natgillin/translations-raw huggingface dataset:
It would verify whether there is any hope to make that company sufficiently profitable one day.
2009. aasta 1. aprillil toimunud koosolekul kiitis SACE juhatus heaks SACE osalemise ettevõtja SACE BT kahju ülemmäära lepingus summas, mida ei katnud turu edasikindlustusandjad, kuni 48 miljoni euro suuruse kahju ulatuses samadel tingimustel, millega olid nõustunud eraõiguslikud edasikindlustusandjad.
The Commission observes that no financial forecasts showing the way to profitability were made in 2009.
Selline SACE BT toetuseks võetud meede aitas ettevõtjal säilitada kindlustussuutlikkuse, eriti väikeste ja keskmise suurusega ettevõtjate jaoks [148].
A prudent investor would not invest a large amount of additional capital into the company in such circumstances.
Kokkuvõttes näitab põhjendustes 177, 178 ja 179 esitatud komisjoni hinnang, et SACE on rangelt seotud Itaalia riigiasutustega ja seda kasutatakse tavaliselt riigi pädevusse kuuluvate majandusküsimuste rakendamiseks.
SACE argues that SACE BT was still in a start-up phase and thus, it was more difficult for the company to cope with the effects of the financial crisis.
Võttes arvesse ka käsitletavate meetmete majanduslikku ja poliitilist olulisust ja püsivaid tihedaid sidemeid riigi ja SACE vahel, leiab komisjon, et olemas on piisavalt tegureid, et pidada teist, kolmandat ja neljandat meedet riigile omistatavaks.
First, the Commission observes that the year 2008, when the crisis broke out, was already the fourth year of activity for SACE BT.
Valikulisus
From the Commission's practice, a company is in principle considered as newly created for the first three years following the start of operations in its relevant field of activity [127].
Teise meetme suhtes võtab komisjon teadmiseks Itaalia esitatud teabe, et ettevõtjal SACE oli võimalus sõlmida edasikindlustus- või kaaskindlustuslepingud teiste eraõiguslike kindlustusandjatega peale SACE BT vastavalt SACE siseeeskirjadele [149].
Secondly, even if it had been true that SACE BT was still in a start-up phase, it is not clear what effect this would have had on the application of the MEIP.
Sellest sättest hoolimata ei tõestanud Itaalia, et SACE oleks võinud pakkuda edasikindlustust kõikidele eraõiguslikele kindlustusandjatele samadel tingimustel.
Indeed, a private investor would still compare the expected market value of the company post-recapitalisation (based on its expected profitability) and compared it with the option of letting the company fail or sell it.
Igal juhul on tõestatud, et ta sõlmis edasikindlustuslepingu ainult ettevõtjaga SACE BT ning tingimustel, mis ei vastanud turutingimustele.
Italy and SACE did not demonstrate that, because SACE BT would still be in a start-up phase, SACE could expect from it a higher profitability in the future.
Seetõttu ei ole kahtlust, et see konkreetne ettevõtjaga SACE BT seoses võetud meede on valikuline.
As indicated in recital 77, the only business plan available at the time just showed a return to break-even accounts in 2011.
Kolmanda meetme puhul oli tegevus suunatud vaid ühele ettevõtjale, milleks oli SACE BT.
It did not show a return to profits.
Seetõttu oli meede valikuline.
The Commission therefore concludes that the third and the fourth measures constitute an advantage to SACE BT, by providing it with capital it could not have found on the market.
Neljanda meetme puhul oli tegevus suunatud vaid ühele ettevõtjale, milleks oli SACE BT.
This capital allowed the company to survive despite the lack of projections indicating that it would produce profits, not even in the long-term.
Konkurentsi kahjustamine
Imputability and State resources
Teine meede võimaldas ettevõtjal SACE BT sõlmida rohkem kindlustuslepinguid, kui tal oleks olnud võimalik sõlmida ilma ettevõtja SACE antud edasikindlustuseta, ning kanda ise vähem riske.
