The Ministry of Finance is going to coordinate negotiations on the new period of the European Economic Area and Norwegian Financial Mechanisms
Today, the Government meeting approved that the Ministry of Finance will coordinate negotiations on the new period, i.e. 2021-2028, of the European Economic Area (EEA) and Norwegian Financial Mechanisms. Under this agreement almost EUR 118 million will be allocated to Lithuania.
“The EEA and Norway significantly contribute to Lithuania’s economic and social prosperity by financing through Financial Mechanisms the projects and initiatives in vital and sensitive areas. We will further invest the resources allocated during the new period to implement the main changes in the foreseen areas and to use the potential of cooperation with partner countries drawing on their good experience and knowledge”, says Vice-Minister of Finance Vaida Česnulevičiūtė – Markevičienė.
Bilateral negotiations, taking into consideration Lithuania’s needs, other investments and cooperation with partner countries, will set the financing areas in Lithuania. The negotiations will be coordinated by the Ministry of Finance in consultation with other Lithuanian public authorities in regard to the investment areas and the model of implementation of the Mechanisms.
After conclusion of the memoranda, the authorities assigned will draft programmes in agreed investment areas. Following the approval of the programmes by donor countries, the selection of projects and implementation will be launched.
According to the agreement, the investments for the financing period 2021-2028 are suggested to be channelled to the promotion of green transition, strengthening of democracy and law as well as to the enhancement of social inclusion.
Currently, the third financing period of the EEA and Norwegian Financial Mechanisms is expiring from which almost EUR 118 million has been allocated to Lithuania for the implementation of various investment projects.
The EEA and Norwegian Financial Mechanisms make the contribution of Iceland, the Principality of Liechtenstein and the Kingdom of Norway to reduce economic and social disparities and to strengthen bilateral relations with 15 EU countries in Central and South-Easten Europe and the Baltic states.
Last updated: 13-08-2024
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