natgillin/translations-raw huggingface dataset:
By the end of 2017, negative equity had doubled to RON 2842,7 million (EUR – 611,18 million).
Do završetka 2017. negativni vlasnički kapital udvostručio se na 2842,7 milijuna RON (611,18 milijuna EUR).
As from 2013, the operating result was negative, and the company had no free cash flows to service financial debt reimbursement and payments, not including additional debt owed to the State non-commercial bodies, like for example the tax authorities.
Od 2013. rezultati poslovanja bili su negativni i društvo nije imalo slobodne novčane tokove kojima bi pokrilo vraćanje financijskih dugova i plaćanja, ne uključujući dodatne dugove prema nekomercijalnim državnim tijelima, kao što su, primjerice, porezna tijela.
Financial results of CE Hunedoara 2012-2017
Financijski rezultati društva CE Hunedoara za razdoblje 2012.–2017.
Source: www.cenhd.ro, according to publicly available financial reports accessed in June 2018
Izvor: www.cenhd.ro, u skladu s javno dostupnim financijskim izvještajima kojima se pristupilo u lipnju 2018.
Million RON
u milijunima RON
Operating Profit/Loss (EBITDA)
Dobit/gubitak od poslovanja (EBITDA)
Net Earnings/Loss
Neto dobit/gubitak
Long term Debt
Dugoročni dug
Other current debt including taxes
Ostali postojeći dugovi, uključujući poreze
By April 2015 at the latest, CE Hunedoara met the criteria for being subject to collective insolvency proceedings under Romanian law.
Društvo CE Hunedoara najkasnije je do travnja 2015. ispunilo kriterije za to da se nad njime provede kolektivni postupak u slučaju nesolventnosti na temelju rumunjskog prava.
In January 2016, CE Hunedoara was temporarily subject to an insolvency proceeding.
U siječnju 2016. nad društvom CE Hunedoara privremeno je pokrenut postupak u slučaju nesolventnosti.
In March 2016, the insolvency administrator of CE Hunedoara published a report (‘the report of the insolvency administrator’) containing information about the liabilities of the company, from which it transpired that CE Hunedoara owed around RON 2360 million (ca. EUR 507,4 million) to various State bodies.
U ožujku 2016. upravitelj u slučaju nesolventnosti društva CE Hunedoara objavio je izvješće („izvješće upravitelja u slučaju nesolventnosti”) s informacijama o obvezama društva, iz kojeg se moglo zaključiti da društvo CE Hunedoara duguje oko 2360 milijuna RON (oko 507,4 milijuna EUR) raznim državnim tijelima.
This amount referred among others to the loans covered by the present decision as well as to fines charged by the Environment Agency for failure to acquire carbon allowances, green certificates and other debts to the State and to the Social Security budget.
Taj se iznos, među ostalim, odnosio na zajmove obuhvaćene ovom Odlukom te na novčane kazne koje je naplatila Agencija za okoliš zbog nestjecanja jedinica ugljika, ekološke certifikate i druge dugove prema državi i proračunu za socijalnu sigurnost.
According to Romania, the Environment Agency also requested the payment of amounts owed to it by CE Hunedoara, similarly to other private creditors.
Rumunjska navodi da je i Agencija za okoliš, slično kao drugi privatni vjerovnici, zatražila da joj se plate iznosi koje joj duguje CE Hunedoara.
As the equity position of CE Hunedoara shows, the company is technically bankrupt but continues to operate on the expense of not paying the majority of its debts and its fiscal liabilities.
Kao što proizlazi iz pozicije vlasničkog kapitala društva CE Hunedoara, to je društvo tehnički u stečaju, ali nastavlja poslovati tako što ne plaća većinu svojih dugova i fiskalnih obveza.
According to the information provided by Romania, in line with applicable national rules, the process of liquidation of CE Hunedoara could last a minimum of three years if initiated by the Romanian State in its capacity as shareholder and main creditor of CE Hunedoara.
Prema informacijama koje je dostavila Rumunjska i u skladu s primjenjivim nacionalnim pravilima, postupak likvidacije društva CE Hunedoara mogao bi trajati najmanje tri godine ako ga Rumunjska pokrene u svojstvu dioničara i glavnog vjerovnika tog društva.
