Gitanas Nausėda to foreign ambassadors: the 3SI is part of democratic countries efforts to drive the market and investments into trusted connectivity
President of Lithuania Gitanas Nausėda met with foreign ambassadors accredited to Lithuania on the eve of the Day of the Restoration of the State of Lithuania.
Gitanas Nausėda in Davos: The Three Seas Initiative is changing the direction in which Europe moves
At the World Economic Forum in Davos, President Gitanas Nausėda stressed the importance of the Three Seas Initiative not only in strengthening transatlantic ties, but also in changing the direction in which Europe moves. The Lithuanian President invited the world’s business leaders to actively participate in the Business Forum at the Three Seas Initiative Summit to be held in Vilnius in April.
3SI Business Forum 2023 - High Level Opening Session
The Three Seas Initiative Business Forum, hosted in Romania for the second time, under the High Patronage of the President of Romania was an essential opportunity for representatives from member states and partner countries, together with invited investors, to look beyond the negative effects of conflicts, pandemics, crises generated by rising prices and supply chain disruptions, to find innovative ways to respond to new economic and geopolitical realities and growing investment needs
3SI Business Forum 2023 - Energy Section
Substantial discussions at the 3SI Business Forum with our regional and international partners on strengthening a resilient, affordable and green energy system
3SI Business Forum 2023 - Transportation Section
Topics of major interest for the European Union and NATO were debated in the Transport section of the 3SI Business Forum of the Three Seas Initiative - "Investing into a resilient tomorrow", at the Palace of the Parliament
3SI Business Forum 2023 - Digital Section
Artificial intelligence represents the future of technology, but also a challenge for and our allies from the Three Seas Initiative
3SI Business Forum 2023 - Trade & Investment Roundtable
The Investment panel at the Three Seas Business Forum was a platform for robust discussions in the dynamic context of Central and Eastern Europe
Investing into resilient tomorrow
The Romanian Government attaches great value to the regional economic and political cooperation, as the multiple-crises, aggravated by the Russia’s war of aggression against Ukraine, compel the reshaping and adjustment of economic fluxes, proximity connections, energy supplies and geostrategies
Talking with the experts: Gerald Koch from the Three Seas Investment Fund on the future of renewable energy
We had the chance to speak to Gerald Koch, Shareholders’ Representative in the Investment Committee at Three Seas Initiative Investment Fund and senior climate change impact professional.
Talking with the experts: Joe Philipsz on the Investment panel
The Investment panel focused on the investment opportunities of the region – this time, in the context of the war in Ukraine and how it has affected the flow of investment. On the stage, among other speakers, we saw Joe Philipsz, Head of The Three Seas Investment Fund at Amber Infrastructure Group. We had an exclusive opportunity to interview Mr. Philipsz about the topics discussed on the stage, what challenges should be paid more attention to, and lessons learned.
Latvia is at a turning point in history – along with the rest of the Three Seas region
As seen in The Economist June 10, 2022 issue. The article has been edited for context.Energy independence.Freedom in Europe.Recession-proof future economy.This is a unique period in history where a third of Europe is on the verge of a major shift and has promising opportunities for business and investment based on the high economic potential and high geopolitical importance. The region in question? The Baltics and the north-south axis of Eastern Europe, also known as the Three Seas Region.
Talking with the experts: Dr. Viktoriia Betina about the Transport & Logistics panel
On June 20-21, 2022, Three Seas Initiative (3SI) leaders and stakeholders met in Riga, Latvia, for the annual Three Seas Summit and Business Forum. The two days were filled with talks and meetings, discussing the present and shaping the future of the Three Seas region.
The Latvian Parliament hosted the 2nd Parliamentary Forum of the Three Seas Initiative
On 21 June 2022, the Latvian Parliament (Saeima) hosted the 2nd Parliamentary Forum of the Three Seas Initiative (3SI) focusing on digital transformation, interoperability of infrastructure, energy independence and security in the region.
