FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: However, these doubts were raised in the framework of the assessment of measure E10 (named measure 10 in the extension decision). These doubts were not raised in the assessment of measure E7 (named measure 7 in the extension decision).
Hungarian: Ezen aggályoknak azonban a K10 intézkedés értékelésének keretében adott hangot (amely a „10. intézkedés” elnevezést viseli az eljárást kiterjesztő határozatban).
English: Indeed, the high volatility of the series (for instance, it goes from EUR 27 to EUR […] in the next year) proves that the annual cost rate of a man-hour derived from HSY’s official books does not indicate how much a worker costs per hour. Indeed, the hourly gross wage in an industry never evolve in such a manner: it increases steadily over time, but never doubles from one year to the other.
Hungarian: Az említett számadatok erős ingadozásai (pl. 27 EUR-ról […] EUR-ra módosulnak a következő évben) azt bizonyítják, hogy a munkaóra éves rezsikulcsa, amely a hivatalos könyvelés alapján állapítható meg a HSY esetében nem mutatja meg, hogy mennyibe kerül egy dolgozó óránként.
English: Fourth, in the method proposed by Greece, the year 2003 has only nine months, i.e. until September 2003. Greece claims that from that moment the accounting year started to run from October to October. It can not be accepted that an annual ceiling is applied on the activity of nine months only.
Hungarian: Ha az egy órára jutó költség megállapításához ésszerűbb becslési módszereket alkalmazunk, az alvállalkozók által teljesített munkaórák száma jóval nagyobb lesz, és 2003-ra és 2005-re nem teljesül a 420000 munkaórás korlátozás.
Lithuanian: Ketvirta, pagal Graikijos pasiūlytą metodą 2003 m. yra tik devyni mėnesiai, t. y. iki 2003 m. rugsėjo mėn. Graikija tvirtina, kad nuo to momento apskaitos metus pradėta skaičiuoti nuo spalio mėn. iki spalio mėn. Negalima sutikti, kad aukščiausia metinė riba būtų taikoma tik devynių mėnesių veiklai.
English: As regards the Commission’s claim that no investor would have been ready to purchase the yard without such a provision, Elefsis contests it since Elefsis, who participated in the tender procedure and wanted to buy HSY, did not put that condition in its bid for HSY and was ready to purchase HSY without such a guarantee. According to Elefsis, the guarantee was exclusively granted to HDW/Ferrostaal.
Hungarian: Ami a Bizottság azon állítását illeti, miszerint egyetlen befektető sem lenne hajlandó megvásárolni a hajógyárat a szóban forgó záradék nélkül, az Elefsisi Hajógyár vitatja ezt, tekintettel arra, hogy ő, amikor részt vett a HSY-ra kiírt pályázati eljárásban, és meg akarta vásárolni a HSY-t, nem támasztott ilyen feltételt a HSY-ra benyújtott vételi ajánlatában, és kész volt e garancia nélkül megvenni a vállalatot.
English: The contract was cancelled in 2002, HSY had to pay the contractual indemnities to Strintzis and sold the hulls in 2004 at a price which was only a small fraction of the tens of millions of Euro of costs which HSY had incurred to build these hulls. This contract was therefore also highly loss-making.
Polish: Została ona unieważniona w 2002 r., HSY musiała zapłacić odszkodowanie z tytułu umowy na rzecz Strintzis i w 2004 r. sprzedać kadłuby za cenę stanowiącą jedynie niewielką część dziesiątek milionów euro kosztów poniesionych w związku z budową tych kadłubów.
Hungarian: A szerződés felbontására 2002-ben került sor, a HSY-nak ki kellett fizetnie a szerződéses kártérítést a Strintzis részére, és 2004-ben a hajótesteket olyan áron értékesítette, amely egy töredéke volt annak a több tízmillió EUR-nak, amelybe a HSY-nak az építésük került.
English: The injections of capital amounting to GRD 321 million (EUR 0,9 million) and to GRD 397 million (EUR 1,2 million) made by ETVA into HSY respectively on 24 June 1999 and on 22 May 2000 constitute aid, which has been put into effect in contravention of Article 88(3) of the Treaty and which is incompatible with the common market. This aid must be recovered.
Hungarian: Az ETVA által 1999. június 24-én, illetve 2000. május 22-én a HSY-nak nyújtott 321 millió drachma (0,9 millió EUR), illetve 397 millió drachma (1,2 millió EUR) tőkejuttatás olyan támogatás, amelynek alkalmazására a Szerződés 88. cikke (3) bekezdésének megsértésével került sor, és nem egyeztethető össze a közös piaccal.
