Bulgaria: What Taxpayers Need to Know After the Euro Changeover
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
@Ministry of Defense
Bulgaria has joined the ranks of 18 NATO nations meeting the alliance's criterion of allocating 2 percent of GDP for defense spending, announced Defense Minister Todor Tagarev. Speaking from Brussels, where he attended a meeting of NATO defense ministers, Tagarev emphasized Bulgaria's commitment to meeting and exceeding the defense expenditure benchmark.
"We are over 2% with the planned budget for this year... In future years, like 2026, the budget will exceed 2% due to increased payments on existing contracts," stated Tagarev. He highlighted that a significant portion of the defense budget is earmarked for investment in new capabilities, a move welcomed by NATO allies.
Addressing concerns raised by former US President Donald Trump's recent remarks suggesting that he would support Russian aggression against countries failing to meet defense spending targets, Tagarev stressed the importance of burden-sharing among NATO members. He noted that while Trump's stance was consistent with his previous statements, NATO's commitment to mutual defense remains steadfast.
"Mr. Trump is on the campaign trail... but it's completely understandable... we all have to share the burden... NATO's commitment is categorical," Tagarev affirmed.
When asked about potential changes within the Bulgarian government following a scheduled rotation on March 6, Tagarev did not directly address his future in the cabinet. Instead, he highlighted the productive collaboration with current officials and expressed readiness to work with whoever assumes leadership roles.
"Academician Denkov and Mrs. Gabriel will change positions... we are working extremely well... we will see how events will develop," Tagarev commented.
With Bulgaria's commitment to NATO's defense goals affirmed, concerns persist over Trump's rhetoric and its implications for European security.
The European Commission has recommended a new submarine cable connecting Bulgaria as part of its Cable Projects of European Interest (CPEI), under the EU’s Action Plan on the Security of Submarine Cables
The Ministry of Defense has launched a public procurement procedure for the maintenance of Bulgaria’s Soviet-era MiG-29 fighter jets, allocating a total of EUR 58 million for a comprehensive overhaul
Italy will fund the construction of temporary infrastructure for a NATO battlegroup base in Bulgaria, after Bulgaria’s parliamentary defence committee approved the agreement
Bulgaria’s role in the Black Sea region is becoming increasingly significant as part of NATO’s southeastern flank and as the Alliance’s main access point to the Black Sea, according to a new report by the international think tank GLOBSEC, released on Mond
After months of unexplained delay, the Council of Ministers on Wednesday cleared a key investment project for the Bulgarian Armed Forces, giving the green light for the purchase of modern coastal anti-ship missile systems
Bulgaria holds the 62nd position worldwide in the military power index, according to the latest assessment by the online platform Global Firepower.
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