One of the objectives of the Three Seas is to reinforce the transatlantic relationships and we can already see the results. The U.S. has shown its support to the initiative by committing $1 billion dollars to develop Central and Eastern European infrastructure. The announcement by U.S. Secretary of State Michael Pompeo was made during the annual Munich Security Conference.
U.S. Congresswoman Marcy Kaptur emphasises in her message that the key part of the Three Seas region’s security is energy, infrastructure and digital resilience. “Through collective financing and joint investments this initiative is critical to boost the region’s energy security and infrastructure connectivity between Adriatic, Baltic and Black Seas,” Kaptur says.
U.S. Congressman Adam Kinzinger points out in his statement that the Three Seas Initiative will serve to strengthen the energy security for decades to come. “This initiative is important to the Unites States for many reasons, so it is critical that our allies stand strong, invest wisely and continue to innovate in clean energy projects,” Kinzinger adds.
Reinforcing the transatlantic ties
Bulgarian Development Bank commits to the Three Seas Initiative Investment Fund
The Three Seas Initiative Investment Fund has successfully raised an additional €20 million of commitments, invested by the Bulgarian Development Bank. Bulgaria joins Poland, Romania, Estonia, Latvia, Slovenia and Hungary as cornerstone investors.
Bulgaria welcomes the investment of $300 million for the Three Seas Fund approved by DFC
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