Belgium, (Brussels Morning Newspaper) The European Commission approved Austria’s aid scheme worth 110 million euro aimed at supporting agricultural producers.
The EC pointed out in a statement on Friday that it approved the aid under the Temporary Crisis Framework, stressing that the EU economy is facing severe disturbances.
Margrethe Vestager, European Commissioner for Competition, noted “the agricultural sector has been hit particularly hard by the price increase of energy and other input costs caused by Russia’s invasion of Ukraine and the related sanctions.”
She pointed out that the money will help Austria to support its farmers and stressed that it is making sure that aid measures do not affect competition on the EU market.
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