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.