natgillin/translations-raw huggingface dataset:
Med hensyn til spørgsmålet, om der foreligger en fordel, minder Kommissionen om, at det garanterede lån blev ydet i januar 2000, på et tidspunkt, hvor ingen markedsøkonomisk investor havde ydet et lån eller en garanti til HSY, som tidligere konkluderet.
As regards the existence of an advantage, the Commission recalls that the guaranteed loan was granted in January 2000, at a time when no market economy investor would have provided a loan or a guarantee to HSY anymore, as previously concluded.
Uden en statsgaranti havde ingen bank ydet et lån til HSY.
Without a State guarantee, no bank would have therefore provided a loan to HSY.
Statsgarantien gav derfor HSY en klar fordel.
The State guarantee therefore gave a clear advantage to HSY.
Den del af statsgarantien, der ikke er omfattet af EF-traktatens artikel 296, udgør derfor støtte.
In conclusion, the part of the State guarantee which is not covered by Article 296 of the Treaty constitutes aid.
Med hensyn til foreneligheden af denne støtte på grundlag af EF-traktatens artikel 87, stk. 2, litra b), har ingen af parterne anfægtet, at jordskælvet i september 1999 var en »naturkatastrofe«.
As regards the compatibility of this aid on the basis of Article 87(2)(b) of the Treaty, no party contests that the earthquake of September 1999 was a ‘natural disaster’.
Selv om lånekontrakten først blev underskrevet den 13. januar 2000, forlangte HSY denne finansiering fra ETVA så tidligt som de første par uger efter jordskælvet.
Whereas the loan contract was signed only on 13 January 2000, HSY demanded this financing to ETVA already in the weeks following the earthquake.
Ifølge de græske myndigheder bestod skaden for værftet for det første af omkostningerne ved at reparere de fysiske anlæg og for det andet af omkostningerne som følge af forsinkelsen af kontrakternes udførelse.
According to the Greek authorities, the damage to the yard amounted first to the cost of repairing the physical installations and, second, to the costs generated by the delay in the execution of the contracts.
Grækenland har imidlertid ikke fremlagt noget skøn over den anden type skade.
However, Greece has not submitted any estimation of the second type of damage.
Hvis Grækenland ønskede at kompensere HSY for den sidstnævnte omkostningstype, burde det i det mindste have forsøgt at angive størrelsen heraf, og denne beregning skulle have været foretaget på grundlag af en kontrollerbar metode.
If Greece wished to compensate HSY for the latter type of costs, it should have at least tried to quantify them and this calculation should have been done on the basis of a verifiable method.
Eftersom dette ikke blev gjort, og eftersom støtten kun kan anses for at være forenelig på grundlag af artikel 87, stk. 2, litra b), hvis den udelukkende tjener som kompensation for den lidte skade, finder Kommissionen, at disse hypotetiske omkostninger ikke udgør en gyldig begrundelse for støttens forenelighed.
Since this was not done and since aid can be found compatible on the basis of Article 87(2)(b) only if it is strictly limited to the compensation for the damage suffered, the Commission considers that these hypothetical costs do not constitute a valid ground for the compatibility of the aid.
Med hensyn til den første omkostningstype (reparation af fysiske skader) bemærker Kommissionen, at der ikke blev indført nogen mekanisme til at sikre, at størrelsen af statsgarantien ville blive nedsat, så snart skadernes omfang var fastslået præcist og erstatningerne udbetalt til HSY af forsikringsselskaberne.
As regards the first type of costs — the repair of physical damages — the Commission observes that no mechanism was set up to ensure that the size of the State guarantee would be reduced once the size of the damages suffered would be precisely established and once the indemnities would be paid out to HSY by the insurance companies.
Ved brev af 20. oktober 2004 anslog Grækenland, at de fysiske skader udgjorde ca. 3 mia. GRD (8,8 mio. EUR).
In its letter of 20 October 2004, Greece estimated that the physical damages amounted to around GRD 3 billion (EUR 8,8 million).
Kommissionen finder derfor, at det beløb, der overstiger dette tal, nemlig 20,5 mio. EUR, ikke stod i forbindelse med skader forårsaget af jordskælvet.
Consequently, the Commission considers that the amount exceeding that figures, namely EUR 20,5 million, was not related to damages caused by the earthquake.
Omvendt kan 8,8 mio. EUR antages at stå i rimeligt forhold til de lidte skader, men kun indtil første kvartal af 2002, hvor forsikringsselskaberne udbetalte en erstatning på 3,52 mio. EUR. Fra dette tidspunkt burde statsgarantien have været nedsat med et tilsvarende beløb.
Conversely, EUR 8,8 million can be assumed to be commensurate with the damages suffered, but only until the first quarter of 2002, when the insurance companies paid an indemnification of EUR 3,52 million. From that date onwards, the State guarantee should have been reduced by an equivalent amount.
Derfor kan fra dette tidspunkt kun restbeløbet (8,8 mio. EUR — 3,5 mio. EUR = 5,3 mio. EUR) anses for at stå i rimeligt forhold til de nettoskader, der er lidt (dvs. lidte skader minus den erstatning, som forsikringsselskaberne har udbetalt til HSY).
Therefore, from that date, only the balance (EUR 8,8 million – EUR 3,5 million = EUR 5,3 million) could be considered to be commensurate with the net damages suffered (i.e. damages suffered minus the indemnifications paid to HSY by the insurance companies).
Som tidligere anført er det, eftersom 75 % af det garanterede lån anses for at finansiere militære aktiviteter, kun 25 % af garantien, der er omfattet af statsstøttereglerne og blev anset for at udgøre statsstøtte.
As indicated previously, since 75 % of the guaranteed loan is considered to finance military activities, only 25 % of the guarantee is falling under State aid control and was found to constitute State aid.
Det er imidlertid også rimeligt at antage, at kun 25 % af den af HSY lidte skade vedrørte dets civile aktiviteter, da jordskælvet skadede HSY's faciliteter uden skelnen mellem militære faciliteter, civile faciliteter og faciliteter, der anvendes til begge typer aktiviteter.
However, it is also reasonable to suppose that only 25 % of the damage suffered by HSY related to its civil activities because the earthquake has damaged HSY’s facilities without distinction between military facilities, civil facilities and facilities used for both types of activities.
Der er med andre ord ingen grund til at antage, at 100 % af den af HSY lidte skade skulle finansieres af de 25 % af statsgarantien, der udgør statsstøtte.
In other words, there is no reason to consider that 100 % of the damage suffered by HSY should be financed by the 25 % of the State guarantee which constitutes State aid.
Derfor kan kun 25 % af skaderne tages i betragtning ved vurderingen af, om statsstøtten står i rimeligt forhold til de lidte skader.
Consequently, only 25 % of the damages can be taken into account when assessing whether the State aid is commensurate with the damages suffered.
Af statsstøtten udgør et beløb svarende til 25 % af den del af statsgarantien, der anses for at stå i rimeligt forhold til den lidte skade (som beskrevet i ovenstående betragtning), derfor forenelig støtte på grundlag af artikel 87, stk. 2, litra b).
In conclusion, out of the State aid, an amount equivalent to 25 % of the part of the State guarantee considered commensurate with the damage suffered (such as defined in the previous paragraph) constitutes compatible aid on the basis of Article 87(2) b).
Hvis statsgarantien stadig er i kraft, bør den del af denne garanti, der udgør uforenelig støtte (dvs. 25 % af den garanti, der stadig er i kraft, minus 1,32 mio. EUR, som er forenelig støtte) straks tilbagekaldes.
If the State guarantee is still outstanding, the part of this guarantee which constitutes incompatible aid (i.e. 25 % of the guarantee still outstanding, minus EUR 1,32 million which is compatible) should be immediately rescinded.
Annulleringen af den uforenelige garanti er ikke tilstrækkelig til at genoprette den oprindelige situation.
The cancellation of the incompatible guarantee is not sufficient to restore the initial situation.
Takket være den uforenelige statsgaranti havde HSY således i en årrække et lån til rådighed, som det ikke ellers havde opnået.
Indeed, thanks to the incompatible State guarantee, HSY has had at its disposal during several years a loan which it would otherwise not have received.
Med henblik på at tilbagesøge denne supplerende uforenelige støtte finder Kommissionen, at der fra ydelsen af det garanterede lån og indtil ophøret af den uforenelige statsgaranti skal tilbagesøges en støtte svarende til forskellen mellem de samlede omkostninger ved det garanterede lån (rentesats plus garantipræmie betalt af HSY) og referencesatsen for Grækenland forhøjet med 600 basispoint.
In order to recover this additional incompatible aid, the Commission considers that, from the granting of the guaranteed loan until the end of the incompatible State guarantee, an aid equal to the difference between the total cost of the guaranteed loan (interest rate plus guarantee premium paid by HSY) and reference rate for Greece increased by 600 bps must be recovered.
Dette beløb skal beregnes med hensyn til den del af statsgarantien, der udgjorde uforenelig støtte.
This amount has to be calculated in respect of the part of the State guarantee which constituted incompatible aid.
