Bulgaria, through its Ministry of Innovation and Growth (MIG), has announced support for a new regional partnership involving Croatia, Lithuania, Poland, Romania, and Slovenia under the umbrella of the Three Seas Initiative. The European Investment Fund (EIF), which operates under the European Investment Bank (EIB) Group, confirmed the commitment after representatives from the five Central and Southeastern European nations signed a Memorandum of Understanding in Dubrovnik on April 28. This agreement aims to launch the regional initiative to enhance connectivity across the area later this year.
The partnership is projected to secure at least EUR 2 billion in investments dedicated to critical infrastructure projects. The primary goal is to mobilize public funding for various connectivity investment funds operating throughout the region. The memorandum was signed during the opening day of the Three Seas Initiative summit.
The financial structure involves the five participating countries, via their national promotional banks, committing a joint contribution of EUR 250 million, which the EIF will match. This public funding is designed to attract private capital necessary to implement infrastructure in sectors such as clean energy, transport networks, digital connectivity, and social infrastructure. For Bulgaria, the Ministry stated it will support this cooperation through the JEREMIE initiative, which has been extended until 2035.
The planned investments under this program, amounting to up to EUR 25 million for infrastructure connectivity within the Three Seas Initiative, constitute one of four strategic areas outlined in Bulgaria’s **new
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This regional cooperation seems key for improving infrastructure and economic links among those countries.