FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: In Decision No 421/04/COL, the Authority emphasised that the Icelandic authorities had not provided any arguments or respective documentary evidence to assess the compatibility of the aid with the R & R guidelines. The Icelandic authorities forwarded a restructuring plan for Sementsverksmiðjan hf. with a letter dated February 2005.
French: Dans la décision no 421/04/COL, l’Autorité a souligné le fait que les autorités islandaises n’avaient fourni aucun argument ou preuve documentée permettant de confirmer la compatibilité de l’aide avec les lignes directrices S & R. Les autorités islandaises ont transmis un plan de restructuration de Sementsverksmiðjan hf par lettre datée de février 2005.
Spanish: En la Decisión no 421/04/COL, el Órgano puso de relieve que las autoridades islandesas no habían facilitado ningún argumento o prueba documental con el fin de evaluar la compatibilidad de la ayuda con las Directrices sino que enviaron un plan de reestructuración de Sementsverksmiðjan hf. mediante carta de febrero de 2005.
Portuguese: Na Decisão n.o 421/04/COL, o Órgão de Fiscalização sublinhava que as Autoridades islandesas não tinham apresentado argumentos ou as respectivas provas documentais que permitissem avaliar a compatibilidade do auxílio com as Orientações E & R. Por carta de Fevereiro de 2005, as Autoridades islandesas enviaram um plano de reestruturação da Sementsverksmiðjan hf.. No ponto que se segue, o Órgão de Fiscalização avaliará se estas nova informações permitem concluir que o auxílio satisfaz os requisitos das Orientações E & R [32].3.1.
Romanian: În Decizia nr. 421/04/COL, Autoritatea a evidențiat faptul că autoritățile islandeze nu au furnizat niciun argument sau documentele justificative relevante pentru a se evalua compatibilitatea ajutorului cu Orientările S & R. Autoritățile islandeze au transmis un plan de restructurare pentru Sementsverksmiðjan hf. printr-o scrisoare din februarie 2005.
Maltese: Fid-Deċiżjoni Nru 421/04/COL, l-Awtorità enfasizzat il-fatt li l-awtoritajiet tal-Islanda ma ressqux argumenti jew evidenza dokumentata rispettiva għall-finijiet tal-evalwazzjoni tal-kumpatibbiltà tal-għajnuna mal-Linji Gwida S & R. L-awtoritajiet tal-Islanda għaddew il-pjan ta’ ristrutturar ta’ Sementsverksmiðjan hf. b’ittra datata Frar 2005.
English: Consequently, production went down by more than […] %. Operational results were worsening rapidly during the same period.
Spanish: Los resultados operativos empeoraron rápidamente durante el mismo período.
English: Between 2000 and 2002, the total debt of Sementsverksmiðjan hf. went from ISK 733 million to ISK 1157 million. Current assets decreased from ISK 750 million to ISK 640 million.
Spanish: Entre 2000 y 2002, su deuda total subió desde 733 a 1157 millones ISK y sus activos circulantes pasaron de 750 a 640 millones ISK.
Italian: Tra il 2000 e il 2002, l’indebitamento totale di Sementsverksmiðjan hf. è aumentato da 733 milioni a 1157 milioni di ISK, mentre le attività correnti sono diminuite da 750 milioni a 640 milioni di ISK.
English: The restructuring plan for Sementsverksmiðjan hf. consisted of a wide range of measures. It covered the financial restructuring of the company, the restructuring of workforce and production costs and the incorporation of alternative revenue sources.
Spanish: El plan de reestructuración de Sementsverksmiðjan hf. consistió en una amplia gama de medidas relativas a la reestructuración financiera de la empresa, la reestructuración de la plantilla y de los costes de producción, y la incorporación de fuentes de ingresos alternativas.
Italian: Il piano di ristrutturazione per Sementsverksmiðjan hf. comprendeva un’ampia gamma di misure: la ristrutturazione finanziaria della società, la ristrutturazione dell’organico e dei costi di produzione e l’apporto di fonti alternative di reddito.
