Lithuania will receive €61.2 million under the European Maritime, Fisheries and Aquaculture Fund for 2021-2027

Daily News 03 / 11 / 2022

Economia - pubblicata il 04 Novembre 2022

Source: European Commission Spokesperson’s Service

The Commission has adopted the European Maritime, Fisheries
and Aquaculture Fund
(EMFAF) programme for Lithuania, totaling €87.4 million over the next six years, of which the EU contribution accounts for €61.2 million. More than half of the allocation
will be dedicated to promoting sustainable growth of Lithuania’s fishing and aquaculture sector by stimulating their modernisation and innovation. The fund will also support a better coordination
between science and enterprise when it comes to data collection and fisheries control and enforcement via digitalisation to improve traceability along the entire value chain. It will also
contribute to the conservation of marine biodiversity and the protection of fish stocks and the restoration and conservation of aquatic biological resources. Finally, it will contribute to the
decarbonisation efforts through the replacement and modernisation of fishing boat engines. Commissioner for Environment, Oceans and Fisheries, Virginijus Sinkevičius, said: “I
am delighted to announce the adoption of the EMFAF Programme for Lithuania, which will help to modernise the country’s fisheries and blue economy sectors in line with Europe’s green and digital
transitions. I am confident that the programme will boost sustainable productivity of aquaculture and diversify business developments in coastal areas.” The overall aim of the EMFAF programme
is to implement the EU
Common Fisheries policy
(CFP) and EU policy priorities outlined in the European
Green Deal
. More information is available in the news

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