Executive Director of NAFA Mr. Yavor Nedev issued an order for the start of application acceptance under Measure 1.1 "Public aid for permanent cessation of fishing activities" within Priority Axis 1 "Measures on adapting the Bulgarian fishing fleet of the Operational Program for the Development of Fisheries Sector / 2007-2013 /
The measure will support projects for the cessation of fishing activities by (a) the scrapping of a fishing vessel (b) reassignment for activities outside fishing and (c) exhibition as a museum piece.
Under measure 1.1 "Public aid for permanent cessation of fishing activities” projects for fishing vessels operating in the Black Sea aquatoria and under the Bulgarian flag will be supported.
Gratuitous financial assistance will be granted to projects concerning activities focused on the following sectors:
Sector 01: Scrapping of a fishing vessel
Sector 02: Reassignment for activities outside fishing:
Activity 1 reassignment of a fishing vessel for the purposes of tourism
Activity 2 reassignment of a fishing vessel for its exhibition as a museum piece
Activity 3 reassignment of a fishing vessel for training purposes
Sector 03: Reassignment for activities t to create artificial reefs
The beneficiaries under this measure are sole traders or legal entities registered under the Commerce Law or the Law on Cooperatives.
Gratuitous financial assistance is awarded in the form of premiums to owners of fishing vessels for loss of income due to implementation of the objective of the measure. Financial support amounts up to 100% of the estimated premiums, out of which 85 % is provided by the European Fisheries Fund / EFF / and 15 % of the state budget of the Republic of Bulgaria. Payment on the project is single and it is determined by the nature of assisted activities.