TIRANA, Oct 11 /ATA/ The Ministry of Agriculture and Rural Development announced that 250 new investment projects in the sector of agriculture and agro-processing have been financed as part of the IPARD II program.

According to the Ministry of Foreign Affairs, as part of IPARD II, which is financed by the European Union and the Albanian government, in these 4 years of implementation (2018-2022), 170 million euros have been injected into the rural economy, giving agriculture a boost like never before.

IPARD II has extended grants of up to 50% of the investment value for 73 collection centers, 132 agricultural machinery, 52 investments in new guesthouses, 100 ha of agricultural and livestock farms, thus aligning the standards with the EU in this sector and engaging in work a number considerable number of people.

Meanwhile, 40% of the beneficiaries of this program were startups in agriculture. /j.p/sm/