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2024-04-01

 

VU Business School, in making socially responsible decisions, not only considers the impact on the environment but also aims to positively influence the mindset of the entire community. Observing waste sorting, monitoring the consumption of community members, and noting the number of collected containers, it was observed that people do not take deposit containers but leave them near the recycling bins. To ensure that deposit containers do not end up in plastic containers but contribute to the goodness of the Sharing is Caring mission, VU Business School has joined the socially responsible initiative of „Lidl Lietuva“!
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Deposits collected at VU Business School will be sent to the nearest „Lidl Lietuva“collection points. The funds collected will be allocated to children's day centers, and the retail chain will double the contribution. „Lidl Lietuva“distributes this support to organizations overseeing children's day centers "Save the Children", "Caritas", and the "The Order of Malta Relief Organisation".

We invite you, when visiting VU Business School, to leave your deposit in a specially marked place, thus making a socially responsible decision - not only to protect nature but also to take care of those who need help the most. Your discarded bottle is a support worth over 20 cents.

Find more information about socially responsible initiatives from „Lidl Lietuva“ here.

 

2023-12-08

 

December is not only a time of winter holidays but also an opportunity to congratulate the VUBS best professor of the year.

In 2023, this award will be granted to Assoc. Prof. Dr. Elzė Rudienė. At #HomeOfEntrepreneurship, she teaches marketing, communication channels in marketing, consumer behaviour in digital space, and integrated marketing communications. Congratulations! 

"The most important thing for me when teaching is to remind students that theory is not just for scientists - it brings together research and many other interesting discoveries. In addition to teaching, I also supervise students writing their final theses. I always believe in them and encourage them, and students know how to surprise me with their creativity," says E. Rudienė.

When sharing their impressions of E. Rudienė's courses, students mention practical learning through creative tasks and discussions of real situations and events. This style of teaching also helps them to better understand the theoretical aspects of the scientific literature.

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2023-11-24

Dear freshmen,

As Vilnius University Business School (VUBS) student Boris Kim says, Go further than you are right now. The "Asian track" course - developed for freshmen by the VUBS in cooperation with the VU Confucius Institute - offers an opportunity to develop new competencies and acquire intercultural knowledge beyond the more familiar Europe.

If you are a VUBS freshman, try the "Asian track" course to learn about the cultural characteristics of Asian countries, the Chinese language, and how to successfully develop business in Asian markets. And while learning Chinese can be challenging, the practice of speaking the language facilitates integration in a foreign country and opens up more career paths.

To expand your limits next year, you still can still apply until December 12th for the "Asian Track" course.

The competition is open for 1st-year bachelor students who submit a free-form application and a cover letter to the Study Service in the Vilnius University Information System (VU IS) by the deadline (specified above).

What is waiting for you?

- Chinese language and Asian culture courses during semesters II-IV,

- a certificate confirming completion of the course,

- a semester of exchange at a university in South Korea, Hong Kong, Singapore, or Taiwan and/or a summer camp.

How the competition works:

- The selection committee will organize motivational interviews after the 12th of December.

- This module is organized for groups of at least 10-12 and no more than 20 students.

- Students will be informed by the 15th of December whether or not they are accepted to an "Asian track" course group.

- Chinese language teaching is provided in English-Chinese.

You can hear more about "Asian Track" from students who have already tried the course. In the interview with Boris Kim and Andrea Carolina Ramirez Salaverria, 4th year International Business (in English) students at VUBS, they share experiences about Chinese language classes and bilateral exchange programs at Hong Kong and Singapore universities.

Any questions? Contact Danutė Butkienė, International Relations Coordinator at VUBS:

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2023-10-10

 

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As the new study semester begins, we would like to encourage students by announcing a contest for a one-off VUBS incentive scholarship of 300 EUR!

The scholarship will be awarded for active social, scientific, and volunteer activities, promotion of the #VUBS, internationalization, entrepreneurship, creativity, and innovation, as well as outstanding study, and research results.

If you wish to apply, you must submit the following before the 20th of October, 2023:

1. an application for the scholarship (free-form application via VU IS (e-applications);

2. the following form should be attached to the completed application.

