Brosura o IEN 08 - eng version - final · 2019. 2. 21. · results gave remarkable contribution in making Yugoslav model of socialism different from socialism in other socialist countries

Contents FOUNDATION ..................................................................................1 SLOGAN...........................................................................................3 VISION..............................................................................................4 MISSION...........................................................................................4 GOALS..............................................................................................4 ACTIVITIES ......................................................................................5 ORGANIZATION AND MANAGEMENT...........................................7 RESEARCH......................................................................................9 EDUCATION...................................................................................15 BELGRADE BANKING ACADEMY ................................................16 PUBLISHING ..................................................................................19 LIBRARY.........................................................................................23 PERMANENT STAFF MEMBERS..................................................24 INTERNATIONAL COOPERATION ...............................................26 CHRONOLOGY OF IMPORTANT EVENTS ..................................35 CONTACT US.................................................................................38

INSTITUTE OF ECONOMIC SCIENCES

FOUNDATION The Institute of Economic Sciences (IES) is a non-profit public (state owned) institution, founded in 1958 as Department for Economic Research & Methodology Planning of Federal Bureau for Economic Planning. The Institute operated under this name until 1963 when, according to former Federal Government, it

became Yugoslav Institute for Economic Research. In 1969, the Institute got its current name. In 1977, the Republic of Serbia, based on legal authority, made the Right founding of the Institute so today the Institute is registered as an independent institute within the Ministry for Science and technology of Republic of Serbia. The Institute has the status of scientific institution of special public interest and importance.

INSTITUTE OF ECONOMIC SCIENCES 2

The Institute has always been oriented on Yugoslav basis in most positive sense. The “brotherhood and unity” was truly appreciated. The leading economists’ generations from former Yugoslav repub-lics gathered at postgraduate studies, organized by the Institute. Later, they gave remarkable contribution to the establishment of economic, educational and the completely social system of former Yugoslavia.

I Floor

Shortly after its foundation, the Institute has become one of the leading scientific and research organizations in the country thanks to the business policy and development strategy that was based on openness, innovations and willingness to broaden the views. As en example, the operational research activities as one of the postu-lates of modern quantitative economy entered the economic theory and practice of ex - Yugoslavia through the contributions of Professor Horvat and his associates, only ten years after it appeared in Great Britain. In 1963, the IT center was formed and it was among the first at scientific, research and educational level in the country at that time. Two years later, 110 000 thousand dollars (even nowadays it would be the vast sum), was invested in purchasing one of the most sophisticated computers – Elliot 803, so the information technology was introduced into the field of economic researches in our country. What made the Institute so famous, not only in Serbia but in all former republics and a region, is surely, the Library. The stock of several thousand items (books, monographs, periodicals) made the Institute a leader in this field. It was said that the Institute’s library was one of the best professional libraries on the Balkan. Even to-

Cognoscere est mutare 3

day, the Library is something, the Institute is very proud of. The IES Library is a depository library of UN, World Bank, IMF and OECD. Nevertheless, the personnel are the key factor of every successful organization. The qualitative human resources have always been the IES main goal. The generations of leading Yugoslav economists cooperated, researched, gave lectures or were educated at the Institute. Many well known recognized leading world economists were guests or visiting professors at post-graduate school or other activities held at the Institute. No doubt, the Institute presented a kind of bridge between the socialist Yugoslavia and western countries with developed market economy. Our research workers with their efforts and scientific research results gave remarkable contribution in making Yugoslav model of socialism different from socialism in other socialist countries of eastern block, and in making Yugoslav economy accept the certain elements of market economy.

IT room at I floor SLOGAN Led by the vision of some enthusiasts, among which, the first Director (who was on this position for 15 years), late Professor Branko Horvat, the IES recognized the highest values - openness, willingness to work, studying and training. These three ideas present the IES slogan and our establishment trademark:

Cognoscere est mutare


The wish for new knowledge, continual education, and training were and are the IES trade mark along with an open book, placed on our first mark version, which is today a bit more stylized. VISION

"The leading scientific and research institution in the field of economic sciences that contributes to the

economic development, Serbian society national revival and welfare of all citizens of Serbia through coherent,

dynamic and prosperous economic development within European family nations"

MISSION "Continual quality advancement of economic researches,

analyses, studies, projects, education & development aimed at connecting the economic development &

human welfare"

GOALS IES Strategic goals: • Free, objectively and fairly research in different fields of eco-

nomic sciences • To achieve the exceptionality in scientific research and analy-

ses in accordance with world highest achievements • Easy information exchange and ideas among scientific, busi-

ness, non-government and government experts who deal with issues such as: sustainable economic, social and corporate


growth and development both on national, regional, European and world level

• Cooperating and establishing working and professional linkages with government, civil society, international, business, research and academic organizations network for offering the highest level services through various research and analyses

• Establishing wide net of partner institutions in Serbia, region, EU and the world

• Training for offering the highest level services to different categories of economic subjects

• Development of young researchers in the field of economic research activities

• Continual education and researchers training on long-life learning principles

• Business activities affirmation on principles of public-private partnership

• Development of managerial, organizational and professional capacity in Serbian integration process

ACTIVITIES

IES general program orientation encompasses the following research, consulting and program activities: I. ECONOMIC AND SOCIAL DEVELOPMENT • Theory and Policy of Economic Development: International,

Regional, Social/Sustainable Development, issues Relating to Structural Changes and Adjustments

• Transition, Privatization & Restructuring • Macroeconomic Policy: Exchange Rate Policy, Monetary &

Credit Policy Wages/Income, Financial System and Banking • Technological & Regional Development & Economic Policy

