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Now Available: Slovakia Defence & Security Report 2015

New Defense market report from Business Monitor International: "Slovakia Defence & Security Report 2015"


Boston, MA -- (SBWIRE) -- 01/28/2015 -- Mixed messages were received from the Slovak Ministry of Defence during 2014 regarding the country's defence budget for this year. Initially, the government stated it would not be increasing its defence budget over the coming years. However, in September 2014, the government then pledged to increase its defence spending to 1.6% of gross domestic product by 2020.

Following many years of underinvestment, the Slovakian armed forces look set to benefit from a raft of new procurements, which have been announced by the government in 2014. The country has expressed an interest in leasing new multirole combat aircraft, with the possible acquisition of up to 12 aircraft from 2017. Additional planned purchases include new medium-lift utility helicopters in the same timeframe, with the delivery of two new turboprop freighters in 2017, while the country's land forces are to obtain new armoured vehicles.

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We have given Slovakia an overall Security Risk Index score of 88.0 for Q1 2015. On average, the country has scored 85.0 in the index for the period November 2007 up to and including Q1 2015. We believe that Slovakia has a low risk of becoming involved in a major interstate conflict. Similarly, we note the country has a low risk of experiencing a major terrorist attack, although we judge Slovakia's risk from major criminal activity to be comparatively higher.

Regarding significant procurements announced during 2014, Slovakia is considering the replacement of its MiG-29 multirole combat aircraft. It is expected that Bratislava will lease a new MRCA in a similar fashion to the Czech Republic. Initially, Slovakia could perform an MRCA lease which would have a 15-year duration, with the first aircraft entering service in 2017. Any decision to lease up to eight fighters to equip the Slovak Air Force is expected to cost up to USD340mn. In addition to the combat aircraft requirement, Slovakia wishes to purchase new ground-based air surveillance radars and is expected to partner with...

The Slovakia 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 Slovakia Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Slovak defence and security industry.

Key Benefits

- Benchmark BMI's independent defence and security industry forecasts on Slovakia to test other views - a key input for successful budgetary and strategic business planning in the Slovak defence and security market.

- Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Asia.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).


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.

BMI industry Forecast scenario

Historic data series and forecasts to end-2019 for key industry indicators supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

- defence expenditure: Defence expenditure (local currency and USDbn); defence expenditure (% of total budget); defence expenditure per capita (USD); defence budget (local currency and USDbn).

- armed forces (to 2012): Manpower available for military service, Manpower fit for military service, Army Personnel, Navy Personnel, Air Force Personnel, Total armed forces, (?000) (% population).

- arms trade: Arms and ammunition exports and imports (USDmn); Bombs, grenades and missiles exports and imports (USDmn); Revolver and pistol exports and imports (USDmn); Military weapons excluding guns and swords exports and imports (USDmn).

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