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.
Venezuelan opposition leader María Corina Machado has returned to the South American nation almost a year after she secretly left the countr...
Uzbekistan summoned Iran’s ambassador following claims by several Iranian diplomatic missions that the historical and architectural heri...
Kazakhstan marks Republic Day on 25 October with an ambitious economic agenda and a growing partnership with Azerbaijan, as the two Caspian neighbo...
Around 11,000 people joined a demonstration in Orléans on Saturday against the National Rally congress, according to the local prefecture.
Typhoon Champi swept past Taiwan on Saturday, leaving one person dead and more than 500 injured as strong winds and torrential rain brought down trees, cut power and disrupted transport across the island.
French President Emmanuel Macron on Friday described a deadly shooting in the towns of Trappes and La Verrière, west of Paris, as a racist attack and ‘a turning point’ for the country.
Israeli forces have maintained a tight closure on Hebron in the occupied West Bank for a second day, with Palestinian media reporting home raids, mass detentions and dozens of residents forced outside following a shooting incident the day before.
Foreign ministers meeting in Istanbul on Friday warned that renewed military strikes on Iran could deepen the regional conflict, urging diplomatic efforts to prevent further escalation.
Thousands of Israelis rallied in Tel Aviv on Saturday demanding an independent commission of inquiry into the failures surrounding the 7 October 2023 Hamas-led attack, three days before a national election.
Saudi Arabia religious leaders have condemned attacks targeting holy sites and civilians after authorities reported intercepting two ballistic missiles launched towards the Mecca and Medina regions, while Yemen’s Houthi movement denied targeting the two cities.
Uzbekistan summoned Iran’s ambassador following claims by several Iranian diplomatic missions that the historical and architectural heritage of Samarkand belongs to Persian or Iranian-Islamic civilisation, Tashkent's Foreign Ministry said.
Israeli forces have maintained a tight closure on Hebron in the occupied West Bank for a second day, with Palestinian media reporting home raids, mass detentions and dozens of residents forced outside following a shooting incident the day before.
Foreign ministers meeting in Istanbul on Friday warned that renewed military strikes on Iran could deepen the regional conflict, urging diplomatic efforts to prevent further escalation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment