Wednesday,
26 February 2020
2004-20092009-20142014-2021

Professional Risk Management in the EEA/Norwegian Financial Mechanism Programmes is the Key to Success

05.06.2014

On Wednesday, 4 June, the annual meeting of the European Economic Area (EEA) and Norwegian Financial Mechanism was held at the Ministry of Finance. At the meeting, representatives of the Ministry together with representatives of the Norwegian Ministry of Foreign Affairs, Icelandic Ministry of Foreign Affairs, Financial Mechanism Office and the Norwegian Embassy in Latvia discussed the implementation process of the EEA/Norwegian Financial Mechanism in the period from 1 January 2013 to 31 December 2013.

On Wednesday, 4 June, the annual meeting of the European Economic Area (EEA) and Norwegian Financial Mechanism was held at the Ministry of Finance. At the meeting, representatives of the Ministry together with representatives of the Norwegian Ministry of Foreign Affairs, Icelandic Ministry of Foreign Affairs, Financial Mechanism Office and the Norwegian Embassy in Latvia discussed the implementation process of the EEA/Norwegian Financial Mechanism in the period from 1 January 2013 to 31 December 2013.

During the meeting, participants acquainted themselves with a progress on implementing and introducing the EEA and Norwegian Financial Mechanism. In the first quarter of the last year, there were all programme agreements signed and their implementation was started. It is planned that all projects will be finished on April 2016.

At the meeting, there were also presentations provided on risk assessment and their management within the framework of the programmes. Representatives of Norway appreciated Latvia’s accomplished work and indicated that professional risk management and result-oriented implementation of the programmes is the key to success, thus providing a successful introduction of the programmes and co-operation with donor countries.

During the visit, it is planned that the delegation of Norway and Iceland will attend two places in Riga where the projects are being implemented – the Riga Art Nouveau Museum and the Museum of Rainis and Aspāzija.

In the period of 2009-2014, the planned funding for introducing the EEA and Norwegian Financial Mechanism in Latvia amounts to 67.5 million euros. Projects are being implemented by means of the programmes, and the purpose of investments is to eliminate social and economic inequality within the EEA as well as to strengthen bilateral relations between donor countries and a beneficiary country.

More information on the Financial Mechanism Programmes as well as information on open project competitions is available on the home page of the Financial Mechanism.

Photos from the annual meeting

Last changes in website:
25 February 2020

© Ministry of Finance. Info: grants@fm.gov.lv