In recitals 73-78 of the opening decision, the Commission applied the ‘Stardust Marine’ [128] indicators to prove the imputability of the measure, taking into consideration that SACE is fully owned by the State.
Seetõttu järeldab komisjon, et teine meede kahjustas konkurentsi [150].
According to settled case-law (see, in particular, the Stardust Marine judgment), even if the State is in a position to control a public undertaking and to exercise a dominant influence over its operations, actual exercise of that control in a particular case cannot be automatically presumed.
Kolmanda ja neljanda meetme kohta sätestatakse ekspordikrediiti käsitleva teatise punktis 3.2, et riigiabi sisaldav riigipoolne kapitali eraldamine teatavatele ettevõtjatele, kui ettevõtja ei tegutsenud eraõigusliku turumajanduse tingimustes tegutseva investorina, kahjustab konkurentsi [151].
Consequently, it is necessary to determine whether the public authorities must be regarded as having been involved in any way in the adoption of the measures at stake.
Komisjonil oli sügavaid kahtlusi, kas SACE BT oleks tavatingimustes, kui SACE poleks meetmeid võtnud, tegutsemist jätkanud.
Nonetheless, according to the Stardust Marine judgment:
On tõenäoline, et ilma selle kapitalita poleks SACE BT suutnud täita õiguslikke kapitalinõudeid ja oleks muutunud maksujõuetuks.
It cannot be demanded that it be demonstrated, on the basis of a precise inquiry, that in the particular case the public authorities specifically incited the public undertaking to take the aid measures in question.
Nagu on aga näidatud tabelis 6, suurendas ta oluliselt oma esindatust turul.
In the first place, having regard to the fact that relations between the State and public undertakings are close, there is a real risk that State aid may be granted through the intermediary of those undertakings in a non-transparent way and in breach of the rules on State aid laid down by the Treaty.
Seega kahjustasid kolmas ja neljas meede konkurentsi.
Moreover, it will, as a general rule, be very difficult for a third party, precisely because of the privileged relations existing between the State and a public undertaking, to demonstrate in a particular case that aid measures taken by such an undertaking were in fact adopted on the instructions of the public authorities.
Mõju kaubandusele
For those reasons, it must be accepted that the imputability to the State of an aid measure taken by a public undertaking may be inferred from a set of indicators arising from the circumstances of the case and the context in which that measure was taken.’
Ekspordikrediidikindlustuse turg ja muud kindlustusteenused, kus SACE BT tegutseb, on avatud liikmesriikidevahelisele kaubandusele ja liidus tegutseb palju osalisi eri liikmesriikidest.
Subsequently, the Court has indicated the following indicators allowing to infer the imputability to the State of a measure taken by a public undertaking:
Itaalias konkureerib SACE BT välisfirmade tütarettevõtjatega (vt tabel 6).
the fact that the undertaking in question could not take the contested decision without taking account of the requirements of the public authorities;
Tabel 6
the fact that, apart from factors of an organic nature which linked the public undertakings to the State, a public undertaking, through the intermediary of which aid had been granted, had to take account of directives issued by a central government body, i.e. Comitato Interministeriale per la Programmazione Economica (CIPE);
SACE BT positsioon Itaalia krediidikindlustuse ja garantiide turul (%) Allikas:
the nature of the undertaking's activities and whether such activities are exercised out on the market in normal conditions of competition with private operators;
Muud
the legal status of the undertaking (in the sense of its being subject to public law or ordinary company law);
Sellest lähtuvalt ning kooskõlas ekspordikrediiti käsitleva teatise punktiga 3.2 mõjutab ettevõtjale antud mis tahes eelis kaubandust.
the intensity of the supervision exercised by the public authorities over the management of the undertaking, or (vii) any other indicator showing, in the particular case, an involvement by the public authorities in the adoption of a measure or the unlikelihood of their not being involved, having regard also to the compass of the measure, its content or the conditions which it contains.
