Agriculture Ministry: European Commission reimburses EUR 664 mln

Georgiana Bendre 08/01/2018 | 12:06

Agriculture and Rural Development Ministry announces that the European Commission has reimbursed EUR 664 million at the beginning of January, amount sent in the expenses account of the Payments and Intervention Agency for Agriculture (APIA) during October 16-November 30, for the prepayment from the direct payments financed by the European Fund for Agricultural Guarantee.

These expenses were financed initially from the state budget, according to the European previsions and are reimbursed afterwards by the European Commission, according to a release of the Agriculture Ministry.

„We mention that the payments financed from the European Fund for Agricultural Guarantee are made at the exchange rate established by the European Central Bank of EUR/RON 4.599 and published in the Official Journal of the European Union, series C,” say the Agriculture Ministry’s representatives.

According to the law, the prepayments were made during October 16-November 30, 2017. Also, according to the European Parliament and Council’ laws, the payments within the aid schemes are made during December 10 June 30 of the following calendar year.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Georgiana Bendre | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue