The Commission of the European Union decided today [Tuesday] to confer the management of Sapard aid to the Slovak authorities.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This means that Slovakia can now begin the implementation of its Sapard programme. Under this scheme, Slovakia will now be entitled to €18.6m (US$16.4m) annually. Payment of the first advance can now be made (maximum 49% of the annual amount).
This first decision on the provisional conferral of management of aid covers the five main measures of the Slovak Sapard programme: “Investments in agricultural enterprises”, “Improvement of processing and marketing of agricultural and fish products”, “Diversification activities in rural areas, only investments not involving infrastructure”, “Forestry” and “Land consolidation”.
Franz Fischler, Commissioner for Agriculture, Rural Development and Fisheries, welcomed today’s decision. “I am glad that Slovakia can reap the financial benefit from its considerable efforts in preparing for the implementation of these innovative programmes. This money will help Slovakia to tackle priority problems in the field of agriculture and rural development. Sapard also gives Slovakia an opportunity to gain valuable experience for the future management of EU agriculture funds.”
For further information, click here.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
