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Warsaw
2014
EBRD Business Forum
at the Twenty-Third
Annual Meeting of the
EBRD Board of Governors
Changing Economies
Changing Lives
Warsaw, Poland
14–15 May 2014
Welcome toLife is full of ups and downs.
We’re there for both.
Let me be the first to welcome you to Warsaw,
Poland’s largest city, and its cultural, economic
and historic heart. Successful, dynamic,
business-minded, youthful – these are
just a few of the adjectives applied to the
Polish capital, a city which combines old
and new, the historic and the avant-garde,
and which is the backdrop and venue for
the 2014 EBRD Business Forum.
Changing Economies, Changing Lives is
the overarching theme this year, fitting for
a programme of discussion and networking
events that will reflect on the state of economic
and political transition. Over the next few days,
we will not only cast a probing eye on current
economic developments but will also consider
the challenges facing the region in the decades
to come.
The year 2014 marks three important
anniversaries in the story of transition: it is
25 years since the fall of the Berlin Wall and
the first free elections in the communist world
in Poland, and a decade since 8 central and
eastern European countries joined the EU.
Few would quibble with the assertion that
much has been achieved in this relatively
short span of time. Nonetheless, serious
challenges remain. Still suffering from the
after-effects of the global financial crisis,
a number of countries have been beset
by political crisis and volatility, becoming
laggards in transition and occasionally
stalling on necessary reforms.
Panel discussions at the Business Forum
will consider what is needed to re-ignite
growth and re-energise transition where it
has slowed or come to a standstill. We will
consider the imperative of reforms across
the EBRD region, old and new, as well as the
crucial drivers of growth, such as investment
in infrastructure, energy efficiency and
diversification of energy supply.
Business climate, business confidence and
investment prospects are intimately related.
At the Business Forum, you will be able to
assess these all-important factors in greater
detail at the Investment Outlook sessions –
your chance to learn more about investment
prospects from policy-makers and business
people in a given country.
The hopes and idealism unleashed by the
Arab Spring were the starting point for historic,
rapid change which continues to unfold in the
newest EBRD countries of operations. We will
incorporate many of the issues confronting
Egypt, Jordan, Morocco and Tunisia into our
discussion panels. These countries provide
a wealth of opportunity and challenge. In this
historic year, what lessons can be learnt and
applied from the traditional EBRD countries
of operations to this new region?
We have made networking and social events
an intrinsic part of your experience in Warsaw
– a good chance for you to meet the many
business executives, investors, policy-makers
and officials who attend.
The EBRD would like to express its gratitude
to the Polish Authorities for hosting the
Annual Meeting of the Board of Governors
and Business Forum in Warsaw.
Legend has it that Wars and Sawa, a young
fisherman and a mermaid, gave their names
to the settlement on the Vistula which grew
into this modern capital city. Polish tradition
and customs are in the fabric of everyday life,
the country’s history complex and inspiring,
and its people’s hospitality legendary. During
the Annual Meeting, I hope that you will have
an opportunity to experience the warmth and
energy of the people who have made this
capital city so exciting.
Enzo Quattrociocche
Secretary General
Welcome to
Warsaw 2014
Over the next few days,
we will cast a probing
eye on current economic
developments but will also
consider the challenges
facing the region in the
decades to come
Changing Economies, Changing Lives 01
Contents
10Twenty-Third Annual
Meeting of the EBRD
Board of Governors
12Business Forum
Overview
04The Venue
The Business Forum is a perfect
opportunity to bring people together.
Connect with old business links and
make new contacts – networking and
social events will help you exchange
ideas and develop new relationships
with the people making a difference.
For continuous updated programme
information visit: www.ebrd.com/am
or download the MyEBRD app.
02 EBRD Annual Meeting & Business Forum 2014
40Associated Events
40
Ensuring Sustainable Finance
in Transition Economies
40
Creating Value through Effective Stakeholder
Engagement in Climate Finance
40
Trade Facilitation Programme – Information
Session and Annual Award Ceremony
40
EBRD Annual Donor Meeting
40
A Global Infrastructure Knowledge
and Collaboration Platform
40
Discussion Panel:
Building Effective Partnerships
24Events Schedule
30Investment
Outlook
Sessions
44General Information
and Contacts
16Discussion Panels
16
Return to Convergence: Re-igniting
Reforms and Promoting Growth
16
Accelerating Infrastructure to
Boost Growth and Employment
17
Energy Transition: Security,
Affordability and Climate Change
18
Connecting Emerging Europe
and Emerging Asia
19
The Story of 25 Years of Environment and
Climate Change in Transition Countries
20
Transition and Governance:
Past Successes, Future Challenges
21
The Growing Importance of Institutional
Investors in Transition Economies
21
Are You Ready for e-Procurement?
22
Women in the Economy:
Boosting Transition through Diversity
36Host Country Event
36
Fascinating Times:
25 Years of Transition in Central Europe
Changing Economies, Changing Lives 0303
2
3
4
6
1
7
5
8
The Venue
An Overview of Central Warsaw
Map Key
1 	Hotel Bristol Warsaw
2 	InterContinental Warszawa
3 	Mercure Warszawa Centrum
4 	Mercure Grand Warszawa
5 	Radisson Blu Centrum
The full events schedule can be
found on pages 24–25 or visit:
www.ebrd.com/am
6 	Sheraton Warsaw Hotel
7 	Sofitel Warsaw Victoria
8 	Westin Warsaw
	Tram Station
04 EBRD Annual Meeting & Business Forum 2014
The Venue
The Campus
All events are taking place at the
National Stadium.
The Reception for All Participants will
take place at the Kubicki Arcades
of the Royal Castle.
The Registration Marquee is located at
the west entrance of the National Stadium
on Level -3.
Getting Around
Narodowy Bank Polski (National Bank of
Poland) will arrange a shuttle bus service for
Annual Meeting participants to and from the
airport and official hotels. Shuttle buses will
take participants to the National Stadium
from official hotels. A shuttle service will
also be provided to the Reception for All
Participants from the National Stadium.
On Thursday 15 and Friday 16, shuttle buses
will take participants from the National
Stadium to the airport. Timetables and
routes will be made available at the airport
on arrival and at the official Annual Meeting
hotels’ lobbies.
There is a tram stop located at the National
Stadium (Rondo Waszyngtona-Stadion
Narodowy – in Polish). The tram station in
central Warsaw is located near the Marriot
Hotel at the Central Railway Station. Tram
numbers 7, 8, 9, 22, 24, 25 can be accessed
from there.
There are several taxi companies in
Warsaw. Taxis are easily found at
hotel entrances and many accept
credit card payment.
Successful, dynamic,
business-minded,
youthful – these are
just a few of the
adjectives applied
to the Polish capital
Changing Economies, Changing Lives 05
National Stadium Floor Plan
Level 2 East
Level 2 East is where most of the events
will take place. The Networking Area,
Internet Café and Publications Desks
are also located in this area.
06 EBRD Annual Meeting & Business Forum 2014
Internet Café
The Internet Café is located in the
Networking Area on Level 2 East. The PCs
provide internet access as well as access
to the MyEBRD mobile-based networking tool.
Food and Drink
Commercial coffee points are available
at different locations within the venue,
including in the Networking Area located
on Level 2 East, from 08:00 to 19:00.
An A la carte Restaurant is available for
sit-down lunch from Wednesday to Friday
inclusive, from 11:00 to 16:00 within the
Business Club, Level 0 West.
Credit card (except American Express card)
and local currency cash payments are
accepted in all commercial catering facilities.
The Networking Breakfasts on Wednesday
and Thursday will be available in the Warsaw
Event Room, Level 2 East.
Networking Lunches on both days will take
place in the Business Club, Level 0 West.
Networking Breakfasts and Lunches
are complimentary and open to all
Annual Meeting participants.
WiFi Network Access
A wireless network is available
throughout the venue.
Business guests should access the
EBRD AM GUESTS network by following
the directions and access code provided
inside the participants’ bags. For more
details please visit the Information Desk.
Press should access the EBRD AM PRESS
network by following the directions and access
code provided inside the participants’ bags.
For more details please visit the Press Unit
Information Desk.
Event Rooms
Level 2 East
Amsterdam
Barcelona
CSO Meeting Room
London A
London B
Paris
Rome
Warsaw
Level 0 West
Business Club
White Room
Level -1 East
Press Briefing Room
Level -2
Red Room (also accessible via inner
stadium promenade on Level 0)
Floor Plan Overview
For access between East and West use
the inner stadium promenade on Level 0.
East
West
Changing Economies, Changing Lives 07
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SUCCESS
TODAY AND
TOMORROWAkfen Holding is one of Turkey’s top infrastructure investment holdings that
invests in, manages and coordinates its subsidiaries and affiliates active in
industries such as airport management and operations, construction, port
operations, maritime transportation, water distribution and waste water
services. energy and real estate.
TAV Airports · TAV Construction · Akfen Construction · Mersin International Port/MIP
İstanbul Fast Ferries/İDO · Akfen Energy · Akfen Reit · Akfen Water
www.akfen.com.tr
Networking
Area
Governors’ Statements
and Official Documents
The Governors’ Statements and Official
Documents, located in the Networking Area,
opposite the Internet Café on Level 2 East,
Level 0 West on the Promenade and outside
the Red Event Room on Level -2, can provide
copies of opening and closing statements
and the order of speaking. Copies of the
other shareholder statements may also
be obtained when available.
Internet Café
The Internet Café is located in the Networking
Area on Level 2 East. The PCs provide
internet access as well as access to the
MyEBRD mobile-based networking tool.
Sponsored by
Information and
Meeting Request Desks
Staff at the Information Desks can advise
on all aspects of the Annual Meeting and
Business Forum. Contact details for offices
of official delegations or EBRD staff at the
event can be found at the desks. Information
about existing EBRD projects, financing of
new projects across all of the Bank’s existing
countries and sectors can also be found here.
Staff at the desks can arrange meetings
between EBRD representatives and
people taking part at the Annual Meeting
and book meeting rooms for you. It is also
possible to book meeting rooms via email
at meetingrequests@ebrd.com. Informal
meetings can also be held in the
Networking Area.
For information and meeting requests,
please go to the EBRD Information Desks
located on Level -3 West, next to the main
entrance or to the Networking Area
on Level 2 East.
EBRD
Publications Desk
A wide range of key Bank publications –
from the Annual Report to brochures, leaflets,
and infosheets – is on display at the EBRD
Publications Desk which is situated in
the Networking Area on Level 2 East.
MyEBRD Information Desk
Visit MyEBRD Information Desk in the
Networking Area on Level 2 East to learn
how to make the most out of the mobile
based application. You can create your own
agenda, set-up meetings and much more.
Sponsored by
Welcome to the Networking Area, where you
can interact with other participants, access
the internet and the MyEBRD app, take a break
between sessions, visit display stands and
pick up copies of Governors’ statements,
EBRD publications and non-EBRD publications.
For continuous updated programme
information visit: www.ebrd.com/am
or download the MyEBRD app.
Changing Economies, Changing Lives 09
Twenty-Third
Annual Meeting
of the EBRD Board
of Governors
10 EBRD Annual Meeting & Business Forum 2014
Board of Governors’ Sessions will take place
on Wednesday 14 and Thursday 15 May
and will be chaired by Mr Marek Belka,
EBRD Governor for Poland and President
of Narodowy Bank Polski.
The official programme will begin with
the Opening Session, with statements
by a representative of the Polish Authorities,
the Chair of the Board of Governors and
the EBRD President. This will be followed
by addresses given by the Prime Ministers
of Montenegro, Moldova and Kyrgyz Republic,
the EU Commissioner for Enlargement and
Neighbourhood Policy and a representative
of the Polish Authorities. The Opening Session,
commencing at 10:00 and finishing at 12:00,
will be open to all Annual Meeting participants.
Those wishing to attend should arrive at the
White Room by 09:50.
Changing Economies, Changing Lives 11
Business Forum
Overview
Changing
Economies
Changing
Lives
12 EBRD Annual Meeting & Business Forum 2014
It’s a very unique and very
exceptional opportunity
to find so many people
together from many
different countries which
is useful for a bank like
us doing business in
emerging markets
Annual Meeting Participant
London 2012
The two-day Business Forum
programme will offer:
— Nine Discussion Panels reviewing the
transition process and how political and
economic reforms can be driven forward.
— Ten Investment Outlook sessions
exploring the latest investment prospects
and challenges across the EBRD region.
— A Host Country Event – Fascinating Times:
25 Years of Transition in Central Europe
providing ample opportunity to touch upon
multiple perspectives of transformation.
— A number of networking and social events
giving participants time to connect and
exchange views with others from across
the EBRD region.
— A Civil Society Programme providing an
opportunity for civil society stakeholders
to learn more about the EBRD’s policies
and investment projects.
— Two days of Press Briefings. Look out
for further information in the Press
Filing Centre on Level -1 East.
WiFi Network Access
A wireless network is available
throughout the venue. Find access
instructions inside the participants’
bags or at the Information Desks.
Changing Economies, Changing Lives 13
Reception for All Participants
Wednesday 14 May 19:00 onwards
Kubicki Arcades of the Royal Castle,
Grodzka Street entrance
A Reception for All Participants will be held
at the Kubicki Arcades, the only part of the
Royal Castle – the ancient residence of Polish
Kings and the former House of Parliament in
Warsaw – to survive World War II. Surrounded
by the Royal Gardens and located in the Old
Town, the Arcades are inscribed on the
UNESCO World Heritage List.
The organiser – Narodowy Bank Polski –
hopes that guests will spend an unforgettable
evening and enjoy live music, an extraordinary
performance by versatile jazz musician,
Leszek Możdżer and unique accordion trio,
Motion Trio, as well as a Polish animated film
show with pieces by world famous Oscar®
nominated Polish animator and director,
Tomasz Bagiński in the unique ambience
and architecture of the Arcades. Last but
not least, guests will have a chance to
wander through the royal chambers
of the Royal Castle.
The Host Country Authorities will arrange
coach transfers from the National Stadium
to the Kubicki Arcades. Further details will
be published in the official Transport Brochure.
Networking Breakfast
Thursday 15 May 08:15–08:45
Event Room: Warsaw, Level 2 East
All participants are invited to enjoy a
continental breakfast. The breakfast will be
followed by a panel discussion, The Story of
25 years of Environment and Climate Change
in Transition Countries, and the EBRD’s 2014
Sustainability Awards.
Networking Breakfast
Wednesday 14 May 08:00–08:15
Event Room: Warsaw, Level 2 East
All guests are cordially invited to the
networking breakfast. This will be followed
by the Return to Convergence: Re-igniting
Reforms and Promoting Growth discussion
panel. A seated continental breakfast will
be served.
Networking Lunch
Wednesday 14 May 12:00–13:15
Business Club, Level 0 West
An excellent opportunity to connect
with participants over a buffet lunch.
Open to all.
Sponsored by
Networking Lunch
Thursday 15 May 13:00–14:00
Business Club, Level 0 West
A further networking opportunity open for all
participants. A buffet lunch will be served.
25 Years of Freedom Photo Exhibition
(25 lat wolnocsi)
Thursday 15 May 17:00–19:00
Event Room: Rome, Level 2 East
Discussion: 17:00–18:00
Awards Ceremony: 18:00–18:15
Reception: 18:15–19:00
A photo competition entitled 25 Lat Wolnosci
(25 Years of Freedom) was held in Poland
in February–March 2014. Entrants provided
a glimpse of the fundamental changes the
country has undergone since the fall of the
Iron Curtain. Organised jointly with Raiffeisen
Polbank and Gazeta Wyborcza, the contest
will conclude with an award ceremony and
a conversation between the writer Andrey
Kurkov and the journalist Quentin Peel.
