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European Commission approves € 50m Greek program to support livestock sector

The European Commission has approved a 50m-euro Greek program to support the livestock sector in the context of Russia’s invasion of Ukraine. The program was approved on the basis of the Interim State Aid Crisis Framework, adopted by the Commission on 23 March 2022, pursuant to Article 107 (3) (b) of the Treaty on the Functioning of the European Union (TFEU), recognizing that the EU economy is experiencing a serious disorder.

Executive Vice President Margaret Vestager, who is in charge of competition policy, said that “this € 50 million program will allow Greece to support farmers affected by rising input costs due to the Russian invasion of Ukraine and “We continue to support Ukraine and its people. At the same time, we continue to work closely with the Member States to ensure that national support measures can be implemented in a timely, coordinated and effective manner, while protecting a level playing field in the single market.” .

The Greek measure

Greece has notified the Commission, under the provisional crisis framework, of a € 50 million scheme to support the livestock sector in the context of Russia’s invasion of Ukraine.

Under this measure, the aid will take the form of direct grants.

The measure will target companies operating in the livestock sector and affected by rising input costs due to the current geopolitical crisis.

Eligible beneficiaries will be able to receive an amount of aid equal to (i) 2% of turnover for VAT purposes in 2021, or (ii) 2% of their gross income in 2020, depending on whether or not they were subject to VAT in 2021.

The Commission found that the Greek regime complied with the conditions laid down in the provisional crisis framework. In particular, the aid i) will not exceed EUR 35 000 per beneficiary and (ii) will be granted by 31 December 2022 at the latest.

The Commission has concluded that the Greek regime is necessary, appropriate and proportionate to remove a serious disturbance in the economy of a Member State, in accordance with Article 107 (3) (b) TFEU and the conditions laid down in the provisional crisis framework.

On this basis, the Commission approved the aid measure under EU State Aid Rules.

Source: Capital

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