• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

At least 22 people dead in devastating floods in Bosnia

by October 8, 2024
written by October 8, 2024

By Daria Sito-Sucic

SARAJEVO (Reuters) – At least 22 people have died in severe floods and landslides which wiped out whole villages across Bosnia and Herzegovina and caused huge damage to the impoverished Balkan country, officials said on Tuesday.

A key transport infrastructure connecting central and southern Bosnia has been severely damaged, companies and homes submerged by flash floods and cattle swept away.

Damage estimates are at early stages as rescuers still search for survivors in the area around the southern towns of Konjic and Jablanica which were worst hit.

Another body was recovered from a lake in the village of Buturovic Polje on Tuesday, taking the death toll to 22, a local official said. Six people are still missing.

Darko Juka, a spokesman for the government of the Herzegovina-Neretva canton, said it was too early to talk about figures but that the damage will be huge.

The railway line connecting the Bosnian towns with the Croatian port of Ploce was completely destroyed in a 17km-long section towards the southern town of Mostar.

A 200 meter-long stretch of railway track could be seen suspended in the air.

“A daily loss just from the fall in revenues from cargo and passenger transportation amounts to 280,000 Bosnian marka ($157,000),” said Samir Kadric, a spokesman for the regional railways company Zeljeznice Federacije BiH.

“It is quite certain that the damages caused by this disaster will amount to dozens of millions marka,” Kadric said, adding that the company will begin work to repair the tracks next week.

Many Bosnian exporting companies, such as ArcelorMittal (NYSE:MT) Zenica, Adriatic Metals and Aluminium Industries, usually move their products to the port of Ploce by railway.

U.K.-based Adriatic Metals, which operates the silver, lead and barite mine in central Bosnia, said it will use road transport until the railway track is fully repaired.

“Adriatic expects no impact on ongoing operations and is confident in utilising road logistics as a temporary solution,” it said in a statement to Reuters.

($1 = 1.7809 marka)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Brazilian airline Azul’s shares jump on debt deal with lessors
next post
Greece stocks lower at close of trade; Athens General Composite down 0.17%

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

March 13, 2026

China’s DeepSeek sets off AI market rout

March 13, 2026

BASF results down on impairments, restructuring

March 13, 2026

Nasdaq futures tumble as China’s AI push rattles...

March 13, 2026

European chipmakers slump as traders gauge DeepSeek AI...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China Vanke’s CEO, chairman resign amid growing liquidity...

March 13, 2026

Italy’s MPS shares fall ahead of Mediobanca board...

March 13, 2026

UMG shares rally after new multi-year pact with...

March 13, 2026

British Land stock drops following stake sale

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Trump administration alleges Nike discriminated against white workers

      March 13, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      March 13, 2026
    • Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

      March 13, 2026
    • Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

      March 13, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (690)
    • Stock (6,426)

    Latest News

    • Trump administration alleges Nike discriminated against white workers
    • Landmark trial accusing social media companies of addicting children to their platforms begins

    Popular News

    • Turkey stocks lower at close of trade; BIST 100 down 0.42%
    • Japan’s Kioxia prices IPO in middle of range, raising $800 million

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy