Asian Surveying & Mapping
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UAE celebrates 11th launch anniversary of DubaiSat-1
The UAE is celebrating the 11th anniversary of the...
UAE starts rush of missions to Mars looking for signs of life
A United Arab Emirates spacecraft has rocketed into space...
Turkey’s Lake Salda may yield answers for life on Mars
Similarities between a lake in southwestern Turkey and the...
Nepal set to send new map to UN, others
NEW DELHI: After having issued a new map showing...
ISRO Launches Free Online Course On ‘Remote Sensing’ For Students, Professionals
The Indian Space Research Organisation (ISRO) through its centre,...
European Sentinel satellites to map global CO2 emissions
German manufacturer OHB-System has signed a €445m (£400m) contract...
United Launch Alliance Atlas V Successfully Launches Mars 2020 Mission for NASA
A United Launch Alliance (ULA) Atlas V rocket carrying...
Mobile Mapping Market to witness steady growth of 17% during 2020-2026
According to a recent study from market research firm...
First Responder Technologies and Falcon Eye Drones Sign an Exclusive Distribution Agreement for UAE and Wider GCC
VANCOUVER, BC - First Responder Technologies Inc. ("First Responder" or the...
Terra Drone Indonesia Obtained the First Commercial BVLOS Permit in Indonesia
Jakarta, July 20, 2020 - Terra Drone Indonesia once...

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