Europaportalen
Europaportalen
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Annual Report

The EEA Financial Mechanism and the Norwegian Financial Mechanism

1 May 2004 to 30 April 2005

The EEA Financial Mechanism and the Norwegian Financial Mechanism were established on 1 May 2004, when the EU and the EEA were enlarged by 10 countries: Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia.

Through these mechanisms Norway is contributing approximately EUR 1.134 billion (approximately NOK 9.5 billion) for the period 2004-2009 in order to promote economic and social cohesion in the enlarged EU, and to enhance the ability of the new EU/EEA countries to participate fully in the internal market. Another goal is to strengthen Norway’s bilateral relations with the beneficiary states. Norway’s contribution makes up about 97 per cent of the total amount; the remainder comes from our EEA/EFTA partners Iceland and Liechtenstein.


EPA Photo/ AFI/ Elmars Rudzitis

The EEA Enlargement Agreement specifies which sectors are eligible for support. Actors in a wide range of fields in the beneficiary states are eligible to apply for funds, and Norwegian actors can benefit from the mechanisms through co-operation with partners in these countries.

The Ministry of Foreign Affairs has engaged in a broad dialogue with the beneficiary states during the first year following the establishment of the mechanisms with a view to reaching agreement on their priority areas within these sectors and how the funds should be administered. This has resulted in memorandums of understanding (MoUs) with the individual countries, which have so far been concluded with 9 of the 13 beneficiary states. Formal Rules and Procedures for the mechanisms have been established in order to ensure proper control and implementation of the projects.

The present web report describes the dialogues and other measures carried out to provide a sound framework for the EEA Financial Mechanisms that will ensure their success. Up-to-date information relating to the mechanisms can be found at: www.eeagrants.org


Main issues


Interactive map

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Norwegian Foreign Minister Jan Petersen and Czech Foreign Minister Cyril Svoboda sign the Memorandum of Understanding on the use of the Norwegian Financial Mechanism in Prague on 19 October 2004.


With a view to promoting a continuous and balanced strengthening of trade and economic relations between the Contracting Parties, as provided for in Article 1, the Contracting Parties agree on the need to reduce the economic and social disparities between their regions. They note in this regard the relevant provisions set out elsewhere in this Agreement and its related Protocols, including certain of the arrangements regarding agriculture and fisheries.
 - Article 115 of the EEA Agreement