Estonia: South Korean weapons giant to invest EUR 100 million

South Korean defense industry giant Hanwha Aerospace has announced a major direct investment package of nearly EUR 100 million to support Estonia’s defense industry and technological independence. According to the company, the goal is to strengthen Estonia’s technological sovereignty and establish a regional center for territorial defense systems in the country. Including associated economic impacts…

Latvia: development of first phase of Selija Military training area costs approximately 36.5 million euros

The development costs of the first phase of the Selija Military training area amount to approximately 36.5 million euros, the Ministry of Defence Press Department reports. On February 20, a live-fire training zone was officially inaugurated at the training area, marking a significant milestone in the development of Latvia’s defence infrastructure. The event was attended…