The war in Ukraine and tensions in various parts of the world are driving the demand for weapons and ammunition. Nevertheless, producers recorded a decline in turnover last year. Despite the increase in the number of weapons orders due to the war in Ukraine, the total revenues from the sale of weapons and military services […]
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Military spending in Europe as during the Cold War
Last year, 2.2% of the world’s GDP was spent on military purposes, a total increase of $2.24 trillion compared to 2021. The increase was even more pronounced in Europe at that time, such that defense spending reached such levels that it has been seen since the Cold War. This is what emerged from the latest […]