Bulgaria, through its Ministry of Innovation and Growth (MIG), has pledged support for a new regional partnership involving Croatia, Lithuania, Poland, Romania, and Slovenia under the auspices of the Three Seas Initiative. This effort is facilitated by the European Investment Fund (EIF), a component of the European Investment Bank (EIB) Group. On April 28 in Dubrovnik, representatives from the EIF and national promotional banks from the five Central and Southeastern European nations signed a Memorandum of Understanding.
This agreement commits the parties to launching the regional initiative later this year, aiming to significantly enhance connectivity across the area. The partnership is projected to secure a minimum of EUR 2 billion in investments earmarked for critical infrastructure projects. The primary objective is to mobilize public funding streams to support diverse connectivity investment funds operating throughout the region.
The signing occurred during the inaugural day of the Three Seas Initiative summit in Croatia. The five participating countries plan to contribute jointly EUR 250 million, which the EIF has committed to matching. This public funding mechanism is designed to attract private capital necessary for developing infrastructure in sectors including clean energy, transport networks, digital connectivity, and social infrastructure.
For Bulgaria, the Ministry confirmed its support for this cooperation through the extended JEREMIE initiative, which remains active until 2035. The planned investment of up to EUR 25 million for infrastructure connectivity within the Three Seas Initiative represents one of four strategic areas under Bulgaria’s new ten-year investment strategy, alongside commitments to technology transfer, deep tech, and defense. The establishment of the new Infrastructure Fund of Funds under the Three Seas Initiative is expected to draw in additional participating countries.
Topics: #european #new #three
