EUR 100 million scheme approved for the Lithuanian agricultural sector
The Commission has approved a EUR 100 million Lithuanian scheme to support investments in the agricultural sector. The measure will support companies active in the production, processing, and marketing of agricultural products and aims to strengthen the sector’s resilience and sustainability.
The investments must contribute to objectives set out in Regulation (EU) 2021/2115, including improved soil quality, reduced resource use, adaptation to climate change, lower ammonia emissions, and enhanced animal welfare. Aid will take the form of loans addressing a demonstrated market financing gap and will run until 31 December 2028.
The Commission found the scheme compatible with Article 107(3)(c) TFEU and the Guidelines for State aid in the agricultural and forestry sectors in rural areas, concluding that it is necessary, proportionate, and has a limited impact on competition and trade within the EU.
For more information, see the Commission’s PR.