19 January 2021

Arqus Launches the Arqus Research & Innovation H2020 Project Awarded with €2 Million

By launching the Arqus Research & Innovation H2020 project, awarded with €2 million, Arqus aims to enhance the research and innovation dimension of the Alliance’s activities and to address current...

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18 January 2021

VU Faculty of Law Professors Appointed to be Judges of the Constitutional Court and Supreme Court of Lithuania

On Thursday, the Parliament of the Republic of Lithuania appointed Giedrė Lastauskienė, Associate Professor of the Department of Public Law at Vilnius University (VU) Faculty of Law, to become a...

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18 January 2021

Unique Research Centre to be Built in Santara Valley

Vilnius University (VU) and its partner UAB Eikos statyba have signed a contract for the construction of the building of the Research Centre of VU Faculty of Medicine, which marks...

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14 January 2021

First Lithuanian Scientist to Receive EMBO Installation Grant

For the first time, the name of a Lithuanian scientist has appeared among the projects of young scientists recognized by the experts of the European Molecular Biology Organization (EMBO). The...

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12 January 2021

Laureate of Rector’s Science Award: “Scientists Are Like Curious Children All Their Lives”

Arūnas Valiulis, MD PhD, professor at the Institute of Clinical Medicine and at the Institute of Public Health of the Faculty of Medicine of Vilnius University (VU), was the Laureate...

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11 January 2021

VU Start-Up Biomatter Designs Attracts Half a Million Euros of Investment

The protein engineering company Biomatter Designs, founded by the alumni of Vilnius University (VU), has raised €500,000 in seed funding led by Practica Capital, accompanied by 70V and angel investors...

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Lithuania’s finance elite to be nurtured by Vilnius University

EK 180509 02974The Center for Excellence in Finance and Economic Research (CEFER) jointly with Vilnius University has developed a brand-new Bachelor program Quantitative Economics. This program will develop graduates capable of successfully navigating within the modern finance industry as well as public institutions and private companies requiring competence in economics and data science; the language of instruction is English and the program only last for three years instead of the standard four years. This is the first and so far the only program of this kind in Lithuania.

‘We believe that this program will become a stimulus for the development of the economics sciences in Lithuania and will satisfy the increasingly large financial and data analysts demand within the labor market. In developing it, we closely followed leading institutions, including my Alma Mater,  the University of Cambridge, and have drawn from experiences of CEFER researchers: in three years, students will develop analytic, mathematical, statistical and modelling skills that will be easily adaptable both for a career in business or further studies‘, tells Povilas Lastauskas, one of the authors and initiators of the program, Director of the Center for Excellence in Finance and Economic Research of the Bank of Lithuania. He worked previously as Director of Studies at the University of Cambridge.

The program Quantitative Economics is unique in that most lecturers will be active researchers who have received their doctoral degrees at leading universities abroad and conduct high-quality scientific research.

‘In terms of quality and content, this program will compete with the programs of the best universities, hence we aim at the best and most motivated high  school graduates who have excellent skills in mathematics and are fluent in English. The set minimum entry score for joining this study program will be no less than 6,’ tells Linas Tarasonis, Vice Dean of the Faculty of Economics and Business Administration at Vilnius University.

Those willing to study under this new program will need to have an excellent command of mathematics and English, while the selected candidates will be invited for a motivation interview. More information on the Bachelor’s program Quantitative Economics and the admission conditions is available at

About the Center for Excellence in Finance and Economic Research of the Bank of Lithuania

The Bank of Lithuania’s Center for Excellence in Finance and Economic Research was established in 2014 in cooperation with Vilnius University. One of the major tasks of this Center is to improve the quality of the economics and finance sciences in Lithuania. The research work at the Center is carried out by researchers who have defended their doctorate degrees at Goethe University Frankfurt, University of Amsterdam, University of Virginia, and other Western universities. Their scientific works are published in prestigious economics and finance journals such as Journal of Finance, Journal of Money, Credit and Banking, The Economic Journal, Review of Asset Pricing Studies, etc. 

Join top level researchers at Quantitative Economics study program: apply now!

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