Uxeau News NetworkTALK SHOW: "L'espirit du Temps". Economic Calamity of the Gallic Confederation
Bonjour, Mesdames et Messieurs
My name is Francois Vermillion and you are watching Uxeau News Network. All the latest news from Gallia and beyond!
The recent exodus of Montluc Advanced Engineering from Languedoc has significantly undermined economic activity in the region, prompting civil unrest that continues up to this day with the reports of guerrilla attacks of the rebellious miners against the local forces both planet-side and in space. The gravity of situation is starting to soak in the minds outside of Languedoc, prompting the discussion on the current economic situation in the Confederacy and social stability. Today, invited experts will be analysing the situation in Gallia regarding current economic developments, key indicators, legal side of the issue, and what a regular citizen of Gallia is to expect in the upcoming years.
Today our guests are Edmond Dufraine, Ph.D. in economics and ex-Professor of the Free University of Languedoc who left Languedoc after the recent punitive actions of the Confederacy, and Antoine Villefort, ex-Chief Officer of Marne Planetary Tax Office and now a senior Investment Fellow at “Investissements et économies Radelle” Hedge Fund.
Bonsoir, Messieurs. I hope you will excuse us at making this programme in space as our new office planetside is not ready and its location cannot be disclosed due to security issues. We welcome you to our talk show “L’espirit du temps” and hope today we all will have a fruitful discussion with insight for our viewers as what is going to happen next, and what to do or not to do.
To start, how would you evaluate the economic situation in Gallia following the collapse of the Monarchy.
Edmond Dufraine, Ph.D. in economics and ex-Professor of the Free University of Languedoc
Bonsoir, Francois. I hope Monsieur Villefort will not mind my starting *chuckles*. And thank you for having us at your studio - I surely do not mind staying in space as long as we have the opportunity to tell the Gallic populace the hard truth. And the truth in short is - Gallia is stagnating and it is unlikely to change unless it comes up with some genius revitalisation plan while stabilising political fiend.
So to understand the current economic situation, we have to get back to the basics of economics, namely the supply and demand. You see, during Royal times, the economy of Gallia was heavily oriented on the military and industrial sector as the plan on the invasion of Sirius had been being prepared for decades if not centuries. Add to this two internal wars that, despite limiting the general stability of the Kingdom, contributed to the production output of the both sides, who were competing not only militarily but also economically. And competition is the best drive for a well performing economy, especially when so much is at stake. So, to the supply and demand. The demand for the military sector and heavy industry was as high as ever - making factories work 24/7 in four or even five shifts. New factories were opened up in attempt to satisfy the insatiable hunger of the demands of the nation at war, opening up thousands if not hundreds of thousands jobs all across Gallia for both sides. In turn, it provided the workers with money who they if lacking free time invested in stocks of national companies or saved in banks, strengthening the financial system that throughout all the war time showed strong growth. If they had free time - they would go and spend hard earned Francs to rest from their work, contributing significantly to the service sector that was booming while catering for the workers of heavy industries and for huge royal army. Situation was trickier for the Council but overall was similar. The influx of resources and captured goods from the new territories was also revitalising for the Gallic economy. Of course, by the end of the war the economy was already showing signs of weakening as the expansion dragged down and the expenses soared. Yet it is still not comparable with what happened after the war.
So the war ends, Gallia is shattered into fraction-states, foreign companies technically can use this disarray to enter the new market. How did the economy feel overall? Terrible. Back to the demand and supply. Now there is no strong demand for the military and industrial sector. Of course, this slightly changed after the emergence of the Confederation but the monarchy-age levels are still unreachable. The unified government is absent, and hence no government orders and no pumping up the money. A huge chunk of state reserves were withdrawn by the Royalists fleeding to the Hebrides, i bet Monsieur Villefort will elaborate this in detail later. Local economies like Dauphine and Languedoc were cut off from the general production chains of the Kingdom, leaving them prone to unemployment and fast decay of the economic ties. Ille-de-France stood aside not governing anything, Orleanais fell to the Republic, destroying local ownership rights and making a lot of important stakeholders and talented people with capital to leave the system, Baron Montluc is just another example thereof. Republic brought socialist agenda that aggravated even further the business climate. Grand Duchy was too busy sorting out where to locate the newly came landless nobles. Only the Minarchy felt more or less fine, as the lawlessness of the interregnum gave them ripe market for spreading nox. Service sector had witnessed a plunge as the consumers did not want to spend their savings fearing that worse times are to come. Less spending - less business activity - less income - less taxes. And the situation is still dire...
Francois Vermillion: And how does the new Confederate government address those issues?
Edmond Dufraine: In theory, the task of Confederation was to restore the pre-war production chains, liberalise the market by decreasing the tax and allowing the influx of foreign capital through either free or minimally taxed foreign trade, while catering for the local Gallic businesses. If you think of it, Confederation could have used the benefits of being fractured to foster competition among the regions and thus, as I said before, to maximise the efficiency of capitalistic economy. To do so, however, the Confederacy is to embrace what “Confederacy” really is by becoming decentralised and giving freedom to the Confederate subjects to decide on their domestic policy and legislation. In doing so, the Confederates would allow the subjects of Confederacy to come up with different legal conditions for businesses to operate and regulations to trade under, making them “compete” with each other, thus maximising the production thereof. This could have been a new way for Gallia that through economic competition eventually could have united. What we saw, however, was anything but this. The Confederation de facto became a police state, coming up with lazily copied Royal Laws that were designed for different circumstances, and depriving the subjects of Confederation of any autonomy. Let me elaborate.
Royal Laws were designed to close off the Kingdom at war with almost everyone, to minimise the impact of foreign economies on the military machine of Gallia that at all times should have been capable of functioning independently. The trade of small businesses was limited for the times of war to concentrate the capital in three big corporations that performed almost all state requests and under strict supervision of the Crown - again, for the sake of stability and minimisation of foreign influence. Times have changed, however. GMS, IDF, and EFL are slowly recovering from the loss of capital withdrawn by the Crown and the nobility that fled, and after the destruction of infrastructure after the war. The new Gallia found itself in completely different circumstances and trying to apply the old approach would be just inadequate. As I said, they should have made some free trade zones, allow wider range of foreign goods and companies to enter and do business with Gallia, to export our goods, and to foster competition and growth of local economies. The restriction on mining for smaller business is just ridiculous, prompting resourceful Gallic miners to go into Taus where they risk being attacked by outcasts or someone else. Is this the way to treat your own citizens by forcing them out into dangerous space? Strict bureaucratic regulations regarding visas and registrations of modular facilities with no benefits provided in return is also blatantly stupid and definitely not the way to foster local growth and invite foreign businesses. Atop of this all, they declared supremacy of this idiotic Confederate laws over the local laws, nullifying any opportunities for the Confederate subjects to somehow mitigate the drawbacks of the Confederate legislation and come up with their own ways of nurturing local economy. Not only the Confeds prevent actually the economic growth by laws, but on example with Baron Montluc in Languedoc we saw they prevent any local developments b the use of force. They lost the legal battle to the Baron, in my opinion, as no valid legal response was even cared to be given, not even speaking about their valid points. This indifference and readiness to use force at earliest convenience renders them an autocratic state. That is something people can expect from “Kingdom” where the will of the King is absolute, but not from something with the loose name “Confederacy” and a conventional organ “Assembly” in charge.
