Established in 2002, University of Finance, Business and Entrepreneurship is a for-profit private higher-education institution located in the urban setting of the metropolis of Sofia (population range of 1,000,000-5,000,000 inhabitants), Sofia City. Officially recognized by the Ministry of Education and Science of Bulgaria, University of Finance, Business and Entrepreneurship (VUZF) is a very small coeducational Bulgarian higher education institution. University of Finance, Business and Entrepreneurship (VUZF) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees, doctorate degrees in several areas of study. This 20 years old Bulgarian higher-education institution has a selective admission policy based on entrance examinations and students' past academic record and grades. VUZF also provides several academic and non-academic facilities and services to students including a library, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, online courses and distance learning opportunities, as well as administrative services.