Business news from Ukraine

CABINET DISTRIBUTES UAH 223.6 MLN FOR STATE SPACE PROGRAMS

20 September , 2016  

KYIV. Sept 20 (Interfax-Ukraine) – The Cabinet of Ministers has distributed UAH 223.6 million for state targeted programs and state orders in the space sector.

According to resolution No. 598 of September 8, the government approved the order of using funds in 2016 provided in the national budget for the implementation of the National Targeted Scientific and Technical Space Program of Ukraine for 2013-2017 and the distribution of state budget funds for state programs in the space field.

In particular, the government allocated UAH 8.4 million for transfer of Earth observation space technologies into the real economy sector GEO-Ukraine, UAH 121.7 million for obtaining data from the space Earth observation system and the Sich geophysical monitoring, UAH 15.4 million for space activities in the interests of national security and defense (activities are carried out under the state defense order), UAH 32.25 million for studying Ionosat solar-terrestrial and seismic ionospheric ties, and UAH 17.34 million to ensure independent access to the space.