Pledges Supports For New Three Seas Partnership Initiative

Bulgaria, through its Ministry of Innovation and Growth (MIG), announced support for a new regional collaboration involving Croatia, Lithuania, Poland, Romania, and Slovenia. This partnership operates within the framework of the Three Seas Initiative and involves 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 on April 28 in Dubrovnik.

This agreement commits the signatories to launching the regional initiative to enhance connectivity across the area later this year. The collective goal is to secure at least EUR 2 billion in investments dedicated to infrastructure projects. The initiative aims to mobilize public funding to attract private capital for various connectivity investment funds operating across the region.

The signing occurred during the first day of the Three Seas Initiative summit held in Croatia. The five participating countries plan to contribute a joint total of EUR 250 million, which the EIF has committed to match. This public funding mechanism is designed to attract private investment toward crucial infrastructure sectors, including clean energy, transport networks, digital connectivity, and social infrastructure.

Bulgaria confirmed its support for this regional cooperation via the extended JEREMIE initiative, which remains active until 2035. Under this program, Bulgaria plans to allocate up to EUR 25 million for infrastructure connectivity within the Three Seas Initiative. This allocation forms one of four strategic pillars within Bulgaria’s new ten-year investment strategy, alongside investments in technology transfer, growth-stage funds, and defense and security.

The collaboration underscores a broader commitment to strengthening the European economic ties among the participating nations.

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