Bulgaria Defence and Security Report 2015
BMI View: We expect Bulgaria's defence budget to continue decreasing in absolute terms for the next twoyears, as the economy continues to struggle to recover from the global financial crisis. Although spendingwill increase again starting in 2017, the share of defence spending as part of the GDP will continue todecrease and government efforts to develop the domestic industry will take a long time to bear some fruits.
As such, the number of opportunities for national and international companies seeking to enter theBulgarian defence market will remain limited in the next five years.
In 2009, the Bulgarian Defence White Paper recognised the failure of the government to respond to thepriorities set up by the first White Paper published in 2002, and elaborated a strategy to improve both thestate of the domestic defence sector and the efficiency of the armed forces. More specifically, the WhitePaper acknowledged that whilst the domestic defence sector could provide for the armed forces needs intechnologies and ammunitions, it was significantly lagging behind in its ability to provide the capabilitiesnecessary for the modernisation of the armed forces. The armed forces, it argued, had for too long provedtoo expensive to the government, showing however little efficiency and effectiveness.
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