Chambers of commerce and industry of the Three Seas Initiative: The Russian aggression in Ukraine and availability of energy resources are the key challenges of the European economy
During the discussion organised within the framework of the summit of the Three Seas Initiative by the largest entrepreneurs’ association of Latvia — the Latvian Chamber of Commerce and Industry (LCCI), representatives of chambers of commerce and industry of countries of the region discussed the matters of the ongoing war waged by Russia in Ukraine and the availability of energy resources, which are the key challenges of the European economy, as well as independence from Russian resources and the necessity to promote mutual co-operation.
Three Seas Business Forum – main takeaways and the most notable quotes from the panels
The Three Seas Summit and Business Forum in Riga has come to an end. It was a gathering of policy-makers and industry leaders from the energy, transportation, and digitalization industries from across the Three Seas Region and beyond. Over two days, they delivered inspiring talks, took part in exciting panel discussions, and made game-changing announcements.
Three Seas Business Forum concludes with reiterated support for Ukraine and investment commitments from USA and Google
The Three Seas Business Forum, held in Riga, Latvia, has concluded with unanimously expressed support for Ukraine, an investment of up to 300M USD into the Three Seas Investment Fund, and a commitment of 5 million USD into the region's digital inclusion by Google.
First day of the Three Seas Summit and Business Forum has concluded
Today, 20 June 2022, marked the first day of the Three Seas Initiative (3SI) Summit and Business Forum in Riga, Latvia bringing together leaders from 12 member states, strategic partners, the regional and international business, and investment sectors.
In the Riga Summit leaders of the 3SI member states highlight closer cooperation with Ukraine and appreciate the United States contribution to the 3SI Investment Fund
On 20 June 2022, the H.E. President of Latvia Egils Levits hosted the presidents and high-ranking officials of the Three Seas Initiative’s (3SI) member states, as well as representatives of the Initiative's strategic partners - the United States, Germany, and the European Commission - to discuss in the closed meeting current priorities and plans.
3SIIF makes its first investment in the port sector
The Three Seas Initiative Investment Fund S.A. SICAV-RAIF (‘3SIIF’, ‘the Fund’) has acquired a significant interest in BMF Port Burgas EAD (‘BMF Port Burgas’, ‘the Port’), a major port operator in the Port of Burgas in Bulgaria, from Advance Properties OOD, who will retain a majority interest. The investment is subject to merger control approval.
U.S. International Development Finance Corporation and the Three Seas Initiative Investment Fund Agree to Term Sheet for up to US$300 Million in Financing
United States International Development Finance Corporation (‘DFC’) and the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (‘3SIIF’, ‘the Fund’) have agreed to a term sheet that will form the basis of an agreement under which DFC will provide up to $300 million (c.€280m) of financing to the Fund. DFC financing will support energy and infrastructure investments that enhance energy security, facilitate energy diversification, and improve connectivity in the Three Seas region.
A glimpse into the upcoming panels of the Three Seas Business Forum 2022
The Three Seas Initiative (3SI) Business Forum is taking place on June 20-21, 2022, in Riga, Latvia. The Forum will combine in-person attendance at the Hanzas Perons venue in Riga with live streaming from the event at the 3SI webpage, 3SI Facebook page, and LIAA's Facebook page.
Within the framework of the summit of the Three Seas Initiative, chambers of commerce and industry to discuss the economy and security of Europe
Alongside the Three Seas Summit this year, the largest association of entrepreneurs in Latvia — the Latvian Chamber of Commerce and Industry (LCCI) — in co-operation with AS “Rietumu Banka” is organising a roundtable discussion between chambers of commerce and industry titled “Regional security via transport, energy and infrastructure: the role of chambers in it," which is to take place on 20 June from 9.00 to 11.30 in Riga at the Zunda Towers centre. The discussion will be live-streamed online.
Must-hear speakers of 3SI Business Forum 2022
The Three Seas Initiative (3SI) Business Forum is taking place on June 20-21, 2022, in Riga, Latvia. The Forum will combine in-person attendance at the Hanzas Perons venue in Riga with live streaming from the event. The two days of the 3SI Business Forum will gather prominent speakers, thinkers, political figures, economists, and investors to discuss contemporary geopolitics, technological and industrial developments, economic perspectives, and realities of the Three Seas region. To help you plan your attendance schedule for this year's 3SI Business Forum, we've created a list of can't-miss speakers. Take a look and mark your schedule!
