Romania’s Investment and Development Bank (BID) has joined the Three Seas Initiative (3SI) Innovation Fund with a €20 million commitment, becoming the fifth national development bank to back the European Investment Fund (EIF) led platform, the organizations announced. The fund is designed to pull in investment for fast-growing companies across Central and Eastern Europe, covering everything from advanced tech to traditional industries.
With Romania’s contribution, the fund now has €100 million in national commitments. The European Investment Fund (EIF), part of the EIB Group, plans to match that amount and eventually mobilize at least €1 billion through private equity, venture capital, and private credit funds. The initiative targets businesses operating between the Baltic, Black, and Adriatic seas, aiming to boost competitiveness, support innovation, and speed up green and digital transitions.
“The 3SI Innovation Fund is a platform for regional development,” said Marjut Falkstedt, EIF Chief Executive. “With BID on board, we’re building a more integrated and innovative Europe. This commitment will unlock new opportunities for Romanian and regional businesses, driving innovation, jobs, and sustainable growth.”
Alexandru Nazare, Romania’s Finance Minister, said the move reaffirms Romania’s strategic role in the region. “This decision reflects the government’s focus on supporting innovation, infrastructure, and economic convergence across Central and Eastern Europe. By joining this partnership, we’re channeling capital to high-growth Romanian and regional companies and strengthening Romania’s position as a reliable partner within the EU and the Three Seas Initiative.”
Dan Sandu, BID Romania’s General Manager, added that joining the fund reflects the bank’s commitment to growing Romanian businesses. “This partnership will channel capital to high-potential companies, strengthen cross-border ties, and position Romania as a key player in the region’s economic transformation.”
