The General Assembly is the supreme governing body at the University of Economics - Varna.  It consists of 95 members: 67 professors and 5 lecturers, 16 students and doctoral students and 7 employees. The General Assembly elects the Academic Council and the University Rector by secret ballot.  It approves, adds and amends the University regulations.

The Academic Council defines and conducts the University academic and human resources policies. It passes resolutions on the university structure and the teaching curricula and timing and approves majors, student’s educational degrees, passes rules on academic and research activities. It comprises 35 members, professors, lecturers, students, doctoral students, and representatives of the administration staff.

The Rector presides over the Academic Council meetings and is in charge of the university activities. The Rector is facilitated by four Vice-Rectors and an Assistant Rector. 

The Controlling Council is an internal controlling body for the activities of the University of Economics – Varna. It comprises a Chairman, Vice-Chairman and members who are professors (senior academics) and representatives of the Students Council. The Controlling Council checks the legal consistency of the elections for the Governing Bodies and its Academic units. It issues an opinion on the draft budget of the University of Economics – Varna and monitors its implementation.

The Board of Governors supports the University of Economics – Varna with the effective and transparent   management and with providing quality education and training. It comprises 7 members: donors  of the University of Economics – Varna, celebrities with active civic position, representatives of employers,  as well as representatives of professional branch organizations: representatives of the Students Council and of the Minister of Education and Science.

The Students Council is another governing body relevant to the Governing bodies’ activities. The statute of the Students Council and its task, regulated by the Law on Higher Education, are to protect students’ interests. The Students Council consists of student representatives from all majors as well as doctoral students’ representatives. Its members are an integral part of the University governing bodies.