FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: This aspect inflated the final value. As far as the Catella evaluation is concerned, the Authority also notes that inspection of the properties appears to have been rather superficial in relation to an earlier evaluation which, amongst others, may have lead to an underestimation of costs for renovation.
Italian: Per quanto concerne la stima Catella, l’Autorità rileva anche che l’ispezione delle proprietà risulta essere stata condotta in modo piuttosto superficiale rispetto ad una valutazione precedente, comportando probabilmente una sottovalutazione dei costi di ristrutturazione.
English: This factor may, however, be partially offset by a relatively high estimate for owners’ operating costs. BER has not undertaken any inspections of the properties.
Italian: Tuttavia, questo fattore potrebbe essere in parte compensato da una stima relativamente elevata delle spese di gestione del proprietario.
English: Procedural and Substantive Rules in the Field of State Aid (State Aid Guidelines), adopted and issued by the EFTA Surveillance Authority on 19 January 1994. Published in OJ L 231, 3.9.1994.
Italian: Norme procedurali e sostanziali in materia di aiuti di Stato (guida sugli aiuti di Stato), adottate ed emanate dall'Autorità di vigilanza EFTA il 19 gennaio 1994 e pubblicate sulla GU L 231 del 3.9.1994.
Portuguese: Regras processuais e materiais no domínio dos auxílios estatais (Orientações relativas aos auxílios estatais), adoptadas e emitidas pelo Órgão de Fiscalização da EFTA em 19 de Janeiro de 1994 e publicadas no Jornal Oficial L 231 de 3.9.1994.
Swedish: Procedurregler och materiella regler inom området för statligt stöd (riktlinjer för statligt stöd), antagna och utfärdade av Eftas övervakningsmyndighet den 19 januari 1994, EGT L 231, 3.9.1994.
Polish: Proceduralne i merytoryczne zasady w dziedzinie pomocy państwa (Wytyczne dotyczące pomocy państwa), przyjęte oraz wydane przez Urząd Nadzoru EFTA dnia 19 stycznia 1994 r. Opublikowane w Dz.U. L 231 z 3.9.1994.
English: Olav Thon Gruppen AS:
Latvian: Olav Thon Gruppen AS
Lithuanian: Olav Thon Gruppen AS –
English: Haugen & Damsund AS:
Latvian: Haugen & Damsund AS
Lithuanian: Haugen & Damsund AS –
English: The appraisal was to be finished by 30 March 2001. Catella stated that the appraisal was not in accordance with the rules of the Norwegian Appraisers Association (‘Norges Takseringsforbund’) and was conducted in a superficial way [11].
Polish: Szacunek miał być ukończony dnia 30 marca 2001 r. Firma Catella stwierdziła, iż szacunek nie jest zgodny z przepisami Norweskiego Stowarzyszenia Rzeczoznawców („Norges Takseringsforbund”) oraz przeprowadzono go w sposób powierzchowny [11].
Lithuanian: Įkainojimas turėjo būti baigtas iki 2001 m. kovo 30 d. Įmonės Catella teigimu, įkainojimas neatitiko Norvegijos įkainotojų asociacijos (Norges Takseringsforbund) taisyklių ir buvo atliktas paviršutiniškai [11].
English: These factual corrections led OPAK to reduce the value of the assets to NOK 740 Million. The adjustments were presented to the Municipality of Oslo on 14 May 2001.
Lithuanian: Dėl šio faktinio koregavimo OPAK sumažino turto vertę iki NOK 740 mln. Koregavimai Oslo savivaldybei buvo pateikti 2001 m. gegužės 14 d.
English: The sale of the apartments was not made public in the way prescribed in clause 18B.2.1(a) of the Guidelines’. However, the Municipality considered that the sale was carried out in a way that ensured attainment of the objective behind the provision.
