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September 21, 2020
BUSINESS

Norway provides Romania with grants amounting Euro 300 million

This is the largest ever cooperation agreement between Norway and Romania.

Norway, as part of the European Economic Area (EEA), will allocate funds amounting over Euro 300 million to Romania for sustainable development in health, energy and environment, and to support disadvantaged communities.Norway, Liechtenstein and Iceland, member countries of the EEA but not of the EU, have supported Romania since its accession to the EU, this being the second round of such granting programmes. The 305.6 million euros (out of which 97% of the money comes from Norway) make Romania the second European beneficiary of these funds, and Norway the biggest donor to the development of our country.From the funds, at least 14 million euros will be allocated to support and integrate Roma people in Romania, and 30 million will be directed to NGOs. In addition, 15 million euros will be allocated for climate change acclimatization and another 15 million for biodiversity and ecosystems. The private companies activating in the area of green energy are entitled to access the funds dedicated to this sector and amounting Euro 24 million.

The Ambassador of Norway to Bucharest, H.E. Mr. Oystein Hovdkinn explained, with the occasion of an event organized by the embassy of Norway to Bucharest in order to present the cooperation agreement between Romania and Norway that the development of our country is in the interest of Norway. “We want Romania to be as prosperous and rich as the Western European countries, so that we can develop more businesses and exchange relations with your country. Already over 60 Norwegian companies have established businesses here, but the potential is enormous,” said Hovdkinn. He added that Norway is conducting the funding programmes to reduce the social and economic differences between the two states, “for an economic cooperation benefiting both sides”. Nevertheless, Oystein Hovdkinn specified that the privileged social and economic situation of Norway allows his country to contribute to the development of other countries, especially Romania, fact which strengthens the relations between Norway and our country.

The second round of non-refundable financial assistance offered to Romania through the EEA and Norway Grants is three times higher than the first one, conducted until 2011, which stood at almost 100 million euros.The projects funded with EEA and Norway Grants can be engaged until April 2014 and implemented until April 2016.

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