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EU Proposes European Competitiveness Fund for Defence and Innovation

Summary by Devdiscourse
The European Commission plans to propose a new European Competitiveness Fund focusing on resilience, defence, and space, as part of the EU's 2028-2034 budget proposal. This comes amid discussions on boosting defence spending and addressing underinvestment in strategic sectors and innovation within the bloc.

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Lean Left

The plan for increased military spending also concerns the European Union. One of the ways to respond to the threat posed by Russia is through a new satellite system.

·Vienna, Austria
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Lean Right

Defence Commissioner Andrius Kubilius stated that the new system should provide data from 2027 onwards.

·Vienna, Austria
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Center

The European Commission will propose the allocation of a new part of the European Resilience, Defence and Space Competitiveness Fund, which announced the EU's executive leadership on Wednesday, Reuters wrote.

·Romania
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Bias Distribution

  • 40% of the sources are Center, 40% of the sources lean Right
40% Right
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The Straits Times broke the news in Singapore on Wednesday, June 25, 2025.
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