News related to the "Three Seas" initiative
Bulgarian business will have one more instrument for investment in energy, transport, and digital infrastructure
The Bulgarian business sector will have one more instrument for long-term investment in energy, transport, and digital infrastructure. This was revealed at the first meeting of the investment advisor to the Three Seas Initiative Investment Fund (3SIIF), Amber Fund Management Limited, with representatives of Bulgarian business. The event was organized by the Bulgarian Development Bank (BDB) and was attended by over 90 participants from leading employer organizations and businesses in the country.
BDB with two representatives in management of Three Seas Investment Fund
BDB Executive Officers Nikolay Dimitrov and Panayot Filipov will represent Bulgaria in the Three Seas Initiative Investment Fund. They were elected at a general meeting of the Fund. Nikolay Dimitrov will be a member of the Supervisory Board and Panayot Filipov will be a member of the Management Board of the Investment Fund, which will provide part of the necessary funding to strengthen cooperation between member states in the Baltic, Adriatic and Black Sea regions.
BDB joins the "Three Seas" Initiative Investment Fund as a shareholder
The Bulgarian Development Bank (BDB) completed the procedure for accession to the "Three Seas" Initiative Investment Fund and is now officially a class A shareholder with a cash contribution of EUR 20 million. The BDB’s accession to the fund implements a Ruling by the Council of Ministers of 2 September 2020.
