Austria on Wednesday announced a package of measures in response to severe flooding across the country, including a tripling of the federal disaster fund and tax postponements for affected companies.

Austria responded to severe flooding with a series of measures, including tripling the federal disaster fund to 1 billion euros and offering tax postponements and interest-free loans for affected companies.

WARSAW - European Commission President Ursula von der Leyen announced in Poland on Thursday evening that flood-hit countries will have access to a 10 billion euro (11 billion US dollar) fund from the European Union (EU).

Austria's federal disaster fund will more than triple to 1 billion euros ($1.11 billion) and companies severely affected by flooding will be able to postpone tax payments, Chancellor Karl Nehammer said on Wednesday,

European Commission President Ursula von der Leyen on Thursday announced 10 billion euros ($11 billion) in funds for member nations reeling from "heartbreaking" devastation after the floods caused by

Austria's federal disaster fund will increase to 1 billion euros ($1.11 billion) and companies severely affected by flooding will be able to postpone tax payments, Chancellor Karl Nehammer said on Wednesday following extreme weather in the region.