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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Lithuania chairs the Three Seas Initiative (3SI) and is organising the 3SI Summit and an integral part of the 3SI – International Business Forum on 11 April 2024, in Vilnius. The purpose of the 3SI is to promote faster development and convergence of the region, by increasing the interconnectivity of the member states in the fields of transport, energy and digitalisation, in particular, in the region on the North-South axis, to enhance the EU's cohesion and consolidate the transatlantic partnership of the EU and US. During its presidency, Lithuania will focus on Ukraine and consolidation of transatlantic relations.
President of Lithuania Gitanas Nausėda met with foreign ambassadors accredited to Lithuania on the eve of the Day of the Restoration of the State of Lithuania.