Galileo and EGNOS programmes back in orbit powered with €70 billion

The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

The Irish Presidency of the European Council secured a major breakthrough agreement on the development of Europe’s global satellite navigation system. According to a relevant Press release, “The Irish Presidency has secured agreement with the European Parliament on an EU Regulation on the implementation and exploitation of European satellite navigation systems. The purpose of the Regulation is to establish a new financial and governance framework for the two European satellite navigation programmes, Galileo and EGNOS, for the next financial period 2014-2020 and beyond”.

The interesting aspect of this new development is that the funding of the two programmes currently under negotiation, between the Presidency and the Parliament can reach €70 billion in the period 2014-2020. And this, despite the fact that the overall Multiannual Financial Framework (MFF) 2014-2020 providing all the financial means for the next seven yearly EU budgets is still on the air. Some weeks ago the four…

View original post 316 altre parole

Lascia un commento

Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione / Modifica )

Foto Twitter

Stai commentando usando il tuo account Twitter. Chiudi sessione / Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione / Modifica )

Google+ photo

Stai commentando usando il tuo account Google+. Chiudi sessione / Modifica )

Connessione a %s...