New Market Report: Bulgaria Defence & Security Report Q3 2014
BMI predicts that Bulgaria will spend USD618.4mn on defence in 2014. This is a reduction from the USD635.4mn that it spent in 2013. Although the years 2010-2013 showed a reduction in defence spending in Bulgaria, we expect spending to gradually increase up to 2018. We believe that Bulgaria will spend USD667mn annually on average between 2015 and 2018.
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