Throughout 2020, Estonia oversaw the growth of the Three Seas Initiative Investment Fund (3SIIF) and pushed for greater intergovernmental cooperation in the Three Seas region. To keep up this momentum on the road to Sofia, where the next summit and business forum will be held, Estonia organised a high-level event to emphasise the practical side of the initiative.
The aim of the event was to raise awareness of and interest in the 3SIIF by characterising its strengths and potential.
In case you missed the virtual seminar "Invest in Three Seas" or wish to rewatch it then feel free to browse the videos below.
What is the Three Seas Initiative? A political perspective
The first speakers focused on the characteristics and objectives of the Three Seas Initiative. They outlined connections between the initiative and the Three Seas Initiative Investment Fund and provided the broader economic and political context.
Jonatan Vseviov, Secretary General of the Ministry of Foreign Affairs of Estonia
Paweł Jabłoński, Undersecretary of State, Ministry of Foreign Affairs of Poland, Government Plenipotentiary for the Three Seas Initiative
Introduction of the Three Seas Initiative Investment Fund
Introduction of the 3SIIF created for the virtual seminar "Invest in Three Seas".
How does the Three Seas Initiative Investment Fund operate?
The presentation described the goals and structure of the fund and its main operating and decision-making principles.
Speaker: Tiit Riisalo, Member of the Supervisory Board of the Three Seas Initiative Investment Fund
How to secure investment – the investor’s perspective
The investment adviser to the 3SIIF explained how potential projects are selected and evaluated and how investment decisions are made.
Speaker: Gavin Tait, CEO at Amber Infrastructure Limited
How to secure investment – the investee’s perspective and a case study from the digital sector
An overview of the process from the investee’s perspective with top tips from the first-hand experience
was provided. In addition, the presentation focused on the development needs of the digital sector.
Üllar Jaaksoo, Founder and CEO of Greenergy Data Centers
How to fund an ambitious transport infrastructure project – an overview from Latvia
The presentation covered the interest of Latvian companies in using 3SIIF funding in general and in the transport sector, possibilities for combining funding for transport infrastructure projects and the impact of the implementation of the transport infrastructure project on the economy.
Speaker: Reinis Bērziņš, Chairman of the Management Board of ALTUM
Energy sector development in Lithuania
The presentation covered Lithuanian long-term energy strategy for 2030 and 2050, implementation steps and results for the intermediate period (2025).
Speaker: Justinas Bučys, Head of Strategy and Business Development Department, VIPA / Member of the Management Board of the 3SIIF
Views and expectations regarding infrastructure investments were outlined by institutional investors, moderated by President Kersti Kaljulaid of Estonia.
Pierre Heilbronn, Vice President for Policy and Partnerships, European Bank for Reconstruction and Development
André Küüsvek, President and CEO of Nordic Investment Bank
Sandrine Croset, Director at Operations directorate, European Investment Bank
Beata Daszyńska-Muzyczka, Chairwoman of the Supervisory Board of the Three Seas Initiative Investment Fund and President of the Management Board of BGK
The event was organised by the Office of the President of the Republic of Estonia in cooperation with the Three Seas Initiative Investment Fund, the Development Finance Institution ALTUM (Latvia) and the Public Investment Development Agency VIPA (Lithuania).
The event was produced by globalvirtualsolutions.org
Rewatch the "Invest in Three Seas"
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