Introducing operating principles of Three Seas Initiative

Apr 29, 2021

On April 29, Tallinn hosted a high-level virtual event to explore investment opportunities and new sources of financing to expand businesses in the transport, energy and digital sectors in the Three Seas region – a market of 110 million EU citizens with the fastest economic growth in Europe.

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.

The virtual seminar focused on investing in transport, energy and digital infrastructure by:

  • introducing a new investment fund as a source of financing to expand businesses in the Three Seas region;
  • presenting a case study on how to successfully apply; and
  • promoting the combining of public and private money to support large-scale cross-border infrastructure developments in Central and Eastern Europe.

Virtual discussions featured high-level representatives from influential financial institutions (the EBRD, EIB and NIB), senior officials from ministries and CEOs of private companies. The event concluded with a panel moderated by Kersti Kaljulaid, President of the Republic of Estonia.

You can watch the presentations again from HERE

The event was organized 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).

Nine countries and the first private investor have joined or announced their decision to commit to the fund so far, bringing its total volume to almost €1.2 billion. The first investments from the fund have already been finalized and will be discussed at the event, with many more to follow.

AmCham Latvia, along with its counterparts in 12 countries across Europe supports the Three Seas Initiative (3SI) aimed at strengthening the development of cross-border energy, transportation and digital infrastructure in the region between the Baltic, Black and Adriatic Seas.

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