AreaSerbia

Commodity GroupGrains

CommodityAll

Date01/12/2017

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAnnounced the use of EU IPARD funds (Instrument for Pre-Accession Assistance in Rural Development). The fund establishes USD 10 million in grants available to assist with purchases of farm machinery and equipment. The grants will finance refunds up to 60 percent of purchase. Of the remainder, the EU will finance 75 percent and the state 25 percent. Grants range in amount between USD 6 000 and USD 850 000 for the production of grains.