Government to release CZK 40,000 immediate aid for flood-affected households

The government will provide an immediate financial aid of CZK 40,000 on average per household to those affected by the floods. The funds will be distributed to municipalities, which will then determine the specific amount to be allocated to each household.

For businesses, the National Development Bank will introduce two support programmes, allowing small and medium-sized enterprises to apply for loan guarantees and soft loans.

Finance Minister Zbyněk Stanjura announced the measures on Friday following a meeting of the working group on flood recovery financing.