FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The experts ascertained that Olympic Airways management appeared to have interpreted the concept of retirement and other restructuring expenses in the broadest possible sense, so as to cover any kind of spending by Olympic Airways in the period between the hive-off of Olympic Airlines and the completion of privatisation. It was not easy to verify the analysis of the purposes for which Olympic Airways had used the money, because the funds from the special account were not differentiated from any other funds received into the company’s main bank account, but Olympic Airways management indicated to the experts that the funds had been spent as follows:
Dutch: Hoewel de analyse van de zaken waarvoor het kapitaal in kwestie door OA werd gebruikt niet gemakkelijk kan worden gecontroleerd aangezien de van de „speciale rekening” afkomstige middelen niet werden gescheiden van alle andere fondsen die de maatschappij op haar hoofdbankrekening ontving, heeft de directie van OA de deskundigen van de Commissie meegedeeld dat de middelen als volgt werden besteed:
English: The Greek authorities further explained that the strategic model for Olympic Airlines was the creation of a viable scheduled air carrier, operating with industry average labour costs, which would be able to take advantage of a number of factors including Olympic Airways’ strong brand image, Greece’s position as one of the world’s 15 favourite tourist destinations, and the 2004 Olympic Games in Athens. New management had been appointed to Olympic Airlines and a thorough review of the business plan was under way.
Polish: Władze greckie wyjaśniły ponadto, że strategicznym modelem dla Olympic Airlines jest utworzenie rentownego przewoźnika lotniczego obsługującego połączenia regularne, który na tle branży ponosi koszty pracy o średniej wysokości i który będzie w stanie wykorzystać szereg czynników, m.in. silny wizerunek marki Olympic Airways, pozycję Grecji jako jednego z 15 najbardziej popularnych miejsc turystycznych na świecie oraz Igrzyska Olimpijskie w Atenach w 2004 r. Wyznaczono nowy zarząd Olympic Airlines i rozpoczęto dokładny przegląd planu operacyjnego.
English: The Greek authorities replied to this letter of formal notice on 28 October 2004. Greece argued that issuing an injunction at this stage would be disproportionate and unjustified, and would seriously jeopardise the intensive efforts Greece was making to find a solution to the companies’ difficulties.
Polish: Władze greckie odpowiedziały na to wezwanie do usunięcia uchybienia w dniu 28 października 2004 r., argumentując, że wydanie nakazu na tym etapie byłoby nieproporcjonalne i nieuzasadnione oraz poważnie zagroziłoby podejmowanym przez Grecję intensywnym wysiłkom na rzecz znalezienia rozwiązania problemów, z jakimi borykają się spółki.
English: In their review of Olympic Airways’ accounts the experts found that on 24 September 2004 the Greek State had made lease payments totalling EUR 11774684 as guarantor under two finance lease agreements with Crédit Lyonnais for two A340 aircraft. The payments related to the six-monthly instalment due on 29 July 2004 under the lease contracts for the aircraft.
Polish: Dokonując przeglądu rachunków Olympic Airways, eksperci ustalili, że dnia 24 września 2004 r. państwo greckie jako gwarant dwóch umów o leasing finansowy z Crédit Lyonnais w odniesieniu do dwóch statków powietrznych A340 dokonało płatności z tytułu leasingu na łączną kwotę 11774684 EUR. Płatności dotyczą półrocznej raty z tytułu umów o leasing statków powietrznych, której zapłata przypadała w dniu 29 lipca 2004 r.
Slovenian: Strokovnjaki so pri pregledu računovodskih izkazov družbe Olympic Airways ugotovili, da je grška država 24. septembra 2004 kot porok na podlagi dveh pogodb o finančnem najemu, sklenjenih z banko Crédit Lyonnais v zvezi z dvema letaloma A340, plačala najem v skupni vrednosti 11774684 EUR. Ta plačila se nanašajo na polletni obrok z dne 29. julija 2004, dolgovan v skladu s pogodbama o najemu letal.
English: Crédit Lyonnais had agreed to allow the money to be released from the escrow account upon completion of the transfer of the aircraft lease contracts from Olympic Airways to the State (by novation), which was due to happen in December 2004. The transfer of the contracts to the State was indeed completed in December 2004.
