Financier

2009-2014 SEE Grants

The European Economic Area (EEA) was established in 1994, as an area of free trade between the European Community and the European Free Trade Association (EFTA). EES reunites the countries members in the European Union (EU) and 3 of the EFTA countries (Norway, Iceland and Liechtenstein), in an internal market based on the free circulation of merchandise, people, services and capital.

On July 28th 2010, an agreement between the European Union and the donor countries (Norway, Iceland and Liechtenstein) has been signed, for the creation of the Financial Mechanism SEE 2009-2014 regarding the undue financial assistance offered in the period 2009-2014.

Through this financial mechanism, Romania will benefit from a financial assistance in total value of 190.75 mil Euros. The SEE 2009-2014 Financial Mechanism tries to contribute to the decrease of social and economic disparities in the EEA and to the consolidation of relationships between the donor countries and the beneficiary ones, by intervening in certain priority areas.

RO10 – CORAI and RDSF

Starting with 2013, the Romanian Social Development Fund (RDSF) has been designated Program Operator for the RO10 Program “Children and young people at risk, regional and local initiatives to reduce national inequalities and promote social inclusion – CORAI”, financed through the SEE Grants 2009-2014, in partnership with the European Council.
established by Law 129/1998, contributed to the administration of six grant schemes, targeting mostly poor and isolated communities, especially in rural areas, and participated in the actual projects implementation of local, sectoral, or national interest. The absorption rate of funds managed by RSDF is 98% and donors’ assessment regarding quality of management and interventions reached in the level “highly satisfactory”.

The main areas of involvement of the RDSF are: social inclusion (with focus on Roma communities), socio-economic development, equal opportunities, poverty alleviation and community development.