If you think you meet the criteria listed in the regulations, we look forward to receiving your application!

 

2023-09-08

 mainai gifukas

Ready to explore the world of entrepreneurship? Apply for study exchange and start your 2024 spring semester abroad!

These are the main benefits tha#VUBS students Estela Marcinkevičiūtė and Mikalai Adzintsou share about their experiences during study exchanges:

  • Understanding different cultures and educational systems, in that way enriching perspective, broadening horizons;
  • Growing academically and personally;
  • Finding friends for a lifetime.

 

❕ Registration for Erasmus and ARQUS/Coimbra Group Study exchange will be open until the 21st of September, as for the Bilateral Study Exchange, until the 1st of October.

Is your head full of questions? ? We will answer them all during the webinar, choose the date and see you:
? 2 pm (UTC+3) on either September 12 or 13. ?

 

You can find all of the necessary information – here.

2023-07-04

 

R-E-D Center invites VUBS professors to register for the workshop to discuss practices for facilitating learning in ethics, responsibility, and ecological sustainability that will take place on September 21st, 2023 at Lancaster University. The purpose of the event is to share practices, and ideas referring to the topics to learn from each other and reflect on issues and opportunities.

 

If you wish to participate in the event, here are the steps to follow:

1) Fill in this online form till June 17, 2023 (9.00 AM)

2) Choose one of the formats for your session:

  • a standard 10-minute presentation followed by 5 minutes questions and answers (Q&A) session. Note: 3 slots in a session;
  • a 45-minute interactive workshop;
  • a discussion on a particular topic/issue. See the list of the topics here. Organizers can help you source a convenor;
  • a panel discussion and Q&A session on a particular topic/issue. Organizers can help you source a chair for the panel, who will prepare questions with panel members. Note: suggest no more than 3 panel members for timing purposes.

3) Add a short description of your session.

Organizers will inform all the applicants about their acceptance status no later than 24th of July, 2023.

 

The R-E-D Center is a joint partnership-based venture between Lancaster University (UK) and Vilnius University to provide a platform for local research, engagement, and potential teaching delivery. This event organized by the Pentland Centre for Sustainability in Business (UK) is one of the activities of the R-E-D Center.

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2023-06-16

 

VUBS with the support of the Ministry of Education, Science and Sports of the Republic of Lithuania, invites students from Ukraine to study International Business Bachelor's Study Program for the academic year 2023/2024 in a free competitive basis:

International Business is a program for those who want to study in an intercultural environment, solve real business challenges, develop an entrepreneurial mindset, and gain knowledge about the dynamic business world: sustainable economy, communication, marketing, and sales.

The final date to submit application forms through the apply.vu.lt system is August 20, 2023. 

Important! Citizens of Ukraine must arrive in Lithuania, register with the Migration Department, and submit a registration document to the University of Vilnius Admissions Office no later than August 25, 2023 (registration may take some time, namely the electronic queue, due to the influx of students, so count the days, from a few days to 2 weeks).

If you have any questions, please contact: or 

 

More information about language tests:

The level of B2 language proficiency will be tested at a motivational interview. A prerequisite is the availability of EIT/Multitest results, or to be registered to take the Multitest in 2023. Also a certificate of complete general secondary education and its supplement. 

The application form for admission to the university can be submitted now, instead of the certificate, you need to submit a report card for the 11th grade, which indicates the student's name, school name, and seal.

More information about additional scholarships:

The best students will be also granted a scholarship of the Grand Duchy of Lithuania. This is a special scholarship from Vilnius University dedicated to the most gifted applicants from Ukraine. The scholarship will be awarded to the top 25 applicants from Ukraine for EUR 300 each for the first 10 months of study.

 

See you soon at #HomeofEntrepreneurship!

2023-05-30

 

As the new study semester is approaching, we would like to encourage students by announcing a contest for a one-off VUBS nominal scholarship of 300 EUR! The scholarship will be awarded for active social, scientific, and volunteer activities, promotion of the #VUBS, internationalization, entrepreneurship, creativity, and innovation, as well as outstanding study, and research results.

