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Why Romania is a magnet for the Armoured Vehicle Industry in Europe

Why Romania is a magnet for the Armoured Vehicle Industry in Europe

Romania has been increasing defence spending with the objective of reaching 2 percent by 2017. The country increased its defence budget to $2.9 billion in 2016.

Expenditure will be focused not just on armed forces modernisation but also peacekeeping missions, joint operations and border control measures. Read more about Why Romania is a magnet for the Armoured Vehicle Industry in Europe here.

Hungarian defence leaders preparing investment programme

Hungarian defence leaders preparing investment programme

The European armoured vehicles market is now estimated to lead the world over the next ten years, and will likely account for around one third of the global requirement. Among those nations investing more readily into these platforms is Hungary, which recently announced it will increase total defence spending to 2 per cent of GDP as early as 2024. In response to this uptick in funding and development, September will see Defence IQ’s Armoured Vehicles Eastern Europe conference take place in Budapest in collaboration with the Defence Industry Association of Hungary (MVSZ). Ahead of the event, we spoke with Attila Zsitnyányi, president of the MVSZ, to discuss the exciting progress being made in his home nation...
Hungary to initiate 'Zrinyi 2026' defence plan

Hungary to initiate 'Zrinyi 2026' defence plan

Hungary's upcoming Zrínyi 2026 defence plan is a sign that the European land systems market is back on track

The European armoured vehicles market is now estimated to lead the world over the next ten years, and will likely account for around one third of the global requirement.

Among those nations investing more readily into these platforms is Hungary, which recently announced it will increase total defence spending to 2 per cent of GDP as early as 2024. 

Defence IQ spoke with Attila Zsitnyányi, president of the Defence Industry Association of Hungary, to discuss the exciting progress being made in his home nation...