Economy of the European Union
The European Bank for Reconstruction and Development (EBRD) estimated the damages from the devastating floods in Serbia and Bosnia and Herzegovina at around EUR 3B.
Official estimates of the cost are not available yet, but in its report the EBRD put the damage at around EUR 1.5-2 B in Serbia and about EUR 1.3B in Bosnia and Herzegovina.
LONDON - The devastating floods in Serbia and Bosnia and Herzegovina have already damaged their economies and will hit growth and inflation in the future as well, believes the European Bank for Reconstruction and Development (EBRD), adding that some very rough preliminary estimates put the damage in Serbia at around EUR 1.5-2 billion.
EBRD: Flood damage estimates between EUR 1.5-2 billion
BELGRADE -- The damage from the devastating floods in Serbia could reach between EUR 1.5-2 billion, the European Bank for Reconstruction and Development (EBRD) has said.
In neighboring Bosnia-Herzegovina, it could reach EUR 1.3 billion, according to preliminary estimates.
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