Bulgaria to Raise Defense Spending to 3.5% of GDP Under 2035 Plan

Bulgaria’s government has outlined an extensive long-term plan to modernize its armed forces, with total defense-related investments projected at around €19 billion by 2035. Of this amount, approximately €9 billion is allocated directly to armaments procurement and military modernization. According to details of the investment strategy published by the government and reported by BNR, funding will come from both the national budget and the EU-backed SAFE loan instrument....