natgillin/translations-raw huggingface dataset:
Der skal foretages en tilpasning til reguleringsrammerne og gennemføres lovgivning om elektroniske kommunikationsnet og -tjenester med sigte på at skabe et mere åbent og konkurrencepræget miljø, og teletilsynsmyndighedens stilling og operationelle og finansielle uafhængighed skal styrkes.
Align with the regulatory framework and implement the legislation on electronic communication networks and services to create a more open and competitive environment and strengthen the position and operational and financial independence of the telecommunications regulator.
Der skal med koordinering fra finansministeriet udvikles og implementeres principper om decentraliseret ledelsesansvarlighed og funktionelt uafhængig intern revision i overensstemmelse med internationale standarder og EU's bedste praksis på basis af en sammenhængende lovgivning og en tilstrækkelig administrativ kapacitet.
Under the coordination of the Ministry of Finance, develop and implement the principles of decentralised managerial accountability and functionally independent internal audit in accordance with international standards and EU best practice through coherent legislation and adequate administrative capacity.
Den øverste revisionsinstitutions operationelle kapacitet og funktionelle og finansielle uafhængighed skal styrkes.
Strengthen the operational capacity as well as the financial and operational independence of the Supreme Audit Institution.
Sidstnævntes henstillinger skal følges op og efterkommes.
Follow up and implement the recommendations of the latter.
Samarbejdet og koordinationen inden for Kosovos statistiske system skal øges, der skal udvikles et kvalitetsstyringssystem og -dokumentation, og produktions- og offentliggørelsesprocedurerne skal standardiseres.
Increase cooperation and coordination within the Kosovo statistical system, develop a quality management system and document, and standardise production and dissemination procedures.
Kapaciteten i indenrigsministeriets direktorat for grænser, asyl og migration skal styrkes yderligere.
Further enhance the capacity of the directorate for borders, asylum and migration within the Ministry of Interior.
Den operationelle kapacitet i grænsepolititjenesten i Kosovos polititjeneste skal styrkes yderligere.
Further strengthen the operational capacity of the border and boundary police service within the Kosovo Police Service.
Strategien for bekæmpelse af organiseret kriminalitet og terrorisme skal omsættes i praksis og ajourføres.
Implement and update the strategy against organised crime and terrorism.
Den lokale kapacitet til at efterforske organiseret kriminalitet skal styrkes.
Strengthen local capacities to investigate organised criminal activities.
Retsvæsenets kapacitet til at forfølge og behandle sager om organiseret og økonomisk kriminalitet skal styrkes.
Strengthen judicial capacities to prosecute and try organised and financial crime cases.
Der skal sikres et samarbejde mellem de relevante instanser og internationalt med henblik på at nå mærkbart bedre resultater med bekæmpelse af ulovlig narkotikahandel.
Ensure inter-agency and international cooperation, to considerably improve results in the fight against drug trafficking.
Loven om beskyttelse af personoplysninger skal gennemføres i overensstemmelse med EU-retten, og der skal sikres en effektiv overvågning og håndhævelse.
Implement the law on personal data protection in line with the acquis and ensure efficient monitoring and enforcement.
om statsstøtte C 27/04 ydet af Den Tjekkiske Republik til GE Capital Bank a.s. og GE Capital International Holdings Corporation, USA
on State aid C 27/2004 which the Czech Republic has implemented for GE Capital Bank a.s. and GE Capital International Holdings Corporation, USA
(meddelt under nummer K(2007) 1965)
(notified under document number C(2007) 1965)
efter at have opfordret interesserede parter til at fremsætte deres bemærkninger i overensstemmelse med disse artikler og under hensyntagen til deres bemærkninger, og
Having called on interested parties to submit their comments pursuant to the provisions cited above, and in view of these comments,
Den 18. december 2003 modtog Kommissionen anmeldelse af foranstaltninger til fordel for Agrobanka Praha a.s.
