About VFU "Chernorizets Hrabar"

Students of Varna Free University "Chernorizets Hrabar" took part in the prestigious CFA Research Challenge competition, Bulgaria

For the second consecutive year students of Varna Free University "Chernorizets Hrabar" took part in the international student competition for financial analysts - CFA Institute Research Challenge 2017 organized by the CFA Society Bulgaria, which is the second edition for Bulgaria.


The CFA Research Challenge competition takes place on a global level under the auspices of the professional organization of certified financial analysts CFA Institute, which has over 135,000 members worldwide. The competition allows economics students to put into practice their knowledge of how to do an in-depth financial analysis of a public company. Then they have to present their arguments and give a team presentation of their analysis to demonstrate their presentation and public speaking skills.


After an introductory meeting held on 11 November, 2016, the organizers set the condition of the competition – to perform a financial analysis of a public company traded on the Bulgarian capital market, to prepare a report on the financial valuation of the company in English (not later than February 27, 2017) and subsequent presentation of the results, again in English. The task given to the participating student teams involved performing a financial analysis of one of the leading public companies on the Bulgarian capital market.Any analysis had to follow a certain structure and content with reasoned recommendation to investors under the standard "Buy, Hold or Sell". The company itself is the largest bank financed by Bulgarian capital among all public and non-public banks. According to the rules of participation, formation of teams of students under the supervision of lecturers from the academic staff was required for inclusion in the competition


Varna Free University was represented by a team of five students from the Faculty of International Economics and Administration - two bachelor’s degree students - Anastasia Pavlovna and Andrey Nikamov majoring in Digital Economy and three master’s degree students - Plamen Boev  majoring in Software Engineering, Radost Dzhurova and Severina Dimova, majoring in Financial and Banking Management and Marketing.


"The competition for financial analysis - CFA Research Challenge provides students the unique opportunity to immerse themselves in a real professional atmosphere and to apply knowledge and skills that their future employers of the capital market will require," said the chairman of the board of the Bulgarian CFA Association, Kalin Metodiev.



Under regulation, therecould only beone winner and for the second consecutive year the prize is awarded to the team of the American University in Bulgaria. Nevertheless, the participation of the team of Varna Free University was defined as extremely successful. The remarkable performance of the team is a result of the hard work of the lecturers of the Faculty of International Economics and Administration and is a good start to the successful professional development of the students.

by ВСУ Черноризец Храбър