Slovak: Predaj bytov nebol zverejnený spôsobom predpísaným v klauzule 18B.2.1(a) usmernení.“ Magistrát bol však názoru, že predaj sa vykonal spôsobom, ktorý zabezpečil dosiahnutie cieľa tohto opatrenia.
Slovenian: Prodaja stanovanj ni bila objavljena tako, kot je določeno v določbi 18B.2.1(a) smernic.“ Vendar pa je občina menila, da je bila prodaja opravljena na način, ki je zagotavljal dosego cilja določbe.
Lithuanian: Apie butų pardavimą nebuvo viešai paskelbta taip, kaip nurodyta Gairių 18B skyriaus 2.1 dalies a papunktyje.“ Vis dėlto savivaldybė laikėsi nuomonės, kad pardavimas buvo atliktas taip, kad būtų pasiektas nuostatose įtvirtintas tikslas.
English: The Municipality furthermore argued that the difference between the sales price (NOK 715 Million) and the OPAK evaluation (NOK 740 Million) was in line with Chapter 18B.2.2(b), ‘Margin’, of the State Aid Guidelines [17].Thirdly, the Municipality considered that there were grounds for being very sceptical about the new value appraisal from FIGA/Nortakst, which concluded that the value was NOK 1055 Million. The Municipality stated that FIGA/Nortakst based its appraisal on an annual price increase for the property over the next 10 years of 4 %, while the prices fell by 5,2 % from the 2nd quarter 2002 to the 2nd quarter 2003.
Lithuanian: Be to, savivaldybė tvirtino, kad pardavimo kainos (NOK 715 mln.) ir įmonės OPAK nustatytos vertės (NOK 740 mln.) skirtumas neprieštaravo Valstybės pagalbos gairių 18B skyriaus 2.2 dalies b papunkčiui „Riba“ [17].Trečia, savivaldybė laikėsi nuomonės, kad buvo pagrindo skeptiškai vertinti naująjį įmonių FIGA/Nortakst įkainojimą, kai buvo padaryta išvada, kad vertė siekė NOK 1,055 mlrd. Savivaldybė teigė, kad įmonės FIGA/Nortakst įkainojimas buvo pagrįstas prielaida, kad per ateinančius 10 metų šio turto kainos kasmet didės 4 %, tuo tarpu nuo 2002 m. 2-ojo ketvirčio iki 2003 m. 2-ojo ketvirčio kainos krito 5,2 %.
English: Holm holds forth, in particular, that the estimates of potential gains from sectioning were largely overestimated as the method of calculation of the sectioning value was unacceptable, among other things, based on technical value and due to assumptions on high annual rise in sales worth. Holm states that he finds ‘these calculations to be irrelevant for the sales value and the sectioning potential.’
Lithuanian: Įmonė Holm ypač tvirtai laikosi nuomonės, kad buvo apskaičiuotas gerokai per didelis galimas pelnas iš butų pardavimo dalimis, nes butų vertės juos parduodant dalimis apskaičiavimo metodas buvo nepriimtinas, be to, buvo grindžiamas technine verte ir prielaidomis, kad metinė pardavimo vertė labai padidės.
English: Agdestein
Slovak: Spoločnosť Agdestein
Lithuanian: Agdesteinas
English: Deductions for initial refurbishments during the period 2001-2005:
Polish: Odliczenia z tytułu początkowego odnowienia w okresie 2001–2005:
Latvian: Atskaitījumi par sākotnējām renovācijas izmaksām laikā no 2001. –2005. gadam:
Lithuanian: Atskaitymai už pradinį butų atnaujinimą 2001–2005 m. laikotarpiu:
English: The lowest indicated price is NOK 670 Million and the highest is NOK 1143 Million. In light of these diverging results, the Authority considers it necessary to assess these evaluations in some detail, in order to establish, which one of these evaluations best reflects the market value of the apartments.
