In honor of the 100th anniversary of Bohdan Gavrylyshyn, his Legacy will be performed again in Davos at the GBW

The 26th Global Business Week, which will take place in Davos from 9 to 17 July 2026, will be opened with a symbolic and deeply meaningful address by Christina Batruch, daughter of Bohdan Hawrylyshyn — the renowned Ukrainian economist, visionary, public figure, co-founder and first director of the World Economic Forum in Davos.

This opening moment carries special historical significance. On 19 October 2026, the world will mark the 100th anniversary of the birth of Bohdan Dmytrovych Hawrylyshyn — an outstanding Ukrainian whose life and work made a profound contribution to Ukraine’s state-building, education, economics, public administration, international relations and civil society.

“Ukraine has always existed for me, at least in my thoughts. Wherever I was, whatever I did, I always thought about what useful thing could be done for Ukraine.”
— Bohdan Hawrylyshyn

Who Was Bohdan Hawrylyshyn?

Where Is It Best to Launch a Business in 2026: the United Kingdom, the UAE, Turkey, Asia or Europe?

In 2026, there is no single universally “best” place to launch a business. The right jurisdiction depends on what a company needs most: legal credibility, access to capital, tax efficiency, manufacturing depth, consumer scale, geopolitical safety, or speed of market entry. The more honest question is not which country wins in the abstract, but which location offers the best fit for a particular business model in a world shaped by war, sanctions, energy shocks and tighter financing conditions. That is especially important now because the IMF has cut its 2026 global growth outlook to 3.1% and warned that conflict-driven commodity shocks and tighter financial conditions are making business decisions more exposed to macro risk. 

GLOBAL BUSINESS WEEK 2026 will be held in Davos

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.

Which Countries Are Benefiting from Global Instability Today?

In spring 2026, it would be naïve to speak of clear “winners” from global instability in any moral or strategic sense. Wars, sanctions, shipping disruption and energy shocks are making the world economy poorer, more fragmented and more expensive to navigate. Reuters Breakingviews put it bluntly: it is delusional to think any country can emerge as a clean winner from the Iran-related energy crisis. Yet economics is rarely symmetrical. Even when the system as a whole suffers, some countries benefit temporarily through stronger commodity revenues, safe-haven flows, defence demand, rerouted trade, or strategic relevance. The real question is therefore not who is “winning” in absolute terms, but which countries are gaining relative advantages while others come under greater strain. 

The first obvious group consists of energy exporters. The World Bank said in April that energy exporters in Europe and Central Asia were likely to benefit temporarily from higher commodity prices, even as most countries in the region would face greater fiscal and current-account pressure. Reuters also reported that the IMF sees oil exporters in Latin America — especially Brazil, Colombia and Venezuela — as short-term beneficiaries of the current shock through stronger export earnings and improved public finances, even though those gains are partly offset by higher domestic fuel and food costs. 

Dr Olga Azarova: FAMILY BUSINESS RETREAT is a MINIBOSS invention for raising strong heirs

Family Business Retreats: Why Children Are the Key Participants in Your Strategy

A family business retreat is not just a holiday and not just a conference. It is a specially designed space where the family steps away from operational routine in order to align personal values with business goals.

When we speak about “strong descendants,” we mean not only heirs to capital, but well-rounded individuals with eight developed types of intelligence — from PhQ to SQ. The presence of children at such retreats is not a “burden,” but a critically important element of the educational process.

What Is Happening to Oil, Logistics and the Cost Base of Business?

In spring 2026, oil, logistics and business costs have moved back to the centre of strategic decision-making. This is no longer a story confined to commodity traders, shipping executives or macroeconomists. It is now a live operating issue for manufacturers, retailers, airlines, food producers, construction groups, franchisors and service businesses. The reason is simple: when war disrupts energy flows and shipping routes, the effect does not stop at the price of crude. It spreads into freight, insurance, packaging, chemicals, food inputs, aviation, consumer confidence and, ultimately, margins. Reuters’ review of corporate disclosures found that since the Iran war began, 21 companies had cut or withdrawn guidance, 32 had flagged price rises, and 31 had cited expected financial damage. (Reuters)

The first layer of the shock is oil itself. Reuters reported that the closure and disruption around the Strait of Hormuz have removed about 13 million barrels per day of crude supply from the market since the war began, while the IMF’s April scenarios assumed materially weaker growth and significantly higher inflation under severe energy disruption. In practice, this means oil is once again acting not merely as a market input but as a systemic signal. When oil becomes scarce, volatile or politically threatened, it changes the price of almost everything that must be moved, heated, refined or manufactured. (Reuters)