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Brussels, 21 February 2007

European Commission approves Czech compensation measure to port and inland waterway operators for flood damages

The aid will be granted to port and inland waterway operators in a non-discriminatory manner to cover damages caused by the floods in 2006. It will cover a maximum of 100% of the damages that can be proved to have been caused by the floods. The granting procedure guarantees that the compensation cannot exceed the amounts necessary to compensate for the losses.

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