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Russia bets on sweeping reform to revive ailing space industry

Last Updated: Friday, December 27, 2013, 05:13

From rocket-shaped playground equipment to faded murals of cosmonauts, mementos of the heyday of Soviet space exploration are scattered around this sandswept town that launched Yuri Gagarin into orbit in 1961.

Russia needs leaner space industry: Roscosmos

Last Updated: Friday, September 28, 2012, 09:57

Russia needs a leaner space industry, and that means significant job cuts, according to Vladimir Popovkin, head of Russia`s Space Agency Roscosmos.

Russia to spend $21 bn on space industry

Last Updated: Tuesday, September 11, 2012, 09:08

Russia will spend $21 billion to develop its space industry in the coming years, PM Dmitry Medvedev said Monday.

Russia denies `systemic crisis` in space industry

Last Updated: Saturday, September 8, 2012, 14:40

The Russian space industry is not in a crisis despite some local problems, Deputy Prime Minister Dmitry Rogozin said Friday.

Putin wants changes in Russian space industry

Last Updated: Saturday, September 1, 2012, 09:12

Russian President Vladimir Putin has sought draft proposals for restructuring the national space industry after a string of accidents that have compromised the country`s image as a leading space power.

Russia`s space industry in crisis: Official

Last Updated: Saturday, December 24, 2011, 12:21

Russia has experienced a number of launch mishaps in the past 13 months.

Private industry in space a risky, slow business: Experts

Last Updated: Thursday, February 4, 2010, 16:18

NASA`s plan for private sector to build spacecraft to fly astronauts to the ISS is a high-risk undertaking that won`t show results for years, experts said.