GLOBSEC Tatra Summit (5 – 6 October 2018) is a prominent annual conference on the most pressing European political, economic and financial issues. Its goal is simple but ambitious – to help shape the future of Europe. Since its foundation, the Tatra Summit has become an indispensable meeting place for hundreds of government and EU representatives, as well as experts from business and non-governmental sectors. Over the years, it has made a significant contribution to defining the challenges facing Europe and further afield and discussing possible solutions. This year’s 7th edition carries on this tradition in the Tatra Summit’s newly established home in the snow capped Tatra Mountains.
Ideas for Testing Times
While Europe has experienced modest economic growth in recent years, there are issues on the horizon that could derail progress. These include the structure of the next Multiannual Financial Framework, EU institutional reforms and Brexit. That’s why financing Europe’s future, promoting convergence, smart industries, innovative energy and labour markets are among the main topics to be discussed at GLOBSEC Tatra Summit 2018.
Honouring Strong Leadership
Building upon past tradition, GLOBSEC Tatra Summit 2018 will welcome a guest of honour to deliver an inspiring Annual Speech on the future of Europe. Recognising the importance of strong leadership in these turbulent and fragmented times, we will present our esteemed guest with the GLOBSEC European Award during the Summit’s Gala Dinner.
Joining Dots, Connecting Experts
GLOBSEC Tatra Summit is an established platform for bringing together senior policymakers, leading business figures and visionaries from academia and non-governmental organisations. Previous high-profile guests include Wolfgang Schäuble, Mateusz Morawiecki, Roy Perticucci, Gordon Bajnai, Maroš Šefčovič, Kristalina Georgieva, Elżbieta Bieńkowska, Pierre Moscovici, Valdis Dombrovskis, Jeroen Dijsselbloem, Jean Arthuis, Werner Hoyer, Vazil Hudák, Jean-Claude Piris, Arthur Laffer, Jan Krzysztof Bielecki, Tomáš David and Jörg Asmussen. We look forward to regularly updating you on who will be attending GLOBSEC Tatra Summit 2018.
At the Heart of the High Tatras
GLOBSEC Tatra Summit once again returns to Štrbské Pleso, a resort located in Slovakia’s majestic High Tatra Mountains. The relaxed and informal atmosphere makes the Summit the ideal place for discussions between private and public sector actors, as well as numerous opportunities for an informal programme on the side of the conference.
Programme - Featured programme
05.10.201814:00 - 14:10
Gerlach Ballroom, Grand Hotel Kempinski High Tatras
Róbert Vass, President, GLOBSEC, Bratislava Vazil Hudák, Vice-President, European Investment Bank, Luxembourg Ivan Korčok, Ambassador Extraordinary and Plenipotentiary of the Slovak Republic to the United States
The digital transformation of the economy creates immense opportunities for improving public and private sector services. It also raises concerns about transparency, inclusivity and power dynamics between the big players and others. With small and medium-size enterprises representing 99% of the EU’s economy and providing over two-thirds of private sector employment, ensuring fair competition that enables the growth of innovative enterprises is key. The European Commission has taken a lead on reining in companies that abuse their market advantage, by punitive as well as legislative measures. What policies are still required to level the playing field? Does regulating the entrepreneurial environment destroy or facilitate innovation and competition? How can we best ensure that innovation does not breed more public mistrust towards companies?
Margrethe Vestager, Commissioner for Competition, European Commission, Brussels Daniel Křetínský, Chairman of the Board of Directors, EP Holding, Prague
Led by:Eve Irvine, News Anchor, France 24, Paris (TBC)
Political fragmentation in the European Union, the rise of populism and reluctance to reform in good times are our new reality. Clouds over the global economy originating from the risk of the all-out trade war and the disruption of transatlantic relations only support the case to act as quickly as possible. Can Europe’s leaders and finance ministers outsmart domestic politics to strengthen economic and financial architecture before the next crisis hits? Is the EU’s position a trade-off between addressing internal challenges and taking the lead on the global stage, or can its political and business leaders act as well as react to domestic and international affairs? What can be done to increase the competitiveness of CEE businesses in the current economic climate?
H.E. Peter Kažimír, Deputy Prime Minister and Minister of Finance of the Slovak Republic H.E. Olaf Scholz, Vice-Chancellor and Federal Minister of Finance of the Federal Republic of Germany H.E. Hartwig Löger, Federal Minister of Finance of the Republic of Austria H.E. Bruno Le Maire, Minister of Economy and Finance of the French Republic Andreas Treichl, CEO of Erste Group Bank, AG, Vienna
Led by:Maithreyi Seetharaman, CEO, Facultas Media Limited, London
BALANCING ACTION AND REACTION: EU’s ECONOMIC FUTURE
Political fragmentation in the European Union, the rise of populism and reluctance to reform in good times are our new reality. Clouds over the global economy originating from the risk of all-out trade war and the disruption of transatlantic relations only support the case to act as quickly as possible. Can Europe’s leaders and finance ministers outsmart domestic politics to strengthen economic and financial architecture before the next crisis hits? Is the EU’s position a trade-off between addressing internal challenges and taking the lead on the global stage, or can its political and business leaders act as well as react to domestic and international affairs? What can be done to increase the competitiveness of CEE businesses in the current economic climate?
