Experts Doubt Defense Industry Will Make Major Contribution to Economy

Experts doubt defense industry will make major contribution to economy

Both former Chief of the Estonian Defense Forces (EDF) Gen. Martin Herem and Bank of Estonia (Eesti Pank) economist Kaspar Oja expressed doubt that defense industry will be able to make a major contribution to either the European or Estonian economies.

The Baltic countries have agreed to look for ways to jointly strengthen the region's competitiveness and attract strategic investors, the Ministry of Economy and Innovation announced on Monday.

Azcón highlighted Aragon's ambition to become a logistics and technological centre of reference in the field of European defence.

Baltic economic ministers: Defense industry serves interests of all 3 Baltic states

TALLINN - At a meeting in Riga on Monday, the Baltic economic ministers agreed that a strong investment environment benefits all three countries...