Regional Agenda Meet the Government Programme and Participants List

Berlin, 18-19 June © World Economic Forum 2014 - All rights reserved.

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REF 091013 Contents Introduction

5 Programme The elections in 2013 confirmed Chancellor ’s success in delivering stability throughout the financial and 10 Background note on Germany sovereign debt crisis. The German economy is dubbed the safe haven for investors in Europe. It features low inflation, 14 List of Participants a balanced budget and a current account surplus. The country’s growth rate is expected to triple by 2015, while 16 Useful Information most other European countries will keep struggling.

As the Christian Democrats are now governing with a Nicholas Davis new coalition partner, the Social Democrats, this meeting Director, Head of provides the opportunity to pose questions directly to the Europe Chancellor and her government. What is the Chancellor’s outlook on current economic and political challenges, both nationally and regionally? What is her agenda in driving more fundamental European reform? How does she perceive Germany’s role in Europe and the world?

The CEO Dinner with Chancellor Angela Merkel forms part of the World Economic Forum Meet the Government series in selected countries, which prove to be strong influencers on the economic growth and the political agenda of a region. The meeting will convene Forum Strategic, Industry and Regional Partners, as well as Foundation Members and New Champions.

Programme and Participants List 3 4 World Economic Forum Meet the Government Wednesday 18 June Programme

15.00 - 17.00 Registration 17.00 - 17.30 Transfer Hotel Adlon Kempinski - Lobby Lounge Hotel Adlon Kempinski

Registration Bus transfer

Pick up your badge at the registration desk at the Hotel To facilitate security clearance, we ask all participants to Adlon Kempinski. use the organized shuttle transfer from the Hotel Adlon Kempinski to the Chancellery and to bring their passport or identity card with them.

Programme and Participants List 5 Wednesday 18 June Programme

18.00 - 19.30 Interactive Session 19.30 - 19.35 Bundeskanzleramt (Chancellery) Bundeskanzleramt (Chancellery) Informal discussion with Group photo Chancellor Angela Merkel

What is Chancellor Merkel’s outlook on current political and economic challenges in Europe and the world?

Dimensions to be addressed: –– Governing Germany –– Driving reform in Europe –– Engaging on the global level

Simultaneous interpretation in English and German

Speaker Angela Merkel, Federal

Moderated by Klaus Schwab, Founder and Executive Chairman, World Economic Forum

6 World Economic Forum Meet the Government Wednesday 18 June Programme

19.35 - 20.00 Reception 20.00 - 22.00 Dinner Bundeskanzleramt (Chancellery) Bundeskanzleramt (Chancellery) Reception CEO Dinner with Chancellor Angela Merkel

Opening remarks by Angela Merkel, Federal Chancellor of Germany Klaus Schwab, Founder and Executive Chairman, World Economic Forum

With , Head of the Federal Chancellery and Federal Minister for Special Tasks, Federal Chancellery of Germany Maria Böhmer, Minister of State, Federal Ministry of Foreign Affairs of Germany , Minister of State, Federal Chancellery of Germany Helena Leurent, Managing Director, Head of Business Engagement, World Economic Forum Lars-Hendrik Röller, Economic and Financial Policy Advisor to the Chancellor, G8 and G20 Sherpa, Federal Chancellery of Germany Philipp Rösler, Managing Director and Member of the Managing Board, World Economic Forum Wolfgang Schäuble, Federal Minister of Finance of Germany Steffen Seibert, Spokesperson, Federal Chancellery of Germany

Programme and Participants List 7 Wednesday 18 June Programme

22.00 - 22.15 Transfer 22.15 - 00.15 Nightcap Bundeskanzleramt (Chancellery) Hotel Adlon Kempinski - Kaminzimmer Bus transfer Informal nightcap

We encourage all participants to use the organized shuttle On the occasion of the CEO Dinner, participants are invited transfer from the Chancellery to the Hotel Adlon Kempinski to an informal nightcap in the Kaminzimmer at the Hotel as there is no other transport available at the Chancellery. Adlon Kempinski. Taxis are available in front of the Hotel Adlon Kempinski.

8 World Economic Forum Meet the Government Thursday 19 June Acknowledgements

08.00 - 09.30 Breakfast Hotel Adlon Kempinski - Ballsaal I

Breakfast session with , Vice-Chancellor and Federal Minister of Economic Affairs and Energy of Germany

What is Vice-Chancellor Sigmar Gabriel’s economic agenda for Germany and the euro zone? –– Improving Germany’s investment climate –– Defining Germany’s role in the euro zone –– Accomplishing the energy transition while reducing price and investment uncertainty

From 08.00 to 08.45 participants can enjoy a networking breakfast, which will be followed by the breakfast session.

