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Bulgaria Defence and Security Report 2015

Bulgaria Defence and Security Report 2015

BMI View: We expect Bulgaria's defence budget to continue decreasing in absolute terms for the next twoyears, as the economy continues to struggle to recover from the global financial crisis. Although spendingwill increase again starting in 2017, the share of defence spending as part of the GDP will continue todecrease and government efforts to develop the domestic industry will take a long time to bear some fruits.

As such, the number of opportunities for national and international companies seeking to enter theBulgarian defence market will remain limited in the next five years.

In 2009, the Bulgarian Defence White Paper recognised the failure of the government to respond to thepriorities set up by the first White Paper published in 2002, and elaborated a strategy to improve both thestate of the domestic defence sector and the efficiency of the armed forces. More specifically, the WhitePaper acknowledged that whilst the domestic defence sector could provide for the armed forces needs intechnologies and ammunitions, it was significantly lagging behind in its ability to provide the capabilitiesnecessary for the modernisation of the armed forces. The armed forces, it argued, had for too long provedtoo expensive to the government, showing however little efficiency and effectiveness.


BMI Industry View
SWOT
Bulgaria SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (Bulgaria 2012-2019)
Armed Forces
Table: Armed Forces Personnel (Bulgaria 2005-2012)
Table: Manpower Available For Military Service (Bulgaria 2012-2019)
Defence Trade
Exports
Imports
Macroeconomic Forecasts
Economic Analysis
Table: Real GDP Growth %
Table: GDP Contribution To Growth (Bulgaria 2012-2020)
Industry Risk Reward Index
Bulgaria Defence Risk Index
Table: Europe Defence Risk Index
Rewards
Risks
Market Overview
Defence Market Overview
Table: Bulgaria International Deployments
Domestic Defence Sector
Domestic market
Defence Agreements
Table: Bulgaria Defence Agreements
Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons Of Mass Destruction
Company Profile
Arcus
Arsenal
NITI-SHC
Samel-90
Vazovski Mashinostroitelni Zavodi (VMZ) AD
Regional Overview
Europe Security Overview - Q4 2015
Global Industry Overview
Political Risk Analysis
Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Defence Risk/Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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