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

Election campaign in Bulgaria has started

At the launch of the election campaign for the upcoming extraordinary parliamentary elections on October 27, caretaker Prime Minister Dimitar Glavchev reported that the efforts of the executive power to eliminate distortion of the..

published on 9/27/24 3:27 PM

Bulgaria must send changes to the Recovery and Resilience Plan by October 20 in order not to lose funds

The changes to the Recovery and Resilience Plan must be sent no later than October 20, so that the European Commission can accept them and Bulgaria does not lose funds. This was stated at a briefing by the caretaker Minister of..

published on 9/27/24 2:55 PM

More than 250 types of wine participate in the Avgustiada Wine and Cultural Heritage Festival

More than 250 types of wine participate in this year's 12th Festival of Wine and Cultural Heritage Avgustiada in Stara Zagora. It opens tonight at 5:30 p.m. with a parade of the contenders for Queen Avgustiada, folklore groups and the..

published on 9/27/24 2:13 PM