THE MISSION OF THE FACULTY
To unite professionals in Economics and Management, who develop studies and science of international standards and contribute to innovation and entrepreneurship.
THE VISION OF THE FACULTY
Leadership in Economics and Management Sciences and Studies.
THE STRATEGY OF THE FACULTY
THE HISTORY OF THE FACULTY
The Faculty of Economics Sciences was established on the 1st of September, 1940, when the government of Lithuania, occupied by the Soviet Union at the time, decided to found the Faculty of Economics Sciences by dividing the Faculty of Law into two: Faculties of Law, and Economics Sciences. The newly established Faculty of Economics Sciences, led by the Dean A. Rimka, had seven departments: Marxism-Leninism, Political Economy, Finance and Credit, Statistics and Financial Mathematics, Economic and Social Policy, Corporate Economics and Accountability, Cooperation.
During WWII, in 1943, Vilnius University was closed down. In autumn of 1944, the University was restored, and prof. Jonas Bučas was assigned the Dean of the Faculty of Economics Sciences. Later, he became the Rector of VU.
After the restoration of independence of Lithuania, Vilnius University had three related faculties: Faculty of Commerce (Dean assoc. prof. B. Čereška), Faculty of Production Economics and Management (Dean assoc. prof. V. Grigoras), Faculty of Economics Cybernetics and Finances (prof. dr. J. Mackevičius). In 1991, according to the new Statute, the former economics faculties were merged into one Faculty of Economics. Since 1991, the Faculty was led by Deans prof. S. Martišius, prof. B. Galinienė and prof. J. Martinavičius.
Three years ago, the faculty changed its name to the Faculty of Economics and Business Administration to emphasize the significance of two core activity areas – economics and business management.