natgillin/translations-raw huggingface dataset:
On this basis, the Commission understands that the planned measures accompanying the privatisation of ENVC were not provided and will therefore not be considered in the present decision.
Na temelju toga Komisija smatra da planirane mjere uz privatizaciju ENVC-a nisu bile provedene, te stoga neće biti razmatrane u ovoj odluci.
COMMENTS OF PORTUGAL ON THE OPENING DECISION
PRIMJEDBE PORTUGALA NA ODLUKU O POKRETANJU POSTUPKA
In its comments on the Commission's opening decision, Portugal noted that despite the losses that ENVC had accumulated since 2000, and in particular since 2009, the decision to keep the company afloat by providing it with sufficient means was a rational option for EMPORDEF in line with the logic of the market economy operator (‘MEO’) principle.
U svojim primjedbama na odluku Komisije o pokretanju postupka, Portugal je napomenuo da je, usprkos gubicima koje je ENVC nagomilao od 2000., a posebno od 2009., odluka da se društvo održi tako što mu se osiguraju dovoljna sredstva bilo razumno rješenje za EMPORDEF u skladu s logikom načela subjekta u tržišnom gospodarstvu (dalje u tekstu: „STG”).
As regards the difficulties of ENVC, Portugal noted that the gravity of its financial situation became evident only in 2009/2010 and that its irreversibility was only recognised in the annual accounts of the company of 2012.
U pogledu teškoća ENVC-a Portugal je napomenuo da je ozbiljnost njegove financijske situacije postala očigledna tek 2009./2010., te da je njezina nepovratnost bila prepoznata tek u godišnjim izvješćima društva za 2012.
Portugal also explained that the 2006 capital increase was due to a legal obligation on the basis of Article 35 of the Portuguese Companies Code.
Portugal je objasnio i da je do povećanja kapitala iz 2006. došlo zbog zakonske obveze na temelju članka 35. portugalskog Zakona o trgovačkim društvima.
According to this provision, when half of the share capital of a given company is lost, (i) the company must be dissolved, (ii) the share capital must be reduced for an amount not lower than the equity (‘capital próprio’) of the company, or (iii) the shareholders of the company must contribute to the share capital.
Prema toj odredbi, kada je izgubljena polovina temeljnog kapitala nekog društva, i. društvo se mora raspustiti, ii. temeljni kapital mora se smanjiti za iznos koji nije niži od vlastitog kapitala („capital próprio”) društva ili iii. dioničari društva moraju pridonijeti temeljnom kapitalu.
It is on this basis that the shareholders of ENVC decided in 2006 to inject EUR 24,875 million of capital into the company.
Na temelju toga dioničari ENVC-a odlučili su 2006. uložiti 24,875 milijuna EUR kapitala u društvo.
According to Portugal, this decision was taken in the belief that the alternative options under Article 35 of the Portuguese Companies Code would not allow ENVC to honour its financial and commercial commitments (in particular with the Portuguese Navy).
Prema navodima Portugala ta odluka donesena je u uvjerenju da alternativne mogućnosti prema članku 35. portugalskog Zakona o trgovačkim društvima ENVC-u ne bi omogućile ispunjavanje njegovih financijskih i komercijalnih obveza (posebno prema portugalskoj mornarici).
As of 2006, ENVC had in its order book 15 construction projects for a global amount of EUR 386 million.
ENVC je od 2006. u svojoj knjizi narudžbi imao 15 projekata izgradnje u ukupnom iznosu od 386 milijuna EUR.
Portugal claims that a market economy investor would have opted as well for increasing the capital of ENVC and allowing it to continue operating, thereby reinforcing its competitiveness in the shipbuilding market.
Portugal tvrdi da bi se i ulagač u tržišnom gospodarstvu odlučio za povećanje kapitala ENVC-a i omogućio mu nastavak poslovanja, čime bi ojačao njegovu konkurentnost na tržištu brodogradnje.
In its submission of 14 February 2014, Portugal indicated that the decision to proceed to the 2006 capital increase was taken having in mind not only the portfolio of the company but also a restructuring plan for ENVC dated August 2005.