Issues • The Analyses of Some Economic Sectors & Sector Policies


• The Analyses of Market Structures, Concentration Level on Some Market Segments & Consumers Protection

• Current Analyses & Prognoses

II. INTERNATIONAL ECONOMIC RELATIONS - WORLD MARKET & INTERNATIONAL ECONOMIC STRATEGY

• Current International Economic Relations – Internationalization & Globalization

• Relationships with International Development, Monetary, Finan-cial and Trade Institutions

• National Economy, Integration into EU & WTO • National/Corporate Competitiveness, Regional Issues, Eco-

nomic/Trade Liberalization & Protection Policy • Foreign Direct Investments, International Trade, Technology

Transfer, TNC & Globalization, National Investments and Ex-port Promotion

• Regional Economic Cooperation and Incentives

III. BUSINESS ECONOMY - RESEARCH AND CONSULTING

• Organizational Changes – Development and Transformation of Enterprises, Banks and other Economic Organizations

• Market Research, Marketing & Consulting • Strategic Management – Strategic Analyses, Assistance in

Different Strategies Implementation Formulation • Investments and Feasibility Studies • Corporative Restructuring, Mergers and Acquisitions • Corporate Management • Quality & Total Quality Management (TQM)

IV. ENTREPRENEURSHIP & SMALL AND MEDIUM BUSINESS DEVELOPMENT – ANALYSES, RESEARCH & CONSULTING

• Entrepreneurship • SMEs Development • Small and Medium Business Financing

V. BANKING, INSURANCE AND FINANCE (in cooperation with BBA)

• Classical Banking • Investment Banking


• Actuary and Insurance • Corporate Finance • Public Finance • Monetary Finance • Financial Reports Analysis • Risk Management • Auditing • Financial Markets & Securities Investments

VI. CONTINUAL EDUCATION PROGRAMS • Specialists Post-graduate Courses & Partners Educational

Programs • Teach-In and Workshop seminars – Management, Leadership,

Marketing, Finance, Accounting, International Business Activi-ties etc.

• Continual Education Programs • Distance Learning • Development Studies Courses & other Educational Programs

VII. CULTURAL ECONOMICS • Management of the Culture • Organizational Changes of the Culture • Marketing of the Culture • Finance of the Culture ORGANIZATION AND MANAGEMENT The IES main organs are: Director and Steering Board. Scientific Council is advisory organ of Steering Board.

Prof. Dejan Erić, PhD

Director Srđan Redžepagić, PhD Chief Executive Officer


Steering Board: Radoje Zečević, PhD, Chairman Vlastimir Vuković, PhD Dragan Milinković Fimon, PhD Drago Cvijanović, PhD Ivan Stošić, PhD Jelica Minić, PhD Milenko Popović, PhD Rada Lečić, PhD

Scientific Council: Mirjana Radović-Marković, PhD, Chairman Srđan Redžepagić, PhD, Secretary Božo Drašković, PhD Prof. Branko Vasiljević, PhD Gradimir Kožetinac, PhD Prof. Dejan Erić, PhD Dragan Milinković Fimon, PhD Ivan Stošić, PhD Miladin Kovačević, PhD Prof. Petar Đukić, PhD Slavenko Grgurević, PhD Prof. Slobodan Aćimović, PhD Prof. Hasan Hanić, PhD

IES UNITS/DEPARTMENTS

1. Sector for Scientific and Research Activities - depending on adopted development goals and working plans, scientific and developing centres and working units formed within this centre.

2. Sector for Administrative Activities includes Library, Accounting Department and Secretariat

The Institute carries out the scientific and research activities through two scientific centres:

Center for Economic Researches Mirjana Radović-Marković, PhD Head


Center for Microeconomic Researches & Consulting Ivan Stošić, PhD Head

The Director appoints the heads of centres among scientific posi-tions researchers who are the Institute employees. Editorial Board "Economic Analysis"

Jovan Zubović, MSc, Editor-in Chief Library & UN Information Center (IES Depository Library)

Vesna Švabić, Head Librarian Info & Internet Center IES

Branko Lazarević, IT Manager RESEARCH

The development of scientific and research ac-tivities and education are our main activities. The IES scientific and research field is very wide, starting from macroeconomic studies elaboration, projections, forecastings, and international economic relations analysis, the state of world

economy & international trade, elaboration of studies on economic, regional and sustainable development, sectoral economic policies, to a great number of projects for economic subjects in almost all economic fields. In addition, the significant IES activity refers to consulting, knowledge innovations, continual training and education in the fields of current business economy, management, marketing, entrepreneurship, finance etc. The IES cooperates with many private companies, government and non-government, national and international institutions and organi-zations. The Institute is a member of EADI, and other international, regional and national scientific organizations and associations. The significant projects, IES was engaged in:


• Elaboration and public discussion on Draft Law on Sport

• Financial Services Sector Integration of the Balkan Countries into European Fi-nancial System within Program of inte-grated activities "Pavle Savić", that is, "Partnership Hubert Curien"

• Revolving & Permanent Property Assessment Value of Enter-prise "ZIMPA" a.d. Ub in Accordance with International Ac-counting Standards, on 31.12.2007

• Consulting Services for a Group of Enterprises from Groups 76 and 78

• Feasibility Study for Construction of Tourist Complex "Treska" on Kopaonik

• Capital Assessment Value of "Zeleni talas" d.o.o. Belgrade • Proposal for New Organization of "Telefonija" Business System

Belgrade • Consulting Services Relating to Preparation & Capital Sale

Implementation by the Method of Public Tender of Enterprise "Kolubara usluge" d.o.o Lazarevac