Lån fra ETVA i 1997 og 1998 (foranstaltning E16)
Loans granted by ETVA in 1997 and 1998 (measure E16)
Denne foranstaltning består af tre lån, som ETVA ydede til HSY i 1997 og 1998.
This measure consists of three loans granted by ETVA to HSY in 1997 and 1998.
Den var sikret ved tilgodehavender fra den græske marine.
It was secured by accounts receivable from the Hellenic Navy.
For det andet bevilgede ETVA den 15. oktober 1997 ETVA en kreditlinje på 10 mio. USD, ligeledes til dækning af HSY's behov for driftskapital.
Second, on 15 October 1997, ETVA granted a credit line of USD 10 million, also to cover HSY’s needs for working capital.
Lånet havde en rentesats på LIBOR plus 130 basispoint og var sikret ved tilgodehavender fra kontrakten med den græske marine.
The loan had an interest rate of LIBOR plus 130 basis points and was secured against accounts receivable from the contract with the Greek Navy.
Den 19. maj 1999 fik ETVA yderligere sikkerhed for lånet gennem overdragelse af enhver fordring med hensyn til programaftale 1/97, som HSY havde indgået med ISAP med henblik på konstruktion og levering af 125 jernbanevogne.
On 19 May 1999, ETVA received additional security for the loan through the conveyance of every claim in respect of Programme Agreement 1/97 which HSY had concluded with ISAP for the construction and supply of 125 rail cars.
Lånet blev tilbagebetalt i januar 2000.
The loan was repaid in January 2000.
For det tredje bevilgede ETVA den 27. januar 1998 en kreditlinje på 5 mio. USD, ligeledes med en rentesats på LIBOR plus 130 basispoint.
Third, on 27 January 1998, ETVA granted a credit line of USD 5 million, also with an interest rate of LIBOR plus 130 basis points.
Formålet var også at dække HSY's behov for driftskapital.
The purpose was also to cover HSY’s needs for working capital.
Der blev ikke stillet sikkerhed for denne tredje kreditlinje.
No security was provided for this third credit line.
Ifølge beslutningen om at udvide proceduren synes disse lån at udgøre støtte, hvis forenelighed er tvivlsom.
The extension decision indicates that these loans seem to constitute aid, the compatibility of which is doubtful.
Desuden medfører den omstændighed, at de to første lån var sikret ved tilgodehavender fra den græske marine, ikke automatisk, at disse lån er omfattet af EF-traktatens artikel 296.
In addition, the fact that the first two loans were secured by receivables from the Hellenic Navy does not automatically entail that these loans are covered by Article 296 of the Treaty.
Elefsis har anført, at i betragtning af værftets finansielle situation på daværende tidspunkt havde ingen privat bank tilvejebragt disse lån til HSY.
Elefsis submits that given the financial situation of the yard at that moment, no private bank would have provided these loans to HSY.
Grækenland og HSY har gjort gældende, at ETVA fik tilstrækkelig sikkerhed med overdragelsen af krav på tilgodehavender fra den græske marine.
Greece and HSY claim that ETVA obtained adequate security with the conveyance of claims on accounts receivable from the Hellenic Navy.
Grækenland har anført, at de tre lån blev tilbagebetalt fuldt ud til den långivende bank, og har derfor gjort gældende, at en eventuel ulovlig statsstøtte — hvilket bestrides — blev inddrevet gennem tilbagebetalingen.
Greece indicates that the three loans were repaid in full to the lending bank and claims therefore that any unlawful State aid, quod non, was recovered through the repayment.
Endelig har de græske myndigheder hævdet, at Kommissionen i betragtning af den form for sikkerhed, der er stillet til den långivende bank, og den omstændighed, at HSY hovedsagelig var aktivt inden for forsvarssektoren, ikke må analysere disse foranstaltninger på grundlag af EF-traktatens artikel 88, men skal anvende den procedure, der er fastsat i EF-traktatens artikel 298.
Finally, the Greek authorities assert that, in view of the type of securities provided to the lending bank and the fact that HSY was mainly active in the defence sector, the Commission is not allowed to analyse these measures on the basis of Article 88 of the Treaty but has to use the procedure laid down in Article 298 of the Treaty.
Med hensyn til anvendelsen af EF-traktatens artikel 296 og 298 bemærker Kommissionen, at de to kreditfaciliteter, der blev bevilget i 1997, blev sikret ved tilgodehavender fra en militær kontrakt.
As regards the application of Articles 296 and 298 of the Treaty, the Commission observes that the two credit facilities granted in 1997 were secured by receivables from a military contract.
Denne omstændighed alene viser imidlertid ikke, at kreditfaciliteterne blev bevilget til at finansiere udførelsen af disse militære kontrakter.
