Online ad spend in Europe rose by 20% in 2008

Online ad spend for the 19 largest markets in Europe (Austria, Belgium, Croatia, Denmark, Finland, France, Germany, Greece, Hungary, Italy, Netherlands, Norway, Poland, Romania, Slovenia, Spain, Sweden, Turkey, UK) rose by 20% in 2008 to hit €12.9bn.
Source: IAB Europe/PWC, June 2009. See the full presentaiton here