OREANDA-NEWS. February 25, 2014. Moldovan farmers will benefit from higher subsidies in 2014. Moreover, they could also benefit from non-refundable financial resources and credits provided on easy terms within projects backed by foreign organisations.

Agriculture and Food Minister Vasile Bumacov said the higher subsidies would be provided this year especially for setting up cherry and apricot orchards, producing vegetables on protected land, equipping cattle and sheep farms and clearing of multiannual plantations. Fish farmers will benefit from subsidies this year too.

Besides the resources of the subsidisation fund, amounting to 500 million lei in 2014, the farmers will have opportunity to access other non-refundable means as well. A project, IFAD VI, standing at 26 million dollars, will be launched soon, of which 10 million dollars are non-refundable. Another project, worth 100 million euros, is meant to back horticultural branch, and is funded by the European Investment Bank. This money will be also used to build an agri-food centre in Chisinau.

The global agricultural production increased by 38.3 per cent in 2013 against 2012. At the same time, the agriculture’s share of the Gross Domestic Product recorded a 13-per cent rise.