In this issue:
Alumni
Taavi Lepmets’97 invests into the venture of Mārtiņs Popelis’02 and Helmuts Bēms’02
Inga Berkoviča’10 and Ivars Lubāns’12 among the Top-20 Latvian Marketing Managers
Saulius Damulevičius’04 climbs up to ~7950 m of the Broad Peak (8047 m)
One of us: Konstantin Antropov’05. Burning Man documentary
Association
- 30 alumni scholarships will be granted this year
- Alumni Golf Tournament in Parnu on Aug 21
- Save Nov 6 for the Presidents' dinner / Alumni Cocktails
School
- Vadym Ilchuk’21’s BSc thesis awarded the 1st prize by the Bank of Latvia
- Linda Makk (Y2) — Estonia's new country manager
- 130 applicants were invited to study at the school
Feature by Vadym Ilchuk'21
- Financing Constraints and Productivity Growth in Central and Eastern Europe: Firm-level Evidence
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Summertime, when living is so easy (and a bit slow), is a great time to reflect on your professional goals and how they correlate with your personal ones. Open to career opportunities in product development in Spain? Dreaming about working in investor relations for an international company in the Munich area? Looking for any opportunity in finance in Boston? Want to switch to art project management in the Baltics? Let the fellow alumni know by posting your aspirations in the private Alumni Linkedin Group and hopefully the Universe will finally hear you as well.
Cheers, Marta Metuzāle’20, Sorina Solonaru'20, Katya Firyan'03, Akmis Lomsargis’00
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Meanwhile, SSE Riga honored alumni in 1st Latvian unicorn announced last month.
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Uldis Tēraudkalns’10 and Jānis Zeps’10 interview:
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Open for work: some of us are looking for new challenges:
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Iulia Sorocan'19
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in Cracow as: Salesperson Marketing Specialist, Sales And Marketing Specialist, Account Manager.
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Kaspar Külm'19
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in Canada West as: Head Of Partnerships, Brand/Marketing Strategist, Strategic Marketing Manager, Sales and Marketing Specialist.
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Benas Civilka'19
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from Vilnius to Boston: Business Intelligence Consultant, Data Analyst, Financial Analyst, Sales And Marketing Specialist, Key Account Manager.
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You?
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Post your aspirations in the private Alumni Linkedin group and/or email us a link to your profile.
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One of us: Konstantin Antropov’05 |
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Kostya started his career in SEB in Riga even before his graduation and worked in asset management there until 2010, when he went on a fascinating journey in finance. Going from CFO position and financial advisory to working in crypto finance in LA and digital capital markets for London- and Moscow-based companies, he also was a president of the Alumni Association board in 2013-2015. |
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I read about Burning Man for the first time on a closed society website three years before I actually visited it. At that time there were almost no professional photos from the Black Rock City, as it’s a desert, man, so your every hole is full of sand — and pictures made on a simple camera are all blurry and nonrepresentational. There also haven’t been much of the burners’ radical inclusion-diversity-equity philosophy in these stories, and I didn’t understand a thing. But I was amazed by the impact the event had on the authors of those reports. Imagine, you have a range of things that can happen in your everyday life, let’s say from ten to ten. And during the festival week, it widens like tenfold.
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If we missed your news or there is something coming up next month, kindly post to the private Alumni FB group or reply to this email.
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Alumni Scholarships
- 10 (i.e. 100% of) the future Y1 from EE will receive the full tuition (EUR 4150) scholarships by the Estonian alumni.
- 10 half tuition (EUR 2075) admissions scholarships will be awarded by Alumni Association on behalf of Corporate Sponsors and Contributing Alumni Members. This year we invest into leadership capacity and internationalization of the student body (6/10 scholarships granted to non-Latvian applicants).
- 10 full tuition fee Alumni Scholarships will also be awarded to the current students (8 future Y2 will be rewarded for their merits as well as 2 need-based for the future Y2/Y3).
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Huge thanks to all the Contributing Alumni Members and those of you acting as the Corporate Sponsors. The list of names is so numerous that would not fit here. Moreover, we would also like to thank those donating their time, i.e.:
- Mentors of Scholarship Applicants: Aelita Cerkovska'07, Agnese Lapsa-Lešinske'10, Agris Evertovskis'06, Aija Bruvere'03, Andrejs Birjukovs'13, Arturs Loze'17, Deniss Aksjonovs'09, Eduards Blumentals'19, Edvards Grasis'12, Emils Seilis'18, Gatis Eglitis'00, Gerda Dubkevica'20, Goda Marija Vaitkeviciute'15, Ieva Skrivere'14, Indrek Heinloo'02, Inga Filipova'02, Iryna Khomyak'18, Jelena Gvardina'13, Jevgenijs Locovs'11, Karlina Bertulsone'18, Kate Kolbina'12, Linas Samuolis'14, Marina Aleksejeva'14, Martins Kalacs'11, Mindaugas Stasionis'02, Olena Kuzan'16, Oskars Stucis'04, Rasa Gulbe'18, Reinis Ozols'18, Uku Tamamru'18, Viktorija Garanča'16, Vilma Green'04, Vitauts Kersulis'10, Zemgus Zagata'11.
- Mentors of Other Students: Aleksandrs Graholskis'09, Andrejs Recickis'02, Annija Kruzite'13, Armans Hanamirjans'17, Dagnija Balode'19, Dmitrijs Kačalovs'10, Edgars Kokins'16, Edvins Elferts'12, Elīza Oša-Večena'18, Eriks Ciguzis'00, Ilze Berga'03, Inese Mazarevica'12, Jaak Ennuste'16, Janis Spogis'97, Jēkabs Jurdžs'14, Justas Lešinskas'09, Karl Merisalu'11, Konstantins Antropovs'05, Kristaps Tomsons'14, Ksenia Solovyeva'20, Lauris Raipulis'20, Liene Ļaksa'02, Markus Sandelin'06, Mārtiņš Ražuks-Ebels'15, Mārtiņš Veiss'09, Mindaugas Cekauskas'11, Reinis Vaivars'05, Renārs Rūsis'98, Sigvards Dzelzkalejs'18, Ugnius Ramanauskas'05.
