New Market Report: Romania Defence & Security Report Q3 2014
We expect Romania to spend US$2.9bn on defence in 2014. This is an increase on the US$2.7 the defence budget was worth in 2013. In early May 2014, the Romanian government announced that spending increases were necessary as a reaction to the deteriorating security situation in Ukraine. That country has become increasingly unstable since its revolution in Spring 2014 prompted Russia to annex Crimea and covertly support a pro-Moscow uprising in the east of the country.
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