Czech Republic Defence and Security Report 2016 - Business Monitor International - Industry Reports

Czech Republic Defence and Security Report 2016

Czech Republic Defence and Security Report 2016 - Business Monitor International - Industry Reports
Czech Republic Defence and Security Report 2016
Published Jan 30, 2016
30 pages — Published Jan 30, 2016
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Abstract:

< ALACRA META ABSTRACT>BMI View: We expect the Czech Republic s defence budget to start increasing again in absolute terms in the next five years. This is in large part a result of the healthy growth the country has been experiencing since the beginning of ----. ...These had actually been decreasing in the past two decades, and had drastically done so since conscription was abolished in ----. Facing a decreasing number of manpower available for military service, the Czech government remains unsure if it will be able to increase the number of troops as it wishes, from the current --,--- to --,--- by ----; as such the Defence Ministry is currently drafting a bill that would reinstate conscription, and should this bill pass, the first call for conscripts would take place in ----, concerning all men and women above the age of --. With an increasing regional threat, increasing troop numbers and ageing materiel and capabilities, the Czech Ministry of Defence (MoD) has announced in its Long- term perspective for defence - ---- that it would seek to modernise and increase the equipment and capabilities available to its armed forces. ...With an increasing regional threat, increasing troop numbers and ageing materiel and capabilities, the Czech Ministry of Defence (MoD) has announced in its Long- term perspective for defence - ---- that it would seek to modernise and increase the equipment and capabilities available to its armed forces.

...In the medium term we expect that defence spending will continue to rise. This will be driven by the strategic defence goals outlined in the Long-term perspective for defence - ---- document, which puts significant emphasis on the importance of increasing the country s armed forces role, capabilities and equipment. ...As a result, we expect a steady growth through till ----, with spending increasing to USD-.-bn in ---- and reaching USD-.-bn by ----. Over the long term, as the Czech Republic continues to put significant efforts in the development of its domestic defence sector, we expect the steady increase in defence spending will continue in line with the country s strategic defence and security objectives. This will lead to a steady y-o-y increase of -.- in ---- and ----, resulting in a defence budget of USD-.-bn in ----. ...Over the long term, as the Czech Republic continues to put significant efforts in the development of its domestic defence sector, we expect the steady increase in defence spending will continue in line with the country s strategic defence and security objectives. This will lead to a steady y-o-y increase of -.- in ---- and ----, resulting in a defence budget of USD-.-bn in ----.

...In the past few years, the Czech Republic has been concentrating a lot of its efforts in promoting economic recovery in the aftermath of the global financial crisis. As a result, defence spending has been significantly and constantly reduced since ----, partly also reflecting the reduction in the number of personnel in the armed forces. ...

  
Source:
Document ID
1749-1363
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Czech Republic Defence and Security Report 2016" Jan 30, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Defence-and-Security-Report-2016-2026-657>
  
APA:
Business Monitor International - Industry Reports. (2016). Czech Republic Defence and Security Report 2016 Jan 30, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Defence-and-Security-Report-2016-2026-657>
  
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