Saliamonas Banaitis Scholarship Competition Announced

On the occasion of February 16th, the Restoration of the State of Lithuania, Vytautas Magnus University (VMU) announces the Saliamonas Banaitis Scholarship competition. S. Banaitis (1866–1933) was a public and state figure of Independent Lithuania, a member of the Council of Lithuania, a signatory of the Act of Independence of the Republic of Lithuania, and a former VMU student. Applications for the scholarship are open until another significant day for Lithuania—March 11th (inclusive), the Day of Restoration of Independence of Lithuania.

Saliamonas Banaitis scholarship was established at the University in 2016 to celebrate the 100th anniversary of the restoration of Lithuanian statehood by his grandchildren living in Canada. The scholarship aims to support and encourage the most talented students at the University conducting research related to personalities, organizations, events, or processes of the First Independent Republic of Lithuania (1918-1940), which in one way or another are connected with the activities and environment of the signatory of the Act, S. Banaitis.

In this context, a thematic competition is being launched for students at all levels who are writing a thesis or carrying out research on one or more of the themes indicated by the founder of the scholarship:

History of Lithuania relating to the activities, professional interests, or achievements of Saliamonas Banaitis, his family, or relatives.
Lithuanian culture (art) related to the activities, professional interests, or achievements of S. Banaitis, his family, or relatives.
transportation of goods or people by land and water (priority is given if there is any connection with S. Banaitis, his family, or relatives).
communication, publishing, and dissemination (priority is given if there is any connection with S. Banaitis, his family, or relatives).
the family economy and its development (priority is given if there is any connection with S. Banaitis, his family, or relatives).
amateur, village (barn) theatre or folk music (priority is given if there is any connection with S. Banaitis, his family, or relatives).

The scholarship in the name of S. Banaitis, signatory of the Act of Independence of the Republic of Lithuania, with a preliminary amount of ~ 2,200 EUR (up to half of the amount of the scholarship, i.e. ~ 1,100 EUR if the scholarship is awarded to two persons), will be given to the student(s) who is/are most relevant to the field of study, and who is/are intending to have his/her/their research published.

The decision to award the scholarship is made by the Lithuanian Canadian Foundation (LCF), with which VMU has concluded a cooperation agreement, according to which the nominal S. Banaitis Scholarship is awarded to the best students at the University whose studies and/or research interest is related to the history, culture, and achievements of Lithuania. Priority is given to students who are interested in the activities, professional interests, or achievements of Saliamonas Banaitis, his family, or relatives, thus encouraging students to achieve professional and academic excellence.

Students who are willing to apply for S. Banaitis scholarship must complete an electronic application form in Student portal until March 11^th. How to do this?

log in to the VMU Student portal using your personal login provided by the University.
select the Applications in the menu box and click on the Requests.
select the application category Finances and Scholarships and other support, click Nominal scholarship (form F-005), complete the form, justifying the area of study or research interest in the priority list of topics above and indicating its relevance: identification of work in progress, etc. and submit it.

The candidate(s) selected by the Foundation’s founder will be personally informed by the end of May of the conditions and deadlines for awarding the scholarship.

For more information on the scholarship and its award, please contact:

VMU Agriculture Academy Career Day 2025 “A Career That Changes the World is in Your Hands”

Vytautas Magnus University (VMU) Agriculture Academy invites students, high school seniors, graduates, and other interested parties to participate in the VMU Agriculture Academy Career Day 2025 “A Career That Changes the World is in Your Hands” on February 26, from 13:00 to 15:00.

Event participants will be invited to a fair/live meetings and discussions with leaders in the agro-sector about progress and innovation, challenges and opportunities, the competencies needed by professionals, and future perspectives.

Innovations drive progress and inspire the creation of an ecological, green, and sustainable future for our children. Smart technologies, innovations, robotics, artificial intelligence, and intelligent solutions in the agro-sector are no longer the future, but the present. The creation of advanced solutions and process management requires highly skilled professionals who are experts in their field. Leaders in the agricultural sector will share their experiences at the fair, discussing progress, innovation, challenges, opportunities, competencies for professionals, and future perspectives. Representatives from companies will attend the event in person to meet with VMU Agriculture Academy students.

During VDU ŽŪA Career Day’25, there will be a game called “Meetings That Pay Off,” where participants will have the opportunity to win exciting prizes.

