Bulgaria’s Ministry of Innovation and Growth (MIG) has announced support for a new regional cooperation among Croatia, Lithuania, Poland, Romania, and Slovenia within the framework of the Three Seas Initiative. This collaboration involves the European Investment Fund (EIF), an entity of 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, aiming to secure at least EUR 2 billion in investments for vital infrastructure projects across the region. The initiative is designed to mobilize public funding to attract private capital for connectivity improvements. The signing took place during the first day of the Three Seas Initiative summit in Croatia.
The five participating countries plan to jointly contribute EUR 250 million, which the EIF will match. The targeted investments cover key sectors, including clean energy, transport networks, digital connectivity, and social infrastructure. For Bulgaria, the MIG confirmed its support for this regional cooperation through the JEREMIE initiative, which has been extended until 2035.
Under this program, Bulgaria plans to allocate up to EUR 25 million for infrastructure connectivity within the Three Seas Initiative. This commitment represents one of four strategic areas outlined in Bulgaria’s ten-year investment strategy, alongside investments in technology transfer, growth-stage funds, and defense and security, bolstering its role in the broader European connectivity framework. Other nations are expected to join this cooperation as the Infrastructure Fund of Funds under the Three Seas Initiative is established.
Topics: #european #new #three
