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,