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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |