{"id":2224537,"date":"2026-10-28T15:51:08","date_gmt":"2026-10-28T12:51:08","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2224537"},"modified":"2026-10-28T15:51:08","modified_gmt":"2026-10-28T12:51:08","slug":"hungarys-e5-4bn-defence-loan-approved-as-eu-wraps-first-safe-round","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2224537","title":{"rendered":"Hungary\u2019s \u20ac5.4bn defence loan approved as EU wraps first SAFE round"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/97\/07\/75\/1200x675_cmsv2_40cd799f-999c-51b5-b534-adeaffb6c9ba-9970775.jpg&#8221;]<\/p>\n<article id=\"abe-2937440-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2937440\" data-cid=\"9970751\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937440-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" 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class=\"the-media-object__quote\">In partnership with <strong>Media City<\/strong><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          News<\/p>\n<p>                          Europe<\/p>\n<p>                          Europe News<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Hungary\u2019s \u20ac5.4bn defence loan approved as EU wraps first SAFE round<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/07\/75\/1536x864_cmsv2_40cd799f-999c-51b5-b534-adeaffb6c9ba-9970775.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"Hungarian Prime Minister P\u00e9ter Magyar with European Commission President Ursula von der Leyen in Brussels, 29 April, 2026. \"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              Hungarian Prime Minister P\u00e9ter Magyar with European Commission President Ursula von der Leyen in Brussels, 29 April, 2026.<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspAngela Skujins\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1793202668\">\n         Published on<br \/>\n            <time datetime=\"2026-10-28T16:51:08+01:00\">28 October 2026 &#8211; 16:51 GMT+1<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on 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src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The European Commission has approved Hungary\u2019s \u20ac5.4 billion defence loan application, completing the first round of SAFE allocations and leaving just over \u20ac21 billion available for a new funding round.<br \/>\n    <\/h2>\n<div class=\"c-article-content js-article-content\">\n<p>The European Commission has approved Hungary\u2019s \u20ac5.4 billion Security Action For Europe (SAFE) defence loan application, officially concluding the first round of Brussels&#8217; landmark financing programme to bolster Europe\u2019s military readiness.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>Hungarian Prime Minister P\u00e9ter Magyartrimmed the application amount from \u20ac16.4 billion to \u20ac5.4 billion after he took office in April, with the official application revised and lodged late September. <\/p>\n<p>Magyar is understood to have wanted to reassess the original proposal over alleged corruption risks linked to the previous government.<\/p>\n<p>Before the funding can be dispersed, it must be approved by the EU governments, with a loan agreement subsequently signed by representatives from Brussels and Budapest.<\/p>\n<p>European Commission spokesperson Thomas Reginer confirmed over \u20ac21 billion remains in the \u20ac150 billion funding envelope.<\/p>\n<p>Member states will be invited to express their interest to take on additional loans or totally new loans by December, after which the Commission will assess potential fresh plans.<\/p>\n<p>Countries like Ireland, which did not take out an initial SAFE loan, have expressed interest in potentially taking part in the next round.<\/p>\n<p>Ireland&#8217;s Defence Minister Helen McEntee said in October she would like Dublin to take part. \u201cI\u2019ve made that ambition very clear,\u201d she said.<\/p>\n<p>In total, 19 member states submitted SAFE loan applications for strategic defence investments, comprising a total of \u20ac129 billion. There was \u20ac150 billion available in the pool of funding. <\/p>\n<p>SAFE is a key pillar of the European Commission\u2019s ReArm Europe 2030 plan, which aims to accelerate orders, secure supply chains, and boost manufacturing by supporting countries pool procurement in certain capabilities seen as priorities.<\/p>\n<p>This includes ammunition, drone and anti-drone systems, air defence, military mobility, and electronic warfare capabilities, among others. <\/p>\n<p>The year 2030 has been identified by various intelligence agencies as the year for when Russia could launch armed aggression against NATO.<\/p>\n<p>The programme encourages joint procurement, stronger industrial cooperation and greater interoperability across Europe.<\/p>\n<p>At least 65% of the component costs must originate from the EU, Ukraine and certain countries from the European Economic Area and European Free Trade Association. <\/p>\n<p>The remaining 35% can come from any third country.<\/p>\n<p>Poland secured 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Flavio Bolsonaro arrives at his election night event after the presidential runoff in Brasilia, Brazil, Sunday, 25 Oct., 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Flavio Bolsonaro arrives in Miami after fleeing Brazil<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2937456-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937456\" data-cid=\"9970830\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937456-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/08\/30\/320x180_cmsv2_a3cca55c-2276-5dae-a953-b5b14e254272-9970830.jpg\" loading=\"lazy\" alt=\"Source: AP Photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU approves \u20ac319 million state aid to Austrian semiconductor factory<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2937450-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937450\" data-cid=\"9970776\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937450-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/94\/54\/83\/320x180_cmsv2_2baa6642-c113-5434-8aa0-b2dfa21f13ee-9945483.jpg\" loading=\"lazy\" alt=\"FILE. Operators work at Enagas regasification plant, the largest LNG plant in Europe, in Barcelona, Spain, 29 March 2022\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European gas price crosses \u20ac100 for first time since 2022 crisis<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2937159-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2937159\" data-cid=\"9969318\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Putin call pits Finland and Norway against Denmark and Sweden<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2936932-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2936932\" data-cid=\"9968235\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Living comfortably in Europe: How much net income do you need?