• Development Strategy of enterprise "ZIMPA" – Ub, within "Galeb Group"

• Research Possibilities for CHINO Beverage Sale • Market Analysis of Non-specialized Retail, mostly Food, Ta-

bacco & Beverages (activity 52110) in Belgrade and Serbia • HI "Župa" Kruševac - Tender Privatization of an Enterprise

• Development Strategy of Belgrade Tourism

• Consultants to Prepare Auction Documentation for Pool 2 - South Serbia Veterinary

• Operations Improvements Strategy for Company "Progetti" d.o.o. Vladimirci

• Capital & Property Assessment Value of the Maize Research Institute "Zemun polje" Beograd; "Kikindski mlin" a.d., Kikinda

• Capital Assessment Value of Enterprise "Simpo", d.o.o Vranje


• Privatization Assessment through Restructuring of AD Holding Cable Industry Jagodina

• Modernization of Organization BOMEX Group, Belgrade • Capital Assessment Value of Luka Belgrade, • Capital Assessment Value of Enterprise "Farmaprom" d.o.o,

Belgrade • Property Assessment Value of Independent Firm • Fixed Assets Assessment Value of Enterprise "SIMPO" a.d.

Vranje • Expertise and Ownership Capital Structure Establishment of

"Hidrotehnika" d.o.o. Beograd • Central Bank Monetary Policy Impact on Banks Shares Value

with Special View on Atlas Bank Shares • Project Preparation for Acquiring Conditions for Privatization

Process of "Fond Inex - Interexport" a.d., Beograd • Impact on Employment & Social Questions Study in RTB Bor,

Restructuring Project of RTB Bor • Privatization Program through Restructuring DP "21. oktobar"

Kragujevac • Privatization Program Evaluation of GP "Crna Trava" Vlaso-

tince; DP "Graničar" Vršac; DP "7. jul", Šabac; DP "Gaj tape-tarija" Zemun; DP KTK "Koža" Zaječar; DP "Besko" Vlasotince; DP "Progres" Svrljig; a.d. "Sloga" Kanjiža; a.d. "Severtrans" Sombor; a.d. "Moda" Loznica; a.d. "Sloga" Beograd; d.d. "Minerva" Subotica; d.o.o. "Magalit-šumnik" Raška

• Restructuring Program of d.o.o. "Porcelan-Zajećar " Zaječar • Property Assessment Value of JKP "10. oktobar" Barajevo • Capital Assessment Value of "DMD Sistem" a.d. Beograd • Real Estate Assessment Value of "Boeobanka" a.d. Beograd;

"Jugobanka" a.d. Beograd • Apartments Assessment value of "Beobanka" a.d. Beograd • Meat Smoking Assessment Value of Enterprise "MCM" d.o.o.

Martanoš • Auction Privatization program of "Tehnoservis" a.d. Beograd • Educational Seminar - Entrepreneurship Training


• Industry Development Strategy of Serbia till 2010 • OECD Federal Republic of Yugoslavia - Economic Report • Property Assessment Value of ZZ "Poljoprom" Bor; PP "Geoin-

ženjering" Sopot • Effects of Consumer Animosity and Ethnocentrism in Evaluation

of Foreign v. s. Domestic Brands – A Study of Consumer Be-havior in South Eastern Europe, in cooperation with Bergen Business School – Institute of Marketing, Bergen, Norway

• Assessment Value of Petrol Stations • Agreement on Long-term Business, Scientific Cooperation-

Realization of Teach-in Seminar for Personnel Training of ‘NITEX” according to EDU 2000 Program of Center ECIB&M within Institute

• Capital Assessment Value of Enterprise "Sloboda", Novi Pazar • Property Capital Assessment Value (with ownership structure)

of Holding Company "Kraljevo invest" DD, Kraljevo • Capital Assessment Value of DD "Inex Loris" Beograd • Capital & Property Assessment Value of EI "Elkom" Zemun;

Enterprise "Uniprom" Novi Pazar; DP "Slemen", Soko Banja; DP "City center", Kraljevo; Maize Research Institute , Zemun polje; DD "Napredak" Plandište; PUDS "Sokogradnja" Sokobanja; DD "Begej" Zrenjanin

• Integral Development Program of Durmitor region • Analysis of Financial Operations and Economic Position of DP

Cementara "Kosjerić" for period 1997. - 30.09.2000. • Modernization of Statistical Data System for Presenting Tourist

trade in Montenegro • Elaboration of Mini Dairy Plant in Boan • Integral Development Program of Prokletije Region • Evaluation of Conditions and Expected Economic Trends in FR

Yugoslavia & International Environment from View of NIS Posi-tion & Business Policy for Period 1999-2001

• How to Draw Foreign Capital into Yugoslav Economy • Economic Aspects of Natural Capital Valuation and Protection • Macroeconomic Measures for Tourist Economy Support in 1998


• Tourist Trade Evaluation in Montenegro – with Special View on Economic Effects

• Proposal for Macroeconomic Measures for Tourism Initiatives in 1998

• Sustainable Development Strategy of Serbia • Social Policy Measures in Pension and Disability Pension

Insurance • Current Economic Trends in the Country • Capital & Property Assessment Value of d.d. "Planteks" Plan-

dište

• Segmentation Program of HTP "Budvanska rivijera" with development program elements

• Scientific Gathering: “Perspectives & Possibilities for Yugoslav

Integration into SECI Projects & Mechanisms & other Regional Cooperation Projects”

• Effective Protection & Competitiveness of Yugoslav Economy • Economic Aspects of Natural Capital Valuation & Protection,

