NEWS

Head of State: The True Value of the Three Seas Initiative Lies in the Level of Ambition for the Future of Our Region and Europe

2025-04-29 17:41:00

The President addresses the participants in the business forum accompanying the regional initiative
 

The true value of the Three Seas Initiative lies in the level of ambition for the future of our region and Europe, for the development of trust, cooperation and friendship, and for strengthening our resilience and security, and stimulating business to be more effective in providing services to society. This was stated by the Head of State Rumen Radev within the presidential panel of a business forum accompanying the Three Seas Initiative Summit in Warsaw. This year, the format for developing cooperation and deepening connectivity along the North-South axis celebrates its tenth anniversary. Three Seas unites 13 EU member states: Bulgaria, Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Hungary, Slovenia, Austria, Croatia, Romania, and Greece. Strategic partners of the initiative are Germany, the European Commission, the USA and Japan, and associated participating countries are Ukraine and Moldova. The Bulgarian delegation led by the Head of State includes representatives of institutions and Bulgarian companies.

The dynamics of geopolitical processes have proven the importance and strategic potential of the Three Seas Initiative, the president said, recalling the series of crises the world has faced in recent years. All of them have revealed the need for better transport, energy and digital connectivity, as well as stronger regional cooperation - which are at the heart of the initiative, Rumen Radev pointed out.

In his address, the head of state outlined the path of the business forum, which since its establishment in 2017 has developed significant sustainability, a working organisation and management mechanisms. The investment fund, although insufficient in volume, has proven to be a working financial mechanism, President Radev pointed out. He recalled that within the framework of hosting the Three Seas Initiative in Sofia in 2021, the creation of an innovation fund was proposed and pointed to the need to overcome fragmentation and strengthen connectivity in science, research, education and innovation.

According to the President, the key to the development of the regional cooperation format is the long-term vision for investments and more active work with strategic partners and international financial institutions, which will make business more active. Rumen Radev also highlighted the importance of public-private partnership as a key to securing financing for the implementation of all ambitious projects aimed at expanding and improving connectivity in the region.

MORE FROM NEWS

Rumen Radev: The Major Challenge Facing the EU Is to Promote Its Own Production and Competitiveness Globally

20 June 2025 | 14:02
The Head of State holds a meeting with the ambassadors of the EU member states within the framework of the Polish presidency of the union

Rumen Radev: With Adequate Long-term Strategies, Bulgaria Has the Potential to Be a Regional Factor in a Number of Areas

18 June 2025 | 08:08
Ensuring Bulgaria's prosperity and security requires our country to play an active role in the alliances and multinational formats in which it participates, to develop good neighbourly relations, and for the political class to be able to create adequate long-term strategies in various areas. This was stated by President Rumen Radev in the closing part of the second day of the Green Transition forum, which is being held in our country for the fifth year.

The President: It Is Absolutely Unacceptable for an EU Candidate Country, which Loudly Advertises that It Has Long since Met All the Criteria for Membership, to Carry out Legal Prosecutions on Ethnic Grounds

17 June 2025 | 16:04
The Head of State holds a meeting with Ljupcho Georgievski, chairman of the Bulgarian Cultural Centre "Ivan Mihaylov" in Bitola, which was abolished by the authorities in the Republic of Macedonia

President: As the Rotating Chairman of SEECP, Bulgaria Will Continue to Be a Constructive and Responsible Partner in Achieving a Common future in the Interest of All Citizens of Our Region

16 June 2025 | 22:10
In Tirana, the Bulgarian head of state symbolically accepted the rotating Chairmanship-in-Office (CiO) of the South East European Cooperation Process from his Albanian counterpart.

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links