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Brussels – The European Fee immediately proposed to allocate over 18 billion euros (454 billion crowns) from European Union funds to seven nations affected by devastating floods and fires in September. In line with the proposal, nations, together with the Czech Republic, ought to have the choice to attract as much as a 3rd of the allotted funds prematurely financing in order that they’ll rapidly direct them to affected areas. Earlier than the affected nations can draw the funds, the proposal have to be accepted by the European Parliament and the EU Council representing member states.
The top of the EU government Ursula von der Leyen promised at a September assembly with leaders of Central European nations affected by floods to allocate a ten-billion sum from current sources in EU funds for creating areas. In line with Prime Minister Petr Fiala, two billion (over 50 billion crowns) are to be allotted to the Czech Republic.
“When local weather disasters strike, Europe is stronger if it stands collectively,” the fee president stated immediately concerning the particular proposal. Along with the Czech Republic, Poland, Hungary, Slovakia, Austria, and Romania affected by floods, Portugal, which confronted catastrophic fires, will even be capable of draw from the whole sum of over 18 billion.
The Fee expects that nations will be capable of use as much as 30 p.c of their quantity instantly, even earlier than the funded tasks begin. In line with Brussels, that is supposed to scale back the stress that harm attributable to pure disasters has created on nationwide budgets. The proposal additionally assumes that no nationwide sources will have to be added to European funding beneath co-financing. The overwhelming majority (17.7 billion euros) is to be earmarked in a trio of structural funds supposed primarily for much less developed areas of the EU. The remaining 588 million euros will come from the agricultural and rural growth help fund. (October 22)
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