On July 4, the Conference was held in the framework of the International Network of Business and Economics Schools, and it was decided that the NIBES Conference will be hosted by Caucasus University in 2021.

At the meeting also the new general secretary's election was held. This position took place and will be chaired by Thomas Cleff, Dean of the Business School of Fordceim (Germany) in four years.

Caucasus University has been a member of the NIBES Global Network since 2007. The organization incorporates international schools of business and economics in 19 countries and facilitates cooperation with students and staff exchange programs, joint research, internships and other innovative projects

Annual Conference of NIBES is held on July 3-5.