Wroclaw University of Economics commences its activities in 1947 as a private, one-faculty College of Commercial Education. The University has four faculties: Economic Sciences, Management and Computer Sciences, Engineering and Economics and Regionals Economy and Tourism. Altogether it employs about 1600 people, including 880 academic teachers and 120 professors. The University is authorized to grant degrees, among them PhD and doctor habilitatus of economic science, organization and management. The University is ranked amongst the top Universities of Economics in Poland. It is an important center of education, science and research, and plays an important role in the international scientific community.