State Fund Agriculture has made an advanced payment of BGN 532, 670 for the construction of a carp and sturgeon breeding farm. The project has a price tag of BGN 1 775 568, of which BGN 1 065 341 will be European funding. The facility will be developed at two stages and is scheduled for completion for August 2014. A second company was granted BGN 242 761 to upgrade an existing cage complex and build a further 30 cages near Pazardzhik.
Measure 2.1 is an investment measure financed predominantly by the European Fisheries Fund. The subsidy covers up to 60% of the approved investment, with 75% European financing and the balance national co-payment.
A ship owner laid hands on a BGN 99, 661 aid under Measure 1.1 to scrap a vessel. He has inked a contract to sell the scrap to a licensed ferrous and non-ferrous metals dealer.
The measure is compensatory and is financed by the EFF and the national budget in an 85:15 ratio. The subsidy accounts for up to 100% of the approved investment.