D. A. Tsenov Academy of Economics

What D. A. Tsenov Academy of Economics does

D. A. Tsenov Academy of Economics is a Bulgarian state higher education institution headquartered in Svishtov, founded on 8 November 1936 as the Higher Commerce School and transformed into its current form by decision of the 37th National Assembly in 1995. It specializes in economics, finance, business administration, management, marketing, accounting, tourism, and related disciplines, offering Bachelor's (18 specializations in Economics and 2 in Administration/Management), Master's, and Doctoral programs, alongside continuing education delivered through the Centers for Continuing and Elective Education (ЦСФО) and Professional Training (ЦПО). The academy serves prospective students recruited through a nationwide network of physical exam centers, a dedicated call center, an online application portal, national student competitions, and Erasmus+ mobility, with international students flowing through 100+ bilateral partnerships.

The technology stack is built around a dedicated distance-learning platform (dl.uni-svishtov.bg), electronic student registration, an electronic library (DLib) with citation lookup, WiFi coverage, Office 365 integration, and dedicated Centers for Digitalization of Education and Innovative Educational Technologies. Research infrastructure includes specialized laboratories (Bank Pireos, Grigor Nachovich, Deltastock, BulIns, Laboratory for Banking Sciences), a Smart Center for Scientific Research and Innovation, an International Scientific and Research Center, and the 2016-vintage Institute for Scientific Research. The 2026-launched H&ART Incubator within the KreativEU alliance extends the institution's footprint into entrepreneurship support.

Revenue is generated through a hybrid model: state-subsidized regular Bachelor's placements plus tuition-based Bachelor's, Master's, Doctoral, and Continuing Education fees set per semester and approved annually by the Council of Ministers. Application and admission fees supplement tuition, while additional income comes from the Tsenov Foundation, competitive research project financing, and corporate partnership internships with financial-sector and government partners (Fibank, UniCredit Bulbank, Allianz Bank Bulgaria, Bulstrad Vienna Insurance Group, CEZ Bulgaria, Customs Agency, National Revenue Agency). The academy holds ISO 9001:2015 certification from Lloyd's Register (UKAS) and institutional and program accreditations enabling diploma recognition across the EU, USA, and Canada.

Name

D. A. Tsenov Academy of Economics

Legal name

Стопанска академия "Димитър А. Ценов" - Свищов

Website

https://uni-svishtov.bg

Company type

Private

Founded year

1936

Operating status

Operating

Short description

D. A. Tsenov Academy of Economics is a Bulgarian state higher education institution founded in 1936, headquartered in Svishtov, offering Bachelor's, Master's, Doctoral, and continuing education programs in economics, finance, business administration, and management to up to 16,000 students.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Colleges, Universities, and Professional Schools (61131), Professional and Management Development Training (61143)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Marketing, Sales & Brand Management Schools (EDAHAHAE)

Keywords

• Higher education services
• Economics university programs
• Business administration degrees
• Distance learning courses
• Doctoral research programs

Headquarters

HQ city

Svishtov

HQ country

Bulgaria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Bachelor's Tuition (OKS Bachelor): Semester-based tuition fees for students in bachelor's programs. State-subsidized regular form of study and fee-paying forms (regular, part-time, and distance learning). Fee amounts are approved annually by the Council of Ministers based on the Academic Council's proposal.
2. Master's Tuition (OKS Master): Tuition fees for master's programs with various specializations in economics, finance, marketing, and management.
3. Doctoral Programs Tuition: Tuition fees for doctoral programs including project-based doctoral positions funded by operational programs.
4. Continuing Education Programs: Revenue from post-graduate, elective, and professional training programs offered through the Center for Continuing and Elective Education (ЦСФО) and Center for Professional Training (ЦПО).
5. Application and Admission Fees: Fees for candidate student applications and entrance examinations.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

D. A. Tsenov Academy of Economics is a Bulgarian state higher education institution offering Bachelor's, Master's, Doctoral, and Continuing Education programs in economics, finance, business administration, management, marketing, tourism, and related disciplines. It delivers education through regular, part-time, and distance learning forms, supported by an e-learning platform (dl.uni-svishtov.bg), specialized research laboratories, and an H&ART business incubator. The academy also provides professional training, career development services, and library resources, operating as a comprehensive university with state accreditation since 1936.

