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.
On April 9 and 10, Bulgaria's President Rumen Radev participated in the Delphi Economic Forum in Greece . The event brings together heads of state and government, representatives of academia, business and the non-governmental sector, who discuss the..
The images of Paisius of Hilendar and St. Ivan Rilski will adorn Bulgarian euro coins The revised graphic design of the Bulgarian national side of the euro coins has been approved by the Governing Council of the Bulgarian National Bank. The..
The project company "Kozloduy NPP - New Capacities", working on the construction of the new units No. 7 and No. 8 of the Kozloduy Nuclear Power Plant, has begun negotiations with Bulgarians who live abroad and have experience in nuclear power plants in..
The personnel crisis in the tourism sector has reached critical levels, with various data indicating that up to 70% of tourist sites..
Sofia public transport workers will protest on Monday, April 14, demanding increase in wages . The decision to protest was made after meetings between the..
Energy Minister Zhecho Stankov attended the tenth edition of the Delphi Economic Forum in Greece. "Bulgaria is a reliable partner in the region's energy..
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