The Financial University under the Government of the Russian Federation has announced that it has launched the first peer-reviewed international journal on business and economics entitled the “Review of Business and Economics Studies”.

Despite reports that  Russia plans to delay its privatization programme and hold on to stakes in state companies such as Rosneft for longer, the country will push ahead with privatizations in 36 smaller companies but by auction, rather than by public share offering.In 2010 Russia announced plans to raise $50 billion in five years from reducing its stakes in the likes of oil major Rosneft and the country’s two biggest banks, Sberbank and VTB. The state will now auction stakes in 36 enterprises through the private Auction House of the Russian Federation. AHR has already sold £794 million worth of state assets including 100% of the National Hotel in Moscow for £97.6 mn and 44.2% of shares in Khanty Mansiisk Bank for £266.5mn.

The 36 companies the Russian state wi

In the first five months of this year Sheremetyevo International Airport increased its passenger throughput by 13.3% over 2012, reaching 10.5 million people. Passenger traffic on international routes in January-May 2013 increased by 12.8% and amounted to 6,683,000 passengers. On domestic flights, it increased by 14.2%, amounting to 3,825,000 air travelers

Sberbank Investment Research has published its third survey of the pan-Russian consumer, the Sberbank CIB Ivanov Consumer Confidence Tracker, the bi-monthly publication covering consumer spending, savings and confidence across the country. In addition to the consumer confidence index, this regular, proprietary publication provides a set of leading indicators for the most important trends across the fast-growth consumer sectors in Russia, including retail, banking, telecoms, media, IT, real estate and transportation.