June 3, 2020 — The additional EUR 500 million (USD 560.3 million) – added to the European Maritime Fisheries Fund (EMFF) last week – will strengthen the recovery and resilience of the E.U.’s fisheries sector as the region’s economy slowly reopens, according to European Commissioner for Environment, Oceans, and Fisheries, Virginijus Sinkevičius.
The additional funding, which is part of the Commission’s Recovery Package, represents an increase of more than 8 percent compared to the budget initially proposed for the EMFF in 2018.