EMG 2009 Map

About Econosofia

Econosofia is a students' club organizing macroeconomics and public policy academic

events with guests from institutions such as the World Bank, IMF and the National Bank of

Romania and from the private sector. Our sources of motivation are the constant desire to

positively influence the Romanian academic and business environment and our ambition to

build ourselves into accomplished individuals. In addition to organizing academic events the

club's members work on research projects and participate in debates. We are a part of

Volunteers for Ideas and Projects, an NGO founded in 1998, with a goal to create and sustain

a community of students with high potential.

2008 Economics through a Macrofying Glass

Eight days of seminars with Professor Lajos Bokros and guests from IMF, NBR, Bancpost and Ensight.

2008 Ensight Internship

A complex project meant to find the candidates with the ideal Ensight profile.

Econosofia selected and interviewed the applicants and guided them to the next stage of the process.

2008 BDO Career Day, organized by Econosofia

A conference for ASE students interested in accounting and auditing that applied for one of the 40 internships offered by BDO in the summer of 2008.

2008 Econosofia Debate Sessions

Two weeks of trainings and a competition of American Parliament debates, with special guests.

2007 Changing Currency, Redefining Economics

Ten days of seminars with Professor Lajos Bokros and experts from IMF, NBR, ING and Raiffeisen.

2007 Young Economists’ Conference organized by NBR and CEROPE

A paper from Econosofia on optimum currency areas was selected to be presented and published.

2007 Econosofia Debate Sessions

Six months of debates with round tables and open forums. 2007 Econosofia Review

Electronic review in which members published articles on economics and complementary subjects. 2006 Economics through a Macrofying Glass

Seminars held by Lajos Bokros and other guests from the field of macroeconomics.

2006 Risk Management

Conference with experts from various fields of finance with a common interest in risk management.

2005 The European Challenge

Seminars and workshops contributing to the better knowledge of EU institutions by students.

2004 Dealing with a Functional Market Economy. Romania’s Case

Five days of seminars facilitating the contact between international professors and romanian students.

2004 Romania in the EU: Premises and Perspectives

Conference aiming to facilitate the dialogue between present decision makers and their successors.

2004 Monetary Policy Seminars

Debates between monetary policy professionals, mostly from NBR, and students.

2002 Structural Reform in Romania

“It gathered more important personalities than any PR agency from Romania.” (Capital Magazine)

Executive Summary

Our project is part of a series of annual academic events on macroeconomics, financial

markets and public policy having as key guest Mr. Lajos Bokros, PhD at the Central

European University, former director at the World Bank. During the five days of seminars

students will have the opportunity to interact with prominent economists from the banking

sector and from institutions such as the World Bank, IMF and the National Bank of

Romania. Also, prizes will be awarded to the most active participants.

Goals ✓to complement the education received in college,

✓to encourage and reward performance,

✓to strengthen links between students and their potential employers,

✓to create a network of high potential students,

✓to ensure the continuous development of generations of students in the

macroeconomic field,

✓becoming a blueprint for those passionate about macroeconomics in the academic

environment.

Target Group The applicant's profile:

✓bachelor/master student with a strong focus on macroeconomics and public policy,

✓good knowledge of the English language,

✓communicative and responsible.

The selection process consists of an application form and interview. 

Schedule & Guests

[1] Mugur Tolici - National Bank of Romania, Main Advisor

* Measures Taken by the Central Bank and by the Main Financial Institutions to Overcome the Crisis

[2] Gabriel Sincu - Mazars, Senior Manager, Head of Tax & Compliance Services

* The Flat Tax Rate - a Macroeconomic Policy Instrument

[3] Florin Citu - ING, Head of Sales

* Are the NBR policy and the fiscal policy right for the current economic conditions? Is the euro adoption a solution?

