€7.3 Billion on the Table: Is Bulgarian Business Ready for Europe’s Defense Boom?
Europe is undergoing a fundamental shift in how it approaches defense, moving beyond increased spending toward the creation of an entirely new industrial ecosystem
HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Andrius Kubilius, the candidate for European Commissioner for Defense and Space, emphasized the need for Europe to prepare for the most extreme military threats, including potential Russian aggression against EU member states. Speaking before several committees, including those on foreign affairs, industry, research, energy, transport, and human rights, Kubilius stressed the urgency of strengthening European defense mechanisms.
Kubilius highlighted the unpredictable nature of the US administration's upcoming strategy, noting that it will likely focus more on the strategic challenges posed by China. This shift, he argued, makes it essential for Europe to bolster its own defense capabilities. He pointed out that by 2025, Russia’s military spending could surpass the combined defense budgets of all EU member states, underscoring the need for a more robust defense union.
The candidate suggested that European defense should be prioritized within the EU budget and proposed that the European Investment Bank (EIB) take on a more significant role in funding defense initiatives. Kubilius also warned of threats to Europe’s peaceful existence beyond its borders, particularly in space. He pledged to collaborate with other member states to establish a European shield to protect against emerging security challenges.
The European Union has agreed on a major overhaul of its steel import regime, effectively doubling tariffs in an effort to protect domestic producers from what officials describe as a growing wave of low-cost foreign, particularly Chinese, exports
The introduction of the euro in Bulgaria has so far produced only a limited and largely one-off effect on consumer prices, according to an analysis by the European Central Bank
Viktor Orban’s long hold on power has come to an abrupt end after a decisive electoral victory by Péter Magyar, whose Tisza party is projected to secure a commanding parliamentary majority
NEW POLL: HUNGARIANS UNITED ON NEED FOR A ‘DIFFERENT’ RELATIONSHIP WITH THE EU, BUT DIVERGENCES REMAIN ON UKRAINE
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began