Daily Programme
"Global Finance: Contemporary Settings"

09.15 – 09.30

Opening

09:30 – 16:00

Presentation: “Public Finance: New Trends and Contemporary Approaches”

Professor Grigor A. Akhinov, Lomonosov Moscow State University

09:30 – 09:45
Introduction (Public Finance Mission)

09:45 – 11:00
Public Finance – definitions, statistical indicators and new trends

  • public financing, production and distribution of public and merit goods
  • main complementary ways of coordination of economic activity (market and state)

11:00 – 11:30
Coffee break

11:30 – 13:00
Functions of Public Finance in the modern market economy

  • stabilization function (macroeconomic equilibrium)
  • resource allocation function (fiscal illusion, public debt and methods of its coverage)
  • income distribution function (income distribution and public stability)

13:00 – 14:15
Lunch

14:15 – 15:45
Public Choice Theory (non market method of public finance allocation)

  • identification and aggregation of consumer preferences for public and merit goods in the conditions of a direct and representative democracy
  • decentralization decision-making and issues of public finance efficiency

15:45 – 16:00
Coffee break

16:00 – 17:30

Presentation: “Negative interest rates and banking business”

Dr. V. Ostrovski, Advisor to the CEO of RCB Bank Ltd

19:30 – 22:30

Welcome Dinner for All Participants

08:00

Depart to Nicosia

10:00 – 11:00

Visit to the Presidential Palace

Meeting with the First Lady of the Republic of Cyprus Mrs Andri Anastasiades

11:30 – 14:00

Visit to the A. G. Leventis Gallery

  • Gallery Tour
  • Round Table related to the topic of Cyprus reunification
    • Presentation and Discussion: “The Cyprus Problem and Interethnic Reconciliation”
      Dr. Marilena Zackheos, Assistant Professor, University of Nicosia
    • Presentation: “In Search of Missing Persons in Cyprus”
      Ms. Sevgul Uludag, Investigative Journalist, YENİDÜZEN and POLITIS newspapers

14:00 – 15:00

Lunch

15:00 – 19:00

Cyprus Museum Tour, Nicosia Walking Tour

19.00

Depart to Limassol

09:30 – 16:00

Training: “Effective Communication Management”

Vladislav Tchoubarov, President of Integrative Psychology Institute

09:30 – 09:45
Introduction

09:45 – 11:00
Part 1: Relationship Building
Effective relationship building is a basic competence for developing strong connections with colleagues, subordinates, managers, and peers

11:00 – 11:30
Coffee break

11:30 – 13:00
Part 2: Decision making
Decision making is an essential skill for an effective person as they have to make major and strategic decisions, both individually and as a group

13:00 – 14:00
Lunch

14:00 – 15:30
Part 3: Emotional Intelligence and Stress management
Emotional intelligence in all life aspects is a key to being an effective and high-performing person

15:30 – 16:00
Coffee break

16:00 – 17:30

Presentation: “The Banking Business: Contemporary Trends and Perspectives”

Demetra Ellina, Advisor, RCB Bank Ltd

16:00 – 16:45
Introduction

16:45 – 17:30
CAMEL: a rating system for financial institutions

  • “C” is for Capital (stress tests and many other things)
  • “A” is for Assets (decreasing intervention and the elephant in the room)
  • “M” is for Management (the importance of the “tone at the top”)
  • “E” is for Earnings (without profits there is nothing)
  • “L” is for Liquidity (solid banks that are liquid)

Governance: by example and comparison

19:30 – 23:00

Dinner for All Participants with Vladislav Tchoubarov

09:30 – 16:15

Presentation and Discussion: “The European Financial System”

Professor Alojzy Z. Nowak, University of Warsaw

09:30 – 09:45
Introduction

09:45 – 11:00
The European Financial System before and after Brexit

11:00 – 11:30
Coffee break

11:30 – 13:00
Workshop and Discussion: European and Global Financial System

13:00 – 14:00
Lunch

14:00 – 15:30
Workshop and Discussion: European and Global Financial System

15:30 – 16:15
Coffee break

16:15 – 17:45

Presentation: “The State and the Market”

Professor Sofronis Clerides, University of Cyprus

9:30 – 12:45

Presentation and Discussion: “Artificial Intelligence, Robots and Fintech: Opportunities or Disruption"

Sir Christopher Pissarides, Regius Professor of Economics, London School of Economics Political Science

9.30 – 11.00
Introduction

11:00 – 11:15
Coffee break

11:15 – 12:45
Discussion

13:00 – 14:00

Lunch

14:30 – 16:00

Discussion

All Summer Programme Participants

13:00 – 14:15

Lunch

14:15 – 19:30

Tour Programme

Upon successful completion of the knowledge-rich curriculum participants will have a unique opportunity to explore the deep history, natural beauty and cultural treasures of Cyprus.
The students will visit and enjoy:

  • Troodos Mountains
  • Omodos Village

19:30 – 21:30

Dinner

12:00 – 14:15

Tour Programme

Today Economic Summer Programme participants will discover the must-see attractions in Cyprus. This tour will take students to following beautiful places. Have your camera ready!

  • Kolossi Castle
  • Kourion
  • Aphrodite’s Rock
  • St. Neophytos Cave
  • Tombs of the Kings

14:15 – 15:30

Lunch at Paphos harbor

15:30 – 17:30

Tour Programme

  • Paphos Mosaic

19:30 – 22:30

Farewell Dinner for All Participants