Romania's organic farming sector to receive more than €200M in EU funds over next seven years, says Romanian agriculture minister

KYRGYZSTAN , November 8, 2013 () – Organic farming in Romania will benefit from more than 200 million Euro ($270 million) of EU funds in the next seven years, the Xinhua news agency reported, referring to Romanian Agriculture Minister Daniel Constantin said on November 7.

The Government is also considering fiscal measures to boost the sector. "Organic farming has developed a lot and products in this sector went very much to export. Romania may create a country brand by promoting organic products," the Minister noticed.

Thus, around €200 million would be allocated for organic farming. "I am convinced that support for organic farming will not stop here and the Government will come up with fiscal measures to stimulate it," Constantin added.

Romania has huge potential in organic farming with an area of 450,000 hectares certified for production in addition to another 250,000 hectares of grassland. Romania exports 80% of its bio-products.

(c) 2013, Provided by an company

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.