On 21 December 2023, the Bulgarian Parliament approved the State Budget of the Republic of Bulgaria for 2024 and the updated medium-term budget forecast (MBF) for 2024-2026. The Act provides an increase of the defense spending for 2024 amounting to 2.05% of GDP, with 2.00% of GDP calculated in 2025, and 2026 – 2.23% of GDP.
Spending covers mainly the priority Investment Projects for the modernization of the Bulgarian Armed Forces published at Why to exhibit at “Hemus 2024” – INTERNATIONAL EXHIBITION “HEMUS” – DEFENSE, ANTITERRORISM, SECURITY.
Additionally, Bulgaria has recently started to get a lot of attention from the international defence industry due to press coverage of a proposed €6BN billion investment in NATO infrastructure and general rearmament of the nation’s armed forces.
Due to the above, the Hemus 2024 Exhibition enjoys growing interest from a broader audience who see an opportunity in Bulgaria.
