Treasury loan to subsidise farmers
05.12.2011
The Government has decided to allot a treasury loan amounting to some 311 million Euros in order to pay farming subsidies on time. Out of the total amount, 149 Euros will be advance per-surface payments for 400,000 farmers. These sums will later be recouped from the European Union’s payments.
The total EU funds amount to 1.4 billion Lei (the equivalent of 311 mln EUR), for 405,000 farmers, out of which 149 million are the 42 Euros advance of per-surface payments, and the rest in order to continue direct payments.
Keywords: agricultureloansTreasurysubsidiesper-surface paymentsEuropean fundsfarmers