Portugal je u svom podnesku od 14. veljače 2014. naveo da je odluka o povećanju kapitala iz 2006. donesena imajući na umu ne samo portfelj društva već i plan restrukturiranja za ENVC iz kolovoza 2005.
The restructuring plan did not quantify the costs associated to the non-fulfilment of the contracts available to ENVC at the time.
U planu restrukturiranja nisu navedeni troškovi povezani s neispunjavanjem ugovora dostupnih ENVC-u u to vrijeme.
However, the costs associated to closing down the company (including the dismissal of the employees and the regularization of liabilities) were estimated at EUR 175 million. According to Portugal, in view of the fact that liquidation was more onerous than the capital increase, the former line of action was not retained.
Međutim, troškovi povezani sa zatvaranjem društva (uključujući otpuštanje zaposlenika i zakonsko uređenje obveza) procijenjeni su na 175 milijuna EUR. Prema navodima Portugala, s obzirom na to da bi likvidacija bila skuplja od povećanja kapitala, ta mogućnost nije zadržana.
In relation to the 2012 and 2013 loans, Portugal claims that the interest rates applied to ENVC were the same as those that EMPORDEF managed to obtain from the market.
U vezi s kreditima iz 2012. i 2013. Portugal tvrdi da su kamatne stope koje su se primjenjivale na ENVC bile iste kao i one koje je EMPORDEF uspio dobiti na tržištu.
Therefore, the interest rates should be considered at market terms and free of aid.
Stoga bi se trebalo smatrati da su kamatne stope usklađene s tržišnim uvjetima i da ne podrazumijevaju potporu.
According to Portugal, since EMPORDEF was the sole shareholder of ENVC, it could be considered liable at last instance for the debts and liabilities of ENVC.
Prema navodima Portugala, s obzirom na to da je EMPORDEF bio jedini dioničar ENVC-a, mogao bi se smatrati odgovornim za dugove i obveze ENVC-a u zadnjoj instanci.
Therefore, Portugal claims that EMPORDEF did not increase its risk by exposing it further to ENVC by means of the 2012 and 2013 loans.
Stoga Portugal tvrdi da EMPORDEF nije povećao svoj rizik dodatno se izlažući ENVC-u putem kredita iz 2012. i 2013.
In its submission of 14 February 2014, Portugal clarified that as of February 2014, ENVC had neither reimbursed the 2012 and 2013 loans nor paid any interest.
U svom podnesku od 14. veljače 2014. Portugal je objasnio da od veljače 2014.
Moreover, Portugal also noted that the loans to ENVC were, when necessary, accompanied by comfort letters issued by EMPORDEF.
ENVC nije vratio kredite iz 2012. i 2013. niti je platio kamate. Nadalje, Portugal je napomenuo i da su krediti ENVC-u, prema potrebi, bili popraćeni pismima namjere koje je izdao EMPORDEF.
Concerning the DGTF loans granted in 2006, 2008, 2010 and 2011, Portugal is of the view that they were provided on market terms since the interest rate applied was EURIBOR plus a variable spread depending on each loan contract.
U vezi s kreditima DGTF-a odobrenim 2006., 2008., 2010. i 2011., Portugal smatra da su dodijeljeni prema tržišnim uvjetima jer je primjenjiva kamatna stopa bila EURIBOR uvećana za promjenjivi raspon ovisno o svakom ugovoru o kreditu.
Portugal also notes that the DGTF loans were provided bearing in mind the order book of ENVC, which would create reasonable expectations that ENVC would be able to pay back the loans.
Portugal navodi i da su krediti DGTF-a dodijeljeni imajući na umu knjigu narudžbi ENVC-a, na kojoj bi se temeljila razumna očekivanja da bi ENVC mogao otplatiti kredite.
Portugal also highlights that the use of comfort letters is normal between private operators as a mechanism to guarantee access to the financial markets for companies with a lower borrowing capacity.
Portugal naglašava i da je korištenje pisama namjere uobičajeno među privatnim subjektima kao mehanizam jamstva pristupa financijskim tržištima za društva s manjim mogućnostima zaduživanja.
Portugal notes that EMPORDEF would in any case be considered liable in last instance for the debts of ENVC given that it was its sole shareholder.
Portugal navodi da bi se EMPORDEF u svakom slučaju smatrao odgovornim za dugove ENVC-a u zadnjoj instanci jer je njegov jedini dioničar.
In any event, Portugal acknowledges that EMPORDEF never charged ENVC for the comfort letters.
U svakom slučaju Portugal utvrđuje da EMPORDEF nikada ENVC-u nije naplatio pisma namjere.
As regards the shipbuilding subsidies, Portugal claims that they were provided according to Decree-Law 296/89 — implementing Directive 87/167/EEC — and that they would therefore constitute compatible aid to the shipbuilding industry.
U pogledu subvencija u brodogradnji Portugal tvrdi da su dodijeljene u skladu sa Zakonskim dekretom 296/89, kojim se provodi Direktiva 87/167/EEZ, te da bi stoga predstavljale spojivu potporu brodograđevnoj industriji.
Concerning the professional training subsidies, Portugal claims that they were provided to all companies fulfilling the regulatory conditions and that therefore they would not have provided ENVC with an undue selective advantage.
U pogledu subvencija za profesionalnu izobrazbu Portugal tvrdi da su dodijeljene svim društvima koja ispunjavaju zakonske uvjete i da stoga ENVC-u ne bi osigurale neopravdanu selektivnu prednost.
In relation to the Atlântida vessel, Portugal observes that as of June 2012 its market value was estimated at EUR 29,24 million, taking into consideration inter alia the economic obsolescence and the physical and functional depreciation.
U vezi s brodom Atlântida Portugal napominje da je njegova tržišna vrijednost od lipnja 2012. procijenjena na 29,24 milijuna EUR uzimajući u obzir, između ostalog, ekonomsku zastarjelost i fizičku i funkcionalnu amortizaciju.
In this context, Portugal claims that there are no reasons to consider that the construction of the vessel entailed an undue advantage to ENVC, bearing in mind that the cost of construction exceeded the contractual price.
U tom kontekstu Portugal tvrdi da ne postoje razlozi zbog kojih bi se smatralo da izgradnja broda predstavlja neopravdanu prednost za ENVC, imajući na umu da je trošak izgradnje bio veći od ugovorne cijene.
Difficulties of ENVC
Teškoće ENVC-a
As noted above in recital 42, Portugal claims that the gravity of ENVC's financial situation became evident only in 2009/2010 and that its irreversibility was only recognised in the annual accounts of the company of 2012.
Kako je prethodno navedeno u uvodnoj izjavi 42., Portugal tvrdi da je ozbiljnost ENVC-ove financijske situacije postala očigledna tek 2009./2010., te da je njezina nepovratnost bila prepoznata tek u godišnjim izvješćima društva za 2012.
The Commission reiterates the views it expressed in its opening decision.
Komisija naglašava mišljenja koja je izrazila u svojoj odluci o pokretanju postupka.
According to recital 9 of the 2004 R&R Guidelines, the Commission regards a firm as being in difficulty when it is unable, whether through its own resources or with the funds it is able to obtain from its owners/shareholders or creditors, to stem losses which without outside intervention by the public authorities, will almost certainly condemn it to going out of business in the short or medium term.
U skladu s uvodnom izjavom 9. Smjernica za sanaciji i restrukturiranje iz 2004. Komisija smatra da je poduzeće u teškoćama ako nije sposobno, bilo vlastitim sredstvima ili sredstvima koja može osigurati od svojih vlasnika/dioničara ili vjerovnika, spriječiti gubitke koji bi bez vanjske intervencije javnih tijela vlasti gotovo sigurno kratkoročno ili srednjoročno ugrozili njegov opstanak.
Recital 10 of the 2004 R&R Guidelines clarifies that a limited liability company is regarded as being in difficulty where more than half of its registered capital has disappeared and more than one quarter of that capital has been lost over the preceding 12 months, or where it fulfils the criteria under its domestic law for being the subject of collective insolvency proceedings.
U uvodnoj izjavi 10. Smjernica za sanaciju i restrukturiranje iz 2004. navodi se da se smatra da je društvo s ograničenom odgovornošću u teškoćama ako je više od polovine temeljnog kapitala nestalo, a više od četvrtine tog kapitala izgubljeno u prethodnih dvanaest mjeseci ili ako ispunjava uvjete za pokretanje stečajnog postupka na temelju nacionalnih propisa.
Recital 11 of the 2004 R&R Guidelines adds that, even if the conditions in recital 10 are not satisfied, a firm may be considered to be in difficulty in particular where the usual signs of a firm being in difficulty are present, such as increasing losses, diminishing turnover, growing stock inventories, excess capacity, declining cash flow, mounting debt, rising interest charges and falling or nil net asset value.
U uvodnoj izjavi 11. Smjernica za sanaciju i restrukturiranje iz 2004. dodaje se da se može smatrati, i ako nisu ispunjeni uvjeti iz uvodne izjave 10., da je poduzeće u teškoćama posebno ako su prisutni uobičajeni znakovi poduzeća u teškoćama, primjerice povećavanje gubitaka, smanjenje prometa, rast zaliha, višak kapaciteta, smanjenje novčanih tokova, rast duga, rast troškova kamata i smanjenje ili nulta neto vrijednost imovine.
The Commission observes that ENVC is a limited liability company which has continuously registered significant losses since at least 2000 (see table 3 below):
Komisija napominje da je ENVC društvo s ograničenom odgovornošću koje je barem od 2000. stalno bilježilo znatne gubitke. (vidi tablicu 3. u nastavku):
Net results of ENVC between 2000 and 2013
Neto rezultati ENVC-a od 2000. do 2013.
Source: annual accounts of EMPORDEF for 2006, 2007, 2008, 2012 and 2013 (available at http://www.empordef.pt/main.html), annual accounts of ENVC for 2001, 2002, 2003, 2009, 2010 and 2011.
Izvor: godišnja izvješća EMPORDEF-a za 2006., 2007., 2008., 2012. i 2013. (dostupna na http://www.empordef.pt/main.html), godišnja izvješća ENVC-a za 2001., 2002., 2003., 2009., 2010. i 2011.
Net result (in EUR million)
Neto rezultat (u milijunima EUR)
In addition, ENVC had negative equity since at least 2009: EUR -25,62 million in 2009, EUR -74,49 million in 2010, EUR -129,63 million in 2011, EUR -142,45 million in 2012 and EUR -193,46 million in 2013 [24].
Nadalje, ENVC je barem od 2009. bilježio negativni vlasnički kapital: – 25,62 milijuna EUR 2009., – 74,49 milijuna EUR 2010., – 129,63 milijuna EUR 2011., – 142,45 milijuna EUR 2012. i – 193,46 milijuna EUR 2013. [24].
According to Portugal (see recital 43 above), the 2006 capital increase was needed in order to comply with Article 35 of the Portuguese Companies Code, the alternatives being a reduction of ENVC's capital or the liquidation of the company.
Prema navodima Portugal (vidi prethodnu uvodnu izjavu 43.), povećanje kapitala iz 2006. bilo je potrebno radi poštovanja članka 35. portugalskog Zakona o trgovačkim društvima, čija je alternativa bila smanjenje kapitala ENVC-a ili likvidacija društva.
Moreover, the restructuring plan prepared by BPI dated August 2005 (see recital 47 above), highlights that since the end of 2003, ENVC was in a situation of technical bankruptcy (‘falência técnica’).
Nadalje, u planu restrukturiranja koji je izradio BPI iz kolovoza 2005. (vidi prethodnu uvodnu izjavu 47.), naglašeno je da je ENVC od kraja 2003. bio u tehničkom stečaju („falência técnica”).
Finally, the Commission observes that the 2009 report of the IGF indicates that as of 31 December 2005 and at the end of 2008, ENVC was again in a situation of technical bankruptcy.
Naposljetku, Komisija napominje da se u izvješću IGF-a iz 2009. navodi da je ENVC od 31. prosinca 2005. i na kraju 2008. ponovno bio u tehničkom stečaju.
Therefore, it appears that at those points in time when ENVC was in technical bankruptcy it showed all the signs of bankruptcy except that it had not been formally declared bankrupt by the competent court.
Stoga se čini da je u trenutku tehničkog stečaja ENVC pokazivao sve znakove stečaja, osim što mjerodavni sud nije službeno proglasio njegov stečaj.
