UNWE

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
Type	Public
Established	1920
Rector	prof. dr. Statty Stattev
Academic staff	871
Administrative staff	200
Students	21 430
Location	Sofia, Bulgaria
Campus	Urban
Colors	Purple
Website	http://unwe.bg/en

Coordinates: 42°39′3″N 23°20′55″E / 42.65083°N 23.34861°E / 42.65083; 23.34861

The University of National and World Economy (Bulgarian: Университет за национално и световно стопанство) is a university located in Sofia, Bulgaria. It 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 nearly 100 years.

UNWE was founded in 1920 as the Free University of Political and Economic Sciences (FUPES) by Stefan Bobchev and the Russian emigre Peter Bogaevsky 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.

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.

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).