Green light of the European Commission to the Ministry framework scheme
The European Commission gives the green light to the Italian framework scheme notified by the Ministry of Agriculture, Food and Forestry, which provides 1.2 billion euros in support of agriculture, forestry, fisheries and aquaculture to reduce the impact on the national economy by the Russian invasion of Ukraine.
The compensation shall be granted to the enterprises affected by the rise of electricity, feed and fuel prices caused by the current crisis, and shall take the form of direct grants, tax relief or payment, repayable advances and a reduction or exemption from the payment of social security and welfare contributions.
For each enterprise active in the primary, fisheries and aquaculture sectors, the maximum aid ceiling is 35,000 euros while for companies active in the forestry, processing and marketing sectors is recognised a maximum compensation of 400,000 euros.