natgillin/translations-raw huggingface dataset:
Libanon EIB fortsatte sin bistand til genopbygningen af Libanon, idet den stillede lån til rådighed for istandsættelsen af vandforsyningsnettene, men også kloak- og spildevandsfacilifeterne i den nordlige del af landet (60 mio), hvortil kommer genopbygningen og moder­niseringen af flyvelederanlæggene ( 10 mio).
Lebanon The EIB continued to assist in the reconstruc­tion of Lebanon by granting loans for rein­statement of drinking water supply networks and sewage collection and treatment facili­ties in the north of the country (60 million), as well as for reconstruction and modernisa­tion of air traffic control systems ( 10 million).
Et globallån på 3 mio i form af risikovillig kapital skal gøre det muligt at finansiere mindre og mellemstore virksomheder inden for industri og tjenesteydelser.
A global loan for 3 million from risk capital will assist in financing SMEs in the industrial and service sectors.
Cypern I Cypern gik et lån på 10 mio til en udvidelse af Limassols renseanlæg.
Cyprus A loan of 10 million was provided in Cyprus to extend the sewerage system in the town of Limassol.
Desuden blev der bevilget 16 sublån på 4 mio under de løbende globallån.
In addition, sixteen allocations to­talling 4 million were made under global loans.
Tyrkiet det tredje lån gik til sammenkoblingen af det tyrkiske og syriske højspændingsnet via en højspændingsledning mellem Ataturkdæm­ningen i det sydlige Tyrkiet og Aleppo i den nordlige del af Syrien (14 mio).
interconnection of the Turkish and Syrian electricity networks by constructing a trans­mission line between the Atatürk dam in Southern Turkey and Aleppo in Northern Syria (14 million).
Dette pro­jekt indgår i et mere omfattende program for etablering af et sammenkoblet højspæn­dingsnet omkring hele Middelhavet.
This project forms part of a larger scheme aimed at establishing an in­terconnected grid around the entire Mediter­ranean rim.
I Tyrkiet gik den samlede långivning på 94 mio inden for rammerne af det horisontale samarbejde, der indgår i den fornyede mid­delhavspolitik, til projekter af regional inter­esse til gavn for miljøet.
Turkey In Turkey, loans of 94 million granted under the horizontal cooperation component of the Redirected Mediterranean Policy benefited projects of regional and environmental im­portance.
To af disse projekter forbedrer forvaltningen afvandressourcerne (80 mio), idet de sigter mod at udbygge kloak­ og spildevandsbehandlingsfacilite­terne i byerne Ankara og Antalya, medens
Two helped finance waste water management (80 million), improving sew­age collection and treatment in the cities of Ankara and Antalya, while a third was for
Lånene i Central­ og Østeuropa var på i alt 1 005 mio, fordelt på ti lande, herunder for første gang Albanien.
A total of 1 005 million was made avail­able in ten countries in Central and Eastern Europe, including, for the first time, Albania.
Flere af disse investeringer sigter mod en di­rekte forlængelse af de transeuropæiske net. Det gælder især i Polen jernbanelinien Ber­lin­Warszawa­Minsk­Moskva, vejafsnit i Al­banien og rørledningen for forsyning af det europæiske net med russisk naturgas i Slo­vakiet.
Several of the projects concerned are direct extensions of trans­European networks, namely the Polish section of the railway line on the Berlin ­ Warsaw ­ Minsk ­ Moscow route, sections of road in Albania and, in the Slovak Republic, the pipeline supplying Russian gas to the European network.
973 mio stilledes til rådighed ifølge styrel­sesrådets beslutning af maj 1 994, der be­myndiger EIB til at yde lån i disse lande på indtil 3 mia med garanti fra Unionen. Hertil kommer 32 mio i Slovenien ifølge den fi­nansprotokol, der trådte i kraft i 1993.
The bulk of funds (973 million) was pro­vided under the Decision of the Board of Governors of May 1 994 authorising the EIB to mount operations in these countries up to an amount of 3 billion, guaranteed by the Community, while the balance of 32 million was advanced in Slovenia under the finan­cial protocol that came into force in 1993.
Endelig stillede EIB globallån til rådighed i seks lande (315 mio), nemlig med henblik på finansiering af virksomheder i såvel den offentlige som den private sektor, samt for projekter for miljøbeskyttelse og energibe­sparelser.
In addition, global loans totalling 315 million were granted in six countries to fi­nance public and private­sector enterprises and projects promoting environmental pro­tection and energy saving.
Central­og Østeuropa 1991­1995 3 449 mio
CEEC:1991­1995 3 449 million
Lidt over to tredjedele (690 mio) gik til en udbygning af de grundlagsinfrastrukturer, der er en forudsætning for en styrkelse af landenes økonomiske udvikling, nemlig in­den for transport (270 mio), telekommunika­tion (1 30 mio) og energi (290 mio).
Just over two thirds of the total (690 million) was deployed to strengthen the basic infra­structure necessary to raise the economic development of these countries : transport
Tjekkiet I Tjekkiet var långivningen (260 mio) fordelt på energi (200 mio) og transport (60 mio).
Czech Republic Loans totalling 260 million were advanced for projects in the energy and transport sec­tors (200 and 60 million respectively).
EIB bidrager til et omfattende program for installering af anlæg for bekæmpelse af luft­forureningen i de seks største brunkulsfyrede kraftværker i landet nær forekomsterne i det nordlige Bøhmen.
The EIB is contributing to a major programme to install anti­pollution equipment in six of the country's largest lignite­fired power stations situated close to deposits in Northern Bohemia.
I transportsektoren frem­mede Banken forbedringer af det overord­nede vejnet, der er en forudsætning for lan­dets økonomiske udvikling.
In the transport sector, improve­ment of the arterial road network is a prior­ity for economic development.
Det bevilgedes til en gruppe fi­nansielle formidlere og skal indgå i finansie­ringen af virksomheder i produktionssekto­ren, anlæg for miljøbeskyttelse og energi­besparelser samt infrastrukturer, der gen­nemføres af såvel den offentlige som den private sektor.
The latter, granted to a group of financial institutions, will help fund not only businesses in produc­tive sectors but also environmental protec­tion and energy­saving equipment together with infrastructure set in place by both the public and private sectors.
Det vil derved bidrage til at forbedre de ungarske virksomheders kon­kurrenceevne og infrastrukturernes kvalitet. Hertil kommer 11 sublån (24 mio), især in­den for turisme og næringsmidler.
It will thus serve to improve the competitiveness of Hungarian enterprise and the standard of infrastruc­ture.
Rumænien I Rumænien beløb den samlede långivning sig til 175 mio. Den var fordelt på en moder­nisering af telenettene (80 mio), eltrans­missions­ og ­distributionsnettene samt istandsættelsen af et kraftvarmeværk i det sydlige Bukarest.
Romania Loans totalling 175 million were granted in Romania in 1 995. They are contributing to modernisation of the telecommunications network (80 million) and power grid plus rehabilitation of the combined heat and power generating station in South Bucharest.
Desuden fremmede Ban­ken istandsættelsen og udvidelsen af havnen i Constanta efter en stormskade.
Bank finance also supported repair and en­largement of the port of Constanta, which was partly destroyed by a storm.
Endelig blev der bevilget 15 mio i sublån under glo­ballån.
Finally, 15 million was made available in the form of global loan allocations.
FINANSIERINGSBIDRAG UDEN FOR UNIONEN 1991­1995 Fordeling på lande og brancher
FINANCING PROVIDED OUTSIDE THE EUROPEAN UNION 1991 - 1995 Geographical and sectoral breakdown
' Industri, landb'ug og tjenesteydelser B Globallån
' Industry, agriculture, services
Central­ og Østeuropa: 3 449 mio
Pacific : 88 million
I I Stillehavet: 88 mio
CEEC : 3 449 million
Slovenien I Slovenien, hvor hovedformålet ifølge den løbende finansprotokol er udbygning af in­frastrukturerne for transport, bevilgede Ban­ken 32 mio til det videre anlæg af motorve­jen mellem Ljubljana og Celja, som forbed­rer kommunikationen mellem den østlige og den vestlige del af landet.