Product overview

D. A. Tsenov Academy of Economics operates as a comprehensive higher education institution offering a multi-tiered academic portfolio consisting of Bachelor, Master, and Doctoral programs across economics and administration disciplines. The academy provides technology-enhanced learning through its dedicated e-learning platform (dl.uni-svishtov.bg) and supports entrepreneurship through the H&ART Incubator under the KreativEU alliance. Additional services include continuing education, career development, and extensive library resources supporting its academic mission.

Differentiator

Problem solved

Functional benefit

Brands

• Вестник "Алма Матер": Academic newspaper published since 1938 (initially as 'Мисъл' and later 'Дунавски студент'), covering academic life, news, and achievements of the academy community.
• H&ART Incubator
• Академично издателство "Ценов"

Products and services

• Bachelor's Degree Programs Undergraduate degree programs in economics and business administration for high school graduates and prospective students. Available as state-subsidized regular form (no tuition) or fee-paying regular, part-time, and distance learning forms.
• Master's Degree Programs Graduate degree programs with advanced specialization tracks for bachelor's degree holders seeking professional qualification, career advancement, or specialization in specific economic fields.
• Doctoral Programs PhD research programs in scientific specialties within economics, business administration, finance, marketing, tourism, accounting, statistics, and agricultural economics for candidates pursuing academic careers.
• Continuing Education Programs Professional retraining, specialization, and continuing education courses for working professionals seeking career development and new skills acquisition. Offered via faculty-based elective education, postgraduate studies, and vocational training tracks.
• E-Learning Platform Distance learning platform enabling electronic education, online examinations, digital course delivery, and electronic student registration across all bachelor's, master's, and continuing education programs.
• Academic Library Services Electronic and physical library services providing catalog access, citation tracking, digital resources, and databases for students and researchers across all programs.
• Career Development Center Career counseling, internship placement, alumni networking, and professional development support service connecting students and graduates with employment opportunities.
• H&ART Incubator Entrepreneurship incubator within the KreativEU alliance offering mentorship, resources, and incubation support for students and young researchers developing creative and innovative business ventures.

Quantifiable outcome

• Over 100,000 graduates integrated through alumni networks
• +2 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered core and minor.

• University of Mansura (Egypt)coreStrategic or Co-development Partner · 13 July 2026Bilateral cooperation agreement signed in July 2026 expanding international collaboration with the University of Mansura in Egypt for academic exchanges, joint research, and student mobility.
• KreativEU AlliancecoreStrategic or Co-development PartnerInternational university alliance focused on creativity, culture, education, and innovation. The Academy participates in blended intensive programs and operates the H&ART Incubator within this alliance.
• FibankcoreStrategic or Co-development PartnerFibank launches annual internship program for Academy students, providing practical work experience and potential employment pathways.
• Erasmus+ Partner UniversitiescoreStrategic or Co-development PartnerOver 100 bilateral partnerships with European universities for student and staff mobility, joint projects, and academic exchanges through the Erasmus+ program.
• ZAD Bulstrad Vienna Insurance GroupminorStrategic or Co-development PartnerInsurance company partnership for student internships and cooperation in insurance studies.
• UniCredit BulbankminorStrategic or Co-development PartnerBanking partner providing financial services and student cooperation opportunities.
• Allianz Bank BulgariaminorStrategic or Co-development PartnerBanking partner for financial services and student cooperation.
• JobTigerminorGTM or Marketing PartnerCareer services partner providing internship and employment assistance for students and graduates.
• CEZ BulgariaminorStrategic or Co-development PartnerEnergy sector partner for student internships and cooperation.
• Customs AgencyminorStrategic or Co-development PartnerGovernment partner for student internships and cooperation in customs and trade.
• European University Association (EUA)coreStrategic or Co-development PartnerMembership in the Association of European Universities for collaboration and best practice exchange.
• Network of Institutes and Schools of Public Administration (NISPA)coreStrategic or Co-development PartnerMembership in the Network of Institutes and Schools of Public Administration in Central and Eastern Europe.
• Central European Network for Sustainable and Innovative Economy (CENetSIE)coreStrategic or Co-development PartnerMembership in the Central European Network for Sustainable and Innovative Economy for research collaboration.
• Association of Economic Universities of SE Europe and Black Sea Region (ASECU)coreStrategic or Co-development PartnerMembership in the Association of Economic Universities for regional collaboration.
• Black Sea Region and South Mediterranean Academic Network (BSEMAN)coreStrategic or Co-development PartnerMembership in the Academic Network of Universities from the Black Sea Region and South Mediterranean.

