FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The main pension fund for OTE employees is TAP-OTE. TAP-OTE is an independent legal body governed by public law, like all other pension funds in Greece.
Spanish: El fondo de pensiones principal para los trabajadores OTE es TAP-OTE, una entidad independiente con personalidad jurídica de Derecho público, al igual que los restantes fondos de pensiones griegos.
Italian: Il fondo che eroga la pensione principale ai dipendenti dell’OTE è il TAP-OTE, una persona giuridica autonoma di diritto pubblico, come tutti gli altri fondi previdenziali in Grecia.
Portuguese: O principal fundo de pensões dos trabalhadores da OTE é o TAP-OTE, uma entidade juridicamente independente de direito público, tal como os restantes fundos de pensões gregos.
English: It covers both OTE employees and employees of other companies. It is divided into a pension division and a health division.
Spanish: Cubre tanto a los trabajadores de OTE como de otras empresas y está dividido en una división de pensiones y una división de seguro de enfermedad.
Portuguese: Abrange tanto os trabalhadores da OTE como os de outras empresas e está organizado em duas divisões: uma divisão de pensões e uma divisão de seguro de doença.
English: Reference should also be made to the Commission’s decision in the EDF case (see footnote 16). In EDF, the Commission declared compatible a measure whereby the French State relieved enterprises in the French electricity and gas sectors of the payment of some of the specific pension rights the employees had acquired in the past, at a time when companies were operating under a legal monopoly.
Spanish: También hay que hacer referencia a la Decisión de la Comisión en el asunto EDF (véase la nota 16), en el que la Comisión declaró compatible una medida por la cual el Estado francés aliviaba a empresas de los sectores de la electricidad y del gas del pago de parte de los derechos de pensión específicos que los trabajadores habían adquirido en el pasado, en un momento en que las empresas actuaban en situación de monopolio legal.
Portuguese: Também há que fazer referência à decisão da Comissão no processo EDF (ver nota de rodapé 16), em que a Comissão declarou compatível uma medida pela qual o Estado francês dispensava as empresas dos sectores da electricidade e do gás do pagamento de parte dos direitos de pensão específicos que os trabalhadores tinham adquirido no passado, num momento em que as empresas actuavam em situação de monopólio legal.
English: (11 %) and the public at large (10 %). In August 2005, through a convertible bonds transaction, Hellenic Exchangeable Finance sold its 11 % participation in OTE to the Greek State.
Estonian: Augustis 2005 müüs Hellenic Exchangeable Finance vahetusvõlakirjade tehingu kaudu 11 % oma osalusest ettevõtjas OTE Kreeka riigile.
English: Pursuant to Law No 1264/1982, public companies or utilities are exempted from the advertising tax only if their share capital belongs by absolute majority to the Greek State. Accordingly, OTE and all other telecom providers are now liable to pay the advertisement tax.
Estonian: Kreeka ametiasutused märgivad, et hiljutise seaduse nr 3470/2006 artikliga 24 nähakse selgelt ette OTE ja teiste sideteenuste pakkujate sellise eristaatuse lõppemine, mis annab neile õiguse mitte maksta reklaamimaksu.
English: At the time of the notification, the Greek State held 38 % of the company’s share capital, with the remaining capital being held by Greek institutional investors (12 %), international investors (29 %), Hellenic Exchangeable Finance S.C.A. (11 %) and the public at large (10 %).
French: À la date de la notification, l’État grec détenait 38 % du capital de l’entreprise, tandis que le reste se partageait entre des investisseurs institutionnels grecs (12 %), des investisseurs étrangers (29 %), Hellenic Exchangeable Finance S.C.A (11 %) et la communauté élargie des investisseurs (10 %).
Dutch: Ten tijde van de aanmelding bezat de Griekse staat 38 % van het aandelenkapitaal van de vennootschap; de rest van het kapitaal was in handen van Griekse institutionele beleggers (12 %), internationale beleggers (29 %), Hellenic Exchangeable Finance SCA (11 %) en het grote publiek (10 %).
