The EU set a Gas Price Ceiling of 180 euros/MWh
The energy ministers of the EU member states have agreed on the exchange price of gas and are introducing a ceiling of 180 euros/MWh
The Bulgarian Association of Agricultural Producers (BAAP) has opposed plans of the government to impose a EUR 300 000 cap on the annual amount of area-based direct payments.
The BAAP said in a media statement on Sunday that it backed the proposal for a progressive decrease in the amount of subsidies under the new Common Agricultural Policy (CAP) as it was more a balanced solution for farmers from all categories.
The BAAP, as cited by mediapool.bg, added that it had not taken part in a working group formed to discuss the new direct payments.
The Association expressed support for the scenario envisaging a progressive decrease in the amount of subsidies under which sums of EUR 150 000 – 300 000 were to be reduced by 5% and sums of over EUR 300 000 by 10%, with the expenses for salaries, social security payments and taxes had to be deducted prior to the decrease.
The BAAP said that this scenario included detailed calculations by experts at the Agriculture Ministry in order to ensure a fair and objective decrease in subsidies for small, medium and big farms.
The BAAP also noted that no analysis had been provided by the Ministry or by professional organizations of the impact of the proposal for a EUR 300 000 annual ceiling on subsidies.
The BAAP cautioned that the adoption of the subsidy cap did not mean that the free resources would be used for direct aid for vulnerable sectors ad EU rules required that the remainder be transferred to the Rural Development Program.
The Association insisted that Bulgaria was not supposed to restrict development opportunities for large-scale agricultural producers. It also warned that the cancelation of subsidies above the EUR 300 000 ceiling could be a disincentive for large-scale agricultural businesses which could trigger refusals to process the land plots.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Passengers can now book tickets for attractions, museums, tours, sports matches, live events and theater performances through the Wizz Air website and app
It's that time of year when the sun rises earlier, the days are warmer, and the desire for rest and adventure calls more and more often
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
In a significant stride towards enhancing connectivity between Turkey and Bulgaria, the launch of direct flights between Istanbul and Sofia marks a milestone in air travel
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022