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

Modernization of Bulgarian Armed Forces until 2032 will cost EUR 15 billion

Bulgaria’s Chief of Defense Admiral Emil Eftimov
Photo: Bulgaria's Ministry of Defense

The complete modernization of the Bulgarian Armed Forces until 2032 will cost EUR 15 billion, Bulgaria’s Chief of Defense Admiral Emil Eftimov said on occasion of the Day of the Bulgarian Army - May 6. We are looking for mechanisms to reduce the price, Admiral Eftimov said. Currently, the assets of the Bulgarian army amount to nearly EUR 25 billion. However, most of the military equipment is over thirty years old. We need to develop 180 new defense capabilities. That is why, spending on defense should reach 2% of the country’s GDP by 2024, the defense review estimates show. Despite the crisis, we don’t agree with the ideas that the projects for acquisition of new infantry machinery and navy ships should be postponed, Admiral Eftimov says further.




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

Bulgaria is 3% away from entering the US Visa Waiver Program

The U.S. Department of State today released the data for the refused type B visas for the financial year 2024. For Bulgaria, this percentage is 6.02%, which marks a significant decrease compared to last year, when it was 11.61%. This is the lowest..

published on 11/27/24 4:09 PM

Bulgarian MPs fail in their sixth attempt to elect Parliamentary Speaker

The Bulgarian MPs gathered in plenary today for a sixth attempt to elect a President, which again proved unsuccessful.  The chances of electing a Speaker of the 51st National Assembly are minimal The candidates Natalia Kiselova from..

published on 11/27/24 3:06 PM

Bulgaria and Egypt discuss possible direct air routes

Bulgaria's Ambassador to Egypt Deyan Katrachev met with Egypt's newly appointed Minister of Civil Aviation Sameh al-Hefny . At the meeting, which took place on 26 November, both discussed the updating of the air transport agreements between the two..

published on 11/27/24 2:12 PM