Bulgaria May Lose EUR 100 M in Rural Development Subsidies

Politics » BULGARIA IN EU | September 16, 2012, Sunday // 15:49
Bulgaria: Bulgaria May Lose EUR 100 M in Rural Development Subsidies Rumen Porozhanov, executive director of the State Fund Agriculture (SFA). Photo by BGNES

Bulgarian stock breeders will be paid a total of BGN 120 – 140 M under all schemes related to livestock breeding in the period October 15 , 2012 – January 31, 2013, according to Rumen Porozhanov, executive director of the State Fund Agriculture (SFA).

Speaking Sunday in an interview for the Bulgarian National Rado (BNR), he specified that the payments were essential for stock breeders due to the dry spells in the summer and the scarce feed supplies.

Porozhanov noted that all of the agro-ecological payments (BGN 140 M, or double the amount absorbed in 2011) would be paid out in December.

"The largest share is of direct payments, which amount to EUR 500 M, with 5% of them earmarked for stock breeders. The remaining sum will go to agricultural producers with farmlands. They will get BGN 26.40 per decare," the SFA head stated.

"58% of the money granted under the Rural Areas Development Program has been contracted and 40% has been paid out," Porozhanov made clear.

He drew attention to the fact that a sum of EUR 350 M had to be paid out by end-2012 or the country would lose the money.

The SFA head warned that there was a risk of Bulgaria losing up to EUR 100 M under the Rural Development Program.

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Tags: State Fund Agriculture, SFA, rural areas, Rural Development Program, EU funds, livestock breeding
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