FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The Government initiated negotiations for the sale of the State’s shares in Sementsverksmiðjan hf. with these investors. The outcome of the negotiations between the Government and Íslenkst Sement ehf. was that the company was sold mainly in accordance with the agreements described below.
French: Ces négociations entre le gouvernement et Íslenkst Sement ehf ont conduit à la vente de la société conformément aux accords définis ci-après.
Italian: Il governo avviò trattative con questi investitori per la vendita delle azioni di Sementsverksmiðjan hf., che in effetti furono loro vendute in base agli accordi e al contratto descritti qui di seguito.
Portuguese: O Governo iniciou negociações com este grupo de investidores para a venda das acções do Estado na Sementsverksmiðjan hf.. O resultado das negociações entre o Governo e a Íslenkst Sement ehf. foi a venda da empresa, nas condições enunciadas seguidamente.
Greek: Η κυβέρνηση ξεκίνησε διαπραγματεύσεις με τους εν λόγω επενδυτές για την πώληση των μετοχών της Sementsverksmiðjan hf. που κατέχει το δημόσιο οι οποίες κατέληξαν σε πώληση της εταιρείας στην Íslenkst Sement ehf. κυρίως με βάση τις συμφωνίες που περιγράφονται στη συνέχεια.
Maltese: Il-Gvern beda n-negozjati ma’ dawn l-investituri biex jinbiegħu l-ishma li l-Istat kellu f’Sementsverksmiðjan hf.. Ir-riżultat tan-negozjati bejn il-Gvern u l-kumpanija Íslenkst Sement ehf. kienu li l-kumpanija nbiegħet prinċipalment skont il-ftehim deskritt hawn taħt.
English: An acceptable market value, after testing the market, may rather be found within a reasonable margin. In the Authority’s view, there is no obvious answer to how wide such a margin should be.
Portuguese: Será preferível calcular um valor de mercado aceitável, dentro de uma margem razoável, após a realização de uma consulta do mercado.
Dutch: Volgens de Autoriteit is er geen duidelijk antwoord op de vraag hoe groot die marge zou moeten zijn.
Greek: Η αποδεκτή αγοραία τιμή καταλήγει συνήθως, κατόπιν ελέγχου της αγοράς, να προσδιορίζεται εντός ενός εύλογου φάσματος.
English: In a letter dated 17 February 2006 (Event No 363608), the Icelandic authorities forwarded to the Authority an English copy of an Agreement between Sementsverksmiðjan hf. and the Ministry of Industry on behalf of the Government of Iceland. On the basis of this Agreement, the company’s option to repurchase some assets in Reykjavik was withdrawn.
Spanish: Mediante carta de 17 de febrero de 2006 (Ref. no 363608), las autoridades islandesas enviaron al Órgano una copia en inglés de un acuerdo entre Sementsverksmiðjan hf. y el Ministerio de Industria en nombre del Gobierno de Islandia con arreglo al cual se suprimió la posibilidad de que la empresa readquiriese determinados activos en Reikiavik.
Italian: Con lettera del 17 febbraio 2006 (elemento n. 363608 del dossier), le autorità islandesi hanno trasmesso all’Autorità una copia in inglese dall’accordo concluso tra Sementsverksmiðjan hf. e il ministero dell’Industria per conto del governo islandese, in base al quale è stata ritirata l’opzione della società di riacquistare alcune proprietà a Reykjavik.
Greek: Με την επιστολή της 17ης Φεβρουαρίου 2006 (περιστατικό αριθ. 363608), οι ισλανδικές αρχές διαβίβασαν στην Αρχή αντίγραφο συμφωνίας στην αγγλική γλώσσα μεταξύ της Sementsverksmiðjan hf. και του υπουργείου Βιομηχανίας εξ ονόματος του ισλανδικού δημοσίου βάσει της οποίας ανακαλείται το δικαίωμα της εταιρείας να επαναγοράσει ορισμένα ακίνητα στο Ρέικιαβικ.
English: From that date on, according to Article 2 of this Agreement, the company leased the assets it used for an undefined period of time. The monthly lease for the assets [28] is ISK […].
