InfraDefenceThe capital behind defence.
Government finance · 26 Jan 2026

SAFE second wave: plans approved for 8 member states incl. Poland and Italy

Issuer or borrower
European Commission (SAFE)
Date
26 Jan 2026
Amount
€74bn
US$ equivalent
US$85.8bn
Type
Government finance
Structure
Approval of plans for Latvia, Estonia, Lithuania, Poland, Finland, Greece, Italy and Slovakia
Country
European Union

This is a programme-level or conditional commitment. It is listed for reference and left out of funded totals.

Sources

  1. Latvian Ministry of Defence: Commission approves Latvia's SAFE application mod.gov.lv · 26 Jan 2026
  2. Euronews: Commission approves eight more SAFE plans worth €74bn euronews.com · 26 Jan 2026

Checked against the documents above. Record DEF-2026-0002.

Other financings by European Commission (SAFE)

DateFinancingTypeAmount
15 Apr 2026European Defence Fund 2025 call resultsGovernment finance€1.07bn
15 Jan 2026SAFE first wave: national defence investment plans approved for 8 member statesGovernment finance€38bn
9 Sep 2025SAFE (Security Action for Europe) €150bn loan instrument: allocation adoptedGovernment finance€150bn
30 Apr 2025European Defence Fund 2024 call resultsGovernment finance€910m
16 May 2024European Defence Fund 2023 call resultsGovernment finance€1.03bn
26 Jun 2023European Defence Fund 2022 call resultsGovernment finance€832m
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