Cyprus Mail10 Jun 2026

EU reaches deal to cut red tape for defence procurement and investment

The Council of the European Union announced on Wednesday that it has reached a provisional agreement with European Parliament negotiators on new legislation aimed at simplifying defence and security procurement procedures, facilitating defence investments and strengthening Europe’s defence industry.

According to the council, the agreement introduces measures to reduce administrative delays in defence procurement, licensing procedures, reporting obligations and cross-border cooperation...

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