Europe's Competitiveness Tied to Strategic Technologies Development
The European Competitiveness Fund (ECF) aims to consolidate funding for strategic technologies across multiple sectors. With a proposed budget of EUR 234.3 billion for 2028-2034, the ECF is critical for enhancing Europe's innovation and defense capabilities.
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The European Commission proposes a EUR 234.3 billion budget for the European Competitiveness Fund (ECF) for 2028-2034. This fund targets sectors including defense, digital transition, and health, with EUR 125.2 billion earmarked for defense and resilience efforts.
Foreign Minister Baiba Braze emphasized the need for Latvia to engage in ECF projects during a seminar with various stakeholders. The ECF aims to streamline existing funding programs, reducing fragmentation and enhancing project support from research to market launch. Its success is vital for fostering a competitive environment in Europe and securing technological sovereignty.
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