Bulgaria has planned to use 1.61 per cent of its gross domestic product for defense. That's 927 million USD for 2019. The rise is 0.3 percent compared to 2014, when Sofia spent 638 million USD or 1.31 percent of GDP. In NATO the US spends the largest share of GDP for defense - over 3.42%. Luxembourg is last with 0.55 per cent, as it has the highest GDP per capita in the EU - 66.000 euros. Montenegro allocates a little more money than Bulgaria as a percentage of its GDP - 1.65 per cent. Defense spending has risen steadily over the past 5 years. More and more countries are close to reaching the target of 2% of GDP for defense, NATO Secretary-General Jens Stoltenberg said.
Household electricity prices could go up by less than 30% as of 1 July, 2024, Energy Minister Vladimir Malinov announced at a briefing at the Ministry of Energy. Kozloduy Nuclear Power Plant has withdrawn the price proposal, and after..
Interdepartmental working groups will work towards the speedier implementation of the projects for the construction of new nuclear capacities at Kozloduy NPP and the Vertical Gas Corridor, the Council of Ministers press service has announced. The..
More than two years ago, Russia’s Gazprom Export suspended gas deliveries under the contract with Bulgaria’s Bulgargaz. Russia suspends natural gas supplies to Bulgaria After a two year’s delay, the new management of the state company..
Household electricity prices could go up by less than 30% as of 1 July, 2024, Energy Minister Vladimir Malinov announced at a briefing at the Ministry..
More than two years ago, Russia’s Gazprom Export suspended gas deliveries under the contract with Bulgaria’s Bulgargaz. Russia suspends natural..
The Constitutional Court has rejected the request by President Rumen Radev to rule that the termination of Lukoil’s concession of oil port Rosenets is..
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