EU farmers and hauliers to get up to 50,000 to cover extra costs of Iran war

"The EU is set to subsidize up to 70% of the extra costs incurred by farmers, fishing businesses, and road hauliers due to the ongoing Iran war."

"Individual companies can claim up to 50,000 euros each with minimal paperwork, aiming to alleviate what the EU sees as an existential threat to these sectors."

"Energy-intensive industries will be able to claim up to 70% of the extra electricity costs, reflecting the urgent need for support amid rising prices."

"The Middle East crisis temporary state aid framework (METSAF) will be in place until December 31, targeting the most affected sectors in the economy."

The EU has announced a subsidy program to cover up to 70% of the increased costs of fuel and fertilizers for farmers, fishing businesses, and road hauliers due to the Iran war. Companies can claim up to 50,000 euros with minimal paperwork. Energy-intensive industries can also receive support for electricity costs. The emergency measures aim to alleviate the financial burden on agriculture, fisheries, and transport sectors, while small businesses will benefit from a simplified claims process. The program will remain in effect until December 31.

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