Czech arms industry sees exports surge in 2014

16-05-2015

Czech arms exports rose by more than 50 percent last year compared with 2013 to total around 12 billion crowns in value, according to the Defence and Security Industry Association. The results are the best for the sector since 1994. Exports are crucial for the Czech arms industry, accounting for around 90 percent of turnover. Most of the sales are outside Europe and NATO countries. In spite of the success, Minister of Defence Martin Stropnický has said that the industry still has room to increase sales.