FrancophonIA/JRC-Acquis_subcorpus_EL-FR_Hunalign_aligned-TMX huggingface dataset:
Greek: (67) As regards the pool betting sector, the Commission is not convinced that the proposed aid is necessary. The UK Government has not demonstrated that only the Tote if owned by Racing would be a reliable provider of — what the Government considers as — adequate pool betting services. Neither has it been shown that commercial bookmakers would limit their offerings of pool betting services and that a reduction of the scope of pool betting services could not be overcome by other — in particular regulatory — means. Furthermore, and even assuming that only the Tote if owned by Racing would guarantee the maintenance of adequate pool betting activities, the UK Government has not demonstrated that the envisaged aid would be necessary to compensate the Tote/Racing for this. The above considerations are certainly valid for the duration of the exclusive licence. In respect of the time after the transitional period of seven years, it has to be borne in mind that pool betting will be organised in a different way and not necessarily by the Tote (alone). Therefore, after the seven year transitional period and the expiry of the exclusive license, the aid granted to Racing cannot now be considered to have any incentive effect. Finally, the UK Government has not substantiated that the preservation of the Tote as an independent market player could only be achieved by means of selling the Tote to Racing below market value.
French: (67) As regards the pool betting sector, the Commission is not convinced that the proposed aid is necessary. The UK Government has not demonstrated that only the Tote if owned by Racing would be a reliable provider of — what the Government considers as — adequate pool betting services. Neither has it been shown that commercial bookmakers would limit their offerings of pool betting services and that a reduction of the scope of pool betting services could not be overcome by other — in particular regulatory — means. Furthermore, and even assuming that only the Tote if owned by Racing would guarantee the maintenance of adequate pool betting activities, the UK Government has not demonstrated that the envisaged aid would be necessary to compensate the Tote/Racing for this. The above considerations are certainly valid for the duration of the exclusive licence. In respect of the time after the transitional period of seven years, it has to be borne in mind that pool betting will be organised in a different way and not necessarily by the Tote (alone). Therefore, after the seven year transitional period and the expiry of the exclusive license, the aid granted to Racing cannot now be considered to have any incentive effect. Finally, the UK Government has not substantiated that the preservation of the Tote as an independent market player could only be achieved by means of selling the Tote to Racing below market value.
Greek: Is the proposed aid proportionate?
French: Is the proposed aid proportionate?
Greek: (68) Since the Tote will be sold to Racing, the direct beneficiary of the aid is Racing as the new owner of the Tote. However, the assessment of the proportionality of the aid is not limited to the markets on which the constituent parts of Racing are present (racing sector) but extends to the betting market on which the newly acquired Tote is present.
French: (68) Since the Tote will be sold to Racing, the direct beneficiary of the aid is Racing as the new owner of the Tote. However, the assessment of the proportionality of the aid is not limited to the markets on which the constituent parts of Racing are present (racing sector) but extends to the betting market on which the newly acquired Tote is present.
Greek: (69) There is no certainty that the profits generated by the Tote would be channelled in their entirety into the racing sector. Part of these profits might remain within the company. With increased commercial freedom, such retentions for reinvestment (in fixed odds betting activities competing with other bookmakers) may even increase. With the acquisition of the Tote below its market value, Racing as the new owner may distort competition on this highly competitive market for fixed odds betting. It also receives a competitive advantage as regards pool betting allowing it to be better prepared for the full market opening in pool betting services at the end of the exclusive licence. Under these circumstances, the Commission considers that aid benefiting the betting activities of the Tote cannot be regarded as compatible.
French: (69) There is no certainty that the profits generated by the Tote would be channelled in their entirety into the racing sector. Part of these profits might remain within the company. With increased commercial freedom, such retentions for reinvestment (in fixed odds betting activities competing with other bookmakers) may even increase. With the acquisition of the Tote below its market value, Racing as the new owner may distort competition on this highly competitive market for fixed odds betting. It also receives a competitive advantage as regards pool betting allowing it to be better prepared for the full market opening in pool betting services at the end of the exclusive licence. Under these circumstances, the Commission considers that aid benefiting the betting activities of the Tote cannot be regarded as compatible.
Greek: 2. Compatibility assessment under Article 87(3)(d) EC Treaty
French: 2. Compatibility assessment under Article 87(3)(d) EC Treaty
Greek: (70) It is recalled that the Treaty of Maastricht introduced an article which defines the role of the Community in the field of culture (Article 151) and a possible compatibility clause for State aid aimed at promoting culture (Article 87(3)(d)).
