The overall objectives of the Norwegian Financial Mechanism 2014-2021 are to contribute to the reduction of economic and social disparities in the European Economic Area and to the strengthening of bilateral relations between Norway and the Beneficiary States through financial contributions in the following priority sectors:
Ø Innovation, research, education and competitiveness;
Ø Social inclusion, youth employment and fight against poverty;
Ø Environment, energy, climate change and low carbon economy;
Ø Culture, civil society, good governance and fundamental rights and freedoms;
Ø Justice and home affairs;
The cooperation and implementation framework of the financial assistance is set by the Memorandum of Understanding on the Norvegian Financial Mechanism 2014- 2021, concluded between the Kingdom of Norway and the Government of Romania.
The Memorandum of Understanding establishes the national entities involved in the implementation of the Norwegian Financial Mechanism 2014-2021 and their competences within the national management and control system (Annex A), as well as within the implementation framework (Annex B), which specifies: the list of the programme areas and their financial allocation under the Norwegian Financial Mechanism 2014-2021, the approved financial programmes with the main objectives and expected outcomes, the bilateral ambitions, the related Programmes Operators and the pre-defined projects approved at the moment of the conclusion of the Memorandum.
For further information regarding the Norwegian Financial Mechanism 2014-2021, please consult the web page of the National Focal Point (the Ministry of Invesments and European Projects) and the official web page of the Mechanism.