FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: In particular, it refutes STIM’s estimated value of the undertaking of nearly EUR 350 million which takes into account only the items of the balance sheet which improve the value from accounting capital (special depreciation, residual gains from vessels and so on) without taking account of liabilities which then reduce it. That method of calculation of a purely accounting nature deos not reflect the economic reality of a shipping company such as SNCM having assets of value on the balance sheet but also a limited profitability and considerable off balance sheet liabilities.
Greek: Βλέπε παραδείγματος χάρη, την απόφαση του Δικαστηρίου της 10ης Ιανουαρίου 2006, Ministero dell’Economia e delle Finanze κατά Cassa di Risparmio di Firenze (222/04, Συλλογή, σ. I-289, σκέψη 129).
Maltese: Ara, pereżempju, is-sentenza tal-Qorti tal-Ġustizzja tal-10 ta’ Jannar 2006, Ministero dell’Economia e delle Finanze vs Cassa di Risparmio di Firenze (222/04, Ġabra p. I-289, punt 129).
English: A provision of EUR 14,8 million was set up in 2001 for the high-speed vessel Liamone. It concerns reduction of the annual charge of the vessel to the level of a vessel adapted to new restrictions imposed on that route and financed under the same conditions. That provision was set up pursuant to accounting rules on the basis of which an undertaking may adjust its balance sheet by formally noting an exceptional depreciation provided that it states that one of its assets has an actual or market value lower than its accounting value.
Greek: Σύμφωνα με την πρακτική της σε θέματα λήψης αποφάσεων, η Επιτροπή δεν ενδιαφέρεται για το μέσο αντιστάθμισης που χρησιμοποιεί το κράτος μέλος, αρκεί να μπορεί να επαληθεύσει την απουσία διασταυρούμενης επιδότησης υπέρ ανταγωνιστικών δραστηριοτήτων.
Maltese: B’mod konformi mal-prattika deċiżjonali tagħha, il-Kummissjoni hija indifferenti għal mezz ta’ kumpens użat mill-Istat sakemm tkun tista’ tivverifika n-nuqqas ta’ sussidju minn naħat diversi favur xi attivitajiet kompetittivi.
English: Communication of the Commission to Member States: Application of Articles 92 and 93 of the EEC Treaty and of Article 5 of Commission Directive 80/723/EEC to public undertakings in the manufacturing sector (OJ C 307, 13.11.1993, p. 3, point (11)). While this communication deals with the manufacturing sector, the principle can undoubtedly be applied in the same way to all other sectors.
Greek: Βλέπε ιδίως την απόφαση του Πρωτοδικείου της 6ης Μαρτίου 2003, Westdeutsche Landesbank Girozentrale κατά Επιτροπής (233/99, Συλλογή, σ. II-435).
Slovak: Oznámenie Komisie členským štátom: Uplatňovanie článku 92 a 93 Zmluvy o ES a článku 5 smernice Komisie 80/723/EHS o verejných podnikoch v spracovateľskom priemysle, Ú. v. ES C 307, 13.11.1993, s. 3, pozri bod 11Toto oznámenie sa týka spracovateľského priemyslu, ale sa obdobne vzťahuje na všetky odvetvia hospodárstva.
Maltese: Ara b’mod partikolari s-sentenza tal-Qorti tal-Prim’Istanza tas-6 ta’ Marzu 2003, Westdeutsche Landesbank Girozentrale vs Il-Kummissjoni (233/99, Ġabra, p.II-435).
English: See, for example, Commission Decision 92/266/EEC of 27 November 1991 on the conversion activities of French public industrial groups outwith the steel and coal industries and excluding the Compagnie Générale Maritime, pursuant to Articles 92 to 94 of the EEC Treaty (OJ L 138, 21.5.1992, p. 24). See also the social plans referred to below.
Greek: Πρέπει, ωστόσο, να επισημανθεί ότι το μισό προσωπικό απασχολούνταν σε προσωρινή βάση ή υπεργολαβία επιτόπου.
Hungarian: Lásd például a Bizottság 92/266/EGK, 1991. november 27-i, a francia ipari csoportok rekonverziós tevékenységéről szóló határozatát a vasipar, szénbányászat és a Compagnie générale maritime-en kívül, az EGK-Szerződés 92. és 94. cikkeihez képest, HL L 138., 1992.5.21., 24. o. Lásd még az alább hivatkozott szociális terveket.
