The country’s total exports are similar to the level of exports registered by weapons and ammunition company Romarm in 2014, at $86 million.
In the first half of 2015, a higher number of companies in the defense sector posted a positive operating profit while others reduced debts, on the backdrop of the government decision to write off 1.1 billion lei worth of debts of the companies in the defense sector.
The Economy Ministry, which majority owns most of the companies in the local defense sector, aims to adjust the defense sector to the requirements of the “new security environment” and to the “users” and is looking to cooperate more with the countries in the Euro-Atlantic, European and Middle East sector.
Thus, Economy Ministry’s representatives had several meetings in 2015 with companies in the defense sector in Germany, England, USA, as well as Turkey or Brazil.
(English version by Manuela Panescu)