EUR 166 M to be Given for Bulgaria's Vine and Wine Sector

Business | February 23, 2009, Monday // 00:00
Bulgaria EUR 166 M to be Given for Bulgaria's Vine and Wine Sector: EUR 166 M to be Given for Bulgaria's Vine and Wine Sector The Deputy PM, Meglena Plugchieva, and the Minister of Agriculture and Food, Valeri Tsvetanov, announced the launch of the Bulgaria's National Program for Support of the Vine and Wine sector on Monday. Photo by BGNES

The Bulgarian government has granted EUR 166 M to the National Program for Support of the Vine and Wine sector.

This was announced by the Deputy PM, Meglena Plugchieva, and the Minister of Agriculture and Food, Valeri Tsvetanov, at the official opening of the program Monday.

The program will continue until 2013, and the farmers who participate in it must have at least 1 decare of vineyards. They must declare participation in the program until June 1 every year.

The funding is stipulated in three measures, Plugchieva explained. The first measure is for restructuring of vineyards, which is not a new measure for the vine and wine sector in the European Union.

The second measure is connected with promotion of Bulgarian wines in other countries. Plugchieva also added that the Bulgarian wine producers would have the chance to take part in numerous international fairs, and advertise their products.

The third measure will allow financing for insurance of the harvest. "It is about time for Bulgarian farmers to develop tradition in insuring their harvest", Meglena Plugchieva said.

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