Determination of the potential economic flood damages in Medzev, Slovakia

It is important to remember that a flood in a modern economy is expected to bring about a whole gamut of consequences. The costs of damage caused by extreme weather events (among which floods are a major category) have shown a rapid upward trend globally. The scope and extremity of flood episodes point to the need to design and build a comprehensive system of flood protection measures in potential flood areas. The main goal of this study is the proposal of a process of the assessment of flood risk with the aim of reducing adverse consequences on the economic activities associated with floods. The consequences of flooding can take many forms, whether material damage, injury, deaths, environmental contamination, and so forth. Potential flood damage is related to movable and immovable property and variously defined natural and landscape values in inundated areas. In this study, the process for determining the potential flood damage to property (economic damage) is applied with the aim of effective flood protection in the area.