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

Serbia Defence and Security Report 2016

Serbia Defence and Security Report 2016 - Business Monitor International - Industry Reports
Serbia Defence and Security Report 2016
Published Feb 20, 2016
47 pages — Published Feb 20, 2016
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Abstract:

Serbia s Yugoimport displayed a range of new defence products at the Partner ---- exhibition in Belgrade, including the Sova light attack/trainer aircraft; the BR-VZ ---mm M-- air-to-surface unguided rocket; the Premax -- fast patrol boat; the PR--- ground surveillance radar; and the ALAS-C missile, jointly developed with the UAE s EARTH. The defence ministry announced in Q--- that both the LRSVM Morava multiple rocket launcher and the Lazar II -x- multipurpose armoured vehicle would be entering serial production in ----. ...The defence ministry announced in Q--- that both the LRSVM Morava multiple rocket launcher and the Lazar II -x- multipurpose armoured vehicle would be entering serial production in ----. In March ----, the government presented a new draft law on production and trade of defence equipment, which included modifications that could allow foreign entities to hold majority-stakes in domestic defence firms. No further updates on the law have since been made official. ...Gasic also reportedly told Russian state-linked news agency Sputnik that he was in the final stages of negotiations on the purchase of another two helicopters from Germany. In December ----, a delegation from Russian Helicopters met with the Serbian defence ministry to discuss the possibility of establishing a regional maintenance centre for the company s helicopters in

...The size of Serbia s defence budget is similar to those of neighbouring Croatia, Bulgaria and Hungary, but modest in comparison to Western European states. Serbian military expenditure has grown in RSD terms over the past five years, reflecting persistent security risks emanating from tensions between Belgrade and other governments in the region, as well as the activities of southern separatist groups. ...Defence spending growth slowed in ----, amid Prime Minister Alexandar Vucic s austerity measures, implemented in order to secure a Stand-By Arrangement from the IMF. The government is continuing its fiscal consolidation programme and structural reforms into ----, and as such, the military budget will not be expanded significantly, despite an urgent need to replace much of the Serbian Armed Forces (SAF) s ageing equipment. Indeed, we forecast Serbian defence spending to come in at USD---.-mn for ---- - a minimal increase from an estimated USD---.-mn in ----. ...Indeed, we forecast Serbian defence spending to come in at USD---.-mn for ---- - a minimal increase from an estimated USD---.-mn in ----. That being said, the fact that the defence ministry has been left with enough funding to maintain the current size and strength of the SAF, indicates the importance that Belgrade continues to attach to the country s military power, even under difficult economic conditions.

...< ALACRA META ABSTRACT>BMI View: Serbian defence spending will remain modest in ----, amid the government s ongoing fiscal consolidation programme. Despite the armed forces requirements to replace much of its ageing equipment - particularly in the aerospace segment - new procurement will therefore be limited. ...

  
Source:
Document ID
1749-1614
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. "Serbia Defence and Security Report 2016" Feb 20, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Serbia-Defence-and-Security-Report-2016-2026-661>
  
APA:
Business Monitor International - Industry Reports. (2016). Serbia Defence and Security Report 2016 Feb 20, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Serbia-Defence-and-Security-Report-2016-2026-661>
  
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