Contracts Absorbing EU Funding Exceeding 19 Million Leva Signed under Rural Development Programme

Contracts Absorbing EU Funding Exceeding 19 Million Leva Signed under Rural Development Programme

Executive Director of the State Agriculture Fund (SAF) Kalina Ilieva signed Friday 49 new contracts under the Rural Development Programme in which the European funding totals 19.4 million leva, SAF said in a press release.

The grant aid will finance investments in are in the area of food processing, modernization of farms and development of rural tourism, Ilieva said.

There are four projects of processing factories, where the total approved subsidy is 9.1 million leva, 30 projects for creation and development of micro enterprises where the approved subsidy is 7.3 million leva, and 15 projects for modernization of farms worth nearly 3 million leva.

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