This suggests that the company fulfilled the criteria under domestic law for being the subject of collective insolvency proceedings, in line with recital 10 of the 2004 R&R Guidelines at least at the end of 2003, 2005 and 2008.
To ukazuje na to da je barem krajem 2003., 2005. i 2008. društvo ispunilo uvjete za pokretanje stečajnog postupka na temelju nacionalnih propisa u skladu s uvodnom izjavom 10. Smjernica za sanaciju i restrukturiranje iz 2004.
In view of the above, the Commission concludes that ENVC was a firm in difficulty within the meaning of the 2004 R&R Guidelines at the time when all the past measures were granted.
S obzirom na prethodno navedeno Komisija zaključuje da je ENVC bio poduzeće u teškoćama u smislu Smjernica za sanaciju i restrukturiranje iz 2004. u trenutku kada su odobrene sve prethodne mjere.
By virtue of Article 107(1) TFEU, any aid granted by a Member State or through State resources in any form whatsoever, which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods, shall, in so far as it affects trade between Member States, be incompatible with the internal market.
Na temelju članka 107. stavka 1. UFEU-a svaka potpora koju dodijeli država članica ili koja se dodjeljuje putem državnih sredstava u bilo kojem obliku, kojom se narušava ili prijeti da će narušiti tržišno natjecanje stavljanjem određenih poduzetnika ili proizvodnje određene robe u povoljniji položaj, nespojiva je s unutarnjim tržištem u mjeri u kojoj utječe na trgovinu među državama članicama.
In order to conclude on whether State aid is present, it must therefore be assessed whether the cumulative criteria listed in Article 107(1) TFEU (i.e. transfer of State resources, selective advantage, potential distortion of competition and affectation of intra-EU trade) are met for the measures identified.
Kako bi se zaključilo postoji li državna potpora, mora se stoga procijeniti jesu li za utvrđene mjere ispunjeni kumulativni kriteriji iz članka 107. stavka 1. UFEU-a (tj. prijenos državnih sredstava, selektivna prednost, moguće narušavanje tržišnog natjecanja i učinak na trgovinu u EU-u).
The Commission already notes in this respect that Portugal does not contest the State aid character of the shipbuilding subsidies since they were — according to the Portuguese authorities — provided according to Decree-Law 296/89 implementing Directive 87/167/EEC.
Komisija u tom pogledu već navodi da Portugal ne osporava karakter državne potpore subvencija u brodogradnji jer su one prema navodima portugalskih nadležnih tijela dodijeljene u skladu sa Zakonskim dekretom 296/89 kojim se provodi Direktiva 87/167/EEZ.
The Commission will assess their compatibility with the internal market in section 6.4 below.
Komisija će procijeniti njihovu spojivost s unutarnjem tržištem u odjeljku 6.4 u nastavku.
In relation to the professional training subsidies provided in 2005 and 2006 amounting to EUR 257791, Portugal states that they were granted under the Operational Programme for Employment, Training and Social Development (POEFDS) sponsored by the European Social Fund.
U vezi sa subvencijama za profesionalnu izobrazbu dodijeljenim 2005. i 2006. u iznosu od 257791 EUR, Portugal tvrdi da su odobrene u okviru Operativnog programa za zapošljavanje, izobrazbu i socijalni razvoj (POEFDS) koji je sponzorirao Europski socijalni fond.
Portugal does not dispute the preliminary findings of the Commission as per the opening decision in relation to the presence of State resources and imputability.
Portugal ne osporava preliminarne nalaze Komisije u skladu s odlukom o pokretanju postupka u vezi s postojanjem državnih sredstava i pripisivanjem odgovornosti.
In the first place, the Commission highlights that the DGTF loans, the shipbuilding subsidies and the professional training subsidies were provided directly from the State budget (mainly through the DGTF) and therefore there is no doubt that these past measures entail State resources and are imputable to the State.
Komisija u prvom redu ističe da su krediti DGTF-a, subvencije u brodogradnji i subvencije za profesionalnu izobrazbu dodijeljeni izravno iz državnog proračuna (uglavnom putem DGTF-a), te stoga nema sumnje da te prethodne mjere predstavljaju državna sredstva i da se mogu pripisati državi.
