Newsletter 15 40631 ID2 - Joint Vienna Institute

JOINT VIENNA INSTITUTE 

JOINT VIENNA 

INSTITUTE 

NEWSLETTER No. 15 WINTER 2002 

NEW JVI FACILITY 

NEAR COMPLETION 

The new JVI facility is nearing completion and we are all 

looking forward to moving in early May to our new location 

in the center of a busy commercial district – or Bezirk, 

as the Viennese call it – on Mariahilfer Strasse. 

rity: access to Vienna‘s excellent public transportation 

system. From the Zieglergasse U-Bahn stop, participants 

will be able to go anywhere they want in Vienna. And 

even without public transportation, participants will find 

shops, restaurants, and English-language cinemas within 

easy walking distance. The new JVI is also within walking 

distance of Vienna‘s new Museumsquartier, the latest of 

the many Viennese cultural institutions that attract and 

delight residents and visitors alike. 

The Schmalzhofgasse building, which will provide comfortable 

housing for JVI participants, has been built behind an 

As our participants know, the current JVI – training rooms, 

offices, and dormitories – is hosted by the Austrian Zollwachschule, 

which is a large government building on busy 

Erdbergstrasse. The new JVI will occupy two buildings, 

both of which are renovated and refurbished historic buildings. 

The training facility – lecture rooms, offices, and 

library – will be housed on three floors of a building erected 

at the turn of the century. Participants will be housed 

in a new building constructed behind the original façade 

of a building on Schmalzhofgasse, a quiet street that runs 

parallel to Mariahilfer Strasse. Two locations, however, do 

not mean a commute for the participants. To go to their 

classes, participants will cross a landscaped courtyard that 

connects the two buildings. And the hustle and bustle of 

the city is readily accessible from either location. 

While there are some major differences between the old 

and the new location there is also an important simila- 

INSIDE 

NEW JVI FACILITY NEAR COMPLETION 1 

JVI: DATA ON CONSUMPTION 

AND INVESTMENT, 2002 4 

STAFF NEWS – Promotion, New JVI Staff 5 

CONGRATULATIONS! 

Wedding Weekend in Stockholm 6 

CAREER PROGRESS 7 

NEWSLETTER No. 15 WINTER 2002 1


original façade, which was left unchanged. The building, 

which will be accessible only to JVI participants, has a lobby 

and reception area, which will be staffed for 24 hours, 

seven days a week. On the ground floor, participants will 

have access to a computer room, laundry facilities, a small 

fitness room with showers, and a kitchen and breakfast 

room. This floor also contains a multipurpose room for 

welcome receptions, evening seminars or workgroup 

sessions, and other special events. The upper floors contain 

60 single rooms and 8 double rooms (junior suites). 

All rooms will be fully equipped with the necessities: full 

bathrooms, computer connections, televisions, and small 

refrigerators. In addition, each residential floor has a small 

kitchen for the convenience of the participants. 

While the construction company was busy handling the 

renovation and construction of the new buildings, JVI staff 

was also busy making plans. The Director and JVI staff 

spent many hours brainstorming on how the new lecture 

rooms should be equipped, what furniture was needed 

in the offices, and what facilities should be available to 

participants in the residential building. Many decisions 

had to be made – in close cooperation with the architect 

and developer – on office design, colors, furniture, IT 

equipment, etc. 

Great care was taken to create an enabling environment 

for teaching and learning, for group interaction, and for 

productive workshops. Two seminar rooms for 30 participants 

each are located on the 6th floor of the Mariahilfer 

Strasse building, while offices, workshop and conference 

rooms, and offices for visiting lecturers are on the 5th 

floor below. The library, fully equipped with computer 

facilities, and offices for the interpreters are located on 

the 7th floor. All teaching facilities are furnished with 

modern technology, including videoconferencing and 

interpretation equipment. 

One of the guiding principles followed in designing the 

new JVI facility was flexibility. No one can fully anticipate 

the technology needs of the future, nor can we accurately 

predict the number and types of training that the JVI 

might wish to offer in the years ahead. Thus, the use of 

flexible walls between the workshop rooms will offer the 

possibility to create one larger space from three smaller 

spaces. Moveable furniture will allow lecturers to arrange 

this larger space in small groups, auditorium style, or 

any other way they choose. The library will contain more 

than books, as multiple computer workstations will enable 

participants to access material through the Internet or to 

watch training CDs on their individual screens. Participants 

and staff will be able to view videoconferences via their 

computer screens, thus multiplying the dissemination of 

training beyond the specific seminar participants. 

