More consolidation has hit the Russian book market as Oleg Novikov, the owner of AST and Eksmo, has agreed to purchase Drofa, a leading education publisher.
Russia’s $3.3bn Publishing Marketplace: An Overview
Piracy, distribution issues, closing bookstores hasn’t slowed Russia’s $3.3 bn book market, and opportunities still abound, says Eksmo CEO Oleg Novikov.
IPA Joins Criticism of Russia’s Anti-LGBTQ Bill
The International Publishers Association warns that ‘publishers will find themselves at risk’ under the proposed Russian legislation.
Russian Book Market: Paper Shortages and Prices Challenge Recovery
Despite having more than 20 percent of the world’s forests, Russia is market with a paper shortage that means higher book prices.
Coronavirus Worklife: Russian Publisher Cites Up to 75-Percent Profit Loss
The Russian market’s book publishing sector has been designated by the state as eligible for special financial support during the pandemic.
Coronavirus Worklife: Russian Publishers See Bookstore Sales Plummet
As much as 75 percent of the Russian book industry’s usual domestic profits may be lost during the closures of physical bookstores in the pandemic.
Russian Publishing Players Warn of Losses if VAT on Books Is Raised
Even as many parts of Europe have seen an easing of VAT rates on digital reading, Moscow is planning to raise its tax rate on books.
Russian Booksellers Say Online Retail Competition Is Gaining Fast
The share of online sales of books could be as high as 35 percent in the Russian market within five years, according to one executive.
Expanding Its Presence at Frankfurt: Russia’s Eksmo Opens a New Outreach
Touting 7-percent growth in the first half of the year, Eksmo’s new general director, Evgeny Kapyev, is bringing a bigger stand to Frankfurter Buchmesse and a new list of Russian nonfiction and children’s books for sale in October.
It’s Springtime for Print, Say Some Russian Publishers: Others Eye Piracy, Discoverability Challenges
Some Russian publishers say that if piracy can be controlled, print can double its market share within years. Others caution that taxes and over-reliance on outdated authors is hampering growth.