Bulgaria, through its Ministry of Innovation and Growth (MIG), has pledged support for a collaborative regional partnership involving Croatia, Lithuania, Poland, Romania, and Slovenia. This cooperation operates under the umbrella of the Three Seas Initiative (TSI) and the European Investment Fund (EIF), which is part of the European Investment Bank (EIB) Group. Representatives from the EIF and the five Central and Southeastern European nations signed a Memorandum of Understanding in Dubrovnik on April 28, committing to launch this new regional initiative aimed at improving connectivity across the area later this year.
The partnership is projected to secure a minimum of EUR 2 billion in investments for critical infrastructure projects. The goal is to mobilize public funding sources to support a diverse range of connectivity investment funds operating throughout the region. The agreement, formalized during the first day of the Three Seas Initiative summit, establishes a mechanism where the five participating countries will jointly contribute EUR 250 million, which the EIF has committed to matching.
This public funding is intended to attract substantial private capital toward infrastructure development in sectors including clean energy, transport networks, digital connectivity, and social infrastructure. For Bulgaria, the Ministry confirmed that support will be provided via the extended JEREMIE initiative, which remains active until 2035. The planned investment under this program for infrastructure connectivity within the Three Seas Initiative, amounting to up to EUR 25 million, constitutes one of four strategic areas within Bulgaria’s new ten-year investment strategy.
These areas also encompass technology transfer, deep tech, growth-stage funds for companies, and defense and security investments, solidifying Bulgaria’s role in the broader european connectivity framework.
Topics: #european #new #three