Portuguese: O plano de reestruturação da Sementsverksmiðjan hf. consistia numa série de diferentes medidas, que abrangiam a reestruturação financeira da empresa, a reestruturação da mão-de-obra e dos custos de produção e a obrtenção de fontes de receitas alternativas.
English: It seems that the company had increased its short and long terms lending significantly over the three years prior to the sale, due to the losses incurred. The company had signed loans with various institutions.
Spanish: Parece que la empresa había aumentado significativamente sus préstamos a corto y largo plazo durante los tres años anteriores a la venta debido a las pérdidas contraídas, mediante la firma de préstamos con diversas instituciones.
Portuguese: Devido aos prejuízos sofridos, o passivo a curto e longo prazo da empresa terá crescido consideravelmente nos três anos anteriores à venda, com a contração de empréstimos junto de várias instituições de crédito.
English: An analysis of the economic characteristics of the undertaking and of the market in which it was active showed that the workforce would have to be reduced by at least 20 employees. A minimum of 41 employees were needed to operate the factory.
Spanish: Un análisis de las características económicas de la empresa y del mercado en que operaba muestra que la plantilla tendría que ser reducida en por lo menos 20 empleados y que un mínimo de 41 era necesario para hacer funcionar la fábrica.
Italian: In base a un’analisi delle caratteristiche economiche dell’impresa e del mercato in cui essa operava, si concluse che era necessario ridurre l’organico di almeno 20 unità: per il funzionamento della società bastava un minimo di 41 dipendenti.
English: The only intervention from the State consisted in the takeover of pension related liabilities of Sementsverksmiðjan hf. for an amount corresponding to approximately ISK 425 million. This was considered as conditio sine qua non for the creditors of the company to make its restructuring feasible.
Spanish: La única intervención del Estado consistió en asumir las obligaciones en materia de pensiones de Sementsverksmiðjan hf. por un importe aproximado de 425 millones ISK, lo que se consideró como condición indispensable para que los acreedores de la empresa posibilitaran su reestructuración.
English: Although the takeover of the pension liabilities was not a cost to Sementsverksmiðjan hf. but to the State, it should be included in the whole assessment of the restructuring of Sementsverksmiðjan hf. The aid was necessary to undertake the various restructuring measures.
Spanish: Aunque la asunción de las responsabilidades en materia de pensiones no supusiera un coste para Sementsverksmiðjan hf. sino para el Estado, debería incluirse en la evaluación general de la reestructuración de Sementsverksmiðjan hf. ya que la ayuda era necesaria para poner en marcha las diversas medidas de reestructuración.
English: This does not, however, mean that the Authority will have a permissive approach to aid for the re-structuring of ailing firms located in assisted areas to help a region prop up companies artificially. On the contrary, it is in the region’s own best interest to develop alternative activities that are viable and sustainable as soon as possible.
Spanish: Sin embargo, esto no significa que el Órgano adoptará un planteamiento permisivo en el caso de ayudas de reestructuración a empresas en crisis establecidas en regiones subvencionadas con el fin de ayudar artificialmente a empresas regionales.
English: In the case at hand, however, the re-structuring has already finished with the establishment of the company’s viability. There are no re-structuring measures pending but all have been successfully concluded.
Spanish: En este caso, sin embargo, la reestructuración ya ha derivado en el establecimiento de la viabilidad de la empresa por lo que no hay medidas de reestructuración pendientes sino que todas han concluido con éxito.
Italian: Nel caso in esame, tuttavia, la ristrutturazione è già stata completata con il ripristino della redditività dell’impresa: non vi sono misure di ristrutturazione ancora in corso, perché tutte sono state portate a termine con successo.
English: The Icelandic authorities have stated that the ‘one time, last time’ condition is fulfilled. They have further stated that the company has not received any aid earlier on and there are no plans to grant aid to it in the future.
Spanish: Las autoridades islandesas han afirmado que se cumple la condición de ayuda única, añadiendo que la empresa no recibió anteriormente ninguna ayuda y que no hay planes para concederle ayuda en el futuro.
