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Slovenia Defence and Security Report 2009
Market |
Defence |
Report Type |
Market Research |
Country |
Slovenia |
Published |
19 March 2009 |
Number of Pages |
48 |
Download |
|
Immediate |
|
Publisher |
Business Monitor International |
Slovenia has made great progress during the 16 years since its declaration of independence. Politically, it is relatively stable, a position confirmed by the uneventful election of a new centre-left president, Danilo Turk, in November 2007. The centre-right administration of Prime Minister Janez Jansa faces parliamentary elections late in 2008. Economically, Slovenia has bettered the performance of any other former Yugoslav state and joined the eurozone at the beginning of 2007. It has stable relations with most of its neighbours and is driving to improve relations with the US and Western Europe.
The Slovene military is currently in a period of transition as it adapts to its membership of the NATO alliance. Its small armed forces are embarked upon a process of professionalization, although restrictions on the defence budget are hindering the modernisation programme. Slovenia is taking measures to increase the international deployments of its armed forces and will contribute to NATO rapid response forces and European battle groups, although public opposition to the Iraq war has led to a cautious approach to the US-led ‘war on terrorism’.
Although the defence industry has stabilised from what appeared to be a terminal free-fall, it needs to seek export markets rapidly. Multinational investment remains a distant hope but the reliance of the majority of companies on civilian products should see their survival, albeit perhaps without their defence product services. A long-term trend of increased military expenditure is expected, in order to meet NATO force modernisation requirements. The arms trade within Slovenia is minuscule, with imports rarely rising above 0.5% of total imports and exports barely registering for most years. This situation is unlikely to change for the most part, although accession to NATO may encourage purchases of minor equipment in order to bring the military into line with the rest of the pact’s forces in communications and air defence.
Exports are expected to rise marginally as Slovene companies aggressively market their goods.
Slovenia’s stability stems from its membership of NATO and the EU which create something of a political, economic and security buffer to any threats to state sovereignty. Slovenia is building up relations with its partners from multinational organisations but these organisations are placing restrictions on its fiscal policies, especially with regard to its military expenditure. In the wake of these restrictions, Slovenia is struggling to modernise its small armed forces.
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