Тhe Bulgarian Development Bank will host a virtual conference "Equity for Infrastructure"
The event will take place on May 18, 2021 in Sofia from 10:00 AM to 1:00 PM.
Rewatch the "Invest in Three Seas"
All the presentations from the virtual seminar "Invest in Three Seas" on 29 April 2021 at Tallinn, Estonia.
The operating principles of the 3SIIF will be introduced today
The Three Seas Initiative Investment Fund supports entrepreneurs in expanding export and their business in Eastern and Central European countries. At the moment the fund is estimated to have the value of 1,2 billion euros and it has a potential to grow to 5 billion.
President Rumen Radev Discussed Approaches for Promoting Investment Interest in the Three Seas Initiative with the Managing Director of the IMF Kristalina Georgieva
President Rumen Radev discussed approaches for promoting theinvestment interest in the transport, energy and digital connectivityprojects within the Three Seas Initiative during a videoconference callwith the Managing Director of the IMF Kristalina Georgieva. The ThreeSeas Initiative requires the development of the investment fund and thecreation of business conditions, as well as the expert support ofinternational financial institutions to realise its potential, the Presidentunderlined.
Bulgaria and Romania to work together within the Three Seas Initiative to attract foreign investors to the region
On April 14, 2021, the Bulgarian Deputy Prime Minister and Minister of Foreign Affairs Ekaterina Zaharieva met with the newly appointed Ambassador of Romania to Bulgaria Mrs. Brandusa Predescu and discussed with her the cooperation between the two countries within the framework of the Three Seas Initiative. The two interlocutors agreed that Bulgaria and Romania should work actively together to attract foreign investors to the region.
Virtual seminar to showcase 3SIIF on 29 April
The virtual seminar will showcase the fund’s operating principles and demonstrate how to successfully apply for funding.
The Bulgarian President and the World Bank Country Manager for Bulgaria Met to Discuss the Development Potential of Central and Eastern Europe
Overcoming the socio-economic inequalities between Eastern and Western Europe in the context of the Three Seas Initiative was discussed today by Head of State Rumen Radev during his first meeting with Fabrizio Zarcone, World Bank Country Manager for Bulgaria, the Czech Republic and Slovakia.
President Radev: The Three Seas Initiative is Proving Itself as a Tool for Accelerated Economic and Social Cohesion Between Eastern and Western Europe
The active commitment on behalf of the European Commission will contribute to achieving this goal, stated President Rumen Radev during a meeting at the Presidency with Tsvetan Kyulanov, acting President of the EC Representative Office in Bulgaria.
Bulgaria and Poland to work together for more investments in the region under the Three Seas Initiative
Bulgaria and Poland will work together to increase investments in the region under the Three Seas initiative. This was agreed at a meeting of the Deputy Prime Minister and Minister of Foreign Affairs Ekaterina Zaharieva and Chairwoman of the Supervisory Board of the Investment Fund on the initiative "Three Seas" Beata Daszyńska
President Radev: “Strengthening the 3SI Investment Fund is Important for Achieving Palpable Results with the Initiative”
Consolidating and strengthening the Three Seas Initiative (3SI) Investment Fund is of significant importance to the achievement of palpable, pragmatic results and for the successful implementation of the joint projects within the regional cooperation initiative, stated the Head of State, Mr. Rumen Radev, during a videoconference call with representatives of the leadership of the Fund’s investment advisor Amber Infrastructure Group – an international fund of independent investment management experts.
Rumen Radev: Cooperation in the Field of Innovation and Scientific Research is of Key Importance for Achieving 3SI Connectivity Goals
“Cooperation in the field of innovation and scientific research is of key importance for achieving the Three Seas Initiative (3SI) connectivity goals in the field of energy, transport and digitalization,” said President Rumen Radev at a meeting held today at the Presidency with the President of the Scientific Research and Innovation State Agency Martin Danovski.
Ekaterina Zaharieva: The potential of the 3SI should be used to present our region as an attractive investment destination
‘The potential of the 3 Seas Initiative and of the Bulgarian informal presidency of the process should be used to present the region as an attractive investment destination and to also help with the economic recovery from the recession’.
US Secretary of State Antony Blinken expressed US support for the Three Seas Initiative
Secretary of State Antony J. Blinken remarks on the Three Seas Initiative
Ekaterina Zaharieva : ‘The great value of the 3SI is its orientation to the future and to creating opportunities for young people to live and work in our region’
In a special video address the US Secretary of State Anthony Blinken expressed best wishes for success of the Bulgarian informal presidency and reaffirmed the United States’ robust support for the goals of the Initiative.
