Sberbank organises business breakfast What to Expect after May 2018? at SPIEF

02.06.2017, Moscow

June 2, 2017, Saint Petersburg – Sberbank held its business breakfast What to Expect after May 2018? at the Saint Petersburg International Economic Forum.

A new presidential term is the start of a new stage in Russia’s development. What vector will be chosen? Are there any alternatives to active reforms? What reforms could help rapidly revive the Russian economy? Participants of the discussion moderated by CEO and Chairman of the Executive Board of Sberbank Herman Gref discussed these, as well as other issues on the agenda related to the new presidential term.

The main speakers of the event were Andrei Makarov, Chairman of the State Duma Committee on Budget and Taxation, Tatyana Golikova, Chairman of the Accounts Chamber of the Russian Federation, Anton Siluanov, Minister of Finance of the Russian Federation, Aleksei Kudrin, Head of the Centre for Strategic Research, Kristalina Georgieva, Chief Executive Officer for the World Bank, and Klaus Schwab, founder and Executive Chairman of the World Economic Forum.

Electronic voting was organised for participants of the business breakfast. When asked what type of economic policy is needed after 2018, almost 80% of the participants voted for structural reforms. Most voters said that the reforms of public governance, judicial and law enforcement systems should be prioritised.

“It is important to change our attitude to mistakes,” said Herman Gref. “Mistakes are an investment that helps us achieve success in the future.”