Greece calls on the EU to establish a €100B fund for its defense. Greek Prime Minister Kyriakos Mitsotakis, while preparing for a new EU defense strategy, has proposed creating a fund of at least €100B for the EU’s overall defense budget. Mitsotakis’ pro... #DefenseIndustryEU #DefenseSpending #EUdefense #Greece #KyriakosMitsotakis #WeaponsProduction
Europe is ready to increase defense spending. Most EU countries that are also NATO members are likely to agree to increase the defense spending target at the Alliance’s June summit, European Council President Antonio Costa said. An informal... #AntonioCosta #DefenseSpending #EUdefense #NATO #RussianAssetsConfiscation #RussianCentralBank #WarinUkraine
Scholz and Rutte advise NATO and the EU to arm themselves. German Chancellor Olaf Scholz, commenting on a new underwater cable damage incident in the Baltic Sea, remarked on the danger posed by the Russian shadow fleet and stressed the need to increase defens... #DefenseSpending #DonaldTrump #EUdefense #MarkRutte #NATO #OlafScholz #WarinUkraine
EU countries plan to increase defense spending; Germany is confident that US aid to Ukraine will not decrease. German Defense Minister Boris Pistorius has called for an increase in defense spending by at least €30B. “After the special fund is exhausted, we will need at least €85B from 2028,” he sai... #BorisPistorius #DefenseSpending #EUdefense #Germany #Lithuania #MilitaryAidforUkraine #Poland #WarinUkraine
Trump’s European Defense Plan: Ukraine and the EU cannot continue the fight against Russia without American weapons. British economist Timothy Ash noted that without US support, Ukraine and Europe can finance the fight against Russia for months, but not for a year or more, given their dependence on American weapon s... #DefenseSpending #DonaldTrump #MilitaryAidforUkraine #TimothyAsh #WarinUkraine
Rutte: EU countries should increase their defense spending or learn the Russian language. NATO Secretary General Mark Rutte called on European Alliance countries to increase their defense budgets. Otherwise, he noted, Europeans will have to “finish Russian language courses or go to N... #DefenseSpending #EUdefense #MarkRutte #RussianAggression #WarinUkraine
NATO will not support Trump’s calls to increase defense spending to 5% of GDP and seeks compromise. Trump recently said that NATO countries should spend 5% of their GDP on defense. No NATO country, including the US, has reached the 5% spending target. NATO officials agree with the need for further i... #DefenseBudgetNATO #DefenseSpending #DonaldTrump #NATO
Ukraine will spend 10 times more on its defense than NATO countries in 2025; the EU is not ready for war with Russia. Next year, Ukraine will spend about 25% of its GDP on defense, which is 900% more than European NATO allies’ average, NATO Secretary General Mark Rutte said during a keynote speech in Brussels. ... #DefenseIndustryEU #DefenseIndustryUkraine #DefenseSpending #MarkRutte #NATO #WarinUkraine #WeaponsProduction
Poland is calling on Germany to immediately increase defense spending, while France is ramping up purchases of long-range weapons. Poland’s Deputy Defense Minister Cezary Tomczyk believes that Central Europe, including Germany, should increase its defense spending to set an example for other countries following Trump’s victory, w... #CezaryTomczyk #DefenseIndustry #DefenseSpending #France #Germany #Poland
The EU defense commissioner wants to increase EU defense spending by 900%. EU defense and space commissioner Andrius Kubilius wants the next seven-year EU budget to include around €100B for defense needs. The current seven-year EU budget, which exceeds €1T, only includes €10... #AndriusKubilius #DefenseSpending #EUbudget #EUdefense #UrsulavonderLeyen
The Armed Forces of Ukraine have already received one million drones, and next year this number will increase significantly. In 2024, a million drones have already been delivered to the front, and 96% of them are Ukrainian-made, the Ministry of Digital Transformation reports. Brave1 defense cluster participants have already... #Brave1 #DefenseIndustryUkraine #DefenseSpending #DefenseTechnology #DroneProduction #UkrainianWeapons