GLOBSEC EU TASK-FORCE – BUILDING A VISION FOR EUROPE THROUGH THE LENSES OF A CONSTRUCTIVE CENTRAL EUROPEAN PERSPECTIVE
With European Parliament elections, a new Commission and Brexit, 2019 promises to be a pivotal year for the European Union. The outcome of these key developments will also shape EU’s response to a number of pressing issues, including ensuring economic growth and financial stability; harnessing the full potential of technologies while safeguarding labour markets; balancing migration policies with the need to protect citizens and borders; and determining the EU’s future role on the global stage. There’s also the need to contend with the growing popularity of populist and eurosceptic forces and their potentially dangerous consequences for political, economic and social stability. How will the EU resolve common challenges while tackling its East-West divide? Will engaging with constructive voices from Central and Eastern Europe create a vision for Europe that bridges existing gaps and reignites a common purpose?
CEE CATCHING UP: BUDGET POST–2020 AS AN OPPORTUNITY?
From Brexit to planned cuts to Cohesion Funds and the CAP, and much more besides, a lot is at stake in ongoing negotiations regarding the EU’s post-2020 budget. None more so than for CEE countries and their efforts to catch up with the EU’s leading economies. While nominal indicators are steadily rising, the region’s convergence rate to their Western counterparts is stagnating. The financing of green energy projects also remains a challenge. So how can CEE get the best out of EU budget negotiations? How can the new MFF help to drive the region’s economies forward? Can CEE play a constructive role in EU climate strategy and budget negotiations and can this be linked to an industrial policy supporting innovation and energy transition?
BREXIT: THE COUNTDOWN HAS BEGUN
Intense negotiations between the UK and EU are expected to continue until well beyond the official due date for Brexit. The decision to leave the EU and the Single Market will not only reshape trade relations but also the future of European companies and banks based in the UK. How can companies navigate the economic uncertainties of a post-Brexit Europe? How will the possible relocation of large corporations and banks affect the labour force of the UK and EU? Which European economies will be most affected by the changes and how will this affect the economy of the EU as a whole?
TRANSFORMING THE EU LABOUR MARKET
NEW TECHNOLOGIES VS. OLD SKILL SETS: COMPETITIVENESS IN THE AGE OF DISRUPTIVE INNOVATION
Digital transformation of the economy brings as many benefits as it does challenges. New technologies are changing the entrepreneurial environment and bringing new labour priorities to the forefront of the public and private sectors. Large number of employees from agriculture and industry need to adapt to the changing nature of their tasks and workplaces. What’s currently preventing Europe from being globally competitive in the field of digital and innovative business? How can the CEE region fully embrace the concept of knowledge-driven societies and secure future economic growth? What steps need to be adopted to ensure the employability of CEE citizens in the labour market of the 21st century?
BACKLASH AGAINST THE MACHINE
The pace at which technologies are spreading into every aspect of society raises a number of concerns about the future of employment. Whereas for businesses the issue largely boils down to a matter of efficiency, for many individuals it is about maintaining a sense of purpose and dignity in a changing labour market. The current lack of adequate knowledge and skills needed to adapt to the age of AI exacerbates feelings of being left behind in a globalised world, a sentiment with the potential for severe political repercussions. How can we manage the real challenges and perceived threats posed by technological advances? And exactly whose responsibility is it to do so?
THE FUTURE OF INVESTMENT IN CEE
InvestEU AND DIGITALISATION: THE RIGHT ANSWERS TO CEE CONCERNS?
The EU’s post-2020 Multiannual Financial Framework will limit the amount of funding available to member states. To alleviate negative impacts, Brussels has introduced InvestEU, which seeks to mobilise private sector investment in four key areas – education, research and innovation; small and medium sized businesses; sustainable infrastructure; and social inclusion. After a period where economic prosperity was partly fuelled by EU structural funds, what other options are available for the CEE region to fund sustainable growth? Can the digital economy provide a new engine for growth and how substantial is the potential driven by this transformation?
INFRASTRUCTURE INVESTMENTS IN CEE
Almost three decades after the ‘reunification’ of Europe, CEE countries still fall short of the European average in terms of quantity and quality of digital, transport and energy networks. Conversely, short-term approaches to public spending across the region have also led to a decrease in levels of investment in infrastructure projects. This is likely to have a negative impact on the region’s economic growth as well as the integrity of the EU as a whole. How will the proposed cuts to the next EU budget affect funding for regional infrastructure projects? Could the potential gap be filled by private sector investment? What steps are needed to make CEE infrastructure networks more efficient, innovative and in line with European standards?
ENTREPRENEURIAL ENVIRONMENT IN THE AGE OF INNOVATION
EU ENTREPRENEURIAL ECOSYSTEM: CREATING OR CURBING THE COMPETITION?
The digital transformation of the economy creates immense opportunities for improving public and private sector services. It also raises concerns about transparency, inclusivity and power dynamics between the big players and others. With small and medium size enterprises representing 99% of the EU’s economy and providing over two-thirds of private sector employment, ensuring fair competition that enables the growth of innovative enterprises is key. The European Commission has taken a lead on reigning in companies that abuse their market advantage, by punitive as well as legislative measures. What policies are still required to level the playing field? Does regulating the entrepreneurial environment destroy or facilitate innovation and competition? How can we best ensure that innovation does not breed more public mistrust towards companies?
CEE TECH VALLEY – SOLUTIONS FOR THE FUTURE
New technologies are exponentially changing the nature of industry. Faced with the prospect of half of their workforce being replaced by automated systems, CEE countries must strive to transform themselves from manufacturers into innovation-driven economies. So how can the region reward entrepreneurship and innovation and create a favourable environment for businesses? How can CEE prevent ‘brain drains’ while attracting fresh talent from other parts of the world? Given the necessity of finding new durable strategies for the region, can establishing a CEE Tech Valley provide answers to the challenges ahead? At the same time, what financial instruments could provide adequate funding for these new ambitions? Will these initiatives help to create high value-added regional economies?
REAPING THE REWARDS OF DIGITAL REVOLUTION
The world is at a critical point in a complex and interrelated process of digital transformation that affects all aspects of the economy and societies. However, the ongoing digital revolution is not only about the uptake of technologies, but also a more general transformation within societies and businesses. What is required to turn these new technologies into economic and social opportunities? How can government and stakeholder cooperation be achieved and structured to reap the benefits from going digital? And how can digital technologies be used to diminish rather than create inequalities between and among CEE countries and their respective populations?
ON THE WAY TOWARDS SUSTAINABLE DEVELOPMENT
SUSTAINABLE MOBILITY: FROM EU EMISSIONS REDUCTIONS TO A REGIONAL INDUSTRIAL STRATEGY
The transition to low emission mobility is key to achieving Europe‘s ambitious energy and climate objectives. Falling battery costs and the potential to balance renewable energy sources on the grid have put electric vehicles and e-mobility at the forefront of this process. Like Europe’s clean energy transition, it is not one source or technology that will apply uniformly across Member States. tis thus incumbent on CEE to be proactive and engaged in EU climate strategy and related budgetary processes that link emissions reductions in transportation to a more comprehensive, forward looking industrial policy. How comprehensive are e-mobility policies in CEE? Are low emission mobility plans technologically neutral? How can the next EU MFF budget be used to support innovation and mobility transition in CEE? Can we turn the 2050 EU-Paris Agreement into an industrial competitiveness strategy?
TAX SYSTEMS – INNOVATIVE APPROACHES
Excise taxes have always been imposed to raise revenues, curb consumption or eliminate the effects of negative externalities. However, it has become increasingly important to also introduce regulatory and fiscal measures to achieve more sustainable production and consumption. Governments around the world have started to use taxation as a way to limit the consumption of harmful products by incentivising supply of and demand for more innovative and sustainable alternatives. From CO2 emissions to waste management, mobility, non-communicable diseases and more, there are a range of policies that show how taxation can play a major role in reaching broad public policy objectives related to sustainability. How can we build on existing policy frameworks to fulfil sustainability goals more broadly?
ENERGY PERFORMANCE CONTRACTING IN SLOVAKIA: LET’S GET IT RIGHT
Energy Performance Contracting has the potential to reduce energy consumption, increase quality of public buildings and contribute to the environmental protection. And all of this is possible without any burden on public budgets or public debt. What is the current state of the EPC market in Slovakia? How can key stakeholders from Slovak and European institutions address the current obstacles and help develop this market to its full potential? What are the financing opportunities for EPC investments? And what role do should Slovak and European advisory services play in preparation of these complex investments projects?
INTERNATIONAL ECONOMIC COOPERATION
INTERNATIONAL COOPERATION IN DIRE STRAITS: PRIVATE SECTOR TO THE RESCUE?
Ongoing digitalisation makes multilateral cooperation in the business and political spheres indispensable, yet the power of political leadership to balance different interests appears ever more questionable. The current US administration’s apparent preference for a one-sided approach to global governance raises major concerns regarding the future of international order. Will it become the responsibility of the private sector to champion international cooperation? Are we really facing a future driven by unilateralism or can strengthening public-private partnerships help us face future challenges in a cooperative rather than confrontational manner?
Strategic Institutional Partners
Realised with the financial support of the Foundation of the Ministry of Economy of the Slovak Republic