Successes of the Three Seas Initiative



Over almost six years of its history, the Three Seas Initiative has scored many successes. Here is a list of some of its major achievements:

  • winning over the so-called strategic partners for the Three Seas Initiative, i.e. the USA and Germany, and obtaining official support of the EU structures for the Initiative;
  • obtaining one billion dollars for the development of investments in the power industry in Central and Eastern Europe from DFC (US International Development Finance Corporation);
  • launching a joint stock exchange index called CEEplus grouping over 100 biggest companies from 7 countries of the Three Seas Initiative Region (Croatia, Czech Republic, Poland, Romania, Slovakia, Slovenia and Hungary);
  • setting up the Three Seas Initiative Fund;
  • creating the Three Seas Initiative Business Council. The organization gathers leading companies of Central and Eastern Europe. Its role is to promote the region economically and achieve the scale effect in dealings with global business partners.

Source: https://www.prezydent.pl/

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About the Three Seas Initiative in Davos



Polish President Karol Nawrocki emphasized in Davos the strategic importance of the Three Seas Initiative as a key platform for infrastructural, economic, and geopolitical cooperation in Central and Eastern Europe. The opening speech of the panel „Three Seas Initiative: geostrategic business opportunities – a bridge to the future – from the Adriatic, the Baltic, the Black Sea to Asia” took place as part of the Leaders Forum powered by Poland during the World Economic Forum in Davos. Former polish president Andrzej Duda participated as well.



President Nawrocki noted that over the course of a decade the Three Seas Initiative has evolved from a political concept into a mature cooperation mechanism that has tangible impact on the regional development.




“Ten years ago, the Three Seas Initiative began as an idea. Up until today it has evolved into a strategic framework for regional transformation, and alliance of innovation and infrastructure, and a symbol of Central and South-Eastern Europe’s maturity and confidence on the world stage” – told the President.



In his address the President also emphasized the strong transatlantic anchoring of the Three Seas Initiative. He stressed that from the very beginning, the Initiative was conceived as an open project, strengthening cooperation between the European Union and partners outside Europe, particularly the United States. In this context, the Three Seas Initiative was presented as a “bridge” connecting a dynamically developing region with global capital, technology, and markets.




” The Three Seas Initiative has never been an inward-looking project (…) it has been strategically anchored in the transatlantic partnership that unites Europe and North America”.



The President drew attention to the geostrategic dimension of cooperation within the Three Seas region in the face of global challenges such as geopolitical instability, pressure on supply chains, and competition for resources. He pointed out that the development of modern infrastructure and the deepening of economic cooperation constitute the foundation of security and long-term growth.



The speech also had a strong economic dimension. The President of Poland underlined Poland’s ambitions to strengthen its position in the global economy and its aspirations to join the G20, highlighting the growing role of the Three Seas region as one of the engines of growth in Europe. At the same time, he invited international investors to actively participate in projects implemented under the framework of the Initiative.



During the World Economic Forum in Davos, President Karol Nawrocki also met with President of the United States Donald Trump. The main topics of their talks were security and economic issues.



THE PRESIDENT’S SPEECH IS AVAILABLE HERE



Photo credit: © Mikołaj Bujak/KPRP, Source: https://www.prezydent.pl/aktualnosci/wizyty-zagraniczne/prezydent-w-davos-o-inicjatywie-trojmorza,113783

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