The European Commission has approved a € 31.5 million Greek program to support certain agricultural producers affected by the coronavirus pandemic and restrictive measures implemented to curb the spread of the virus. The scheme was approved under the Provisional Framework for State Aid.
Under the scheme, public support will take the form of direct grants. The measure concerns agricultural producers of figs, lavender, olives, industrial and autumn potatoes, mandarins and tobacco.
The goal of the program is to help beneficiaries meet their liquidity needs and continue their activities during and after the pandemic. The Commission found that the Greek regime complied with the terms of the Provisional Framework. In particular, the aid (i) will not exceed EUR 290,000 per beneficiary and (ii) will be granted no later than 30 June 2022.
SOURCE: AMPE
Source: Capital
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