Brussels, 10/02/2011 (Agence Europe) - On Thursday 10 February, the European Commission authorised a Romanian scheme with a budget of RON 120 million (around €30 million) which seeks to help farmers experiencing difficulties as a result of the current economic crisis find access to credit. Aid under this scheme is limited in time and takes the form of subsidised loans. This scheme is an application of the Commission's temporary framework for business access to finance during the crisis adopted in December 2010.
The scheme is open to farmers active in the primary agricultural production, provided they are not in difficulty. It is limited in time, as aid can be granted for loan contracts signed by 31 December 2011 and covers interest paid until 31 December 2013. The Romanian scheme meets all the conditions of the temporary crisis framework adopted in December 2010. (L.C./transl.rt)