If you think you meet the above criteria, we look forward to receiving your application from June 1st to 12th of 2023.

 

If you wish to apply, you must submit the following before the 12th of June 2023:

1. an application for the scholarship (free-form application via VU IS (e-applications);

2. the following form should be attached to the completed application.

If you think you meet the criteria listed in the regulations, we look forward to receiving your application!

 

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2023-05-19

 

Admission to #VUBS Master's and MBA study programs starts today. Apply now and start 2023 fall at Vilnius University Business School: 

  •  Sustainable Corporate Finance & Investments - a program for those interested in modern financial technologies (blockchain, sustainable investment, risk management, sustainable financial management, etc.) and their application in business development and optimization.

  • DeepTech Entrepreneurship - a program that blends academic knowledge, a start-up accelerator, and real experience to prepare students to become the next generation of successful technology entrepreneurs.

  •  Digital Marketing - the only study program of this kind in Lithuania providing students with the possibility to deepen their knowledge in both traditional and digital marketing.

  •  International Project Management - a program for those who want to learn how to manage the chaos of ideas and see fast changes as an opportunity and a challenge.

  •  MBA Entrepreneurship & Innovation - an intensive one-year program for future leaders who dream big and want to innovate. A study programme that empowers an entrepreneurial mindset. 

More information about the application process: 

1. From May 19th, 10 am to

June 1st | for applicants from non-EU/EFTA countries;

July 1st | for applicants that are not required to obtain a national visa for arrival to Lithuania, as well as for non-EU/EFTA applicants with Lithuanian Embassies in their home countries. 

submit your application in the VU Dream ID system.

2. Please note that for all programs, the motivation assessment is part of the competition score.

3. Follow the steps mentioned in the vu.lt/en system.

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Hackathon, which took place on 25-27 of November, was the final event of the "Education inside metaverse 2022" - week of virtual educational technologies events. During the final round  of contest (on 27th of November) 9 teams of finalists competed for aspiring prize fund: 6,000 euros, valuable mentorship programs, and even unique NFT products!

The EdTech hackathon "Education inside metaverse 2022" has attracted huge attention from enthusiasts and experts in the international education technology sector. More than 300 participants from more than 20 countries of the world registered for the virtual event! During the hackathon, teams of participants, with the help of 30 professional mentors, presented their ideas, which will help to organize an innovative educational process in the future, process, which will be supplemented by various intelligent metauniverse technologies. From the 15 formed teams, which entered the contest, 9 strongest ones progressed to the final round. Even 3 teams were fully or partially made up of students studying at the Business School of Vilnius University. Who knows, maybe the ideas and solutions, presented by the young innovators, will be realized and in the future will become an important part of educational smart technologies as well as metauniverse in Lithuania and the whole world?

Winners of "EdTech Hackathon: Education inside metaverse 2022" competition this year were team of students of Vilnius University Business School - "METAStudents". Team commented on the unexpected victory very emotionally: "What? We actually won?? - these were our first words after hearing the decision. We are very happy with this victory and accept it as motivation to work and to trust in our abilities. It was completely unexpected, considering that all the teams were very strong. "METAstudents" is a name that perfectly suits each of us, because the team consists of motivated, creative, hardworking and the most fun people, connecting two nations, Lithuania and Ukraine. In fact, one of the reasons why "Buzzi" – our idea - was created, was to provide a tool for people from different parts of the world to communicate and collaborate for a common goal. "Buzzi" - a simulation of the virtual business world, provides the opportunity to learn through business simulation, because we noticed that only theoretical knowledge is not enough. "Buzzi" would give you a virtual space to build a business, learn to suffer financially or fail in a way that would be painful in the real market."

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One of the representatives of the hackathon commission, businessman, investor Martynas Kandzeras was happy not only with the number of contestants during the competition, but also with the ideas they chose to present: "It's nice to see so many teams from different countries of the world solving educational challenges. And the most fascinating thing is that they are trying to innovate in the Metaverse environment, where we will see many opportunities in the coming years. The ideas of all teams were valuable and have potential for further development. As a result, I am confident that we will see these teams later working on the presented projects."

