Brussels, 30/09/2008 (Agence Europe) - Ruling by unanimity, the EU Council of Ministers reached a political agreement on Monday 29 September in favour of emergency state aid being granted by the Cypriot authorities to attenuate the consequences of the 2007-2008 drought on the agricultural sector. The aid, of up to €67.5 million, is considered “compatible with the common market”. It will benefit 34 000 farmers and 3 000 livestock farmers.
Two years running, Cyprus has experienced the...