Francois Vermillion: So what is going to happen in the field of economics to Gallic Confederacy?
Edmond Dufraine: Well, Francois, I would not be optimistic. The state stagnates, SME do not want to start as it is very problematic to enter the market under the current laws. The local governments do not show much initiative as it can be deemed “harmful” by the Confeds and stopped as it was with the Barony of Languedoc. Foreign businesses refrain from doing business in Gallia as there is too much bureaucracy with little benefits, and a typical Rheinland transport would surely rather go to Liberty famous for its trade freedoms, rather than go through nine hells of Gallic bureaucracy. Gallic Confederation now is probably worse for making business than Kusari with their rigid adherence to catering for their keiretsu. It is also reflected in the GNP dynamics of Gallia as compared to other houses
The inefficiency of Gallic foreign trade is coupled by an opportunity to get fined for anything, from comparing an officer to quasilawful entities, to being outright extorted. Exporting Gallic ores and raw resources is problematic not just for foreign corporations and individuals, but for the Gauls themselves. Will the military and industrial sectors revive? Perhaps, the Confederation is indeed building its new fleet. However, with no big and scary foreign enemy to rival, and no civil war to foster competition, those two sectors would not be enough alone to trigger the same chain reaction for the service sector as during the Kingdom times. And the service sector would not just revitalise by itself as the post-war inflation that is not curbed, the financial activity of which Monsieur Villefort will surely talk, and lack of investments would all be strong obstacles to the service sector.
Francois Vermillion: So what would you suggest for our viewers?
Edmond Dufraine: I really suggest a universal panacea in this case but I would not spend much money and would but some resources to store money in. Like gold, or platinum. With the current rate of inflation the Franc is weakening and banks are not giving a damn about it. The Bank rate at it is now is discouraging to open a business, plus the orthodox legislation. I myself ran from Languedoc after the events with the Baron, but unlike other people who followed the Baron I found my own way. First in Zurich, but with the absence of opportunities locally and with strong ties to Gallia, I ran further until found myself on planet Bordeaux. Now it is a sprawling colony of the Enclave, the Royalists. The life is booming, the legal pressure is minimal, and the local nobility has tons of money to spend on whatever you are ready to present to them. I heard there is a University soon to be opened, so I would like to stay there. If you are afraid of all the scary rumours about the Enclave - do not believe them. It is just the Gallia it used to be before the Confeds. I would suggest considering an option of moving into the Enclave’s territories where everyone is needed and one can really make a good career there. I would suggest for the Baron also to move into the Enclave’s territory with MAE! This option does not fit everyone, obviously, but if you are from among those poor souls who have nothing to lose - I would certainly give it a shot. Its young economy even now is no less promising than of the whole Confederation.
Francois Vermillion: Thank you, Monsieur Dufraine. That was an interesting analysis and quite an audacious suggestion in the end. Now, let us move to Monsieur Villefort. How would you comment the financial situation in Gallia after the war and now?
Antoine Villefort , ex-Chief Officer of Marne Planetary Tax Office and now a senior Investment Fellow at “Investissements et économies Radelle” Hedge Fund
Bonsoir, Francois. Monsieur Dufraine already touched upon certain financial points as economics and finances are inexorably intertwined, but I will add up a bit. As he mentioned, the whole production chain in Gallia after the war collapsed. This was paired with a huge withdrawal of capital by the Royal family who were the key capital holders in IDF and EFL, and also owned quite a share in GMS. Such a withdrawal decreased the production capacity of the three corporations that had to resort to drastic economical measures in everything, and to seek capital from elsewhere. Alas, this capital could not be readily found - most stakeholders in Gallia, the nobility, either fled to the Hebrides, taking everything of value with themselves, or went to Lorraine where they did not wish to readily invest the money during the interregnum and in conditions of the devalvation of the national currency. This lack of finances accompanied by decreasing quality of life and post-war inflation launched a chain reaction where regular citizens unsure of their future tried to withdraw their funds from the national and private banks who, in the absence of huge finances of the nobility, did not have the funds to pay back the deposits and had to freeze the operations of funds withdrawal. This in return caused even greater chaos among the population, and now the businesses, prompting even higher inflation, higher depreciation of Franc, and higher prices for everything. Salaries became much lower, business could not operate and could not cover their credits, and the population became risk averse, not investing into anything, not depositing the money into banks, and plungind the Gallic economy deeper into the abyss. Banks started to blow up and declaring their bankruptcy. In a dire attempt to save the situation, the Central Bank (if it was still central at the time) increased lowered the bank rate by 7% (!), however, it was too late already. The holders of the state bonds started to sell them as soon as possible, as the return on those bonds was a fantasy now. This in turn caused chaos on the financial market, where people tried to sell the stocks of big corporations to get cash and invest it into some solid goods like gold to avoid the inflation. The real estate also was devoured by the panic coupled with transition of the worlds under the new administration. Orleanais real estate was completely destroyed when the Republic came on fears that socialist legislation would not benefit the big land owners. Most of the latter left Orleans anyway just before the arrival of the Republic. So what do we have in the end? An unstable risk averse economy that is suffering from high inflation, has no capital to invest, has no desire to invest, and destroyed banking system. And then the Confederacy came with their obsolete laws that instead of liberalising the trade enforced more bureaucracy. That was the final nail. My hedge fund operated from Ille-de-France and we tried working with the Duchy, the Republic, and the Minarchy during the provisional times. The Minarchy is all about freedom and laissez-faire economy but not in the sense of “invisible control” but in the sense of absolute lack of control and regulation. You just can’t be sure if your stocks portfolio would be expropriated from you by the Course families. The Republic is a weird case of democracy where the power played with socialism for too much, hence high taxes for financial sector and strict regulation. We tried that for a bit and the profits weren’t really enticing. So we tried the Grand Duchy as well. It would be ok if not the lack of desire of the local nobility to invest in anything, fearing the aggravation of the situation. Well, and the Confederate laws. When MAE emerged we worked with them too, and it wasn’t that bad. Company wasn’t big, of course, but was rapidly growing catering for the local mining industry. We supported their political adventure, hoping that the new Barony could be a safe haven from strict regulation. When the Confeds came, we left with MAE fearing the witch hunt. Now we are located in Taus, which is not very stable, and hearing Monsieur Dufraine, we would consider moving into the territory of the Enclave. It would mean lack of access to foreign financing, but with the rigid regulation of the Confederacy, I doubt that would make a difference.
Francois Vermillion: Did the Confederation try to stop the financial chaos?
Antoine Villefort: I mentioned it before a bit. Not really, there is no single banking policy. The over-regulation of trade is not contributing to the situation, and for better or for worse they do not try to assist EFL, GMS, and IDF. The latter which almost purely depended on the Royal capital now is de facto in a state of limbo and cannot do much, hence cannot yield taxes. The Confederation including Minarchy as a fully-fledged member, the Minarchy “grey” capital can easily be invested into anything in the Confederacy, making it difficult to make reports thereon as some details are better not to be disclosed. I wonder, if the top bankers and economists of the Confederation even understand that their economy is fuelled by the nox trade. And then they blame outcasts with their Cardamine and brand them “animals”. The financial qoutes are record low nowadays, with them being lower only during the provisional period. In defence of the Confeds I need to say that should they try to interfere with the financial market - they won’t change much. As Monsiuer Dufraine said, they can try to amend the current legislation in attempt to mitigate current negative developments. But finance-wise, the Confederal government needs to restore the trust of citizens all across Gallia in financial institutions, in the national currency, and the trust of businesses as well. The Government will not benefit much from the financial sector as long as the stakeholders do not wish to invest and the state obligations are not worthy of investments.
Francois Vermillion: What is your opinion on the decentralisation that Monsieur Dufraine mentioned, and what are your thoughts of the Enclave?
Decentralisation certainly can benefit the finance field in certain ways but can also be a challenge if implemented incorrectly. Certainly, local stock exchanges can pump some money in the local economies, if the local stakehodlers show the desire to invest that is. When the local businesses are pressed like in the case of MAE, I doubt the local enterprises will be eager to do IPOs or to invest capital into each other. If done right, however, the state obligations of the local governments can be a cheap option with small but stable return to engage the population slowly into the finance sector, first locally, then Gallia-wide. THis would also revitalise the banking sector, in my opinion. And the competition, of course. Decentralisation will likely lead to every Confederate subject creating its own stock exchange, each fighting for every listing. Competition among those is good, and is more attractive to foreign investors should the those investments be legalised. Yet again, there is a question of the draconic laws that the Confederate regime imposed and which is a major obstacle to economic stability and prosperity of Gallia.
As for the Enclave - I do not possess enough credible information about their finance sector. I can assume that they still do have a lot of capital because of the Royal treasury and the hoards of wealth brought by the exiled nobility. Those funds in Francs are still subject to depreciation, unless Enclave uses their own (or I should say old) currency. However, a lot of royal treasures were in precious metals and stones, so those might be of huge value. I doubt the Enclave has a stock exchange, but that is something that they can change easily. Even the exchange, however, won’t work if there are no companies to be listed thereon. The Enclave badly needs companies that can provide services that the nobility can pay for to ensure their economy is stable, and they do need someone in the field of services to cater for the rich. Huge opportunities, but also high risks of company’s localisation and isolation. If such a company is not afraid of monopolisation, then it might be a good idea. The company can even have vertical integration and expand into multiple sectors, reaping insane profits. Enclave is sitting on huge yet unused or unsurveyed deposits of natural resources, has decent capital, and now only needs some regulation and opening up to some trade partners. I cannot really tell if their situation is as grave as in the Confederation due to not having experienced living there and lack of public resources, but there certainly are some prospects for progress, even an opportunity for the Enclave to run into a mini-House for the time being, should they ensure the stability of their domestic policy. At any rate, the Enclave is the continuation of the Kingdom and already have a track used before, they just need to adapt it to new realities, similarly to how the Confederation has to. Unlike the latter, however, they do not need to change the state apparatus, chain of command, etc. to make it work. Although, the state of permanent war and corresponding war time laws certainly would not benefit the business. Yet again, I haven’t seen Enclave’s legislation so cannot really make any remarks. If the Enclave opens up to certain trade partners and liberalises its commerce regulations - it can exploit vast natural resources it is sitting on and put the huge capital at its disposal to use.
Francois Vermillion: So you are saying that the economic perspectives of the Enclave are actually not that bad, it being isolated geographically and diplomatically?
Antoine Villefort: Look, Enclave at the moment possesses some rare resources, such as Bordeaux wildlife that certainly will be interesting to particular customers. Enclave has the infrastructure, albeit rather small, for construction of their ships and production of the resources for this construction. It still has a navy and army of formidable scope, harnessed in battles and ideologically ready to continue collecting combat experience to disadvantage of their foes. The Confederacy is too busy with their internal struggles and findings its own way after the war, like convincing the population that fighting Outcasts for their useless space is a valid national idea to counter Cardamine while the Minarchy is without any obstacles spreading Nox. Bretonia is absolutely devastated and decimated by the war in addition to some local conflicts like in Omega 49 system, their economy is at its worst level with the Leeds industrial powerhouse destroyed. Bretonians need to be concerned lest they get absorbed in an internal revolution because their population is mad at the results of the war, inability of the government to rapidly increase post-war quality of life, and their navy is weakened and susceptible to strikes of smaller parties, like the Coalition. Liberty is too far and would require to strain their diplomatic ties and threaten domestic support to engage in a meaningful crusade against some not finished Gallic Royalists - not having gained anything useful from the war and bled significantly for Bretonians, their domestic public simply won’t understand such a move, their finance indices will go down. Kusari is unlikely to attack Gallia or the Enclave, especially so soon after the end of war with Rheinland, while Rheinland is about to implode in interregnum and be absorbed by a destructive revolution. The Enclave is relatively safe and should it use this break to recuperate, repair old ships and build new ones, and attract more population from the weak Confederacy that is struggling to ensure public support - it has all chances to become a strong regional player with decent economy. Militarised heavily, but decent.
