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January 24, 2022
BUSINESS

EEA and Norway Grants for supporting Romania’s social and economic development

Through the two financial mechanisms, the EEA Financial Mechanism (EEA Grants) and the Norwegian Cooperation Programme with Romania (Norway Grants), the EEA (European Economic Area) – EFTA (European Free Trade Association) countries (Norway, Iceland and Liechtenstein) have allocated to Romania non-refundable financial assistance amounting to EUR 98.5 M for the period 2007-2009 for co-financing of projects in key sectors such as environment, energy efficiency, sustainable production, health and childcare, cultural heritage human resources development, and the NGO sector, according to a press release. Of the total amount, Norway’s contribution makes up the most, approximately 97 pc. A new hospital building in Bucharest, a state-of-the-art cultural heritage center in Astra Museum in Sibiu, an operational business incubator in Constanta are just a few of the concrete results in the EEA and Norway Grants projects. The two programmes whose completion was marked Tuesday will be followed by a second round of financial assistance. In the period up to 2014, Norway will allocate EUR 305 M for co-financing of projects that will be implemented in Romania during this timeframe.

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