Poland - Arms Exports

Federal Reserve   Credit Risk   NASDAQ   Annuity   Common Stock   Securitization   Income Funds   Growth Funds   

A possible solution to the critical condition of Poland's arms industry is increased exports. A 1992 study rated Poland twentieth in world arms exports in the period 1985-91, with an estimated total export value of more than US$1.6 billion. Between 60 and 70 percent of Poland's arms exports involved servicing and spare parts. At that point, three large companies--Bumar Labedy, Cenzin, and Cenrex--had government licenses for arms export, as did fifty small firms. In the transition period, regulations governing arms export were often murky, leading to a series of scandals when the extralegal activities of Polish exporters were disclosed. In 1991 high-ranking defense officials were arrested for selling US$96 million worth of arms to Iraq, and a number of smaller export deals were uncovered.

Data as of October 1992


Next Page    Prev Page    Index Page    

Other Links:  MarketSigns.com  Individual Federal Tax  Tax for Small Business  Tax on Med&Dental Exp.  TaxonChild&Dep.care Exp.        
Countries  Somalia  SouthKorea  Spain  SriLanka  Sudan  Syria  Thailand  Turkey  Uganda