Bulgaria Tobacco Growers to Receive BGN 116 M EU Subsidy

Business | January 17, 2010, Sunday // 19:24| Views: | Comments: 0
Bulgaria: Bulgaria Tobacco Growers to Receive BGN 116 M EU Subsidy Flashback to the vocal protests of tobacco growers in December. The slogan reads: "Tobacco has saved Bulgaria". Photo by BGNES

The European Commission has authorized the payment of BGN 116 M to Bulgaria's tobacco producers for the 2009 crop.

Minister of Agriculture Miroslav Naidenov made the announcement on Sunday at an impromptu press conference at Sofia airport on his return from Berlin.

Naidenov added that he had received the news late on Saturday night in a letter from Jean-Luc Demarty, EC General Director of Agriculture and Rural Development.

Naydenov had already spoken to Prime Minister Boyko Borisov and Finance Minister Simeon Djankov. They have committed themselves to distributing the funds as soon as possible.

According to the Agriculture Minister, the funds will probably be paid during the first quarter of 2010, or at the latest in the second quarter. It should become clear exactly how the subsidies will be allocated, following a meting on Thursday of the Board of Directors of the Tobacco Fund.

On December 22, 2009, following days of protests by the tobacco growers, Miroslav Naidenov, Minister of Agriculture, had promised that he would urgently request the payment of BGN 116 M in tobacco premiums.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: tobacco growers, subsidies, Miroslav Naidenov, Simeon Djankov, Boyko Borisov
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria