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Government approved investment project "Fruit Garden" worth 120 million euros.

The Government ratified the contract for funding the project "Fruit Garden ", which will support the development of the horticultural sector in our country. European Investment Bank will in this sense provide a loan worth 120 million euros.

Potential beneficiaries of the project are over 300 businesses operating in the horticulture sector and over 52 thousand farms. Education institutions and research in horticulture will be also modernized in order adjust to the international quality standards.

The credit will be offered for a period of 10 years. "Fruit Garden" will be available through leasing companies, which unlike the classic credit, does not require collateral and provide greater opportunities for young entrepreneurs.

The money will be used for the creation and modernization of orchards, equipment for improving and modernization of production, processing, post-harvest handling, logistics and training and research of specific to the sector.

As a next step, to enter into force the "Fruit Garden" will be examined in parliamentary committees and presented for discussion in the plenary legislative body. According to the pre-established procedures Following parliamentary approval and publication of the decision in the Official Monitor to be developed Project Operational Manual that will regulate the procedure for granting the loan.


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