The overall objectives of the Norwegian Financial Mechanism 2009-2014 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  Carbon capture and storage;

Ø  Green industry innovation;

Ø  Research and scholarship;

Ø  Human and social development;

Ø  Justice and home affairs;

Ø  Promotion of decent work and tripartite dialogue.

The cooperation and implementation framework of the financial assistance is set by the Memorandum of Understanding on the Implementation of the Norwegian Financial Mechanism 2009-2014, 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 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 2009-2014, the approved financial programmes with the main objectives and expected outcomes, the related Programmes Operators and the pre-defined projects approved at the moment of the conclusion of the Memorandum.