Spanish: A partir de esa fecha, con arreglo al artículo 2 del Acuerdo, la empresa arrendó los activos [28] que utilizó por un período indefinido de tiempo a cambio de una mensualidad de […] ISK.
Greek: Έκτοτε, σύμφωνα με το άρθρο 2 της εν λόγω συμφωνίας, η εταιρεία μισθώνει επ’ αόριστον τα ακίνητα που χρησιμοποιεί και καταβάλλει μηνιαίο μίσθωμα για τα ακίνητα [28] ύψους […] ISK.
English: Further, by virtue of the same agreement, the State Treasury took over the obligations of Sementsverksmiðjan hf. regarding employees still active in the company. These obligations were to be paid and settled annually.
Italian: Inoltre, in base al suddetto accordo, la tesoreria dello Stato ha assunto a suo carico gli obblighi di Sementsverksmiðjan hf. nei confronti dei dipendenti ancora in servizio, che consistevano in un versamento annuale.
Greek: Με την ίδια συμφωνία, το δημόσιο ανέλαβε επίσης τις υποχρεώσεις της Sementsverksmiðjan hf. έναντι των εν ενεργεία εργαζομένων της εταιρείας, τις οποίες υποχρεούτο να καταβάλλει και να τακτοποιεί σε ετήσια βάση.
English: The Pension Fund of State Employees made an actuarial assessment of the liabilities it had towards its affiliates in future pension payments. The result of this assessment was then compared with the assets of the Fund and the share of liabilities amongst the different employers with affiliated employees.
Spanish: El Fondo procedió a una evaluación actuarial de las obligaciones que tenía con respecto a sus filiales relativas a futuros pagos de pensiones y el resultado de esta evaluación se comparó con los activos del Fondo y el reparto de las obligaciones entre las diversas empresas que tenían empleados afiliados.
Greek: Έγινε αναλογιστική εκτίμηση των υποχρεώσεων του ταμείου από μελλοντική καταβολή συντάξεων στους ασφαλισμένους, τα αποτελέσματα της οποίας συγκρίθηκαν με τα περιουσιακά στοιχεία του ταμείου και το μερίδιο των υποχρεώσεων διαφόρων εργοδοτών για ασφαλισμένους υπαλλήλους τους.
English: State aid for helping firms in difficulty to restructure may be regarded as legitimate only under certain conditions. It may be justified, for instance, by social or regional policy considerations, by the need to take into account the beneficial role played by small and medium-sized enterprises (SMEs) in the economy or by the desirability of maintaining a competitive market structure when the disappearance of firms could lead to a monopoly or tight oligopoly situation.
Italian: L’aiuto di Stato volto a sostenere la ristrutturazione di imprese in difficoltà può essere considerato legittimo soltanto a determinate condizioni: può essere giustificato, per esempio, per ragioni di politica sociale o regionale o perché occorre tener conto degli effetti economici positivi dell’attività delle piccole e medie imprese (PMI) oppure perché può essere auspicabile conservare una struttura di mercato concorrenziale quando la scomparsa di imprese potrebbe determinare una situazione di monopolio o di rigido oligopolio.
Greek: Οι κρατικές ενισχύσεις για την αναδιάρθρωση προβληματικών επιχειρήσεων θεωρούνται νόμιμες μόνο υπό συγκεκριμένες προϋποθέσεις, π.χ. πρέπει να δικαιολογούνται από τους στόχους της κοινωνικής ή της περιφερειακής πολιτικής, την ανάγκη να συνεκτιμηθεί ο ευεργετικός ρόλος των μικρομεσαίων επιχειρήσεων (ΜΜΕ) στην οικονομία ή την επιθυμία διατήρησης της ανταγωνιστικής δομής της αγοράς εφόσον το κλείσιμο της επιχείρησης θα μπορούσε να οδηγήσει σε μονοπωλιακές ή αυστηρά ολιγοπωλιακές καταστάσεις.
English: The company had signed loans with various institutions. The credit institutions regarded these loans with Sementsverksmiðjan hf. as loans acquired by the State and were not willing to grant more credit to the company once privatised unless the outstanding loans were repaid.
Italian: L’impresa aveva contratto debiti con vari enti creditizi, che hanno considerato i prestiti concessi a Sementsverksmiðjan hf. come prestiti rilevati dallo Stato e non erano disposti a concedere altri crediti alla società dopo la sua privatizzazione a meno che non fossero loro rimborsati i prestiti già concessi.