Professionals from fields such as agribusiness, engineering, agronomy, forestry, food industry, finance, and smart technologies, who need representatives from various VMU Agriculture Academy study programs, will provide valuable advice and insights to students aiming to realize themselves professionally, high school students making decisions about their career paths, and other interested parties who wish to learn about the progress in the agro-sector and the unlimited opportunities it offers.

The event will be beneficial for students looking to understand which competencies are most important in today’s and the future job market, seeking internships or job offers, looking for new ideas for their final thesis topics, familiarizing themselves with the progress, innovations, and work culture of agro-sector companies and institutions, as well as high school students interested in future job market trends, the demand for specialists, promising VDU Agricultural Academy study programs and specialties, and career opportunities in the modern agro-sector, as well as other interested parties wanting to learn about the agro-sector’s progress, job market trends, and limitless career opportunities.

The event will take place at VMU Agriculture Academy Central Building, 5th floor (Studentų St. 11, Akademija, Kaunas District).

Please be informed that the event may be filmed and/or photographed, and you may be visible in event photos or videos that could be published in various media outlets.

Free Online Webinar “Customs Duties and Their Impact on Global Trade Dynamics”

VMU Agriculture Academy Faculty of Bioeconomy Development invites you to join a free webinar on 20 February 2025, at 15:00 (EET, Lithuania time zone) to explore the importance of customs duties in global trade and stay updated on the latest regulatory changes.

You will also find out why it is worth joining the MBA programme “Customs Process Management”. The application for foreign candidates is already open at vytautasmagnus.dreamapply.com. MBA “Customs Process Management” has received a positive decision for the EU Customs Recognition Certificate and is awaiting the official certificate. This means that you will be able to hold a Master’s degree from an EU-certified MBA programme, which will have a positive impact on your career.

What to expect in a webinar?

The MBA students Mantas Rimašauskas & Donatas Butrimas will share their insights on the situation of car imports in the EU.
Partnership assoc. prof. Anthony Buckley will discuss how the new US import tariffs pose a challenge to trading partners.
The Head of the Committee assoc. prof. dr. Erika Besusparienė will present the MBA “Customs Process Management“.
Live question and answer session with speakers.

Date: 20 February 2025

Time: 15:00 (EET, Lithuania time zone) The planned duration of the webinar will be approximately one hour.

Format: Online Webinar via TEAMS

Language: The webinar is held in English.

REGISTRATION

The link to join the TEAMS platform before the webinar will be sent to the email address provided during registration.

Join, explore, and become part of the MBA community!

Teaching aid, research paper competitions and awarding nominations of VMU AA employees are announced

We invite the employees of the VMU Agriculture Agriculture to participate in the competition of teaching aid and research papers, sharing with the community the significant work done and celebrating the achievements.

The winners will be awarded at the festive commemoration of the Day of the Restoration of Lithuania’s Independence, which will take place in the Hall of VMU Agriculture Academy central building (Studentų str. 11, Akademija, Kaunas distr.) on March 12. 1 p.m.

TEACHING AID COMPETITION REGULATIONS

Follow the approved regulations: REGULATIONS.

Teaching aid (TA) competition is organized to initiate the sharing of experience in the development and use of advanced teaching methods and TAs among the teachers among the teachers at the VMU Agriculture Academy; to accelerate the development and use of TAs and innovative teaching techniques; to encourage the teachers to develop and improve TAs and apply them effectively in their teaching activities.

The competition is open to employees at the VMU Agriculture Academy and their teams who have developed new TAs and applied them in teaching the students at the VMU Agriculture Academy.

Entries can be submitted under the following headings:

Teaching publications (textbooks, course books, lecture notes, descriptions of laboratory work and exercises, other teaching publications (> 50 pages), published in print or electronic form);
Visual aids (instruments, tools, laboratory and display benches, mockups, models,
collections of objects studied, videos, poster sets, and other tools);
Methods of organizing studies and other TAs (integrated provision of supporting teaching aids for the study subject, implementation of distance learning, implementation of other innovative study methods, etc.).

The application shall be accompanied by an extract of the minutes of the academic unit Council or a committee authorized by it, along with a recommendation, and a copy of the TA (or its location) and a description of it.

