natgillin/translations-raw huggingface dataset:
Enterprise Europe-netværket skal spille en rolle med hensyn til at forbinde regionale SMV-støttetjenester (herunder væksthuse) med god praksis på europæisk plan. 
The EEN will play a role in con‐ necting regional SME support services (including incubators) to good practice at the European level.
De seneste år har EU medfinansieret projekter om virksomhedsvæksthuse inden for rammerne af sin samhørighedspolitik med støtte fra Den Europæiske Fond for Regionaludvikling. 
In recent years, the EU has co-financed business incubator projects in the context of its cohesion policy with the support of the European Regional Development Fund.
Det er i overensstemmelse med de EU-politiske prioriteter, navnlig i forbindelse med Lissabonstrategien og Europa 2020-strategien om at støtte etablering og udvikling af små og mellemstore virksomheder (SMV’er), da de spiller en vigtig rolle i forbindelse med vækst-og jobskabelse. 
This is in line with the EU’s political priorities, especially in view of the Lisbon and Europe 2020 strategies of supporting the launch and development of small and medium-sized enterprises (SMEs), as they play an important role in the creation of growth and jobs.
I denne beretning vurderer Den Europæiske Revisionsret, om disse projekter om virksomhedsvæksthuse har fungeret tilfredsstillende som støtte for startup-SMV’er. 
In this report, the European Court of Auditors assesses whether these business incubator projects were successful in supporting start-up SMEs.
16 Effektiviteten af at blande tilskud, der ydes under regionale investeringsfaciliteter, og ln fra finansielle institutioner til at stżtte EUŐs eksterne politikker DEN EUROPŽISKE REVISIONSRET 
EN 2014 Special Report NO 16 The effectiveness of blending regional investment facility grants with financial institution loans to support EU external policies EUROPEAN COURT OF AUDITORS
DEN EUROPŽISKE REVISIONSRET 12, rue Alcide De Gasperi 1615 Luxembourg LUXEMBOURG Tlf. +352 4398-1 E-post: eca-info@eca.europa.eu Internet: http://eca.europa.eu Twitter: @EUAuditorsECA YouTube: EUAuditorsECA Yderligere oplysninger om EU fs p internet via Europaserveren (http://europa.eu) Luxembourg: Den Europžiske Unions Publikationskontor, 2014 ISBN 978-92-9207-006-9 doi:10.2865/84545 Š Den Europžiske Union, 2014 Eftertryk tilladt med kildeangivelse Printed in Luxembourg 
EUROPEAN COURT OF AUDITORS 12, rue Alcide De Gasperi 1615 Luxembourg LUXEMBOURG Tel. +352 4398-1 E-mail: eca-info@eca.europa.eu Internet: http://eca.europa.eu Twitter: @EUAuditorsECA YouTube: EUAuditorsECA More information on the European Union is available on the Internet (http://europa.eu). Luxembourg: Publications Office of the European Union, 2014 ISBN 978-92-9207-015-1 doi:10.2865/85000 © European Union, 2014 Reproduction is authorised provided the source is acknowledged. Printed in Luxembourg
16 Sžrberetning Effektiviteten af at blande tilskud, der ydes under regionale investeringsfaciliteter, og ln fra finansielle institutioner til at stżtte EUŐs eksterne politikker (artikel 287, stk. 
EN 2014 Special Report NO 16 The effectiveness of blending regional investment facility grants with financial institution loans to support EU external policies (pursuant to Article 287(4), second subparagraph, TFEU)
4, andet afsnit, TEUF) Indhold 02 Punkt Glossar og forkortelser I-VIII Resum 1-13 Indledning 1-4 De potentielle fordele ved at blande tilskud ydet som led i eksternt samarbejde og ln 5-13 EUŐs blandingsmekanismer 14-15 Revisionens omfang og revisionsmetoden 16-52 Bemžrkninger 16-37 De regionale investeringsfaciliteter er udformet p en hensigtsmžssig mde, men Kommissionens forvaltning er stadig behžftet med mangler 17-21 Udformningen af de regionale investeringsfaciliteter er tilfredsstillende, og de lovgivningsmžssige og proceduremžssige rammer bliver stadig bedre 22-31 Der udvžlges egnede projekter, men Kommissionens evaluering fokuserer ikke tilstržkkeligt p EU-tilskuddenes mervžrdi og belżb 32-33 Kommissionen udbetaler unżdvendigt store forskud 34 For subfaciliteternes vedkommende var kriterierne for tildeling af subln vage eller bredt formuleret 35-37 Omfanget af Kommissionens overvgning af gennemfżrelsen af tilskud varierede 38-52 De tilsigtede fordele ved at blande tilskud og ln er endnu ikke net fuldt ud 39-42 Kun for halvdelen af de undersżgte projekter var det pvist, at der var behov for et tilskud for at gżre det muligt at optage lnet 43-46 Kommissionen udnyttede ikke fuldt ud muligheden for at blive inddraget i formuleringen af politikker og for at f indflydelse p, hvordan projekterne blev udformet og forvaltet 47-52 Blanding styrkede donorkoordineringen, men synligheden af EUŐs finansiering har hidtil vžret begržnset 
Contents 02 Paragraph I–VIII 1–13 1–4 5–13 14–15 16–52 16–37 17–21 22–31 32–33 34 35–37 38–52 39–42 43–46 47–52 Glossary and abbreviations Executive summary Introduction The potential benefits of blending external cooperation grants with loans EU blending mechanisms Audit scope and approach Observations The regional investment facilities have been set up in an appropriate manner, but the Commission’s management is still affected by shortcomings The set-up of the regional investment facilities is satisfactory and the regulatory and procedural framework is improving Suitable projects are selected but the Commission’s assessment does not focus adequately on the added value and amount of EU grants The Commission makes advance disbursements that are unnecessarily high In the case of sub-facilities, the criteria for awarding sub-loans were vague or broad The extent of the Commission’s monitoring of the implementation of grants varied The intended benefits of blending grants and loans have not been fully achieved so far The need for a grant to enable the loan to be contracted was demonstrated for only half of the projects examined The potential for Commission involvement in the formulation of policies and for having an impact on the way projects were set up and managed was not fully exploited Blending enhanced donor coordination but the visibility of EU funding has been limited to date
Indhold 03 53-60 Konklusioner og anbefalinger Bilag I Ń Bilag II Ń Bilag III Ń Bilag IV Ń Bilag V Ń Bilag VI Ń Bilag VII Ń Bilag VIII Ń Bilag IX Ń De regionale investeringsfaciliteters globale džkning De belżb, som der er indget forpligtelser for, indget kontrakt om, og som er udbetalt af Kommissionen for de enkelte regionale investeringsfaciliteter pr. 31.12.2013 Antal projekter godkendt under de enkelte regionale investeringsfaciliteter for perioden 2007-2013 Bidrag til de 387 projekter, der blev godkendt under regionale investeringsfaciliteter for perioden 2007-2013 Ln fra finansielle institutioner ydet under de enkelte regionale investeringsfaciliteter for perioden 2007-2013 Stikprżven p 15 ITF-projekter, som Retten gennemgik Stikprżven p 15 NIF-projekter, som Retten gennemgik Stikprżve af projekter til etablering af subfaciliteter Projekter nžvnt i punkt 42 Kommissionens svar 
Contents 03 53–60 Conclusions and recommendations Annex I Annex II Annex III Annex IV Annex V Annex VI Annex VII Annex VIII Annex IX — Global coverage of regional investment facilities — Amounts committed, contracted and paid by the Commission per regional investment facility as at 31.12.2013 — Number of projects approved by regional investment facility for the 2007–13 period — Contributions to the 387 projects approved by the regional investment facility for the 2007–13 period — Financial institution loans by regional investment facility for the 2007–13 period — Sample of 15 ITF projects examined — Sample of 15 NIF projects examined — Audit sample of projects for the creation of sub-facilities — Projects referred to in paragraph 42 Reply of the Commission
Glossar 04 og forkortelser AFD: Agence Franaise de Dveloppement (det franske agentur for udviklingsbistand). AFD er en fransk offentlig udviklingsfinansieringsinstitution, der bekžmper fattigdom og fremmer żkonomisk vžkst i udviklingslandene og i de franske oversżiske departementer. 
Glossary 04 and abbreviations AFD: Agence française de développement AFD is a French public development finance institution that fights poverty and fosters economic growth in developing countries and the French Overseas Provinces.
Det er det vigtigste gennemfżrelsesagentur for Frankrigs udviklingssamarbejde. 
It is the main implementing agency for France’s development cooperation.
EBRD: Den Europžiske Bank for Genopbygning og Udvikling. EBRD er en offentligt ejet udviklingsbank baseret i London, der fremmer overgang til ben, markedsbaseret żkonomi i lande fra Central-og Żsteuropa til Centralasien og det sydlige og żstlige Middelhavsomrde. 
EBRD: European Bank for Reconstruction and Development The EBRD is a publicly owned development bank based in London that promotes transition to open, market‐based economies in countries from central and eastern Europe to central Asia and the southern and eastern Mediterranean.
EBRD yder projektfinansiering til banker, industri og virksomheder, til investeringer bde i nye virksomheder og i eksisterende selskaber. 
It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies.
Den fokuserer p den private sektor, men samarbejder ogs med offentligt ejede selskaber. 
It focuses on the private sector but also works with publicly owned companies.
EIB: Den Europžiske Investeringsbank. EIB er Den Europžiske Unions bank. 
EIB: European Investment Bank The EIB is the European Union’s bank.
Den er ejet af og repržsenterer Den Europžiske Unions medlemsstater og arbejder tžt sammen med de żvrige EU-institutioner p at gennemfżre EUŐs politik ved at yde finansiering til investeringsprojekter. 
It is owned by and represents the interests of the European Union Member States and works closely with other EU institutions to implement EU policy by providing finance for investment projects.
EU-delegation: EU er repržsenteret ved 139 delegationer og kontorer over hele verden. 
EU Delegation: The EU is represented through 139 EU delegations and offices around the world.
EU-delegationerne er en del af Europa-Kommissionens struktur, men tjener EUŐs interesser som helhed. 
The EU Delegations are part of the European Commission structure but serve EU interests as a whole.
Glossar og forkortelser 05 KfW: Kreditanstalt fr Wiederaufbau (den tyske udviklingsbank). KfW er Forbundsrepublikken Tysklands udviklingsbank og ligger i Frankfurt. 
Glossary and abbreviations 05 KfW: Kreditanstalt für Wiederaufbau KfW is the promotional bank of the Federal Republic of Germany and is based in Frankfurt.
Bankens udviklingsafdeling varetager Tysklands żkonomiske udviklingssamarbejde p vegne af regeringen. 
The development branch of the bank carries out German financial development cooperation on behalf of the government.
MRI: Initiativet om gensidig tillid (Mutual Reliance Initiative). MRI er en formel ramme, der blev oprettet i 2009 af AFD, EIB og KfW med henblik p at żge effektiviteten i samfinansieringen af udviklingsprojekter. 
LAIF: Latin America Investment Facility MRI: Mutual Reliance Initiative The MRI is a formal framework set up in 2009 by AFD, EIB and KfW with the purpose of increasing effectiveness in co‐financing development projects.
NIF: Naboskabsinvesteringsfaciliteten. ROM: Resultatorienteret overvgning (Results Oriented Monitoring). ROM-systemet er et kontrolredskab, der anvendes i forbindelse med projekter og programmer, og som indeholder anbefalinger til forbedring. 
NIF: Neighbourhood Investment Facility ROM: Results Oriented Monitoring The ROM system is a review tool for projects and programmes, which provides recommendations for improvement.
WBIF: Investeringsramme for Vestbalkan. 
WBIF: Western Balkans Investment Framework
Resum 06 I IV Blandingsmekanismer kombinerer ln1 fra finansielle institutioner med tilskud. 
Executive 06 summary I IV Blending mechanisms combine loans1 from financial institutions with grants.
Blanding gżr det muligt for donorer at geare deres midler til ekstern bistand ved at mobilisere ln fra finansielle institutioner. 
Blending gives grant donors the possibility of leveraging their external cooperation funds by mobilising loans from financial institutions.
Det giver dem ogs mulighed for at f indflydelse p formuleringen af politikker og/eller p, hvordan projekter ivžrksžttes og forvaltes. 
It also allows them to have an impact on the formulation of policies and/or on the way projects are set up and managed.
Desuden kan blandingen af ln og tilskud fremme samarbejdet mellem udviklings-bistandens forskellige berżrte parter og żge stżttens synlighed. 
Furthermore, blending loans and grants can promote cooperation between stakeholders in devel‐ opment aid and can enhance the visibility of aid.
II Siden 2007 har Kommissionen og medlemsstaterne oprettet otte regionale investeringsfaciliteter, der džkker hele spektret af Kommissionens eksterne samarbejde. 
II Since 2007, the Commission and the Member States have set up eight regional investment facilities that cover the Commission’s entire sphere of external cooperation.
I perioden 2007-2013 afsatte EU 2 106 millioner euro til sdanne faciliteter. 
Over the 2007–13 period, the EU allo‐ cated 2 106 million euro to such facilities.
Udviklingsfinansie-ringsinstitutioner identificerer projekter og ansżger om tilskud, som godkendes af udżvende organer som f.eks. Kommissionen, medlemsstaterne og andre donorer. 
Develop‐ ment‐finance institutions identify projects and apply for grants, which are approved by executive bodies comprising the Commission, Member States and other donors.
De finansielle institutioner indgr aftale om stżrstedelen af den tekniske bistand og overvger projekterne. 
The financial institutions contract most techni‐ cal assistance and monitor the projects.
III Rettens revision džkkede de regionale investeringsfaciliteter fra det tidspunkt, hvor de blev etableret. 
III The Court’s audit covered the regional investment facilities from when they were set up.
Retten vurderede specifikt, om det er effektivt at blande tilskud ydet under regionale investeringsfaciliteter og ln fra finansielle institutioner. 
The Court specifically assessed the effectiveness of blending regional investment facility grants with loans from financial institutions.
Revisionen fokuserede p udformningen og forvaltningen af de regionale investeringsfaciliteter og p, i hvilket omfang de tilsigtede fordele ved blanding blev opnet. 
The audit focused on the set‐up and management of the regional investment facilities and on the extent to which the intended benefits of blending were achieved.
Revisionsarbejdet omfattede en analytisk gennemgang, interview med ansatte i Kommissionen, en spżrgeundersżgelse blandt 40 EU-delegationer, hvoraf 22 svarede, besżg i de fire vigtigste finansielle institutioner og en undersżgelse af en stikprżve p 30 tilskud til projekter. 
The audit work consisted of an analytical review, interviews with Commission staff, a survey of 40 EU delegations, 22 of which replied, vis‐ its to the four main financial institutions and an exami‐ nation of a sample of 30 grants awarded to projects.
Retten konkluderer, at det generelt har vžret effektivt at blande tilskud ydet under regionale investeringsfaciliteter og ln fra finansielle institutioner til at stżtte EUŐs eksterne politikker. 
The Court concludes that blending the regional invest‐ ment facility grants with loans from financial institu‐ tions to support EU external policies has been gener‐ ally effective.
De regionale investeringsfaciliteter var udformet hensigtsmžssigt, men de potentielle fordele ved at blande tilskud og ln blev ikke udnyttet fuldt ud p grund af mangler ved Kommissionens forvaltning. 
The regional investment facilities were well set up but the potential benefits of blending were not fully realised due to Commission management shortcomings.
VMedlemsstaterne og Kommissionen har sżrget for, at de regionale investeringsfaciliteter var korrekt udformet, og de er nu fast etablerede. 
VThe Member States and the Commission have ensured that the regional investment facilities were properly set up and they are now firmly established.
Lnedelen af finansieringen kom hovedsageligt fra fire europžiske finansielle institutioner, som identificerede de investeringer, der opfyldte betingelserne. 
The lend‐ ing element of the funding was mainly provided by four European financial institutions, which identified the qualifying investments.
I lżbet af de seneste syv r har de identificeret tilstržkkelige projekter til, at der kan indgs forpligtelser for de disponible midler. 
Over the last 7 years, they have identified sufficient projects for committing the funding available.
VI Alle de 30 projekter, Retten gennemgik, blev vurderet til at vžre relevante for de berżrte regioner og lande. 
VI The 30 projects examined by the Court were all judged to be relevant for the regions and countries concerned.
Kommissionens godkendelsesprocedure var imidlertid ikke grundig nok, og beslutningerne om at yde tilskuddene p et bestemt niveau var ofte ikke dokumenteret p overbevisende vis. 
However, the approval process under‐ taken by the Commission was not thorough, and the decisions to award the grants, at a particular level, were frequently not convincingly evidenced.
Der var heller ikke nogen vejledning om, hvilke kriterier Kommissionen skulle anvende i sin beslutningstagning. 
Guid‐ ance on what criteria the Commission should use in its decision‐making was also lacking.
Nr tilskuddene fżrst var godkendt, var de udbetalte forskud unżdvendigt hżje. 
Once grants were approved, the advance disbursements were unnec‐ essarily high.
Kommissionens overvgning sikrede ikke, at der i alle tilfžlde blev opnet mervžrdi af tilskuddene. 
The Commission’s monitoring did not ensure that the added value of grants was achieved in all cases.
Resum 07 VII De regionale investeringsfaciliteter gav udviklingspartnere en platform for tžt samarbejde og for gennemfżrelse af meget store projekter, som det ville have vžret vanskeligt at finansiere p anden mde. 
Executive summary 07 VII The regional investment facilities provided the devel‐ opment partners with a platform for working closely together and for undertaking very large projects, which would have been difficult to finance otherwise.
Begrundelsen for at yde tilskud, som blandes med ln, var klar i visse tilfžlde, navnlig nr subventionskrite-riet skulle vžre opfyldt. 
The justification for awarding grants for blending with loans was clear in certain cases, especially where con‐ cessionality criteria had to be met.
I andre tilfžlde Ń faktisk i ca. 50 % af de undersżgte tilfžlde Ń var den ikke indlysende. 
However, in other cases, in fact in about 50 % of the cases examined this was not evident.
Kommissionen drog ikke fuld fordel af muligheden for at indvirke positivt p den mde, projekter blev udformet p, eller for mere generelt at indvirke p sektorspecifikke politikker. 
The Commission did not fully capital‐ ise on the potential for a positive impact on the way projects were set up or for a wider impact on sector policy.
Synligheden af EUŐs stżtte har indtil videre vžret begržnset, selv om Kommissionen er begyndt at rette op p situationen. 
The visibility of EU support has been limited so far although the Commission started to address the situation.
VIII Retten fremsžtter en ržkke anbefalinger til Kommissionen for at forbedre effektiviteten af de regionale investeringsfaciliteter. 
VIII The Court makes a number of recommendations for the Commission to improve the effectiveness of the regional investment facilities.
Anbefalingerne vedrżrer projektudvžlgelse og godkendelse af tilskud, udbetaling af midler, overvgning af gennemfżrelsen af EU-tilskud og styrkelse af EU-bistandens synlighed. 
The recommenda‐ tions concern project selection and grant approval, disbursement of funds, monitoring of the implemen‐ tation of EU grants, and enhancing the visibility of EU aid.
Indledning 08 De potentielle fordele ved at blande tilskud ydet som led i eksternt samarbejde og ln 01 Blandingsmekanismer kombinerer ln2 fra finansielle institutioner med tilskud. 
Introduction 08 The potential benefits of blending external cooperation grants with loans 01 Blending mechanisms combine loans2 from financial institutions with grants.
Tilskuddene kan antage forskellige former, men i forbindelse med EUŐs samarbejde med udviklingslandene er de mest almindelige former for tilskud direkte tilskud, rentegodtgżrelser, teknisk bistand og lnegarantiordninger. 
The grants may take various forms but, in the case of EU cooperation with de‐ veloping countries, the most common types of grants are direct‐investment grants, interest‐rate subsidies, tech‐ nical assistance and loan‐guarantee schemes.
02 Det primžre sigte med blandingsmekanismer er at żge midlerne til eksternt samarbejde ved at mobilisere ln fra finansielle institutioner. 
02 The main aim of blending mechanisms is to leverage external cooperation funds by mobilising loans from finan‐ cial institutions.
Mlet med blandingsmekanismer er navnlig at tage hżjde for investeringsforhold, som ikke er optimale, i forbindelse med aktiviteter eller infrastrukturer, der kunne vžre levedygtige, men som ikke tiltržkker tilstržkkelig finansiering fra markedets finansieringskilder. 
Blending aims, in par‐ ticular, to address sub‐optimal invest‐ ment situations in the case of activities or infrastructure that could be viable but do not attract sufficient funding from market sources.
Fżlgende er de vigtigste rsager til, at nogle projekter ikke kan tiltržkke investorer til normale markedspriser: a) Projekterne er ikke tilstržkkeligt rentable, men har store żkonomiske, miljżmžssige og/eller sociale fordele. b) c) Risikoprofilen er uforholdsmžssig hżj. De gennemfżres i stžrkt gžldstyngede lande, der er underlagt Den Internationale Valutafonds (IMFŐs) lnekrav (jf. tekstboks 1). 
The following are the main reasons why projects cannot attract financiers at normal market rates: (a) they are insufficiently profitable but present high economic, envi‐ ronmental and/or social benefits; (b) they have excessive risk profiles; (c) they are located in heavily indebt‐ ed countries that are subject to International Monetary fund (IMF) requirements for loans (see Box 1).
03 Ud over at mobilisere ln fra finansielle institutioner giver blanding donoren mulighed for at blive inddraget i formuleringen af politikker eller at f indflydelse p, hvordan projekter udformes og forvaltes. 
03 In addition to mobilising loans from financial institutions, blending offers the grant donor the possibility of be‐ ing involved in the formulation of poli‐ cies or of having an impact on the way projects are set up and managed.
Dette kan f.eks. vžre ved at afbżde de negative eksterne virkninger af et projekt, ssom negative miljżmžssige eller sociale virkninger, eller ved at give ekstra stżtte til specifikke ml i relation til projektet, ssom udvikling af administrativ eller teknisk kapacitet. 
This may, for instance, be by mitigating the negative externalities of projects, such as detrimental environmental or social effects, or by providing additional funding for specific objectives related to the project, such as administrative or technical capacity development.
IMFŐs krav i forbindelse med ydelse af ln i stžrkt gžldstyngede lande I henhold til IMFŐs krav m stžrkt gžldstyngede lande kun optage ln p vilkr, som er vžsentligt gunstigere end markedsvilkrene. 
IMF requirements for loans in heavily indebted countries The IMF requires that heavily indebted countries only contract loans with terms that are substantially more fa‐ vourable than loans at market conditions.
I stžrkt gžldstyngede lande kržver IMF, at subventionsniveauet er p mindst 35 %. 
In heavily indebted countries, the IMF requires the concessionality level to be at least 35 %.
Indledning 09 04 Der er ogs andre, mere generelle, potentielle fordele ved blanding: a) Det fremmer samarbejdet mellem interessenter inden for udviklingsbistand. 
Introduction 09 04 There are also other, more general, potential benefits associated with the use of blending: (a) It promotes cooperation between stakeholders in the sphere of de‐ velopment aid.