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EU Council approves Czech plan for use of 50 billion for military equipment

The Council of the European Union approved on Friday the Czech plan for using funds from the European SAFE financial instrument. The Czech Republic can thus use funds worth 2.06 billion euros for military equipment, which corresponds to approximately 50.3 billion crowns. seznamzpravy.cz ↗

The SAFE instrument was established last year and allows European Union member states to take out loans for the acquisition of modern military equipment and to increase defense readiness. The Czech Republic is the second state to now receive this financial assistance. Before the Czech Republic, similar approval was granted to France. forum24.cz ↗

According to available information, the financing was reportedly delayed by adjustments required by the Czech government. Andrej Babiš expressed satisfaction that the EU Council approved the plan. The prepared funds will be used for infrastructure, including the construction of the D11 highway and the purchase of new tanks for the Czech army. ct24.ceskatelevize.cz ↗

The first payments are expected to reach the Czech Republic in the coming weeks, allowing it to acquire modern military equipment and strengthen its defense capacity in line with the security needs associated with the situation in Europe. ihned.cz ↗

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