Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria nears NATO standard for 2% of GDP spent for defense

Photo: BGNES

Bulgaria has planned to use 1.61 per cent of its gross domestic product for defense. That's 927 million USD for 2019. The rise is 0.3 percent compared to 2014, when Sofia spent 638 million USD or 1.31 percent of GDP. In NATO the US spends the largest share of GDP for defense - over 3.42%. Luxembourg is last with 0.55 per cent, as it has the highest GDP per capita in the EU - 66.000 euros. Montenegro allocates a little more money than Bulgaria as a percentage of its GDP - 1.65 per cent. Defense spending has risen steadily over the past 5 years. More and more countries are close to reaching the target of 2% of GDP for defense, NATO Secretary-General Jens Stoltenberg said.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

On Monday: Unsettled weather, rain and wind

Overnight and until midday on Monday, 9 December, the weather will be cloudy with showers, especially in the south-west. After midday, the rain will stop and the clouds will break up, but later there will be rain again, especially in the mountainous..

published on 12/8/24 7:05 PM

Internet trading scam with a Bulgarian trail uncovered in Greece

Hundreds of customers in Greece have reported fraudulent deliveries of parcels they never ordered. Upon investigation, the authorities discovered that the sender was a Bulgarian company based in Sofia. The scheme involves cracking the codes of customers..

published on 12/8/24 4:59 PM

15 Bulgarians in Syria ask Bulgarian Embassy for help in leaving the country

After rebels in Syria seized Damascus and declared President Bashar al-Assad's ouster earlter today, the Ministry of Foreign Affairs urges Bulgarian citizens residing in the country not to leave their homes until public order is normalised. The..

published on 12/8/24 2:32 PM