Study reveals major crisis with more than $1 billion price tag: 'Eaten up'

Study reveals major crisis with more than $1 billion price tag: 'Eaten up'

A new analysis by the European Central Bank and the University of Mannheim revealed that natural disasters have cost the Bulgarian economy at least €1 billion (about $1.15 billion) in 2025.  What are climate-related economic losses? Across the globe, many countries are experiencing a rapid decline in GDP due to the increasing frequency of extreme weather events, including floods, fires, hurricanes, and other disasters. In Bulgaria, the report st…