On September 6 and 7, President Edgars Rinkevičs will participate in the Summit of the Three Seas Initiative and the Business Forum, which will take place in Bucharest, Romania, the Office of the President informed.
On September 6 and 7, President Edgars Rinkevičs will participate in the Summit of the Three Seas Initiative and the Business Forum, which will take place in Bucharest, Romania, the Office of the President informed.
The Three Seas Initiative is a politically inspired, commercially driven platform to improve connectivity between the 12 European Union (EU) member states located between the Baltic, Adriatic and Black Seas.
The Three Seas Initiative arose out of a common interest to develop transport, energy and digital infrastructure connections on the EU’s north-south axis.
In order to improve regional connectivity and accelerate investments in regional infrastructure projects, the Three Seas Initiative Investment Fund was established in 2019.
Romanian President Klaus Iohannis states that the country undertook the task of organizing the Three Seas Initiative summit at a crucial stage in order to reaffirm the Three Seas Initiative as a political platform for the promotion of strategic infrastructure interconnection projects and investments in the region, thus realizing the goals of the Three Seas Initiative – to develop the economies of the participating countries, promote convergence with the rest of the EU and the transatlantic partnership.
“The Three Seas Initiative must respond to the need to define relations with the neighboring country Russia under the influence of the brutal war against Ukraine. The basic principles of our agenda stem from the belief that ‘together we are stronger’, and that is the spirit of the Bucharest summit,” emphasizes Iohannis.
The members of the Three Seas Initiative are Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. The initiative’s strategic partners are the USA, Germany and the European Commission.
