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The key summit contributing to Central and Eastern European economies and energy security rescheduled

The key summit contributing to Central and Eastern European economies and energy security rescheduled
Three Seas Bucharest Summit 2018.

25.03.2020

The Three Seas summit and business forum which was due to take place in Estonia in June have been rescheduled due to the spread of coronavirus. The event will now be held in Tallinn on 19 & 20 October 2020. The summit and forum will bring heads of state, leading business figures and senior officials from Europe and the United States to Estonia to discuss Central and Eastern European economies and energy security.

Three Seas is a joint undertaking of 12 EU Member States in Central and Eastern Europe. It is designed to accelerate the development of energy, transport and digital infrastructure in order to increase the region’s economic growth, reinforce its economic resilience and further the vision of an integrated, cohesive and undivided Europe.

The organisers have said that the decision to reschedule the event was the only one they could make in the light of the crisis the world is currently facing. Ensuring people’s well-being and safety and contributing to the prevention of the spread of coronavirus are the top priorities at present.

President Kersti Kaljulaid of Estonia says that the organisers of the summit are keeping a close eye on developments around the world. “The spread of coronavirus shows us that countries must be able to work together,” she said. “Investments in the Three Seas region will be more important than ever once the crisis has abated. Developing infrastructure in the transport and energy sectors and implementing the full potential of digital solutions will be of critical value in achieving new economic growth.”

Those who had already confirmed their attendance of the Three Seas summit and business forum include Managing Director of the International Monetary Fund Kristalina Georgieva, United States Secretary of Energy Dan Brouillette, European Commissioner for Transport Adina Valean and President Frank-Walter Steinmeier of Germany. Naturally, the presidents of all of the countries in the Three Seas initiative are also expected to attend the event. Names will continue to be added to the list of attendees over the coming months, as preparations for the summit continue apace.

The summit and forum will draw international attention to practical and topical questions being asked in the Three Seas region, including:

  • What sort of infrastructure investments will boost economic growth in the region?
  • What sort of developments does the region’s transport infrastructure need in order to benefit from technological innovation and narrow the gap that still exists between Central and Eastern Europe and Western Europe?
  • How can the energy networks of the Three Seas countries be connected to one another and to the rest of Europe? How can we move towards a single European energy market?

As might be expected of an event of this kind being held in Estonia, the Tallinn summit will focus on digital themes and smart connectivity.

A total of 12 EU Member States between the Baltic, Black and Adriatic seas are currently involved in the Three Seas initiative: Austria, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. Its key partners are Germany, the European Union and the United States.

Three Seas aims to promote cooperation first and foremost for the development of infrastructure in the energy, transport and digital sectors. The goal of the Tallinn summit and business forum is to focus the activities of the initiative and clarify its objectives. Whereas much of the attention in the initiative to date has been turned to transport and energy issues, the event in Tallinn will focus separately on digitalisation and smart connectivity.

Further information about the initiative can be found online at www.3seas.eu.