[4] Adrian Bradea - Raiffeisen-Banca pentru locuinte, Distribution Director

* Real Estate Banks- a Solution Immune to the Crisis

[5] Bogdan Baltazar - Financial consultant

* Some Causes of the Current Financial Crisis

[6] Anca Paliu Dragu - IMF Regional Office for Romania and Bulgaria, Regional Economist

* IMF Lending in Times of Crisis

[7] Camelia Savoiu - Lafarge, Communication Manager

* Short History and Values of Lafarge. Sustainable Development

[8] Philippe Platon - Lafarge Ciment, CFO

* Management in Times of Crisis - Lafarge

[9] Valentin Lazea - National Bank of Romania, Chief Economist

* The Romanian Economy in the Context of the International Crisis

[10] Tony Lybek - IMF, Senior Regional Representative for Romania and Bulgaria

* The Importance of Central Bank Autonomy, Authority and Accountability  

4-May 5-May 6-May 7-May 8-May

08:50 - 10:30 Lajos Bokros Lajos Bokros Lajos Bokros Lajos Bokros Lajos Bokros Break

11:00 - 12:30 Lajos Bokros Lajos Bokros Lajos Bokros Lajos Bokros Lajos Bokros

Break 14:00 - 14:30 Mugur Tolici [1] Adrian Bradea [4] 14:30 - 15:00 Mugur Tolici Adrian Bradea 15:00 - 15:30 Mugur Tolici Gabriel Sincu [2] Bogdan Baltazar [5] Camelia Savoiu [7] Tony Lybek [10]15:30 - 16:00 Mugur Tolici Gabriel Sincu Bogdan Baltazar Camelia Savoiu Tony Lybek 16:00 - 16:30 Gabriel Sincu Bogdan Baltazar Philippe Platon [8] Tony Lybek16:30 - 17:00 Florin Citu [3] Anca Paliu Dragu [6] Philippe Platon Tony Lybek 17:00 - 17:30 Florin Citu Anca Paliu Dragu 17:30 - 18:00 Florin Citu Anca Paliu Dragu 18:00 - 18:30 Valentin Lazea [9] 18:30 - 19:00 Valentin Lazea 19:00 - 19:30 Valentin Lazea 19:30 - 20:00

Legend ASE - Room Robert SchumanASE - Room 2013 ASE – Board Room Lafarge headquarters

Lajos Bokros teaches macroeconomics and public policy at CEU and he has been our key guest since 2002. Prof Bokros has a vast experience in the fields of macroeconomics and public finance, which he gained as Director at The World Bank, Economic adviser to the DPM of Poland, Minister of finance in Hungary, Chairman and CEO at Budapest Bank, Chairman and CEO at Budapest Stock Exchange. His fields of interest include Macroeconomic Issues and Policies, Inter Governmental Fiscal Relations and Economic Policy Alternatives.

Mugur Tolici is currently the main advisor to the governor of the National Bank of Romania. He published papers on the balance of payments financing in Romania and the role of foreign remittances. At Economics through a Macrofying Glass he held a seminar on nominal convergence versus real convergence.

Gabriel Sincu is a graduate of the Finance and Banking Faculty of the Academy of Economic Studies, Bucharest, and a certified accountant in Romania. He has expertise in corporate taxation law with emphasis on profit tax, VAT, withholding tax, international regulations on transfer pricing. Gabriel Sincu is also involved in several assignments regarding tax planning for foreign investors that operate in Romania, as well as taxation of foreign citizens working in Romania under secondment agreements.

Florin Citu works as Head of Sales / Deputy Head of Financial Markets for ING Romania. He received his PhD from Iowa State University and started his professional experience within The Reserve Bank of New Zealand. He was Chief Economist at ING Bank Romania, and a member of The Economists European Association. On the 10th of May 2008 he held a seminar for Econosofia on: "NBR's monetary policy framework, from the current stance to Euro adoption".

Bogdan Baltazar, former president of BRD 1998-2004, has received a PhD in Economics from the City University of New York and is, at present, an independent financial consultant. Among the several important positions he occupied we mention: President of BRD and manager for the Departments of North and South America in the Ministry of Foreign Affairs.

Anca Paliu Dragu graduated in Finance and Banking from the Academy of Economic Studies, Bucharest, in Economics and International Business from the George Washington University, Washington DC, USA, and in Public Policy and European Integration from the National School of Political Studies, Bucharest. Mrs. Paliu Dragu has been an economist at the IMF office since 2001. Prior to that she was an economist of the National Bank of Romania, Refinancing and Open Market Operation Department, and Regulation Department, which she joined in 1996.

Valentin Lazea, chief economist at the National Bank of Romania since 1999, studied at Sussex University in Brighton and at the IMF Institute In Washington DC. He was also state secretary in the Ministry of Finance. For Econosofia, he held a seminar about the advantages and disadvantages of adopting the Euro.

Tony Lybek is a senior economist in the Monetary and Financial Systems Department (MFD) of the IMF. He joined the Danish central bank, where he worked in the Foreign Department (managing international reserves) and the Monetary Policy Department. In 1992 he joined the Fund, where he has worked in the Fiscal Affairs Department, European II Department and MFD. He specializes in central bank legislation and payment systems, but covers a broad range of financial sector issues. 

Testimonials

Dear Students,

It was once again a great pleasure and privilege to be here with you [...]. I congratulate the

organizers for putting together an excellent program for the week and the participants for

their patience, passion and devotion to the subjects which are so important for Romania to

have a prosperous future.

Multumesc frumos si toate cele bune!

Lajos Bokros

Ma intalnesc din nou cu stralucitii (realmente) econosofi. A fost o incantare sa aud opinii si

întrebari destepte, informate, pertinente. Sa va ajute Dumnezeu sa ramaneti si sa cresteti

asa!

Cu multa caldura,

Bogdan Baltazar

Calitatea intelectuala a intalnirii cu dumneavoastra m-a impresionat. Sunt sigur ca veti

schimba lumea.

Cu prietenie si admiratie,

Emil Hurezeanu

Thanks very much for the opportunity to speak to an open and dynamic group

representative of the best of Romania’s young people. I hope that I can organize my life

better next year so as to be available for a longer discussion.

Good luck,

Jonathan Scheele

Project organizers Stefania Apostol

Project Manager

Bogdan Barseti Sales, Logistics

Flavia Caia Sales, IT

Andra Culita Sales, HR

Victor Dumitrache HR, PR

Raluca Enache Marketing, PR

Oana Furtuna Sales, Recruitment

Alecsandra Ghita PR, Logistics

Erminia Jilavu PR, Recruitment

Raluca Manolache Sales, Logistics

Diana Moldovan Sales, Recruitment

Special thanks to Loredana Coscotin

Project assistant

Robert Batca Project advisor, IT

Madalina Calen PR

Gabriela Radu PR, Recruitment

Irina Stanga Recruitment

Bianca Ilarie Recruitment

Laura Roman Recruitment

Traian Delca Recruitment

Irina Harau PR, Recruitment

Anca Nastase Logistics

    Special thanks to

Raiffeisen– Banca pentru locuinte Adrian Bradea, Oana Mihalcea

Mazars Gabriel Sincu, Simona Stefanescu

Lafarge Philippe Platon, Camelia Savoiu

Expert Serv  

EMG.ECONOSOFIA.ORG

[email protected]

+40741 236 067 (STEFANIA APOSTOL, PROJECT MANAGER) CLU BU L EC ON O SO F IA AL ASO C IAT I E I VO LU N T A R I PE N T RU ID E I S I PR O I E CTE ,

ST R. M I H A I L MO XA, NR 5-7, AC AD E M I A DE STU D I I ECO N O M ICE , CO R P B, CA ME R A 3007, SE C TO R 1,

BU CU RE S T I , 010961, CO D IB A N : RO 35 RNCB 0082 04441 6126 0001, CO D F I SC A L : 11875028

www.V IPROMANIA.ro