natgillin/translations-raw huggingface dataset:
The 2020 Convergence Programme provides information on the medium-term strategy to support the economy, which consists of using the fiscal space created in recent years to minimize the economic fallout of the COVID-19 pandemic by providing support to otherwise viable businesses and employment.
Program konvergencije za 2020. pruža informacije o srednjoročnoj strategiji za potporu gospodarstvu, koja podrazumijeva korištenje fiskalnog prostora nastalog posljednjih godina za ublažavanje gospodarskih posljedica pandemije bolesti COVID-19 pružanjem potpore inače održivim poduzećima i zapošljavanju.
The economic fallout of the COVID-19 pandemic is expected to be particularly pronounced in Croatia, due to the large share of tourism in its gross value added as well as substantial exposure through main trading partners.
Očekuje se da će gospodarske posljedice pandemije bolesti COVID-19 u Hrvatskoj biti posebno vidljive zbog velikog udjela turizma u bruto dodanoj vrijednosti i znatne izloženosti preko glavnih trgovinskih partnera.
The total impact of those measures is projected at 3.9% of GDP, out of which 2.7% of GDP is deficit-increasing, and the rest are liquidity measures (tax deferrals).
Predviđa se da će ukupni učinak tih mjera iznositi 3,9 % BDP-a, od čega 2,7 % BDP-a ima učinak povećanja deficita, a ostatak su mjere likvidnosti (odgoda plaćanja poreza).
Against this background, the Commission has therefore prepared this report, which analyses Croatia's compliance with the deficit and debt criteria of the Treaty.
Komisija je stoga pripremila ovo izvješće, u kojem je analizirala ispunjava li Hrvatska kriterije deficita i duga iz Ugovora.
The government debt-to-GDP ratio decreased from 74.7% in 2018 to 73.2% in 2019.
Udio državnog duga u BDP-u smanjio se sa 74,7 % u 2018. na 73,2 % u 2019.
That outlook is marked by an exceptional degree of uncertainty on the duration of the pandemic and its economic impact as it depends largely on the effectiveness of government measures and how quickly global demand rebounds.
Ti su izgledi vrlo nepouzdani zbog trajanja i gospodarskih posljedica pandemije, koji uvelike ovise o učinkovitosti vladinih mjera i brzini oporavka globalne potražnje.
The projected sharp drop in GDP is a mitigating factor in the assessment of Croatia's compliance with the deficit criterion in 2020.
Predviđeni nagli pad BDP-a olakotni je čimbenik u procjeni usklađenosti Hrvatske s kriterijem deficita u 2020.
Although still relatively high, government debt decreased markedly, helped by three consecutive years of government surpluses.
Iako i dalje relativno visok, državni dug znatno se smanjio, čemu je pridonio trogodišnji državni suficit.
In that respect, the three key measures taken were the wage subsidy for businesses which retain employees, tax deferrals and tax cancellation for hardest-hit businesses.
U tom su pogledu donesene tri ključne mjere, odnosno potpore poduzećima za očuvanje radnih mjesta, odgoda plaćanja poreza i oslobođenje od podmirivanja poreznih obveza za najteže pogođena poduzeća.
Taking into account the impact of the COVID-19 pandemic, the Commission 2020 spring forecast projects a contraction of real GDP in 2020 by 9.1%.
Uzimajući u obzir utjecaj pandemije bolesti COVID-19, u Komisijinoj proljetnoj prognozi 2020. predviđa se pad realnog BDP-a u 2020. za 9,1 %.
The reduction of debt was driven by solid GDP growth and a headline surplus, which was partly offset by a sizable gross debt-increasing stock-flow adjustment as the government issued debt in excess of its financing needs and used the surplus to build up deposits.
Smanjenje duga bilo je potaknuto stabilnim rastom BDP-a i ukupnim suficitom, ali je djelomično neutralizirano znatnom prilagodbom stanja i tokova s učinkom povećanja duga, do čega je došlo jer je država izdala više dužničkih instrumenata nego što je bilo potrebno za zadovoljenje njezinih financijskih potreba i višak iskoristila za stvaranje depozita.
The notified data show that Croatia complied with the debt reduction benchmark in 2019, as the gap to the benchmark is −2.7% of GDP (i.e. overachieving the benchmark).
Dostavljeni podaci pokazuju da je Hrvatska u 2019. bila usklađena s referentnom vrijednosti za smanjenje duga jer je razlika u odnosu na referentnu vrijednost −2,7 % BDP-a (tj. premašuje referentnu vrijednost).
Overall, the Convergence Programme projects a deficit of 6.8% of GDP in 2020, followed by a recovery to 2.4% of GDP in 2021.
Općenito, u Programu konvergencije predviđa se deficit od 6,8 % BDP-a u 2020. nakon čega slijedi oporavak na 2,4 % BDP-a u 2021.
In particular, while the government debt position worsens as a result of the COVID-19 crisis, the debt ratio in the baseline is expected to be on a sustainable (declining) trajectory over the medium term.
Konkretno, iako se zbog krize uzrokovane pandemijom bolesti COVID-19 stanje državnog duga pogoršalo, udio duga u osnovnom scenariju trebao bi u srednjoročnom razdoblju biti održiv (opadajući).
As specified in Article 2(4) of Regulation (EC) No 1467/97, as regards compliance with the deficit criterion in 2020, since the government debt-to-GDP ratio exceeds the 60% reference value and the double condition is not met - i.e. that the deficit remains close to the reference value and that its excess over the reference value is temporary - those relevant factors cannot be taken into account in the steps leading to the decision on the existence of an excessive deficit on the basis of the deficit criterion for Croatia.
Kako je utvrđeno u članku 2. stavku 4. Uredbe (EZ) br. 1467/97 kad je riječ o ispunjenju kriterija deficita u 2020., budući da udio državnog duga u BDP-u premašuje referentnu vrijednost od 60 % i da dvostruki uvjet nije ispunjen, tj. da deficit ostane blizu referentne vrijednosti i da je prekoračenje referentne vrijednosti privremeno, ti se relevantni čimbenici ne mogu uzeti u obzir u postupcima koji prethode odluci o postojanju prekomjernog deficita na temelju kriterija deficita za Hrvatsku.
According to the Commission 2020 spring forecast, general government debt is expected to rise from 73.2% of GDP in 2019 to 88.6% by 2020.
Prema Komisijinoj proljetnoj prognozi 2020. očekuje se rast duga opće države sa 73,2 % BDP-a u 2019. na 88,6 % BDP-a u 2020.
Domestic demand is expected to contract sharply due to relatively strong suppression measures that were put in place in mid-March, phasing out of which began in late April.
Zbog relativno strogih mjera za suzbijanje širenja pandemije koje su uvedene sredinom ožujka i čije je postupno ukidanje započelo krajem travnja očekuje se veliko smanjenje domaće potražnje.
The debt sustainability analysis has been updated on the basis of that forecast.
Na temelju te prognoze ažurirana je analiza održivosti duga.
Cost competitiveness gains and Croatia's accession to the Union supported the strong export growth until 2019.
Uniji pridonijeli su snažnom rastu izvoza do 2019.
The general government gross debt stood at 73.2% of GDP at the end of 2019, above the 60% of GDP Treaty reference value.
Bruto dug opće države krajem 2019. iznosio je 73,2 % BDP-a, što je iznad referentne vrijednosti od 60 % BDP-a iz Ugovora.
It allows Member States to depart from the budgetary requirements that would normally apply while enabling the Commission and the Council to undertake the necessary policy coordination measures within the framework of the Pact.Data notified by the Croatian authorities on 31 March 2020 and subsequently validated by Eurostat 1 show that the general government balance in Croatia reached +0.4% of GDP in 2019, while general government gross debt stood at 73.2% of GDP.
Iz podataka koje su hrvatska nadležna tijela dostavila 31. ožujka 2020. i koje je naknadno potvrdio Eurostat 1 vidljivo je da je u 2019. saldo opće države u Hrvatskoj dosegnuo +0,4 % BDP-a, dok je bruto dug opće države iznosio 73,2 % BDP-a.
