Turkey’s defense industry to be nationalized
Turkey’s defense industry will be fully nationalized, Turkey’s Prime Minister Ahmet Davutoglu said.
He made remarks after the meeting with representatives of the country’s defense and law enforcement agencies, Turkish TRT Haber TV channel reported on March 9.
Turkey has achieved a significant success in the field of defense industry in recent years, he said.
Turkey fully eliminates the dependence on other countries in this field, according to the minister.
In 2015, the production in Turkey’s defense industry increased by 35 percent, said Davutoglu.
It was previously reported that Turkish Armed Forces Foundation (TSKGV) directed 70 million Turkish liras for the development of the national defense industry.
The official exchange rate is 2,9254 TRY/EURO as of March 9.
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