President of Bulgaria Discussed the Integration of Bulgarian Business into the Three Seas Initiative
The Head of State Discussed the Integration of Bulgarian Business into the Three Seas Initiative with the American Chamber of Commerce in Bulgaria and the Bulgarian Chamber of Commerce and Industry
Croatia and Lithuania join the 3SIIF; Additional commitments to the Fund
Lithuania and Croatia have formally joined the Three Seas Initiative Investment Fund. The Fund has successfully raised an additional €290 million of commitments.
The Three Seas Initiative Countries Held the First Working Meeting in Preparation for the Sofia Summit
The establishment of business contacts is a main priority as they will render the region more attractive for foreign investments and private capital, as a way of complementing the EU cohesion instruments. The necessity of engaging the business as well as international financial institutions for the implementation of the joint projects was also highlighted during the meeting.
Leadership of the Bulgarian Development Bank to Discuss the Bulgarian Hosting of the Three Seas Initiative
President Rumen Radev held a meeting with the Executive Officers of the Bulgarian Development Bank Mr. Nikolay Dimitrov and Mr. Panayot Filipov at the Presidency to discuss the Bulgarian hosting of the Three Seas Initiative to improve regional transport, energy and digital connectivity. At the end of last year, the Bulgarian Development Bank joined the Initiative Investment Fund as a Class A shareholder with a commitment of BGN 20 million.
Video conversation between Foreign Minister of Bulgaria Ekaterina Zaharieva and the Government Plenipotentiary of Poland for the Three Seas Initiative Pavel Jablonski
On 18 January 2021 Deputy Prime Minister and Minister of Foreign Affairs of Bulgaria Ekaterina Zaharieva had a video conversation with Poland's government coordinator for the Three Seas Initiative Pavel Jablonski. Bulgaria took over from Estonia the coordinating role of the 3SI in October 2020.
Bulgarian Development Bank commits to the Three Seas Initiative Investment Fund
The Three Seas Initiative Investment Fund has successfully raised an additional €20 million of commitments, invested by the Bulgarian Development Bank. Bulgaria joins Poland, Romania, Estonia, Latvia, Slovenia and Hungary as cornerstone investors.
Bulgaria welcomes the investment of $300 million for the Three Seas Fund approved by DFC
As host of the Three Seas Initiative Summit in 2021 Bulgaria welcomes the decision of the Board of the U.S. International Development Finance Corporation that approved its $300M investment into the Three Seas Initiative Investment Fund
$300 million for the Three Seas Fund by DFC
The Board of the DFC, in a meeting chaired by the Secretary of State, Mike Pompeo, approved its $300M investment into the Three Seas Initiative Investment Fund.
Rewatch the announcement of the second investment by 3SIIF
New investment by the Three Seas Initiative Investment Fund was announced on December 2nd, reaffirming the practical value of the initiative and strengthening its digital pillar.
Second investment by Three Seas Fund announced
Greenergy Data Centers secures backing from Three Seas Initiative Investment Fund and eyes a network of data centres across the CEE region.
Resolution supporting Three Seas Initiative unanimously passes U.S. House of Representatives
Today the U.S. House of Representatives unanimously passed a bipartisan resolution in support of the Three Seas Initiative.
Three Seas registered as a trademark with EUIPO
Almost 135 000 trademarks are registered every year with the European Union Intellectual Property Office and under Estonian leadership the Three Seas logo has now become one of them.
What is the Smart Connectivity?
The overall vision of Smart Connectivity is to expand digital components across key infrastructure, which will in turn support new business models and technologies.
Watch again! Three Seas Virtual Summit follow-up seminar
The follow-up seminar to the Three Seas Virtual Summit focused on Three Seas’ projects with special emphasis on the digital.
A Path Towards Smart Region - join the live seminar
Today, on the 27th of October, Estonia as the the host for the Three Seas Virtual Summit is organising a virtual follow-up seminar to dive deeper into the world of the Three Seas’ projects with special emphasis on the digital approach and digital projects.
The Three Seas Initiative – what is it, what does it do and what are the advantages?
To put it simply, the participating states of the Three Seas Initiative all share an interest in new investments in infrastructure, economic growth and energy security.
Three Seas Fund agrees its first investment
The Three Seas Fund announces that it has made its first investment, acquiring a 100% interest in Cargounit , a key player in the CEE railway industry.
Watch again! All panels from the summit
In case you missed the event or wish to watch it again, here are all the panels of the event in video.
