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03.02.2026.
In 2026, the Republic of Croatia chairs one of the most important regional cooperation economic platforms: the Three Seas Initiative (3SI), under which the 11th Summit and the 8th Business Forum of the Initiative will take place in Dubrovnik on 28 and 29 April. In this context, the Croatian Chamber of Economy in cooperation with the Ministry of Foreign and European Affairs and the Croatian Bank for Reconstruction and Development organised the presentation of the Initiative as a platform for new partnerships and investment opportunities especially for companies from the energy, transport and digitalisation sectors.
The Three Seas Initiative is aimed at strengthening the energy, transport and digital connectivity of Central and Eastern Europe through the development of key infrastructure, diversification of energy sources and strengthening the resilience and competitiveness of the region. A particular emphasis is placed on Croatia's role of a link between the Adriatic Sea and Central Europe as well as on the increasing importance of technology and digitalisation under the Initiative.
“The Three Seas Initiative is the important platform for strengthening the connectivity and resilience of the Initiative's member states. Under the Initiative, Croatia participates, through HBOR, in the 3SIIF that finances strategic infrastructure projects, and the amount of approximately EUR 780 million has been invested by the Infrastructure Fund in five projects in the energy, transport and digital infrastructure sectors. Besides, under the Innovation Fund of Funds, the amount of approximately EUR 200 million is available for investments in companies that are in the growth and development phase,” said Hrvoje Čuvalo, President of HBOR's Management Board.
HBOR's role in the Initiative's activities is very important, especially in the segment of the financial implementation of its goals through the two aforementioned funds. The Infrastructure Investment Fund was established in 2019 by national development banks and government bodies from 9 Initiative member states and is intended to finance infrastructure projects in the member states. The Innovation Fund of Funds, established in 2024, is managed by the EIF and is intended to finance small and medium-sized enterprises in the Initiative's member states and in other EU countries.
The Three Seas Initiative brings together 13 EU member states located between the Adriatic, Baltic and Black Seas. The Initiative's strategic partners are the USA, Germany, the European Commission, Japan, Turkey and the Kingdom of Spain, while Ukraine, Moldova, Albania and Montenegro are associated member states. The countries participating in the Initiative represent an extremely important circle of economic partners for Croatia as they account for almost 32 percent of Croatian exports and more than 36 percent of total imports, whereas Slovenia, Austria and Hungary are among the most significant partners within the 3SI.
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In 2026, the Republic of Croatia chairs one of the most important regional cooperation economic platforms: the Three Seas Initiative (3SI), under which the 11th Summit and the 8th Business Forum of the Initiative will take place in Dubrovnik on 28 and 29 April. In this context, the Croatian Chamber of Economy in cooperation with the Ministry of Foreign and European Affairs and the Croatian Bank for Reconstruction and Development organised the presentation of the Initiative as a platform for new partnerships and investment opportunities especially for companies from the energy, transport and digitalisation sectors.
The Three Seas Initiative is aimed at strengthening the energy, transport and digital connectivity of Central and Eastern Europe through the development of key infrastructure, diversification of energy sources and strengthening the resilience and competitiveness of the region. A particular emphasis is placed on Croatia's role of a link between the Adriatic Sea and Central Europe as well as on the increasing importance of technology and digitalisation under the Initiative.
“The Three Seas Initiative is the important platform for strengthening the connectivity and resilience of the Initiative's member states. Under the Initiative, Croatia participates, through HBOR, in the 3SIIF that finances strategic infrastructure projects, and the amount of approximately EUR 780 million has been invested by the Infrastructure Fund in five projects in the energy, transport and digital infrastructure sectors. Besides, under the Innovation Fund of Funds, the amount of approximately EUR 200 million is available for investments in companies that are in the growth and development phase,” said Hrvoje Čuvalo, President of HBOR's Management Board.
HBOR's role in the Initiative's activities is very important, especially in the segment of the financial implementation of its goals through the two aforementioned funds. The Infrastructure Investment Fund was established in 2019 by national development banks and government bodies from 9 Initiative member states and is intended to finance infrastructure projects in the member states. The Innovation Fund of Funds, established in 2024, is managed by the EIF and is intended to finance small and medium-sized enterprises in the Initiative's member states and in other EU countries.
The Three Seas Initiative brings together 13 EU member states located between the Adriatic, Baltic and Black Seas. The Initiative's strategic partners are the USA, Germany, the European Commission, Japan, Turkey and the Kingdom of Spain, while Ukraine, Moldova, Albania and Montenegro are associated member states. The countries participating in the Initiative represent an extremely important circle of economic partners for Croatia as they account for almost 32 percent of Croatian exports and more than 36 percent of total imports, whereas Slovenia, Austria and Hungary are among the most significant partners within the 3SI.