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.
The Bulgarian Embassy in Washington organized an official ceremony to unveil a memorial plaque in honor of Dimitar Peshev, Deputy Speaker of the National Assembly in the period 1940–1943. He initiated the action against the..
Deputy Prime Minister Atanas Zafirov has met with Ambassador of India to Bulgaria, Arun Kumar Sahu, and discussed the possibilities for deepening the strategic partnership between the two countries. "India is a key partner for..
The EU Court of Justice in Luxembourg has restricted the practices of quick loan companies. The magistrates ruled that the guarantors' fees must be included in the price of the loan, in the so-called annual percentage rate of charge...
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a..
One hundred days after the start of its work, the government of Rosen Zhelyazkov enjoys the approval of 19.2% of Bulgarian citizens,..
A children's hospital for active treatment will open in Burgas by the end of the year, it became clear during the inspection of its..
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Overcast, rain