Maltese: Għaldaqstant għandu jiġi osservat li nofs il-persunal kien jikkonsisti f’impjegati temporanji jew sottokuntratturi li jaħdmu fuq il-post.
English: That discount, which is EUR […] million (that is on average […] to […] % of the gross market value), is, inter alia, justified by the specific nature of SNCM’s vessels which are adapted to the services provided by the undertaking, by the state of the vessels and by the background of the placing on the market of the entire fleet (in particular the weakness of the seller’s position). BRS’s valuation is based in particular on the case of a sale of vessels fully in order and updated, well-maintained and in good working order under normal conditions of trade.
Greek: Εκτιμάται σε […] εκατ. EUR.
Maltese: Stmat għal EUR[…] miljun.
English: Up to the closing of the liquidation. The interim losses take as an underlying basis the payment of salaries for one month only. They also include the cost of laying up vessels held in its name, not deducted from the value of the assets. That cost corresponds to the cost of immobilising vessels in dock awaiting their sale.
Greek: Οι οφειλές μειωμένης προτεραιότητας κατανέμονται ως εξής: προβλέψεις για κινδύνους και επιβαρύνσεις ([…] εκατ. EUR), ανειλημμένες οφειλές/συμμετοχές ([…] εκατ. EUR), προμηθευτές ([…] εκατ. EUR), γενική εκπροσώπηση ([…] εκατ. EUR), οφειλές ομίλου και συναφείς ([…] εκατ. EUR), πληρωτέος λογαριασμός παθητικού ([…] εκατ. EUR).
Maltese: Id-debiti bla garanzija huma mqassma kif ġej: proviżjonijiet għal riskji u spejjeż (EUR[…] miljun), debiti relatati/ishma (EUR[…] miljun), fornituri tan-negozju (EUR[…] miljun), rappreżentazzjoni ġenerali (EUR[…] miljun), debiti tal-grupp u l-imsieħba (EUR[…] miljun), kont ta’ regolarizzazzjoni tad-debitu (EUR[…] miljun).
English: Having regard to the heavy and repeated use by SNCM of fixed-term contracts. [159] In its decision 2006/947/EC of 7 December 2005 on the State aid implemented by Belgium for ABX Logistics (OJ L 383, 28.12.2006, p. 21), the Commission stated: The Commission does not deny that, in certain exceptional cases, some national legislation provides for the possibility of third parties to bring proceedings against the shareholders of a liquidated company, in particular if these shareholders may be considered […] and/or as being guilty of mismanagement.
Greek: Στην απόφασή της 2006/947/ΕΚ της 7ης Δεκεμβρίου 2005 σχετικά με κρατική ενίσχυση που εφάρμοσε το Βέλγιο υπέρ της ABX Logistics (ΕΕ L 383 της 28.12.2006, σ. 21), η Επιτροπή ανέφερε: «Η Επιτροπή δεν αρνείται ότι σε ορισμένες έκτακτες περιστάσεις, ορισμένες εθνικές νομοθεσίες προβλέπουν τη δυνατότητα για τρίτους να στραφούν κατά των μετόχων μιας εκκαθαριζόμενης επιχείρησης, ειδικότερα αν οι μέτοχοι αυτοί μπορούν να θεωρηθούν […] ή/και ότι έχουν διαπράξει διαχειριστικά λάθη.
Maltese: Fid-Deċiżjoni tagħha 2006/947/KE tas-7 ta’ Diċembru 2005 dwar l-għajnuna tal-Istat implimentata mill-Belġju favur l-ABX Logistics (ĠU L 383, 28.12.2006, p. 21), il-Kummissjoni indikat: “Il-Kummissjoni ma tinnegax li, f’ċerti każi eċċezzjonali, ċerti leġiżlazzjonijiet nazzjonali jipprevedu l-possibbiltà għal terzi li jduru kontra l-azzjonisti ta’ kumpanija li sar stralċ tagħha, b’mod partikolari jekk dawn l-azzjonisti jistgħu jiġu kkunsidrati bħala […] u/jew jekk għamlu xi żbalji fil-ġestjoni.