Komisjoni 15. detsembri 2006. aasta määruse (EÜ) nr 1998/2006, milles käsitletakse asutamislepingu artiklite 87 ja 88 kohaldamist vähese tähtsusega abi suhtes, kohaldamine [153] (edaspidi „vähese tähtsusega abi määrus”)
The Commission further concluded in recital 79 of the opening decision that it was highly unlikely that the measures under investigation had been adopted without any State involvement.
Määruses (EÜ) nr 1998/2006 määratakse kindlaks künnis, alla mille jäävaid abimeetmeid ei peeta vastavaks aluslepingu artikli 107 lõike 1 kriteeriumidele ja seega ei ole nendest vaja teatada vastavalt aluslepingu artikli 108 lõikele 3.
In reply to the opening decision, Italy and SACE maintain that none of the four measures is imputable to the State as the decisions were taken by SACE acting in complete independence from the State.
Võttes arvesse ettevõtjale SACE BT antud abi suurust, ei ületa see vähese tähtsusega abi määruses sätestatud 200000 euro künnist üksnes teise meetme puhul.
Italy provided additional factual elements and justification arguing that the measures are not imputable to the State.
Põhjenduses 128 on komisjon välja arvutanud, et teise meetme abisumma on 156000 eurot.
To assess the case-law invoked by Italy, it has to be noted that in the Olympic Airways case, the Commission decision mentioned the ‘Stardust Marine’ criteria but did not really apply them.
Itaalia aga ei osutanud määrusele (EÜ) 1998/2006 ja ei tõestanud, et teise meetme andmise ajal vastas SACE BT selles määruses sätestatud tingimustele.
The Court observed that in fact the Commission simply assumed the measure was attributable to the Greek State, without mentioning any reasons which might support its assumption [129].
Lisaks ei kohaldata määrust (EÜ) nr 1998/2006 raskustes ettevõtjate suhtes.
The Court therefore found the Commission's reasoning insufficient to establish imputability to the case, not that the measure was in itself not imputable.
Itaalia ei pidanud ettevõtjat SACE BT raskustes ettevõtjaks kooskõlas päästmise ja ümberkorraldamise suunistega [154].
As regards the SIC-RTP judgment [130], evoked by the Italian authorities, the Commission notes that in that judgment the CFI confirmed the Commission's assessment that certain contested decisions of the formerly State owned company Portugal Telecom (consisting in the acceptance of late payments of the network fee by the public broadcaster RTP) were not imputable to the State.
Itaalia aga ei ole esitanud piisavalt tõendeid selle seisukoha toetamiseks.
However, the CFI judgment was based on the specific circumstances of that case.
Nagu on sätestatud päästmise ja ümberkorraldamise suunistes, on kahjumi suurenemine, liigne maht ja langeva väärtuse või nullväärtusega varad tavalised märgid selle kohta, et ettevõtja on raskustes.
In particular, in the SIC-RTP case the CFI noted — inter alia — that the applicant did not contest the Commission's assessment that the payment facilities were mainly caused by a dispute between RTP and Portugal Telecom as to the level of the network fee [131].
SACE BT teenis nii 2008. kui ka 2009. aastal märkimisväärset kahjumit (vastavalt 29,5 miljonit eurot ja ligikaudu 34 miljonit eurot), millest lähtuvalt sekkusid osanikud mahuka rekapitaliseerimisega.
Moreover, the CFI noted that the Commission had found, without being contested by the applicant, that Portugal Telecom's behaviour did not change after its privatisation [132].
Lisaks, nagu teatas Itaalia, ei piisanud juba 2009. aasta esimese poolaasta lõpus varadest reservide katmiseks, st 2009. aasta juuni lõpus oli vaja 23 miljonit eurot ja 2009. aasta lõpus 68 miljonit eurot [155].
It is therefore clear that the CFI assessment concerned a particular situation which was very different from that of the present decision.
Teiseks, isegi kui SACE BT oleks olnud enne sellise abi saamist kõlblik saama vähese tähtsusega abi, oleks Itaalia pidanud saama ettevõtjalt SACE BT avalduse mis tahes muu vähese tähtsusega abi kohta, mida ta on varasemal kahel ja praegusel eelarveaastal saanud [156].
The Commission found further evidence on the imputability of the measures in the additional documents submitted by Italy and SACE.
Peale selle, kui Itaalia oleks kavatsenud anda ettevõtjale SACE BT vähese tähtsusega abi, oleks ta pidanud teavitama ettevõtjat SACE BT kirjalikult tulevasest abisummast (väljendatuna brutotoetusekvivalendina) ja selle liigitumisest vähese tähtsusega abiks.
Similar to the opening decision, the ‘Stardust Marine’ indicators are applied in the present decision in order to prove the imputability of the second, third and fourth measures.
Itaalia ei ole sellekohaseid dokumente komisjonile esitanud.
Even though SACE is not integrated in the public administration and does not exercise official authority, the Commission considers that the following general indicators demonstrate imputability of measures granted by SACE to the State [133]:
Eespool kirjeldatut arvesse võttes ei saa komisjon pidada teist meedet vähese tähtsusega abiks.
All members of SACE's Board of Directors (‘Consiglio di Amministrazione’) are nominated on a proposal of the Italian State, according to Article 6(2) of Legislative Decree No 269/2003 [134].
Järeldus riigiabi olemasolu kohta
SACE does not exercise its activities ‘on the market in normal conditions of competition with private operators’:
Eespool kirjeldatut arvesse võttes leiab komisjon, et teine, kolmas ja neljas meede on riigiabi.
The mission of SACE in 2004 was (and, to this day, continues to be) to maintain and promote the competitiveness of the Italian economy and it essentially covers non-marketable risks within the meaning of the Export-credit Communication (i.e. it operated in the field, which is not considered to be subject to normal conditions of market competition).
KVALIFITSEERUMINE UUE VÕI OLEMASOLEVA ABINA
The activity of SACE has always benefited of a State guarantee, unlike allowed under the state aid rules for other public undertakings operating in competition with private market operators.
Komisjon leiab, et teist, kolmandat ja neljandat meedet ei saa pidada antuks enne seda, kui Itaalia ekspordikrediiti käsitleva teatise heaks kiitis, ja seega kvalifitseeruvad need uue abina.
The financial statements of SACE are subject to the control of the Court of Auditors and the Ministry of Economy and Finance has to present annual reports to the Italian Parliament as regards its activity.
Täpsemalt kiitis Itaalia 1997. aasta ekspordikrediiti käsitleva teatise soovitused heaks hiljemalt 14. septembril 2001, kui ta kiitis heaks ekspordikrediiti käsitleva teatise 2001. aasta versiooni (vt algatamisotsuse põhjendus 5).
Regarding the influence of the State on the allocation of SACE's resources, the CIPE has to deliberate every year not later than on 30 June on the financial projections as well as financial needs related to certain risks and to define global limits for the non-marketable risks to be assumed by SACE, distinctly for the guarantees of the duration inferior and superior than 24 months [135].
Kuna teine, kolmas ja neljas meede on võetud pärast seda kuupäeva, kvalifitseeruvad need meetmed uue abina.
The Statutes of SACE BT provide that besides the legal provisions regularly applying to private insurance companies, SACE BT is also subject to the provision of a law [136] stating that in case a new legal entity is created to provide cover for marketable risks, SACE should hold not less than 30 % of its capital.
Seetõttu peetakse neid ebaseaduslikuks abiks, kuna Itaalia ei ole neist komisjonile enne nende rakendamist 2009. aastal teatanud.
It would thus appear that even after the constitution of SACE BT the continuous support to it (second, third and fourth measures) was influenced by the Italian State to the extent that the above mentioned legislative provision excluded that such risks be run down and/or sold in their entirety to a market operator [137].
VÕIMALIKU ABI KOKKUSOBIVUS SISETURUGA
In addition to the general indicators provided in recital 177, other indicators specific to the conditions of granting the second, third and fourth measures can be identified:
Kuna eelmises jaos leiti, et teine, kolmas ja neljas meede on riigiabi aluslepingu artikli 107 lõike 1 tähenduses, tuleb hinnata nende kokkusobivust siseturuga.
Two of the four members (‘Consiglieri’) of the Board of Directors of SACE (‘Consiglio di Amministrazione’) had management positions in the Italian administration [138], i.e. the former Ministry of Foreign Trade (the current Ministry for Economic Development) and the Ministry of Foreign Affairs, at the time when the second, third and fourth measures were granted.
Siseturuga kokkusobivuse hindamise õiguslik alus
Moreover, the member of SACE's Board of Directors, also having a management position in the Ministry of Foreign Trade (the current Ministry for Economic Development — Director of the General Division for the internationalisation policy of the Ministry for Foreign Trade), stated in the same meeting of SACE's Board of Directors of 1 April 2009 that ‘the support provided to the system [of Italian enterprises] by the businesses carried out by SACE is not always clearly perceived externally, which coincides, also, with the importance of supporting SACE BT, also through its recapitalisation’ [140].
Nagu on märgitud põhjenduses 81, osutas SACE kolmanda ja neljanda meetme puhul kokkusobivuse võimalike alustena rekapitaliseerimise teatisele ja ümberkorraldamise teatisele [157].
The role of the parent company, SACE, and the other companies of the group, thus includingSACE BT, was recognised as an important one in the recovery of the Italian economy.
Siiski ei määranud Itaalia ega SACE oma väidetes kindlaks, et nimetatud teatiste tingimused on täidetud.
In its meeting of 1 April 2009, SACE's Board of Directors recognised the importance of supporting SACE BT, whereby SACE Group fulfils its institutional function of sustaining the Italian companies [141].
Komisjon tuletab meelde, et ekspordikrediiti käsitleva teatise punktide 3.2 ja 4.1 kohaselt ei kehti aluslepingu artikli 107 lõigetes 2 ja 3 sätestatud erandid seoses artikli 107 lõikes 1 sätestatud keeluga turukõlblike riskide korral („[…] riigiabi liigid, mida antakse riigi toetust saavatele ekspordikrediidikindlustuse andjatele [turukõlblike] riskide jaoks, võivad moonutada konkurentsi ja seetõttu ei ole õigust teha nende suhtes erandit asutamislepingus sätestatud riigiabi eeskirjade alusel”).
This position was repeated in the press release of 1 April 2009 on the publication of the consolidated results of SACE Group [142] where it was stated that: ‘The Board of Directors stressed the SACE Group's role in supporting the Italian economy.
Seetõttu ei leia tavaliselt kokkusobivuse alust sellise abi korral, millega toetatakse turukõlblike riskide valdkonnas tegutsevaid krediidikindlustusandjaid.
This role is of particular strategic importance in the current economic and financial situation, which is not merely a typical business cycle downturn.
Sellegipoolest tõestab komisjon, et kolm meedet ei vastaks niikuinii ühelegi tingimusele, mida peetakse siseturuga kokkusobivaks aluslepingu artikli 107 lõike 3 alusel.
The Board is confident that SACE's financial measures and expertise can make a major contribution to the recovery of the Italian economy’.
Kokkusobivus siseturuga vastavalt ühenduse suunistele raskustes olevate äriühingute päästmiseks ja ümberkorraldamiseks antava riigiabi kohta (edaspidi „päästmise ja ümberkorraldamise suunised”) [158]
Such statements confirm the above-stated conclusion that the nature of SACE's activities is not purely profit oriented and on normal conditions of market competition [143].