Finnish: Tiedoksiannon hetkellä Kreikan hallituksella oli 38 prosentin osuus yhtiön osakepääomasta, ja loppu on kreikkalaisilla yhteisösijoittajilla (12 prosenttia), kansainvälisillä sijoittajilla (29 prosenttia), Hellenic Exchangeable Finance S.C.A.:lla (11 prosenttia) ja muilla sijoittajilla (10 prosenttia).
Lithuanian: Pranešimo pateikimo metu Graikijos valstybei priklausė 38 % bendrovės akcinio kapitalo, o kita kapitalo dalis priklausė Graikijos instituciniams investuotojams (12 %), tarptautiniams investuotojams (29 %), Hellenic Exchangeable Finance S. C. A. (11 %) ir kitiems asmenims (10 %).
English: Such advantages could result from the specific employment status of OTE employees, the specific legal framework applicable to OTE or specific interventions, reducing OTE’s labour costs below the labour costs of companies subject to the generally applicable labour laws. References were made to a possible exemption of OTE from unemployment contributions and a relief in the past from its pension obligations.
Finnish: Tällaiset edut voivat aiheutua OTEn työntekijöiden erityisasemasta, yleisesti OTEen sovellettavasta erityisestä oikeusperustasta tai erityistoimista (kuten vapautus työttömyysmaksuista tai eläkevelvoitteita koskevat huojennukset), jotka vähentävät OTEn työvoimakustannuksia siten, että ne alittavat sellaisten yritysten työvoimakustannukset, joihin sovelletaan työlainsäädännössä yleisesti asetettuja velvoitteita.
English: In particular, the Greek State does not intervene to finance the existing pension liabilities of OTE or to cover any sort of pension deficit that should have been assumed by the company. OTE has paid all its past employer contributions to TAP-OTE in full, and is also paying all the costs of the VRS, up to the effective date of the implementation of the VRS, with the exception of the costs that a private company would not have to bear had it had to take similar measures to reduce its workforce.
French: En particulier, l’État grec n’intervient pas dans le financement des obligations de retraite existantes de l’OTE, pas plus qu’il ne couvre un quelconque déficit qui serait lié aux pensions et qui devait être pris en charge par la société. l’OTE a intégralement versé toutes ses cotisations patronales passées au TAP-OTE et couvre l’ensemble du coût du RPV jusqu’à la date de son application, à l’exception du coût qu’une société privée n’aurait pas eu à supporter si elle avait pris de telles mesures de réduction de son personnel.
English: The Greek authorities consider that the State’s contribution to the VRS does not constitute State aid. In providing finance for the VRS, the Greek State has acted like a private investor.
Italian: Le autorità greche ritengono che il contributo dello Stato al PPV non si configuri come un aiuto di Stato poiché, finanziando il PPV, lo Stato greco ha agito come un investitore privato.
Dutch: De Griekse autoriteiten zijn van oordeel dat de bijdrage van de staat aan de vrijwillige VUT-regeling geen staatssteun is aangezien de Griekse staat heeft gehandeld als een particuliere investeerder.
Hungarian: A görög hatóságok véleménye szerint az állam által a nyugdíjprogramhoz nyújtott hozzájárulás nem minősül állami támogatásnak, mivel az állam magánbefektetőként lépett fel.
English: Comments were submitted by a law firm which has also asked for anonymity since it is involved in litigation against OTE on behalf of other operators. The law firm’s main arguments can be summarised as follows.
Hungarian: Észrevételeket tett egy ügyvédi iroda, amely szintén nevének elhallgatását kérte, mivel egyéb piaci szereplők megbízásából az OTE-val jogi vitában áll. Az iroda fő érvei az alábbiakban foglalhatók össze.
English: With regard to the alleged advantages that OTE derived from its former monopoly position, the Greek authorities emphasise that since 2001, the Greek telecommunications market has been fully liberalised and subject to the ex ante regulatory supervision of EETT, the national regulatory authority. The alleged abusive behaviour of OTE would have to be dealt with under the respective sector-specific rules of the new regulatory framework and the relevant directives thereof.