So far the insolvency requests filed at the national Company Court have not led to the declaration of permanent insolvency of CE Hunedoara.
Zahtjevi za proglašenje nesolventnosti podneseni pri nacionalnom trgovačkom sudu dosad nisu doveli do proglašenja trajne nesolventnosti društva CE Hunedoara.
The loans provided to CE Hunedoara
Zajmovi dani društvu CE Hunedoara
In the opening decision, the Commission examined five publicly financed or supported loans granted to or benefitting CE Hunedoara for its current electricity generation business and which, by 30 June 2016 amounted to debt outstanding to the Romanian State for a total amount of RON 337107835 (approx. EUR 72,48 million), including outstanding principal, interest, interest for late payments and other costs.
Komisija je u odluci o pokretanju postupka ispitala pet zajmova financiranih javnim sredstvima ili danih uz potporu javnih sredstava društvu CE Hunedoara ili u korist tog društva za njegovo trenutačno poslovanje u pogledu proizvodnje električne energije, koji su do 30. lipnja 2016. dosegli ukupan iznos od 337107835 RON (oko 72,48 milijuna EUR) u dospjelim dugovima prema Rumunjskoj, uključujući dospjelu glavnicu, kamate, zatezne kamate i druge troškove.
Table 3 below shows Romania's updated information regarding the outstanding capital of those loans, as of 31 March 2018.
U tablici 3. u nastavku prikazane su ažurirane informacije Rumunjske u pogledu nepodmirene glavnice tih zajmova, sa stanjem na dan 31. ožujka 2018.
Following the opening decision, the Romanian authorities provided the loan contracts according to which the main initial terms and conditions of the loans were as follows:
Nakon donošenja odluke o pokretanju postupka, rumunjska tijela dostavila su ugovore o zajmu, u kojima su glavni početni uvjeti zajmova bili utvrđeni na sljedeći način:
International Bank for Reconstruction and Development (‘IBRD’) loan guaranteed by the Romanian State through the Ministry of Public Finances — ‘IBRD loan’
Zajam Međunarodne banke za obnovu i razvoj („IBRD”) za koji je jamčila Rumunjska preko Ministarstva javnih financija – „zajam IBRD-a”
This loan concerned the project of rehabilitation and modernisation of the energetic block No 3 at CET Mintia.
Taj se zajam odnosio na projekt sanacije i modernizacije energetskog bloka br. 3 u elektrani CET Mintia.
For this purpose, in August 1995, the Autonomous Direction for Electric Energy ‘RENEL’ (Regia Autonomă de Electricitate) contracted a loan from the World Bank in the amount of USD 110000000 out of which an amount of USD 33500000 was later cancelled, in February 2001.
U tu je svrhu u kolovozu 1995. Autonomna uprava za električnu energiju „RENEL” (Regia Autonomă de Electricitate) sklopila ugovor o zajmu Svjetske banke u iznosu od 110000000 USD, od čega je iznos od 33500000 USD kasnije, u veljači 2001., poništen.
By 17 May 2001, when the agreement was suspended by IBRD, drawdowns had been made in a total amount of USD 10930016.
Do 17. svibnja 2001., kad je IBRD obustavio ugovor, povučen je ukupan iznos od 10930016 USD.
On 31 May 2002 IBRD resumed the loan agreement with Electrocentrale Deva.
IBRD je 31. svibnja 2002. ponovno uspostavio ugovor o zajmu s društvom Electrocentrale Deva.
This agreement was guaranteed by the Romanian Government and foresaw that Electrocentrale Deva could dispose of a maximum amount of USD 69908805 (out of which an amount of USD 1162752 was later cancelled, in February 2005).
Za taj je ugovor jamčila rumunjska vlada i u njemu je bilo predviđeno da društvo Electrocentrale Deva može raspolagati iznosom od najviše 69908805 USD (od čega je iznos od 1162752 USD kasnije, u veljači 2005., poništen).
The maturity date of the loan was 1 November 2015 and the payment schedule foresaw a reimbursement in biannual instalments (payable in May and November) over 14 years, starting from 2002.
Datum dospijeća zajma bio je 1. studenoga 2015. i u planu otplate bilo je predviđeno njegovo vraćanje u polugodišnjim obrocima (koji su se trebali platiti u svibnju i studenome) tijekom 14 godina, počevši od 2002.
