Established in 1930, Azerbaycan Dövlet Iqtisad Universiteti (Azerbaijan State University of Economics) is a non-profit public higher-education institution located in the urban setting of the metropolis of Baku (population range of 1,000,000-5,000,000 inhabitants), Absheron. This institution also has a branch campus in Zagatal and Derbend. Officially recognized by the Azerbaycan Respublikasi Tehsil Nazirliyi (Ministry of Education of Azerbaijan), Azerbaycan Dövlet Iqtisad Universiteti (UNEC) is a large coeducational Azerbaijani higher education institution. Azerbaycan Dövlet Iqtisad Universiteti (UNEC) offers courses and programs leading to officially recognized higher education degrees in several areas of study. This 92 years old Azerbaijani higher-education institution has a selective admission policy based on entrance examinations. The admission rate range is 90-100% making this Azerbaijani higher education organization a least selective institution. International applicants are eligible to apply for enrollment. UNEC also provides several academic and non-academic facilities and services to students including a library, housing, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, online courses and distance learning opportunities, as well as administrative services.