The European Commission has decided that aid schemes to twelve Italian regions for various projects in their fisheries sectors are compatible with the rules governing State aids.
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These aids, which amount to a total of €55.24m (US$52.8m), for the period 2000 to 2006, represent the financial contribution by Italy which, under the co-financing principle, is required for the allocation of aid from the EU Financial Instrument for Fisheries Guidance (FIFG).
The FIFG will finance eligible projects to the tune of €39.88m. Projects benefiting from this financial support include measures to protect fish stocks, aquaculture, upgrading of port facilities, processing and marketing of fisheries products, measures in favour of the small-scale fleet and various operations undertaken by the industry to improve the situation of the sector.
To view an open commentary from just-food.com on the reform of the Common Fisheries Policy, click here.
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