Bulgaria’s Ministry of Innovation and Growth (MIG) has announced its support for a new regional collaboration involving Croatia, Lithuania, Poland, Romania, and Slovenia, operating under the Three Seas Initiative framework. This development was highlighted by the European Investment Fund (EIF), an entity within the European Investment Bank (EIB) Group. On April 28, representatives from the EIF and national promotional banks from the five Central and Southeastern European nations signed a Memorandum of Understanding in Dubrovnik.
This agreement commits the parties to launching the regional initiative later this year, with the goal of securing at least EUR 2 billion in investments for critical infrastructure projects. The initiative aims to mobilize public funds to support diverse connectivity investment funds across the region. The memorandum was signed during the inaugural summit of the Three Seas Initiative in Croatia.
The five participating countries plan to jointly contribute EUR 250 million, which the EIF will match. This public funding mechanism is designed to attract private capital, ultimately reaching the EUR 2 billion target for infrastructure development in areas such as clean energy, transport networks, digital connectivity, and social infrastructure. In its commitment, Bulgaria will support the cooperation through the extended JEREMIE initiative, which remains active until 2035.
Under this framework, the planned investment in infrastructure connectivity within the Three Seas Initiative, set at up to EUR 25 million, represents one of four strategic pillars for Bulgaria’s ten-year investment strategy. This participation underscores Bulgaria’s continued role in bolstering european connectivity efforts across the region.
Topics: #european #new #three