Greek: Είχε συνάψει δάνεια με διάφορα πιστωτικά ιδρύματα, τα οποία θεωρούσαν τα δάνεια που χορηγούσαν στην Sementsverksmiðjan hf. ως δάνεια προς το δημόσιο και δεν ήταν διατεθειμένα να χορηγήσουν περαιτέρω πιστώσεις στην εταιρεία μετά την ιδιωτικοποίησή της παρά μόνον μετά την αποπληρωμή των εκκρεμών οφειλών.
English: Section 16.3.2.2(c) of the R & R guidelines requires measures to be taken to mitigate as far as possible any adverse effects of the aid on competitors. Otherwise, the aid should be regarded as contrary to the common interest and therefore incompatible with the functioning of the EEA Agreement.
Italian: Il punto 16.3.2.2, lettera c), degli orientamenti S&R richiede che vengano adottate misure atte a mitigare per quanto possibile le ripercussioni negative dell’aiuto sulle società concorrenti, altrimenti l’aiuto dovrebbe essere considerato contrario all’interesse comune e quindi incompatibile con il funzionamento dell’accordo SEE.
Greek: Σύμφωνα με το τμήμα 16.3.2.2(γ) των κατευθυντήριων γραμμών, απαιτείται η λήψη μέτρων για να ελαχιστοποιηθούν στον μέγιστο δυνατό βαθμό τυχόν αρνητικές επιπτώσεις της ενίσχυσης στους ανταγωνιστές, ειδάλλως η ενίσχυση θεωρείται ότι αντίκειται στο κοινό συμφέρον και, συνεπώς, δεν συμβιβάζεται με τη λειτουργία της συμφωνίας ΕΟΧ.
English: When planned restructuring aid is notified to the Authority, Section 16.3.2.3 of the R & R guidelines requires the EFTA State to specify whether the firm concerned has in the past already received re-structuring aid, including aid granted before entry into force of the R & R guidelines and any non-notified aid. The Icelandic authorities have stated that the ‘one time, last time’ condition is fulfilled.
Greek: Κατά την κοινοποίηση σχεδιαζόμενης χορήγησης ενίσχυσης για την αναδιάρθρωση προβληματικών επιχειρήσεων στην Αρχή, σύμφωνα με το τμήμα 16.3.2.3 των κατευθυντήριων γραμμών απαιτείται το κράτος ΕΖΕΣ να διευκρινίσει κατά πόσον η εν λόγω επιχείρηση έχει λάβει ενίσχυση αναδιάρθρωσης στο παρελθόν, ακόμη και πριν από την έναρξη ισχύος των κατευθυντήριων γραμμών, ή άλλη μη κοινοποιηθείσα ενίσχυση.
English: The assets leased are a pressure room, two silos, delivery of cement and a pump shed which comprise a surface of 290 sqm. Moreover, weighing equipment for cars, lot, crane, pipes and steel silo, machinery and toilets, transformer station, stairway and hallway are also leased.
Greek: Τα εκμισθούμενα ακίνητα είναι θάλαμος πίεσης, 2 σιλό, χώρος φόρτωσης τσιμέντου και αντλιοστάσιο, συνολικού εμβαδού 290 τ.μ. Μισθώνεται επίσης εξοπλισμός ζύγισης οχημάτων, γήπεδο, γερανός, σωληνώσεις και χαλύβδινο σιλό, μηχανολογικός εξοπλισμός και τουαλέτες, σταθμός μετασχηματισμού, κλιμακοστάσιο και διάδρομος.
Lithuanian: Išnuomotas šis turtas – presavimo patalpos, du bunkeriai, cemento tiekimo patalpos ir siurblinė, kurių plotas – 290 kv. m. Be to, taip pat išnuomota automobilių svėrimo įranga, aikštelė, kranas, vamzdžiai ir plieninis bunkeris, mašinos ir tualetai, transformatorinė, laiptinės ir koridorius.
