Azerbaijan State University of Economics

Azerbaijan State University of Economics

Azerbaijani: Azərbaycan Dövlət İqtisad Universiteti
Building of Azerbaijan State Economic University in Istiglaliyyat Street
Type	Public
Established	June 19, 1930
Rector	Prof. Adalat Muradov
Academic staff	20 faculty
Students	22,000
Location	Baku , Azerbaijan 40°22′N 49°50′E / 40.37°N 49.83°E / 40.37; 49.83
Website	unec.edu.az
Location in Baku, Azerbaijan Show map of Baku, Azerbaijan Azerbaijan State University of Economics (Azerbaijan) Show map of Azerbaijan

Azerbaijan State University of Economics (Azerbaijani: Azərbaycan Dövlət İqtisad Universiteti) is a public university located in Baku, Azerbaijan. UNEC was founded in 1930, and it is one of the biggest educational institutions of the South Caucasus. UNEC has 14 faculties, where 18.5 thousand students get education, also has 5 branches, and it offers master programs in 57 specialties, employing more than 1000 teachers, including 62 professors and 344 docents, among whom there are active members of the Azerbaijan National Academy of Sciences, New York Academy of Sciences, winners of state awards, honored teachers and scientists. UNEC is a full member of the European University Association, Federation of the Universities of the Islamic World, University Council of Organization of the Black Sea Economic Cooperation and Eurasian Association of Universities. Foreign students enrolled in undergraduate and graduate courses at UNEC are approximately 650 out of 18,400 student enrollment overall.

In 2007, a Library and Information Center and a student Career Center started functioning at UNEC and also a new 7-floor educational building that meets the highest international standards was opened. The same year UNEC received the “European quality” award and the European Club of Rectors and European University Association. On its Main Building on Istiglaliyyat street, a 24/7 open library is operating since 2018.

The strategic direction of UNEC development was to bring the educational process up to the international standards by 2010, finishing the international accreditation process and ensuring full compliance with Bologna Process, as well as more active participation in the international market of educational services. Currently, the university is chaired by rector professor Adalat Muradov and five vice rectors.^[2][3]