CEU Business School will close its subsidiary of Romania, whereit offered an Executive MBA (EMBA) programme, in the wake of astrategic reorientation decision made by the management of CentralEuropean University (CEU) the business school is part of. CEUBusiness School is part of Central European University and isheadquartered in Budapest, being one of the oldest and mostprestigious business schools of Central and South-eastern Europe,founded in the '90s by a group of businesspersons including GeorgeSoros. The 78-year old billionaire has a fortune put at $11bn andhas invested around 420m euros in education in the past 20 years,the biggest private donation ever made to a European university,according to some estimates. The institution had offered EMBAprogrammes in Romania since 2006. "One of the conclusions of recentmonths' assessments is that operations outside the campus, such asthe Bucharest ones, are no longer compatible with CEU's newstrategy. Therefore, the programme will end when studentsregistered at present finalise their studies," says Oliver Olson, acountry manager for Romania with CEU Business School.
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