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The EC is expected to present the proposal formally as part of its mid-term budget review later this year. The plan must be approved unanimously by all 27 member states and endorsed by the European Parliament. Opposition is expected from net contributor countries and regions facing cuts.
The European Commission (EC) published long-term budget allocation plans on 17 July, showing Poland set to receive the highest national allocation under the 2028-34 Multiannual Financial Framework (MFF), totalling EUR 123.3bn.
Serbia and Bulgaria did not sign the Dubrovnik declaration. Serbian President Aleksandar Vucic has maintained a policy of strategic ambiguity regarding NATO, while Bulgarian President Rumen Radev has voiced concerns about deepening military support for Ukraine.
Key deliverables included the Strategic Technologies for Europe Platform (STEP), East Shield funding eligibility, three rounds of Russia sanctions and progress on Montenegro's EU accession.
EC President Ursula von der Leyen said: "Russia has repeatedly attempted to blackmail us by weaponising its energy supplies. We have taken clear steps to turn off the tap and end the era of Russian fossil fuels in Europe for good."
The signatories, including Poland, Romania, Hungary, Bulgaria, Slovakia, Estonia, Latvia and Lithuania, said the policy’s “visibility and predictability” would be compromised if merged into a broader single investment fund.
Global Peace Index (GPI) founder Steve Killelea spoke to the Central European Times on the day of the release of the GPI's 18th annual report. Despite the steep rise in militarisation in CEE, investment-led ambitions are currently limited by fragmentation, Killelea tells CET.
Under the Hague Investment Plan adopted on 25 June, NATO members committed to raise annual defence-related spending to 5% of GDP by 2035. The 5% comprises 3.5% on conventional military capability and 1.5% on infrastructure, cyber-defence and civil preparedness; including support for Ukraine. cet
The withdrawal will take legal effect on 2 June 2026, making Hungary the first EU member state to exit the Rome Statute, which underpins the ICC’s jurisdiction to prosecute war crimes, crimes against humanity, and genocide.
The InvestAI programme, presented by the European Commission president Ursula von der Leyen in September 2024, earmarked EUR 20bn. The Polish-Baltic consortium is one of the first regionally coordinated bids submitted under the framework.
Hungary has now fallen to the lowest position in the EU for actual individual consumption (AIC), despite its starting position ahead of several regional peers two decades ago.
The main RB corridor will connect Tallinn, Riga, Kaunas and Warsaw via a continuous standard-gauge line, ensuring uninterrupted north-south passenger and freight movement.
In late May, Merz said Nord Stream 2 must stay closed to “weaken Moscow's war machine” and also declared that his government would “do everything” to prevent the pipeline from going online.ce
“If Ukraine falls, Lithuania is next. That’s not speculative. It’s consistent with everything Putin has said and done,” Petraeus said.
China's trade with Central and Eastern Europe (CEE) reached USD 142.3bn in 2024, marking a 6.3% year-on-year increase, surpassing China's overall foreign trade growth rate by 2.5 percentage points, according to China's General Administration of Customs. The total marked a 4.