English: OJ C 47, 12.2.1998, p. 3. The decision has been sent to Greece on 1 August 1997 (letter SG(97)D 6556).
Hungarian: HL C 47., 1998.2.12., 3. o. A határozatot 1997. augusztus 1-jén küldték meg Görögországnak (SG(97)D 6556. sz. levél).
Latvian: OV C 47, 12.2.1998., 3. lpp. Lēmumu nosūtīja Grieķijai 1997. gada 1. augustā (vēstule SG(97)D 6556).
English: The fundamental point, however, is — and this is emphatically stressed — that the condition on the guarantee is included in the entire procedure of denationalisation and is not stipulated for the first time after the conclusion of the contract. It does not, therefore, constitute a last-minute “invention”, as the complainant desires to show, whose aim is circumventing the Community Rules on the legality of State aid.
Hungarian: A lényeg azonban az – és ezt határozottan hangsúlyozni kell –, hogy a garanciára vonatkozó feltétel a privatizációs folyamat egészét végigkíséri, és nem a szerződés kimunkálása után fogalmazódik meg első ízben.
English: Elefsis, a Greek competitor of HSY, submitted comments by letter of 10 September 2004. These comments were sent to Greece by letters of 16 December 2004 and 23 December 2004, which replied respectively by letters of 20 January 2005 and 26 January 2005.
Italian: Elefsis, una concorrente greca di HSY, ha presentato osservazioni con lettera del 10 settembre 2004, che sono state inoltrate alla Grecia con lettere del 16 dicembre e 23 dicembre 2004; la Grecia ha risposto rispettivamente con lettere del 20 gennaio e 26 gennaio 2005.
English: The activities resumed after this sale. However, the activities of the firm were insufficient in view of the large facilities and the large number of employees.
Italian: Ripristinate dopo questa compravendita, le attività dell’impresa non erano tuttavia sufficienti rispetto all’imponenza della sua capacità e all’elevato numero di dipendenti.
Portuguese: As actividades foram retomadas após esta aquisição, mas eram insuficientes face à dimensão das instalações e ao elevado número de trabalhadores.
English: It was converted into a corporation by Law 1369/1973. Since 1973 it has therefore operated as a State-owned bank.
Italian: È stata convertita in società con legge 1369/1973 e dal 1973 ha pertanto operato come banca di Stato.
English: The State decided to proceed even further with the bank’s privatisation and reduce the State’s participation to below 50 %. A call for tender was conducted and Piraeus Bank was chosen.
Italian: Lo Stato ha deciso di procedere ulteriormente con la privatizzazione della banca e di ridurre la sua partecipazione a una quota inferiore al 50 %.
English: On 15 July 1997, besides decision N 401/97 endorsing the investment aid, the Commission adopted decision C 10/94. That decision closed the procedure pursuant to Article 88(2) by approving under Regulation (EC) No 1013/97 a debt write-off amounting to GRD 54 billion (EUR 160 million), which corresponded to the debts related to civil work of the yard.
Italian: Il 15 luglio 1997, oltre alla decisione N 401/97 che autorizzava gli aiuti agli investimenti, la Commissione ha adottato la decisione C 10/94, con cui si chiudeva il procedimento ai sensi dell’articolo 88, paragrafo 2, approvando, in forza del regolamento (CE) n. 1013/97, una cancellazione del debito di 54 miliardi di GRD (160 milioni di EUR), che corrispondeva ai debiti contratti in relazione alle attività civili del cantiere.
English: The Commission therefore concludes that the grant of additional operating aid for restructuring purpose after the adoption of decision C 10/94 does not trigger the obligation to recover the aid approved by decision C 10/94, as long as the additional aid is actually recovered. (158) The Commission observes that, in order to determine whether the aid authorised by decision C 10/94 should be recovered, it is not necessary to determine which of the aid measures unlawfully implemented after the adoption of decision C 10/1994 constitute ‘operating aid for restructuring purpose’.
Italian: La Commissione ritiene che, per stabilire se l’aiuto autorizzato con la decisione C 10/94 debba essere recuperato, non sia necessario determinare se le misure di aiuto illegittimamente attuate dopo l’adozione della decisione C 10/94 costituiscano un «aiuto al funzionamento a favore della ristrutturazione».
Portuguese: A Comissão observa que, para averiguar se o auxílio autorizado pela Decisão C 10/94 deve ser reembolsado, não é necessário determinar qual das medidas de auxílio implementadas ilegalmente após a adopção da Decisão C 10/94 constitui um «auxílio ao funcionamento para efeitos de reestruturação» De facto, na presente decisão, a Comissão concluirá que todas as medidas de auxílio implementadas ilegalmente após a adopção da Decisão C 10/94 devem ser reembolsadas.
English: The Commission underlines that it had received a copy of the sale contract before the adoption of decision C 10/94 and was therefore aware of its content. The Commission concludes that, when adopting decision C 10/94, the Commission had no reason to request the sale of HSY (i.e. to put it as an explicit condition to be respected in the future) since a valid sale contract had already been signed in September 1995.
Italian: La Commissione conclude che, all’epoca dell’adozione della decisione C 10/94, non aveva motivo di richiedere la vendita di HSY (ossia di inserire esplicitamente questa condizione nel testo della decisione ordinando che fosse rispettata in futuro), dal momento che nel settembre 1995 era già stato sottoscritto un contratto di compravendita valido.
Portuguese: A Comissão conclui que, quando adoptou a Decisão C 10/94, não tinha razões para exigir a venda da HSY (ou seja, fazer disso uma condição explícita a ser satisfeita no futuro) uma vez que já tinha sido assinado, em Setembro de 1995, um contrato de venda legítimo.
English: In conclusion, by not seeking the payment of the purchase price from the employees, Greece has misused decision C 10/94. Indeed, the latter was adopted by the Commission on the basis of the legitimate assumption that the September 1995 contract would be implemented by the State-owned bank ETVA, and in particular that ETVA would collect the payment of the purchase price from HSY employees in accordance with the precise provisions laid down in the contract, hereby ensuring that these new owners have a financial interest in supporting the measures necessary to restore competitiveness and viability. The Commission could not expect that Greece, after having itself presented the September 1995 contract as a sale of HSY, would consciously refrain from obtaining the payment of the sale price from the purchaser, despite the existence of several contractual and legal provisions allowing the collection of the price. The Commission considers that such behaviour is similar to the submission of incorrect information to the Commission and to a misuse of aid.
Italian: Gli aiuti autorizzati con la decisione C 10/94 devono quindi essere recuperati da HSY.
Portuguese: Assim, sendo, o auxílio autorizado por meio da Decisão C 10/94 deverá ser reembolsado pela HSY.
English: As explained earlier, it is logic that the Commission and the Council considered the payment of the purchase price as crucial since it forced the employees to attach importance to the value of the shares and manage the yard accordingly. As indicated earlier, since they did not had to pay this price, they were in a different situation from a market economy owner.
Italian: Quanto alla dichiarazione della Grecia che «l’acquisto delle azioni ha comportato il rischio che dette azioni perdessero il loro valore», la Commissione fa notare che, se è indubbio che i dipendenti sono formalmente divenuti i proprietari delle azioni, non si può negare che l’evoluzione del valore di tali azioni fosse per loro una questione secondaria, dal momento che, per acquisirne la proprietà, non avevano dovuto pagare un prezzo elevato (ossia la riduzione degli stipendi e delle indennità nell’arco di dodici anni).
Portuguese: No que diz respeito à afirmação proferida pelas autoridades gregas de que «a aquisição das acções implicava o risco de estas se poderem desvalorizar», a Comissão refere que, apesar de ser indiscutível que os trabalhadores se tinham tornado formalmente proprietários das acções, estavam muito menos preocupados com a evolução do seu valor pelo facto de não terem sido obrigados a pagar um preço elevado pelas mesmas (ou seja, a redução dos seus salários e subsídios durante doze anos).
English: The Commission therefore fails to see how this participation alone could incite the employees to manage the yard in a way that preserves or increases the value of the shares since this participation did not give them any new shares. The Commission also fails to see how this participation could constitute a ‘sale’ of HSY since the employees did not receive additional shares in exchange of their investments.
Italian: Infine, in via subordinata, la Commissione ricorda che l’importo complessivo investito dai dipendenti in occasione dei tre aumenti di capitale era di gran lunga inferiore rispetto a quanto avrebbero dovuto investire se avessero partecipato in questi aumenti di capitale sociale e versato il prezzo di acquisto in conformità con le disposizioni del contratto del settembre 1995.
Portuguese: A título acessório, a Comissão recorda que a totalidade do montante investido pelos trabalhadores durante os três aumentos de capital foi muito inferior ao montante que teriam investido se tivessem participado nestes aumentos de capital e pago o preço de compra das acções nos termos do contrato de Setembro de 1995.