English: Pursuant to the relevant laws, the public undertakings incorporated under private law fall within the scope of the above laws governing compulsory liquidation. Furthermore, the law make it possible for legal persons under public law to incur liability as director in an action ‘en comblement de passif’.
Greek: Κατά τη γαλλική νομολογία ο εκ των πραγμάτων διαχειριστής οφείλει να λαμβάνει διαρκώς θετικά μέτρα διαχείρισης ή διοίκησης.
Maltese: Il-ġurisprudenza Franċiża teżiġi mid-diriġent de facto li jkun għamel xi atti pożittivi ta’ ġestjoni jew ta’ direzzjoni b’mod rikorrenti.
English: It is interesting to note that, in addition to classic salary payables, there are judicial salary payables originating in decisions of labour courts. In the present case, the employee applies to the labour court for a ruling on the validity of his application and when that application is accepted, it is entered in the statement of debts of the company. [168] Judgment of the Court of Cassation, 30 November 1993, No 91-20 554, Bull.civ.
Greek: Απόφαση του Cour de Cassation (Ανωτάτου Ακυρωτικού Δικαστηρίου) της 30ής Νοεμβρίου 1993 αριθ. 91-20 554, Bull. civ.
Maltese: Sentenza tal-Qorti ta’ Kassazzjoni, it-30 ta’ Novembru 1993, Nru 91-20 554, Bull. civ.
English: That assessment was made by Sorgem Evaluation, an investments adviser. The author of the assessment, Maurice Nussenbaum, is a financial expert at the Court of Appeal in Paris and is accredited by the Court of Casssation.
Dutch: Deze raming is door Sorgem Evaluation Conseiller en investissements financiers uitgevoerd en opgesteld door Maurice Nussenbaum, financieel expert bij het Gerechtshof van Parijs die als zodanig door het Hof van Cassatie is erkend.
Greek: Αντίδραση των γαλλικών αρχών σε ορισμένες παρατηρήσεις που διαβίβασε η SNCM (βλέπε παράγραφο 174 της παρούσας απόφασης).
Maltese: Reazzjoni tal-awtoritajiet Franċiżi għal ċerti osservazzjonijiet ppreżentati mill-SNCM (ara il-punt 174 ta’ din id-Deċiżjoni).
English: Case C-390/98 HJ Banks [2001] ECR I-6117, paragraph 33. [188] Case T-308/00Salzgitter v Commission [2004] ECR II-1933, paragraph 79.
Greek: Απόφαση του Πρωτοδικείου της 1ης Ιουλίου 2004, Salzgitter κατά Επιτροπής (308/00, Συλλογή, σ. II-1933, σκέψη 79).
Maltese: Sentenza tal-Qorti tal-Prim’Istanza tal-1 ta’ Lulju 2004, Salzgitter vs Il-Kummissjoni (308/00, Ġabra p. II-1933, paragrafu 79).
English: […] SFP will meet these costs in full. Therefore, the additional social welfare measures benefitting SFP’s laid-off staff which will be implemented when the staff in question have left the company does not in any way relieve the company of its obligations and does not constitute State aid in favour of SFP’.
Greek: Η SFP θα αναλάβει εξ ολοκλήρου αυτό το κόστος Συνεπώς, τα συμπληρωματικά μέτρα κοινωνικού χαρακτήρα υπέρ του απολυόμενου προσωπικού της SFP, που θα τεθούν σε εφαρμογή όταν οι εργαζόμενοι αυτοί θα έχουν εγκαταλείψει την επιχείρηση, δεν αποδεσμεύει κατά κανένα τρόπο την επιχείρηση από τις υποχρεώσεις της και δεν περιέχει κρατική ενίσχυση υπέρ της SFP».
English: The first alternative method, based on the capital necessary to finance the existing fleet, seems inappropriate in that the French authorities have included in that calculation the value of fleet acquisition and not its sales value in 2002. The fact is, however, that if a new company were to start up with the same fleet as SNCM’s such as it exists today it would have to find capital proportionate to the purchase value of all the ships together and not their construction value. Moreover, such an approach fails to take account of other major assets such as the computer booking system and the buildings in which the company has its headquarters.In the Commission’s opinion, the second alternative method, based on SNCM’s expenditure, seems more appropriate.
Greek: Η Επιτροπή, εντούτοις, επιθυμεί να επανεξετάσει το ποσό των 41,7 εκατ. EUR σχετικά με τις προηγούμενες ζημίες, ιδίως για να ληφθεί υπόψη το αποτέλεσμα του 2002 και μόνο οι ζημίες που συνδέονται με τη συγκοινωνιακή εξυπηρέτηση της Κορσικής πριν από το 1999.
Maltese: Madankollu il-Kummissjoni tixtieq tirrevedi l-ammont ta’ EUR 41,7 miljun tat-telf li sar qabel, b’mod partikolari biex jiġi kkunsidrat ir-riżultat 2002 u tal-uniku telf relatat mas-servizz ta’ trasport ta’ Korsika qabel l-1999.
English: See Table 2 of this Decision. This figure includes the assets disposed of at the time of the 2003 decision, namely the sale of the Napoléon, Monte Rotondo and Liberté vessels, as well as fixed asset disposals (Schuman and SCI Espace Schuman real estate).
Spanish: Véase el cuadro 2 de la presente Decisión Este importe incluye las ventas de activos realizadas con ocasión de la Decisión de 2003: venta de los buques Napoléon, Monte Rotondo y Liberté, y ventas inmobiliarias (conjunto de inmuebles Schuman y SCI Espace Schuman).
Greek: Βλέπε σημείο 48 των κατευθυντήριων γραμμών.
Polish: Zob. tabela 2 niniejszej decyzji Kwota ta obejmuje zbycie aktywów, którego dokonano w chwili podjęcia decyzji z 2003 r., tj. sprzedaż statków Napoléon, Monte Rotondo i Liberté oraz zbycie nieruchomości (kompleksu nieruchomości Schuman i SCI Espace Schuman).
English: The Commission finds that, when determining whether or not Article 4 of the 2003 decision has been complied with, account should be taken of the published prices, that is the prices on any advertising materials or communications published by SNCM. That condition does not apply to the prices proposed by SNCM’s reservation system because those fares are subject to dynamic quotas (yield management) both at SNCM and its competitors. The way in which the systems are set up makes it impossible to take account of the special fares offered by SNCM’s competitors and, therefore, to verify the non-existence of price leadership in the case of SNCM.
Greek: Αποδεικνύεται, πράγματι, ότι, βάσει των στοιχείων που έχουν κοινοποιήσει οι γαλλικές αρχές, η SNCM δεν ανακοίνωσε ποτέ κατά το διάστημα από τις 9 Ιουλίου 2003 έως τις 16 Μαρτίου 2005, μέσω των εταιρικών ανακοινώσεών της, των διαφημιστικών εκστρατειών της ή οποιουδήποτε άλλου δημόσιου εγγράφου, τιμές χαμηλότερες από τις δημοσιευμένες τιμές των ανταγωνιστών της.
Maltese: Fil-fatt jidher li, fuq il-bażi tal-informazzjoni pprovduta mill-awtoritajiet Franċiżi, l-SNCM qatt ma ddikjarat bejn id-9 ta’ Lulju 2003 u s-16 ta’ Marzu 2005 permezz tal-komunikazzjoni tagħha tal-kumpanija, bil-kampanji ta’ pubbliċità jew kwalunkwe dokument pubbliku, xi prezzijiet aktar baxxi minn dawk iddikjarati mill-kompetituri tagħha.
English: It appears that, on the basis of the information provided by the French authorities, SNCM at no time between 9 July 2003 and 16 March 2005 published prices lower than those published by its competitors in its corporate communications, advertising campaigns or public documents. [212] This amount is the difference between SNCM’s net cash needs (EUR 19,75 million) and the net proceeds of the assets disposed of following the 2003 decision (EUR […] million from the sale of the Aliso and holdings in Southern Trader, Someca and Amadeus).
Greek: Το ποσό αυτό είναι η διαφορά ανάμεσα στις καθαρές ανάγκες ρευστότητας της SNCM (ήτοι 19,75 εκατ. EUR) και το καθαρό προϊόν των εκποιήσεων στοιχείων ενεργητικού που απορρέουν από την απόφαση του 2003 (ήτοι […] εκατ. EUR που αντιστοιχεί στην πώληση του πλοίου Aliso και τις συμμετοχές στις Southern Trader, Someca και Amadeus).
