Financial support is foreseen from EU funds to the Greek defense industry

In the news, which Kathimerini newspaper cited anonymously, it was emphasized that after the war in Ukraine, the need for military equipment increased in Europe.

In the news, which argues that 60 to 80 million euros will be allocated for Greek defense systems from the distribution of European funds to be used within the framework of efforts to strengthen the European defense industry, it was claimed that the first steps of this decision were taken after the EU Commission Industry Member Thierry Breton’s visit to Greece last week.

In the news, it was argued that if such a decision is implemented, it will be an important resource for the Greek defense systems and the ammunition production factories in Lavrio.

Breton announced the bill of “supporting ammunition production”, prepared to reinforce the ammunition stocks declining due to the ammunition sent to Ukraine with the war, at a press conference in Brussels yesterday.

Reminding that with the start of the Russia-Ukraine war, European countries provided a significant amount of ammunition to Ukraine, Breton pointed out the importance of sending artillery shells to Ukraine.

Noting that Europe needs to increase its ammunition production to compensate for its declining stocks, Breton said, “We want to directly support the development of our defense industry with EU financial resources, for Ukraine and our own security.” he said.

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