DGAP-News: Sberbank: Sberbank of Russia Business Breakfast Held at the St. Petersburg International Economic Forum
(firmenpresse) - EquityStory.RS, LLC-News: Sberbank / Key word(s): Miscellaneous
Sberbank: Sberbank of Russia Business Breakfast Held at the St.
Petersburg International Economic Forum
22.06.2012 / 09:48
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Sberbank of Russia Business Breakfast Held at the St. Petersburg
International Economic Forum
21 June 2012, Saint Petersburg - Sberbank of Russia's Business Breakfast
has been held at the St. Petersburg International Economic Forum in
association with the World Economic Forum (WEF). The topic for the event
was 'Old Agenda of the New Government. Chances of Success.' Herman Gref,
CEO and Chairman of the Board of Sberbank, who acted as the moderator,
noted the unprecedented number of members of the Russian Government taking
part in the event - there were eight ministers present.
Before starting the discussion, Herman Gref referred to the findings of a
recent public opinion poll conducted by the VTsIOM All-Russian Center for
the Study of Public Opinion and published by RIA Novosti news service.
Based on the results of the poll, the Russians believe that the new Cabinet
must focus on the social sphere - improve living standards (17%), the
quality of health services (16%), and education (14%), address unemployment
(10%), pension benefits (10%), and youth policy (8%), as well as public
utilities (7%) and social policy as a whole (8%).
Almost 19% of the respondents are convinced that the new government will be
more efficient than the previous one. More than half of the Russians - 56%
- believe that the new Cabinet will be working just as the previous one
did, not better or worse.
Russia's Economic Development Minister Andrei Belousov was the first to
make a speech. He believes the Government's new agenda is based on three
assumptions: no increase in oil production is forecast, there is a growing
need for social sector modernization, and the markets are seriously
affected by the bad news coming from Europe. 'Our top priorities are
business climate improvement, public administration reform and
privatization,' Andrei Belousov said.
An interactive voting session that followed Andrei Belousov's speech showed
that 72% of the participants in Business Breakfast believe that economic
diversification is a prerequisite for improving living standards.
Russia's Energy Minister Alexander Novak said that efforts should be
redoubled to raise investment in new deposits.
'The mission of the Finance Ministry is to ensure macroeconomic
sustainability and elaborate fiscal rules to determine state expenditures
based on simple and transparent principles,' said Russia's Finance Minister
Anton Siluanov. 'We need to distribute the available resources competently
rather than make new injections.'
Transport Minister Maksim Sokolov identified the main objective of his
ministry the following way: 'The main indicators of my performance lie in
the inflows of private investment in each transport segment - there should
be a double-digit growth, if not triple-digit.'
The next interactive voting session revealed two most popular ways to
counteract corrupt practices: to reform the court system and public
condemnation of high-ranking corrupt officials.
Russia's Minister of Communications and Mass Media Nikolai Nikiforov said
that there were two major challenges in the telecoms sector - to close the
digital gap between large cities and smaller settlements and promote
electronic services in Russia.
'The most intense competition in the 21st century is for intellect,' said
Education and Science Minister Dmitry Livanov. 'During the last two decades
we have lost our competitiveness in both education and science. Radical
structural, institutional and substantive reforms are high on our agenda.'
Minister of the Interior Vladimir Kolokoltsev said that he was an
uncompromising opponent of the co-called 'quota system' [the planned number
of arrests or crimes to be resolved] and added that his performance should
be assessed when the citizens and guests of Russia feel safer in our
country.
'The objective of the Government is to achieve a public consensus, and we
shall achieve it,' said First Deputy Prime Minister of Russia Igor
Shuvalov.
'I believe that we have had a very useful discussion,' Herman Gref said
when drawing the results of the event. 'Dear Government members, sorry for
some really hard questions, but we have to meet very demanding
expectations, and we have no time to lose.'
The event was broadcast live by Russia-24 television channel and Sberbank
and RIA Novosti websites.
# # #
Sberbank of Russia
Alexander Baziyan
Public Relations Department
tel. +7(495) 957 5721
media(at)sberbank.ru
OJSC Sberbank of Russia is the largest bank in Russia, accounting for about
27% of the aggregate Russian banking assets and employing about 240,000
people. Founder and major shareholder of the OJSC Sberbank of Russia is the
Bank of Russia holding over 57.6% of the voting shares. The bank's other
shareholders comprise more than 245,000 legal entities and individuals. The
bank has the largest countrywide branch network with 17 regional head
offices and more than 19,000 outlets as well as subsidiary banks in
Kazakhstan, Ukraine and Belarus, a branch in India, and representative
offices in Germany and China. After purchase of Volksbank International in
2012 Sberbank has offices in 9 countries of Central and Eastern Europe.
The bank holds the general banking license No.1481 issued by the Bank of
Russia.
The official website is www.sberbank.ru
End of Corporate News
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Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
E-mail: media(at)sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557
Listed: Foreign Exchange(s) MICEX, RTS
End of News EquityStory.RS, LLC News-Service
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