natgillin/translations-raw huggingface dataset:
(‘BdB’), an association representing private banks established in Germany, informed the Commission that, as at the close of 31 December 1992, Wohnungsbau Kreditanstalt Berlin (‘WBK’) had been transferred, with its assets, to Landesbank Berlin — Girozentrale (‘LBB’), while the tasks previously assigned to WBK had been transferred to the recently set-up Investitionsbank Berlin (‘IBB’), which was operating as a division of LBB.
(“BdB”) komisjonile muuhulgas, et 31. detsembri 1992. aasta seisuga anti Wohnungsbau-Kreditanstalt Berlin (“WBK”) koos varadega üle Landesbank Berlin – Girozentrale’le, kusjuures WBK-le eelnevalt antud ülesanded anti üle eelnevalt asutatud ja seni Landesbank Berlin’i osakonnana tegutsenud Investitionsbank Berlin’ile (“IBB”).
This increased the own funds at LBB's disposal, and, in the BdB's view, distorted competition in LBB's favour since the parties had not agreed any remuneration which might be in line with the principle of the market-economy investor.
BdB arvates moonutas Landesbank Berlin’i omavahendite suurendamine konkurentsi viimase kasuks, sest ei lepitud kokku hüvitises, mis olnuks kooskõlas turumajanduslikult tegutseva investori põhimõttega.
In its second letter, the BdB accordingly lodged a formal complaint and called on the Commission to initiate proceedings against Germany under Article 93(2) of the EC Treaty (now Article 88(2)).
Teises kirjas esitas BdB ametlikult kaebuse ja palus komisjoni alustada menetlust Saksamaa vastu EÜ asutamislepingu artikli 93 lõike 2 alusel (praegu artikli 88 lõige 2).
The complaint also related to similar transfers of assets to Westdeutsche Landesbank, Norddeutsche Landesbank, Landesbank Schleswig-Holstein, Hamburger Landesbank and Bayerische Landesbank.
Kaebuse sisuks oli varade samalaadsed üleandmised pankadele Westdeutsche Landesbank, Norddeutsche Landesbank, Landesbank Schleswig-Holstein, Hamburger Landesbank ja Bayerische Landesbank.
In February and March 1995 and December 1996 several banks associated themselves individually with the complaint lodged by the BdB.
aasta veebruaris ja märtsis ning 1996. aasta detsembris ühinesid mitmed pangad BdB esitatud kaebusega.
The Commission first examined the transfer of assets to WestLB.
Komisjon uuris kõigepealt vara üleandmist WestLB-le.
In Decision 2000/392/EC finally adopted in 1999, it found that the difference between the remuneration paid and the normal market remuneration constituted state aid which was incompatible with the common market, and ordered its recovery.
aasta otsuses 2000/392/EÜ märkis komisjon, et makstud hüvitise ja turutingimustele vastava tulususe vahe on ühisturuga kokkusobimatu abi, mis tuleb saajalt tagasi nõuda.
This decision was annulled by the Court of First Instance of the European Communities in a judgment handed down on 6 March 2003 for not giving sufficient reasons as regards two of the factors used to calculate the appropriate remuneration, but it was confirmed in all other respects.
Euroopa Ühenduste Esimese Astme Kohus tühistas 6. märtsi 2003. aasta otsusega komisjoni otsuse hüvitise suuruse määramist käsitleva kahe punkti ebapiisava põhjendatuse tõttu, muus osas aga kinnitas seda täielikult.
At the same time as the decision in the present proceedings, and having been informed of an understanding between the complainant and all seven Landesbanks concerned, the Commission is adopting a new decision taking account of the Court's criticisms.
Samaaegselt kõnealuse otsusega ning olles teadlik kaebuse esitaja ja menetlusega seotud seitsme liidumaa panga kokkuleppest, teeb komisjon uue otsuse, milles on järgitud kohtu kriitikat.
On 1 September 1999 the Commission sent Germany a request for information on the transfers of assets to the other Landesbanks, including LBB.
Komisjon edastas 1. septembril 1999. aastal Saksamaale teabenõude vara kohta, mis oli üle antud teistele liidumaade riiklikele pankadele, sealhulgas pangale Landesbank Berlin (“LBB”).
By letter of 8 December 1999, Germany submitted information on the transfer of WBK to Landesbank Berlin, which it supplemented by letter of 22 January 2001.