As already noted, JVI staff have been crucial partners 

in the planning for the new building. Our experienced 

technicians, Jiri Valenta and Felix Pasko, are providing 

valuable input into IT infrastructure that no one sees, 

but which is critical to the smooth operations of all the 

planned new technology. The course administrators – 

Michele Burlington-Green, Iwona Kabat Lefebre, Dominique 

Adey Balinova, Tatiana Arnhold, Tania Bredniakova, and 

Marina Scherbakova – have been offering suggestions for 

furniture layout, new technology to accommodate work 

processes, and myriad other details related to ensuring 

that the needs of lecturers and participants are anticipated 

and met. Pamela Priess, the Director‘s assistant, is working 

with the new management company to ensure a smooth 

transition of services for the participants, including snack 

machines in the Schmalzhofgasse building, and coffee and 

pastry service for the coffee breaks. Our new Finance Officer, 

Jeannine Sandoval, is making arrangements to move 

our financial accounts to a bank closer to our new locations 

and to ensure that all the bills, salaries, and participant 

reimbursements can be paid without interruption. Our 

librarian and statistical assistant, Stanislava Gurova, is pre- 

2 WINTER 2002 NEWSLETTER No. 15


paring the library for the move and stands ready to assist 

participants with their data and information needs. The 

four JVI interpreters – Igor Gelyukh, Dmitri Gloukhovtsev, 

Alexandre (Sasha) Panteleimonov, and Andrei Tcherednik 

– were actively involved from the beginning in setting the 

standard for the new interpretation equipment. Resident 

lecturer Angel Antonaya and his colleagues Johann Schulz 

and Erich Spitaeller provided invaluable advice on the most 

advanced technology for the lecture and workshop rooms. 

Managing all this information and coordinating with the 

architect, developer, vendors, and movers occupies the 

time and talents of Gertrud Windsperger, the JVI Senior 

Administrator. 

The new JVI opens its doors on May 18 for a meeting 

of the Board, and the first seminars in the new location 

will begin on May 19. We look forward to being able to 

welcome all of you to the new JVI, and to an opportunity 

to give you a tour of our wonderful new facilities. 

… And this was the beginning … 



JVI: DATA ON CONSUMPTION AND INVESTMENT, 2002 

Consumption: 

1430 JVI participants visited 42 Heurige 

ate 11,203 pastries and 

23 birthday cakes 

drank 52,020 cups of coffee 

10,334 cups of tea 

3,240 liters of juice and soft drinks 

Other beverages: data not available 

Investment: 

200,000 man-hours for the construction of the new JVI on 

Mariahilfer Strasse and Schmalzhofgasse 

Material for Schmalzhofgasse 

9,000 m 3 concrete; 320,000 kg steel 

75,000 m electrical wiring 

2,500 electrical outlets and switches; 1,400 lamps 

2,500 m 2 sheet metal for heating/air conditioning ducts 

6,300 m water pipes; and 3,500 m sewage pipes 



STAFF NEWS 

Promotion 

Ms. Michele Burlington-Green was 

appointed Senior Course Administrator 

on August 1, 2002. Originally 

from the United Kingdom, Michele 

has been living and working in Vienna 

for more than 10 years and 

was one of the founding staff 

members of the Joint Vienna Institute. 

She managed the first seminar 

that took place at the JVI on ”Natural Monopolies“ (August 

30-September 11, 1992), which was sponsored by 

the World Bank in cooperation with USAID and USEA, and 

she looks forward to running many successful seminars 

at the new JVI. 

Michele enjoys the challenges and diversity of her work 

and, in particular, the contact with lecturers and participants 

from all over the globe. 

New JVI Staff 

Stanislava Gurova succeeded 

Nikolinka Fertala as Librarian 

and Statistical Assistant. She 

writes: 

I am happy that my career 

path starts at the Joint Vienna 

Institute. The goal of the Institute 

to train young professionals 

from transition countries 

is close to my heart. 

I grew up in Bulgaria in the years of socialist rule. In 1989, 

when the economic transition in Bulgaria started, I was still 

a child but was thrilled about the change and expected 

a lot from it. When I graduated from high school, I was 

aware that countries in transition would need professionals 

with a solid and modern background in Economics 

and my plan was to acquire such a background in Western 

Europe or the United States. I started to realize my plan 

and received a BA degree in Economics from Truman State 

University in Missouri. After my graduation in the United 

States, I continued my studies at the Institute for Advanced 

Studies, one of the most renowned research institutes in 

Vienna. The analytical skills, background in statistics, and 

econometric techniques that I acquired there proved to 

be helpful in getting the position at the JVI. 

I am proud to be part of the JVI‘s devoted team and excited 

to put my skills to good use and contribute to the 

success of the JVI. 

Mrs. Jeannine L. Sandoval, 

a national of El 

Salvador, succeeded Ms. 

Teresa Cutolo as JVI Finance 

Officer in August 

2002. She transferred 

from the IMF Treasurer‘s 

Department in Washington, 

D.C. where 

she has been working 

in different capacities 

since 1971. During the 

past 15 years, she was successively responsible for the 

operations and staff performance of three units in the 

Administrative Expenditures and Control Division. From 

1995 through 2001, she was Deputy Finance Officer for 

the Joint Secretariat of the IBRD-IMF Annual Meetings, 

which is attended by delegations from Ministries of Finance 

and Central Banks of the two organizations‘ 183 

member countries. 

Mrs. Sandoval is married and has three children. She 

obtained an undergraduate degree in Business at the 

University of Maryland in 1981. She and her family are 

avid soccer fans, and enthusiastic and frequent participants 

in all forms of outdoor physical activities. She and 

her husband enjoy accompanying their children on trips 

to international competitions and they look forward to 

visiting many countries while they are in Europe. 

Ms. Gertrud Windsperger, 

an IMF staff 

member, succeeded 

Ms. Rahemoon 

Halfmann as Senior 

Administrator of the 

JVI in July. Ms. Windsperger 

has an M.A. 

degree in Economics 

from George Washington 

University in 

Washington, DC and 

has held various positions in the IMF and at the World 

Bank. In her previous position, she was a Public Affairs 

Officer in the External Relations Department responsible 

for the IMF Speakers Bureau, organizing seminars, giving 

presentations on the Fund, and for responding to inquiries 

from the public addressed to the Managing Director. In 

her new position at the JVI she will make good use of her 

native German language skills and organizational talents. 

