Bulgaria: The EC approved state aid for producers of grain and oil crops to overcome the negative economic impact of Russian aggression against Ukraine

Canola Seed & Rapeseed

Barley

Published Mar 8, 2024

Tridge summary

The European Commission has sanctioned a state aid scheme to financially assist farmers and grain and oil crop producers in Ukraine, who have been economically impacted by Russian aggression. The scheme, which has a maximum budget of BGN 120 million, will provide direct grants to partially compensate for the farmers' losses. Each enterprise involved in the primary production of agricultural products can receive up to EUR 280,000. The application period for this scheme will run from March 20 to April 9, 2024.

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Original content

The European Commission has today approved a state aid scheme "Aid to support the liquidity of farmers, producers of grain and oil crops, to overcome the negative economic impact of Russian aggression against Ukraine" (SA.112832 (2024/N)), developed under The time frame for crisis and transition state aid measures to support the economy following Russia's aggression against Ukraine. The measure has a maximum estimated budget of up to BGN 120 million and is aimed at farmers from primary agricultural production - producers of grain and oil crops (wheat, barley, rapeseed, corn and sunflower). The aid is provided in the form of direct grants to cover part of the farmers' losses. The support is needed to mitigate the negative effects of Russian aggression against Ukraine, the sanctions imposed and the retaliatory measures taken, and to ensure the continuity of economic activity. The maximum intensity is up to EUR 280,000 per enterprise active in the primary production of agricultural ...

Source: Government.bg