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

More than 900 children are looking for adoptive parents, families looking to adopt a child double that number

At the beginning of the year, there are more than 1,600 families who want to adopt a child, while a little over 900 children are looking to be adopted. According to Social Assistance Agency data, 377 children were adopted in this country in..

published on 3/28/24 8:51 AM

Yellow code for strong winds in force for 13 districts in central and eastern Bulgaria

On Thursday, minimum temperatures in Bulgaria will be between 7 and 12°C, 8°C in Sofia. Around midday, there will be variable cloudiness with sunny spells. Over central and eastern Bulgaria, clouds will increase significantly and showers will fall in..

published on 3/27/24 7:05 PM

Prime Minister in resignation: I see no reasons for constitutional crisis

"Assuming that there will be a constitutional crisis seems quite frivolous to me". This was what PP-DB candidate for Prime Minister Nikolai Denkov said on his way out of the presidency, after returning the unfulfilled second mandate for forming a..

published on 3/27/24 6:07 PM