The European Parliament has approved financial mechanisms that will support cooperation with Iceland, Liechtenstein and Norway for the next seven years. These agreements ensure the continuation of financial contributions from these countries to reduce economic and social disadvantages in the European Union. The decision comes at the end of a complex legislative process involving all EU institutions and partners from the European Economic Area.
The agreements fall within the EU's partnership with EEA (European Economic Area) countries and Norway, with the main objective of reducing economic and social inequalities. The financial mechanisms allow EEA countries and Norway to contribute to economic cohesion in the EU in exchange for their access to the European single market. The legal framework is based on Articles 217 and 218 of the Treaty on the Functioning of the European Union.
The agreements cover the period May 2021 - April 2028, with retroactive application to ensure programme continuity. Implementation will be coordinated by the European Commission together with national authorities in EU member states. Control will be carried out through periodic reports to the European Parliament and Council, with monitoring of fund usage.
EU citizens will benefit from projects funded in areas such as environment, research, education and social inclusion. National and local authorities will be able to access funds for regional development programmes. NGOs and small businesses will find funding opportunities for cross-border projects. It is important that beneficiaries know the procedures for accessing available funds.
Approximate match via declared fields of interest. This does not prove influence on this vote.
