The EEA Financial Mechanism

Norway and Estonia signs a MoU on Norwegian financial contributions

 Date:18/11/2004

A Memorandum of Understanding (MoU) on the implementation of the Norwegian Financial Mechanism in Estonia was 17 November signed by State Secretary Kim Traavik, Norwegian Ministry of Foreign Affairs, and his Estonian counterpart. Over a 5-year period, 22,7 million euro will be made available for programmes and projects in Estonia. The Norwegian contributions are connected to the enlargement of the European Economic Area (EEA) that took place 1 May this year, when the 10 new EU members also joined the EEA.

The Memorandum of Understanding was signed in connection with a Norwegian-Estonian seminar in Tallinn yesterday, with some 200 participants and focusing on regional development, health, child care and the environment/sustainable development.

State Secretary Kim Traavik stated that “relations between Norway and Estonia can be further strengthened through cooperation on the financial mechanisms. Great interest has been shown from both sides in taking part in this seminar, and gives a good basis for taking advantage of the opportunities provided by the contributions”.

Norway has through the EEA Agreement committed a total of 1,134 billion euro towards social and economic cohesion in the EU for the period 2004-2009, of which the big bulk will be allocated to the new EU member states.

           



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