New Market Research Report: Croatia Defence & Security Report Q1 2011

Jan. 2, 2011 - PRLog -- The long process towards EU accession remains one of the main determinants in Croatia's defence industry for the long term. While the exact date is uncertain, the country looks set to join within the next four years. As such, the outlook for defence contractors is positive. With a wider market and likely increases in government spending, the defence industry stands to see positive growth - but only if the country can resolve several of the stumbling blocks that have delayed EU accession to date such as widespread corruption, judicial reform and the privatisation of loss-making shipyards.

The opening of the final three chapters of Croatia's negotiation process for entry to the EU on June 30 2010 supports our view that the country will enter the EU in the next few years. However, despite positive noises from Zagreb that this could be achieved by 2012, we hold to our core view that Croatia will join the EU in 2013. Indeed, although most chapters are on track, we see the potential for bottlenecks to emerge - which makes 2012 an unrealistic target.

Leading indicator data supports our view that the Croatian economy will only post anaemic 0.5% real GDP growth for 2010. Fixed capital formation and private demand look particularly weak at this juncture, with elevated government spending set to be the main factor keeping growth positive. 2011 should be better, with a firmer bounce in household consumption forecast to drag headline growth up to 2.3%.

The strategic framework published by the Ministry of Defence and the Croatian Armed Forces in early 2010 gave outlines for projects for modernising the armed forces and drawing upon the domestic military industry. NATO-style structuralisation of forces and capabilities is high on the agenda as is a gradual reduction of troop numbers from the peaks reached during war-time. What has caused some delay is a lack of willingness to cut jobs in a government area - when the economic situation and unemployment make it politically unpopular.

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Report Table of Contents:

Executive Summary
SWOT Analysis
- Croatia Security SWOT
- Croatia Defence Industry SWOT
- Croatia Political SWOT
- Croatia Economic SWOT
- Croatia 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
Political Risk Analysis
Security Risk Ratings
- BMI's Security Ratings
- Table: Europe Security Risk Ratings
- Table: Europe State Terrorism Vulnerability To Terrorism Index
- Croatia's Security Risk Ratings
- City Terrorism Rating
- Table: BMI's Central And Eastern Europe And Central Asia City Terrorism Index
Political Overview
- Domestic Politics
Security Overview
- Internal Threats
- Small Arms And Light Weapons Proliferation
- External Security Situation
Armed Forces And Government Spending
- Armed Forces
- Table: Regional Armed Forces, 2007 (Including conscripted, '000)
- International Deployments And Joint Exercises
- Table: Croatia's Deployments
- Weapons Of Mass Destruction
Market Overview
- Recent Changes
- Arms Trade Overview
- Industry Trends And Developments
- Procurement Trends And Developments
- Competitive Landscape
- Table: Key Players In Croatia's Defence Sector
Industry Forecast Scenario
- Table: Croatia's Armed Forces, 2000 - 2008 ('000 personnel, unless otherwise stated)
- Table: Croatia's Defence Expenditure, 2008-2015
- Key Risks To BMI's Forecast Scenario
- Macroeconomic Outlook
- Table: Croatia - Economic Activity, 2007-2015
Company Profiles
- Duro Dakovic
- Elmech Razvoj
- Kraljevica Shipyard
- Raytheon
- RIZ-Transmitters
Country Snapshot: Croatia Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2000-2003
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 1999-2004
- Table: Consumer Expenditure, 2000-2010 (US$)
- Table: Average Annual Wages, 2000-2010
BMI Methodology
- How We Generate Our Industry Forecasts
- Defence Industry
- City Terrorism Rating
- Table: Methodology
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.