As NATO significantly increases spending, the price of European military equipment could rise by 50%

```htmlGolden Ten Data reported on May 17 that Estonian Defense Minister Hanno Pevkur stated that as NATO allies have significantly increased military spending, European countries are facing rising prices for defense supplies. Over the past two years, prices for some materials have even increased by more than 50%. "Prices are rising," Pevkur said. "I have been holding frequent discussions with my country's armaments chief." The minister pointed out: "What we have observed is that we purchased certain goods two years ago, and now, when we want to increase the procurement of similar goods, their prices have soared by 50% or even 60%." Pevkur described a typical "chicken or egg" dilemma: governments across Europe are confronted with shortages in the market, while the European defense industry, lacking formally signed government procurement contracts, is reluctant to invest and expand production capacity.```