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Green from the EU in a Cypriot aid program for stockbreeders

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The European Commission has approved a € 5.7 million Cypriot program to support some farmers active in the livestock sector affected by the coronavirus pandemic and the restrictive measures to be taken by the Cypriot government to curb the spread of the virus. .

The program was approved under the Provisional Framework for State Aid. Under this program, state aid will take the form of direct grants. The measure is aimed at breeders of pigs, poultry, cows and rabbits. The goal of the program is to help beneficiaries meet their liquidity needs and help them to continue their activities during and after the pandemic. The Commission found that the Cypriot program complied with the terms of the interim framework. In particular, the aid (i) will not exceed EUR 290,000 per beneficiary; and (ii) will be granted by 30 June 2022 at the latest. The Commission in accordance with Article 107 (3) (b) TFEU and the conditions laid down in the provisional framework. On this basis, the Commission approved the program on the basis of EU state aid rules. More information on the interim framework and other measures taken by the Commission to address the economic impact of the coronavirus pandemic is available here. The non-confidential version of the decision will be published under case number SA.101098 in the State Aid Register on the Competition Commission's website as soon as any confidentiality issues are resolved.

Source: www.philenews.com

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