Francois Vermillion: Merci beaucoup, Messieurs. This is certainly an interesting discussion. I believe, it can give some thoughts to our viewers and, perhaps, motivate them to make changes to their lives, or even allegiances. We at Uxeau News Network will be following the economic and financial dynamics of Gallia and reporting thereon. Stay tuned, share your opinions, and keep safe! This was Francois Vermillion for UNN. Au revoir!
And now continue watching Charade of Thrones: Gallia in Blood Season 3 Finale.
Uxeau News NetworkOFFICIAL GOVERNMENTAL BROADCAST: Institution of Baronial Guard
** BROADCAST REGIONALLY LIMITED TO PLANET BORDEAUX, AQUITAINE SYSTEM **
To the information of inhabitants of Uxeau-de-Bordeaux and adjacent areas,
Decree on the Institution of the Baronial Guard
In line with the aspirations set forth in the Draft Constitution of the Barony of Languedoc, namely its Section 5 and to protect the lives and welfare of the inhabitants of Uxeau-de-Bordeaux wherein the the aforementioned Constitution applies in its limited scope under the supervision of the Gallic Royal Enclave and wherein the baronial subjects resides,
I, Fabian Montluc, Baron de Uxeau-de-Bordeaux, legitimate Baron of Languedoc, Chevalier of the King of Gallia, and His Majesty's loyal servant hereby proclaim the institution of the Baronial Guard that shall act under Article 9 point "e" of Section V of the Constitution in question and shall carry out the duties referred to in Article 3 of Section V with Gallic Royal Enclave being the supreme authority instead of the referred in the Constitution Confederation of Gallia. The Baronial Guard shall also protect Uxeau-de-Bordeaux from the hostile local flora and fauna and against possible guerrilla attack of local terrorist cells and be considered a part of the Gallic Royal Enclave ground forces.
The Baronial Guard shall be comprised of one regiment 500 soldiers strong and to be located in Uxeau-de-Bordeaux for rendering protection and policing duties to the settlement. The first commander in the rank of Colonel shall be appointed subsequently once the provision and candidature is agreed upon with the representatives of the Gallic Royal Enclave while the first 500 troopers are recruited from the ranks of MAE corporate security and loyalists from Quillan. The Baronial Guard shall also be provided with limited number of space faring-capable snubcraft primarily but not exclusively to escort and protect MAE civilian vessels.
May the brave men and women serving in the Barony be strong, rigorous, and loyal in their service for the benefit of us all! Glory and honour to them!
Date: 19.02.743
Signed:
"Ready to Fight!": Video of the Baronial Guard institution ceremony in Uxeau-de-Bordeaux
Interested in the service for Baron Montluc? Contact the recruiting centre in Uxeau-de-Bordeaux! Begin your professional military career for the future of Gallia!
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** BROADCAST REGIONALLY LIMITED TO PLANET BORDEAUX, AQUITAINE SYSTEM **
STORY: Infrastructure Development of Bordeaux
Bonjour, Mesdames et Messieurs
My name is Francois Vermillion and you are watching Uxeau News Network. All the latest news from Gallia and beyond!
As all Gauls know, it was the backstab of the republicans that attacked the Royal Forces in Ile-de-France that ended the war, not the fleets of Bretonia or Liberty. Roguish republicans were assisted by the nobility of Burgundy, that instead of fulfilling its sacred duty to the King as loyal vassals decided to stay aside and usurp the power locally. They together were the reason why those still loyal to the King had to leave Gallic core worlds and settle in the Hebrides under the vigilant protection of the remaining Royal Fleet. Staying back in Gallia under the incompetent and lenient regime of the Confederation was not an option, so expelled from our homes we had to scramble what was left in the Hebrides during the war and settle on Bordeaux, the natural wonder and flourishing world ideal for colonisation, yet lacking infrastructure. We all expected it to be harsh, and that it would take time for the life to come to normal rhythm, and we all have to contribute to the fulfilment of our beautiful dream - turning Bordeaux into a real jewel in the Royal Crown and be the starting point for all of us to return Gallia under the rightful and wise stewardship of His Majesty King Charles.
Montluc Advanced Engineering Inc. under the leadership of Baron Montluc is doing its obligation to assist the rightful cause of the Enclave and is working hard to establish the local infrastructure for the benefit of the Enclave forces, local economy, and civilian population. Forced out of the system of Languedoc by the Confederal forces standing against the legitimate will of the people, MAE first handedly witnessed why the Confederation is not an option for any loyal or merely seeking prosperous and stable life Gaul and why the Enclave should be assisted. Now, the corporate assets are employed to the maximum to bring prosperity and stability to Bordeaux.
Settling in the lush jungles of yet untamed Bordeaux, the first efforts of MAE were directed at establishing the dwelling place for the populace of declared in name Barony of Languedoc. The city called Uxeau-de-Bordeaux in the continuation of the tradition was founded in one of the welcoming oceanic shores of Cauderan 35 kilometers south from the main seat of power of the Enclave. Started as a small colonial settlement, under the provision and expertise of Baron Montluc and MAE engineering team the site was quickly transformed into a well-fortified area with simple yet reliable buildings capable of withstanding local humid climate and possible terrorist attacks of econolocial Gaian dissidents. For the security, the city was surrounded by a tall wall of composite materials with an electric fence and infrasound alert against the most curious local fauna (and flora). The city currently harbours over 5.000 people, most of whom are MAE employees and refugees from Quillan.
Uxeau-de-Bordeaux and the beach of Mer Tranquille
However, the city itself could not exist without providing employment and engagement to its population. With consideration of the profile of the company and skills of the employees and refugees from Quillan, a few mines were opened near Uxeau. Equipment for space mining was adapted to the local conditions and allowed a steady income of raw materials, ranging from oil for polymers to various metals. Miquelon factory & refinery was established soon thereafter to turn the collected raw supplies into high quality MAE production of both military and civilian profile, safeguarding high-paying jobs for the inhabitants of Uxeau-de-Bordeaux and income of quality wares for the population of the Enclave.
Miquelon refinery (close) and factory (in the background)
The influx of currency that was dormant in the pockets of the nobility which had fled into the Hebrides after the war infused life into Bordeaux, including recently founded Uxeau. Available capital prompted people to start businesses in the field of service catering for the miners and workers at Miquelon, reinvesting the capital earned and slowly turning Uxeau from a fortified outpost with towering observation posts and gloomy empty defence walls amidst hostile jungles into a cozy little town with small boutiques and restaurants amidst verdant nature and with a wonderful overview of the picturesque shore.
