After a long period of absence, Armenia will participate in the 48th World Economic Forum, as represented by Prime Minister Karen Karapetyan. The forum will take place on January 23-26 in Davos, Switzerland.

Spokesperson for Prime Minister, Aram Araratyan has informed Banks.am about Karapetyan’s participation in the forum.

Mr. Araratyan has stated that the Prime Minister will deliver a speech and hold several bilateral, multilateral meetings within the frames of the forum.

He has also noted that while the composition of the delegation is yet uncertain, it will not be large.

It is worth reminding that last time Armenia participated in the forum in Davos in 2009, as represented by President Serzh Sargsyan. In general, Armenia’s absence in the World Economic Forum in recent years was explained by high expenses related to the event.

This year the forum in Davos will pass under the theme “Creating a Shared Future in a Fractured World”, aimed at renewal of the commitment to international collaboration as a way of solving critical global challenges. Over 400 sessions will take place within the frames of the forum.

More than 2,500 participants from over 100 countries will participate in the forum, which will be attended by US President Donald Trump as well this year.

Russian President Vladimir Putin, who participated in the forum in 2009 last time, has no plans to attend the event this year.