Based on the 2020 Convergence Programme, Croatia's general government deficit in 2020 is planned to reach 6.8% of GDP, above and not close to the Treaty reference value of 3% of GDP.
Na temelju Programa konvergencije za 2020. predviđa se da će deficit opće države u Hrvatskoj u 2020. dosegnuti 6,8 % BDP-a, što je iznad, a ne blizu referentne vrijednosti od 3 % BDP-a iz Ugovora.
According to the 2020 Convergence Programme, Croatia plans a deficit of 6.8% of GDP in 2020, while debt is planned at 86.7% of GDP.
Hrvatska u 2020. planira deficit od 6,8 % BDP-a i dug od 86,7 % BDP-a.
Based on outturn data and the Commission 2020 spring forecast, Croatia was compliant with its medium term budgetary objective in 2019.
Hrvatska je u 2019. ispunila svoj srednjoročni proračunski cilj.
Croatia complied with the debt reduction benchmark in 2019.
Hrvatska je 2019. bila usklađena s referentnom vrijednosti za smanjenje duga.
According to the Convergence Programme, Croatia's general government deficit in 2020 is planned to reach 6.8% of GDP, above and not close to the 3% of GDP Treaty reference value.
Prema Programu konvergencije predviđa se da će deficit opće države u Hrvatskoj u 2020. dosegnuti 6,8 % BDP-a, što nije blizu referentne vrijednosti od 3 % BDP-a iz Ugovora, nego iznad nje.
No progress has been made on implementing privatisation projects.
Nije postignut napredak u provedbi projekata privatizacije.
Nominal growth has also been very strong since 2016.
Nominalni rast također je vrlo snažan od 2016.
Note Source: Eurostat, Commission 2020 spring forecast
Napomena Izvor: Eurostat, Komisijina proljetna prognoza 2020.
The increase was mainly due to the issuing of a series of government bonds (EUR 3.2 billion, over 15% of GDP) to finance the one-off government support for the sale and orderly winding down of the Cyprus Cooperative Bank (CCB).
Do povećanja je došlo uglavnom zbog izdavanja niza državnih obveznica (3,2 milijarde EUR, više od 15 % BDP-a) za financiranje jednokratne državne potpore za prodaju i urednu likvidaciju banke Cyprus Cooperative Bank (CCB).
However, those projections are surrounded by an exceptionnally high degree of uncertainty.
Međutim, te su projekcije vrlo nepouzdane.
On 11 May 2020, the Cypriot authorities transmitted a letter with relevant factors in accordance with Article 2(3) of Regulation (EC) No 1467/97.
Ciparska nadležna tijela dostavila su 11. svibnja 2020. dopis s relevantnim čimbenicima u skladu s člankom 2. stavkom 3. Uredbe (EZ) br. 1467/97.
Only limited progress has been made in (i) reforming the public administration and local governments; (ii) focusing investment-related economic policy on sustainable transport, waste and water management, digitalisation and digital skills; (iii) improving the effectiveness of the justice system and payment discipline; (iv) setting up a reliable system to issue and transfer immovable property rights.
Ostvaren je tek ograničen napredak u i. reformi javne uprave i lokalnih vlasti; ii. usmjeravanju gospodarske politike povezane s ulaganjima na održivi promet, gospodarenje otpadom i vodama, digitalizaciju i digitalne vještine; iii. poboljšanju učinkovitosti pravosudnog sustava i platne discipline; iv. uspostavi pouzdanog sustava za izdavanje i prijenos prava povezanih s nekretninama.
This analysis confirms that, notwithstanding risks, the debt position remain sustainable over the medium-term, also given important mitigating factors (including the debt profile).
Ta analiza potvrđuje da je, bez obzira na rizike, stanje duga u srednjoročnom razdoblju i dalje održivo, među ostalim i zbog brojnih olakotnih čimbenika (uključujući profil duga).
