Brussels – The European Commission (EC) has proposed allocating 114 million euros (around 2.8 billion CZK) to support the Czech Republic’s recovery from last year’s floods. This announcement was made in a press release today. This proposal is part of a larger flood aid initiative totaling 280 million euros, which also benefits Slovakia, Poland, Austria, Moldova, and Bosnia and Herzegovina. The proposal requires approval from both the European Parliament and the EU Council.
The funding will be sourced from the European Union Solidarity Fund (EUSF), which facilitates reimbursement for recovery expenses in areas affected by natural disasters. The funds can be utilized for the repair of public assets, including transportation infrastructure and educational and health facilities, as well as for cleaning impacted regions. The Czech Republic made its funding request from the EUSF in December, with Finance Minister Zbyněk Stanjura estimating potential aid of up to 2.85 billion CZK.
According to the proposal, Slovakia is set to receive 2.1 million euros, Poland is proposed to get 76 million euros, Austria is suggested to receive 42.8 million euros, Bosnia and Herzegovina 45.7 million euros, and Moldova 195,200 euros.
“This initiative addresses the floods that impacted these nations in September and October 2024,” the European Commission stated. In the Czech Republic, reported damages reached 70.6 billion crowns, including roughly 25 billion crowns attributed to damage to private properties and approximately 45 billion crowns to public assets at the state, regional, and municipal levels. (May 27)
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