Meet Riga – this year's 3SI Business Forum location
In 2022, the Three Seas Initiative (3SI) Business Forum is hosted in Latvia, one of the 3SI member countries. The event is taking place at the Hanzas Perons venue in Riga, the country's capital city, on June 20-21, 2022. Located on the shore of the Baltic Sea at the mouth of the River Daugava, Riga is Latvia's most populated city and a central transit hub with the busiest airport in the Baltics. To ensure your stay in Riga during the 3SI Business Forum is as enjoyable and convenient as possible, here's a brief guide on the city.
Prime Minister of the Republic of Latvia: strengthening physical and digital connectivity is the main goal of the Three Seas Initiative
The Three Seas Initiative’s (3SI) Summit and Business forum in Riga is planned to take place on 20 and 21 June 2022, and with the series of strategically and politically significant events approaching fast, discussions about the Three Seas region’s growth potential, the necessity to strengthen cross-border connectivity, and build stronger cross-country cooperation have become even more important. To preview the upcoming 3SI Summit and Business Forum in Latvia, on 8 June, the Atlantic Council’s Europe Centre hosted a workshop, during which high-ranking government officials from the European Union and the United States joined an exciting series of conversations on the Three Seas and the economic potentials the region, as well as the prospects of the relationship between the Initiative and Ukraine.
Three Seas region’s transport industry officials meet for closer cooperation in the face of War in Ukraine
The Three Seas Initiative’s (3SI) Summit and Business forum in Riga is just two weeks away and discussions on the progress of cross-border cooperation within the Three Seas region are evolving. On 6 and 7 June 2022 the “Three Seas Local Government Congress” was organized in Lublina under the patronage of the President of the Republic of Poland, Andrzej Duda, during which vital issues for the Three Seas region in the face of the war in Ukraine were addressed.
Support for Ukraine pledged at the Three Seas Initiative Summit National Coordinators’ meeting
On 7 June 2022, the State Secretary of the Ministry of Foreign Affairs, Andris Pelšs, chaired the Three Seas Initiative (3SI) National Coordinators and Sherpas Meeting. The meeting brought together representatives from the 3SI countries, the United States of America, Germany and the European Commission. The agenda addressed the development potential of the 3SI and the ways to provide assistance to Ukraine.
Live seminar on 9 June: “Infrastructural cross-border projects within the 3 Seas Initiative framework”
Already on 9 June 2022 at 10:00 a.m. to 1 p.m. (EEST), live seminar dedicated to infrastructural cross-border projects within the 3 Seas Initiative (3SI) framework will be held in Helsinki, Finland and will bring together the top transport industry professionals, transport analysts and government officials from Poland, Finland, Latvia, and Estonia to discuss common goals of further development of the 3SI region’s connectivity.
Linking vision with action: What to expect from the 3SI Business Forum 2022
The 3SI Business Forum is back! This time we'll meet in Riga, Latvia on June 20-21.
Monetary Policy in a New European Reality
The 1st conference for central banks of the Three Seas Initiative (3SI) entitled Monetary Policy in a New European Reality to be held in Warsaw on 10 June 2022.
Priorities of the Three Seas Initiative spotlighted during World Economic Forum in Davos
The Three Seas Initiative (3SI) has become one of the topics during the World Economic Forum in Davos, Switzerland, attracting speakers and audience on current matters of development of the Three Seas region. From 22 to 25 May 2022, in six noteworthy panels, discussions are focusing on the Three Seas region’s energy transformation, commercial potentials, international investments, new age infrastructure, financial potentials and possible digital revolution.
The State Secretary, Ministry of Foreign Affairs of the Republic of Latvia: We appreciate Japan’s increasing interest in the growth of the Three Seas Initiative
On 25 May 2022, the State Secretary of the Ministry of Foreign Affairs, Andris Pelšs, took part in an online conference on building opportunities for cooperation between the Three Seas Initiative (3SI) region and Japan. The event was arranged to introduce the Japanese side to the objectives of the 3SI, the operational principles of the 3SI Investment Fund, the region’s potential, and opportunities for Japan’s business and investment sector.