The winning entries will be displayed at
the conference venue.
www.wolnosc25.pl
	Special Guests
	Andrey Kurkov, Novelist
and Commentator, Ukraine
	Quentin Peel, Former Foreign Editor,
Financial Times
 	Interpretation available
	English and Polish
Calling All EBRD Alumni!
Thursday 15 May 18:00–20:00
Event Room: London B, Level 2 East
Former Bank employees are cordially
invited to a reception at the Annual
Meeting. This is a chance to re-ignite
personal contacts and to network
among friends and former colleagues.
Attending will be a number of prominent
Polish alumni, including Warsaw Mayor
Hanna Gronkiewicz-Waltz, former EBRD
Board directors for Poland, the Chair
of the Alumni Association, members
of senior management, as well as the
Warsaw Resident Office staff.
By invitation only.
Enquiries: alumniE@ebrd.com
Networking
Events
Changing Economies, Changing Lives 1515
Discussion
Panels
Accelerating Infrastructure to
Boost Growth and Employment
Wednesday 14 May 14:00–15:30
Event Room: Paris, Level 2 East
Infrastructure is considered a key driver and
enabler of economic growth, diversification
and global competitiveness. The ability
of governments to deliver infrastructure
in a conventional direct borrowing or funding
mode is diminishing rapidly. It is therefore
important to look for ways in which past and
present experience can be used to enable
public and private decision-makers, including
those in emerging markets, to find ways forward
for accelerated infrastructure delivery.
A panel of high-level practitioners will
discuss ways in which a sustainable up-lift
of infrastructure modernisation can be
delivered, based on positive experience
gained in the EBRD countries and other
emerging markets.
	Moderator
	Thomas Maier, Managing Director,
Infrastructure, EBRD
	Panellists
	Thierry Déau, CEO, Meridiam
	Hanna Gronkiewicz-Waltz,
Mayor of Warsaw, Poland
	Peter Mandelson,
Chairman, Global Counsel
	Robert Milliner, Australia B20 Sherpa,
B20 Australia
	James Stewart, Chairman Global
Infrastructure, KPMG LLP
	Alex Wong, Head, Center for Global
Industries and Head Basics
 Infrastructure Industries,
World Economic Forum
	Deborah Zurkow, CIO and
Head of Infrastructure Debt,
Allianz Global Investors
	Interpretation available
	 English and Russian
Return To Convergence: Re-Igniting
Reforms and Promoting Growth
Wednesday 14 May 08:15–09:45
Event Room: Warsaw, Level 2 East
Networking Breakfast will be served
from 08:00
The last 25 years of change and transition
since the fall of the Berlin Wall in former
communist Europe have produced both
transition champions and transition laggards.
What are the growth prospects for the region
in the short term and the longer term? Will
income convergence with the advanced
countries resume and, if not, why not?
There is widespread consensus on the
policies and reforms needed to invigorate
growth, yet reforms have stagnated since
the mid-2000s. What are the political,
social and human capital constraints
standing in the way of new reforms and
how can these constraints be overcome?
What can be done to re-ignite reforms
and create a virtuous circle of sustainable
growth and greater prosperity?
	Moderator
	Erik Berglof, Chief Economist, EBRD
	Panellists
	Jan Krzysztof Bielecki, Chairman, Economic
Council of the Prime Minister, Poland
	HE Daniela Bobeva, Deputy Prime Minister
for Economic Development, Bulgaria
	Ahmed Galal, Managing Director,
Economic Research Forum
	Fabrizio Saccomanni, Senior Economic
Advisor, Istituto Affari Internazionali
	Mateusz Szczurek,
Minister of Finance, Poland
	Andris Vilks, Minister of Finance,
EBRD Governor, Latvia
	Interpretation available
	 English and Russian
What are the political,
social and human capital
constraints standing in
the way of new reforms
and how can these
constraints be overcome?
16 EBRD Annual Meeting  Business Forum 2014
Energy Transition: Security,
Affordability and Climate Change
Wednesday 14 May 16:00–17:30
Event Room: Warsaw, Level 2 East
Achieving the right balance between
security, affordability and environmental
considerations is one of the most difficult
propositions for national governments.
Energy security is necessary for social
and economic stability, affordability is key
for industrial competitiveness and consumer
well-being, while climate change remains
a serious environmental concern.
The panel will discuss what is being
done to address these issues and
whether or not technological development
is the only way forward. Bedevilled by high
energy costs and worries about the security
of supply, technological development has
been seen as crucial for the development
of transition economies.
	Moderator
	Riccardo Puliti, Managing Director, Head
of Energy and Natural Resources, EBRD
	Panellists
	Jan Chadam, President of the
Management Board, Gaz System S.A.
	Thane Gustafson, Professor of Political
Science and writer, Georgetown University
	 Anna Striżyk, CFO, ZE PAK S.A.
	Roman Szyszko, Executive Vice President
and CFO, Energa SA
	Interpretation available
	 English and Russian
Changing Economies, Changing Lives 17
Connecting Emerging Europe
and Emerging Asia
Wednesday 14 May 16:30–17:30
Event Room: Rome, Level 2 East
The panel will discuss growing economic
linkages between emerging Asia and emerging
Europe and the potential for further deepening
of trade, investment, financial and other links.
In the past, economic linkages between
Europe and Asia ran primarily at the level
of developed countries (for example, Japan,
Singapore and the core EU economies).
This pattern has been changing rapidly,
with increasing direct linkages between
emerging markets in Asia and in Europe.
The discussion will focus on the policy
implications of these growing ties – including
potential gains from trade and investment.
It will review the importance of trade
facilitation, infrastructure and institution-
building in promoting economic linkages,
as well as the role played by various regional
economic cooperation initiatives. The panel
discussion will be preceded by a short
presentation given by the EBRD Chief
Economist and the Dean of the Asian
Development Bank Institute of the
preliminary findings of the joint study
on this subject, currently being prepared
by EBRD and the ADBI.
	Moderator
	Jonathan Charles, Director
of Communications, EBRD
	Panellists
	Suma Chakrabarti, President, EBRD
	Werner Hoyer, President, EIB
	Dimitris Tsitsiragos, IFC Vice President,
World Bank Group
	Rolf Wenzel, Governor, Council
of Europe Development Bank
	Naoyuki Yoshino, Dean, Asian
Development Bank Institute
	Interpretation available
	 English and Russian
In the past, economic linkages
between Europe and Asia ran
primarily at the level of developed
countries. This pattern has
been changing rapidly…
Discussion Panels
18 EBRD Annual Meeting  Business Forum 2014
The Story of 25 Years of Environment and
Climate Change in Transition Countries
Thursday 15 May 08:45–10:15
Event Room: Warsaw, Level 2 East
Networking Breakfast will be served from 08:15
Sustainability Report Launch: 08:45–09:00
Discussion Panel: 09:00–09:50
Award Ceremony: 09:50–10:15
The Environment and Sustainability
Department and the Energy Efficiency
and Climate Change team will hold a panel
discussion on environmental and social
issues, as well as climate change mitigation,
in countries where we invest. It will also be
an opportunity to present the 2014 EBRD
Sustainability Awards, which recognise the
achievements of Bank clients in environmental
protection and energy efficiency, and to
launch the Sustainability Report 2013.
The discussion panel aims to provide a
personal perspective on the effects of
25 years of transition on the environment,
climate change and society, including
consideration of such issues as the impact
of EU integration and commitments made
under other international conventions
and agreements on environmental
and social topics.
	Moderator
	Josué Tanaka, Managing Director,
Operational Strategy and Planning, Energy
Efficiency  Climate Change, EBRD
	Panellists
	Stephen Lintner, Former Senior
Technical Adviser, World Bank
	Jacqueline McGlade, Chief Scientist,
United Nations Environment Programme
	Interpretation available
	 English and Russian
Award Ceremony sponsored by
Changing Economies, Changing Lives 19
Transition and Governance:
Past Successes, Future Challenges
Thursday 15 May 10:00–11:30
Event Room: Paris, Level 2 East
The year 2014 marks three important
anniversaries in the story of transition: it is
25 years since the fall of the Berlin Wall and
the first free elections in the communist world
in Poland, and a decade since 8 central and
eastern European countries joined the
European Union.
The panel will open with a keynote address
reviewing and assessing the transition
experience of the past 25 years, with an
emphasis on the role that good political
and economic governance has played
in supporting the transition.
The panel members will examine key factors
that have impeded economic and political
reform progress in certain countries, including
poor governance and persistent corruption.
The panel will also look at lessons learned
in addressing problems in the business
environment, tackling corruption and
strengthening the rule of law.
	Moderator
	Andras Simor, Vice President,
Policy, EBRD
	Keynote Speaker
	Aleksander Kwaśniewski,
Former President, Poland
	Panellists
	Miklós Marschall, Deputy Managing
Director, Transparency International
	Alina Mungiu-Pippidi, Director,
European Research Centre for
Anti-Corruption and State-Building
ERCAS, Hertie School of Governance
	HE Djoomart Otorbaev,
Prime Minister, Kyrgyz Republic
	Interpretation available
	 English and Russian
Discussion Panels
20 EBRD Annual Meeting  Business Forum 2014
The Growing Importance of Institutional
Investors in Transition Economies
Thursday 15 May 11:30–13:00
Event Room: Rome, Level 2 East
Banks across the globe are facing increasing
capital constraints, resulting in shifting
emphasis on certain activities and a reduced
appetite for long-term lending to the corporate
and infrastructure sectors.
As the non-banking financial sector continues
to expand, this discussion will focus on the
growing importance of institutional investors
in the development of capital markets in
transition economies. Investors such as
pension funds, sovereign wealth funds,
insurance companies and asset managers
have the ability to exert a significant influence
on capital flows in the EBRD’s region.
This panel will explore the challenges
and opportunities faced by the institutional
investment community and how these
investors can mobilise funds in support
of economic development.
	Moderator
	Ralph Atkins, Capital Markets Editor,
Financial Times Ltd.
	Panellists
	Gianni Franco Papa,
Head of CEE Division,UniCredit
	Alexander Popov, Head of Trust
Management Department,
Vnesheconombank
	Manfred Schepers, Vice President
and CFO, EBRD
	Paweł Tamborski, Under-Secretary of
State, Ministry of the Treasury, Poland
	Danny Truell, CIO, The Wellcome Trust
	Deborah Zurkow, CIO and
Head of Infrastructure Debt,
Allianz Global Investors
	Interpretation available
	 English and Russian
Are You Ready for e-Procurement?
Thursday 15 May, 14:00–15:30
Event Room: Amsterdam, Level 2 East
Reception: 15:30–16:00
Improving public procurement policies
is on the agenda of many countries,
both to ensure optimal use of scarce
budget resources and to develop and
promote anti-corruption initiatives.
The panel discussion will explore latest
best practice to create modern and efficient
public procurement frameworks, with a focus
on the use of e-Procurement tools, recent
success stories, and on the impact that
international organisations can have on
implementing successful eProcurement
reforms in transition countries.
Following the panel discussion, the new
issue of the EBRD legal journal devoted
to Enforcing Court Decisions in Transition
Countries will be presented and copies
made available to all participants.
	Moderator
	Gustavo Piga, Professor of Economics,
Department of Business, Government
and Philosophy Studies, University Rome
Tor Vergata
	Panellists
	Paulo Magina, Senior Policy Analyst,
Public Sector Integrity Division, OECD
	Eliza Niewiadomska, Principal Counsel-
Public Procurement, Legal Transition
Programme, EBRD
	Tato Urjumelashvili, International Expert,
EBRD UNCITRAL Initiative
	Interpretation available
	 English and Russian
Investors such as
pension funds, sovereign
wealth funds, insurance
companies and asset
managers have the ability
to exert a significant
influence on capital flows
in the EBRD’s region
Changing Economies, Changing Lives 21
Women in the Economy:
Boosting Transition through Diversity
Thursday 15 May 15:00–16:45
Event Room: Warsaw, Level 2 East
Award Ceremony and Reception: 16:15–16:45
The Women in Business Panel aims to deliver
a rich debate and an exchange of ideas and
experiences on how women empower the
economy. The discussion will explore the wider
role in which women can contribute to the
economy as well as in business, and how the
economy can benefit. The topic builds upon
last year’s discussion, which debated the
business case for greater gender diversity on
management boards. It will look at questions
such as, why women continue to face
challenges in becoming key players in
the corporate world; what is the net result
of these challenges on businesses, the
economy and society; and what measures
should be taken by governments and the
private sector to address the negative
impacts that they have.
The panel discussion will be followed by
an Award Ceremony which recognises
three women from the Bank’s countries
of operations, who have made outstanding
contributions in the following categories:
Entrepreneurship, Industry and Banking/FI.
	Moderator
	Sally Bundock, Presenter,
World Business Report, BBC World News
	Panellists
	Nezha Hayat, Chairperson and
CEO of Sogelease, Société Générale
Maroc group
	Hreggvidur (Reggie) Jonsson, Chairman,
Icelandic Chamber of Commerce
	Júlia Király, Member of the Board,
KBC Group NV
	Alicja Kornasiewicz, Managing Director,
Head of Poland and CEE, Morgan Stanley
 Co International Limited
	Interpretation available
	 English and Russian
Award Ceremony sponsored by
A rich debate and an
exchange of ideas and
experiences on how women
empower the economy
Discussion Panels
22 EBRD Annual Meeting  Business Forum 2014
Events Schedule
Wednesday 14 May
Thursday 15 May
Venue National Stadium National Stadium National Stadium National Stadium
Level -2 2 East 2 East 2 East
Event Red Rome Amsterdam London B
Room
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
Venue National Stadium National Stadium National Stadium National Stadium
Level -2 2 East 2 East 2 East
Event Red Rome Amsterdam London B
Room
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00
19:00
Board of Governors’ Second Session
Roundtable Discussion
(Closed session)
13:15–15:45
Board of Governors’ Third Session
Governors’ Statements
09:00–11:30
The Growing Importance of Institutional
Investors in Transition Economies
11:30–13:00
RBI Session: Recent Dynamics in the
CEE Banking Industry and its Outlook
10:30–11:30
Kyrgyz Republic
12:00–13:00
Civil Society as a Partner in Transition
09:15–10:30
Are you Ready for e-Procurement?
14:00–15:30
Reception
15:30–16:00
Ukraine
14:30–15:30
25 Years of Freedom
17:00–18:00
Award Ceremony and Reception
18:00–19:00
Calling All EBRD Alumni!
