Contracts after the Three Seas Summit

“During the 3Seas Summit Polish and Croatian operators on the LNG market signed cooperation agreements. Is this the maximum the business alliance proposed by presidents of both countries can yield?,” asks Wojciech Jakóbik, editor in chief of biznesalert.pl

According to Jakóbik, journalists of both state-owned and private news media do not see the difference between Piłsudski’s Intermarium idea and the Three Seas Initiative proposed by President Andrzej Duda. The first one was a geopolitical endeavor, an idea to build an anti-Russian federation, which has never been fulfilled because of the aversion shared by Central and Eastern Europe (CEE) to the Second Polish Republic. The latter is a business initiative not aimed against anyone.

The objective of Three Seas Initiative is to remove the infrastructural deficiencies in Central and Eastern Europe. PwC assessed that the region needed USD 615 billion to implement new strategic projects, including North-South Corridor gas pipelines, Rail Baltica and Via Carpatia. The allies can fight for EU funds together to achieve these goals.

The Initiative includes the following members: Austria, Bulgaria, Croatia, the Czech Republic, Estonia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia and Hungary.

Three Seas Initiative is not about geopolitics but Trump could help