EC approves Czech flood damages compensation
European Commission approves Czech compensation measure to port and inland waterway operators for flood damages
Brussels, Belgium – 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.