18:00–20:00
(By invitation only)
Kazakhstan
08:45–09:45
Morocco
13:30–14:30
Georgia
14:15–15:15
Connecting Emerging Europe
and Emerging Asia
16:30–17:30
Bulgaria
15:00–16:00
24 EBRD Annual Meeting  Business Forum 2014
National Stadium National Stadium National Stadium
2 East 2 East 2 East
Paris Barcelona Warsaw
National Stadium National Stadium National Stadium
2 East 2 East 2 East
Paris Barcelona Warsaw
Further Networking Events
Board of Governors’ Opening Session
Host Country Events
Schedule Key
Board of Governors’ Opening Session
Addresses by Heads of Government
from the EBRD’s region of operations
and the European Commission
Speech by a representative
of the Polish Authorities
Wednesday 14 May
Event Room: White, Level 0 West
10:00–12:00
Transition and Governance: Past
Successes, Future Challenges
10:00–11:30
Romania
08:45–09:45
Networking Breakfast
08:00–08:15
Return to Convergence: Re-igniting
Reforms and Promoting Growth
08:15–09:45
Networking Lunch
Wednesday 14 May
Business Club, Level 0 West
12:00–13:15
Reception for All Participants
Wednesday 14 May
Kubicki Arcades of the Royal Castle
19:00 onwards
Networking Lunch
Thursday 15 May
Business Club, Level 0 West
13:00–14:00
Energy Transition: Security,
Affordability and Climate Change
16:00–17:30
Turkey
15:45–16:45
Accelerating Infrastructure to Boost
Growth and Employment
14:00–15:30
Russian Federation
16:00–17:00
Bosnia and Herzegovina
10:30–11:30
Networking Breakfast
08:15–08:45
Sustainability Report Launch and
The Story of 25 Years of Environment and
Climate Change in Transition Countries
08:45–09:50 Investment
Outlook Sessions
Forum Partner
Events
Host Country
Events
Networking
Events
Discussion
Panels
Women in the Economy: Boosting
Transition through Diversity
15:00–16:15
Awards Ceremony and Reception
16:15–16:45
Awards Ceremony
09:50–10:15
UniCredit Session: A Banking System
for a Sustainable Growth in CEE
14:00–15:00
Other
Events
Fascinating Times:
25 Years of Transition in Central Europe
Wednesday 14 May
Event Room: White, Level 0 West
16:00–18:30
Institutional
Events
Changing Economies, Changing Lives 25
UniCredit Session:
A Banking System for a
Sustainable Growth in CEE
Thursday 15 May 14:00–15:00
Event Room: Barcelona, Level 2 East
10 years after the first European enlargement
to CEE countries – coping also with one of the
deepest financial and economic crises of our
time – banking in CEE has gone through several
changes. Building a more resilient financial
system capable of supporting sustainable
economic growth is currently one of the main
shared targets of both public and private
sectors operating in CEE. Where do we stand
now in this regard? Are we moving in the right
direction? What kind of role do the banks
need to play in order to support a sustainable
economic growth? These are a few questions
that UniCredit’s sponsored panel will try
to answer.
	Moderator
	Carmelina Carluzzo, Deputy Head
of CEE Strategic Analysis,
UniCredit Bank Austria
	Panellists
	Luigi Lovaglio, President of the
Management Board, CEO, Bank Pekao
	Wilhelm Molterer,
Vice President and Governor, EIB
	Boris Vujčić, Governor,
Croatian National Bank
Raiffeisen Bank International Session:
Recent Dynamics in the CEE Banking
Industry and its Outlook
Thursday 15 May 10:30–11:30
Event Room: Amsterdam, Level 2 East
This session will look at the latest
developments in loan growth, profitability,
NPLs, loan deposit ratios, amongst others,
across the region compared with the eurozone.
In addition, it shall give an indication on growth
potentials of single markets as well as reflect
on how the latest political developments will
have an impact on the banking industry.
	Moderator
	Michael Palzer, Head of Marketing
and Event Management,
Raiffeisen Bank International
	Panellists
	Piotr Czarnecki,
CEO, Raiffeisen Polbank
	Gunter Deuber, Director,
Head of CEE Research,
Raiffeisen Bank International
	Piroska Nagy, Director,
Country Strategy and Policy, EBRD
	Debora Revoltella, Director,
Economics Department, EIB
Building a more resilient
financial system capable
of supporting sustainable
economic growth is
currently one of the main
shared targets of both
public and private sectors
operating in CEE
Forum Partners’
Sessions
26 EBRD Annual Meeting  Business Forum 2014
Low carbon economic growth is crucial to
battling climate change. The EBRD’s vision
is to harness market forces and the diversity
and innovation of the private sector to help
countries move towards a sustainable
energy sector as part of that low carbon
growth path.
The aim of the EBRD’s Carbon Neutral
Initiatve is to make the Annual Meeting
and Business Forum carbon neutral by
retiring carbon credits equivalent to the
greenhouse gas emissions caused by
the event. The EBRD will retire the carbon
credits from a wind power project in Śniatowo
in the north-west of Poland, developed and
operated by Vortex Energy Group. The wind
project produces electricity that substitutes
electricity generated with fossil fuels,
and so contributes to reducing greenhouse
gases (GHG) emissions. By ensuring that
its Annual Meeting and Business Forum
is carbon neutral, the EBRD promotes
climate change awareness, the use of
carbon market instruments and increased
investments in the transition to a low carbon
economy. The EBRD hopes to attract the
interest of Polish and regional investors
in these efforts.
The EBRD would like to acknowledge Climate
Austria managed by Kommunalkredit Public
Consulting which is providing its services to
calculate the carbon emissions of the event
and GreenStream Network for providing its
carbon credit origination services.
The EBRD’s vision is to
harness market forces and
the diversity and innovation
of the private sector to help
countries move towards a
sustainable energy sector
Carbon Neutral
Initiative
Changing Economies, Changing Lives 27
Information
Stands
Small Business Support
The Small Business Support Team (SBS)
provides business advice to help enterprises
in 25 countries grow, succeed, then grow
again, becoming genuine catalysts for
their local economies, then their region.
By connecting client enterprises to local
consultants and international industry
experts, SBS helps transform a wide range
of businesses. Enterprises benefit from many
types of advice, from strategy and marketing
to quality management, ICT, energy efficiency
and beyond. SBS also works to develop local
consultancy markets, promoting a thriving
and sustainable market for external advice.
Projects are supported on a cost-sharing
basis and are funded by donors, including
approximately 20 countries, as well as the
European Union and other organisations
and the EBRD itself. To date, SBS has applied
more than €230 million in donor funding
to supporting small businesses, assisting
more than 14,000 enterprises across 35
countries since 1993.
Evaluation Department
The EBRD’s shareholders and management
view effective evaluation as an essential
contributor to improved institutional
performance. The Evaluation Department
(EvD) conducts independent evidence-based
evaluations of Bank operations and
programmes, and is responsible for the overall
implementation of the Bank’s Evaluation
Policy. EvD’s objective performance analysis
and ratings provide the Board of Directors,
shareholders and management with a key
instrument of accountability, as well as a
source of experience-based insights, lessons
and recommendations with which to deepen
effectiveness and impact. EvD provides
a variety of analytical tools and training
services for these purposes, especially to
strengthen self-evaluation and learning at
the level of operational teams. EvD’s Annual
Evaluation Review provides a full discussion
of its work and findings.
Taipei China-EBRD Technical
Cooperation Fund
As a trusted partner, Taipei China has lent
its active support to the EBRD from the outset.
Over the last 23 years, its contribution
to the Bank’s technical cooperation and
co-financing programmes has amounted
to US$ 31.7 million, making it the fifth
largest donor to the EBRD. And the EBRD
has successfully utilised Taiwanese expertise
in key areas including sustainable energy, ICT,
intelligent transport, and SME development.
In 2011, Taiwan International Cooperation
and Development Fund (TaiwanICDF) pledged
US$ 80 million to the EBRD’s Green Energy
Special Fund. This is to catalyse the installation
of energy efficient technologies in the EBRD
countries of operations. During his visit to
Taipei in March 2013, EBRD President Suma
Chakrabarti signed an MoU with TaiwanICDF
to promote sustainable resource management
in the EBRD’s countries of operations.
Taipei China is also a contributor to the EBRD’s
Early Transition Countries Fund, providing
€2.55 million. It became the Vice Chair of
the Fund’s Assembly in 2013. Taipei China
is also a contributor to the EBRD Balkan
Region Special Fund (BRSF) with an
additional €1.5 million.
28 EBRD Annual Meeting  Business Forum 2014
What can a participant gain from the experience?
The Investment Outlook sessions explore the latest
investment opportunities across the EBRD region
and provide participants with a unique occasion
to learn more about each of the individual countries.
Participants are invited to engage in informal
discussions among policy-makers and investors,
providing valuable data on investment prospects
and identifying the challenges that might impede
future investment.
Investment Outlook
Sessions
30 EBRD Annual Meeting  Business Forum 2014
Kazakhstan
Wednesday 14 May 08:45–09:45
Event Room: Rome, Level 2 East
	Investing in Kazakhstan
	 The Second Phase of Industrialisation
	Moderator
	Larry Sherwin, Deputy Director,
Communications, EBRD
	Panellists
	Janet Heckman, Director,
Kazakhstan, EBRD
	HE Bakyt Sultanov, Deputy Prime
Minister and Minister of Finance,
EBRD Governor, Kazakhstan
	Interpretation available
	 English and Russian
Romania
Wednesday 14 May 08:45–09:45
Event Room: Barcelona, Level 2 East
	Romania: Capitalise on the
Economic Rebound
	Moderator
	 James Hyslop, Director, Romania, EBRD
	Panellists
	Cipriano Gomez Carrion, CEO, Roquet
	Mihai Ionescu, Head of Representative
Office Romania, Deutsche Bank
	Jon Kevin Loebbaka, President,
Universal Alloy Corporation Europe
	Bernard Sargis, President, Expur
	Liviu Voinea, Minister Delegate for
Budget, Ministry of Public Finance,
EBRD Governor, Romania
Morocco
Wednesday 14 May 13:30–14:30
Event Room: Amsterdam, Level 2 East
	Moroccan Financial Sector and
the Potential for its Development
	Moderator
	Hildegard Gacek, Managing
Director, SEMED, EBRD
	Panellists
	Mohammed Boussaid,
Minister of Economy and Finance,
EBRD Governor, Morocco
	Laurent Chabrier,
Director, Morocco, EBRD
	Said Ibrahimi, CEO,
Casa Finance City Authority
	Francis Malige, Managing Director,
Eastern Europe and Caucasus, EBRD
	Interpretation available
	 English and French
Changing Economies, Changing Lives 31
Investment Outlook Sessions
Georgia
Wednesday 14 May 14:15–15:15
Event Room: London B, Level 2 East
	Georgia –New Frontier
of Opportunities
	Moderator
	Bruno Balvanera, Director for Caucasus,
Moldova and Belarus, EBRD
	Panellists
	Nodar Khaduri, Minister of Finance,
EBRD Governor, Georgia
	Zaza Kikvadze, General Director,
IDS Borjomi, Georgia
	HE George Kvirikashvili, Vice Prime
Minister, Minister of Economy and
Sustainable Development, Georgia
	Interpretation available
	 English and Russian
Turkey
Wednesday 14 May 15:45–16:45
Event Room: Barcelona, Level 2 East
	Update on Economic Performance and
Outlook for Corporate Investment
	Moderator
	 Michael Davey, Director, Turkey, EBRD
	Panellists
	İsmail Keskinoğlu, Board Member
and Chief Financial Officer, Keskinoğlu
Tavukçuluk ve Damızlık İşl. San Tic. A.Ş.
	Hakan Tokaç, Acting Director General
of Foreign Economic Relations,
Undersecretariat of Treasury, Turkey
For continuous updated programme
information visit: www.ebrd.com/am
or download the MyEBRD app.
32 EBRD Annual Meeting  Business Forum 2014
Bosnia and Herzegovina
Thursday 15 May 10:30–11:30
Event Room: Barcelona, Level 2 East
	Enhancing the Business Environment
and Regional Linkages for Private
Sector Development
	Moderator
	Libor Krkoska, Senior Banker,
Head of Office, Sarajevo, EBRD
	Panellists
	Ensad Karic, Chief Executive Officer,
Public Company Motorways of FBH Ltd.
	HE Zlatko Lagumdžija, Deputy Chairman
of the Council of Ministers and Minister
of Foreign Affairs, EBRD Governor,
Bosnia and Herzegovina
	Edin Mehić, Director, Posao.ba,
Development Studio d.o.o.
Kyrgyz Republic
Thursday 15 May 12:00–13:00
Event Room: London B, Level 2 East
	Kyrgyz Republic – Open for Business
	An overview of government reforms
to raise awareness amongst
investors and future plans to
improve the investment climate.
	Moderator
	Olivier Descamps, Managing Director,
Countries of Operations, EBRD
	Panellists
	Michael Fiebig, Head Financial
Institutions Equity Investments,
responsAbility Investments AG
	Larisa Manastirli,
Head of Office, Bishkek, EBRD
	HE Djoomart Otorbaev,
Prime Minister, Kyrgyz Republic
	Zina Sanyoura, Senior Investment
Manager, Bamboo Finance
	 Interpretation available
	 English and Russian
The Investment Outlook
sessions explore the latest
investment opportunities
across the EBRD region
and provide participants
with a unique occasion
to learn more about each
of the individual countries
Changing Economies, Changing Lives 33
Ukraine
Thursday 15 May 14:30–15:30
Event Room: Rome, Level 2 East
	Ukraine – New Reality,
New Investment Opportunities
	Moderator
	Olivier Descamps, Managing Director,
Countries of Operations, EBRD
	Panellists
	Sevki Acuner, Director, Ukraine, EBRD
	 Vitaly Antonov, CEO, Galnaftogaz
	 Tom Axelgaard, CEO, Axzon Group
	Stepan Kubiv, Governor of the National
Bank of Ukraine, EBRD Alternate
Governor, Ukraine
	Olexander Shlapak, Minister of Finance,
EBRD Governor, Ukraine
	Interpretation available
	 English and Russian
Investment Outlook Sessions
34 EBRD Annual Meeting  Business Forum 2014
Bulgaria
Thursday 15 May 15:00–16:00
Event Room: London B, Level 2 East
	Post-Crisis Investment
Opportunities in Bulgaria
	Moderator
	Stefka Slavova, Alternate Board Director
for Poland, Bulgaria and Albania, EBRD
	Panellists
	HE Daniela Bobeva, Deputy
Prime Minister for Economic
Development, Bulgaria
	Dimitar Kostov, Deputy Governor
of the Bulgarian National Bank,
EBRD Alternate Governor, Bulgaria
Russian Federation
Thursday 15 May 16:00–17:00
Event Room: Paris, Level 2 East
	Investment Opportunities
in Russian Regions
	Moderator
	Natasha Khanjenkova, Managing
Director, Russian Federation, EBRD
	Panellists
	Kirill Dmitriev, CEO, Russian Direct
Investment Fund
	André Martin, CEO, Lafarge Russia
	Dmitry Pankin, Deputy Finance
Minister, EBRD Alternate Governor,
Russian Federation
	Robert Sasson, Senior Managing
Partner, UFG Private Equity
	Linar Yakupov, Chief Executive, Tatarstan
Investment Development Agency
	Ruslan Zalivatskiy, Deputy Governor,
Government of Kaluga Region,
Russian Federation
	Interpretation available
	 English and Russian
Changing Economies, Changing Lives 35
Host Country
Event
Fascinating Times:
25 Years of Transition in Central Europe
Wednesday 14 May 16:00–18:30
Event Room: White, Level 0 West
The year 2014 marks 25 years of transition
in the former communist countries of central
and eastern Europe. During the 2014 EBRD
Annual Meeting in Warsaw, Narodowy Bank
Polski is organising a Host Country event,
Fascinating Times: 25 Years of Transition in
Central Europe, to be held on 14 May 2014
at the National Stadium in Warsaw, the main
venue of the 2014 EBRD Annual Meeting.
Fascinating Times is planned as a dynamic
conference, encompassing a short feature
film produced especially for this occasion.