She enjoys change and challenges and looks forward to 

contributing to the success of the new JVI. 



CONGRATULATIONS! 

We are very happy to announce the wedding of Tatiana Bredniakova, JVI Course Administrator, 

and Jürgen Krausz, Bank Austria Creditanstalt, on December 21, 2002. Tatiana writes: 

Wedding Weekend in Stockholm 

Getting married is one of the most important events in 

one‘s life and is not a very easy decision nowadays, especially 

if you are not eighteen any more. If you have finally 

made up your mind, the next step is planning the big 

event. Where? When? How? It was important for both of 

us to feel comfortable with the arrangements, especially 

since the choice of a country played a role. 

But, in our case, consensus was easy. We both wanted 

our wedding to be very private, at a registry office, but 

neither in Austria, nor in Russia. In summer 2002 we had 

a great holiday in Scandinavia, and, among other places, 

we spent a few days in Stockholm and fell in love with 

this beautiful city of islands. Like many other tourists we 

were impressed by the elegance of the Stadshus (the City 

Hall) of Stockholm, a tall building in the center of the city 

famous for hosting the annual Nobel Prize reception. From 

our guide we learned that weddings could be held there 

too. So, if a third country had to be chosen, Stockholm, 

Sweden, could not have been better. 

There was another point in favor of choosing Stockholm. 

There is not that much bureaucracy in Sweden and it was 

not difficult to arrange everything. City Hall even provides 

the witnesses. Just the two of us flew to Stockholm on 

Friday, December 20, 2002, and we were married on Saturday, 

December 21. We had chosen the longer version 

of the ceremony, which lasted about two minutes. The 

celebration took somewhat longer. We went to the City 

Hall cellar restaurant, where we sampled some typical 

Swedish Christmas cuisine. It was delicious, one of the 

best dinners we had had in our lives. And because it was 

a buffet we made the most of it! 

On Sunday, we were back in Vienna. Everything worked 

out very well, without any stress, exactly the way we wanted 

it. So, if you are thinking of getting married abroad, 

Stockholm is the place we recommend! 

Tatiana Bredniakova, JVI Course Administrator, and Jürgen Krausz, Bank Austria Creditanstalt 



Comprehensive Course 4: 

Paata CHARAKASHVILI (Georgia) - was appointed Deputy 

Minister of Economy, Industry and Trade of Georgia in August 

2002. Paata‘s contact details are as follows: 

CAREER PROGRESS: 

A general note to former participants of Comprehensive and/ 

or Applied Economic Policy courses: if you are in touch with 

former colleagues, please check whether they receive the JVI 

Newsletter. If not, it is probably because we do not have an upto-date 

mailing address for them. Please remember to inform 

us of changes. 

Many thanks! 


Viorel SERBANESCU (Romania) works for the Ministry of European 

Integration. As of March 2003, Viorel is going to be posted 

to Brussels in connection with the preparations of Romania‘s 

accession to the European Union. He can be contacted via e- 

mail: in Romania at viorel.serbanescu@mie.ro; and in Brussels 

(temporary) viorel.serbanescu@swing.be; and Tel. +322 344 

4145. 


Julia BALYKOVA (Russian Federation) - is enjoying increased 

responsibilities in her position as Credit Analyst in the Risk Department 

of Banque Societe Generale Vostok in Moscow, tel: 

+7-095-720 67 34, fax: +7-095-720 67 49, home tel: +7-095- 

162 04 25, e-mail: ioulia.balykova@socgen.com Julia (Ioulia) is 

also learning French. 

Adam ORZECHOWSKI (Poland) - busy as ever in Brussels 

with the Polish Mission. Thanks for staying in touch. e-mail: 

adam.orzechowski@pol-mission-eu.be 

RAVJAA MUNKHEGEREL (Mongolia) - Munkhgerel wrote in 

January to say she has taken a sabbatical to work as Client 

Liaison Specialist on a fixed-term enterprise restructuring 

project with the GTZ. She can be contacted by e-mail: 

munkhgerel@hotmail.com or by mail: PO Box 396, Ulaanbaatar-46, 

Mongolia. 

Volodymyr TROFYMENKO (Ukraine) - wrote from Toronto, Canada, 

where he and his family have been based since December 

2002. Volodymyr is busy with various projects. Home tel: 

+1-416-232 0351, e-mail: vtrofym@yahoo.com 


Iliana IBRAHIM (Bulgaria) - has completed a Master of Science 

degree in Banking, moved house, and found time to have a 

second daughter, Elizabeth (born in summer 2002). You can 

contact Iliana via e-mail ilibrahim@hotmail.com or phone: 

+1-646-234 5078. 

Ministry of Economy, Industry and Trade 

28 Gamsakhurdia Avenue 

380060 Tbilisi 

Georgia 

tel/fax: +995-32 92 33 11 

e-mail: paata@yahoo.com 

Rasul GOULAMOV (Uzbekistan) - having completed his MBA 

in the United Kingdom in 2000, he returned to Tashkent and 

re-joined ABN AMRO Bank Uzbekistan as Head of the Operations 

and Property Services Department, with 32 staff reporting 

directly to him. 

