Armenia to abolish profit limit for military industry 

ArmInfo. On September 12, at a regular meeting, the Armenian government amended its 2016 decision in order to create conditions conducive to the development of defense industry enterprises.

As stated in the explanatory note to the document, the draft proposes  not to apply the maximum profit limit, which will create favorable  conditions for the further development of the military industry of  the Republic of Armenia.

In addition, considering the logistical, technical and geopolitical  risks inherent in the industry, the application of the maximum  permissible profit limit creates disproportionate risks for  organizations, which, in turn, increases the likelihood of failure to  fulfill a state order.

The refusal will contribute to the improvement of production  processes of organizations, the development and promotion of the  industry, and the increase in the competitiveness of companies in the  domestic and international markets>, the draft decision says.