On 18 December 2003, the Commission received a notification concerning measures for the benefit of Agrobanka, Praha a.s.
(AGB) og GE Capital Bank a.s.
(AGB) and GE Capital Bank, a.s.
(GECB) som led i proceduren for støtteforanstaltninger (i det følgende benævnt »overgangsordningen«) i bilag IV, kapitel 3, til akten vedrørende vilkårene for Den Tjekkiske Republiks, Republikken Estlands, Republikken Cyperns, Republikken Letlands, Republikken Litauens, Republikken Ungarns, Republikken Maltas, Republikken Polens, Republikken Sloveniens og Den Slovakiske Republiks tiltrædelse og tilpasningerne af de traktater, der danner grundlag for Den Europæiske Union [2], undertegnet den 16. april 2003 (i det følgende benævnt »tiltrædelsesakten«).
(GECB), under the procedure regarding aid measures (interim mechanism) provided for in Annex IV.3 of the Act concerning the conditions of accession of the Czech Republic, the Republic of Estonia, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic of Malta, the Republic of Poland, the Republic of Slovenia, the Slovak Republic and the Adjustments to the Treaties on which the European Union is founded [2], signed on 16 April 2003 (Act of Accession).
Ved brev til Kommissionen registreret den 30. april 2004 trak Den Tjekkiske Republik anmeldelsen tilbage. Samme dag indgav Den Tjekkiske Republik en ny anmeldelse om samme sag.
By letter received by the Commission on 30 April 2004, the Czech Republic withdrew the notification; on the same day the Czech Republic submitted a new notification concerning the same subject.
Ved beslutning af 14. juli 2004 erklærede Kommissionen, at de fleste anmeldte foranstaltninger ikke var gældende efter tiltrædelsen, men indledte proceduren i artikel 88, stk. 2, i EF-traktaten vedrørende andre foranstaltninger, da disse blev anset for at være gældende efter tiltrædelsen og rejste alvorlig tvivl med hensyn til deres forenelighed med fællesmarkedet.
By Decision dated 14 July 2004, the Commission declared that most of the notified measures were not applicable after accession but opened proceedings under Article 88(2) EC on other measures, given that the latter were considered being applicable after accession and raised serious doubts as to their compatibility with the common market.
Kommissionen opfordrede interesserede parter til at fremsætte bemærkninger.
The Commission invited interested parties to submit their comments.
Den 30. juli 2004, den 16. august 2004, den 22. september 2005 og den 18. maj 2006 fremsatte Den Tjekkiske Republik sine bemærkninger til beslutningen om at indlede proceduren, og den 17. december 2004 fremsatte GECB sine bemærkninger.
On 30 July 2004, 16 August 2004, 22 September 2005 and 18 May 2006 the Czech Republic submitted its observations on the opening decision and on 17 December 2004 GECB submitted its comments.
Den 19. september og den 11. november 2005 fremsatte GECB supplerende bemærkninger.
On 19 September and 11 November 2005 GECB submitted supplementary comments.
Ved brev af 2. maj 2006 bekræftede Kommissionen over for GECB, at fristen for fremsættelse af bemærkninger var blevet forlænget indtil udgangen af november 2005 i overensstemmelse med artikel 6, stk. 1, sidste punktum, i Rådets forordning (EF) nr. 659/1999 af 22. marts 1999 om fastlæggelse af regler for anvendelsen af EF-traktatens artikel 93 [4] (i det følgende benævnt »procedureforordningen«).
By letter of 2 May 2006 the Commission confirmed to GECB that the period during which it could submit comments had been extended until end November 2005 in accordance with Article 6(1) last sentence of Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 93 of the EC Treaty [4] (Procedural Regulation).
Ved brev af 10. maj 2006, som blev registreret den 18. maj 2006, meddelte Den Tjekkiske Republik Kommissionen, at den havde modtaget GECB's indlæg.
By letter of 10 May 2006, registered on 18 May 2006, the Czech Republic informed the Commission that it had received the submissions made by GECB.