Now Uxeau is a local business hub that can boast about booming economy. The experience of MAE with derivatives allowed with the help of the immigrant nobility to quickly establish a local stock exchange where the now defunct in the Gallic core worlds securities, such as futures and bonds, and Kingdom state’s obligations could be traded. The opening of Uxeau-de-Bordeaux Stock Exchange (UXBE) stock exchange resulted in exorbitant growth of financial quotations by 372% in the first week of trades, effectively turning the Kingdom’s ex-market of derivatives into native to Bordeaux stock market. Capital available from the deals will surely benefit the economy of the Enclave, and contribute to rapid industrialisation of the region. Effective stock exchange also raised the hopes of the local nobility and bourgeoisie who wanted to start their own businesses but could not attract the investors, paving way for rapid economic development of Bordeaux in all fields, given the amount of wealth brought from Gallia.
MAJOR UXBE INDECES
The attention of civilian population, however, was diverted by another recent token of normal life settling in the Hebrides. The local education system had to be scrambled from what was left after the exodus from Gallia. Of 330 million civilians coming in the Hebrides there were many teachers and professional tutors to establish schools planetside to take care of the upbringing of the loyal young subjects of the King and ensure the best quality of their education. This was especially needed for the children of the nobility who required best of the best for their scions. Baron Montluc also took care of the schools, taking the holo-school equipment from Quillan and inviting teachers for handsome salary to migrate to Bordeaux, allowing schools in Uxeau-de-Bordeaux to open from the very first planetfall day. However, it is today that marks the new dawn of the education in the Hebrides as the first University was opened. Located in the heart of Uxeau and at the beach of Mer Tranquille, the newly opened University shines as a beacon of knowledge in the Hebrides with the vast finances put into its development, compared to the Universities of New Paris. The intelligentsia that fled with the nobility into the Hebrides rejoices and it could return to its studies and teaching under generous remuneration, and would provide the best standards of education that Gallia has always been famous for, eclipsing the underfunded institutions of the Confederation and those Sirian counterparts lagging behind. With the blessing of Crown Prince Joseph de France himself, the new University was christened after His Royal Highness “Uxeau Royal University of Prince Joseph” or URU for shortened.
URU Coat of Arms
Uxeau Royal University will truly be “universal” living up to its title, and teach various specialties ranging from marine wildlife to space engineering. Baron Montluc himself volunteered to give a course of lectures on civil engineering and fortifications, and hold a few events regarding business management for the new students. While universities under the Kingdom usually provide services for tuition, the conditions most of the inhabitants of Bordeaux found themselves were a powerful motivator for Baron Montluc and MAE to provide generous scholarship for general populace to increase the number of students and potential specialists in the future.
URU Campus
The academic year will commence in a week after the first students are accepted in a rapid manner. We asked the professorship and students of the comments on the developments.
Edmond Dufraine, Ph.D. Professor of Economics at URU
I came from Quillan with the Baron after the fateful events regarding the proclamation of the Barony. There was nothing to lose for me - the Confederation is rotting and continuing the wartime policies no longer needed. Their crack on civilian freedoms and regional autonomy was the last straw. So I tried to look for a better place to offer my expertise at. Now I am extremely pleased that I chose to go into the Hebrides, I can return to teaching while getting a good salary, and opportunity to build up a prestigious University from the scratch. Obviously, I and the rest of the staff will do our best, all 146% of output to prove our worth to ourselves, the Enclave, and formest - the students and the subsidisors of this endeavour.
Élodie Gagneaux. Student of xenobilogy at URU
The University is a good idea, I think. I had to leave Orlean with my parents and leave my studies in xeno-biology. To be honest, I did not expect to find any continuation of my studies here so I was mostly helping my parents to settle as most of the families on Bordeaux do. Now I got the scholarship and, moreover, can continue studying under my original specialty! It is even more exhilarating that on Bordeaux the flora and fauna are so unique, mostly endemic, that my degree will be top-notch and be able to secure a good job in the future.
Gaspard Tailler. Student of engineering at URU
This would be first University for me, unlike some other students who will continue their forcefully interrupted studies. Can’t say what to expect of it, but surely it is a good sign for the inhabitants of Bordeaux, that there is some prospects for civilian population here aside from supporting huge Royal Army. I applied for engineering so I hope to find the application to my skills after the graduation, plus MAE right now looks like a good employment opportunity. The Uni will certainly offer some networking opportunities as well, and the Baron is one of the professors as far as I heard. So yeah, I guess, it is positive for us all.
Coralie Lamar. Student of public administration at URU
Enclave is the true successor of the Kingdom and as such should be able to boast about its superior education standards. Now that we have our own university - we can really use it to attract more people in doubts from the Confederation to come and assist the Royal Forces in retaking our homeworlds. It is not even about the education we can get, but the overall status of the colonies in the Hebrides.
The Royal University of Uxeau will be linked to the Enclave’s capital by the now building maglev line and will also be able to house over 2,000 students in the dormitories that are already completed with the construction capabilities ready to house more 4,000 in the first two weeks. The educational institution is thus expected to double the population of Uxeau-de-Bordeaux in the upcoming months and furtherly bolster local economy.
Maglev track to Uxeau-de-Bordeaux from the capital
According to Baron Montluc, these first steps in the normalisation of civilian life are but first steps in the upcoming initiatives.
Baron Fabian Montluc
The progress of Bordeaux is not a question of if but when. We are investing our resources knowing that they would bring even more value in the future. I have full certainty that the steps taken will be the first in the long yet successful path of the development of the Gallic Hebrides. We, as the loyal subjects of the King, His name thrice blessed, shall all contribute to the efforts on making it happen. I hope that the new University instituted with my humble assistance and blessed by Crown Prince Joseph de France will be a sign to the honest people of Bordeaux that everything is coming to norm, and remind of the importance of education for the triumph of our cause.
The Uxeau Royal University of Prince Joseph will be receiving applications for prospective students and staff throughout the next month with the opportunity to enroll or start work immediately. Seize this chance if you dreamt about working in academia or getting a degree. For additional information please see the contacts on our webpage.
Do you have a story to share? Must your opinion be heard throughout the Hebrides? Share it now using UNN social app! Download it through our webpage and receive updates on the recent news and financial developments from the most reliable information source in Gallia. Follow us now and share your thoughts in the comments to this or other materials. This was Francois Vermillion for UNN from Uxeau-de-Bordeaux. Au revoir!
