Asian Surveying & Mapping
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CHC Navigation’s GNSS receivers reach the Everest Peak
Shanghai, China - May 27, 2020 - CHC Navigation...
Government wants to launch a satellite to help South African students study remotely
As the country’s universities prepare for the move towards...
Mapping the history of Kalapani dispute between India and Nepal
As Nepal unveiled a new map of its territories...
Ordnance Survey to create the Ordnance Survey of Dubai
Ordnance Survey has entered a contract to work with...
Scotland joins the Public Sector Geospatial Agreement
The first collective geospatial agreement for Great Britain allowing...
ISRO facilities to open for startups, private firms; new geospatial policy soon
The government will allow private firms and startups to...
Myanmar To Build Two Earth Observation Satellites With Japanese Assistance
Myanmar is to build and launch a small Earth...
New base map for Maltese islands launched
The Planning Authority has launched a new base map...
Airbus supplies EU with satellite communications
Paris, 12 May 2020 – Airbus has won the...
Britain’s £5 billion rival to EU’s Galileo satellite project faces scrap
Plans for Britain to join the space race with...

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