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HBOR hosted the Three Seas Initiative Investment Fund mini-conference

HBOR hosted the Three Seas Initiative Investment Fund mini-conference

Zagreb, 18 June 2021 - the Croatian Bank for Reconstruction and Development (HBOR) hosted a mini-conference of the Three Seas Initiative Investment Fund during which participants discussed the role of the Three Seas Initiative Investment Fund and its areas of activity.

The aim of the conference was to present the features of the Three Seas Initiative Investment Fund and the opportunities it offers for financing infrastructure investments.

The Fund has so far raised more than EUR 900 million that will be used for investment in infrastructure projects contributing to security and diversity of energy supply, the economic, transport, social and digital connectivity of the Initiative member countries as well as to a stronger EU integration by reducing disparities in infrastructure quality. The first investments by the Fund have already been concluded.

The mini-conference was opened by Mr Gordan Grlić Radman, Minister of Foreign and European Affairs of the Republic of Croatia and Ms Tamara Perko, President of HBOR’s Management Board and Member of the Supervisory Board of 3SIIF. 

General presentations on the activities of the 3SIIF were held by Ms Beata Daszyńska-Muzyczka, President of the Management Board of BGK and President of the Supervisory Board of 3SIIF, and Mr Paweł Nierada, First Vice President of the Management Board of BGK and Member of the Supervisory Board of 3SIIF, that were followed by a detailed presentation of the activities of the Amber Fund Management Limited, investment advisor to the Fund.

In addition to the information on the investment strategy of the Fund and its features, the conference provided answers to question on how to structure a project that will attract investors, why smart connectivity is the backbone of the development of the region, what are the experiences of owners of the projects in which the Fund has already invested and many others. During the central panel of the conference „Equity Financing and Bringing Investments in Croatia to the Next Level” opportunities that arise through the development of the equity market with special emphasis on the projects related to smart connectivity were presented.

The Three Seas Initiative and the Investment Fund

The Three Seas Initiative was launched as a cooperation platform of twelve EU states along the north-south axis from the Baltic Sea to the Adriatic Sea and the Black Sea with the goal of creating a coherent and well-integrated infrastructure in Central Europe. It is pro-European in nature and complements other formats for regional co-operation, but, at the same time, it is also a platform for strengthening transatlantic links.

The Three Seas Initiative Investment Fund, as a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe, will invest in energy, transport and digital infrastructure in EU CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU.