New Market Research Report: Serbia Defence & Security Report 2014
Despite BMI's forecast for Serbia to see modest economic growth in the medium-term period, increased austerity measures could hit defence spending. The Serbian military is still adjusting to the end of conscription in 2011 and domestic arms and ammunition producers have strong portfolios to supply the country's police and armed forces. Nevertheless, the defence sector is slowly overcoming infrastructural damage caused by past conflict with NATO and is renewing trade ties damaged by international sanctions. A November 2013, 15-year military...
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