Chapter XII Fund for Ecology • Effective Protection & Competitiveness of Yugoslav Economy,

Study, Foreign Trade Trends in Transition Period • Future Information Technology Development in FR Yugoslavia • Conditions & Assumptions of Future Tourism Development in

Serbia and its Position at Domestic & Foreign Market • Article: Starting Base & Concept of Tourism Sustainable & Inte-

gral Development in Sokobanja within the Project: Conditions & Assumptions of Future Tourism Development in Serbia and its Position at Domestic & Foreign Market

• Effective Protection & Competitiveness of Yugoslav Economy, Third Research Phase

• Development and Promotional Center Boan • Sustainable Development Scenario – Draft for Regional project

“Ecological Restructuring of Montenegrian Coast


• Program Elaboration for Recovery of Enterprise "Omorika komerc", Berane

• Assessment Value of Building Plot in Becici, Yellow Houses, near “Mogren” Hotel in Budva, buildings SDK in Stari Grad, Budva, and Business Policy Defining of Municipality Budva, as majority owner in enterprise "BSB", Budva

• Revision Studies – Possible Solutions Analysis & Status of Mili-tary – Technical Institutions with Adequate Solutions Offers

• Ownership and Organizational Transformation of Paper Plant "Beranka" iz Berana

• Effective Protection of Yugoslav Industry • Value Assessment of Performed Work, Former Investments &

Installed Equipment in Installation of TV Cable System in Mu-nicipality of Budva

• Building Plot Value Valorization on Location Sveti Stefan – Forests

• Effective Protection and Competitiveness of Yugoslav Economy • Cost Accounting Reimbursements for Arranging City Building

Plot in Budva • Claim Expenses Assessment & Lost Profit Based on Out-

standing Foreign Exchange Claim In research cycle according to the corresponding Ministry, for the period 2000-2005, IES was coordinator that is, the head of five projects: 1. Export Development & International Competitiveness of Ser-

bian Industry, 2. Economic Transition in Serbia – Past and Future, 3. Position & Preparations of Serbia for Integration Process of

Yugoslavia into EU and Stability Pact of Southeastern Europe, 4. Enterprises Recovery Strategy in Business Crises Conditions

of Serbian Economy, 5. Economic Liaisons Establishment between Serbia and other

Former Yugoslav Republics and the Balkans. In the same period, the selected IES researchers were engaged on the following projects: 1. Financial Markets Development in the Function of Serbian

Economy Transition (Head: Faculty of Economics Belgrade), 2. Enterprise Restructuring in the Market Activities Propulsive

Affirmation Function (Head: Faculty of Economics, Belgrade),


3. Sectoral Effects of Macroeconomic Policy in Serbia and Coun-tries of Central & Eastern Europe (Head: Institute "Mihajlo Pupin", Belgrade).

In the latest research cycle, according to the Program of Ministry for Science for period 2006-2010, IES researchers were engaged on following projects:

1. Reforms Initiatives in Serbian Economy – Growth, Employment and Competitiveness (Head: Faculty of Economics, Belgrade),

2. Theoretical and Methodological Basement for New Generation Documents of Sustainable Development in Montenegro: Har-monization with New European & Regional Documents (Head: Faculty of Economics, Belgrade),

3. Multifunctional Agriculture & Rural Development in Function of Serbian Integration into EU (Head: Institute for Agricultural Economics, Belgrade).

In 2008, The Ministry of Science of Republic of Serbia approved IES the Project: The Integration of Serbian Economy into the Euro-pean Union - Planning & Financing of Regional & Rural Develop-ment & Enterprise Development Policy (Project No. 159004). EDUCATION In 1963, the Postgraduate School started where, since 1986, 143 candidates got MA degree. The first Dean was Professor Branislav Ivanovic, PhD. It was the first postgraduate school not related to university in the country. In 1963, the Postgraduate School started where, since 1986, 143 candidates got MA degree. The first Dean was Professor Branislav Ivanovic, PhD. It was the first postgraduate school not related to university in the country. The postgraduate school encompasses eight master programs: A Economic Analysis and Planning (4 courses) B Econometrics C Maths Statistics D Operational Research E Organization, & Management in Economy ( 6 courses), F External and Internal Finances G Information Systems


H Actuarial Sciences

Twenty years upon closing of IES postgraduate school, in coopera-tion with BBA, the new academic studies-master were introduced which last one or two years. The study program is, as follows: Investment Banking Financial & Banking Business Management & Business Administration.

Mr John Hennessy, FINRA (ex NASD)

BELGRADE BANKING ACADEMY In 2004, the Institute of Economic Sciences, with ”Atlas” Bank and Shareholder Company for Insurance “Kopaonik” became co-foun-der of Belgrade Banking Academy - Faculty for Banking, Insurance and Finance (BBA). The Faculty is a co-founder and a member of University UNION, Belgarde. The primary mission of BBA is to offer students the maximum value for their efforts and high level of knowledge in the field of banking, insurance and finance in accordance with the highest academic standards. The study program is based on the program of leading world universities in the field of banking, insurance and finance. Study program: • Economy and Management • Finance and Accounting • Banking and Insurance


• Social and Humanitarian Sciences The translated textbooks of best European and American universi-ties are at students’ disposal. Modern teaching methods enable creating the high experts, who, upon completing the studies, can successfully perform tasks in all financial institutions. Educational (teaching) plan includes compulsory internship that last 10 weeks, starting from second term until end of studies, in over 30 leading financial institutions, based on signed agreements on busi-ness cooperation between BBA and these institutions. 80% of internship is carried out in banks, 10% in insurance companies and 5% in broker institutions and other financial organizations. • BBA cooperates with FINRA (ex NASD). • BBA & ICMA Center, University of Reading, Great Britain,

signed the Memo on cooperation. This enables students to continue studies after the first year or to continue studies at the University of Reading after graduating at BBA.

