FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: In addition to improving the company’s viability, this commitment regarding partnerships is also considered to be a compensatory measure for competitors. It obliges Alstom to find partners in major business activities and to involve them in such activities.
Spanish: Aparte de la mejora de la viabilidad de la empresa, este compromiso de asociación se considera igualmente como medida compensatoria para los competidores, ya que obliga a Alstom a encontrar asociados para actividades importantes y a hacerlos participar en las mismas.
English: To this amount must be added the capital requirements needed to re-establish a sufficiently sound financial structure. Equity almost totally disappeared from the balance sheet, following the exceptional losses of the last two years.
Spanish: A este importe debe añadirse las necesidades de capital para el restablecimiento de una estructura financiera suficientemente sólida, ya que los fondos propios han desaparecido casi totalmente del balance, como consecuencia de las pérdidas excepcionales de los dos últimos años.
English: The revenue from these divestitures has allowed and will allow part of these capital requirements to be covered. The proceeds will make it possible to limit the firm’s indebtedness and future financial charges.
Spanish: Los ingresos de estas ventas han permitido y permitirán cubrir una parte de estas necesidades de capital y permitirán limitar el endeudamiento y las cargas financieras futuras de la empresa.
Finnish: Myynneistä saadut tulot kattavat osittain pääomatarpeet, ja niiden ansiosta yrityksen velkaantuminen ja tulevat taloudelliset rasitteet pysyvät kurissa.
English: These measures apply solely to the Transport sector. Alstom’s Transport sector has suffered few exceptional losses, and margins have remained satisfactory.
Spanish: Estas medidas afectan únicamente al sector Transporte; esta actividad de Alstom ha sufrido pocas pérdidas excepcionales y los márgenes realizados en la misma se han mantenido satisfactorios.
English: This information must take the form of reports on the state of progress of restructuring. It will be supplemented by notification of PwC’s reports validating the business plan and liquidity plan.
Spanish: Esta información deberá adoptar la forma de informes sobre el estado de desarrollo de la reestructuración, y se completará con la comunicación de los informes de validación del plan empresarial y del plan de tesorería realizados por la empresa consultora PwC.
Italian: Tale informazione sarà trasmessa sotto forma di relazioni sullo stato di avanzamento della ristrutturazione e sarà completata dalla comunicazione di relazioni di convalida del business plan e del piano di tesoreria realizzate dallo studio PwC.
Dutch: Deze kennisgeving moet gebeuren in de vorm van een verslag over de voortgang van de herstructurering en zal worden aangevuld met de validatieverslagen van PwC betreffende het bedrijfsplan en het liquiditeitsplan.
English: It should be noted that the total amount of EUR 8 billion will not represent only a provision of new bonds. All of the bonds provided by the banks after September 2003 and thus no longer enjoying the state’s counter-guarantee of 65 %, and, subject to certain conditions and to a limited extent, the bonds provided before September 2003, can be brought within this new syndicated bonding line of EUR 8 billion and thus benefit from the corresponding guarantee mechanism.
Dutch: Alle garanties die de banken na september 2003 stellen en waarvoor dus niet langer de contragarantie van de staat ten belope van 65 % geldt, en onder bepaalde voorwaarden en in beperkte mate garanties die vóór 2003 zijn gesteld, kunnen immers in de nieuwe garantieregeling van 8 miljard EUR worden opgenomen en zullen dus van het overeenkomstige garantiemechanisme kunnen genieten.
Estonian: Pankade poolt pärast 2003. aasta septembrit emiteeritud tagatud võlakirjad tervikuna, millel ei ole enam riigipoolset 65 % suurust garantiid, ning teatud piiratud tingimustel ka enne 2003. aasta septembrit emiteeritud tagatud võlakirjad on võimalik tuua selle uue 8 miljardi euro suuruse sündikaatlaenuliini alla ning saada seega kasu vastavast tagatismehhanismist.
English: measure 8 (former measure 6): according to a complainant, France is reported to have also given guarantees for the construction of electricity plants (for example, in Bahrain and/or other countries); measure 9 (former measure 7): according to press reports, the public utilities company Gaz de France (GdF) had signed a letter of intent to buy one or two LNG (liquefied natural gas) tankers from Alstom, conferring an advantage on Alstom; the total value of the relevant contracts is EUR […] million (two LNG tankers worth EUR […] million and EUR […] million respectively); measure 10 (former measure 8): according to press reports, SeaFrance, a cross-channel operator owned by the French national railways (Société Nationale des Chemins de fer Français - SNCF), had ordered a car ferry from Alstom worth EUR […] million, conferring a further advantage on Alstom.