EdTech week started with the opening virtual international conference "EdTech conference: education inside metaverse 2022". During it, representatives of educational technologies, metauniverse, education, and business sectors gave presentations, participated in discussions that revealed the trends of educational technologies, metauniverse and possibilities of their integration into modern educational, business activities in Lithuania and in the whole world. Vytenis Mockus, project manager of "EdTech Hackathon 2022", commented on why the organizers focused the topic of this year's conference and hackathon on the metauniverse: "Metauniverse, as a whole, combines virtual experiences, and can contribute to the quality of education of students and other learners and their improvement. This sphere is not widely developed in the education sector in Lithuania, we believe that the Edtech conference and the hackathon contributed to practical knowledge about the possibilities of using metauniverse technologies and brought these technologies closer to the education sector and the learner."

Event organizers - Vilnius University Business School, "Western Union Lithuania" and the EdTech Center of the National Education Agency. The event is partially financed by the European Union under the Project "Digital Transformation of Education" (EdTech).

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The Asian track course, developed in cooperation between the VU Business School and the VU Confucius Institute, is a unique opportunity for VU Business School freshmen to develop new competences and acquire intercultural knowledge. 

Asian Track will help you to get acquainted with cultural peculiarities of Asian region, learn Chinese and will lay the foundations for successful business development in Asian markets.

Why should you choose Asian Track?

  • Chinese language and Asian culture courses in the II-IV semesters; 
  • upon successful completion of the course, a certificate confirming this is issued; 
  • exchange semester in partner university (Hongkong, S. Korea, Taiwan, Singapore) and / or summer camp. 

Conditions:  

  • The competition is open to 1st year bachelor students. The students should submit a free-form application and a motivation letter to the Study Service in the Study Information System of Vilnius University (VUSIS)by 1st December.
  • The selection commission will organize motivational interviews after 1st of December.
  • The module is organized when the group consists of at least 10-12 students and no more than 20 students.   
  • After the end of the competition, by 15th December students are informed about the formed / non-formed Module group. 
  • Chinese is taught in English and Chinese languages.

 

For more information, please contact International exchange coordinator Danutė Butkienė: 

Foto: Boris Kim.

 

On 9th – 10th of November, a delegation from the Bucharest University of Economic Studies in Romania visited Vilnius University Business School. The Romanian team consisted of prof. Violeta Dincă, Lect. Sorin Anagnoste, Vice-Dean on Academic Affairs, Lect. Mihail Bușu, Vice-Dean of Research and International Cooperation from UNESCO Department for Business Administration, Faculty of Business Administration in foreign languages. In the meetings with the representatives of Business School various topics were discussed – students and staff exchange and mobility possibilities, collaboration in research, project and innovation field.

Our guests had a possibility to assist the lectures and seminars of Human Recourse Management and Corporate Finance. The lecturer Laura Hamidova during the seminar of HRM reminded the colleagues what does it mean to be the student again – Romanian colleagues worked in the groups on case studies together with the students of VU Business School. The professor Arvydas Paškevičius discussed with the colleague lect. Mihail Bușu, who is also a lecturer of Corporate Finance at the Bucharest University of Economic Studies, the most recent methodologies of theaching finance. The guests appreciated the opportunity to participate in selected lectures and seminars, to compare teaching methodologies and tools, and to discuss challenges in teaching and share best practices.

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The 1st of September celebration is not far away!
 
Therefore, we invite all VU Business School bachelors, masters, lecturers and community members to celebrate together.
 
This is a great opportunity to get to know each other, have a good time and celebrate the beginning of the upcoming academic year.
 
Click "Going" on our Facebook event and let's pop business ideas together!
 
Date and Time: 09/01/2022, 11:00-12:00
Location - VU BS lobby

New international opportunity for Vilnius University Business School students!

Double Degree in collaboration with Woosong University SolBridge International School of Business!

We're so excited to announce that students from the International Business program will have a fantastic opportunity to get a Double Degree while studying at VU Business school! Upon the end of their studies, students can receive two diplomas – Vilnius University Business School & Woosong University SolBridge International School of Business, located in South Korea.
 
