More than 214 million euros in European Economic Area (EEA) and Norway Grants will be made available to Hungary under agreements signed with the representatives of donor countries Norway, Iceland and Lichtenstein on Monday, the Ministry of Innovation and Technology said.
Hungary will be benefiting from EEA and Norway Grants funding for a third funding period, the ministry told MTI. Counting the government’s 11 billion forint contribution to the grants, Hungary will have access to more than 86 billion forints’ worth of development funds, it added. A significant portion of the funds will be allocated towards projects related to energy and climate change. Business developments and innovation will also receive significant support, the ministry said. Improving the living standards of disadvantaged social groups, particularly the Roma community, will also be a key aim when distributing the funds, it added.
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