Professor Hasan Hanić, Dean of BBA & Professor John Board,

Director of ICMA Center, University of Reading signing Memo on Cooperation between Two High Educational Institutions

• BBA is authorized test center ECDL (European Computer

Driving Licence. • BBA belongs to ERENET (Entrepreneurship Research and

Education Network of Central European Universities) of Central and Eastern Europe.

• BBA is a member of ORACLE academy & IBM Academic Initia-tive, which enables the organization of ORACLE courses and all software packets from IBM company.


• BBA signed agreements in the field of education with University of Nice - Sophia Antipolis & Faculty of Economics, Sarajevo.

• BBA signed the Agreement on Cooperation with University in Turin – Faculty for Management (SAA). The master program "Financial, Banking and Business Management" participants can obtain double diploma.

Deans of two faculties: Professor Valter Cantino from SAA & Professor Hasan Hanić from BBA signing the Agreement

on Cooperation BBA organizes the – Master studies or two years (120 ESPB). Study programs are as follows: Investment Banking, Financial Banking and Business Management and Business Administration. The Center for Career Development is in the process of establish-ing at it has three main tasks: • Organization of regular internship for basic studies (lasts 10

weeks), aimed at knowledge and skills development, important for employment,

• Connecting the needs for banks human resources and other financial institutions with professional requests, needs, and interests of BBA students,

• Alumni organization - further contacts and cooperation after graduating.

The teaching staff is composed of eminent educational and scien-tific professors and experts in certain expert disciplines, studied at the Faculty. The associates and professors acquired their experi-ence and high knowledge at the universities and institutes in the country and abroad.


The lectures of experts in the field of banking, insurance and fi-nance have a remarkable contribution to the teaching process. Every school year begins with the introductory lecture of some emi-nent expert in finance, such as the Governor of Central Bank, Ministry of Finance of Republic of Serbia etc. PUBLISHING Since 1958, IES has an ambitious and rich publishing. Beside the fact that from 1992-1999 the IES published 55 titles in Serbian and English, in 1992, at the 37. International Book Fair in Belgrade, the IES was proclaimed the most successful publishing house in Yugo-slavia. IES publishes on regular basis the following editions: • Journal "Economic Analysis" • Monographs • Thematic Collection of Papers & Conference Papers • Working Papers. PUBLICATIONS

!MAP – Monthly Analyses and Prognoses (1994-2005) was IES flagship publication giving insight to current economic trends, effects of macroeconomic policy measures including short-term forecasts of the main economic aggregates in the national economy. Each issue highlight "hot" topics under the section titled as "Topic of the Month". From 1967 to 1992, the Institute published the international journal Economic Analysis, which had an international board and was published in English and Serbian. The journal had the best possible international rating among the journals published at that time in former Yugoslavia. From the beginning of 2007 Economic Analysis has been published in electronic form at the internet

site of the Institute of Economic Sciences (www.ien.bg.ac.rs/ea). It


has an international board and the Institute wants to return this journal the reputation it used to have. BOOKS 50 Years of the Institute of Economic Sciences in Belgrade (1958-2008) Bajić, Vojislav, Jovanović, Mihailo, Minić, Jelica, Cerović, Gavro, editors: Tomislav Popović - Selected Papers Hanić, Hasan, Vuković, Vlastimir, editors: Banking Products & Ser-vices Market in Serbia and Neighboring Countries Drašković, Božo, Vuković, Vlastimir, editors: Market Structures and Competitiveness Protection - Experiences of Transition Countries

Kostić, Dušan M.: Regional Infrastructure Service Organizations Productivity Milinković Fimon, Dragan: Introduction into Cultural Economics Erić, Dejan, Stošić, Ivan, Brnjas, Zvonko: Strategic Management in Agrobusiness Lopandić, Duško: Reform of the European Union, Western Balkans and Serbia, (in electronic form) Hanić, Hasan, editor: Insurance Market in Serbia - State and Per-spectives - Drašković, Božo, editor: State and Perspectives of Serbian Economy Hanić, Hasan, Đukić, Đorđe, editors: Bank Privatization in Serbia


Maksimović, Marijana: Human Resources Management in Interna-tional Business - Strategic Approach - Dokić, Mirko: Transport Infrastructure OECD: Economic Assessment of the Federal Republic of Yugosla-via Cvetković, Nataša: Enterprise Investment Strategy Milisavljević, Momčilo: Contemporary Strategic Management Dokić, Mirko: Valorization of Railway Transporting System Bel-grade-Bar White Paper - Preparation of the Associated Countries of Central and Eastern Europe for Integration into the Internal Market of the Union, (translation) Đurić, Zdenka: Changes Adjustment - Condition for Successful Business Kostić, Dušan M.: Trade in Serbia: Regional Development Strategy Milovanović, Milašin: Marketing Challenges in Post and Telecom-munications Gašović, Milan: Sales Management Petrović, Milenko: State Role of Modern Market Economy Đurić, Dragana, Prekajac, Zora, Vidas-Bubanja, Marijana: Interna-tional Economy Petrović, Pero: Risk's Management on Capital Market VIidas-Bubanja, Marijana, editor: How Can the Yugoslav Economy Attract Foreign Capital Đurić, Dragana: Financial Management Petrović, Milenko, editor: Challenges of Development on the Threshold XXI Century VIidas-Bubanja, Marijana: The Methods and Determinants of Foreign Direct Investments Drašković, Božo, editor: Economy of Natural Capital: Evaluation and Protection of Natural Sources Minić, Jelica, Denda, Aleksandar, editors: How to Support SMEs in Yugoslavia, (in English) Gašović, Milan: Fashion Marketing Sirc, Ljubo: Are Criticisms of Self-Government Still Valid


