Vladas Jurgutis Award is a prestigious economic award

Award

An award is something given to a person or a group of people to recognize excellence in a certain field; a certificate of excellence. Awards are often signifiedby trophies, titles, certificates, commemorative plaques, medals, badges, pins, or ribbons...

, once a year granted by the Bank of Lithuania

Bank of Lithuania

The Bank of Lithuania is the central bank of the Republic of Lithuania. The Bank of Lithuania is a non-Eurozone member of the European System of Central Banks...

 and Lithuanian Academy of Sciences

Lithuanian Academy of Sciences

The Lithuanian Academy of Sciences or LAS, founded in 1941 as the Lithuanian SSR Academy of Sciences , as an autonomous, state-subsidized establishment serving as a scientific advisory body to the government of Lithuanian SSR...

. The aim of the Award is to encourage scientific activities in the area of research on Lithuania‘s

Lithuania

Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...

 banking, finance, money and macroeconomics. Award named after the father of Lithuanian Litas

Lithuanian litas

The Lithuanian litas is the currency of Lithuania. It is divided into 100 centų...

, Vladas Jurgutis

Vladas Jurgutis

Vladas Jurgutis was a Lithuanian priest, economist, and professor. As the first chairman of the Bank of Lithuania he is unofficially considered to be the "father of the Lithuanian litas."-Biography:In 1902 Jurgutis graduated from a high school in Palanga and enrolled in the Kaunas Priest Seminary...

.

History

The Bank of Lithuania established Vladas Jurgutis Award in 1997 to perpetuate the merits of academic, professor and the first Governor of the Bank of Lithuania Vladas Jurgutis

Vladas Jurgutis

Vladas Jurgutis was a Lithuanian priest, economist, and professor. As the first chairman of the Bank of Lithuania he is unofficially considered to be the "father of the Lithuanian litas."-Biography:In 1902 Jurgutis graduated from a high school in Palanga and enrolled in the Kaunas Priest Seminary...

, also unofficially considered to be the "father of the Lithuanian litas

Lithuanian litas

The Lithuanian litas is the currency of Lithuania. It is divided into 100 centų...

."

Since 2008, after signing a co-operation agreement, the Award is being granted by the Bank of Lithuania and Lithuanian Academy of Sciences.

The Award

The Award in the amount of LTL 50 000 (approx 14 480 €) is granted for significant works (published scientific articles, theses, monographs, textbooks, etc) in the areas of Lithuanian economy and banking research. Applications for Vladas Jurgutis Award are accepted every year until 1 September. Candidates could be both Lithuanian and foreign scientists, students, researchers and specialists. When nominating a candidate for the Award, the following should be submitted to the Bank of Lithuania:

• recommendation of the natural or legal person that nominates the candidate;
• description of candidate’s life and scientific activity, and list of works;
• works of the candidate for which he/she is nominated for the Award, reviews of the works submitted and feedback on them.

Winners

1997 - Prof. Alfonsas Zilenas for influential works in the fields of banking and finance;
1998 - Stasys Sajauskas and Dominykas Kaubrys for their work Numismatics of the Grand Duchy of Lithuania

Grand Duchy of Lithuania

The Grand Duchy of Lithuania was a European state from the 12th /13th century until 1569 and then as a constituent part of Polish-Lithuanian Commonwealth until 1791 when Constitution of May 3, 1791 abolished it in favor of unitary state. It was founded by the Lithuanians, one of the polytheistic...

;
1999 - Vladas Terleckas for his books and articles published from 1995 to 1999 on the history of Lithuanian banking;
2008 - Arunas Dulkys, Juozas Galkus and Stanislovas Sajauskas for their work Lithuanian Coins.

External links

• Bank of Lithuania
• Lithuanian Academy of Sciences