Faculty of Cultural Sciences, Education and Regional Development is formed. In 2015 the university had nine faculties. In 2016 The Faculty of Pharmacy will soon be established, and as a result, the University of Pécs will once again, feature ten faculties. After World War I, when Hungary lost most of its territory, the university was re-established in 1923 from Elisabeth (Erzsébet) University which escaped from the city of Pozsony (Bratislava, presently the capital city of Slovakia). The Elisabeth University of Sciences had four faculties (Arts, Law, Medicine and Theology) with several outstanding professors teaching in the Medical School (Pál Heim, Béla Entz, Géza Mansfeld, just to mention a few of them). In 1951 the Medical School became a separate, independent institution under the name of the Medical University of Pécs. It underwent substantial infrastructural development in the 1960s and 1970s: the new clinical and basic science blocks were built during this period. Besides the general medicine program, training in dentistry and pharmacy were launched in 1973 and 2001. Meanwhile, the English Program in General Medicine was implemented in 1984, the first medical education program of its kind in Central Europe. A similar German Program was initiated in 2004. Science, research, and innovation The Szentágothai Research Centre of the University of Pécs is a research institute established on the basis of modern international science organizational and management normatives. The Technology Transfer Office has been at the disposal of researchers, students and business partners. Education As a part of the European higher education system, UP operates in the terms of the Bologna process offering the three-tier system consisting of bachelor level programs (BA, BSc) which last 6–8 semesters, master level programs (MA, MSc) with a duration of 2–4 semesters and doctoral level programs (PhD, DLA). Additionally, the university offers one-tier, undivided, long-term master's degree programs (5–6 years) in the domain of medicine, law, arts and engineering. Furthermore, interested students have the opportunity to experience short programs, such as preparatory courses, summer universities, and partial trainings. Faculties Faculty of Business and Economics The Faculty of Business and Economics of the University of Pécs was established in 1970 and its mission has always been to cultivate, impart and teach business sciences based on a broad theoretical, methodological and social science base. In September 1970, 103 first-year students began their studies at the Pécs Branch of the Karl Marx University of Economics under the direction