Minić, Jelica, editor: EU Enlargement: Yugoslavia and the Balkans, (in English)

Kotlica, Slobodan: Information Technology Challenges to Yugoslav Economy, (in English) Popović, Tomislav, editor: Yugoslavia and the World Trade Organi-zation: Conditions and Possibilities for Reintegration into the World Trade System World Trade Organization: The Results of the Uruguay Round of Multilateral Trade Negotiations (translation) Popović, Tomislav, Kovač, Oskar: Yugoslavia and the European Union: The Past and the Future, (in English) World Trade Organization: WTO: Trading into the Future Gwartney, James D., Stroup, Richard L.: What Everyone Should Know About Economics and Prosperity, (translation) Popović, Tomislav: The Basis of Transition and Privatization Pro-gramme (The Yugoslav Case), (in English) Kotlica, Slobodan: Information - Technology Paradigm and Eco-nomic Development Popović, Tomislav, Stamenković, Stojan: Macroeconomic Policy Between Conflicting Goals and Limited Possibilities Milisavljević, Momčilo, editor: Position and Role of Public Enter-prises in Serbia Kandić, Vojislav: Franchising Popović, Tomislav, Stamenković, Stojan, editors: Macroeconomic Policy After Sanctions


Popović, Tomislav, editor: Yugoslav Strategy of Return to the World Market Stamenković, Stojan, Pošarac, Aleksandra, Popović, Tomislav, Ratković, Marija, Hinić, Branko: Macroeconomic Stabilization: Alternative Approach Popović, Tomislav, Stamenković, Stojan: Economic Drama of Yugoslavia Popović, Tomislav, editor: The Position and Strategy of Serbia in the New European Order, (in English) Kovač, Oskar, editor: Effective Protection and Competitiveness of the Yugoslav Economy, (in English) Đurić, Dragana: Monetary Sovereignty: Changes and Limitations Radovanović, Tihomir: Working Potentials in Market Economy Tullock, Gordon: The Organization of Modern Federal State, (translation) Jovović, Dejan: The International Monetary Fund: Mechanism, Policy, Reform Pošarac, Aleksandra, Ratković, Marija, Vukotić-Cotič Gordana: Social Problems of Serbia: Poverty, Unemployment, Social Trans-fers Minić, Jelica: New Industrialized Countries: Ways of Achievements of International Competitiveness Đukić, Ðorde, editor: Financial Markets: Structure and Functioning LIBRARY The IES library and documentation resources are composed of Institute's own library, UN Information and Documentation Centre (UNIDC) and the Library of Belgrade Banking Academy. Structured on the lines of public reference library, library is very important source for researchers, scholars, visiting fellows as well as students from the universities and colleges. Library stock encompasses books, monographs and proceedings, periodicals, documentation and working papers so it could be ranked as valuable specialized library unit in Serbia in the field of economy and related disciplines.


The IES and UN library are open to the public. The Library of the BBA can only be used by its students The Institute's library is a depository library of the World Bank. Besides that available are annual reports, documentation, working papers as well as periodicals from other international and regional organization such as IMF, EBRD, EU, UNIDO, EFTA, OECD etc. Part of library stock policy is, besides regular purchasing, publishing gifts and exchange practice with partnering as well as other research and education at institutions, including international and regional organizations

IES Library The Library of the Institute of Economic Sciences has started with the implementation of COBISS (Co-operative Online Bibliographic System and Services) - Digital library system. Nowadays, the traditional book form is being more and more replaced by electronic version so the Institute has started this process of creating the electronic library. The first effects are to be expected in years to come.

PERMANENT STAFF MEMBERS At present, the Institute has a staff of 28, out of 20 full-time re-searchers, one librarian, and 7 staff members in the Administration and Secretariat.


RESEARCHERS

Belopavlović Gordana Beraha Isidora Domazet Ivana, MSc Drašković Božo, PhD Professor Erić Dejan, PhD Grgurević Slavenko, PhD Kostić Dušan, PhD Lazarević Marija, MSc Madžar Lidija, MSc Minić Jelica, PhD Radovanović Bojana Radović-Marković Mirjana, PhD Rajković Zoran, MSc Redžepagić Srđan, PhD Stefanović Saša, MSc Stevanović Slavica Stošić Ivan, PhD Vukotić-Cotič Gordana, MSc Zdravković Aleksandar Zubović Jovan, MSc ASSOCIATES

Anđelić Goran, PhD Bajić Vojislav, PhD Professor Bazler-Madžar Marta, PhD Bojović Petar, PhD Bradić-Martinović Aleksandra, MSc Brnjas Zvonko, PhD Đukić Mališa, PhD Džopalić Marija Hanić Azra Professor Hanić Hasan, PhD Kovačević Milena, MSc Kožetinac Gradimir, PhD Professor Madžar Ljubomir, PhD Malović Marko, PhD Milinković Fimon Dragan, PhD Minović Jelana, MSc Paunović Svetislav, PhD Professor Pržulj Živka, PhD


Simeunović Ivana, MSc Professor Vukelić Gordana, PhD Živanović Branko, PhD INTERNATIONAL COOPERATION Regarding the IES program orientation and personnel profile, oriented mainly towards the issues of international economy and development, the Institute has developed a very wide network of international cooperation. For the last ten years, the Institute realized many business contacts and a great number of national and international gatherings and seminars in the field of economic sciences were organized with a number of scientific, educational and professional organizations: • In March 1996 - the international gathering on conditions and

possibilities of franchising use in Yugoslavia with participation of experts from USA and Great Britain.

