EU go-ahead for Bulgarian aid for farming

EU go-ahead for Bulgarian aid for farming

The European Commission (EC) said on April 21 2010 that it was authorising a Bulgarian scheme with a 20 million leva budget aimed at supporting agricultural holdings active in the primary production, marketing and processing of agricultural products that are in difficulties because of the economic crisis.Aid under this scheme can be granted until December 31 2010 and will take the form of a direct grant, the EC said.The scheme is in line with the EC's temporary framework for state aid measures to support access to finance in the current financial and economic crisis, the Commission said.The scheme is open to all undertakings in the agricultural sector, provided they were not already in difficulty on July 1 2008, meaning, in the words of the EC, before the beginning of the crisis.The scheme provides aid in the form of direct grants.The aid may not be more than 15 000 euro for each undertaking."The notified scheme will be applied at national level and administered by the State Fund Agriculture," the EC said.The commission said that the scheme meets all the conditions of the temporary crisis framework."In particular, the Bulgarian authorities demonstrated that it is necessary, proportional and appropriate to remedy a serious disturbance in the economy," the EC said.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.