Founded in 1977, Russian Presidential Academy of National Economy and Public Administration is a non-profit public higher-education institution located in the urban setting of the large metropolis of Moscow (population range of over 5,000,000 inhabitants). Officially recognized by the Ministry of Science and Higher Education of the Russian Federation, Russian Presidential Academy of National Economy and Public Administration (RANEPA) is a very large coeducational Russian higher education institution. Russian Presidential Academy of National Economy and Public Administration (RANEPA) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees, doctorate degrees in several areas of study. This 45 years old Russian higher-education institution has a selective admission policy based on entrance examinations and students' past academic record and grades. The admission rate range is 0-10% making this Russian higher education organization a most selective institution. International students are welcome to apply for enrollment. RANEPA also provides several academic and non-academic facilities and services to students including a library, housing, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.