Romania Defence & Security Report Q2 2014 - New Study Released
Romania's annual defence budget has historically maintained an average level of USD2.2bn between the years 2010 and 2017. BMI expects Romania's annual defence budget to be worth an estimated USD2bn in 2014. There is undoubtedly a need for defence spending to increase in Romania, given that the country's armed forces are in serious need of modernisation, in order to replace obsolete equipment which the country obtained during the Cold War.
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