French: (70) It is recalled that the Treaty of Maastricht introduced an article which defines the role of the Community in the field of culture (Article 151) and a possible compatibility clause for State aid aimed at promoting culture (Article 87(3)(d)).
Greek: (71) In accordance with Article 151(4) of the Treaty, the Community is to take cultural aspects into account in its action under other provisions of the Treaty, in particular in order to respect and to promote the diversity of its cultures.
French: (71) In accordance with Article 151(4) of the Treaty, the Community is to take cultural aspects into account in its action under other provisions of the Treaty, in particular in order to respect and to promote the diversity of its cultures.
Greek: (72) Pursuant to Article 87(3)(d) EC Treaty, aid to promote culture and heritage conservation may be considered to be compatible with the common market, where such aid does not affect trading conditions and competition in the Community to an extent that is contrary to the common interest.
French: (72) Pursuant to Article 87(3)(d) EC Treaty, aid to promote culture and heritage conservation may be considered to be compatible with the common market, where such aid does not affect trading conditions and competition in the Community to an extent that is contrary to the common interest.
Greek: (73) It should be recalled that this exemption needs to be interpreted in a restrictive manner [23].
French: (73) It should be recalled that this exemption needs to be interpreted in a restrictive manner [23].
Greek: (74) The Commission has doubts that the proposed aid resulting from the closed sale of the Tote to Racing can be regarded as justified under Article 87(3)(d) EC Treaty as a measure promoting culture. This measure would not seem to be mainly targeted at a cultural product or project and the award of the proposed aid does not seem to be linked to the alleged cultural value of horseracing. Any funds generated by the measure which would be allocated to the horseracing industry would not primarily benefit activities which could be regarded as related to culture and/or heritage conservation.
French: (74) The Commission has doubts that the proposed aid resulting from the closed sale of the Tote to Racing can be regarded as justified under Article 87(3)(d) EC Treaty as a measure promoting culture. This measure would not seem to be mainly targeted at a cultural product or project and the award of the proposed aid does not seem to be linked to the alleged cultural value of horseracing. Any funds generated by the measure which would be allocated to the horseracing industry would not primarily benefit activities which could be regarded as related to culture and/or heritage conservation.
Greek: VI. CONCLUSIONS
French: VI. CONCLUSIONS
Greek: In the light of the foregoing considerations, the Commission has doubts about the compatibility of the proposed closed sale of the Tote to Racing. Based on the information submitted by the UK authorities and other interested parties in the course of the preliminary investigation, the Commission has come to the preliminary conclusion that the proposed transaction contains aid. Furthermore, the Commission has doubts that the proposed aid can be declared compatible under Article 87(3)(c) or (d) of the EC Treaty.
French: In the light of the foregoing considerations, the Commission has doubts about the compatibility of the proposed closed sale of the Tote to Racing. Based on the information submitted by the UK authorities and other interested parties in the course of the preliminary investigation, the Commission has come to the preliminary conclusion that the proposed transaction contains aid. Furthermore, the Commission has doubts that the proposed aid can be declared compatible under Article 87(3)(c) or (d) of the EC Treaty.
Greek: Consequently, the Commission, acting under the procedure laid down in Article 88(2) of the EC Treaty, requests that the United Kingdom submit its comments and to provide all such information as may help to assess the measure, within one month of the date of receipt of this letter. It also requests that the UK authorities forward a copy of this letter to the potential recipient(s) of the aid immediately.
French: Consequently, the Commission, acting under the procedure laid down in Article 88(2) of the EC Treaty, requests that the United Kingdom submit its comments and to provide all such information as may help to assess the measure, within one month of the date of receipt of this letter. It also requests that the UK authorities forward a copy of this letter to the potential recipient(s) of the aid immediately.
Greek: The Commission wishes to remind the United Kingdom that Article 88(3) of the EC Treaty has suspensory effect. It would also like to draw the United Kingdom's attention to Article 14 of Council Regulation (EC) No 659/1999, which provides that, where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all the necessary measures to recover the aid from the beneficiary, unless this would be contrary to a general principle of Community law.
