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
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President Rumen Radev Discussed Approaches for Promoting Investment Interest in the Three Seas Initiative with the Managing Director of the IMF Kristalina Georgieva
President Rumen Radev discussed approaches for promoting the
investment interest in the transport, energy and digital connectivity
projects within the Three Seas Initiative during a videoconference call
with the Managing Director of the IMF Kristalina Georgieva. The Three
Seas Initiative requires the development of the investment fund and the
creation of business conditions, as well as the expert support of
international financial institutions to realise its potential, the President
underlined.
investment interest in the transport, energy and digital connectivity
projects within the Three Seas Initiative during a videoconference call
with the Managing Director of the IMF Kristalina Georgieva. The Three
Seas Initiative requires the development of the investment fund and the
creation of business conditions, as well as the expert support of
international financial institutions to realise its potential, the President
underlined.
Bulgaria and Romania to work together within the Three Seas Initiative to attract foreign investors to the region
On April 14, 2021, the Bulgarian Deputy Prime Minister and Minister of Foreign Affairs Ekaterina Zaharieva met with the newly appointed Ambassador of Romania to Bulgaria Mrs. Brandusa Predescu and discussed with her the cooperation between the two countries within the framework of the Three Seas Initiative. The two interlocutors agreed that Bulgaria and Romania should work actively together to attract foreign investors to the region.