(MENAFNEditorial)
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 164100 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 178900...
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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Coverage
Global and Regional Political Outlooks
A strategic overview of the world's major political risks identifying countries facing leadership successions and nations at risk of upheaval inter-state conflict or separatism and insurgencies plus a summary of the world's 'wild card' low-probability high-impact risks.
SWOT Analysis
Snapshot evaluation of the major issues affecting the defence and security sectors economy and politics with issues subdivided into 'Strengths' 'Weaknesses' 'Opportunities' and 'Threats'.
Political Risk Assessment
Drawing on BMI's heritage of more than 25 years of Country Risk analysis this comprehensively evaluates the key risks to domestic politics and foreign relations focusing on issues most likely to affect either domestic security or the defence sector.
Security Risk Analysis
BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict terrorism and criminal risk backed up by our analyst's latest assessment of each component. Furthermore drawing on our country risk expertise we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.
Armed Forces Spending/Expenditure
The reports contain a detailed breakdown of areas of expenditure by the armed forces these include spending on international deployments WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.
Domestic Security Overview
The domestic security overview lists the various potential internal security threats facing a country ranging from internal security issues such as terrorism cyber terrorism crime and drugs to external security issues including general defence procedures and potential threats from specific countries.
BMI Industry Forecast Scenario
Historic data series and forecasts to end-2018 for key industry indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast.
Budgets & Expenditure: Defence expenditure (local currency and US$bn); defence expenditure (% of total budget); defence expenditure (% of GDP); defence expenditure per capita US$; defence budget (local currency and US$bn).
Employment: Employment in arms production (`000s); employment in arms production (% of labour force).
Macroeconomic: BMI's forecasts and analysis of all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Company Profiles
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