Three Seas regional investment fund amasses 1 billion euro, yet aims for 5 billion euro
The Three Seas Fund, an investment vehicle initiated by the Polish state-owned development bank BGK, has collected EUR 1 billion in funds that can be used for energy and infrastructure investments in Central and Eastern Europe, said BGK’s CEO.
The Three Seas Initiative, under which the fund operates, is an infrastructure and energy cooperation project involving 12 Central and Eastern European countries stretching from the Baltic to the Adriatic and Black seas.
Beata Daszynska-Muzyczka said that the target figure for the fund, which was set up in 2019, has been set at EUR 3-5 billion.
Poland-led regional investment fund amasses EUR 1 bln thefirstnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefirstnews.com Daily Mail and Mail on Sunday newspapers.
BGK: EUR 600 billion needed for infrastructure in the Three Seas Initiative (3SI) region
WARSAW, Poland, May 20, 2021 /PRNewswire/ EUR 600 billion is the amount that needs to be invested in the 3SI infrastructure by 2030 in order to close the gap between Central and Eastern Europe and Western Europe, as was stressed by Beata Daszynska-Muzyczka, President of BGK and Chairperson of the Supervisory Board of the Three Seas Initiative Investment Fund during the Equity for Infrastructure conference held by the Bulgarian Development Bank in Sofia.
Bulgarian President Rumen Radev, who opened the meeting, said that infrastructure investments are a great opportunity for socio-economic development and for improving connections between the countries of the 3SI region.
Bulgaria and Poland to work to attract more investments for "Three Seas" initiative bnr.bg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnr.bg Daily Mail and Mail on Sunday newspapers.