Project Management, a compulsory course in the fifth year of the

Management course, is recognized by the International Project Management

Association (IPMA), a non-profit consortium of 72 associations

operating worldwide in collaboration with experts, organizations,

government agencies, and universities to develop the necessary

project management competencies, and the profession as a

whole. As of this year, the course is included in the IPMA Education

& Training Registration System (IPMA REG system), a global network

of quality courses/programs in the field of project management,

and the IPMA scheme of continuous professional development

to be competitive in the labor market, as well as the CPD hours

required for the certification process according to the IPMA 4-LC

and Agile system.

How important the area is today was pointed out by Prof. Mislav

Ante Omazić, Ph.D., co-holder of the course Project Management:

“Projects are very likely an organizational form that students will encounter

at the beginning of their professional work, however and wherever

their career develops in the future. Namely, we live in a world of

increasingly complex business problems, the solution of which requires

various specific competencies that can only give sustainable results

through synergy."

On July 9, 2020, the IPMA REG Vice President for Professional Development

Prof. Mladen Vukomanović, Ph.D., Vice Dean for Strategic

Partnerships and Projects Assoc. Prof. Sanja Sever Mališ, Ph.D.,

and co-lecturer in the course Project Management Assist. Prof. Rebeka

D. Vlahov Golomejić, Ph.D., presented the IPMA REG certificates

to the first generation of students who participated in the registered

Project Management course and managed a portfolio of projects

intended to create business opportunities for the residents of

the Republic of Croatia in order that they don't need to look for the

future abroad.

According to Professor Vukomanović, the students of the Faculty of

Economics & Business have thus taken the first step towards professional

development in the field of project management and become

part of the international IPMA family.


Our students' experience:

“Project management is an essential part of every part of our lives. It was an amazing opportunity to be a part of this course and

learn as much as we could through real-life practice.” (Martina Radanović, portfolio manager)

“I am extremely grateful to have been a part of this course that gave me insight into working with interesting new people and taught

me how to deal with short project deadlines. We overcame all disagreements during teamwork and, guided by a common goal, we

managed to turn our ideas into a successful portfolio, which resulted in new, wonderful friendships.” (Gabriela Gaiser, Program


“Project management was an excellent course. The combination of the theoretical and practical part was perfect. Thanks to our excellent

professor and her encouragement to contribute to a particular project, I have noticed great improvements in terms of critical

thinking, teamwork, and time management.” (Mirela Hećimović, Program Manager)

“The whole course is very exciting because you never know what to expect while the project is going on. It makes a significant contribution

to the project management process and I recommend it to anyone who has an interest in the topic.” (Matija Jurčić, project

team leader and member)

“Skipping steps is a common practice when someone organizes projects within a student association. The Project Management course

showed me how to set up a project properly and make it easier to monitor its success. I believe that the organization of teaching

through practice should be applied more often in other courses, and the course Project Management would certainly be useful to attend

in the earlier years of study." (Dario Varošanec, leader and member of the project team)

"Working on this project has given us a different, more dynamic approach to mastering the curriculum. This type of project has replaced

outdated book teaching with work on interesting tasks and responsibilities that we could only solve with good teamwork. With

this project, we gained new friendships, but also a sense of the business world that awaits us after we replace the university chairs

with office ones.” (Krešimir Štruk, project manager and member)

"Teamwork is a dream job. That’s exactly how I felt during class. I really liked how we all worked together toward the same goal. The

project has shown us that nothing ever goes smoothly and that we need to learn to work on overcoming obstacles and come up with

new ways to make it happen. We have gained great skills, knowledge, and experience for the real world. I am glad to have been a part

of it.” (Klara Dragišić, project team leader and member)


The announcement of the winners and the awarding of prizes as

part of the competition in presenting in foreign languages for firstyear

students of the Faculty of Economics Organize Your Talk 2020

was held online this year (July 3), just like the competition itself.

