Otokar Land Systems SRL

June 12 (SeeNews) - After spending decades slowly (and for the most part - silently) upgrading its defence manufacturing, Southeastern Europe is suddenly seeing a significant expansion in the field, with over EUR 3 billion in private and industrial investments recently announced across the region. The majority of those - over EUR 2 bln - are concentrated in Romania. This push is driven by EU-backed efforts to increase ammunition output and upgrade military infrastructure in response to the war in Ukraine and ramp up production of artillery shells and other essential equipment, which prompted governments and companies to revive or expand domestic capabilities.