Why is the phrase “social business” feared in post-Soviet states? Shouldn’t we shake this “legacy” off and start thinking as Europeans that we are?

Less known Davos themes, however relevant to prosperity, sustainability and resilience of Europe, include social economy, social innovation and social business. The latter are talked about in and around Europe as “social enterprises” but the phrase which amassed notoriety in Lithuania due to abuses of the system by “socialinės įmonės”. We refer to social innovations as something relevant to the public sector and only financed with the European Union funds when social innovations are frequent even in corporate culture (Daniel Nowack, Head of Social Innovation, Schwab Foundation & World Economic Forum, January 20th on LinkedIn). Dr. Ieva Žebrytė of VU FEBA is an expert in social economy organisations ranging from associations and public institutions to foundations and social business entities. These are recognised for prioritising social or environmental benefit over profit, reinvesting earned funds into their mission, operating democratically, and addressing social or environmental challenges through commercial/economic activity.

 

Elections for two vacant positions on the Council of the Faculty of Economics and Business Administration at Vilnius University are now open. In accordance with the decision of the VU FEBA Council dated 11 February 2025 (1.2 E) 210000-TP-2, on quotas for internal bodies, each department, the Economic Expertise Center, and the administration must have one representative on the FEBA Council, and the remaining positions are filled according to the number of points collected.

  • Nomination of candidates – until 24 February (inclusive)
  • Election day – 3 March 2026
  • Early voting – 2 March 2026, VU FEBA Room 402

Written nominations or requests to nominate a candidate (together with the candidate’s consent) should be submitted to the FEBA Election Committee by email:

 

We invite you to the graduation ceremony on the 30th of January 2026 at the Church of St. Johns!

  • 1 p.m. diplomas will be awarded to the graduates of Global Marketing Bachelor study programme.
  • 3 p.m. diplomas will be awarded to the PhD graduates in the field of Economics science and graduates of Business Development, Business Process Management, Economic Analytics, Finance and Banking, Human Resource Management, Marketing and Integrated Communication, Strategic Economics, Strategic Management of Information Systems Master study programmes.