Online advertising growing in Israel

Globes [online] reports turnover for Internet advertising in Israel was $21-25 million in 2003, an increase of 45-55% compared with 2002, when Internet advertising turnover was $13 million, according to a new Business Data Israel (BDI) survey.
The five leading Israeli websites are Walla!, MSN Israel, Y-net, Nana, and Tapuz, which collectively gain over 70% of total Internet advertising revenue. Israel’s other portals and business sites have less than 30%.