SAFE loans, repaid in 45 years. Romania has a 10-year grace period

Romania has secured a 2.5 billion euro pre-financing from the European SAFE instrument, with a 45-year maturity and a 10-year grace period. Access to further funds is contingent on meeting project milestones. The financing will support 35 projects, primarily in defense and infrastructure. The Ministry of Finance will manage the funds, while project implementation will involve various ministries. Romania aims to increase defense spending to 3.5% of GDP by 2035, with SAFE facilitating more efficient financing.