A signed agreement between the two partners allows all students of VU Business school to study in SolBridge for their exchange semester!

double degree final Facebook Post

 
 
Dear members of VU Business School community,
 
It's time to celebrate the completion of Master's studies at Vilnius University Business School!
 
When & where?
 
Date: 22nd June 2022
Location: Aula Parva of Vilnius University
Time: 11 a.m.
 
On arrival at Universiteto st. 3, please follow the printed directions, which will lead you to Aula Parva.
 
*Duration of the event – 1 h 

As the end of the semester approaches, we would like to encourage #VUBS students for their active social, scientific and volunteer activities, for publicising the name of VU BS, for spreading internationalism, for entrepreneurship, creativity and innovation, and for their outstanding study and research results. We are announcing a competition for the VU BS nominal scholarship!

 scholarship Post

Students wishing to apply for the 300 EUR one-off VU VM scholarship must submit the following before 2nd of June 2022:

      1. a free-form application form (www.is.vu.lt) for the scholarship;

      2. a motivation letter (up to 300 words);

      3. other documents as specified in the scholarship regulations.

 

If you think you meet the above criteria, we look forward to receiving Your application!

 

Vilnius University Business School (VU BS) consistently develops and strengthens relations with various local and international businesses and education organizations. VU BS announced exciting news – BS has become a member of the only Innovative Production Cluster in Lithuania.

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The result of the cooperation between BS and other members of the cluster is the establishment of closer ties between educational institutions and manufacturing companies, and the promotion of interdisciplinary research and innovation development activities. VU Business School offers new opportunities for lifelong learning to both schoolchildren and University students, as well as to those who want to improve their knowledge, including all the representatives of the organizations involved in the Innovative Production Cluster.

"Vilnius University is successfully implementing its declared goal of strengthening mutually beneficial relations with business. In this way, it contributes to shaping the future of higher education, business, and the state's future as a whole. We can rejoice in the unique experience that the main branches of the modern economy (biotechnology, lasers, fintech) largely came from groups of scientists and effective synergy between science and business," says VU Rector Prof. Rimvydas Petrauskas.

VU Business School is active in creating relations between the academic community of VU and business organizations by developing joint (local and international) research and business projects.

Klasteris

"Becoming a member of the Innovative Production Cluster (the only cluster of science and business organizations in Lithuania) is a significant achievement for VU Business School, where we pay special attention to the business and science alliance," says VU BS Director Dr. Birutė Miškinienė.

Clusters, in short, are voluntary gatherings of business enterprises and (or) research institutions and other entities. Clusters work on the principle of partnership; members act together and share helpful information to increase their added value.

"New skills and employment needs, training models are the directions we are consistently pursuing in Lithuania. Therefore, we highly appreciate the involvement of Vilnius University Business School in the Innovative Production Cluster," says Gintaras Vilda, Head of the Production Innovation Valley, which coordinates the cluster.

According to G. Vilda, production has long transcended the boundaries of factories and involves network and dynamic value creation systems that can be organized in multiple ways. According to him, the integration and adaptation of different value creation systems to specific needs and framework conditions contributes to creating a sustainable and resilient European production ecosystem in a dynamically changing and uncertain world.

"We are convinced that the integration of Vilnius University Business School into the cluster will make it easier to establish and develop permanent contact with technology manufacturers and their representative offices in order to maximize the turnover of study programs, curriculum, and lecturers' knowledge directly from technology developers," confident G.Vilda. 

Clusters have better conditions for developing innovations, and they have more significant opportunities to cooperate with science and business representatives from other countries. It is also easier for Cluster members to compete in domestic and international markets. As a new member of the Innovative Production Cluster, BS will create added value and innovative decision-making processes for various cluster companies' growth of overall competitiveness with their new partners. BS will also work as a link, strengthening the cooperation of the science and business sectors. The organization will research and attract promising talents to work in Lithuania.

Many companies and organizations which promote and develop international cooperation and the development of innovative business in Lithuania have already joined the Innovative Production Cluster. Among the more well-known members of the cluster are representatives of various business and scientific organizations, such as the Lithuanian Confederation of Industrialists, Profarma, UAB Saulės Grąža, FEZ of Marijampolė, Vilnius Jerusalem Labor Market Training Center, etc.

