Photo by: Saulius Žiūra
Infrastructure is a key foundation stone and a powerful driver of economic growth and resilience. The Three Seas Initiative (3SI) was launched by twelve EU member states situated between the Baltic, Black, and Adriatic Seas to accelerate the development of cross-border energy, transport, and digital networks. On 19 October, Tallinn will host the next Three Seas Summit convening top leaders from Europe and the United States.
Successful execution of
Three Seas Initiative
addresses a 1.16 trillion euro regional infrastructure deficit, a legacy of Soviet occupation of Central and Eastern Europe, and will expand the linkages between Three Seas participating states and between the region and the rest of Europe. Toward these ends, a commercially-managed Three Seas Initiative Investment Fund was launched earlier this year to invest in the region’s cross-border projects, and the United States has pledged to invest up to $1 billion in the fund and Three Seas energy projects.
The International Monetary Fund will soon release a landmark study, Infrastructure in Central, Eastern, and Southeastern Europe: Benchmarking, Macroeconomic Impact, and Policy Issues, that examines the region's infrastructure gaps and assesses the potential returns of infrastructure investment. The report articulates policies that can help countries and regions maximize the benefits of infrastructure investment.
In the run up to the 19 October Three Seas Virtual Summit and Web Forum hosted by the President of Estonia in Tallinn, the Atlantic Council will host a discussion on 28 September on this important IMF report, the Three Seas Initiative, and the opportunities the region’s economic vitality presents for investment.
More information about the event can be found here.
A landmark study to be released by IMF
Abonaţi-vă la ştirile noastre!
News
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