The Three Seas Initiative was founded in 2016 by 12 European Union member states
The Three Seas Initiative was founded in 2016 during the first Three Seas Summit in Croatia by 12 European Union member states: Latvia, Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Lithuania, Poland, Romania, Slovakia and Slovenia.
There have already been six such summits: in Croatia, Poland, Romania, Slovenia, Estonia, and Bulgaria. The 7th, this year’s summit, will take place on 20-21 June in the capital city of Latvia, Riga, the Embassy of the Republic of Latvia in Seoul said on May 16.
The Three Seas Initiative (3SI) is a politically inspired, commercially driven platform for improving connectivity between twelve EU Member States allocated between Baltic, Adriatic and Black seas.
The Three Seas Initiative was born out of a shared interest in developing transport, energy and digital infrastructure connections on the EU’s north-south axis. Connections that must be trusted, sustainable and inclusive thus strengthening EU cohesion and enrich transatlantic links.
3SI aims to scale up region’s excellence EU-wide and globally. 3SI partners – the United States, Germany, and the European Commission – are closely involved in this process.
To improve regions connectivity and accelerate investments in infrastructure projects of the regions 3SI Investment Fund was set up in 2019.