Romania Defence and Security Report 2016 - Business Monitor International - Industry Reports

Romania Defence and Security Report 2016

Romania Defence and Security Report 2016 - Business Monitor International - Industry Reports
Romania Defence and Security Report 2016
Published Feb 20, 2016
31 pages — Published Feb 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Russia s aggressive stance on Ukraine, as well as its position on the Moldovan breakaway region of Transnistria, are raising security concerns in Romania. This situation, coupled with Bucharest s recent pledge to strengthen the capabilities of Romania s armed forces, will drive an increase in the country s defence spending over the coming years. ...The proposal suggests an introduction of voluntary military internships that would last for a period of six months, in a move to encourage Romanian youth to join the armed forces. On November -- ----, Airbus Helicopters Romania broke ground on its new factory in Brasov, which will be hosting the production of the H--- helicopter, from procurement stage to design and after-sales. The H--- is a new and improved version of the AS--- C-e/L-e model. The first helicopter produced in this factory is scheduled for completion in ----. On December - ----, UK Prime Minister David Cameron made his first official visit to Romania.

...In the medium term, we expect defence spending will continue to rise sharply. In ----, Romania started a modernisation programme for its armed forces that was later repeatedly stalled by economic difficulties caused by the global financial crisis. ...This process will involve new procurement in sub-segments such as ISR equipment, armoured vehicles, artillery and air defence. A substantial share of the budget that is left after operational expenses have been covered will be directed towards Romania s defence industry in the medium term, as many local companies retain manufacturing capabilities for these types of products. We expect strong growth in the defence budget through to ----, when expenditure will stand at USD-.-bn by ----. ...We expect strong growth in the defence budget through to ----, when expenditure will stand at USD-.-bn by ----. This view is primarily based upon our forecast for Romania to experience robust economic growth over the same period.

...< ALACRA META ABSTRACT>BMI View: We expect Romania s defence budget to increase, both in absolute terms and as a share of GDP, in the next five years. This growth will be driven by the rising tensions in the Black Sea region, as Russia s increasingly aggressive stance in Ukraine and Moldova is prompting Romania to speed up the process of modernisation of its armed forces. ...

  
Source:
Document ID
1749-1584
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. "Romania Defence and Security Report 2016" Feb 20, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Romania-Defence-and-Security-Report-2016-2026-192>
  
APA:
Business Monitor International - Industry Reports. (2016). Romania Defence and Security Report 2016 Feb 20, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Romania-Defence-and-Security-Report-2016-2026-192>
  
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