EC VICE-PRESIDENT VALDIS DOMBROVSKIS IS AWARDED RTU HONORARY MEMBER DIPLOMA

11.10.2017

On Friday, October 6, at the ceremonial meeting of RTU Senate RTU Rector Academician Leonīds Ribickis awarded the Honorary Member Diploma to the Vice-President of the European Commission (EC) and graduate of the Faculty of Engineering Economics and Management (FEEM) of Riga Technical University (RTU) Valdis Dombrovskis. After the meeting V. Dombrovskis delivered a lecture «Strengthening of European Economic and Monetary Union» to the academic staff and students of RTU. After the lecture, he visited RTU Design Factory and laboratories of the Faculty of Power and Electrical Engineering.

When greeting V. Dombrovskis, RTU Rector Academician L.Ribickis said, «This is a very solemn and special occasion on our 155th anniversary, which we will be celebrating on October 14». Valdis Dombrovskis –Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union – received RTU Honorary Member Diploma for support in improvement of RTU study programmes and development of higher education study field «Internal Security and Civil Protection» according to the European Union (EU) guidelines.

«It is a great pleasure and honour for me to be in my Alma Mater,» said V. Dombrovskis receiving the Honorary Member Diploma, thanking the administration and academic staff of RTU, who «invest a lot of work in shaping the future and strengthening the national economy». The Vice-President of EC emphasised that RTU is one of the pillars of national economy and competitiveness, and knowledge provided by RTU has high practical applicability and high demand in the labour market.

«Valdis Dombrovskis has not commenced cooperation with the Faculty after receiving the diploma – he is with us both on celebrations and continues to give great support to our Faculty, especially in the field related to the training of customs and tax specialists,» said the Director of FEEM International Business and Customs Institute Aivars Vilnis Krastiņš, emphasising that V. Dombrovskis’ vision and understanding of labour dynamics, migration and security aspects notably contribute to the development of internationally competitive studies at FEEM, while his success confirms that RTU educates and trains high-level specialists.

V. Dombrovskis graduated from RTU FEEM in 1995, earning a Bachelor’s degree, and in 2007 received a Master’s degree. He studied physics at the University of Latvia and was engaged in research in Germany and the USA; however, his practical work was related to the specialty acquired at RTU. V. Dombrovskis worked at the Bank of Latvia, was the Minister of Finance of the Republic of Latvia and for three times – Prime Minister of the Republic of Latvia, and in 2014 he became Vice-President of the European Commission.

Persons working in spheres of science, education, culture, social welfare, national economy and state administration of Latvia and other countries, who have contributed to the substantial development of the University, can be elected RTU Honorary Members. After restoration of independence of the Republic of Latvia RTU honorary member status has been granted to only six people – Academician Jānis Stradiņš, Professor of Zürich Federal Technical Higher School Konrad Osterwalder, Vice President for Finance and Management, Buffalo State, the State University of New York Voldemar A. Innus, Former President of the Republic of Latvia Andris Bērziņš, Chairman of the Board of Association of Mechanical Engineering and Metalworking Industries of Latvia Vilnis Rantiņš and now – Valdis Dombrovskis.

FEEM Scientists and Doctoral Students Attend a Prestigious Conference in Denmark

From 5th to 7th August Doctoral students from the Faculty of Engineering Economics and Management Svetlana Mjakuškina and Maija Kavosa as well as Professor Inga Lapiņa participated in the 20th International Scientific Conference on topical issues in quality management “QMOD-ICQSS Challenges and Opportunities of Quality in the 4th Industrial Revolution”, in Helsingør in Denmark.

The founders and organizers of the conference from Sweden Prof. Dr. Jens J. Dahlgaard of Linköping University and Prof. Dr. Su Mi Dahlgaard-Park of Lund University noted that “QMOD-ICQSS” has become one of the largest scientific conferences in the world devoted to quality, service, organizational development and related issues. This year marks the twentieth anniversary of the conference. More information on the conference website.

The conference also presented the scientific publications of our faculty representatives:

Imants Meiers-Meiris, Jānis Mazais, Inga Lapiņa “Risk Management Framework for Integrated Management Systems”,

Svetlana Mjakuškina, Inga Lapiņa “The Product Conformity Assessment Elements in the Inetegrated Managment System”,

Maija Kavosa, Inga Lapiņa, “Certification Process in the Field of Energy Construction in Latvia: Risk Analysis”.