Hungarian: Az OTE korábbi monopolhelyzetéből adódó állítólagos előnyeit illetően a görög hatóságok hangsúlyozzák, hogy 2001 óta a görög távközlési piac teljesen liberalizált, és a nemzeti szabályozó hatóság, a Görög Telekommunikációs és Posta Bizottság előzetes szabályozási felügyelete alatt áll. Az OTE állítólagos visszaéléseire az új jogi keret megfelelő, ágazatspecifikus szabályait és megfelelő irányelveit kell alkalmazni.
English: On 3 May 2006, Greece submitted its comments and the information requested by the abovementioned decision. Further information was submitted on 14 July 2006, 2 August 2006, and 3, 5, 6 and 9 October 2006.
Italian: Il 3 maggio 2006 la Grecia ha presentato le osservazioni e le informazioni richieste nella suddetta decisione e ha inviato altre informazioni supplementari il 14 luglio, il 2 agosto e il 3, 5, 6 e 9 ottobre 2006.
English: On 20 December 2005 the Greek authorities submitted to the Commission updated calculations based on the definitive number of employees who had applied for the VRS. In updating its calculations, the Greek authorities asked the Commission also to take into account certain extra costs that had arisen due to unavoidable time delays in the initially planned launch of the implementation of the VRS (deferral costs) [14].
Italian: Il 20 dicembre 2005 le autorità greche hanno presentato alla Commissione calcoli aggiornati, basati sul numero definitivo dei dipendenti che avevano presentato la domanda per essere ammessi al PPV, e hanno chiesto alla Commissione di tenere conto anche di altri costi supplementari causati da inevitabili ritardi nell’avvio del piano PPV rispetto a quanto previsto inizialmente («costi di differimento») [14].
English: First, the Greek State’s contribution does not fulfil the requirements of the private investor principle since the VRS was never submitted to OTE shareholders for approval. The Greek authorities had also failed to show that they could expect a reasonable return from the contribution at issue.
Italian: Anzitutto, il contributo dello Stato greco non soddisfa le condizioni del principio dell’investitore privato, poiché il PPV non è mai stato sottoposto agli azionisti dell’OTE per approvazione, né le autorità greche hanno potuto dimostrare di potersi attendere un ragionevole rendimento dal loro contributo.
English: The overall nominal costs of the VRS have been audited and verified by KPMG, the auditors of OTE. These are the costs audited in OTE’s 2005 International Financial Reporting Standards (IFRS) Statements [20].
Italian: Sul costo nominale totale del PPV ha effettuato audit e verifica la KPMG, revisore contabile dell’OTE, basandosi sui rendiconti finanziari dell’OTE per il 2005, secondo i principi internazionali d’informativa finanziaria («IFRS») [20].
English: The Hay Group report collected data from various companies in Greece and in the rest of Europe that had experienced a downsizing process over the past years. It surveyed more than 40 different organizations that are Greek-owned or local operations of multinational companies.
Italian: L’Hay Group ha raccolto nella sua relazione i dati riguardanti varie società greche e del resto dell’Europa che hanno proceduto in passato a ridurre il loro personale, prendendo in considerazione oltre 40 diverse imprese di proprietà greca o filiali greche d’imprese multinazionali.
English: However, CRA International takes the view that in the present case, the contribution of systematic costs to the costs arising from the VRS is small to insignificant. This is because (a) the evolution of salaries of OTE employees follow a strict scale that significantly reduces the uncertainties about salary variations over time, and (b) any uncertainty that may persist is not correlated to OTE’s performance (the annual increase in the salary grid is not correlated to OTE’s overall economic performance).
Italian: Tuttavia, la CRA ritiene che nel caso in esame il contributo dei costi sistemici al costo del PPV sia esiguo se non insignificante, poiché a) le retribuzioni dei dipendenti dell’OTE si evolvono secondo uno schema rigoroso, che riduce in misura considerevole le incertezze riguardanti le variazioni retributive nel corso del tempo; b) ogni incertezza eventualmente persistente non è correlata con la redditività dell’OTE (l’aumento annuale della scala retributiva non è in rapporto con i risultati economici complessivi dell’OTE).
