Page 108 - RusRPTJun19

Hence we are not concerned yet," BCS GM believes. Moskvichev told RIA that he would expect 3-4 work group meetings between government and businesses before the amendments are passed to the State Duma for discussion. Yandex.Taxi and other market representatives are part of the working group.
Russia's Communications Ministry and internet watchdog Roskomnadzor has specified a list of threats that would cause it to cut Russia off from the internet, the agency said posting the proposal online on May 28. The proposal follows the introduction of the so-called Yarovaya law, approved by President Vladimir Putin on May 1 that tightens regulation over the internet and demands companies store their data on Russia’s territory. Critics claim the law will allow the Kremlin to censor content on the internet. This is the first time the country's government has clarified the legislation, which has been slammed by rights activists. The ministry lists three types of threats that would trigger the cutting of ties that include: a threat to the network's "integrity," explained as the ability to safeguard connections between users; a threat to its resilience through the failure of certain equipment or the occurrence of a natural disaster; and a threat to the network's security, via a hacking attack on service providers' equipment or an instance when the network is subjected to "destabilizing internal or external informational pressure," reports RFE/RL.
Advertising spending in Russia in 1Q19 stood at RUB111bn ($1.7bn), the growth of the ad market slowing down to 4% from 13% for the same quarter of 2018, Kommersant daily reported citing the data of Association of Communication Agencies of Russia (AKAR) on May 21. Internet advertising continued to outperform the market at 18% to RUB51.5bn, but also slowed down from 22% seen in 1Q18. TV advertising declined by 6% to RUB42bn. Last time a decline in TV ads was registered in 2015 following a sharp ruble depreciation in December 2014. "We can say that the advertising market has finally caught up with the actual economic situation," Sergey Veselov of AKAR commented, adding that given the real income decline of 2% seen in the first quarter, 4% growth of the ad market was "decent". Veselov also attributed steady growth in the market seen in 2018 to introduction of new technologies. Russia's largest internet majors Yandex and Mail.ru also reported a decline in advertising revenues, to 18% of RUB27bn for Yandex and to 19.3% to RUB7.3bn for Mail.ru. Overall the advertising market grew by 12.4% to RUB469bn in 2018, with Dentsu Aegis Network expecting growth in 2019 not to exceed 4.5%, according to Kommersant.
Revenue of Russia’s pay TV market increased 14.2% to RUB95.3bn in 2018 and will go beyond RUB100bn rubles in 2019, researcher J’son & Partners Consulting said in a study seen by PRIME on Thursday. “Such a dramatic growth became possible first of all thanks to higher cost of services of the biggest operators and revenue of additional services. Under a basic outlook by 2023, the industry’s incomes will keep on growing with an average annual rate of 4% and they will exceed RUB100bn in 2019,” J’son & Partners Consulting said. In the revenue structure satellite television accounted for 39.5%, analog cable television for 27.7%, IP television for 18.9%, and digital cable television for 13.9%. Pay TV counted 43.2mn subscribers as of the end of 2018, up 3.1%.
The volume of cross-border shipments was down -3.7% y/y in 1Q19 to 92mn packages. In 2018, cross-border trade was worth RUB 350tn, representing 20% of e-commerce and 1% of retail sales in Russia,
108 RUSSIA Country Report June 2019 www.intellinews.com