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
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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.