Italian: Le autorità islandesi hanno dichiarato che la condizione dell’aiuto «una tantum» è stata soddisfatta e hanno precisato che Sementsverksmiðjan hf. non aveva beneficiato di altri aiuti in precedenza e che non è previsto di concederle aiuti in futuro.
English: on aid granted in favour of Sementsverksmiðjan hf. (Iceland)
French: concernant l’aide octroyée à Sementsverksmiðjan hf (Islande)
Finnish: yritykselle Sementsverksmiðjan hf. myönnetystä tuesta (Islanti)
Hungarian: a Sementsverksmiðjan hf. részére adott támogatásról (Izland)
Estonian: ettevõtjale Sementsverksmiðjan hf. antud abi kohta (Island)
English: Per Sanderud
Estonian: president
Latvian: priekšsēdētājs
English: There are two companies active in the cement market in Iceland: Sementsverksmiðjan hf. and Aalborg Portland Ísland hf. Whereas the former produces and sells cement and slag cement, the latter imports cement from Denmark and sells it in Iceland.
Finnish: Tällä hetkellä Islannin sementtimarkkinoilla toimii kaksi yritystä: Sementsverksmiðjan hf. tuottaa ja myy sementtiä ja kuonasementtiä ja Aalborg Portland Ísland hf. tuo sementtiä Tanskasta ja myy sitä Islannissa.
English: LSR’s assets for payment of obligations are considered to be 19 % of the Fund’s accrued unsettled obligations. The State’s obligations on behalf of Sementsverksmiðjan hf.
French: On considère que les actifs de LSR destinés au paiement des obligations représentent 19 % des engagements cumulés du fonds.
Portuguese: Considerou-se que os activos do LSR para pagamento desses montantes equivaliam a 19 % dos montantes devidos pelo Fundo.
Swedish: LSR:s tillgångar för betalning av åtaganden beräknas uppgå till 19 % av fondens förfallna obetalda åtaganden.
Hungarian: Úgy vették, hogy az LSR kötelezettségek kifizetését szolgáló eszközei az alap felhalmozott fennálló kötelezettségeinek 19 %-át teszik ki.
English: On the basis of the measures described above, the Authority finds that the restructuring plan for Sementsverksmiðjan hf. complies with the requirements of the R & R guidelines. The restructuring plan described the circumstances that led to Sementsverksmiðjan hf.’s difficulties.
French: Sur la base des mesures décrites ci-devant, l’Autorité estime que le programme de restructuration de Sementsverksmiðjan hf est conforme aux exigences des lignes directrices de S & R. Le programme de restructuration décrit les circonstances qui ont abouti aux difficultés de Sementsverksmiðjan hf.
Portuguese: Com base nas medidas acima descritas, o Órgão de Fiscalização considera que o plano de reestruturação da Sementsverksmiðjan hf. satisfaz as condições estipuladas nas Orientações E & R. O plano de reestruturação descrevia as circunstâncias que deram origem às dificuldades da Sementsverksmiðjan hf.. A Sementsverksmiðjan hf. não estava em condições de fazer face à concorrência e aos problemas económicos com que se debatia o sector da construção no princípio da década de 2000.
Romanian: În baza măsurilor descrise anterior, Autoritatea constată că planul de restructurare pentru Sementsverksmiðjan hf. respectă cerințele prevăzute în Orientările S & R. Planul de restructurare a descris circumstanțele care au condus la dificultățile Sementsverksmiðjan hf.’.
English: The Icelandic authorities have informed the Authority that the use of most of the land in Sævarhöfði in Reykjavik previously owned by Sementsverksmiðjan hf. was leased to Jarðboranir hf. for a price of […] ISK per square meter. The lease price requested to Sementsverksmiðjan hf. was […] ISK.
French: Les autorités islandaises ont informé l’Autorité que l’usage de la plupart des terrains à Sævarhöfði à Reykjavik dont Sementsverksmiðjan hf était auparavant propriétaire avait été louée à Jarðboranir hf pour le prix de […] ISK.
