site.bta3SI Investment Fund Acquires Substantial Share in Burgas Port

The Three Seas Initiative (3SI) Investment Fund has acquired a significant share of the Port of Burgas, President Rumen Radev told reporters following a Three Seas Initiative Summit and Business Forum in Riga on Monday.

Radev described Burgas as the closest European Union port to the Bosphorus Strait and as playing an important role in the connectivity of this region with the Middle East and Asia. He added that the port's acquisition will play an important role in promoting the entire region's further growth and economic development.

"This is proof that if there is political will, coordinated efforts and hard work, things work out. It is an example of how we should work to use all initiatives, international and financial tools to attract investments in Bulgaria", Radev stated.

In his words, this investment is the result of thorough analyses by independent external financial institutions. "It increases Bulgaria's credibility and visibility, and positions this country much better on the investment map," Radev emphasized.

The Three Seas Initiative Investment Fund has been operating since February 2020. It is managed by investment adviser Amber Infrastructure Group, which bases its investments on purely commercial terms.

The Fund's activities are complementary to existing EU funds and are intended to finance key projects in the fields of energy, transport, and digitalization in the Three Seas region.

The Three Seas Initiative is a politically inspired, commercially driven platform for improving connectivity between twelve EU Member States located between the Baltic, Adriatic and Black seas - Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Hungary, Slovenia, Austria, Croatia, Romania, and Bulgaria.