Scale indicators6 records

Recent moves11 records

Expansion highlights6 records

Regional players

• Prague University of Economics and Business: Czech Republic's leading economics university, structurally analogous to the Academy: state-funded, founded in the 1950s, with similar program breadth in economics, finance, and management. Comparable in size, age, and mission, but serves the Czech market and benefits from Prague's stronger international visibility.
• Corvinus University of Budapest: Hungary's premier economics and business university with similar heritage (founded 1948), state governance, and program portfolio. A regional benchmark for the Academy, especially given Hungary's larger economy and stronger international brand, particularly in finance and economics.
• University of Economics in Bratislava: Slovakia's principal state economics university with parallel historical origins, state funding, and program portfolio. As a fellow V4 (and formerly COMECON) economy university, it provides structural and competitive comparability in the CEE region.
• WU Vienna (Vienna University of Economics and Business): Austria's largest business and economics university and a regional benchmark. While substantially larger and more international, WU represents the upper-bound aspiration for the Academy in terms of program prestige and research output within the CEE/DACH geography.
• Bucharest University of Economic Studies (ASE): Romania's largest economics university, founded 1913, with a comparable role in its national higher education ecosystem. Offers similar economics, finance, and management programs and operates under parallel EU regulatory and accreditation frameworks.

Direct peers

• University of National and World Economy (UNWE): UNWE is Bulgaria's largest and most established economics and business university, also state-funded and headquartered in Sofia. It is the closest direct competitor for Bulgarian economics students, overlapping substantially in bachelor's, master's, and doctoral economics programs, and competing for the same faculty, employer partners, and regulatory oversight from the Ministry of Education.
• Sofia University "St. Kliment Ohridski": Sofia University's Faculty of Economics and Business Administration offers overlapping economics, finance, and management programs in the same Bulgarian higher education ecosystem. As the country's most prestigious comprehensive university, it competes with the Academy for top applicants and the same employer partnerships, and benefits from a Sofia location.
• Varna University of Management: Bulgarian management-focused institution competing for similar business and economics students, with stronger emphasis on international programming. Its English-taught programs and management orientation make it a direct competitor for fee-paying and international student segments.
• University of Economics - Varna: Another Bulgarian state economics university with similar program portfolio (economics, finance, management, tourism). It competes for the same domestic applicant pool and operates with similar state-funding and tuition regulations, making it a near-direct structural peer in scale and scope.

Broad incumbents

• WHU – Otto Beisheim School of Management: A top-tier German private business school offering competing economics and management programs at the European level. It represents the kind of international, accreditation-rich competitor the Academy faces in cross-border student recruitment, particularly for master's and continuing education segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC0ioS8w7n5MlWaRWofMLVEA
• Facebookfacebook.com/taesvishtov
• LinkedInlinkedin.com/company/tsenov-academy-of-economics---svishtov

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about D. A. Tsenov Academy of Economics