English: On 2 October 2003, the Ministry of Industry signed, on behalf of the Government of Iceland, a Share Purchase Agreement with Íslenskt Sement ehf. On the basis of this Agreement, the State, owner of 100 % of the shares in Sementsverksmiðjan hf. for a nominal value of ISK 450 million, sold them to Íslenskt Sement ehf. for a price of ISK 68 million.
Italian: Il 2 ottobre 2003 il ministero dell’Industria firmò, per conto del governo islandese, un contratto di compravendita con Íslenskt Sement ehf., in base al quale lo Stato, proprietario del 100 % del capitale sociale di Sementsverksmiðjan hf. per il valore nominale di 450 milioni di ISK, vendeva a Íslenskt Sement ehf. le azioni della società per l’importo di 68 milioni di ISK.
Maltese: Fit-2 ta’ Ottubru 2003, il-Ministeru għall-Industrija, għan-nom tal-Gvern tal-Islanda, iffirma Ftehim dwar ix-Xiri tal-Ishma mal-kumpanija Íslenskt Sement ehf.. Skont dan il-Ftehim, l-Istat, li kien is-sid ta’ 100 % tal-ishma ta’ Sementsverksmiðjan hf. bil-valur nominali ta’ ISK 450 miljun, biegħ l-ishma li Íslenskt Sement ehf. għall-prezz ta’ ISK 68 miljun.
English: On that basis, the State decided to reform the system and adopted Act No 1/1997 ‘The Government Employees Pension Fund Act’. The Pension Fund of State Employees was divided into two Sections: a new Section A was created and the existing pension fund changed into Section B. All new employees were to join Section A whereas existing employees could choose between membership in Section A or retaining their right to membership in Section B, closed henceforth to new members.
Italian: Lo Stato decise quindi di riformare il sistema, adottando la legge n. 1/1997 sul fondo pensioni dei dipendenti statali, a norma della quale il fondo è stato suddiviso in due sezioni: fu istituita una nuova sezione A, mentre il fondo pensioni già esistente diventava la sezione B. Tutti i nuovi dipendenti sarebbero stati affiliati alla sezione A, mentre i dipendenti già affiliati al fondo pensioni avrebbero potuto optare per la sezione A oppure mantenere il diritto di affiliazione alla sezione B, che da quel momento sarebbe stata chiusa a nuovi affiliati.
English: With this Agreement, the Ministry of Finance fulfilled the obligation entered into under Article 4 of the Share Purchase Agreement signed on 2 October 2003 with the investors group, Íslenskt sement ehf. According to that provision, ‘[t]he Seller shall take over the pension debts and obligations of the Company, which carry Government guarantee, and were taken over by the Company in 1997 with a special agreement.
Italian: Mediante tale accordo, il ministero delle Finanze adempiva all’obbligo previsto all’articolo 4 del contratto di compravendita firmato il 2 ottobre 2003 con il gruppo di investitori, Íslenskt Sement ehf., il quale prevedeva quanto segue: «Il venditore rileva il passivo e gli obblighi della società in materia di pensioni, garantite dallo Stato, che la società ha assunto nel 1997 mediante accordo speciale.
Maltese: Permezz ta’ dan il-Ftehim, il-Ministeru tal-Finanzi ssodisfa l-obbligu assunt taħt l-Artikolu 4 tal-Ftehim ta’ Xiri tal-Ishma ffirmat fit-2 ta’ Ottubru 2003 mal-grupp ta’ investituri, Íslenskt sement ehf.. Skont dik id-dispożizzjoni, “il-Venditur għandu jassumi d-djun relatati mal-pensjonijiet u l-obbligi tal-Kumpanija li huma ggarantiti mill-Gvern, u li l-Gvern kien ħa taħt idejh mill-Kumpanija fl-1997 permezz ta’ ftehim speċjali.
English: Íslenskt sement ehf. submitted comments to the Authority’s Decision No 421/04/COL on 20 June 2005 (Event No 323552). In this letter, the company argued that the assets repurchased by the State from Sementsverksmiðjan hf. were not sold individually but in connection with the sale of the shares.
Italian: La società Íslenskt Sement ehf. ha presentato osservazioni sulla decisione dell’Autorità n. 421/04/COL con lettera del 20 giugno 2005 (elemento n. 323552 del dossier), nella quale la società ha sostenuto che i beni di Sementsverksmiðjan hf. acquistati dallo Stato non sono stati venduti a parte, ma in connessione con la vendita delle azioni della società.
English: Third, Íslenskt sement ehf. referred to the sale of assets from Sementsverksmiðjan hf. to the State for a purchase sum of ISK 450 million, which was addressed in the Authority’s Decision No 421/04/COL. All the shares and bonds were sold to the State at market value [21].
Italian: In terzo luogo, riguardo alla vendita dei beni di Sementsverksmiðjan hf. allo Stato al prezzo di 450 milioni di ISK, questione sulla quale l’Autorità si è pronunciata nella decisione n. 421/04/COL, Íslenskt Sement ehf. ha dichiarato che tutte le azioni e obbligazioni sono state vendute allo Stato al prezzo di mercato [21].
English: Therefore, Íslenskt sement ehf. was of the opinion that ‘the total liquidation costs exceeded the total cost for selling the Company by 70376683 ISK [22] and thus the State has acted in accordance with the market economy investor principle. Therefore, there can be no State aid involved in the State’s taking-over by the Company’s debt towards the Pension Fund in connection to the State’s sale of the shares in the Company.’
Italian: Secondo Íslenskt Sement ehf. quindi, «poiché i costi totali della liquidazione avrebbero superato di 70376683 ISK [22] i costi totali della vendita della società, lo Stato ha agito secondo il principio di un investitore nell’economia di mercato e, di conseguenza, non può configurarsi come aiuto di Stato l’assunzione a proprio carico da parte dello Stato del debito della società nei confronti del fondo pensioni in correlazione con la vendita delle azioni della società detenute dallo Stato».
English: The monthly lease for the assets [28] is ISK […]. The lease is adjusted once a year according to the building cost index. The Icelandic authorities explained that the lease amount was calculated using the normal ratio for the Icelandic real estate market.
Italian: Il canone di locazione mensile [28] è di […] ISK, che viene adeguato una volta all’anno in base all’indice dei costi immobiliari.
English: The sales of the company decreased from […] in 2000 to […] in 2001 and […] in 2002. Consequently, production went down by more than […] %.
Italian: Le vendite della società hanno subito una contrazione da […] nel 2000 a […] nel 2001 e […] nel 2002.
English: Restructuring aid must be linked to a viable restructuring plan to which the EFTA State concerned commits itself. The plan must be submitted in all relevant detail to the Authority and include, in particular, a market survey.
Italian: Gli aiuti alla ristrutturazione devono dunque essere correlati a un valido piano di ristrutturazione, alla cui attuazione s’impegna lo Stato membro dell’EFTA e che deve essere presentato all’Autorità corredato di tutte le indicazioni utili, tra cui uno studio di mercato.
English: It should take account, inter alia, of the present state of and future prospects for supply and demand on the relevant product market, with scenarios reflecting best-case, worst-case and intermediate assumptions and the firm’s specific strengths and weaknesses. It should enable the firm to progress towards a new structure that offers it prospects for long term viability and enables it to stand on its own feet.
Italian: Il piano deve tener conto, tra l’altro, della situazione e della probabile evoluzione della domanda e dell’offerta sul mercato rilevante dei prodotti secondo diverse ipotesi — ottimiste, pessimiste e moderate — che prendano in considerazione i punti deboli e i punti di forza specifici dell’impresa, e deve permettere all’impresa la transizione verso una nuova struttura che le dia prospettive di redditività a lungo termine e la possibilità di funzionare con le proprie risorse.
English: Secondly, the company operated a bonus scheme related to production for the majority of its employees. The amount to be distributed to employees was fixed so that the costs for the production bonus remained the same for the undertaking regardless of the number of employees.
