Dubrovnik hosted the 11th annual summit of the Three Seas Initiative, a platform founded in 2015 that brings together 13 countries located between the Adriatic, the Baltic, and the Black Seas, and which aims to contribute to the economic development of Central and Eastern Europe through infrastructure connectivity in transportation, energy, and the digital sector. Croatia also hosted the 8th edition of a complementary Business Forum, attended by over 1,200 leading participants from the region\u2019s financial and business sectors, as well as from the U.S., Japan, South Korea, and Canada, and major international financial institutions.<\/p>\n
Romania was represented at the summit in Croatia by President Nicu\u0219or Dan, whose participation reflected Bucharest\u2019s sustained commitment to strengthening regional connectivity, energy security, and economic resilience in the Three Seas region. The initiative\u2014as stated in a press release from the Presidential Administration in Bucharest\u2014has now reached a stage of maturity, with the focus on implementing strategic projects that have a direct impact on the citizens and economies of the region. At the April 28 summit, President Nicu\u0219or Dan reaffirmed Romania\u2019s support for the development of strategic transport and energy corridors such as Via Carpatia, Rail2Sea, and the Vertical Corridor. At the same time, Romania continues to strengthen its profile as a regional actor, capitalizing on its strategic position on the Black Sea and its role as a hub between Central Europe, the Balkans, and the Black Sea region.<\/p>\n
On April 29, Nicu\u0219or Dan participated in the Leaders\u2019 Panel at the Three Seas Initiative Business Forum, where he advocated for increased investment in energy infrastructure, particularly in the natural gas and interconnection sectors, as well as for the development of strategic corridors connecting the Baltic Sea, the Black Sea, and the Adriatic Sea. He also highlighted the need for greater private-sector involvement in the implementation of regional initiatives, as well as the essential role of the transatlantic relationship in mobilizing capital and expertise for projects in the region. In Dubrovnik, the National Company Constan\u021ba Maritime Ports Administration and the Croatian Port Authority of Rijeka signed a Memorandum of Understanding.<\/p>\n
At the same time, Romania has joined the Three Seas Initiative Infrastructure Fund through the signing of a Memorandum of Understanding by several national development banks in the region. The Romanian Investment and Development Bank is prepared to contribute to the capital of this new financial instrument, which aims to mobilize up to 3 billion euros for investments in energy and sustainability, transportation, and digital and social infrastructure. On the sidelines of the two events in Croatia, President Nicu\u0219or Dan also held bilateral meetings with Austrian Chancellor Christian Stocker, Moldovan Prime Minister Alexandru Munteanu, and U.S. Secretary of Energy Chris Wright.<\/p>\n
(bill)<\/p>\n
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Dubrovnik hosted the 11th annual summit of the Three Seas Initiative, a platform founded in 2015 that brings together 13 countries located between the Adriatic, the Baltic, and the Black Seas, and which aims to contribute to the economic development of Central and Eastern Europe through infrastructure connectivity in transportation, energy, and the digital sector. […]<\/p>\n","protected":false},"author":109,"featured_media":1012083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[190023,190024,29362,28918,33721,32140,43880,39405],"coauthors":[115219],"class_list":["post-1012273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-adriatic-sea","tag-baltic-sea","tag-black-sea","tag-energy","tag-investment","tag-nicusor-dan","tag-sustainability","tag-the-three-seas-initiative-summit"],"acf":[],"yoast_head":"\n