Päästmise ja ümberkorraldamise suunistes määratletakse päästmiseks antav abi lühiajalise abina, mida antakse põhimõtteliselt mitte kauem kui kuus kuud, et pakkuda abisaajale vajalikku hingamisruumi üksikasjaliku ümberkorraldamise või likvideerimise kava väljatöötamiseks.
In this way, SACE distinguishes from other State owned companies which have purely commercial objectives, such as to solely generate the return on equity and distribute the generated profits through dividends.
Olemuselt on päästmiseks antav abi ajutine ja tagasivõetav.
This reinforces the conclusion that SACE has been used by the State as an instrument to discharge its main mission of promoting economic development of the country.
Päästmiseks antav abi koosneb tavaliselt laenugarantiidest või laenudest, mis antakse raskustes ettevõtjale tema tuleviku hindamise ajal.
Similarly, from the minutes of SACE's Board of Directors of 26 May 2009, when the Board stated its intentions to support SACE BT through the second, third and fourth measure, it appears that such support was motivated also by SACE BT's role of contributing to the development of Italian enterprises [144].
Seoses võimalusega pidada teist meedet päästmiseks antava abina kokkusobivaks siseturuga märgib komisjon, et teisel meetmel ei ole likvideerimise toetuse omadusi ja selle esmane eesmärk ei olnud hoida ettevõtjat SACE BT n-ö pinnal.
Furthermore, it appears that the measures taken during the financial crisis in support of SACE BT may also relate to the group's role in supporting the recovery of the Italian economy.
Seetõttu ei saa pidada teist meedet päästmiseks antavaks abiks.
There are sufficient elements to claim that the mission of SACE BT goes beyond the goals of a private economic operator.
Seoses kolmanda ja neljanda meetmega — neid ei saa liigitada päästmiseks antavaks abiks, kuna need on püsivad ja tagasivõetamatud kapitalisüstid.
Such mission was also recognised in the minutes of the meeting of SACE BT's Board of Directors (‘Consiglio di Amministrazione’) of 27 May 2009 as regards the discussions on the revised budget of SACE BT for 2009, where a recapitalisation of EUR 70 million was needed in order to comply with the solvability requirements:
Päästmise ja ümberkorraldamise suuniste kohaselt peavad ümberkorraldamisabi saajad:
‘[…]’ [145] [146].
tõestama, et nad suudavad saavutada pikaajalise elujõulisuse ilma riigiabita mõistliku aja jooksul;
As regards the second measure, SACE's Risk Management division, in a note dated 19 March 2009 [147] (which had as objective to verify if the estimated profitability of SACE resulting from the reinsurance contract was in line with the risks taken), gave a favourable opinion to SACE's management regarding the company's participation in the reinsurance contract.
tõestama, et nad suudavad maksta suurettevõtjate puhul (või vähem väikeste ja keskmise suurusega ettevõtjate puhul) vähemalt 50 % ümberkorraldamiskuludest oma vahenditest;
In its meeting of 1 April 2009, SACE's Board of Directors approved the participation of SACE into SACE BT's Excess Loss contract for the amount not covered by the market reinsurers and up to a potential loss of EUR 48 million, in the same conditions like the ones accepted by the private reinsurers.
esitama meetmed riigiabi põhjustatavate konkurentsimoonutuste käsitlemiseks, eelkõige suutlikkuse vähendamine ja loobumised, mis on suuremad, kui on vajalik elujõulisuse taastamiseks.
This measure in favour of SACE BT would help the company in maintaining its insurance capacity, in particular for small and medium-sized enterprises [148].
Komisjon aga märgib, et teine, kolmas ja neljas meede ei vasta sellistele tingimustele, et neid saaks pidada päästmise ja ümberkorraldamise suuniste kohaselt ümberkorraldamisabina siseturuga kokkusobivaks.
In conclusion, the assessment provided by the Commission in recitals 177, 178 and 179 demonstrates that SACE is strictly linked to the Italian public authorities and it is used to implement tasks in economic matters that traditionally fall within the responsibility of the former.
Komisjon toob esile näiteks järgmised probleemid: