NEWS

President Radev: The Three Seas Initiative Should Strengthen its Position as an Instrument for Real Social and Economic Cohesion in Europe

2020-09-11 12:57:00

The Three Seas initiative should strengthen its position as an instrument for real social and economic cohesion in Europe. The spirit of this platform for cooperation is to promote the conditions for connectivity and prosperity in the countries located between the Adriatic, Baltic and Black Sea. This is what President Rumen Radev said at a meeting with the ambassadors to Bulgaria of the 12 countries that take part in the Three Seas initiative and with representatives of the observer countries in the format. The meeting was also attended by Vice-president Iliana Iotova.

The Bulgarian Head of State noted that in order for the Three Seas to develop fully and efficiently, it is essential that all countries in the format should contribute to the initiative’s investment fund, which will provide funds for launching joint regional projects. “Taking part in the fund shows that the participants attach importance to the platform and is a positive sign to the business and investors in the region,” Rumen Radev said. In his words, clear and concrete criteria and rules for the priorities of the Three Seas format should be established.

The initiative is focused on the future of the region, therefore it is necessary to create conditions also for getting the young people committed to the initiative, hearing their voice and their ideas for the development of Europe, President Radev further said. The Head of State emphasized that without a scientific and educational connectivity between the European countries, it is impossible to achieve a sustainable social and economic cohesion.

The prospects for Bulgaria’s hosting the Three Seas platform next year were also discussed at the talks. The participants in the meeting highly praised Estonia, which in conditions of pandemic is host of the initiative this year.   

 

MORE FROM NEWS

Head of State Awarded the Order of Madara Horseman, First Class, to Ambassador of the Republic of Iraq

28 November 2025 | 15:03
In his speech, the president pointed out that Bulgaria highly values its relations with Iraq, which is an important partner in the Middle East region

President Radev: Improving Connectivity Is Key to Strengthening Security and Stability in the Black Sea Region

24 November 2025 | 19:07
Taking advantage of their geostrategic position, Bulgaria and Georgia have the potential to deepen their connectivity in various areas such as transport, energy, and the digital sector, which will contribute to promoting the economy, investment, and prosperity in the Black Sea region. This was stated by President Rumen Radev, who held a meeting with the Speaker of the Parliament of Georgia, Shalva Papuashvili.

Radev Discussed Europe's Prospects for Addressing the Challenges It Faces with Hungarian Foreign Minister

13 November 2025 | 14:02
The two were unanimous that restoring peace in Europe through diplomacy is a priority for the EU and the only way to ensure the long-term security and stability of the Old Continent.

President Rumen Radev Imposes a Veto on the Amendments to the Act on the Administrative Regulation of Economic Activities Related to Oil and Petroleum Products

12 November 2025 | 14:02
The President recalls that the institution of the Special Commercial Administrator (SCA) was introduced by an Act adopted in 2023, which also established a number of safeguards against potential abuse and arbitrariness — safeguards of the kind already adopted in other European states faced with similar circumstances, with the objective of minimising the risk of subsequent financial claims against the State

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links