Saksamaa vastas 8. detsembri 1999. aasta ja 22. jaanuari 2001. aasta kirjadega, milles esitas teabe WBK üleandmise kohta LBB-le. Saksamaa ja komisjoni esindajad arutasid üleandmise küsimusi ja igasuguse abi võimalikku tagasinõudmist seoses Bankgesellschaft Berlin AG’le (“BGB”) antud ümberkorraldamisabi kontrollimisega.
Representatives of Germany and the Commission also discussed the question of the transfer and possible recovery of any aid in connection with the examination of restructuring aid to Bankgesellschaft Berlin (‘BGB’), to which Landesbank Berlin has belonged since 1994.
Landesbank Berlin kuulub BGB-le alates 1994. aastast.
By letter of 2 July 2002, the Commission informed Germany of its decision to initiate the procedure laid down in Article 88(2) of the EC Treaty in respect of the aid.
Komisjon teatas Saksamaale 2. juuli 2002. aasta kirjas oma otsusest algatada abi suhtes menetlus asutamislepingu artikli 88 lõike 2 alusel.
After having requested, and been granted, an extension of the deadline, Germany submitted its comments and provided additional information by letter of 9 September 2002.
Pärast taotletud ja saadud tähtajapikendust esitas Saksamaa 9. septembril 2002. aastal kirjalikult oma selgitused ja lisateabe.
Further questions were discussed at meetings with representatives of Germany on 27 September 2002.
Edasisi küsimusi arutati Saksamaa esindajatega 27. septembri 2002. aasta kohtumistel.
The Commission decision to initiate the procedure was published on 4 October 2002 in the Official Journal of the European Communities.
Komisjoni menetluse algatamise otsus avaldati 4. oktoobril 2002Euroopa Ühenduste Teatajas.
The Commission called on interested parties to submit comments.
Komisjon palus teistel huvitatud isikutel esitada märkusi.
It received comments from a competitor and from the BdB, which it forwarded to Germany for its opinion in November 2002.
Ühe konkurendi ja BdB märkused edastati 2002. aasta novembris Saksamaale arvamuse avaldamiseks.
Germany replied by letter of 16 December 2002.
Saksamaa vastus saabus 16. detsembril 2002. aastal.
At the Commission's request, Germany sent further details about the potential aid by letters of 22 and 27 January, 28 February and 19 August 2003.
Komisjoni nõudmisel esitas Saksamaa täiendavaid andmeid potentsiaalse abi kohta 22. ja 27. jaanuari, 28. veebruari ja 19. augusti 2003. aasta kirjades.
By decision of 18 February 2004, the Commission approved the restructuring aid for Bankgesellschaft Berlin AG, to which LBB belongs.
Komisjoni 18. veebruari 2004. aasta otsusega anti luba ümberkorraldamisabi andmiseks Bankgesellschaft Berlin AG’le, kuhu kuulub ka LBB.
The decision also covered an agreement concluded on 23 December 2002 by the Land of Berlin and the BGB on the treatment of any claims to repayment brought by the Land of Berlin and arising out of the state aid case at issue here; this agreement was regarded as restructuring aid.
Kõnealune otsus hõlmas ka 23. detsembri 2002. aasta Berliini liidumaa ja BGB vahelist kokkulepet Berliini liidumaa käesoleva riigiabi menetluse tulemusena potentsiaalselt esitatavate tagasimaksenõuete käsitlemise kohta. Nimetatud kokkulepet käsitleti kui ümberkorraldamisabi.
By letter of 7 April 2004 the Commission asked Germany for further information on all the Landesbank cases, which Germany sent on 1, 2 and 28 June respectively.
Komisjon palus Saksamaalt 7. aprilli 2004. aasta kirjas täiendavat teavet kõikide liidumaa pankade osas toimuvate menetluste kohta ja sai kirjalikud vastused 1., 2. ja 28. juunil 2004. aastal.
On 31 August 2004 Investitionsbank Berlin (formerly WBK) was hived off from LBB's assets.
Investitionsbank Berlin (endine WBK) eraldati 31. augusti 2004. aasta seisuga LBB varadest.
Germany sent the Commission detailed documentation on the related legal and other provisions on 25 August 2004.
Saksamaa edastas komisjonile sellekohase detailse dokumentatsiooni õiguslike ja muude sätete kohta 25. augustil 2004. aastal.