The interest rate equals the cost of the qualified loans and is determined on the basis of the previous semester plus a half of percentage point; additionally, for amounts in respect of which no drawdowns had been made, Electrocentrale Deva was also due to pay a commitment fee of 0,25 %.
Kamatna stopa jednaka je trošku kvalificiranih zajmova i određena je na temelju prethodnog polugodišta, uvećana za pola postotnog boda; osim toga, za iznose koji nisu povučeni društvo Electrocentrale Deva moralo je plaćati naknadu za odobrenje sredstava od 0,25 %.
Romanian Commercial Bank (‘BCR’) loan contracted by the Ministry of Finance for the benefit of CE Hunedoara — ‘BCR loan’
Zajam Rumunjske komercijalne banke („BCR”) koji je Ministarstvo financija ugovorilo u korist društva CE Hunedoara – „zajam BCR-a”
This loan was contracted for financing 25 % of a greater project named ‘Centrala Electrica Paroseni’ regarding the installation of waste gas desulphurisation and the changing of the technology for collecting, transporting and depositing slag and ash.
Taj je zajam ugovoren radi financiranja 25 % većeg projekta pod nazivom „Centrala Electrica Paroșeni” povezanog s ugradnjom sustava za odsumporavanje otpadnih plinova i mijenjanjem tehnologije za prikupljanje, prijevoz i odlaganje troske i pepela.
The financing of the other parts was assured by a BRD loan (covering 25 % of the total costs — information on this loan is provided under letter (d) below) and a European Investment Bank (‘EIB’) loan (for 50 % of the total costs; this loan is not covered by the opening decision).
Financiranje drugih dijelova bilo je osigurano zajmom BRD-a (koji je pokrivao 25 % ukupnih troškova; informacije o tom zajmu nalaze se pod točkom (d) u nastavku) i zajmom Europske investicijske banke („EIB”) (za 50 % ukupnih troškova; taj zajam nije obuhvaćen odlukom o pokretanju postupka).
By way of a loan contract entered into on 3 December 2013 between BCR and the Ministry of Public Finances, an investment loan was granted by the bank to the borrower, which then subsequently granted it further to CE Hunedoara by way of a subsidiary loan agreement entered into on 5 December 2013.
Na temelju ugovora o zajmu koji su 3. prosinca 2013. sklopili BCR i Ministarstvo javnih financija banka je odobrila investicijski zajam zajmoprimcu, koji ga je nakon toga prenio na društvo CE Hunedoara na temelju ugovora o podređenom zajmu sklopljenog 5. prosinca 2013.
The loan contract and the subsidiary loan agreement both concerned the same principal amount of RON 83485450 (i.e. EUR 17950000) which was initially granted by the bank to the Ministry of Public Finances and thereafter by the latter to CE Hunedoara.
Ugovor o zajmu i ugovor o podređenom zajmu odnosili su se na istu glavnicu u iznosu od 83485450 RON (tj. 17950000 EUR) koju je banka najprije odobrila Ministarstvu javnih financija, a potonje zatim odobrilo društvu CE Hunedoara.
The maturity of the loan was 15 years, with a grace period of 3 years.
Dospijeće zajma iznosilo je 15 godina, uz razdoblje odgode od tri godine.
The payment schedule foresaw a reimbursement by way of 25 equal biannual instalments.
U planu otplate bilo je predviđeno vraćanje zajma u 25 jednakih polugodišnjih obroka.
The interest rate was set at 4,20 % per year.
Kamatna stopa iznosila je 4,20 % godišnje.
The collaterals related to this BCR loan, but serving as collaterals also for the BRD loan of EUR 14700000 (i.e. RON 68369000) dealt with under letter (d) below as well as for a related EIB loan of EUR 32650000 (i.e. RON 151855150) not dealt with in the opening decision, were established by way of a mortgage over the real estate and moveable assets of CE Hunedoara with a total value of EUR 93323204 (i.e. RON 417481353,09).
Kolateral povezan s tim zajmom BCR-a, koji je služio i kao kolateral za zajam BRD-a u iznosu od 14700000 EUR (tj. 68369000 RON) o kojem je riječ pod točkom (d) u nastavku te za povezani zajam EIB-a u iznosu od 32650000 EUR (tj. 151855150 RON) koji nije obuhvaćen odlukom o pokretanju postupka, utvrđen je hipotekom na nekretninama i pokretnom imovinom društva CE Hunedoara ukupne vrijednosti od 93323204 EUR (tj. 417481353,09 RON).
