FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: In the present case, the Commission considers that the filing for bankruptcy of SSPH and SS in July 2002 is decisive in this respect. It is this bankruptcy that marked the rupture between the old economic entity and the new economic entity, which was protected from the liabilities of the old economic entity.
German: Für die Kommission ist im vorliegenden Fall die Insolvenzeröffnung von SSPH und SS im Juli 2002 ganz entscheidend, da sie die Trennung zwischen dem alten und dem neuen Wirtschaftssubjekt markiert, wodurch das neue Wirtschaftssubjekt vor den Verbindlichkeiten des alten Wirtschaftssubjekts geschützt wurde.
Italian: Nel caso in esame, la Commissione ritiene che la richiesta di amministrazione fallimentare presentata da SSPH e SS nel luglio 2002 rappresenti in tal senso un elemento decisivo; proprio questo fallimento ha marcato la rottura tra la vecchia entità economica e quella nuova, protetta dai debiti della vecchia entità.
Polish: W niniejszej sprawie Komisja uznaje za decydującą okoliczność ogłoszenia upadłości przez SSPH i SS w lipcu 2002 r. Ogłoszenie upadłości stanowi rozdział między starym podmiotem i nowym podmiotem gospodarczym, chroniącym nowy podmiot przed zobowiązaniami finansowymi starego podmiotu.
Lithuanian: Šioje byloje Komisija lemiama aplinkybe laiko tai, kad SSPH ir SS bankrotas buvo paskelbtas 2002 m. liepos mėn. Jei skelbiamas bankrotas, tada senasis, bankrutuojantis ūkio subjekto atskiriamas nuo naujojo, kuris būna apsaugotas nuo finansinių bankrutavusio subjekto įsipareigojimų.
English: SSN’s production Source: 2006 Information Memorandum, submitted by the Polish authorities on 12 October 2007, and ‘Business plan for SSN for 2008-2012 taking into account the information obtained in the course of the due diligence process carried out in the shipyard’, submitted by letter of 29 February 2008.
Dutch: De productie van SSN
Greek: Παραγωγή της SSN
English: What is the timetable for the recovery process? When will recovery of the aid be completed?
French: Veuillez indiquer la date d'achèvement de la procédure de récupération.
Greek: Ποιο είναι το χρονοδιάγραμμα της διαδικασίας ανάκτησης; Μέχρι ποια ημερομηνία θα έχει ολοκληρωθεί η ανάκτηση της ενίσχυσης;
English: On 1 June 2005 the Commission adopted the decision to initiate the procedure laid down in Article 88(2) of the EC Treaty in respect of the restructuring aid for SSN notified by the Polish authorities. The Commission published this decision in the Official Journal [2] and invited Poland and interested parties to submit comments.
Spanish: El 1 de junio de 2005, la Comisión adoptó la decisión de incoar el procedimiento establecido en el artículo 88, apartado 2, del Tratado CE en relación con la ayuda de reestructuración destinada al Astillero Szczecin, notificada por las autoridades polacas, que se publicó en el Diario Oficial [2], e invitó a las autoridades polacas y a los terceros interesados a que presentaran sus observaciones.
Polish: W dniu 1 czerwca 2005 r. Komisja przyjęła decyzję o wszczęciu procedury określonej w art. 88 ust. 2 traktatu WE w sprawie pomocy na restrukturyzację Stoczni Szczecińskiej, zgłoszonej przez polskie władze, która to decyzja została opublikowana w Dzienniku Urzędowym [2], oraz wezwała Polskę i zainteresowane strony do zgłaszania uwag.
Slovenian: junija 2005 je Komisija sprejela odločitev, da sproži postopek iz člena 88(2) Pogodbe ES v zvezi s pomočjo za prestrukturiranje za SSN, ki so jo priglasili poljski organi.
English: On 20 June 2008, at the request of the Polish authorities, Commission staff met the Polish authorities with the Norwegian company Ulstein and on 24 June 2008 it met the Polish authorities with the Polish company Mostostal Chojnice. These companies were introduced to the Commission as potential buyers of SSN.
Spanish: El 20 de junio de 2008, los servicios de la Comisión se reunieron con las autoridades polacas, a petición de estas últimas, y con la empresa noruega Ulstein y, el 24 de junio de 2008, con las autoridades polacas y la empresa polaca Mostostal Chojnice, que fueron presentadas a la Comisión como compradoras potenciales del Astillero Szczecin.