Professor Inga Lapiņa led the ISO 9000 Quality Management System section of the conference. She received a certificate of gratitude for her contribution to the conference work. Professor has participated in the work of the conference scientific committee, article review and section management since 2014.

 

 

 

FEEM Scientists Present the Results of Their Research in an International Conference in Orlando, USA

An international scientific conference “The 21st World Multi-Conference on Systemics, Cybernetics and Informatics: WMSCI 2017” was held in Orlando in the United States in the first half of July, where the academic staff of the Faculty of Engineering Economics and Management organized a conference section and participated with readings of the research results.

At the conference section “Transformation of Education and Research: Applicability and Sustainability” they presented the results of the project “EU policies impact to the transformations of the higher education and research system in Norway and Latvia” (VIAA identification number NFI/R/2014/006) of the EEA and Norwegian Financial Instrument Program “Research and Scholarship”. This project, which was implemented by the FEEM from 2015 to 2017 under the supervision of RTU docent M. Ozoliņš and the leading expert of the project Prof. E. Gaile-Sarkane and Prof. I. Lapiņa. The work of the conference section focused on wider dissemination of project results and presented four articles prepared during the project:

Ingars Eriņš, Jana Eriņa “Assessment of the Factors Influencing Higher Education Funding Policies”

Tatjana Ņikitina, Inga Lapiņa “Overview of Trends and Developments in Business Education”

Anita Straujuma, Inga Lapiņa, Elīna Gaile-Sarkane, Modris Ozoliņš “Policies, Legislation and Regulatory Compliance Governance Impact on Strategic Management of Higher Education and Research Institutions in Latvia”

Andrejs Geske, Dina Bērziņa “A Two-Speed Europe in the Area of Research”

The article by Anita Straujuma, Inga Lapiņa, Elīna Gaile-Sarkane, Modris Ozoliņš was nominated the “Sessions’s Best Paper Award”.

 

 

25th INFORUM World Conference

The 25th INFORUM (INterindustry FORecasting at the University of Maryland) World Conference was held in Riga from August 28th to September 1st, 2017. Economic researchers from five continents discussed development and application of econometric, input-output and INFORUM-type models used for analysis and forecasts of economic development and industry structure dynamics (Fig.1).

Fig.1. Opening speech by Prof. R.Počs, the Dean of the Faculty of Engineering Economics and Management, Riga Technical University (RTU) (T.Juhna, the Vice-Rector for Research, RTU and D.S.Meade, the Director of INFORUM at the presidium table).

 The scientific project of the INFORUM model development was started 50 years ago. It is now being successfully developed by the scientists of the University of Maryland under the supervision of C.Almon. The project unites scientists and scientific institutions from 24 different countries – the USA, Australia, Austria, Belgium, Canada, China, Denmark, Estonia, France, Germany, Hungary, Italy, Japan, Korea, Latvia, Lithuania, Mexico, Poland, Russia, South Africa, Spain, Switzerland, Thailand and Turkey.

Fig.2. Participants of the Conference.

Each year the conference is organized by one of the partner countries. This year the conference was organized by the Department of International Relations, Transport Economics and Logistics of the Faculty of Engineering Economics and Management at Riga Technical University. The conference brought together researchers from 14 countries: the USA, Italy, Germany, China, Japan, South Africa, Russia, Poland, Turkey, Estonia, Hungary, Chile, Korea and Latvia (Fig.2).

Fig.3. Prof. T.Juhna, the Vice-Rector for Research of Riga Technical University giving a speech.

At the opening of the conference T. Juhna, the Vice-Rector for Research, RTU informed the participants about the University and its scientific achievements. He also pledged his support for scientific research of INFORUM project network (Fig.3).

Fig. 4. Assoc.Prof. V.Ozoliņa presenting a report.

