Subscribe free to our newsletters via your
. 24/7 Space News .

Subscribe free to our newsletters via your

Now that's the spirit of progress
Russian Space Industry Recovers To 1993 Levels
Moscow - May 1, 2000 - Russia's space industry in 1999 recovered to a level last seen in the pre-crisis year 1993, before government contracts began to dry up, Yuri Koptev, head of the Russian Aerospace Agency (Rosaviakosmos), told reporters on Wednesday.

The sector has been growing at a rate of 22% a year over the last three years, Koptev said.

The state provides 36% of the financing for the sector. The remainder is received from foreign partners as payment for services.

Koptev said the most important achievement for the space sector over the last nine years was preservation of the Baikonur Space Center. That's 80% of the domestic space industry, he said.

The sector was also able to raise $3 billion in financing from foreign sources. It has created the legal base that allows Russian aerospace companies to operate on foreign markets, and they are now active in virtually all areas.

Koptev said he opposed the idea of merging all of Russia's various space agencies and organizations into major cross-sector organizations.

Previously an Industrial Ministry uniting 23 different sectors has been formed, only to be dismantled within a year as too unwieldy, he said.

Putin Claims Russian Space Industry Obligations Fully Met
Moscow (Interfax) April 18, 2000 - The Russian Security Council is likely to consider the development of the Russian space industry at one of its future meetings, Russian President-elect Vladimir Putin told Russian cosmonauts and managers of the Russian space industry last Wednesday.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.