The war in Ukraine and the Trump presidency forces Brussels to funnel billions of euros to defense. Brussels is changing its spending policy to redirect tens of billions of euros to defense and security in response to Russia’s war in Ukraine and Donald Trump’s return to the White House. ... #CohesionFunds #DefenseIndustryEU #DefenseSpending #EUdefense #Germany
The Ministry of Finance explains the importance of the historic tax increase. All the tax revenue in the state budget is directed to the security and defense sector, but even that is not enough. The Ministry of Finance noted that the balance is covered through other sources, in... #BudgetDeficit #DefenseSpending #TaxesUkraine #UkraineBudget2024 #UkraineEconomy
The EU is spending insufficiently on its defense as a whole, but Poland will allocate a record amount to this sector next year. The European Court of Auditors claims that the €1.5B budget planned by the EU for the development of the defense industry, as well as two years of other spending, is insufficient in the face of the ch... #DefenseSpending #EUdefense #NATO #Poland #WarinUkraine
Ukraine may not be able to find an additional ₴500B for defense needs. Even with a proposed radical tax increase, Ukraine may not fully overcome the fiscal gap that must be closed for effective and timely financing of its military needs. Analysts from RRR4U think tanks h... #BudgetDeficit #DefenseSpending #financialaidforUkraine #UkraineBudget2024 #UkraineDefensePurchases
The AmCham condemns the government’s initiatives to increase corporate income taxes. The American Chamber of Commerce in Ukraine (AmCham) called on Ukrainian authorities to strengthen their fight against Ukraine’s shadow economy before increasing the tax burden on honest taxpaye... #AmChamUkraine #DefenseSpending #TaxesUkraine #UkraineBudget2024
The Ministry of Defense explained where the additional almost ₴500B from the state budget will be allocated. In a draft law on increasing state budget expenditures in 2024 approved by the Cabinet of Ministers, which the parliament must approve, financial support for the security and defense sector is expecte... #DefenseIndustryUkraine #DefenseSpending #UkraineBudget2024 #WarinUkraine
The government proposes increasing budget expenditures by more than ₴500B and raising taxes to obtain an additional ₴140B. Ukraine’s government approved changes to the state budget that include a proposed spending increase of ₴500.3B, of which ₴495.3B would be directed to the security sector and defense. The head of... #DefenseSpending #ExciseTaxesOnFuel #RoksolanaPidlasa #TaxesUkraine #UkraineBudget2024
The UK’s new government announces its ongoing support for Ukraine, and Germany approves a 2025 draft budget with less aid for Ukraine. The King of the United Kingdom, Charles III, delivered a speech about the new Labour Party government’s program, which also mentioned Ukraine. Charles III emphasized London’s “unshak... #CharlesIII #DefenseSpending #Germany #GreatBritain #MilitaryAidforUkraine #SupportUkraine
The US will insist that all NATO countries allocate 2% of their GDP to defense and work on increasing interoperability. The US will insist that each NATO member state spend at least 2% of GDP on defense, said House Speaker Mike Johnson. “This week I will meet with the delegations from NATO countries, and I will r... #DefenseSpending #JensStoltenberg #MikeJohnson #NATO #WarinUkraine
The German Ministry of Defense is asking the Ministry of Finance to allocate an additional €4B for the supply of weapons to Ukraine. The head of the German Ministry of Defense, Boris Pistorius, is convinced that an additional €4B should be allocated from the budget to support Ukraine this year. About €7B has been allocated this yea... #BorisPistorius #ChristianLindner #DefenseSpending #Germany #LeopardBattleTanks #MilitaryAidforUkraine #WeaponsforUkraine
Britain plans to increase its defense spending to 2.5% of GDP, and Germany is unhappy with its military spending. The new Prime Minister of the UK, Keir Starmer, has promised to increase the country’s defense spending to 2.5% of its economic output. He noted that this would become possible as soon as “... #BorisPistorius #DefenseSpending #Germany #GreatBritain #KeirStarmer #NATO
