Three Seas Sofia Summit & Business Forum

The Three Seas Summit and Business Forum was held in Sofia this year under the Bulgarian chairmanship, on July 8th and 9th. During the course of these 2 days, expert panelists from a broad array of industries discussed the latest market trends in the key sectors identified by the Summit: energy, transport, innovation, and digitalization.

The Summit kicked off with the presidential panel, with addresses from the President of the United States of America, the Presidents and Prime Ministers of the countries comprising the 3 Seas countries, the managing director of the IMF, and the President of the Hellenic Republic. The official opening of the Summit with the presidential panel was followed by a brief Q&A Session.

The second part of the first day of the Summit was focused on 2-panel sessions, Energy and Innovation. The Energy Panel’s main discussion points revolved around using natural gas as a transition fuel towards a carbon-neutral future, the usage of renewables for infrastructure development, and the consideration of using nuclear capacities for the region.

The Innovation Panel was primarily oriented around connecting the innovation ecosystems in the Region, joining capacities, linking the local research initiatives and efforts, and joint utilization of the countries’ assets – both as investment vehicles, R&D hubs, human capital, and RegTech cooperation.

To cap off the day, a joint declaration for cooperation was signed by 10 AmChams from the countries of the 3 Seas Initiative, in support for better infrastructure, diversified and secure energy sources, and fast digitalization and innovation. Accompanied by the host, Mr. Peter Todorov Ivanov, CEO of American Chamber of Commerce in Bulgaria, the event was also attended by AmChams in Europe (ACE) representatives, including Ms. Ajša Vodnik, CEO of AmCham Slovenia and Vice-Chair of AmChams in Europe; Mr. Tony Housh, President of AmCham Poland; Ms. Maja Filipcheva, President of AmCham North Macedonia and Mr. Jordan Dimitrovski, Board Member of AmCham North Macedonia.

The second day of the Summit was focused on the 2 remaining panel sessions: Digitalization and Transport. Albeit these 2 panels seem to differ, they are quite interconnected. The Transport panel focused on the synchro-modality and the logistics value chain integration, the role of aviation in the multimodal connectivity for freight and passengers, it also placed a very strong emphasis on how digitalization will help enhance transportation, especially in the railway sector. In correlation, building a smart infrastructure that operates within an eco-system of public cloud services combined with an optical 5G connection was the main focus of the Digitalization Panel. It also focused on all key areas where digitalization plays a significant role in accelerating economic growth.

The 3 Seas Summit and Business Forum in its true intention and spirit, provided a platform for stimulating industrial cooperation, and tool for bettering the business climate, and a hub for improving legislation toward a more sustainable and progressive economy in the 3Seas region.

The videos 3 Seas Summit and Business Forum can be found here:

3Si Sofia Summit and Business Forum is organized by the Ministry of Economy in coordination with the President of the Republic of Bulgaria and in partnership with the American Chamber of Commerce in Bulgaria, the Bulgarian Development Bank and the Bulgarian Small and Medium Enterprises Promotion Agency.

The Goals of the Business Forum are:
  • To promote 3Si as an instrument for attracting new investments in Central and Eastern Europe to fund trans-border projects of strategic importance in energy security and diversification, transport, and digital connectivity.
  • To stimulate industrial cooperation and the creation of direct contacts between businesses from 3Si countries in innovation, new technologies, and R&D and create opportunities for well-qualified and educated young people in Central and Eastern Europe.
  • To support the creation of an attractive investment and business climate, based on free-market principles, transparency, and competitiveness to attract fresh investments and private capital to the region.

When? July 8-9, 2021

Location: Sofia, National Palace of Culture and Virtual

Working language: English

Format: Hybrid Event

Please visit the following link for more information:

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