Polish: Crédit Lyonnais wyraził zgodę na uwolnienie tych środków z rachunku powierniczego po sfinalizowaniu przeniesienia umów o leasing statków powietrznych ze spółki Olympic Airways na państwo (poprzez konwersję wierzytelności), co miało nastąpić w grudniu 2004 r. Przeniesienie umów na państwo sfinalizowano rzeczywiście w grudniu 2004 r.
English: The experts carried out an analysis of the company’s cash flow of the company in 2004, and showed that the company had followed the latter course, with creditors increasing by EUR […] million in the year. Among the most significant increases in the suppliers account there was a sum of EUR […] million owed to AIA, up from EUR […] million in 2003. In April 2005, Olympic Airlines entered into a settlement agreement with AIA for the payment of EUR […] million of the EUR […] million debt outstanding at that date. The terms of the agreement were for fixed monthly payments to be made between 30 April 2005 and 30 November 2005. Another significant component in the debt owed by Olympic Airlines at 31 December 2004 was a balance of EUR […] million owed to Olympic Aviation; this had increased from EUR […] million at 31 December 2003.
Polish: Eksperci przeprowadzili analizę przepływu środków pieniężnych spółki w 2004 r. i wykazali, że spółka skorzystała z tej drugiej możliwości, bowiem jej zobowiązania zwiększyły się w ciągu roku o […] mln EUR. Jedną z kwot w odniesieniu do konta dostawców, która najbardziej znacząco wzrosła, była kwota w wysokości […] mln EUR należna AIA w stosunku do […] mln EUR w 2003 r. W kwietniu 2005 r. Olympic Airlines zawarła z AIA ugodę w sprawie rozliczenia płatności kwoty […] mln EUR z pozostającego do spłaty zadłużenia wynoszącego wówczas […] mln EUR. W warunkach ugody przewidziano uiszczanie stałych miesięcznych płatności od dnia 30 kwietnia 2005 r. do dnia 30 listopada 2005 r. Kolejnym istotnym elementem zadłużenia Olympic Airlines na dzień 31 grudnia 2004 r. była kwota pozostająca do spłaty na rzecz Olympic Aviation w wysokości […] mln EUR, co wskazuje na wzrost, gdyż na dzień 31 grudnia 2003 r. omawiana pozycja wynosiła […] mln EUR.
English: The extended payment terms applied from 1 July 2004 to 28 February 2005. As a condition for receiving these extended terms, Olympic Airlines was required to provide security in the form of a mortgage in favour of AIA on two […] aircraft, up to a maximum amount of EUR […] million. The liability at 31 December 2004 represented approximately four months’ charges, and in May 2005 it represented approximately five months’ charges, which is clearly in excess of the 45-day payment terms to be allowed under the financial settlement agreement.
Polish: Wydłużony termin płatności obowiązywał od dnia 1 lipca 2004 r. do dnia 28 lutego 2005 r. Warunkiem otrzymania tego wydłużonego terminu płatności był wymóg ustanowienia przez Olympic Airlines zabezpieczenia w postaci hipoteki na korzyść AIA na dwóch statkach powietrznych […] na maksymalną kwotę […] mln EUR. Zobowiązania na dzień 31 grudnia 2004 r. odpowiadały w przybliżeniu opłatom za cztery miesiące, zaś w maju 2005 r. – w przybliżeniu opłatom za pięć miesięcy, co jest wyraźnym przekroczeniem 45-dniowego terminu płatności ustalonego w porozumieniu w sprawie rozliczenia finansowego.
English: The Commission must also consider the other measures which it has decided here amount to State aid, namely the grants totalling almost EUR 57 million given by the Greek State to Olympic Airways, and the forbearance shown by the State towards Olympic Airways, which has seen Olympic Airways’ tax and social security liabilities rise from EUR 273 million at the end of 2002, when the restructuring took place, to EUR 627 million at the end of 2004. The exemptions provided for in Articles 87(2) and 87(3)(a), (b) and (d) of the Treaty cannot apply to Olympic Airways (see paragraphs 219 to 221), and the Commission must now assess whether the exemption in Article 87(3)(c) can apply.
Polish: Komisja musi również uwzględnić inne środki, które uznała za pomoc państwa w tym przypadku, a mianowicie dotacje na łączną kwotę 57 mln EUR wypłacone spółce Olympic Airways przez państwo greckie oraz udzielenie przez państwo zwłoki na rzecz Olympic Airways, co doprowadziło do wzrostu zobowiązań Olympic Airways z tytułu podatków i ubezpieczeń społecznych z 273 mln EUR na koniec 2002 r., kiedy miała miejsce restrukturyzacja, do 627 mln EUR na koniec 2004 r. Jako że wyłączenia przewidziane w art. 87 ust. 2 i ust. 3 lit. a), b), d) Traktatu nie mogą mieć zastosowania do Olympic Airways (zob. motywy 219–221), Komisja musi teraz ocenić, czy można w tej sprawie zastosować wyłączenie przewidziane w art. 87 ust. 3 lit. c).
English: As far as the period 1994–1998 was concerned, the Commission decided under Article 14(1) of Regulation (EC) No 659/1999 [34] that no recovery was necessary for aid granted before 14 August 1998. But the State granted the guarantees at issue here well after that date (in October 1999 for the four aircraft and in February 2001 for the ABN Amro loan).
Polish: Jeżeli chodzi o okres 1994–1998, Komisja podjęła decyzję na mocy art. 14 ust. 1 rozporządzenia (WE) nr 659/1999 [34], że odzyskanie pomocy nie jest konieczne w przypadku pomocy przyznanej przed dniem 14 sierpnia 1998 r. Przedmiotowe gwarancje zostały jednak przyznane przez państwo znacznie później (w październiku 1999 r. dla czterech pożyczek w odniesieniu do statków powietrznych oraz w lutym 2001 r. dla pożyczki z banku ABN Amro).
English: By Ministerial Decree 2/71992/A0024 of 22 December 2003, enacted pursuant to Article 27 of Law 3185/2003, the Greek State opened a special account at the Bank of Greece entitled ‘Greek State — Denationalisation account of the Olympic Airways group’. The account is to be credited with the proceeds of any sale, within the framework of the privatisation procedure, of companies within the Olympic Airways group whose shares have been transferred to the Greek State (the first being Olympic Airlines).
Portuguese: Através do Decreto Ministerial n.o 2/71992/A0024, de 22 de Dezembro de 2003, promulgado nos termos do artigo 27.o da Lei n.o 3185/2003, o Estado grego abriu uma conta especial no Banco da Grécia, denominada «Estado Grego – Conta relativa à desnacionalização do grupo Olympic Airways».
English: With respect to the non-flight operations now regrouped within Olympic Airways Services (ground handling, maintenance and engineering and aviation training), Greece indicated that it intended to privatise these activities also. This was provided for by Law 3185/2003.
Portuguese: No que se refere a outras operações «não voo» reagrupadas agora na Olympic Airways Services (assistência em escala, manutenção e engenharia e formação em aviação), a Grécia informou que tencionava privatizar também essas actividades, tal como estava previsto na Lei n.o 3185/2003.
English: Among the most significant increases in the suppliers account there was a sum of EUR […] million owed to AIA, up from EUR […] million in 2003. In April 2005, Olympic Airlines entered into a settlement agreement with AIA for the payment of EUR […] million of the EUR […] million debt outstanding at that date.
Portuguese: Os aumentos mais significativos das dívidas a fornecedores incluíam: um montante de […] milhões de EUR em dívida ao AIA, que em 2003 fora de […] milhões de EUR. Em Abril de 2005, a Olympic Airlines concluíra com o AIA um acordo de liquidação para o pagamento de […] milhões de EUR da dívida de […] milhões de EUR […] pendente nessa data.
Slovak: Medzi najvýznamnejšie zvýšenia na strane záväzkov možno poukázať na sumu […] mil. EUR splatnú spoločnosti AIA, ktorá oproti roku 2003 vzrástla o […] mil. EUR. V apríli 2005 spoločnosť Olympic Airlines uzatvorila dohodu o vyrovnaní dlhov so spoločnosťou AIA na úhradu […] mil. EUR z dlhu vo výške […] mil. EUR nesplateného k uvedenému dátumu.