However, this fact alone does not show that the facilities were granted to finance the execution of these military contracts.
Grækenland har ikke fremlagt bevis for, at der eksisterede en kontraktlig forpligtelse, som begrænsede anvendelsen af disse midler til at finansiere udførelsen af militære kontrakter.
Greece has not brought forward evidence that there existed a contractual obligation limiting the use of these funds to financing the execution of military contracts.
Omvendt har Grækenland anført, at de to lån blev ydet til at dække HSY's behov for driftskapital.
Conversely, Greece indicates that the two loans were granted to cover HSY’s needs for working capital.
Det bekræftes i den første Deloitte-rapport, at de blev ydet i driftskapitaløjemed, og det fremgår ikke, at de var øremærket til at finansiere en bestemt aktivitet.
The first Deloitte report confirms that they were granted for working capital purposes and does not indicate that they were assigned to the financing of a particular activity.
Dette støttes af, at der blev stillet en yderligere sikkerhed i forbindelse med en civil kontrakt (dvs. kontrakt med ISAP) med hensyn til kreditfaciliteten på 10 mio. USD.
This is supported by the fact that an additional security related to a civil contract (i.e. contract with ISAP) was granted in respect of the USD 10 million credit facility.
Kommissionen finder derfor, at disse tre lån har finansieret værftet som helhed og ikke kun de militære aktiviteter.
The Commission therefore considers that these three loans have financed the yard in its entirety and not only the military activities.
Som anført i afsnit 3.3 finder Kommissionen derfor, at 25 % af lånene har finansieret HSY's civile aktiviteter, er omfattet af EF-traktatens artikel 296 og kan derfor vurderes i henhold til statsstøttereglerne.
As indicated in section 3.3 of the present Decision, the Commission considers in such a case that 25 % of the loans have financed the civil activities of HSY, are not covered by Article 296 of the Treaty and can therefore be assessed under State aid rules.
Med hensyn til sikkerhedsstillelserne — overdragelsen af tilgodehavender fra kontrakten med den græske marine og med ISAP — finder Kommissionen, at de ikke gav en effektiv beskyttelse mod tab i tilfælde af HSY's konkurs.
As regards the securities provided — the assignment of accounts receivable from the contract with the Hellenic Navy and with ISAP — the Commission considers that they did not offer a solid protection against losses in case of bankruptcy of HSY.
Hvis HSY således havde indstillet driften, var udførelsen af de igangværende kontrakter med marinen og med ISAP standset.
Indeed, if HSY would have stopped its operations, the execution of the ongoing contracts with the Navy and with ISAP would have stopped.
Eftersom der ikke ville blive leveret noget produkt til marinen og til ISAP, ville de ikke være forpligtet til at betale købsprisen.
Since no product would be delivered to the Navy and to ISAP, they would not be liable to pay the purchase price.
Med hensyn til eksistensen af tilgodehavender i forbindelse med produkter, der allerede var leveret til marinen og til ISAP, har Grækenland ikke vist, for det første, at der eksisterede sådanne fordringer, for det andet, at de kunne inddrives, og for det tredje, at de — i hele lånets løbetid — udgjorde et tilstrækkeligt stort beløb til at reducere risikoen for tab i tilfælde af HSY's konkurs.
As regards the existence of receivables for products already delivered to the Navy and to ISAP, Greece has not shown, first, that such claims existed, second, that they were collectible and, third, that they represented — on a continuous basis during the life of the loan — an amount sufficiently large to mitigate the risk of losses in case of bankruptcy of HSY.
Som konkluderet i afsnit 3.1 havde private banker i 1997 og 1998 forlangt en rentesats svarende til referencesatsen plus 400 basispoint, nemlig ATHIBOR plus 700 basispoint.
As concluded in section 3.1 of the present decision, in 1997 and 1998 private banks would have charged an interest rate amounting to reference rate plus 400 basis points, namely ATHIBOR plus 700 basis points.
Der findes ingen referencesats i dollar.
There exists no reference rate in dollars.
Da referencesatsen i stærke valutaer imidlertid blev fastsat ved at tillægge en præmie på 75 basispoint til interbankrenten, og da de to lån i dollar havde en variabel rentesats indekseret i forhold til LIBOR, finder Kommissionen det i overensstemmelse med den tidligere tilgang at beregne støttebeløbet på grundlag af US LIBOR plus 475 basispoint (dvs. US LIBOR plus 75 basispoint for at nå frem til referencesatsen, plus en risikopræmie på 400 basispoint for at afspejle den særlige risiko ved udlån til HSY).
