Words of Wisdom:

"war is coooooool" - Janani


  • Date Submitted: 08/29/2013 08:05 PM
  • Flesch-Kincaid Score: 36.5 
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Government Subsidies
The Common Agricultural Policy (CAP) is the agricultural policy of the European Union. Its main objectives are to ensure a fair standard of living for farmers, provide a stable and safe food supply at affordable prices for consumers and a balanced development of rural areas throughout the EU. 
The EU’s overall subsidy to the wine industry is around 1.3 billion euros per year. 
The CAP's budget is spent in 3 different ways:
  * Income support for farmers – who receive direct payments, provided they live up to strict standards for food safety, environmental protection and animal health and welfare. These payments are fully financed by the EU, and account for 70% of the CAP budget.
  * Rural development – measures to help farmers modernise their farms and become more competitive while protecting the environment, and to keep rural communities thriving. These payments are part financed by the member countries, and account for some 20% of the CAP's budget.
  * Market support – for example when bad weather destabilises markets. These payments account for less than 10% of the CAP budget.
These three areas are closely interrelated and must be managed coherently. For example, direct payments both provide farmers with a steady income and reward them for providing environmental services in the public interest. Similarly, rural development measures both encourage additional public services and help modernise farms.
The budget is decided every year by the Council of the EU and the European Parliament

Ownership Restrictions
Italy has no foreign ownership restrictions.
   The following may be indicated, among others, as reasons for the lack of attraction to foreign investors:
        - Absence of a developed infra-structure.
        - Bureaucracy.
        - Rigid labor laws.

   As a general rule, 100% foreign ownership is recognized in most sectors other than the existing restrictions in defense industries such as aircraft industries.


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