Altair - Strona główna

Commentary

24-08-2007

Industry Without a Strategy

Work on the Strategy for Consolidating and Supporting the Development of the Polish Defence Industry continues for a second year. The previous strategy covered 2002-2005. The Bumar Group was formed on its basis, and a few companies were incorporated into the Industrial Development Agency (ARP). Thanks to integration, the companies started making a profit, and sales are growing steadily. The Bumar Group, which reported a loss of PLN 8.5 million in 2002, has been making a profit for several years running (in 2004 - PLN 17.4 million, 2005 - PLN 15.2 million, 2006 - PLN 17 million). Sales of Polish armaments and military equipment have grown from PLN 400-900 million a few years ago to more than PLN 2.5 billion in 2006. Exports of arms, which in the early 2000s were worth no more than a few dozen million zlotys, reached PLN 1.4 billion in 2005-2006.