EC approves EUR 91 mln Romanian scheme in support of farmers
The European Commission approved a EUR 91 million Romanian state aid scheme in support of bovine, pig and poultry producers affected by the COVID-19 pandemic, the Commission said on Tuesday.
The aid will be dispatched in the form of direct grants not exceeding EUR 290,000 per beneficiary and no later than June 30, the Commission said.
The measure is aimed at reducing the liquidity issues faced by farmers as a result of the measures taken by the Romanian government to curtail the spread of the coronavirus.
Of the total support package, bovine farmers will get RON 170 million, RON 167 million have been allocated to swine farmers, while poultry producers are entitled to RON 116 million.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.