Otokar Reinforces Long-Term Strategy in Romanian ATBTU Program Through Automecanica Acquisition
by Andreea Drăgan, Editor Nine O’Clock
As Europe moves from peacetime complacency to a new era of defence readiness, budgets across the continent have surged. According to recent data from the Stockholm International Peace Research Institute, global military spending reached $2.7 trillion in 2024, a 9% increase year on year. Europe outpaced all other regions, expanding defence outlays by 17%, driven by the war in Ukraine and the urgent need to rebuild its industrial base.
Brussels has responded by launching the SAFE (Security Action for Europe) financial instrument in May 2025, capable of providing up to €150 billion in long-maturity loans to EU member states for urgent defence investments under the ReArm Europe / Readiness 2030 framework, which aims to mobilise more than € 800 billion in total defence spending. In this environment of rapidly expandin...

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