In his personal life there have been some changes too, as Rasul 

and his wife now have 3 children ranging from 10 months to 

6 years of age. 

Rasul‘s telephone numbers are: +998-71 120 87 27 (office), 

+998 186 10 17 (mobile) 

e-mail: rasul.goulamov@uz.abnamro.com 

Congratulations to Gabriela MIHAILOVICI (Romania) and her 

husband, Marcel, on the birth of their baby son, Maximilian, 

on February 21, 2003. Gaby and Marcel can be contacted at 

the following e-mail addresses: gmihailovici@yahoo.com or 

marcel@mihailovici.com 

Irina PANOVA (Russia) - was back in Vienna last year on holiday 

and bumped into her former Course Administrator, Michele, on 

Mariahilfer Strasse! Since March 2002, Irina has been working 

as Financial Director of the representative office of GLN, a leading 

French law firm, in Moscow. Irina‘s address and contact 

details are: 

Gide Loyrette Nouel Vostok 

Moscow Office (Bureau de Moscou) 

tel. +7-095 258 3100 

fax. +7-095 258 3101 

e-mail:panova@gide.fr 

http://www.gide.fr 


Julian GROCH (Slovak Republic) - Julian decided to leave his 

job at the Office of the Government to work in the Ministry of 

Economy, Foreign Trade Department. In 1998, he started his 

career as a diplomat in Kiev and in 2001 proceeded to a posting 

as commercial counselor at the Slovak Embassy in Tashkent, 

Uzbekistan. Julian will stay with his family in Uzbekistan until 

the end of this year. His contact information: 

Head of Commercial Dept. 

Embassy of Slovak Republic 

Yakkasarayskaya str. 18 

700 121 Tashkent 

Tel./fax: +99871/1206027 

e-mail: obeotas@bcc.com.uz 



Sanja MADZAREVIC (Croatia) - proudly announces the birth of 

her twins, son Tin and daughter Ema, on December 8, 2002. 

What a Christmas present for the whole family! ”Mammy is 

the proudest woman in the world also the most tired, as working 

hours have increased to 24. Looking back to the previous 

life, it seems that economics is extremely easy and that I led a 

comfortable, easy, lazy life.“ You can contact Sanja by e-mail: 

smadzarevic@worldbank.org. 

Leon MATUS (Slovak Rep) - having spent one year in the Netherlands 

where he received his MBA, Leon returned to DMD 

Holding to become Member of the Board and Chief Financial 

Officer. Leon is enjoying the new challenges and is sending 

regards to everyone. His e-mail address is matus@dmd.sk. 

Veaceslav NEGRUTA (Moldova) - is still working as Senior Economist 

at BearingPoint, formerly KPMG Consulting Barents Group, 

under a USAID Fiscal Reform Project. Though Slava in his present 

position has fewer opportunities to visit the JVI, he still hopes 

to meet his JVI friends soon! Slava is happy to hear from former 

CC-5 participants at VNegruta@barents-moldova.com. 


Vladyslav CHEMERIS (Ukraine) - busy as Director of the Risk Management 

Department at the National Bank, tel: +380-44-230 

18 95, fax: +38-44-230 20 33, e-mail: vchem@bank.gov.ua, 

National Bank of Ukraine, 9, Instytutska Street, Kyiv, 01008, 

Ukraine 

BYADRAN LKHAGVASUREN (Mongolia) - following studies in 

the USA and consultancy work for the World Bank, Byadran‘s 

career progressed to the post of Director of the Accounting 

and Information Technology Department in the Bank of 

Mongolia. He can be contacted on tel: +976-11-324340, fax: 

+976-11-311471 or e-mail: blkhagvasuren@mongolbank.mn 

/ byadran@hotmail.com 

Hovhannes MARGARYANTS (Armenia) currently works as an 

Advisor to the Minister of Health of Armenia. He can be contacted 

via email: hovek@armhealth.am 

Tamar MDIVNISHVILI (Georgia) successfully completed a twoyear 

postgraduate program at the Institute for Advanced Studies 

in Vienna in summer 2002. She now works as a research 

economist in the Macroeconomic Research and Monetary Policy 

Department. Tamar can be contacted on +995 32 44 22 57 or 

via email: tmdivnishvili@nbg.gov.ge 


Sergiu CHIRCA (Moldova) - returned home after one year at 

the Arthur D. Little School of Management, Boston, Massachusetts 

(USA), with another certificate and lots of experience to 

work as Head of the International Department of Energbank 

(78, Alecsandri Str., Chisinau, MD-2012, Republic of Moldova, 

tel.: +373 2 - 276028; fax: +373 2 - 544 379, e-mail: 

chirca@energbank.com). 

Rasuljon KHUDOIDODOV (Tajikistan) - has changed his job and 

is working now as Head of Deposit Operations and Plastic Cards 

Department of OJSC „Orienbank“(95/1 Rudaki Ave., Dushanbe, 

Tajikistan, 734001, tel./fax. +992 372 - 21 12 28; e-mail: 

krasuljon@hotmail.com or rasul@orien.tojikiston.com). 

Arjana ZYLAJ (Albania) - is working as Credit Development 

Manager for the USAID project „Albania Small Business Credit 

and Assistance Program“. Arjana‘s daughter Dea is growing 

fast, she is already 3 and a half years old (see the picture below). 

Arjana‘s address is: Rr“Mine Peza“, Pall. 194, Shk.2, Ap. 13, 

Tirana, Albania; e-mail address: arjanazylaj@excite.com. 

Maqsoud ODINAEV (Tajikistan) - National Program Coordinator, 

International Trade Centre, Regional Trade Promotion Program in 

Central Asia, RER 61/85, 734013, #106, Drujba Narodov Street, 

Dushanbe, tel: +992-372-24 62 65, tel/fax: +992-372-21 98 70, 

e-mail: maqsoud_itc@tajnet.com / maqsoudo@yahoo.com 

Lilia PIESSNEGGER-KARTSCHEVSKAJA (Belarus) - is now studying, 

in German, at the Graduate School of Business Administration 

in Zurich. Her e-mail: lilia.piessnegger@freesurf.ch 

Andi ZISI (Albania) - having returned from the private sector is 

now an Advisor in the Tax Administration. Andi can be contacted 

by e-mail: andilor@yahoo.com and he‘ll be happy to hear 

from JVI friends. 


Paata GIORGASHVILI (Georgia) - having successfully completed 

a two-year postgraduate program at the Institute for Advanced 

Studies in Vienna, he returned to Georgia last summer where 

he works as head of Foreign Exchange Risk Management 

and Operations Controlling Division. His e-mail address is: 

pgiorgashvili@nbg.gov.ge; telephone/fax number: +995 32 

999 866. 


HE ZIYUN (China) - shared lots of good news with us, which 

made the year 2002 very special for him and his family. He Ziyun 

completed a Ph.D. in Finance from the Graduate School of the 

People‘s Bank of China, received a title of Associate Professor 

at the School of Finance and Banking, the University of International 

Business and Economics, spent four months as a visiting 

scholar at the University of Wisconsin in Madison, United States, 

and published his first book „The Boundaries of Commercial 

Banking: Economic Function and Institutional Costs“. He also 

established his own website http://www.heziyun.com and started 

to publish his own weekly newsletter „Weekly Research 

on the Management and Supervision of Commercial Banks.“ 

Congratulations on all these achievements! His e-mail address 

is: Heziyun@heziyun.com. 




Jaroslav BREZINA (Czech Republic) - has just completed the first 

semester of an MBA program at Baruch College, City University 

of New York, where he is majoring in finance and investment. 

Jaroslav can be contacted at: jaroslavbrezina@yahoo.com 

Alexander GOMIASHVILI (Georgia) and his wife Oksana FEDO- 

SEYEVA (Kazakhstan) - are back in Tbilisi after spending 2 years 

in the United States, where Sandro was completing his MBA. 

Sandro is now working for PA Consulting Group, a multinational 

management consulting company. Oksana is currently taking 

a Georgian course. Their telephone number is: +995 99 15 96 

63; e-mail address: algomiashvili@hotmail.com 

Congratulations to Victoria KHARA (Ukraine) and Slava BESKOSTY 

(Belarus) on the birth of their baby daughter, Anna Maria, last 

year. Anna Maria was born on 3rd July, which is Independence 

Day in Belarus. Vica‘s e-mail address is: khvictoria@yandex.ru 

and Slava‘s e-mail address is: econ@witrusland.com 

Zarema KASENDEYEVA (Kyrgyz Republic) - is back in the USA as 

Visiting Associate at the Department of Economics (Macroeconomics) 

at Indiana University, Bloomington, Indiana. She can be 

contacted at the following addresses: postal address: 2451 East 

10th Street, Apt. 1107 A, Bloomington, IN, 47408; by e-mail 

at zkasende@indiana.edu or at zaremak@yahoo.com; and tel: 

+1-812-857 6870 (Indiana, USA). Zarema reports that she is 

busy with her personal web page < ameraz.host.net.kg >, with 

lectures at the Kyrgyz-Russian Slavic University and International 

University of Kyrgyzstan (master‘s degree program), as well as 

with CIFRA (Center for Information, Financial Research and 

Analysis). From June 2003 she expects to be in Moscow where 

she will conduct research on economic security issues. 

Natalia KUPETS (Ukraine) - is now settled, with her family, in 

Buenos Aires, Argentina. Natalia heads the foreign trade department 

of an import-export company and is also Director of 

D.N. Argentina SRL < www.dnargentina.com >. Contact Natalia 

by e-mail: n_kupets@hotmail.com 

MA NING (China) - having completed his MBA in London, is now 

Securities Analyst, Global Investment Research for Goldman Sachs 

(Asia) L.L.C., 63/F Cheungkong Center, Central, Hong Kong, tel: 

+852-2978 1677. e-mail: maningpbc@hotmail.com 

Pavol POPP (Slovak Republic) - is attending a 1-year full-time 

course at London Business School (Masters in Finance - MSc 

- MIFFT 2003). Postal address: Room 527, Lillian Penson Hall, 

Talbot Square, London W2 1TT, United Kingdom; tel: +44- 

(0)7957-161771, e-mail: PPopp.mifft2003@london.edu 

Anna Maria 

Applied Economic Policy Course (AEP) No. 1: 

Mareta GEVORGYAN (Armenia) - a hard but fruitful year in 

Berlin has brought Mareta her MBA, together with the title „The 

best student of the year“ which she celebrated in December. 

