2014-11-04
At the Euro Exhibition — Awards for Student Scientific Works in the Competition “New Economic Ideas”
On Wednesday, November 5th, the winning scientific works of the competition “New Economic Ideas” for higher-education school students, arranged by the Bank of Lithuania, will be awarded. The winners will be welcomed by Raimondas Kuodis, Deputy Chairman of the Board of the Bank of Lithuania. The event dedicated to the competition “New Economic Ideas” will take place at the museum of the Palace of the Grand Dukes of Lithuania in Vilnius, Euro Exhibition area (Katedros a. 4, Vilnius). The event will start at 5 p. m.
The Bank of Lithuania is arranging this competition with a view to increasing the development of economic ideas and promoting financial awareness. The competition was arranged for the third time.
The date of awarding is symbolical. November 5th is the birthday of professor Vladas Jurgutis (born 1885). Vladas Jurgutis is the founder of the Bank of Lithuania and is called “the father of the litas”. He devoted his whole life to the finances of the national economy and monetary policy; he wrote the first handbook on economy and educated academic youth.
In promoting banking, financial, monetary and macro-economic research, the Bank of Lithuania has established the Vladas Jurgutis Award, thereby noting his merits to banking in Lithuania. The award is granted jointly with the Academy of Sciences.
In addition, the Bank of Lithuania grants Vladas Jurgutis annual scholarships to two full-time students of banking and finance with the best academic performance at Lithuanian universities.