Cold War Echoes: Global Defense Spending Soars to Record Heights
Global defense spending has reached a record high in 2024, increasing by 9.4% to total $2.718 trillion
Bulgaria President Georgi Parvanov has called for tighter controls on Bulgarian army spending “that have probably not been in place during the transition years.”
Parvanov , speaking late Monday in Varna, said that the new center-right GERB government’s program for modernization of the army needs optimization and that GERB should reduce the number of redundancies in the army to a minimum. "It is obvious that at this stage we can not fulfill all those ambitious goals we have set for ourselves," he added.
"It is necessary to assess the status of regulations. There are enough resources and that was our advice to the Minister of Defense," Parvanov continued.
In connection with the incident when 3 children died in an improvised bomb blast at a Krumovgrad orphanage on Saturday, Parvanov said that control over the ammunition must involve not only military but also in social institutions themselves.
Parvanov concluded "I obviously would like the country’s recovery from the financial crisis to be shorter. But my feeling is that 2010 will pass under the shadow of the crisis.”
Russia and the volatile situation in the Western Balkans are identified as the primary threats to Bulgaria’s national security in the 2024
Bulgaria is actively defending its national interests within NATO, according to Defense Minister Atanas Zapryanov
In 2024, Bulgaria allocated $2.208 billion (3.964 billion leva) for defense, which represents 2.04% of its GDP
Boyko Borissov, former Prime Minister and current leader of the ruling GERB party, emphasized Bulgaria’s long-standing experience and skilled workforce in the defense sector
This year, Bulgaria is set to receive its first batch of 33 Stryker combat vehicles for the Land Forces
The first Bulgarian F-16 Block 70 multi-role fighter jet
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase