In the beginning of the 20th century, in the territory of Central Asia – in Uzbekistan, three commercial educational institutions prepared specialists for commercial and industrial firms and banks. Officially, the highly qualified economists training  began on May 12, 1918, from the time of the establishment of  Turkestan State University. At the same time, the Faculty of Public Sociology and Economics began to prepare economists with higher education for Central Asia.

February 15, 1931 in Tashkent, the Planning Institute for the Training of Economists was created. After a while this Institute was renamed the Institute of National Economy, then the Commercial Cooperative Institute. 

Taking into consideration growing demand for economists, on August 13, 1931, the Central Asian Institute for Financial Economics was established on the basis of the Faculties of Economics and Social Sciences of Turkestan State University. As the result of which the Tashkent Financial and Economic Institute was created, which trained the employees of the financial and credit system for the Central Asian republics. There was the task of training highly qualified specialists in the financial and credit and accounting system for Central Asia. It was the first period of preparation of economists in Uzbekistan. On September 1, in 1931, the first bell rang at the institute, and the classes began in the old university building. At that time, the entrance to the institute was from  Arpa-poya street. A.S. Holikov (then director) was appointed to the post of rector (1931-1934).

The Central Asian Financial and Economic Institute was the basis, the foundation and the first perspective of the current TSUE. In reaching the stage of its formation and development, it has passed the path full of anxiety, controversy, complexity and glory. His work was aimed at preparing highly qualified economists who meet the requirements of the time, who are able to foresee the future and improve economic science to higher heights.

Studying the history of the university as a whole, testifies that many talented scientists, academicians and professors, doctors of economic sciences worked in leading positions and the post of rector of TSEU.
  The period of time, names and surnames of the leaders who worked at the post of rector are given in the table below.

Leaders (rectors) of the university from the moment of its creation to the present day,

Rectors Year Additional Information
1 Halikov I.U. 1931–1934
2 Sayduzov S.S. 1934–1938
3 Sirihov К.А. 1938–1940
4 Popov M.M. 1940–1942
5 Vlasenko S.H. 1942–1945
6 Каrакоzоv E.А. 1945–1947
7 Tursunov М.Т. 1947–1952
8 Каriev М.М. 1953–1974
9 Iskandarov I.I. 1975–1976 Академик
10 Sharifhodjaev М.Sh. 1976–1986 Академик
11 Zoitov М.А. 1986–1988
12 Gulyamov S.S. 1988–1998 Академик
13 Alimov R.H. 1999–2003
14 Gulyamov S.S. 2003–2005 Академик
15 Hodiev B.U. 2005–2010
16 Jumaev N.H. 2010-2012
17 Vahabov А.В. 2012-2014
18 Boltaboev М.R. 2015-2016
19 Hodiev B.U. 2016-2019
20 Sharipov K.A. Since 2019

The independence of the Republic and the gradual transition to a market economy, in turn, establish a new approach to all aspects of training. Life itself has set a number of tasks for modern specialists such as having the necessary information, being able to clearlythe goals and tasks of our country in conditions of independence, to be able to use this knowledge creatively in all spheres of life – production, culture, economy, social, spiritual and educational spheres.

The specialist of this period should be a specialist in his field, physically healthy, educated and fully developed. Educational, methodical and educational work in the formation and development of the university played a special role in the correct and positive solution of these problems. That is why the university administration began to make serious demands on these issues. Particular attention was paid to the organization of educational and methodological work on a scientific basis, and the high level of the management structure in this direction, in turn, gradually improved the quality and potential training of qualified specialists.

In the years of independence, according to the requirements of the time, new departments have been formed that have important and separate significance in the development of the economy. In April 1989 the departments of “Marketing” and “Foreign Economic Activity” were established and in March 1990 the department of “World Economy and International Economic Relations” was created.

In 1996 the departments of “Accounting and Audit in Foreign Economic Activity” and “Audit” were established. In 1997 the department of “Securities, insurance business and stock exchanges” and in May of this year the department of “Management” was created.

In 1990 department “Sales Management” and in August 1998 departments “Economics of International Tourism” and “Social Psychology” were reorganized. In 1997 the departments of “Pedagogy” and “International Business” were established. In the same year the department of “Alternative to foreign economic activity and customs business” was formed, in January 1999 – “International Finance and Banking”, in October – “Tourism Marketing”, “Tourist Service” and “Tourism Management” were organized.

On the basis of such departments in August 1990, the faculty of “International Economic Relations” was established, which included 7 departments. In December 1995 the faculty of “International tourism” was established, which included 5 departments.

The university is stepping with the times, expanding from day to day. In accordance with the requirements of the time, new faculties, departments, laboratory training centers, specialized branch councils were organized.

Since 1997-1998 academic year, based on the experience of leading universities of the world, a master’s program has been established at our university.

In the context of transition to a market economy and the formation of economic relations on the one hand, increasing scientific staff on the other hand, the tasks of training scientific and pedagogical personnel in the new disciplines of specialties were set. The possibility of training scientific personnel through postgraduate study, doctorate at the university expanded due to scientific staff who came from outside.

Nowadays many well-deserved scientists of the republic conduct their work at the university. Among them there are 2 academicians, 2 honored scientists, 10 honored  teachers, 5 honored economists, one honored athlete and 12 specialists awarded with Honorary Diplomas of the Republic of Uzbekistan.

In subsequent years, the university library is expected to be enriched, as spiritual, educational and cultural center with new educational literature. She was given the status of the Information Resource Center. The Information Resources Center takes the leading position in the number of the fund of educational textbooks on the economy in the country. There are 7 classrooms, 3 bookrooms and 10 storage rooms in the new building.

Particular importance is that the library collected literature in English, French, German, Arabic, Turkish and other foreign languages. This allows students to get acquainted with all innovations and changes in the global economy. The library was enriched by PERDA, Eurosia, SOROS, AKSELS and other international organizations.

There are about a hundred thousand books in the library stock.  The  information resources center is visited by more than  hundred professors and teachers of the university and more than 500 students for the use of literature and information resources. And also, by using Internet network, they search for sources of information in the Information and Resource Center.

The Information Resources Center of TSEU is one of the richest libraries among the universities of the republic. The Center’s fund holds a million copies of the book and regularly updates 140 titles of newspapers and magazines.

Today about 530 professors and teachers work at our university. 3 of them are academicians of the Academy of Sciences of the Republic of Uzbekistan, 95 doctors of science and professors, 240 candidates of science and associate professors. There are 5 faculties, master degree department and 24 departments at the university.

Since 1931 to the present time TSEU has trained more than 100,000 highly qualified economists who successfully work in our republic and abroad.

During the independence of the Republic of Uzbekistan, the university trained personnel in accordance with the market economy conditions in the following areas: economy, finance, banking, taxes and taxation, insurance, project financing, securities and stock exchanges, statistics, information systems in economics, management, marketing, foreign economic activity, international economic relations, business management, customs, professional teacher training and others.

Indeed, there are enough such universities in our republic. In the field of economics, the status and prestige of TSEU are especially high.

That is why TSEU is recognized as a basic educational institution in such educational areas of the economy as management, marketing, business economics and tourism. To fulfill this honorable task  TSUE has a great responsibility.

Over the long years of its activity TSEU has prepared and sent to the country’s service many skilled personnel. Most of the specialists who graduated from our university work in leading positions, in leading state and public organizations of the country. Many of them are annually awarded by various government orders and medals for a dedicated display of professionalism on the way in the interests of the country.