Ukraine’s Cabinet of Ministers has proposed retaining expense expenditures for 2018 at 5% of GDP, according to the draft bill “Budget policy basics for 2018-2020 (Budget Resolution).” “The priority is supporting defense and security: expenditures for this sphere for 2018 will be at 5% of GDP,” Finance Minister Oleksandr Danyliuk said, presenting the resolution. “Within…
The choice of the foreign supplier of encrypted communications equipment for Ukraine’s armed forces will be made based on the results of a competition held by the military, Ukrainian Prime Minister Volodymyr Groysman has said. “I don’t want to be the one who picks what kind of communications system Ukraine’s army uses. I want it…
Another batch of the Ukrainian-made Oplot main battle tanks will be supplied under the contract to Thailand next week, chief engineer at Kharkiv-based Malyshev Plant Oleksandr Sheiko said on May 25. “We will ship another batch to Thailand next week. Information on the number of tanks is confidential. We have fulfilled three quarters of the…
The Ukroboronprom State Concern and Turkey’s MKEK (Makina ve Kimya Endustrisi Kurumu) operating in machine and chemical industry will establish cooperation under the ammunition development program, the press service of the concern reported on May 10. According to the report, the cooperation agreement between MKEK and Ukroboronprom’s Artem state-owned joint-stock company and state-run foreign trade…
The total net income of the enterprises that are part of Ukroboronprom state concern in 2016 increased by 31.2% YoY, to UAH 28.3 billion, the press service of the state concern has reported. The financial result from operating activities for the year amounted to UAH 2.344 billion. The volume of investments used for production of…
Kyrgyzstan will be able to negotiate directly with Russian defense enterprises on the supply of arms, the presidential aide on the military-technical cooperation Vladimir Kozhin said. According to him, both countries plan to sign an agreement on the development of military-technical cooperation within the framework of the Collective Security Treaty Organization (CSTO). Russia has already…
The public joint-stock company Kharkiv Tractor Plant in 2017 will participate in military production cooperation and in work to fulfill the government’s military production, including the program to substitute domestic goods in the military sphere, Ukrainian president Petro Poroshenko said during a visit to the factory in Kharkiv. The head of state said the state…