The International Economics Olympiad silver medalist Valts Vītums-Jaunzems receives a money prize from RTU and RBS


Riga Business School BITL (Bachelor of IT and leadership) student Valts Vītums-Jaunzems today was awarded 1000 EUR by Riga Technical University Rector Leonīds Ribickis and Riga Business School director Jānis Grēviņš. This is to recognize his outstanding international achievements in the International Economics Olympiad.  As a graduate of Riga Technical University Engineering High School, Valts Vītums-Jaunzems last summer participated in the International Economics Olympiad and received a silver medal. At the end of the summer he started his studies in Riga Business School.


The International Economics Olympiad is an annual competition in economics organized for high school students. 217 participants from 44 countries participated in the olympiad and  Latvia was represented by 5 students: Valts Vītums-Jaunzems, Andris Dalbiņš, Jēkabs Gritāns, Roberts Ralfs Vārslavs, and Emīls Šmits. They competed not only individually, but also as a team. Among 44 teams, the Latvians took 4th place and Valts managed to obtain the highest score in the Latvian team  - 18th place. 


Jānis Grēviņš, Riga Business School Director, commenting on Valts achievement says: “Economics is a subject that has many applications. Besides a deep understanding of markets from an academic perspective, the students also develop their analytical thinking and complex problem-solving skills. Valts achievement proves that we have very talented high school students and our task as a business school  is to develop these skill sets even further. Riga Business School’s interdisciplinary approach to curriculum is globally recognized to be the best way to facilitate student success. Combining the intellectual discourse in different subjects develops innovation skills required for international competitiveness". 


To become an International Economics Olympiad participant, the students qualified by winning in regional and national competitions. Valts says  that the preparation lasted for a year. He regularly had individual classes and he has also read an extensive list of literature suggested by his teachers and International Economics Olympiad guidelines. His advice to other motivated high school students who want to participate in this competition is, “to be disciplined because you have to learn a lot. To qualify for the international olympiad, it is important to know the structure of the Latvian olympiad exceptionally well as the competition is huge. Also, it is very important to read materials advised by International Economics Olympiad - a significant part of the olympiads content comes from particularly these materials.”