• In May 1996 in cooperation with Iowa State University, USA - the international seminar on: "Agriculture Financing in Mar-ket Economies".

• In May 1996 in cooperation with Serbian European Movement and magazine “Economic Policy” - the international round table on "Yugoslavia after Sanctions – Economic Relations with European Union".

• In June 1996 in cooperation with French Government (Cultural Department of French Embassy) - the international seminar on "Yugoslav Personnel Training in the Field of Business Operations with EU".

• Beginning of July 1996 – international conference, with sponsorship of the Fridrih Ebert Foundation on Yugoslav Euro-pean Perspectives.

• In August 1996 the Agreement on Research Project Realization (Banking, Economics, Oil Industry, Mining and Food-Process-ing Industry) with Banque Indosues London Branch for needs of Banque Indosues London Branch.

• With University of New Haven, School of Business the Agree-ment on long-term cooperation (exchange of publications, organization of mutual study visits, IES associates participation


in program realization of New Haven and vice versa, possibili-ties for IES associates longer visits because of MA and PhD thesis elaboration and studying the expert literature).

• In April 1997, IES and Institute for Study of International Aspects of Competition (ISIAC), Kingston, RI, USA, made an Agreement on International Business and Scientific Coopera-tion.

• In May 1997 IES, in cooperation with Centre for Central Banking Studies - Bank of England organized a seminar on: "Banking & Capital Market”.

• In September 1997, IES delegation for Eastern Europe, Russia & middle Asia, within the Academy of Science of China, in the organization of IES, spent five days in Yugoslavia aimed at holding expert talks, coordination on long-term cooperation with IES, and IES visit to China including the organization of round table.

• In organization with European Movement for Serbia and Eco-nomic Policy, the IES organized international conference on. "Measures for SME’s Development Initiatives in Yugosla-via”, sponsored by UNDP - Regional Project for SME”s, Konrad Adenauer Foundation from Germany, and Bureau for International, Scientific and Technical Cooperation of Republic of Serbia.

• IES and Association for Small and Medium Economy of Lombardia (API), seated in Milan, initiated the activities aimed at establishing the economic cooperation between Yugoslav and Italian firms (area of middle and north Banat through regional Chamber of Commerce in Zrenjanin, etc).

• With University of Rhode Island Kingston, Institute for Study of International Aspects of Competition (ISIAC) – the Agreement on long-term scientific and business cooperation. The IES young researchers visited the USA within this cooperation.

• In December 1996 - the Agreements on long-term cooperation with: Institut ekonomičeskih problem prethodnogo perioda ANN and RAN, Moscow, Institut unepšeekonomičkih issledovani (IVEJ), Moscow & Institut ekonomiki (EU), Moscow.

• In 2002, IES organized, (in cooperation with European Move-ment in Serbia and Foundation Friedrich Ebert Stiftung), the


international conference on "Serbia and Montenegro on the Road to the European Union – Two Years Later".

• In 2003, with EADI (European Association of Development Research and Training Institutes), IES organized the interna-tional conference in Belgrade on: "Reinvesting Develop-ment".

• On 3-4 June 2004, IES, Organization for Economic Cooperation & Development, Initiative of Pact for Stability and Fight against Corruption (SPAI) and Government of Serbia organized inter-national seminar on: "Seminar on Budget Transparency as a Tool in Fight against Corruption".

• IES & HVB Bank (SCG) organized the visit of Franz Schausberger, PhD, Director of Institute for European Regions from Salzburg, with a number of government and academic institutions & foreign investors associations. Dr Franz Schausberger gave a lecture on “Regions Role in Europe Development” at the IES on 7 June 2006.

Cooperation with Universita di Torino, Scuola di Amminitrazione Aziendale - SAA, Turin

Prof. Giuseppe Dutto


In cooperation with FINRA - (Finan-cial Industry Regulatory Authority ex. NASD), and ICMA Centre, University of Reading, three international certifi-cated seminars were organized: "Capital Market Program", in March 2007 “Capital Market Program for Southeastern Europe", in Bečići in June 2007 "Capital Market of Southeastern Europe: Regulation & Harmoniza-tion", from 29.October to 2. Novem-ber 2007.

Prof. Dejan Erić, Prof. John Board, Nick Bannister, MA Minister, Mr Bojan Dimitijević, prof. Hasan Hanić & Russell Clause, MA

• During 2007 and 2008 two international conferences were held

at the IES “Belgrade Internationl UN Model - BIMUN 2007" and "Belgrade International UN Model - BIMUN 2008".

IES and BBA are engaged on the Project "Strengthening International Coop-eration among the Countries of Visegrad Group & South-East Europe”.


In April 2008 in Nice was signed the Agreement on Scientific & Research Cooperation between IES and University of Nice - Sophia Antipolis.

Prof. Albert Marouani, PhD, Prof. Jean-Paul Guichard, PhD and

Srđan Redžepagić, PhD

Professor Ngomai, Dean of the Faculty for Law, Political Sciences, Economy and Management, University of Nice, Professor Erić and

Professor Guishard

• Agreement on Cooperation and establishing academic relations and exchange of knowledge and common activities in scientific research, educational activities with EDUCONS University Sremska Kamenica, signed.


In August 2008, the Memo on Understanding between Korean Institute for International Economic Politics (KIEP) and IES was signed.

