Serbia Secures €1.9 Billion Loan from French Banks for Rafale Fighter Jet Deal
Cătălin Roșioru
The Serbian National Assembly has approved a loan agreement worth €1.9 billion with several French financial institutions to fund the acquisition of 12 Rafale fighter jets , marking one of the largest military investments in the country’s history, BGNES writes. The purchase is part of Serbia ’s broader plan to overhaul and modernize its air force and defense capabilities, replacing its outdated fleet of Soviet-era MiG aircraft. The Rafale deal, initially agreed upon in August 2024 during French
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