Ukraine seeks $120 billion for 2026 defence as war drags on
Ukraine will need at least $120 billion for its defence in 2026 as the war with Russia drags on into its fourth year, Defence Minister Denys Shmyhal said on Saturday.
Shmyhal said ...
Our View: Fix the basics before chasing defence fantasies
Defence Minister Vassilis Palmas announced on Tuesday that he would be submitting a declaration of interest to the European Commission with regard to the Security Action for Europe (SAFE), the ...
defence budget
Russia eyes defense cuts as FM Lavrov predicts NATO may implode under budget strain
Russian Foreign Minister Sergei Lavrov said on Monday that Moscow planned to cut its defence spending, but that he thought a decision by NATO members to increase their own defence ...
Cyprus defence industry sees rapid growth, generates €40 million annually
Cyprus’ defence industry has expanded significantly in recent years, growing from just a handful of companies to around 30, and now generates approximately €40 million in annual revenue, the House energy, commerce ...
Cyprus to acquire Mistral surface-to-air missiles
Cyprus is one of nine European Union member states which is set to acquire French Mistral surface-to-air missiles as part of the bloc’s first ever financial support package for ...
Our View: Is more military spending just a costly delusion?
The national guard celebrated its 60th birthday on Thursday by holding manoeuvres in Zygi in the presence of President Nikos Christodoulides and the Minister of Defence Vasilis Palmas, both of ...
Cyprus to hike its military spending
Cyprus is committed to increase defence spending to 2 per cent of GDP in the next five years, MPs were told on Friday.
Presenting the defence ministry’s 2024 budget to the ...
Diko ‘satisfied’ with 2 per cent defence spending target
Diko leader Nikolas Papadopoulos on Friday expressed his “satisfaction” with the government’s defence spending target and with the progress being made to reach it.
The government has set a ...