Lithuania diary group first up for EU subsidies

  • 2004-11-10
  • Baltic News Service
VILNIUS - Rokiskio Suris, the largest Lithuanian dairy group, is gearing up to become the first Lithuanian company to receive export subsidies assigned by the European Union.
The Rokiskis-based company expects to receive some 387,000 litas (112,200 euros) in subsidies for the export of cheese to Russia this year.

On Nov. 8 the National Payment Agency, the local administrator of EU export subsidy funds, passed a decision to pay 387,000 litas in EU assistance to the company on the back of the receipt of all required export documents, said Juozas Bruzgulis, director of the agency's foreign trade department.

"Now we are working out all the required documents. One company should get these funds in the nearest future," he said.

Moreover, several other dairy producers should receive some EU subsidies as well, Bruzgulis added.

Antanas Trumpa, Rokiskio Suris' CEO, also confirmed that the financial assistance would be given to the company. The cheese maker expects to receive a total of 4.2 million litas in subsidies for products exported by Nov. 8.

According to information made available by the National Payment Agency, Lithuanian exporters of eggs, meat and dairy produce plan to receive some 8.4 million litas in EU export subsidies for exports during the May-to-July period. Rokiskio Suris is quoted on the Official List of Vilnius' securities exchange.