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The Memorandum has been signed on the occasion of the visit of EU parliament senior vice-president Gianni Pittella. Pittella has expressed his trust in both institutions, which haved decided to shape up a common future event for political and business networking between the EU member states, the Balkans and Mediterranean araes.

The Euro-Mediterranean University (EMUNI University) based in Slovenia is one of the six priority areas of the Union for the Mediterranean. It was established by the European Parliament as international network of universities, now with more than 200 members from 38 countries. The mission of University includes: approving the quality of higher education through the implementation of postgraduate (master's and doctorate) study and research programmes.

The Slovenia Times is the leading Slovenian business monthly magazine in English. It is also renowned for organization of the top-level networking events for international business community where attendees get invaluable access to business networks in Slovenia and the region.