The expert commission of the Association of Communication Agencies of Russia (AKAR) has released the results [in Russian] of their quarterly analysis of development of advertising market in Russia. In Q1 of 2015 the total volume of advertising expenditures landed at about 63.5 billion rubles (approx. 1.1 billion Euro), which is 17 % lower than the same period 2014.
Advertising budgets were reduced in all channels, apart from online, which despite the economic crisis increased by 9%. Contextual advertising expenditures went up by 16%.