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Every year, leading entrepreneurs from five continents who are interested in developing business connections, studying and supporting innovation, establishing new trade missions, and shaping a global business civilisation gather at GLOBAL BUSINESS WEEK — an international platform for a series of business forums and strategic corporate retreats.
Germany is often described through the language of engineering, exports, and industrial discipline. But beneath those familiar labels lies something even more distinctive: a deeply rooted culture of family business. In Germany, family firms are not a niche or a romantic leftover from an earlier era. They are the core of the economy.
Depending on the definition used, family-owned or family-controlled companies account for roughly 86–90 percent of all German businesses. They employ about 54 percent of the national workforce, and under a broader “family-controlled” definition they account for around 58 percent of jobs subject to social-security contributions. In revenue terms, they generate about 43–46 percent of total business turnover.
One important methodological note is that Germany does not have a single universally cited “official” statistic for the exact share of national GDP produced by family businesses alone. German research institutes and family-business foundations more often publish turnover, employment, and ownership figures than a direct GDP share. So the best careful formulation is this: family businesses produce around 43–46 percent of aggregate business revenues in Germany, while the broader Mittelstand sector—much of it family-run—accounts for more than half of the country’s economic output and nearly 60 percent of jobs.
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The Forum will be opened by Dr Christina Batruch, daughter of Bohdan Hawrylyshyn, co-founder and first Director of the World Economic Forum. This year marks the 100th anniversary of his birth, making the opening of the Forum especially symbolic and historically meaningful.
From 9 to 12 July 2026, Davos, Switzerland, will become a meeting point for a new kind of global leadership: young founders, visionary educators, business angels, investors, diplomats, trade representatives, policymakers, and innovation leaders. The 26th Startup World Cup Championship 2026 will gather some of the world’s most forward-looking entrepreneurial and intellectual communities to evaluate youth-led startups and select the best projects of the year as World Champions 2026.
The Championship is part of a broader international movement dedicated to practical entrepreneurship education, innovation, and business diplomacy. According to the official Davos event listing, the Startup World Cup Championship brings together young and mature entrepreneurs, inventors, investors, entrepreneurs, and government representatives from more than 35 countries, with projects assessed by an international jury across innovation, feasibility, scalability, and business potential. (davos.ch)
The 2026 competition will involve 35 educational partners from different countries, stretching across continents — from the United Kingdom to Australia, from the United States to Azerbaijan, from Ukraine to Taiwan, from Lithuania to Turkmenistan, from Switzerland to Kazakhstan, from South Africa to Germany, from the UAE to Iraq, and from the Philippines to Thailand. This geography reflects the Championship’s central idea: startup culture is no longer limited to Silicon Valley or major financial capitals. It is becoming a global educational language.
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For decades, OPEC’s power was built not only on barrels, but on the image of unity. The organisation has always had internal disagreements: between price hawks and volume maximisers, between Saudi Arabia and other Gulf producers, between sanctioned and non-sanctioned states, and between political rivals inside the same cartel. Yet OPEC’s public message was usually the same: discipline, coordination and market stability. The UAE’s exit breaks that image.
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