The ceremonial proclamation and award ceremony were conducted

by Ms. Višnja Kabalin Borenić, Ph.D., one of the organizers of the

competition, and Ms. Drijenka Pandžić Kuliš, Head of the Department

of Business Foreign Languages. All present were greeted by

the Vice Dean, Assoc. Prof. Sanja Sever Mališ, Ph.D., who on that

occasion delivers congratulations to the winners and organizers. On

behalf of the partners, Ms. Judita Cuculić-Župa, Senior Economic

Advisor of the Representation of the European Commission in the

Republic of Croatia, addressed the words of praise for the entire

project, and especially for the presentations that won favor both the

jury and the audience. Ms. Brankica Bošnjak Terzić, Ph.D., President

of the Association of Language Teachers at Higher Education

Institutions and the member of the jury, presented an expert review

of student presentations and stressed the importance of educational

content that contributes to the development of so-called soft skills.

Prof. Dubravka Sinčić Čorić, Ph.D., a longtime member of the expert

jury also expressed her enthusiasm for what she saw and especially

emphasized that in these difficult times, student presentations,

resulting from the regular teaching process at distance, are a real

refreshment and optimism. She praised all members of the Department

of Business Foreign Languages for their tireless enthusiasm

and innovation.

In the end, the students who won this year's competition - Nika

Matičić and Marko Biljaka - also addressed the audience. In addition

to thanking the jury members, all competitors, their teachers, and

organizers on behalf of their colleagues, they both strongly emphasized

the importance of optimism, motivation, and creativity in

challenging and unusual conditions. They called on all their colleagues

to take a responsible and proactive approach to their own

education and environment, as well as to a commitment to quality

and the highest values as the only guarantee of success and a better


A complete recording of the 30-minute proclamation ceremony is

also available on the OYT 2020 website - online edition.


On July 1, 2020, at the Faculty of Economics & Business - Zagreb,

the Institute of Public Finance presented the results of the sixth

cycle of research on budget transparency of Croatian counties, cities

and municipalities. The audience were greeted by Prof. Jurica

Pavičić, Ph.D., Dean of the Faculty of Economics and Mr. Vjekoslav

Bratić, Ph.D., Director of the Institute of Public Finance. The results

of the research were presented by research leaders Ms. Katarina Ott

and Ms. Mihaela Bronić, and Mr. Stipe Župan, State Secretary of the

Ministry of Finance, Darko Nekić, State Secretary of the Ministry of

Administration, Ms. Martina Furdek Hajdin, Deputy Prefect of Karlovac

County, Mr. Renato Krulčić, Mayor of Pazin and Ms. Anđela

Cirkveni, Mayor of Pušća participated in the presentation.

Budget transparency implies insight into complete, accurate, timely

and understandable budget information. Based on them, citizens

can engage and influence the efficiency of collecting and spending

budget funds, the responsibility of the Government and the authorities

of local units, as well as on the reduction of possible corrupt


The average budget transparency of all 576 local units - expressed in

the number of key local budget documents published on their website

- is 4.1 out of a possible 5. Every year more budget documents

are published, so this year's county average is 4.9, cities 4.5, and

municipality 4. However, despite very good averages and encouraging

trends, about 20% of local units still do not adhere even to the

statutory publication of all three documents, and 41% do not follow

the recommendation of the Ministry of Finance and do not publish

two additional documents.

The recognition of the Institute for the published five budget documents

this year goes to 18 counties, 87 cities and 201 municipalities.

An interactive map with data on all counties, cities and municipalities

has been published on the website of the Institute of Public

Finance. The research was conducted as part of the project Is Transparency

Worth It? Political and socio-economic effects of the transparency

of the budget of local units in Croatia funded by the Croatian

Science Foundation.


The COVID-19 pandemic disease, on the one hand, disrupted many

of our plans, but on the other hand, we were able to reassure ourselves

once again of all our strength, ability, and togetherness when

it was most needed. On July 10, 2020, a thermal imaging camera of

the world's most famous manufacturer Hikvision was installed at the

main entrance of the Faculty, which will help prevent possible negative

effects of the spread of the disease, by measuring the temperature

of all those entering the building. We are grateful to Prof. Darko

Tipurić, Ph.D. for cooperation and assistance in purchasing equipment.

With this, the Faculty of Economics & Business took another step to

a further level of the improvement of the health safety of all visitors,

students, and staff.