English: In fact, as far back as 2001 the fully State-owned SSPH, which was facing a difficult financial situation, decided to concentrate shipbuilding activity in ASS, which was considered to be more open to restructuring than SS. In January 2002 ASS, originally a small subsidiary active in painting works, concluded a framework agreement with SSPH for the construction of hulls and leased production assets from SSPH for this purpose.
Spanish: En realidad, ya en 2001, al enfrentarse a una difícil situación financiera, la empresa de titularidad pública al 100 % SSPH decidió concentrar las actividades de construcción naval en ASS, que se consideraba más fácil de reestructurar que SS. En enero de 2002, ASS, originalmente una pequeña filial que realizaba trabajos de pintura, celebró con SSPH un convenio marco para la construcción de cascos y, a tal efecto, alquiló los activos de producción de SSPH.
English: The alleged costs of genuine restructuring activities included the costs of purchasing the means of production from the receiver in bankruptcy of SSPH and SS. The Commission noted that even at the end of the restructuring period the planned level of productivity would remain relatively low compared with that of competing European shipyards.
Spanish: Entre los presuntos costes de las verdaderas actividades de reestructuración se incluyen los costes de adquisición de los activos productivos al administrador concursal de SSPH y SS. La Comisión constató que, incluso al término del período de reestructuración, el nivel de producción previsto seguiría siendo relativamente bajo en relación con el de astilleros europeos competidores.
English: Mostostal is a company established in Poland, 100 % owned by the KEM group. The company produces steel structures of various types (bridges, cranes, buildings etc).
Spanish: Mostostal es una empresa establecida en Polonia, propiedad al 100 % del grupo KEM, que fabrica estructuras de acero de varios tipos (puentes, grúas, edificios, etc.).
English: Act of 23.4.1964 Civil code (Dz.U. No 16, 93 as amended) Agreement No 1/10/2005
Spanish: Ley de 23.4.1964, del Código Civil (BO no 16, 93, modificado)
English: Act of 30.8.1996 on commercialisation and privatisation (Dz. U. 02.171.1397 as amended)
French: Loi du 30 août 1996 concernant la commercialisation et la privatisation (JO 02.171.1397, et modifications ultérieures)
Spanish: Lay de 30.8.1996 sobre la comercialización y la privatización (BO 02.171.1397, modificado)
Finnish: annettu laki kaupallistamisesta ja yksityistämisestä (virallinen lehti 02.171.1397, laki sellaisena kuin se on muutettuna)
Polish: Ustawa z 30.8.1996 r. o komercjalizacji i prywatyzacji (Dz.U. 02.171.1397 z późn. zm.)
Hungarian: Az értékesítésről és a privatizációról szóló, 1996.8.30-i törvény (módosított 02.171.1397. Dz. U.)
Slovenian: Zakon z dne 30.8.1996 o komercializaciji in privatizaciji (Uradni list 02.171.1397, kakor je bil spremenjen)
English: Thirdly, pursuant to the Commission notice on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees [29], for an individual State guarantee not to constitute State aid, the borrower must not be in financial difficulty. This is clearly not the case here.
Spanish: En tercer lugar, de conformidad con la Comunicación de la Comisión relativa a la aplicación de los artículos 87 y 88 del Tratado CE a las ayudas estatales otorgadas en forma de garantía [29], para que una determinada garantía estatal no constituya ayuda estatal es preciso que el prestatario no se encuentre en una situación económica difícil, lo que no sucede en el caso que nos ocupa.
English: There was also no analysis testing the sensitivity of these projections to various risk factors such as the evolution of the market, prices, material costs, foreign exchange rates and pay. In the absence of a detailed description and justification of the assumptions underlying the financial projections, the Commission considers that the credibility of these projections and the robustness of the restructuring plan have not been shown.
French: Il manque aussi une analyse qui testerait la vulnérabilité de ces projections à différents facteurs de risque, tels que l'évolution du marché, des prix, des cours des matières premières, du taux de change, des salaires, etc. En l'absence d'une description précise et d'une justification des postulats sur la base desquels les prévisions financières ont été établies, la Commission considère que la crédibilité de ces prévisions et la solidité du plan de restructuration n'ont pas été démontrées.
Spanish: Se echa en falta un análisis que pruebe la sensibilidad de estas estimaciones a los diversos factores de riesgo, como la evolución del mercado, los precios, los costes de los materiales, los tipos de cambio, los salarios, etc. Sin una descripción detallada y una justificación de los supuestos que subyacen a las estimaciones financieras, sin un modelo financiero para el cálculo de las mismas y de un análisis de sensibilidad, la Comisión considera que no se ha demostrado la credibilidad de tales estimaciones ni la solidez del plan de reestructuración.
