The President of the Republic of Slovenia Pahor is the host of the The Three Seas Initiative Summit in Slovenia

Ljubljana, 5. 6. 2019 | press release

The President of the Republic of Slovenia, H.E. Mr Borut Pahor, is the host of the The Three Seas Initiative Summit 2019 in Slovenia.

The Three Seas Initiative is a flexible political platform at Presidential level, launched in 2015. The Initiative includes the 12 EU Member States located between the Adriatic, the Baltic and the Black seas: Austria, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. Up until today, three summits took place: Dubrovnik Summit in 2016, Warsaw Summit in 2017 and Bucharest Summit in 2018.

The Three Seas Initiative aims at stimulating more rapid development of the region stretching between the Baltic, Black and Adriatic Seas. This is to be achieved through both high level and multi-stakeholder commitment to boosting connectivity among Member States, with special focus on infrastructure, energy and digital interconnectivity.

The improvement of the infrastructure connections of the 12 states is an essential condition for building an area of stability and prosperity, which in turn can greatly contribute to wider EU stability and prosperity. Setting a new dynamic of cooperation among the countries lying at the Eastern border of the EU on the North – South Axis will advance economic growth and help to bridge the East – West economic gap, within the EU.

The overarching pillars of the Three Seas Initiative are threefold - economic development, European cohesion and transatlantic ties. The changing nature of global environment calls for their strengthening in order to be able to face new challenges and overcome dynamic threats.

Firstly, the Initiative seeks to contribute to the economic development of the Central and Eastern Europe through infrastructure connectivity, mainly, but not only on the North-South axis, in three main fields — transport, energy and digital.
The second objective is to increase real convergence among EU Member States, thereby contributing to enhanced unity and cohesion within the EU. This allows avoiding artificial East-West divides and further stimulate EU integration.

Thirdly, the Initiative is intended to contribute to the strengthening of transatlantic ties. The US economic presence in the region provides a catalyst for an enhanced transatlantic partnership.

After more than three years and three summits, the Ljubljana 3SI Summit shall show that the network is now established between the participating states and the implementation capacity is there.

Another deliverable will be the organization of the second edition of the Business Forum, in line with the Warsaw and Bucharest Joint Declarations. The Forum will be open to representatives of companies and officials from the 12 participating states of the Initiative, other EU Member States, the European Commission, USA, non-EU countries from Southeast Europe and the Eastern Neighbourhood, as well as European and international financial institutions. It will provide a platform for direct contact between business counterparts, relevant government officials and other economic stakeholders, in order to find new business or investment perspectives.

The President of the Republic of Slovenia Pahor is the host of the The Three Seas Initiative Summit in Slovenia
Photo: STA