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82 million Package Confirmed for Lithuanian Fisheries, Aquaculture

Sustainability Economics Politics +4 more

LITHUANIA - The European Commission has adopted a key investment package for the Lithuanian fisheries and aquaculture sectors.

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Covering the period 2014-2020, the operational programme (OP) under the European Maritime and Fisheries Fund (EMFF) is worth almost €82 million, including €63 million of EU investments.

Investments will be targeted at enhancing the competitiveness, sustainability and viability of Lithuanian fisheries and aquaculture businesses.

Commenting on the adoption, Karmenu Vella, Commissioner for Environment, Maritime Affairs and Fisheries, said: "I warmly welcome the adoption of this investment package for Lithuania's fisheries and aquaculture sectors. The €82 million agreed today will enable the country to further develop these sectors and make them more sustainable, for example by supporting investments that limit the impact of fishing on the marine environment."

The adopted programme is in line with the EU's reformed common fisheries policy and integrated maritime policy and fully supports the EMFF priorities. It will promote environmentally sustainable, resource-efficient, innovative, competitive and knowledge-based fisheries and aquaculture. The programme will also foster marketing and processing as vital parts of the fisheries industry.

The EMFF investment will also strengthen local communities: by preserving and creating jobs, by promoting social well-being and cultural heritage, and by improving and capitalising on local environmental assets.