NEWS

President Rumen Radev Held a Meeting with the Chairperson of the Supervisory Board of the Three Seas Initiative Investment Fund, Ms. Beata Daszy?ska-Muzyczka

The Three Seas Initiative Investment Fund has proven effectiveness, implementing its first investments in key connectivity sectors in the region – energy, transport and digitalisation. High added value is a main priority in selecting projects, so as to attract more investments, stated President Rumen Radev at a meeting today with the Chairperson of the Three Seas Initiative Investment Fund, Ms. Beata Daszy?ska-Muzyczka, and representatives of the Polish Development Bank. The Caretaker Minister of Economy, Mr. Kiril Petkov, also participated in the meeting at the Presidency.

The meeting was held as part of Bulgaria hosting the Three Seas Initiative, with President Rumen Radev hosting the Sixth Initiative Summit on the 8^th and 9^th of July in the National Palace of Culture, welcoming heads of state and leaders of delegations from the 12 countries participating in the Initiative and its strategic partners – USA, the EC and Germany. A large-scale business forum with more than 400 representatives of Bulgarian and international businesses will also be held during the event.

The countries in the Three Seas Initiative share common goals and a vision for success in attracting investments to our region, Mr. Rumen Radev emphasised, and pointed out that the active work of the Investment Fund is a decisive step in transforming the Initiative from a political dialogue to an engine of real actions in financing key projects in the field of connectivity.

The activity of the Fund and of states participating in the Three Seas Initiative in attracting funds from private businesses, at engaging partners from third countries and strengthening the dialogue with international financial institutions for achieving the common goals in connectivity were also discussed at the meeting.

The Bulgarian Head of State outlined the importance of transparency in the functioning of the Investment Fund, as well as of following clear procedures in selecting projects to receive financial support to enhance the trust of businesses.