Experts say May floods in Bosnia caused 2 billion euros ($2.7 billion) in damages

Published January 08, 2015

Experts say last month's historic floods in Bosnia caused about 2 billion euros ($2.7 billion) in damages and will cause a sharp drop in the country's gross domestic product.

Ricardo Zapata Marti, head of a team of local and international experts, said Wednesday their initial report shows that because of the floods, Bosnia's GDP growth will drop from previous 2.2 percent down to 1.1 percent. They will announce a final report in two weeks.

Bosnia has no way to recover without international help and hopes that a July donor's conference will offer a way out.

May's floods and landslides killed 25 people, forced a quarter of Bosnia's four million people to flee their homes and devastated a quarter of the nation's territory.

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