EU countries reach deal on new defence funding programme

EU Proposes Using Unspent Covid Funds for Defense

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.The EU is rushing to get its European Defence Industry Programme, or EDIP, over the line before leaders meet in Brussels at the end of June. The instrument will serve as a vehicle for the bloc’s future defense funding. While seemingly small with just €1.5 billion from the EU budget for 2025-2027, it may grow rapidly. The commission…

EU countries reach deal on new defence funding programme

Some complained that its 'buy European' provisions are too restrictive.

EU ambassadors reach preliminary deal on €1.5B defense spending plan

A group of nations isn’t thrilled about excluding third countries, but agreed not to “stand in the way” of a deal.

EU, Somalia & AUSSOM hold a joint military exercise in Mogadishu

The European Union in collaboration with the Somali National Army (SNA), and the African Union Support and Stabilization Mission in Somalia (AUSSOM) have wrapped up a military exercise dubbed Green Shield. The military exercise was held at General Dhagabadan Training Centre in Mogadishu, Somalia’s capital. This was a cooperation among Somalia, the European Union and AUSSOM, and for the first time participated joint security military exercise. Th…

European and Canadian defence companies go on lobbying spree as the federal government boosts spending and moves away from U.S. suppliers

Prime Minister Mark Carney stands with Minister of National Defence David McGuinty, right, and Chief of the Defence Staff, General Jennie Carignan, left, as he makes an announcement at Fort York Armoury in Toronto on June 9. European and Canadian defence companies reported lots of lobbying since the start of May. (The Canadian Press/Chris Young) Canadian companies BlackBerry, CAE, Hatch, Bombardier and Roshel plus European manufacturers Saab, Ai…