Bulgaria’s Ministry of Innovation and Growth (MIG) has pledged support for a new regional collaboration involving Croatia, Lithuania, Poland, Romania, and Slovenia under the framework of the Three Seas Initiative. This development was announced by the European Investment Fund (EIF), which operates within the European Investment Bank (EIB) Group. Representatives from the EIF and national promotional banks from the five Central and Southeastern European nations signed a Memorandum of Understanding in Dubrovnik on April 28.
This agreement commits the signatories to launching the regional initiative later this year, with the aim of securing at least EUR 2 billion in investments for crucial infrastructure projects. The initiative is designed to mobilize public funding sources to support various connectivity investment funds across the region. The memorandum signing occurred during the first day of the Three Seas Initiative summit in Croatia.
The participating countries plan to jointly contribute EUR 250 million, which the EIF will match. This public funding is intended to attract private capital necessary for implementing projects in sectors such as clean energy, transport networks, digital connectivity, and social infrastructure. For Bulgaria, the Ministry stated that support will be provided through the JEREMIE initiative, which has been extended until 2035.
Of the planned investments under this program, up to EUR 25 million is allocated for infrastructure connectivity within the Three Seas Initiative. This represents one of four strategic areas outlined in Bulgaria’s ten-year investment strategy, alongside investments in deep tech, growth-stage funds, and defense and security. The overall goal is to strengthen european integration and connectivity across the region.
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It is notable that Bulgaria has pledged support for the Three Seas Initiative, bringing together Croatia, Lithuania, Poland, Romania, and Slovenia.