Baku to host Davos World Economic Forum

President of Azerbaijan Ilham Aliyev met with Executive Chairman of the World Economic Forum Klaus Schwab in Davos on Wednesday, Azertac state news agency reported.

During the meeting, they praised development of cooperation between Azerbaijan and the World Economic Forum, saying it entered a new stage.

President Ilham Aliyev and Klaus Schwab noted the Forum also contributes to cooperation between Azerbaijan and the European Union.

They noted that agreement was reached to hold the Davos World Economic Forum in Baku this April, adding it will be an important event.

Klaus Schwab expressed hope that the World Economic Forum in Baku would contribute to developing cooperation and integration in the Southern Caucasus and Middle Asian regions.