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Греф Герман
Herman Gref
Chief Executive Officer, Chairman of the Executive Board, Sberbank
Quotes
04.10.2018
Russian Energy Week 2018
Developing Infrastructure for Economic Growth and Improved Living Standards
Over the past 20 years, investment in tangible and intangible assets has switched places. Intangible investments and intangible assets are not easily recognized by official statistics and are virtually uncountable. Creating intangible infrastructure or intangible assets is the main trend driving the economy today
04.10.2018
Russian Energy Week 2018
Developing Infrastructure for Economic Growth and Improved Living Standards
Another important issue that I would like to address is cyber security [...] It’s time to admit that we need to create major infrastructure and a ministry that would control emergency situations in the digital sphere, which affects all infrastructure without exception. This is one of the key trends and challenges of the future
12.09.2018
EEF 2018
Sberbank Panel Session. Education in Transitional World: New Priorities
It is not about the student, rather the way we try to deliver knowledge. How can we deliver it to involve them? This is not that easy, especially for people representing the traditional educational system. We all come from this system. What we have to do now is to redefine ourselves and realize that the educational system that raised us is not perfect. And to work out ways to update it and to think how to create a system that would produce high-quality results on the national scale
12.09.2018
EEF 2018
Sberbank Panel Session. Education in Transitional World: New Priorities
The big problem is that our educational system is not related to the practice. We teach students, and then for 70% they work in a different sphere
12.09.2018
EEF 2018
Sberbank Panel Session. Education in Transitional World: New Priorities
I guess the paradox is that first we do not let children decide themselves, we choose for them. And the educational system supports this. And then, when they face the need to take responsibility for their decisions on where to go working, they realize that they do not want to do what they were taught. As a result, 2/3 of these graduates choose to change profession and suffer for the rest of their lives. They have lost five years of their most productive time
12.09.2018
EEF 2018
Sberbank Panel Session. Education in Transitional World: New Priorities
We have forgotten the employer. And the employer is crucial. When I talk to the heads of universities, I ask: ‘Can you tell me what is our role? Who you teach your students for?’ They will come to me anyway, and you do not ask me who I need. You teach them as you can, then they come to me and face the reality: forget everything you have learnt at the university. It should not be like this. The employer’s role should also be defined, because, in the end, all students dream to work for a certain employer or organize their own start up
25.05.2018
SPIEF 2018
Achieving Strategic Objectives
Unfortunately, if we look at our place in the current rating of efficiency, we can see that we’re way down in 104th place. And the challenges of the digital economy are added on top of this. [...] Not yet having mastered the whole set of traditional methods of effective management, we have to respond to the challenges of the new world, the challenges of the digital era. The answer to these challenges and the solution to the tasks that you have just mentioned can only be a flexible management system
25.05.2018
SPIEF 2018
Achieving Strategic Objectives
The management system must become much simpler, it must become flexible, it must become efficient, and it must be digitalized. The word ‘digital’ is of utmost importance; everything within the government must be digitalized. [...] If the data is in different systems, in different departments, then the synergy effect will not be reached. The system must be unified and there must be a single data stream so that there is unified access for quick decision-making based on the existing data stream. Someone must be the architect of this platform. And the financing system must go through the same hands. It was repeated many times today that we need radical reforms, and we need to move forward very quickly.
25.05.2018
SPIEF 2018
Achieving Strategic Objectives
Our entire government system is focused more on the process than the final product. Officials are not result-oriented. There is such an incredible number of inspection authorities and the threat of having to pay in the most severe way for any mistakes frighten people and the system falls into a stupor. We have built deep wells in the civil service, and coordination between departments is extremely difficult; it can take years. Very little cooperation has been established with the regions. Without destroying the wells, both vertical and horizontal, it will be impossible to talk about the effectiveness of decision-making and implementation.
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
The macroeconomic situation is reasonably stable. Inflation is the lowest it’s ever been in the post-Soviet era – we have never experienced inflation of 2.4%. Unemployment is below 5%, the budget deficit is at around 1.5 percentage points of GDP. At the same time, there is a rule for the budget, whereby all our surplus of petrodollars is put into reserve funds. Government debt is at 15% of GDP, which also indicates that we can used the resources we have garnered to meet set objectives
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
Experts have identified the very high proportion of state-owned companies in the economy and low level of competition as the two key areas impeding the rapid development of our economy
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
Our prospects are rated very modestly. In particular, the IMF’s GDP forecast for the next six years is 1.7–1.5 percentage points. Virtually all independent experts conclude that potential growth rates will be low – around 1.5–2% (the most optimistic forecasts state 2.5%)
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
Technology is a key driver. Today, the entire country is battling it out for a piece of the pie in the new digital GDP
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
Great value is being placed on the possibility of using state guarantees and other special investment contract mechanisms for the infrastructure fund in order to achieve stipulated economic aims
24.05.2018
SPIEF 2018
Transitional World: What Will Tomorrow Bring?
We tried to give the time we live in a name, and we called it a transitional world. We chose this one, because we are already done with our traditional and comfortable world we were so much used to. The world where we were born and, despite our wishes, started our life voyage to the world of the future, the shape of which is yet to be determined
24.05.2018
SPIEF 2018
Transitional World: What Will Tomorrow Bring?
This is a total change in business models. Investments increasingly flow from traditional sectors into digital ones. Traditional companies fail to change their models to catch up with the digital companies. It also concerns people. The key problem is that people keep thinking in linear fashion, while things change exponentially
24.05.2018
SPIEF 2018
Transitional World: What Will Tomorrow Bring?
State institutions are far from being ready. Polarization among states is increasing and even the most developed countries are all the more active in limiting access to technologies despite declaring the opposite
24.05.2018
SPIEF 2018
Transitional World: What Will Tomorrow Bring?
There are three goals we should achieve. The first one is to expand human possibilities. We talk a lot about this expansion, meanwhile digitalization and universal transparency end up gaining total control over people and limit their lifestyle and possibilities in many ways. The second goal is to find protection from threats carried by technologies. The third goal is equitable distribution of produced wealth both within every society and among the countries of the world. Today social inequality is growing in virtually every state