English: It is recalled that decision C 10/94 and Regulation (EC) No 1013/97 were based on the hypothesis that the September 1995 contract would be implemented, i.e. that the purchase price and the participation to the capital increases would be paid by the employees. Since the amount of money that the employees had to invest was much smaller than what the Commission legitimately expected when it adopted decision C 10/94 (and what the Council expected when it adopted Regulation (EC) No 1013/97), the Commission considers it insufficient to incite them to attach sufficient importance to the value of the shares and the restoration of the competitiveness of HSY.
Italian: Poiché la somma di denaro che i dipendenti avrebbero dovuto investire era di gran lunga inferiore all’importo che la Commissione legittimamente si era figurata all’epoca in cui adottava la decisione C 10/94 [e che il Consiglio a sua volta si era figurato adottando il regolamento (CE) n. 1013/97 del Consiglio], la Commissione considera tale importo insufficiente a motivare i dipendenti a dare la debita importanza al valore delle azioni e al recupero della competitività di HSY.
Portuguese: Uma vez que o montante investido pelos trabalhadores foi muito inferior ao montante legitimamente previsto pela Comissão quando adoptou a Decisão C 10/94 [e previsto pelo Conselho quando adoptou o Regulamento (CE) n.o 1013/97], a Comissão considera-o insuficiente para motivar os trabalhadores a conferirem importância suficiente ao valor das acções e à restauração da competitividade da HSY.
English: In decision N 401/97 regarding the investment aid, the Commission implicitly considered that this participation of ETVA in the future capital increase of HSY will not constitute State aid. This was coherent with decision C 10/94 adopted the same day, in which the Commission considered that the sale of 49 % of HSY’s shares to the employees was a valid partial privatisation and a return to viability could be expected.
Italian: Nella decisione N 401/97 relativa agli aiuti agli investimenti, la Commissione ha ritenuto implicitamente che questa partecipazione di ETVA al futuro aumento di capitale di HSY non avrebbe costituito un aiuto di Stato. questa valutazione era coerente con la decisione C 10/94 adottata quello stesso giorno, con cui la Commissione ha stabilito che la vendita del 49 % delle azioni di HSY ai dipendenti rappresentava una valida privatizzazione parziale e che ci si poteva attendere un ritorno alla redditività.
English: This means that the execution of the existing contracts would have been stopped. This means that OSE and ISAP would have had to organise a new call for tender, the contract would have been awarded to a new supplier, and the delivery would have been delayed by several years.
Italian: Ciò significa che l’esecuzione dei contratti esistenti sarebbe stata interrotta e che OSE e ISAP avrebbero dovuto organizzare una nuova gara d’appalto, il contratto sarebbe stato assegnato a un nuovo fornitore e la consegna sarebbe stata ritardata di alcuni anni.
English: The guarantee clearly did not fulfil all the conditions for authorisation of the aid laid down in section 3.2.2 of the guidelines. For instance, under condition (b) ‘Restoration of viability’, the granting of the aid must be ‘conditional on implementation of the restructuring plan which must be endorsed by the Commission in the case of all individual aid measure’. The Commission observes that the grant of the guarantee was not conditional on implementation of a restructuring plan. In addition, this plan, since it was not submitted to the Commission, has not been endorsed by it. The guidelines also indicate ‘the plan must be submitted in all relevant detail to the Commission’. This pre-consultation of the Commission was especially necessary in the present case since the Commission had already approved a restructuring plan in 1997, which had failed to restore the viability of HSY. The guarantee also breached the ‘one time, last time’ condition laid down in section 3.2.3 of the 1999 R & R guidelines.
Italian: La garanzia ha anche violato il principio dell’«aiuto unico» («una tantum») enunciato nel capitolo 3.2.3 degli orientamenti per il salvataggio e la ristrutturazione pubblicati nel 1999.
English: Article 3 The loan amounting to GRD 1,56 billion (EUR 4,58 million) which was granted in July 1999 by ETVA to HSY and was reimbursed in 2004 (this measure was named ‘measure P3’ in the preamble of the present decision) constitutes aid, which has been put into effect in contravention of Article 88(3) of the EC Treaty and which is incompatible with the common market.
Italian: Il prestito di 1,56 miliardi di GRD (4,58 milioni di EUR) concesso nel luglio 1999 da ETVA a HSY e rimborsato nel 2004 (questa misura è denominata misura P3 nel preambolo della presente decisione) costituisce un aiuto che è stato attuato contravvenendo all’articolo 88, paragrafo 3, del trattato CE e che è incompatibile con il mercato comune.