In relation to this BCR loan, CE Hunedoara was also due to pay the Ministry of Public Finances a 2,5 % risk commission, i.e. EUR 448750 divided in 8 equal tranches, for the ‘Fund of risk for public government debt’.
U vezi s tim zajmom BCR-a društvo CE Hunedoara trebalo je Ministarstvu javnih financija platiti i naknadu za rizik od 2,5 %, odnosno 448750 EUR podijeljeno na osam jednakih tranši, za potrebe „Fonda za rizik javnog duga”.
Romanian Development Bank (‘BRD’) loan contracted by the Ministry of Finance and subordinated to CE Hunedoara — ‘BRD loan’
Zajam Rumunjske razvojne banke („BRD”) koji je Ministarstvo financija ugovorilo i prenijelo na društvo CE Hunedoara – „zajam BRD-a”
This loan was contracted for financing the ‘Centrala Electrică Paroșeni’ project.
Taj je zajam ugovoren za financiranje projekta „Centrala Electrică Paroșeni”.
By way of a financing contract entered into on 19 May 2014 between BRD and the Ministry of Public Finances, a loan was granted by the bank to the borrower, which then subsequently granted it further to CE Hunedoara by way of a subsidiary loan agreement entered into on 5 June 2014.
Na temelju ugovora o financiranju koji su 19. svibnja 2014. sklopili BRD i Ministarstvo javnih financija, banka je odobrila zajam zajmoprimcu, koji ga je nakon toga prenio na društvo CE Hunedoara na temelju ugovora o podređenom zajmu sklopljenog 5. lipnja 2014.
The above-mentioned financing contract and the subsidiary loan agreement both concerned the same principal amount of RON 68371170 (approx. EUR 14700000) which was initially granted by the bank to the Ministry of Public Finances and thereafter by the latter to CE Hunedoara.
Prethodno navedeni ugovor o financiranju i ugovor o podređenom zajmu odnosili su se na istu glavnicu u iznosu od 68371170 RON (tj. 14700000 EUR) koju je banka najprije odobrila Ministarstvu javnih financija, a potonje zatim odobrilo društvu CE Hunedoara.
The interest rate was set at 3,79 % per year.
Kamatna stopa iznosila je 3,79 % godišnje.
The collaterals related to this BRD loan, but serving as collaterals also for the BCR loan of EUR 17950000 (approx. RON 83485450) dealt with under letter (c) above as well as for a related EIB loan of EUR 32650000 (approx. RON 151855150) not dealt with in the opening decision, were established by way of mortgage over real estate and moveable assets with a total value of EUR 93323204 (approx. RON 417481353,09).
Kolateral povezan s tim zajmom BRD-a, koji je služio i kao kolateral za zajam BCR-a u iznosu od 17950000 EUR (oko 83485450 RON) o kojem je riječ pod prethodnom točkom (c) te za povezani zajam EIB-a u iznosu od 32650000 EUR (oko 151855150 RON) koji nije obuhvaćen odlukom o pokretanju postupka, utvrđen je hipotekom na nekretninama i pokretnom imovinom ukupne vrijednosti od 93323204 EUR (oko 417481353,09 RON).
In relation to this BRD loan, CE Hunedoara was also due to pay the Ministry of Public Finances a 2,5 % risk commission, i.e. EUR 367000 divided in 8 equal tranches, for the ‘Fund of risk for public government debt’.
U vezi s tim zajmom BRD-a društvo CE Hunedoara trebalo je Ministarstvu javnih financija platiti i naknadu za rizik od 2,5 %, odnosno 367000 EUR podijeljeno na osam jednakih tranši, za potrebe „Fonda za rizik javnog duga”.
The BRD loan and the BCR loan financed investments for environmental compliance in the Paroseni plant (EU standards set in the Industrial Emissions Directive).
Zajmom BRD-a i zajmom BCR-a financirana su ulaganja u usklađivanje elektrane Paroșeni s propisima o okolišu (standardima EU-a utvrđenima u Direktivi o industrijskim emisijama).
