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.

VMU Agriculture Academy presents a new dual-degree program “Aquamatics”: a sustainable future – in the hands of highly knowledgeable specialists

How to address the challenges posed by climate change – this thought is relentlessly discussed in the minds of those shaping a sustainable future. To create harmony between resource use and the needs of humanity, highly educated specialists are required. In response to this need, Vytautas Magnus University Agriculture Academy (VMU AA) presents a new dual-degree Master’s program in English, “Aquamatics”, created in collaboration with the Silesian University in Katowice, Poland.

Knowledge delivered by professors from three universities

Raimundas Baublys, a lecturer at the Department of Water Engineering at VMU Agriculture Academy Faculty of Engineering, junior researcher, and one of the creators of the “Aquamatics” program, reveals that this program is unique in that it combines natural and engineering sciences, which provides greater opportunities for graduates to view current environmental protection issues and problems in a much broader and deeper way, addressing both theoretical and practical water management issues by linking environmental protection, engineering, and sustainability.

“This enables graduates of the program to be highly educated specialists. The program is structured so that VMU provides knowledge in engineering and the necessary skills, while Silesian University professors deliver knowledge in biology and natural sciences and develop practical skills through hands-on activities,” says Raimundas Baublys. He adds that the dual-degree program stands out in that students spend one semester studying at another university involved in the program’s creation.

“In our case, students in this program study their second semester at Silesian University, and students from Silesian University enrolled in the program come to Vytautas Magnus University to study engineering modules in the third semester. Finally, students prepare and defend their final theses at the university they enrolled in. It is also worth mentioning that some modules are taught by professors from the University of Trieste in Italy, which further enhances the program’s uniqueness. The program is taught in English, which might seem like an additional challenge to some, but given that students will gain knowledge and skills taught in English by professors from three universities, we view this as another aspect of the program’s distinctiveness and versatility. Graduates will be able to apply their skills in the international market,” says Raimundas Baublys.

Raimundas Baublys, a lecturer at the Department of Water Engineering at VMU Agriculture Academy Faculty of Engineering, junior researcher, and one of the creators of the “Aquamatics” program

Water protection and sustainable development challenges – in the hands of graduates

Students of this program will be able to contribute to scientific projects carried out at the universities during their studies by selecting a topic for their final thesis. “Most of the ongoing projects are international, so participating in these activities will allow students to familiarize themselves with the principles of implementing international projects, expand their connections with foreign scientists, and, most importantly, their final thesis will be directly focused on current and future challenges, which, through scientific research, students will be prepared to solve. Moreover, if students want to delve deeper into their chosen topic, they will have all the opportunities to extend their research in doctoral studies, which opens even greater opportunities for both the student’s personal development and contributing to global scientific progress,” says the researcher, adding that graduates of the “Aquamatics” program will be well-prepared to contribute to solving current water protection and sustainable development challenges.

Graduates will face an international job market

Graduates of the “Aquamatics” program will be able to work in institutions that form and implement environmental policies: government and municipal institutions (Ministry of Environment, Environmental Protection Department under the Ministry of Environment, Environmental Protection Agency under the Ministry of Environment, Ministry of Agriculture of the Republic of Lithuania, municipal administrations), as well as in the environmental and water management sectors as project planners and construction project managers, in the aquaculture sector, or, seeing new opportunities and niches in the market, they may even start their own businesses, applying their knowledge and implementing the latest technologies aimed at solving the newest challenges.

The group of creators of the international study program Aquamatics

“Of course, the education provided by this program will not only allow graduates to present themselves as specialists on the national market but also position them as highly knowledgeable specialists able to enter the international job market, presenting themselves as capable of solving challenges not only on a national but also an international level. With the changing climate and the increasing number of climate-related challenges, the demand for specialists in this field is rapidly growing, so graduates of this program will be well-prepared to contribute to solving these challenges,” says the researcher.

Looking for environmentally friendly solutions for a sustainable future

As creating a sustainable future becomes an increasingly common need and necessity, graduates of the “Aquamatics” program will not only be knowledgeable about the conservation of biodiversity and the responsible use of natural resources, but they will also contribute to the creation of a sustainable future. By studying modules such as Hydrology and Hydrogeology, Water Resource Management and Modeling, graduates of this program will be able to assess both surface and groundwater resources and their sustainable use in industry, production, and agriculture, where optimizing the use of water resources is becoming an increasingly urgent issue at both national and global levels.

“Focusing on these global changes, the “Aquamatics” program includes a module on Climate Change Crisis Management. Studying these and other issues, the anticipated modules such as Restoring Damaged Water Systems, Fish Resources, and Aquaculture, as well as delving into Hydraulic Structures and Hydropower, will be particularly beneficial. By applying remote sensing for environmental monitoring and agriculture, along with reliable data analysis, students will be equipped to make sustainable, eco-friendly decisions.This fosters the promotion of responsible consumption and production,” lists the researcher, highlighting the benefits provided by the “Aquamatics” program.

