Bulgaria and Poland to work together for more investments in the region under the Three Seas Initiative

Bulgaria and Poland will work together to increase investments in the region under the Three Seas initiative. This was agreed at a meeting of the Deputy Prime Minister and Minister of Foreign Affairs Ekaterina Zaharieva and Beata Daszyńska, Chair of the Supervisory Board of the Investment Fund on the initiative "Three Seas".

"For countries like Bulgaria, investments in energy infrastructure and security are extremely important," said Ekaterina Zaharieva, who is also the national coordinator of the Three Seas Initiative, this year chaired by Bulgaria. During the discussion, the Foreign Minister emphasized on the project for expansion of the Chiren Gas Storage Site in Bulgaria, which is significant for the whole region. It is among the first 4 projects that Bulgaria has proposed for implementation within the initiative.

Ekaterina Zaharieva emphasized on the need for increasing the target capital of the Investment Fund to be able to meet the needs of the region and expressed Bulgaria’s ambition to push the implementation agenda forward during the informal presidency.

The discussion focused on the need for coordination between the fund investment policy and EU cohesion instruments and programs, also using funding from the European Investment Bank and attracting private investment from the US, Germany, the UK, Japan, the Republic of Korea and other potential investors.

Beata Daszyńska, who is also the Executive Director of the Polish State Development Bank is on a visit to Bulgaria at the invitation of the Bulgarian Development Bank.

"I hope that the talks between the two partner banks will be creative and productive. I expect you to work together for the purposes of the 3 Seas Initiative, as well as for the organization of the Sofia Business Forum”, said Ekaterina Zaharieva.