THE European Bank For Reconstruction and Development (EBRD), which is partly owned by the EU, is to help fund poultry integrator MHP’s purchase of Perutnina Ptuj.
The loan, according to the EBRD, will “support MHP Group’s strategy to expand its operations in the EU and other countries with the aim to become a multinational producer”.
Avec, which represents European poultry producers, has written to Commission Vice-President Jyrki Katainen seeking
The letter also mentions a loophole that allows Ukrainian producers to export poultrymeat to Europe
“While our members are waiting anxiously for the results of the aforementioned negotiations, you may easily understand their reaction when they learn that EU taxpayer money is used to facilitate the development and the acquisition of an EU poultry company on the EU territory, by a Ukrainian
It is understood that negotiations on the DCFTA have been reopened to close the loophole, but that in itself may require further concessions over import quotas.
The EBRD was established to aid development in Eastern Europe following the cold war.