Assoc. Prof. V. Ozoliņa and Prof. R. Počs from Riga Technical University, Latvia presented their study on competitiveness analysis using macroeconomic models (Fig.4). Scientists from other countries gave their reports on analysis and modelling of structural changes,  labour migration and human capital, different aspects of value-added trade and other results of research (for example, Structural Changes of Chinese Economy – Based on Input-Output  Analysis (S. Li), Assessing the Economic Contribution of Labour Migration in South Africa by a Dynamic Multisectoral Macroeconomic Model (D. Mullins, P. Nkosi, D. Mosaka), Trade in Value-Added and Labour Productivity (T. Hasegawa), Explorations of U.S. Tax Reform (D.S.Meade)). Participants of the conference presented and discussed the latest achievements, improvements and updates on development of dynamic input-output INFORUM models. In addition to scientific report sessions, the conference also featured a workshop on the specialized modelling software Portable Dyme, its specifics and application.

Fig.5. D.S.Meade, the Director of the INFORUM from the USA and Prof. R.Počs from RTU signing the cooperation agreement.

Signing the cooperation agreement between the national partners of the INFORUM network on August 31st was a significant event at the conference (Fig.5).

RTU FEEM and RBS are admitted to the international organization EFMD

29.06.2017.

Faculty of Engineering Economics and Management (FEEM) and Riga Business School (RBS) of Riga Technical University (RTU) are admitted to the European Foundation for Management Development (EFMD), an international organization for business and management education.

EFMD is an international non-profit organization combining the best business and management high schools and major companies to promote management development and build socially responsible leaders and managers. EFMD implements an international approach to management education and provides a forum for information, research, collaboration and debate on best practice and innovation issues in the sphere of management development.

The joining of RTU FEEM and RBS to EFMD was supported by the existing members of the organization – Aalto University and Baltic Management Development Association (BMDA).

As the largest and leading international network organization in the field of management development, EFMD brings together nearly 900 institutional members and more than 30,000 management development professionals in academic universities, businesses, government agencies and advisory agencies in 86 countries.

Participation in the EFMD organization for the RTU FEEM and RBS academic staff and students provides a wide range of various, even unique opportunities for international cooperation – participation in conferences and events around the world where topics are related to management development, the latest research and exchange of experience, improvement of education quality and accreditation through EQUIS, EPAS, EOCCS and CLIP, as well as the EFMD GNP Deans Crossing Frontiers mentoring program (EDAF) and the Business School Impact System (BSIS).

Professor Inga Lapiņa, Vice-Dean for Academic Affairs of the Faculty of Engineering Economics and Management, emphasizes: “We hope that participation in EFMD will provide significant opportunities for cooperation, creative approach, mutual enrichment and new, innovative ideas and concepts, and we will be able to use the access to a wide range of information and services in the field of management education development. Our goal is to improve the quality of the existing study programs and projects and increase the overall efficiency of work.”

EFMD’s mission is to improve the performance and development of management education across the globe, build collaboration between business schools and businesses, create and disseminate knowledge of best practices and trends in management education and its development, provide benchmarking and impact assessment systems and accreditations, organize conferences and seminars with the aim to share the latest and most relevant information and build a network of collaboration partners, implement international projects around the world, influence international state and non-governmental organizations through advocacy and lobbying.

EFMD started its activities in 1972, its headquarters in Brussels, Belgium, with offices located in Asia and the United States.

More information on the EFMD website: www.efmd.org

RTU IS RANKED AMONG TOP 400 THE BEST UNIVERSITIES IN EUROPE

26.06.2017.

Riga Technical University (RTU) is placed in the group of universities ranked 301–400 in one of the world’s leading university rankings – the Times Higher Education. The ranking is based on the data of the Times Higher Education World University Ranking, in which RTU was included for the first time in September 2016.

Director of the Quality Management and Record Management Department at RTU Juris Iljins says, «In the Times Higher Education World University Rankings, RTU has been ranked equally with the Tallinn University of Technology and Vilnius University, whose funding is several times higher. It can be stated that our performance in student education and science is the same. With additional investments RTU can improve its performance and achieve even the highest position in the international ranking».

Oxford University is ranked 1st in the rankings this year, followed by Cambridge University in the 2nd place, and Imperial College London in the 3rd place. From the Baltic States, six universities – RTU, University of Latvia, Vilnius University, Kaunas University of Technology and Tallinn University of Technology – have been ranked among the 301+ universities, and the University of Tartu has been placed in the group of universities ranked 151–160.

