Armex defense equipment trading company enters liquidation

Shareholders of the state-owned joint-stock company Armex, which trades in Slovak defense equipment, decided to liquidate their company at a meeting on December 15.

Representatives of the Economy Ministry, which holds a 36% stake in Armex, agreed on the move with engineering firm DMD Holding (34%), the Defense Ministry (20%) and the Interior Ministry (10%).

Defense Minister Pavol Kanis announced the intention of the government to grant the Defense Ministry the position of coordinator of the Slovak defense industry. He remarked that in some cases, the uncoordinated steps of individual Slovak arms exporters had caused cancellation of significant contracts. He also pointed out the necessity of preventing exports of Slovak weapons to countries under embargo.

Another Armex shareholder, DMD Holding, has been warning for some time that uncoordinated commercial policy is damaging the interests of Slovak arms producers..

Top stories

News digest: LGBT+ people's biggest fears revealed

Two cases of measles in Bratislava, meteorologists issue temperature warnings. Learn more in today's digest.


12 h
Tourists above Štrbské Pleso.

J&T everywhere you look. What does the finance group own in Štrbské Pleso?

Influence of financiers in the popular Tatra resort is noticeable at every step.


7. feb
University students.

News digest: What foreign students don't like about Slovak universities

Slovakia's first climate bill, popular tourist resort occupied by financial group, and top footballer to join Paris St. Germain.


7. feb
SkryťClose ad