The first joint student scientific conference of Riga Technical University and the University of Latvia

On 23 and 24 April 2018, the first joint student scientific conference of the Faculty of Engineering Economics and Management of Riga Technical University (RTU FEEM) was held in cooperation with the Faculty of Business, Management and Economics of the University of Latvia (LU BVEF).

The student scientific conference was attended by the students of Bachelor’s and Master’s study programs, who, before defending their graduation papers, were able to present their Bachelor’s and Master’s theses, introducing their findings to broader audience.


In total, during the two days of the student scientific conference, more than 30 student research works were presented, covering various areas. In each section, the authors of the best studies received entrance cards for the TEDxRiga conference in 2018, as well as the invitation to submit scientific articles for publication in the Journals of the University of Latvia and Riga Technical University. There was a productive discussion between the presenters, the section chairs and the audience, generating different ideas and offers for new research in the future. All conference participants received certificates.

The authors of the best scientific research papers were:

  • Terēze Balode-Boluža, research theme Commercial banking supervision and its implementation in Latvia in the period from 2008 to 2016, University of Latvia;
  • Marika Ragucka-Ragovska, research theme Mutual interaction of customs value and transfer prices, RTU FEEM;
  • Andrejs Liberts, research theme The role of the company brand in the Business to Business sector of hospital segment in pharmacy, University of Latvia;
  • Olga Ormane, research theme Employee performance management models, RTU FEEM.

“The participants of the Business, management and marketing section of the student scientific conference were mostly graduates. At the same time, comparatively high-quality research results were also demonstrated by undergraduates. In the conference, students presented the results of applied research, but some works were of high value in particular spheres. The work of the section was organized in such a way that all the presenters were involved in the discussion of the research results. They actively used this opportunity, thus gaining insights and recommendations for further work not only from experienced research section chairs but also from other students”, explains Mikus Dubickis, chair of the RTU FEEM section.

The conference was organized in two sections – Current challenges in the economy at the Faculty of Business, Management and Economics of the University of Latvia (BVEF) on 24 April, and Business, Management and Marketing at the Faculty of Engineering Economics and Management of Riga Technical University (RTU FEEM) on 25 April.

The conference was organized by prof. Elīna Gaile-Sarkane, Dean of RTU FEEM and assoc. prof. Inna Romānova, Vice Dean for Research of LU BVEF.

RTU Students at Nasdaq Riga “Ring The Bell!” Ceremony

On Monday, March 12 the students of the Faculty of Engineering Economics and Management attended a bell ringing ceremony hosted by Nasdaq Riga. The ceremony was organized to celebrate the opening of the 6th Financial Literacy Week in Latvia, which took place from March 12 to 18. The aim of the week was to raise awareness and improve understanding and knowledge about financial management. “Ring the Bell!” ceremony also took place in more than 40 stock exchanges around the world in the framework of similar events, such as Child and Youth Finance International (CYFI), Global Money Week, etc. After the ceremony Uģis Kampars from Nasdaq Riga gave a presentation to the students about the stock exchange, different financial instruments and possibilities for investments.

International Video Pitch Contest

If you have a startup business idea or an existing new business, take a part in the international video pitch contest and win cash recognition!

You can win teh local award $ 350 for the 1-st place and $ 150 for the 2-nd place.
International awards are $ 750 and $ 250 accordingly.

Prepare an innovative, attractive 2 minute video pitch and a one page business outline.
You can participate individually or in groups. At least one participant must be RTU student.

In case of questions e-mail:



RTU Design Factory welcomes to apply for spring season for «Demola Latvia»

RTU Design Factory welcomes to apply for spring season for «Demola Latvia» – Part of the World’s Strongest Innovation Ecosystem.

Riga Technical University (RTU) in cooperation with partners – Investment and Development Agency of Latvia and the University of Latvia – have gained the rights and received the funding to establish and maintain a cooperation platform for students, companies and universities – «Demola Latvia». Fall season 2017 has finished with successful results. There were created 17 interdisciplinary teams with 84 participants and brought in 16 companies, that provided 17 problem cases. Results regarding the number of solutions bought are not clear yet, because the discussions with companies are still in process. What is clear is that there will be more than one success story. Final Pitch of «Demola Latvia» Fall season will held on December 13 at the RTU Design Factory.

Project coordinator Liene Rubina thoughts about Fall 2017 season: ««Demola Latvia» is a learning process, during which not only participants, business representatives, but also coordinators and lecturers develop themselves. During this project it enabled to be involved to co-operation with other nationalities, develop teamwork skills, importance of priority setting and practice methods and open their creativity. Over the course of 4 months, participants have been able to create competitive, industry-relevant solutions by overcoming various personal and collective challenges, demonstrating the importance of such interdisciplinary projects in promoting inter-community, university and industry.»

Application time for the Spring season has been started. If you are ready to put your skills to the test and co-create solutions as a member of an international& interdisciplinary team, all you need to do is frequently check at for company cases that will be soon uploaded there. Deadline of application is 5th of January. «Demola Latvia» Spring season will be better from perspective of an organization, providing feedback in order to make results to take shape earlier in the season and «Demola Latvia» team also will more be involved in communication between teams and companies.

«Demola» has gained world recognition since 2008. «Demola Latvia» was launched in 2014 as a cooperation platform for creative students eager to work, enterprises and representatives of various organizations looking for solutions to concrete problems. «Demola Latvia» develops an action plan and methodology, provides mentor support and runs training seminars to ensure a cross-disciplinary student team reaches the envisioned results. If student ideas and final result are satisfactory, youngsters receive remuneration from the partner as stipulated in the agreement, in turn, the partner gets new creative solutions without being subjected to financial risk.



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


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:



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.