Cyprus Times

SAFE: Cyprus Package Approved by EU Council - 'We are strengthening our security' says Palmas

Published February 11, 2026, 17:13
SAFE: Cyprus Package Approved by EU Council - 'We are strengthening our security' says Palmas

The EU Council approved Cyprus's defense plan under the SAFE framework, providing funding of €1,181,503,924 through loans, with initial funding of €177,225,588.60. Funding was also approved for other countries, including Greece (€787,669,283 with an initial payment of €118,150,392.45). Defense Minister Vasilis Palmas stated that the EU is strengthening security through SAFE. Additionally, an agreement with Canada was approved for its participation in the SAFE instrument, making Canada the first non-European country to participate.