FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: This is provided for, inter alia, in Article 13(2) of Regulation (EC) No 659/1999 (hereinafter referred to as ‘the Procedural Regulation’). It considers that it is therefore perfectly satisfactory for the Commission to receive a restructuring plan which is approved before the Commission decides whether the State aid is compatible with the common market.
Italian: Ciò è stabilito tra l’altro dall’articolo 13, paragrafo 2, del regolamento (CE) n. 659/1999 (di seguito il «regolamento di procedura»), in virtù del quale è perfettamente accettabile che la Commissione riceva un piano di ristrutturazione approvato prima che la Commissione stessa abbia deciso se l’aiuto è compatibile o no con il mercato comune.
English: The Danish government argues that in the light of the complexity of the privatisation process, 18 months constitute a reasonably short period of time. It also refers in this context to BP Chemicals, where the time between the first and the last tranche of the aid was 22 months.
Italian: Il governo danese sostiene che, data la complessità del processo di privatizzazione, 18 mesi costituiscono un lasso di tempo ragionevolmente breve e si richiama a questo proposito al caso di BP Chemicals, in cui sono trascorsi 22 mesi tra l’erogazione della prima e della seconda rata dell’aiuto.
English: In the present case, on the contrary, nothing indicates that the Danish authorities planned in 1999, when they decided the first capital injection, to proceed with a second capital injection at a later stage of the restructuring. On the contrary: the first capital injection had been calculated in a way that it should be sufficient to restore in itself the economic viability of Combus.
Italian: Nel caso di cui trattasi, al contrario, nessun elemento indica che nel 1999, quando hanno deciso il primo conferimento di capitale, le autorità danesi prevedessero una seconda ricapitalizzazione in una fase successiva della ristrutturazione. anzi: il primo conferimento di capitale era stato calcolato in modo da essere sufficiente per ripristinare la redditività economica di Combus.
English: The 2001 capital injection was not foreseen at the time the 1999 capital injection was decided. On the contrary: the Danish authorities assumed that the 1999 capital injection was sufficient.
Italian: la ricapitalizzazione del 2001 non era prevista nel 1999 quando era stato deciso il primo conferimento di capitale; anzi: le autorità danesi ritenevano che la ricapitalizzazione del 1999 sarebbe stata sufficiente,
English: The Danish government argues that the 1999 measure respects the private investor principle. This is also the reason why it had not been notified to the Commission prior to its realisation.
Italian: Il governo danese sostiene che la misura del 1999 rispetta il principio dell’investitore privato e che per questo motivo non l’ha notificata alla Commissione prima della sua attuazione.
English: Danske Busvognmaend considers that no restructuring plan was available when the capital injection of 1999 was made. Further to this, Danske Busvognmaend claims that a restructuring plan cannot be drawn up in arrears,
Italian: il primo è stato sollevato da Danske Busvognmaend secondo cui al momento della ricapitalizzazione del 1999 non era disponibile alcun piano di ricapitalizzazione e un piano di ristrutturazione non può essere definito a posteriori;
Portuguese: A Danske Busvognmaend considera que não existia nenhum plano de reestruturação quando se efectuou a entrada de capital de 1999, e alega que não se pode elaborar um plano de reestruturação depois de esta estar concluída;
English: Material existence of the restructuring plan. The ECJ has decided in France v Commission that the authorities of the Member State granting the restructuring aid have to possess, ‘when the disputed aid was granted, a restructuring plan meeting the requirements [of the Rescue and Restructuring guidelines]’ [55].
Italian: Esistenza effettiva del piano di ristrutturazione Nella causa Francia/Commissione la Corte di giustizia ha stabilito che le autorità dello Stato membro che concede l’aiuto devono effettivamente disporre «al momento della concessione degli aiuti controversi, di un piano di ristrutturazione rispondente ai requisiti [degli orientamenti per il salvataggio e la ristrutturazione]» [55].
English: It was notified prior to the coming into force of the 2004 guidelines and after the entry into force of the 1999 guidelines. Consequently, the 1999 restructuring guidelines apply to the 2001 measure.