English: The tender procedure lead to the selection of a group of investors [12], which created Íslenkst Sement ehf. for the purpose of acquiring the State’s shares. The Government initiated negotiations for the sale of the State’s shares in Sementsverksmiðjan hf. with these investors. The outcome of the negotiations between the Government and Íslenkst Sement ehf. was that the company was sold mainly in accordance with the agreements described below.
Spanish: Las negociaciones desembocaron en que la empresa fue vendida principalmente con arreglo a los acuerdos descritos más adelante.
English: In the 1990, the premiums to the Pension Fund of State Employees seemed insufficient to cover its pension payments. On that basis, the State decided to reform the system and adopted Act No 1/1997 ‘The Government Employees Pension Fund Act’.
Spanish: En 1990, las primas destinadas a dicho Fondo parecieron insuficientes para cubrir sus pagos de pensiones por lo que el Estado decidió reformar el sistema y adoptó la Ley no 1/1997, denominada «Ley del Fondo de Pensiones de los Empleados del Estado».
English: The affiliated employees acquire a right to receive a certain percentage of the basic pay for the post from which they retire. Thereafter, the pension is linked to the average rise in the pay of government employees.
Spanish: Los empleados afiliados adquieren derecho a recibir un determinado porcentaje del sueldo básico correspondiente al puesto laboral que ocupan en el momento de su jubilación y, por otro lado, la pensión está ligada al incremento medio del sueldo de los empleados estatales.
Italian: Gli affiliati acquisiscono il diritto di ricevere una certa percentuale della retribuzione di base corrispondente al posto di lavoro che lasciano andando in pensione: l’importo della pensione è così agganciato all’aumento medio delle retribuzioni dei dipendenti statali.
English: On 30 March 1999, Sementsverksmiðjan hf. and the Pension Fund of State Employees signed a second agreement pursuant to Article 33 of Act No 1/1997. On the basis of this agreement, the Fund would assess yearly the accrued pension obligation arisen during the year with respect to the employees of the company affiliated to Section B of the Fund still active in the company.
Spanish: El 30 de marzo de 1999, Sementsverksmiðjan hf. y el Fondo de Pensiones de los Empleados del Estado firmaron un segundo acuerdo, de conformidad con el artículo 33 de la Ley no 1/1997, con arreglo al cual el Fondo evaluaría anualmente las obligaciones en materia de pensiones surgidas durante el año con respecto a los empleados de la empresa afiliados a la sección B del Fondo y aún en actividad en la empresa.
Dutch: Op 30 maart 1999 ondertekenden Sementsverksmiðjan hf. en het ambtenarenpensioenfonds een tweede overeenkomst uit hoofde van artikel 33 van wet nr. 1/1997, op grond waarvan het fonds jaarlijks een raming zou maken van de pensioenverplichtingen die in de loop van het jaar werden aangegaan voor de nog in het bedrijf actieve werknemers aangesloten bij deel B van het fonds.
English: In a letter dated 23 February 2005, the Icelandic authorities commented on the doubts expressed by the Authority in Decision No 421/04/COL. The Icelandic authorities explained that the repurchase of assets from Sementsverksmiðjan hf. took place as part of a restructuring: ‘The State would buy from the Company all assets that were not elemental to the production and operation, to lessen the operational costs and make the operation of the Company viable.’
Spanish: Mediante carta de 23 de febrero de 2005, las autoridades islandesas presentaron observaciones con respecto a las dudas expresadas por el Órgano en la Decisión no 421/04/COL, explicando que la recompara de los activos de Sementsverksmiðjan hf. tuvo lugar como parte de una reestructuración: «El Estado compraría a la empresa todos los activos que no fueran imprescindibles para la producción y explotación, con el fin de reducir los costes de funcionamiento y hacer viable a la empresa».
Italian: Con lettera del 23 febbraio 2005, le autorità islandesi hanno presentato osservazioni sui dubbi espressi dall’Autorità nella decisione n. 421/04/COL, spiegando che l’acquisto dei beni di Sementsverksmiðjan hf. è stato previsto nell’ambito di una ristrutturazione: «Lo Stato avrebbe acquistato dalla società tutti i beni non necessari per la produzione e la gestione, allo scopo di ridurre i costi operativi e rendere efficace il funzionamento della società».