Civil society has a fundamental role in strengthening the resilience of the Three Seas region
Last weekend, on 20 and 21 May 2022, the Civil Society Forum of the Three Seas Initiative (3SI) took place in Riga for the first time, and was opened by H. E. Egils Levits, the President of the Republic of Latvia. The purpose of the Civil Society Forum is to provide a unique platform for the exchange of new ideas, social dialogues, and knowledge between civil society actors from the participating 3SI Member States.
The Three Seas Initiative Civil Society Forum will take place in Riga
The Civil Society Forum of the Three Seas Initiative (3SI) will take place at the Riga Castle on May 20 and 21, 2022 to discuss issues relating to the 3SI priorities of connectivity, digitalisation, security and governance.
The Business in Filling the North-South Connectivity Gap: need to invest in future-proof projects is increasing
The Three Seas Initiative’s (3SI) event “Business Opportunities in Filling the North-South Connectivity Gap” on the morning of May 12th has become an example of well thought through strategies turning into real life investments of the initiative’s participating member countries and entrepreneurs. The meeting provided a discussion platform to investigate opportunities for strengthening connectivity and security in infrastructure, digital, and energy sectors on the North-South axis, but also to recognize the future economic advantages, exclusively, with case studies from the Three Seas region on various projects developed and planned within the Investment Fund.
Media accreditation for the 3SI Summit and Business Forum 2022 is now open
The Three Seas Initiatives (3SI) Summit and Business Forum will take place on June 20th and 21st this year in Riga, Latvia. The 3SI Summit will be opened on June 20th by the President of the Republic of Latvia, Egils Levits. Within the framework of the summit, there will be a closed meeting between the leaders of the 3SI nations, the 3SI’s partners (USA, Germany, and the European Commission), and the guests of the Riga summit, followed by a press conference.
London to welcome 3SI event "Three Seas Initiative: Business Opportunities in Filling the North-South Connectivity Gap"
On 12 May the Embassies of Latvia and Poland in the United Kingdom in cooperation with the Polish Development Bank will be holding an event “Three Seas Initiative: Business Opportunities in Filling the North-South Connectivity Gap”. The event will be putting the spotlight on the Three Seas Initiative Investment Fund, and introducing the opportunities of the Investment Fund and its projects to the British stakeholders.
Digital Transformation in the 3SI Region Addressing New Challenge
On 28th of April, the American Chambers of Commerce in Latvia and Bulgaria in partnership with Digital Poland and Google hosted a Three Seas Initiative (3SI) Digital Conference in advance of the upcoming 3SI Summit in Riga. Experts outlined several important issues such as the significance and urgency of the digital transformation, the necessity to establish a coordinating institution of the 3SI as well as the opportunity to build strategic partnerships to integrate the Central and Eastern European region in the global market.
The Three Seas Initiative: Tool for strengthening cooperation in the region
On 26 April a panel discussion was organised in Vienna, Austria, to debate on minilateralism in EU, share new visions on regional initiative from a global perspective, look for the added value of the initiative to be brought to Austria and find effective strategies for the Green Deal to become the driving force in Central and Eastern Europe.
Three Seas Initiative conference on digital transformation
The American Chambers of Commerce in Latvia and Bulgaria in partnership with Digital Poland and Google will hold a Three Seas Initiative (3SI) Digital Conference in advance of the upcoming 3SI Summit in Riga on April 28 at 15.00 at the Radisson Blu Hotel Latvija with a focus on transformation amid a shifting geopolitical landscape.
The Future of Cybersecurity and the Three Seas Initiative: Ultimately It All Boils Down to Trust
One of the three pillars of the Three Seas Initiative is the development of digital connectivity in Central and Eastern Europe. On April 7, 2022, “Boosting Cybersecurity Cooperation in the Three Seas Initiative” brought together government and business professionals from the Three Seas region to discuss the risks and opportunities of the current digital transformation, its challenges, and the impact it may have on the future of cybersecurity.
