Turkey, Azerbaijan to establish arms production companyJune 22, 2010 - 11:10 AMT PanARMENIAN.Net - Turkey will join forces with Azerbaijan to establish an arms production company in Baku, Today’s Zaman reported. Azerbaijani company Azersimtel is currently holding discussions over the structure and scope of the new company's operations. The Turkish Mechanical and Chemical Industry Corporation (MKE) will reportedly hold a large share of the military facility. In the first stage of production, the company is expected to produce attack weaponry for the Azerbaijani armed forces. In the following stages of production, the company will produce materiel, munitions and ammunition, as well. Using the trade networks of both Azerbaijan and Turkey, the arms company will most likely export some of its products abroad. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. |