POST Online Media Lite Edition



 

EU Solidarity Fund grants €100 million of advance payment to Slovenia following summer floods

Christian Fernsby |
The Commission has approved an advance payment of €100 million to Slovenia under the European Union Solidarity Fund (EUSF), to ease the financial burden of reconstruction efforts after the damage caused by the devastating floods that took place in the country in August 2023.

Article continues below




The advance payment follows the application for EUSF support submitted by Slovenia on 20 October 2023.

The final payment, which will depend on the Commission's assessment of Slovenia's application for EUSF support and budgetary availability, will follow in 2024.

The floods were described by Slovenian authorities as the worst flooding disaster in Slovenia's recent history, affecting almost two-thirds of the country.

Key infrastructure such as roads and energy supplies were damaged, with hundreds of homes and buildings destroyed.

In the immediate aftermath of the floods, the Commission stood in solidarity with Slovenia, offering assistance through the EU Civil Protection Mechanism, which included amongst other things, helicopters, trucks and excavators.

Since then, the Commission has also mobilised €8.6 million via the agricultural reserve to support farmers in Slovenia whose livelihoods have been most affected by the floods.

Support made available via the EUSF will further help Slovenia to overcome the devastating effects caused by the floods, to restore key infrastructure, fund rescue services, implement measures to protect the cultural heritage impacted by the disaster, and more generally, finance clean-up operations.

Between 2002 and 2022, the Fund mobilised over €8.2 billion for 127 disasters (107 natural disasters and 20 health emergencies) in 24 Member States (plus the UK), and 3 accession countries (Albania, Montenegro and Serbia).

In 2023 alone, the Commission approved a total of €454.8 million in EUSF assistance, granting it to Italy (floods in Marche region in 2022), Romania (drought in 2022) and Turkey (earthquakes in February 2023).

Very recently, Italy received an advance payment of €94.7 million to handle the financial burden caused by the floods in the Emilia-Romagna region of May 2023.

In June, the Commission made a proposal to increase by €2.5 billion the ceiling of the Solidarity Emergency and Aid Reserve (SEAR) in the context of the Multiannual Financial Framework (MFF) mid-term revision.

The proposed €2.5 billion is to be shared between the two instruments under the SEAR – the EUSF and the Emergency and Aid Reserve (EAR) during the remaining four years of the 2021-2027 MFF programming period.


What to read next

Biden-Harris administration announces $2.1 billion to improve four nationally significant bridges
Illinois announces $16.6 million investment to help connect residents with 1,300 positions
New York: $150 million for arts and culture organizations

Arctic air spreads south and east from Rockies Friday through next week

 
A clipper system will move quickly across the northern Plains into the Midwest Friday and the Northeast by Saturday, bringing a wintry mix of rain and snow showers ahead of a sweeping cold front.
 
 

Latest

U.S. drillers cut oil and gas rigs
Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers
Corning to create 300+ jobs in North Country, New York
Historic $8 billion transportation investment to improve roads, bridges and regional transit in Massachusetts

NEWS

Bulgaria: 4 charged with €94.5 million fraud involving railway signalling systems

Winter storm to impact south and southeast U.S.
Azerbaijan suspends gas supplies to Bulgaria for technical reasons
UK phasing out sale of new petrol and diesel cars from 2030
Anchor linked to Eagle S recovered in Finland-Estonia cable damage probe
U.S.: Major winter storm to bring snow and ice
 

BUSINESS

U.S. rig count dropped, Canada nice surprise

Massachusetts wins more than $102 million for transportation infrastructure projects
Baker Hughes oil rig count unchanged at 589, Canadian down
Indonesia starts implementing 12 pct VAT on luxury goods, services
Egyptians start paying taxes on imported mobiles
Baker Hughes says U.S. oil rig count stays unchanged at 483, in Canada rigs dropped by 71 to 95
 

Trending Now

Germany reports first foot and mouth disease outbreak in 35 years

Schletter supplies Central Europe’s largest agri-PV project

Arctic air spreads south and east from Rockies Friday through next week

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers


POLITICS

Indonesia starts steel exports to New Zealand

New Zealand, UAE sign free trade agreement
Spanish PM proposes 100 pct tax on homes bought by foreigners
Governor Hochul: Bridge rehabilitation project along Interstate 81 in Onondaga County completed
North Carolina allocates $1.65 billion for Helene recovery efforts
Slovak PM to discuss gas transit issue with EU
 

Today We Recommend

Germany reports first foot and mouth disease outbreak in 35 years


Highlights 

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers

Corning to create 300+ jobs in North Country, New York

Lufthansa Group plans around 10,000 new hires across entire company in 2025


COMPANIES

Lufthansa Group plans around 10,000 new hires across entire company in 2025

BP announces plan to cut 4,700 jobs
Orano signs investment agreement with Mongolian government to develop world-class uranium deposit
Terna to improve Naples’ electrical infrastructure
Schletter supplies Central Europe’s largest agri-PV project
500 jobs open for application at Portuguese airports
 

CAREERS

McWin appoints Guillaume Charlin as managing partner

PrecisionLife: Bill Keating new chief commercial officer, diagnostics and healthcare
Mika Mahlberg becomes Fortaco’s president, CEO and member of board
Medicilon names Lilly Xu as chief technology officer
Khalid Khalafalla named new CEO of CIEC
Bata names Miguel Esquide as chief design officer
 

ECONOMY

Indonesia goes from $0.6 billion deficit to $5.9 billion surplus

Greece to repay $5.3 billion bailout debt early
Fraser Institute: Canada’s debt ranking falls from best in G7 to 7th worst
Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
Italy sees faster economic growth in Q1
 

EARNINGS

Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Vietnam opens Brazilian market for salted cattle hides

Germany reports first foot and mouth disease outbreak in 35 years
UK exported enough banned bee-killing pesticides to cover area bigger than England
Hong Kong suspends import of poultry meat and products from areas in Hungary, Portugal, Korea
Argentina opened Philippine market to export bone-in poultry, pork and beef
World Bank, EU finance 45m euro subsidies to Ukrainian farmers
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

Employers prefer younger job candidates for AI roles although experienced workers perform same or better
Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
 

CRIME

Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing

BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
 

HEALTH

Human cases of anthrax reported in western Mongolia

One more barrier to developing vaccine for HIV removed
Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
Potentially deadly fungal disease spreading in California
 

MEANTIME

India launches space docking experiment mission

World-first carbon-14 diamond battery made
Einstein Telescope step closer
Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033