€330 Mln to Maintain the EU Common Agricultural Policy

by Meifan Honcharuk
Wednesday, June 28, 2023
€330 Mln to Maintain the EU Common Agricultural Policy

The EU allocates €100 mln to support farmers in Bulgaria, Hungary, Poland, Romania and Slovakia

On June 26, the European Commission published information on an increase in the common agricultural policy budget for 22 EU countries by €330 million. The funds compensate for the losses of local agricultural enterprises from disastrous weather, high production costs and economic issues. Additionally, €100 million was allocated to help farmers in 5 countries that cannot compete with grain from Ukraine and suffer losses:

  • €39.33 million — Poland;
  • €29.73 million — Romania;
  • €15.93 million — Hungary;
  • €9.77 million — Bulgaria;
  • €5.24 million — Slovakia.

Financial support should be credited to countries' budgets before the end of this year.

Today, import restrictions are set for Ukraine in these countries. They will presumably be cancelled on September 15, 2023. The European Union continues to work on finding and implementing ways for optimal trade with Ukraine within the Solidarity Lanes.

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