European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Over BGN 2.5 B subsidies are expected to go into Bulgaria’s agricultural sector through European funds and the national budget in 2014.
The subsidies are set to increase competitiveness in the sector, as well as to cover outstanding payments to livestock breeders, writes Farmer.bg.
A further BGN 263.7 M is envisioned in grants through specialized state aid schemes for land owners, tobacco growers, and livestock breeders.
The mechanisms for maintaining the price stability for grains, meats, and others will remain in power.
The government will spend BGN 27.2 M for market support measures, while a further 62.4 M will come from the EU.
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The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
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