Lithuanian: Žemiausia nurodyta kaina siekia NOK 670 mln., o aukščiausia – NOK 1,143 mlrd. Dėl šių rezultatų skirtumų Institucija laikosi nuomonės, kad būtina įvertinti šiuos vertinimus išsamiau, siekiant nustatyti, kuris vertinimas geriausiai atspindi butų rinkos vertę.
English: The first appraisal by Catella delivered on 30 March 2001, established a value of NOK 1143 Million. According to the Municipality, this appraisal included real estate which was not covered by the sale.
Lithuanian: Po pirmojo įkainojimo, kurį įmonė Catella pateikė 2001 m. kovo 30 d., nustatyta vertė siekė NOK 1,143 mlrd. Savivaldybės teigimu, į šį įkainojimą įėjo ir tas nekilnojamasis turtas, kuris nebuvo parduodamas.
English: As minimum maintenance had been carried out in the period from 2001 until the inspection took place in early January 2005, Holm deems the information gathered to be representative for the situation in 2001. Detailed cost estimations have been undertaken in relation to upgrading (windows, balconies, bathrooms, etc.).
Lithuanian: Kadangi nuo 2001 m. iki patikrinimų 2005 m. sausio mėn. pradžioje butai buvo minimaliai prižiūrimi, įmonė Holm laikosi nuomonės, kad surinkta informacija atspindi padėtį 2001 m. Buvo išsamiai apskaičiuotos su (langų, balkonų, vonios kambarių ir t. t.) atnaujinimu susijusios išlaidos.
English: The two final offers were made at NOK 690 Million and NOK 735 Million. Although the bidding procedure was not in compliance with the State Aid Guidelines (see above), it still provides certain guidance as to what the Norwegian market would be willing to offer for such a real estate object.
Lithuanian: Du paskutiniai pasiūlymai siekė NOK 690 mln. ir NOK 735 mln. Nors konkursas neatitiko Valstybės pagalbos gairių (žr. pirmiau), visgi jis suteikia tam tikros informacijos apie tai, ką Norvegijos rinka gali pasiūlyti už tokį nekilnojamojo turto objektą.
English: In the documentation from the Municipality of Oslo [7], the Municipality argued firstly that the sale was within the requirements set by the Authority's State Aid Guidelines [8]. The Municipality claimed that an independent expert evaluation was carried out in accordance with Chapter 18B.2.2 of the State Aid Guidelines and that the divergence of 3,4 % between the sales price and the value assessment was in line with market conditions as described in Chapter 18B.2.2(b) of the State Aid Guidelines [9].
Latvian: Savos dokumentos [7] Oslo municipalitāte, pirmkārt, uzsvēra, ka pārdošana veikta saskaņā ar Uzraudzības iestādes Valsts atbalsta pamatnostādnēs paredzētajiem noteikumiem [8] Municipalitāte apgalvoja, ka neatkarīgu ekspertu novērtējums veikts saskaņā ar Valsts atbalsta pamatnostādņu 18.B.2.2. nodaļu un ka 3,4 % starpība starp pārdošanas cenu un novērtējuma vērtību atbilst tirgus nosacījumiem, kā aprakstīts Valsts atbalsta pamatnostādņu 18.B.2.2.(b) nodaļā [9].
English: Deductions for liens and contractual limitations are related to paragraph 8 — the ‘as-is’ clause — in the contract between the Municipality of Oslo and Fredensborg. Holm considered that this represented a risk to the buyer.
Latvian: Atskaitījumi par apgrūtinājumiem un līgumierobežojumiem ir saistīti ar Oslo municipalitātes un Fredensborg noslēgtā līguma 8. punktu – klauzulu par dzīvokļu faktisko stāvokli.
English: Secondly, the Municipality pointed out that the sales process had to be seen in light of the time constraints. The Government, implementing a hospital reform, was the cause of the time constraint that the Municipality was subject to.
Portuguese: Em segundo lugar, o Município salientou que o processo de venda deve ser apreciado à luz da pressão, a que foi submetido na sequência da realização de uma reforma hospitalar pelo Governo.
