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Azerbaijan invests more than $500 million in defence industry

Baku, Fineko/abc.az. On March 16, the Azerbaijani government delivered an annual report on results of social and economic development before the parliament.

When delivering the report, Azerbaijani Prime Minister Arthur Rasizade told that more than $500 million was invested in development of the country’s defence industry over three years.

"It allowed mastering manufacture of over 350 names of defence production in the country. Agreements on cooperation in defence sphere were concluded with 28 countries,” A. Rasizade told.

Development of the sector has been begun after establishment of the Azerbaijani Ministry of Defence Sphere.

 

16.03.2010 13:20




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