Estonian: Meede 10 (endine meede 8): ajakirjanduse sõnutsi tellis SeaFrance, La Manche’i väina laevaliikluse ettevõte, mis kuulub Prantsusmaa riigiraudtee (Société Nationale des Chemins de fer Français – SNCF) alla, Alstom’i käest praamlaeva väärtusega […] miljonit eurot, mis moodustas lisaeelise Alstom’i kasuks.
English: However, following the changes announced in May 2004, the state counter-guarantee covering the bonding facility will be abolished.
French: Cependant, suite aux modifications annoncées en mai 2004, la contre-garantie de l’État sur la ligne de cautions sera supprimée.
Portuguese: Porém, na sequência das modificações anunciadas em Maio de 2004, o aval do Estado sobre a linha de cauções será suprimida.
Swedish: De statliga motgarantierna för bankgarantierna kommer dock, till följd av de ändringar som meddelades i maj 2004, att upphöra att gälla.
Finnish: Toukokuussa 2004 ilmoitettujen muutosten johdosta valtion antama vastatakaus on kuitenkin tarkoitus poistaa.
Hungarian: Mindazonáltal a 2004 májusában közölt módosítások után a konzorciális kötvényhitel állami garanciáját eltörlik.
Estonian: Samas, vastavalt 2004. aasta mais tehtud muudatustele riigi vastutagatis garantiidele tühistatakse.
Latvian: Tomēr, sekojot 2004. gada maijā izziņotajiem grozījumiem, valsts pretgarantija par galvojumu līniju tiks anulēta.
Lithuanian: Tačiau po 2004 m. gegužę paskelbtų pakeitimų valstybės laidavimas garantijų linijai bus panaikintas.
English: It will be recalled that the counter-guarantee was 65 % per bond.
Estonian: Meenutame, et vastutagatise ulatuseks oli 65 protsenti garantii suurusest.
English: PSDD to be converted into capital (measure 4) 0,3 TSDD to be converted into capital (measure 5) 0,2 Capital increase II (measure 6) 0,17/0,22
Estonian: Kapitaliks konverteeritav TTL (meede 4)
English: second-loss guarantee covering the EUR 8 billion in bonds— lion in bonds
Estonian: teisene kahjumitagatis garantiidele 8 miljardi euro ulatuses— ) 0,17/0,22 Tagatis garantiidele (meede 3) Sealhulgas: — 12 kuud vastutagatist protsendiga 65 % 3,5 miljardi ulatuses
English: Measure Banks/Investors
Finnish: Pankit/sijoittajat
English: The divestitures include the freight locomotive business in Valencia (in 2002/2003, turnover of EUR 92 million and workforce of 380), all of the Transport sector's activities in Australia and New Zealand (in 2003/2004, turnover of EUR 227 million and workforce of 2172), and industrial boiler activities [15] (in 2003/2004, turnover of EUR 442 million). Each of these divestitures will be carried out within a period of […].
Finnish: Kyse on rahtijunien vetureita valmistavasta Valencen tehtaasta, jonka liikevaihto tilikaudella 2002–2003 oli 92 miljoonaa euroa ja työntekijöiden määrä 380, koko rautatieliikennesektorista Australiassa ja Uudessa-Seelannissa (tilikauden 2003–2004 liikevaihto oli 227 miljoonaa euroa ja työntekijöiden määrä 2172) sekä teollisuuskattiloiden sektorista [15] (tilikauden 2003–2004 liikevaihto oli 442 miljoonaa euroa).
English: forward to the Commission the new draft ‘rolling-stock’ decree and, if necessary, explanatory details showing in particular the cases in which the decree is not mandatory. The decree will enter into force by 1 January 2005;
Finnish: toimittaa komissiolle liikkuvaa kalustoa koskevan uuden päätösluonnoksen ja tarvittaessa perustelut niitä tapauksia varten, joissa päätöstä ei ole pakko soveltaa; päätös tulee voimaan viimeistään 1 päivänä tammikuuta 2005;
English: The partnership(s) should be long-term. They should involve structural and strategic agreements not limited to carrying out a specific project together, for example in response to a particular invitation to tender.
Finnish: Kumppanuuksien on tarkoitus olla pitkäaikaisia ja perustua rakenteellisiin ja strategisiin sopimuksiin, jotka eivät koske pelkästään tietyn yhteistyöhankkeen toteuttamista, kuten tarjouspyyntöön vastaamista.
English: That version is the most recent one available containing all the forecasts for each financial year from 2003/2004 to 2005/2006. The main figures in that plan are set out in Table 5.