French: The Commission wishes to remind the United Kingdom that Article 88(3) of the EC Treaty has suspensory effect. It would also like to draw the United Kingdom's attention to Article 14 of Council Regulation (EC) No 659/1999, which provides that, where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all the necessary measures to recover the aid from the beneficiary, unless this would be contrary to a general principle of Community law.
Greek: The Commission wishes to remind the United Kingdom that it will inform interested parties by publishing this letter and a meaningful summary of it in the Official Journal of the European Union. It will also inform interested parties in the EFTA countries which are signatories to the EEA Agreement, by publication of a notice in the EEA Supplement to the Official Journal of the European Union and will inform the EFTA Surveillance Authority by sending a copy of this letter. All such interested parties will be invited to submit their comments within one month of the date of such publication."
French: The Commission wishes to remind the United Kingdom that it will inform interested parties by publishing this letter and a meaningful summary of it in the Official Journal of the European Union. It will also inform interested parties in the EFTA countries which are signatories to the EEA Agreement, by publication of a notice in the EEA Supplement to the Official Journal of the European Union and will inform the EFTA Surveillance Authority by sending a copy of this letter. All such interested parties will be invited to submit their comments within one month of the date of such publication."
Greek: [1] The proposed exclusive licence would be different from the present statutory monopoly in so far as the licence contains certain obligations imposed on the licence holder which do not exist at present (e.g. regarding the scope of pool betting activities and relationship to other operators).
French: [1] The proposed exclusive licence would be different from the present statutory monopoly in so far as the licence contains certain obligations imposed on the licence holder which do not exist at present (e.g. regarding the scope of pool betting activities and relationship to other operators).
Greek: [2] PwC performed a discounted cash flow valuation for the first "indicative valuation of the Tote". In a final evaluation, the results would be crosschecked against other valuation techniques.
French: [2] PwC performed a discounted cash flow valuation for the first "indicative valuation of the Tote". In a final evaluation, the results would be crosschecked against other valuation techniques.
Greek: [3] Covered by the obligation of professional secrecy.
French: [3] Covered by the obligation of professional secrecy.
Greek: [4] Bookmakers have to pay a percentage of their profits to the Horseracing Levy Board to finance the racing industry. The Tote's payment in respect of fixed odds betting are similar to other bookmakers whereas the payments for its pool betting operations are settled between the Tote and the Horseracing Levy Board.
French: [4] Bookmakers have to pay a percentage of their profits to the Horseracing Levy Board to finance the racing industry. The Tote's payment in respect of fixed odds betting are similar to other bookmakers whereas the payments for its pool betting operations are settled between the Tote and the Horseracing Levy Board.
Greek: [5] Source: Tote Annual report 2004.
French: [5] Source: Tote Annual report 2004.
Greek: [6] Op. cit.
French: [6] Op. cit.
Greek: [7] Source: "Horserace Betting and Olympic Lottery Bill — Regulatory Impact Assessment", prepared by the Department for Culture, Media and Sport, December 2003, p. 6. These figures are based on 1997 data and the Tote's market share as of today is higher (around 5 %).
French: [7] Source: "Horserace Betting and Olympic Lottery Bill — Regulatory Impact Assessment", prepared by the Department for Culture, Media and Sport, December 2003, p. 6. These figures are based on 1997 data and the Tote's market share as of today is higher (around 5 %).
Greek: [8] Source: Op. cit., p. 5.
French: [8] Source: Op. cit., p. 5.
Greek: [9] Source: Op. cit., p. 6.
French: [9] Source: Op. cit., p. 6.
Greek: [10] However, these plans have been postponed at least until 2009, apparently because of difficulties in finding viable solutions for replacing the levy income with commercial revenues.
French: [10] However, these plans have been postponed at least until 2009, apparently because of difficulties in finding viable solutions for replacing the levy income with commercial revenues.
Greek: [11] As explained above (cf. para. 8), the UK Government maintained that the Tote was, ever since its establishment, run in the interests of Racing.
French: [11] As explained above (cf. para. 8), the UK Government maintained that the Tote was, ever since its establishment, run in the interests of Racing.
Greek: [12] The circumstances in which the clawback clause could be triggered would still need to be negotiated with Racing.
French: [12] The circumstances in which the clawback clause could be triggered would still need to be negotiated with Racing.
Greek: [13] OJ 2004, L 134/114.
French: [13] OJ 2004, L 134/114.
Greek: [14] OJ 2000, C 121/2.
