Finance

Home page

Finance

WEF Davos meet kicks off today

25 January 2012 07:48 (UTC +04:00)

The theme of this yearâ€™s Davos meet is `The Great Transformation: Shaping New Models`, the WEF said, adding that it reflected, "The need for a profound overhaul in the face of a fraying global system and lingering economic malaise.

The forum will last until January 29.

The four sub-themes of the meet are `Growth and Employment Models`, `Leadership and Innovation Models`, `Sustainability and Resource Models` and `Social and Technological Models`.

This yearâ€™s event would see record participation by 2,600 guests, 40 heads of state or government and more than 1,600 business leaders, besides social entrepreneurs, young global leaders and representatives from civil society, the media, academia and the arts.

The exhibition named â€œThe traditions in modern Azerbaijani artâ€ will be held within the World Economic Forum. Organizer of the exhibition is the First Lady of Azerbaijan â€“ Mehriban Aliyeva.

Note that, after the Turkish Prime Minister Recep Tayyip Erdoganâ€™s famous â€œone minuteâ€ comment and subsequent departure from Davos, Turkish leadership has rejected from participation in the event.