Slovenia’s SID Banka will contribute EUR 23 million to an investment fund that twelve Three Seas Initiative countries between the Baltic Sea, Adriatic Sea and Black Sea have set up to improve infrastructure in transport, energy and digitalisation in a bid to narrow the infrastructure and development gap with Western Europe.
“SID Banka will gradually contribute EUR 23 million and thus try to provide additional funding to Slovenian business and the public sector,” its CEO Sibil Svilan said. For Slovenia, the fund is a novelty in that projects have been so far financed mainly with debt instruments.