AGL 40.09 Decreased By ▼ -0.12 (-0.3%)
AIRLINK 127.20 Decreased By ▼ -0.44 (-0.34%)
BOP 6.64 Decreased By ▼ -0.03 (-0.45%)
CNERGY 4.52 Increased By ▲ 0.07 (1.57%)
DCL 8.70 Decreased By ▼ -0.03 (-0.34%)
DFML 40.79 Decreased By ▼ -0.37 (-0.9%)
DGKC 85.69 Decreased By ▼ -0.42 (-0.49%)
FCCL 33.10 Increased By ▲ 0.54 (1.66%)
FFBL 64.36 Decreased By ▼ -0.02 (-0.03%)
FFL 11.69 Increased By ▲ 0.08 (0.69%)
HUBC 111.56 Decreased By ▼ -0.90 (-0.8%)
HUMNL 15.07 Increased By ▲ 0.26 (1.76%)
KEL 5.23 Increased By ▲ 0.19 (3.77%)
KOSM 7.64 Increased By ▲ 0.28 (3.8%)
MLCF 40.45 Increased By ▲ 0.12 (0.3%)
NBP 61.19 Increased By ▲ 0.11 (0.18%)
OGDC 192.70 Decreased By ▼ -1.48 (-0.76%)
PAEL 26.95 Increased By ▲ 0.04 (0.15%)
PIBTL 7.40 Increased By ▲ 0.12 (1.65%)
PPL 152.78 Increased By ▲ 0.10 (0.07%)
PRL 26.30 Increased By ▲ 0.08 (0.31%)
PTC 17.06 Increased By ▲ 0.92 (5.7%)
SEARL 85.70 No Change ▼ 0.00 (0%)
TELE 7.66 Decreased By ▼ -0.01 (-0.13%)
TOMCL 33.85 Decreased By ▼ -2.62 (-7.18%)
TPLP 8.75 Decreased By ▼ -0.04 (-0.46%)
TREET 16.92 Increased By ▲ 0.08 (0.48%)
TRG 63.80 Increased By ▲ 1.06 (1.69%)
UNITY 27.82 Decreased By ▼ -0.38 (-1.35%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 10,108 Increased By 22.6 (0.22%)
BR30 31,170 Decreased By -0.3 (-0%)
KSE100 94,871 Increased By 107.2 (0.11%)
KSE30 29,426 Increased By 15.5 (0.05%)

WROCLAW (Poland): European Commission President Ursula von der Leyen on Thursday announced 10 billion euros ($11 billion) in funds for member nations reeling from “heartbreaking” devastation after the floods caused by Storm Boris.

The death toll from the storm which struck central and eastern Europe last week rose to 24 on Wednesday and some areas are still under threat from rising waters.

Von der Leyen spoke in the Polish city of Wroclaw alongside the leaders of four countries from the flood-hit region.

“It was for me on the one hand heartbreaking to see the destruction and the devastation through the floods,” she told reporters. “But I must also say it was on the other hand heartwarming to see the enormous solidarity between the people in your countries,” she added. Von der Leyen said the European Union had two sources — cohesion funds and the solidarity fund — that it could use to “help with funding to repair and reconstruct” the damage.

“At first sight 10 billion euros are possible to mobilise from the cohesion funds for the countries that are affected. This is an emergency reaction now,” she added. Strong wind and heavy rains struck the region last week, killing five people in Austria, seven in Poland, seven in Romania and five in the Czech Republic.

Von der Leyen met in Wroclaw — a city also struck by devastating floods in 1997 — with Polish Prime Minister Donald Tusk, his Czech counterpart Petr Fiala, Slovakia’s Robert Fico and Austrian Chancellor Karl Nehammer.

Comments

Comments are closed.