The Visegrad Group of countries, namely the Czech Republic, Hungary, Poland, and Slovakia, after joining the North Atlantic Treaty Organization (NATO) have been focusing on modernisation and replacement of Soviet-era weapons and defence equipment to meet NATO interoperability criteria.
The global economic downturn and limited defence expenditure have slowed down this process.
Nevertheless, thanks to Polish procurement programmes and Ukraine’s ambitious Navy plans, the defence industry in the Central & Eastern Europe (CEE) region should remain secure, with a slight growth in expected expenditure from 17.5 billion USD in 2011 to 17.9 billion USD in 2020.
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