KYIV. March 11th. UNN. Cyprus will allocate 2% of gross domestic product to defense spending, as other EU member states do, to strengthen its foreign policy position, reports UNN with reference to Apnews.
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“I was also the minister of foreign affairs and I know that without strong deterrence, without strong protection, your right to vote in matters of foreign policy is clearly limited,” Christodoulidis said.
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According to official data, the GDP of Cyprus in 2022 was estimated at 27 billion euros. The target of 2% of GDP means a small increase in current spending on the Cypriot military.
The decision also reflects a commitment by NATO members to spend 2 percent of their GDP on defense spending, although Christodoulides has said he has no current intention to apply for membership in the military alliance.
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