Floods in Germany do not yet threaten domestic exports

“Currently, we have no news from the economic sphere that there are any problems. No companies turned to us for help, “said the Czech-German Chamber of Commerce and Industry (CNOPK). “This is probably due to the fact that the floods took place in the west of Germany, where not so many Czech companies operate. If it happened in Bavaria, for example, the situation would be different, “thinks a representative of CNOPK, who did not want to be named.

“I do not expect a long-term disruption of supply chains,” agrees Adam Jareš, director of the foreign office of CzechTrade Germany. However, his organization experienced some difficulties in logistics.

“Problems were reported to us, for example, by the forwarding and logistics company Vectura from Pilsen. Trucks have been standing for three days and they cannot leave with a load for the Czech Republic. Their customers in the automotive industry have flooded warehouses, often electricity and internet connection do not work. Vectura and other forwarders are also struggling with the closure of the A1 motorway and congestion on motorways in the direction of Belgium, ”informs Jareš. The company itself rejected E15’s request for comment.

Škoda Auto, the largest domestic exporter to Germany, did not have information on any supply interruptions on Friday afternoon. Although Czech companies have not been hit hard by the German floods, the economic impact of the natural disaster will obviously be significant in the neighboring country.

According to German media Road, rail and river transport have been stopped in several places, with the Rhine being Europe’s most used river for freight shipping. Due to its elevated level, ships with a height exceeding 6.3 meters were banned on Friday.

The train connection between Cologne and Brussels was also interrupted. A gas pipeline burst in the district of Ahrweiler in Rhineland-Palatinate. “Several kilometers of pipelines will have to be completely replaced,” the German weekly writes The mirror.

Agentura Reuters again, he claims that the event could become the most expensive natural disaster in Germany in twenty years. The German insurance association GDV is going to publish the first financial estimates of claims next week. However, he already states that only about 45 percent of the destroyed buildings were insured against floods and torrential rains. So far, the most costly natural disaster in the country’s history was the floods of the summer of 2002, which German insurance companies cost 4.5 billion crowns at current prices of 4.5 billion euros.

The damage caused by natural elements is increasing.  The UN and economists warn that it will be worse

“The damage will be mainly local. For example, by the degradation of agricultural land or in a pandemic of tourism, which has already been severely tested, ”says Adam Jareš. “The flood-affected area in Rhineland-Palatinate is a popular tourist destination with beautiful nature and vineyards. Many local camps had to be evacuated. In the case of flooding of industrial companies, there will be millions of damages to machinery and production technologies, “he adds.

The current floods may also affect the outcome of the September parliamentary elections, he warns The mirror. As many experts attribute the cause of the floods to climate change, it is likely that the event will strengthen the German Green Party in the coming weeks. Conversely, the ruling CDU / CSU coalition could weaken voters.

Several neighboring countries, including the Czech Republic, have offered assistance to Germany due to the floods:


Source: E15.cz by www.e15.cz.

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