Top News
» » » Armenia’s military industry budget to grow 122% in 2020

Armenia’s military industry budget to grow 122% in 2020

18-11-2019, 12:14 Armenia » Public
Armenia’s military industry budget to grow 122% in 2020

18 November 2019, 12:14 - NovostiNK
Budgetary allocations in the military industry will grow by 122% in 2020, Hakob Arshakyan, Minister of High-tech Industry, said on Friday, November 15.

“Out of the AMD 12.5 billion ($26.3 million) to be allocated to the Ministry of High-tech Industry, AMD 6.3 billion ($13.3 million) will be spent on military industry,” Arshakyan was quoted as saying by Shantnews.am.

Some of the expenses, the Minister said, will be directed to scientific research, while the remaining part will be spent on the development of production capacities aimed at exporting Armenian military products to foreign markets.

“To achieve these goals, Armenia has developed a strategy for high-tech and military industry development and digitalization for 2020-2025, which will soon be unveiled to the public,” Arshakyan said.



Demonstrators continue picketing parliament building in Tbilisi
Demonstrators continue picketing parliament building in Tbilisi
Protesters in Tbilisi, Georgia continue blockading parliament, Imedi...
Armenia drawn in position 15 in 2019 Junior Eurovision running order
Armenia drawn in position 15 in 2019 Junior Eurovision running order
Right after the Opening Ceremony of the Junior Eurovision Song...
Dilijan to have reconstructed stadium
Dilijan to have reconstructed stadium
In 2019 the Initiatives for Development of Armenia (IDeA) Foundation...

:*
E-Mail:
:
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
: *