TIGRAN SARGSYAN DEEMS MILITARY INDUSTRY SPHERE DEVELOPMENTS TO GUARANTEE SERIOUS IMPETUS FOR ECONOMIC DEVELOPMENT
ARMENPRESS
APRIL 12, 2012
YEREVAN
YEREVAN, APRIL 12, ARMENPRESS. Government of the Republic of Armenia
approved the program of military industry sphere reforms and events
stemming from development concept.
On April 12 Cabinet sitting Prime Minister Tigran Sargsyan attached
great importance to the decision.” This may have great potential for
development of our economy. The implementation of these projects will
create serious grounds for the development of military industry.
Generally, we are stepping efforts to find the righteous path for the
development of Armenian military industry; necessary funds have been
allocated for this purpose,” Prime Minister stated.
Defense Minister Seyran Ohanyan said the project is aimed at
establishment of legal, economic, social, scientific and technical
personnel in the military industry field. ” The approval of the
project will contribute military industry of the Republic of Armenia
” Ohanyan noted.
The decision will enable Armenian Armed Forces provide with sufficient
number of modern arms and military equipment.
In this context the Government of the Republic of Armenia will prolong
the license validity period with “Electron” company for five years.
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