Bulgaria's Finance Minister Joins Political, Business Elite in Davos

www.novinite.com Politics: 23 January 2003, Thursday. Bulgaria's Finance Minister Milen Velchev will participate in the World Economic Forum to take place January 23-28.

At the forum Minister Velchev will talk on the businessmen's ability to become good politicians and the remuneration of the presidents and executive directors of companies. The Forum aims to prompt discussions, not to yield concrete results, Minister Velchev said in Sofia.

The political and business elite have already begun gathering in the exclusive Swiss ski resort of Davos for the annual meeting. Corporate scandals and the possibility of war with Iraq will be the two issues dominating this year's World Economic Forum.

Top billing goes to the US Secretary of State, Colin Powell, who will deliver a "major speech" on US foreign policy at the weekend. Other political figures likely to make the headlines include Presidents Luiz Inacio Lula da Silva of Brazil, Vicente Fox of Mexico and Johannes Rau of Germany.