However, since the reference rate in strong currencies was established by adding a premium of 75 basis points to the interbank rate and since the two loans in dollars had a variable interest rate indexed on LIBOR, the Commission considers coherent with the former approach to calculate the aid amount on the basis of US LIBOR plus 475 basis points (i.e. US LIBOR plus 75 basis points to build the reference rate, plus a risk premium of 400 basis points to reflect the special risk of lending to HSY).
På baggrund af ovenstående fremgår det, at den præmie, der blev forlangt for disse tre lån, ligger under den sats, som en markedsøkonomisk investor havde forlangt.
On the basis of the foregoing, it appears that the premium charged for these three loans is below the rate which would have been charged by a market economy investor.
Kommissionen konkluderer, at den del af disse tre lån, der ikke er omfattet af artikel 296, nemlig 25 % af disse lån, indeholder statsstøtte.
The Commission concludes that the part of these three loans which does not fall under Article 296, namely 25 % of these loans, contains State aid.
Støtten udgør forskellen mellem den rentesats, som ETVA forlangte, og den rentesats, som var blevet forlangt af en markedsøkonomisk investor, som beskrevet ovenfor.
The aid amounts to the difference between the interest rate charged by ETVA and the interest rate which would have been charged by a market economy investor, as defined above.
Disse tre lån blev ydet til at dækker HSY's behov for driftskapital.
These three loans were granted to cover HSY’s needs for working capital.
De udgør derfor driftsstøtte, dvs. støtte ydet til at finansiere værftets drift generelt og ikke et bestemt projekt.
They therefore constitute operating aid, that is to say, aid granted to finance the operation of the yard in general and not a particular project.
De blev ydet på et tidspunkt, hvor støtte til skibsbygningssektoren stadig blev reguleret af direktiv 90/684/EØF.
They were granted at a time where aid to the shipbuilding sector was still regulated by Directive 90/684/EEC.
I henhold til dette direktivs artikel 4 og 5 kan driftsstøtte ydes til aktiviteterne skibsbygning og ombygning af skibe, som begge er defineret i direktivets artikel 1.
Articles 4 and 5 of this Directive provides that operating aid may be granted to shipbuilding and ship conversion activities, which are both defined in Article 1 of the Directive.
I de år, hvor lånene blev ydet, nemlig 1997 og 1998, havde HSY imidlertid ikke sådanne aktiviteter.
However, in the years during which the loans were granted, namely 1997 and 1998, HSY did not have such activities.
Som understreget af Grækenland er lånene blevet tilbagebetalt.
As underlined by Greece, the loans have been reimbursed.
Den ovenfor fastsatte støtte skal derfor tilbagesøges for perioden fra udbetalingen af lånene til HSY og indtil tilbagebetalingen heraf.
The aid as defined previously has therefore to be recovered for the period from the paying out of the loans to HSY until their reimbursement.
Krydssubsidiering mellem militære og civile aktiviteter indtil 2001 (foranstaltning E17)
Cross-subsidisation between military and civil activities until 2001 (measure E17)
Ifølge beslutningen om at udvide proceduren synes der at have været krydssubsidiering mellem militære og civile aktiviteter.
The extension decision indicates that there seems to have existed cross-subsidisation between military and civil activities.
Den beskriver navnlig to tilfælde, hvor HSY i forbindelse med militære kontrakter modtog store forskud, som oversteg dets kortsigtede behov i forbindelse med udførelsen af den tilsvarende kontrakt, således at HSY var i stand til at anvende disse kontanter til at finansiere andre aktiviteter.
In particular, it describes two cases where, in the framework of military contracts, HSY received large advance payments exceeding its short term needs stemming from the execution of the corresponding contract, such that HSY was able to use this cash to finance other activities.
Det gøres gældende i beslutningen om at udvide proceduren, at når dokumenter udtrykkeligt henviser til, at midler, der er modtaget i forbindelse med militære kontrakter, er anvendt til »andre aktiviteter«, kan Kommissionen med rette tvivle på, at disse midler er omfattet af artikel 296 og ikke udgør statsstøtte i henhold til artikel 87, stk. 1.
The extension decision asserts that when documents explicitly refer to the use of funds received for military contracts for ‘other activities’, the Commission is entitled to doubt that these funds are covered by Article 296 and do not constitute State aid in the meaning of Article 87(1).
I beslutningen om at udvide proceduren anbefales det endvidere at indføre særskilte regnskaber for civile og militære aktiviteter for at undgå, at civile aktiviteter finansieres af støtte ydet af staten til de militære aktiviteter.
The extension decision also recommends the introduction of separate accounts for civil and military activities, in order to avoid that civil activities are financed by State support provided for the military activities.