Mr Heung-kweun Park, Counselor of the Embassy of Republic of

South Corea, visiting IES

IES and BBA are members of ERENET (Entrepreneurship Research and Education Network of Central European Universities).

Professor Antal Szabo, Scientific Director of ERENET, Dieter Ibielski, ERENET Honorable Member and Professor Dejan Erić


Srdjan Redžepagić, PhD and Besim Ćulahović, PhD on the

gathering “Tempus Meeting Days 2008“, Brussels

Professors Dejan Erićand Hasan Hanić at the entrance of CEU,

Budapest

Professors Dejan Erić and Hasan Hanić visiting FINRA


IES delegation visiting company “Galeb Group“

Professor Johanna Bockman, PhD visiting IES

Professors Adnan Rovčanin and Dejan Erić


Professor Paul W. Dobson visiting IES

IES delegation visiting the Faculty of Economics Ljubljana

Professor Dejan Erić,PhD, Professor Polona Domadenik, PhD,

Dean Assistant and Professor Drago Mramor, PhD, Dean of Faculty of Economics Ljubljana


CHRONOLOGY OF IMPORTANT EVENTS 1958. • Department for Economic Research and Methodology Planning

within Federal Institute for Economic Planning was founded • The first Director was Professor Branko Horvat, PhD (on duty

until 1973) 1963. • By Decree of Federal Executive Council Department for Eco-

nomic Research and Methodology Planning became Yugoslav Institute for Economic Research

• In 1963-64 the School for Post-graduate studies started, where until 1985-86 143 students got MA degrees. The first Dean of the school was Professor Branislav Ivanović, PhD. The first student who got MA degree was Miroslav Bratina (09.07.1965)

• Internet Center established 1965. • The Institute moved to Zmaj Jovina 12 Street, Belgrade. It is still

on the same address • The institute purchased the computer Elliot 803, which purchase

price was 110.000$ 1967. • The international journal Economic Analysis was first published

and by 1992 it came out quarterly in Serbian and English 1969. • The Institute was renamed into the Institute of Economic

Sciences 1977. • Federal Republic of Serbia takes over the rights and obligations

as IES founder 1985.

• The World Bank Depository and Regional Library Program – Memorandum of Agreement was signed between the Institute and the World Bank. The IES library became depository library of the World Bank


1988. • The last student of Postgraduate school Milutin Milošević got his

MA degree (09.05.1988) 1992.

• According to the Agreement between the Institute and UN, that is the Dag Hammarskjold Library, the Institute took over the complete UN library collection from the former UN Information Centre, Belgrade and

got the status of UN Depository Library • At 37 International Book Fair the Institute was proclaimed the

most successful publishing house in Yugoslavia

1994. • The first issue of the bulletin Monthly Analyses and Prognosis –

MAP was published and it came out until 2005

2005. • In cooperation with Atlas bank and insurance company

Kopaonik, IES founded the Belgrade Banking Academy – the Faculty for Banking, Insurance and Finance. After 17 years the educational activities have been initiated

Radovan Jelašić, Central Bank President lecture on the Occasion

of BBA Opening 2006. • 20 years after Postgraduate school of Institute, BBA organized

master studies


• The emblem of IES re-designed

Mlađan Dinkic, Ministry of Finance Lecture at the beginning of opening the school year 2006/07

2007. • TV studio of IES/BBA started to operate • After 15 years, the edition Economic Analysis was renewed in

electronic form. It is semiannual publication in English 2008. • The Memo on cooperation with University of Nice - Sophia

Antipolis signed

Visit of high delegation of Ministry of Science of Republic of Serbia, 2008


CONTACT US

INSTITUTE OF ECONOMIC SCIENCES Secretariat

Zmaj Jovina 12, 11000 Belgrade, Serbia

Tel. + 381 11 2622-357, 2623-055; fax: + 381 11 2181-471 www.ien.bg.ac.rs

[email protected]

Director Prof. Dejan Erić, PhD Tel. + 381 2622-357, 2623-055; e-mail: [email protected]

Chief Executive Officer

Srđan Redžepagić, PhD Tel. + 381 11 2623-578; e-mail: [email protected]

SCIENTIFIC COUNCIL

Mirjana Radović-Marković, PhD, Chairman Srđan Redžepagić, PhD, Secretary

SCIENTIFIC CENTRES Center for Economic Research

Mirjana Radović-Marković, PhD, Head Tel. + 381 11 2635-823; e-mail: [email protected]

Center for Microeconomic Research & Consulting

Ivan Stošić, PhD, Head Tel. + 381 11 2629-950; e-mail: [email protected]


DEPARTMENTS Editorial Board „Economic Analysis“

Jovan Zubović, MSc, Editor-in-Chief Tel. +381 64 118-4614, e-mail: [email protected]

Library

Vesna Švabić, Head Librarian Tel. +381 11 2629-960, e-mail: [email protected]

IT Centre

Branko Lazarević, IT Manager Tel. +381 11 2635-694, e-mail: [email protected]

Head Administrator

Gordana Vujović Tel. +381 2638-886, e-mail: [email protected]

Accounting Department

Ivanka Pešaković, Head Tel. +381 11 2623-659, e-mail: [email protected]


SPECIAL THANKS TO:

Ministry of Science and Technological Development of Republic of Serbia

Antegra, Belgrade

Belgrade Chamber of Commerce, Belgrade

JUBMES Bank, Belgrade

Telefonija, Belgrade

Belgrade Business School, Belgrade

City of Belgrade

Kovintrade d.o.o., Belgrade


Anavi, Belgrade

Ministry of Trade and Services

Atlas Group

R Raiffeisen Bank a.d. Belgrade

Fruškogorska voda Jazak