are looming over Likatonia and Lodamun with the latter just entering a civil war.

During a working meeting in Nowogard, the Ministers of National Defence of the three countries worked out a general framework for the planned "North Defender" exercise and set a date for the exercise to take place between September and December next year in the Chynberg and Kampania voivodeships. During a short press conference after the meeting the Minister of National Defence Filip Taranowicz said:

Together with our friends from Lourenne and Dolgava, we believe that the time has come to show all extremist, subversive forces that are ready to disrupt the international order and security of the people on the continent that any attempt to undermine the international order on the continent will be met with a strong response from peace-loving and democratic countries, countries like Valruzia, Lourenne and Dolgava.

The ambitious North Defender exercise, running roughly from September until December, will see 80 thousand Valruzian troops make their way from stateside bases to a swath of Valruzia stretching from the South Ocean to Kagan Mountains, marking the biggest, most complex, and expensive Valruzian military effort on the continent in than more 25 years. The Valruzian forces will exercise together with forces from Lourenne and Dolgava. “Valruzia will be one of the epicenters” of a series of smaller, linked exercises rolled into North Defender, deputy chief of staff Brig. Gen. Jarosław Gruzda told reporters earlier this week. The country will host live-fire training ranges and a huge division-sized river crossing at the North Chynberg training site. Valruzia maintains one of the largest defense spendings on Terra with more than VPO 820 billion (LOD ~140 billion) and runs major modernization programs. Over the last five years, the number of active military personnel has been increased to 440 thousand. The North Defender exercise will give Valruzia a chance to test the newest fighters in its Air Defense Forces' fleet - the Unionfighters and AV-13s, as well as Land Forces' RAK self-propelled howitzers.

All three countries agree that at present the greatest threat to international security is the situation in Lodamun, which is officially called the Civil War by Nowogard, and the ever-worsening situation in Likatonia, whose authorities are repeatedly violating international law. Nowogard wants to mark its presence and dedication in order to guarantee peace on the continent. Undisclosed sources report that Nowogard has decided to support the liberal forces in Lodamun.

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