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Expected loss of some EUR 100 mln. in EU funding

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Caretaker Minister of Agriculture and Food Vassil Grudev stated that there is going to be a loss of EU funding under the EU Rural Development OP. The expectations are that in the end of the year the losses will amount to EUR 70 – 98 mln., he went on to say. On 1 August 2014 more than EUR 347 mln. marked a potential loss risk, the minister reminded. At the moment the assessments for losses under the Programme for Maritime Affairs and Fisheries are to the tune of about EUR 1.8 and this money won’t be absorbed by the end of the year.




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