Tag #Andrius Kubilius

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tr.euronews.com

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Jul 25, 01:14

EU to Loan €100 Billion+ for Member States' Defense Projects

The European Commission announced a €100 billion+ loan program (SAFE) for 20 EU member states' defense projects, prioritizing munitions, drones, and infrastructure, with initial payments expected in early 2024, requiring two-thirds of procurement to be from EU/Ukraine/EFTA/EEA countries.

EU to Loan €100 Billion+ for Member States' Defense Projects

The European Commission announced a €100 billion+ loan program (SAFE) for 20 EU member states' defense projects, prioritizing munitions, drones, and infrastructure, with initial payments expected in early 2024, requiring two-thirds of procurement to be from EU/Ukraine/EFTA/EEA countries.

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Peace, Justice, and Strong Institutions

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How does the EU's SAFE program aim to address the challenges of national defense procurement and financing?

This initiative addresses the EU's need to strengthen its collective defense capabilities, particularly amid geopolitical instability. The loans leverage the Commission's higher credit rating to secure cheaper funding than individual states could obtain, potentially saving them up to €150 billion. The "European preference" clause ensures that funding boosts the EU defense industrial base.

hu.euronews.com

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Jan 29, 01:08

EU Urges "Big Bang" Investment in Underfunded Space Program

Andrius Kubilius, EU Commissioner for Defence and Space, urged a "big bang" investment in the EU space program at the 17th European Space Conference in Brussels, citing Europe's 11% share of global public space funding (12 billion EUR) compared to the US's 64% (over 65 billion EUR), along with struc...

EU Urges "Big Bang" Investment in Underfunded Space Program

Andrius Kubilius, EU Commissioner for Defence and Space, urged a "big bang" investment in the EU space program at the 17th European Space Conference in Brussels, citing Europe's 11% share of global public space funding (12 billion EUR) compared to the US's 64% (over 65 billion EUR), along with struc...

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Industry, Innovation, and Infrastructure

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What are the key elements of the EU's plan to revitalize its space program, and what challenges might hinder its success in achieving its ambitious goals?

To regain competitiveness, the EU plans a "big bang" investment approach in its space program, similar to its defense priorities. This requires securing new funding in the next Multiannual Financial Framework (2028-34) and a comprehensive assessment of needs to guide investment decisions. Success hinges on sufficient public and private funding, a unified strategy, and strong industry directives.

euronews.com

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Dec 5, 22:09

EU Proposes Defence Bonds to Fund €700 Billion in Upgrades

EU Defence Commissioner Andrius Kubilius proposed issuing common bonds to fund €700 billion in defence upgrades, suggesting that member states contribute a portion of their defence budgets to reduce borrowing costs.

EU Proposes Defence Bonds to Fund €700 Billion in Upgrades

EU Defence Commissioner Andrius Kubilius proposed issuing common bonds to fund €700 billion in defence upgrades, suggesting that member states contribute a portion of their defence budgets to reduce borrowing costs.

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Reduced Inequality

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What is the proposed solution to the EU's significant defence funding gap?

The EU needs €700 billion for defence upgrades and a common air defence system. Commissioner Kubilius proposes "defence bonds," where member states contribute a portion of their defence budgets to lower borrowing costs. This would require significant upfront investment from each nation.

nos.nl

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Mar 19, 10:16

EU Commission Proposes Centralized Weapons Procurement for European Defense

The European Commission proposes centralizing weapons procurement, a significant shift in European defense policy driven by Russia's threat and potential US disengagement, aiming to improve efficiency and reduce reliance on non-EU suppliers.

EU Commission Proposes Centralized Weapons Procurement for European Defense

The European Commission proposes centralizing weapons procurement, a significant shift in European defense policy driven by Russia's threat and potential US disengagement, aiming to improve efficiency and reduce reliance on non-EU suppliers.

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What are the immediate implications of the European Commission's proposal to centralize weapons procurement for European defense?

The European Commission proposes a new plan for European defense, most notably centralizing weapons procurement, a previously taboo subject due to national defense being a sovereign matter. This plan, driven by threats from Russia and potential reduced US involvement, aims to improve efficiency and reduce dependence on non-EU suppliers.

fr.euronews.com

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Jan 28, 19:13

EU Urges Massive Space Investment Increase to Counter US Dominance

EU Space Commissioner Andrius Kubilius called for a massive increase in EU space investment, citing insufficient public spending (€12B, 11% of global total) compared to the US (€65B+, 64%) and the loss of market share in commercial launchers and geostationary satellites, necessitating reliance on Sp...

EU Urges Massive Space Investment Increase to Counter US Dominance

EU Space Commissioner Andrius Kubilius called for a massive increase in EU space investment, citing insufficient public spending (€12B, 11% of global total) compared to the US (€65B+, 64%) and the loss of market share in commercial launchers and geostationary satellites, necessitating reliance on Sp...

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What are the immediate consequences of insufficient EU investment in the space sector, and how does this impact Europe's global standing?

EU Space Commissioner Andrius Kubilius urged the EU to massively increase its space investment, warning of falling behind other global players like the US. He highlighted insufficient and fragmented public spending, hindering ambitious long-term projects. The EU's share of global public space investment is only 11%, compared to the US's 64%.

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