VU BS offers undergraduate, postgraduate, and MBA programs in business, finance, marketing, management, and lifelong learning opportunities. VU BS integrates research results and innovative solutions into the entrepreneurial ecosystem, promotes the development of the family business traditions in Lithuania, and fosters knowledge sharing in EdTech Hackaton and startup acceleration programs.

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Without travel, life and work would be way less exciting, but the pandemic, which began in March 2020, has dramatically changed not only the travel industry, but also people's attitudes. Even a new term, "revenge tourism", has emerged, stemming from revenge against an unfavourable situation, with a greater than usual spontaneity in decision making.

In Vilnius University's (VU) podcast "Science without Sermons", travel expert and lecturer at VU Business School Vilija Malinauskaitė talks about how the pandemic has changed our travelling habits, about travelling opportunities offered by remote work and how the war in Ukraine will affect the tourism sector in the Baltic region.

"Revenge tourism" – a new term for travellers' behaviour

"The pandemic has changed the way we think. Whereas in the past people used to procrastinate a lot, nowadays many travellers have realised that trips can be restricted quite easily and for a long time. This is why the so-called "revenge tourism" emerges, when we no longer postpone trips to places we have always wanted to go," she says.

Explaining the concept further, V. Malinauskaitė provides examples from her personal experience.

"I have two countries that in my mind are linked to the end of the pandemic. One of them is Israel, where I used to go quite often and which suddenly closed. Subconsciously, I think that when I can go there again, the pandemic will be over," she says.

The travel expert points out that the pandemic has changed the nature of her work considerably: before the pandemic, she used to work more in the travel tourism business, but it was severely restricted. She believes that going to Israel will mean a return to the life she had before.

"The other country is the United States of America. Not because I want to go there so much, but as a matter of fact, it is a country that I associate with freedom, and suddenly I can't go there. Perhaps this "revenge tourism" has been triggered by very similar associations for many people. Going somewhere just to prove to yourself that you can do it", she reflects.

Digitalisation is also changing the travel habits

V. Malinauskaitė says that digitalisation has also changed people's travel habits.
"Tourism was the most digitalised industry before the pandemic. One thing everyone was talking about was how much we will digitalise the delivery of services. Are the service sector and digitalisation compatible at all?", she asks.

According to her, in the US there is a very clear segmentation of the luxury and standard sectors. "If we're talking about a standard service, say a simple lunch in an average restaurant in a big city, it's likely we won't even see the waiter much. We scan the barcode, read the menu, order our food on the app, leave a tip, and someone will bring us our food just walking by."

The lecturer explains that this is a standard level of service, as human labour is inevitably more expensive. A new Generation Z is entering the labour market, completely unwilling to work in the service sector, so the services to which we have been accustomed, such as porterage, and smiling staff are becoming a luxury. In many countries, she says, contact with a worker, recommendations or personal help are already considered a luxury.

"In the travel sector, we see very clearly that virtual guides and even audio guides are no substitute for human narration. We still have drivers, who in some countries also act as tour guides. Even in a hotel, we cannot digitalise everything, because we are talking about the hospitality sector here. It is unlikely that AI could show hospitality. It is, after all, an intrinsic human quality," she believes.

Travelling and remote work – how to combine?

"Social changes in society mean that more and more people will be able to work remotely," she says. One of the main requirements of the new generation for an employer, she says, is the flexibility of work.

"Working from different places, from different countries is only going to get more popular and I don't see a way to stop it. This is all the more true now that employers have stopped being afraid, because there is a clear trend: if you work, you work. And if you don't, you don't, even sitting in the office. So travel is not a factor that compromises the quality of work," she says.
Talking about how to combine work and travel, the travel expert offers several options.

"One option is to leave for a few months. There will be weekends and half-days off over the next few months, and you'll definitely have the chance to get to know the city and country you're visiting. And the work quality will remain the same. Some people travel to places they have been to before, maybe more than once. They want to enjoy the weather, good food, and maybe they want to make the most of the evenings outdoors or in nature, which is not always easy to do in Lithuania in all seasons. It is true to say that the first time we combine work and holidays, we will have to find a way that works for us, and it won't necessarily work at the first try. But with routines and priorities in place, we will soon be able to enjoy both work and life in another country," says V. Malinauskaitė.

