The Faculty of Economics was established by separating from the Faculty of Agriculture on January 1, 2007. The faculty has adopted the European standards for university education and research and fully accepts the challenges of structural change and innovation in business with the aim of supporting regional economic and demographic stabilization. All three educational level study programmes – undergraduate, postgraduate, and doctoral – at the faculty respect the requirements consequent on the increasing globalization of study programmes and will offer tuition in chosen subjects, particularly within the postgraduate study programmes in foreign languages, such as English and German.
This is an enormous honor for the Faculty of Economics that Prof. James Sanford Rikoon has been awarded dr. h. c. mark of distinction. Professor James Sanford Rikoon will be the first proposed by the Faculty of Economics during the 10 years of its existence.