Hungary To Join 3SI Investment Fund With EUR 20 Million

  • 4 Jun 2020 8:10 AM
  • Budapest Business Journal
Hungary To Join 3SI Investment Fund With EUR 20 Million
Hungary has decided to become a member of the Three Seas Initiative Investment Fund, investing EUR 20 million, according to a report by government website

The Hungarian Export-Import Bank’s (Eximbank) aim is to finalize its accession before the Three Seas Initiative Ministerial Conference this month.

The report argues that Hungary is an active member of the Three Seas Initiative (3SI) since its conception, supporting its objective of investing in joint energy, infrastructure and IT projects that increase connectivity, security, and further economic growth in the Central European region.

The government also proposes the establishment of a permanent 3SI secretariat in Budapest, arguing that it would increase the visibility and capacities of 3SI and enhance continuity, coordination, and information sharing among stakeholders.

The next 3SI Summit will be held in Tallinn, Estonia in October.

Photo by Zsolt Burger

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.