As a leader in the development and production of defence technologies, we were honoured to accept an invitation to participate in the panel discussion titled “Security Is Not a Given.” At the conference, organized under the auspices of Hospodárske noviny, we were represented by Jakub Krchňavý, CEO of ZVS holding.
The discussion took place against the backdrop of the ongoing war in Ukraine, escalating tensions in the Middle East, and increasing defence investments by NATO member states. Participants agreed that the security environment is undergoing a fundamental transformation and that strengthening Europe’s defence capabilities has become one of the key priorities.
Military Modernization and Emerging Security Challenges
One of the main topics discussed was the modernization of the Armed Forces of the Slovak Republic. Beyond the renewal of military equipment and weapons systems, increasing emphasis is being placed on advanced technologies, communication systems, and the ability to respond to new forms of threats.
“Security can no longer be taken for granted. It requires long-term investment, modern technologies, and a strong industrial base capable of supporting both national defence capabilities and those of our allies,” was a recurring message throughout the discussion.
The panel also addressed the economic significance of the defence industry. Despite a slowdown in the broader economy, the defence sector remains one of the industries continuing to grow and create new investment opportunities.
Jakub Krchňavý presented the latest developments within ZVS holding:
“In recent years, ZVS holding and MSM GROUP have made significant investments in modernizing production capacities. Our strategy also includes development projects in Dubnica nad Váhom, Snina, and Strážske, enabling us to increase production capacity, introduce new technologies, and strengthen the competitiveness of the Slovak defence industry in international markets. Our goal is to build a modern and sustainable manufacturing base capable of responding to growing customer demands and an evolving security environment.”
Investments, Production, and Supply Chains
The discussion also covered manufacturing capacities, current ammunition demand, and the operation of supply chains.
“In recent years, the defence industry has faced increased pressure regarding the availability of certain materials and components. At the same time, however, it has continued investing in production expansion and technological innovation,” he added.
Another important topic was the export activities of Slovak manufacturers, their position in global markets, and the cooperation between the public and private sectors in strengthening defence capabilities.
Cybersecurity was also highlighted as a critical issue. Today, it affects all organizations operating in the digital environment, while the defence industry remains one of the sectors with the highest requirements for the protection of data, technologies, and production processes.
Participation in the conference reaffirmed the importance of open dialogue on security, defence, and the role of industry in building a more resilient Europe. At a time of growing geopolitical challenges, cooperation among governments, industry, and technology partners is becoming one of the decisive factors shaping future security.
