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IMPORTANT! Information regarding distance education

Dear Students,

Please note that the University of Pannonia will conduct all official communication through the NEPTUN system. For smooth operation, please make sure that the email address entered in NEPTUN is the one you are checking in a regular basis.

Students who are not staying at their permanent or temporary address for the remainder of the semester are kindly requested to keep their notification address up to date on NEPTUN (within 72 hours). Our goal is to seek government assistance to overcome the difficulties in those regions where distance education is not possible.

If you have not done is thus far, please activate your central directory account at, as this ID will provide you access to university systems in the future.

Our lecturers will notify you in what form distance education will take place in the case of their courses, as soon as possible. It is expected that the online courses will be taught through the following educational system, so we encourage you to try:

We recommend and support Skype for secondary group activities. After activating your account with your university email address at, you can join by creating a Microsoft account.

Lecturers may use additional systems that are specific to the course, in this case they will provide additional information.

Please note that the “Special Needs Student Application” in the NEPTUN System is still open!

If you have an infrastructural problem with distance education (e.g. no broadband internet connection at notification address and/or lack of equipment necessary for distance education), please contact us (, (88) 624-000/6245).

It is in our common interest to complete the current semester successfully, therefore we count on your cooperative attitude as well. Please help us disseminating official information to your fellow students as much as you can.

Rector and Chancellor’s joint information circular No. 2/2020. (III.12.)

Rector and Chancellor’s joint information circular No. 2/2020. (III.12.)

  • The rector and chancellor of the University of Pannonia hereby inform the citizens of the University of Pannonia with respect to the state of emergency announced by the Hungarian government on March 11th 2020:
  • Students of the University of Pannonia are not allowed to visit the reading-rooms of the Central Library and Archives (CLA-Veszprém) and of the Georgikon Library and Archives (GLA-Keszthely) starting from March 12th 2020 for an indefinite period of time. To facilitate learning, borrowing books is still allowed but students are advised to contact the library in writing in advance so that the borrowing procedure should be as smooth and swift as possible.
  • Employees of the University are allowed to visit and use the services of the library during the shutdown period.
  • The loan period of books that would expire after March 12th 2020 will be extended until June 30th
  • Students participating in dual study programmes are allowed to accomplish their external pratical training in case their workplace does not prohibit this.
  • Student ID’s validated with a 2019/2020 1st semester sticker will be accepted by transportation services after March 31st 2020 up to 15 days after the termination of the state of emergency caused by the virus outbreak.
  • Personal office routines concerning study matters are temporarily The Neptun system is continuously fully operational. Our Directorate of Academic Affairs is available for all students for office routines via telephone and on line.

March 12th 2020. Veszprém

Dr. András Gelencsér

Zsolt Csillag

Rector and Chancellor’s joint decree

Rector and Chancellor’s joint decree No. 1/2020. (III.11.)

The rector and chancellor of the University of Pannonia hereby issue the following decree with respect to the state of emergency announced by the Hungarian government on March 11th 2020:

  • We order a special break for teaching activities for the days of Thursday and Saturday, March 12-14th 2020.
  • We order a special spring break between March 16-21th. We call our students not to travel abroad during this spring break if possible but they are to stay at their places of residence.
  • Students are not permitted on campus starting from March 12th 2020 until the withdrawal of the current order.
  • Student with a Hungarian citizenship are to leave the dormitories not later than 16:00 o’clock on Friday, March 13th 2020.
  • International students are permitted to continuously stay in the dormitories.
  • In the upcoming days, the leadership of the university will determine under what circumstances and in what forms teaching is permitted to commence starting from March 23rd 2020.
  • All faculty and staff of the university are to continue their work on campus.
  • Starting from today, no event on the university campuses regardless of the number of participants will be permitted to take place until further notice, all previously issued permits for any events are hereby withdrawn.

March 11th 2020, Veszprém

Dr. András Gelencsér

Zsolt Csillag

Future of finance – press release

Future of financeUniversity of Leeds press release – 26 May 2016

Europe’s financial sector to expand amid low growth and rising inequality

Europe faces a decade of low growth, rising inequality in income and wealth, and decline or stagnation in workers’ wages.

A wide-ranging survey of 50 business school economists about the future of financial services in Europe also found that the unregulated growth of the so-called ‘shadow banking’ (or non-bank financial) sector could cause another 2008-style financial crisis in the next five to ten years.

The economists were asked to make predictions on subjects including the future role, structure and regulation of the financial sector; the impact of the sector on society; growth and inequality in Europe; and the future remit and responsibilities of the European Central Bank (ECB) and of the central banks of developed countries.

The survey, part of the Financialisation, Economy, Society and Sustainable Development (FESSUD) research project led by the University of Leeds, found that the benefits of growth and employment of the financial system had been greatly overestimated prior to the 2008 financial crisis.

While Europe’s financial system would remain the same or grow in the next five to ten years, this would not translate into wider economic growth. Growth in the euro area is forecast to remain below 2% and rising unemployment, welfare cuts and austerity will contribute to greater inequality in society.

The economists also predicted that there would be a slight or significant increase in inequality in income and wealth distribution in developed countries in the next five to ten years, while wage income as a share of Gross Domestic Product (GDP) would fall or remain unchanged.

