Romania Defence & Security Report Q1 2015 - New Market Research Report


Fast Market Research recommends "Romania Defence & Security Report Q1 2015" from Business Monitor International, now available


[UKPRwire, Sun Dec 14 2014] Romania occupies a strategically important position in Europe. The country is flanked by the former Soviet republics of Ukraine and Moldova. It also borders Hungary to the west, the former Yugoslavia to the south east and Bulgaria to the south west. Romania is now a member of NATO.

We expect Romania to spend USD2.9bn on defence in 2014. This figure will be below the non-binding request of NATO for its members to spend a minimum of 2% of their GDP on defence annually. Romania will spend 1.7% of its GPD on defence in 2014. During 2014 reports stated that Romania may increase its defence spending in coming years as a result of Russia's involvement in Ukraine's civil war. Some members of the Romanian defence community are concerned that Russia could adopt a more regionally assertive stance towards its European neighbours. However, Romania has also pledged to slow its pace of military modernisation in a bid to lower government spending. These two goals appear to be mutually exclusive. For now, we expect Romania to increase its defence spending moderately throughout the remainder of the forecast period up to and including 2018, spending an average of USD3.8bn on defence annually.

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Romania maintains three separate armed services; the Army, Navy and Air Force. These are tasked with ensuring the territorial integrity of the country, protecting its air space and its maritime approaches. In addition, they also support out-of-area NATO, European Union and United Nations operations as and when tasked by the government to do so. Between 2001 and 2011, the numerical strength of the Romanian armed forces has averaged 164,100 annually. However, as with many ex-Warsaw Pact nations, the numerical size of the armed forces has declined in recent years as the army, air force and navy have reoriented themselves from a personnel-heavy doctrine to embracing a more technologically-focused doctrine. For example, the numerical strength of the armed forces comprised 178,900...

The Romania Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Romania Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Romanian defence and security industry.

Key Benefits

* Benchmark BMI's independent defence and security industry forecasts on Romania to test other views - a key input for successful budgetary and strategic business planning in the Romanian defence and security market.

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