Hungary also to join Three Seas Initiative Investment Fund
Hungary announced the decision to join the Three Seas Initiative Investment Fund with a contribution of 20 million euros. The Hungarian Export-Import Bank has been tasked with the execution of the decision.
The Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó confirms in a letter to the Estonian Minister of Foreign Affairs Urmas Reinsalu that Hungary stands ready to join forces with all the Member States of the Three Seas initiative to further increase the stability and prosperity of our region through project-based infrastructure development assisted by the Three Seas Initiative Investment Fund.
Hungary becomes the fifth country to join the fund along with Poland, Romania, Estonia and Latvia.
investment interest in the transport, energy and digital connectivity
projects within the Three Seas Initiative during a videoconference call
with the Managing Director of the IMF Kristalina Georgieva. The Three
Seas Initiative requires the development of the investment fund and the
creation of business conditions, as well as the expert support of
international financial institutions to realise its potential, the President
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.