EU - Commission temporarily authorises Germany to grant limited amounts of aid of up to €15,000 to farmers
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1805&format=HTML&aged=0&language=EN&guiLanguage=ca
23-Nov-2009 (16 years 6 months 21 days ago)The European Commission has today authorised under EC Treaty State aid rules a German scheme worth some €100 million aimed at supporting farmers who encounter difficulties as a result of the current economic crisis. Data provided by German authorities show that the decrease in producer prices has led to an income foregone in the German agriculture sector of some €6 billion.
Aid under this new scheme can be granted until 31 December 2010 and will take the form of direct grants, interest rate subsidies, subsidised loans and subsidised guarantees. The German scheme is the first application of the amendment to the Commission's Temporary framework for state aid measures to support access to finance in the current financial and economic crisis.
Aid under this new scheme can be granted until 31 December 2010 and will take the form of direct grants, interest rate subsidies, subsidised loans and subsidised guarantees. The German scheme is the first application of the amendment to the Commission's Temporary framework for state aid measures to support access to finance in the current financial and economic crisis.