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April 7, 2020

The Board of AQ Austria AQ Austria

Franz-Klein-Gasse 5 1190 Vienna

Dear Madam President, dear Members of the Board,

I hereby confirm that we have received and fully accept the Expert Panel Review Report regarding the following programs: MA in Economics, MA in Economic Policy in Global Markets, PhD in Economics. We are pleased to learn that the Report confirms the academic excellence of the programs and that they fulfill all the criteria for accreditation.

We fully accept all the recommendations made in the Report. The Department of Economics and Business will develop and implement a strategy to increase the opportunities for our students to embark on Erasmus exchanges and for CEU PU to accept more exchange students in these programs from other universities.

We would like to thank the Expert Panel members for their expertise and insights, as well as for the productive and collegial discussions during the site visit. We are grateful to the Expert Panel members for their hard work, dedication, and enthusiasm with which they approached the task.

We await the decision of the Board with anticipation and looking forward to the opportunity of starting our programs in Vienna in the coming academic year.

Sincerely,

Michael Ignatieff President and Rector

Central European University Private University

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