Tag #Flood Aid

What immediate financial aid and mechanisms does the EU's RESTORE program provide for countries affected by recent natural disasters?

The EU's RESTORE program allocates €17.7 billion to aid countries affected by floods and fires in Central, Eastern, and Southern Europe from early 2024 to late 2025. This includes funding for infrastructure repair, essential aid, and social support, with up to 95% funding for eligible projects. The program offers a 25% advance payment.