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
News
President Radev: “Strengthening the 3SI Investment Fund is Important for Achieving Palpable Results with the Initiative”
Consolidating and strengthening the Three Seas Initiative (3SI) Investment Fund is of significant importance to the achievement of palpable, pragmatic results and for the successful implementation of the joint projects within the regional cooperation initiative, stated the Head of State, Mr. Rumen Radev, during a videoconference call with representatives of the leadership of the Fund’s investment advisor Amber Infrastructure Group – an international fund of independent investment management experts.
Rumen Radev: Cooperation in the Field of Innovation and Scientific Research is of Key Importance for Achieving 3SI Connectivity Goals
“Cooperation in the field of innovation and scientific research is of key importance for achieving the Three Seas Initiative (3SI) connectivity goals in the field of energy, transport and digitalization,” said President Rumen Radev at a meeting held today at the Presidency with the President of the Scientific Research and Innovation State Agency Martin Danovski.