The Three Seas Investment Initiative: Building the Economy of Tomorrow
On April 14th, a virtual discussion was held regarding “Financing Regional Security: An Update on the Three Seas Initiative (3SI) Investment Fund”. The panel of experts addressed the economic potential of the region, the importance of smart investments, as well as the public and private partnerships involved in the process.
Discussion: “Financing Regional Security: An Update on the Three Seas Initiative Investment Fund”
A virtual discussion regarding “Financing Regional Security: An Update on the Three Seas Initiative Investment Fund” will be held on April 14
The Three Seas Summit and Business Forum will be held in Riga on 20–21 June 2022
We are pleased to announce that on 20–21 June, the President of the Republic of Latvia, Egils Levits will be hosting the Three Seas Initiative Summit and Business Forum in Riga.
Introduction to the Three Seas Initiative
Join us for an Introduction to the Three Seas Initiative, hosted by H.E. Mr. Egils Levits, President of the Republic of Latvia, on November 28 at 3-4 PM (Dubai time) in the Latvian Pavilion at World Expo 2020.
President Rumen Radev: Implementing the Three Seas Priority Projects Will Be a Decisive Game Changer in the Sustainable Development of the Region and Europe
Implementing the Three Seas priority projects will be a decisive game changer in the sustainable development of our region and of Europe as a whole. The consistent increase in their number reveals the growing level of our ambitions, stated President Rumen Radev, who opened the Sixth Three Seas Initiative Summit today in the National Palace of Culture in Sofia.
The Three Seas Summit and Business Forum starts today in Sofia
The Three Seas Summit and Business Forum starts today in Sofia, Bulgaria. The event will be held on 8th and 9th of July, 2021. The host of the event – President of the Republic of Bulgaria Rumen Radev will welcome in Sofia Heads of state and government as well as high-level representatives of the 12 participating 3SI countries.
The Head of State: Our Region Will Become Increasingly Attractive for Strategic Investments, Thanks to the Strengthened Partnership Within the Three Seas
The Central and Eastern Europe Region will be increasingly attractive to large-scale strategic investments, thanks to the strengthened cooperation within the Three Seas Initiative, stated President Rumen Radev at the opening of the Presidential Panel of the Business Forum within the Sixth Three Seas Initiative Summit. Bulgaria hosts the international event, bringing together presidents and leaders of delegations of the 12 participating countries in the EU and the strategic partners – USA, the European Commission and Germany. The forum is being held on the 8th and 9th of July in the National Palace of Culture in Sofia.
Local Government Economic Congress II Three Seas Forum of Regions
The Event will be held under the honorary patronage of the President of the Republic of Poland Andrzej Duda.
The Three Seas Initiative Business Forum will be held in Sofia on July 8–9, 2021
As part of Bulgaria’s chairmanship of the Three Seas Initiative (3Si), Bulgaria will also host a Business Forum in conjunction with the Three Seas Summit July 8 th to 9 th , 2021. TheBusiness Forum will include meetings between the Chambers of Commerce, innovationagencies, and investment agencies of 3SI participating states, as well as parallel businesses’ meetings. The Business Forum has four separate panels on energy, innovation, transport, and digitalization, as well as a special panel focusing on the 3Si Investment Fund.
Registration for the online participants of the Three Seas Sofia Summit and Business Forum 2021
The Bulgarian SME Promotion agency is responsible for the organisation of the 3SI Sofia Business Forum which will take place on the 8th-9th July in Sofia, Bulgaria. We are very pleased to inform you that the registration for the online participants of the Three Seas Sofia Business Forum 2021 is open.
VIDEO: Three Seas Parliamentary Forum focused on interconnection projects
The discussions at the First Three Seas Parliamentary Forum, which was initiated by Estonia, focused on financing priority interconnection projects and attracting private investments.
Third investment by Three Seas Fund announced
The Three Seas Fund makes its first energy investment
Watch again: Virtual conference "Equity for Infrastructure"
The Bulgarian Development Bank hosted a virtual conference dedicated to the funding opportunities within the Three Seas Initiative.
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 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.
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