EC approves 164 mln euro state aid scheme for Romanian farmers

The aid was approved as part of the EC's broader efforts to provide support to sectors which are critical to the green transition amidst the crisis, as outlined in the Temporary Crisis and Transition Framework for state aid, the EC said in a press release on Friday.

The state aid scheme will offer direct grants of up to 280,000 euro per beneficiary, to farmers facing financial distress due to market challenges resulting from the conflict. All grants must be disbursed by June 30, 2024.

The financial support comes on the back of the EC's approval of a 56 million euro disbursement as part of the same programme in February.

($=0.9253 euro)