Earthquake Damage Estimated at €5.5 Billion

The direct damage caused by the earthquakes was estimated, in accordance with EU rules and the methodology used by the World Bank, at HRK 41.6 billion or €5.5 billion, which is 10.2% of the country’s gross national income, the Minister of Physical Planning, Construction and State Assets, Darko Horvat, reported.

EU member states are entitled to aid from the European Solidarity Fund if total direct damage caused by a major natural disaster exceeds 0.6% of the country’s gross national income.

Horvat said that this included the damage done in Sisak-Moslavina County, Karlovac County and Zagreb County, subsequent damage in the City of Zagreb and Krapina-Zagorje County, as well as damage done to individual properties in Bjelovar-Bilogora County, Virovitica-Podravina County, Požega-Slavonia County, Osijek-Baranja County, Međimurje County, Varaždin County and Koprivnica-Križevci County.

Based on this damage assessment, Croatia can apply for a contribution of €319.19 million from the European Solidarity Fund and will do so, said the Minister of Regional Development and EU Funds, Nataša Tramišak.

Emergency measures that qualify for EU funding include restoration of infrastructure and plants in the energy sector, water supply, waste-water management, telecommunications, transport, healthcare and education, provision of temporary accommodation, rescue services, cultural heritage protection, and clean-up operations.

Prime Minister Andrej Plenković said that he had discussed this matter with relevant EU authorities last week and announced that this week Croatia would apply for funding from the Solidarity Fund.

“I am confident that this time too, just as was the case with initial damage from the earthquakes, we will receive strong support from this European fund,” the prime minister said.

For more about earthquakes in Croatia, follow TCN’s dedicated page.

 

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