Italian: Esso è stato notificato prima dell’entrata in vigore degli orientamenti del 2004 e dopo l’entrata in vigore degli orientamenti del 1999. ad essa si applicano gli orientamenti per la ristrutturazione del 1999.
English: Therefore, the granting of the aid is conditional on implementation of the restructuring plan which must be endorsed by the Commission. The company must fully implement the restructuring plan.
Italian: La concessione dell’aiuto è pertanto subordinata all’attuazione del piano di ristrutturazione che deve essere approvato dalla Commissione; la società deve attuare integralmente il piano di ristrutturazione;
English: Neither the Danish government nor Danske Busvognmaend has contested this finding. Accordingly, the Commission concludes that Combus was a firm in difficulty.
Italian: Poiché né il governo danese né Danske Busvognmaend hanno contestato questa affermazione, la Commissione conclude che Combus era un’impresa in difficoltà.
English: a description of the circumstances that led to the company’s difficulties, thereby providing a basis for assessing whether the proposed measures are appropriate. It must enable the firm to progress towards a new structure that offers it prospects for long-term viability and enables it to stand on its own feet,
Italian: una descrizione delle circostanze all’origine delle difficoltà dell’impresa, in modo da consentire di valutare l’adeguatezza delle misure proposte; esso deve permettere una transizione verso una nuova struttura che offra all’impresa prospettive di redditività a lungo termine e le consenta di funzionare con i propri mezzi;
English: a description for a turnaround that will enable the company, after completing its restructuring, to cover all its costs including depreciation and financial charges. The expected return on capital must be enough to enable the restructured firm to compete in the marketplace on its own merits.
Italian: una descrizione dei cambiamenti che saranno introdotti per consentire all’impresa, dopo la ristrutturazione, di coprire la totalità dei suoi costi, compresi l’ammortamento e gli oneri finanziari; il rendimento previsto del capitale proprio deve essere sufficiente per permettere all’impresa di affrontare la concorrenza sul mercato facendo affidamento soltanto sulle proprie forze.
Lithuanian: radikalių pokyčių, kurie, užbaigus restruktūrizavimą, bendrovei suteiktų galimybę padengti visas savo sąnaudas, įskaitant nusidėvėjimą ir finansines išlaidas, aprašą; numatoma kapitalo grąža turėtų būti pakankama, kad restruktūrizuota įmonė galėtų konkuruoti rinkoje savo pačios jėgomis.
English: The compulsory limitation or reduction of the company's presence on the relevant market(s) represents a compensatory factor in favour of its competitors. It should be in proportion to the distortive effects of the aid and, in particular, to the relative importance of the firm on its market or markets.
Italian: La limitazione o riduzione forzata della presenza sul mercato o sui mercati rilevante (i) sui quali opera l’impresa rappresenta una contropartita per i concorrenti e deve essere proporzionata agli effetti distorsivi dell’aiuto e, in particolare, al peso relativo dell’impresa sul suo mercato (o mercati).
English: […] Where […] there is no Community-wide or EEA-wide structural excess of production capacity in a market served by the recipient, the Commission will nevertheless examine whether compensatory measures should be required. Where any such compensatory measures involve a reduction in the capacity of the firm concerned, the necessary reduction could be achieved through the hiving-off of assets or subsidiaries.
Italian: […] se invece il mercato in cui opera il beneficiario dell’aiuto non è caratterizzato da una situazione di sovraccapacità produttiva strutturale nella Comunità o nel SEE, la Commissione valuterà comunque l’opportunità di esigere una contropartita; qualora la contropartita preveda una riduzione della capacità dell’impresa interessata, tale riduzione potrà assumere la forma di una cessione di attività o di affiliate.
