The tradition of higher education in Košice goes back to the year 1657, when the bishop Benedict Kishdy founded an Academy by the Memorandum of “Studium Universale” and presented it with 40 000 tallers (by way of a dot). The Academy or the University started up managed by the Jesus’ Community Jesuits. The University of Košice Golden Bull issued on the 6th of August 1660 by the Roman emperor Leopold I. granted the University the same privileges as to all the other universities of the Habsburg Monarchy in Vienna, Prague, Köln, Graz, Trnava, Olomouc e.g. The Bull included a provision of high significance stating the academic degrees to be recognized as they were granted at any of the oldest and most famous universities