English: It also assured the Commission that it intended to carry out the recovery. It did not carry out the recovery, nor did it provide the Commission with a timetable for doing so.
Romanian: De asemenea, guvernul elen a asigurat Comisia că intenționează să procedeze la recuperarea ajutorului, însă nu a făcut acest lucru și nici nu a comunicat Comisiei calendarul recuperării ajutorului.
English: They contended that this was not the intention, which was rather to maximise recovery of investment. They explained that the operation of the special account was such as to ensure that amounts up to the nominal value of the shareholding of Olympic Airlines were available to Olympic Airways and its creditors, which ensured an adequate level of creditor protection.
Romanian: Autoritățile elene susțin că nu aceasta a fost intenția, ci de a maximiza recuperarea investiției și au explicat că funcționarea contului special este concepută astfel încât să asigure că sumele până la valoarea nominală a acțiunilor NOA sunt disponibile pentru OA și creditorii acesteia, asigurând un nivel adecvat de protecție a creditorilor.
English: The sum of EUR 130312450 had been granted in instalments between 24 December 2003 and 13 May 2004 (a period of less than six months). It was paid out in this way so that if the Commission were to decide that it constituted State aid within the meaning of Article 87(1) of the Treaty, the conditions it needed to meet in order to qualify as rescue aid would all be met.
Romanian: Suma de 130312450 EUR a fost acordată în tranșe în perioada 24 decembrie 2003 – 13 mai 2004 (mai puțin de 6 luni), pentru ca, în cazul în care Comisia urma să decidă că aceasta constituia ajutor de stat în înțelesul articolului 87 alineatul (1) din tratat, să fie îndeplinite toate condițiile necesare calificării acestui ajutor drept ajutor pentru salvare.
English: The Commission takes the view that both the grants of direct aid and the State’s failure to act to collect outstanding debts give Olympic Airways a significant commercial advantage over its competitors. In its dealings with Olympic Airways the State has not been acting in a rational and commercial manner.
Romanian: Comisia constată că atât acordarea de ajutoare directe, cât și lipsa oricărei acțiuni a statului pentru recuperarea datoriilor conferă companiei OA un avantaj comercial important față de concurenții săi.
English: Airbus A300-65
Slovak: Airbus A340-65
English: They found that the head-lease charges paid by the State amounted to approximately EUR 750000 per month, whereas the sublease charges ranged from approximately EUR 400000 to EUR 500000 per month. In effect the Greek State lost between EUR 250000 and EUR 350000 on each of these four aircraft each month.
Slovenian: Ugotovili so, da je država za stroške prvotnih najemov na mesec plačevala približno 750000 EUR, medtem ko so stroški podnajema na mesec znašali od približno 400000 EUR do 500000 EUR. Grška država je pri vsakem od teh štirih letal vsak mesec dejansko izgubila med 250000 EUR in 350000 EUR.
English: In the alternative, if the Commission were to take the view that the advance was not consistent with what a private market economy investor would have done to maximise recovery and return on investment, the Greek authorities asked the Commission to consider whether in the light of the rescue and restructuring guidelines the advance constituted rescue aid compatible with the common market under Article 87(3)(c). In that event the Greek authorities would submit that the conditions for the grant of rescue aid were met from December 2003 onward, and this would be substantiated by providing business plans and the like.
Swedish: Om kommissionen å andra sidan skulle inta ståndpunkten att förskottsbetalningen inte är förenlig med vad en privat investerare i en marknadsekonomi skulle ha gjort för att maximera återvinningen och avkastningen på investeringen, bad de grekiska myndigheterna kommissionen att överväga huruvida förskottsbetalningen mot bakgrund av riktlinjerna för undsättning och omstrukturering utgjorde ett undsättningsstöd som var förenligt med den gemensamma marknaden i enlighet med artikel 87.3 c. I så fall skulle de grekiska myndigheterna framhålla att villkoren för att bevilja undsättningsstödet uppfylldes från december 2003 och framåt och detta skulle bevisas genom tillhandahållandet av affärsplaner o. dyl.