The University was established in 1966 when the Branch of the Faculty of Finance and Economics of the Kyiv Institute of National Economy was opened in Ternopil.
University ilianzishwa mwaka 1966 wakati Tawi la Kitivo cha Fedha na Uchumi wa Taasisi ya Uchumi wa Taifa Kyiv ilifunguliwa katika Ternopil.