THE MEMORANDUM`S OF UNDERSTANDING ON THE IMPLEMENTATION OF THE EEA AND NFM FM 2009-2014 WERE SIGNED

On 17 of June 2011, the Memorandum of Understanding on the Implementation of the Financial Mechanism of the European Economic Area 2009-2014 between the Republic of Bulgaria and Iceland, the Principality of Liechtenstein and the Kingdom of Norway and the Memorandum of Understanding on the Implementation of the Norwegian Financial Mechanism 2009-2014 between the Republic of Bulgaria and The Kingdom of Norway were signed. The overall objective of the two financial instruments is to reduce the economic and social disparities in the European Economic Area and to strengthen the bilateral relations between the donor countries and Bulgaria.