For other uses, see European University (disambiguation) Central European University (CEU) is a graduate-level, English-language university offering degrees in the social sciences, humanities, law, public policy, business management, environmental science, and mathematics. The university is located in Budapest, and is accredited in the United States and in Hungary. CEU has more than 1500 students from 100 countries and 300 faculty members from more than 30 countries. In 2010 the value of CEU's endowment was $880 million, making the university one of the wealthiest in Europe. CEU evolved from a series of lectures held in Dubrovnik, Yugoslavia, (now Croatia) before 1989. The University was founded in 1991 in response to the fall of the Socialist Bloc. The founding vision was to create a university dedicated to examining the contemporary challenges of "open societies" and democratization. The initial aim was to create a Western-modeled yet distinctly Central European institution that would foster inter-regional cooperation and educate a new corps of regional leaders to help usher in democratic transitions across the region.