Professor Steve Hanke, known in this country as the "father of the currency board" will be awarded with the honorary title of Doctor Honoris Causa of Varna Free University "Chernorizets Hrabar" for his contribution to the development of modern economic theory and transfer of innovative practices to improve the economic and financial literacy of young people in Bulgaria.
The official ceremony will take place during the conference "Education and Business - Financial Education for a Sustainable Economy" on 11 May in Sofia, organized by Bulgaria On Air Media Group, Bloomberg TV and Investor.bg Media group AD.
"Some of the highlights of the activities of Varna Free University are the annual meetings of the academic community and students with world famous scholars and scientists from different fields of knowledge. The publications of Prof. Hanke and his contribution to the research and teaching process at Varna Free University, to the problems of applied economics and innovation patterns in business today are familiar and interesting to the scientific community and students and are broadly incorporated in the curricula. A number of research studies conducted by PhD students are based on his scientific theses", said Prof. Anna Nedyalkova, D.Sc., president of Varna Free University.
Varna Free University "Chernorizets Hrabar" is the largest private university in Bulgaria and established academic centre educating Bulgarian and foreign students. The university creates internationally convertible and competitive scientific and academic product. !0, 000 students are studying in more than 60 Bachelor’s and Master’s degree programs and 27 PhD programs.
The University is institutionally accredited by the National Assessment and Accreditation Council of Ministers of the Republic of Bulgaria with one of the highest marks in the country and is the only one in the country awarded with the prestigious European quality labels for quality of the educational process - DS Label, for the implementation of theEuropean credittransferandaccumulation system - ECTS Label and achievements in the field of research - HR Logo.
Varna Free University is the general partner of the conference "Education and Business - Financial Education for a Sustainable Economy", organized by Bulgaria on Air Media Group, Bloomberg TV and Investor.bg Media Group. The conference will be opened by Prof. Steve Hanke with a presentation on the topic of "The problem of financial education in Bulgaria. How to be solved?"
Steve Hanke is the author of the currency board system in Bulgaria, introduced in July 1997, which immediately stopped the hyperinflation in Bulgaria, economic adviser to the President Petar Stoyanov. Prof. Hanke’s CV includes also the post of adviser to the President Ronald Reagan and the Minister of Economics of Argentina as well as the office of President of the fastest growing investment fund 1995 - Toronto Trust Mutual Fund Argentina. He has traded with raw materials, currencies, shares and bonds for over 58 years. In 1995 his fund Toronto Trust Argentina, in Buenos Aires was the best performer in the world / + 79.25% / "The professor of thinking in the style of Wall Street" as Prof. Hanke is also called has been teaching for 45 years at Johns Hopkins University - an institution with an annual research budget of $ 2.2 billion.