University of National and World Economy is the largest as also the eldest higher educational institution of Economics in Bulgaria and Southeastern Europe and it has a history of 90 years.
University originates from the Free University of Political and Economic Sciences (FUPES) established by Order № 2155 of July, 5th, 1920 of the Minister of national education. In 1940 (by State Gazette, iss.№ 126 of June, 7th, 1940) it has been transformed into State Higher Institute of Finance and Administrative Sciences (SHIFAS) and then in 1947 it has been reorganized as a Faculty of Economic and Social Studies under Sofia University.
