Croatia Defence & Security Report Q4 2014 - New Study Released

BMI's Croatia Defence & Security Report examines the military and security dynamics of this Balkan nation. The report provides a comprehensive overview of the security challenges faced by Croatia now and in the future. Several facets of Croatia's defence and security posture are examined, including its defence procurement processes, military posture and strategic risks. The report posits that despite the current financial challenges faced by the country, Croatia is broadly continuing on a path of military modernisation.

We expect Croatia's defence budget to be worth USD833.4mn in 2014. For the remainder of the forecast period up to and including 2018, we expect Croatia to spend an average of USD903.9mn on defence.

Full Report Details at
- http://www.fastmr.com/prod/872604_croatia_defence_security_report_q4_2014.aspx?afid=301

Although NATO has a requirement for its member states to spend a minimum of 2% of their gross domestic product on defence annually, this requirement is non-binding. We have observed that on average, Croatia has spent 1.6% of its GDP on defence between 2010 and 2013. For 2014, we expect this figure to come in at 1.5%. By 2018 this will be 1.4%.

In BMI's Security Risk Ratings for Europe, Croatia receives a composite domestic risk score of 78, and a composite security rating of 84. Croatia maintains excellent relations with its neighbours around Europe and also in the Balkans; a stark contrast to the devastating wars in the Balkans during the 1990s. Similarly, Croatia maintains good relations with several other states around the world. Although we believe Croatia's susceptibility to terrorist action to be low, the same cannot be said regarding the country's risk from criminal activity. Croatia is used as a transit point for criminal organisations involved in people, narcotics and illegal goods trafficking. Moreover, Croatian territory is also used by criminal organisations as a base for their operations.

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

Key Benefits

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

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