Slovakia, Norway sign EUR 80.75m grant agreement.

By bne IntelliNews October 27, 2010
Slovak PM Iveta Radicova and Norwegian foreign minister Jonas Gahr Store signed an agreement on European Economic Area (EEA) grants and Norway grants for a total of EUR 80.75m by 2014, news agency TASR informed. Norway will provide EUR 42.4m and EEA funding will amount to EUR 38.35mn. The funds will be primarily designated for environment and climate change measures such as carbon capture and storage and flood prevention. A total EUR 31mn will be targeted at environmental projects. The funds will also be used to support measures to reduce domestic violence, strengthen civil society, foster social dialogue and promote cross-border cooperation. Through the EEA grants and the Norway grants, Iceland, Liechtenstein and Norway are contributing to reducing economic and social disparities in the European economic area and to the strengthening of bilateral relations with the 15 beneficiary states in central and southern Europe. The 12 newest EU member states, as well as Greece, Portugal and Spain, are eligible for support under the EEA Grants. The Norway Grants are only open to the 12 newest EU member states. The funding is allocated between the countries based on their population and GDP per capita.

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