Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria is full-time member of Three Seas Investment Fund

Photo: library

The Bulgarian Development Bank has officially joined the Investment Fund of the Three Seas Initiative and is already a Class A shareholder with a contribution of EUR 20 million. The fund is expected to raise 5 billion euros and will increase funding for investments and co-operation between countries in the Black, Adriatic and Baltic Seas.

The countries of the initiative represent 22% of the population in the EU, create 10% of the EU GDP and have economic growth above the community average. But trade between them is still limited and needs improved infrastructure in transport, energy and information technology, BGNES has reported. Bulgaria has already accepted the presidency of the initiative in 2021.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Greece approves extradition of a Bulgarian to USA over charges of smuggling banned products to Russia

Greece will extradite to the USA a Bulgarian arrested on charges of creating and participating in a criminal group for smuggling. The Greek Supreme Court has confirmed the extradition of the Bulgarian citizen who was detained in..

published on 7/25/24 11:46 AM

No agreement in parliament whether MPs should work in August

There is no agreement among the parliamentary groups on whether the National Assembly should work throughout the month of August or go on vacation. This became clear after the council on Thursday. Only "There is Such a People" (ITN)..

published on 7/25/24 10:42 AM

Bulgaria hosts conference on climate risks in the Black Sea region

The Bulgarian Academy of Sciences and the Municipality of Sofia are hosting a scientific conference on "Climate Risks in the Black Sea Region", which is held on July 25 and 27. Internationally recognized scientists from Bulgaria and..

published on 7/25/24 8:05 AM