The European Commission today proposed the simplification of the terms governing investment in defense and defense supplies today, in the context of Europe’s re -equipment efforts by 2030. Specifically, the Commission proposes to establish a fast licensing status for defense projects. Today the EU licensing process can take several years and the Commission proposes to reduce this time frame to 60 days. It is also proposed to reduce the administrative burden on the European Defense Fund (EDF) for applicants and participants, while increased participation of Ukrainian entities will be facilitated. “With this bundle, we submit ambitious proposals to reduce bureaucracy and facilitate defense investments of 800 billion euros that the Member States must urgently undertake to achieve European defense readiness by 2030,” Commission. Money is not sufficient if ‘traditional bureaucracy, […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
