Bulgaria’s Ministry of Innovation and Growth (MIG) announced support for a new regional partnership involving Croatia, Lithuania, Poland, Romania, and Slovenia, operating within the framework of the Three Seas Initiative. The European Investment Fund (EIF), part of the European Investment Bank (EIB) Group, confirmed that representatives from the five Central and Southeastern European nations signed a Memorandum of Understanding in Dubrovnik on April 28. This agreement commits the parties to launching the regional initiative to enhance connectivity later this year.
The primary objective of this cooperation is to secure at least EUR 2 billion in investments for critical infrastructure projects across the region. The initiative aims to mobilize public funds to support a variety of connectivity investment funds. During the inaugural Three Seas Initiative summit, the signing took place, setting the stage for broader european cooperation.
The five participating countries plan to jointly contribute EUR 250 million, which the EIF has committed to match. This combined public funding is designed to attract private capital, reaching the targeted EUR 2 billion, for infrastructure development in areas including clean energy, transport networks, digital connectivity, and social infrastructure. Bulgaria will support this regional effort through the extension of the JEREMIE initiative until 2035.
Under this program, Bulgaria plans to allocate up to EUR 25 million specifically for infrastructure connectivity within the Three Seas Initiative. This allocation represents one of four strategic pillars in Bulgaria’s ten-year investment strategy, alongside investments in technology transfer, growth-stage funds, and defense and security. The establishment of this new regional cooperation is expected to draw participation from other nations as the Three Seas Initiative’s
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