Portuguese: O empréstimo no valor de 1,56 mil milhões de dracmas gregos (4,58 milhões de EUR) concedido pelo ETVA à HSY em Julho de 1999 e reembolsado em 2004 (esta medida foi identificada como «medida P3» no preâmbulo da presente decisão) constitui um auxílio, que foi implementado em violação do n.o 3 do artigo 88.o do Tratado e é incompatível com o mercado comum.
Slovak: Úver vo výške 1,56 miliardy GRD (4,58 milióna EUR), ktorý ETVA poskytla v prospech HSY v júli 1999 a ktorý bol splatený v roku 2004 (toto opatrenie bolo v preambule tohto rozhodnutia pomenované ako opatrenie P3), predstavuje pomoc, ktorá bola poskytnutá v rozpore s článkom 88 ods. 3 Zmluvy o ES a nie je zlučiteľná so spoločným trhom.
English: Greece has one month to reply. Some submissions having a large size, Greece could have requested to be given more time to reply.
Italian: Dal momento che alcune osservazioni sono piuttosto voluminose, la Grecia avrebbe potuto chiedere più tempo per formulare una risposta.
English: It was clearly indicated in the September 1995 contract that the employees would have to pay in parallel the purchase price and the contribution to the capital increase. This double payment is therefore not something unexpected.
Italian: Nel contratto del settembre 1995 era esplicitamente indicato che i dipendenti avrebbero dovuto pagare, contemporaneamente, il prezzo d’acquisto e la partecipazione all’aumento di capitale.
English: HSY’s employees participated in the capital increase. However, they did not find themselves in the same situation as ETVA.
Italian: Pur avendo partecipato all’aumento di capitale, i dipendenti di HSY non si trovavano nella stessa situazione di ETVA.
English: Following the latter meeting, Elefsis made additional comments by letter of 8 November 2007, which were submitted to Greece by letter of 17 January 2008. Greece commented by letter of 15 February 2008.
Lithuanian: Graikija pateikė savo pastabas 2008 m. vasario 15 d. raštu.
English: The union leaders opposed to such a reform and succeeded in getting the management team ousted. Such an event, creating management discontinuity and illustrating the difficulty to implement sufficient reforms in the yard, was an additional element which would have deterred a market economy investor to lend money to HSY.
Lithuanian: Toks įvykis, dėl kurio atsirado vadovavimo netolydumas ir kuris parodė, kaip sudėtinga įgyvendinti laivų statykloje reikiamas reformas, buvo dar vienas veiksnys, kuris būtų atgrasęs rinkos ekonomikos investuotoją skolinti HSY lėšas.
English: The Greek authorities granted several extensions of the deadline to execute the investment plan after 31 December 1999 without consulting the Commission. Second, whereas decision N 401/97 indicates that the investment programme will be financed by banks loans raised at normal market conditions without State guarantees, the firm seems to have received loans from a State-owned bank with non market-conform interest rates and it seems that one of the loans was covered by a State guarantee.
Polish: Władze greckie bez porozumienia z Komisją kilkakrotnie wyraziły zgodę na przedłużenie terminu wykonania planu inwestycyjnego po dniu 31 grudnia 1999 r. Po drugie, chociaż w decyzji N 401/97 zaznacza się, że program inwestycyjny będzie finansowany z pożyczek bankowych zaciągniętych na zwykłych warunkach rynkowych bez gwarancji państwowej, przedsiębiorstwo, jak się zdaje, otrzymało pożyczki z banku państwowego według stóp procentowych nieodpowiadających wartości rynkowej i przypuszczalnie w odniesieniu do jednej z tych pożyczek państwo udzieliło gwarancji.
Lithuanian: Graikijos valdžios institucijos nepasitarusios su Komisija kelis kartus leido pratęsti investicijų plano įgyvendinimo terminą po 1999 m. gruodžio 31 d. Antra, nors Sprendime N 401/97 nurodyta, kad investicinei programai finansuoti bus panaudotos įprastomis rinkos sąlygomis be valstybės garantijų gautos banko paskolos, atrodo, kad įmonė gavo paskolų iš valstybės valdomo banko taikant rinkos verčių neatitinkančias palūkanų normas, taip pat atrodo, kad vienai iš paskolų suteikta valstybės garantija.
English: That is four months before the end of the period to implement the investment plan, namely 31 December 1999. At the end of 1999 HSY had carried out only a small part of the investment plan.
Lithuanian: 1999 m. gruodžio 31 d. Iki 1999 m. pabaigos HSY įgyvendino tik mažą investicijų plano dalį.