Simultaneous interpretation in English and German

Speaker Sigmar Gabriel, Vice-Chancellor and Federal Minister of Economic Affairs and Energy of Germany

Moderated by Klaus Schwab, Founder and Executive Chairman, World Economic Forum

Programme and Participants List 9 Germany’s performance in the 2014 edition of the Europe 2020 Competitiveness Report (published 10 June 2014)

Following the vision set by (EU) institutions markets. Looking, however, at comparisons between EU in 2010, all European stakeholders need to work together member states, a persistent knowledge divide between to implement the Europe 2020 strategy, thereby building “innovation rich” and “innovation poor” economies prevails. a smarter, inclusive and sustainable economy to support Highly competitive markets, well-developed clusters and robust economic growth and the generation of jobs. In an entrepreneurial environment provide the cornerstone of assessing the state of Europe’s competitiveness, the World the business environment in northern and north-western Economic Forum’s Europe 2020 Competitiveness Report: European economies. A number of countries outperform the Building a More Competitive Europe 2014 Edition finds: United States in enabling smart growth. But at the other end of the spectrum, many European economies, particularly in Europe’s economic outlook has improved since the last Southern and Eastern Europe, lag behind. edition of this report in 2012. It has weathered the financial storm thanks to the adoption of bold monetary policies, the restructuring processes in the banking systems and reforms that have reduced structural public spending in certain countries and brought tranquillity back to the

Europe 2020 Index 2014 Edition Country Rank (out of 28) Score (1-7) Rank using 2012 Europe 2020 Change 2012- sample* Index 2012 edition 2014 (constant) (out of 27) (out of 27) Finland 1 5.70 1 2 1 Sweden 2 5.55 2 1 –1 Netherlands 3 5.41 3 4 1 Denmark 4 5.32 4 3 –1 Germany 5 5.28 5 6 1 Austria 6 5.16 6 5 –1 7 5.13 7 7 0 Luxembourg 8 5.07 8 8 0 Belgium 9 4.93 9 9 0 France 10 4.81 10 10 0 Ireland 11 4.75 11 12 1 Estonia 12 4.74 12 11 –1 Spain 13 4.47 13 15 2 Malta 14 4.44 14 18 4 Portugal 15 4.44 15 14 –1 Slovenia 16 4.43 16 13 –3 Lithuania 17 4.38 17 20 3 Czech Republic 18 4.33 18 16 –2 Latvia 19 4.32 19 19 0 Cyprus 20 4.22 20 17 –3 Italy 21 4.05 21 21 0 22 3.97 22 23 1 Slovak Republic 23 3.91 23 22 –1 Croatia 24 3.87 n/a n/a n/a Hungary 25 3.83 24 24 0 26 3.79 25 25 0 Bulgaria 27 3.75 26 27 1 Romania 28 3.64 27 26 –1 EU28

10 World Economic Forum Meet the Government In the 2014 edition, Germany overtakes Austria, moving An important driver of this development lies in the federal up one spot to 5th place. German companies are among government’s efforts to transform the electricity sector. the most innovative in the world, with heavy spending on In the past decade, Germany has invested heavily in the R&D (ranked 4th) – notably with an increase from 2.5% to use of renewable resources and has engaged in a gradual 2.8% of GDP in both public and private sectors between phase-out of its nuclear capacity by 2022. While fossil 2010 and 2012 – and displaying a high capacity for fuels were strengthened in their function as the backbone innovation (2nd). High-quality research institutions, good of the electricity mix, Germany was able to triple its share cooperation between universities and the business sector of renewables from 8% in 2002 to 24% in 2013 (mainly and heavy spending on research and development are the wind and solar), and to reduce the share of nuclear energy key to Germany’s success in innovation. Clusters of highly from 28% in 2002 to 15% in 2013. The increasing costs for specialized manufacturing and research activities constitute energy consumers, which mainly arise from the unexpected the perfect ecosystem to produce and innovate, allowing success of the Renewable Sources Act (EEG) guaranteeing also small and medium enterprises to successfully compete subsidies over 20 years, have led to ongoing discussions on on international markets. The country has one of the highest the EU, and the national level, on the financial sustainability numbers of patent applications per capita in the world. In of the German , and possible distortions in the the long term, however, a shortage of qualified scientists market. and engineers could reduce Germany’s capacity to innovate. Another topic of discussion remains Germany’s dependence Germany harnesses the digital agenda well to achieve on gas imports. Germany currently purchases about 38% higher productivity (7th rank). ICT can transform business of its gas from , 26% from the Netherlands, and 20% practices and economic activities, as well as providing from Norway. Only 10% of its consumption can be secured efficient infrastructure for commercial transactions. The from own resources. The G7 has, in this context, called on country’s high level of technological readiness, along with the International Energy Agency and the EU Commission to good availability of cutting-edge technology, is critical to its work out options for diversifying the region’s gas portfolio. success in this pillar. Despite notable reform efforts in the past decade, Germany is also relatively successful in its environmental Germany’s labour market remains rigid (17th for rigid hiring- sustainability efforts (ranked 6th in this pillar), with well- and-firing practices, although up from 22nd place two years enforced environmental legislation leading to rather strong ago), and with a still relatively low participation of women. environmental outcomes: It has come a long way in While these rigidities have kept unemployment low during increasing the environmental sustainability of its economy, recent economic difficulties, rigid rules continue to hinder job especially in the eastern part of the country where efforts creation, and more flexibility would give the country a more were made to substitute outdated energy production solid footing for the future. facilities inherited from pre-reunification times. While this heavily industrialized economy was able to cut its CO2 emissions by about 24 % since 1990, this trend has been reversed over the past three years.

Programme and Participants List 11 12 World Economic Forum Meet the Government List of Participants As of 11 June 2014

Khalid Abdulla-Janahi Honorary Chairman Vision 3 United Arab Emirates

Peter Altmaier Federal Minister of the Federal Chancellery of Germany Environment, Nature Germany Conservation, Building and Nuclear Safety of Germany

Philippe Amon Chairman and Chief SICPA Holding Switzerland Executive Officer Jon Fredrik Baksaas President and Chief Telenor Group Norway Executive Officer Marc R. Benioff Chairman and Chief Salesforce.com USA Executive Officer Maria Böhmer Minister of State Federal Ministry of Foreign Germany Affairs of Germany Marwan M. Boodai Chief Executive Officer BoodaiCorp Company Kuwait

Peter Brabeck-Letmathe Chairman of the Board Nestlé Switzerland

Helge Braun Minister of State Federal Chancellery of Germany Germany Sir Suma Chakrabarti President European Bank for United Kingdom Reconstruction and Development (EBRD) Victor L. L. Chu Chairman and Chief First Eastern Investment Hong Kong SAR Executive Officer Group Timothy C. Clark President Emirates Group United Arab Emirates

Alexander Collot d’Escury Chief Executive Officer Desso Holding Netherlands

Nicholas Davis Director, Head of Europe World Economic Forum Switzerland

Robert Dudley Group Chief Executive BP Plc United Kingdom

Richard W. Edelman President and Chief Edelman USA Executive Officer Joshua Fink Chief Executive Officer Ophir Holdings USA

Sigmar Gabriel Vice-Chancellor and Federal Federal Ministry of Economic Germany Minister of Economic Affairs Affairs and Energy and Energy Orit Gadiesh Chairman Bain & Company USA

Federico Ghizzoni Chief Executive Officer UniCredit Italy

Rick Goings Chairman and Chief Tupperware Brands USA Executive Officer Corporation Mario Greco Group Chief Executive Generali Italy Officer

Programme and Participants List 13 List of Participants As of 11 June 2014

Herman Gref Chairman of the Board and Sberbank Russian Federation Chief Executive Officer Anant Gupta President and Chief HCL Technologies India Executive Officer Andrey Guryev Chief Executive Officer OJSC PhosAgro Russian Federation

Stein Erik Hagen Chairman Orkla Norway

Jørgen Ole Haslestad President and Chief Yara International Norway Executive Officer Marc Holtzman Chairman Meridian Capital Hong Kong SAR

Werner Hoyer President European Investment Bank Luxembourg (EIB) Andrea Illy Chairman and Chief illycaffè Italy Executive Officer Majid Jafar Managing Director of the Dana Gas United Arab Emirates Board Anshu Jain Co-Chief Executive Officer Germany

Paul-Bernhard Kallen Chief Executive Officer Burda Media Germany

Hemant Kanoria Chairman and Managing SREI Infrastructure Finance India Director Limited Neeraj Kanwar Vice-Chairman and Apollo Tyres United Kingdom Managing Director Erland Karlsson Chief Executive Officer Eton Park International United Kingdom

Dong Kwan Kim Managing Director Hanwha Group Republic of Korea

Uwe Krüger Chief Executive WS Atkins United Kingdom

André Kudelski Chairman of the Board and Kudelski Group Switzerland Chief Executive Officer T. K. Kurien Chief Executive Officer and Wipro India Member of the Board Sam Laidlaw Chief Executive Officer Centrica United Kingdom

Matthew Layton Managing Partner Clifford Chance United Kingdom

Rich Lesser Global Chief Executive The Boston Consulting USA Officer and President Group Helena Leurent Managing Director, Head of World Economic Forum Switzerland Business Engagement Jabu A. Mabuza Chairman Telkom South Africa

Mike McGavick Chief Executive Officer XL Group USA

14 World Economic Forum Meet the Government List of Participants As of 11 June 2014

Angela Merkel Federal Chancellor of Germany Kamal Bin Ahmed Acting Chief Executive Bahrain Economic Bahrain Mohammed Development Board Brian Molefe Group Chief Executive Transnet Limited South Africa

Alex Molinaroli Chairman and Chief Johnson Controls USA Executive Officer Carlos Moreira Chairman, Chief Executive WISeKey Switzerland Officer and Founder Pierre Nanterme Chairman and Chief Accenture France Executive Officer Arif M. Naqvi Founder and Group Chief The Abraaj Group United Arab Emirates Executive John Nelson Chairman Lloyd’s United Kingdom

Conrad van Oostrom Chief Executive Officer OVG Real Estate Netherlands

Torben Moger Pedersen Chief Executive Officer PensionDanmark Denmark

Stefano Pessina Executive Chairman Alliance Boots Switzerland

Salah A. Al-Qahtani Deputy Chairman of the Abdel Hadi Abdullah Al- Board Qahtani & Sons Lars-Hendrik Röller Economic and Financial Federal Chancellery of Germany Policy Advisor to the Germany Chancellor, G8 and G20 Sherpa

Javier Marín Romano Chief Executive Officer Banco Santander Spain

Philipp Rösler Managing Director and World Economic Forum Switzerland Member of the Managing Board Anders Runevad Chief Executive Officer Vestas Wind Systems Denmark

Mouhtaz El Sawaf Chief Executive Officer Construction Products Saudi Arabia Holding Company (CPC) Anthony Scaramucci Founder and Managing SkyBridge Capital USA Partner Peer M. Schatz Chief Executive Officer QIAGEN Germany

Wolfgang Schäuble Federal Minister of Finance Federal Ministry of Finance Germany of Germany of Germany Eric Schmidt Executive Chairman USA

Klaus Schwab Founder and Executive World Economic Forum Switzerland Chairman

Programme and Participants List 15 List of Participants As of 11 June 2014

Hilde Schwab Chairperson and Co- Schwab Foundation for Switzerland Founder Social Entrepreneurship Steffen Seibert Spokesperson Federal Chancellery of Germany Germany Davide Serra Founder and Chief Executive Algebris Investments (UK) United Kingdom Officer Malvinder Mohan Singh Executive Chairman Fortis Healthcare India

Jim Hagemann Snabe Co-Chief Executive Officer SAP Germany

Carsten Spohr Chairman and Chief Deutsche Lufthansa Germany Executive Officer Rupert Stadler Chairman of the AUDI Germany Management Board Sun Yafang Chairwoman of the Board Huawei Technologies People’s Republic of

Fathi Taher Chief Executive Officer TaherInvest

Peter Terium Chief Executive Officer RWE Germany

Jubril Adewale Tinubu Group Chief Executive Oando Nigeria

Victor F. Vekselberg Chairman Renova Group Switzerland

Arzuhan Doğan Yalçindağ Chairwoman Doğan Media Group (DYH)

16 World Economic Forum Meet the Government Useful Information

Accommodation Security information and transport Participants should make their own accommodation The Informal Discussion and the Private Dinner hosted by arrangements. However, we recommend that you stay Chancellor Merkel will take place at the Bundeskanzleramt at the Hotel Adlon Kempinski so that you can take the (Chancellery). To facilitate security clearance, we ask all organized shuttle bus service to the Chancellery on 18 June. participants to use the organized shuttle transfer from Reservations can be made directly on the hotel webpage. the Hotel Adlon Kempinski and to bring their passport or identity card with them. Please note that no private Hotel Adlon Kempinski cars are allowed to access the Chancellery. A return bus Unter den Linden 77 transfer to the Hotel Adlon Kempinski will also be organized. 10117 Berlin, Germany Participants must organize their own airport transfer. Phone: +49 (0)30 2261-1111 Fax: +49 (0)30 2261-1116 Visas Email: [email protected] Please check with the German Embassy or Consulate Weblink: http://www.kempinski.com/en/berlin/hotel-adlon/ nearest you as soon as possible regarding visa welcome/ requirements.

Air travel Please make your own flight arrangements. International flights fly daily from all major capitals to Tegel and Schönefeld airports in Berlin.

Contact Information at the World Economic Forum

Anna Knyazeva Community Associate Tel.: +41 (0)22 869 3682 E-mail: [email protected] In Berlin as of 18 June: +41 (0)79 716 0359

Dress Business attire is appropriate for the meeting, the dinner and the breakfast.

Language The official language of the meeting is English. Simultaneous interpretation in German will be provided for the Informal Discussion and the breakfast.

Registration Registration will take place at the Hotel Adlon Kempinski, Lobby Lounge, on Wednesday 18 June from 15.00 to 17.00. Participants will receive a badge, which must be worn at all times during the meeting’s activities and which is not transferable, and a final agenda and list of participants.

Programme and Participants List 17 The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.

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