Cyprus has signed a crucial agreement with the European Commission to access defence funds under the European Union’s €150 billion Security Action for Europe (Safe) programme. The signing took place between Finance Minister Makis Keravnos and European Defence Commissioner Andrius Kubilius, marking a significant step for the island nation in bolstering its military capabilities.
During the signing event, Commissioner Kubilius assured that “very soon, EU support will start reaching Cyprus’ military and industry,” highlighting the urgency and importance of these funds in meeting the current security needs.
With this agreement, Cyprus becomes the sixth EU member state to sign on to the Safe programme, joining Poland, Lithuania, Croatia, Romania, and Belgium. Notably, Poland has already received the first tranche of funding, amounting to just over €6.5 billion from its total entitlement of nearly €44 billion under the scheme, making it the largest recipient among EU nations.
Cyprus, for its part, has secured over €1 billion in funding, which Defence Minister Vasilis Palmas stated will be directed towards acquiring military hardware to fulfil the National Guard’s priorities until 2030. Palmas previously noted the pressing need for this support, stating that the Safe programme emerged at a time when the European Union’s shortcomings in defence capabilities had become glaringly evident.
He emphasised the urgency of mobilising equipment and joint procurement programmes, which are essential for enhancing the continent’s defence posture. “The €150 billion which will be invested by member states in the joint procurement of high-tech weapons systems is expected to be the trigger for a new promising era for European defence, with the ultimate goal of autonomy, technological dominance, and resilience,” Palmas remarked.
Cyprus’ investment plan was approved by the Council of the EU in February, with President Nikos Christodoulides expressing optimism about the programme. He described the Safe initiative as “an important financial tool” and noted that the approval of funding is a testament to the effective work carried out in Cyprus. The President also highlighted the fact that Cyprus is among the first member states to have the relevant amount approved, showcasing the country’s proactive approach to enhancing its defence capabilities.
As the EU continues to navigate an evolving security landscape, the Safe programme represents a pivotal moment for member states like Cyprus, poised to strengthen their military readiness and collaborative defence efforts across the region.