Den 24. juni, den 29. september og den 25. oktober 2005 og tillige den 11. januar og den 7. marts 2006 fandt der møder sted med repræsentanter for Den Tjekkiske Republik og for GECB.
On 24 June, 29 September and 25 October 2005 as well as on 11 January and 7 March 2006 meetings with representatives of the Czech Republic and GECB took place.
Den 13. marts 2007 fremlagde Den Tjekkiske Republik yderligere oplysninger, som blev registreret den 14. marts 2007.
On 13 March 2007, registered on 14 March 2007, the Czech Republic submitted further information.
Den 15. marts 2007 bekræftede Kommissionen over for Den Tjekkiske Republik i overensstemmelse med procedureforordningens artikel 6, stk. 1, sidste punktum, at fristen for fremsættelse af bemærkninger var blevet forlænget til den 14. marts 2007.
On 15 March 2007 the Commission confirmed to the Czech Republic in accordance with Article 6(1) last sentence of the Procedural Regulation that the period during which it could submit comments had been extended until 14 March 2007.
BESKRIVELSE AF FORANSTALTNINGEN
BACKGROUND FACTS
Støttemodtagere
Beneficiaries of the aid
AGB, som blev stiftet i 1990, blev drevet som en almindelig forretningsbank i Den Tjekkiske Republik.
AGB, which was founded in 1990, used to operate as a universal commercial bank in the Czech Republic.
I 1995 var den landets femtestørste bank og den største privatejede bank.
By 1995, it was the country’s fifth largest bank and the largest privately owned bank.
Efter finansielle problemer blev AGB's tilladelse til at drive bankvirksomhed inddraget i september 1998, og banken er i øjeblikket under likvidation.
After financial difficulties however, AGB’s banking license was withdrawn in September 1998 and it is currently in liquidation.
AGB's grundlæggende aktionærer var Československá obchodní banka a.s.
The founding shareholders of AGB were Československá obchodní banka, a.s.
(ČSOB), det tjekkiske landbrugsministerium, Agropol a.s., Agrodat, státní podnik, og Stavoinvest Banská Bystrica.
(CSOB), the Ministry of Agriculture of the Czech Republic, Agropol, a.s., Agrodat, státní podnik and Stavoinvest Banská Bystrica.
I 1995 erhvervede den private koncern Motoinvest Group kontrol over AGB.
In 1995, the private Motoinvest Group acquired control in AGB.
Efter at banken var taget under administration den 17. september 1996, blev der i AGB oprettet to adskilte organisatoriske enheder, AGB1 og AGB2.
After the imposition of forced administration on 17 September 1996, two separate organisational units, AGB1 and AGB2, were created within AGB.
overtog AGB's centrale bankaktiviteter.
entailed AGB’s core banking activities.
I juni 1998 blev AGB1 solgt til GECB, som overtog dets aktiver.
In June 1998, AGB1 was sold to GECB in an asset deal.
De resterende dele af AGB er stadig under afvikling.
The remaining parts of AGB are still in the liquidation process.
GECB blev stiftet i 1998 med henblik på erhvervelse af AGB1.
GECB was founded in 1998 for the purpose of acquiring AGB1.
Banken drives nu som en universalbank i Den Tjekkiske Republik.
It is now operating as a universal bank in the Czech Republic.
AGB's finansielle situation
AGB’s financial situation
AGB's problemer startede allerede i 1993-1994.
AGB’s difficulties already started in 1993-1994.
I midten af 1990'erne gennemgik hele den tjekkiske banksektor en alvorlig økonomisk krise, som også ramte AGB.
During the mid nineties the whole Czech banking sector underwent a serious economic crisis which also affected AGB.
Herudover bevirkede AGB's hurtige vækst sammen med dårlig risikostyring og mangel på intern kontrol en gradvis forringelse af AGB's låneportefølje.
In addition to this, AGB’s rapid expansion, combined with deficiencies in risk management and the lack of internal controls led to a gradual deterioration of AGB’s loan portfolio.
I 1993 havde AGB et tab på 2000 mio. CZK og en negativ egenkapital (– 515 mio. CZK).
In 1993, AGB had a loss of CZK 2000 million and the equity was negative (CZK – 515 million).
I 1993 beordrede den tjekkiske centralbank (ČNB) AGB til at udarbejde og gennemføre et konsolideringsprogram for at genskabe kapitalgrundlaget.
In 1993, the Czech National Bank (CNB) ordered that AGB should prepare and implement a consolidation programme in order to restore its capital adequacy.
Den Tjekkiske Republik forklarede, at konsolideringsprogrammet ikke var forbundet med foranstaltninger fra statens side.
The Czech Republic explained that the consolidation programme did not entail measures provided or granted by the State.
Det drejede sig snarere om at føre et nærmere tilsyn med AGB.
It rather would have imposed a closer supervision of AGB.
I 1996 ophørte AGB med at overholde kravene i konsolideringsprogrammet og gav sig i kast med højrisikotransaktioner og endte med likviditetsproblemer og en forringelse af aktiverne.
In 1996, AGB ceased to comply with the terms of the consolidation programme and engaged in high risk operations and faced liquidity problems and the deterioration of its assets.
Likviditetskrisen og aktionærernes modvilje mod at træffe hensigtsmæssige forholdsregler førte til, at AGB den 17. september 1996 blev sat under administration.
The liquidity crisis and the shareholders’ unwillingness to take appropriate remedial actions led to the imposition of a forced administration on AGB on 17 September 1996.
Hvad angår AGB's finansielle situation afslørede den revision, der blev foretaget efter, at banken var sat under administration (regnskab pr. 16. september 1996), et tab på 8487 mio. CZK og en egenkapitalbalance på –5476 mio. CZK.
Concerning AGB’s financial situation, the audit carried out after the imposition of the forced administration (balance sheet date 16 September 1996) revealed a loss of CZK –8487 million and an equity balance of CZK –5476 million.
Den ordinære årlige revision af regnskabet pr. 31. december 1996 ville have vist et tab på 10097 mio. CZK og en egenkapitalbalance på –6328 mio. CZK.
The regular annual audit with the balance sheet date 31 December 1996 would have recorded a loss of CZK –10097 million and an equity balance of CZK –6328 million.
For at undgå negative følger for hele den tjekkiske banksektor iværksatte Den Tjekkiske Republik foranstaltninger for at redde og omstrukturere AGB.
In order to avoid negative consequences for the whole Czech banking sector, the Czech Republic started to implement measures with the aim of ensuring the rescue and restructuring of AGB.
Da ovennævnte revision af AGB, som blev foretaget, efter at banken var taget under administration, viste større tab end bankens kapital, skønnede man, at AGB's langsigtede rentabilitet bedst ville kunne sikres ved at oprette en særskilt organisatorisk enhed, AGB1, til at videreføre AGB's centrale bankaktiviteter.
However, since the above mentioned audits of AGB that were carried out after the imposition of forced administration revealed losses in excess of the bank’s capital it was considered the best way to ensure AGB’s long term viability by creating a separate organisational unit, AGB1, for AGB’s core banking activities.
bestod hovedsagelig af tvivlsomme lån, lån til udvalgte datterselskaber af AGB eller andre tilknyttede enheder, udvalgte porteføljeaktiver, alle faste aktiver og noget løsøre.
consisted mainly of classified loans, loans extended to AGB’s selected subsidiaries or other affiliated entities, a selected asset portfolio, all of the immovable assets and some of the movable assets.
blev derefter solgt til en strategisk investor ved et åbent, betingelsesløst og gennemsigtigt udbud.
was then to be sold to a strategic investor via an open, unconditional and transparent tender procedure.
Udbuddet
The tender
Administratoren lancerede i april 1997 et offentligt udbud med henblik på salg af AGB1.
