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 Civil Society Forum of the Three Seas Initiative (3SI) will take place at the Riga Castle on May 20 and 21, 2022 to discuss issues relating to the 3SI priorities of connectivity, digitalisation, security and governance.
The Three Seas Initiative’s (3SI) event “Business Opportunities in Filling the North-South Connectivity Gap” on the morning of May 12th has become an example of well thought through strategies turning into real life investments of the initiative’s participating member countries and entrepreneurs. The meeting provided a discussion platform to investigate opportunities for strengthening connectivity and security in infrastructure, digital, and energy sectors on the North-South axis, but also to recognize the future economic advantages, exclusively, with case studies from the Three Seas region on various projects developed and planned within the Investment Fund.