More specifically, Cyprus has made some progress notably in improving the governance of State-owned enterprises; facilitating the reduction of non-performing loans; strengthening the effectiveness of the public employment services and outreach to young people; improving R&D ; easing the access to finance for the SMEs, and implementing the first phase of the reform of the National Health Insurance System.
Konkretno, Cipar je ostvario određeni napredak prije svega u boljem upravljanju poduzećima u državnom vlasništvu; smanjivanju loših kredita; jačanju učinkovitosti javnih službi za zapošljavanje i dopiranju do mladih; poboljšanju istraživanja i razvoja; olakšavanju pristupa financiranju za MSP-ove i provedbi prve faze reforme nacionalnog sustava zdravstvenog osiguranja.
Subject to more detailed information, the competent statistical authorities are to examine whether those measures entail an immediate impact on the general government balance.
Nadležna statistička tijela trebaju na temelju detaljnijih informacija ispitati imaju li te mjere neposredan učinak na saldo opće države.
The planned excess over the reference value is considered to be exceptional, and currently considered to be temporary.
Smatra se da je planirano prekoračenje iznimno i zasad se smatra privremenim.
Since 2016, real GDP growth has been growing increasingly above potential, driven by consumption.
Od 2016. rast realnog BDP-a potaknut potrošnjom sve je veći od potencijalnog.
As specified in Article 2(4) of Regulation (EC) No 1467/97, as regards compliance with the deficit criterion in 2020, since the government debt-to-GDP ratio exceeds the 60% reference value and the double condition is not met - i.e. that the deficit remains close to the reference value and that its excess over the reference value is temporary - those relevant factors cannot be taken into account in the steps leading to the decision on the existence of an excessive deficit on the basis of the deficit criterion for Cyprus.
Kako je utvrđeno u članku 2. stavku 4. Uredbe (EZ) br. 1467/97 kad je riječ o ispunjenju kriterija deficita u 2020., budući da udio državnog duga u BDP-u premašuje referentnu vrijednost od 60 % i da dvostruki uvjet nije ispunjen, tj. da deficit ostane blizu referentne vrijednosti i da je prekoračenje referentne vrijednosti privremeno, ti se relevantni čimbenici ne mogu uzeti u obzir u postupcima koji prethode odluci o postojanju prekomjernog deficita na temelju kriterija deficita za Cipar.
In their letter, the Cypriot authorities also stressed the positive evolution of public finances in recent years, as reflected in the general government headline balance surpluses achieved over the last four years (2016-2019), exlcuding one-off impacts related to the CCB.
U svojem dopisu ciparska nadležna tijela naglasila su i pozitivan razvoj javnih financija posljednjih godina, što se odražava u ukupnom suficitu opće države tijekom posljednje četiri godine (2016.-2019.), isključujući jednokratne učinke povezane s bankom CCB.
The excess is considered to be exceptional as defined by the Treaty and the Stability and Growth Pact, while the nature of the excess is currently considered temporary.
Smatra se da je prekoračenje iznimno, kako je definirano u Ugovoru i Paktu o stabilnosti i rastu, i zasad se smatra privremenim.
As regards compliance with the debt criterion in 2019, the relevant factors, in particular (i) the observed macroeconomic conditions; (ii) the limited progress with the implementation of growth enhancing structural reforms in past years, and (iii) the compliance with the medium term budgetary objective, lead to the conclusion that the debt criterion as defined in the Treaty and in Regulation (EC) No 1467/1997 is complied with.
U pogledu usklađenosti s kriterijem duga u 2019., relevantni čimbenici, a posebice i. uočeni makroekonomski uvjeti; i. ograničeni napredak u provedbi strukturnih reformi kojima se potiče rast proteklih godina i iii. usklađenost sa srednjoročnim proračunskim ciljem, upućuju na zaključak da je kriterij duga kako je definiran u Ugovoru i Uredbi (EZ) br. 1467/1997 ispunjen.
Against this background, the Commission has therefore prepared this report, which analyses Cyprus' compliance with the deficit and debt criteria of the Treaty.