The Forced Administrator announced a public tender for the sale of AGB1 in April 1997.
Under den efterfølgende udbudsprocedure var GE Capital Corporation i sidste ende den eneste part, som var interesseret i at købe AGB1.
In the subsequent tender procedure, GE Capital Corporation remained as the sole party interested in the purchase of AGB1.
blev da solgt til GECB den 22. juni 1998 for omkring 304 mio. CZK med forbehold af garantier og godtgørelser samt en salgsret (putoption).
was then sold to GECB on 22 June 1998 for about CZK 304 million, subject to the guarantees and warranties and a put option.
»Garantier og godtgørelser« beskrives nærmere i betragtning 19 til 26 og »salgsretten« i betragtning 27 til 32.
The guarantees and warranties are described in more detail in recitals 19 to 26 and the put option in recitals 27 to 32.
En foranstaltning, som ikke kræver nogen yderligere behandling, er den indskudsgaranti, som ČNB ydede alle AGB's kreditorer, da AGB første gang kom i vanskeligheder i september 1996.
One measure that need not be considered further is the Depositors’ Guarantee granted by CNB in favour of all of AGB’s creditors when AGB first encountered difficulties in September 1996.
Indskudsgarantien dækkede alle AGB's passiver, herunder skyldige renter, opført i AGB's regnskaber pr. 17. september 1996.
The Depositors’ Guarantee covered all of AGB’s liabilities, including interest payable, registered in AGB’s accounts as at 17 September 1996.
Alle passiver med en fast løbetid var garanteret indtil forfaldstidspunktet.
Any liabilities maturing within a fixed term were secured until maturity.
Passiver uden fast løbetid var garanteret for en periode på 12 måneder efter datoen for afviklingen af AGB's tvangsadministration.
Liabilities having no fixed maturity term were secured for a period of 12 months following the completion of the forced administration of AGB.
Passiver indgået af AGB efter den 17. september 1996 var sikret indtil deres respektive forfaldsdatoer eller indtil højst 12 måneder efter datoen for afviklingen af AGB's tvangsadministration, alt efter hvilket tidspunkt der først indtraf.
Liabilities incurred by AGB after 17 September 1996 were secured until their respective maturity date or maximum of 12 months following the completion of the forced administration of AGB whichever was the earlier.
Garantien omfattede ikke noget loft for de sikrede passiver for AGB's kreditorer.
The guarantee did not set any upper limit for the secured liabilities to AGB’s creditors.
Fra og med den 31. december 2003 var der imidlertid kun et enkelt indskud på 867882 CZK, der eventuelt ville kunne være omfattet af indskudsgarantien [5].
As of 31 December 2003 however, there was only one deposit of CZK 867882 remaining that could potentially fall under the Depositors’ Guarantee [5].
I forbindelse med salget påtog GECB's moderselskab, GECIH, sig ČNB's forpligtelser under indskudsgarantien gennem en modgaranti, der udløb den 22. juni 2000.
In the context of the sale, GECB’s parent company GECIH assumed the CNB’s obligations under the Depositor’s Guarantee through a counter guarantee, which expired on 22 June 2000.
Allerede fra starten af ville modgarantien være udløbet, hvis GECIH udøvede sin salgsret for aktierne i GECB.
From the beginning, the counter guarantee would have terminated in the event that GECIH exercised its put option right for the shares in GECB.
Efter AGB1's salg til GECB gik resten af AGB, herunder AGB2, i likvidation.
After the sale of AGB1 to GECB, the rest of AGB including AGB2 went into liquidation.
Under likvidationsbehandlingen er ČNB AGB's eneste kreditor.
In the ongoing liquidation process CNB is the sole creditor of AGB.
GECB's finansielle situation
Financial situation of GECB
Resultatet af AGB's bankforretninger er væsentlig forbedret efter GECB's overtagelse.
The results of AGB’s banking business have substantially improved since GECB took it over.
