EU approves funding for Bulgarian fisheries and aquaculture

The European Commission has adopted a key investment package for Bulgaria’s maritime, fisheries and aquaculture sectors totaling EUR 113 million (USD 120.8 million), including more than EUR 88 million (USD 94 million) of EU funds.

The investments are for the period 2014-2020.

"With its emphasis on economic, environmental and social sustainability, this investment package ensures that money is used for projects that deliver long-term results. Bulgarian fishermen and fish farmers as well as fishing communities will benefit from greater security and more opportunities for jobs and sustainable growth,” said Karmenu Vella, EU Commissioner for Environment, Maritime Affairs and Fisheries.

The adopted operational program (OP) is in line with the priorities of the European Maritime and Fisheries Fund (EMFF) and the EU's reformed Common Fisheries Policy (CFP) and Integrated Maritime Policy. It will promote environmentally sustainable, resource efficient, innovative, and competitive and knowledge based fisheries and aquaculture as well as actions to promote blue growth and maritime skills and knowledge.

In particular, funding will contribute to limit the impact of fishing activities on the marine environment and enhance its biodiversity, and ensure the balance between fishing capacity and available fishing opportunities.

The program also aims to promote economically and environmentally sustainable aquaculture and processing sectors. Funds will flow to projects that improve the livelihood of fishing communities – for instance by setting up Community-Led Local Development groups (CLLD) and creating Fisheries Local Action Groups (FLAGs).

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