At the beginning was the garden party “Meeting of the friends between the Adriatic and the Black Sea”, organized in 2002 by incentive of the Ambassadors of the ten countries of the region.

It had a big impact and became a tradition. In June 2004 among the numerous guests there were also the President of the Parliament of the Republic of Austria Dr. Andreas Kohl (3rd on the right), the State Secretary Prof. Dr. Reinhart Wancek (2nd on the left) and the Ambassadors of the ten countries of the region.

This meeting was expanded into an economic forum that was the precursor of the 1st Vienna Economic Forum by 8th November 2004.