The budget of the Bulgarian Naval Forces will be increased in 2024 because of the situation in the Black Sea. With the implementation of modernization projects, the capabilities of the Navy will grow, Defense Minister Todor Tagarev said at a solemn ceremony, dedicated to 144th anniversary of the establishment of the Bulgarian Navy.
The minister recalled that the construction of modular and multi-role patrol ships is underway. The execution of the contracts for the supply of anti-ship missiles, anti-aircraft guided missiles and torpedoes for the new ships also continues.
"The investment program for the modernization of the armed forces will include new projects that are to upgrade the capabilities of the Navy," Minister Tagarev also said.
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Bulgaria will invest 2.18 per cent of its GDP in defence this year , according to documents released by NATO ahead of its July 2024 summit in Washington. The country's 2024 defence spending is expected to be $2.325 billion , up from $1.992 billion..
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It will be sunny on Monday. Clouds will form over the mountains in western Bulgaria in the afternoon with a chance of showers. The lowest temperatures..
A lasting settlement of the conflict will require dialogue between all parties, reads the final communiqué signed by 80 countries at the Summit on Peace..
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