In 2013, twelve doctoral students from the Graduate Center have successfully finished their study. Ten of them attended the Graduation Ceremony on December 13 in the Schumpeter Hall, together with DIW colleagues, thesis supervisors, friends and family members. The Celebration was accompanied with a violin concert by Benedikt Bindewald and Maria Jadziewicz. The DIW executive board handed over the graduation certificates, followed by the Commencement Speech by Prof. Marcel Fratzscher, Ph.D., President of the DIW Berlin, and the Gradute Representative Speech by Dr. Sindu Workneh Kebede. We congratulate them on their success and wish them a good start with their new jobs!