Sberbank, the largest bank in Russia and Eastern Europe, hosted a business breakfast on Friday at the World Economic Forum in Davos, Switzerland.

The topic of discussion at the breakfast was "State institutions or a strong government: what is more important for economic growth?"

The event was moderated by CEO and Chairman of the Management Board Herman Gref and was attended by members of the Government of the Russian Federation, top Russian business executives, prominent representatives of global business and recognized experts from the international community.

Sberbank's breakfasts have been hosted annually since 2009 at the largest investment and economic forums around the world, including the World Economic Forum, the St. Petersburg International Economic Forum and the International Investment Forum in Sochi.

The breakfasts have earned a reputation as having an unprecedented ability to facilitate heated debate between the most influential and competent people on the most pressing global economic issues.