Recently released market study: Slovenia Defence & Security Report 2011

Recently published research from Business Monitor International, "Slovenia Defence & Security Report 2011", is now available at Fast Market Research
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Jan. 14, 2011 - PRLog -- Slovenia's defence spending was cut substantially in 2010, by 9.74% to US$707mn, from US$783mn in 2009, a reduction from US$383.40 per head to US$342.40 per head, according to BMI estimates. At constant prices, this represented a deep 11% cut in spending and reduction from 3.7% to 3.2% of public expenditure as the government looked to make savings from the defence budget.

While the economic recovery is expected to be slow, BMI forecasts a respectable increase in defence spending of 8.62% in 2011, to US$768mn, or US$371.0mn per head. This represents a slight increase to 3.3% of total government expenditure.

Over the next decade, we expect steady increases in defence spending, with rates of between 3.31% (2014) and 4.77% (2015) to 2019. In euro terms (Slovenia uses the single currency), growth rates will be around 5% annually, with a high of 5.4% and a low of 4.6% In constant price terms, expenditure increases will be 3% or below. We expect defence slowly to rise as a proportion of government spending over the forecast period, to 4.2% in 2019. In 2019, we expect defence expenditure to reach US$1.053mn, or US$506.50 per head.

Defence reform is ongoing and has three general objectives. Firstly, abolition of conscription; secondly a shift from a reserve-based to a professional-based force; and thirdly to move from a territorial defenceoriented force to a deployable force. The first two goals had been achieved as of late 2010, but the third will take longer to implement, as it involves fundamental changes in the way the armed forces operate, train and are equipped. There is also a new emphasis on creating a 'specialised force' that fits with Slovenia's strategic needs, the changing dynamics of world defence (with the rise of asymmetrical and border-free warfare) and the country's international commitments.

Like several countries in 'New Europe', while Slovenia is not able to contribute large numbers of troops, it is keen to keep to its international commitments and support its EU and NATO allies in deployments abroad. These commitments tend to be more about offering niche experts to overseas missions and symbolic contribution than boosting the number of boots on the ground

Over the long run, though, we hold to our view that Slovenia is among the most politically stable markets in Central and Eastern Europe. While the threat of home-grown terrorism in Slovenia is generally rather low, freedom of movement within the EU and the country's proximity to less stable countries and major drug and human trafficking routes means that it must remain vigilant of the potential for terrorists and other violent criminals to penetrate its borders.

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Report Table of Contents:

Executive Summary
SWOT Analysis
- Slovenia Security SWOT
- Slovenia Defence Industry SWOT
- Slovenia Political SWOT
- Slovenia Economic SWOT
- Slovenia Business Environment SWOT
Global Political Outlook
- Global Hotspots
- Table: Global Election Timetable, 2010 And 2011
- Latin America: More Of The Same
- Western Europe
- Central Europe
- South Eastern Europe
- Russia And The Former Soviet Union
- Middle East: Mostly The Same Old Challenges
- Sub-Saharan Africa: Definitive Elections Pending
- Asia: Accommodating A More Powerful China
- Wild Cards
Global Security Outlook
Political Risk Analysis - The Future Of NATO
Regional Security Overview
Political Overview
Security Risk Analysis
- BMI's Security Ratings
- Table: Europe Security Risk Ratings
- Table: Europe State Terrorism Vulnerability To Terrorism Index
- Slovenia's Security Risk Rating
- City Terrorism Rating
- Table: BMI's Central And Eastern Europe And Central Asia City Terrorism Index
Security Overview
- Internal Security Situation
- Latest Developments
- External Security Situation
- Relations With Croatia
- Relations With Serbia
- Relations With The EU
- Relations With The US And NATO
- Latest Developments
Armed Forces And Government Spending
- Armed Forces
- Table: Regional Armed Forces, 2006 ('000 personnel, including conscripted)
- Defence Reforms
- International Deployments
- Co-ordination And Joint Operations
- Defence Co-operation - Montenegro
- Defence Co-operation - Macedonia
Market Overview
- Table: Key Players In Slovenia's Defence Sector
- Arms Trade Overview
- Procurement Trends And Developments
- Latest Developments
Industry Forecast Scenario
- Armed Forces
- Table: Slovenia's Armed Forces, 2000-2008 ('000 personnel)
- Government Expenditure On Defence Industry
- Table: Slovenia's Defence Expenditure, 2008-2015
- Macroeconomic Forecast
- Table Slovenia - Economic Activity, 2006-2015
Company Profiles
- Fotona Defence
- Sistemska Tehnika
- Skupina KIK Kamnik
- Tovarna Vozil Maribor (TVM)
BMI Methodology
- How We Generate Our Industry Forecasts
- Defence Industry
- City Terrorism Rating
- Table: Methodology
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at

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Tags:Defence, Security, Terrorism, Armed, Relations, Nato, City, Commitments, Reform, Ratings
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