Hungarian: Ez a legutóbbi elérhető változat, amely 2003/2004-től 2005/2006-ig minden pénzügyi évre tartalmazza az előrejelzéseket.
English: No investor in the same position as the state would have underwritten such securities. The risk was so great (in the event of default, the state would have had no hope of obtaining any repayment) that the Commission had regarded the amount of aid as being equal to the nominal amount of the securities.
Hungarian: Az állam helyzetében egyetlen befektető nem jegyzett volna ilyen részvényeket. a kockázat olyan magas volt (hiba esetén az állam számára illuzórikus lett volna bármilyen visszafizetésre számítani), hogy a Bizottság a támogatás összegét a részvények névértékével egyenlőnek értékelte.
English: of which — EUR 300 million renewed 0,3 — EUR 900 million repaid (EUR 800 million repaid thanks to the following three measures)
Swedish: varav — 300 miljoner förnyats
Hungarian: amelyből – 300 millió megújítható
English: The Commission cannot agree to aid being arbitrarily deemed to be rescue aid when it is granted during the first six months or indeed during the first year of a restructuring operation. In this context, it does not matter that the aid covers the liquidity requirements of a firm undergoing restructuring, since restructuring aid often covers the liquidity requirements of firms being restructured, in the same way as it covers, for example, investment or costs linked to capacity reductions.
Hungarian: A Bizottság nem fogadhatja el, hogy a szerkezetátalakítás első hat hónapjában vagy első évében megadott támogatásokat önkényesen szerkezetátalakítási támogatásoknak minősítsék Ebben az összefüggésben közömbös, hogy a támogatások fedezzék a szerkezetátalakítás alatt álló vállalat likviditási szükségleteit, mivel a szerkezetátalakítási támogatások gyakran fedezik a szerkezetátalakítás alatt álló vállalat likviditási szükségleteit ugyanolyan címen, mint például a befektetéseket vagy a kapacitáscsökkentéshez kötődő költségeket.
English: The group also suffered from the effects of serious technical problems with the GT24 and GT26 heavy-duty gas turbines bought from the Swedish group ABB. Alstom also had problems with trains sold in the United Kingdom.
Italian: Il gruppo ha subito inoltre il contraccolpo di seri problemi di natura tecnica che hanno interessato le grandi turbine a gas GT24 e GT26, acquistate dal gruppo svedese ABB.
English: France considers that the restructuring plan will enable Alstom to become viable again in the long term. The estimates are contained in the three-year treasury plan, version W10.
Italian: La Francia ritiene che il piano di ristrutturazione consentirà ad Alstom di ripristinare la propria efficienza economico-finanziaria a lungo termine.
Lithuanian: Prancūzijos manymu, restruktūrizavimo planas leis atkurti ilgalaikį Alstom gyvybingumą.
English: The adjustments do not therefore increase the Commission's doubts as to the compatibility of the aid as a whole or create any new doubts as to any given measures in particular. On the contrary, the adjustments help to remove some of the doubts identified in the decisions to initiate and extend the formal investigation procedure.
Italian: Tali modifiche non possono pertanto né accentuare i dubbi della Commissione circa la compatibilità dell’insieme degli aiuti, né farne sorgere altri in merito a determinate misure particolari: al contrario, servono a dissipare alcuni dubbi espressi nelle decisioni di avvio e di estensione del procedimento formale d’indagine.
English: Many of the comments also suggest that Alstom's disappearance would have a harmful impact on the relevant markets, which are already highly concentrated. Alstom's disappearance would increase such concentration and narrow the supply side of the market.
Italian: Molte osservazioni indicano, inoltre, che la scomparsa di Alstom avrebbe conseguenze nefaste sui mercati interessati, che sono già fortemente concentrati, per cui si assisterebbe ad un’ulteriore concentrazione e ad una conseguente riduzione dell’offerta.
English: Many customers expressed their concern at a possible disruption in their supplies. They also feared that high-tech equipment maintenance and after-sales service could no longer be properly ensured.
Italian: Molti clienti sono preoccupati per un’eventuale interruzione degli approvvigionamenti e inoltre temono che non possano più essere loro garantiti, alle stesse condizioni soddisfacenti, la manutenzione del loro materiale di tecnologia di punta ed il servizio di assistenza.
English: According to Siemens, the difficulties which Alstom had had to face are due primarily to the serious technical problems with the GT24/GT26 heavy-duty gas turbines. These difficulties are also linked to the ‘modest cash flow’ generated by Alstom’s activities as a whole due to the following factors:
Italian: Secondo Siemens, le difficoltà che Alstom ha dovuto affrontare sono dovute, in primo luogo, ai gravi problemi tecnici connessi alle turbine a gas di grande potenza GT24/GT26 e, in secondo luogo, anche al modesto flusso di cassa generato dalle attività di Alstom a causa dei seguenti elementi:
English: It is particularly concerned at the arrival of the Areva group on this new market. This competitor considers that the sale was not in line with commercial practices.
Italian: In particolare, teme l’arrivo su questo nuovo mercato del gruppo pubblico Areva e ritiene che la cessione in questione non sia stata conforme alle pratiche commerciali.
English: Furthermore, in contrast to the other potential buyers, Areva had not requested that Alstom would remain a shareholder in respect of part of the activity transferred. France also stated that Areva’s bid price proved to be in line with the value established in a series of valuations carried out by Alstom and Areva.
Italian: Inoltre, contrariamente agli altri potenziali acquirenti, Areva non aveva chiesto che Alstom restasse azionista di una parte dell’attività ceduta.
English: As far as measures 8, 9 and 10 are concerned, in its reply of 11 February 2004, France denied having provided guarantees for any of the said transactions. However, France admitted having provided [… ‘to’] GdF and to […] the SNCF special back-up conditions for the purchase of the ships.
Italian: Per quanto riguarda le misure 8, 9 e 10, nella risposta datata 11 febbraio 2004 la Francia ha negato di aver accordato garanzie per una qualsiasi di dette operazioni ed ha invece ammesso di aver concesso [… «a»] GdF e […] alla SNCF «letter of comfort» per l’acquisto di navi.
English: Following a request from the Commission, France sent a copy of the letters in which these special back-up conditions were set out. In the letters, the state confirmed that if the transactions could not be carried out successfully, it would introduce a compensation procedure.
Italian: In risposta alla richiesta della Commissione, la Francia ha inviato una copia delle lettere contenenti dette «letter of comfort» in cui lo Stato confermava la sua intenzione di istituire una procedura di indennizzo qualora le operazioni non potessero essere portate a buon fine.
English: France undertakes that Alstom will divest itself of some of its activities in the energy and transport fields. The divestitures include the freight locomotive business in Valencia (in 2002/2003, turnover of EUR 92 million and workforce of 380), all of the Transport sector's activities in Australia and New Zealand (in 2003/2004, turnover of EUR 227 million and workforce of 2172), and industrial boiler activities [15] (in 2003/2004, turnover of EUR 442 million).
Italian: La Francia si impegna a fare in modo che Alstom ceda diverse attività nei settori dell’energia e del trasporto, ovvero: la fabbrica di locomotive merci di Valence (nel 2002/2003, fatturato di 92 milioni di EUR e 380 dipendenti), tutte le attività del settore Transport in Australia e Nuova Zelanda (nel 2003/2004, fatturato di 227 milioni di EUR e 2172 dipendenti), nonché alcune attività nel settore delle caldaie industriali [15] (nel 2003/2004, fatturato di 442 milioni di EUR).
English: Lastly, the capital injection must be viewed in parallel with other support measures taken by the state [25]. All form part of the same operation intended to support Alstom in the restructuring it is carrying out.
Italian: Infine, tale conferimento di capitale deve essere visto parallelamente alle altre misure di sostegno adottate dallo Stato [25], misure che rientrano tutte nella stessa operazione destinata a sostenere Alstom nel processo di ristrutturazione in corso.
English: In the absence of any evidence that might indicate that Alstom received an advantage from Areva, which would be attributable to the state, the Commission considers that there is nothing to suggest that the transaction contained state aid elements. Areva's conduct in this operation was that of a private market-economy investor.
Italian: In assenza di indizi che potrebbero significare che Alstom ha beneficiato di un vantaggio accordato ad Areva, per giunta imputabile allo Stato, la Commissione ritiene che non sussistano elementi atti a giustificare la presenza di elementi di aiuto di Stato nella transazione in causa.
English: Since the aid is not regional in purpose and since the derogation in Article 87(3)(b) is clearly not applicable, only the derogations provided for in Article 87(3)(c) apply. That provision authorises state aid intended to facilitate the development of certain economic activities, where the aid does not adversely affect trading conditions to an extent contrary to the common interest.
Italian: Poiché l’obiettivo dell’aiuto non è regionale e dato che la deroga di cui alla lettera b) di detto paragrafo chiaramente non è applicabile, si possono applicare unicamente le deroghe di cui alla lettera c), la quale prevede l’autorizzazione degli aiuti di Stato destinati ad agevolare lo sviluppo di talune attività economiche di talune regioni, sempre che non alterino le condizioni degli scambi in misura contraria al comune interesse.
