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
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
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!
According to the National Statistical Institute, the overall business climate indicator in March 2024 remains stable compared to February, hovering around 23%
The concessionaire company Fraport Twin Star Airport Management announced that Burgas Airport will kick off the active flight season with its first flight since Bulgaria's entry into the Schengen area by air, scheduled for the end of March.
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion
"Bulgarian Railways" (BDZ-Passenger Services EOOD) has inked a contract with Deutsche Bahn for the supply of 76 state-of-the-art passenger wagons
After nearly a decade-long absence, the renowned French retail chain Carrefour has made a triumphant return to Bulgaria, marking its comeback with the opening of two supermarkets in Sofia
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022