Fast Market Research recommends "Belarus Defence & Security Report 2016" from Business Monitor International, now available
[ClickPress, Mon Oct 26 2015] Throughout 2015 we expect Belarus to continue to align its security and economy with Russia, even though the former has begun deepening its diplomatic links with Western Europe. That said, the two countries are currently embroiled in a dispute over the break-up and a joint venture in the potash industry, although this seems to be having little effect regarding the two countries' diplomatic relationship.
In 2014 we expect Belarus to spend USD821.9mn on defence. The country's year-on-year (y-o-y) defence expenditure is set to increase markedly during our forecast period. In terms of percentage of gross domestic product, Belarus has spent an average of 1.3% of its GDP on defence up to and including 2014. We expect this proportion of defence expenditure to remain until 2019.
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We have given Belarus an overall security risk rating of 76 out of 100 for Q115, with the country scoring an average overall security risk rating at the same level between November 2007 to Q115. We believe that Belarus has a moderate chance of becoming involved in a major interstate conflict. That said, we judge the country's risk of experiencing a major terrorist attack to be low, although the country does face a moderate risk of experiencing high levels of criminal activity.
In 2014 it was reported that Belarus would be deepening its defence relationship with Pakistan. To this end, a delegation from Pakistan visited the MILEX-2014 defence exhibition in Belarus. It is possible that the two countries may choose to collaborate regarding the establishment of joint maintenance, repair and overhaul facilities. Moreover, in 2014 both Belarus and Turkmenistan stated their desire to begin the joint production of Unmanned Aerial Vehicles. Belarus is expected to provide know-how for the initiative, with production of the UAVs being performed in Turkmenistan. As regards procurement, in July 2014 it was reported that Belarus will receive four S-300 surface-to-air missile systems from Russia.
The Belarus Defence & Security Report features BMI Research'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 Belarus Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Belarusian defence and security industry.
* Benchmark BMI's independent defence and security industry forecasts on Belarus to test other views - a key input for successful budgetary and strategic business planning in the Belarusian defence and security market.
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