The impact of the war in Ukraine on the travel sector

Russia's aggression against Ukraine will isolate the country not only in terms of goods and services, but also in tourism.

"I've been to Russia many times and I certainly don't want to go there anytime soon. Russia will definitely be less visited in the future. I wouldn't venture a guess about people from other countries, but I'm talking about Baltic nationals and the Polish."

V. Malinauskaitė reminds that countries with a high prevalence of terrorism, a complicated military situation and civil wars are on the list of countries not recommended for travel. However, while Lithuania and the neighbouring Baltic States are safe, their tourism sectors will also be affected by the war in Ukraine.

"The usual organised groups have suspended all trips to Lithuania, Latvia, Estonia and Poland until the summer. I suppose it is understandable, as our region is in the focus these days, but on the other hand, I would certainly like to encourage the Lithuanian government to talk more about the fact that we are safe. It looks like the military conflict will not be short-lived, but we still need to live. So I would like to see more tourists coming to our city."

However, the Business School lecturer believes that after the end of the military conflict, tourism in Ukraine will recover soon enough.

"As long as there is a war going on, it is difficult to talk about travelling, especially since it is impossible to get to the country. When the war is over, I am confident that our enthusiasm will continue. For the first time in my practice, I saw enthusiasm not only from our close region, but also from people in Western Europe and the USA. It seems to me that tourism will recover, and it will happen soon enough. Especially as the infrastructure that exists in Kyiv, at least so far, has not been destroyed. I believe that Ukraine will be one of the most popular tourist destinations in the near future, especially as it is a big and beautiful country with a rich history, spectacular nature and magnificent cities."

register now new

Are you ready to invest into your future? VU Business school Master's studies will help you to skyrocket your career & prepare you to face all the challenges in the global business sectors!

Register for the VU Business school Open Masters Days & feel like a student for a few hours, learn from the experts and make your final decisions about Master's studies!

During the lectures, you will be able to join them and see how Masters are already empowering their career in the University by adding some knowledge from the Business school experts!

*You will join real lectures with students. The Open Days lectures will take place online (MS Teams).

Link to register for the lectures: Open Days – registration form

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The recently published (2021/2022) study of international business environments in various countries of the world - GEM - data looks extremely favorable for Lithuania! Entrepreneurship indicators of the countries - participants were studied and various business development indicators were assessed according to the criteria included in the scope of many GEM surveys. Lithuania was evaluated with extremely high scores in terms of entrepreneurial environment. Data for GEM research, research of business environment in 2021/2022 in Lithuania was mainly collected and processed by representatives of two Lithuanian organizations - employees of Vilnius University (VU) and Enterprise Lithuania – those two organizations were most actively involved in the GEM Lithuania research.

GEM, also known as the Global Entrepreneurship Monitoring Study, is a non-profit academic research consortium that aims to provide freely accessible and high-quality information on the current issue of entrepreneurship worldwide to the widest possible audience. The GEM survey is also important in that participating countries must be included in the Global Entrepreneurship and Development Index (GEDI). Thanks to this index, comparisons can be made, highlighting countries weaknesses and potential areas and opportunities for improvement in the national business sector and entrepreneurship, and the results can be widely applied in shaping countries internal policies and programs.

