The Armenian State University of Economics (ASUE) was founded in 1930. It is the largest economic educational institute in Armenia, with more than 30,000 alumni, and is a member of the Association of Economic Universities of South and Eastern Europe and the Black Sea Region. The university offers bachelor, master’s and PhD programmes. The university has educational and scientific relations with several foreign universities. ASUE’s vision is to become one of the most competitive universities in Armenia and to implement deep research by 2018.