Russia is flush with riches of a rising oil price. It’s no wonder that the nation is experiencing a boom in venture capital fundraising. But there is much merit to the money, Russia is Europe’s fastest growing Web market. This data is from November, 2007.
It’s impressive: Russia grew 23%, according to comScore. Germany remains the largest market, but you have to figure that over time Russia just might become the largest country, by far, in terms of web audiences.
Also worth noting is that the European market is pretty much the same size as China’s, and a tad smaller than the American one. Of course, in both China and America, it’s one market and one language (mind you, Chinese speak Mandarin and Cantonese, with the former being the official language in mainland China).
Either way, Europe is far, far more fragmented…
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