University of National and World Economy

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University of National and World Economy
Университет за национално и световно стопанство
Latin: Universitas de nationalibus et mundi oeconomia
Motto Духът прави силата
Motto in English
The Spirit Makes The Power
Established 1920
Type Public
Rector prof. dr. Statty Stattev
Academic staff
Administrative staff
Students 21 430[1]
Location Sofia, Bulgaria
Campus Urban
Colors Purple

The University of National and World Economy (Bulgarian: Университет за национално и световно стопанство) is a university located in Sofia, Bulgaria. It was formerly known as the Karl Marx Higher Institute of Economics.



University of National and World Economy (UNWE) is one of the biggest and oldest higher educational institutions of economics in the Republic of Bulgaria and South Eastern Europe with a history of more than 95 years.[2] It was co-founded by Stefan Bobchev and the Russian emigre Peter Bogaevsky.

UNWE was founded in 1920 as the Free University of Political and Economic Sciences (FUPES) with ordinance of the Minister of Public Education. In 1940 FUPES was transformed into the State Higher Education School of Finance and Administrative Sciences (SHESFA) and in 1947 SHESFA was transformed into a Faculty of Economic and Social Sciences at Sofia University.

Communist period

Monument of Karl Marx in UNWE

The autonomy of the higher school was regained during Communist period in Bulgaria in 1952 under the name Higher Institute of Economics (HIE). In 1953 the institute was named after Karl Marx.

Democratic period

After the democratic changes in Bulgaria, the Academic Board (AB) passed a resolution renaming the Karl Marx Higher Institute of Economics into the University of National and World Economy (On 27 April 1990 ). Officially this was done with an act of the National Assembly of the Republic of Bulgaria on the establishment and transformation of higher educational institutions (26 July 1995).

Prof. Statty Stattev is the current rector of the university, elected in December 2011.[3]

International Activity

UNWE is a leading and coordinating university for Bulgaria in the Central European Initiative for university networking.[4] Development of programmes providing mobility for students and academic staff (in the form of seminars, summer school or a master's degree programme) is in its initial stage. Application for funded joint education is done on the basis of already established contacts with universities from CEI member states whenever students and academic staff are in another foreign university.


Simeon Djankov is a Bulgarian economist. In 1989, he passed the entrance exam to the UNWE with the highest national scores. From 2009 to 2013, he was the Deputy Prime Minister and Minister of Finance of Bulgaria in the government of Boyko Borisov. Also he was a Chief economist of the finance and private sector vice-presidency of the World Bank

University of National and World Economy is the eldest, the most prestigious and the largest University of Economics in Southeast Europe, a leader in Bulgarian higher education. In 2006 UNWE was given the highest institutional evaluation among all Bulgarian universities by the National Agency for Assessment and Accreditation, in 2007 the professional field of Economics and in 2008 the professional fields of Administration and Management also received the highest estimate that has been given so far in Bulgaria.

UNWE is the first in the rankings of Bulgarian and foreign universities with economic concentration. The University took the 1st place in Bulgaria, 28nd place in Europe and 64th in the world ranking of business universities worldwide worked out from the Supreme consortium of 126 research centers and institutes under the Ministry of Education of Spain.[5] The Consortium is the largest research organization, which makes global ranking of the universities from all over the world. University of National and World Economy is the absolute leader among students in the professional fields of Economics, Administration and Management. By this criteria, according to the ranking system of the Ministry of Education and Science and the Open Society Institute, UNWE is № 1.

Ranked by its social insurance income and by the number of registered unemployed UNWE again occupies the top positions: the professional field of Informatics and Computer Science (with an average insurable earnings of 1615.68 lv.) is at the 8th place followed by the professional field of Economics (with insurance income of 1264.80 lv.). 0.00% graduates of the professional field of Tourism have registered as unemployed. "Administration and Management", "Law" and "Political Science" at UNWE are the other professional fields at the forefront. It means that all of the six professional fields of education at UNWE are at the first positions in the rankings. It is the rating of 112 professional fields of higher education institutes in our country which give the students the opportunity to achieve the highest level of material well-being.

Kristalina Georgieva is a Bulgarian economist and administrator, currently serving as European Commissioner for Budget and Human Resources in the college of the Juncker Commission.PhD in Economics and an MA in Political Economy and Sociology from the University of National and World Economy in Sofia, Bulgaria.

