14 Apr 2026
Modernization of Bulgarian Armed Forces until 2032 will cost EUR 15 billion
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, BNR reports. 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.
Latest news
Latest newsCeasefire Without Effect: Traffic Through the Strait of Hormuz Remains Paralyzed
10.Apr.2026
Repairs to the Druzhba Oil Pipeline Near Completion: Kyiv Seeks to Ease Tensions within the EU
10.Apr.2026
Armenia’s 2026 Elections: System Stability Amid Low Trust and Fragmented Competition
08.Apr.2026
Escalation Around Iran: The U.S. Increases Pressure
07.Apr.2026
Tbilisi Brings the Region Closer: The South Caucasus Strengthens Coordination
07.Apr.2026
Ukraine Develops a “Low-Cost Shield”: New Air Defense System Could Change the Rules of Warfare by 2027
06.Apr.2026
Yale report: Russian companies may have been involved in the deportation of Ukrainian children
05.Apr.2026
Ukraine says Russian offensive thwarted as frontline situation improves
04.Apr.2026
Turkiye Conducts Large-Scale Military Drills
03.Apr.2026
Russia Bets on a “Drone Elite”: Students Lured into the Military with Lucrative Incentives
02.Apr.2026