English: The first scenario is based on the higher OTE WACC discount rate (7,8 %). Under this scenario, the extra burden is reduced to EUR 390,4 million. The second scenario assumes that there is no tax deductibility. Under this scenario, the extra burden increases to EUR 540,2 million when using the OTE’s WACC, and to EUR 643,4 million when using the risk-free discount rate of 3 %.
Italian: Nel primo scenario, che si basa sul tasso di sconto del WACC dell’OTE, che più elevato (7,8 %), l’onere supplementare si riduce a 390,4 Mio EUR. Nel secondo scenario si presume che non vi sia la possibilità di deduzioni fiscali: l’onere supplementare aumenta quindi a 540,2 Mio EUR utilizzando il WACC dell’OTE ed a 643,4 Mio EUR utilizzando il tasso di sconto privo di rischi del 3 %.
English: The Greek authorities contest that the partial reduction of OTE’s costs of the VRS confers an advantage on the company, and has an impact on competition, on the grounds that it frees OTE from a structural disadvantage and ensures that the company will be subject to the same, less burdensome, labour law arrangements as any other company in the Greek electronic communications market. In this regard, the Greek authorities have relied on the Combus judgment delivered by the Court of First Instance.
Italian: Le autorità greche contestano che la parziale riduzione del costo del PPV conferisca un vantaggio all’OTE e incida sulla concorrenza, poiché in tal modo si libera l’OTE da uno svantaggio strutturale e si assicura che questa impresa sia soggetta al medesimo regime giuridico, meno gravoso, che si applica a qualsiasi altra impresa sul mercato greco delle comunicazioni elettroniche.
English: In this regard, the present case bears a number of similarities with Combus. In Combus, the Danish State did not compensate the company concerned but the officials employed by it.
Italian: Sotto tale aspetto, il caso in esame presenta alcune analogie con il caso Combus, nel quale lo Stato danese aveva concesso compensazioni non all’impresa interessata ma ai suoi impiegati.
English: According to Articles 2 and 17 of the statute, OTE cannot unilaterally terminate an employment contract. This implies that OTE cannot freely operate in the market by deciding which employees must leave or by forcing them unilaterally to leave after offering them legal compensation in return.
Italian: A norma degli articoli 2 e 17 di tale legge, l’ΟΤΕ non può risolvere unilateralmente un contratto di lavoro, il che comporta per l’ΟΤΕ l’impossibilità di agire liberamente sul mercato, scegliendo gli impiegati da licenziare o costringendoli unilateralmente a lasciare il lavoro e offrendo loro la compensazione prevista dalla legge per tale evenienza.
Portuguese: Nos termos dos artigos 2.o e 17.o do referido Estatuto, a OTE não pode rescindir unilateralmente um contrato de trabalho, o que implica que não pode actuar livremente no mercado, seleccionando os trabalhadores que pretende despedir ou forçando-os unilateralmente a fazê-lo após o pagamento da indemnização prevista pela lei.
English: Besides TAP-OTE, there is also an auxiliary fund. The OTE auxiliary fund has two schemes, the assistance scheme and the auxiliary insurance scheme.
Italian: Oltre al TAP-OTE, vi è anche un fondo ausiliario dell’OTE comprendente due rami: il ramo assistenziale e il ramo integrativo.
English: Likewise, the fall in market share as well as wider technological trends, such as fixed-to-mobile substitution, have also led to a fall in OTE’s fixed revenues from around EUR 3,4 billion in 2001 to around EUR 2,6 billion in 2005. The decline in revenues has not been matched by a fall in operating costs and in 2004 the company recorded a net operating loss for the first time in its history.
Polish: Jednocześnie zmniejszenie udziału w rynku oraz generalne trendy technologiczne, takie jak wypieranie telefonii stacjonarnej przez telefonię komórkową, doprowadziły do zmniejszenia stałych dochodów OTE z około 3,4 mld EUR w 2001 r. do około 2,6 mld EUR w 2005 r. Zmniejszeniu przychodów nie towarzyszyło jednak zmniejszenie kosztów operacyjnych i w 2004 r. firma po raz pierwszy w historii odnotowała straty netto z działalności operacyjnej.
