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Special Focus: Synopsis of First Half of 2011 |
Throughout the first half of 2011 Epicos’ Newsletter provided up-to-date information and intelligence to its readers. Intelligence for several countries of the world, international industry news, interviews of government officials and top positioned entrepreneurs provided through comprehensive articles. In this issue Epicos’ Newsletter Team republishes a selection of some of the articles that have been published throughout the first half of 2011.
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Romanian Defence Procurements under the New Security Strategy of the Country
Romanian defence doctrine has been adopted in the new tense and complex environment in which the security of each individual country, as well as that of the international community as a whole, largely depends on the ability to anticipate and to take proactive actions, rather that reacting to events. That is the reason why Romanian forces should always be in alert, ready to identify potential threats and tackle with them before creating any further unpleasant situations for the Romanian society. Additionally, it is obvious that it is equally important to be able for them to mobilize the society in order to carry out in cooperation with the armed forces national projects and find the proper way of harmonizing individual initiative with modern civic spirit. In order to achieve the aforementioned goal Romanian armed forces have to undertake a comprehensive project of modernization. For this purpose Romanian authorities allocated for the year 2009, 6,960 million new lei, while in 2000 the amount was significantly lower at 2,031million new lei.
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Special Focus: Croatia
Throughout the years Croatian authorities are trying to further modernize the national armed forces and to align them with the developments in the international scene. The fact that Croatia is a full member of NATO since April 1, 2009, has definitely helped the country develop the national armed forces as the fulfillment of obligations resulting from NATO membership put before Croatian armed forces (CAF) have redefined their missions and tasks and gave them a detailed “roadmap” for achieving the modernization developments required. Additionally, NATO membership created new obligations resulting from the necessity of creating an army compatible with the armed forces of the other NATO members. Despite this Croatian authorities cut the defence budget of the country. It is indicative that the total sum of military spending reduced in 2010 to 1,060 million US dollars in constant 2009 prices from $1,239 billion that it was in 2008. Additionally, the defence budget, as a percentage of the national Gross Domestic Product (GDP) decreased by 1.9% of GPD that was in 2008 to 1.8% in 2009 a trend that was further reinforced in 2010.
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Australian Defence Industry
Australia’s defence industry comprises an important part of the country’s wider national economic and industrial capacity. The national defence industry, including the primes and Small to Medium Enterprises (SMEs) employs around 29,000 people. SMEs account for approximately 50% of the employment in the sector. Nevertheless, about 70% of the value of defence materiel produced in Australia for the national Defence Ministry is initially sourced from eight prime contractors. In total the aforementioned companies recorded sales revenue of 3.8 million US dollars. Despite the predominant place that these eight companies have in the local industry around 30% of their work is subsequently subcontracted to smaller firms in Australia and overseas. Estimations suggest that there are over 3,000 SMEs in Australia’s defence industry.
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The New Dimension of Hungarian Procurements
Hungary was heavily hit by the global economic downturn. Declining exports, low domestic consumption and fixed asset accumulation, dampened by government austerity measures, resulted in an economic downsize which reached 6.3% in 2009. This situation was altered in 2010 when the new FIDESZ government implemented a number of socioeconomic measures that helped the country to rebound quickly. The main reason behind this was the big boost from exports, especially to Germany. Growth is expected to continue in 2011 and the first estimations are that it will reach 2.5%. Despite the aforementioned economic fluctuation Hungarian defence budget increased. In 2008 total Military expenditure of Hungary was according to SIPRI 1,868 million US dollars in constant 2008 prices whereas in 2009, reached 1,900 million US dollars.
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Epicos "Industrial Cooperation and Offset Projects"
Epicos "Industrial Cooperation and Offset Projects" provides a unique set
of online tools enabling the structure, identification and implementation
of comprehensive Offsets programs, through a searchable database.
By introducing different offset projects and ideas proposed
by local A&D industry it ensures the optimum cost for Prime
Contractors and reassures that the priorities of local industry
are fully met...
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Provision of manufacturing and assembling services for electrical and electronic parts and assemblies
A company with extensive experience in the design and manufacturing of illuminated display and control systems is proposing, in the frame of an offset program, the cooperation with Aerospace and Defense prime or lower ties companies, either locally or worldwide, for the provision of manufacturing and assembling services for electrical and electronic parts and assemblies to be used in specific A&D programs.
For Further Information Contact our ICO Department
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Manufacturing of precise and complex machined parts and components for aeronautical applications
A leading company with extensive experience in producing precision parts for the high-tech, Aviation and Space industries is proposing, in the frame of an offset program, a collaboration with Aerospace and Defense (A&D) prime or lower tier companies for the manufacturing of precise and complex machined parts and components for aeronautical applications. Either by using its existing know-how or by developing additional capabilities, the company is proposing to undertake related metallic parts subcontracting work with devotion to schedule fulfillment, high product quality and adherence to strict A&D specifications.
For Further Information Contact our ICO Department
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Contact the Editor:
Vasileios Kyriazis
e-mail: v-kyriazis@epicos.com
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Contact Epicos sales Department:
Michael Karakatsanis
e-mail: m-kay@epicos.com
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NEWSROOM |
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World economy nears new crisis, say analysts
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The world economy, whose stock markets have lost $2.5 trillion in the last few days, is nearing a fresh financial crisis and only needs the 'last straw', analysts said on Tuesday.
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Cathay Pacific reports 59% drop in first-half profit
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Cathay Pacific on Wednesday said its net profit in the first half of the year plunged 59 percent, blaming the drop largely on high fuel prices and softening demand for its economy seats.
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US asks China to explain why it needs aircraft carrier |
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The United States said Wednesday it would like China to explain why it needs an aircraft carrier amid broader US concerns about Beijing's lack of transparency over its military aims.
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Rosneft discovers new oil field in East Siberia
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Russian state-run oil major Rosneft has discovered a new oil field with estimated reserves exceeding 15 million metric tons in East Siberia, Rosneft said on Wednesday.
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Russia to borrow 5 trln rbls in 2012-2014 from modernized market-paper
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The Russian Finance Ministry will borrow some 5 trillion roubles from foreigners on the domestic market to cover bulging budget spending in 2012-2014, Kommersant business daily said on Monday quoting the ministry's Debt Policy Guidelines for 2012-2014.
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