Another reason for celebration was her marriage that took 

place two weeks before her graduation! Mareta‘s family name 

has changed to Mareta Stüwe, and her new e-mail address is 

stuewe-m@web.de. 

Alexei NIKIFOROVICH (Belarus) - has moved to Moscow to work 

for ZAO Citybank as Trade Product Manager at the E-Business 

Department. The new job is tough but interesting - and so is 

life in Moscow! Alexei‘s new contact details are: 

phone: + 7 095 725 6852 

fax: + 7 095 725 6746 

e-mail: alexei.nikiforovitch@citicorp.com 


Alice BITU (Romania) - Alice recently completed her MA in International 

Political Economy and her thesis, „Financial Sector 

Development in Transition Economies: Challenges in Supporting 

Growth“ at Tsukuba University in Japan. Alice expects to return 

to Romania in March/April. Her phone number in Bucharest will 

be: + 40-21-624 36 06, e-mail: alicebitu@hotmail.com 


Sergei PERAPECHKA (Belarus) won a scholarship from the 

World Bank‘s Joint Japan/World Bank Graduate Scholarship 

Program in summer 2002. Two years ago, Sergei entered their 

Masters Program in Development Economics. Since October 

2002, he has been studying at the University of Sussex. He 

will remain in the UK for one year. His internet based e-mail 

sperapechka@yahoo.com remains unchanged. He will be happy 

to hear from his friends. 


Aigul ALDABERGENOVA (Kazakhstan) is currently in Tokyo, 

Japan, studying for an M.A. degree in Policy Studies (MPS). 

She is participating in the Transition Economy Program of the 

National Graduate Institute for Policy Studies (GRIPS), a program 

established and sponsored by the Japanese Government and 

the IMF. Aigul will be in Japan until October 2003 and can be 

reached by e-mail at: aaigul@hotmail.com. 

Adil OSZHIGIT (Kazakhstan) changed his job and, since November 

2002, has been working as Senior Manager, Monitoring 

and Analysis Division, Strategic Planning Department of the 

CJSC Development Bank of Kazakhstan. His new contact details 

are: Astana Tower, 12, Samal microdistrict, 473000, Astana, 

Republic of Kazakhstan; tel./fax. +7 3172 - 58 02 35; e-mail: 

oszhigit@kdb.kz. 



Wilhelm SALATER (Romania) is proud to report that the management 

of the Romanian National Bank has published the 

English version of a research paper ”Direct Inflation Targeting 

- A New Monetary Strategy for Romania“ that Wilhelm co-authored, 

as NBR‘s Occasional Paper No. 11. The paper is available 

on the NBR web site at: http://www.bnro.ro/En/Pubs/papers/ 

op0102.pdf. In November 2002 Wilhelm participated in a conference 

on exchange rate strategies in the EU accession countries, 

organized by the International Center for Economic Growth in 

Budapest, where he presented his most recent research paper. 

Wilhelm can be contacted via e-mail: wsalater@fx.ro. 

Serghei SPATARU (Moldova) is currently (until middle of April 

2003) in Monterey, California, participating in the Visiting 

Fellows Program of the Center for Nonproliferation Studies at 

the Monterey Institute of International Studies. The program is 

designed to provide participants from the newly independent 

states of the former Soviet Union with extensive training on 

nonproliferation and arms control issues. If you wish to call or 

visit Serghei in the United States, his contact details are: 

801 Wainwright, Monterey, CA, USA 93940, 

tel. +1 831 - 647 6649/3582; e-mail: cguest1@miis.edu or 

sspataru@yahoo.com. 

LE HAI TRA (Vietnam) - is enjoying his studies at the University 

of Boston School of Management where he has been since last 

autumn after being awarded a Hubert H. Humphrey Fellowship. 

He wants to share the website address of the Hubert H. 

Humphrey Fellowship Program: www.bu.edu/hhh. Tra also has 

a new e-mail address: trale138@bu.edu 

Andrey LOKSHIN (Russia) - is now working for Malakut Insurance 

Brokers (founded in 1999) where he is Director of the Development 

Division. He is currently working on a new project for 

automobile insurance. Andrey can be contacted at the following 

e-mail address: aglokshin@mail.ru 

VU MANH HONG (Vietnam) - has recently transferred to the 

International Credit Project Management Unit of the State Bank 

of Vietnam where he is working with NGUYEN VAN LIEU (CC- 

10). Hong‘s e-mail address is: hongvm@fpt.vn 

Congratulations to Stanislav VASSILEVSKY (Belarus) on his marriage 

to Irina last autumn (see below). Stan‘s e-mail address is: 

vassilevsky@yahoo.com 

Congratulations to Tsvetan TSALINSKI (Bulgaria) and Borislava 

PARVANOVA (Bulgaria, AEP 5) who became proud parents of 

a baby boy, born on August 5, 2002. 