- Interviewers of Scholarship Applicants: Aelita Cerkovska'07, Akmis Lomsargis'00, Aleksandrs Graholskis'09, Annija Elfa Purmale'19, Arseniy Sergeyev'21, Arta Beitane'15, Artsiom Kazubouski'18, Artyom Semianchuk'19, Baiba Lokenbaha'13, Estere Jansone'13, Evija Tambaka'15, Gerda Dubkeviča'20, Inese Jureviča'00, Inga Filipova'02, Janno Kuusk'16, Kate Kolbina'12, Kristaps Vasiļjevs'13, Lauma Prikšāne'97, Lauris Grāvelis'07, Marija Dvornikova'21, Marina Aleksejeva'14, Olena Kuzan'16, Uldis Dzintars'16, Valeryia Kashtselian'20, Viktors Bolbats'07.
- Last but not least, thanks to Baiba Lokenbaha'13 and Anna Luize Rezevska (Y2) for managing the whole process.
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Feature by Vadym Ilchuk'21 |
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Vadym. Ukrainian. Dnipro one love. I am fond of football ⚽️ - both playing and enjoying the games. And regardless of the type of sport - you will see my eyes glowing 🤩. Despite sports, I prefer content about technologies 📱💻🖥⌚️🚗🏎🚙 (smartphones, TVs, PCs, cars, etc.). Often follow the "classic's" quote - "Критикуешь - предлагай". I've recently won the 1st prize in the student research competition by the Bank of Latvia and gladly share my BSc thesis conclusions with you. |
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Financing Constraints and Productivity Growth in Central and Eastern Europe: Firm-level Evidence |
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The CEE region, until the present time, remains poorly researched in terms of the finance-productivity link at the firm level. The goal of my paper was to investigate the effect of different firm and industry level financial frictions on firms’ future productivity growth rates.
To investigate the magnitude of the impact, I used recently developed methodology, implying 38 several dynamic panel regressions for several countries in the CEE region. By doing this, I was able to answer the research question: the effect of financial frictions on productivity growth rates for the firms in the Central and Eastern European region is negative. This statement does not imply that the financial frictions are the main driver of countries’ Total Factor Productivity deceleration, but it rather argues for the hindering effect for the firms that are unable to access external credit financing.
I hope this study would assist policymakers in those countries to revise and implement more efficient conditions for the firms’ crediting, as well as for companies in different industries to see the potential burden for their productivity growth.
In addition to answering the research question, I also shed light on the non-linear relationship between financial constraints and productivity growth at the country level. The results suggest that at least at the country level for two proxies of financial constraints there is a small effect standing for the non-linear impact of the chosen firm-level financial constraints on productivity growth rates. Nonetheless, those preliminary results should be investigated further.
This paper is one of the first to study the impact of financial friction on productivity growth in the CEE region during the post-crisis period. Therefore, this could be a good starting point for further studies in this region on the related topics.
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Vadym Ilchuk'21 with his coursemates: Hleb Birylau, Vladislav Cernouţan, Anton Sentukhouski.
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Postscript by the Editors |
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Thanks for reading until the end. Let's finish with some art from SSE Riga collection.
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Virtuāls (Virtual), 1995 by Kristaps Ģelzis — the painter, author of installations, objects, video
installations and performances.
What is it? The plush niche so many of you took for a fancy place to sit in and chat is actually the spatial installation located on the left from the door of the School's computer lab — the place with the largest amount of computer equipment. This dark portal is closely connected to the installation's second part — the Software — that we will talk about in our next issue.
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What does it mean? The installation is the artist’s special bequest to the School and a hint about the virtual world. How much time do we spend being detached from reality? What does the virtual world actually represent?
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Source: Elizabete Fleišmane'??, 2017, "What even is this?" — The SSE Riga contemporary art collection, Insider #150.
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Alumni Insider insider@alumni.lv
This newsletter aims to provide you with quality time by consolidating all you need to know about fellow alumni and our future generations in a single email, published monthly every fourth Thursday. You can contribute by publishing new in any alumni groups and/or replying to this email by the fourth Monday.
Bypass spam: you could stop this newsletter ending up in your spam folder by white listing our email address. How to do it, depends on your email provider - ask google or your tech support staff.
Editorial Board (in formation from Insider Chiefs): Sergey Nizheborsky'96, Dmitriy Medvedjko'00, Irina Harlampjeva'01, Jonas Jokstys'03, Lina Banyte-Surpliene'05, Tomas Sudnius'06, Edgars Cerps'07, Marius Zemaitis'08, Vaidotas Lasas'09, Karolis Liaudinskas'10, Ginvile Ramanauskaite'11, Jekaterina Kolbina'12, Tatiana Arventi'13, Viktoria Pilinko'14, Valeria Gavrilan'16, Maksis Gauja'18, Elizabete Fleišmane'??, Marta Metuzāle'20, Daniela Gerda Baranova'21, Una Narnicka (Y2), Kristers Šavalgins (Y1).
Old issues Jan, 2021 (#1); Feb, 2021 (#2); Mar, 2021 (#3); April, 2021 (#4); May, 2021 (#5); June, 2021 (#6);
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Erratum If you've noticed any mistakes or omissions in this issue, kindly hit reply.
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