Norway signs financial support agreement with the EU / News / The Foreigner

Norway signs financial support agreement with the EU. Norway has signed a financial agreement with the EU promising NOK 15 billion in aid backdated to 2009 and up until 2014 for the poorest EEA countries. “The new EEA financial mechanisms give us a historic opportunity to strengthen our cooperation with the newest EU member states. Many of these countries are struggling with high unemployment and a difficult economic situation. It is in Norway’s interests to promote economic and social development in these countries,” Foreign Minister Jonas Gahr Støre told the online paper EUObserver. The money will be directed towards the 12 newest EU member states in the South-East European block.

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Norway signs financial support agreement with the EU

Published on Monday, 2nd August, 2010 at 14:27 under the news category, by Ramona Tancau.
Last Updated on 2nd August 2010 at 21:54.

Norway has signed a financial agreement with the EU promising NOK 15 billion in aid backdated to 2009 and up until 2014 for the poorest EEA countries.

Uncut sheet of 200-kroner notes
Uncut sheet of 200-kroner notes
Photo: Katrine Lunke/Norges Bank


“The new EEA financial mechanisms give us a historic opportunity to strengthen our cooperation with the newest EU member states. Many of these countries are struggling with high unemployment and a difficult economic situation. It is in Norway’s interests to promote economic and social development in these countries,” Foreign Minister Jonas Gahr Støre told the online paper EUObserver.

The money will be directed towards the 12 newest EU member states in the South-East European block.

Poland is by far the top beneficiary of the scheme, followed by Romania, Hungary, the Czech Republic, Bulgaria, Lithuania, Slovakia, Latvia, Greece, Portugal, Spain, Estonia, Slovenia, Cyprus and Malta.

The Norwegian grants are meant to lower the disparities between member states, as well as fund environmental and climate change projects, green industry innovation, health, scholarships, civil society, justice, human and social development.

"We are entering into a critical phase in the global climate efforts, and we are pleased to have reached agreement with the EU on giving priority to climate change in the EEA cooperation with new member states," explained Støre.

What is new with this agreement is Norway also supports projects that aim at promoting “decent work and tripartite dialogue” with labor unions, employers and governmental organization that are consistent with the Norwegian democracy model.

“The funding from Norway is targeted at areas where we can make a difference and that are in line with Norwegian and European interests,” Støre said, at the same time inviting Norwegian actors to collaborate with partners from the beneficiary countries.

The agreement was also signed by Iceland and Lichtenstein who will be sending aid to Spain, Portugal and Greece, with the remaining 97 percent of the funding for the other 12 countries coming from Norway.



Published on Monday, 2nd August, 2010 at 14:27 under the news category, by Ramona Tancau.
Last updated on 2nd August 2010 at 21:54.

This post has the following tags: eu, eea, financial, aid, agreement, grant, package, jonas, gahr, stoere, foreign, minister, norway, poland, romania, hungary, czech, republic, bulgaria, lithuania, slovakia, latvia, greece, portugal.





  
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