Uxeau News NetworkBUSINESS NEWS:MAE under the scope - interview with Baron Fabian Montluc
Bonjour, Mesdames et Messieurs. This is business news from UNN.
The exodus of MAE and Baron Montluc’s loyalists from the Gallic Confederacy space left many unanswered questions regarding corporation’s vision on the current events and further plans. While reluctancy regarding selling stocks to stakeholders outside of Languedoc turned out to be a visionary decision given the subsequent abandonment of assets within the Confederacy of Gallia. However, without the assets the capabilities of an engineering company look unpromising to many. Is the situation indeed depressing or was it planned all along? Let us find out. Today in our studio is Baron Fabian Montluc in person. Bonjour, Monsieur Baron. Forgive me for beginning our conversation with a question: What is MAE current status overall?
Bonjour Francois. I am totally fine with the questions, that is what I am here for after all - to shed light on our enterprise. The status of MAE might indeed appear as a mystery to most of the business that followed our developments during our stay in Gallia. In brief, MAE is operation and doing pretty fine with certain caveats however.
As of now, our HQ is located on Freeport 6 in Tau 23. An unaffiliated station in a contested no-man’s-land system with proximity to Gallia and Kusari. Certainly, such a movement limited our production capabilities but we rented a few docks on Freeport 6 to have the capability to produce our goods.
Because of this the production of big ships is cumbersome as those are to be assembled from previously produced parts. Therefore, we mostly switched to producing various smaller equipment, like robo-cultivators, personal weapons, exoskeletons, fabrication machinery and what not. This limited our total output to the lack of production facilities, yet the current output is enough to keep the corporation afloat. Such a situation also prompted the board of directors to look for additional sources of profit and I must tell you we found them and invest our resources at the moment into the realisation of those.
That is an interesting development. Firstly, allow me to congratulate you on saving the company despite the precarious situation it has faced. The management proved to be stress-resilient, I suppose. Back to your points. If that is not a secret, what is the found additional source of income for MAE and could you share the further plans for the company?
That is not a secret, of course. As of now we are firstly looking for opportunities to expand our production capabilities. Perhaps, building a small assembly dock near Freeport 6. The territory is not strictly regulated and not taxed, so that can increase the profit margin. Secondly, if we want to make use of increased production output, we need to find customers for those goods produced. Thirdly, we need to amortise our services by produces goods that are either unique and have no analogues or by making them of superior quality. And lastly, we need to diversify our source of income and to vertically integrate our enterprise.
The first point will allow us to increase our output, perhaps to somewhat close to pre-exodus levels. A small assembly dock at Freeport 6 can not satiate our hunger for production.
As for the new customers - we are right now working on that direction and basically open to most parties interested in obtaining our production. Our scouts relentlessly traverse across all the Sector in search of lucrative markets and potential clients. These very scouts contribute to point four as well, namely, they look for raw materials and other commodities that our logistics vessel can use to make profit of simple commodity trade and delivery.
Regarding maximisation of the value of our goods - well, we are right now working on an interesting project that potentially will be interesting to customers all around Gallia and Sirius. For commercial reasons, I cannot yet tell openly what it is about but certainly we expect interest from commercial and state sector in our upcoming innovation.
I also mentioned vertical integration and this is not just for a “tick” on a corporate bullet-in. We are getting into the field of banking and finances and will be operating an independent stock exchange, “ISE”, on Freeport 6 open to all parties interested and serving as a neutral trading hub for everyone regardless of affiliation. We are not yet sure if there will be an interest, but this opens doors to trading derivatives and commodities for parties that might raise eyebrows within a House-controlled space. Our policy regarding their background and source of income will be “Don’t ask, don’t tell”, so their finances will be safe with us. At the same time we are opening our bank, “Montluc Banking & Finances Ltd.”, also open to all parties and following the same policy. Again, we are not yet sure of the interest in this services from outside, but we will be open for business.
Independent Stock Exhange (ISE) established on Freeport 6 by MAE
Oh, I almost forgot. Prior to leaving the Gallic Confederation, we hired quite a lot of exceptionally talented researchers. Some of them were looking for grants, the other - freedom from persecution for collaborating with the Royalist during the time of the Kingdom. At any rate, we now host a sizeable contingent of qualified scientists who have enough funds and equipment to conduct various researches. The outcome of those can be commercialised and we are offering scientific data to those ready to pay for them. Another source of income that is.
"Montluc Banking & Finances" - newly established MAE-controlled bank
Pretty impressive that is. I must admit, the corporation for sure has big plans. But what about the capital? Do you have enough funds to support your current activities and expansion in the new fields?
Certainly. Although it might look counter-intuitive to potential investors, we still have quite a lot of funds after the exodus from Languedoc where we scrapped all our projects, so our losses were minimal. Kerguelen was one of the assets lost, as well as some buildings in Uxeau-de-Quillan that we did not have time to re-use for materials. But overall we returned most of our investments. In addition, we still have some backers who were favourable to the institution of the Barony of Languedoc, mostly the exiled or demoted Gallic nobility, as well as our starting capital that has not been fully put to the use. Our investors can be safe knowing that we are making money, not wasting. The growth indeed slowed down due to curtailing the scale of production, but overall we are still making profits.
Baron, you have for many times mentioned today the exodus from Gallia. Looking back at it now, how do you think, was it a right decision? What do you think about the Confederacy now?
You are a master of changing topics, Francois *chuckles*. But I will indulge you in my view on politics and business in this case. Looking back at it, certainly it still grieves me that we had to leave our assets in Languedoc and let some of our supporters down. On the other hand, the confederal government left us not much choice with their ill-based ultimatum. It was not supported by the law, but it was obvious that the people behind the ultimatum do not really care about the rule of law and would stop at nothing in executing their demands. We faced three options: fight, give in to their demands, or leave. Fighting would certainly be our demise, as we are but a small corporation and a local political force that would face the fleet of the Confederacy that despite being inferior to the Royal Armada was still enough to wipe us out. In addition, it would have meant bloodshed of the people we had sworn to protect when promoting the idea of the Barony. Regardless of how you look at it, it was a bad option. Giving in would basically mean the end of MAE. While we could have easily paid the demanded 1 billion credits, it was the nationalisation that was the final nail with the Confederacy. The illegitimate demands to seize the property of a private enterprise deems them an authoritarian if not totalitarian reactionary regime that did not deserve our support even if we decided to remain in Gallia. I would be appalled by the idea of paying taxes to those people. So we did what we could - we proudly raised our heads and said “no” to their roguery, and left Gallia. With us, the Confederacy lost our innovations, our contribution to Languedoc and the development of the local economy and infrastructure, and loyalty of their own people who finally saw the Confederacy’s true face of a reactionary regime. Am I happy with the decision we took? If ignoring nostalgia for Quillan, yes, I am.