Such investments could not generate additional output or reduce production costs allowing additional operating revenues to reimburse the loans.
Takvim se ulaganjima nije mogla ostvariti dodatna proizvodnja niti su se mogli smanjiti troškovi proizvodnje, čime bi se ostvarili dodatni prihodi od poslovanja kojima bi se vratili zajmovi.
They were only a pre-condition for the plant to continue operating.
Ona su samo bila preduvjet za nastavak rada elektrane.
Loan provided for the payment of the incompatible aid requested to be recovered by the Decision regarding the incompatible aid; capital and interest — ‘the loan to repay the incompatible aid’
Zajam osiguran za plaćanje nespojive potpore čiji je povrat zatražen odlukom o nespojivoj potpori; glavnica i kamate – „zajam za povrat nespojive potpore”
On the basis of the Government Emergency Ordinance No 11 of 13 May 2015 regarding the granting of a loan to CE Hunedoara S.A., a loan convention was entered into on 9 June 2015 between the Ministry of Public Finances, CE Hunedoara and the Ministry of Energy, SMEs and Business Environment.
Na temelju Hitne vladine uredbe br. 11 od 13. svibnja 2015. o odobrenju zajma društvu CE Hunedoara S.A. Ministarstvo javnih financija, CE Hunedoara i Ministarstvo energetike, MSP-ova i poduzetništva 9. lipnja 2015. sklopili su ugovor o zajmu.
The above-mentioned loan convention granted CE Hunedoara a loan in the principal amount of RON 34785015 (approx. EUR 7478778).
Prethodno navedenim ugovorom o zajmu društvu CE Hunedoara odobren je zajam s glavnicom u iznosu od 34785015 RON (oko 7478778 EUR).
This loan was used to repay the incompatible aid referred to in recital 5.
Taj je zajam upotrijebljen za povrat nespojive potpore iz uvodne izjave 5.
In accordance with art. 2(2) of the above-mentioned Government Emergency Ordinance No 11 of 13 May 2015, collaterals were established at the value of RON 49380000 (approx. EUR 10616700), i.e. 120 % of the loan.
U skladu s člankom 2. stavkom 2. prethodno navedene Hitne vladine uredbe br. 11 od 13. svibnja 2015. kolateral je utvrđen na vrijednost od 49380000 RON (oko 10616700 EUR), odnosno 120 % zajma.
Loan representing aid granted in accordance with the rescue aid decision and interest — ‘the rescue aid loan’
Zajam koji čini potporu dodijeljenu u skladu s odlukom o potpori za sanaciju i kamate – „zajam za potporu za sanaciju”
On the basis of Government Emergency Ordinance No 22 of 24 June 2015 regarding the granting of a loan to CE Hunedoara S.A., a loan convention was entered into on 14 July 2015 between the Ministry of Public Finances, CE Hunedoara and the Ministry of Energy, SMEs and Business Environment.
Na temelju Hitne vladine uredbe br. 22 od 24. lipnja 2015. o odobrenju zajma društvu CE Hunedoara S.A. Ministarstvo javnih financija, CE Hunedoara i Ministarstvo energetike, MSP-ova i poduzetništva 14. srpnja 2015. sklopili su ugovor o zajmu.
The above mentioned loan convention foresaw the granting of a principal amount of RON 167000000 (approx. EUR 35905000) to CE Hunedoara, divided into two tranches; the first tranche amounting to RON 98476900 (approx. EUR 21172533) was granted on 20 July 2015, while the second tranche of RON 68523100 (approx. EUR 14732466) was no longer granted as CE Hunedoara failed to reimburse another loan, which was granted on the basis of Government Emergency Ordinance No 11/2015 and which related to the repayment of the Decision regarding the incompatible aid (see point (d) above).
U prethodno navedenom ugovoru o zajmu bilo je predviđeno odobrenje glavnice u iznosu od 167000000 RON (oko 35905000 EUR) za društvo CE Hunedoara, podijeljenom na dvije tranše: prva tranša u iznosu od 98476900 RON (oko 21172533 EUR) odobrena je 20. srpnja 2015., dok druga tranša u iznosu od 68523100 RON (oko 14732466 EUR) nije više bila odobrena jer društvo CE Hunedoara nije uspjelo vratiti drugi zajam, koji mu je odobren na temelju Hitne vladine uredbe br. 11/2015 i koji se odnosio na ostvarivanje povrata na temelju odluke o nespojivoj potpori (vidjeti prethodnu točku (d)).
