EEA, Norway Grants ink new funding pact

OSLO, Sept. 12 (Xinhua) -- Norway, Iceland, Liechtenstein and the European Union (EU) signed an agreement Thursday on a new funding period for the European Economic Area (EEA) and Norway Grants.

For the 2021-2028 period, Norway, Iceland and Liechtenstein are providing 3.268 billion euro (3.62 billion U.S. dollars) to the EU's 15 least prosperous states. Norway provides roughly 97 percent of this funding.