Travelata.ru, a Russian online travel agency focusing on package tours, has just released an in-depth presentation on the Russian online travel market. Citing a recent report by the global travel market research company PhoCusWright, Travelata reports that the Russian travel market was worth $53 billion in 2012. Only 14% of travel in Russia is currently …
Russia’s online travel market posts 50% yearly growth Read More
According to research carried out by the Public Opinion Foundation (FOM), just a quarter of Russians are ready to pay for online content. The survey was designed to measure the public response to Russia’s new anti-piracy legislation, enacted in July 2013. The law does not target users who simply view or download illegitimate content for personal use, but …
Just a quarter of Russians willing to pay for online content Read More
Special attention was paid to the booming Russian innovation and venture scene and its globalization last week at Journey 2013, an event organized by Ernst & Young in Tel Aviv. A “Journey Into Russia” roundtable presented Russia’s high tech scene to several key representatives of the Israeli and global venture capital community in attendance. Professor …
Russian VCs and entrepreneurs discuss high tech globalization in Israel Read More
The second half of the 20th century has seen the Russian rock and popular music industry in a poor technical state, compared to Europe and the United States. During the years of the “iron curtain,” the local music scene was largely isolated, which meant Russian musicians could not get their hands on quality guitars, amplifiers …
Technology demands a revamp of Russia’s music industry Read More
Targeting and retargeting have been used by marketers from the USA and Western Europe for more than 10 years. Although these technologies only started to be used Russia about two years ago, they quickly gained popularity. Russia’s e-commerce growth rate is one of the highest in the world, but customer acquisition and loyalty remain costly …
Apple’s iTunes store dominates digital music sales in Russia, according to a study by AC&M Consulting. The iTunes store already accounts for one third of the online music market in Russia, less than one year after launch. The online store’s sales may reach up to 634 million rubles (around $19 million) in 2013. Yandex.Music and …
iTunes has become the driver of Russia’s digital music market Read More
The majority of Russian venture funds are less than five years old, so there are no investment campaign user manuals like those found in the US or Europe yet. As a result, investors that try to apply American or European concepts in Russia make the same kind of typical mistakes. On the basis of our …
Three leading e-commerce companies – KupiVip, Ozon, and the Otto Group – have started sharing the fulfillment and other service capacities that they had initially built for themselves. Coming in addition to those of such players as Arvato and Beta Production (fulfilment and warehousing), as well as B2C-PL, CDEK, DHL Global Mail, DPD, and SPSR (delivery), these offers contribute to improving fulfillment conditions in this huge …
Sergey Rumyantsev, CEO of Enter.ru, told the audience at the Global E-Commerce Summit in Barcelona yesterday, that while the Top 30 of Russian e-commerce operators generate 50% of the total online turnover, the rest is generated by over 30,000 e-commerce players. Those smaller companies, which are often not reliable nor complying with the law, appear and disappear …
Hundreds of e-commerce players appear and disappear every month Read More
The Russian market for online airline ticket sales has grown to a whopping $3 billion, according to the general manager of online travel agency Biletix.ru, Alexander Sizintsev. This distribution channel currently accounts for 15 to 20% of all the plane tickets sold in the country, RIA Novosti reported last week. About 40% of the plane …
Online plane ticket sales in Russia have reached $3 billion per year Read More
Among Russia’s billionaires, only two have made their wealth exclusively from high technology industries, according to Forbes’ latest ranking of Russia’s billionaires released earlier this month. The Russian edition of the US magazine has estimated the wealth of Arkady Volozh, the co-founder, main shareholder and CEO of NASDAQ-listed search company Yandex, at $1.15 billion.
“Coercion to innovation” – a term coined by the Russian business media for the Medvedev cabinet’s policy of incentivizing Russian state-controlled businesses and overcoming their general non-receptiveness to modernization – has produced little result, and it is government coffers, not corporate ones, that have paid for most revamping. This is how Mikhail Gershman, a senior …
Russia’s state-controlled companies shy away from investing in R&D Read More
