According to EU Council President António Costa, Bulgaria might be crucial to European military initiatives. Costa, who is currently on a three-day visit to the nation, claimed that Bulgaria could be a major contributor to Europe’s military capabilities while touring Arsenal JSCo, a major manufacturer of rifles and ammunition.
Ukraine is where Europe’s security begins. Ukraine and European security are inextricably linked. We have decided to significantly increase our defence spending. According to Costa, increasing defence spending entails increasing economic and R&D capabilities.
He said that his visit to Bulgaria coincides with a pivotal moment in the nation’s history, as it prepares to enter the eurozone and join the Schengen Area. According to Bulgarian Prime Minister Rossen Jeliazkov, Sofia aims to increase defence spending as a percentage of GDP.
Spending on defence has surpassed 2% of GDP this year. By using the opportunity to trigger the provision that permits rearmament projects carried out via EU joint procurement efforts to be excluded from the budget deficit, the administration hopes to boost this spending significantly,” he stated. Many NATO members are uneasy after the Trump administration suggested that Europe was no longer the US’ top security priority. Bulgaria joined the organisation in 2004.
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