Ranking

 

RTU ranked among 2.5% of world leading universities

09.06.2017.

Riga Technical University (RTU) has been ranked in the 651 to 700 range of QS World University Rankings 2018, which attests that RTU is among 2.5% of world’s top universities. RTU has received the highest ranking among higher education institutions in Latvia. The University reputation among employers has been assessed on a high level – in this category RTU has been recognised as the 193rd best in the world. 

RTU Academician Leonīds Ribickis states, «The ranking of RTU among 700 world’s top universities shows the rapid development of RTU. RTU has been ranked among 200 top universities in terms of employer reputation and this proves that Latvian and foreign employers highly evaluate the quality of engineering specialists educated at RTU. The world’s leading university rankings such as QS World University Rankings and Times Higher Education are a good indicator for determining which universities in Latvia are internationally competitive and which are not».

All 980 higher education institutions included in the ranking were assessed taking into consideration six factors – Academic Reputation, Employer Reputation, Citations per Paper, Faculty/Student Ratio, as well as International Faculty and International Students. In three criteria – International Faculty and International Students, and Employer Reputation – RTU has shown the highest results in Latvia. According to employer reputation in Latvia and worldwide, RTU was ranked 193rd in the world. From Latvia, also the University of Latvia was included in the ranking reaching the range of 701 to 750.

The assessment of Academic Reputation, Employer Reputation is based on extensive international surveys, i.e. employers and academicians not only from Latvia but also from other countries expressed opinion about RTU. The performance of higher education institutions in other criteria was assessed on the basis of submitted data that were verified according to internationally available information.

Massachusetts Institute of Technology was ranked in first place, Stanford University – second and Harvard University – third.

RTU is included in The Times Higher Education World University Rankings, QS Stars, U-Multirank and Green Metric rankings. RTU graduate employability, cooperation with companies, internationalisation, as well as environmental policy and sustainability have been highly evaluated in these rankings.

QS World University Rankings.

 

Professor Dr. oec. Elīna Gaile-Sarkane elected the new dean of RTU FEEM

09.06.2017.

The Council of Faculty of Engineering Economics and Management (FEEM), Riga Technical University (RTU), on Tuesday, June 6, elected the new dean of the Faculty – Professor Dr. oec. Elīna Gaile-Sarkane.

Until now, the Faculty was led by dean Professor Remigijs Počs.

Professor Elīna Gaile-Sarkane is Director of Institute of Business Engineering and Management at RTU FEEM, chair of RTU Senate and up to now, RTU FEEM vice dean for research.

Prof. Elīna Gaile-Sarkane is expert of the Latvian Council of Science, scientific supervisor of many doctoral theses, editorial board member of various scientific publications.

On 14 October 2016, when Riga hosted the 33rd World Cultural Council Award Ceremony, she was awarded with the Certificate of Recognition for her contribution to the development of higher education. Prior to that, in September, E. Gaile-Sarkane received the Certificate of Recognition from the Ministry of Education and Science of the Republic of Latvia for significant contribution to the implementation of higher education, for building a single academic family in the sphere of entrepreneurship, innovation and strategic management in Latvia and worldwide. E. Gaile-Sarkane is a multiple laureate of the annual prize «FEEM Pride» established by the FEEM students.

Prof. E. Gaile-Sarkane is going to start work as the dean in the new academic year in September 2017.

We congratulate her and wish the Faculty dynamic and sustainable development under the leadership of the new dean!

 

 

 

International scientific conference “Economics and Management, ICEM-2017” successfully completed

 

Faculty of Engineering Economics and Management, Riga Technical University (RTU FEEM) organized the 22nd international scientific conference “Economics and Management, ICEM-2017” (ICEM-2017) from 10 to 12 May.

ICEM is a “traveling” conference, which is annually organized by one of the four cooperation universities: School of Economics and Business, Kaunas University of Technology (KUT SEB) in Lithuania, RTU FEEM in Latvia, Faculty of Business and Management, Brno University of Technology (BUT FBM) in the Czech Republic and Tallinn School of Economics and Business Administration, Tallinn University of Technology (TUT TSEBA) in Estonia.

