The East European Institute of Economy in Białystok (Polish: Wschodnioeuropejski Instytut Gospodarki w Białymstoku) applied to the Ministry of National Education to establish the University of Finance and Management in Białystok, which on August 17, 1993 was entered into the Register of Non-State Universities under item 23.

In 1996, on the initiative of Rector Józef Szabłowski, a university choir was established, whose founder and first conductor was Agnieszka Duda-Bienie.

In 1997, by virtue of a resolution of the Senate, two faculties were created: Finance and IT and Management and Marketing.

On December 30, 2022, in accordance with the decision of the Minister of Education and Science , the University of Finance and Management in Białystok changed its name to East European Academy of Applied Sciences in Białystok (WANS).

Master's degree courses in: Management and Marketing, Finance and Banking, and Regional Studies.