Cyprus takes receipt of first Safe programme payment

Cyprus on Friday took receipt of its first payment under the European Union’s Security Action for Europe (Safe) defence procurement programme, with a total of €177.2 million being disbursed to the island’s government.
The disbursement amounts to 15 per cent of Cyprus’ total allocation of just shy of €1.2 billion, with the European Commission saying that the funds will “enable Cyprus to advance key defence investments, reinforce resilience, and upgrade its military capabilities in line with...
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