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June 2017
18 June
Briefing

BUILDING EFFICIENCY IN ESSENTIAL STATE-OWNED ENTERPRISES

12:30-13:45 Pavilion 5, Conference Hall 5.3
Enhancing the efficiency of systemically important state-owned enterprises (SOEs) is a vital element of Russia’s economic reform initiatives. SOEs must adapt to the new economic environment, and adjust to fast-moving market conditions and potentially disruptive technologies. Cutting costs, alongside improving the quality of services, is important for boosting efficiency amid rising competition. What further steps should Russia’s principal SOEs undertake to drive performance?
Moderator:
Gleb Bryansky, Head of Economic Division, Russian News Agency TASS
Panellists:
Mikhail Evraev, Deputy Minister of Telecom and Mass Communications of the Russian Federation
Seiki Fukuda, Executive Vice President, Japan Post Co., Ltd
Bishar Hussein, Director General, UPU International Bureau
Dmitry Strashnov, General Director, Russian Post

Highlights

We need the government to liberate the potential of post offices, the respective legislation should be adopted. After that we will not fear competition.

Bishar Hussein
Director General, UPU International Bureau

Postal service is a business. If the postal system fails to become a competitive business and does not make money for investing in its infrastructure, it cannot develop.

Dmitry Strashnov
General Director, Russian Post

Definitely post is a business, but a socially responsible business. This is very important considering the significance of Russian Post for the country as a whole.

Mikhail Evraev
Deputy Minister of Communications and Mass Media of the Russian Federation

Today, Russian post offices are just a 5 minutes’ walk away from people. About 50% of the people have bank accounts. Accordingly, the other 50% do not keep money in a bank, so that money is not working for the country’s economy. There is money in the country. Only Russian Post can reach it with the help of a postal bank.

Dmitry Strashnov
General Director, Russian Post

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