Oscar® nominee for the film “Rabbit à la
Berlin” Bartosz Konopka, the movie’s writer
and director, is one of the most awarded
young Polish filmmakers. The Programme
of the event includes sessions that explore
various aspects of economic and political
transition, including its consequences for
the private sector, society, education, lifestyle,
media and culture. Transition will be presented
as a fascinating and generally positive process,
albeit one with a wide range of consequences
for the different actors involved.
Fascinating Times – to be held in English –
will provide a creative and thought-provoking
interpretation of the recent past and is bound
to leave the audience inspired.
Fascinating Times…
will provide a creative
and thought-provoking
interpretation of the recent
past and is bound to leave
the audience inspired
36 EBRD Annual Meeting  Business Forum 2014
European Night of Museums
on Saturday 17 May
As in previous years, in 2014 Warsaw once
again joins the European Night of Museums,
which will take place on 17 May 2014. This
unique festival of culture, an immediate
success since the very beginning, is an
exclusive opportunity to visit not only regular
museums, but also places which cannot be
easily accessed by the average passer-by.
The festival is not restricted to Warsaw, so
if you decide to travel to other Polish cities,
do expect many attractions awaiting you.
The Copernicus Science
Centre offers you an
unforgettable evening
in Warsaw. This modern
science museum, situated
in a beautiful riverside
location, will be open
exclusively for EBRD’s
Annual Meeting guests
Cultural Highlights
Organised by the Host Country
A Visit to the Copernicus Science Centre
on Thursday 15 May
The Copernicus Science Centre offers you an
unforgettable evening in Warsaw on Thursday,
15 May 2014. This modern science museum,
situated in a beautiful riverside location, will
be open exclusively for EBRD’s Annual Meeting
guests from 19:00–22:00.
This is one of Europe’s largest and most
modern science centres, which includes
a fascinating interactive exhibition composed
of over 450 exhibits. The several thousand
square metres of well-designed scientific
installations will awake the scientist
in everyone.
The evening event at the Copernicus Science
Centre, organised by Narodowy Bank Polski,
will be a unique opportunity to explore one
of the most popular tourist attractions in
the city, which normally attracts large crowds.
While experiencing the world of light, sound
and energy, you will also be able to enjoy a
special screening of the film Walesa. Man
of hope that will start at 20:00. The film,
directed by Oscar® awarded film director,
Andrzej Wajda, presents the complex life
story of the famous trade union leader,
Lech Wałęsa, as well as charting the
beginning of transition in Poland, alongside
the rich background of day-to-day life
in communist Poland.
All visitors are invited to a reception
from 19:00–22:00.
Changing Economies, Changing Lives 37
Civil Society
Programme
Civil Society Programme
The Civil Society Programme takes place
on Wednesday 14 May and Thursday 15 May
and will be open to representatives from civil
society organisations only.
The Programme will provide an opportunity
for dialogue between civil society stakeholders
and EBRD staff, senior management,
the President and Board Directors. It is
an occasion for civil society stakeholders
to learn more and discuss issues of interest
and concern regarding the EBRD’s policies
and investment projects, and exchange
views and perspectives about political
and socio-economic development in the
countries where the EBRD invests. There
will be also an occasion to discuss the
evaluation of the Bank’s completed projects
and programmes as well as the EBRD’s
independent accountability mechanism.
The Programme is also set to include a
session on good governance by the EBRD,
both in terms of accountability, integrity
and anti-corruption in EBRD operations
as well as support to the investment climate.
At the close of the Programme on Thursday
15 May, civil society organisations will have
an opportunity to exchange views on strategic
issues with the Board of Directors and the
EBRD President in two dedicated sessions.
In addition to the main sessions of the Civil
Society Programme, a special discussion
panel open to all Business Forum participants
entitled Civil Society as a Partner in Transition
will take place on Thursday 15 May.
By invitation only.
Enquiries: cso@ebrd.com
Civil Society as a Partner in Transition
Thursday 15 May 09:15–10:30
Event Room: London B, Level 2 East
The discussion panel will look at how the
private, public and civil society sectors can
partner together – and with the EBRD – in
advancing transition in the countries where
the Bank invests.
Since its establishment in 1992, the EBRD
has been maintaining an on-going dialogue
with civil society organisations on issues
related to its mandate, namely fostering
transition to open-market economies in
countries committed to democracy. The role
played by civil society has evolved and grown
since the start of the transition process and
is now creating opportunities for the forging
of constructive partnerships among the
public, private and civil society sectors
in building sustainable and inclusive
open-market economies.
Countries like Poland with 43 per cent
of businesses cooperating with non-business
stakeholders show how the inter linkages
between the three sectors can work together
to foster private sector development.
Moreover, governmental authorities
throughout the EBRD region have been
encouraging collaboration between the
private sector and civil society as a matter
of corporate citizenship and sustainable
development. The EBRD, along with other
international financial institutions, has also
been exploring new ways of engaging and
partnering with civil society organisations
in relation to selected investment projects.
The panel will bring together experts and
practitioners from civil society, private and
public sectors that have actively contributed
in building partnerships across the three
sectors to build trusted partnerships in
advancing transition.
	Moderator
	Ioana Avădani, Executive Director,
Centre for Independent Journalism,
Romania
	Panellists
	Ivana Ćirković, Director of the Office
for Cooperation with Civil Society,
Government of Serbia
	Jean-Christophe Laugée,
Director, Social Innovation
and Ecosystem, Danone
	Larisa Manastirli,
Head of Office, Bishkek, EBRD
	Mirella Panek-Owsiańska,
Managing Director, Responsible
Business Forum, Poland
	Interpretation available
	 English and Russian
38 EBRD Annual Meeting  Business Forum 2014
MyEBRD
Go to the Annual Meeting website:
www.ebrd.com/am and select the MyEBRD icon.
This will bring you to the ‘MyEBRD’ welcome page
where you will find instructions on how to download the
app for your particular device (iPhone, Android, iPad,
and all other internet-enabled mobile phones).
If you want to access the networking feature, please
log in with your username (email) and the password
provided for your registration.
www.facebook.com/ebrdhq
www.twitter.com/ebrd
www.youtube.com/ebrdtv
TO DOWNLOAD
THE ESSENTIAL EBRD MOBILE-BASED APP
Communicate with other
Annual Meeting participants
Plan your participation during
the Annual Meeting by setting
up meetings ahead of time.
Create
your own
agenda
Discover more
Download from www.ebrd.com/publications
The EBRD Publications Desk is located in the
Networking Area, Level 2 East
Connecting people.
Communicating change.
WIFI NETWORK ACCESS
User selects the network
EBRD AM GUESTS
Enter the password
AM2014WARSAW
1 2
Associated
Events
A Global Infrastructure Knowledge
and Collaboration Platform
Friday 16 May 10:00–12:30
Event Room: London B, Level 2 East
Sharing best practices from all continents
and countries is vital to the next stage
of global infrastructure development.
Infrastructure-dedicated platforms already
exist, yet often target specific audiences or
act as ‘information repositories’, as opposed
to virtual discussion platforms. A logical next
step should be to engage the private sector
in partnership with key stakeholders to create
a global platform for infrastructure knowledge
and collaboration.
This virtual collaboration system would allow
sharing thought leadership on Infrastructure
and hence forge a major redesign of today’s
brain trust in this space.
Open to all Annual Meeting participants.
Enquiries: oreillya@ebrd.com (Aya O’Reilly)
Discussion Panel:
Building Effective Partnerships
Friday 16 May 14:30–15:30
Event Room: Red, Level -2
The impact of EBRD donor partnerships
on people’s lives is tangible. This panel
discussion involves representatives
of small and medium-sized enterprises,
municipalities and industry experts from
countries that have benefited directly or
indirectly from donor support. Sharing their
experience of working with the EBRD, they
will explain how donor-funded projects have
helped them improve their business and
local environment.
Open to all Annual Meeting participants.
Enquiries: mcleode@ebrd.com
(Elisabeth McLeod)
Ensuring Sustainable Finance
in Transition Economies
Friday 16 May 08:45–18:00
Event Room: Warsaw, Level 2 East
The EBRD together with the Institute
of International Finance and Narodowy
Bank Polski will hold a one-day joint
event on Banking and Capital Markets.
The event will focus on the banks’ changing
business models and their impact on SME
financing, the evolving global financial
architecture to support cross-border banking
and how to grow reliable capital markets in
transition economies. Speakers will include
banking and capital markets practitioners,
market infrastructure experts, regulators
and professional market associations.
The event is targeted at banking and finance
professionals, including policy-makers,
market participants, academics, lawyers
and regulators.
Please register your interest by email
to engstroa@ebrd.com (Anna Engstrom)
Enquiries: reinerb@ebrd.com (Bojana Reiner)
Creating Value through
Effective Stakeholder Engagement
in Climate Finance
Friday 16 May 09:00–11:00
CSO Meeting Room, Level 2 East
Welcome Coffee 08:30–09:00
CSO Networking Area, Level 2 East
The EBRD and the Secretariat of the Climate
Investment Funds will organise a joint event
on effective stakeholder engagement in
climate finance.
The event will look at lessons learnt
and prospects for effective stakeholder
engagement in climate finance programmes.
The session will be structured as a facilitated
panel discussion and will focus on the value
of stakeholder inclusion in climate governance
and climate finance, analyse barriers to
engagement and participation, and advance
suggestions on how to manage expectations
and overcome obstacles to effective
stakeholder engagement. The session will
highlight the preliminarily outcomes from
the experience of the Climate Investment
Funds and the EBRD and provides an
opportunity for multi-stakeholder dialogue
with the objective to enhance stakeholder
engagement in climate finance governance
and decision-making.
The event is targeted at policy-makers,
banking and environmental professionals,
and civil society organisations.
By invitation only.
Enquiries: balbil@ebrd.com (Luisa Balbi)
Trade Facilitation Programme –
Information Session and Annual
Award Ceremony
Friday 16 May 09:00–15:00
Event Room: Rome, Level 2 East
The Trade Facilitation Programme (TFP)
currently includes over 104 Issuing Banks
in the EBRD region and more than 800
Confirming Banks worldwide.
This event will offer the opportunity to
network with the EBRD’s most active issuing
and confirming banks. Panellists include
representatives from the World Trade
Organisation, International Chamber
of Commerce and EBRD’s Office of the
Chief Economist who will discuss current
economic development and consequent
challenges for international trade and the
trade finance sector.
The TFP Annual Award Ceremony will
conclude the event, featuring recognition
of The Most Active EBRD TFP banks and
Best Transactions in 2013.
By invitation only.
Enquiries: TFPConference@ebrd.com
EBRD Annual Donor Meeting
Friday 16 May 09:15–14:30
Event Room: Red, Level -2
In 2013, EBRD donors provided significant
grant funding that totalled almost €349 million.
This financing was used to complement and
support investments where they were most
needed in all sectors across the EBRD region.
At this event, which will be opened by the EBRD
President Suma Chakrabarti, the donor
community and the Bank will discuss the
results of the past year of partnership
and consider future challenges.
During the meeting, the Bank will launch
its new Donor Report, available for the
first time in digital format.
By invitation only.
Enquiries: mcleode@ebrd.com
(Elisabeth McLeod)
40 EBRD Annual Meeting  Business Forum 201440
2015 Annual Meeting
 Business Forum
We look forward to welcoming you on
14  15 May next year in Tbilisi, Georgia
www.ebrd.com/am
Flagship Forum Partner
Raiffeisen Bank International AG (RBI) regards both
Austria, where it is a leading corporate and investment
bank, and Central and Eastern Europe (CEE) as its home
market. In CEE, 15 markets of the region are covered
by subsidiary banks. Additionally, the Group comprises
numerous other financial service providers, for instance
in the fields of leasing, asset management and mergers
and acquisitions. In total, around 58,000 employees
service about 14.6 million customers through more than
3,000 business outlets, the great majority of which are
located in CEE.
Major Forum Partner
UniCredit is a rock-solid European commercial bank,
with a network embracing 50 countries worldwide.
The Group operates in 17 European markets: Austria,
Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia,
Czech Republic, Germany, Hungary, Italy, Poland,
Romania, Russia, Serbia, Slovakia, Slovenia,
Turkey, Ukraine.
In CEE UniCredit is market leader in terms
of assets, network (nearly 3,600 branches),
employees (nearly 68,000), expertise and
is the preferred partner for local and cross-border
business. (Data as of 31 December 2013).
Major Forum Partner
Sberbank of Russia is Russia’s largest bank and a
leading global financial institution. Holding almost one
third of aggregate Russian banking sector assets, it is a
key lender to the national economy and the biggest deposit
taker in Russia. The Central Bank of the Russian Federation
is its founder and principal shareholder.
Sberbank has the largest distribution network in Russia
with more than 18,000 branches, over 110 million
individual customers and 1 million corporate clients
in 22 countries.
Acknowledgements
The EBRD Business Forum would like
to thank the following Forum Partners
and organisations who have contributed
to the success of the event:
The text on these pages were provided
by the companies themselves.
42 EBRD Annual Meeting  Business Forum 2014
Special Event Partner
Akfen Holding is one of Turkey’s top infrastructure
investment holdings. Akfen invests in, manages and
coordinates its subsidiaries and affiliates active in
industries such as airport management and operations,
construction, port operations, marine transport,
water distribution and waste water services, energy
and real estate. The holding has joint ventures with
such well-renowned national and international
corporate enterprises.
Special Event Partner
Bank of Georgia, the leading bank in Georgia with more
than a third of the market share based on total assets,
serves more than one million client accounts. The Bank
offers a broad range of retail and corporate banking,
investment management, brokerage and insurance
services to its clients. Bank of Georgia’s UK incorporated
holding company Bank of Georgia Holdings plc is listed
on the main market of the London Stock Exchange.
Forum Partner
Media Partner International Media PartnerPremier Forum Newspaper
Changing Economies, Changing Lives 43
Security
Security will be strictly enforced in all the
Annual Meeting venues. To ensure the
safety of all participants, security badges
must be displayed at all times in the venues.
Under no circumstances should your security
badge be lent to another participant. At the
venues entrances, participants will be
required to pass through security checks
and to have their belongings screened
and, if necessary, searched.
First aid
The Polish National Health Service will provide
an emergency medical service at the National
Stadium and will be located in the first aid
rooms, on Level -2 East and West sides.
The medical staff will be supported by
an ambulance at the National Stadium,
the Reception for All Participants and the
Royal Castle during the events.
The National Stadium is an extremely large
building; it is over 1 kilometre in circumference
at its widest part. It can take up to 10 minutes
to walk from the East to the West side. Visitors
are therefore recommended to wear sensible
footwear whilst at the stadium and carry a small
bottle of water with them to remain hydrated.
Finding your way to events
Directional assistants will be located
throughout the venue to answer questions
regarding the location of events and meeting
rooms. These staff can be recognised by the
“i” (information) symbol on the back of their
polo shirts.
Transport
Narodowy Bank Polski (National Bank of
Poland) will arrange a shuttle bus service for
Annual Meeting participants to and from the
airport and official hotels. Shuttle buses will
take participants to the National Stadium
from official hotels. A shuttle service will
also be provided to the Reception for All
Participants from the National Stadium.
On Thursday 15 and Friday 16, shuttle buses
will take participants from the National Stadium
to the airport. Timetables and routes will be
made available at the airport on arrival and
at the official Annual Meeting hotels’ lobbies.
