The European Investment Bank (EIB) Group and the European Defence Agency (EDA) have reinforced their partnership to enhance financing for security and defence projects across the European Union.
The defence ministers of Estonia, Latvia, Lithuania, and Poland met on Friday in Daugavpils to discuss the possible financing of the Baltic Defence Line from the European Union budget.
PESCO commits its members to developing defence capabilities together, and in doing so helps build a genuine European military […]
Andrius Kubilius has been nominated as the new Defence Commissioner, who will work to boost the EU’s defence investment and industrial capacity, and focus on developing the European Defence Union.
The Russian invasion of Ukraine is nearing its third year, yet how to support the war-torn country remains one of the most discussed issues in security and defence circles.
“Europe is wasting its common resources. We have large collective spending power, but we dilute it across multiple different national and EU instruments,” Draghi's report states.
The Aerospace, Security, and Defence Industries Association of Europe (ASD) has expressed approval of the latest European Union report led by Mario Draghi.
As a further sign of developing defence industrial cooperation between the EU and Ukraine, the EU Defence Innovation Office started its activities early September in Kyiv.
A Eurobond for Europe's Defence and Security: this is the proposal by Stefano Pontecorvo, Chairman of Leonardo, to support the investments needed to consolidate the European industry.
Europe must increase defence spending to at least 2% of GDP and promote a common defence strategy to be globally competitive.
"We must have in mind a systemic overhaul of Europe's defence. This is Europe's strategic responsibility," Ursula von der Leyen said.
Ukraine's share in European Union arms and ammunition exports increased to 34.2% in the second quarter of this year, up from 19.7% in the same period last year, according to data released by Eurostat.
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