Hungary reduces planned EU defense loans under SAFE program to €5.4 billion
Hungary notifies the European Commission that it will draw only €5.4 billion from the EU SAFE defense loan facility, well below its initial double-digit billion allocation.
Hungary intends to draw substantially less credit than originally allocated from the European Union's Security Action for Europe (SAFE) defense financing program, according to European Commission officials.
Hungarian authorities formally notified the Commission that Budapest plans to utilize only €5.4 billion from the initiative. This requested sum is significantly below the double-digit billion amount initially available to the Central European nation under the defense loan framework. A Commission spokesperson confirmed the revised figure during a press briefing on Friday.
Sources: Hartpunkt.