May 4, 2022
Scheme to help Romania's bovine, pig and poultry producers approved by European Commission
The European Commission has approved a €91 million (US$96 million) scheme to support Romania's bovine, pigs and poultry producers in the context of the pandemic.
The scheme was approved under the State Aid Temporary Framework. Under the scheme, the public support will take the form of direct grants. The measure is aimed at mitigating the liquidity shortages that beneficiaries in Romania are facing and at addressing part of the losses they incurred due to the pandemic and the restrictive measures that authorities had to implement to limit the spread of the virus.
The scheme will be open to companies of all sizes active in the bovine, pig and poultry sectors. The European Commission found that the Romanian scheme is in line with the conditions of the Temporary Framework. In particular, the aid will not exceed €290,000 (US$305,000) per beneficiary and will be granted no later than June 30, 2022.
The commission concluded that the measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of Romania.
- European Commission