Polish: Brakuje również analizy, która testowałaby wrażliwość tych projekcji na różne czynniki ryzyka, takie jak ewolucja rynku, cen, kosztów materiałów, kursów wymiany walut, płac itd. W związku z brakiem szczegółowego opisu i uzasadnienia założeń będących podstawą projekcji finansowych Komisja stwierdza, że wiarygodność przedłożonych projekcji finansowych, jak również solidność planu restrukturyzacji nie zostały wykazane.
English: (USD 18000000,00) 4.
Finnish: (18000000,00 USD)
English: On 7 December 2006 a meeting took place between Commission Member Neelie Kroes and Polish Minister of the Economy Piotr Wozniak. Mr Wozniak stated that Poland was determined to relaunch the privatisation process for SSN by means of an open and transparent procedure, which was to be finalised by June 2007.
French: Le 7 décembre 2006, Mme Neelie Kroes, commissaire chargée de la concurrence, a rencontré M. Piotr Wozniak, ministre polonais de l'économie, qui l'a informée que la Pologne avait décidé de relancer le processus de privatisation du chantier naval de Szczecin, au moyen d'une procédure ouverte et transparente qui devrait s'achever en juin 2007.
English: 2 % of the shares are owned by the State Treasury. ARP is a limited company established by law and wholly owned by the State Treasury.
French: L'ARP est une société par actions du Trésor public, créée conformément à la loi et entièrement détenue par le Trésor public.
English: The core business strategy was diversification of the yard into two principal activities: steel construction and shipbuilding. This was to alleviate the yard’s vulnerability to fluctuations on the shipbuilding market. The product restructuring was to take place in two phases.
French: La stratégie d'activité fondamentale reposait sur la diversification des activités du chantier naval vers, d'une part, la production de constructions métalliques et, d'autre part, la construction navale, et ce afin d'atténuer la vulnérabilité du chantier aux fluctuations affectant le marché de la construction navale La restructuration de la production devait se faire en deux étapes.
English: 434 (State aid) In 2009: 680 In 2010: 1000 Later: 0
French: 434 (aide d'État)
English: SSN Wspólna
French: SSN Wspolna
English: For example product and chemical tankers constituted about 8 % of the order book of European shipyards at the end of 2006. In particular, German and Romanian shipyards are active in these segments.
French: Par exemple, à la fin de l'année 2006, les cargos et chimiquiers représentaient 8 % des commandes des chantiers navals européens, segments dans lesquels les chantiers allemands et roumains sont particulièrement actifs.
Italian: Alla fine del 2006, per esempio, chimichiere e navi cisterna per prodotti petroliferi rappresentavano all’incirca l’8 % del portafoglio ordini dei cantieri europei; in questo segmento sono particolarmente attivi i cantieri tedeschi e romeni.
English: There were no other indications, such as major research and development projects or marketing activities, to support the conclusion that the yard would be able to implement this strategy in the short term. The Commission was therefore not convinced that this market strategy was realistically achievable.
French: Il manquait également d'autres éléments, tels que de grands projets de recherche ou de développement ou des opérations de marketing, qui auraient permis de conclure que le chantier naval serait en mesure de mettre rapidement en œuvre cette stratégie.
English: Furthermore, at the meeting on 10 September 2008 representatives of Ulstein explained that Ulstein planned to provide capital totalling PLN 98 million (i.e. in line with the cooperation agreement described above), out of which only PLN 30 million would be a capital injection. The remaining part would have to be obtained on the market.
French: Qui plus est, lors de la réunion du 10 septembre, les représentants d'Ulstein ont expliqué que l'entreprise prévoyait une contribution propre de 98 millions de PLN (montant conforme à celui arrêté dans l'accord de collaboration susmentionné), dont 30 millions de PLN sous la forme d'une recapitalisation.
English: Starting on 3 June 2008, Poland submitted daily reports to the Commission on the actions taken by interested parties in the relaunched privatisation process. The Commission met the Polish authorities on 13 June 2008.
Hungarian: A Bizottság 2008. június 13-án találkozott a lengyel hatóságokkal.
English: Following this submission, on 4 September 2008 a first meeting took place between the Polish authorities and Commission staff in the presence of Mostostal. On 8 September the Commission received a revised draft restructuring plan and on 10 September 2008 another meeting was organised with the Polish authorities, Mostostal and the potential co-investor Ulstein.
Hungarian: 2008. szeptember 8-án a Bizottság megkapta a szerkezetátalakítási terv átdolgozott tervezetét, 2008. szeptember 10-én pedig újabb találkozót szerveztek a lengyel hatóságok, a Mostostal és a potenciális társbefektető, az Ulstein részvételével.