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2937331-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2937331\" data-cid=\"9970165\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    High-speed train crash in Spain kills at least 64, injures 80<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2937097-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2937097\" data-cid=\"9969037\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    After months dithering, Europe shows it&#8217;s ready for talks with Russia<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2937238-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2937238\" data-cid=\"9969717\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Israel: Netanyahu bloc leads with more than half of votes counted<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2937331-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2937331\" data-cid=\"9970165\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937331-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/65\/320x180_cmsv2_460f38d5-46e5-5063-b7df-c35e0d4f645f-9970165.jpg\" loading=\"lazy\" alt=\"Emergency services attend to the victims at the scene of a collision between two trains in Urda, Spain, on Wednesday, 28 Oct, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    High-speed train crash in Spain kills at least 64, injures 80<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937420-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937420\" data-cid=\"9970571\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937420-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/17\/93\/320x180_cmsv2_589af327-2f1c-5cd2-bc7d-8cbed3f46155-9921793.jpg\" loading=\"lazy\" alt=\"Canada&apos;s Prime Minister Mark Carney, front left, speaks with European Commission President Ursula von der Leyen at the European Parliament in Strasbourg.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU removes mention of \u2018associate membership\u2019 from Canada declaration<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937317-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937317\" data-cid=\"9970110\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937317-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/10\/320x180_cmsv2_c784cfcc-07a0-52ca-a64a-39d168094cd8-9970110.jpg\" loading=\"lazy\" alt=\"Opposition presidential candidate Sen. Flavio Bolsonaro arrives at his election night event after the presidential runoff in Brasilia, Brazil, Sunday, 25 Oct., 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Flavio Bolsonaro arrives in Miami after fleeing Brazil<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937456-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937456\" data-cid=\"9970830\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937456-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/08\/30\/320x180_cmsv2_a3cca55c-2276-5dae-a953-b5b14e254272-9970830.jpg\" loading=\"lazy\" alt=\"Source: AP Photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU approves \u20ac319 million state aid to Austrian semiconductor factory<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937450-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937450\" data-cid=\"9970776\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937450-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/94\/54\/83\/320x180_cmsv2_2baa6642-c113-5434-8aa0-b2dfa21f13ee-9945483.jpg\" loading=\"lazy\" alt=\"FILE. Operators work at Enagas regasification plant, the largest LNG plant in Europe, in Barcelona, Spain, 29 March 2022\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European gas price crosses \u20ac100 for first time since 2022 crisis<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937159-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2937159\" data-cid=\"9969318\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Putin call pits Finland and Norway against Denmark and Sweden<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2936932-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2936932\" data-cid=\"9968235\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Living comfortably in Europe: How much net income do you need?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937331-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2937331\" data-cid=\"9970165\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    High-speed train crash in Spain kills at least 64, injures 80<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937097-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"2937097\" data-cid=\"9969037\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    After months dithering, Europe shows it&#8217;s ready for talks with Russia<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937238-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2937238\" data-cid=\"9969717\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Israel: Netanyahu bloc leads with more than half of votes counted<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The European Commission has approved Hungary\u2019s \u20ac5.4 billion Security Action For Europe (SAFE) defence loan application, officially concluding the first round of Brussels&#8217; landmark financing programme to bolster Europe\u2019s military readiness.Hungarian Prime Minister P\u00e9ter Magyar\u00a0trimmed the application amount from \u20ac16.4 billion to \u20ac5.4 billion after he took office in April, with the official application revised and lodged late September.Magyar is understood to have wanted to reassess the original proposal over alleged corruption risks linked to the previous government.Before the funding can be dispersed, it must be approved by the EU governments, with a loan agreement subsequently signed by representatives from Brussels and Budapest.European Commission spokesperson Thomas Reginer confirmed over \u20ac21 billion remains in the \u20ac150 billion funding envelope.Member states will be invited to express their interest to take on additional loans or totally new loans by December, after which the Commission will assess potential fresh plans.Countries like Ireland, which did not take out an initial SAFE loan, have expressed interest in potentially taking part in the next round.Ireland&#8217;s Defence Minister Helen McEntee said in October she would like Dublin to take part. \u201cI\u2019ve made that ambition very clear,\u201d she said.In total, 19 member states submitted SAFE loan applications for strategic defence investments, comprising a total of \u20ac129 billion. There was \u20ac150 billion available in the pool of funding.SAFE is a key pillar of the European Commission\u2019s ReArm Europe 2030 plan, which aims to accelerate orders, secure supply chains, and boost manufacturing by supporting countries pool procurement in certain capabilities seen as priorities.This includes ammunition, drone and anti-drone systems, air defence, military mobility, and electronic warfare capabilities, among others. \u00a0The year 2030 has been identified by various intelligence agencies as the year for when Russia could launch armed aggression against NATO.The programme encourages joint procurement, stronger industrial cooperation and greater interoperability across Europe.At least 65% of the component costs must originate from the EU, Ukraine and certain countries from the European Economic Area and European Free Trade Association.The remaining 35% can come from any third country.Poland secured the largest loan of \u20ac43 billion, while Denmark took on the smallest SAFE loan of \u20ac46.8 million.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/2026\/10\/28\/hungarys-54bn-defence-loan-approved-as-eu-wraps-first-safe-round&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/97\/07\/75\/1200x675_cmsv2_40cd799f-999c-51b5-b534-adeaffb6c9ba-9970775.jpg&#8221;] Europe News Decision by control centre investigated after Spanish train crash Europe News Poland chosen to host \u20ac227m Patriot missile maintenance centre USA 60,000 runners, two million spectators: New York gears up for marathon Grand Voyager Grand Voyager | Exploring Azerbaijan In partnership with Media City News Europe Europe News Hungary\u2019s \u20ac5.4bn [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2224537","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2224537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2224537"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2224537\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2224537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2224537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2224537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}