Design Fivefootsix Photography Artur Bogacki/shutterstock (35), Anna Bogush/shutterstock (32), Dermot Doorly (12, 33, 38),
diak/shutterstock (18), Fivefootsix (5), fotostory/shutterstock (32), Gnatkov Solar Energy (19), Jacek_Kadaj/iStockphoto (FC, 36),
Jacek_Kadaj/shutterstock (3), Mach kazu/iStockphoto (28), Dan Kelly (30), Andy Lane (3, 10, 17, 19, 20, 22, 26), National Stadium
Warsaw/pl.2012+ (2), PHOTOCREO Michal Bednarek/shutterstock (15), Bogdan Postelnicu/shutterstock (35), Agata Steifer (37),
TDway/shutterstock (31), Maxal Tamor/iStockphoto (34), Dejan Vekić (28, 33), Luis Viegas/shutterstock (27), Bryan Whitford (9)
Print Park Communications Ref 410 AM14 Programme Brochure (E/2000)
Further information
European Bank for Reconstruction
and Development
One Exchange Square
London EC2A 2JN
United Kingdom
Switchboard/central contact
T +44 (0)20 7338 6000
F +44 (0)20 7338 6100
General enquiries
Office of the Secretary General
T +44 (0)20 7338 7701
F +44 (0)20 7338 7320
aminvitations@ebrd.com
Press enquiries
Communications Department
T +44 (0)20 7338 7986
F +44 (0)20 7338 6102
press@ebrd.com
Civil society enquiries
Civil Society Engagement Unit
T +44 (0)20 7338 8194
F +44 (0)20 7338 6047
cso@ebrd.com
Requests for EBRD publications
Communications Department
T +44 (0)20 7338 7553
F +44 (0)20 7338 6102
pubsdesk@ebrd.com
Registration and hotel
reservations enquiries
EBRD Event Team
Grass Roots
Linea, Harvest Crescent
Ancells, Business Park
Fleet, Hants GU51 2UZ
United Kingdom
T +44 (0)1252 776 314
F +44 (0)1252 776 301
EBRDAMRegistration@regteam.com
EBRDAMHotels@regteam.com
General Information
and Contacts
44 EBRD Annual Meeting  Business Forum 2014
№ 1 Trade finance Bank in Russia
and the CIS
Comprehensive range of trade
finance and documentary
business products
Servicing exporters and
importers through 20 thousand
offices in Russia and network
in 22 other countries.
Many talk about Capital Market Transactions
in Central and Eastern Europe and beyond.
We do them.
Raiffeisen Bank International has relationships in Austria and Central
and Eastern Europe second to none. Close relationships, too,
with major investors worldwide. Investors value our regional
know-how and market access, giving issuers firm placement
at the right price. www.rbinternational.com
3

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AM14 Programme Brochure

  • 1. Warsaw 2014 EBRD Business Forum at the Twenty-Third Annual Meeting of the EBRD Board of Governors Changing Economies Changing Lives Warsaw, Poland 14–15 May 2014
  • 2. Welcome toLife is full of ups and downs. We’re there for both.
  • 3. Let me be the first to welcome you to Warsaw, Poland’s largest city, and its cultural, economic and historic heart. Successful, dynamic, business-minded, youthful – these are just a few of the adjectives applied to the Polish capital, a city which combines old and new, the historic and the avant-garde, and which is the backdrop and venue for the 2014 EBRD Business Forum. Changing Economies, Changing Lives is the overarching theme this year, fitting for a programme of discussion and networking events that will reflect on the state of economic and political transition. Over the next few days, we will not only cast a probing eye on current economic developments but will also consider the challenges facing the region in the decades to come. The year 2014 marks three important anniversaries in the story of transition: it is 25 years since the fall of the Berlin Wall and the first free elections in the communist world in Poland, and a decade since 8 central and eastern European countries joined the EU. Few would quibble with the assertion that much has been achieved in this relatively short span of time. Nonetheless, serious challenges remain. Still suffering from the after-effects of the global financial crisis, a number of countries have been beset by political crisis and volatility, becoming laggards in transition and occasionally stalling on necessary reforms. Panel discussions at the Business Forum will consider what is needed to re-ignite growth and re-energise transition where it has slowed or come to a standstill. We will consider the imperative of reforms across the EBRD region, old and new, as well as the crucial drivers of growth, such as investment in infrastructure, energy efficiency and diversification of energy supply. Business climate, business confidence and investment prospects are intimately related. At the Business Forum, you will be able to assess these all-important factors in greater detail at the Investment Outlook sessions – your chance to learn more about investment prospects from policy-makers and business people in a given country. The hopes and idealism unleashed by the Arab Spring were the starting point for historic, rapid change which continues to unfold in the newest EBRD countries of operations. We will incorporate many of the issues confronting Egypt, Jordan, Morocco and Tunisia into our discussion panels. These countries provide a wealth of opportunity and challenge. In this historic year, what lessons can be learnt and applied from the traditional EBRD countries of operations to this new region? We have made networking and social events an intrinsic part of your experience in Warsaw – a good chance for you to meet the many business executives, investors, policy-makers and officials who attend. The EBRD would like to express its gratitude to the Polish Authorities for hosting the Annual Meeting of the Board of Governors and Business Forum in Warsaw. Legend has it that Wars and Sawa, a young fisherman and a mermaid, gave their names to the settlement on the Vistula which grew into this modern capital city. Polish tradition and customs are in the fabric of everyday life, the country’s history complex and inspiring, and its people’s hospitality legendary. During the Annual Meeting, I hope that you will have an opportunity to experience the warmth and energy of the people who have made this capital city so exciting. Enzo Quattrociocche Secretary General Welcome to Warsaw 2014 Over the next few days, we will cast a probing eye on current economic developments but will also consider the challenges facing the region in the decades to come Changing Economies, Changing Lives 01
  • 4. Contents 10Twenty-Third Annual Meeting of the EBRD Board of Governors 12Business Forum Overview 04The Venue The Business Forum is a perfect opportunity to bring people together. Connect with old business links and make new contacts – networking and social events will help you exchange ideas and develop new relationships with the people making a difference. For continuous updated programme information visit: www.ebrd.com/am or download the MyEBRD app. 02 EBRD Annual Meeting & Business Forum 2014
  • 5. 40Associated Events 40 Ensuring Sustainable Finance in Transition Economies 40 Creating Value through Effective Stakeholder Engagement in Climate Finance 40 Trade Facilitation Programme – Information Session and Annual Award Ceremony 40 EBRD Annual Donor Meeting 40 A Global Infrastructure Knowledge and Collaboration Platform 40 Discussion Panel: Building Effective Partnerships 24Events Schedule 30Investment Outlook Sessions 44General Information and Contacts 16Discussion Panels 16 Return to Convergence: Re-igniting Reforms and Promoting Growth 16 Accelerating Infrastructure to Boost Growth and Employment 17 Energy Transition: Security, Affordability and Climate Change 18 Connecting Emerging Europe and Emerging Asia 19 The Story of 25 Years of Environment and Climate Change in Transition Countries 20 Transition and Governance: Past Successes, Future Challenges 21 The Growing Importance of Institutional Investors in Transition Economies 21 Are You Ready for e-Procurement? 22 Women in the Economy: Boosting Transition through Diversity 36Host Country Event 36 Fascinating Times: 25 Years of Transition in Central Europe Changing Economies, Changing Lives 0303
  • 6. 2 3 4 6 1 7 5 8 The Venue An Overview of Central Warsaw Map Key 1 Hotel Bristol Warsaw 2 InterContinental Warszawa 3 Mercure Warszawa Centrum 4 Mercure Grand Warszawa 5 Radisson Blu Centrum The full events schedule can be found on pages 24–25 or visit: www.ebrd.com/am 6 Sheraton Warsaw Hotel 7 Sofitel Warsaw Victoria 8 Westin Warsaw Tram Station 04 EBRD Annual Meeting & Business Forum 2014
  • 7. The Venue The Campus All events are taking place at the National Stadium. The Reception for All Participants will take place at the Kubicki Arcades of the Royal Castle. The Registration Marquee is located at the west entrance of the National Stadium on Level -3. Getting Around Narodowy Bank Polski (National Bank of Poland) will arrange a shuttle bus service for Annual Meeting participants to and from the airport and official hotels. Shuttle buses will take participants to the National Stadium from official hotels. A shuttle service will also be provided to the Reception for All Participants from the National Stadium. On Thursday 15 and Friday 16, shuttle buses will take participants from the National Stadium to the airport. Timetables and routes will be made available at the airport on arrival and at the official Annual Meeting hotels’ lobbies. There is a tram stop located at the National Stadium (Rondo Waszyngtona-Stadion Narodowy – in Polish). The tram station in central Warsaw is located near the Marriot Hotel at the Central Railway Station. Tram numbers 7, 8, 9, 22, 24, 25 can be accessed from there. There are several taxi companies in Warsaw. Taxis are easily found at hotel entrances and many accept credit card payment. Successful, dynamic, business-minded, youthful – these are just a few of the adjectives applied to the Polish capital Changing Economies, Changing Lives 05
  • 8. National Stadium Floor Plan Level 2 East Level 2 East is where most of the events will take place. The Networking Area, Internet Café and Publications Desks are also located in this area. 06 EBRD Annual Meeting & Business Forum 2014
  • 9. Internet Café The Internet Café is located in the Networking Area on Level 2 East. The PCs provide internet access as well as access to the MyEBRD mobile-based networking tool. Food and Drink Commercial coffee points are available at different locations within the venue, including in the Networking Area located on Level 2 East, from 08:00 to 19:00. An A la carte Restaurant is available for sit-down lunch from Wednesday to Friday inclusive, from 11:00 to 16:00 within the Business Club, Level 0 West. Credit card (except American Express card) and local currency cash payments are accepted in all commercial catering facilities. The Networking Breakfasts on Wednesday and Thursday will be available in the Warsaw Event Room, Level 2 East. Networking Lunches on both days will take place in the Business Club, Level 0 West. Networking Breakfasts and Lunches are complimentary and open to all Annual Meeting participants. WiFi Network Access A wireless network is available throughout the venue. Business guests should access the EBRD AM GUESTS network by following the directions and access code provided inside the participants’ bags. For more details please visit the Information Desk. Press should access the EBRD AM PRESS network by following the directions and access code provided inside the participants’ bags. For more details please visit the Press Unit Information Desk. Event Rooms Level 2 East Amsterdam Barcelona CSO Meeting Room London A London B Paris Rome Warsaw Level 0 West Business Club White Room Level -1 East Press Briefing Room Level -2 Red Room (also accessible via inner stadium promenade on Level 0) Floor Plan Overview For access between East and West use the inner stadium promenade on Level 0. East West Changing Economies, Changing Lives 07
  • 10. ACHIEVING SUCCESS TODAY AND TOMORROWAkfen Holding is one of Turkey’s top infrastructure investment holdings that invests in, manages and coordinates its subsidiaries and affiliates active in industries such as airport management and operations, construction, port operations, maritime transportation, water distribution and waste water services. energy and real estate. TAV Airports · TAV Construction · Akfen Construction · Mersin International Port/MIP İstanbul Fast Ferries/İDO · Akfen Energy · Akfen Reit · Akfen Water www.akfen.com.tr
  • 11. Networking Area Governors’ Statements and Official Documents The Governors’ Statements and Official Documents, located in the Networking Area, opposite the Internet Café on Level 2 East, Level 0 West on the Promenade and outside the Red Event Room on Level -2, can provide copies of opening and closing statements and the order of speaking. Copies of the other shareholder statements may also be obtained when available. Internet Café The Internet Café is located in the Networking Area on Level 2 East. The PCs provide internet access as well as access to the MyEBRD mobile-based networking tool. Sponsored by Information and Meeting Request Desks Staff at the Information Desks can advise on all aspects of the Annual Meeting and Business Forum. Contact details for offices of official delegations or EBRD staff at the event can be found at the desks. Information about existing EBRD projects, financing of new projects across all of the Bank’s existing countries and sectors can also be found here. Staff at the desks can arrange meetings between EBRD representatives and people taking part at the Annual Meeting and book meeting rooms for you. It is also possible to book meeting rooms via email at meetingrequests@ebrd.com. Informal meetings can also be held in the Networking Area. For information and meeting requests, please go to the EBRD Information Desks located on Level -3 West, next to the main entrance or to the Networking Area on Level 2 East. EBRD Publications Desk A wide range of key Bank publications – from the Annual Report to brochures, leaflets, and infosheets – is on display at the EBRD Publications Desk which is situated in the Networking Area on Level 2 East. MyEBRD Information Desk Visit MyEBRD Information Desk in the Networking Area on Level 2 East to learn how to make the most out of the mobile based application. You can create your own agenda, set-up meetings and much more. Sponsored by Welcome to the Networking Area, where you can interact with other participants, access the internet and the MyEBRD app, take a break between sessions, visit display stands and pick up copies of Governors’ statements, EBRD publications and non-EBRD publications. For continuous updated programme information visit: www.ebrd.com/am or download the MyEBRD app. Changing Economies, Changing Lives 09
  • 12. Twenty-Third Annual Meeting of the EBRD Board of Governors 10 EBRD Annual Meeting & Business Forum 2014
  • 13. Board of Governors’ Sessions will take place on Wednesday 14 and Thursday 15 May and will be chaired by Mr Marek Belka, EBRD Governor for Poland and President of Narodowy Bank Polski. The official programme will begin with the Opening Session, with statements by a representative of the Polish Authorities, the Chair of the Board of Governors and the EBRD President. This will be followed by addresses given by the Prime Ministers of Montenegro, Moldova and Kyrgyz Republic, the EU Commissioner for Enlargement and Neighbourhood Policy and a representative of the Polish Authorities. The Opening Session, commencing at 10:00 and finishing at 12:00, will be open to all Annual Meeting participants. Those wishing to attend should arrive at the White Room by 09:50. Changing Economies, Changing Lives 11
  • 15. It’s a very unique and very exceptional opportunity to find so many people together from many different countries which is useful for a bank like us doing business in emerging markets Annual Meeting Participant London 2012 The two-day Business Forum programme will offer: — Nine Discussion Panels reviewing the transition process and how political and economic reforms can be driven forward. — Ten Investment Outlook sessions exploring the latest investment prospects and challenges across the EBRD region. — A Host Country Event – Fascinating Times: 25 Years of Transition in Central Europe providing ample opportunity to touch upon multiple perspectives of transformation. — A number of networking and social events giving participants time to connect and exchange views with others from across the EBRD region. — A Civil Society Programme providing an opportunity for civil society stakeholders to learn more about the EBRD’s policies and investment projects. — Two days of Press Briefings. Look out for further information in the Press Filing Centre on Level -1 East. WiFi Network Access A wireless network is available throughout the venue. Find access instructions inside the participants’ bags or at the Information Desks. Changing Economies, Changing Lives 13
  • 16.