English: Finally, the Icelandic authorities brought forward arguments to justify that if aid had been involved in the sales process of Sementsverksmiðjan hf., this aid could be considered compatible on the basis of the State Aid Guidelines on Rescue and Restructuring Aid. To this extent, they enclosed a restructuring plan for Sementsverksmiðjan hf.
Spanish: Por último, las autoridades islandesas presentaron argumentos para justificar que si hubiera existido ayuda en el proceso de venta de Sementsverksmiðjan hf., podría considerarse compatible sobre la base de las Directrices sobre ayudas estatales de salvamento y reestructuración y, a dicho efecto, adjuntaron un plan de reestructuración de Sementsverksmiðjan hf.
English: In a letter dated 7 May 2007 (Event No 421504), Íslenskt sement ehf. firstly expressed its views on the approach taken by the Authority to divide the case in two parts, i.e. the sale of the shares and the other measures. In the view of this company, the different transactions had to be viewed as a whole.
Spanish: En una carta de 7 de mayo de 2007 (Ref. no 421504), Íslenskt Sement ehf. expresó en primer lugar sus opiniones sobre el planteamiento adoptado por el Órgano de dividir el asunto en dos partes: la venta de acciones y las otras medidas.
Italian: Con lettera del 7 maggio 2007 (elemento n. 421504 del dossier), in primo luogo Íslenskt Sement ehf. ha espresso la propria opinione sull’impostazione scelta dall’Autorità di ripartire il caso in due parti, ossia la vendita delle azioni e le altre misure, sostenendo che le diverse transazioni vanno viste come un tutt’uno.
Portuguese: Por carta de 7 de Maio de 2007 (doc. n.o 421504), a Íslenskt sement ehf. começava por dar a sua opinião sobre a abordagem adoptada pelo Órgão de Fiscalização, ao dividir o processo em duas partes, ou seja, a venda das acções e as outras medidas.
English: By letter dated 2 September 2005, the complainant Aalborg Portland Íslandi ehf. submitted observations to the Authority’s Decision No 421/04/COL. It expressed its agreement with the Authority’s concerns but pointed out that the taking over of Sementsverksmiðjan hf.’s pension obligations had not been addressed in the opening decision.
Spanish: Por carta de 2 de septiembre de 2005, el denunciante Aalborg Portland Íslandi ehf. presentó observaciones a la Decisión no 421/04/COL del Órgano, expresando su acuerdo con las preocupaciones del Órgano, pero señalando que la asunción de las obligaciones en materia de pensiones de Sementsverksmiðjan hf. no había sido abordada en la decisión de incoar el procedimiento.
Italian: Con lettera del 2 settembre 2005, la denunciante Aalborg Portland Íslandi ehf. ha presentato osservazioni sulla decisione dell’Autorità n. 421/04/COL, affermando di condividere le preoccupazioni dell’Autorità, ma ha fatto notare che nella decisione di avviare il procedimento non era stata menzionata l’assunzione a carico degli obblighi di Sementsverksmiðjan hf. in materia di pensioni.
English: According to case law, the Authority cannot arbitrarily fix a market price in this decision on the sole basis of an expert assessment [24]. Rather, when determining the market price of land and buildings, the Authority ‘must take into account the uncertainty surrounding such a determination, which is by nature retrospective, of such market prices’ [25].
Spanish: Con arreglo a la jurisprudencia, en la presente Decisión el Órgano no puede fijar arbitrariamente un precio de mercado basándose únicamente en una estimación de expertos [24] sino que, al determinar el precio de mercado del terreno y los edificios «ha de tener en cuenta el carácter aleatorio que puede tener la determinación, de forma retrospectiva, de tales precios de mercado» [25].
English: It can often not be concluded that one single estimate by definition represents the market value a buyer would be ready to accept. An acceptable market value, after testing the market, may rather be found within a reasonable margin.
Spanish: A menudo, no puede concluirse que una única estimación representa por definición el valor de mercado que un comprador estaría dispuesto a aceptar.
English: The price established by the independent expert may be considered as an orientation. Strong deviations from that estimate may indicate the existence of State aid.
Spanish: El precio establecido por el experto independiente puede considerarse como orientativo y unas desviaciones fuertes con respecto a dicho cálculo podrían indicar la existencia de ayuda estatal.
Italian: Il prezzo calcolato dagli esperti indipendenti può essere considerato un orientamento: solo se vi sono forti differenze rispetto a tale stima si può supporre l’esistenza di un aiuto di Stato.
English: However, in the opinion of the Authority [26], such a minor difference as the one in this case is not sufficient to establish the existence of State aid in favour of Sementsverksmiðjan hf. Rather, it indicates that the payment constituted a fair market price.
Spanish: Sin embargo, en opinión del Órgano [26], una diferencia tan pequeña como la que nos ocupa no es suficiente para establecer la existencia de ayuda estatal en favor de Sementsverksmiðjan hf. sino que más bien indica que el pago constituyó un precio de mercado razonable.
Italian: Secondo l’Autorità [26], una differenza così esigua nel caso in oggetto non è sufficiente per determinare l’esistenza di un aiuto di Stato a favore di Sementsverksmiðjan hf., ma indica piuttosto che l’importo pagato costituiva un equo prezzo di mercato.
Portuguese: Porém, na opinião do Órgão de Fiscalização [26], uma diferença tão pequena como a que se verifica no caso em apreço não é suficiente para estabelecer a existência de um auxílio estatal a favor da Sementsverksmiðjan hf., mas antes indica que o pagamento equivaleu a um preço de mercado justo.
Maltese: Madanakollu, fl-opinjoni tal-Awtorità [26], differenza hekk żgħira bħal ma hi d-differenza f’dan il-każ, mhijiex biżżejjed biex tipprova li kien hemm għajnuna mill-Istat lil Sementsverksmiðjan hf.. Anzi, din tindika li l-ħlas kien jikkostitwixxi prezz tas-suq ġust.
English: This liability stayed in the accounts of Sementsverksmiðjan hf. until 23 October 2003 when the State took over a debt of Sementsverksmiðjan hf. towards the Pension Fund. This debt concerned on the one hand, the payment of pensions to employees of Sementsverksmiðjan hf. already retired at the time of establishment of the debt in 1997.
Spanish: Esta obligación siguió constando en las cuentas de Sementsverksmiðjan hf. hasta el 23 de octubre de 2003, cuando el Estado asumió una deuda de Sementsverksmiðjan hf. con el Fondo que correspondía al pago de pensiones a los empleados de Sementsverksmiðjan hf. ya jubilados en el momento del establecimiento de la deuda en 1997 y también al pago estimado de las pensiones a 5 empleados activos en ese momento en Sementsverksmiðjan hf. que todavía estaban afiliados a la sección B del Fondo [31].
Italian: La passività è rimasta iscritta nella contabilità di Sementsverksmiðjan hf. fino al 23 ottobre 2003, quando lo Stato ha assunto a proprio carico il debito di Sementsverksmiðjan hf. nei confronti del fondo pensioni; Il debito riguardava, da un lato, il pagamento delle pensioni ai dipendenti di Sementsverksmiðjan hf. già in pensione al momento del calcolo del debito, nel 1997 e, d’altro lato, anche il previsto pagamento delle pensioni dei cinque dipendenti che all’epoca erano ancora in servizio presso Sementsverksmiðjan hf. ed erano tuttora affiliati alla sezione B del fondo pensioni dei dipendenti statali [31].
English: On the other hand, the debt also concerned the estimated payment of pensions to 5 employees then currently active at Sementsverksmiðjan hf. which were still affiliated to Section B of the Pension Fund of State Employees [31]. In so far as the payment of pension obligations belongs to the normal costs an undertaking has to put up with in the course of business, the takeover by the State of these payments relieved Sementsverksmiðjan hf. of an operating cost.
Spanish: En la medida en que el pago de las obligaciones en materia de pensiones corresponde a los costes normales que una empresa tiene que soportar en el curso de sus actividades empresariales, la asunción por el Estado de los mismos alivió a Sementsverksmiðjan hf. del pago de un coste de funcionamiento.
Italian: Poiché il pagamento degli obblighi in materia di pensioni fa parte dei normali costi che un’impresa deve sostenere nel corso della propria attività, l’assunzione da parte dello Stato dei suddetti pagamenti ha sollevato la Sementsverksmiðjan hf. da un costo di esercizio.