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

China reaffirms 8% growth

China's premier told the National People's Congress Thursday that the nation expects to achieve 8 percent economic growth this year. more »

Commission calls on EU leaders to stay united against the crisis

The European Commission is calling on EU leaders to further step up coordinated European action to fight the economic crisis. more »

In Geneva, car makers face crisis

Biggest auto bosses except some changes in the car market, but despite this optimism, many say this could be last large-scale car show for several years. more »

DnB NORD Bankas revises deposit rate for corporate customers

Taking into account changes in domestic money market AB DnB NORD Bankas, a member of international financial group, has changed corporate time deposit rates. more »

Cigarette tax at least €1.50 per pack from 2014

A gradual increase in minimum tax rates on cigarettes, to at least €1.50 per pack by 2014, and other tobacco products, was backed by the Economic Affairs Committee on Monday, but it advocated smaller increases than those proposed by the Commission. more »

Belgian postal workers strike

About 2,000 Belgian postal workers marched in the centre of Brussels to protest over plans to privatise and reorganise the Belgian postal sector. more »

Iceland, other Nordic states cast an eye towards EU

In October last year Iceland suffered the most severe economic crash of any country during peacetime. more »

ATM industry site says acquisitions in the ATM space on the rise

ATMPortfoliosForSale.com, a site dedicated to the buying and selling of ATM businesses and portfolios, is reporting a drastic increase in ATM portfolio acquisitions. more »

Egg donors rise as U.S economy falls

As the United States economy sinks further into recession fertility clinics have seen more women offering to donate their eggs for cash windfalls of up to 10,000 (USD). more »

Heading off the next credit crunch

A group of financial experts has put forward 18 detailed recommendations to strengthen supervision of the EU’s financial institutions and markets. more »