Another 200 million lei from the state budget of Moldova will be distributed among farmers to subsidize the cost of fertilizers used in autumn 2022.
This was announced by Deputy Prime Minister and Minister of Agriculture and Food Industry Vladimir Bolea at a meeting with representatives of Forta Fermierilor (Farmers' Power) Association. He said the decision confirms the government's commitment to subsidizing losses incurred by farmers amid a regional crisis caused by daily fluctuations in the price of agricultural products on the world market. "The Ministry of Agriculture and Food Industry, jointly with the government, think about the needs of farmers and take into account their requests. For this reason, 200 million lei will be directed mainly to micro and small farmers, in order to be able to intervene in the pricing mechanism. This amount can be increased by identifying new financial resources, which we are constantly working on," said Vladimir Bolea. He recalled that, so far, the government had taken actions to benefit all agricultural companies: the amendment of the law on the VAT reimbursement was approved, so that farmers could reimburse over 330 million lei of VAT; over 1.6 billion lei has been transferred to the subsidies fund (760 million lei has been paid to the accounts of the subsidies beneficiaries due to different stimuli mechanisms since the beginning of the year); the speed of processing applications for subsidies was increased; permanent monitoring of the grain transit and import is in progress. // 28.06.2023 – InfoMarket
