EU reaches deal to cut red tape for defence procurement and investment

🏥 Sağlık 📰 Cyprus Mail 🕐 3 saat önce
EU reaches deal to cut red tape for defence procurement and investment

The Council of the European Union announced on Wednesday that it has reached a provisional agreement with European Parliament negotiators on new legislation aimed at simplifying defence and security procurement procedures, facilitating defence investments and strengthening Europe’s defence industry. According to the council, the agreement introduces measures to reduce administrative delays in defence procurement, licensing procedures, reporting obligations and cross-border co

The Council of the European Union and the European Parliament have reached a provisional agreement on new legislation designed to streamline defense procurement and investment across the bloc. The measures aim to cut administrative delays, simplify licensing, and enhance cross-border cooperation, fostering a more efficient environment for member states and the defense industry. The deal also includes provisions to simplify the management of the European Defence Fund, reduce administrative burdens for applicants, and bolster support for small and medium-sized enterprises (SMEs) through increased funding rates. Environmental and chemical regulations will be clarified in relation to defense activities, with exemptions for specific substances while maintaining high protection standards. A harmonized framework will accelerate licensing procedures for defense projects, capping them at 102 working days and introducing a silent approval mechanism.

This agreement is significant as it aims to strengthen Europe's defense industry and readiness, contributing to the bloc's strategic autonomy and competitiveness.

#health#environment#euro#finance#investment

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