BMI View: We expect Slovakia's defence budget to start rising again - albeit modestly - in 2016, after a
period of decline following the global financial crisis. This slight increase will be driven by the need to
modernise the Slovak armed forces in order to comply wi ..."
Mixed messages were received from the Slovak Ministry of Defence during 2014 regarding the country's
defence budget for this year. Initially, the government stated it would not be increasing its defence budget
over the coming years. However, in September 2014, the gov ..."
BMI expects to see defence spending in Slovakia in 2013 to increase 7.5% over 2012 levels, to some US
$1,089mn. This constitutes 1.1% of GDP.
NATO members are theoretically required to allocate at least 2% of GDP to defence purposes, but, Slovakia
looks set to m ..."
Slovakia's government changed hands in March 2012 and, with it, the chances for a concerted effort to
modernise the country's aging military diminished. The Smer-SD, the country's leftist party, won a
resounding victory against right-wing parties tainted by corruption and incom ..."