Evaluation of the Romanian Defense Industry

Abstract

The main aim of this article is to carry out a comprehensive evaluation of the Romanian Defense Industry and to identify the main solutions for the development of this strategic sector, as well as to identify the most attractive markets in terms of economic viability and investments made in defense sector. To give scientific consistency to the article, the analysis will focus on Romania's situation, to identify the main markets that are attractive to the domestic industry, as well as setting up recommendations for Romanian companies and responsible authorities to develop this strategic domain.

The data used in the article is retrieved from the Stockholm International for Peace Research Institute (SIPRI) – www.sipri.org, an independent organization that collects data and information on the defense industry from various states and provides relevant analyses on international arms market developments. Data on exports of military products made by Romania are collected from the website of the ANCEX Control Department under the Ministry of Foreign Affairs (www.ancex.ro). Also, all data used in this material are reported in 2019, the last year available with relevant data regarding defense industry from open sources.