EUSFEuropean Union Solidarity Fund
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Storms and floods also hit the region of Burgas, in south-eastern Bulgaria, which will obtain a[logical not]2,258,225 in EUSF aid.
According to a report released on Monday on the activities of the EUSF in 2016, Cyprus last year received around AaAaAeA@1/47.3m in aid for repairi damage caused from fires and droughts.
The EUSF sets country-by-country thresholds for eligibility based on gross national income.
The European Union Solidarity Fund (EUSF) was created after the floods which affected central Europe during the summer of 2002.
Storms and floods also hit the region of Burgas, in south-eastern Bulgaria, which will receive a[logical not]2,258,225 in EUSF aid.
The aid comes from the EU Solidarity Fund (EUSF) and is part of the more than e1/471.5m budget MEPs approved earlier in the week to assist in repairing damage caused by natural disasters in the UK, Cyprus and Portugal.
"We need to be prepared for larger stress on risk financing mechanisms, such as the pan-European Solidarity Fund (EUSF), a financial tool for financing disaster recovery in the European Union." For example, the analysis suggests that the EUSF must pay out funds simultaneously across many regions.
The EU Court of Auditors (ECA) has criticised the EU's Solidarity Fund (EUSF) for funding the construction of seismically isolated and environmentally sustainable housing in italy's Abruzzi region and its capital city of L'Aquila after the April 2009 earthquake.
As the estimated cost of damage from floods in June and July soared towards pounds 3 billion, Flood Recovery Minister John Healey said an application had been submitted for support from the European Union Solidarity Fund (EUSF).
Cyprus is set to receive a first EUSF payment following the drought and forest fires of June to support reconstruction efforts and regenerate economic activity.