English: Ecorys has established three scenarios: a low case, a base case and a high case. These scenarios are defined as follows:
Italian: Ecorys ha stabilito tre scenari: inferiore, di base e superiore, che sono definiti come segue:
English: This indicates that Combus as a company is in itself viable under the assumption of efficient financing (in line with comparable companies), though certain conditions have to be met in order to achieve its expected return. These conditions are:
Italian: Ciò indica che Combus di per sé può essere una società redditizia nell’ipotesi di un finanziamento efficace (in linea con quello di cui fruiscono società comparabili), benché per conseguire i risultati attesi debbano prodursi una serie di condizioni, ovvero:
English: were compatible, for an amount of DKK 162 million [3], with the common market based either on Article 73 EC or on Article 87(3)(c) EC in combination with the Community Guidelines on State aid for rescuing and restructuring firms in difficulty [4] (hereinafter referred to as ‘the 1999 Restructuring Guidelines’), or were compatible, for an amount of DKK 328 million [5], with the common market based on Council Regulation (EEC) No 1191/69 of 26 June 1969 on action by Member States concerning the obligations inherent in the concept of a public service in transport by rail, road and inland waterway [6].(6) The decision was published in the Official Journal on 5 May 2001 [7].
Slovenian: so bili, kar zadeva znesek 162 milijonov DKK [3], združljivi s skupnim trgom po členu 73 Pogodbe ES ali členu 87(3)(c) Pogodbe ES skupaj s smernicami Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah [4] (v nadaljnjem besedilu: smernice o prestrukturiranju iz leta 1999), aliso bili, kar zadeva znesek 328 milijonov DKK [5], združljivi s skupnim trgom na podlagi Uredbe Sveta (EGS) št. 1191/69/EGS z dne 26. junija 1969 o ukrepanju držav članic glede obveznosti javne službe v železniškem in cestnem prometu ter prometu po celinskih plovnih poteh [6].(6) Odločba je bila objavljena v Uradnem listu 5. maja 2001 [7].
Lithuanian: kalbant apie 162 mln. DKK sumą [3], buvo suderinamos su bendrąja rinka pagal EB sutarties 73 straipsnį arba pagal EB sutarties 87 straipsnio 3 dalies c punktą ir Bendrijos gaires dėl valstybės pagalbos sunkumus patiriančioms įmonėms sanuoti ir restruktūrizuoti [4] (toliau – 1999 m. restruktūrizavimo gairės),kalbant apie 328 mln. DKK sumą [5], buvo suderinamos su bendrąja rinka pagal 1969 m. birželio 26 d. Tarybos reglamentą (EEB) Nr. 1191/69 dėl valstybių narių veiksmų, susijusių įsipareigojimais, neatskiriamais nuo viešosios paslaugos geležinkelio, kelių ir vidaus vandenų transporto srityje sąvokos [6].(6) Šis sprendimas 2001 m. gegužės 5 d. paskelbtas Oficialiajame leidinyje [7].
English: Case C-280/00 Altmark Trans and Regierungspräsidium Magdeburg [2003] ECR p. I-7747, paragraphs 107 and 108 (hereinafter referred to as the “Altmark Judgment”) ’ [11]. . Accordingly, the plea directed against the contested decision in so far as it authorises the payment of the DKK 328 million on the basis of Article 73 EC must be upheld.
Latvian: Spriedums lietā C-280/00, Altmark Trans un Regierungspräsidium Magdeburg, 2003, ECR I-7747, 107. un 108. punkts (turpmāk “Altmark spriedums”) ” [11].. Tādējādi ir jāatzīst pret apstrīdēto lēmumu vērstais pamats, ciktāl ar šo lēmumu ir apstiprināts maksājums DKK 328 miljonu apmērā, pamatojoties uz EK līguma 73. pantu.
Lithuanian: 2003 m. liepos 24 d. Sprendimo Altmark Trans ir Regierungspräsidium Magdeburg, C-280/00, Rink. p. I-7747, 107 ir 108 punktai (toliau – Sprendimas Altmark byloje)“ [11].. Taigi pagrindas dėl ginčijamojo sprendimo turi būti patvirtintas, nes sprendime 328 mln. DKK išmoka leidžiama remiantis Bendrijos sutarties 73 straipsniu.
English: Based on these submissions, the financial adviser of the government, the Copenhagen office of Alfred Berg Corporate Finance (hereinafter referred to as ‘Alfred Berg’), concluded as follows: ‘.… it can be concluded that Combus’ total share capital has a negative market value of hundreds of millions of Danish kroner.
Lithuanian: Remdamasi pateiktais dokumentais, Vyriausybę finansų klausimais konsultuojanti Kopenhagos tarnyba „Alfred Berg Corporate Finance“ (toliau – „Alfred Berg“), padarė šią išvadą:
English: In addition to the profitability of the primary business having fallen significantly over the last couple of years, the estimated value is further reduced by the significant interest-bearing net debt built up by the company over the same period. Most potential buyers understand, however, that financially and economically very weak companies such as Combus are not traded at large negative values as it would then be more appropriate for the vendor to close down the company.
Lithuanian: „… galima daryti išvadą, kad visas bendrovės „Combus“ akcinis kapitalas turi neigiamą rinkos vertę, kuri sudaro šimtus milijonų Danijos kronų. Per paskutiniuosius porą metų labai krintant pagrindinio verslo pelningumui, apskaičiuota vertė toliau mažinama dėl grynosios skolos, kuriai skaičiuojamos palūkanos, bendrovės sukauptos per tą patį laikotarpį. Vis dėlto dauguma potencialių pirkėjų supranta, kad tokios finansiškai ir ekonomiškai silpnos bendrovės kaip „Combus“ neparduodamos didele neigiama rinkos verte, nes pardavėjui labiau apsimokėtų bendrovę uždaryti.
English: ‘Option 1: For the State to continue ownership in order to carry out a thorough rationalisation and streamlining of Combus and thereby ensure that the company will be profitable within 2-3 years and consequently more saleable. Due to the company’s very weak capital structure and large debt burden at this time, this will probably mean the State injecting a nine-figure amount in new equity capital in the short term. There is considerable risk in investing in a “turnaround” of Combus, and is no guarantee of a positive return on the State’s investment.
Dutch: „Optie 1: De staat blijft eigenaar om een grondige rationalisering en stroomlijning van Combus te kunnen uitvoeren om het bedrijf binnen 2-3 jaar winstgevend en dus beter verkoopbaar te maken. Gezien de zeer zwakke kapitaalstructuur en grote schuldenlast die het bedrijf op dit moment heeft, zou dat waarschijnlijk betekenen dat de staat op korte termijn een bedrag met negen cijfers aan nieuw eigen vermogen in het bedrijf inbrengt. Investeren in een „ommekeer” van Combus brengt aanzienlijke risico’s met zich mee en er is geen garantie dat de staat zijn investering terugverdient.
Lithuanian: „1 galimybė: valstybei likti savininke, kad būtų galima atlikti nuodugnų bendrovės „Combus“ racionalizavimą ir taip užtikrinti, kad bendrovė po 1–2 metų dirbs pelningai, ir todėl ją bus lengviau parduoti. Dėl labai silpnos bendrovės kapitalo struktūros ir esamos didelės skolos, tam turbūt reikės, kad per trumpą laikotarpį valstybė padidintų akcinį kapitalą devynženkle suma. Labai rizikinga investuoti į „Combus“ apyvartumą ir visiškai nėra užtikrinta teigiama valstybės investavimo grąža.
English: The ‘Share Sale Agreement’ was signed on 15 January 2001; Combus was transferred to Arriva on 2 April 2001, after the initial Commission decision had been adopted, with retrospective effect from 1 January 2001. ‘Closing’ took place on 2 April 2001 between the Ministry of Transport and Arriva.
Polish: „Umowa sprzedaży udziałów” została podpisana w dniu 15 stycznia 2001 r.; spółka Combus została przekazana spółce Arriva w dniu 2 kwietnia 2001 r., po przyjęciu pierwszej decyzji Komisji, z mocą wsteczną od dnia 1 stycznia 2001 r.„Zamknięcie” nastąpiło w dniu 2 kwietnia 2001 r., między Ministerstwem Transportu a spółką Arriva.
Lithuanian: Akcijų pardavimo sutartis pasirašyta 2001 m. sausio 15 d.; o 2001 m. balandžio 2 d. bendrovė „Combus“ buvo perduota bendrovei „Arriva“ po to, kai buvo patvirtintas pradinis Komisijos sprendimas, taikomas atgaline data nuo 2001 m. sausio 1 d. Transporto ministerija ir „Arriva“ pardavimo procesą baigė 2001 m. balandžio 2 d.
English: The process of the negotiations between Arriva and Connex started in 2000. Arriva and Connex agreed on a ‘Memorandum of Understanding’ at European management level on 10 October 2000, which established the principles for cooperation between the parties in the run-up to the take-over of Combus.
Lithuanian: Bendrovių „Arriva“ ir „Connex“ derybų procesas prasidėjo 2000 m. „Arriva“ ir „Connex“2000 m. spalio 10 d. Europos valdymo lygiu susitarė dėl „Susitarimo memorandumo“, kuriame buvo nustatyti šalių bendradarbiavimo principai perimant bendrovę „Combus“.
English: The submission took place in two steps, on 8 and 23 January 2001. These submissions formed part of the on-going Case NN 127/00, which led eventually to the Commission’s initial decision.
Polish: Przekazanie planu odbyło się w dwóch etapach, w dniu 8 i 23 stycznia 2001 r. Przekazanie stanowiło część trwającej sprawy NN 127/00, która doprowadziła do wydania przez Komisję decyzji początkowej.
Slovenian: Predložitev je potekala v dveh fazah, 8. in 23. januarja 2001, in je bila del tekočega primera NN 127/00, ki je sčasoma privedel do prvotne odločbe Komisije.
Lithuanian: Planas buvo pateiktas dviem etapais – 2001 m. sausio 8 d ir 23 d. Šie plano pateikimo etapai buvo svarstomos bylos NN 127/00 dalis ir ilgainiui dėl to buvo priimtas Komisijos pradinis sprendimas.
English: Table 8 Forecasts for the turnover and the profits/losses for period 2000-2007
Lithuanian: 2000–2007 m. apyvartos ir pelno arba nuostolių prognozės
English: There is an apparent discrepancy between the numbers, which is explained by the fact that table 7 in the initial decision expresses the amounts in 2001 in net present value, whereas table 8 of the decision to initiate the procedure expresses the amounts in real terms. (137) The Danish government, in its observations, drew the Commission’s attention to the fact that DKK 100 million being shown twice in table 8 of the decision to initiate the procedure was misleading as Combus had only received this amount once [27].
Lithuanian: Danijos Vyriausybė, pateikdama savo pastabas, atkreipė Komisijos dėmesį į tai, kad sprendimo pradėti procedūrą 8 lentelėje 100 mln. DKK klaidingai parodyti du kartus, nes bendrovė „Combus“ šią sumą gavo tik vieną kartą [27].
English: The Danish government also points out in this context that it had already allowed a company, converted to a public limited company a short time before, to become bankrupt, namely Statens Konfektion, which was converted into a public limited company in 1992. Prior to the conversion, all the civil servants were offered employment on a group contract basis in return for financial compensation.
Lithuanian: Šiomis aplinkybėmis Danijos Vyriausybė taip pat nurodo, kad ji buvo leidusi bankrutuoti vienai bendrovei, kuri prieš pat bankrotą buvo pertvarkyta į valstybės akcinę bendrovę. būtent bendrovei „Statens Konfektion“ – ji į valstybės akcinę bendrovę buvo pertvarkyta 1992 m. Prieš pertvarkymą vietoj piniginės kompensacijos visiems valstybės tarnautojams buvo pasiūlytas darbas pagal grupinę sutartį.
English: The Court referred, in paragraph 178 of the judgement, to the decisions on the three capital injections being made over a relatively short period from October 1992 to July 1994. As regards the chronological relationship between the second and third capital injections, the Court commented that these were chronologically very close to each other.
Polish: Sąd, w pkt 178 wyroku, odniósł się do decyzji w sprawie trzech zastrzyków kapitałowych dokonanych w relatywnie krótkim czasie, między październikiem 1992 r. a lipcem 1994 r. Co się tyczy związku chronologicznego między drugim a trzecim zastrzykiem kapitałowym, Sąd zauważył, że chronologicznie były blisko siebie.
Lithuanian: Teismas sprendimo 178 punkte mini sprendimus dėl trijų kapitalo injekcijų, atliktų per palyginti trumpą laikotarpį nuo 1992 m. spalio mėn. iki 1994 m. liepos mėn. Kalbant apie chronologinį antrosios ir trečiosios kapitalo injekcijų ryšį, Teismas paaiškino, kad chronologiškai jos labai arti viena kitos.
English: ‘From the information in the bill, it must be understood that, after factoring in a provision of DKK 65 million in the company's annual accounts for 1998, the impression of Combus’ financial situation at the end of 1998 was reasonably accurate and thereby also a reasonable starting point for establishing the company’s need for capital. But the Ministry of Transport did not state that the financial information on the basis of which the provision of DKK 65 million was fixed was merely derived from budgets, estimates and planned savings according to the company’s board.
Lithuanian: „Iš įstatymo projekte pateiktos informacijos reikia suprasti, kad atsižvelgus į 65 mln. DKK suteikimą 1998 m. bendrovės metinėse ataskaitose, vaizdas apie bendrovės „Combus“ finansinę padėtį 1998 m. pabaigoje buvo palyginti tikslus, ir todėl pagrįstas išeities taškas bendrovės kapitalo poreikiui nustatyti. Tačiau Transporto ministerija nepasakė, kad, pasak bendrovės valdybos, informacija apie finansus, kuria remiantis buvo nustatyta suteikti 65 mln. DKK, buvo paimta iš biudžeto, sąmatų ir planuojamų santaupų.
English: The CFI found with respect to the chronology of the measures that the third capital injection was already foreseen by a restructuring plan, which had been adopted by the board of ENI the same day as the second capital injection, in December 1993. The actual decision to authorise the third capital injection had been taken less than a month later, in January 1994.
Polish: W odniesieniu do chronologii środków pomocowych SPI stwierdził, że trzeci zastrzyk kapitałowy został przewidziany już w planie restrukturyzacji, który został przyjęty przez zarząd ENI w tym samym dniu, w którym zrealizowano drugi zastrzyk kapitałowy, w grudniu 1993 r. Sama decyzja zezwalająca na trzeci zastrzyk kapitałowy została podjęta mniej niż miesiąc później, w styczniu 1994 r.
Lithuanian: 1993 m. gruodžio mėn. Sprendimas leisti trečiąją kapitalo injekciją buvo priimtas 1994 m. sausio mėn., praėjus ne daugiau kaip vienam mėnesiui.
English: In the present case, the Danish authorities have submitted to the Commission in April 2007 a total of four notes dated 26 April 1999, 15 May 1999, and twice 18 May 1999. Three of the notes have been written by Kromann and Münter, one by KPMG.
Polish: W przedmiotowej sprawie władze duńskie przedłożyły Komisji w kwietniu 2007 r. łącznie cztery notatki, datowane 26 kwietnia 1999 r., 15 maja 1999 r. oraz dwie datowane 18 maja 1999 r. Trzy z tych notatek zostały sporządzone przez firmę Kromann og Münter, jedna przez KPMG.
Lithuanian: Nagrinėjamu atveju Danijos valdžios institucijos 2007 m. balandžio mėn. pateikė Komisijai iš viso keturis dokumentus – 1999 m. balandžio 26 d., 1999 m. gegužės 15 d. ir du 1999 m. gegužės 18 d. Tris dokumentus parengė „Kromann ir Münter“, vieną – KPMG.
English: The Commission notes that the memo of KPMG merely restates the intentions of the board and the management of Combus, as they had been decided in November 1998 and April 1999. KPMG points out that they did not perform a budget examination, but worked on the assumptions made by Combus.
Polish: Komisja stwierdza, że notatka KPMG zaledwie przypomina zamiary zarządu i kierownictwa spółki Combus, powzięte w listopadzie 1998 r. i kwietniu 1999 r. Firma KPMG podkreśla, że nie przeprowadziła badania budżetu, ale pracowała na założeniach przedstawionych przez spółkę Combus.
Lithuanian: Komisija pažymi, kad KPMG memorandume tik kitaip formuluojami bendrovės „Combus“ valdybos ir vadovybės ketinimai, nutarti 1998 m. lapkričio mėn. ir 1999 m. balandžio mėn. Įmonė KPMG nurodo, kad ji neatliko biudžeto tyrimo, bet rėmėsi bendrovės „Combus“ daromomis prielaidomis.