Following the approval of the first wave of defence funding, the European Commission has cleared a second group of national defence plans under the Security Action for Europe (SAFE) initiative, marking another major step in making the Union safer. The Commission submitted a proposal to the Council to approve financial assistance for Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia and […]
Commission approves first wave of defence funding for eight Member States under SAFE
The European Commission has endorsed the national defence plans of eight Member States, marking a milestone in Europe’s push to strengthen its security. The Commission submitted a proposal to the Council to approve financial assistance for Belgium, Bulgaria, Denmark, Spain, Croatia, Cyprus, Portugal and Romania. President of the European Commission, Ursula von der Leyen, said: “Last year, the EU has made more progress […]
Council agrees position to incentivise defence-related investments in the EU budget
Member states’ representatives approved yesterday the Council’s position on a proposal aiming to incentivise defence-related investments in the EU budget to implement the so-called ReArm Europe plan, an EU initiative to increase defence spending and strengthen the EU’s military capabilities. With a view to facilitating faster, more flexible and coordinated investments in the European defence technological and industrial base (EDTIB), the […]
Commission plans €150B SAFE funding to boost Defence Readiness
Last September 9, the European Commission adopted the tentative allocation of €150 billion in financial assistance to strengthen defence readiness across the Union. This major step, taken under the Security Action for Europe (SAFE) programme, is designed to boost the EU’s defence capabilities and help Member States address critical gaps, as well as to purchase defence […]