DGAP-News: Sberbank: Participants of Sberbank–s business lunch identified major challenges for Russia and Europe

EquityStory.RS, LLC-News: Sberbank / Key word(s): Miscellaneous
Sberbank: Participants of Sberbank–s business lunch identified major
challenges for Russia and Europe

30.01.2012 / 11:03

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Participants of Sberbank–s business lunch identified major challenges for
Russia and Europe

January 27, 2012 Davos (Switzerland) – Participants of Sberbank–s business
lunch held during the Davos forum identified by e-voting the main
challenges for Russia and Europe.

By results of voting the major nine challenges for Russia positioned in the
following order:
1. corruption – 23.8% votes,

2. excessive public sector – 17.5%,

3. outdated political system – 16.2%,

4. low efficiency of authorities – 11.2,

5-6. voting fatigue from current political elites and lack of trust in the
society – 8.8%,
7. disrespect to property rights, distrust in market mechanisms – 7.5%,
8. demographic bay – 3.8%,
9. polarization in the society – 2,5%.

–Top nine– challenges for Europe:
1. large differences among countries in terms of competitiveness and
quality of institutes – 29,4%,

2. leadership and strategic vision deficit – 25.9%,

3. debt and financial crises – 14.1%,

4. reluctance to admit principal errors in creation of the Euro zone –
10.6%,

5. paternalism of the population – 5.9%,

6-7. differences among countries in value systems and high unemployment of
youth – 4.7%,
8. populism of authorities – 3.5%,
9. ageing of population – 1.2%.

Members of the event also evaluated efficiency of Russian and European
authorities on nine-point scale (1 – absolutely inefficient, 9 – extremely
efficient). 27.9% of voters gave –three– points to Russian authorities,
19.1% – –one–, and 17.6% – –four–. The highest points were proposed by 1.5%
of participants. As to evaluation of efficiency of the European
authorities, the majority of votes were for –three– (24.6%), –five– (21.7%)
and –four– (20.3%) points.

# # #

OJSC –Sberbank of Russia–
Public Relations Administration
tel. +7(495) 957 5721
media@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@sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557
Listed: Foreign Exchange(s) MICEX, RTS

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