In their proposal, they suggest transforming the European Commission's Clean Industrial Deal into a Security and Industry Deal, emphasizing the need for security in industrial policies, particularly in armaments and cybersecurity.

They advocate for promoting nuclear energy and reinstating long-term gas supply contracts with reliable partners to enhance energy security.

This initiative aims to engage the European Parliament, the European Commission, and the European Council in discussions about financing European security.

The MEPs are advocating for a new external loan and a restructured long-term EU budget to bolster defense and security initiatives, comprising five members from GERB and one from Democratic Bulgaria.

The MEPs stress that the EU's energy policy must prioritize energy security, independence, and affordability, urging substantial amendments to the existing Green Deal regulations.

Their letter raises concerns about ongoing US-Russia negotiations over Ukraine that exclude European nations, underscoring a pressing security crisis that demands urgent budgetary and policy responses.

Six Bulgarian Members of the European Parliament (MEPs) from the European People's Party (EPP) are calling on the EU to revise its budget to meet the financing needs for common defense.

Radan Kanev criticized the current carbon emissions trading scheme, claiming it inflates prices beyond €100 per tonne, which adversely affects the competitiveness of European industries.

Proposed adjustments include managing the emissions market to maintain CO2 prices below €50 per tonne and postponing national plans to phase out coal-fired power plants.

Kanev also remarked that preparations for defense cannot depend solely on a peacetime budget, highlighting the need for a more robust financial strategy.

Andrey Kovachev of GERB emphasized the necessity to modernize EU budgetary, industrial, and energy policies in light of the security challenges posed by Russian aggression in Ukraine.