Posted on Aug 17, 2022
The European Commission has approved a €218 million (BGN 426 million) Bulgarian scheme to support certain agricultural producers in the context of Russia's invasion of Ukraine.
The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended on 20 July 2022, based on Article 107(3)(b) of the Treaty on the Functioning of the European Union (‘TFEU'), recognising that the EU economy is experiencing a serious disturbance.
Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The agricultural sector has been hit particularly hard by the increases of energy prices and other input costs caused by Russia's invasion of Ukraine and the related sanctions. This €218 million scheme approved today will enable Bulgaria to support farmers affected by the current geopolitical crisis. We continue to stand with Ukraine and its people. At the same time, we continue working closely with Member States to ensure that national support measures can be put in place in a timely, coordinated and effective way, while protecting the level playing field in the Single Market.”
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