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.
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...