New Market Research Report: Hungary Defence & Security Report 2014
The expansion and modernisation of Hungary's military forces and hardware was hampered in 2013 by the centre-right Fidesz party government's firm commitment to reining in the budget deficit to below 3.0% of GDP in an effort to exit the EU's Excessive Deficit Procedure (EDP). With the administration of Prime Minister Viktor Orban staking a significant amount of political capital on staying out of the EDP and facing the prospect of a legislative election in the Spring of 2014, we forecast...
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