NEWS

 

 

The Three Seas Initiative is establishing itself as a factor for the development of connectivity in the whole region of Central and Eastern Europe and is of key importance for promoting economic exchanges, investments and increasing security of supply of energy resources. This is what head of state Rumen Radev said at a meeting with Beata Daszynska-Muzyczka, Ambassador, Special Representative of the President of the Republic of Poland for the Three Seas Initiative. Poland will host the next summit of the initiative, which will take place in 2025. 

 

The head of state highlighted this country's good partnership with the Three Seas Investment Fund. The fund's investments in Bulgaria are among the largest within the initiative, with a total amount of around EUR 200 million invested in the transport and energy sectors, and the capital raised is around 10 times more than the amount invested by this country so far. 

 

During the meeting, Beata Daszynska-Muzyczka highlighted the ideas of expanding the dialogue of the Three Seas Initiative with the strategic partners of the initiative, strengthening the partnership with financial institutions, as well as expanding the thematic scope of the initiative with a new theme - promoting tourism and cultural exchange in Eastern Europe as a real factor for bringing the countries of our region closer together.  

 

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

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.

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.

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