FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: According to point 3.1 of the Commission Notice on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees (hereinafter ‘Commission Notice on guarantees’) [26], in the case of an individual State guarantee, the aid element must be assessed by reference to the terms of the guarantee and loan. In the light of the severe financial difficulties of BPP at the time the guarantee was given, it was highly unlikely that the company would have been able to obtain a bank loan on the market without State intervention.
Maltese: Skont il-punt 3.1 tal-Avviż tal-Kummissjoni dwar l-applikazzjoni tal-Artikoli 87 u 88 tat-Trattat tal-Komunità Ewropea għal għajnuna mill-Istat f’forma ta’ garanziji (minn hawn ‘il quddiem “Avviż tal-Kummissjoni dwar il-garanziji”) [26], fil-każ ta’ garanzija tal-Istat individwali, l-element ta’ għajnuna għandu jiġi vvalutat b’referenza għat-termini tal-garanzija u tas-self. Fid-dawl tad-diffikultajiet kbar finanzjarji ta’ BPP fiż-żmien meta ngħatat il-garanzija, kien improbabbli ħafna li l-kumpanija kienet tkun kapaċi tikseb self mill-bank fis-suq mingħajr intervent tal-Istat.
English: On 5 December 2008 BPP signed a loan agreement (‘the loan agreement’), backed by a State guarantee, for EUR 450 million, with six major Portuguese banks (Banco Comercial Português, S.A., Caixa Geral de Depósitos, S.A., Banco Espírito Santo, S.A., Banco BPI, S.A., Banco Santander Totta, S.A., Caixa Central – Caixa Central de Crédito Agricola Mútuo CRL) (‘the bank syndicate’). The loan had a maturity of 6 months, renewable up to 2 years, and bore an interest rate of EURIBOR + 100 basis points.
Polish: W dniu 5 grudnia 2008 r. BPP podpisał z sześcioma głównymi bankami portugalskimi (Banco Comercial Português, SA, Caixa Geral de Depósitos, SA, Banco Espírito Santo, SA, Banco BPI, SA, Banco Santander Totta, SA, Caixa Central – Caixa Central de Crédito Agricola Mútuo CRL) („syndykat bankowy”) zabezpieczoną gwarancją rządową umowę pożyczki („umowa pożyczki”) na kwotę 450 mln EUR. Termin zapadalności pożyczki wynosił sześć miesięcy z możliwością jego przedłużenia do dwóch lat, a stopa procentowa była ustalona na poziomie EURIBOR + 100 punktów bazowych.
English: Further, according to the Portuguese authorities, the extensions (even if they are considered to constitute new aid) did not give rise to an economic advantage, because BPP was not, in practice, operating, at least from 1 December 2008 onward. Thus the measure, with or without the extensions, did not ‘grant an economic advantage to BPP or strengthen its position in relation to its competitors for the simple reason that BPP was not operating on the market and, consequently, was not in competition with other banks’ [14].
Polish: Co więcej, według władz portugalskich przedłużenia (nawet jeżeli uznaje się, że stanowią one nową pomoc) nie przyczyniły się do powstania korzyści gospodarczej, ponieważ BPP praktycznie rzecz biorąc nie prowadził działalności co najmniej począwszy od dnia 1 grudnia 2008 r. Tym samym środek, niezależnie od jego przedłużenie lub braku przedłużenia, nie „przyznawał korzyści gospodarczej BPP ani nie wzmacniał jego pozycji względem konkurentów, ponieważ BPP nie prowadził działalności na rynku i w konsekwencji nie konkurował z innymi bankami” [14].
English: The argument put forward by the Portuguese authorities that BPP was not operating in the market after 1 December 2008 cannot be accepted. Given that BPP’s banking licence was only revoked by the Bank of Portugal on 15 April 2010, BPP could have entered or re-entered the market at short notice.
Polish: Nie można przyjąć wysuwanego przez władze portugalskie argumentu, że BPP nie prowadził działalności na rynku po dniu 1 grudnia 2008 r. Biorąc pod uwagę, że Bank Portugalii cofnął licencję bankową BPP dopiero dnia 15 kwietnia 2010 r., BPP mógł wejść lub ponownie wejść na rynek w krótkim czasie.
English: Portugal’s position regarding the obligation to present the restructuring plan, arguing that its only duty was to transmit that plan to the Commission, cannot be accepted either in light of the commitments on which the Rescue Aid Decision was based. In any event, the fact remains that the restructuring plan was not presented within the required timeframe set out in the Rescue Aid Decision and therefore the basis on which approval was given was not upheld.
Portuguese: A posição de Portugal relativamente à obrigação de apresentar um plano de reestruturação, segundo a qual lhe competia apenas a transmissão do plano à Comissão também não pode ter acolhimento à luz dos compromissos nos quais se baseou a Decisão relativa ao auxílio de emergência De qualquer modo, o facto é que o plano de reestruturação não foi apresentado no prazo estabelecido na decisão relativa ao auxílio de emergência, não tendo, por conseguinte, sido cumprida o pressuposto em que se baseou a aprovação da medida de auxílio.
English: Thus the measure, with or without the extensions, did not ‘grant an economic advantage to BPP or strengthen its position in relation to its competitors for the simple reason that BPP was not operating on the market and, consequently, was not in competition with other banks’ [14]. Portugal therefore considers that the measure affected neither competition nor trade among Member States.
Slovenian: Zato ta ukrep, s podaljšanji ali brez njih, „banki BPP ni zagotovil gospodarske prednosti ali okrepil njenega položaja v primerjavi s konkurenčnimi ponudniki iz preprostega razloga, da banka BPP ni poslovala na trgu in zato ni konkurirala drugim bankam.“ [14] Portugalska zato meni, da ukrep ni vplival niti na konkurenco niti na trgovino med državami članicami.