Norway, Iceland and Liechtenstein will devote almost EUR 118 million to Lithuania
The European Union and Norway, Iceland and Liechtenstein (EEA countries) have agreed on a new financing period 2021-2028 for the European Economic Area and Norwegian Financial Mechanisms. This agreement will devote almost EUR 118 million to Lithuania.
“Continuous contribution to social and economic cohesion is one of the obligations of the EEA countries in the relationship with the European Union, where they have access to the single market of the European Union without being members of the bloc. New investment will further contribute to strengthening the social and economic development of our country. This will be the fourth investment period for Lithuania. It is important that this investment gives scope to test innovation and to implement good practices adopted from partner countries”, says Vice-Minister of Finance Vaida Česnulevičiūtė – Markevičienė.
The agreement between the European Union and the EEA countries proposes in the financing period 2021-2028 to focus investment on promoting the green transition, strengthening democracy and law, as well as on enhancing social inclusion. Specific fields of funding will be determined taking into account Lithuania's national interests and the results of negotiations with representatives of the EEA countries.
The third financing period of the EEA and Norwegian Financial Mechanisms is now coming to an end, of which Lithuania has also been allocated almost EUR 118 million for the implementation of various investment projects.
The investment that have reached Lithuania for almost two decades has enabled the implementation of health, cultural, environmental, non-governmental sector, justice, business development, research and many other projects.
The EEA and Norwegian Financial Mechanisms are the contribution of Iceland, the Principality of Liechtenstein and the Kingdom of Norway to reducing economic and social disparities and strengthening bilateral relations with 15 EU countries in Central and South-Eastern Europe and the Baltic states.
Last updated: 13-08-2024
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