University of Economics – Varna

Department of Business, Investment and Real Estate

The Department of Business, Investment, and Real Estate has succeeded the Department of Economics and Management of Construction, established in 1953. The first Head of Department was Assoc. Prof. Gancho Radev (1953 – 1956), followed by Assoc. Prof. Nediu Karabashev (1956 – 1966), Prof. Stanislav Hadzhiev, PhD, (1966 – 1975), Prof. Georgi Dimitrov, PhD (1975 – 1992), Assoc.Prof. Geno Genov, PhD (1992 – 2000; 2003 – 2005), Assoc. Prof. Ivan Zhelev, PhD (2000 – 2003),  Prof. Plamen Iliev, PhD (2005 – 2019); Assoc. Prof. Bozhidar Chaparov, PhD, (2019 – 2020), Assoc. Prof. Todor Raychev, PhD, has been Head of Department since Sep 2020.

All 13 members of this Department hold postgraduate degrees, with three professors and five associate professors among them.

The Department of Business, Investment, and Real Estate administers and successfully manages student training in these degree programmes: BSc Entrepreneurship and Investment Management, BSC Real Estate and Investment, BSc Business Economics, BSc Construction Business and Entrepreneurship, MSc Civil Engineering Entrepreneurship and Real Estate, and MSc Project Management.

The Department aims at training professionals who recognise national and international business practices, acknowledge the norms of economic development, and understand the organization, management, financing, accounting and analysis of economic activity.

As members of faculty constantly develop professionally and do prominent research, the Department is ready to meet the new challenges in the context of the united European educational environment.

Contact person

Donika Mihaleva

Donika Mihaleva

Donika Mihaleva

Admin Officer


+359 882164782