The University of Macedonia (UOM) is a modern university with extended research activities and participation in many national and international research programs. UOM is also a member of many international organisations concerning higher education e.g. the European University Association (EUA), the Jean Monnet European Center of Excellence is based at the branch of UOM etc. UOM was at first formed under the name of “The Graduate School of Industrial Studies of Thessaloniki” in 1948, but it first functioned during the academic year 1957-58. In 1958 it was renamed “Graduate Industrial School of Thessaloniki” and from 1971/72 it was divided into two Departments: Department of Economics and Department of Business Administration. The academic staff of the University includes Faculty members, specialists, teaching and research assistants and foreign language teachers. The position of a Faculty member requires a Ph.D. degree (or an equivalent) and original published research. New Faculty members are elected on the basis of their academic qualifications by Faculty members of the same or higher rank. Faculty members are aided in their tasks by research and teaching assistants who are, in some cases, holders of a Master’s degree and continue their doctoral studies. The purpose of the Research Committee of the University of Macedonia of Economic and Social Sciences is the supply and administration of funds from any source, intended to cover costs of any kind required for the purpose of research, educational, training, development and continuing education projects and projects for scientific, technological and artistic services, specialised studies, performance tests, measurements, laboratory tests and analysis, advice provision, drafting specifications for others, the formulation and execution of scientific, research, cultural and development programs as well as other related services with funds from the reserve of the Research Committee in order to benefit the University after the recommendation of the Research Committee’s Management Committee and the decision of the University Senate.