Welcome to the:

Current Economic and Social Topics International Colloquium CEST 2016

  • Entrepreneurship & Innovations,
  • Financial & Capital Markets,
  • Globalization, Integration & Convergence,
  • Labor Markets & Diversities,
  • Pension Systems & Pension Schemes Reforming,
  • Socio-Economic Growth.
Venue: Tirana/Albania - CREDINS Bank/Hotel Eklips/UAMD
Date: October 27-29, 2016
Language: English

The Colloquium is organized by the Current Economic & Social Topics International Research Association CESTiRA and the Research Team granted by the National Science Centre in the frame of the NSC project No 2013/09/B/HS4/00493 under agreement, cooperation and support of Albanian Socio Economic Think Tank (ASET)



On-line registration is obligatory!

To register for the Colloquium please login to the system and complete the On-line Fees & Services Form.

Delegates will be officially registered upon receipt of this form and the appropriate Colloquium dues.

Participation: Listening to the conference presentations is free of charge.
However, registered participants have to pay a registration fee for access to the conference services.
A variety of conference packages is available at different prices: 50€, 100€, 250€, 300 € and 130 € as well.
Please check section "Deadline and Fees"for details.
Deadline: Regular registration deadline is 20 October 2016.
Please check section "Deadline and Fees" for details.


October, 27, 2016

Venue:  Credins Bank, 8, Vaso Pasha St., Tirana, Albania

13.30-14.00 Registration

14.00-15.00 Conference opening and inviting lecture. Chair: Professor Dorota Witkowska


Mrs. Dorota Witkowska, President of CESTiRA
Mrs. Lauresha Basha, Director of Marketing, CREDINS Bank
Mr.  Nikolin JAKA, Chairmen of Tirana Chamber of Commerce and Industry

Inviting lecture:

Krzysztof Kompa, Warsaw University of Life Sciences, Poland, Dorota Witkowska, University of Lodz, Poland ,
Convergence with European Union: Albanian Dream or Reality.

(How to Measure the Socio-Economic Development)

15.00-15.30 Coffee break

15.30-16.00 CESTIRA General Assembly


October, 28, 2016

Venue: Hotel Eklips, Tirana, Albania

11.00-11.30 Registration

11.30-13.30  Panel discussion. Chair: Professor Barbara Liberda

Kushtrim Braha, Artan Qineti, Ema Lazorcakova, Slovak Univeristy of Agriculture in Nitra, Slovakia ,
Determinants of Albania’s agricultural export: The gravity model approach

Barbara Liberda, Joanna Tyrowicz, Magdalena Smyk, University of Warsaw, Faculty of Economic Sciences, Poland,
Talent workers as entrepreneurs: a new approach to aspirational self-employment

Jose-Maria Montero Lorenzo, University Castila-la-Mancha, Spain, Krzysztof Kompa, Warsaw University of Life Sciences, Poland ,
Changes in the in boardrooms of companies listed on the Warsaw Stock Exchange vs. changes in financial performance of companies.

Aleksandra Matuszewska-Janica, Warsaw University of Life Sciences, Poland, Dorota Witkowska, University of Lodz, Poland ,
Men and Women Wage Differences in Germany and Poland

Mariola Piłatowska , Nicolaus Copernicus University in Toruń, Poland, Aneta Włodarczyk , Nicolaus Copernicus University in Toruń,Poland ,
Decoupling economic growth from carbon dioxide emissions: the evidence from the EU countries.

Dorota Witkowska, University of Lodz, Poland ,
Do the political decisions influence the risk and investment efficiency of pension funds?

Jennifer Foo, Stetson University, USA,
The US Pension System and the 2008 Financial Crisis on US Pension Funds

Gert Dragoshi, University of Lodz, Poland ,
Empirical evidence of real convergence between the countries of the Western Balkans and its trends compared to the economies of the EU27

13.30-14.30 Lunch break

14.30-19.30 Visit to BERAT & sightseeing tour

20.00-22.00 Gala dinner CESTIRA invited guests only


October, 29, 2016

Venue: Aleksandër Moisiu University, 14 Currila St., Durrës, Albania

11.00-11.30 Registration

11.30-13.00 Panel session, summing up discussion and conference closing. Chair: Professor Joannicjusz Nazarko

Beata Szetela, Grzegorz P. Mentel, Stanisław Gędek, Rzeszow University of Technology, Poland,
Dependency analysis between Bitcoin and selected global currencies

Qingyao WAN, Shanghai Lixin University of Finance and Economics, Shanghai, China
The old-age income gap of  informal sector employee: a case of China

Yochanan Shachmurove, University of Pennsylvania (PENN), USA, Krzysztof Kompa, Warsaw University of Life Sciences, Poland, Dorota Witkowska, University of Lodz, Poland ,
Investment efficiency measures of pension savings investments in Poland


Organisers, Committee, Board

Steering Committee

  • Dorota Witkowska, Prof. - the Chair, University of Lodz (Poland), CESTiRA President
  • Prof. Marek Gruszczyński, Warsaw School of Economics, CESTiRA Vice-President (Poland)
  • Prof. Stephan Klasen, University of Göttingen (Germany)
  • Prof. Jose Maria Montero Lorenzo, University of Castilla - La Mancha, (Spain), CESTiRA Supreme Executive Committee Vice-President
  • Prof. Alojzy Nowak, Warsaw University (Poland)
  • Prof. Edward C. Prescott, ASU W.P. Carey School of Business (USA) CEST2015 Honorary Chairman
  • Prof. Yochanan Shachmurove (USA), CESTiRA Supreme Executive Committee Vice-President

Scientific Committee

  • Dorota Witkowska, Prof. - the Chair, University of Lodz, CESTiRA President (Poland)
  • Prof. Nicholas Apergis, University of Piraeus (Greece)
  • Prof. Bolesław Borkowski, Warsaw University of Life Sciences (Poland)
  • Prof. Bozidar Cerovic, President of ASECU, University of Belgrade, Serbia
  • Prof. Gema Fernández-Avilés, University of Castilla-La Mancha, at Toledo (Spain)
  • Prof. Robert W. Dimand, BrokU (Canada)
  • Prof. Leszek Dziawgo, Nicolaus Copernicus University (Poland)
  • Prof. Jerzy Gajdka, University of Łódź (Polska)
  • Prof. Elżbieta Gołata, Poznań University of Economics & Business (Poland)
  • Prof. Marek Gruszczyński, Warsaw School of Economics (Poland)
  • Prof. Jan Jeżak, University of Łódź (Poland)
  • Prof. Barbara Liberda, Warsaw University (Poland)
  • Prof Vesna Karadzic, University of Montenegro, Podgorica Montenegro
  • Prof. Stephan Klasen, Georg-August-University, Göttingen (Germany)
  • Prof. Tadeusz Kufel, Nicolaus Copernicus University (Poland)
  • Prof. Arben Malaj, Luarasi University (Albania)
  • Prof. Andrea Maliqari, Polytechnic University of Tirana (Albania)
  • Prof. Mit'hat Mema, Aleksander Moisiu University (Durres Albania)
  • Prof. Paweł Miłobędzki, University of Gdansk (Poland)
  • Prof. Jose Maria Montero Lorenzo, University of Castilla - La Mancha (Spain)
  • Prof. Joanicjusz Nazarko, Białystok Technical University (Poland)
  • Prof. Kesra Nermend, University of Szczecin (Poland)
  • Prof. Magdalena Osińska, Nicolaus Copernicus University (Poland)
  • Prof. Dorel Paraschiv, Vice Rector, The Bucharest University of Economic Studies, Bucharest, Romania
  • Prof. Krzysztof Piasecki, Poznań University of Economics & Business (Poland)
  • Prof. Jerzy Różański, University of Łódź (Poland)
  • Prof. Yochanan Shachmurove, The City College, The Graduate School and University Center of The City University of New York (USA)
  • Prof. Anna Shostya, PACE University (USA)
  • Prof. Kseanela Sotirofski, Aleksander Moisiu University (Durres Albania)
  • Prof. Małgorzata Tarczyńska-Łuniewska, University of Szczecin (Poland)
  • Prof. Waldemar Tarczyński, University of Szczecin, CESTiRA Vice-President (Poland)
  • Prof. Azeta Tartaraj, Aleksander Moisiu University (Durres Albania)
  • Prof. Grażyna Trzpiot, University of Economics in Katowice (Poland)
  • Prof. Dariusz Zarzecki, University of Szczecin (Poland)

Program Committee

  • Fatmir Memaj, Prof. - the Co-Chair, ASET President (Albania)
  • Dorota Witkowska, Prof. - the Co-Chair, University of Lodz, CESTiRA President (Poland)
  • Stéphane Gagnon, Ph.D., Univesity of Ottawa (Canada)
  • Iwona Foryś, Prof., University of Szczecin (Poland)
  • Gjergji Islami, Ph.D., Polytechnic University of Tirana (Albania)
  • Krzysztof Kompa, Ph.D. - CEST2016 CEO
  • Grzegorz Mentel, Ph.D., Rzeszow University of Technology (Poland)
  • Elton Noti, Prof., Aleksander Moisiu University (Durres Albania)
  • Dominik Rozkrut, Ph.D., Central Statistical Office of Poland (Poland)
  • Azeta Tartaraj, Prof., Aleksander Moisiu University (Durres Albania)
  • Grigoris Zarotiadis, Prof. - Aristotle University of Thessaloniki (Greece)

Board of Editors

  • Prof. Dorota Witkowska - the Chair (International Atlantic Economic Research)
  • Prof. Yuriy Bilan (Journal of International Studies, Journal Economics and Sociology
  • Prof. Bolesław Borkowski (Quantitative Methods in Economics)
  • Prof. Jacek Batóg (Folia Economica Stetinensia, Oeconomia)
  • Prof. Veselin Draskovic (Montenegrin Journal of Economics)
  • Prof. Józef Dziechciarz (Econometrics)
  • José António Filipe (Internationa Journal of Latest Trends in Finance and Economic Sciences)
  • Prof. Joanna Górka (Acta Universitatis Nicolai Copernici)
  • Prof. José Maria Montero Lorenzo (IEB International Journal of Finance)
  • Prof. Magdalena Osińska (Przegląd Statystyczny)
  • Prof. Mariola Piłatowska (Dynamic Econometric Models)
  • Prof. Janina Sawicka (Acta Stientiarum Polonorum, Oeconomia)

Supreme Organizing Committee

  • Dorota Witkowska, Prof. - the Chair, CESTiRA President
  • Gema Fernández-Avilés, Prof., University of Castilla-La Mancha at Toledo (Spain)
  • Krzysztof Kompa, PhD - Warsaw University of Life Sciences (Poland), CESTiRA Executive Vice-President
  • Prof. Andrea Maliqari, Polytechnic University of Tirana (Albania)
  • Anna Jaruga-Kornecka, MSc. - CESTiRA office
  • Anna Szulc, MSc. - CESTiRA PR Officer

Local Albanian Organizing Committee

  • Fatmir Memaj, Prof. - the Chair, ASET President (Albania)
  • Ervin Myftaraj, Prof. - Aleksander Moisiu University (Durres Albania)
  • Gert Dragoshi, Ph.D. Candidate - CESTiRA Liaison Officer (Poland)
  • Farzad Goodarzi, Art. - the Far East attendees support
  • Kleti Karpata, Bank Credins, Chief of Marketing Sector (Tirana, Albania)
  • Ornela Sulce, Chamber of Commerce and Industry (Tirana, Albania)
  • Bora Trajani, Bank Credins (Tirana, Albania)

Abstract Preparation

For presenting authors submission of the abstract is obligatory! Abstract should clearly describe the most important results and conclusions of the problems being solved. Contributions will be accepted for presentations based on the quality of the submitted abstracts.

The following instructions of the abstract preparation apply:

  • abstract must be  composed and submitted   on-line (copy/paste from your word processor is available)
  • length of the abstract body is limited to  2000 characters, including spaces and formattings
  • only Latin and Greek letters are recommended (special characters are also available)
  • simple equations can be inlined
  • give no heading information (title, authors, affiliations) in the abstract body
  • abstract is displayed in the final form in the browser ( WYSIWYG ) and must be verified/corrected by the author on-line as  it will be published as it is without any further edition by the organisers.

You can correct your abstract  on-line at any time. Please refer to abstract composition manual for more details.


Duration of oral presentation,  including discussion, is planned to be:

  • 45 minutes for plenary and invited talks and
  • 15 minutes for contributed talks.

For the oral presentations - the following equipment will be accessible:

  • laptops with XP or Windows 2000 and Microsoft Office Power Point and we prefer presentations on CD or USB flash memory, if presenting author requires something else please contact  organisers
  • digital projector
  • an overhead projector for transparencies.


The maximum size for a poster is format A0 according to the ISO 216 (814mm x 1189mm). The poster board will be full white board. The posters should be displayed during the whole conference. It is mandatory that one of the authors is present at the poster sessions to ensure discussion about the poster that can be held with other participants.

Participants with posters are asked to place the poster sheets to the allotted board immediately after arriving to the conference. A group of organisers will provide help you in any matter and means. Bring your own materials that may be helpful while arranging your poster. Please note that  scotch tape is the proper thing and push-pins are not allowed!

The posters should be removed by Thursday evening, 29 thOctober , 2016. Otherwise it will be removed by the organisers after closing the conference. The poster sheets will be not returned and they can be damaged in this case.



The decision of the deadline and procedure of delivering full papers is made by the organisers of the Colloquim. 

The decision of which journals shall publish the colloquium proceedings will be made by the Colloquium Board of Editors. Submitted papers could be published in followig journals: 

Patrons, Partners and Sponsors

State Patronage

Parliament of Albania
Chairman of the Parliament of Albania HE Mr. Ilir META

The Principal Partner of the Conference

Tirana Chamber of Commerce and Industry
Mr. Chairmen Nikolin JAKA

University Partners


Association of  Economic Universities
of South and Eastern Europe and the Black Sea Region

Aleksander Moisiu University (Durres Albania)
HE Rector Prof. Dr. Kseanela Sotirofski

Luarasi University (Albania)
HE Rector Prof. Dr. Arben Malaj

Polytechnic University of Tirana
HE Rector Prof. Dr. Andrea Maliqari

HIVES - High-Level Innovation for a Value-Driven Exploitation of a Joint S3 in The Adriatic Area is funded under the IPA Adriatic Cross Border Cooperation Programme

Deadlines and fees

All participants of CEST 2016 International Conference have to be on-line registered!




On-time registration: 15-OCTOBER-2016 On-time means: payment within five days after registration and ends on 15 October, 2016 with regular price of registration
Lastcomers registration: after 15-OCTOBER-2016 Last round registration deadline is 26 October, 2016 with regular price of registration and immediate payment
Last-minute registration: after 26-OCTOBER- 2016 Registration during the Conference - fee is more expensive by 30% and cash only

Listening to the conference presentations is free of charge; this form of participation also requires registration and it excludes access to the conference services such as workshops, sessions on the go in conference train, coffee breaks services, lunches & dinners, social events etc.

The authors, presenters, accompanying persons and other users of services provided by the Colloquium have to pay registration fee due to the ordered services. A variety of conference packages are available:

CEST 2016 services:

Package fee

Package specification

Colloquium package A: 50 € Admission to the Plenary Sessions, all parallel symposia and poster session, IT and multimedia equipment for presenting authors, Programme and CEST 2016 Book of Abstracts in on-line form (ISBN marked) CEST 2016 Proceedings (ISBN marked) with on-line maintenance (this does not apply for students), Review of provided abstracts and papers, Participation in workshops and trainings, Conference Kit & Badge (does not include: coffee-breaks, meals, gala and welcome dinners, accomodation, networking, social & turistic events)
Colloquium package AM: 100 € Colloquium package A and:
CESTiRA one year membership, effective also for CEST2017
Colloquium package BM: 250 € CESTiRA Members only rate:
Colloquium package A and:
Refreshments during breaks, Lunch served on each day of the Colloquium, Welcome Dinner on October 27th, Colloquium Ceremonial Dinner on October 28th and Dinner on October 29th; Social events, CESTiRA one year membership, effective for CEST2017 accomodation included
Colloquium package C: 300 € The fee for non-members of CESTiRA Colloquium package A and:
Refreshments during breaks, Lunch served on each day of the Colloquium, Welcome Dinner on October 27th, Colloquium Ceremonial Dinner on October 28th and Dinner on October 29th; Social events, CESTiRA one year membership, effective also for CEST2017

accomodation excluded

Colloquium package N: 130 € Full Conference services for one day with Nobel Laureate lecture (accomodation excluded)



Street Vaso Pasha, No. 8, Tirana, Albania



Credins Bank, one of the three major banks of Albania,  is already recognized in the market as a bank that fairly competes among other banks. Our positioning in the market directly reflects our attitude and service to the clients. We speak your language is not simply a marketing slogan, but rather the definition of our attitude towards the client’s needs. Our mission inherently acknowledges that people are our main competitive advantage. Therefore, the focus of our attention has continuously been the building up of strong and serious teams made up of talented people. We are here to assure our clients, partners and shareholders, business continuity and growth in consistence with their expectations and trust.


Aleksander Moisiu University (Durres Albania)


“Aleksandër Moisiu” University, Durrës (hereinafter AMU) was opened in 2006-2007 academic year and in the first year enrolled a thousand students from almost all regions of the country.

AMU was composed of three main units as follows:

1- Faculty of Education
2- Faculty of Economics and Administration
3- Professional Higher School

Since the beginning of its establishment, AMU has been designed to be a different university. It bases its work on Western best academia practices. Students are at the centre of attention in all activities and processes. Its organization, university life, study programmes, etc., are intended to be similar to those of Western best practices.

AMU in the beginning functioned according to the principles of the European Charter by combining the latter with the valuation of the USCr system. This is done so that the student graduated at AMU can have its diploma readable and recognized in various world countries if further studies would follow or for employment. The institution issues the diploma in Albanian and English and evaluation is expressed by ECTS and USCr system.

Another feature is that it has always been in constant contact with the local community trying all the time to establish collaborative bridges with regional development institutions of Durrës.

In these ten years of experience, AMU has increased the qualitative and quantitative transformation, both horizontally and vertically. Currently, it counts 80 study programmes with additional related profiles in all three cycles, about ten thousand students, 270 academic staff employees as full-time organized into six main units, as follows:

1- Faculty of Business;
2- Faculty of Political Science and Law;
3- Faculty of Education;
4- Faculty of Professional Studies;
5- Faculty of Information Technology;
6- Faculty of Integrated Studies with Practice.



Elbasan Street km 5, (near TEG)
phone: +355 692 044 803
e-mail: [email protected]


Conference General Chair

Conference CEO

CESTIRA Liaison Officer

  • Gert Dragoshi, Ph.D. Candidate, University of Lodz, Poland
    e-mail: [email protected]
    phone:  +48 790 666 079 (Poland)
    phone:  +35 567 376 5489 (Albania)

Conference E-mail: [email protected]

postal address:
Current Economic & Social Topics International Research Association
Prof. Dorota Witkowska, University of Lodz
22/26 Matejki St., 90-237 Lodz, Poland
phone + 48 42 635 52 22
+ 48 42 635 52 32
fax: + 48 42 635 53 05