Eighteen member states of the European Union, including Cyprus, have expressed their interest in accessing loans under the Security Action for Europe (SAFE) instrument.
The European Commission says in a press release on Wednesday that the countries that expressed interest are Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovakia and Finland.
Andrius Kubilius, Commissioner for Defence and Space, said that “the strong interest in SAFE, with at least €127 billion in potential defence procurements, demonstrates the EU's unity and ambition in security and defence. We remain committed to supporting EU countries in their efforts to enhance European security. SAFE is a symbol of our collective commitment to strengthen our defence readiness for a safer and united future,” he noted.
The early indication of interest will allow the Commission to assess demand and prepare for raising funds on the capital markets. The deadline for formal submission of requests under SAFE remains 30 November 2025.
SAFE is a key EU instrument to strengthen resilience and security, supporting investments in areas such as defence, dual-use infrastructure, cyber capabilities, and strategic supply chains, the press release concludes.
(Source: CNA)
Also read: RoC submitting interest in EU's 'SAFE' regulation, Defence Minister confirms