EconomyLens.com
No Result
View All Result
Sunday, October 19, 2025
  • 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 Business

Nordics, Lithuania plan joint purchase of combat vehicles

Thomas Barnes by Thomas Barnes
April 22, 2025
in Business
Reading Time: 3 mins read
A A
0
65
SHARES
816
VIEWS
Share on FacebookShare on Twitter

A Swedish CV90 trains in northern Norway during a NATO exercise in March 2024. ©AFP

Stockholm (AFP) – Sweden, Finland, Norway, and Lithuania plan to beef up military capabilities around the Baltic Sea with a joint order for several hundred CV90 combat vehicles, Swedish Prime Minister Ulf Kristersson said Tuesday. Kristersson made the announcement at a joint press conference in Stockholm with his Lithuanian counterpart Gintautas Paluckas, following talks between the two.

Related

Mango founder’s son under scrutiny as police probe death

Ex-McLaren boss could take the wheel at Porsche

Hermes menswear designer Nichanian to step down after 37 years: company

Spanish police keep Mango founder death probe open

Airbnb and Booking.com accused in France over Israeli settlement listings

“Our focus right now is on a potential coordinated acquisition of the CV90 infantry fighting vehicles with Sweden, Lithuania, Finland, and Norway together,” Kristersson said. “With a possible coordinated procurement, we will strengthen our shared military capabilities in the Baltic Sea region,” he added. The CV90 combat vehicle is made by BAE Systems Hagglunds in Ornskoldsvik, Sweden.

Kristersson gave no exact price for a future order. “We are at least discussing several hundreds of vehicles, and they are quite costly,” he stated. “On the other hand, we are expanding our military defence budgets,” he added.

At the end of March, Sweden announced it would increase defence spending by about 300 billion kronor ($30 billion) over the next decade. It said it aimed to boost its defence spending to 3.5 percent of GDP by 2030, up from the current 2.4 percent.

The Nordic country dropped two centuries of military non-alignment and applied for membership in NATO in the wake of Russia’s invasion of Ukraine, becoming its 32nd member in March 2024. US President Donald Trump has demanded that all NATO countries contribute at least five percent of GDP to their defence budgets.

© 2024 AFP

Tags: baltic seadefensemilitary
Share26Tweet16Share5Pin6Send
Previous Post

BASF exits Xinjiang ventures after Uyghur abuse reports

Next Post

ECB’s Lagarde hopes Trump won’t fire US Fed chief Powell

Thomas Barnes

Thomas Barnes

Related Posts

Business

Spain’s BBVA fails in Sabadell takeover bid

October 16, 2025
Business

Johnson & Johnson faces UK lawsuit over talc cancer claim

October 16, 2025
Business

Nestle says to cut 16,000 jobs worldwide over next two years

October 16, 2025
Business

Don’t let the party stop: Berlin’s fight against ‘club death’

October 16, 2025
Business

United sees demand ‘strengthening’ as profits edge lower

October 15, 2025
Business

US indicts Cambodian tycoon over $15bn crypto scam empire

October 14, 2025
Next Post

ECB's Lagarde hopes Trump won't fire US Fed chief Powell

Gold hits record as Trump fuels Fed fears, Wall Street rebounds

Volkswagen unveils its electric counter-offensive in China

US Treasury chief expects China tariff impasse to de-escalate

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • 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

79

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

China’s economic growth slows amid sputtering domestic demand

October 19, 2025

California’s oil capital hopes for a renaissance under Trump

October 19, 2025

Asian markets bounce back as China-US trade fears ease

October 19, 2025

OpenAI big chip orders dwarf its revenues — for now

October 19, 2025
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.