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The flood damage estimate in Czechia, based on insured property claims, has now reached CZK 19.3 billion, the CTK news agency reported, citing financial companies. The estimate for business insurance claims accounts for 61 percent of the total. According to insurance companies, this year’s floods were the second-largest natural disaster since the founding of the independent Czech Republic in 1993. Only the massive floods that hit the country in August 2002 caused more damage. According to Bloomberg, the insured losses caused by the floods in Central Europe will amount to two to three billion euros.

More and more Czechs are choosing to live in rented accommodation because of the high cost of housing, which is leading to a steady rise in rent prices, the news site Novinky.cz reported. The demand is so great that tens of people come to see one property in the big cities. According to KPMG, rents in Prague have risen by an average 10  percent year-on-year, and will continue to rise if the long-term imbalance between supply and demand continues. According to real estate agencies, up to 70 people apply to view one flat-to-rent in Prague, and around 40 do so in Brno.

Charity organizations and NGOs have raised more than CZK 370 million to date to help people hit by the recent floods in Czechia. Most of the money raised was collected by the largest Czech charity organization People in Need, while tens of millions were raised by Charitas Czech Republic and ADRA. Some NGOs have also announced material collections or are involved in providing volunteers to help in the affected areas. People have also been donating to food banks. Both Czech Radio and Czech Television organized charity concerts in aid of the flooded regions.

Ukrainian leaders need to be realistic about their war objectives and accept that some of their territory might remain under Russian control, at least temporarily, said Czech President Petr Pavel in an interview with The New York Times. He noted that both Ukraine and Russia are unlikely to achieve their maximalist goals, and the war’s outcome will likely be a compromise.

Czech Foreign Minister Jan Lipavský echoed Pavel's sentiments, acknowledging that Ukraine cannot currently retake all its land but emphasized that this does not mean ceding territory to Russia. Both leaders reaffirmed support for Ukraine’s territorial integrity.