Romania receives 11.1 million Euro through a 500-million Euro EU programme to support farmers

Farmers in Romania will benefit from funding of 11.1 million Euro from the European Commission, within a programme totalling 500 million Euro, intended to support European farmers affected by lower prices of pork and dairy, drought and Russian embargo

2015-10-18 18:57:48 - From the Print Edition

The European Commission (EC) presented the 500 million Euro programme at an extraordinary Council of Agriculture Ministers held in early September. "This package will allow for 500 million Euro of EU funds to be used for the benefit of farmers immediately," said Jyrki Tapani Katainen, the EC Vice-President for Jobs, Growth, Investment and Competitiveness within a press release. "This is a robust and decisive response. This response demonstrates that the Commission takes its responsibility towards farmers very seriously and is prepared to back it up with the appropriate funds. This is particularly important given other competing budgetary demands." The package should address the cash flow problems farmers are facing, stabilise agricultural markets and address the functioning of the supply chain, according to the same press release issued by the Commission.
Germany will receive the largest share of funds in the amount of 69.2 million Euro, followed by France (62.9 million Euro), UK (36.1 million Euro), and the Netherlands (29.9 million Euro). Poland will see 28.9 million Euro, Spain – 25.5 million Euro and Belgium – 13 million Euro. In Central and Eastern Europe, the Czech Republic will benefit from 13 million Euro to support farmers, Hungary – 9.5 million Euro and Lithuania – 12.6 million Euro.