Lithuanian: Taip pat dėl rinkos dalies sumažėjimo ir kintančių technologinių tendencijų, pavyzdžiui, fiksuotojo ryšio pakeitimo mobiliuoju, OTE fiksuotos pajamos nuo 3,4 mlrd. EUR 2001 m. sumažėjo iki 2,6 mlrd. EUR 2005 m. Sumažėjus pajamoms, veiklos išlaidos nesumažėjo, ir 2004 m. bendrovė pirmą kartą per savo gyvavimo istoriją patyrė grynąjį veiklos nuostolį.
English: The State’s contribution compensates OTE only for the permanency and high salaries costs that arise from the extra notional years that are given to employees who would have reached the mandatory retirement age from 2005 to 2012. In particular, the Greek State does not intervene to finance the existing pension liabilities of OTE or to cover any sort of pension deficit that should have been assumed by the company.
Polish: Wkład państwa rekompensuje OTE wyłącznie koszt gwarantowanego zatrudnienia i wysokich wynagrodzeń, wynikający z dodatkowych fikcyjnych lat pracy uznawanych pracownikom osiągającym wiek obowiązkowej emerytury w okresie od 2005 do 2012 r. W szczególności państwo greckie nie ingeruje w finansowanie istniejących zobowiązań emerytalnych OTE ani nie pokrywa żadnego deficytu emerytalnego, który powinno wziąć na siebie przedsiębiorstwo.
Lithuanian: Valstybės įnašas kompensuoja tik su nuolatiniu darbuotojų statusu ir dideliais atlyginimais susijusias OTE išlaidas, atsirandančias dėl papildomo „fiktyvaus“ stažo, pripažįstamo darbuotojams, kuriems suėjęs privalomasis pensinis amžius 2005–2012 m. Visų pirma Graikijos valstybė nesikiša, kad padėtų finansuoti dabartinius OTE įsipareigojimus pensijų srityje arba padengti bet kokios rūšies pensijų deficitą, kurį turėjo padengti pati bendrovė.
English: At that date, the State’s contribution corresponded to around EUR 315 million. Since then, the share price of OTE has gradually increased, fluctuating from EUR 23 in mid-January 2007 to EUR 21 on 27 February 2007. Thus on 27 February 2007, the value of the 4 % shareholding of the Greek State in OTE stood at around EUR 410089618.
Lithuanian: OTE akcijų uždarymo kaina buvo 16,35 EUR. Tą dieną valstybės įnašas buvo apytikriai 315 mln. EUR. Nuo tada OTE akcijų kaina laipsniškai kilo ir svyravo nuo 23 EUR 2007 m. sausio mėn. viduryje iki 21 EUR 2007 m. vasario 27 d. Taigi 2007 m. vasario 27 d. Graikijos valstybės turimų 4 % OTE akcijų vertė buvo apytikriai 410089618 EUR.
English: After having requested and been granted an extension, the Greek authorities submitted further information by letter registered by the Commission on 9 November 2005. On 22 December 2005, the Greek authorities complemented their above-mentioned reply with additional information.
Polish: Władze greckie po złożeniu wniosku i otrzymaniu zgody na przedłużenie terminu przesłały dodatkowe wyjaśnienia w piśmie otrzymanym w dniu 9 listopada 2005 r. W dniu 22 grudnia 2005 r. władze greckie przesłały dodatkowe informacje uzupełniające ich wcześniejszą odpowiedź.
English: The relevant legislation was passed on 14 July 2005 (Law No 3371/2005) and the VRS agreement between OTE and the trade union was finalized on 20 July 2005. This provided the legal framework which OTE needed in order to offer early retirement to around 6000 people while at the same time being able to take on new staff (around 1200 people) subject to the ordinary labour laws (i.e. with no permanent status).
Polish: Odpowiednie przepisy przyjęto dnia 14 lipca 2005 r. na mocy ustawy nr 3371/2005, a porozumienie w sprawie WPE między OTE a pracowniczymi związkami zawodowymi zostało zatwierdzone w dniu 20 lipca 2005 r. Porozumienie zapewniło niezbędne ramy prawne dla ΟΤΕ umożliwiające zaoferowanie ok. 6000 pracowników wcześniejszego przejścia na emeryturę i pozwalając tym samym na zatrudnienie nowego personelu (około 1200 osób), zgodnie z powszechnym prawem pracy, w szczególności rezygnując z systemu gwarantowanego zatrudnienia.
English: In the notification, the Greek authorities explained that the costs of the VRS based on the expected departure of 6000 employees would amount to approximately EUR 1,5 billion spread over a period of seven years (i.e. from 2005 to 2012), with the main costs accruing from 2005 to 2007. In 2005 the expected costs of the scheme were estimated at around EUR 500 million. At current prices, the costs would amount to approximately EUR 1,2 billion [10].
Polish: W swoim komunikacie greckie władze wyjaśniły, że koszt WPE przy oczekiwanym odejściu 6000 pracowników osiągnie około 1,5 mld EUR rozłożonych na siedem lat (2005–2012), przy czym główna część kosztów przypadać będzie na okres od 2005 do 2007 r. W 2005 r. oczekiwany koszt programu oszacowano na około 500 mln EUR. Przy bieżących cenach koszt osiągnie około 1,2 mld EUR [10].
English: On the date of the publication of Law No 3371/2005 (14 July 2005), the closing price of the OTE share was EUR 16,35. At that date, the State’s contribution corresponded to around EUR 315 million. Since then, the share price of OTE has gradually increased, fluctuating from EUR 23 in mid-January 2007 to EUR 21 on 27 February 2007. Thus on 27 February 2007, the value of the 4 % shareholding of the Greek State in OTE stood at around EUR 410089618.
Polish: W dniu publikacji ustawy nr 3371/2005 (14 lipca 2005 r.), cena jednej akcji OTE w chwili zamknięcia wyniosła 16,35 EUR. Tego dnia wkład państwa odpowiadał kwocie równej około 315 mln EUR. Kurs akcji OTE wzrastał stopniowo, wahając się od 23 EUR w połowie stycznia 2007 r. do 21 EUR 27 lutego 2007 r. Dnia 27 lutego 2007 r. wartość 4 % akcji OTE należących do państwa wynosiła około 410089618 EUR.
English: Part of the VRS cost, i.e. the cost of the one-off VRS payments, has been calculated by Prudential, an independent employee benefits consulting firm. Prudential carried out an actuarial study pursuant to Article 74 of Law No 3371/2005.
Portuguese: Parte do custo do RRAV, ou seja, o custo das prestações em capital, foi calculado por uma empresa independente especializada em questões laborais, a Prudential, que levou a cabo um estudo actuarial em conformidade com o disposto no artigo 74.o da Lei n.o 3371/2005.
English: It should be recalled that from 2005, all publicly-traded EU companies are required to prepare their consolidated accounts using the IFRS. See Commission Regulation (EC) No 1725/2003 of 29 September 2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council (OJ L 261, 13.10.2003, p. 1).
Portuguese: Recorde-se que, desde 2005, todas as empresas cotadas em bolsa na União Europeia devem elaborar as suas contas consolidadas utilizando as IFRS, ver Regulamento (CE) n.o 1725/2003 da Comissão, de 21 de Setembro de 2003, que adopta certas normas internacionais de contabilidade, nos termos do Regulamento (CE) n.o 1606/2002 do Parlamento Europeu e do Conselho, (JO L 261 de 13.10.2003, p. 1).
English: Since then, the share price of OTE has gradually increased, fluctuating from EUR 23 in mid-January 2007 to EUR 21 on 27 February 2007. Thus on 27 February 2007, the value of the 4 % shareholding of the Greek State in OTE stood at around EUR 410089618.
Swedish: Efter detta datum har OTE-aktiens värde gradvis ökat, och fluktuerat från 23 euro i mitten av januari 2007 till 21 euro den 27 februari 2007, då värdet på den grekiska statens innehav i OTE således uppgick till cirka 410089618 euro.