The Kick-off Meeting of the Erasmus+ project “Bumblebees for Natural Pollination” [BUMBLE-NAP]

The Kick-off Meeting of the Erasmus+ project “Bumblebees for Natural Pollination” [BUMBLE-NAP] (2024-1-TR01-KA220-VET-000254015) took place on January 29–30 in Serik, Türkiye.

The project is coordinated by Antalya Serik Kaymakamlığı (Türkiye) in collaboration with Aydın Adnan Menderes University (Türkiye), Confederazione Italiana Agricoltori Regionale Umbria (Italy), Stara Zagora Institute of Agriculture (Bulgaria), and Vytautas Magnus University (Agriculture Academy Department of Environment and Ecology). The project duration is two years, with an expected completion date of November 30, 2026.

The project aims to raise awareness of the harmful effects of pesticides on human health and the environment, train participants in bumblebee breeding and application technologies, promote sustainable agricultural practices and new business opportunities, and increase consumer awareness of bumblebee-assisted food production. By reducing chemical use in agriculture, the project seeks to encourage the production of healthier and more environmentally friendly crops while contributing to biodiversity conservation.

During the Kick-off Meeting, partners discussed key activities, including the development of an interactive online training and education platform, the creation of educational materials in five languages, hands-on training in greenhouses, and the dissemination of project results at various events.

The Serik district in Antalya province is a significant agricultural hub, particularly for greenhouse farming. With its favorable Mediterranean climate and fertile soils, the region produces a variety of vegetables and fruits, including tomatoes, cucumbers, peppers, avocados, bananas, turnips, and carambolas. During the meeting, participants had the opportunity to gain first-hand experience by visiting a bumblebee propagation facility and commercial greenhouses.

The project findings are expected to support the development of international training resources for farmers, technical personnel, and other stakeholders. This initiative aims to promote bumblebee pollination in greenhouses, reduce pesticide and hormone use, and enhance consumer awareness of natural production methods. Furthermore, the project aligns with the EU Green Deal objectives by promoting the sustainable use of natural resources, healthy food production, and biodiversity conservation.

The next international project meeting will take place in Perugia, Italy, in June 2025.

Invitation to the 31st International Scientific-Practice Conference “HUMAN AND NATURE SAFETY 2025”

CONFERENCE ANNOUNCEMENT

It gives us immense pleasure to invite You to the 31^st International Scientific-Practice Conference “HUMAN AND NATURE SAFETY 2025”, which will take place in Vytautas Magnus University, Kaunas, Lithuania, 7–9 May, 2025. The annual conference “HUMAN AND NATURE SAFETY” is organized on occasion of the International Days of Health, Environmental Protection and Occupational Safety & Health.

The aim of the Conference is to discuss interrelated human safety & health and environment protection problems, present the results of the newest research and to create opportunities for scientists and young researchers to share the research results not only among researchers and students, but also between farmers, agricultural experts, representatives from forestry and other sectors. Also, to promote a safe, healthy, and environmentally friendly lifestyle.

Sections of the Conference:

Biosystem Engineering
Environment and Health
Ecology, Nature-based Solutions, Sustainable Forestry

Conference Seminars:

Medicinal (Aromatic) Plants (MAP’s) Research Traditions, Contemporary Trends, Innovations and their Rational Use (7^th May 2025, VMU Botanical Garden, 12:00-16:00).
Biodiversity and Nature-based Solutions (9^th May 2025).

Important dates:

until 10^th February 2025 – registration;
until 7^th March 2025 – publication submission;
until 21^st March 2025 – participation fee;
until 31^stMarch 2025 – editorial board decision on the suitability of the article for printing.

Scientific articles will be published in the selected papers of 31^st International Scientific-Practice Conference “ŽMOGAUS IR GAMTOS SAUGA 2025 / HUMAN AND NATURE SAFETY 2025”. Edition of the selected papers is indexed by Central & Eastern European Academic Source (EBSCO).

Contacts:

Chairperson of Organizing Committee – acad. prof. dr. Egidijus Šarauskis

Tel. +370 686 47539;

E-mail: egidijus.sarauskis@vdu.lt

Conference administrator – Nijolė POŠKIENĖ

Tel. +370 37 752357;

E-mail: nijole.poskiene@vdu.lt

Conference e-mail: zmogaus.sauga@vdu.lt

Conference website: https://zgs.vdu.lt/en

Conference events will be organized in-person.

We would appreciate if You share this information with everyone that might be interested in participation.

Looking forward meeting You in the 31^st International Scientific-Practice Conference “HUMAN AND NATURE SAFETY 2025” at Vytautas Magnus University.

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.

Christmas and New Year Wishes and Greetings

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.