Bulgaria, through its Ministry of Innovation and Growth (MIG), has announced support for a new regional collaboration involving Croatia, Lithuania, Poland, Romania, and Slovenia. This partnership operates under the framework of the Three Seas Initiative (TSI), with involvement from the European Investment Fund (EIF), an entity of 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, committing to launch this regional connectivity improvement initiative later this year.
The collective effort is projected to secure at least EUR 2 billion in investments for critical infrastructure projects. This fund aims to mobilize public capital to support diverse connectivity investments across the region. The signing occurred during the first day of the TSI summit held in Croatia.
The five participating countries plan to contribute jointly EUR 250 million, an amount the EIF has committed to matching. This public funding mechanism is designed to attract significant private capital for developing infrastructure in areas such as clean energy, transport networks, digital connectivity, and social infrastructure. For Bulgaria, MIG confirmed its backing for this cooperation via the extended JEREMIE initiative, which remains active until 2035.
Within this framework, Bulgaria has allocated up to EUR 25 million for infrastructure connectivity within the TSI. This investment represents one of four strategic pillars outlined in Bulgaria’s new ten-year investment strategy, alongside technology transfer, growth-stage funding, and defense and security. The successful establishment of this European fund is expected to encourage participation from other countries.
Topics: #european #new #three