Daszyńska-Muzyczka: The Three Seas region is one of the fastest growing in the world
Alongside local governments as cornerstone investors, the Fund aims to stimulate private capital to the region, on a commercial basis.
Three Seas Virtual summit seals the transatlantic deal, as the region turns a corner
A guaranteed €300 million in investment from the U.S., Google getting on board both financially and spiritually and a revolutionary, Estonian-designed approach to digitally integrate transport and energy across the 12 nations that make up the Three Seas Region were the major take homes from an eventful day at the Three Seas Virtual Summit held in Tallinn on Monday.
Estonia unveils Three Seas Smart Connectivity vision, making region global example
The Smart Connectivity forum at Monday’s Three Seas Virtual Summit saw the unveiling of a game-changing approach to the digitisation of travel and energy, as envisioned by Estonia and supported with a €2-million grant from tech giant Google.
Undersecretary Keith Krach: U.S. will invest up to $1 billion in 3SI
The United States has agreed to pledge up to $1 billion to the Three Seas Initiative (3SI), Keith Krach, the Trump administration’s Undersecretary for Economic Growth, Energy and the Environment, announced at the Three Seas Virtual Summit in Tallinn on Monday.
Three Seas leaders find plenty of common ground with U.S. and EU
The Three Seas Virtual Summit in Tallinn saw a keynote high-level discussion in which three presidents from participating nations found a common agreement with representatives of both the United States and the European Commission, particularly on the issue of energy dependency and the sheer potential of the initiative.
Three Seas presidents virtual panel kicks off Tallinn summit
The 2020 Three Seas Virtual Summit in the Estonian capital, Tallinn, got underway with an opening virtual panel session featuring presidents from several of the 12 participating states, who summed up the benefits of being part of the Three Seas Initiative (3SI).
Three Seas Virtual Summit gets underway in Tallinn on Monday
The Three Seas Virtual Summit starts in the Estonian capital, Tallinn, Monday, October 19, with Estonian President Kersti Kaljulaid welcoming the presidents of Poland and Bulgaria as they arrive at the Kultuurikatel in central Tallinn shortly after midday.
New McKinsey report: advancing a digital, tech-driven economy key to post-pandemic growth in the Central and European countries
According to the new McKinsey report, acceleration of creating a digital, tech-driven economy could be the key to post-pandemic growth in the region.
IMF: Infrastructure investment a key priority
Infrastructure investment is a key priority to accelerate the convergence of the living standards toward the level of the more advance European countries, the EU15.
Political leaders from Europe and USA will discuss smart growth in Central and Eastern Europe on Monday
A week from now Estonia will host the Three Seas Virtual Summit, at which leaders from Europe and USA will discuss the future of Central and Eastern Europe.
President of Germany: the initiative has huge potential to create synergies and thus provide important added value to the region
Germany stands ready to actively participate in this undertaking.
Massive gap in infrastructure investments in Central and Eastern Europe compared to Western Europe
Countries in Central and Eastern Europe have a 1.15 trillion euro gap in infrastructure investments compared to Western Europe.
A landmark study to be released by IMF
The IMF will soon release a landmark study that examines infrastructure gaps and assesses the potential returns of infrastructure investment in Central, Eastern, and Southeastern Europe.
Estonia joined the Three Seas Initiative Investment Fund
The board of the Three Seas Initiative Investment Fund, yesterday confirmed that Estonia joined the fund as core investor.
Winners of Three Seas photo competition announced
The competition was designed to showcase ways in which infrastructure affects us all.
President of Hungary: The Three Seas Initiative can be a key element both in our short-term recovery plans and long-term economic strategies
The President of Hungary, János Áder, stresses that in spite of its relatively short history, the Three Seas Initiative has already become a major vehicle of enhancing international cooperation.
Tallinn will host the Three Seas Virtual Summit and Web Forum
The Three Seas Summit and Business Forum which was due to take place in Estonia in October had to be postponed due to the spread of coronavirus. Tallinn will host the Three Seas Virtual Summit and Web Forum on October 19, which will open with a debate between heads of state.
Reinforcing the transatlantic ties
One of the objectives of the Three Seas is to reinforce the transatlantic relationships and we can already see the results.
Margrethe Vestager: To shape Europe's digital future, we need digital infrastructures and technologies that serve a purpose and work for us all
Margrethe Vestager will be attending the Three Seas Business Forum in October to discuss the digital future of the Three Seas region.
EU Commissioner for Energy: With this summit, we can look at energy policy and economic recovery from a regional perspective
We are glad to announce the participation of EU Commissioner for Energy, Kadri Simson in the Three Seas Business Forum.
