EC allots 5.1 million euros to help cover flood damage
The Czech Republic will receive almost 130 million crowns (the equivalent of around 5 million euros) to help cover damages from floods which hit parts of the country in May and June. The information was released by the European Commission on Thursday. A spokesman for the Finance Ministry confirmed that the allotted funds would defray expenses for repairs to public property and infrastructure that had not been covered by insurance companies but would not cover losses suffered by private businesses. Damage from the floods earlier in the year was estimated in the billions of crowns.