The standard processing of the Global Navigation Satellite System (GNSS) based refractometric data performed by means of a space-borne GPS-receiver was based on the approximate derivation of the local vertical profiles of the atmospheric refractivity by means of the Abel transform. Being sufficient at the stage of a proof-of-concept experiment, this approach results in significant errors of the reconstruction of the tropospheric refractivity both due to its complicated spatial structure at heights below 10 km and due to the impossibility of separation of the effects of dry air and water vapor without use of additional information. As has been recognized, the most promising way of utilizing GNSS radio occultation data is their variational as...