Austrian Chancellor inaugurates the Global Social Business Summit

Chancellor of Austria Werner Faynman Thursday inaugurated the third Global Social Business Summit in Vienna. Mayor of Vienna, Dr. Michael Haupl greeted the audience of more than 500 delegates from 56 countries, said a statement. Under the motto "Pioneering for Results" the Global Social Business Summit 2011, taking place from 9th to 12th November, brings together more than 500 individuals from the worldwide Social Business movement coming from the corporate, political, civil society and academic world. The event offers a unique opportunity to network and to gain an in-depth understanding of Social Business as a way to address social problems faced by communities around the world. Nobel Laureate Professor Muhammad Yunus in his speech at the ceremony said, "When the crisis is at the deepest, the opportunity is the greatest, we must place faith in the unlimited capacity for creativity inherent in human beings to recreate the world in such a way that is fairer to all and sustainable." Other noted speakers were Boris Marta, Director on the Board of Erste Foundation, Thomas Stelzer, the Assistant Secretary-General for Policy Coordination and Inter Agency Affairs and Hans Reitz, founder and creative director of the Grameen Creative Lab. Dr. Fatima Al-Balooshi, the Minister of Social Development of Bahrain, also attended the inauguration ceremony.