The European Union’s new Safe regulation offers a major opportunity to boost Cyprus’ deterrent power and upgrade military infrastructure, Defence Minister Vasilis Palmas said on Monday outlining his ministry’s budget for 2016.
Speaking before the House finance committee, Palmas said the ministry’s proposed spending stands at €628.1 million, an increase of €39.7 million compared to 2025.
He acknowledged that Cyprus faces serious challenges but said they are “significant yet manageable.”
