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Press release1 March 2022Representation in Cyprus

State aid: Commission approves €5.7 million Cypriot scheme to support certain farmers active in the livestock sector affected by the coronavirus pandemic

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The European Commission has approved a €5.7 million Cypriot scheme to support certain farmers active in the livestock sector affected by the coronavirus pandemic and the restrictive measures that the Cypriot government had to implement to limit the spread of the virus. The scheme was approved under the State Aid Temporary Framework. Under the scheme, the public support will take the form of direct grants. The measure will be open to pig, poultry, cow and rabbit farmers. The aim of the scheme is to help the beneficiaries address their liquidity needs and to help them continue their activities during and after the pandemic. The Commission found that the Cypriot scheme is in line with the conditions of the Temporary Framework. In particular, the aid (i) will not exceed €290,000 per beneficiary; and (ii) will be granted no later than 30 June 2022. The Commission concluded that the measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the Temporary Framework. On this basis, the Commission approved the scheme under EU State aid rules. More information on the Temporary Framework and other actions taken by the Commission to address the economic impact of the coronavirus pandemic can be found here. The non-confidential version of the decision will be made available under the case number SA.101098 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.

Details

Publication date
1 March 2022
Author
Representation in Cyprus