Romania hosted for the second time the Three Seas Initiative Summit and 3SI Business Forum

On September 6 and 7, 2023, Bucharest hosted the Summit of the Three Seas Initiative (3SI) and the 3SI Business Forum, organized by the Romanian Presidential Administration and the Romanian Government, through the Chancellery of the Prime Minister.

Thus, Romania became the first of the states participating in the Initiative to host these events for the second time, after the editions held in 2018, also in Bucharest.
The responsibility that Romania has assumed to host these annual events reflects once more the importance that our country attaches to regional cooperation and interconnection, to give continuity to the strategic projects established in 2018 and to ensure political support for the most feasible of them and for those that have the greatest impact on the region as a whole.

The business environment, companies and employees in the region have proven resilience to the overlapping crises of the last period, thus becoming some of the pillars of European resilience, especially in the context of the multiple and prolonged disruptions generated by Russia’s war of aggression against Ukraine.

The challenge of the debates hosted this year in Bucharest under the auspices of the Three Seas Initiative was for representatives from member states and partner countries, together with invited investors, to look beyond the negative effects of conflicts, pandemics, crises generated by rising prices and supply chain disruptions, to find innovative ways to respond to new economic and geopolitical realities and growing investment needs.

Hundreds of guests, representatives of the business environment, experts and decision-makers, took part in discussions focused on areas that represent a priority from the perspective of transatlantic cooperation, with investment objectives that were also of interest for Romania, as a Member State of the European Union and NATO: the energy field (with an emphasis on green transition and the use of hydrogen as a renewable energy source), the development of rail and road transport networks, as well as future challenges in terms of digitalization regarding cyber security and the safety of the implementation of artificial intelligence.

The debates within the meetings and side events also provided participants with the opportunity occasion to explore investment and development opportunities in relation to economic realities and current strategic challenges.

Additional information

The Three Seas Initiative (Baltic Sea, Black Sea and Adriatic Sea) is a flexible and informal political platform that brings together 12 member states of the European Union located between the three mentioned seas - Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. The meetings in Bucharest will also be attended by strategic partners who support the Three Seas Initiative: the European Commission, Germany and the USA.