As part of the standard preparation for crisis situations, on July

13, 2020, at the Faculty of Economics & Business, under the

command of Prof. Marko Kolaković, Ph.D., and his deputy Mate

Madžar have been successfully conducted a fire drill during

which fire sensors and fire alarm systems were tested. On that

occasion, a demonstration exercise of evacuation and work with

a fire extinguisher was held in the economic yard of the Faculty.


Free education for final year students of economics, but also other

faculties with tax preferences, known as the Summer Tax Academy

2020, was held online for the first time this year due to the COVID-

19 pandemic.

The training took place from July 6 to 10, 2020, and was opened by

the Vice-Dean, Assoc. Prof. Božidar Jaković, Ph.D., Prof. Hrvoje

Šimović, Ph.D., Assist. Prof. Marko Primorac, Ph.D., and Mr. Vasil

Milev from EY Croatia.

The training aimed to further education of students in the field of

taxation, and special emphasis was placed on practical knowledge

with a focus on the EU and domestic tax issues. In addition to gaining

additional knowledge and achieving a higher level of employability,

program participants had the opportunity to get in direct

contact with leading domestic and international experts in tax consulting

with whom they discussed various opportunities for future

cooperation (work, practice, recommendations, etc.).

The professional program of the Summer Tax Academy at the FEB

has been organized by Prof. Hrvoje Šimović, Ph.D., and Assist. Prof.

Marko Primorac, Ph.D., from FEB and Ms. Maša Šarić from EY Croatia.

Lectures and workshops at this year's Academy were held by Ms.

Antonija Buljan, Ph.D., (FEB ZG), Mr. Hrvoje Škrtić from the Tax

Administration and Mr. Robert Heinczinger, Prof. Klaus von Brocke,

Ph.D., Mr. Milen Raikov, Ms. Merima Džaferović and Mr. Vasil Milev,

domestic and foreign EY experts with many years of experience in

the field of taxation.


In strict compliance with all measures of social distancing, the Faculty

of Economics & Business in cooperation with the Croatian

Chamber of Commerce within the Plitvice Holiday Resort in

Grabovac from July 6 to 8 2020, organized the first in a series of

workshops from the CEE WORKSHOP series entitled On Research

Excellence in OM/SCM.

The CEE workshop series is a series of scientific research workshops

aimed at interconnecting, empowering researchers in Central and

Eastern European countries related to the use of the latest scientific

research methodologies, publication of papers, career development

of researchers, and application to European Commission projects.

The workshop is conceived as an informative-educational event in

which researchers will hone some new skills and at the same time

connect with colleagues in the region through socializing and sharing


As part of the workshop, lectures were given by eminent professors:

Prof. Gerald Reiner, Ph.D., from the Department of Information

Systems and Operations at the Faculty of Economics in Vienna; Prof.

Stefan Seuring, Ph.D., from the Faculty of Economics and Business,

University of Kassel; Assist. Prof. Željka Mesić, Ph.D., from the Faculty

of Agriculture, University of Zagreb, and was supported by Clarivate

Analytics (Web of Science) and ProQuest, whose representatives

actively participated in the workshop and presented the latest

achievements and opportunities of the platform.


A new presentation as part of the Brown Bag Seminar via the Google

Meet application was held on July 2, 2020, by Ms. Ria Ivandić, a

postdoctoral researcher employed at the Center for Economic Performance

(London School of Economics). She presented a paper

entitled From Taxes to Polling Booths: The Effect of Economic Policy on


Political experts believe that economic issues are the primary motivating

factor that encourages Americans to vote. Nevertheless, causally

determining the effect of economic policy on voter turnout at

the individual level poses a significant challenge in studying voter

behavior that has not been addressed in the previous literature. This

paper uses an empirical strategy, which allows us to causally determine

the effect of tax policy divergence among candidates on individual

turnout and to clarify how this effect varies among high- and

low-income voters. Using the 2012 U.S. presidential election, empirical

evidence is found that divergence in economic policy among

candidates increases turnout at the individual level. The difference

in the average tax rate of one percentage point in the proposed tax

policies between Obama and Romney increases the likelihood of a

response by two percentage points. Moreover, high-income voters

are 30 percent more likely to turn out than those with low incomes

when faced with differences in proposed tax policies. This effect is

primarily encouraging among Republican voters and voters who

follow news and political scandals.

