As host of the Three Seas Initiative Summit in 2021 Bulgaria welcomes the decision of the Board of the U.S. International Development Finance Corporation that approved its $300M investment into the Three Seas Initiative Investment Fund (3SIIF). Thus, the capital of the Three Seas Fund has already exceeded 1.2 billion euros. The decision made at the suggestion of Secretary of State Mike Pompeo is an important step by which the United States reaffirms its strong support for the Initiative. The approved investment earmarked for the development of cross-border energy infrastructure in Central and Eastern Europe. In September 2020 Bulgaria took a decision to participate with an investment of 20 million euros in the Three Seas Fund.
Bulgaria welcomes the investment of $300 million for the Three Seas Fund approved by DFC
Subscribe to our news!
News
The Three Seas Initiative Civil Society Forum will take place in Riga
The Civil Society Forum of the Three Seas Initiative (3SI) will take place at the Riga Castle on May 20 and 21, 2022 to discuss issues relating to the 3SI priorities of connectivity, digitalisation, security and governance.
The Business in Filling the North-South Connectivity Gap: need to invest in future-proof projects is increasing
The Three Seas Initiative’s (3SI) event “Business Opportunities in Filling the North-South Connectivity Gap” on the morning of May 12th has become an example of well thought through strategies turning into real life investments of the initiative’s participating member countries and entrepreneurs. The meeting provided a discussion platform to investigate opportunities for strengthening connectivity and security in infrastructure, digital, and energy sectors on the North-South axis, but also to recognize the future economic advantages, exclusively, with case studies from the Three Seas region on various projects developed and planned within the Investment Fund.