RRI Newsflash

Aid – The European Commission approved, on Friday, an aid scheme worth approximately 200 million Euros (985 million lei), notified by Romania to support processors of agricultural products, in the context of the war waged by Russia against Ukraine – shows a EC press release. The measure addresses, in particular, operators in the milling, oils and fats, dairy products and animal feed industries. The scheme aims to provide liquidity to eligible beneficiaries who are affected by the current geopolitical situation and the rising energy costs. The commission found that Romania’s framework aid scheme meets the stipulated conditions. Thus, the value of the aid will not exceed two million Euros per beneficiary, and the support is granted until December 31, 2023 at the latest.