In 2020, Bulgaria has allocated 1.93 percent of its GDP for defense, according to a NATO analysis. That's 150 USD per capita in the country. Most of these funds go for salaries - 56%. 18% goes to training and maintenance, 19.4% goes to new equipment and research, and 6.9% of the money is spent on infrastructure.
Due to the eight F16 aircraft purchased in 2019, the defense funds then reached 3.18 percent of GDP. In 2014, NATO countries adopted a goal for defense money to reach 2% of GDP by 2024. In 2020 Bulgaria almost meets this criterion, as 6 years ago it set aside for defense just 1.3% of national GDP.
Slovak Ambassador Vasil Grivna was summoned to the Ministry of Foreign Affairs over official statements made by Slovak President Peter Pellegrini during his visit to Skopje on October 14. There were unacceptable assessments made..
On behalf of the Head of State Rumen Radev, Vice President Iliana Iotova presented the Order of Sts. Cyril and Methodius, first degree, to Professor Ma Sipu, the press office of the president reported. The award was presented at..
On the occasion of the Aviation and Air Force Day on October 16, at 09:00, flowers and wreaths will be laid at the Aviators Monument near the National Assembly in the capital city, the Ministry of Defense reports. The solemn..
Bulgaria, Greece and Romania have finalized a memorandum for joint cooperation on new transport projects, said European Commissioner for..
Suspicions of large-scale fraud with EU funds in a project to build a mussel farm in the Black Sea – southeast of Cape Emine in the..
In 2024, the gross domestic product of Bulgaria increased in real terms by 3.4% compared to the previous year, according to data by the..
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