On October 26th Petar T. Ivanov was guest on Bloomberg TV Bulgaria and spoke about the “Three Seas” initiative as a great opportunity before Bulgaria to energy diversify, and to be part of the next-stage development of Eastern Europe, as part of the Transatlantic Economy.
“The “Three Seas” Initiative is very important for the integration between the countries of the region between the Baltic, Adriatic and Black Seas and it will create new job positions, and the projects in this initiative are the key to success. The initiative will provide an opportunity for energy diversification in Bulgaria”, said Petar Ivanov, executive director of the American Chamber of Commerce in Bulgaria, in the show “In Development” hosted by Delyan Petrishki.
“Currently, Bulgaria cannot import energy resources from Norway, for example, which will change through this initiative”, said Petar Ivanov.
According to Mr. Ivanov another important priority of the initiative is to create a transport corridor between the participating countries. He said also:
“Bulgaria must join Greece and Cyprus to the project if it really wants to connect the north and the south.”
He described the initiative as the “Little Marshall Plan”. According to him, within the project there is no rivalry between the United States, which is an investor, and the EU, which is a partner in the program.
“The most important thing is all institutions to understand that we need to work together to succeed.”
According to Ivanov, the dynamics in the relations between the US and Bulgaria is at its highest levels until now.
He explained that 90% of all 12 countries participating in the “Three Seas” initiative, have already contributed the project with funds.
“The idea is for the United States to give the same amount, which will make the entire investment $ 2 billion, and will allow private investors to get involved”, said Ivanov.