Hungary to join 3SI Investment Fund with EUR 20 mln
Shutterstock.com
Hungary has decided to become a member of the Three Seas Initiative Investment Fund, investing EUR 20 million, according to a report by government website kormany.hu.
A map of 3SI countries. (Image by Shutterstock.com)
The Hungarian Export-Import Bank’s (Eximbank) aim is to finalize its accession before the Three Seas Initiative Ministerial Conference this month.
The report argues that Hungary is an active member of the Three Seas Initiative (3SI) since its conception, supporting its objective of investing in joint energy, infrastructure and IT projects that increase connectivity, security, and further economic growth in the Central European region.
The government also proposes the establishment of a permanent 3SI secretariat in Budapest, arguing that it would increase the visibility and capacities of 3SI and enhance continuity, coordination, and information sharing among stakeholders.
The next 3SI Summit will be held in Tallinn, Estonia in October.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
EC Calls on Hungary to Comply With CJEU Ruling on Asylum See...
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
