Bulgaria Among Top Four EU Countries Hit Hardest by Summer Heat and Floods
A recent study conducted by economists from the University of Mannheim and the European Central Bank (ECB) highlights the significant economic impact of extreme weather across Europe this summer. According to the research, short-term losses reached at least 43 billion euros, with Bulgaria ranking among the four EU countries most affected, alongside Cyprus, Greece, and Malta. The study attributes the damage to a combination of heatwaves, drought, and floods, estimating that each of these nations lost over 1 percent of their gross added value in 2024.
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