Use of the euro

The ERDF-funding is handled in EUR meaning that all partners budgets and reports must be in EUR. And even though the Norwegian IR-funding will be handled and paid in NOK also the Norwegian figures needs to be converted into EUR, for comparison regarding the joint application submitted in Min Ansökan.

• Swedish SEK shall be converted into EUR with the official exchange rate from the EU-commission applicable at the time of submission of the application.

Here you can find the EU-commission official exchange rate

• Norwegian NOK shall be converted into EUR with fixed exchange rate of 10 NOK = 1 EUR.