HomeEUBulgaria aims to raise defence spending to 5% of GDP, PM Radev...

Bulgaria aims to raise defence spending to 5% of GDP, PM Radev says

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SOFIA, May 28 (Reuters) - Bulgaria ‌is keen to respect its commitment to NATO and increase its ​defence spending to 5% of its gross domestic product, Prime Minister Rumen Radev said on Thursday.

Previously ⁠president of Bulgaria, Radev resigned from that role ahead of parliamentary elections in April, which he won with a landslide.

Despite some pro-Russian remarks during the campaign, since ​winning he has said he is willing to follow a European path.

He did not specify when ‌Bulgaria would achieve the 5% target, which U.S. President Donald Trump has demanded.

"We have reached the 2% threshold. We are determined to take the next step by gradually ⁠increasing our budget to 5% to meet our defence commitment," Bulgarian ⁠National Radio quoted Radev as telling NATO Secretary General Mark Rutte in a meeting in Brussels.

Rutte said on X after the meeting that stepping up defence spending and production was a "top priority" for an upcoming NATO summit. The summit will be ‌hosted in Ankara on July 7-8.

Radev is also due to meet the European ⁠Commission's head Ursula von der Leyen on Thursday.

European Union ‌foreign ministers, meanwhile, are meeting informally in Cyprus on ​Thursday to discuss their strategy as Kyiv pushes for more European help to end the more-than-four-year war with Russia as the United States has shifted its ‌focus to its conflict with Iran.

Speaking to reporters before meeting ​French President Emmanuel Macron on ⁠Wednesday in Paris, Radev said he backed Europe leading peace talks ‌between Ukraine and Russia, but he also ⁠said Europe needed to invest in defence capability.

"What personally concerns me is Europe’s ambition to achieve a conventional victory over the largest nuclear power without having the capability ​to intercept and counter modern ‌hypersonic weapons,” he said. 

"This is a serious risk. There must be a complete change ⁠in Europe’s overall policy regarding the conflict ​in Ukraine."

(Reporting by Alex Lefkowitz; additional reporting by Makini Brice; Writing by ​Angeliki Koutantou; editing by Barbara Lewis)

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