The European Commission (EC) approved on April 26 a Romanian scheme worth EUR 91 million (RON 453 million) to support bovine, pigs and poultry producers in the context of the coronavirus pandemic.

Under the scheme, which was approved under the State Aid Temporary Framework, the public support will take the form of direct grants, the EC said in a press release. It will be open to companies of all sizes active in the bovine, pig and poultry sectors.

The measure aims to mitigate the liquidity shortages that the beneficiaries are facing and address part of the losses they incurred due to the coronavirus pandemic and the restrictive measures that the Romanian authorities had to implement to limit the spread of the virus, according to the EC.

“The Commission found that the Romanian scheme is in line with the conditions of the Temporary Framework. In particular, the aid will not exceed EUR 290,000 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 a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the Temporary Framework. On this basis, the Commission approved the scheme under EU State aid rules,” reads the press release.

irina.marica@romania-insider.com

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