The TA description shall specify the following:

Name of TA;
Author(s)’ details (name, surname, faculty, institute, department, position, title, academic title and scientific degree, telephone number, email address);
Purpose of the TA (study programme, study subject, topics within the study subject structure);
Relevance (need, previous development of similar tools, etc.);
Methodological compatibility with independent studies (possibilities for active learning and innovative study methods using the TA);
Innovation (innovation in the presentation of course material) and scientific approach (use of the latest scientific information and tools, possibilities for student involvement in research);
Visual quality of the knowledge presented and quality of the publication design (intensity of use of visual elements, strong aspects of the publication design);
Other benefits.

Candidates’ documents for the competition shall be submitted to the coordinator for the administration of studies in the Administrative Group of the VMU Agriculture Academy dr. Rasa Čingienė (by email rasa.cingiene@vdu.lt or at VMU AA central building room 237) by 15 February.

A maximum of 3 prizes will be awarded per heading. Prizes are awarded to first-place winners, and certificates of appreciation are awarded to second and third-place winners. The prize fund shall be allocated by the Chancellor of the VMU Agriculture Academy.

Contact for more information: dr. Rasa Čingienė rasa.cingiene@vdu.lt, +370 682 22874, +370 37 752107, VMU AA central building room 237.

RESEARCH PAPER COMPETITION REGULATIONS

Follow the approved regulations: REGULATIONS.

Research paper (RP) competition is organized to encourage the teachers, researchers, and PhD students at the VMU Agriculture Academy to conduct research and disseminate the results thereof in the scientific journals of the international level or other publications, to contribute to a higher international competitiveness, enhancement of the scientific, social and economic environment of Vytautas Magnus University and of the whole country; to select, promote, and reward the best researchers and research groups at the VMU Agriculture Academy.

The competition is open to teachers, researchers, and PhD students of the VMU Agriculture Academy.

Entries can be submitted under the following headings:

research group category (the number of authors of a submitted research paper shall be between 2 to 4, and each publication shall be authored by at least two authors from the research group participating in the competition);
international researcher’s category (a researcher working on a research project in collaboration with researchers from other countries);
category of the young researcher (researchers with a doctoral degree, no older than 40 years old by the application deadline), doctoral student or their team.

The RP competition is open to collections of scientific output on a common topic for the last 2 calendar years, which may include:

scientific monographs, parts of scientific monographs, scientific studies;
patented scientific production, registered plant and animal varieties;
scientific articles;
oral presentations at plenary sessions of international scientific conferences (the conference program shall be presented).

The RP shall be submitted to the competition together with the following:

Extract from the minutes of the Council of the academic unit or a committee authorised by it, with a recommendation, which shall include the title of the submitted RP, the author(s) and the creative contribution that shall be assessed in proportion to the number of authors or on the basis of a joint declaration signed by the authors.
A brief description (up to 1 page) of the research paper or collection of the scientific production, indicating the title of the RP, the components of the submitted scientific paper or parts of the collection of the scientific output, the coefficient of contribution, and highlighting the most important aspects of the RP that are relevant to the competition.
Information about the author(s) of the RP (name, surname, position, scientific degree, scientific achievements).

The competition is not open to winners of the previous year’s RP competition.

Candidates’ documents for the competition shall be submitted to the Scientific Activity Coordinator dr. Algis Kvaraciejus (by email algis.kvaraciejus@vdu.lt or at VMU AA central building room 227) at the VMU Agriculture Academy by 15 February.

A maximum of 5 prizes will be awarded to the winners of the RP competition: a maximum of 3 prizes shall be awarded in the 1st category and 1 prize in the 2nd and 3rd categories each.

Contact for more information: dr. Algis Kvaraciejus, algis.kvaraciejus@vdu.lt, +370 37 752350, VMU AA central building room 227.

THE SUBMISSION OF NOMINATIONS

Follow the approved regulations: REGULATIONS.

The Nominations are an incentive tool to encourage the involvement of the employees and students of the VMU Agriculture Academy in further development of the quality of studies, research and scientific services, the creation of a motivating working environment, and fostering of culture and values.

Nominations are open to employees (or a group of employees) and students of the VMU Agriculture Academy who have an impeccable reputation. The employee or student who has violated the VMU Code of Academic Ethics and/or work discipline shall not be eligible for the Nomination.

