Brčko, June 9, 2025 – The College “Academy for Business Economics” Čačak and the University “Privredna akademija” Brčko District BiH signed a Memorandum of Cooperation, formalizing a partnership aimed at improving higher education, knowledge exchange, professional internships, and joint action on projects of academic and social importance.

The memorandum was signed by the director of the College “Academy for Business Economics” Čačak, Aleksandar Cvetković, and the rector of the University “Privredna akademija”, prof. dr. Željko Petrić.

This agreement provides for broad cooperation in organizing joint scientific meetings, seminars, workshops, and conferences, as well as the exchange of teaching staff and students between the two educational institutions. Special emphasis is placed on improving professional internships and training students through fieldwork and joint research projects.

Students of both institutions will have the opportunity to participate in exchange programs, attend guest lectures, and actively engage in international and domestic projects organized by the partners.

Aleksandar Cvetković, director of the College “Academy for Business Economics”, pointed out that the signing of this Memorandum represents an important step forward in strengthening regional cooperation and creating modern educational models that provide students with more opportunities for professional development.

The Rector of the University “Privredna akademija”, prof. dr. Željko Petrić, emphasized that this is another significant step in connecting the academic community with the economy and educational institutions from the region. “Such cooperation brings additional value to students through practical experience and inter-institutional activities that prepare them for a competitive labor market,” said Petrić.

The memorandum represents a foundation for future joint projects and confirms the readiness of both parties to actively work on strengthening education, science, and professional practice, for the benefit of students and the wider community.