POST Online Media Lite Edition


Droughts, floods cause 5 billion euros damage to Serbia

Staff Writer |
Serbia's environment minister Goran Trivan said drought, floods and other severe weather conditions caused damages worth 5 billion euros ($5.9 billion) to the country between 2000 and 2015.

Article continues below

More than 70% of the losses are caused by drought and high temperatures, while the floods are the second biggest cause of damage to the Serbian economy, Trivan said, as quoted in a statement by the environment ministry.

Serbia plans to have in place by 2019 a scheme of national targets for lower greenhouse gas emissions by establishing long-term goals and monitoring and reporting on their implementation, Trivun said during the United Nations (UN) Climate Change Conference of the Parties (COP 23) in Bonn, in Germany.

In May 2014 Southeastern Europe (SEE) was hit by devastating floods that cost around 1.5 billion euro to Serbia and 2 billion euro to Bosnia and Herzegovina.

What to read next

U.K. visible trade gap widens in September
U.S. international trade balance widens in January
U.S. posts $53 billion budget deficit in May