Types of the VMU Agriculture Academy Nominations and the Nomination criteria:

Nomination “Scientific Recognition of the Year” is awarded to a member or group of members of the community of the VMU Agriculture Academy for receiving significant national and/or international awards for research and experimental development (R&D) activities. One candidate is submitted by each academic and non-academic division.
Nomination “Project of the Year” is awarded to a member or group of members of the community of the VMU Agriculture Academy for a study/research/science dissemination project that was successfully implemented in the previous calendar year and a significant impact on the region, country, or society on a national and/or international scale. One candidate is submitted by each academic and non-academic division.
Nomination “Starting Researcher of the Year” is awarded to students and other members of the academic community at all levels of the VMU Agriculture Academy, except those holding a doctoral degree, for their active scientific research activities and results of scientific achievements. The Nomination may be awarded to the same member of the academic community once every three calendar years. One candidate is submitted by each academic division.
Nomination “Employee of the Year” is awarded to an employee of the community of the VMU Agriculture Academy who is indirectly involved in activities related to studies and research, for significant initiatives for the development of the VMU Agriculture Academy, outstanding diligence and loyalty to the VMU Agriculture Academy. The Nomination may be awarded to the same member of the community of the VMU Agriculture Academy once every three calendar years. The candidates are submitted by the administration, academic, and non-academic divisions of the VMU Agriculture Academy.
Nomination “National Partnership of the Year” is awarded to a member of the community of the VMU Agriculture Academy for the establishment, development, and expansion of close and significant national cooperation with social and business partners, taking into account the importance of the cooperation, the support provided by the partner, or any other significant achievements at the VMU Agriculture Academy. The Nomination may be awarded to the same member of the community of the VMU Agriculture Academy once every three calendar years. The candidates are submitted by the administration, academic, and non-academic divisions of the VMU Agriculture Academy.
Nomination “International Partnership of the Year” is awarded to a member of the community of the VMU Agriculture Academy for the establishment, development, and expansion of close and significant international cooperation with social and business partners, taking into account the importance of the cooperation, the support provided by the partner, or any other significant achievements at the VMU Agriculture Academy. The Nomination may be awarded to the same member of the community of the VMU Agriculture Academy once every three calendar years. The candidates are submitted by the administration, academic, and non-academic divisions of the VMU Agriculture Academy.
Nomination “Teacher of the Year” is awarded to a member of the academic community of the VMU Agriculture Academy whose main job functions are related to the VMU Agriculture Academy, for the following results: students’ objective satisfaction with the taught subject, advanced pedagogical activity, work with the Erasmus+ students, resources used for the taught subjects, innovative approach in teaching, teacher’s activity and partnership with other study and research institutions, promotion of study programmes at the VMU Agriculture Academy among pupils and the public, and supervision of students’ research papers. The Nomination may be awarded to the same teacher once every three calendar years. The Nomination may be awarded to the same teacher once every three calendar years. One candidate is submitted by each Faculty.
Nomination “Student of the Year” is awarded to a first-, second- or third-cycle student at the VMU Agriculture Academy for significant achievements in learning, research, organizational or social activities. The same student may be nominated once during the entire study period. One candidate is submitted by each Faculty, taking into account the opinion of student representatives.

Divisions submit candidates for nominations to the head of the VMU Agriculture Academy Administrative Group dr. Laima Skauronė (by email at laima.skaurone@vdu.lt or at VMU AA central building room 237) by 15 February.

The number of nomination winners is fixed: Scientific Recognition of the Year, Project of the Year, Starting Researcher of the Year, Employee of the Year, National Partnership of the Year, International Partnership of the Year – one winner in each category. Teacher of the Year, Student of the Year – four winners in each category.

Contact for more information: dr. Laima Skauronė, laima.skaurone@vdu.lt, +370 615 21559, +370 37 752278.

The VMU Agriculture Academy Teaching aid competition is organized according to the regulations approved by the VMU Agriculture Academy Chancellor’s order on January 26, 2024.

The VMU Agriculture Academy Research paper competition and the VDU ŽŪA Nomination Submission and Awarding Process are organized according to the regulations approved by the VMU Agriculture Academy Chancellor’s order on January 30, 2025.

Graduation Ceremony

On 31 January, Vytautas Magnus University Agriculture Academy invites graduates to participate in festive graduation ceremony of the Faculty of Bioeconomy Development.

FESTIVE HALL OF VMU AGRICULTURE ACADEMY | STUDENTŲ G. 11, AKADEMIJA, KAUNO R.
2 p.m. Graduation ceremony of the Faculty of Bioeconomy Development of VMU Agriculture Academy

We would like to inform you that the event may be filmed and/or photographed, and you may appear in event photos or videos that could be published across various media platforms.

Students and Teachers – New Partnerships in Customs

Sustainability and professional development are becoming the most important elements in today’s customs sector. With increasing demands to integrate sustainability principles into the business and public sectors, it is necessary to constantly update knowledge and strengthen cooperation with social partners. This mission will be continued at the conference “Customs Current Affairs and Sustainability” on 12th December 2024, where Assoc. Prof. Dr. Milita Vienažindienė, Head of the Department of Business and Rural Development Management of the Faculty of Bioeconomy Development of VMU ŽŪA and Chair of the Business Logistics Committee of the Master’s Programme, Assoc. Prof. Dr. Erika Besusparienė, Chair of the Customs Process Management Committee of the MBA programme, and Assoc. Prof. Dr. Vilma Tamulienė, Chair of the Logistics and Commerce Committee of the Bachelor’s programme, deepened their knowledge in the most relevant areas of customs.

The event was organised by the Customs Department of the Ministry of Finance of the Republic of Lithuania together with the Customs Practitioners Association, of which VMU is a member. The event became an excellent platform not only for the application of theoretical knowledge, but also for strengthening relations with social partners. In the modern global context, the sustainability and effectiveness of customs institutions’ activities require continuous professional development and cooperation with various institutions.

VMU Faculty of Bioeconomic Development teachers with Customs Practitioners Association Head E. Naujoke

The conference focused on key aspects of the customs reform, including the digitalisation of customs procedures, the entry into force of new regulations and the practical implications of their implementation. The application of the EU Deforestation Regulation, which has become one of the most important sustainability issues, was discussed, as well as the adaptation of companies to new requirements, product passports and certification. Much attention was also paid to the use of artificial intelligence tools to more effectively manage the implementation of sustainability standards and ensure smoother movement of goods through customs. Enrika Naujokė, head of the Customs Practitioners Association, presented the customs knowledge assistant PICOCO, which will help simplify complex customs and international trade procedures. These topics not only highlighted the importance of sustainability, but also the need to constantly update knowledge and adapt to changing regulations to ensure the effective development of the customs sector.

The conference participants, including students, teachers and practitioners, emphasised the importance of education as a key factor contributing to the formation of a sustainable and responsible professional community in the customs field. The teachers of the VMU Faculty of Bioeconomy Development are pleased that the students of the MBA programme Customs Process Management are actively involved in the activities of the Customs Practitioners Association, creating valuable contacts with professionals and strengthening the knowledge base. At the conference, the teachers had the opportunity to meet with alumni and current students of the MBA programme Customs Process Management.

The conference “Customs Current Affairs and Sustainability” has become an important step not only for professional development, but also for ensuring long-term sustainability in the customs field.

Applications are now open for the autumn 2025 semester, and teachers are inviting international candidates interested in customs and logistics to apply via https://vytautasmagnus.dreamapply.com/ . Don’t miss the opportunity to join our programme and explore the field of customs management and international trade:

12th International Scientific Conference “RURAL DEVELOPMENT 2025: Resilience to Global Challenges”

We kindly invite You to the 12th International Scientific Conference “RURAL DEVELOPMENT 2025: Resilience to Global Challenges”, which will take place in Vytautas Magnus University Agriculture Academy (Lithuania), 1-3 October 2025.

This conference is aimed at fostering interdisciplinary scientific discussions by presenting new ideas for agricultural development, rural development, and resilience in the context of global challenges.

The main topics of Conference sessions:

Biosystems Engineering for Sustainability;
Climate Smart Agriculture and Food Technologies; 
Multifunctional Approach for Sustainable use of Bioresources;  
Social Research and Innovations for Strengthening Rural Areas.

Keywords: Agriculture, Bioeconomy, Biosystems, Global Challenges, Resilience, Rural development.

Political, Business and Science panel discussion “Adopting to Global Change and Building a Resilient Bioeconomy” will be held during the Conference.

Important dates and deadlines:

Until June 30th, 2025 – early bird registration 
Until July 7th, 2025 – payment of early bird participation fee  
Until August 31st, 2025 – late bird registration
Until September 5th, 2025 – payment of late bird participation fee  
Until September 19th, 2025 – article submission
January 2026 – publishing of the Conference proceedings

Participation fee	In person (EUR)	Online (EUR)
Early bird authors and co-authors until July 7th	300	170
Late bird authors and co-authors until September 5th	400	220
Students	150	100
Participants	150	Free of charge
For Ukrainian authors and co-authors (if all authors are from Ukraine)	150	100

Participation fee in person covers not only the Conference proceedings, but also coffee breaks, lunches and gala dinner. The costs of accommodation, cultural (social) programme and transport should be covered by the participants of the Conference.

Speakers of the conference pay the participation fee after receiving information about the confirmation of the abstract of the presentation, but no later than deadlines. Confirmation will be sent to the participants during the five workdays after filling in the registration form.

More information about the Conference.

Online Registration on the Conference website.

Information for authors.

Conference website: https://www.ruraldevelopment.lt/

Conference e-mail: rural.development@vdu.lt

Key Insights from Accounting and Finance Experts on Driving Sustainability Forward

There is no doubt that the 14th International Conference “Accounting and Finance for Business 2024: Towards Sustainability”, held on 14-15 November 2024, touched on critical aspects of sustainability in accounting and finance from various perspectives.

The plenary session began with a presentation by Nora Marija Laurinaitytė from Lithuania, titled “Unlocking the Potential of Green Finance.” She emphasized the importance of green investments not only for the future but also today. According to her, any business seeking funding must demonstrate its adherence to sustainability criteria. In the discussion, she also noted that smaller companies often have the advantage of adapting more quickly to these requirements and implementing the necessary changes.

Next, Prof. Dr. Giuseppe Galloppo from Italy spoke at the conference, presenting “Green Initiatives and Stock Market Reaction of Italian SMEs.” His research focused on how investors react to companies’ announcements regarding sustainability. Prof. Galloppo provided a detailed explanation of his research methodology, underscoring the importance of these announcements for investors as they directly impact their investment decisions.

The third plenary presentation, by Prof. Dr. Nadia Albu from Romania, complemented the previous two well, with her topic titled “Professionalization of Accountants in a Post-Communist Setting.” Prof. Dr. Nadia Albu discussed the differences in accounting practices between post-communist countries and Western nations. She highlighted that in Eastern Europe, accountants often limit their role to meeting institutional requirements, such as tax declarations or financial reporting, while in Western countries, there is a greater focus on data collection that supports companies’ own sustainability strategies. She noted that, because of these differences, sustainability reports are often prepared by managers or marketing teams based on narratives rather than accounting metrics or financial indicators. According to professor, this issue can be addressed by transforming accountants’ roles and revising accounting systems to ensure that the necessary sustainability metrics are collected.

Assistant Professor Zhelyo Zhelev from Bulgaria concluded the plenary session with his presentation, “Taxpayer Behavior in the Context of Digital Business Processes.” He analyzed how digitalization in business and tax reporting processes is changing taxpayer behavior. Zhelyo Zhelev emphasized that digital technologies not only transform tax processes but also reshape broader aspects of business management and relationships with government institutions. He shared insights from best practices in various countries, illustrating how these changes contribute to sustainability. Smart tax platforms often implemented at the initiative of tax administrations are pushing taxpayers towards greater transparency, increased sustainability, and, in some cases, moving out of the shadow economy.

On the second conference day (15th November 2024), interesting discussions moved to Panel Presentations and discussion on the topic “Linking sustainability policy to future finance and accounting”. The discussion was moderated by prof. dr. Vilija Aleknevičienė. It was attended by dr. Bart Henssen (Belgium), Head of the Center for Sustainable Entrepreneurship; Giedrė Padaigienė (Lithuania), Head of Swedbank AB’s business clients’ sustainability in Lithuania; Ronaldas Kubilius (Lithuania), Leader of ESG team and member of Tax and Legal Services Team at PwC Lithuania; Silva Katutytė (Lietuva), Managing director at UAB Randers Reb International.

