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EU OKs €12M Lithuanian Scheme Supporting Poultry Production Affected By Coronavirus

By  |  October 19, 2020
EU

The European Commission has approved a €12 million (US$14.12 million) Lithuanian scheme to support companies active in the poultry production and processing sectors that have been particularly affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework. The public support, which will take the form of direct grants, will be open to poultry producers and to poultry processing companies. 

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    The aid aims at ensuring sufficient working capital for those primary producers that suffered losses of at least 5% in total average income in October 2020 compared to October 2017-2019 and processing companies that suffered losses of at least 5% in total average income from July to September 2020, compared to the same period in years 2017-2019. The purpose of the scheme is to help the beneficiaries address their liquidity needs and continue their activities during and after the outbreak.

    On this basis, the Commission approved the measures under EU State aid rules.

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