The entrepreneurial situation in Lithuania was reviewed in great detail in the GEM survey of 2021/2022. In the study, all countries were divided into three groups in terms of GDP per capita: Group A (countries, where an average annual GDP per capita is more than USD 40,000), Group B countries, where an average annual GDP per capita is between  20,000 and 40,000 USD) and Group C (countries, where GDP per capita is less than 20 000 USD). According to this grouping, Lithuania was included in group B and was classified as a middle-income country. The GEM study focused on the study participants in each group. Lithuania, as a representative of Group B, is significantly ahead of the other 18 Group B countries in terms of most of the various entrepreneurship indicators. Lithuania ranks 1st among Group B countries in terms of the totality of evaluations of various entrepreneurship indicators, Lithuania leads in many areas related to entrepreneurship as the absolute leader of Group B countries: Lithuania leads the way in transfer and application of research and development (collected 5.8 out of 10 points) in entrepreneurship education at schools (4.7 out of 10 points), commercial and professional infrastructure (6.8 / 10 points), ease of entry for new businesses (in terms of potential difficulties and regulations) (6.5 / 10 points), social and cultural norms (6.2 / 10 points) and in many other areas. Lithuania gained recognition and was highly praised in various other areas of GEM research: experts firmly agreed that the measures taken by some governments in crisis situations and a quick, appropriate response helped to prevent new business downturns: the best results in this area were recorded in Saudi Arabia (Group A) and Lithuania (Group B).

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            Global Entrepreneurship Monitor 2021/2022 Global Report

Entrepreneurial conditions in Lithuania were also assessed favorably: in terms of as many as 12 different criteria of entrepreneurship, Lithuania was assessed as a sufficiently competent state paying sufficient (more than average) attention to entrepreneurship and its development. In the international index of entrepreneurship context compiled during the GEM research, Lithuania, as a country, is included in the TOP 5 list together with such countries as the UAE (United Arab Emirates), the Netherlands, Finland and Saudi Arabia. It is worth mentioning that Lithuania is the only country from Group B of the GEM survey (all others are listed in A category ), which is included in the TOP 5 list of leaders of the Entrepreneurship Context Index. According to GEM research, Lithuania pays special attention to and strongly supports women starting businesses (Lithuania, the UAE and India are leaders in this field). According to the collected data, Lithuania also differs significantly from other countries in its business environment culture: nature, environment and environmental protection in this country are considered a higher priority than the profitability of businesses and the growth rate of the business sector.

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 Analyzing the results of the GEM international survey, it becomes clear that Lithuania is one of the world leaders in the field of entrepreneurship among the countries where the population receives a medium-sized income. According to the GEM survey, Lithuania is a country that pays a lot of attention to the entrepreneurial environment and its development. It is a modern stat,  that continues to develop, invests both in the development and promotion of financial literacy and entrepreneurship of the population, and in new technologies that help the country's businesses remain competitive and grow and strengthen their position in the global, rapidly changing market. You can read more data and reports of the international GEM survey in 2021/2022 here!

VU UAExpressing support for the state and people of Ukraine and responding to recent events, Vilnius University (VU) offers free education and financial assistance to Ukrainian students if their higher education aspirations are disrupted. Support action for the Ukrainian academic community has also begun; everyone can participate.

"The news of the night is the fulfillment of the worst-case scenario. Therefore, mutual unity and support are now paramount. Therefore, Vilnius University is in solidarity with the people of Ukraine experiencing Russian aggression and, expressing support, is determined to prevent possible restrictions on academic freedom and higher education," says VU Rector Prof. Rimvydas Petrauskas.

Vilnius University invites all members of the VU community, citizens, and business representatives to contribute to the support of the Ukrainian academic community. Donations are available on the VU Foundation website. The donated money will reach those members of the academic community in Ukraine who need it the most.

VU has already approached its partners – Ukrainian universities – and expressed its support and determination to help them and share knowledge and resources.

Scholarship applicants can apply now. Vilnius University is also prepared to look for various ways to support partner universities' communities and help in case of need for asylum or support.

In 2020 The Grand Duchy of Lithuania Scholarship was set up for Belarusian students expelled from universities because of persecution for civil and political reasons. The VU is determined to provide an opportunity for Ukrainian students to continue their studies in Lithuania and apply for the Grand Duchy of Lithuania Scholarship to ensure the continuity of academic life if needed.

On February 22, VU expressed support for Ukraine by lighting up its building in Ukrainian flag colors. Likewise, the VU will continue to support the initiatives of social and business partners by seeking to support democratic ideas mobilizing support for the Ukrainian state and its people. Furthermore, the University supports and unites the historically close peoples of Ukraine, Belarus, Poland, and Lithuania and undertakes to spread the word and openly condemn academic and other violations of freedoms.

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