Slovenia In Slovenia, where strengthening of the transport infrastructure has been assigned priority under the current financial protocol, a loan of 32 million was granted to continue construction of the motorway link between Lubljana and Celje, facilitating communica­tions between the east and the west of the country.
Slovakiet Ud over et lån til modernisering og udvi­delse af det gasnet, der fører russisk gas frem til Vesteuropa (30 mio), ydede Banken et globallån (50 mio) til finansiering af virk­somheder inden for industri og tjenesteydel­ser samt anlæg for miljøbeskyttelse og ener­gibesparelser.
Slovak Republic In the Slovak Republic, as well as a loan of 30 million for modernisation and extension of the gasline network conveying Russian gas to Western Europe, the EIB granted a global loan of 50 million both for assisting industrial or service enterprises and for funding equipment to protect the environ­ment and save energy.
I 1995 blev der bevilget sublån på 8 mio under de løbende global­lån.
Some 8 million was also allocated under global loan finance.
Litauen Opførelsen af en containerterminal i Klai­peda på Østersøkysten modtog et lån på 14 mio, medens et globallån på 5 mio skal gøre det muligt at fremme mindre og mellemstore virksomheder eller etablere anlæg for miljø­beskyttelse og energibesparelser.
Lithuania In Lithuania, the construction of a container terminal in the Port of Klaipeda on the Baltic Sea benefited from a loan of 14 million, while a global loan of 5 million was granted to finance small and medium-sized enter­prises plus energy-saving and environmen­tal protection equipment.
Bulgarien I Bulgarien fortsatte EIB sine bestræbelser for at forbedre transportnettene, hvilket er en forudsætning for landets økonomiske udvik­ling. I 1995 modtog et projekt for istandsæt­telse og omlægning af ca. 900 km hovedvej et lån på 60 mio.
Bulgaria The EIB extended further finance in Bulgaria towards improving the transport networks essential for economic growth. Accordingly, a project to repair and rebuild some 900 km of main roads attracted a loan for 60 mil­lion.
Estland Et globallån (5 mio) stilledes til rådighed for virksomheder inden for industri og tjeneste­ydelser såvel som for investeringer for miljø­beskyttelse og energibesparelser.
Estonia In Estonia, a global loan of 5 million will help finance industrial and service enter­prises and fund investment aimed at protect­ing the environment and saving energy.
Under de løbende globallån modtog to virksomheder sublån på 2 mio.
Two enterprises were allocated a total of 2 mil­lion from current global loans.
Albanien I 1 995 stillede Banken sine første lån til rå­dighed i Albanien.
Albania The EIB advanced loans in Albania for the first time in 1995.
De gik til transportsekto­ren (29 mio), nemlig forskellige afsnit af ve­jen mellem havnebyen Dürres på Adriater­havskysten og Varna på Sortehavskysten, der er af europæisk interesse, samt opførel­sen af en terminal for roll-on-roll-off-skibe i havnen i Durrès.
Financing was made available in the transport sector (29 million), for improving sections of the European road corridor linking the port of Durrës on the Adriatic with the port of Varna on the Black Sea and for constructing a ferry terminal at Durrës.
Hertil kommer et globallån på 5 mio til projekter inden for industri og tjenesteydelser samt anlæg for miljøbeskyt­telse og energibesparelser.
In addition, a global loan of 5 mil­lion was concluded with a view to support­ing industrial and service-sector projects as well as environmental protection and energy-saving equipment.
Tre latinamerikanske lande modtog lån fra Banken (1 20 mio) til spildevandsbehandling og affaldsforvaltning (93 mio) såvel som til infrastrukturer for veje (27 mio).
Γ rojects in eight Asian and Latin American countries signatories to cooperation agree­ments with the European Union attracted loans totalling 288 million.
Peru I Peru skal 27 mio indgå i istandsættelsen af den nordlige del af den panamerikanske ho­vedvej, som er af væsentlig betydning for landets økonomi.
The operations were mounted under the authorisation given by the Board of Governors in February
Argentina I Argentina bevilgede Banken i alt 76 mio til miljøforbedringer i Buenos Aires, nemlig nye anlæg for kloakering, spildevandsbe­handling og behandling af farligt affald.
1 993 to finance capital investment of mutual interest to the country concerned and the Union or involving European partners, up to a maximum of 750 million over a period of three years. By the end of 1995, some 607 million had been advanced
Filippinerne I Filippinerne bidrog Banken til modemise­ringen og udvidelsen af lufthavnen i Davao på Mindanao, nemlig med 25 mio.
Philippines The EIB contributed to modernisation and extension of Davao airport on the island of Mindanao with a loan of 25 million.
Pakistan I Pakistan bevilgede EIB et lån på 24 mio til projekteringen, opførelsen og idriftsættelsen af et vandkraftværk ved Indus i den nordlige del af landet.
Pakistan A loan of 24 million was granted in Pakistan for the design, construction and commission­ing of a hydroelectric power complex on the Indus river in the north­east of the country.
Dette projekt er et led i pro­grammet for udvidelse af elproduktionen.
This project forms part of a programme de­signed to increase electricity generation.
Kina Rammeaftalen med Kina af 6. december 1995 understreger den særlige betydning, der tilkommer samarbejdet om energi og miljøbeskyttelse.
China The framework agreement signed with China on 6 December 1 995 underlines the special importance of cooperation in the fields of energy and environmental protec­tion.
Som et led i aftalens ud­møntning har EIB ydet et lån på 55 mio til fi­nansiering af den havbaserede olie­ og gas­forekomst Ping­Hu samt dels ilandføringen, dels distributionen af naturgas i Pudong nær Shanghai.
It was followed by the signature of a loan of 55 million by the EIB to finance de­velopment of the Ping Hu offshore oil and gas field, conveyance of hydrocarbons to the coast and distribution of natural gas in Pudong, a satellite of Shanghai.
Thailand I Thailand udlånte Banken 18 mio til opførel­sen af en gasrørledning mellem en fore­komst i Den Thailandske Havbugt og det ek­sisterende net.
Thailand The EIB made a further loan of 1 8 million to­wards construction of the pipeline linking a gas field in the Gulf of Thailand to the exist­ing gas grid.
Indonesien I Indonesien modtog opførelsen af en gas­rørledning fra Syd­ til Centralsumatra samt mellem øerne Sumatra og Batan et lån på 46 mio.
Indonesia In Indonesia, the laying of a gas pipeline linking the islands of Sumatra and Batan as well as central and southern Sumatra at­tracted a loan of 46 million.
5C00 modninger om udbetalinger på lån gennem en aktiv tilstedeværelse på de forskellige markeder såvel som en øget anvendelse af dels emissioner
Medium and long­term borrowings on the markets in 1995 totalled 12 429 million, compared to 14 156 million in 1994. ♦ The EIB accommodated loan disbursement requests through its active presence on the various markets and greater recourse to floating­rate issues and swap operations. ♦ Funds raised, after swaps, amounted to 12 395 million, of which 7 058 million at fixed rates and 5 337 million at Community currencies accounted for over four fifths of the total raised.
LÅNTAGNINGEN PÅ DE FINANSIELLE MARKEDER
EIB BORROWING OPERATIONS ON THE FINANCIAL MARKETS
Næsten alle disse midler tilvejebragtes med henblik på afholdelse af udbetalinger på lån.
Almost all the resources raised by the EIB were deployed in loan disbursements.
Til finansiering af førtidige indfrielser af optagne lån emitterede Banken kun 478 mio mod 1 997 mio året før, idet en betydelig cashflow i visse valutaer gjorde det muligt for EIB at anvende sin likviditet (615 mio).
The volume of issues intended to finance early redemptions fell sharply : 478 million in 1995 compared with 1 997 million in 1 994; appreciable cash flow in certain cur­rencies enabled the EIB to draw on its liquid holdings (615 million).
Tilvejebragte midler 1991­1995
Breakdown of resources raised from 1991 to 1995
Kapitalmarkederne var forholdsvis gunstige for EIB i 1 995.
Conditions on the capital markets were com­paratively favourable for the EIB in 1995.
Således gjorde opbremsnin­gen af den økonomiske vækst, det moderate inflationspres og styrkelsen af USD på valu­tamarkederne i andet halvår de finansielle markeder modtagelige.
A slowdown in economic growth, subdued inflationary pressures and appreciation of the USD on the forex market during the sec­ond half increased the receptiveness of the financial markets.
Endvidere bidrog investorernes udækkede efterspørgsel efter især papirer fra emittenter med kreditvær­digheden AAA, der tiltog fra tredje kvartal, til at gøre EIB's emissioner specielt tiltræk­kende.
Moreover, with unsatis­fied demand from investors, particularly for paper issued by "AAA" borrowers, a situa­tion that became more acute from the third quarter, EIB issues gained added appeal.
Særlig det internationale marked, som EIB tilvejebringer hovedparten af sine midler på, oplevede en markant stigning i det samlede emissionsbeløb.
This was particularly true of the international market on which the Bank raises the major­ity of its funds and where the total amount is­sued grew significantly.
Som i de foregående år fandt hovedparten af låntagningen sted i EU­valutaer (9 712 mio i 1995 mod 10 107 mio året før), idet deres andel efter swapforretninger udgjorde knap 86%.
The breakdown of currencies borrowed con­firms, as in previous years, the predomi­nance of Community currencies (9 712 million in 1995 compared with 10 107 million in 1 994), accounting, after swaps, for over 86% of the total.
Heri indgår en ikke ubetydelig del lån i tredjelandes valutaer, der ombytte­des med EU­valutaer.
This allows for the not insignificant proportion of borrowings denominated in non­EU currencies swapped against European Union currencies.
EIB emitterede lån i ecuer og 1 1 EU­valutaer. ITL og DEM var de mest anvendte med andele på henholdsvis 27% og 19,3%. FRF's andel aftog.
The EIB issued paper in ECU and in eleven of the Union currencies.
Blandt tredjelandenes valutaer udbyggede JPY sin andel, medens USD tabte terræn.
As for non­Community currencies, the share of the JPY increased whilst that of the USD declined.
Mellem­ og langfristede forretninger
Medium and long­term operations j
:'j Offentlige lån
Public issues
Den gennemsnitlige løbetid for de tilveje­bragte midler var syv år, hvilket imidlertid dækker over betydelige forskelle fra valuta til valuta, nemlig fire år for USD og 1 8 for GBP.
The Bank undertook 68 operations in 1995, comprising 60 public offerings and 8 private placements (73 operations in 1994 broken down into 59 public borrowings and 14 pri­vate placements).
Med henblik på opnåelse af de fornødne midler indgik EIB swapforretninger (¡f. fabel 15 s. 59), hvorefter den samlede middeltil­vejebringelse beløb sig til 12 395 mio mod 14 148 mio i 1994.
In order to command resources tailored to its requirements, the EIB mounted swap opera­tions (see Table 15, page 59) such that the total amount of funds raised in 1995 came to 12 395 million compared with 14 148 million in 1994.
Hovedparten var fast forrentet (7 058 mio mod 10 636 mio i 1994).
As in the past, fixed­rate borrowings comprised the bulk of funds raised (7 058 million compared with 10 636 million in 1994).
De variabelt forrentede midlers an­del tiltog betydeligt i forhold til året før, nem­lig til over 40% (5 337 mio mod 3 512 mio i 1994). En stor del af låntagningen fandt sted i fire valutaer (ITL, ESP, PTE og GRD).
The proportion of floating­rate resources climbed significantly year­on­year to over 40% of total borrow­ings (5 337 million compared with 3 51 2 million in 1994); a sizeable share was tapped in four currencies (ITL, ESP, PTE, GRD).
