Bulgaria, through its Ministry of Innovation and Growth (MIG), announced support for a new regional cooperation involving Croatia, Lithuania, Poland, Romania, and Slovenia. This partnership operates under the framework of the Three Seas Initiative (TSI) and involves the European Investment Fund (EIF), which is part of the European Investment Bank (EIB) Group. Representatives from the EIF and the national promotional banks of the five Central and Southeastern European countries signed a Memorandum of Understanding on April 28 in Dubrovnik.
This agreement commits the signatories to launching the regional initiative later this year, aiming to improve connectivity across the area. The collaborative effort is projected to secure at least EUR 2 billion in investments for critical infrastructure projects. The goal is to mobilize public funds to attract private capital for diverse sectors, including clean energy, transport networks, digital infrastructure, and social amenities.
The signing occurred during the first day of the Three Seas Initiative summit. The participating nations plan to jointly contribute EUR 250 million, which the EIF will match. Furthermore, the initiative anticipates the eventual inclusion of additional countries once the Infrastructure Fund of Funds under the Three Seas Initiative is fully established.
In supporting this european endeavor, Bulgaria will utilize the extended JEREMIE initiative until 2035. MIG confirmed that Bulgaria’s contribution includes up to EUR 25 million specifically for infrastructure connectivity within the TSI. This commitment represents one of four strategic pillars outlined in Bulgaria’s new ten-year investment strategy, alongside areas focusing on deep tech, technology transfer, and defense.
Topics: #european #new #three
