• 2025.10.26 (Sun)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Distribution Economy

Czech Republic to Boost Defense Spending to 3% of GDP by 2030

Desk / Updated : 2025-03-10 17:12:51
  • -
  • +
  • Print

Prague, Czech Republic – In a decisive move to bolster national security amid rising global instability, the Czech government has approved a plan to gradually increase defense spending to 3% of its Gross Domestic Product (GDP) by 2030. The decision, announced on March 5th, aims to modernize and strengthen the Czech Armed Forces, aligning with NATO commitments and addressing the deteriorating security landscape in Europe.

The Ministry of Defence's strategic plan outlines a phased approach, with a consistent annual increase of 0.2% of GDP over the next five years. For 2025, defense expenditure will remain at 2% of GDP, totaling CZK 154.4 billion (approximately €6.1 billion), supplemented by an additional CZK 6.4 billion (approximately €250 million) from other ministerial budgets.

Defense Minister Jana Černochová emphasized the necessity of exceeding NATO's minimum 2% GDP defense spending target, citing the rapidly evolving security environment. "Europe's security situation is deteriorating, and the Czech Republic must enhance its military capabilities," she stated, underscoring the urgency of the government's decision.

The increased investment will enable the Czech Republic to meet its NATO collective defense obligations, focusing on critical capability improvements in land forces, air defense, command and control systems, and logistics. It will also ensure the country's ability to provide effective Host Nation Support (HNS) for allied forces deployed on Czech territory.

A significant driver of the increased spending is the need to finance ongoing military modernization programs. The Czech government has already committed to acquiring advanced military equipment, including F-35A fighter jets, CV90 infantry fighting vehicles, and Embraer C-390 transport aircraft. Future procurement plans include the acquisition of Leopard 2A8 main battle tanks.

Prime Minister Petr Fiala highlighted the strategic importance of the decision, asserting that Europe is experiencing profound geopolitical shifts and escalating threats. "Strong defense investment is essential for national security, not only in terms of military readiness but also as an economic opportunity for innovation and industry," he stated.

The government's commitment to increased defense spending reflects its proactive approach to safeguarding national interests and contributing to regional stability in an increasingly uncertain world.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Desk
Desk

Popular articles

  • Korean Gold Rush Overheats as 'Kimchi Premium' Hits Dangerous Levels

  • KOSPI Sensitive to Global Headwinds Ahead of Holiday Break

  • Starbucks Initiates $1 Billion North American Overhaul Amidst Performance Woes

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065600724748133 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery
  • South Korea to Launch Government-Led AI Certification to Combat Market Confusion
  • South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
  • Hwangnam-ppang: Gyeongju's 85-Year-Old Secret to Sweet Success
  • Kia Inaugurates New CKD Plant in Kazakhstan, Accelerating Global Supply Chain Diversification
  • Korean Expatriates in Cambodia Face Economic Crisis and Anti-Korean Sentiment Amid Crime Wave

Most Viewed

1
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
2
Gyeongju International Marathon Elevated to 'Elite Label' Status, Welcomes Record 15,000 Runners  
3
South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
4
Deadly Clan Clashes Erupt in Gaza as Israeli Forces Withdraw
5
Global Chip War Intensifies: Micron Woos Korean Engineers with Lucrative Offers, Up to 200 Million KRW Salary
광고문의
임시1
임시3
임시2

Hot Issue

Minister Choi Hwiyoung Vows 'One-Strike Out' Policy Amidst Surge in Abuse Reports

ROK President Lee Faces Major Diplomatic Test with APEC Super Week

Chinese Researchers Unveil Ultra-Fast Analog Chip, Targeting 1,000x Nvidia Speed

Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE