Press Release: State aid: Commission approves aid to compensate damages caused by the floods in Saxony, Germany

The European Commission has approved an aid scheme that allows to compensate companies for the damage caused by the floods of August 2010 in the German Federal State of Saxony. The Commission found that the measure was in line with Article 107 (2) (b) of the Treaty of the Functioning of the European Union, that allows aid to make good the damage caused by natural disasters.