  • 17. Reception for All Participants Wednesday 14 May 19:00 onwards Kubicki Arcades of the Royal Castle, Grodzka Street entrance A Reception for All Participants will be held at the Kubicki Arcades, the only part of the Royal Castle – the ancient residence of Polish Kings and the former House of Parliament in Warsaw – to survive World War II. Surrounded by the Royal Gardens and located in the Old Town, the Arcades are inscribed on the UNESCO World Heritage List. The organiser – Narodowy Bank Polski – hopes that guests will spend an unforgettable evening and enjoy live music, an extraordinary performance by versatile jazz musician, Leszek Możdżer and unique accordion trio, Motion Trio, as well as a Polish animated film show with pieces by world famous Oscar® nominated Polish animator and director, Tomasz Bagiński in the unique ambience and architecture of the Arcades. Last but not least, guests will have a chance to wander through the royal chambers of the Royal Castle. The Host Country Authorities will arrange coach transfers from the National Stadium to the Kubicki Arcades. Further details will be published in the official Transport Brochure. Networking Breakfast Thursday 15 May 08:15–08:45 Event Room: Warsaw, Level 2 East All participants are invited to enjoy a continental breakfast. The breakfast will be followed by a panel discussion, The Story of 25 years of Environment and Climate Change in Transition Countries, and the EBRD’s 2014 Sustainability Awards. Networking Breakfast Wednesday 14 May 08:00–08:15 Event Room: Warsaw, Level 2 East All guests are cordially invited to the networking breakfast. This will be followed by the Return to Convergence: Re-igniting Reforms and Promoting Growth discussion panel. A seated continental breakfast will be served. Networking Lunch Wednesday 14 May 12:00–13:15 Business Club, Level 0 West An excellent opportunity to connect with participants over a buffet lunch. Open to all. Sponsored by Networking Lunch Thursday 15 May 13:00–14:00 Business Club, Level 0 West A further networking opportunity open for all participants. A buffet lunch will be served. 25 Years of Freedom Photo Exhibition (25 lat wolnocsi) Thursday 15 May 17:00–19:00 Event Room: Rome, Level 2 East Discussion: 17:00–18:00 Awards Ceremony: 18:00–18:15 Reception: 18:15–19:00 A photo competition entitled 25 Lat Wolnosci (25 Years of Freedom) was held in Poland in February–March 2014. Entrants provided a glimpse of the fundamental changes the country has undergone since the fall of the Iron Curtain. Organised jointly with Raiffeisen Polbank and Gazeta Wyborcza, the contest will conclude with an award ceremony and a conversation between the writer Andrey Kurkov and the journalist Quentin Peel. The winning entries will be displayed at the conference venue. www.wolnosc25.pl Special Guests Andrey Kurkov, Novelist and Commentator, Ukraine Quentin Peel, Former Foreign Editor, Financial Times Interpretation available English and Polish Calling All EBRD Alumni! Thursday 15 May 18:00–20:00 Event Room: London B, Level 2 East Former Bank employees are cordially invited to a reception at the Annual Meeting. This is a chance to re-ignite personal contacts and to network among friends and former colleagues. Attending will be a number of prominent Polish alumni, including Warsaw Mayor Hanna Gronkiewicz-Waltz, former EBRD Board directors for Poland, the Chair of the Alumni Association, members of senior management, as well as the Warsaw Resident Office staff. By invitation only. Enquiries: alumniE@ebrd.com Networking Events Changing Economies, Changing Lives 1515
  • 18. Discussion Panels Accelerating Infrastructure to Boost Growth and Employment Wednesday 14 May 14:00–15:30 Event Room: Paris, Level 2 East Infrastructure is considered a key driver and enabler of economic growth, diversification and global competitiveness. The ability of governments to deliver infrastructure in a conventional direct borrowing or funding mode is diminishing rapidly. It is therefore important to look for ways in which past and present experience can be used to enable public and private decision-makers, including those in emerging markets, to find ways forward for accelerated infrastructure delivery. A panel of high-level practitioners will discuss ways in which a sustainable up-lift of infrastructure modernisation can be delivered, based on positive experience gained in the EBRD countries and other emerging markets. Moderator Thomas Maier, Managing Director, Infrastructure, EBRD Panellists Thierry Déau, CEO, Meridiam Hanna Gronkiewicz-Waltz, Mayor of Warsaw, Poland Peter Mandelson, Chairman, Global Counsel Robert Milliner, Australia B20 Sherpa, B20 Australia James Stewart, Chairman Global Infrastructure, KPMG LLP Alex Wong, Head, Center for Global Industries and Head Basics Infrastructure Industries, World Economic Forum Deborah Zurkow, CIO and Head of Infrastructure Debt, Allianz Global Investors Interpretation available English and Russian Return To Convergence: Re-Igniting Reforms and Promoting Growth Wednesday 14 May 08:15–09:45 Event Room: Warsaw, Level 2 East Networking Breakfast will be served from 08:00 The last 25 years of change and transition since the fall of the Berlin Wall in former communist Europe have produced both transition champions and transition laggards. What are the growth prospects for the region in the short term and the longer term? Will income convergence with the advanced countries resume and, if not, why not? There is widespread consensus on the policies and reforms needed to invigorate growth, yet reforms have stagnated since the mid-2000s. What are the political, social and human capital constraints standing in the way of new reforms and how can these constraints be overcome? What can be done to re-ignite reforms and create a virtuous circle of sustainable growth and greater prosperity? Moderator Erik Berglof, Chief Economist, EBRD Panellists Jan Krzysztof Bielecki, Chairman, Economic Council of the Prime Minister, Poland HE Daniela Bobeva, Deputy Prime Minister for Economic Development, Bulgaria Ahmed Galal, Managing Director, Economic Research Forum Fabrizio Saccomanni, Senior Economic Advisor, Istituto Affari Internazionali Mateusz Szczurek, Minister of Finance, Poland Andris Vilks, Minister of Finance, EBRD Governor, Latvia Interpretation available English and Russian What are the political, social and human capital constraints standing in the way of new reforms and how can these constraints be overcome? 16 EBRD Annual Meeting Business Forum 2014
  • 19. Energy Transition: Security, Affordability and Climate Change Wednesday 14 May 16:00–17:30 Event Room: Warsaw, Level 2 East Achieving the right balance between security, affordability and environmental considerations is one of the most difficult propositions for national governments. Energy security is necessary for social and economic stability, affordability is key for industrial competitiveness and consumer well-being, while climate change remains a serious environmental concern. The panel will discuss what is being done to address these issues and whether or not technological development is the only way forward. Bedevilled by high energy costs and worries about the security of supply, technological development has been seen as crucial for the development of transition economies. Moderator Riccardo Puliti, Managing Director, Head of Energy and Natural Resources, EBRD Panellists Jan Chadam, President of the Management Board, Gaz System S.A. Thane Gustafson, Professor of Political Science and writer, Georgetown University Anna Striżyk, CFO, ZE PAK S.A. Roman Szyszko, Executive Vice President and CFO, Energa SA Interpretation available English and Russian Changing Economies, Changing Lives 17
  • 20. Connecting Emerging Europe and Emerging Asia Wednesday 14 May 16:30–17:30 Event Room: Rome, Level 2 East The panel will discuss growing economic linkages between emerging Asia and emerging Europe and the potential for further deepening of trade, investment, financial and other links. In the past, economic linkages between Europe and Asia ran primarily at the level of developed countries (for example, Japan, Singapore and the core EU economies). This pattern has been changing rapidly, with increasing direct linkages between emerging markets in Asia and in Europe. The discussion will focus on the policy implications of these growing ties – including potential gains from trade and investment. It will review the importance of trade facilitation, infrastructure and institution- building in promoting economic linkages, as well as the role played by various regional economic cooperation initiatives. The panel discussion will be preceded by a short presentation given by the EBRD Chief Economist and the Dean of the Asian Development Bank Institute of the preliminary findings of the joint study on this subject, currently being prepared by EBRD and the ADBI. Moderator Jonathan Charles, Director of Communications, EBRD Panellists Suma Chakrabarti, President, EBRD Werner Hoyer, President, EIB Dimitris Tsitsiragos, IFC Vice President, World Bank Group Rolf Wenzel, Governor, Council of Europe Development Bank Naoyuki Yoshino, Dean, Asian Development Bank Institute Interpretation available English and Russian In the past, economic linkages between Europe and Asia ran primarily at the level of developed countries. This pattern has been changing rapidly… Discussion Panels 18 EBRD Annual Meeting Business Forum 2014
  • 21. The Story of 25 Years of Environment and Climate Change in Transition Countries Thursday 15 May 08:45–10:15 Event Room: Warsaw, Level 2 East Networking Breakfast will be served from 08:15 Sustainability Report Launch: 08:45–09:00 Discussion Panel: 09:00–09:50 Award Ceremony: 09:50–10:15 The Environment and Sustainability Department and the Energy Efficiency and Climate Change team will hold a panel discussion on environmental and social issues, as well as climate change mitigation, in countries where we invest. It will also be an opportunity to present the 2014 EBRD Sustainability Awards, which recognise the achievements of Bank clients in environmental protection and energy efficiency, and to launch the Sustainability Report 2013. The discussion panel aims to provide a personal perspective on the effects of 25 years of transition on the environment, climate change and society, including consideration of such issues as the impact of EU integration and commitments made under other international conventions and agreements on environmental and social topics. Moderator Josué Tanaka, Managing Director, Operational Strategy and Planning, Energy Efficiency Climate Change, EBRD Panellists Stephen Lintner, Former Senior Technical Adviser, World Bank Jacqueline McGlade, Chief Scientist, United Nations Environment Programme Interpretation available English and Russian Award Ceremony sponsored by Changing Economies, Changing Lives 19
  • 22. Transition and Governance: Past Successes, Future Challenges Thursday 15 May 10:00–11:30 Event Room: Paris, Level 2 East The year 2014 marks three important anniversaries in the story of transition: it is 25 years since the fall of the Berlin Wall and the first free elections in the communist world in Poland, and a decade since 8 central and eastern European countries joined the European Union. The panel will open with a keynote address reviewing and assessing the transition experience of the past 25 years, with an emphasis on the role that good political and economic governance has played in supporting the transition. The panel members will examine key factors that have impeded economic and political reform progress in certain countries, including poor governance and persistent corruption. The panel will also look at lessons learned in addressing problems in the business environment, tackling corruption and strengthening the rule of law. Moderator Andras Simor, Vice President, Policy, EBRD Keynote Speaker Aleksander Kwaśniewski, Former President, Poland Panellists Miklós Marschall, Deputy Managing Director, Transparency International Alina Mungiu-Pippidi, Director, European Research Centre for Anti-Corruption and State-Building ERCAS, Hertie School of Governance HE Djoomart Otorbaev, Prime Minister, Kyrgyz Republic Interpretation available English and Russian Discussion Panels 20 EBRD Annual Meeting Business Forum 2014
  • 23. The Growing Importance of Institutional Investors in Transition Economies Thursday 15 May 11:30–13:00 Event Room: Rome, Level 2 East Banks across the globe are facing increasing capital constraints, resulting in shifting emphasis on certain activities and a reduced appetite for long-term lending to the corporate and infrastructure sectors. As the non-banking financial sector continues to expand, this discussion will focus on the growing importance of institutional investors in the development of capital markets in transition economies. Investors such as pension funds, sovereign wealth funds, insurance companies and asset managers have the ability to exert a significant influence on capital flows in the EBRD’s region. This panel will explore the challenges and opportunities faced by the institutional investment community and how these investors can mobilise funds in support of economic development. Moderator Ralph Atkins, Capital Markets Editor, Financial Times Ltd. Panellists Gianni Franco Papa, Head of CEE Division,UniCredit Alexander Popov, Head of Trust Management Department, Vnesheconombank Manfred Schepers, Vice President and CFO, EBRD Paweł Tamborski, Under-Secretary of State, Ministry of the Treasury, Poland Danny Truell, CIO, The Wellcome Trust Deborah Zurkow, CIO and Head of Infrastructure Debt, Allianz Global Investors Interpretation available English and Russian Are You Ready for e-Procurement? Thursday 15 May, 14:00–15:30 Event Room: Amsterdam, Level 2 East Reception: 15:30–16:00 Improving public procurement policies is on the agenda of many countries, both to ensure optimal use of scarce budget resources and to develop and promote anti-corruption initiatives. The panel discussion will explore latest best practice to create modern and efficient public procurement frameworks, with a focus on the use of e-Procurement tools, recent success stories, and on the impact that international organisations can have on implementing successful eProcurement reforms in transition countries. Following the panel discussion, the new issue of the EBRD legal journal devoted to Enforcing Court Decisions in Transition Countries will be presented and copies made available to all participants. Moderator Gustavo Piga, Professor of Economics, Department of Business, Government and Philosophy Studies, University Rome Tor Vergata Panellists Paulo Magina, Senior Policy Analyst, Public Sector Integrity Division, OECD Eliza Niewiadomska, Principal Counsel- Public Procurement, Legal Transition Programme, EBRD Tato Urjumelashvili, International Expert, EBRD UNCITRAL Initiative Interpretation available English and Russian Investors such as pension funds, sovereign wealth funds, insurance companies and asset managers have the ability to exert a significant influence on capital flows in the EBRD’s region Changing Economies, Changing Lives 21
  • 24. Women in the Economy: Boosting Transition through Diversity Thursday 15 May 15:00–16:45 Event Room: Warsaw, Level 2 East Award Ceremony and Reception: 16:15–16:45 The Women in Business Panel aims to deliver a rich debate and an exchange of ideas and experiences on how women empower the economy. The discussion will explore the wider role in which women can contribute to the economy as well as in business, and how the economy can benefit. The topic builds upon last year’s discussion, which debated the business case for greater gender diversity on management boards. It will look at questions such as, why women continue to face challenges in becoming key players in the corporate world; what is the net result of these challenges on businesses, the economy and society; and what measures should be taken by governments and the private sector to address the negative impacts that they have. The panel discussion will be followed by an Award Ceremony which recognises three women from the Bank’s countries of operations, who have made outstanding contributions in the following categories: Entrepreneurship, Industry and Banking/FI. Moderator Sally Bundock, Presenter, World Business Report, BBC World News Panellists Nezha Hayat, Chairperson and CEO of Sogelease, Société Générale Maroc group Hreggvidur (Reggie) Jonsson, Chairman, Icelandic Chamber of Commerce Júlia Király, Member of the Board, KBC Group NV Alicja Kornasiewicz, Managing Director, Head of Poland and CEE, Morgan Stanley Co International Limited Interpretation available English and Russian Award Ceremony sponsored by A rich debate and an exchange of ideas and experiences on how women empower the economy Discussion Panels 22 EBRD Annual Meeting Business Forum 2014
  • 25.