Maltese: Dan l-ammont huwa id-differenza bejn il-ħtiġijiet netti ta’ fondi tal-SNCM (jiġifieri EUR 19,75 miljun) u d-dħul nett tal-bejgħ tal-assi li rriżulta mid-Deċiżjoni tal-2003 (jiġifieri EUR[…] miljun li jikkorrispondu għal bejgħ tal-bastiment Aliso u tal-ishma f’Southern Trader, Someca u Amadeus).
English: At that time called Compagnie Générale Transméditerranéenne, it was renamed Société Nationale Maritime Corse-Méditerranée in 1976, after the Société Nationale des Chemins de Fer (SNCF) had acquired a share in its capital. The company was chosen by the French Government to implement the principle of territorial continuity with Corsica, bringing maritime transport fares into line with SNCF rail transport fares on the basis of an agreement concluded on 31 March 1976 for a term of 25 years.
Spanish: Esta compañía, que en su día se denominó Compagnie générale transméditerranéenne, fue rebautizada, en 1976, con el nombre de Société nationale maritime Corse-Méditerranée, después de que la Société nationale des chemins de fer (SNCF) hubiese adquirido una participación en su capital, dado que había sido seleccionada por el Gobierno francés para aplicar el principio de continuidad territorial con Córcega, alineando las tarifas del transporte marítimo con las aplicadas por la SNCF en el transporte ferroviario, según lo estipulado en un convenio firmado el 31 de marzo de 1976 para un período de veinticinco años.
English: However, the continued reduction of market shares demonstrates that the renewal of confidence on the part of passengers, which had been greatly damaged by the strikes and disruptions caused by the social conflicts of 2004 and 2005, in particular at the time of the privatisation of the undertaking, is very slow. It is a necessary condition for curbing the reduction of SNCM’s market share recorded in those recent years.
Spanish: Sin embargo, el hecho de que las cuotas de mercado sigan disminuyendo pone de manifiesto la lentitud con que se está produciendo la recuperación de la confianza por parte de los pasajeros, que se vio grandemente afectada, en 2004 y 2005, por las huelgas y las perturbaciones ocasionadas por la conflictividad social, principalmente cuando se privatizó la empresa, y es una condición necesaria para contener la disminución de la cuota de mercado de la SNCM observada estos últimos años.
English: The recapitalisation and the restructuring plan of 2002 did not have the results expected and, from 2004, the economic and financial situation of SNCM greatly deteriorated. Both internal factors (social conflicts, insufficient and belated achievement of productivity objectives, loss of market share) and external factors (reduced appeal of Corsica as a destination, acquisition of market share by CFF, management errors by the State) as well as the increase in the cost of fuel contributed to this deterioration.
Spanish: La recapitalización y el plan de reestructuración de 2002 no dieron los resultados esperados y, desde 2004, la situación económica y financiera de la SNCM ha sufrido un grave deterioro, al cual han contribuido tanto los factores internos (conflictos sociales, consecución insuficiente y tardía de los objetivos de productividad, pérdida de cuotas de mercado) como los externos a la SNCM [menor atractivo de Córcega, adquisición de cuotas de mercado por la CFF, gestión deficiente por parte del Estado], así como la subida del coste de los combustibles.
English: Napoléon
Spanish: Napoleón
English: As regards the social measures of EUR 38,5 million, CFF disputes the classification of that amount as aid to individuals. Although it true that that amount directly benefits SNCM’s employees, CFF submits that that measure could give rise to indirect positive effects for SNCM, in particular in terms of calming of social relations.
Spanish: Por lo que se refiere a las medidas sociales por valor de 38,5 millones EUR, la CFF contesta que se dé a ese importe la calificación de ayuda a las personas, pues, si bien es cierto que ese importe beneficia directamente a los empleados de la SNCM, la CFF destaca que esa medida podría generar efectos positivos indirectos para la SNCM, principalmente en términos de apaciguamiento del clima social.
