Lithuania came in 9th worldwide in terms of military expenditure growth last year, a Swedish institute said on Wednesday
Boxer IFV
© KAM

Defense spending grew 21 percent in Lithuania. In Europe, the Baltic state lagged only behind Romania (50 percent) and Cyprus (22 percent), according to new figures from the Stockholm International Peace Research Institute (SIPRI).

Russia's defense spending was down 20 percent last year.

Last year Lithuania reached NATO's defense spending target of 2 percent GDP. The Baltic country's defense budget stands at 873 million euros this year.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian PM to meet NATO chief over additional support

Lithuanian Prime Minister Saulius Skvernelis is to meet NATO Secretary General Jens Stoltenberg...

Seimas panel head to propose to raise intelligence body funding by EUR 4 mln - media

Vytautas Bakas , chairman of the Seimas Committee on National Security and Defense , will propose to...

Fake news on 'NATO plans to attack Belarus' planted on Lithuanian news website - media

A fake news story alleging that NATO is planning to attack Belarus was planted on Kas Vyksta Kaune...

Lithuanian troops to be decorated after Mali deployment

Lithuanian soldiers of the 1st Territorial Unit, Dainava Military District, National Defense Volunteer...

Seimas allows Lithuania to send more troops to international operations

Lithuania will be able send more troops and civilians to international operations in the next two years.