On 27 September 2004 Germany submitted the draft of an understanding between the complainant (the BdB), the Land of Berlin and Landesbank Berlin, the signed version of which reached the Commission on 8 October 2004.
Saksamaa edastas 27. septembril 2004. aastal kaebuse esitaja BdB, Berliini liidumaa ja Landesbank Berlin’i vahelise kokkuleppe projekti, mille komisjon sai allakirjutatuna kätte 8. oktoobril 2004. aastal.
This understanding covers the appropriate remuneration for the assets transferred to LBB on 1 January 1993.
Kokkulepe käsitleb mõistlikku tasu 1. jaanuaril 1993. aastal LBB-le üle antud osaluste eest.
Similar understandings reached in five other cases involving transfers of assets to Landesbanks were also submitted to the Commission.
Ka ülejäänud viie varade üleandmise juhtumi puhul liidumaade riiklikele pankadele sõlmiti asjaomased kokkulepped, mis edastati komisjonile.
DETAILED DESCRIPTION OF THE MEASURES
MEETMETE ÜKSIKASJALIK KIRJELDUS
LANDESBANK BERLIN — GIROZENTRALE (‘LBB’)
LANDESBANK BERLIN – GIROZENTRALE (“LBB”)
LBB was set up in 1990 and, at the same time, the West Berlin Savings Bank (Sparkasse der Stadt Berlin West) was transferred to it by way of universal succession.
LBB asutati 1990. aastal. Samal ajal anti talle üldõigusjärgluse alusel üle toonane Sparkasse der Stadt Berlin West.
Shortly afterwards, the East Berlin Savings Bank (Sparkasse der Stadt Berlin) was also transferred to LBB.
Mõnda aega hiljem anti LBB-le üle ka linna idaosas asuv Sparkasse der Stadt Berlin.
Since then, the savings bank business in the city of Berlin has been conducted by a separate, legally dependent division of LBB called ‘Berliner Sparkasse’.
Sellest ajast osutab Berliinis hoiukassateenust LBBst juriidiliselt sõltuv osakond “Berliner Sparkasse”..
LBB is a public-law institution (Anstalt des öffentlichen Rechts) for which the Land of Berlin bears institutional and guarantor liability.
LBB on avalik-õiguslik asutus, mille suhtes Berliini liidumaal on avalik-õiguslik rahastamiskohustus ja tagatiseandja vastutus.
At the time of the transfer of WBK at the end of 1992, LBB was solely owned by the Land of Berlin and had a balance-sheet total of some DEM 85 billion and just under 7000 employees.
WBK üleandmise ajal 1992. aasta lõpus oli LBB sajaprotsendiliselt Berliini liidumaa omanduses. LBB bilansimaht oli umbes 85 miljardit Saksa marka ja töötajate arv ligikaudu 7000.
LBB is an all-purpose bank with business in personal and corporate banking (retail banking), real-estate financing and lending to the public sector.
LBB on universaalpank, mis pakub teenuseid nii era- ja juriidilistele isikutele (jaepangandus) kui ka avalik-õiguslikele klientidele, samuti kinnisvara finantseerimise teenust.
It also conducts business abroad.
Pank on tegev ka välismaal.
In 1992 its main line of business was the Berliner Sparkasse's retail business.
aastal oli LBB peamine tegevus Berliner Sparkasse jaepangandusteenused.
Since 1994 LBB has belonged to the BGB group, a group of institutions set up in that year by merging a number of credit institutions previously owned by the Land of Berlin.
Alates 1994. aastast kuulub LBB BGB kontserni, nn “asutuste gruppi”, mis moodustus mitme endise Berliini liidumaa kontrolli all olnud krediidiasutuse ühinemisel.
BGB is the holding company, with an atypical silent partnership which since 1994 has given it about 75 % of the assets and the profits of LBB, with the exception of the central Land promotion institution, IBB.
Valdusfirmana kuulub BGBle alates 1994. aastast ebatüüpiline 75 %-line hääleõiguseta osalus LBB varades ja kasumis, välja arvatud keskne Landes-Förderinstitut IBB.
In 1998 the Land, as LBB's guarantor, made over its claim to a share of LBB's profits to BGB; this made BGB the 100 % beneficial owner.
Liidumaa panga eest vastutajana loobus liidumaa kasuminõudest BGB kasuks, mille tulemusel sai 1998. aastal BGB-st majanduslikus mõttes panga sajaprotsendiline omanik.
Some 6 % of the shares are dispersed among small shareholders.
Teiste isikute osalus on umbes 6 %.
In 2001 BGB found itself in serious difficulty, mainly as a result of high-risk real-estate transactions in the past; its own funds and core capital ratios were insufficient, which meant that supervisory measures might have to be taken by the Federal Banking Supervisory Authority (Bundesaufsichtsamt für das Kreditwesen — ‘BAKred’, now ‘BAFin’).
BGB-d tabas 2001. aastal tõsine kriis, mille põhjuseks olid eelkõige minevikus tehtud riskantsed kinnisvaratehingud, ning teda ohustasid ebapiisavate omavahendite ja kapitali adekvaatsuse nõuete mittetäitmise tõttu krediidiasutuste järelevalve föderaalameti (Bundesaufsichtsamt für Kreditwesen, BAKred, praegu BAFin) järelevalvemeetmed.
In August 2001 it received a capital injection of €2 billion, of which some €1,8 billion came from the Land of Berlin and was initially authorised by the Commission as short-term rescue aid.
Seejärel sai BGB 2001. aasta augustis kapitalieraldise summas 2 miljardit eurot, sellest 1,8 miljardit eurot Berliini liidumaalt, mille komisjon kinnitas esialgu lühiajalise päästeabina.
After new risks were identified, BGB received further assistance from the Land of Berlin, which, together with the capital investment, was notified to the Commission as restructuring aid and examined in detail by it.
Pärast uute riskide avastamist andis Berliini liidumaa BGBle täiendavat abi. Komisjoni teavitati kapitalieraldisest ja täiendavast abist kui ümberkorraldamismeetmest ja komisjon asus neid põhjalikult uurima.
This agreement governs the undertaking given by the Land of Berlin that, in the event of a Commission decision requiring repayment in the present case, it would provide as a contribution to LBB's capital a reorganisation grant to the value necessary to prevent the threatened repayment requirement from forcing LBB or the BGB group, or both, to fall below the minimum capital ratios specified in the agreement.
Komisjoni tagasinõudeotsuse korral näeb leping ette, et Berliini liidumaa kohustub LBB-le andma saneerimisabi sissemakse näol sellises suuruses, mis on vajalik, et vältida tagasimaksekohustuse tõttu kapitali adekvaatsuse määra langemist LBB-s ja/või BGB kontsernis lepingus nimetatud määrast madalamale.
This measure was considered necessary in 2002 in view of the considerable risk represented by possible repayment to the restoration of the BGB group's profitability.
Seda täiendavat meedet peeti 2002. aastal võimaliku tagasinõude olulise riski tõttu vajalikuks, et taastada BGB-kontserni rentaablus.
It was not possible in the BGB decision to determine the precise financial value of the measure as the present proceedings had not yet been completed.
Meetme täpset majanduslikku väärtust ei olnud BGB osas tehtud otsuse raames võimalik kindlaks määrata, sest käesolev menetlus jätkus.
For the purpose of assessing the restructuring aid under the competition rules, and in particular the appropriateness of the compensatory measures proposed by Germany to reduce the group's market presence, the theoretical ceiling for this measure was set at €1,8 billion.
Selleks et hinnata ümberkorraldamisabi konkurentsi seisukohast, eelkõige aga Saksamaa esitatud meetme asjakohasust, mis nägi ette kontserni esindatuse vähendamist turul, arvutati nimetatud meetme teoreetiliseks ülempiiriks 1,8 miljardit eurot.
To sum up, the repayment agreement was taken into account as additional aid to the BGB group in setting Germany's compensatory measures, although its scope was restricted to a situation where the Commission ordered repayment and where this resulted in the bank's capital ratios falling below the levels set in the agreement.
Kokkuvõtvalt tuleb märkida, et tagasimakselepingut käsitati Saksamaa kohustuste ulatust arvesse võttes täiendava abina BGB kasuks, kuigi lepingu rakendamine piirdub komisjoni võimaliku tagasinõudeotsusega ja sellest tingitud kapitali adekvaatsuse näitajate langemisega allapoole lepingus nimetatud määra.
