Recently Released Market Study: Czech Republic Defence & Security Report 2013
As the Czech Republic's government remained strongly committed to its fiscal austerity drive as 2012 winds to a close, the impact of cuts could be easily seen in the country's defence spending plans. A centre-right government that has become increasingly politically precarious has turned to phased and joint procurement during the year, in a bid to circumvent tight budgetary pressure. BMI expects to see expenditure decline by 6.8% (in dollar terms) to CZK57.65bn (US$2.91bn) in 2013, following a 10.63% contraction...
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