Traditionally, the highest number of applicants as well as a record number of A students study at UNWE in comparison to other universities in the country. For admission at the university since 2007 there is a unified exam (test) similar to the SAT test and since 2008 it is under the professional fields.

The University ranks first in Bulgaria by the realization of its graduates and the majority of them hold extremely favorable positions in the labor market. State and private employers adopt UNWE as a synonymous with excellent training and professionalism of its graduates. It is not a coincidence that UNWE is known as Bulgarian Harvard – the university where state, political and business elite of Bulgaria is trained. Only in the recent few years among its graduates there are four prime ministers, vice prime ministers, ministers, a president of the National Assembly, many deputies, a President of the National Audit Office, a chief prosecutor, a lot of bankers, businessmen and many others.

Academic profile

Maxima Aula

Under regular and distance form of education are trained more than 20,000 students at UNWE. There are 39 majors for bachelor's degree (in four of them – Economics, International Economic Relationships, Finance and Accounting, Business Informatics – the education is only in English) as well as over 40 graduate programs.

The University has been awarded the Certificate of quality in education according to ISO 9001:2000.

UNWE is the coordinating university for Bulgaria in the Central European initiative for inter-university relationships and it is in collaboration with over 100 universities of US, Europe and Asia.

The implemented credit system allows foreign students at UNWE to earn credits at the University, as well as current students at UNWE to graduate from foreign universities with a diploma.

The university issues an almanac, a yearbook and "Scientific Works", the scientific magazine "Economic Alternatives" and the "UNWE newspaper" . The material facilities have been completely renovated in the recent years.


University of National and World Economy main building

The building of UNWE is a 41 thousand square meters built up area and there are 120 auditoriums, a lot of computer rooms, offices, laboratories, 367 study rooms, a modern library with 100 computer workstations and free Internet access, a ceremonial hall, some modern conference rooms, an electronic system of information services for students, a publishing house, a printing house, a bookshop, a website, a sports center, dormitories for nearly 5000 students, health – educational facility in Ravda and many others.


UNWE has 8 faculties and 32 departments.

Year founded
Faculty of Finance and Accounting
Faculty of Business
Faculty of General Economics
Faculty of Law
1991 (1920)
Faculty of International Economics and Politics
1995 (1975)
Faculty of Economics of Infrastructure
Faculty of Management and Administration
Faculty of Applied Informatics and Statistics

At UNWE there are:

  • 8 faculties:
  • 36 departments
  • Sectors "Master degree" and "Institute of Postgraduate Qualification"
  • Center for Distance Learning
  • Institute of Economic Policy
  • Institute for Entrepreneurial education
  • Center for Intellectual Property Studies (the only one in Bulgaria)
  • Inter-university Center for Career Development, etc.
  • Faculty of General Economics
    • Economics
    • Political Economy
    • Human Resources and Social Security
    • Intellectual Property
    • Economic Sociology
  • Faculty of Business
    • Industrial Business
    • Entrepreneurship
    • Economics of Natural Resources
    • Economics of real estate
    • Physical Education and Sport
  • Faculty of Management and Administration
    • Management
    • Public Administration and Regional Development
    • Marketing and Strategic Planning
  • Faculty of Finance and Accounting
    • Finance
    • Financial Control
    • Accounting and Analysis
  • Faculty of Economics of Infrastructure
    • Media and Communications
    • Economics of Transport
    • National and Regional Security
    • Economic Logistics
    • Economics of Tourism
    • Economics of Commerce
  • Faculty of International Economics and Politics
    • International Economic Relations and Business
    • International Relations
    • Political Science
    • Foreign Languages and Applied Linguistics
  • Faculty of Law
    • Private Law
    • Public Law
    • Criminal Law
  • Faculty of Applied Informatics and Statistics
    • Information Technology and Communications
    • Statistics and Econometrics
    • Mathematics


  1. "Вестник на УНСС", бр. 6015, 2015 г. стр. 1.
  2. "History of UNWE ", website UNWE, 28 September 2012
  3. "Prof. Statty Stattev Is The New Rector of UNWE", website UNWE, 19 December 2011
  4. "Activity of UNWE ", website UNWE, 26 April 2000

External links