Nettoindtjening
Net income
(i mio. CZK)
(in CZK million)
Kapitalgrundlag
Capital adequacy ratio
(klasse 2)
(Tier 2)
Negativ [6]
Negative [6]
Omstrukturering iværksat af AGB, GECB og GECIH
Restructuring efforts made by AGB, GECB and GECIH
Den Tjekkiske Republik og GECB fremfører, at AGB, GECB og GECIH traf foranstaltninger for at begrænse statens indgriben i omstruktureringen af AGB.
The Czech Republic and GECB submit that AGB, GECB and GECIH adopted measures to mitigate the State involvement in the restructuring of AGB.
AGB's modydelser bestod i at gøre AGB's egne aktiver likvide og navnlig i afståelsen af visse AGB-datterselskaber til Raiffeisen Bank.
AGB’s compensatory steps consisted of making AGB’s own assets liquid and in particular the sale of certain AGB subsidiaries to Raiffeisen Bank.
Dette nedbragte AGB's markedsandel målt i AGB's andel af samtlige bankaktiver eller visse klasser af aktiver.
This diminished AGB’s market share as measured by AGB’s share of total banking assets or certain asset classes.
Herudover reducerede AGB antallet af ansatte fra ca. 3500 i 1996 til ca. 2500 i 1998.
Apart from that, AGB reduced its numbers of employees from about 3500 in 1996 to about 2500 employees in 1998.
Det blev fremført, at GECB og GECIH havde bidraget til omstruktureringen ved at betale købsprisen, ved købergarantier nedfældet i det garantidokument, der henvises til i betragtning 20 og ved modgarantier i den deri nævnte godtgørelsesoverenskomst, hvorved GECIH overtog ČNB's ansvar ( i det følgende benævnt »indskudsgaranti«) over for AGB's kreditorer.
It was argued that GECB and GECIH had contributed to the restructuring by paying the purchase price, by the purchaser warranties in the Deed of Warranties referred to in recital 20 and by the counter guarantee in the Indemnity Agreement referred to therein by which GECIH took over CNB’s liability (Depositors’ Guarantee) towards the creditors of AGB.
Hertil kommer, at GE-koncernen tillige mener at have bidraget såvel ved salgsretten som ved koncernens gode ry.
In addition, the GE group believes that it contributed by way of the Put Option as well as by its excellent reputation.
Kommissionen vurderede i sin beslutning af 14. juli 2004 de anmeldte foranstaltninger og konkluderede, at de fleste ikke var omfattet af overgangsordningen i tiltrædelsestraktaten.
In its Decision of 14 July 2004, the Commission assessed the measures notified to it and came to the conclusion that the majority of them fell outside the scope of the interim mechanism of the Accession Treaty.
Disse foranstaltninger førte ikke til yderligere finansiel eksponering for Den Tjekkiske Republik efter tiltrædelsesdatoen og var derfor ikke gældende efter tiltrædelsen.
These measures did not lead to any further financial exposure of the Czech Republic after the accession date and therefore were not applicable after accession.
To af foranstaltningerne blev dog anset for at være gældende efter tiltrædelsen og for muligvis at udgøre statsstøtte, der er uforenelig med fællesmarkedet — dels foranstaltningen »garantier og godtgørelser«, dels foranstaltningen »salgsret«.
However, two sets of measures were considered to be applicable after accession, and potentially to constitute State aid incompatible with the common market — firstly the Warranties and Indemnities and secondly the Put Option.
Garantier og godtgørelser
The Warranties and Indemnities
I løbet af AGB1's salg til GECB indgik AGB som sælger af AGB1 en række garantiordninger til fordel for GECB, og disse er opstillet i garantidokumentet undertegnet den 21. juni 1998.
In the course of the sale of AGB1 to GECB, AGB as the seller of AGB1 entered into a number of guarantee arrangements in favour of GECB which are set out in the Deed of Warranties, signed on 21 June 1998.
ČNB var ikke part i denne aftale.
CNB was not a party to this agreement.