As for the situation in the Confederacy right now - there are some positive developments for sure, yet the negative ones still prevail in my opinion. The weakened trio of the Gallic economy, IDF, GMS and EFL should have been nourished and protected by the state due to the loss of royal capital, instead they are not given any state support while the doors are open to foreign businesses. This is epistomised in the selling of the pride of Gallia, the Versaille, to some foreign businessmen. certainly, the companies will continue to develop yet without state support their are especially prone to competition at the moment. I think they can handle it as they have the major share of the Gallic market, but they can lose a part of this share for sure.
As for the politics - it is a joke. The Confederacy cannot even decide what it is and how to govern itself. Let us look at the political theory to check what a confederacy is and when it is an appropriate political system. Usually confederacy is formed from a smaller equally developed actors on the international arena to defend common interests. This is usually done when the actors are of relative equal military or economic power, otherwise it makes no sense as the confederacy will be an instrument of vassalisation and subsequent subjugation of smaller states by the bigger ones. Because of its nature, confederacy is usually a voluntary union between equal partners that reserve vast freedoms in their internal, and sometimes even external policy. What can we see right now in Gallia? Le Republique is a obvious hegemon housing the largest population in the Confederacy excluding non-affiliated New Paris, the most powerful industrial base, and military potential. If you look at the Minarchy to juxtapose, you will see but a few millions of population with limited industrial output and almost no fleet. Oh yes, and it is run by criminal cartels selling drugs to own population while holding monopoly over it. The Duchy is more powerful than that yet is still behind the republic and has marginal position being a “quasi-royalist” state that has no legitimacy over the aristocracy. Three “equal” players. I do not even know why Le Republique bothers to work with those in the first place. Probably, not to lose New Paris which is crucial for controlling Gallia and tro recuperate from war.
As of now the Confederacy is an authoritarian very centralised state that is lenient in its legislative and administrative work (and judicial too, which we experienced ourselves following their ill-based demands), and relies on old Royal laws that are not suitable any longer for a new situation in Gallia. The economy slowly opens up to international players, but they are pressing their own domestic economy for some reason, limiting local mining and trading rights. The Gendarmerie is still under-funded and corrupt as the result, the liberties and self-representation of the regions are almost non-existent, and cohesiveness of the very Confederacy is low as the parties- constituent to it are pursuing quite different goals. What they do is no longer my business though, I have no intentions to return to the Confederacy-controlled space although I miss my familial home and the developments in my beloved Gallia sadden me deeply.
That is an extensive comment, Monsieur Montluc. Since we already discussed your business plans and touched upon the topic of politics, what are your views on your further participation in the political life of Gallia? Will you return to Gallia should the situation change?
Given current developments and dynamics, that is unlikely to happen. I will return only knowing that my my followers, my family, and me are safe from persecution, and only if the people do want us to return. Otherwise, our technicians are right now working on making a pioneer ship for exploratory mission with the intention to find a habitable planet and found a colony. There, free from the strife back home, we would be able to repeat the steps taken by our ancestors more than seven centuries ago and start anew. Perhaps there, we finally will create administration that is to our liking and continue the noble traditions of the Kingdom of Gallia. MAE is extremely helpful in this endeavour as we know from the history that colonisation missions run by private entities like corporations are usually more successful due to efficient and more motivated management and proper allocation of resources. MAE being a high-tech company with a focus in shipbuilding certainly would succeed in this field as we can build ships suited specifically for such a mission. But we will not fly blindly, and currently our scientists are monitoring star systems in proximity for a suitable for establishing a colony planet. Should we succeed, we will invite our followers from Gallia and those others not feeling secure and at home within the Confederacy to join us in our new settlement. It will require quite a lot of investments, but in case of success this “venture” can yield insane returns on investments, so I look positively at it. So yeah, I do have political plans and ambitions, but those are more of a demiurgeous nature rather than of a typical politician fighting with others for control. Besides, after the events in Languedoc I do not believe that a fair and just political race is possible within the Confederacy.
A new world for the Gaul? A project of tremendous gravity, and investments. I wish you and your company luck in this endeavour. Perhaps, some of our viewers will be motivated to join you after watching this interview. Any final comments for the audience before we wrap up?
Merci beaucoup for your kind wishes, Francois. Yes, indeed, I totally forgot to address the audience regarding the previously mentioned projects of ours. If you have any questions regarding ISE or Montluc Banking & Finances, or interested in listing your company’s or other companies’ stocks and commodities, feel free to reach via the Neural Net or visit us on Freeport 6. We are open to all sorts of cooperation. Same applies if you are seeking to work with MAE or looking for our production. Stay safe and take care. Au revoir!
Thank you for visiting our studio today, Monsieur Montluc. This was Francois Vermillion for UNN from Freeport 6, Tau 29 system. If you have questions or comments regarding the interview, feel free to leave a comment or a question below. Stay active and in touch with us to get the bonus points you can exchange for exclusive digital content from UNN. The most active commentators will be invited to UNN studio. Stay safe and follow the latest news on UNN. Au revoir!
And now we resume the broadcast of the documentary “Endemics of Bordeaux: the faith of taketeas under the new regime”.
Uxeau News NetworkBUSINESS NEWS:MAE concludes contract with DHC
Bonjour, Mesdames et Messieurs! This is Francois Vermillion and you are watching business news on Uxeau News Network. Stay tuned for fresh for fresh information on Gallia and beyond!
The turmoil in Rheinland might deter companies from doing business within the House: threat to assets and personnel, ideological allegiances, and fea for the future. The revolutionary situation, however, provides opportunities for those daring to do venture business.
UNN was told through reliable sources that MAE managed to secure a lucrative deal with Rheinland’s ship-building titan, Daumann Heavy Construction (DHC), which became the exclusive distributor of MAE’s ships in Rheinland, de facto making it the only Rheinland company with the right to sell Gallic ships. It appears that DHC also became engaged in recently opened Independent Stock Exchange which from now on will be dealing with DHC stocks as well.
