Czech forest owners face losses to the tune of 40 billion crowns ($1.70 billion) this year from an escalating spread of bark beetle, an industry think-tank said on Monday.
The Czech Forest think-tank said about 30 million cubic metres of timber will be affected this year, a figure that has surpassed earlier estimates and is nearly double the 18 million last year.
The Czech Republic is one of the worst-affected countries in Central Europe, where spruce forests are a key source of income for the timber industry.
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