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BGN 15 Bln to flow into Bulgarian agriculture during EU’s 2014-2020 Programming Period

February 10, 2014


Some BGN 15 billion will flow into Bulgarian agriculture during the EU's 2014-2020 programming period, Agriculture and Food Minister Dimitar Grekov told journalists in Dobrich. This will include BGN 10.5 billion in direct payments and the rest in funding under a new Rural Development Programme to be launched in June, Grekov said. Efforts during the new programming period are focused on encouraging farmers to sell less raw inputs and more value-added products. Farmers are therefore looking to animal husbandry, he said. Over the next few years support will be provided to producers of intensive farming crops. Ways are being sought to give such farmers an additional boost by allocating higher levels of aid for the "first hectares" of their holdings. More support will be extended to the food industry by setting up commodity exchanges which farmers will use for direct sales, Grekov said.