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EU agriculture Commissioner, Phil Hogan signed in Romania a European Investment Fund (EIF) financing agreement that will channel over €150 million, including €87.8 million from the EU budget, to Romanian farmers.
Managed by the EIF under the framework of the Romanian rural development programme, this risk-sharing loan instrument is a very useful and long awaited instrument by farmers, processor and entrepreneurs from rural areas as in Romania since the risks linked to agricultural activities are high and have a big influence to the level of the interest rates and collaterals required for a loan.
It is expected to reach over 1,300 local farmers and rural entrepreneurs who will be able to invest in their agricultural activities, processing and marketing of agricultural products and diversification of their non-agricultural activities as well.
Friday September 14, 2018/ EC/ European Union.
http://europa.eu/rapid/latest-press-releases.htm
