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

Bulgaria to invest more than $2.3 billion in defence by the end of 2024

Photo: Archive

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 in 2023. The data show a sustained increase in defence investment since 2020. However, the average number of army personnel is 0.6 per cent lower than in 2014, when NATO countries set a target of two per cent of GDP for defence spending, according to statistics cited by BTA.



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

SJC reacts to calls for the suspension of the election of the Prosecutor General and the President of the SAC

"The calls to suspend the procedure for the election of the President of the Supreme Administrative Court and the Prosecutor General are a call for the Supreme Judicial Council to violate the Constitution, which is unacceptable," the Supreme Judicial..

published on 10/17/24 3:12 PM

Rumen Radev: Bulgaria must reassume its leadership in the Balkans

President Rumen Radev has called on Bulgarian politicians and parties to resolve their "family issues" and restore Bulgaria's leadership in the Balkans "in a broader regional perspective". "It is high time to take our heads out of the sand, stop..

published on 10/17/24 2:28 PM
LB Bulgaricum EAD CEO Zhivko Zhivkov and Meiji Executive Officer Shigeru Taniguchi signing the contract on October 17, Sofia.

LB Bulgaricum EAD, Meiji to set up joint research laboratory in Bulgaria

Bulgarian state-owned company LB Bulgaricum and Japanese giant Meiji signed a contract to establish a world-class joint research laboratory. The official ceremony was attended by interim Economy Minister Petko Nikolov and Japanese Ambassador Michigami..

published on 10/17/24 2:19 PM