Tertiary education in the Czech Republic has a been a tradition for more than 600 years. In 1348, Charles University in Prague was founded as one of the oldest universities in Europe. Having an excellent reputation for centuries, the sector has been facing a significant drop in international university rankings.

LFMI was named one of six finalists for this year’s Templeton Freedom Award for its textbook of economics – Economics in 31 Hours – that is giving the next generation of Lithuanian youth a fighting chance to get the economics right by teaching how property rights, free exchange, profit and competition shape decision-making in our everyday lives.

Since 1993, the great majority of public institutions have been managed by local governments. The introduction of KLIK (Klebelsberg Institution Maintenance Centre) led to a myriad of changes in the everyday life of every teacher and student. Financial centralization has transformed previously easy everyday tasks into heavily bureaucratic and difficult.