Before the discussion began, its participants made presentations on green financing and the impact of sustainability requirements on the possibility of obtaining bank loans; challenges arising in the process of business sustainability disclosure; the impact of corporate social responsibility on the cost of debt capital in Scandinavian companies. Dr. Bart Henssen presented the experience of Belgian and other European universities in promoting the transition to sustainable business models through the university-business interface, discussed the challenges arising in implementing sustainable business models in practice and carrying out a systematic transformation of higher education institutions towards sustainability. Giedrė Padaigienė expressed her view on the role of the Bank of Lithuania in helping the country’s banks assess the sustainability of their clients and incorporating environmental risk into the assessment of clients’ creditworthiness. She discussed the role of stakeholders and cooperation between banks in assessing the sustainability of clients. Ronaldas Kubilius spoke about the role of accountants and accounting services companies in the team preparing corporate sustainability reports, and presented the services provided by PwC in the field of corporate sustainability assessment and disclosure. Silva Katutytė emphasized that although for the company is not mandatory to submit sustainability reports, some clients already request certain information related to sustainability. Therefore, the company’s management decided not to wait and to prepare the information in advance by forming the team and sharing the responsibilities. The panel discussion provided fruitful insights for scientists, business, and policymakers and implementers.

During both days of the conference, scientific discussions were held in various sessions. The first session, Business Finance, was notable for its high attendance and engaging discussions on pressing accounting and financial issues in a volatile economic and geopolitical environment. Here, the L. Sinevičienė (Lithuania) examined corporate investment in environmental protection, focusing on the factors driving this investment amid economic volatility and shedding light on how sustainability efforts adapt to uncertainty. Then A. Lakštutienė with co-authors (Lithuania) examined the risks posed by COVID-19 and the Russian-Ukrainian war to the performance of pension funds in Lithuania. Their case study highlighted the vulnerability of such funds in turbulent times and emphasised the need for strategic risk management. V. Aleknevičienė and co-authors (Lithuania) analysed the impact of uncertainty on the interconnectivity between green bonds and conventional markets, with a particular focus on the period before and during the war in Ukraine. Their research provided insights into how green finance responds to global instability and highlighted its potential role in addressing such challenges. Researcher from Latvia K. Ketners and A. Jarockis (Latvia) presented insights into performance budgeting in Latvia. Their research highlighted its potential as a tool for informed decision making, aligning fiscal policy with sustainability goals.

Other presentations addressed critical issues such as stock market reactions to green bond announcements in Nordic countries, innovative approaches to financial services, evaluation of public-private partnership projects through a sustainability lens, and models for diagnosing financial distress in trading companies. This lively session highlighted the critical role of business finance in addressing complex global challenges, and emphasised innovation and sustainability in financial practices.

The second session of the conference, Accounting and Finance, featured diverse research contributions, focusing on the integration of innovative approaches and sustainable practices in accounting and auditing. R. Klimaitienė with co-authors (Lithuania) explored the potential of the Time-Driven Activity-Based (TDABC) costing system in accounting service companies. Their research highlighted the system’s ability to improve cost accuracy, streamline processes and increase decision-making efficiency in professional accounting environments. S. Kostova (Bulgaria) gave an insightful presentation on the role of auditing in promoting sustainability in business processes. She highlighted how robust audit frameworks can strengthen transparency, governance and long-term organisational sustainability. E. Besusparienė and M. Bielskienė (Lithuania) examined how the accounting and tax environment influences Lithuania’s international trade. Their findings emphasised the importance of adapting the regulatory framework to enhance trade competitiveness and promote cross-border economic cooperation.

Other presentations in the session covered a wide range of topics, from the evolving challenges of e-commerce accounting and digital transformation in the profession, to trends in public finance and sustainability in agribusinesses. Taken together, these discussions reflected the dynamic landscape of accounting and auditing and underscored the profession’s critical role in addressing today’s challenges and advancing sustainability goals.