MIDLER
­ RESOURCES
UDVIKLINGEN PA KAPITALMARKEDERNE
CAPITAL MARKET TRENDS
Som helhed var 1 995 et overordentlig gunstigt år på obligationsmarkederne i de førende OECD­lande trods de turbulenser, der kendetegnede markederne i første halvår.
Viewed as a whole, 1 995 was a very good year for bond markets in the main OECD coun­tries in spite of the turmoil which unsettled markets during the first half of the year.
Obligati­onsafkastene faldt markant, medens emissionsomfanget på de primære markeder fortsatte sin stigning.
Bond yields fell steeply whilst the volume of new issues continued to rise.
Den positive stemning på obligationsmarkederne skyldtes hovedsagelig opbremsningen af den økonomiske aktivitet, det aftagende inflationspres og talrige landes vilje til at sanere de­res budgetsituation.
The favourable climate on bond markets can be attributed primarily to the slowdown in eco­nomic activity, alleviation of inflationary pressures and numerous countries' determination to redress their budgetary positions.
Centralbankerne så sig således i stand til at opbløde den monetære po­litik, hvilket udløste et markant fald i den korte rente og en forstærkning af rentekurvens ne­gative stigning på de førende markeder.
Central banks were able to relax their monetary policy, prompting a marked drop in short-term interest rates and a steepening in the yield curve on the main markets.
I 1995 faldt obligationsafkastene med over 150 basispoint, ligesom aktiemarkederne generelt var præget af en positiv tendens.
Bond yields fell by over 150 basis points during 1 995 and stock markets were generally bullish.
I andet halvår fik den faldende rente og de aftagende spændinger på valutamarkederne ef­ter turbulenserne først på året talrige investorer til at øge deres positioner på de såkaldte pe­rifere markeder (markeder med højt afkast), hvilket medførte en mærkbar reduktion af for­skellene i afkastene på de centrale og de perifere markeder.
In the second half of the year, the driftdown in interest rates and an easing of tension on currency markets after the upheavals earlier in the year encouraged a good many investors to increase their positions on emerging (or high-yielding) markets, resulting in a significant narrowing in bond yield differentials between core and emerging markets.
Trods de gunstige forhold steg emissionsomfanget på de internationale markeder kun med 5% i forhold til 1994, nemlig til modværdien af ca. 470 mia USD.
Despite the propitious environment, the volume of bonds issued on international markets ex­panded by only 5% compared with 1994, climbing to the equivalent of some USD 470 billion.
Denne beskedne frem­gang kan for en del tilskrives indsnævringen af marginalerne i forbindelse med swapforret­ninger, der i høj grad reducerede arbitragemulighederne.
This modest rise can be explained, in part, by a narrowing of spreads on swap operations, which considerably reduced scope for arbitrage.
Obligationsmarkedet var i øvrigt udsat for en betydelig konkurrence fra markedet for bankkreditter.
Moreover, the bond mar­ket found itself in strong competition with bank lending activity.
Således faldt margina­lerne på det internationale marked for bankkreditter i 1 995 til det laveste niveau nogensinde på grund af den overordentlig store likviditet i bankvæsenet, hvilket medførte, at middeltilve­jebringelsen i form af internationale banklån steg med over 30% i 1995.
Margins on the international bank lending market fell to all-time lows in 1 995 owing to the very sizeable pool of liquidity in the banking system and the volume of funds raised through international bank borrowings leapt by over 30% in 1995.
Låntagernes struktur på de internationale obligationsmarkeder forblev stort set uændret i for­hold til året før.
The USD (35%), JPY and DEM accounted for 75% of total market volume, thereby confirming their dominant position in international bond issuance.
Bankerne og finansieringsinstitutionerne udgør fortsat den førende gruppe låntagere med en tredjedel af emissionerne, tæt efterfulgt af industri­ og erhvervsvirksomhe­derne.
The pattern of borrowers on international bond markets was virtually unchanged in 1 995 in relation to 1 994. Banks and financial institutions still constituted the largest group, issuing one third of the total, closely followed by industrial and commercial companies.