The EEA Financial Mechanism and the Norwegian Financial Mechanism
The EEA Financial Mechanism and the Norwegian Financial Mechanism (i.e., the so-called EEA and Norway Grants) represent a form of non-returnable foreign aid granted by Iceland, Norway and Liechtenstein to new EU members – dozen or so Central and Southern European countries and the Baltic states. The said funds are correlated to Poland’s accession to the EU and the simultaneous accession of Poland to the European Economic Area (which is made up of the EU countries as well as Iceland, Liechtenstein and Norway). In return for the financial aid provided, the donor countries enjoy access to the EU internal market, notwithstanding they are not its members.
The primary goal of the Norwegian Grants and the EEA Grants is to contribute to reducing economic and social differences within the EEA and to solidify bilateral relations between the donor countries and beneficiary countries.
source: Norwegian and EEA Grants, more details at www.eog.gov.pl