December 20 (SeeNews) - Bulgaria will disburse on Wednesday the final tranche of 39.3 million levs ($22 million/20.1 million euro) of EU-backed grants to support farmers in withstanding the economic fallout from the war in Ukraine, the agriculture ministry in Sofia said.
The funds, to be disbursed by the agricultural state fund, will be capped at 280,000 euro per beneficiary, the ministry said in a press release on Tuesday.
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Previously, the individual aid limit amounted to 250,000 euro. In November, the European Commission increased the aid ceiling to 280,000 euro and extended until June 2024 the deadline for the implementation of the temporary framework of economic support measures following Russia's aggression against Ukraine.
Earlier in December, the Bulgarian state agricultural fund disbursed another 5 million levs to agricultural producers who had reached the maximum amount of aid received under the previous aid ceiling.
The European Commission approved in March a Bulgarian state aid scheme of about 109 million euro in total to support farmers in the context of Russia's war against Ukraine.
(1 euro = 1.95583 levs)