Corporate newsfilter: We still have enough fuel, but we are losing another automotive subcontractor and another has gone bankrupt
Slovakia's arms exports have more than doubled, reaching €2.5 billion, with a significant portion attributed to ammunition production, despite the government’s stated aim to halt fighting in Ukraine.
Slovakia's arms exports have skyrocketed, more than doubling in value last year to €2.5 billion, marking a 23-fold increase since the onset of the Ukraine war. This surge represents almost three percent of the country's total exports, indicating a significant shift in the Slovak economy towards military production. The majority of these exports, approximately €2.4 billion, consist of ammunition for heavy weaponry produced by state-owned arms manufacturers and the Czech-controlled Strnad family. The current government's assertions of seeking peace in Ukraine appear contradictory to its actions, which lean towards supporting the rapid expansion of domestic arms production, aligning with both economic and geopolitical rationales.