The Ministry of Defence announces that on 15 January 2026, the investment plan of the Republic of Cyprus, amounting to €1.18 billion, was approved by the European Commission within the framework of the implementation of the SAFE Regulation. The investment plan is among the first eight to be approved in the initial tranche, while the remaining eleven are expected to be approved in the near future through a second and third tranche.

It is noted that, in accordance with the provisions of the SAFE Regulation, the European Commission will immediately submit to the Council proposals for implementing decisions, separately for each country. The Council must adopt these decisions within four weeks. Immediately thereafter, the loan agreement must be finalised, while at the same time the necessary procedures for the implementation of the programmes included in the investment plan are being carried out at an intensive pace.

The successful participation in the SAFE Regulation confirms the commitment of the Ministry of Defence to the upgrade, enhancement, and expansion of the capabilities of the National Guard, in order to further strengthen the defence and deterrent power of the Republic of Cyprus.

The Ministry of Defence will continue to make every possible effort both to ensure the continued implementation of the SAFE Regulation and to further reinforce the defence capability of the Republic of Cyprus.