Ths State will subsidize the Apples Harvest
November 8, 2020
According to the state of the Minister of Agriculture, more than 120 000 tons of apples is expected this year. The Government had developed a program not to leave undelivered those products that are grown by farmers, which means subsidy of 10 Tetris for 1 kg of apples. In the event if the companies pay 22 Tetris to the Supplier, they will receive compensation in 10 Tetris. This is a very important condition in order to be sure that, the harvest is not left undelivered and farmers are paid. Government’s decision represents the stimulating mechanism for the companies for giving them access to working capital, for avoiding the State from the direct interference in the procurement and this should be executed by processing private companies, which basically produce the concentrates of the apple juice. Concentrate is the product which shall be exported and it is exported in EU countries. We will finance the companies the interest of one-year working capital if the bank credit does not exceed 16%. We are going to finance half of it -8%. The same approach will be used in the event if there is a variable interest rate.
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