Romania is among the first beneficiary states to sign memoranda of understanding for the implementation of the European Economic Area (EEA) Financial Mechanism and the Norwegian Financial Mechanism for 2014-2021.
“The headquarters of the Financial Mechanism Office in Brussels on September 9, 2016 hosted the second round to talks over the EEA Financial Mechanism and the Norwegian Financial Mechanism for the years 2014-2021 attended by officials of the donor states of the Financial Mechanism Office and a delegation of the Romanian Ministry of European Funds led by its head Cristian Ghinea. The donor states underscored that Romania is among the first beneficiary states to sign memoranda of understanding concerning the implementation of the EEA Financial Mechanism and the Norwegian Financial Mechanism for the years 2014-2021,” the Ministry of European Funds reported on Monday in a press statement.
It added that the meeting in Brussels discussed predefined projects submitted by Romania and other important aspects mentioned in the two memoranda for the implementation of EEA and Norwegian grants in Romania.
“EEA and Norwegian grants represent the contributions of Iceland, the Principality of Liechtenstein and the Kingdom of Norway to reducing economic and social gaps and consolidating bilateral relations with the European beneficiary states. For the years 2014-2021, Romania will get grants worth nearly 502 million euros,” according to the ministry.
The European Economic Area (EEA) was set up in 1994 as a free-trade area between the European Community and the European Free Trade Association (EFTA). The EEA comprises the member states of the European Union and three EFTA states (Norway, Iceland and Liechtenstein), in an internal market based on the free movement of goods, persons, services, and capital.