Table of Contents Introduction.......................................................................................3 1.WHAT IS INTERNET TECHNOLOGY ?.................................................................3 1.1 Internet ..........................................................................................3 1.2 Internet background ..........................................................................3 1.3 Recent trends in Internet.....................................................................4 1.4 Sectors that the Internet can affect.........................................................4 1.5 Small business...................................................................................4 1.6 Web advertising and E-commerce..........................................................5 1.7 Up-to-date market information.............................................................5 1.8 Foreign companies.............................................................................5 1.9 Distance learning........................................................................... ...6 1.9.1 Development of banking.....................................................................6 1.9.2 Other technology sectors.....................................................................6 1.9.3 Outsourcing....................................................................................6 2. INTERNET TECHNOLOGY AND GENERAL FACTS ABOUT GROWTH OF INTERNET IN RUSSIA ....................................................................................7 3. INTERNET FINANCIAL SERVICES IN RUSSIA............................................8 3.1 Internet financial services from foreign sites................................................8 3.2 Brick-and-mortar bank institutions online...................................................8 4. CONCLUSION......................................................................................8 5. BIBLIOGRAPHY..................................................................................9 Introduction. Nowadays the global economy is …showed first 75 words of 3385 total…

…showed last 75 words of 3385 total…legislation 2. Absence of unified payment systems, which are trusted and accepted by both buyers and sellers 3. Low Internet penetration 4. Virtual monopoly of phone services providers 5. Low income level of the Russian population One of the important barriers that can be seen serious problem for development of Internet in regions of Russia is a poor communication system (telephone). It would be very useful to consider in the government's budget such expenses like reconstruction of telecommunication system.