DHC leadership, General Director Albert Kelsen generously agreed to provide his comment to UNN on MAE-DHC deal. Greetings, Monsieur Kelsen. Thank you for agreeing answering our questions. So, what did prompt DHC to work with MAE?
Guten Tag, Francois. While MAE may be a relatively new corporation, Daumann has heard very positive things about the company in the relatively short span it is present in the Sirius sector. We have the utmost respect for young enterprises since after all Alexander Daumann started one himself back in the 1st century A.S. Now Daumann has several centuries of experience and it is an industrial behemoth with Sirius wide clientele. There is nothing stopping MAE from having the same future. In business terms cooperation with MAE gives us the ability to access the Gallic market, an opportunity which we have not had until now. Both access to technology and access to export and import markets is very important to us. Daumann has a very diversified portfolio and we are always looking to further expand it.
What are your expectations of the deal?
I believe the current deal presents a perfect opportunity for both companies to strengthen and perfect our ties in the future. We believe Gallic ships will be highly sought after in Rheinland and on the other hand the markets MAE supplies can take make use of Rheinland's proven shipbuilding capabilities. Do you think this deal matters to the newly reformed Rheinland Empire and what about protectionism? I think this deal will be beneficial to the Empire. The Empire is looking to establish peaceful relations with as many entities as possible and the Imperial platform is based among other things on peace. The people of Rheinland who rose and cast down the old regime were tired of the endless wars our former masters waged. I think the notion of Rheinland's protectionism is a misconception. The Empire strives to protect it's people and itself from the corrupting influence of certain foreign companies exploiting our land, workers and politics. Corporations whose sole intent is to trade, cooperate and otherwise interact to mutual benefit of Rheinland and themselves have absolutely nothing to fear.
What are DHC plans for the future?
With regards to MAE, we are looking at the possibilities of establishing a permanent trade routes and we are also exploring the possibility of trading Daumann stock at the Freeport 6 stock exchange. I think I can also divulge that the government is in talks about some large scale civilian industrial projects where our two companies would cooperate. However, that is all I can say for now to that. In general, we hope that the civilian strife in Rheinland will end soon and in the meanwhile Daumann will do everything possible to mitigate its effects on the people of Rheinland. We are prospecting several industrial projects which should both give our citizens work opportunities and repair and modernize our infrastructure. We have also started a recovery fund for citizens from planet Nuremberg who had to emigrate from the planet and lost their entire livelihoods. The social aspect of Daumann's work and position is very important to us. We realize that Daumann became the company it is today due to the exceptional feats of our fellow citizens. It is they who built this company over the centuries and it is Daumann's duty to repay them back for their efforts.
Merci beaucoup, Monsieur Kelsen. We also managed to receive a brief comment of MAE CEO, Fabian Montluc, on the deal as well. Bonjour, baron. It is always pleasure to see you in our studio. Would you mind telling us how did the deal with DHC come about?
Bonjour, Francoius. The pleasure is all mine. Well, our interest in Rheinland resulted in sending scouts into the House to investigate the local market. We doubled our efforts after the political situation in Rheinland started to deteriorate. Despite this, some of our logistics vessel used the information obtained from the scouts and continued venturing into Rheinland using the secure paths reported by the scouts. On one such trip our vessel encountered a DHC vessel and exchange of pleasantries among the counterparts eventually led to us contacting the DHC leadership with inquiry regarding the possibility of cooperation. That is basically the whole story. Politeness conquers.
Interesting. MAE at the moment is a rather small company. How do you expect to satisfy the need for products in Rheinland?
It is true that MAE is not the biggest corporation and we lost some expansion opportunities after leaving Languedoc. However, you should take into consideration the nature of cooperation between MAE and DHC. After all, DHC is a ship-manufacturing giant per se, so they have enough products to sell. Gallic ships so far remain a niche fad for some extravagant people. We do hope to change it over time with delivering MAE products of best quality to convince the customers in Rheinland of normalcy of Gallic production. So fat, this niche demand we have been fully capable of fulfilling. We also got the rights to distribute DHC ships and products and we expect to build some capital and expand our market share with the use of this contract. Rheinland ships are more familiar to some customers in Taus so this is definitely a plus for our business.
What are your plans on further cooperation with DHC? Any perspectives of MAE concluding similar deals with companies in other Houses?
We would like to expand the cooperation with DHC in civil sector, perhaps construction works of stellar infrastructure. As Monsieur Kelsen mentioned, we would also like to establish a stable trade route from Taus into Rheinland. I believe that the cooperation will naturally evolve and new opportunities will pop up by themselves with time as we gain more trust for each other. As for the other Houses - so far we had little plans on expansion. Bretonia has inherent suspicion regarding everything Gallic, and I understand them. Liberty does not trust us much either and it will take time for post-war grievances to settle. Kusari is a locked market with keiretsu vehemently protecting their market share and there is little opportunity for a foreign company, especially of a smaller scale, to pierce into Kusarian saturated market. Gallia - well, you must know yourself we are not working with the Confederals in foreseeable future due to our common history and ideological differences. Even working with non-affiliated with the government Gallic corporation is a trouble as I do not want MAE to contribute even one Franc of taxes to the inapt Confederal regime. On the other hand, we are open to cooperation with any Gallic or other Houses’ corporation in Taus, further from the jurisdiction of the governmental entities. This especially applies to financial market and ISE that is steadily developing to my pleasure.
Merci beaucoup, Monsieur Montluc. We all hope for the best for MAE and its business partners.
Now, we will provide a brief overview of Independent Stock Exchange with DHC stocks added.
ISE has shown a steady growth with average gain of 0.16% daily since its creation with maximum daily growth of 5.84% and drop of 3.90%. over its existence, ISE managed to attract smaller enterprises from Taus and elsewhere to trade in their stocks. Notable stocks were of EFL & Oil Machinery (re-selling market), IDF Shipping (re-selling market), GMS (re-selling market), MAE (first-hand market), and now DHC (first-hand market). The addition of the later allowed to create the composite index MOTAX-50 that from now on will be monitored by UNN.
This was Francois Vermillion for UNN from Freeport 6, Tau 29 system. If you have questions or comments regarding the interview, feel free to leave a comment or a question below. Stay active and in touch with us to get the bonus points you can exchange for exclusive digital content from UNN. The most active commentators will be invited to UNN studio. Stay safe and follow the latest news on UNN. Au revoir!
And now we resume the broadcast of “Gallic Avengers: The Fingame”