The European Fee has accepted a €5.7 million Cypriot scheme to assist sure farmers energetic within the livestock sector affected by the coronavirus pandemic and the restrictive measures that the Cypriot authorities needed to implement to restrict the unfold of the virus, in keeping with an announcement by the Fee.
The scheme, which is able to take the type of direct grants, will likely be open to pig, poultry, cow and rabbit farmers. The goal of the scheme is to assist beneficiaries deal with their liquidity wants.
The Fee discovered that the Cypriot scheme is in step with the situations of the Short-term Framework, for the reason that support is not going to exceed 290 thousand euros per beneficiary and will likely be granted no later than 30 June 2022.
The Fee concluded that the measure is critical, applicable and proportionate to treatment a critical disturbance within the financial system of a Member State, in step with Article 107(3)(b) TFEU and the situations set out within the Short-term Framework.
(CNA)