Three Seas House opened in Davos
25 May 2022
Guests of the ongoing World Economic Forum in Davos can visit for the first time the Three Seas Initiative House. The new pavilion shows the importance of the Three Seas Initiative for Central Europe.
The Initiative, which in present shape was born in 2016 facilitates strengthening the connections in the Central Europe region (between the Baltic, Adriatic and Black seas) with the aim of economic development in energy, transport and digital communication sectors. The Three Seas Initiative includes Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Poland, Romania, Slovakia and Slovenia.
In the Three Seas House, participants of the World Economic Forum will learn about the opportunities created by cooperation of the Three seas region for further economic development of Europe. They will also get familiar with the most important challenges.
The economic dimension of the Three Seas Initiative is the Three Seas Initiative Investment Fund, the initiator, co-founder and the main investor of which is BGK (Polish Development Bank). The Fund invests in infrastructural undertakings in the Three Seas region in three sectors:-transport, digital technologies and energy. The financial prospect for the region’s development and the issue of attracting new investors will be the topic of one of the debate in the pavilion in Davos.
-Since the beginning of the outbreak of the war in Ukraine – understanding the importance of the Three Seas Initiative on the world map has increased. Today, nobody has to be explained that. Now, the strategic investments in important sectors (transport, energy or digital infrastructure) are gaining more and more importance. They boost economies of the 3SI countries and strengthen the ties between them. Present geopolitical situation makes us aware how important international initiatives, such as the Three Seas Investment Fund are – says Beata Daszyńska-Muzyczka, President of the Board, BGK.
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