Bulgaria's Draft Budget for 2025: 3% Deficit, State Debt Growth, and Key Tax Changes
The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028
The Bulgarian government swiftly approved an emergency allocation of $263.3 million towards the first installment for acquiring Stryker armored vehicles, set to be paid by December 15th.
As stated by the Ministry of Defense, this agreement aims to swiftly address a critical capability gap in the Ground Forces of the Bulgarian Army. The deal encompasses the procurement of 198 combat and support vehicles, with 183 from the Stryker family, totaling an estimated $1.376 billion.
In tandem, the parliamentary defense committee rejected President Rumen Radev's veto concerning the provision of 100 aging armored vehicles to Ukraine. Debates highlighted that these machines are 43 years old and are beyond repair within Bulgaria's capabilities.
Bulgaria's Ministry of Defense has confirmed that the government has approved the provision of additional military assistance to Ukraine, as part of its ongoing support
The U.S. Department of Homeland Security (DHS), through Homeland Security Investigations, has provided Bulgaria’s Ministry of the Interior with advanced equipment aimed at bolstering the country’s border security
This morning, the United States Army carried out its scheduled transfer of forces at the Novo Selo Training Area (NSTA)
Bulgaria has decided to provide additional military aid to Ukraine, as confirmed by the latest meeting of the caretaker government led by Dimitar Glavchev
Caretaker Prime Minister Dimitar Glavchev has announced a request to the Ministry of Finance to ensure that defense spending exceeds 2% of Bulgaria’s gross domestic product (GDP)
Bulgaria has approved an updated draft of the Agreement on Security Cooperation with Ukraine, confirming its continued commitment to supporting Ukraine amid the ongoing conflict with Russia
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