EU SUGAR RESTRUCTURING FUNDS WILL BE HELD OVER
April 1st, 2009
BY KEITH NUTHALL
MONEY left unspent from a temporary restructuring fund for the European Union sugar sector after its fourth and final year of operation (financial year 2009-10) will be transferred to future EU budgets, earmarked for sugar-related investments, the European Commission has confirmed. Germany, Poland, Belgium, Austria, Hungary, Romania, France, Slovakia, Lithuania and Bulgaria had feared unspent money would be diverted to other uses.
ENDS
MONEY left unspent from a temporary restructuring fund for the European Union sugar sector after its fourth and final year of operation (financial year 2009-10) will be transferred to future EU budgets, earmarked for sugar-related investments, the European Commission has confirmed. Germany, Poland, Belgium, Austria, Hungary, Romania, France, Slovakia, Lithuania and Bulgaria had feared unspent money would be diverted to other uses.
ENDS
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