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TIMAK DEFENSE Receives €10.48 Million from Albanian Government Amid Controversy

DEFENSE

TIMAK DEFENSE, founded in August 2025, received two payments totaling €10.48 million from the Albanian Treasury in October and November 2025. The first payment of over €6 million was made on October 29, 2025, shortly after a contract was signed on October 10, 2025.

Prime Minister Edi Rama had previously stated that taxpayers would not fund private military companies. The second payment of €6.4 million occurred on November 3, 2025. Ron Yeffet, associated with TIMAK DEFENSE, has been linked to scandals in Senegal and was previously involved in corrupt activities there. Investigations into his connections and financial dealings in Albania are ongoing, raising concerns about national security and corruption.

TIMAK DEFENSE Receives €10.48 Million from Albanian Government Amid Controversy
Jan 22, 2026, 10:36 AM

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