The ASECU Youth is a recent development being an initiative by younger members of the international scientific organization in the field of economic sciences ASECU. Students from university members presented a proposal for establishing a special youth organization, known as ASECU Youth, to the General Assembly. The idea was enthusiastically welcomed by ASECU members who had the pleasure to see the younger members of the Association establishing their own structures and setting out a programme of action. The birth of the ASECU Youth takes place in Russia in 2011. Rostov State University of Economics, celebrating its 80th Anniversary and in parallel with the 15th Anniversary of ASECU, organized the 1st Summer School of the ASECU students. Since then, next ASECU Youth Summer Schools and Conferences were organized by universities in Greece, Montenegro, Poland, Romania, Russia and Serbia.

The ASECU Youth being a youth wing of the ASECU is inextricably linked to its history and activity. The ASECU dates back to 1996. On November 1996, after the appropriate preparatory work, the Rector of University of Macedonia, Thessaloniki, Greece, Professor Yannis Tsekouras, took the initiative to invite Rectors of Economic Universities, Heads of Economic Departments and Deans of Economic Faculties in Thessaloniki so as to establish the Association of South Eastern Europe Economic Universities (ASECU). The invitation was sent to Universities of Albania, Bosnia-Herzegovina, Bulgaria, Former Yugoslav Republic of Macedonia, Greece, Romania and Yugoslavia.
   At the beginning 24 Universities of the previously mentioned countries formed the association, and these later became the founding members of the Association. The Statute was approved at the founding meeting and it was also decided to enlarge the Association to the Economic Universities of the other South Eastern Europe countries.

   By decision taken at the General Assembly of 2007, the Association was modified in the Association of Economic Universities of South and Eastern Europe and the Black Sea Region. It was also decided to grant the status of Associated members to other members, Universities from the Middle East and North-Eastern Africa (article 4 §4 of Statute). This decision was taken in response to expressions of interest in joining the Association from economic universities in countries from these regions.

Presently, ASECU amounts fifty one (51) members, Universities and Scientific Centres. It includes forty seven (47) regular members from Albania, Armenia, Bosnia-Herzegovina, Bulgaria, Former Yugoslav Republic of Macedonia, Greece, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Turkey and Ukraine and four (4) associated members from Egypt and Lebanon.

The seat of the Association is Thessaloniki, where the Secretariat of the Association is also based. The offices of the Board of Governors of the Association are situated at the place where the incumbent president of the Board exercises her/his academic activities.