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. So far the fund has invested to Poland and Estonia.
According to President of Estonia, Kersti Kaljulaid, the Three Seas Initiative Investment Fund is another possibility for Baltic companies to acquire funding and also to invest. “The three seas region has led the economic growth of the European Union for years. In order for this trend to continue we need smart infrastructure investments that help us realise new business models and export growth. I am glad that the second investment of the Three Seas Initiative Investment Fund came to Estonia. I hope that many Estonian companies will use the opportunities offered by the fund to expand its activities both in Estonia and in Eastern and Central European countries,” the Head of State said.
Todays’ free virtual seminar will introduce the main operating and decision-making principles of the Three Seas Initiative Investment Fund and use the Estonian case study to discuss how to successfully apply for funding. The seminar will also look into the developments of Latvian and Lithuanian transport and energy sectors. The seminar will end with a panel discussion regarding infrastructure investments, moderated by President Kersti Kaljulaid of Estonia and featuring 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 first investment to the Baltic States contributes to the development of the biggest, securest and most modern Baltic data center close to Tallinn. The data center is developed by the Estonian company Greenergy Data Centers, which intends to establish a network of energy efficient and green data centres across Eastern and Central Europe.
The virtual event “Invest in Three Seas” begins today at 13.00 and focuses on:
-How will the Three Seas Initiative change Eastern and Central Europe?
-What are the operating principles of the Three Seas Initiative Fund, which is supported politically but free in its decisions?
-How did the Estonian company creating the biggest data centre in the Baltics acquire an investment from the fund?
Practical tips for applying for funding
-What are the more important developments and investment needs in the energy and transport sectors of the Baltics?
-Is combining public and private sector funds in making cross-border infrastructure investments our future?
Watch the event LIVE on 29.04 at 13:00 (EEST) at https://www.3seas.eu/live
The event is being 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 is produced by globalvirtualsolutions.org
The operating principles of the 3SIIF will be introduced today
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