World Bank Grants Ukraine 1.5 Billion Tranche
Ukraine's Prime Minister Denys Shmyhal announced on Friday that the country has obtained a $1.5 billion tranche from the World Bank program
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The European Commission on Tuesday unveiled the details of its EUR 500M support programme for European farmers affected by the Russian ban on food imports from the West.
The support package, which was announced last week, “is a significant statement of support by the Commission for European agriculture,” the Commissioner for Agriculture and Rural Development Phil Hogan said in a statement.
The scheme provides for a “fair, targeted and effective” allocation of EUR 420M in aid to farmers in all EU member states to address problems in the dairy and pigmeat sectors, while allowing those countries maximum flexibility in targeting the aid, according to the statement.
One of the key aims of the Commission's package is to stabilise the markets in an effective manner, Hogan told an informal Council of Agriculture Ministers.
A key element of the package will be the introduction of a new and improved private storage scheme for skimmed milk powder and cheese and a new private storage scheme for pigmeat.
The measure aims “to provide real market stability by withdrawing a sufficient volume of product from the market and for a sufficient period of time to allow the market to recover,” Hogan said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
France has announced plans to expedite the production and delivery of essential military equipment to support Ukrainian forces
In a sobering assessment of the current geopolitical landscape, Polish Prime Minister Donald Tusk has sounded the alarm, cautioning that Europe is entering a "pre-war era"
The Czech Republic has revealed the dismantling of a vast network of Russian influence spanning across Europe, with Bulgaria among its targeted countries
The European Prosecutor's Office in Sofia has taken legal action against an individual suspected of fraudulent activities involving European subsidies, as announced by the Luxembourg-based institution
German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities
Eurostat's recent publication on Wednesday showed insights into hourly labour costs across the European Union (EU) in 2023, indicating a notable rise compared to the previous year
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022