TRANSFER OF WBK TO LBB
WBK ÜLEANDMINE LBB-LE
The restructuring of the Land of Berlin's banking holdings, which culminated in the setting up of the BGB group in 1994, began in 1990 with the setting up of LBB; the savings banks, first of West Berlin and then of East Berlin, were then transferred to LBB.
Berliini osaluste ümberkorraldamise käigus panganduses, mis lõppes BGB kontserni asutamisega 1994. aastal, moodustati 1990. aastal kõigepealt LBB, millele anti üle hoiukassad (Sparkasse) – algul Berliini lääneosas, hiljem idaosas.
In 1992 IBB was set up by, among others, the Land as a public-law institution within LBB which was independent in organisational and economic terms but had no authority to act in its own right; it was to act as the central promotion institution of the Land.
Edasise sammuna otsustas Berliini liidumaa 1992. aastal rajada organisatsiooniliselt ja majanduslikult iseseisva, LBB avalik-õigusliku mitteõigusvõimelise asutusena ja liidumaa edendustegevuse keskasutusena (Förderinstitut) IBB.
WBK had until then been an independent public-law institution, with the Land of Berlin bearing institutional and guarantor liability for it.
WBK oli seni avalik-õiguslik iseseisev asutus, mille rahastaja ja tagatiseandja oli Berliini liidumaa.
It had been assigned a task in the public interest, namely the provision and maintenance of housing.
IBB ülesandeks oli avalikes huvides eluruumide ehitamine ja korrashoid.
WBK was now to be transferred with its tasks to IBB, which was given broader promotion-related assignments, e.g. in the fields of infrastructure and environmental protection.
WBK ja selle ülesanded pidi nüüd antama IBB-le, kusjuures lisandusid uued arendus- ja edendustegevuse ülesanded, nt infrastruktuuri ja keskkonnakaitse valdkonnas.
The transaction took place on 31 December 1992: WBK was transferred to LBB, with all its assets, by way of universal succession.
Tehing toimus 31. detsembri 1992. aasta lõpu seisuga, millega WBK ja selle varad anti üldõigusjärgluse teel üle LBB-le.
This increased LBB's nominal capital by the former nominal capital of the WBK worth DEM 187,5 million.
Ülemineku tulemusel suurendati LBB põhikapitali WBK senise põhikapitali võrra 187,5 mln Saksa marka.
This amount was thereafter no longer attributed to IBB's assets.
Nimetatud summat ei arvestata pärast seda IBB varana.
WBK's revenue reserves stood at DEM 1905800 million on 31 December 1992.
WBK kasumireserv 31. detsembri 1992. aasta seisuga oli 1,9058 mld Saksa marka.
These revenue reserves were and are shown as a special-purpose reserve for IBB.
WBK kasumireserv kajastati ja kajastatakse IBB sihtotstarbelise reservina.
BAKred set LBB's liable equity capital as at 31 December 1992 at DEM 3127714 million, which corresponded to an increase of DEM 1902714 million.
BAKred kinnitas 31. detsembri 1992. aasta seisuga LBB vastutava omakapitalina 3,127714 mld Saksa marka, mis vastas kapitali suurenemisele 1,902714 mld Saksa marga võrra.
BAKred took account of the DEM 187,5 million increase in nominal capital and of WBK's revenue reserves without the net profit for 1992.
Seejuures arvestas BAKred põhikapitali suurenemist 187,5 mln Saksa marga võrra ja WBK kasumireservi, v.a 1992. aasta puhaskasum.
In the years that followed, IBB's liable equity capital in the form of the special-purpose reserve continued to grow.
Järgnevatel aastatel kasvas sihtotstarbelise reservina kajastatud IBB vastutav omakapital pidevalt.
CAPITAL REQUIREMENTS UNDER THE OWN FUNDS AND SOLVENCY DIRECTIVES
OMAVAHENDITE JA MAKSEVÕIME DIREKTIIVIDE KAPITALINÕUDED
The German Banking Act (Kreditwesengesetz, or KWG) was amended for the fourth time in 1993 in line with Council Directive 89/647/EEC of 18 December 1989 on a solvency ratio for credit institutions (the ‘Solvency Directive’) and Council Directive 89/299/EEC of 17 April 1989 on the own funds of credit institutions (the ‘Own Funds Directive’), which require banks to have a level of own funds equal to 8 % of their risk-adjusted assets.
