EC approves additional 213M leva in state aid for Bulgarian farmers
The European Commission has approved 213 million leva, or about 109 million euro, in state aid for Bulgarian agricultural producers in the context of Russia’s invasion of Ukraine.
This funding is in addition to the 426 million leva approved by the Commission last year, and comes after the EU extended its temporary state aid framework earlier this month.
The proposed scheme is aimed at assisting micro, small and medium-sized companies by compensating “part of the additional production costs
incurred in light of the price increase of energy and other inputs and to help them overcome their financial difficulties linked to the current crisis,” the EC said in a statement.
The specific agricultural products targeted by the scheme are fruits, vegetables, rice and cultivated mushrooms, as well as livestock farmers. Funding would be disbursed in the form of direct grants.
Unlike the previous scheme, in which grants for eligible beneficiaries were capped at 62 000 euro, the maximum amount this time is 250 000 euro. The funding must be granted by December 31.
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