"Itogi" (Moscow), No. 8 (350), February 25, 2003

In February 2003, Russian companies trying to do business online reported their results. According to their statements, the past year was quite successful, and next year is also expected to be no less good. The holding company ru-Net has announced its agreement with the International Finance Corporation (MFK) about investments in one of ru-Net's departments - TopS Business Integrator. This company works in the promising areas of the system integration market, integrating ERP and CRM systems and consulting in the sphere of telecommunications. In this respect, the planned investments of $6m by the MFK will be quite justified.

RosBusinessConsulting also reported its achievements, having summed up preliminary unaudited results for last year. Revenues of ОАО RBC Information Systems increased by 62 percent to $27.52m in 2002. According to the company, its share on Russia's Internet advertising market reached nearly 50 percent, and its share in Internet advertising for the business audience amounted to 90 percent.