Ms. Petra Laura Orešković, a doctoral student at the University of

Berkeley, also gave an online presentation on July 16, 2020, as part

of the BBS, presenting the work Media Bias on Television and Its Determinants.

The effects of media bias have been demonstrated to be able to

swing elections in favor of a particular party. This paper investigates

what factors determine the supply of news stories on the three major

U.S. cable news channels — CNN, FOX News, and MSNBC. Using

a novel dataset of chyrons, the text at the bottom of the screen, it

examines what factors contribute to a story from Reuters, a newswire,

being relayed on each of the networks. It introduces a new

framework to investigate media slant, which is conceptualized as the

omission of important information or stories clashing with the political

views of the audience (or the channel). It finds that media bias

indeed manifests itself through the omission of stories that have

political significance and partisan value. The paper also investigates

whether the identified media bias is demand-driven. Using an instrument

for a decline in Fox News viewership on a given day — the


existence of a NASCAR race, as the sport primarily attracts Republican

viewers — it estimates whether a decrease in Fox News’ daily

viewership prompts the network to omit stories harmful for the

Republican party to a lesser extent. It finds that NASCAR races significantly

reduce Fox News’ viewership, but they do not lead to a

change in the network’s omissive behavior.

One of the worst things that can happen to an organization or

institution is the immediate loss of leadership. This rule applies to

everyone, including educational institutions, and when this happens,

the institution/organization often disintegrates and shuts

down. The (Croatian) Economic and Commercial Higher School in

Zagreb found itself in such a situation in the late spring of 1945.

Namely, the collapse of the Independent State of Croatia in the first

days of May 1945 led to a general disintegration that affected the

(C) ECHS. The Rector, Milan Ivšić, Ph.D., and a good part of the

teachers, fearing (correctly or not-correctly) for their own lives,

left Croatia, moving to the West, while part (as the Vice-Rector

Eugen Sladović, Ph.D., Dean Franjo Krajčević, Ph.D., Vice Dean

Ivan Reitter and several other teachers) remained in Zagreb, but

was relieved of all duties by a decision of the new authorities…

because they were appointed during the occupation… and faced the

University Court of Honor. The only official who remained on his

"post" at that time was the secretary of the (C) ECHS, Franjo

Budrović (appointed secretary on 3 April 1945), whose function

was not elective, so he was not subject to the said decision. As the

Faculty had ceased to operate, only Budrović, with a few support

staff, was able to guard the building and inventory (which remained

undamaged after the Wehrmacht left one wing of the

premises) from "unwanted guests". Fortunately, in July 1945, the

Minister of Trade of Democratic Federal Yugoslavia in Belgrade

(under whose legal authorities passed the ECHS, according to the

inherited pre-war administrative system) appointed Prof. Mijo

Mirković, Ph.D., Rector of the ECHS in Zagreb with the authority

to establish the ECHS Reconstruction Commission and appoint a

Dean. Thus, as early as the beginning of August, the Commission

for the Reconstruction of the ECHS was formed, which, along with

Rector Mirković, Ph.D., appointed Dean Šimun Babić, Ph.D., two

full professors, and two assistant professors, also included Secretary

Franjo Budrović. In the same autumn, the renewed Economic

and Commercial Higher School began its work, and a year and a half

later, on March 1, 1947, at XXXIIIrd session of the Council of Professors

of the Economic and Commercial Higher School in Zagreb,

Rector Mijo Mirković, Ph.D., dissolved the Commission for the

Reconstruction of the ECHS, as… it has fully completed its reconstruction

task, and… the Council of Professors now becomes the only

supreme body of the ECHS, elects the rector and the dean (instead

of the octroyed previous ones). Not even a month later, on April 4,

1947, the Government of the People's Republic of Croatia passed

the Decree on the Faculty of Economics of the University of Zagreb,

which transformed the ECHS and it became part of the University

under a new name. It is interesting to mention that with the

"shutdown" of ECHS, the service of secretary Franjo Budrović

ends, and in his place comes, after the abolition of the course

"Diplomatic History", a former assistant and lecturer in that subject,

Eugen Valdec, Ph.D.



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