Search This Blog

Thursday, October 13, 2011

Defence Industry to Benefit from Promising Polish and Ukrainian Markets

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.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.