World Economic Forum World Economic Forum The World Economic Forum (WEF), based in Cologny-Geneva, Switzerland, was founded in 1971 as a not-for-profit organization. It gained formal status in January 2015 under the Swiss Host-State Act, confirming the role of the Forum as an International Institution for Public-Private Cooperation. The Forum's mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas." The WEF is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern
Yalta International Economic Forum Yalta International Economic Forum The Yalta International Economic Forum (shortened as YIEF) is an annual business event held in Yalta on the Crimea Peninsula since 2015. It is considered the fourth largest Russian economic forum, after the Petersburg International Economic Forum, the Eastern Economic Forum and the Sochi Investment Forum. The forum is sponsored by the local Government of the Republic of Crimea and the Yalta International Economic Forum Fund, all Russian sources. The YIEF sees itself as an international venue for discussing socio-economic development issues, for Russia and the world economy as a whole. According to the organizers, the