SAFE is a financial instrument worth €150 billion, designed to provide loans to EU member states. It primarily finances joint procurement of ammunition, missiles, air defense systems, and ground combat systems produced in the EU, the European Commission's press service reported. It is part of the European Commission's ReArm Europe/Readiness 2030 plan, which aims to mobilize over €800 billion in defense investments across the European Union. Pre-financing will help Bulgaria accelerate priority defense investments, enhance resilience, and modernize its military capabilities in line with common European goals. SAFE is intended to enable rapid and coordinated actions, improve the ability of European armed forces to operate together, and strengthen Europe's defense industry, including through joint procurement and closer cross-border cooperation. Defense and Space Commissioner Andrius Kubilius stated: > "With these first payments under SAFE, we are helping Bulgaria and Latvia accelerate key defense investments while strengthening their readiness and resilience. We are acting quickly and decisively to support member states on the eastern flank of the EU. SAFE allows member states to invest faster, procure more effectively through joint actions, and strengthen Europe's defense industrial base." This payment followed the completion of all necessary procedural steps and reflects the EU's commitment to providing timely practical support through SAFE. Subsequent payments will be made as agreed milestones are reached and measures are implemented. The SAFE instrument is financed through EU borrowings in financial markets. This allows member states seeking funding to receive long-term loans at competitive rates and attractive conditions. The terms of SAFE loans are backed by the European Union's high credit rating.
