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For graduates who have completed higher education in an area other than Economics, they have mandatory equalizing semester! The courses in the equalizing semester are: General Economic Theory, Fundamentals of Accounting, Finance, International Business, European Economic Integration.


Global Problems of Modernity
EU Environmental Policy
Circular Economy
Life Cycle of Raw Materials, Materials and Products
Waste Management
Intercompany Collaboration
Partnership and Coordination of Regional Projects
Tax Practices and Solutions
Financial Models in the Circular Economy
Technology Entrepreneurship and Innovation


Sustainable Business Systems
Circular Economy And Resource Efficiency
Technological Infrastructure
Investment Evaluation
EU Institutional System
EU Structural Instruments
EU Law
Business Intelligence Analyses


Circular and Green Economy
Social Interaction
Change Management
Design Management
Sustainable Architectural Solutions
Master Class / Graduate Seminar


The training in VFU Master`s degree programmes is one of the most flexible ones available in Bulgaria. Apart from the mode of training, you have a wide range of elective and optional courses to choose from. In this way, you can build your competencies in the realm you want and start a unique portfolio. For more detailed information, please download the syllabus and / or the presentation.




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Educational and qualification degree and professional qualification:

Master of Economics

Mode of study:


Duration of training:

- 2 semesters - for bachelors of the professional area of Economics
- 3 semesters - for bachelors / masters in specialties other than Economics

Profile of the specialty:

Master`s degree programme in Circular Economy offers specialized training on topical problems of efficient resource management, including waste management and environmental protection in accordance with international, European and national criteria and requirements.
ОThe training of the students in the master`s degree programme in Circular Economy is conducted in accordance with the European Credit Transfer and Accumulation System (ECTS), which enables mobility of students and lecturers, implementation of placements and internships (including in the EU institutions) , participation in master classes, conferences, roundtable discussions, etc. The training is conducted according to a syllabus developed and approved by the Department of Informatics and Economics, Faculty of International Administration and Economics.
The syllabus includes master classes with the participation of foreign scientists and practitioners. Interactive training methods, which include multimedia presentation of lectures, discussions, teamwork, business and role games, case studies, etc., are mostly used.

The master`s degree programme is intended for the preparation and training of students, managers and experts with professional interests in the field of ecology and funding of sustainable development and environmental protection projects. For this purpose, the syllabus of the specialty includes fundamental and specialized courses, which develop the knowledge and skills of the students in the field of ecology and sustainable development, circular economy and project management. The education is a solid foundation for successful implementation in the administration, national, European and other international institutions.

The graduates with a master`s degree received in the master`s degree programme in Circular Economy can work as managers and specialists in the state and local administration, international and national financial organizations, as well as in manufacturing and trading companies with international activities. The programme offers a broad profile of the knowledge and skills relevant to the modern European Union activities at a macro and micro level.

The aim of the training is to provide students with the necessary volume of interdisciplinary theoretical knowledge and practical skills for successful work in public administration, business organizations and international institutions. As a result of the training, the students should acquire and demonstrate specific knowledge and skills for: sustainable development, structure of materials and management of their use, international financial institutions, international trade and EU financing, analysis and evaluation of sustainable enterprises with international activity, schemes for financing international projects, international finance and financial reporting standards, forms and methods of payment in international business.

Career prospects:

The programme graduates should be: Competent; analytical; creative, open to innovation; with a desire for self-development and lifelong learning; capable of occupying managerial positions in local and international businesses in the public and private sectors.

The programme graduates can pursue careers as: corporate managers, financial analysts, investment and capital restructuring specialists, in thetax and public administration agencies, as business management specialists in commercial banks, financial houses and investment funds, consultants in the areas of sustainable business units and waste management, financial services consultants, in the field of circular economy and monetary interventions, as business consultants and consultants at the departments of environmental development of national and international corporations. The master`s degree programme in Circular Economy is intended both for bachelors and masters in Economics, and for graduates from other professional areas.

ЗThe graduates of the master`s degree programme in Circular Economy fully meet the requirements for career development in accordance with the job descriptions of the most up-to-date and permanently sought specialists in the different areas of the business:

• Investment banks and companies;
• National and international companies;
• State agencies and organizations;
• European and global organizations in the sphere of management, economics, finance, banking, marketing, international business;
• Administrative positions in national and international organizations;
• In business structures – firms and companies
• Research institutions;
• Educational activity - in specialized schools and universities in the country and abroad, etc.

Highlights in the training:

The highlights in the training are: Global problems of modernity; EU environmental policy; Circular economy and resource efficiency; Eco-entrepreneurship; Circular and Green Economy; Sustainable architectural solutions, etc.

Out-of-class workload:

It Includes development of projects on the basis of real organizations, formation of teams of students for the creation and development of training companies that prepare and implement business projects in the process of their training during all semesters. The students who have proved themselves and defended business ideas and projects before an expert committee can apply for financing and starting a real business.

The students can participate in the annual conferences of young researchers, summer schools and internships at the Faculty of International Economics and Administration, in roundtable discussions, master classes and attend lectures by leading world scientists organized at the university.

Placements and internships:

Students can take part in an internship carried out at the European Institutions in Brussels, as well as in Erasmus + Mobility, which enables them to explore European business and successful performance in an intercultural environment.