Bulgaria to allocate 51.1 mln euro of EU funds to support farmers

Bulgaria to allocate 51.1 mln euro of EU funds to support farmers

Bulgaria will support local farmers hit by the coronavirus crisis through the allocation of some 100 million levs ($57.4 million/51.5 million euro) under EU's operational programme Rural Development 2014-2020, the agriculture ministry said.

Farmers will be able to apply for financing under the support measure, starting from the end of July or the beginning of August, agriculture minister Desislava Taneva said in a statement.

The measure aims to compensate agriculture producers and small and medium-sized enterprises active in the initial processing of agricultural products that have registered losses in the last few months as a result of the coronavirus pandemic, Taneva said.

The distribution of funds will begin in September and will end will last until the beginning of October, Vasil Grudev, executive director of State Fund Agriculture, said in the statement.

 

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