Bulgaria’s Ministry of Innovation and Growth (MIG) has announced support for a new regional partnership involving Croatia, Lithuania, Poland, Romania, and Slovenia under the umbrella of the Three Seas Initiative. This cooperation is facilitated by the European Investment Fund (EIF), an entity within 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 the new regional connectivity initiative later this year.
The partnership aims to secure a minimum of EUR 2 billion in investments across various infrastructure projects. The objective is to mobilize public financing to attract private capital for connectivity improvements throughout the region. The agreement, signed on the first day of the Three Seas Initiative summit, sees the five participating countries contributing a combined EUR 250 million, which the EIF has committed to match.
This public funding mechanism is designed to support sectors including clean energy, transport networks, digital infrastructure, and social amenities. The Ministry of Innovation and Growth confirmed that Bulgaria will support this cooperation through the extended JEREMIE initiative, which remains active until 2035. Within the framework of the Three Seas Initiative, the planned investments for connectivity amount to up to EUR 25 million.
This allocation represents one of four strategic areas detailed in Bulgaria’s new ten-year investment strategy, alongside investments in technology transfer, deep tech, and defense and security. The establishment of this new Infrastructure Fund of Funds is expected to draw in additional international participation.
Topics: #european #new #three
