It was created on 10 October 1967 as Sverdlovsk institute of national economy (Russian: СИНХ) on the basis of a faculty of Ural State University and Sverdlovsk branch of Moscow Institute of the National Economy.
Nowadays it specialises on educating students in a large variety of professions.
The current head of the university is Yakov Petrovich Silin.
[2] The University has trained more than 40 specialists for national economy various branches and contains 7 faculties.
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