IP/07/217

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.