Can get from arms / day

At the beginning of March, the European Commission introduced Real Europe A plan for defense funding of € 800 billion. The plan allows countries that spend more on defense, additional flexibility within the European Union (EU) fiscal rules. A new financial instrument is also being set up to channel EU loans to countries of EUR 150 billion. It should be noted, however, that most additional European defense capabilities (up to € 650 billion in four years, if all EU countries increase their defense spending by 1.5% of GDP) and secured at national level. This in turn creates the risks associated with different national financial abilities, analyzes Brucegel Domery.

Given that Europe as a whole, funding for military purposes is increased, Luminor Bank economist Peter Strautins estimates that Latvian military industry producers can obtain from these European investments in the military industry as a whole. In order to grow volumes, the question is whether companies have the opportunity to attract more employees, whether there are opportunities to expand production facilities or whether there is a favorable public policy. For example, there was a moment when military manufacturers who supplied their products to democratic countries for self -defense were counted as those who should not be led. Now it has changed or changed. At the same time, the products of the military industry are expensive, so these companies can pay well, thus attracting employees from other companies and industries.

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