Bakyt AITUGANOV (Kyrgyz Republic) - is currently studying for 

an MBA at Oklahoma State University, United States, and hopes 

to graduate next year. Bakyt can be contacted at the following 

e-mail address: bakytaituganov@yahoo.com 

Armen DALLAKYAN (Armenia) - has moved to Moscow where 

he is working as Executive Director of AuditBuch-Service. His 

company has recently started a program on training and consulting 

in international accounting standards for Russia‘s banking 

system. Armen‘s address is: 

AuditBuch-Service 

Leningradsky Prospekt 57 

125057 Moscow, Russia 

His e-mail address remains the same: armendal@yahoo.com 

Congratulations to Gennadiy 

GREBLOV (Ukraine) 

and his wife, Tetyana, on 

the birth of their son, 

Serghej, last autumn. Below 

you can see a picture 

of the proud mother with 

her baby. Gennadiy can be 

contacted at the following 

e-mail address: gennadiy_ 

greblov@hotmail.com 

Stanislav Vassilevsky and his beautiful bride, Irina 


Aida ASATRYAN and Harut GHAZARYAN (Armenia) - following 

the engagement party, reported in our last issue, we are happy 

to announce the wedding which took place in Yerevan on 

August 31. Congratulations! 

Tetyana with her baby son, 

Serghej 



Angela CAJU (Romania) - visited the JVI in January to attend an 

IMF course. Angela would like to use the Newsletter to publish 

the following message: 

Dear friends, 

First of all, Happy 2003 and let us all enjoy it more than all 

the years that have already passed by! Be alive and kicking, as 

they say, and I think it applies even more as we hear only good 

news from our colleagues. Here we are, after more than one 

year after finishing successfully the AEP course at Joint Vienna 

Institute. If so many interesting things and joyful events happened 

during those weeks in Vienna, I imagine that each of you 

has a comprehensive story about the developments ever since. 

An opportunity to share these new experiences, thoughts on 

whatever issue you can think of and good old memories with 

the other participants in AEP 6 is to join our egroup. Just go 

to http://groups.yahoo.com/group/aep6/ and sign in. Most of 

you have already done it and I hope we will continue writing 

from time to time, when we feel like talking .......Hoping to hear 

from you soon, I send you my best greetings, Angela. 

LE CONG DIEN (Vietnam) - is working very hard, as his office 

is preparing to open Hanoi Securities Trading Center as the 

second STC in Vietnam (the first STC in Ho Chi Minh City was 

established in 2000). In addition, Dien has been participating 

in a part-time English program for senior officials held by the 

British Council in Hanoi since 2002. There were some changes 

in his private life, too: in 2000 Dien got married. His little son is 

already 2 years old and is learning to speak - even a few English 

words. Dien sends his regards to all AEP-6 participants and the 

JVI staff! (e-mail: dienlc@ssc.gov.vn). 

Katarina MLINAREVIC (Croatia) - was transferred to the Business 

Cycles and Economic Forecasting Department at the Institute 

of Economics in Zagreb. The department covers forecasting 

movements of various economic indicators and potential shocks 

to the Croatian economy, etc., areas that are extremely interesting 

to her. Her e-mail is still kmlinarevic@eizg.hr. Katarina 

also decided to make her boyfriend, Mijo, the happiest man in 

the world, so they plan to get married on April 26 in Zagreb. 

Congratulations! 

Aleksandr VOITOV (Belarus) - has left the National Bank and is 

now working as Deputy Financial Director at JV Mobile Digital 

Communications, a major mobile (GSM) operator in Belarus. 

Sasha is enjoying his interesting and challenging new job. He 

is applying the knowledge obtained in Kiev and Vienna in his 

everyday activities and would like to thank all the lecturers once 

again. His new e-mail address is alexander V@mdc.by, and tel. 

+375 29 655 66 10. 

Aleksandr VOITOV 

and Olga CHUMAK 

(now VOITOVA) 

are sending everyone 

their warmest 

regards, as they 

are celebrating 

their first wedding 

anniversary. 

Please note that 

the witnesses, Alla 

SAVINA and Ivan 

MIRONENKA, are 

also AEP-6 participants. 

Olga‘s email address at the National Bank of Belarus has 

also changed to reflect her new family name, and is now 

O.Voitova@nbrb.by. 

Jamshed YUSUPOV (Tajikistan) - is sending his best regards to 

everyone, and reminds of his e-mail address - J_Yusupov@n 

atbank.tajnet.com - where he would be most happy to hear 

from you. 

Stanislav ZABOLOTNY (Uzbekistan) - moved to Almaty, Kazakhstan. 

His new email address is: zabolotny.s@pg.com. 


Mher ABRAHAMYAN has been promoted not only once, 

but two times, since he returned to the Central Bank of 

Armenia after the AEP course. He has a new e-mail address: 

mabrahamyan@cba.am. 

Darkhan BEKTELEUOV changed his job and now works for 

Kazakhtelecom, where he has recently been promoted to the 

position of Acting Head of Division. He sends warmest regards 

to everyone. His new e-mail address is: Darkhan.Bekteleuov@ 

telecom.kz. 

Valentina DIMITROVA has a new e-mail address: v.dimitrov 

a@aeaf.minfin.bg; her hotmail address remains the same: 

d_valentina@hotmail.com. 

Florian LIBOCOR left the Ministry of Public Finances to work as 

an analyst at the Romania Development Bank (Group Societe 

Generale). He finds this job very interesting and challenging. 

Even more important is that the results of his analysis and forecasting 

are very much appreciated. Florian‘s e-mail address is: 

florian.libocor@brd.ro. 

