On Monday 26 January, the European Commission announced that it had approved eight new investment plans submitted by Estonia, Finland, Greece, Italy, Latvia, Lithuania, Poland and Slovakia under the European ‘SAFE’ instrument for granting loans to increase investment in the defence sector (see EUROPE B13763A2).
The EU Council has four weeks to assess and adopt these national plans, after which the Commission expects to be able to make a pre-financing payment next March.
In mid-January,...