Eastern European countries’ exports of weapons increase. Not Romania’s ones

de Adrian N Ionescu | 17.9.2017 .

Producers of bullets, assault weapons, and rockets from former communist countries in Eastern Europe saw a significant increase in orders following the conflicts in the Middle East. They sold weapons either directly to states in the region or they also signed agreements with the US and other third parties, according to Bloomberg.

The largest exporter among the countries under review is Bulgaria, which has also recorded the highest growth in the last two years to more than one billion euros. Romania has the lowest exports of weapons, below EUR 200 million in the region. Hungary and Poland are not included in the analysis.

The increase in sales of weapons in the Middle East seems to coincide with the expansion of the armed conflict in the region. Even though the worst has passed, a level of conflict, even a low one, will persist for a while. Therefore, the demand for weapons will remain sustained,” said Lucas Dos Santos, Head of the BMI Research Country Risk Department.

Eastern European countries have outpaced the global growth rate of military equipment sales (+ 8.4% between 2012 and 2016), according to the estimates of the Stockholm International Peace Research Institute (SIPRI).

Despite the increase in recent years, exports of weapons from former Moscow satellite countries are far behind the exports from Russia, the world second largest exporter after the US.

Last year, Russia exported weapons worth USD 15 billion and recently signed an agreement to provide Turkey with air defence systems, a contract worth USD 2.5 billion

Former communist states in Eastern Europe are still part of the weapons supply chains dating from the times of the former USSR, whose clients also include the governments of the Middle East.

Publicat la data de 17.9.2017 .

Lasa un comentariu


SIMILAR ARTICLES

Adrian N Ionescu

Ministry of Finance has sold euro bonds worth one billion euros on foreign market

The Ministry of Finance (MFP) placed euro bonds worth EUR 1 billion on the foreign market by reopening the issue with the maturity of 10 years launched in April this year The issue has been placed with a 2375% coupon at a yield of 2,114%, lower than the one of the initial issue in April (2411%), following "the decrease of the related margin of Romania’s credit risk to the lowest level for ...
Read more »

Adrian N Ionescu

European Commission’s announcement to Government and Parliament: Gas transactions market cannot be monopolized by OPCOM

Romania risks the infringement procedure if the Parliament adopts definitive amendments to the Emergency Ordinance 64/2017 on the natural gas market, which provides for the trading of 70% of its volume only on the state-controlled OPCOM market The punishable amendments, recently approved by the Chamber of Deputies' Committee for Industries, could violate the fundamental freedoms laid down in ...
Read more »

Adrian N Ionescu

Ford launches production of EcoSport in Craiova. Total investment in Romania reaches over EUR 1.2 billion

Ford officially launched the production of the EcoSport SUV at the plant in Craiova, raising total investments in Romania to about EUR 12 billion, since the takeover of the factory in 2008 The number of employees will increase by nearly 1,700 to 4,300 people by the end of the year, exceeding for the first time the number of employees in the moment of the takeover Ford plant in Craiova will ...
Read more »

Adrian N Ionescu

ANAF has repealed procedure for cancellation of VAT code for inactive companies

An order by the ANAF President amends the regulations for cancelling the registration for VAT purposes, respectively repeals the procedure for the cancellation of the VAT code for the inactive companies The provisions in question are included in OpANAF 2899/2017 on approving the procedure for the ex-officio change of the VAT related tax vector, as well as the template and content of some ...
Read more »

Adrian N Ionescu

Investment of the poor: MFP sells one-lei treasury bonds to population and money will be blocked until maturity

The Ministry of Public Finance (MFP) wants to raise money to the budget, leu by leu and says that treasury bills, whose issues have already been announced, will have a nominal value of 1 RON The amount is a real premiere The financial instruments will be issued quarterly, on short terms, through the State Treasury's operating units, and will not be listed on the stock exchange, which means ...
Read more »

MAINS

Prime Minister Grindeanu about 2017 budget: 5.2% economic growth, 815 billion lei GDP, 253 billion revenues

Prime Minister Sorin Grindeanu said on Sunday evening on Romania TV that the budget deficit in 2017 will fall within the set target of 3%, ... Read more

Back to the lesson of 2008-2014! Essential viewpoints about the type of growth we choose

The National Institute of Statistics announced the final value of GDP for 2014 at 668,143.6 million lei, in current prices, representing a growth rate of ... Read more

Trade deficit in 2016 is close to 10 billion euros, driven by imports of chemicals, fuel and food

The trade deficit in the first eight months of this year was EUR 6,133.8 million, about 28% higher than the same period of the last ... Read more

”Digital-Schweitzer” Romania: IT specialists explain why citizen is stuck between super computerized institutions

Ciolos government promised a revolution in reducing state bureaucracy, official emphasis being put on digitization and electronic communication, institutions being required to be transparent. This ... Read more