What Happened
New Rules To Accelerate Defence Investment And Simplify Procurement
The EU Parliament has approved new measures to strengthen Europe’s defence readiness, including the acceleration of defence investment and the simplification of security and defence procurement procedures. The package of legislative proposals aims to support up to €800 billion in defence investment over the next four years under the ReArm Europe Plan/Readiness 2030 initiative. The new rules will enter into force on the twentieth day following their publication in the Official Journal of the European Union, as reported by Unknown Source.