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The EU approved aid of 400 million euros for Romanian farmers affected by severe drought

by AI | 24.Oct 2024 | Europe in brief AI

Romanian farmers affected by drought will benefit from aid in the form of direct grants

Sunflower crops compromised due to drought (c) ALEX TUDOR / AGERPRES FOTO

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Brussels – The European Commission approved on Thursday a Romanian state aid scheme worth two billion lei (400 million euros), aimed at compensating farmers for losses suffered due to severe drought during the period September 2023 – August 2024, informs a communication from the Community Executive.

The scheme is open to agricultural producers who have been directly affected by the severe drought, for 39 crops (such as wheat, triticale, barley, oats, rapeseed, sunflower, and corn). To benefit from aid, agricultural producers must have lost at least 30% of their crops during the period between autumn 2023 and summer 2024 due to the drought.

According to the scheme approved by the Community Executive, the aids will be in the form of direct grants. The support is a maximum of 1,000 lei (200 euros) for each hectare in the case of 100% losses, and it will not exceed 30% of eligible costs. The aids will be granted until December 31, 2024.

The Commission concluded that the measure is necessary, adequate, and proportionate to remedy a serious disturbance in the economy of a Member State, in accordance with the TFEU and the conditions provided in the temporary framework. (24.10.2024)



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