In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark Rutte. For the first time, the country has met the NATO target set in 2014, which requires each member state to spend at least 2% of its GDP on defense. Back in 2024, NATO members agreed to commit t least 2% of their GDP on defense following Russia’s annexation of Crimea.
According to the report, Bulgaria's GDP for 2024 is USD 108.425 billion, which translates to USD 14,200 per capita, meaning USD 289 per person was spent on defense. 16 NATO countries spend more than Bulgaria on defense. Bulgaria’s defense spending is on par with Albania. Poland is NATO’s biggest defense spender- 4.07% of the GDP. Spain is the alliance's lowest defense spender, setting aside just 1.28% of its GDP on the military in 2024. The Unites States spend 3.19% of its GDP on defense, reports the BNR’s correspondent in Brussels Angelina Piskova.
GERB leader Boyko Borisov has told the media that he personally participated in talks with American representatives on the lifting of the Magnitsky sanctions against Bulgarian citizens. He said that he also spoke on the subject with David Cameron while..
On Thursday minimum temperatures will range between 6 and 11° C., for Sofia around 8° C. During the day the weather will continue cloudy and rainy. The rain will be more significant in Eastern Bulgaria, and in the afternoon – in Central Bulgaria...
The European Commission has decided to withhold EUR 215 million from the second payment under Bulgaria’s recovery and resilience plan, the EC told the Bulgarian National Radio. The country is to receive EUR 439 million. EU may cut money for..
The Ministry of Finance and the Bulgarian National Bank are organizing a high-level conference today titled ''Bulgaria on the Doorstep of the Eurozone''...
The euro will help, but it does not on its own guarantee higher standards of living, said Kristalina Georgieva, Managing Director of the International..
Prokopan is the only railway tunnel on the Plovdiv-Burgas line. This became clear during a visit by Deputy Minister of Transport Lyuben Nanov, who was..
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