Mass Media To Lose Customs Concessions

The Russian State Duma refused to extend customs concessions for the mass media and other printed publications on Friday of last week.

<BR>The Russian State Duma refused to extend customs concessions for the mass media and other printed publications on Friday of last week.<BR>Publications still printed in Finland will thus have to pay significant customs duties and charges connected with import and export from 1 January 1999. Prices will rise, on average, by 25-27%. The price change will primarily affect 'glossy' magazines and high quality books, as there are not yet the facilities to print these in Russia. <BR>Igor Averianov, deputy general director of the St Petersburg State Newspaper Complex, says, "Theoretically, we should expect an influx of clients. The thing is, black and white products can already be printed well in Russia. Colour is another question altogether."<BR>The chief accountant at publishers Zolotoi Vek, Antonina Anufrieva, calculates that prices will rise by approximately one quarter. Prices will also rise on products printed in Russia, as a large part of printing materials are imported from abroad.