The Czech Defence ministry wants to sell redundant equipment including 900 vehicles, 6,000 pieces of firearms, armoured and air force equipment, firing devices and parachutes to balance its budget, the Defence Ministry’s Jana Zechmeisterova has said.

The military will also sell 60,000l of kerosene, 18,000 pieces of ammunition, 650,000 pieces of military gear, cauldrons, pans and coolers.

About 700 civilian employees will be discharged by the end of the year as a cost-saving measure.

The ministry earned about CZK230m ($13m) in 2010 and expects to earn CZK64m ($4m) in 2011, according to Czech News Agency.

The defence spending for 2011 has also been reduced to CZK44bn ($2.4bn) from this year’s CZK49bn ($2.7bn).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.