Three Seas Initiative Summit to be held in Bucharest, September 17 and 18

Monday, September 10, 2018 Share

Romania's President Klaus Iohannis along with counterparts from eight other countries and European Commission President Jean-Claude Juncker will be attending the Three Seas Initiative Summit to be held in Bucharest, September 17 and 18, according to political sources.



Thus, coming to Bucharest for the summit will be Bulgaria's President Rumen Radev, Croatia's Kolinda Grabar-Kitarovic, Poland's Andrzej Duda, Austria's Alexander van der Bellen, Hungary's Ader Janos, Slovenia's Borut Pahor, Slovakia's Andrej Kiska, and Lithuania's Dalia Grybauskaite.



Also attending will be the chairs of the parliaments of Estonia and the Czech Republic and Latvia's foreign minister.



European Commission President Jean-Claude Juncker, President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti and President of the European Investment Bank (EIB) Werner Hoyer, along with US Secretary of Energy Rick Perry and German Foreign Minister Heiko Mass will be attending as guests.



According to the political sources, the expected results of this summit are: a list of priority interconnection projects in the fields of energy, transport and digital, with about 40 such projects having been submitted for approval; the annual meeting of the Business Forum of the Three Seas Initiative; the establishment of a network of chambers of commerce of the initiative member states, and the creation of an investment fund to contribute to the co-financing of projects. The creation of the fund is a Polish initiative.



The same sources said that there is openness at the level of the Romanian Government to the creation of the investment fund.