DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/3996cf/bulgaria_defence_a) has announced the addition of the "Bulgaria Defence and Security Report Q1 2012" report to their offering.
In October 2011 it does not appear that the security issues - or the overall situation of Bulgaria's defence industry - have changed significantly from the previous quarter. The country faces no obvious threat from inter-state aggression and very limited threat from non-state terrorists. However, BMI's Security Rating with respect to criminal risk is one of the lowest in Europe. In part because of its geographic location, with easy access to Eastern Europe and the Middle East and mainly because of low levels of governance, Bulgaria is a hub for organised crime and illegal trafficking of drugs, arms and people. This will not be affected by the outcome of the presidential election that is due to take place in October, or by the (likely slow) growth of the economy.
On the one hand, the defence White Paper which was approved by Bulgaria's parliament last year envisages a reduction in size in the country's defence establishment, together with a wholesale reorganisation and modernisation so that all three armed services are inter-operable with their counterparts in other NATO countries. On the other, the defence industry consists mainly of small companies providing small arms and light weapons - and/or a surprising array of (relatively low technology) civilian products to (overwhelmingly) foreign customers. In theory, the Defence Ministry will involve the indigenous producers in the modernisation of Bulgaria's armed forces. In reality, it remains to be seen how they will be involved.
Companies Mentioned:
- Arcus
- Arsenal
For more information visit http://www.researchandmarkets.com/research/3996cf/bulgaria_defence_a