Current Bangladesh Time
Monday June 26, 2017 9:31 AM
Prime News 24 Bangla Edition Prime News 24 on Facebook Prime News 24 on twitter Prime News 24 on Google Plus
Prime News 24
Latest News
Home » Bangladesh, Headlines » Europe overwhelmed with social business: Dr Yunus
28 June 2013 Friday 6:41:16 PM
Print this E-mail this

Europe overwhelmed with social business: Dr Yunus



Dr Muhammad YunusDHAKA :: Nobel Laureate Prof Dr Muhammad Yunus on Friday said many countries around the world are now coming up to adopt the social business concept to address their growing unemployment and emerging economic problems.

“Now we’re invited by many countries around the world to help them set up social business, particularly in Europe,” he told the opening session of a daylong conference at Radisson Blu Water Garden Hotel in the city.

Yunus Centre organised the programme marking the 4th annual Social Business Day.

In his opening remark, Dr Yunus, the founder of Nobel-wining Grameen Bank, said the European countries are impressed with the social business concept. “Germany, France and other countries are joining the social business.”

Referring to the growing joblessness in the European Union, he said unemployment is now a headache for European society, particularly among the low-income families.

He said: “Unemployment is shaking up Europe. Half of the young people are unemployed in Spain. Portugal has a lot of unemployment…Sweden has invited us. There’re already a dozens of social business institutions in Sweden….”

The Nobel Laureate said a lot of people in the city of London go to sleep without food. “They’re worried. They’ve invited us to adopt social business.” About the crowd-funding concept, Dr Yunus said crowd-funding is a small thing but significant. “Not only the big guys will make investment in social business, not only the big corporations will pump money into social business and not only big institutions will provide money for social business, but every person can provide 20 dollars, 50 dollars and 500 dollars for a specific project.”

The total amount will make a fund of 100,000 dollars for the specific project and this is coming up, Dr Yunus told his audience.

About the progress of social business, Prof Yunus said, “Now we’re getting involved in the European Union. The social business is included in the part of European Union policy. This is the significant improvement….”

Apart from the policy progress, he said France has created a fund for promoting social business.

US Ambassador Dan W Mozena and Japanese Ambassador Shiro Sadoshima also spoke at the opening session of the conference.

The Social Business Day 2013 is a platform for sharing experiences in the growing field of social business – non-dividend companies to solve social problems.

Around 1,000 participants, including 150 from 30 other countries, took part in the conference and discussed with social business entrepreneurs from around the world about their works, business models, recent achievements and challenges.

Edited By: Mahathir IslamViewed: 3522 times

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from AmaderBarisal.com are strictly prohibited and liable to legal action.
(Commenter's opinion published in the comment section is their very own. Published opinions are no way similar to AmaderBarisal.com-'s editorial position. AmaderBarisal.com authority will not take legal or any other type liability for commenter opinion’s content or accuracy.)
Europe overwhelmed with social business: Dr Yunus
WB okays $400m to upgrade Bangladesh’s embankment system
Govt’s poor handling costs GSP: BNP
No plan to ban Bangladesh apparel import: US
Teachers challenge Nahid

© All rights reserved
PrimeNews24 2012-2013

Publisher: Moazzem Hossain Chunnu, Editor-in-charge: Yasir Adnan
Shajer Maya (1st Floor), Hazrat Kalushah Sharak, Barisal-8200.
Phone : 0431-64544, E-mail : hello@primenews24.com