Cyprus is set to deepen defence industrial cooperation with France through programmes reportedly valued at around 800 million euros under the EU’s SAFE security funding mechanism.
The agreements fall within the broader Security Action for Europe framework (SAFE), under which the government can access up to 1.181 billion euros in borrowing for the period 2026 to 2030.
According to Simerini , of this amount, approximately 800 million euros is expected
