German Gref: Tatarstan demonstrates how to use Singapore experience

The Republic of Tatarstan is an obvious example of successful using Singapore experience in developing the state, board chairman of Sberbank German Gref said in the course of Russian-Singapore business forum. Tatarstan delegation led by the President Rustam Minnikhanov is taking part in the event.

The first session of VI Russian-Singapore business forum has taken place today in complex Marina Bay Sands. Founder of the forum ex-ambassador of Singapore in Russia Michael Tei and Minister of trade and industry of Singapore Kian Lim greeted participants of the forum. They noted successful development of Russian-Singapore trade and economic relations and hoped that the current event would favour their consolidation in future.

Board chairman of Sberbank German Gref shared his ideas about the way Singapore managed to become one of the most economically developed states within 50 years, after being a small English colony.

Head of Sberbank thanked President of Tatarstan for using Singapore experience in republic. In his opinion, Tatarstan thus demonstrates high rates of economic growth.

“Tatarstan shows good example of using Singapore experience. When I am asked what we can borrow from Singapore, I answer: you’d better go to Tatarstan and see”, - German Gref said.