Share

Flood-stricken Balkans to get €1.8bn boost

Brussels - A conference of international donors pledged more than €1.8bn on Wednesday to help Bosnia and Serbia recover from devastating floods in May.

The European Commission, the EU executive, said the conference had mobilised pledges of €809m for Bosnia and €995m for Serbia, plus €41m for cross-border activities.

The financial aid would be used for rebuilding houses and public buildings, the rapid restoration of water and energy supplies and urgent assistance for those still without proper shelter.

In addition, the money will be used for flood management, disaster protection and rebuilding transport and energy infrastructure and it will be administered with EU support, the statement said.

Bosnia and Serbia belong to the same river basin, which requires efficient regional cooperation.

The statement said dykes and dams would be rebuilt and upgraded according to international standards and the commission, the EU executive, would call a regional meeting in the autumn to help development of a regional flood response strategy.

In May, the heaviest rainfall in more than a century caused rivers in Bosnia, Serbia and Croatia to burst their banks, sweeping away roads, bridges and homes.

The commission's statement estimated damage and economic losses at around €2bn in Bosnia and €1.5bn in Serbia.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.09
+0.1%
Rand - Pound
23.78
+0.1%
Rand - Euro
20.43
+0.1%
Rand - Aus dollar
12.44
-0.4%
Rand - Yen
0.12
+0.1%
Platinum
924.80
+0.5%
Palladium
1,036.50
+1.0%
Gold
2,325.02
+0.1%
Silver
27.35
+0.2%
Brent Crude
88.42
+1.6%
Top 40
68,051
0.0%
All Share
74,011
0.0%
Resource 10
59,613
0.0%
Industrial 25
102,806
0.0%
Financial 15
15,897
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders