Prime Minister Rosen Zhelyazkov led the Bulgarian delegation at the recently concluded NATO Summit in The Hague. Speaking to journalists, he stated that an agreement had been reached — with Bulgaria’s support — for each allied country to raise its defence spending to 5% of its gross domestic product (GDP) by 2035, the government press service reported.
According to the prime minister, 3.5% will be allocated to direct defence expenditure, while 1.5% will go towards additional defence-related costs, such as investments, technology, know-how transfer and dual-use infrastructure. Zhelyazkov added that there are no annual targets — what matters is achieving the overall goal by 2035. A national plan for defence investments is to be developed.
Editor: Miglena Ivanova
Posted in English by E. Radkova
"Bulgaria has the unanimous support of European leaders for joining the Eurozone'', Bulgaria’s Premier Rosen Zhelyazkov said before the start of the meeting of European heads of state and government in Brussels. Positive conclusions related to..
The Sofia Municipal Council has approved the city's budget for 2025 with 41 votes in favour, four against and ten abstentions . The document's economic framework provides for a retroactive increase in public transport salaries of 300 leva (€153) with..
At a Sofia City Council (SCC) briefing, municipal officials who recently left the We Continue the Change (PP) party declared they would not be complicit in covering up the truth. The mayors of the capital’s Lyulin and Mladost districts, Georgi..
A large fire stretching about 10 kilometers is burning east of the town of Karnobat, Burgas district, reported the mayor of Karnobat Municipality..
The National Revenue Agency is inspecting currency exchange offices due to increased interest in buying euros . Within just one week, the exchange of..
At a Sofia City Council (SCC) briefing, municipal officials who recently left the We Continue the Change (PP) party declared they would not be complicit..
sunshine, cloud, rain and thunder
Clear
Partly Cloudy