In the early 1940s, the State University in Varna, St. Cyril Slavyanobulgarski (Bulgarian: Държавния университет „Свети Кирил Славянобългарски“) had two faculties, Economics and Technology.

The city of Varna had expertise in areas such as shipbuilding, mechanics, and building auto-body parts.

The main areas of study were: The lecture courses and practical engineering work were carried out in the State University/University of Economics-Varna building.

The laboratories in the institute were supported by the engineering community in the region and a few factories from North Bulgaria.

Higher Mechanical-Electrical Engineering Institute (HMEI-Varna) (Bulgarian: Висш машинно-електротехнически институт (ВМЕИ-Варна)) became the name of the university after a few years of work in the areas of machine technologies, shipbuilding and marine technologies, electrics and communications.

created and managed the Chair of Physical Metallurgy and Technology of Materials, and was actively involved in the development of the institute.

Vatev also served as deputy dean (re-elected three times), and was a founder and director of the Research Department of the institute.

Departments in the beginning of the 1970s: Since it first opened, HMEI-Varna has grown from a regional to a national technical institute.

In 1991, HMEI-Varna had six faculties: Machines, Machine-technology, Shipbuilding, Electricity, Computing, Legal and Automation.

The library includes books, scientific publications and technical atlases in Russian, Bulgarian, English, and other languages.

Founded in 2001, Technical University of Varna is the sole owner of the technology park.