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.
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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.