On 11 May, the Conference plenary session was opened by prof. Tālis Juhna, RTU Vice-Rector for Science at the RTU Scientific Library at Paula Valdena Street 5. Conference participants and guests were welcomed by prof. Remigijs Počs, dean of RTU FEEM, prof. Edita Gimžauskienė, dean of KUT SEB dean, Stanislav Škapa, dean of BUT FBM, and prof. Tatjana Põlajeva, TUT TSEBA.

The main theme of the Conference “ICEM- 2017” was “Facing the 4th Industrial Revolution”. The presenters at the plenary session were Pavlo Sheremeta, former Ukrainian Economic Development and Trade Minister (2014), leading Ukrainian economist, Professor Alan Barrell, Judge Business School, University of Cambridge, Nellija Ločmele, chief editor and Member of the Board of the weekly magazine “IR” as well as Assistant Professor Modris Ozoliņš, Director of International program department of RTU FEEM. All speakers noted the progress of science and technology development, global changes in the communication environment and culture, as well as in consumer behaviour. Professor Allan Barrell stressed: “An Imperative to optimise Technology and Knowledge Development and Transfer. The Imaginative Entrepreneurial Ecosystem to transform Knowledge into a better world!”

During the conference sections work, participants presented a number of articles on topical issues in today’s economy and management:

  • Financial economics and corporate finance challenges and opportunities;
  • Accounting;
  • Human resources in the world without borders;
  • Modern marketing: inspiration, innovation and their implementation;
  • Strategic management in the global economy: entrepreneurship, innovation and internationalization;
  • The global economy and national competitiveness;
  • Finance, taxes and challenges in legislation;
  • Process management after the fourth industrial revolution;
  • Quantitative methods and their use in economic models;
  • Corporate social responsibility: interaction between businesses, society and the state.

 

ICEM-2017 PHOTO GALLERY

Proof of the high quality of the RTU FEEM and RBS Master’s programs

18.04.2017.

For the fourth time the Master’s programs of the Faculty of Engineering and Management at Riga Technical University (RTU FEEM) and Riga Business School (RBS) have gained outstanding evaluation in the international Master’s program rating «Eduniversal Best Masters Ranking 2017» (www.best-masters.com) in all the represented categories. The number of RTU FEEM Master’s programs included in the Rating has risen and the results confirm the high quality of the RTU FEEM and RBS Master’s programs and their international competitiveness in various fields.

Two RTU FEEM Master’s professional study programs have been included among the 50 best university and business school programs in the world:

  • «Administration of Customs and Taxes» is ranked 35th in the field of tax administration;
  • «Total Quality Management» is ranked 39th in the field of business intelligence, knowledge and safety management.

Two RTU FEEM Master’s professional study programs are included among the 100 best university and business school programs in the world:

  • «Civil Construction and Real Estate Management» is ranked 34th in the field of real estate management;
  • «Innovations and Entrepreneurship» is ranked 58th in the field of entrepreneurship.

Three RTU FEEM Master’s study programs are included among the 200 best university and business school programs in the Eastern European region:

  • the academic program «Economics» is ranked 7th among the 10 best in the field of economics;
  • the academic program «Business Finance» is ranked 5th among the 20 best in the field of finance;
  • the professional program «Organization and Management of International Economic Relations» is ranked 7th among the 20 best in the field of international management.

The RBS Master’s professional study program «Entrepreneurship and Management» is included in 3 positions of the rankings in the Eastern European region:

  • in «Professional MBA in Marketing» it is ranked 15th among the 20 best in the field of marketing;
  • in «Professional MBA» it is ranked 11th among the 25 best;
  • in «Executive MBA» it is ranked 14th among the 25 best.

Eduniversal is a ranking and rating business by the French rating agency and consulting company SMBG. It is an organization that specializes in higher education and vocational orientation. Every year, it assesses 1,000 best universities and business schools of 154 countries in nine geographical regions of the world (Far East Asia, Eastern Europe, Africa, Central Asia, Eurasia and Middle East, Latin America, Oceania, Western Europe and North America); it also assesses Master’s programs on a global scale, including 4,000 Master and MBA programs with specialization in 30 different fields.

Eduniversal aims to create a list of the world’s best higher education institutions in order to help interested parties to choose the most appropriate world universities and business schools on the basis of recommendations from recognized educational experts. Besides that, Eduniversal promotes international mobility of students and academic staff.