As regards EMPORDEF, the Commission also considers that its actions entailed State resources (given that the budget of EMPORDEF is provided directly by the State) and that those actions are imputable to the State in the sense of the Stardust Marine case-law [25].
U pogledu EMPORDEF-a Komisija smatra i da su njegova postupanja uključivala državna sredstva (s obzirom na to da država izravno osigurava proračun EMPORDEF-a) i da se ta postupanja mogu pripisati državi u smislu sudske prakse Stardust Marinea [25].
In the first place, the Commission notes that this is a public holding 100 % owned by the State: the sole shareholder of EMPORDEF on behalf of the State is the DGTF.
Komisija u prvom redu napominje da se radi o javnom holdingu u stopostotnom vlasništvu države: DGTF je u ime države jedini dioničar EMPORDEF-a.
Moreover, EMPORDEF is under the direct supervision of the Ministry of Finance and Public Administrations, as regards financial supervision, and the Ministry of National Defence, as regards sectorial supervision [26].
Osim toga, EMPORDEF je pod neposrednim nadzorom Ministarstva financija i javne uprave u pogledu financijskog nadzora i Ministarstva nacionalne obrane u pogledu sektorskog nadzora [26].
In addition, according to the web page of EMPORDEF, its operations are consistent with the objectives, policies and goals established by its sole shareholder, i.e. the State [27].
Nadalje, prema internetskoj stranici EMPORDEF-a njegovo poslovanje usklađeno je s ciljevima, politikama i glavnim ciljevima koje je utvrdio njegov jedini dioničar, tj. država [27].
Moreover, the President of EMPORDEF and its Executive Directors are nominated directly by the Minister of National Defence [28].
Osim toga, predsjednika EMPORDEF-a i njegove izvršne direktore neposredno imenuje ministar nacionalne obrane [28].
In addition to the above, the rules governing the planned privatisation of ENVC (see section 2.2 above) clearly indicated that the final decision was to be taken by the Portuguese Government and not by EMPORDEF.
Osim toga, pravila kojima se uređuje planirana privatizacija ENVC-a (vidi prethodni odjeljak 2.2) jasno ukazuju na to da konačnu odluku treba donijeti portugalska vlada, a ne EMPORDEF.
In terms of indirect evidence, the Commission observes that on 4 January 2012, the Portuguese Ministry of National Defence issued a press release stating the following: ‘on 2 July 2011, the Ministry of National Defence decided to suspend the decommissioning of [ENVC]. In August, the Ministry of National Defence mandated the new administration of EMPORDEF to find a solution that would avoid the decommissioning and closure of ENVC’ [29].
U pogledu neizravnih dokaza Komisija napominje da je portugalsko Ministarstvo nacionalne obrane 4. siječnja 2012. izdalo priopćenje za tisak u kojem se navodi sljedeće: „Ministarstvo nacionalne obrane odlučilo je 2. srpnja 2011. obustaviti raspuštanje [ENVC-a]. Ministarstvo nacionalne obrane u kolovozu je ovlastilo novu upravu EMPORDEF-a da pronađe rješenje kojim bi se izbjeglo raspuštanje i zatvaranje ENVC-a.” [29].
Furthermore, on multiple occasions the Minister of National Defence publicly announced the steps to be undertaken as regards the planned privatisation of ENVC [30].
Nadalje, ministar nacionalne obrane u nekoliko je navrata javno najavio korake koji će se poduzeti u pogledu planirane privatizacije ENVC-a [30].
Once the privatisation plans were discarded, the Portuguese Government empowered EMPORDEF to take the necessary measures as regards ENVC [31].
Nakon što su odbačeni planovi o privatizaciji, portugalska vlada ovlastila je EMPORDEF da poduzme potrebne mjere u pogledu ENVC-a [31].
In light of the above, the Commission concludes that EMPORDEF's actions are imputable to the State and that the past measures it granted to ENVC entailed State resources.
U svjetlu navedenog, Komisija zaključuje da se postupanja EMPORDEF-a mogu pripisati državi i da su prethodne mjere koje je odobrio ENVC-u uključivale državna sredstva.