The maturity of the rescue aid loan was 6 months i.e. for the period April — September 2015; however, due to the reasons explained above, CE Hunedoara only received the first tranche of the loan.
Dospijeće zajma za potporu za sanaciju iznosilo je šest mjeseci, odnosno od travnja do rujna 2015.; međutim, zbog prethodno objašnjenih razloga društvo CE Hunedoara primilo je samo prvu tranšu zajma.
The agreed interest rate of the loan was set at the value of ROBOR 6 months plus 5 %, i.e. 6,57 % per year and was set to remain fixed throughout the loan period.
Dogovorena kamatna stopa zajma utvrđena je na vrijednost šestomjesečnog ROBOR-a uvećanu za 5 %, tj. na 6,57 % godišnje, i trebala je ostati fiksna tijekom cijelog razdoblja zajma.
In accordance with Article 3(3) of the above mentioned Government Emergency Ordinance No 22 of 24 June 2015, collaterals were established at the value of RON 123960000, (approx. EUR 26651400) i.e. 120 % of the loan.
U skladu s člankom 3. stavkom 3. prethodno navedene Hitne vladine uredbe br. 22 od 24. lipnja 2015. kolateral je utvrđen na vrijednost od 123960000 RON (oko 26651400 EUR), odnosno 120 % zajma.
In the opening decision the Commission preliminarily found that the five publicly financed or supported loans granted to or benefitting CE Hunedoara could constitute State aid within the meaning of Article 107(1) TFEU still outstanding for an amount of 337 million RON (approx. EUR 73 million) in total as of 30 June 2016.
Komisija je u odluci o pokretanju postupka privremeno zaključila da bi pet zajmova financiranih javnim sredstvima ili danih uz potporu javnih sredstava društvu CE Hunedoara ili u korist tog društva moglo činiti državnu potporu u smislu članka 107. stavka 1. UFEU-a, čiji je iznos od ukupno 337 milijuna RON (oko 73 milijuna EUR) do 30. lipnja 2016. i dalje nepodmiren.
In the opening decision the Commission also raised doubts if the conditions for compatibility with the internal market under Article 107(3)(c) TFEU for restructuring aid set out in the R&R aid Guidelines were met.
U odluci o pokretanju postupka Komisija je izrazila sumnje i u pogledu toga jesu li ispunjeni uvjeti spojivosti s unutarnjim tržištem iz članka 107. stavka 3. točke (c) UFEU-a za potporu za restrukturiranje utvrđeni u Smjernicama o potporama za sanaciju i restrukturiranje.
The Commission pointed out that the Romanian authorities had not submitted a valid restructuring plan or a clear liquidation plan under a reasonable timeline for the company, and no identifiable and valid contribution by CE Hunedoara to the restructuring costs, nor measures limiting distortions of competition could be identified, which are conditions for compliance of the restructuring aid with the R&R aid Guidelines.
Komisija je istaknula da rumunjska tijela nisu dostavila valjan plan restrukturiranja ni jasan plan likvidacije u razumnom vremenskom okviru za društvo te da nisu utvrđeni prepoznatljiv i valjan doprinos društva CE Hunedoara troškovima restrukturiranja ni mjere kojima bi se ograničilo narušavanje tržišnog natjecanja, što su uvjeti za spojivost potpore za restrukturiranje sa Smjernicama o potporama za sanaciju i restrukturiranje.
Finally, CE Hunedoara had not repaid neither the rescue aid nor the loan, which allowed it to repay past incompatible aid.
Naposljetku, društvo CE Hunedoara nije vratilo ni potporu za sanaciju ni zajam koji mu je omogućio vraćanje prethodne nespojive potpore.
In the opening decision, in order to allow an assessment of whether the loans at issue would have been available to CE Hunedoara on the financial markets and were granted at market conditions, the Commission requested Romania to submit
U odluci o pokretanju postupka Komisija je, kako bi se moglo ocijeniti bi li predmetni zajmovi bili dostupni društvu CE Hunedoara na financijskim tržištima i jesu li odobreni po tržišnim uvjetima, od Rumunjske zatražila da dostavi