Firdavs NAZAROV is currently working as a contracts and 

procurement administrator for Central Asia Republics Natural 

Resources Management Program of the U.S. Agency for International 

Development (USAID). The program implements over 

110 projects in five Central Asian countries in the fields of oil 

and gas, energy, water resources, ecology, education, public 

health, etc. His e-mail address is: firdavs@nrmp.uz. 

Doris SERBAN is still working for the Ministry of Foreign Affairs 

of Romania but is now using the economic skills he acquired at 

the JVI on another continent. He is working in a new position as 

Economic Secretary at the Romanian Embassy in Manila, Republic 

of Philippines. His e-mail address is: romtrade@skyinet.net, 

tel. (63 2) 843 90 14, fax (63 2) 843 90 63. 

Armen UNANYAN now works for the Joint Stock Company 

ArmRusgasprom in the position of Chief Accountant. He says 

Hello and sends best wishes to all his friends. Armen‘s new 

e-mail address is: argfad@netsys.am. 

Youlian VOYNOV won a scholarship from the British Council 

and in September 2002 started his M.Sc. in Economics at the 

University of Manchester. Congratulations! 



After the JVI: Personal Experience 

After reading the article ”The spirit of the JVI“ by Willem Salater, 

AEP-4 student from Romania, in the previous JVI newsletter, I 

feel that although I do not know him personally I actually have 

a lot in common with him. To me, this is just further proof that 

the JVI or, more precisely, the AEP Course, unites its former participants 

in a wonderful spirit of openness and understanding. 

I really enjoy being a part of it. 

The JVI has changed my attitude to life significantly and I am 

absolutely convinced that I would not have become the person 

that I am now without the time at the JVI. Although it may 

sound strange to some people, I don‘t think work and career 

should be sole priorities of life. Right now I also count making 

new friends and spreading the alumnae spirit of the JVI in my 

home country among my priorities. And two visits to the JVI 

as a guest of AEP-7 and AEP-8 participants have deepened my 

understanding of the importance of the JVI in my life. 

became more efficient in using my time, I could spend weekends 

for travel. Planning my travels made me more organized, 

and this is good for other aspects of daily life. During the three 

months of the course, I visited many European cities (some of 

them even twice) among them Budapest, Graz, Venice, Baden, 

Rome, Innsbruck, Salzburg, Munich, and Paris. My friends called 

me ”The greatest traveler at the JVI“. Later on I managed to 

visit many new places, including Bodensee, Naples, and Sicily, 

but in general that was just a repeat of what I experienced 

during the AEP-5. 

I fully agree with Willem, that exploring nature and history-and 

travelling allows one to combine it perfectly--is no less important 

to a full life than understanding macroeconomics. It may 

seem contradictory to the objective of course participation--to 

enhance the skills of policy makers for transition economies--but 

the other activities made me feel more free and independent. I 

learned to value beauty and thanks to visits to many magnificent 

places I have become a romantic at heart. 

When I visited Vienna as a guest, I had that nostalgic feeling 

of returning to the ”golden age“ of the AEP Course. Although 

life at the JVI goes on, you still feel part of the JVI spirit. You 

no longer have to go to classes and other young men and 

women live in our classmates‘ former apartments, walk along 

the corridors, check their E-mails in the computer room, and 

drink beer near to the blue lift, but the JVI feels the same. And 

staff members are no longer just teachers, administrators, or 

officials but have become amiable friends. 

When I meet with former classmates, we discuss our achievements 

but always refer to our time at the JVI with special 

warmth. We all feel that the JVI spirit has managed to create 

such close and friendly relations between us that would be difficult 

to find in many other educational institutions. Since I left 

the JVI, I introduced many friends and colleagues to the JVI and 

several have become AEP students. This is my personal contribution 

to the future development of the JVI. Finally, I would like 

to thank all the JVI staff, teachers and officials for their efforts 

to make our stay in Vienna pleasant and unforgettable. 

The AEP Course played a key role in my becoming a professional 

at the National Bank of the Republic of Belarus where my 

current work involves mostly international co-operation and 

public relations. I have also become an expert in interpersonal 

relations because since I was at the JVI, I enjoy meeting people 

more than ever before, among them participants of other AEP 

Courses with whom I have become good friends. 

The JVI has contributed significantly to my approach to problem 

solving. I remember how difficult it was for me to make 

my first presentation. I decided to volunteer in the group that 

had chosen a presentation on the External Sector, a topic with 

which I was least familiar. But the group helped me and after 

a week of hard work, I had quite a good understanding of 

balance of payment issues. The important thing I learned from 

this experience was that there are no unsolvable problems in 

life. One just has to find an individual and original approach 

and cooperate with others on a finding a solution. Applying 

this principle often helps me in my everyday work. 

At the JVI I also learned better time management. I wanted 

not only to study but also to allocate time to sightseeing and 

to be with friends. I did my best to accommodate everything 

I wanted, so sleeping much less became a habit for me. As I 

Kirill Badulin, National Bank of the Republic Belarus 

Participant of the 5th Applied Economic Policy Course 

Until May I, 2003: 

Erdbergstrasse 186-190, A-1030 Vienna, Austria 

After May I, 2003: 

Mariahilfer Strasse 97, A-1060 Vienna, Austria 

Tel: 43-1/798-9495, Fax: 43-1/798-0525 

E-Mail: jvi@jvi.org, Internet: http://www.jvi.org

Newsletter 15 40631 ID2 - Joint Vienna Institute

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