State Agricultural Intervention Fund, SAIF, SZIF

State Agricultural Intervention Fund, SAIF, SZIF

***FILE PHOTO*** The Czech State Agricultural Intervention Fund (SZIF) announced in November 2019 that it will start paying out subsidies to Agrofert approved between its transfer to trust funds in February 2017 and August 2018 when the EU conflict of interest regulation took effect. The fund said it will pay subsidies of 51.2 million crowns in total for two Agrofert projects. According to the fund, it must pay these subsidies because there is no legitimate reason for withdrawing them. Otherwise it might face a risk of a legal complaint filed by Agrofert. Agrofert is one of biggest Czech recipients of subsidies. Czech authorities keep paying out subsidies to the group, although PM Andrej Babis (ANO), who transferred Agrofert to trust funds, is suspected of being in a conflict of interest. ORIGINAL CAPTION: Logo of the Czech State Agricultural Intervention Fund (SAIF, SZIF) is seen during a fair in Brno, Czech Republic, on February 18, 2016. (CTK Photo/Petr Svancara)

  • Product Code
  • ILEA000245033
  • Registered date
  • 2016/2/18 00:00:00
  • Credit
  • CTK / Kyodo News Images
  • Media source
  • CTK
  • Media size
  • 3238 × 2159 pixel
  • Resolution
  • 300 dpi
  • Deployment size
  • 2.45(MB)*
  • Special instruction
  • SLOVAKIA OUT, CZECH REPUBLIC OUT
    **The text may be generated by an automatic translation system**

*File size when opened in Photoshop, etc.

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