Italian: Inoltre, poiché la società prevede premi di produzione per la maggior parte dei propri dipendenti, l’importo da distribuire ai dipendenti è stato stabilito in modo che i costi relativi ai premi di produzione restino invariati per la società indipendentemente dal numero di effettivi.
English: Regarding the re-negotiation of prices for raw materials, a significant part of the variable operational costs of Sementsverksmiðjan hf. was related to international/national market prices and could not be altered. This was the case for coal, electricity, silica dust and other raw materials.
Italian: Per quanto riguarda la rinegoziazione dei prezzi delle materie prime, una parte significativa dei costi operativi variabili di Sementsverksmiðjan hf. era correlata ai prezzi di mercato nazionali e internazionali e non poteva essere modificata: era il caso del carbone, dell’elettricità, della polvere di silicio e di altre materie prime.
English: In line with the R & R guidelines, the Authority shall examine the level of the firm’s liabilities after re-structuring, including after any postponement or reduction of its debts. The Authority shall also examine whether any of the aid goes to finance new investment that is not essential for restoring the firm’s viability.
Italian: Ai sensi degli orientamenti S&R, l’Autorità esamina il livello del passivo dell’impresa, a ristrutturazione avvenuta e, dopo ogni riporto o riduzione di crediti, accerta che nessuna parte dell’aiuto sia utilizzata per finanziare nuovi investimenti non indispensabili per il ripristino della redditività dell’impresa.
English: for the price of ISK 450 million if this price did not correspond to their market value. 2. The right of Sementsverksmiðjan hf. to keep part of the assets and repurchase them at a fixed price.
Lithuanian: priklausančio turto įsigijimas už 450 mln. ISK galėjo būti susijęs su valstybės pagalba, jei ši kaina neatitiko šio turto rinkos vertės.2) Sementsverksmiðjan hf. teisė pasilikti dalį turto ir atpirkti jį už fiksuotą kainą
English: In Decision No 421/04/COL, the Authority raised the issue that State aid could be involved in the acquisition by the National Treasury of Iceland of assets belonging to Sementsverksmiðjan hf. [19] for the price of ISK 450 million if this price did not correspond to their market value. 2. The right of Sementsverksmiðjan hf. to keep part of the assets and repurchase them at a fixed price.
Latvian: Lēmumā Nr. 421/04/COL Iestāde norādīja, ka uzņēmumam Sementsverksmiðjan hf. piederošo aktīvu iegāde [19], ko Valsts kase iegādājās par 450 miljoniem ISK, varētu būt attiecināma uz valsts atbalstu, ja minētā aktīvu cena neatbilstu to tirgus vērtībai.2) Sementsverksmiðjan hf. tiesības paturēt daļu no aktīviem un atpirkt tos par nemainīgu cenu
English: The following table provides a comparison between the market value of Sementsverksmiðjan hf.’s properties and assets in Reykjavik and Akranes as well as of the shares and bonds as established by independent experts [23] and the price the National Treasury paid for them: (ISK million)
Latvian: Šajā tabulā ir salīdzināta Reikjavīkā un Akranesā esošo Sementsverksmiðjan hf. īpašumu un aktīvu, kā arī akciju un obligāciju tirgus vērtība, ko noteikuši neatkarīgi eksperti [23], un cena, ko samaksāja Valsts kase.(miljonos ISK)
English: The Authority received comments from Íslenskt sement ehf. on 7 May 2007 (Event No 420691). By letter dated 14 May 2007 (Event No 421504), the Authority forwarded these to the Icelandic authorities, who were given the opportunity to reply to the submitted comments.
Maltese: Fis-7 ta’ Mejju 2007 (Avveniment Nru 420691), l-Awtorità rċeviet kummenti minn Íslenskt sement ehf.. Permezz ta’ ittra datata l-14 ta’ Mejju 2007 (Avveniment Nru 421504), l-Awtorità għaddiet dawn il-kummenti lill-awtoritajiet tal-Islanda, u dawn ingħataw l-opportunità biex iwieġbu għall-kummenti li ġew sottomessi.