State aid: Commission authorises temporary Slovak scheme to grant limited amounts of aid of up to €15,000 to farmers

Published: 4 March 2010 y., Thursday

Kiaulė
The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis. Aid under this scheme can be granted until 31 December 2010 and will take the form of a direct grant. This scheme is a further application of the Commission's Temporary framework for State aid measures to support access to finance in the current financial and economic crisis, as amended at the end of October 2009 in order to allow Member States to grant limited amounts of aid to primary agricultural producers.

The scheme is open to farmers in all sub-sectors of primary agricultural production, provided they were not already in difficulty on 1 July 2008 (i.e. before the beginning of the crisis). It is limited in time until 31 December 2010 and complements other crisis measures already put in place by the Slovak authorities in application of the Temporary Crisis Framework. The scheme provides aid in the form of direct grant. It will be granted by the Minister of Agriculture of the Slovak Republic and administered by Agricultural Paying Agency.

The new Slovak scheme meets all the conditions of the Temporary Crisis Framework as amended. In particular, the Slovak authorities demonstrated that it is necessary, proportional and appropriate to remedy a serious disturbance in the economy. The Commission therefore considered that the scheme can be approved under Article 107(3)(b) of the Treaty on the Functioning of the European Union (former Article 87(3)(b) of the EC Treaty).

 

Šaltinis: europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

SNORAS Group company will become the largest shareholder of UAB “Lietuvos rytas”

On 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company. more »

ATMs service in Russia, Eastern Europe is focus of Intergam, The Bankers Exchange partnership

The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market. more »

Back to the ballot box

Lisbon treaty and financial supervision dominate debate at EU summit. more »

Obama unveils bank reform plans

In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary. more »

Gas Coordination Group, in the light of explanations given by Gazprom and Naftogaz, studies the measures possibly needed to secure next winter season's supplies

Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens. more »

Google to help reboot Mexico tourism

Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic. more »

Equality in a time of crisis

The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market. more »

US gun sales up

The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US. more »

Three years in a row does AS “Latvijas Krājbanka” receive the Deutsche Bank AG award for the outstanding quality of the outgoing payments

AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments. more »

Danske Bankas increases interest rate for fixed-term deposits in litas

Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients. more »