Bulgaria is negotiating with Greece for a stake in the port of Kavala, to gain access to the Aegean Sea and alternative logistics routes

Bulgaria has begun negotiations with Greece to acquire a stake in the port of Kavala, Bulgarian Transport Minister Gheorghi Peev announced at the Sofia Economic Forum. The investment aims to expand transport and logistics capacity toward the Aegean Sea and create an alternative route for Bulgarian companies, outside the Black Sea, amid the intensification of military operations in the region.

Peev provided no details about the targeted percentage or the value of the transaction. As early as 2023, Bulgaria had expressed its intention to acquire up to 20% of the port concession through a state-owned company.

The Philip II commercial terminal in Kavala has been operated since January 2025 by the SARISA consortium, which obtained a 40-year concession. The consortium's partners include international operator Euroports and Greek company GEK TERNA. The concessionaires have committed to a modernization program worth 36 million euros.

The plan is part of a regional connectivity project between Greece, Bulgaria, and Romania. The three countries have agreed to implement 25 strategic projects worth nearly 23 billion euros, including railway connections and intermodal corridors to the ports of Kavala and Alexandroupolis. Funding is expected to come from European funds, international financial institutions, and private capital.