The Faculty of Economics and Business Administration (FEBA) at St. Kliment Ohridski University in Sofia was re-established after the dramatic changes in 1990 in order to respond to the needs of the development of market economy and democratic society in Bulgaria. Eighteen years later the Faculty became one of the leading institutions for teaching and research in the field of Economics and Business in Bulgaria according to research papers of experts of the World Bank. Now FEBA produces high quality experts in economics and business. For achieving this FEBA has developed into a center of economic thought in Bulgaria with increasing international research activities and thus contributing to the integration of research in Europe and beyond.