French: [14] OJ 2000, C 121/2.
Greek: [15] XXIII report on competition policy (1993), point 402 and further.
French: [15] XXIII report on competition policy (1993), point 402 and further.
Greek: [16] In the introduction to the interim report, PwC states that they were asked to "…calculate an updated indicative valuation range of 100 % of the equity of the Tote, which reflects the value of the Tote to Racing."
French: [16] In the introduction to the interim report, PwC states that they were asked to "…calculate an updated indicative valuation range of 100 % of the equity of the Tote, which reflects the value of the Tote to Racing."
Greek: [17] According to that clause, the Government would get a certain percentage of the profits generated by any future sale of the Tote or a significant proportion of its assets.
French: [17] According to that clause, the Government would get a certain percentage of the profits generated by any future sale of the Tote or a significant proportion of its assets.
Greek: [18] For similar reasoning, cf. Commission's decision of 20 January 1999 on the acquisition of land under the German Indemnification and Compensation Act, OJ L 107/21, 24.4.1999.
French: [18] For similar reasoning, cf. Commission's decision of 20 January 1999 on the acquisition of land under the German Indemnification and Compensation Act, OJ L 107/21, 24.4.1999.
Greek: [19] Cf. Commission's decision of 20 January 1999 on the acquisition of land under the German Indemnification and Compensation Act, OJ L 107/21, 24.4.1999.
French: [19] Cf. Commission's decision of 20 January 1999 on the acquisition of land under the German Indemnification and Compensation Act, OJ L 107/21, 24.4.1999.
Greek: [20] Cf. Commission's decision of 13 March 2000 regarding the settlement agreement Leuna 2000/Elf/Mider (State aid N 94/98 — Germany).
French: [20] Cf. Commission's decision of 13 March 2000 regarding the settlement agreement Leuna 2000/Elf/Mider (State aid N 94/98 — Germany).
Greek: [21] In the Commission decision regarding PMU, the Commission considered the betting market to be a European market. The decision points out that "While horse-races are organised and run on national racecourses, betting on such races is organised internationally". The Commission also stated that there was "…some competition in the Community market in [the betting] sector, and it can reasonably be stated that there is trade between Member States in the taking of bets, notably through the exchange of television pictures". See Commission Decision of 22 September 1993 concerning aid granted by the French Government to the Pari mutuel urbain (PMU) and to the racecourse undertakings, published in the OJ L 300, 7.12.1993, pp. 15.
French: [21] In the Commission decision regarding PMU, the Commission considered the betting market to be a European market. The decision points out that "While horse-races are organised and run on national racecourses, betting on such races is organised internationally". The Commission also stated that there was "…some competition in the Community market in [the betting] sector, and it can reasonably be stated that there is trade between Member States in the taking of bets, notably through the exchange of television pictures". See Commission Decision of 22 September 1993 concerning aid granted by the French Government to the Pari mutuel urbain (PMU) and to the racecourse undertakings, published in the OJ L 300, 7.12.1993, pp. 15.
Greek: [22] See e.g. the Commission's decision regarding the Irish "Thoroughbred Foal Levy" (State aid NN 118/02), where the Commission declared an aid scheme pursuing the objective of providing technical assistance to breeders, breeding stock and their foals, market development and promotion of sales of bloodstock as being compatible with the EC Treaty.
French: [22] See e.g. the Commission's decision regarding the Irish "Thoroughbred Foal Levy" (State aid NN 118/02), where the Commission declared an aid scheme pursuing the objective of providing technical assistance to breeders, breeding stock and their foals, market development and promotion of sales of bloodstock as being compatible with the EC Treaty.
Greek: [23] See for example in para. 26 of the Commission's communication on State aid in the field of public service broadcasting, where it is stated: "It should be recalled that the provisions granting exemption from the prohibition of State aid have to be applied strictly. Therefore, the notion of "culture" within the meaning of Article 87(3)(d) must be interpreted restrictively."
French: [23] See for example in para. 26 of the Commission's communication on State aid in the field of public service broadcasting, where it is stated: "It should be recalled that the provisions granting exemption from the prohibition of State aid have to be applied strictly. Therefore, the notion of "culture" within the meaning of Article 87(3)(d) must be interpreted restrictively."
Greek: (2005/C 170/02)
French: (2005/C 170/02)
Greek: Αριθ. ενίσχυσης | XS 1/04 |
French: Numéro de l'aide | XS 1/04 |
Greek: Κράτος μέλος | Ομοσπονδιακή Δημοκρατία της Γερμανίας |
French: État membre | Allemagne |
Greek: Περιφέρεια | Σαξονία — Άνχαλτ |
French: Région | Saxe-Anhalt |
Greek: Τίτλος του καθεστώτος ενισχύσεων ή επωνυμία της εταιρείας που λαμβάνει μεμονωμένη ενίσχυση | Κατευθυντήρια γραμμή του ομόσπονδου κράτους της Σαξονίας-Άνχαλτ σχετικά με την παροχή επιχορηγήσεων σε ΜΜΕ για τη συμμετοχή τους σε εκθέσεις και παρόμοιες εκδηλώσεις |
French: Intitulé du régime d'aides ou nom de l'entreprise bénéficiaire de l'aide individuelle | Lignes directrices du Land de Saxe-Anhalt concernant l'octroi de subventions à des petites et moyennes entreprises pour la participation à des foires et expositions |
Greek: Νομική βάση | Mittelstandsförderungsgesetz des Landes Sachsen-Anhalt, vom 27. Juni 2001 (GVBl. LSA Nr. 27/2001)Richtlinie des Landes Sachsen-Anhalt über die Gewährung von Zuwendungen an kleine und mittelständische Unternehmen zur Beteiligung an Messen und Ausstellungen (MBl. LSA 52/2003, S. 856)Verwaltungsvorschriften zu § 44 der Landeshaushaltsordnung (VV-LHO, RdErl. des Ministeriums der Finanzen LSA vom 1.2.2001, MBl. LSA S. 239, geändert durch RdErl. des MF vom 4.9.2003, MBl. LSA, S. 657) |
French: Base juridique | Mittelstandsförderungsgesetz des Landes Sachsen-Anhalt, vom 27. Juni 2001 (GVBl. LSA Nr. 27/2001)Richtlinie des Landes Sachsen-Anhalt über die Gewährung von Zuwendungen an kleine und mittelständische Unternehmen zur Beteiligung an Messen und Ausstellungen (MBl. LSA 52/2003, S. 856)Verwaltungsvorschriften zu § 44 der Landeshaushaltsordnung (VV-LHO, RdErl. des Ministeriums der Finanzen LSA vom 01.02.2001, MBl. LSA S. 239, geändert durch RdErl. des MF vom 4.9.2003, MBl. LSA, S. 657) |
Greek: Σχεδιαζόμενη ετήσια δαπάνη βάσει του καθεστώτος ή συνολικό ποσό της μεμονωμένης ενίσχυσης που χορηγείται στην εταιρεία | Καθεστώς ενίσχυσης | Ετήσιο συνολικό ποσό | 1,4 εκατ. ευρώεκ των οποίων 0,35 εκατ. ευρώ από πόρους του ομόσπονδου κράτους |
French: Dépenses annuelles prévues dans le cadre du régime d'aides ou montant total de l'aide individuelle octroyée à l'entreprise bénéficiaire | Régime d'aides | Montant annuel total | 1,4 million d'eurosdont 350000 euros provenant du Land |
Greek: Εγγυημένα δάνεια |
French: Prêts garantis |
Greek: Μεμονωμένη ενίσχυση | Συνολικό ποσό ενίσχυσης |
French: Aide individuelle | Montant total de l'aide |
Greek: Ημερομηνία εφαρμογής | Από 1.1.2004 |
French: Date de mise en œuvre | 1.1.2004 |
Greek: Διάρκεια του καθεστώτος ή της μεμονωμένης ενίσχυσης | Έως τις 31.12.2002 |
French: Durée du régime d'aides ou de l'aide individuelle | Jusqu'au 31.12.2004 |
Greek: Στόχος της ενίσχυσης | Ενίσχυση ΜΜΕ | Ναι | |
French: Objectif de l'aide | Aide aux PME | Oui | |
Greek: Οικείος οικονομικός τομέας | Όλοι οι τομείς που είναι επιλέξιμοι για ενισχύσεις προς ΜΜΕ | Ναι |
French: Secteur(s) économique(s) concerné(s) | Tous les secteurs pouvant bénéficier d'aides aux PME | Oui |
Greek: λλος μεταποιητικός τομέας | |
French: Autres secteurs manufacturiers | |