European Commission approves 300m-euro Romanian scheme

Sursa: Pixabay

On 25 May 2022, the European Commission announced that it has decided, under the Temporary Framework to support the economy in the context of the COVID-19 outbreak, to approve a Romanian scheme to support agri-food entities.

Under the scheme, public support will take the form of direct subsidies of up to 120,000 euros, according to a European Commission press release, and will run until June 30 2022.

It will be accessible to small and medium-sized enterprises operating in agriculture, fisheries, aquaculture and the food industry. The measure aims to alleviate the liquidity crises that these companies face and address some of the losses they have suffered due to the coronavirus pandemic and the restrictive measures that the Romanian authorities have had to implement to limit the spread of the virus.

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