Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Young farmers protest against lack of finance for their projects

Photo: BGNES

Over two thousand projects prepared by young Bulgarian farmers will not receive financing under the EU Rural Development Operational Programme and those who took bank loans to finance the projects are to face bankruptcy, announced the informal Bulgarian organization entitled Cause Young Farmer. For over one year now young Bulgarian farmers have been hoping that their projects would be approved under Measure 112 -Setting Up Young Farmers in Europe. The farmers prepared over 2,700 projects and most of them took bank loans in order to finance them, as the former Bulgarian government promised to provide access to Measure 112. Now it turns out that most young Bulgarians do not have money to pay back their bank loans. The measure is to come into effect in January next year and its budget is still unclear. Thus, some 2,100 projects will fail and their authors would not be able to apply for money under this program anymore.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Every year, 800 thousand Bulgarians seek seasonal work abroad

About 800 thousand Bulgarians migrate every year as seasonal workers. This was stated by Valentina Vasilyonova, President of the Federation of Independent Trade Unions in Agriculture at CITUB.  According to her, north-west Bulgaria (the poorest..

published on 5/2/24 3:31 PM

One in two Bulgarians actively looking for a better paid job, a survey shows

54% of employees in Bulgaria say they are looking for a new job while they are in their current position , and the main reason for this is the pursuit of a higher salary.  This is according to a survey by a Bulgarian start-up company that connects..

published on 5/2/24 2:13 PM
Lawyer Mariya Sharkova

A new private children's hospital would exacerbate the problem of understaffing, says lawyer

The Cabinet's decision to establish a private children's hospital, which was cancelled last night, was taken under conditions of an information blackout, lawyer Mariya Sharkova, a member of the Public Council for the Construction of a National..

published on 5/2/24 2:03 PM