Future of financeProfessor Malcolm Sawyer of Leeds University Business School, project leader of FESSUD, said:
“The survey portrays a financial services sector in Europe continuing to grow, but with the benefits for the citizens of Europe being limited and likely negative. The person in the street will continue to see rising inequality, stagnating wages and sluggish growth, and the financial sector will continue to act as a drag on sustainable growth.

“The findings on the growth of shadow banking in Europe are particularly concerning. As banks are further regulated, shadow banking will continue to grow with, at best, loose regulation. This along with the inherent fragilities of the financial system will increase instability and contribute to the next financial crisis.

“The messages are clear: there has to be fundamental reforms of the financial sector, its scope and influence. It is time for the financial sector to serve society, and not society serving the interests of the financial sector.”

The survey shows that the role of the ECB is expected to change, with economists predicting that it would encompass generating real economic growth in addition to its chief objective of maintaining price stability in the Eurozone. This broadening would be mirrored in the role of national central banks, which will also focus more on financial stability as well as inflation price stability and economic activity. There was consensus that the central banks of developed countries would retain inflation targets of around 2%.

FESSUD is a €10m research programme funded by the European Union and led by Leeds University Business School and involves 14 business schools in Europe and South Africa. The project has examined the dominance of the financial system over other parts of the European economy in the last 30 years and suggests reforms to support economic, social and environmental sustainability.

Key findings of the Future Expansion and Proliferation of Finance Delphi survey include:

  • The ‘shadow banking’ sector will expand due to poor regulation and as banks seek to avoid the impact of tighter regulations by conducting more activities off-balance sheet. This may lead to instability and a financial crash in the next five to ten years
  • The number of small, locally-oriented savings banks and co-operatives will continue to fall or will be encouraged to adopt the business models of private banks
  • Household savings rates will remain the same or be slightly higher than savings rates which were registered before the financial crisis of 2008
  • The revival of household lending, mainly through mortgages, will pose a moderate or significant risk for the financial system

Paper author Jesus Ferreiro, University of the Basque Country, and Professor Giuseppe Fontana of the University of Leeds, said: “The finance industry has not learned the lessons from the global financial crisis, and deep reform is needed to make it more economically, socially and environmentally sustainable.”

Professor Malcolm Sawyer is available for interview. Contact Guy Dixon, Communications, University of Leeds, on: 0113 343 1028 or 07954 277 539 or
A copy of the paper ‘The Future Expansion and Proliferation of Finance’, by Jesus Ferreiro, Carmen Gomez and Jon Landeta, is available upon request.

FESSUDNotes to editors
Financialisation, Economy, Society and Sustainable Development (FESSUD) is a research project investigating the growth and impact of the financial system in Europe which suggests ways that the system might be reformed to support economic, social and environmental sustainability.

FESSUD is funded by a near €8m grant from the European Commission. The partners are: University of Leeds (UK, lead partner), University of Siena (Italy); School of Oriental and African Studies (UK); Fondation National de Sciences Politiques (France); Pour la Solidarite (Belgium); Poznan School of Economics (Poland); Tallin University of Technology (Estonia); Berlin School of Economics and Law (Germany); University of Coimbra (Portugal); University of Pannonia (Hungary); National and Kapodistrian University of Athens (Greece); Middle East Technical University, Ankara (Turkey); Lund University (Sweden); University of Witwatersrand (South Africa); University of the Basque Country (Spain).

Knowledge Management course by Prof. Bratianu in September 2015

Prof. Dr. Constantin BratianuProf. Dr. Constantin Bratianu is professor of Strategic Management and Knowledge Management at the Faculty of Business Administration, Bucharest University of Economic Studies, Romania. He is Director of the Research Centre for Intellectual Capital, same university. He obtained his Ph.D at Georgia Institute of Technology, Atlanta, Georgia, USA. He is a member of the American Academy of Management, USA, and International Association of Knowledge Management. He has been Visiting Professor at universities in USA, Japan, Austria and Egypt. He is a member of the Scientific Committee of the European Conference of Knowledge Management. He published over 30 books, and over 200 papers in international journals and international conference proceedings. His main academic interests are: knowledge dynamics, knowledge management, intellectual capital, and strategic management.

In Prof. Bratianu’s course (21st-25th September 2015) the students can learn about the theory and practice of knowledge management and relating approaches including:

Knowledge economy. Knowledge management. Understanding knowledge by using metaphors. Explicit and tacit knowledge. Nonaka’s model for knowledge dynamics. The multifield model for knowledge dynamics. Emotional knowledge. Spiritual knowledge. Knowledge creation and acquisition. Knowledge sharing. Organizational learning and learning organization. Intellectual capital.

The textbook for the course is: Bratianu, C. (2015). Organizational Knowledge Dynamics: Managing Knowledge Creation, Acquisition, Sharing, and Transformation. Hershey, PA: IGI Global. ISBN: 978-1-4666-8318-1

This course invites bachelor and master students of the Faculty of Business and Economics and ERASMUS students of University of Pannonia.

The Knowledge Management [Tudásmenedzsment in the Neptun] (VEGTVESV44T) is free of charge for the students and 6 credits can be obtained.

In case of any question please feel free to contact Dr. Anikó Csepregi (; building A, 1st floor, office A129c) at the Department of Management, Faculty of Business and Economics.

Read the latest Newsletter magazine

Newsletter Vol. 7. No. 1. 2014/15/II. NEW!

The latest issue of the Newsletter magazine has been published.

The Newsletter is available in the Centre of Marketing and International Relations and electronically here.

Browse the previous issues here.

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