Nõukogu 18. detsembri 1989. aasta direktiivi 89/647/EMÜ (krediidiasutuste maksevõime suhtarvu kohta) (edaspidi “maksevõime direktiiv”) ja nõukogu 17. aprilli 1989. aasta direktiivi 89/299/EMÜ (krediidiasutuste omavahendite kohta) (edaspidi “omavahendite direktiiv”), mille alusel võeti 1993. aastal vastu neljas krediidiasutuste seaduse (“KWG”) muutmise seadus, peab pankade vastutav kapital moodustama 8 % riskiga kaalutud varast.
At least 4 percentage points of that amount must consist of what is termed core capital, or ‘tier 1’ capital, meaning capital items which are at the credit institution's disposal without restriction and immediately in order to cover risks or losses as soon as they arise.
Vähemalt 4 % peavad moodustama esimese taseme omavahendid, milleks loetakse piiramatult ja vahetult krediidiasutuse käsutuses olevat kapitali, mis võimaldaks riske või kahjumit katta kohe, kui need esinevad.
The core capital is of decisive importance because additional capital, or ‘tier 2’ capital, is accepted as underpinning for risk-bearing transactions only up to the amount of the available core capital.
Esimese taseme omavahendid on otsustava tähtsusega, sest teise taseme omavahendeid võetakse panga riskiga seotud tehingute tagatisena arvesse ainult esimese taseme omavahendite ulatuses.
Under the fourth KWG Amending Act, German banks had to adapt their own funds to the new requirements by 30 June 1993.
Neljanda KWG muutmise seaduse raames pidid Saksa pangad uued kapitali adekvaatsuse nõuded täitma 30. juuniks 1993. aastal.
EFFECTS OF THE TRANSFER ON LBB'S CAPITAL BASE
ÜLEANDMISE MÕJUD LBB KAPITALI ADEKVAATSUSELE
According to Germany, the new rules were not the reason for WBK's transfer to LBB as the latter clearly met the new capital requirements even without WBK's revenue reserves.
Saksamaa sõnul ei avaldanud uued nõuded mõju WBK LBB-le üleandmisele, sest LBB täitis ilmselgelt uusi omakapitali nõudeid ka ilma WBK kasumireservita.
However, in the early 1990s a surge in growth was expected as a result of unification especially in Berlin, which would open up the potential for business expansion in the financial sector too.
Siiski lähtuti 90ndate aastate alguses, eelkõige Berliinis, ühinemisest tingitud kasvu hoogustumisest, mis avas ka finantssektoris perspektiive äritegevuse laiendamiseks.
If banks wanted to increase their business volume significantly, a larger capital base was needed, especially in the light of the new solvency rules.
Ent kui pangad soovinuks äritegevuse mahtu oluliselt laiendada, vajanuks nad selleks, eelkõige uusi maksevõime nõudeid arvestades, suuremat omavahendite baasi.
The transfer of WBK gave LBB a considerably stronger capital base for its commercial, competitive lending business, allowing it to extend its operations significantly.
WBK üleminekuga kasvasid LBB konkurentsile orienteeritud kommertslaenutegevuseks vajalikud omavahendid märkimisväärselt, mis võimaldas tegevust oluliselt laiendada.
LBB paid or pays 0,25 % on average for calling on IBB's special-purpose reserve, but only on the amount actually used.
LBB tasus või tasub keskmiselt 0,25 % IBB sihtotstarbelise reservi kasutamise eest tegelikult kasutatud summalt.
Payment is made not to the Land of Berlin, but to IBB.
Tasutakse IBB-le, mitte Berliini liidumaale.
Account should be taken of the fact that the part of IBB's special-purpose reserve which could be used as liable equity capital was far higher than the amount actually used.
Tuleb arvestada, et IBB sihtotstarbelise reservi osa, mida sai kasutada vastutavate omavahenditena, oli oluliselt suurem kui kasutatud summa.
Recourse was had to it for the first time in 1995.
Kasutamist alustati alles 1995. aastal.
The starting point for the investigation was the principle of the market-economy investor.
Kontrollis lähtuti turumajanduslikult tegutseva investori põhimõttest.
According to this principle, the fact that undertakings are publicly owned and receive funding from the public authorities does not in itself constitute state aid.
Selle põhimõtte kohaselt ei ole asjaolu, et äriühing on riigi omandis ja et talle eraldatakse vahendeid, iseenesest riigiabi.