English: The private investor criterion comes from the principle of equal treatment between the public and private sectors which follows from Article 295 of the EC Treaty. According to that principle, the capital made available to the undertaking, directly or indirectly, in circumstances which correspond to normal market conditions, cannot be classified as State aid.
Spanish: Este criterio se deduce del principio de igualdad de trato entre los sectores público y privado que emana del artículo 295 del Tratado CE, en virtud del cual los fondos que el Estado pone, directa o indirectamente, a disposición de una empresa, en circunstancias que se corresponden con las condiciones normales de mercado, no se pueden considerar ayudas estatales.
English: The Commission adds that the French authorities provided figures to show that the industrial action of 2004, by tarnishing the brand image of the holding company with customers, was considerably detrimental to the number of passengers transported by SNCM and therefore to the undertaking’s turnover. The Commission points out, moreover, that as a result of the adverse effect of the social climate in the summer of 2004 on SNCM’s financial situation, the shareholder of the undertaking implemented a social plan in spring 2005 which was suspended in April 2005, in consultation with the unions.
Spanish: La Comisión subraya, además, que, como consecuencia de clima social negativo del verano de 2004, que ocasionó perjuicios a la situación financiera de la SNCM, el accionista de la empresa estableció, en la primavera de 2005, un plan social que se suspendió en el mes de abril de ese año, en concertación con los sindicatos.
English: The Commission notes that its decision of 17 July 2002 concerning the Société Française de Production illustrates the cost of generosity in the case of privatisation of an undertaking in difficulty. Accordingly, the cost to the State of generosity was EUR 43,1 million (that is, EUR 151000 per employee under the plan providing for the departure of 285 employees) in addition to the cost of EUR 5,3 million in legal obligations and obligations in agreements (that is, in total a cost of EUR 169000 per employee).
Spanish: La Comisión recuerda que su Decisión de 17 de julio de 2002 en relación con la Société Française de Production permite ilustrar el «coste de la generosidad» en un caso de privatización de una empresa en crisis, cuyo coste para el Estado fue de 43,1 millones EUR (151000 EUR por trabajador en un plan que preveía el despido de 285 trabajadores), que se añade al coste de 5,3 millones EUR de obligaciones legales y por convenio (coste total: 169000 EUR por trabajador).
English: The Commission’s practice in previous decisions, confirmed by the Community judicature, automatically excludes the aid nature of a capital contribution by the State in such circumstances provided that three conditions are fulfilled: The private intervention must come from economic operators. That is not the case with an acquisition of a holding by employees in the capital of the undertaking concerned,The private intervention must be significant.
Spanish: La práctica de toma de decisiones de la Comisión, confirmada por el juez comunitario, excluye, de entrada, la naturaleza de ayuda de una aportación de capital estatal en esas circunstancias, siempre que se cumplan las tres condiciones siguientes:
Polish: Praktyka decyzyjna Komisji, potwierdzona przez sąd wspólnotowy, automatycznie wyklucza, że wkład kapitałowy państwa w takich okolicznościach ma charakter pomocy, o ile spełnione są trzy warunki:
English: The Court has thus confirmed the Commission’s analysis that public contributions may constitute State aid when private investments in the same undertaking are made only after the allocation of the public contributions. The Commission accepts, however, sometimes to take account of private intervention which took place shortly after public intervention, in particular when the private investor has already signed a letter of intent at the time of the public intervention.10.3.2. Application to the present case
Spanish: Aplicación al presente caso
Polish: Zastosowanie w niniejszej sprawie
English: The Commission considers, finally, that the existence of the clause to cancel the sale of SNCM is not such as to call into question the principle of equal treatment of investors. That clause relates, in fact, to the entire sale of SNCM to private purchasers and not to the concurrent investment (EUR 35 million) by private investors (EUR 26,25 million) and the State (EUR 8,75 million) in the privatised SNCM.
Spanish: La Comisión considera, finalmente, que la existencia de la cláusula resolutoria de cesión de la SNCM no permite poner en tela de juicio el principio de igualdad de trato de los inversores, ya que esa cláusula se refiere a la cesión total de la SNCM a los inversores privados, y no a la inversión (35 millones EUR) simultánea de los inversores privados (26,25 millones EUR) y el Estado (8,75 millones EUR) en la SNCM privatizada.