Dutch: In de tweede plaats verklaarde de gemeente dat de verkoop moest worden gezien in het licht van de tijdsdruk als gevolg van de door de regering doorgevoerde ziekenhuishervorming.
English: Investors were asked to submit their bids by 2 May 2001, and the bidding contest was brought to an end on 3 May 2001. Five companies submitted the following offers in the first round on 2 May 2001. These were:
Polish: Inwestorów poproszono o złożenie ofert do dnia 2 maja 2001 r., a przetarg zakończono dnia 3 maja 2001 r. Pięć spółek złożyło następujące oferty w pierwszej turze dnia 2 maja 2001 r. Oferenci to:
English: The Municipality stated that FIGA/Nortakst based its appraisal on an annual price increase for the property over the next 10 years of 4 %, while the prices fell by 5,2 % from the 2nd quarter 2002 to the 2nd quarter 2003. The Municipality considered that the FIGA/Nortakst assessment could not be relied upon.
Polish: Gmina Miejska stwierdziła, iż szacunek firm FIGA/Nortakst opiera się na rocznym wzroście ceny za nieruchomość przez następne 10 lat wynoszącym 4 %, podczas gdy ceny spadły o 5,2 % od drugiego kwartału 2002 r. do drugiego kwartału 2003 r. Gmina Miejska uznała, iż nie można polegać na ocenie firm FIGA/Nortakst.
English: The Decision to open the formal investigation procedure was published on 4 December 2003. The Authority received one comment from third parties to the opening decision.
Polish: Decyzję o wszczęciu formalnego postępowania wyjaśniającego opublikowano dnia 4 grudnia 2003 r. Urząd otrzymał jedną uwagę od stron trzecich do decyzji o wszczęciu postępowania.
English: Deductions for liens and contractual limitations:
Portuguese: Deduções relativas a direitos reais de garantia e limitações contratuais:
Polish: Odliczenia z tytułu praw zatrzymania oraz ograniczeń wynikających z umów:
English: The Norwegian authorities agreed to an extension of the deadline for taking a final decision until the end of February 2005. The letters from the Ministry of Modernisation and the Ministry of Health and Care Services were also sent by telefax dated 10 January 2005 (Event No: 304852).
Polish: Władze norweskie wyraziły zgodę na przedłużenie terminu podjęcia ostatecznej decyzji do końca lutego 2005 r. Pisma z Ministerstwa Modernizacji oraz z Ministerstwa Usług Opieki Zdrowotnej przesłano również faksem z dnia 10 stycznia 2005 r. (nr zdarzenia: 304852).
English: The Municipality of Oslo referred to the fact that Akershus considered that the value calculated by Catella did not reflect market value. One reason for this was that Akershus considered that the stipulated rentals were too high and the estimated initial costs too low.
Portuguese: O Município de Oslo referiu-se ao facto de a Akershus entender que o valor calculado pela Catella não reflectia o valor de mercado, nomeadamente porque considerava que as rendas estabelecidas eram excessivamente altas e as estimativas dos custos iniciais excessivamente baixas.
English: No project gains or risks had been incorporated in the estimates. According to BER, the FIGA/Nortakst appraisal was also a theoretic ‘going concern’ value assessment. No project risks or gains had been taken into account.
Portuguese: Segundo a BER, a avaliação FIGA/Nortakst também era uma avaliação teórica que se baseara no pressuposto da continuidade da exploração: não tinham sido considerados os riscos nem os lucros do projecto, o que não reflectia a forma como os proponentes normalmente actuam neste tipo de mercado.
English: Holm concluded i.a. that the market rents were underestimated. On the contrary, OPAK did not take into account that there were limitations as to how fast rents could be brought up to market level.
Portuguese: Holm concluiu, nomeadamente, que as rendas no mercado tinham sido subestimadas e que, em contrapartida, tinha sido sobrestimado o ritmo a que as rendas podiam ser actualizadas para o valor de mercado.
English: By letter dated 22 December 2004 (Event No: 303758), the Authority requested additional information from the Norwegian authorities concerning the conciliation process between the State and the Municipality of Oslo, the views of the Norwegian authorities regarding whether the sale contained state aid and more detailed information concerning the sales process. The Authority also informed the Norwegian authorities that it had engaged an independent expert, Eirik Holm AS, to assess i.a. the previous value assessments.
Portuguese: Por carta de 22 de Dezembro de 2004 (Caso n.o 303758), o Órgão de Fiscalização solicitou às Autoridades norueguesas que lhe enviasse observações complementares sobre o processo de conciliação entre o Estado e o Município de Oslo, o seu parecer sobre a possibilidade de a venda conter elementos de auxílio estatal e informações mais pormenorizadas sobre o processo de venda.
English: By letter dated 13 May 2004 from the Mission of Norway to the European Union, forwarding a letter dated 10 May 2004 from the Ministry of Trade and Industry, both received and registered on 15 May 2004 (Event No: 281488), the Norwegian authorities stated that they did ‘not have any comments to the third party comment received by the Authority’. The letter dated 10 May 2004 from the Ministry of Trade and Industry was also sent by telefax dated 10 May 2004, received and registered on 11 May 2004 (Event No: 281014).
Slovak: Nórske orgány listom z 13. mája 2004 Delegácie Nórska pri Európskej únii, prostredníctvom ktorého ktorý postúpili list z 10. mája 2004 ministerstva obchodu a priemyslu, ktorý orgán dostal a zaevidoval 15. mája 2004 (č. dok.: 281488), uviedli, že „nemajú žiadne pripomienky k pripomienkam tretích strán, ktoré dostal orgán.“ List z 10. mája 2004 ministerstva obchodu a priemyslu bol odoslaný aj faxom 10. mája 2004 a orgán ho dostal a zaevidoval 11. mája 2004 (č. dok.: 281014).
English: Catella
Slovak: Spoločnosť Catella
English: OPAK
Slovak: Spoločnosť OPAK
English: FIGA/Nortakst
Slovak: Spoločnosti FIGA/Nortakst
English: Holm therefore concluded that: ‘The result of this is that the useful application of the valuations in the context in which they are envisaged to be applied is limited’. His conclusions concerning the different appraisals in relation to his own findings and assumptions are as follows:
Slovenian: Holm je zato zaključil: „Posledica tega je, da je koristna uporaba ocen v okviru, v katerem naj bi se uporabile, omejena.“ Njegovi zaključki v zvezi z različnimi ocenami v primerjavi z njegovimi lastnimi ugotovitvami in predpostavkami so naslednji:
English: Concerning the apartments, the Municipality provided certain comments. Firstly, the size of the portfolio implied that there were not many actors in the market who could be expected to be potential buyers.
Swedish: Beträffande lägenheterna anförde Oslo kommun följande synpunkter: För det första var portföljens storlek sådan att det inte var troligt att det skulle finnas så många potentiella köpare på marknaden.
English: In the letter dated 14 May 2003 from the Municipality of Oslo, the Municipality referred to the unconditional bidding procedure (cf. Chapter 18B.2.1 of the State Aid Guidelines) and stated that: ‘The Municipality will not argue that the procedure followed when the apartments were sold were in full compliance with the requirements set out in the Guidelines. The sale of the apartments was not made public in the way prescribed in clause 18B.2.1(a) of the Guidelines’.
Swedish: I skrivelsen av den 14 maj 2003 anger Oslo kommun att den ”inte kommer att hävda att anbudsförfarandet var i full överensstämmelse med kraven i punkt 2.1 i kapitel 18B i riktlinjerna samt att försäljningen av lägenheterna inte offentliggjordes på det som krävs enligt punkt 2.1 a i artikel 18B i riktlinjerna.”