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World Economic Forum kicks off in Davos

January 20, 5:19 UTC+3 DAVOS
Opening the forum, its founder and chairman Professor Klaus Schwab offered each of its 2,400 participants to bring home at least one "transformation" idea that would help change the world
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© AP Photo/Michel Euler

DAVOS, January 20. /TASS/. The World Economic Forum bringing together annually leading representatives of the political and business elites, opens on Wednesday in the Swiss ski resort of Davos. Organizers say its main theme is the beginning of the fourth industrial revolution. However, the participants in the forum will also discuss a number of pressing political and economic issues, including an unprecedented drop in oil prices, the lifting of sanctions against Iran and the terrorist threat.

Opening the forum, its founder and chairman Professor Klaus Schwab offered each of its 2,400 participants to bring home at least one "transformation" idea that will help to change the world.

Taking part in the forum this year will be more than 40 heads of state and government, including the presidents of Germany, Switzerland, Afghanistan, South Africa and Mexico and the prime ministers of Britain, France, Greece, Canada and Argentina. In all, representatives of more than 100 countries are expected to arrive in Davos.

Head of the Russian delegation Deputy Prime Minister Yury Trutnev is going to brief potential investors on investment opportunities in Russia, above all, in the Far East and to meet with business people from Japan, India and European countries.

Ahead of the forum, Trutnev who is the presidential envoy to the Far East told TASS that he planned to invite the participants in the Davos forum to the second Eastern Economic Forum to be held in Vladivostok in early September 2016.

Russia is represented in Davos this year by about 70 people. Among them are owner of the Rusal aluminium company Oleg Deripaska, CEOs of Sberbank and VTB German Gref and Andrei Kostin and head of the Novatek natural gas producer Leonid Mikhelson. Chairperson of Russia’s Central Bank Elvira Nabiullina will take part in the discussion on the dilemma of the global debt burden.

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