Estonian Foreign Minister: For us, the success of the Tallinn summit is about generating and agreeing upon the practical deliverables
Statement by Estonian Foreign Minister Urmas Reinsalu at the Three Seas Foreign Ministers' meeting focusing on practical deliverables of the Tallinn summit held in autumn.
The first Three Seas foreign ministers meeting was an important step for advancing the initiative
Yesterday was held the first video meeting of the foreign ministers of the Three Seas region. The meeting, initiated by Estonia, discussed the inclusion of the governments of participating states in meeting the objectives of the cooperation platform.
President of Romania: We should continue to look to the future through pragmatic lenses and spare no effort to enhance our connectivity hand in hand with our resilience
The President of Romania, Klaus Werner Iohannis, brings out that in the current global context the Three Seas Initiative could play an important role in dealing with the post pandemic recovery.
President of Poland: Three Seas Initiative can become a vehicle of idea-driven recovery from COVID-19 crisis
The President of Poland, Andrzej Duda, stresses that the Three Seas has the potential to drive recovery in the EU and to attract investments to lift our economies from crisis.
President of Bulgaria: The summit in Tallinn has a vital mission to further advance the implementation of our common vision
The President of Bulgaria, Rumen Radev, reiterates his dedication and readiness to fully support the spirit and goals of the Three Seas.
President of Latvia: The outcome of this Initiative will be a strong backbone for our economies
The President of Latvia, Egils Levits, sees the Three Seas Initiative as an instrument that continues the crucial work of reducing disparities within the EU and facilitating cohesion.
President of Slovenia: The Three Seas Initiative is of key importance for economic development, European cohesion and transatlantic ties
The Three Seas Summit and Business Forum took place in Slovenia last year and was hosted by the President of the Republic of Slovenia Borut Pahor. We are glad to present his thoughts on the importance of Three Seas.
Hungary also to join Three Seas Initiative Investment Fund
Hungary announced the decision to join the Three Seas Initiative Investment Fund along with Poland, Romania, Estonia and Latvia.
Latvia to join Three Seas Initiative Investment Fund
The Cabinet of Ministers endorsed the involvement of ALTUM, a state-owned development finance institution, in the Three Seas Initiative Investment Fund.
Estonia becomes the third country to join the Three Seas Initiative Investment Fund
Today the Estonian government confirmed the decision to join the Three Seas Initiative Investment Fund, which would create more possibilities to fund ambitious infrastructure projects in the energy, transport and digital sectors in Central and Eastern Europe. Poland and Romania have already joined the fund and several countries are currently considering becoming members.
Damon Wilson: "Three Seas region is probably undervalued."
Damon Wilson, an American foreign policy advisor and the current Executive Vice President at the Atlantic Council, shares his thoughts on how the Three Seas is transforming from an idea into action.
Secretariat of the Three Seas created
The Technical Secretariat of the Three Seas was created in Estonia to ensure the smooth organization of the next summit and business forum, and the general coordination of the Three Seas Initiative.
The Three Seas summit and business forum is rescheduled to 19 & 20 October
The Three Seas summit and business forum which was due to take place in Estonia in June has been rescheduled due to the spread of coronavirus. The event will now be held in Tallinn on 19 & 20 October 2020. The summit and forum will bring heads of state, leading business figures and senior officials from Europe and the United States to Estonia to discuss Central and Eastern European economies and energy security.
President Kaljulaid discusses with US National Security Adviser cooperation between the two states
President Kersti Kaljulaid, who is on a working visit to the United States of America this week, met late last night at the White House with US National Security Adviser Robert O’Brien and discussed security-related cooperation between Estonia and the USA and the geopolitical context of the Three Seas Initiative.
Amber Infrastructure Group Appointed Exclusive Adviser to the Three Seas Fund
Amber Infrastructure Group (‘Amber’) announces its appointment as the exclusive investment adviser to the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (‘3SIIF’), a dedicated commercial fund targeting infrastructure investment in Central and Eastern Europe (‘CEE’).
President Kaljulaid meets with the US Secretary of the Treasury and the Managing Director of the IMF
Yesterday, in the course of her working visit to the United States of America, President Kersti Kaljulaid met in Washington with US Secretary of the Treasury Steven Mnuchin and Managing Director of the International Monetary Fund Kristalina Georgieva.
President Kaljulaid in Munich: Estonia aims to make the Three Seas Initiative more practical
"Estonia aims to bring more practical aspects to the table during this summer's Three Seas Summit," President Kersti Kaljulaid said during the Three Seas Initiative roundtable at the Munich Security Conference.