  • 26. Events Schedule Wednesday 14 May Thursday 15 May Venue National Stadium National Stadium National Stadium National Stadium Level -2 2 East 2 East 2 East Event Red Rome Amsterdam London B Room 08:00 09:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:00 Venue National Stadium National Stadium National Stadium National Stadium Level -2 2 East 2 East 2 East Event Red Rome Amsterdam London B Room 08:00 09:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:00 18:00 19:00 Board of Governors’ Second Session Roundtable Discussion (Closed session) 13:15–15:45 Board of Governors’ Third Session Governors’ Statements 09:00–11:30 The Growing Importance of Institutional Investors in Transition Economies 11:30–13:00 RBI Session: Recent Dynamics in the CEE Banking Industry and its Outlook 10:30–11:30 Kyrgyz Republic 12:00–13:00 Civil Society as a Partner in Transition 09:15–10:30 Are you Ready for e-Procurement? 14:00–15:30 Reception 15:30–16:00 Ukraine 14:30–15:30 25 Years of Freedom 17:00–18:00 Award Ceremony and Reception 18:00–19:00 Calling All EBRD Alumni! 18:00–20:00 (By invitation only) Kazakhstan 08:45–09:45 Morocco 13:30–14:30 Georgia 14:15–15:15 Connecting Emerging Europe and Emerging Asia 16:30–17:30 Bulgaria 15:00–16:00 24 EBRD Annual Meeting Business Forum 2014
  • 27. National Stadium National Stadium National Stadium 2 East 2 East 2 East Paris Barcelona Warsaw National Stadium National Stadium National Stadium 2 East 2 East 2 East Paris Barcelona Warsaw Further Networking Events Board of Governors’ Opening Session Host Country Events Schedule Key Board of Governors’ Opening Session Addresses by Heads of Government from the EBRD’s region of operations and the European Commission Speech by a representative of the Polish Authorities Wednesday 14 May Event Room: White, Level 0 West 10:00–12:00 Transition and Governance: Past Successes, Future Challenges 10:00–11:30 Romania 08:45–09:45 Networking Breakfast 08:00–08:15 Return to Convergence: Re-igniting Reforms and Promoting Growth 08:15–09:45 Networking Lunch Wednesday 14 May Business Club, Level 0 West 12:00–13:15 Reception for All Participants Wednesday 14 May Kubicki Arcades of the Royal Castle 19:00 onwards Networking Lunch Thursday 15 May Business Club, Level 0 West 13:00–14:00 Energy Transition: Security, Affordability and Climate Change 16:00–17:30 Turkey 15:45–16:45 Accelerating Infrastructure to Boost Growth and Employment 14:00–15:30 Russian Federation 16:00–17:00 Bosnia and Herzegovina 10:30–11:30 Networking Breakfast 08:15–08:45 Sustainability Report Launch and The Story of 25 Years of Environment and Climate Change in Transition Countries 08:45–09:50 Investment Outlook Sessions Forum Partner Events Host Country Events Networking Events Discussion Panels Women in the Economy: Boosting Transition through Diversity 15:00–16:15 Awards Ceremony and Reception 16:15–16:45 Awards Ceremony 09:50–10:15 UniCredit Session: A Banking System for a Sustainable Growth in CEE 14:00–15:00 Other Events Fascinating Times: 25 Years of Transition in Central Europe Wednesday 14 May Event Room: White, Level 0 West 16:00–18:30 Institutional Events Changing Economies, Changing Lives 25
  • 28. UniCredit Session: A Banking System for a Sustainable Growth in CEE Thursday 15 May 14:00–15:00 Event Room: Barcelona, Level 2 East 10 years after the first European enlargement to CEE countries – coping also with one of the deepest financial and economic crises of our time – banking in CEE has gone through several changes. Building a more resilient financial system capable of supporting sustainable economic growth is currently one of the main shared targets of both public and private sectors operating in CEE. Where do we stand now in this regard? Are we moving in the right direction? What kind of role do the banks need to play in order to support a sustainable economic growth? These are a few questions that UniCredit’s sponsored panel will try to answer. Moderator Carmelina Carluzzo, Deputy Head of CEE Strategic Analysis, UniCredit Bank Austria Panellists Luigi Lovaglio, President of the Management Board, CEO, Bank Pekao Wilhelm Molterer, Vice President and Governor, EIB Boris Vujčić, Governor, Croatian National Bank Raiffeisen Bank International Session: Recent Dynamics in the CEE Banking Industry and its Outlook Thursday 15 May 10:30–11:30 Event Room: Amsterdam, Level 2 East This session will look at the latest developments in loan growth, profitability, NPLs, loan deposit ratios, amongst others, across the region compared with the eurozone. In addition, it shall give an indication on growth potentials of single markets as well as reflect on how the latest political developments will have an impact on the banking industry. Moderator Michael Palzer, Head of Marketing and Event Management, Raiffeisen Bank International Panellists Piotr Czarnecki, CEO, Raiffeisen Polbank Gunter Deuber, Director, Head of CEE Research, Raiffeisen Bank International Piroska Nagy, Director, Country Strategy and Policy, EBRD Debora Revoltella, Director, Economics Department, EIB Building a more resilient financial system capable of supporting sustainable economic growth is currently one of the main shared targets of both public and private sectors operating in CEE Forum Partners’ Sessions 26 EBRD Annual Meeting Business Forum 2014
  • 29. Low carbon economic growth is crucial to battling climate change. The EBRD’s vision is to harness market forces and the diversity and innovation of the private sector to help countries move towards a sustainable energy sector as part of that low carbon growth path. The aim of the EBRD’s Carbon Neutral Initiatve is to make the Annual Meeting and Business Forum carbon neutral by retiring carbon credits equivalent to the greenhouse gas emissions caused by the event. The EBRD will retire the carbon credits from a wind power project in Śniatowo in the north-west of Poland, developed and operated by Vortex Energy Group. The wind project produces electricity that substitutes electricity generated with fossil fuels, and so contributes to reducing greenhouse gases (GHG) emissions. By ensuring that its Annual Meeting and Business Forum is carbon neutral, the EBRD promotes climate change awareness, the use of carbon market instruments and increased investments in the transition to a low carbon economy. The EBRD hopes to attract the interest of Polish and regional investors in these efforts. The EBRD would like to acknowledge Climate Austria managed by Kommunalkredit Public Consulting which is providing its services to calculate the carbon emissions of the event and GreenStream Network for providing its carbon credit origination services. The EBRD’s vision is to harness market forces and the diversity and innovation of the private sector to help countries move towards a sustainable energy sector Carbon Neutral Initiative Changing Economies, Changing Lives 27
  • 30. Information Stands Small Business Support The Small Business Support Team (SBS) provides business advice to help enterprises in 25 countries grow, succeed, then grow again, becoming genuine catalysts for their local economies, then their region. By connecting client enterprises to local consultants and international industry experts, SBS helps transform a wide range of businesses. Enterprises benefit from many types of advice, from strategy and marketing to quality management, ICT, energy efficiency and beyond. SBS also works to develop local consultancy markets, promoting a thriving and sustainable market for external advice. Projects are supported on a cost-sharing basis and are funded by donors, including approximately 20 countries, as well as the European Union and other organisations and the EBRD itself. To date, SBS has applied more than €230 million in donor funding to supporting small businesses, assisting more than 14,000 enterprises across 35 countries since 1993. Evaluation Department The EBRD’s shareholders and management view effective evaluation as an essential contributor to improved institutional performance. The Evaluation Department (EvD) conducts independent evidence-based evaluations of Bank operations and programmes, and is responsible for the overall implementation of the Bank’s Evaluation Policy. EvD’s objective performance analysis and ratings provide the Board of Directors, shareholders and management with a key instrument of accountability, as well as a source of experience-based insights, lessons and recommendations with which to deepen effectiveness and impact. EvD provides a variety of analytical tools and training services for these purposes, especially to strengthen self-evaluation and learning at the level of operational teams. EvD’s Annual Evaluation Review provides a full discussion of its work and findings. Taipei China-EBRD Technical Cooperation Fund As a trusted partner, Taipei China has lent its active support to the EBRD from the outset. Over the last 23 years, its contribution to the Bank’s technical cooperation and co-financing programmes has amounted to US$ 31.7 million, making it the fifth largest donor to the EBRD. And the EBRD has successfully utilised Taiwanese expertise in key areas including sustainable energy, ICT, intelligent transport, and SME development. In 2011, Taiwan International Cooperation and Development Fund (TaiwanICDF) pledged US$ 80 million to the EBRD’s Green Energy Special Fund. This is to catalyse the installation of energy efficient technologies in the EBRD countries of operations. During his visit to Taipei in March 2013, EBRD President Suma Chakrabarti signed an MoU with TaiwanICDF to promote sustainable resource management in the EBRD’s countries of operations. Taipei China is also a contributor to the EBRD’s Early Transition Countries Fund, providing €2.55 million. It became the Vice Chair of the Fund’s Assembly in 2013. Taipei China is also a contributor to the EBRD Balkan Region Special Fund (BRSF) with an additional €1.5 million. 28 EBRD Annual Meeting Business Forum 2014
  • 31.
  • 32. What can a participant gain from the experience? The Investment Outlook sessions explore the latest investment opportunities across the EBRD region and provide participants with a unique occasion to learn more about each of the individual countries. Participants are invited to engage in informal discussions among policy-makers and investors, providing valuable data on investment prospects and identifying the challenges that might impede future investment. Investment Outlook Sessions 30 EBRD Annual Meeting Business Forum 2014
  • 33. Kazakhstan Wednesday 14 May 08:45–09:45 Event Room: Rome, Level 2 East Investing in Kazakhstan The Second Phase of Industrialisation Moderator Larry Sherwin, Deputy Director, Communications, EBRD Panellists Janet Heckman, Director, Kazakhstan, EBRD HE Bakyt Sultanov, Deputy Prime Minister and Minister of Finance, EBRD Governor, Kazakhstan Interpretation available English and Russian Romania Wednesday 14 May 08:45–09:45 Event Room: Barcelona, Level 2 East Romania: Capitalise on the Economic Rebound Moderator James Hyslop, Director, Romania, EBRD Panellists Cipriano Gomez Carrion, CEO, Roquet Mihai Ionescu, Head of Representative Office Romania, Deutsche Bank Jon Kevin Loebbaka, President, Universal Alloy Corporation Europe Bernard Sargis, President, Expur Liviu Voinea, Minister Delegate for Budget, Ministry of Public Finance, EBRD Governor, Romania Morocco Wednesday 14 May 13:30–14:30 Event Room: Amsterdam, Level 2 East Moroccan Financial Sector and the Potential for its Development Moderator Hildegard Gacek, Managing Director, SEMED, EBRD Panellists Mohammed Boussaid, Minister of Economy and Finance, EBRD Governor, Morocco Laurent Chabrier, Director, Morocco, EBRD Said Ibrahimi, CEO, Casa Finance City Authority Francis Malige, Managing Director, Eastern Europe and Caucasus, EBRD Interpretation available English and French Changing Economies, Changing Lives 31
  • 34. Investment Outlook Sessions Georgia Wednesday 14 May 14:15–15:15 Event Room: London B, Level 2 East Georgia –New Frontier of Opportunities Moderator Bruno Balvanera, Director for Caucasus, Moldova and Belarus, EBRD Panellists Nodar Khaduri, Minister of Finance, EBRD Governor, Georgia Zaza Kikvadze, General Director, IDS Borjomi, Georgia HE George Kvirikashvili, Vice Prime Minister, Minister of Economy and Sustainable Development, Georgia Interpretation available English and Russian Turkey Wednesday 14 May 15:45–16:45 Event Room: Barcelona, Level 2 East Update on Economic Performance and Outlook for Corporate Investment Moderator Michael Davey, Director, Turkey, EBRD Panellists İsmail Keskinoğlu, Board Member and Chief Financial Officer, Keskinoğlu Tavukçuluk ve Damızlık İşl. San Tic. A.Ş. Hakan Tokaç, Acting Director General of Foreign Economic Relations, Undersecretariat of Treasury, Turkey For continuous updated programme information visit: www.ebrd.com/am or download the MyEBRD app. 32 EBRD Annual Meeting Business Forum 2014
  • 35. Bosnia and Herzegovina Thursday 15 May 10:30–11:30 Event Room: Barcelona, Level 2 East Enhancing the Business Environment and Regional Linkages for Private Sector Development Moderator Libor Krkoska, Senior Banker, Head of Office, Sarajevo, EBRD Panellists Ensad Karic, Chief Executive Officer, Public Company Motorways of FBH Ltd. HE Zlatko Lagumdžija, Deputy Chairman of the Council of Ministers and Minister of Foreign Affairs, EBRD Governor, Bosnia and Herzegovina Edin Mehić, Director, Posao.ba, Development Studio d.o.o. Kyrgyz Republic Thursday 15 May 12:00–13:00 Event Room: London B, Level 2 East Kyrgyz Republic – Open for Business An overview of government reforms to raise awareness amongst investors and future plans to improve the investment climate. Moderator Olivier Descamps, Managing Director, Countries of Operations, EBRD Panellists Michael Fiebig, Head Financial Institutions Equity Investments, responsAbility Investments AG Larisa Manastirli, Head of Office, Bishkek, EBRD HE Djoomart Otorbaev, Prime Minister, Kyrgyz Republic Zina Sanyoura, Senior Investment Manager, Bamboo Finance Interpretation available English and Russian The Investment Outlook sessions explore the latest investment opportunities across the EBRD region and provide participants with a unique occasion to learn more about each of the individual countries Changing Economies, Changing Lives 33
  • 36. Ukraine Thursday 15 May 14:30–15:30 Event Room: Rome, Level 2 East Ukraine – New Reality, New Investment Opportunities Moderator Olivier Descamps, Managing Director, Countries of Operations, EBRD Panellists Sevki Acuner, Director, Ukraine, EBRD Vitaly Antonov, CEO, Galnaftogaz Tom Axelgaard, CEO, Axzon Group Stepan Kubiv, Governor of the National Bank of Ukraine, EBRD Alternate Governor, Ukraine Olexander Shlapak, Minister of Finance, EBRD Governor, Ukraine Interpretation available English and Russian Investment Outlook Sessions 34 EBRD Annual Meeting Business Forum 2014
  • 37. Bulgaria Thursday 15 May 15:00–16:00 Event Room: London B, Level 2 East Post-Crisis Investment Opportunities in Bulgaria Moderator Stefka Slavova, Alternate Board Director for Poland, Bulgaria and Albania, EBRD Panellists HE Daniela Bobeva, Deputy Prime Minister for Economic Development, Bulgaria Dimitar Kostov, Deputy Governor of the Bulgarian National Bank, EBRD Alternate Governor, Bulgaria Russian Federation Thursday 15 May 16:00–17:00 Event Room: Paris, Level 2 East Investment Opportunities in Russian Regions Moderator Natasha Khanjenkova, Managing Director, Russian Federation, EBRD Panellists Kirill Dmitriev, CEO, Russian Direct Investment Fund André Martin, CEO, Lafarge Russia Dmitry Pankin, Deputy Finance Minister, EBRD Alternate Governor, Russian Federation Robert Sasson, Senior Managing Partner, UFG Private Equity Linar Yakupov, Chief Executive, Tatarstan Investment Development Agency Ruslan Zalivatskiy, Deputy Governor, Government of Kaluga Region, Russian Federation Interpretation available English and Russian Changing Economies, Changing Lives 35
  • 38. Host Country Event Fascinating Times: 25 Years of Transition in Central Europe Wednesday 14 May 16:00–18:30 Event Room: White, Level 0 West The year 2014 marks 25 years of transition in the former communist countries of central and eastern Europe. During the 2014 EBRD Annual Meeting in Warsaw, Narodowy Bank Polski is organising a Host Country event, Fascinating Times: 25 Years of Transition in Central Europe, to be held on 14 May 2014 at the National Stadium in Warsaw, the main venue of the 2014 EBRD Annual Meeting. Fascinating Times is planned as a dynamic conference, encompassing a short feature film produced especially for this occasion. Oscar® nominee for the film “Rabbit à la Berlin” Bartosz Konopka, the movie’s writer and director, is one of the most awarded young Polish filmmakers. The Programme of the event includes sessions that explore various aspects of economic and political transition, including its consequences for the private sector, society, education, lifestyle, media and culture. Transition will be presented as a fascinating and generally positive process, albeit one with a wide range of consequences for the different actors involved. Fascinating Times – to be held in English – will provide a creative and thought-provoking interpretation of the recent past and is bound to leave the audience inspired. Fascinating Times… will provide a creative and thought-provoking interpretation of the recent past and is bound to leave the audience inspired 36 EBRD Annual Meeting Business Forum 2014
