Kryvyi Rih Institute of Economics, KNEU, located in Kryvyi Rih was founded in 1966 as faculty of Donetsk Institute of Soviet Trade. In 1977 it became part of Kyiv National Economic University. In 2011-2016 Cabinet of Ukraine founded Kryvyi Rih National University by uniting Technic University, Pedagogical University, Economic Institute and Department of the National Metallurgical Academy of Ukraine.