Asian Surveying & Mapping
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Isro’s PSLV-C53 places three satellites in orbit
The four-stage, 44.4m tall PSLV-C53 rocket that blasted off...
Chinese probe successfully maps entire Mars, sends stunning pictures
China's Tianwen-1 orbiter has mapped the entire of Mars,...
Israel Aerospace Industries Successfully Doubles Venµs Satellite’s Expected Service Life
Venµs changed altitude in space and will carry out...
South Korea launches KASS satellite to augment GPS
South Korea has successfully launched a precision aviation satellite...
China launches new batch of remote sensing satellites
XICHANG, June 23 (Xinhua) -- China successfully launched three...
Kenya launches nationwide airborne geophysical survey
Kenyan President Uhuru Kenyatta Tuesday launched the final report...
South Korea successfully launches home-grown Nuri space rocket
South Korea’s domestically built Nuri rocket successfully placed a...
Isro PSLV-C53 launch announced for June 30
The mission faced multiple initial delays, but was eventually...
Strong progress being made on the UK’s Geospatial Strategy
Annual plan published shows the Geospatial Commission’s progress on...
Israel Deploys Medicine Data-Map Skills to Avert Food Crisis
Even before the first wave of Covid-19 swept through...

October 21st, 2014
Russian State Development Bank to Offer 5 Billion Rubles for GLONASS Navigation System

The Russian state development bank Vnesheconombank (VEB) is set to offer financial support for domestic companies to develop projects using the GLONASS navigation system in Russia and abroad pending government approval, Izvestia reports. VEB’s sister fund –“VEB Innovations” will set up the “GLONASS Fund” within the fourth quarter of this year; funds will be made available by next February-March. The fund will include 5 billion rubles (about $122 million) from VEB itself, together with 3 billion rubles ($73.1 million) from private investors, whom the fund hopes to attract by the end of 2016. Read more via RIA NOVOSTI