Flood damage EUR 810mn, losses EUR 662mn
BELGRADE -- Direct damage and losses caused by the catastrophic floods in May total around EUR 1.5bn, according to the first official Serbian government report.
The report will be presented at a donor conference in Brussels on July 16.
The report puts direct damage at EUR 810.1 million and losses at EUR 661.9 million, Tanjug reported.
Two-thirds of the total direct damage and losses are sustained by the production sector and stand at approximately EUR 1.07 billion, including the damage of around half a billion EUR and the losses of EUR 569.4 million.
Agriculture suffered the most damage and losses, estimated to EUR 107.9 and EUR 120.1 million, respectively. The damage caused to trade amounts to EUR 169.6 million and the losses to EUR 55.2 million.
The estimated damage to the social sectors, comprising housing, healthcare, education and culture, stands at EUR 34.6 million and the losses at EUR 7.1 million.
The damage caused to residential buildings is EUR 227.3 million, while the losses stand at EUR 3.7 million. The damage in the healthcare sector is estimated to EUR 3 million and the losses to EUR 2.7 million.
The consequences of floods for the area of infrastructure, which includes transport, communications and water supply, are estimated to cost EUR 192.1 million, with the damage accounting for EUR 117.3 million and the losses for EUR 74.8 million.
Estimates say that the most affected sector was transport, where the damage stands at EUR 96 million and the losses at 70.4 million.
In the areas of environment and public administration, the estimated damage is EUR 17.2 million, and the losses EUR 10.6 million.
Serbian Deputy Prime Minister Zorana Mihajlović told Tanjug that the report on damages and losses caused by the floods was compiled by special teams who worked on the ground with experts from international organizations.
The report will be presented at a donor conference in Brussels on July 16, said Mihajlovic, adding that Serbia counts on donors' assistance in the repair process, but also on favorable loans, primarily when it comes to the repair of the road and rail infrastructure.
Business & Economy
July 8, 2014 | 16:36 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- The harvest is nearly complete and the country will have enough wheat for its needs and export, even though the average yield is somewhat lower than last year.
July 8, 2014 | 10:32 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- The drop of the Serbian dinar (RSD) to its record low against the euro this year "is not dramatic," economists told Tanjug on Monday.
July 8, 2014 | 09:19 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The first official data put the damage caused by the severe floods that hit Serbia in May at EUR 1.5 billion, Zorana Mihajlović stated on Monday.
July 7, 2014 | 15:26 | Source: Tanjug | Comments: (1) | Send comment
SMEDEREVO -- Blast furnace No. 2 at the Smederevo-based steel plant Železara was ignited on Monday, restoring the production after two months.
July 7, 2014 | 13:38 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Confederation of Autonomous Unions of Serbia (SSSS) says changing the Labor Law without a public debate represents "open servility to foreign interests."
July 7, 2014 | 11:19 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The Serbian government has decided to establish a joint business organization with the Abu Dhabi-based company Al Rawafed.
July 4, 2014 | 09:24 | Source: Tanjug | Comments: (15) | Send comment
BELGRADE -- (PKS) Željko Sertić and his colleagues from Bulgaria and Hungary signed a joint declaration of support for the South Stream gas pipeline project.
July 3, 2014 | 15:09 | Source: Tanjug | Comments: (1) | Send comment
BELGRADE -- Ivica Dačić and Kristian Vigenin have said that the construction of the South Stream gas pipeline is of vital importance for their countries.
July 3, 2014 | 10:34 | Source: B92 | Comments: (1) | Send comment
BELGRADE -- Wizz Air has denied all "unfounded accusations" about an alleged preferential agreement between the low-cost carrier and the Belgrade Airport.
July 3, 2014 | 10:02 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- Serbian President Tomislav Nikolić will attend a donor conference dedicated to repairing the damage from the floods in Serbia and Bosnia-Herzegovina.
July 2, 2014 | 10:17 | Source: Tanjug | Comments: (0) | Send comment
BELGRADE -- The new tax law marks the beginning of an aggressive campaign against the grey economy, tax evasion and under-collection of tax revenues, says Lazar Krstić.