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Since you've come across both of them, I'd choose this one - just because it sounds more correct to me.

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A version only.
Though "continuing education' can hardly be it as Усовершенствования means "they learn something new to become better professionals" while cont. education means, say, someone with one degree can get a course in a different field, but it requires the postgrad degree. (from my pers. experience: i am taking a university course in immigration law via Dept of cont. education, while having a degree in translation - absolutely different areas).

Russian term (edited): ����������� �������� ���������������� �����

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Приведу несколько ссылок для подтверждения. Я начала поиск с России, встретила официальный сайт Санкт-Петербургской Академии Последипломного образования с очень интересной историей. Оказывается, эта форма обучения/повышения квалификации врачей существовала еще задолго до революции. Не удержалась - скопировала, надеюсь,что коллегам будет тоже любопытно.
Обращаю внимание на то, что во всех ссылках отражено сотрудничество с коллегами из США и других стран, поэтому название института/факультета достаточно устоявшееся в кругах специалистов и тех, кто с ними сотрудничает.
http://www.clinicaltrials.gov/ct/show/NCT00044291
Phase III Study of Atamestane Plus Toremifene versus Letrozole in Advanced Breast Cancer
ClinicalTrials.gov Identifier: NCT00044291
Health Authority: United States: Food and Drug Administration

Zaporozhye State Institute of Postgraduate Training. Oncology Department; Clinical Facility: Zaporozhye Regional Oncology Center, Zaporozhye, 69104, Ukraine
Kiev Postgraduate Studies Medical Academy. Clinical Facility: Kiev City Oncology Hospital, Chemotherapy Department, Kiev, 03115, Ukraine
http://www.hrvcongress.org/index.html
We glad to welcome you on our HRV non-stop congress. We keep on development of our noncommercial project.
Its goals do not change - to support HRV-technology in its scientific development and clinical applications.
We continue introducing of new incoming publications in free access.
With sincere respect
HRV non-stop congress technical committee
O.Y.Majorov
Head, Department of Clinical Informatics and IT in Healthcare
Management, Kharkiv Medical Academy of Postgraduate Education, Ukraine
http://www.maps.spb.ru/
Вы находитесь на официальном веб-сайте Медицинской Академии последипломного образования (МАПО).
http://private.peterlink.ru/tas/English/department.htm
What is Medical Academy of Postgraduate Education
Our Academy was founded in 1885 as "Emperor's Clinical Institute for Improvement of Physicians", - the first institute of this kind in the world, bearing the name of Great Princess Yelena Pavlovna who did much for its foundation. At that time, it disposed only 2 clinics, surgical and therapeutic, and conducted 16 courses of postgraduate education on 10 medical specialities.
In 1935 the institute became "Leningrad State Institute for Improvement of Physicians- Qualification" (GIDUV in Russian), and in 1993 it was renamed into "Medical Academy of Postgraduate Education".
The Academy possesses its own clinical foundation, but most of the departments are based on a number of other clinics and hospitals of the city.
The "students" of the Academy are physicians from all over Russia, - from Kaliningrad to Sakhalin, - as well as from New Independent States and some other foreign countries.



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Note added at 1 day 4 hrs 54 mins (2005-08-09 21:01:14 GMT)
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There are some up-to-date examples:
http://www.grooviespad.com/groovie/ukraine/zaporizhzhya/Zapo...
Present-day Zaporozhye has over 1 million inhabitants and is the centre of a range of industries and the home to Zaporozhye State University.

http://www.davidlong.de/zsu/body_index.html
The history of Zaporozhye State University (ZSU) dates back to a pedagogical institution which was founded in Alexandrovsk (the former name of Zaporozhye) at the end of the XIX century.

http://www.ukraine.zp.ua/eng/main.html
A three-star hotel \"Ukraine\" is situated in the centre of Zaporozhye near the building of Regional State Administration and a city business centre building.

Sorry but the last one is now under construction. But the name of it confirms the it is the modern organization, isn\'t it?

Zaporozhye center of organs transplantation... Zaporozhye Transplant Center...