EconomyLens.com
No Result
View All Result
Friday, July 31, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

France’s Macron calls for ‘sustainable’ defence industry effort

Andrew Murphy by Andrew Murphy
April 11, 2024
in Economy
Reading Time: 4 mins read
A A
3
19
SHARES
243
VIEWS
Share on FacebookShare on Twitter

'Defence industries will play a growing role,' said French President Emmanuel Macron (centre). ©AFP

Bergerac (France) (AFP) – France’s President Emmanuel Macron on Thursday called for a “sustainable” effort to scale up weapons production following the Russian invasion of Ukraine as he laid a foundation stone for a much-needed gunpowder factory.

Related

Greek visa scheme gives Turks easier entry to islands in EU

China factory activity slides as leaders seek spending boost

Oil industry sees war windfall but girds for political blowback

US economic growth slows in second quarter, missing expectations

Eurozone economy grows despite Middle East war

“Long term we are looking at a geopolitical, geostrategic shift in which defence industries will play a growing role,” he said.

He spoke as visited the site of a future gunpowder factory being built in the southwestern town of Bergerac to respond to a shortage of propellant charges needed to supply artillery shells to Ukraine.

“The effort that is being made here is urgent,” he said.

“We must be quick, go hard, mass produce,” he said, adding the effort must also be “sustainable”.

Eurenco, a leading Europen supplier of gunpowder and explosives, is to open the Bergerac factory in 2025 and produce 1,200 tonnes of propellant per year.

The defence group says it has received orders to last until 2030.

The site had been used to produce powder since 1915 during World War I, but had been dismantled in 2007 for lack of enough orders.

Eurenco CEO Thierry Francou said these had started to increase before the start of the Ukraine war but that the invasion had definitely been “a growth accelerator”.

European nations have pumped billions into defence spending and military aid since Russia’s invasion of Ukraine in February 2022.

Macron in June that year called for a boost to defence budgets in Europe, saying France was on a “war economy” footing. Paris last year ordered 20 billion euros ($21 billion) worth of military equipment, a third more than previous years.

© 2024 AFP

Tags: FranceRussiaUkraine
Share8Tweet5Share1Pin2Send
Previous Post

Opportunities and Challenges for Globalization in Business

Next Post

ECB opens door to June rate cut after another pause

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Crisis-hit Cuba opens pharmacies, gas stations to private firms

July 30, 2026
Economy

BMW aims to cut 8,000 jobs by end 2027: company source

July 29, 2026
Economy

US Fed begins meeting with markets expecting steady interest rates

July 28, 2026
Economy

IMF boss hails ‘much sounder’ Argentine economy under Milei

July 27, 2026
Economy

Spanish wildfires intrude on holidaying foreign visitors

July 27, 2026
Economy

Indonesia bank chief quits, adding uncertainty to struggling economy

July 27, 2026
Next Post

ECB opens door to June rate cut after another pause

US stocks try to rebound, Europe mixed despite ECB signal

Equities struggle despite ECB rate signal as data disappoints

US Fed's Barkin says recent inflation data 'not supportive' of case for rate cuts

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

British oil giant BP aims to sell North Sea business

July 31, 2026

Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit

July 31, 2026

Sony hikes profit outlook on strong gaming earnings

July 31, 2026

FIFA vows to go ahead with private investor proposal

July 31, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.