English: Secondly, France has undertaken to withdraw from the firm’s capital within the twelve months following Alstom’s obtaining an investment grade rating and, at all events, within four years. […].
Italian: D’altro lato, la Francia si è impegnata a ritirarsi dal capitale dell'impresa entro i dodici mesi successivi all’ottenimento da parte di Alstom di un rating «investment grade» e, in ogni caso, entro quattro anni […].
Latvian: Otrkārt, Francija ir apņēmusies izstāties no uzņēmuma kapitāla 12 mēnešu laikā pēc tam, kad Alstom saņems kredītreitingu investment grade, un jebkādā gadījumā ne vēlāk kā pēc četriem gadiem […].
English: France’s replies to the Commission’s letters were received on 4 September 2003. On 10 September 2003, France requested an extension of the deadline to reply to the questions asked by the Commission on 28 August 2003 concerning the associated measures.
Polish: Odpowiedzi Francji na pisma Komisji dotarły dnia 4 września 2003 r. Dnia 10 września 2003 r. Francja zwróciła się o przedłużenie terminu na udzielenie odpowiedzi na pytania, które zostały jej zadane przez Komisję dnia 28 sierpnia 2003 r., dotyczące środków pokrewnych.
Lithuanian: Prancūzijos atsakymai į Komisijos laiškus buvo gauti 2003 m. rugsėjo 4 d.2003 m. rugsėjo 10 d. Prancūzija paprašė pratęsti atsakymams į 2003 m. rugpjūčio 28 d. Komisijos pateiktus klausimus dėl susijusių priemonių skirtą laiką.
English: By letter dated 10 March 2004, the Commission reminded France that it was still waiting for its reply setting out its reactions to third party comments, which it had undertaken to provide by 1 March at the latest. France’s reply, accompanied by information concerning certain amendments to the initial restructuring plan, was sent to the Commission by letter dated 15 March 2004.
Lithuanian: 2004 m. kovo 10 d. laišku Komisija priminė Prancūzijai vis dar laukianti jos atsakymo su pastabomis apie trečiųjų šalių nuomonę, kurį ji buvo įsipareigojusi pateikti iki kovo 1 d. Prancūzijos atsakymas, prie kurio buvo pridėti kai kurie duomenys apie tam tikrus pradinio restruktūrizavimo plano pakeitimus, pasiekė Komisiją 2004 m. kovo 15 d. laišku.
English: Following the initiation of the formal investigation procedure by the Commission, France forwarded a substantially amended agreement on 26 September 2003 that no longer contained measures involving state participation in the Alstom group's equity on an automatic and irreversible basis without prior Commission approval, as required by Community state aid rules. The new agreement, whose terms are described below, superseded the agreement of 2 August 2003.
Lithuanian: Šis naujasis susitarimas, kurio sąlygos pateikiamos toliau, pakeitė 2003 m. rugpjūčio 2 d. susitarimą.
English: These measures were communicated to the Commission on 26 September 2003. The formal investigation procedure was accordingly extended to cover the new measures that partly replaced those provided for in the agreement of 2 August 2003 and increased their amount.
Polish: Środki te zostały zgłoszone Komisji dnia 26 września 2003 r. To w tych warunkach formalne dochodzenie zostało rozszerzone, tak by mogło również dotyczyć nowych środków, które miały częściowo zastąpić środki objęte porozumieniem z dnia 2 sierpnia 2003 r., zwiększając ich kwotę.
Lithuanian: Šios priemonės buvo praneštos Komisijai 2003 m. rugsėjo 26 d. Atsižvelgiant į tai formali tyrimo procedūra buvo išplėsta ir apėmė naująsias priemones, kurios iš dalies pakeitė pagal 2003 m. rugpjūčio 2 d. susitarimą nustatytas priemones bei pakeitė susitarimo sumos dydį.
English: The underlying growth rate of the cruise industry is estimated to be […] % a year up to 2010. The LNG carrier market is witnessing a rapid growth phase, and long-term prospects are also positive.
Polish: Ukryta stopa wzrostu przemysłu podróży morskich szacowana jest na […] % rocznie, aż do 2010 r. Rynek zbiornikowców do przewozu skroplonego metanu jest obecnie w fazie szybkiego wzrostu, a perspektywy długoterminowe również są pozytywne.
Lithuanian: Pagrindinis kruizinių laivų sektoriaus augimas prognozuojamas […] % per metus iki 2010 m. Suskystintų dujų gabenimo laivų rinka greitai auga ir jos ilgalaikės perspektyvos taip pat teigiamos.