An opening ceremony for Lyubava-Armenia, the first Armenian-Polish joint venture for production of military equipment kicked off October 16, with Armenian Defense Minister Seyran Ohanyan, Polish envoy Zdislaw Raczynski, Polish Senator, ex-Defense Minister Bogdan Klich and other high-ranking officials present.

At the event the Polish side expressed hope for increasing Polish investments in Armenia's defense industry, with Ohanyan, in turn, voicing confidence for the new company's expansion to enable exports to Eurasian Union states.

Based on the Charentsavan machine building plant, Lyubava-Armenia will engage in production, modernization and repair of a wide range of dense equipment, Defense Ministry press service said.