  • 39. European Night of Museums on Saturday 17 May As in previous years, in 2014 Warsaw once again joins the European Night of Museums, which will take place on 17 May 2014. This unique festival of culture, an immediate success since the very beginning, is an exclusive opportunity to visit not only regular museums, but also places which cannot be easily accessed by the average passer-by. The festival is not restricted to Warsaw, so if you decide to travel to other Polish cities, do expect many attractions awaiting you. The Copernicus Science Centre offers you an unforgettable evening in Warsaw. This modern science museum, situated in a beautiful riverside location, will be open exclusively for EBRD’s Annual Meeting guests Cultural Highlights Organised by the Host Country A Visit to the Copernicus Science Centre on Thursday 15 May The Copernicus Science Centre offers you an unforgettable evening in Warsaw on Thursday, 15 May 2014. This modern science museum, situated in a beautiful riverside location, will be open exclusively for EBRD’s Annual Meeting guests from 19:00–22:00. This is one of Europe’s largest and most modern science centres, which includes a fascinating interactive exhibition composed of over 450 exhibits. The several thousand square metres of well-designed scientific installations will awake the scientist in everyone. The evening event at the Copernicus Science Centre, organised by Narodowy Bank Polski, will be a unique opportunity to explore one of the most popular tourist attractions in the city, which normally attracts large crowds. While experiencing the world of light, sound and energy, you will also be able to enjoy a special screening of the film Walesa. Man of hope that will start at 20:00. The film, directed by Oscar® awarded film director, Andrzej Wajda, presents the complex life story of the famous trade union leader, Lech Wałęsa, as well as charting the beginning of transition in Poland, alongside the rich background of day-to-day life in communist Poland. All visitors are invited to a reception from 19:00–22:00. Changing Economies, Changing Lives 37
  • 40. Civil Society Programme Civil Society Programme The Civil Society Programme takes place on Wednesday 14 May and Thursday 15 May and will be open to representatives from civil society organisations only. The Programme will provide an opportunity for dialogue between civil society stakeholders and EBRD staff, senior management, the President and Board Directors. It is an occasion for civil society stakeholders to learn more and discuss issues of interest and concern regarding the EBRD’s policies and investment projects, and exchange views and perspectives about political and socio-economic development in the countries where the EBRD invests. There will be also an occasion to discuss the evaluation of the Bank’s completed projects and programmes as well as the EBRD’s independent accountability mechanism. The Programme is also set to include a session on good governance by the EBRD, both in terms of accountability, integrity and anti-corruption in EBRD operations as well as support to the investment climate. At the close of the Programme on Thursday 15 May, civil society organisations will have an opportunity to exchange views on strategic issues with the Board of Directors and the EBRD President in two dedicated sessions. In addition to the main sessions of the Civil Society Programme, a special discussion panel open to all Business Forum participants entitled Civil Society as a Partner in Transition will take place on Thursday 15 May. By invitation only. Enquiries: cso@ebrd.com Civil Society as a Partner in Transition Thursday 15 May 09:15–10:30 Event Room: London B, Level 2 East The discussion panel will look at how the private, public and civil society sectors can partner together – and with the EBRD – in advancing transition in the countries where the Bank invests. Since its establishment in 1992, the EBRD has been maintaining an on-going dialogue with civil society organisations on issues related to its mandate, namely fostering transition to open-market economies in countries committed to democracy. The role played by civil society has evolved and grown since the start of the transition process and is now creating opportunities for the forging of constructive partnerships among the public, private and civil society sectors in building sustainable and inclusive open-market economies. Countries like Poland with 43 per cent of businesses cooperating with non-business stakeholders show how the inter linkages between the three sectors can work together to foster private sector development. Moreover, governmental authorities throughout the EBRD region have been encouraging collaboration between the private sector and civil society as a matter of corporate citizenship and sustainable development. The EBRD, along with other international financial institutions, has also been exploring new ways of engaging and partnering with civil society organisations in relation to selected investment projects. The panel will bring together experts and practitioners from civil society, private and public sectors that have actively contributed in building partnerships across the three sectors to build trusted partnerships in advancing transition. Moderator Ioana Avădani, Executive Director, Centre for Independent Journalism, Romania Panellists Ivana Ćirković, Director of the Office for Cooperation with Civil Society, Government of Serbia Jean-Christophe Laugée, Director, Social Innovation and Ecosystem, Danone Larisa Manastirli, Head of Office, Bishkek, EBRD Mirella Panek-Owsiańska, Managing Director, Responsible Business Forum, Poland Interpretation available English and Russian 38 EBRD Annual Meeting Business Forum 2014
  • 41. MyEBRD Go to the Annual Meeting website: www.ebrd.com/am and select the MyEBRD icon. This will bring you to the ‘MyEBRD’ welcome page where you will find instructions on how to download the app for your particular device (iPhone, Android, iPad, and all other internet-enabled mobile phones). If you want to access the networking feature, please log in with your username (email) and the password provided for your registration. www.facebook.com/ebrdhq www.twitter.com/ebrd www.youtube.com/ebrdtv TO DOWNLOAD THE ESSENTIAL EBRD MOBILE-BASED APP Communicate with other Annual Meeting participants Plan your participation during the Annual Meeting by setting up meetings ahead of time. Create your own agenda Discover more Download from www.ebrd.com/publications The EBRD Publications Desk is located in the Networking Area, Level 2 East Connecting people. Communicating change. WIFI NETWORK ACCESS User selects the network EBRD AM GUESTS Enter the password AM2014WARSAW 1 2
  • 42. Associated Events A Global Infrastructure Knowledge and Collaboration Platform Friday 16 May 10:00–12:30 Event Room: London B, Level 2 East Sharing best practices from all continents and countries is vital to the next stage of global infrastructure development. Infrastructure-dedicated platforms already exist, yet often target specific audiences or act as ‘information repositories’, as opposed to virtual discussion platforms. A logical next step should be to engage the private sector in partnership with key stakeholders to create a global platform for infrastructure knowledge and collaboration. This virtual collaboration system would allow sharing thought leadership on Infrastructure and hence forge a major redesign of today’s brain trust in this space. Open to all Annual Meeting participants. Enquiries: oreillya@ebrd.com (Aya O’Reilly) Discussion Panel: Building Effective Partnerships Friday 16 May 14:30–15:30 Event Room: Red, Level -2 The impact of EBRD donor partnerships on people’s lives is tangible. This panel discussion involves representatives of small and medium-sized enterprises, municipalities and industry experts from countries that have benefited directly or indirectly from donor support. Sharing their experience of working with the EBRD, they will explain how donor-funded projects have helped them improve their business and local environment. Open to all Annual Meeting participants. Enquiries: mcleode@ebrd.com (Elisabeth McLeod) Ensuring Sustainable Finance in Transition Economies Friday 16 May 08:45–18:00 Event Room: Warsaw, Level 2 East The EBRD together with the Institute of International Finance and Narodowy Bank Polski will hold a one-day joint event on Banking and Capital Markets. The event will focus on the banks’ changing business models and their impact on SME financing, the evolving global financial architecture to support cross-border banking and how to grow reliable capital markets in transition economies. Speakers will include banking and capital markets practitioners, market infrastructure experts, regulators and professional market associations. The event is targeted at banking and finance professionals, including policy-makers, market participants, academics, lawyers and regulators. Please register your interest by email to engstroa@ebrd.com (Anna Engstrom) Enquiries: reinerb@ebrd.com (Bojana Reiner) Creating Value through Effective Stakeholder Engagement in Climate Finance Friday 16 May 09:00–11:00 CSO Meeting Room, Level 2 East Welcome Coffee 08:30–09:00 CSO Networking Area, Level 2 East The EBRD and the Secretariat of the Climate Investment Funds will organise a joint event on effective stakeholder engagement in climate finance. The event will look at lessons learnt and prospects for effective stakeholder engagement in climate finance programmes. The session will be structured as a facilitated panel discussion and will focus on the value of stakeholder inclusion in climate governance and climate finance, analyse barriers to engagement and participation, and advance suggestions on how to manage expectations and overcome obstacles to effective stakeholder engagement. The session will highlight the preliminarily outcomes from the experience of the Climate Investment Funds and the EBRD and provides an opportunity for multi-stakeholder dialogue with the objective to enhance stakeholder engagement in climate finance governance and decision-making. The event is targeted at policy-makers, banking and environmental professionals, and civil society organisations. By invitation only. Enquiries: balbil@ebrd.com (Luisa Balbi) Trade Facilitation Programme – Information Session and Annual Award Ceremony Friday 16 May 09:00–15:00 Event Room: Rome, Level 2 East The Trade Facilitation Programme (TFP) currently includes over 104 Issuing Banks in the EBRD region and more than 800 Confirming Banks worldwide. This event will offer the opportunity to network with the EBRD’s most active issuing and confirming banks. Panellists include representatives from the World Trade Organisation, International Chamber of Commerce and EBRD’s Office of the Chief Economist who will discuss current economic development and consequent challenges for international trade and the trade finance sector. The TFP Annual Award Ceremony will conclude the event, featuring recognition of The Most Active EBRD TFP banks and Best Transactions in 2013. By invitation only. Enquiries: TFPConference@ebrd.com EBRD Annual Donor Meeting Friday 16 May 09:15–14:30 Event Room: Red, Level -2 In 2013, EBRD donors provided significant grant funding that totalled almost €349 million. This financing was used to complement and support investments where they were most needed in all sectors across the EBRD region. At this event, which will be opened by the EBRD President Suma Chakrabarti, the donor community and the Bank will discuss the results of the past year of partnership and consider future challenges. During the meeting, the Bank will launch its new Donor Report, available for the first time in digital format. By invitation only. Enquiries: mcleode@ebrd.com (Elisabeth McLeod) 40 EBRD Annual Meeting Business Forum 201440
  • 43. 2015 Annual Meeting Business Forum We look forward to welcoming you on 14 15 May next year in Tbilisi, Georgia www.ebrd.com/am
  • 44. Flagship Forum Partner Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, 15 markets of the region are covered by subsidiary banks. Additionally, the Group comprises numerous other financial service providers, for instance in the fields of leasing, asset management and mergers and acquisitions. In total, around 58,000 employees service about 14.6 million customers through more than 3,000 business outlets, the great majority of which are located in CEE. Major Forum Partner UniCredit is a rock-solid European commercial bank, with a network embracing 50 countries worldwide. The Group operates in 17 European markets: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine. In CEE UniCredit is market leader in terms of assets, network (nearly 3,600 branches), employees (nearly 68,000), expertise and is the preferred partner for local and cross-border business. (Data as of 31 December 2013). Major Forum Partner Sberbank of Russia is Russia’s largest bank and a leading global financial institution. Holding almost one third of aggregate Russian banking sector assets, it is a key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is its founder and principal shareholder. Sberbank has the largest distribution network in Russia with more than 18,000 branches, over 110 million individual customers and 1 million corporate clients in 22 countries. Acknowledgements The EBRD Business Forum would like to thank the following Forum Partners and organisations who have contributed to the success of the event: The text on these pages were provided by the companies themselves. 42 EBRD Annual Meeting Business Forum 2014
  • 45. Special Event Partner Akfen Holding is one of Turkey’s top infrastructure investment holdings. Akfen invests in, manages and coordinates its subsidiaries and affiliates active in industries such as airport management and operations, construction, port operations, marine transport, water distribution and waste water services, energy and real estate. The holding has joint ventures with such well-renowned national and international corporate enterprises. Special Event Partner Bank of Georgia, the leading bank in Georgia with more than a third of the market share based on total assets, serves more than one million client accounts. The Bank offers a broad range of retail and corporate banking, investment management, brokerage and insurance services to its clients. Bank of Georgia’s UK incorporated holding company Bank of Georgia Holdings plc is listed on the main market of the London Stock Exchange. Forum Partner Media Partner International Media PartnerPremier Forum Newspaper Changing Economies, Changing Lives 43
  • 46. Security Security will be strictly enforced in all the Annual Meeting venues. To ensure the safety of all participants, security badges must be displayed at all times in the venues. Under no circumstances should your security badge be lent to another participant. At the venues entrances, participants will be required to pass through security checks and to have their belongings screened and, if necessary, searched. First aid The Polish National Health Service will provide an emergency medical service at the National Stadium and will be located in the first aid rooms, on Level -2 East and West sides. The medical staff will be supported by an ambulance at the National Stadium, the Reception for All Participants and the Royal Castle during the events. The National Stadium is an extremely large building; it is over 1 kilometre in circumference at its widest part. It can take up to 10 minutes to walk from the East to the West side. Visitors are therefore recommended to wear sensible footwear whilst at the stadium and carry a small bottle of water with them to remain hydrated. Finding your way to events Directional assistants will be located throughout the venue to answer questions regarding the location of events and meeting rooms. These staff can be recognised by the “i” (information) symbol on the back of their polo shirts. Transport Narodowy Bank Polski (National Bank of Poland) will arrange a shuttle bus service for Annual Meeting participants to and from the airport and official hotels. Shuttle buses will take participants to the National Stadium from official hotels. A shuttle service will also be provided to the Reception for All Participants from the National Stadium. On Thursday 15 and Friday 16, shuttle buses will take participants from the National Stadium to the airport. Timetables and routes will be made available at the airport on arrival and at the official Annual Meeting hotels’ lobbies. Design Fivefootsix Photography Artur Bogacki/shutterstock (35), Anna Bogush/shutterstock (32), Dermot Doorly (12, 33, 38), diak/shutterstock (18), Fivefootsix (5), fotostory/shutterstock (32), Gnatkov Solar Energy (19), Jacek_Kadaj/iStockphoto (FC, 36), Jacek_Kadaj/shutterstock (3), Mach kazu/iStockphoto (28), Dan Kelly (30), Andy Lane (3, 10, 17, 19, 20, 22, 26), National Stadium Warsaw/pl.2012+ (2), PHOTOCREO Michal Bednarek/shutterstock (15), Bogdan Postelnicu/shutterstock (35), Agata Steifer (37), TDway/shutterstock (31), Maxal Tamor/iStockphoto (34), Dejan Vekić (28, 33), Luis Viegas/shutterstock (27), Bryan Whitford (9) Print Park Communications Ref 410 AM14 Programme Brochure (E/2000) Further information European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom Switchboard/central contact T +44 (0)20 7338 6000 F +44 (0)20 7338 6100 General enquiries Office of the Secretary General T +44 (0)20 7338 7701 F +44 (0)20 7338 7320 aminvitations@ebrd.com Press enquiries Communications Department T +44 (0)20 7338 7986 F +44 (0)20 7338 6102 press@ebrd.com Civil society enquiries Civil Society Engagement Unit T +44 (0)20 7338 8194 F +44 (0)20 7338 6047 cso@ebrd.com Requests for EBRD publications Communications Department T +44 (0)20 7338 7553 F +44 (0)20 7338 6102 pubsdesk@ebrd.com Registration and hotel reservations enquiries EBRD Event Team Grass Roots Linea, Harvest Crescent Ancells, Business Park Fleet, Hants GU51 2UZ United Kingdom T +44 (0)1252 776 314 F +44 (0)1252 776 301 EBRDAMRegistration@regteam.com EBRDAMHotels@regteam.com General Information and Contacts 44 EBRD Annual Meeting Business Forum 2014
  • 47. № 1 Trade finance Bank in Russia and the CIS Comprehensive range of trade finance and documentary business products Servicing exporters and importers through 20 thousand offices in Russia and network in 22 other countries.
  • 48. Many talk about Capital Market Transactions in Central and Eastern Europe and beyond. We do them. Raiffeisen Bank International has relationships in Austria and Central and Eastern Europe second to none. Close relationships, too, with major investors worldwide. Investors value our regional know-how and market access, giving issuers firm placement at the right price. www.rbinternational.com 3