The third session of the conference, Corporate Governance, presented a variety of research on sustainability and financial practices. Š. Leitonienė and A. Vaivadienė (Kaunas University of Technology, Lithuania) analysed Lithuanian NGO websites, highlighting strengths in accessibility but gaps in financial transparency. Authors develop the digital accountability index, offering a systematic way to evaluate NGO’s digital accountability level. D. Juočiūnienė, V. Aleknevičienė and D. Zinkevičienė (Vytautas Magnus University, Lithuania) examined CSR reporting in Baltic public companies and found that only half disclose standards, with GRI being the most popular. Larger companies in heavy industries align their reporting with the expectations of investors and society. S. Petrova (D. A. Tsenov Academy of Economics, Bulgaria) examined the role of retail marketing in promoting sustainable consumption, showing that increased purchases of fruit and vegetables are driven by consumer engagement. M. Nurmet, P. Sander and M. Kantšukov (University of Tartu, Estonia) evaluated Estonia’s 2018 tax reform. While the reduced tax rate on profit distributions affected the dividend policy of some companies, the overall impact was modest.

In summary, the conference highlighted pressing topics in sustainability and digitalization, confirming the increasing importance of these areas for both the business and academic communities. We sincerely thank all participants for their valuable contributions to the discussions and look forward to exploring these essential topics further at our next conference in 2026.

VMU Agriculture Academy Autumn Intake 2025/2026 is open!

Would like to gain strong knowledge, solid skills, and invaluable international experience? Thinking about an unforgettable European student adventure and traveling the world?

Top-quality studies in a high-ranking university and living in Kaunas – located in the center of Europe – may be the perfect combination for You.

Your lifetime adventure can start now with Vytautas Magnus University (VMU) Agriculture Academy.

Application is open from December 1, 2024, for Autumn Intake 2025/2026 study programmes:

APPLY HERE -> vytautasmagnus.dreamapply.com

DEADLINES:

May 15, 2025
- For applicants from non EU/EFTA countries, except the countries listed below.
July 1, 2025
- For applicants from EU/EFTA countries
- For applicants and citizens of visa-free countries: Albania, Argentina, Australia, Brazil, Canada, Georgia (Sakartvelo), Israel, Japan, Malaysia, Moldova, Mexico, New Zealand, Singapore, South Korea, United Kingdom, United States, Ukraine, and Venezuela.
  Note: Please check if you need a visa to enter Lithuania here.

Note (!) Diplomas may be added after application deadline.

Note (!) Studies start on August 25, 2025.
Note (!) Due to limited admission places, applications for autumn intake for the academic year 2025-2026 might be closed earlier. Spring (February) intake is not offered.

Information about Application and Admission Procedures

Information about Scholarships

Contact person: VMU Agriculture Academy International Coordinator Ekaterina Makrickiene ekaterina.makrickiene@vdu.lt, +370 37 752 386.

More information about VMU Agriculture Academy study programmes.

CONFERENCE “YOUNG SCIENTIST 2025”

The 22nd annual conference of young scientists “YOUNG SCIENTIST 2025” organized by the Vytautas Magnus University Agriculture Academy (VMU AA) will be held on April 10 2025 remotely. The conference is intended for the first, second and third degree students. The purpose of the conference is to involve students in scientific activities, develop the ability to publicize scientific research results, present their scientific research achievements and discuss topical issues of bioeconomy, green course, climate change, ecosystem sustainability, rational use and protection of natural resources.

There is no conference fee for students. Certificates of conference participants will be awarded to the speakers of the conference.

Speakers will be able to publish articles in the collection of articles of the conference “YOUNG SCIENTIST 2025”.

Conference topics	Subtopics
Bioeconomy	Accounting and finance: challenges and opportunities
	Bioeconomy, sustainability of agriculture and food sector
	Innovations and solutions in business logistics
	Management of agri-business and other bioeconomy business organizations
	Sustainable development of rural areas
Biosystems engineering	Energy engineering
	Land management
	Mechanical engineering
	Technology engineering
	Transport engineering
	Water engineering
Sustainability of agricultural, forest, and water ecosystems	Agronomy
	Food quality and safety
	Sustainability of agricultural ecosystems
	Ecosystem services
	Sustainable forestry
	Wildlife population management

Pre-registration for the conference until February 15, 2025.

Articles for the conference “YOUNG SCIENTIST 2025” are accepted until March 14, 2025 (the link to upload the article). The articles must be prepared according to the recommendations for the authors of the articles (Annex 1 – Article template, Annex 2 – Authors guarantee letter).