ARMINFO News Agency, Armenia
 Friday


 Artsrun Hovhannisyan: Armenia is developing space intelligence

Yerevan December 22

Naira Badalyan. The funds allocated by the Armenian government on the
eve, amounting 300 million AMD will be directed to the development of
space exploration assets. Artsrun Hovhannisyan, press secretary of the
Armenian Defense Ministry, told ArmInfo correspondent.

According to him, all other information is secret and not subject to publicity.

On the eve, the Cabinet of Ministers of Armenia made a decision that
from the reserve fund of the government about 300 million AMD will be
transferred to "Geokosmos". As stated in the certificate of
substantiation to the document, the company Geokosmos was founded on
November 16, 2017 by the decision of the Armenian government. "The
value of the property transferred to the authorized capital of
Geokosmos CJSC is set at 419 000 000 AMD, including 300 087 340 AMD in
cash, and 118 912 660 - property," the document says. The goal is to
provide the conditions for bringing into operation, upgrading and
operating the software and hardware complex of the Geokosmos CJSC.