Armenia has announced plans to allocate 150 billion drams (approximately $400 million) to the development of its defence industry for the 2026–2028 period, in a significant move to strengthen its national security.
The Armenian Defence Minister Suren Papikyan, said the decsion marks a major step towards improving the country's military capabilities and fostering local defence production.
The allocation comes as part of a broader strategy to diversify Armenia's military procurement markets and reduce reliance on foreign suppliers.
The government says it has recognised the growing need to boost domestic production and increase the availability of locally manufactured military equipment.
Papikyan underscored the importance of creating a more self-sufficient defence sector and highlighted the progress Armenia has already made in this area.
He noted that, in 2022, the government signed contracts worth 5.5 billion drams with local companies. However, the current agreements have grown substantially, reaching a total of 170 billion drams, with the majority of the products already delivered.
This financial commitment signals Armenia's long-term investment in its defence infrastructure, which is crucial given the region's security dynamics. It also represents a shift towards developing a robust defence industry that can meet both current and future military needs.
The Carolina Herrera fashion house celebrated its 45th anniversary with a vibrant runway show at New York's Fashion Week on Monday,&n...
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying ...
The Emmy Awards delivered a night of familiar faces, surprise wins and a few milestones, with Apple TV’s horror comedy Widow’s Bay...
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
A Kyiv-Warsaw train was struck near the Polish border, Ukraine's state railway firm said on Sunday. No passengers were injured. Ukrainian Railways said that the country's railways were facing systematic attacks for a second day and warned of widespread delays.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
Swedes vote in an election on Sunday (13 September) that could see the far-right enter government for the first time if the country's right-wing parties can form a majority.
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign policy chief Kaja Kallas said an attack on a train near the Polish border was an attempt to intimidate Ukraine's allies.
Syria says it has taken major steps to resolve long-running concerns over its nuclear programme, marking what officials describe as the beginning of a new phase of cooperation with the International Atomic Energy Agency (IAEA).
Georgia has been formally integrated into the European Union's Trans-European Transport Network (TEN-T), bringing Anaklia Deep-Sea Port, Georgian Railway's main line and the East-West Highway into the network's expanded framework.
Türkiye’s foreign minister has renewed calls for the Kurdish-led Syrian Democratic Forces (SDF) to disarm and disband, during talks with Syrian officials in Damascus.
Pakistan is providing targeted relief to millions of people after a sharp rise in global oil prices pushed domestic petrol and diesel prices higher, with disruption around two major Middle East shipping routes adding pressure to the country’s energy supply chain.
The European Union and the Food and Agriculture Organization of the United Nations (FAO) have launched a $5.7 million initiative in Afghanistan to help farmers reach markets, strengthen agribusinesses and withstand climate and economic shocks.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment