Sberbank Holds a Business Breakfast at St. Petersburg International Economic Forum

Jun 21, 2012

Saint Petersburg, June 21, 2012. As part of St. Petersburg International Economic Forum, Sberbank in association with WEF held a business breakfast Old Agenda of the New Government … What are the Chances for Success? This event was moderated by Herman Gref, CEO and Chairman of the Management Board, Sberbank of Russia. He mentioned the unprecedented number of the Russian Government Members (8 at the same time) attending this traditional Sberbank business breakfast.

Before opening discussion, Herman Gref presented the results of the opinion poll conducted by Russian Public Opinion Research Center (VCIOM) and published by RIA Novosti. According to this poll, the Russians believe that the following social issues should have priority in the work of the new government: improving welfare of citizens (17 %), improving quality of health care (16 %), education (14 %), overcoming the problem of unemployment (10 %), paying more attention to pension system (10 %), youth policy (8 %), housing and communal services (7 %), social policy in general (8 %).

Almost 19 % of Russians believe that the new government will be more effective than the previous one. More than half (56 %) consider that the new Council of Ministers will work neither better nor worse than the previous one.

Andrei Belousov, Minister of Economic Development of the Russian Federation, was the first member of the government to address the participants. He said that the new government agenda is driven by three factors: no increase in oil production is expected; a radical modernization in the social sphere is badly overdue; the markets are significantly affected by the stream of negative news from Europe. “Our priorities are improving the business climate, reforming the system of state governance, privatization,” said Andrei Belousov.

The interactive voting that took place after the address of Andrei Belousov revealed that 72 % of polled participants believe that the diversification of the economy is needed in order to ensure the welfare of people.

Alexander Novak, Minister of Energy of the Russian Federation, declared that, in his opinion, more efforts should be made to attract investments in new fields.

“The mission of the Ministry of Finance is to ensure macro-economic stability and develop budget rules that will allow determining government expenditures based on simple and transparent principles,” believes Anton Siluanov, Finance Minister of the Russian Federation. “We need competent distribution of available resources rather than more budgetary infusions.”

Maxim Sokolov, Minister of Transport of the Russian Federation, defined the primary purpose of his Ministry as follows: “My key performance indicators are in attracting private investments in each of the sectors of transportation – (and increasing them) if not by several times, then by a substantial percentage.”

The next interactive voting revealed that the participants of the event support two most popular methods for overcoming corruption: reforming the judicial system and publicly convicting corrupt high-ranking officials.

Nikolai Nikiforov, Minister of Communications and Mass Media of the Russian Federation, said that he sees two main objectives in his area of activities: eliminating the digital divide between large cities and small population centers and developing electronic services in Russia.

“In the 21st century, the competition is primarily for the intellect,” said Dmitry Livanov, Minister of Education and Science of the Russian Federation. “Over the last 20 years, we have completely lost our competitiveness in science and education. Some radical changes are now in the agenda: structural, institutional and content-related.”

Vladimir Kolokoltsev, Minister of the Interior of the Russian Federation, emphasized that he is an uncompromising opponent of the heavy-handed approach to law and order, and pointed out that the results of reforms in his Ministry will be evident only when the residents and visitors to Russia would feel more secure in our country.

“The objective of the government is to find a public consensus and we will find it,” declared Igor Shuvalov, First Deputy Prime Minister of the Russian Federation.

“I think that this was a very useful discussion,” summarized the event Herman Gref. “The Honorable Members of the Government, please, excuse us for tough questioning but the demands on you are very high and there is no time to lose.”

This event was broadcast on Rossiya-24 TV channel, and Sberbank of Russia and RIA Novosti websites.


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Sberbank of Russia
Aleksandr Baziyan
Public Affairs Directorate
tel. +7 (495) 957 5721


Sberbank of Russia OJSC is the largest bank of Russia that holds about 27 % of the Russian banking assets and employs nearly 240,000 people. The Central Bank of the Russian Federation is the founder and major shareholder of Sberbank of Russia OJSC, owning over 6 % of its voting shares. Other shares are held by more than 245,000 individuals and legal entities. The Bank has one of the largest branch office networks in Russia: 17 regional banks, about 19,000 branch offices and internal structural divisions, as well as subsidiaries in Kazakhstan, Ukraine and Belarus, an affiliate in India, and representative offices in Germany and China. After acquiring Volksbank International in 2012, Sberbank has representative offices in 9 countries of Central and Eastern Europe.

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