English: The plan envisaged total investment of PLN 104 million in SSN Ulstein, SSN Mostostal and SSN Wspólna. In addition, SSN Nowa would invest PLN […] [10] million in relocating some production assets in order to free up land, the sale of which was to generate cash for the restructuring.
Hungarian: A terv összesen 104 millió PLN-t irányzott elő az SSN Ulstein, az SSN Mostostal és az SSN Wspólna vállalatokba való befektetésre, Ezen túlmenően az SSN Nowa […] [10] millió PLN-t fektetett volna be bizonyos termelőeszközök áthelyezésébe, hogy olyan földterületet szabadítson fel, amelynek az eladása készpénzt biztosít a szerkezetátalakításhoz.
English: The Commission observes that the conditions for SSN being eligible under the Guidelines were met after the three year period had elapsed. In particular, SSN steadily made losses and was saved several times from bankruptcy only by State intervention.
Hungarian: A Bizottság megállapítja, hogy az SSN számára az iránymutatás szerinti támogathatóság feltételei a hároméves időszak elteltét követően teljesültek, különösen mivel az SSN fokozatosan veszteséget termelt, és a csődtől több alkalommal csak állami beavatkozás mentette meg.
English: By letter of 19 May 2004 the Commission asked Poland to submit certain missing documents. These were provided on 16 June 2004.
Italian: Con lettera del 19 maggio 2004 la Commissione ha invitato la Polonia a presentare alcuni documenti mancanti; tali documenti sono stati forniti il 16 giugno 2004.
English: The Commission asked for additional information by letter of 12 September 2007. The Commission gave its comments on the Information Memorandum and asked for clarifications by letters of 14 September 2007 and 3 October 2007.
Italian: La Commissione ha chiesto informazioni supplementari con lettera del 12 settembre 2007 e ha poi espresso le proprie osservazioni sul memorandum informativo, chiedendo inoltre chiarimenti, con lettere del 14 settembre 2007 e 3 ottobre 2007.
Portuguese: A Comissão solicitou informações complementares por carta de 12 de Setembro de 2007, tendo apresentado as suas observações sobre o memorando informativo e pedido esclarecimentos por cartas de 14 de Setembro de 2007 e de 3 de Outubro de 2007.
English: Poland replied by letter of 9 January 2008, registered on the same day. Poland submitted additional information concerning State aid granted to the yard by letter of 9 January 2008, registered on 10 January 2008.
Italian: La Polonia ha risposto con lettera del 9 gennaio 2008, protocollata lo stesso giorno e ha fornito ulteriori informazioni concernenti gli aiuti di Stato concessi al cantiere con lettera del 9 gennaio 2008, protocollata il 10 gennaio 2008.
English: ARP is a limited company established by law and wholly owned by the State Treasury. ARP conducts activities entrusted to it by law, including participating in ownership-restructuring processes in State-owned enterprises, managing State Treasury assets and shares on behalf of State institutions and providing loans and guarantees for the restructuring of public enterprises.
Italian: ARP è una società a responsabilità limitata, istituita per legge e interamente di proprietà dell’erario; essa svolge attività che le sono attribuite per legge, tra cui la partecipazione a processi di ristrutturazione della proprietà in imprese di proprietà statale, la gestione di elementi dell’attivo e di azioni dell’erario a nome di istituzioni statali e la concessione di prestiti e garanzie per la ristrutturazione di imprese pubbliche.
English: Those measures are not therefore covered by the present Decision. None the less, they have to be taken into account when assessing the compatibility with the common market of the measures granted after accession.
Italian: La presente decisione non riguarda quindi tali misure; di esse tuttavia è necessario tener conto, nel valutare la compatibilità col mercato comune delle misure concesse dopo l’adesione.
English: The last set of measures which, according to the information available, were not granted before accession, are measures granted to SSN by the City of Szczecin in the form of write-offs and deferrals of payment of real estate tax. In total these measures represent PLN 12,5 million. These measures, according to the information provided by the Polish authorities [5], have not been granted to the yard to this day.
Italian: L’ultima serie di misure — che, secondo le informazioni disponibili, non erano state concesse prima dell’adesione — è costituita da misure concesse a SSN dalla città di Stettino sotto forma di cancellazioni o proroghe del pagamento di imposte sugli immobili; tali misure ammontano a una totale di 12,5 milioni di PLN e, secondo le informazioni fornite dalle autorità polacche [5], fino a questo momento il cantiere non ne ha ancora beneficiato.
English: The shipowner pointed out that SSN had constructed eight multipurpose vessels for it with high technical requirements and quality standards. The shipowner expressed the hope that the Commission would approve the aid granted to the yard.
Italian: Quest’armatore ha dichiarato di aver ricevuto da SSN otto navi polivalenti, costruite dal cantiere rispettando elevati requisiti tecnici e standard qualitativi; egli ha espresso la speranza che la Commissione avrebbe approvato gli aiuti concessi al cantiere.
English: The trade union Solidarność emphasised the importance of the shipyard for employment and the economic situation of the whole region. It expressed the hope that the Commission would immediately end the investigation and approve the aid received by the yard.
Italian: Il sindacato Solidarność ha sottolineato l’importanza del cantiere per l’occupazione e l’economia dell’intera regione, auspicando che la Commissione ponesse immediatamente fine all’indagine e approvasse gli aiuti ricevuti dal cantiere.
Portuguese: O sindicato Solidarność destacou a importância do estaleiro para o emprego e para a situação económica de toda a região, e declarou ter esperança de que a Comissão pusesse imediatamente termo à investigação e aprovasse o auxílio recebido pelo estaleiro.
English: In particular, the investments envisaged were insufficient in view of the poor condition of the yard’s equipment and installations. The Polish authorities and the yard maintained that the yard had already restored viability.
Italian: In particolare, alla luce delle cattive condizioni delle attrezzature e degli impianti del cantiere, gli investimenti previsti erano insufficienti.
English: By letter of 23 October 2007 Poland informed the Commission that the privatisation would not be completed as planned by the end of 2007. Instead Poland undertook to commence negotiations with selected investors as of January 2008.
Italian: Con lettera del 23 ottobre 2007 la Polonia ha informato la Commissione che la privatizzazione non sarebbe stata completata, come previsto, entro la fine del 2007; la Polonia si è però impegnata ad avviare negoziati con investitori selezionati nel gennaio 2008.
English: This was to alleviate the yard’s vulnerability to fluctuations on the shipbuilding market. The product restructuring was to take place in two phases.
Italian: In tal modo, si intendeva ridurre la vulnerabilità del cantiere alle fluttuazioni del mercato delle costruzioni navali.
English: On 7 July 2008 the two companies signed a letter of intent agreeing to negotiate over a possible cooperation agreement. The cooperation was to consist principally in Ulstein using part of SSN’s capacity.
Italian: Il 7 luglio 2008 le due imprese hanno firmato una lettera d’intenti per la negoziazione di un possibile accordo di cooperazione; tale cooperazione doveva consistere principalmente nell’utilizzo di parte della capacità di SSN da parte di Ulstein.
English: According to the plan, the success of the restructuring depended on the yard receiving additional State aid. It envisaged several capital injections and a debt-for-equity swap to be granted by the State Treasury or subordinate public bodies, worth a total of PLN 588 million. This included the capital injection of PLN 145 million by ARP decided upon in June 2008.
Italian: Secondo il piano, il successo della ristrutturazione dipendeva dalla concessione di ulteriori aiuti di Stato al cantiere; il piano stesso prevedeva quindi ripetuti aumenti di capitale nonché una conversione di debiti in titoli (concessa dall’erario o da organismi pubblici subordinati), per un valore totale di 588 milioni di PLN; in tale operazione rientrava anche l’aumento di capitale di 145 milioni di PLN da parte di ARP deciso nel giugno 2008.
English: Finally, SSN Wspólna was mainly to provide services to the other companies. The plan estimated that the steel processing capacity of SSN Wspólna would be 74 thousand tonnes.
Italian: Infine, SSN Wspólna avrebbe dovuto essenzialmente fornire servizi alle altre imprese.
English: The Commission notes that the interest rate charged by KPS was more or less at the level of the reference rate. It also notes that SSN had been in a very precarious financial situation for several years.
Italian: La Commissione osserva che il tasso d’interesse applicato da KPS corrispondeva più o meno al livello del tasso di riferimento; nota altresì che SSN versava in gravi difficoltà finanziarie da parecchi anni.
English: SSN was not able to obtain any other external financing of its production with State support, in the form of either KPS participation or guarantees. Its working capital was financed from advance payments fully covered by KUKE guarantees, or from KPS loans.
Italian: SSN non era in grado di ottenere altri finanziamenti esterni della propria produzione con il sostegno statale, né sotto forma di partecipazione né sotto forma di garanzie da parte di KPS; il suo capitale d’esercizio era finanziato da pagamenti anticipati completamente coperti da garanzie KUKE o da prestiti KPS.