3 August 2026 13:00 (UTC+04:00)Ulviyya Poladova Read moreWildfires and extreme heat across France, Spain, and other parts of Europe have caused an estimated €3.1 billion in economic losses during the first two months of the 2026 wildfire season, AzerNEWS reports, citing the Financial Times (FT). According to the information, the damage caused by record-breaking temperatures and wildfires in the five hardest-hit eurozone countries France, Spain, Portugal, Greece, and Romania. The €3.1 billion estimate reflects the cost of restoring burned land to its pre-fire condition. However, it differs from the European Commission's estimate that the average annual wildfire-related damage across the European Union amounts to €2.5 billion. European Union's Copernicus Climate Change Service reported that June 2026 was the hottest June ever recorded in Western Europe.