University of Economics – Varna has been accepted as an associate member of the International Network on Financial Education (INFE), established in 2008 at the Organization for Economic Cooperation and Development (OECD).
Currently, the International Network on Financial Education (INFE) has more than 270 members from more than 125 countries and is a tool for conducting comparative research and analysis, developing methodologies, good practices, policy instruments, etc. on financial issues, literacy and financial education.
By joining the International Network for Financial Education (INFE), UE – Varna will be provided access to various international formats, which identify good practices and exchange experience in the field of financial literacy.
The Bulgarian National Bank, the Ministry of Finance of the Republic of Bulgaria and the Financial Supervision Commission are full members of the International Financial Education Network INFE. The Bulgarian Fintech Association is also an associate member. The academic community is currently represented by associate members - the University of Economics – Varna and the Faculty of Economics (part of Sofia University "St. Kliment Ohridski").
At the end of 2018, the Organization for Economic Cooperation and Development through the International Network INFE launched a five-year project in the field of financial literacy of the population (2018 - 2022). Since April 2020, the Ministry of Finance of the Republic of Bulgaria is a full member of INFE and project coordinator for Bulgaria. As a result of the project activities it is envisaged to prepare and adapt initiatives for financial education of the population, incl. the National Strategy for Financial Education, with students being among the main target groups.
University of Economics - Varna participates in the development of the National Strategy for Financial Education and Action Plan to it for the period 2021 - 2025. The Strategy and the Plan were adopted by a Decision of the Council of Ministers dated February 10, 2021.
For the implementation of the measures set in the Action Plan (2021 - 2025) to the National Strategy for Financial Education, their regular reporting and planning, as well as for implementation and reporting of additional activities for implementation of the objectives of the Strategy, by Order of the Minister of Finance On June 30, 2021 a permanent working group was formed, in which the University of Economics – Varna is represented by Assoc. Prof. Dr. Nedyalko Valkanov, Department of Finance.
Assoc. Prof. Dr. Nedyalko Valkanov is also the contact person for the University of Economics – Varna in the International Network for Financial Education INFE.
12 Jul 2021
