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	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Sat, 21 Nov 2009 21:40:57 +0000</pubDate>
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		<title>Russia&#8217;s Rising Ambitions - Part II</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/08/07/russias-rising-ambitions-part-ii/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/08/07/russias-rising-ambitions-part-ii/#comments</comments>
		<pubDate>Thu, 07 Aug 2008 14:14:04 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Internet &#038; Web]]></category>

		<category><![CDATA[Stat of the Day]]></category>

		<category><![CDATA[Online Advertising]]></category>

		<category><![CDATA[Russia]]></category>

		<category><![CDATA[comScore]]></category>

		<category><![CDATA[Europe]]></category>

		<category><![CDATA[Asia]]></category>
<category>Asia</category><category>comscore</category><category>europe</category><category>Internet &amp;#038; Web</category><category>Online Advertising</category><category>Russia</category><category>Stat of the Day</category>
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		<description><![CDATA[Russia&#8217;s answer to Michael Arrington, search engine Quintura&#8217;s CEO Yakov Sadchikov comes across some interesting figures on the Russian online advertising market, estimated at $260 million from January to June 2008.  This is up 73% year-over-year, according to a report from MindShare Interaction.  More interestingly is the fact that contextual advertising accounted for $161 million [...]]]></description>
			<content:encoded><![CDATA[<p>Russia&#8217;s answer to Michael Arrington, search engine Quintura&#8217;s CEO Yakov Sadchikov <a href="http://blog.quintura.com/2008/08/06/russian-online-advertising-spending-up-73-in-1h-2008/" target="_blank">comes across</a> some interesting figures on the Russian online advertising market, estimated at $260 million from January to June 2008.  This is up 73% year-over-year, according to a <a href="http://www.mediaguide.ru/?p=news&amp;id=4898d0bf" target="_blank">report</a> from MindShare Interaction.  More interestingly is the fact that contextual advertising accounted for $161 million (or 62% of total online advertising spending), while display advertising accounted for $99 million (38%) of total online spending.</p>
<p>The business daily Kommersant <a href="http://kommersant.ru/doc.aspx?DocsID=1008543" target="_blank">breaks down</a> the top 10 online display advertisers in Russia, including:</p>
<p>- Ford Motor Co. ($4.6m),<br />
- MTS ($2.5m),<br />
- Megafon ($2.3m),<br />
- General Motors ($2m),<br />
- VimpelCom ($1.9m),<br />
- Peugeout Citroen ($1.6m),<br />
- Nissan ($1.5m),<br />
- Samsung ($1.3m),<br />
- Honda ($1.2m), and<br />
- Procter &amp; Gamble ($1.1m).</p>
<p>Partially because I was born in a Russian-built hospital in Tehran, I&#8217;ve always been somewhat interested in Russia, its history, and its recent resurgence.  The country is a fascinating story in the re-making, what with the rumors surrounding outgoing President Vladimir Putin&#8217;s massive fortunes, and the stratospheric rise the country&#8217;s fortunes have experienced of late.  Consider some stats I came across:</p>
<p>The average monthly Russian salary was:</p>
<p>- $200 in 2003,<br />
- $303 in  2005,<br />
- $545 in 2007.</p>
<p>according to <a href="http://www.kommersant.com/p816959/r_500/Average_Salary/" target="_blank">Kommersant</a> and <a href="http://english.pravda.ru/russia/04-08-2005/8687-salary-0" target="_blank">Pravda</a>.   Obviously, there&#8217;s plenty of upside.<a href="http://www.kommersant.com/p816959/r_500/Average_Salary/" target="_blank"></a><a href="http://english.pravda.ru/russia/04-08-2005/8687-salary-0" target="_blank"></a></p>
<p>And that&#8217;s for the average employee, as in all countries, the highest earners earn far, far more.  A CEO earns $150,000 per annum, or just over $10,000 per month, according to this <a href="http://www.domain-b.com/management/general/20070727_salaries.html" target="_blank">report</a><a href="http://www.domain-b.com/management/general/20070727_salaries.html" target="_blank"></a>, and that was 2007, I suspect it&#8217;s gone even higher.</p>
<p>In fact, the top CEOs get up to $24,000 per month, according to <a href="http://www.mnweekly.ru/business/20080515/55328569.html" target="_blank">this</a>.</p>
<p>Connecting the dots: as Russia&#8217;s massive population - which a few short years ago was showing troubling demographic signs - increases its purchasing power, expect online advertising rates to follow suit.  Here&#8217;s <a href="http://www.comscore.com/press/release.asp?press=2176" target="_blank">comScore</a>&#8217;s Top 10 Russian sites:</p>
<p><img src="http://watchmojo.com/blogs/images/russia.jpg" /></p>
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