Komisija je stoga pripremila ovo izvješće, u kojem je analizirala ispunjava li Cipar kriterije deficita i duga iz Ugovora.
It assesses all relevant factors and gives due consideration to the major economic shock linked to the COVID-19 pandemic.
Ocijenila je sve relevantne čimbenike i uzela u obzir snažan gospodarski udar zbog pandemije bolesti COVID-19.
That increase was due to the one-off government support measures for the sale and orderly winding down of the CCB in 2018.
To je povećanje posljedica jednokratnih mjera državne potpore za prodaju i urednu likvidaciju CCB-a u 2018.
The 2020 Stability Programme provides information on the expected temporary impact on public finances of the package of deficit-increasing measures adopted by the government to fight the pandemic (estimated at 4.4% of GDP).
Program stabilnosti za 2020. pruža informacije o očekivanom privremenom učinku na javne financije paketa vladinih mjera za borbu protiv pandemije koji se ogleda u povećanju deficita (učinak je procijenjen na 4,4 % BDP-a).
The medium-term fiscal outlook is characterised by an exceptional degree of uncertainty concerning both the duration of the pandemic and its economic impact.
Srednjoročni fiskalni izgledi vrlo su nepouzdani zbog trajanja i gospodarskih posljedica pandemije.
As a result of the COVID-19 pandemic, the Commission 2020 spring forecast projects GDP to decline by almost 7½% in 2020, reflecting the disruption in economic activity caused by the travel restrictions and lockdown measures, as well as an expected significant fall in external demand for services, and in particular for tourism.
Zbog pandemije bolesti COVID-19 u Komisijinoj proljetnoj prognozi 2020. predviđa se pad BDP-a za gotovo 7½ % u 2020., što je uzrokovano poremećajima u gospodarskoj aktivnosti zbog ograničavanja putovanja i mjera ograničavanja kretanja te očekivanog znatnog pada vanjske potražnje za uslugama, posebno u turizmu.
Based on outturn data and the Commission forecast, Cyprus' structural balance was in a surplus of 0.1% of GDP in 2019, thus complying with its medium-term bugdetary objective of a balanced structural budget in 2019.
Na temelju podataka o rezultatima i Komisijine prognoze strukturni saldo Cipra bilježi suficit od 0,1 % BDP-a u 2019., čime je ispunio svoj srednjoročni proračunski cilj uravnoteženog strukturnog proračuna u 2019.
The deficit is expected to be primarily due to the deficit-increasing fiscal impact of the measures adopted by the government to fight the pandemic (estimated at 4.4% of GDP) and the assumed contraction of tax revenue in the wake of to the deterioration of the macroeconomic situation.
Očekuje se da će deficit biti prvenstveno posljedica fiskalnog učinka vladinih mjera za borbu protiv pandemije koji se ogleda u povećanju deficita (učinak je procijenjen na 4,4 % BDP-a) i pretpostavljenog smanjenja poreznih prihoda zbog pogoršanja makroekonomske situacije.
Hence, it cannot be argued that macroeconomic conditions are a mitigating factor in explaining Cyprus' lack of sufficient progress towards meeting the debt reduction benchmark in 2019.
Stoga se ne može tvrditi da su makroekonomski uvjeti olakotni čimbenik kojim se objašnjava izostanak dovoljnog napretka Cipra u ispunjavanju referentnog mjerila za smanjenje duga u 2019.
The macroeconomic outlook is marked by a significant degree of uncertainty related to the duration of the pandemic and its economic impact.This is a mitigating factor in the assessment of Cyprus' compliance with the deficit criterion in 2020.
Makroekonomski izgledi prilično su nepouzdani zbog trajanja i gospodarskih posljedica pandemije.To je olakotni čimbenik u procjeni usklađenosti Cipra s kriterijem deficita u 2020.
The authorities also note that the cash buffer has marked an increase equivalent to approximately 2% of GDP at the end of 2019, compared to 2018, notably in view of the planned repayment of the IMF loan in early 2020.
Nadležna tijela napominju i da su gotovinske rezerve krajem 2019. zabilježile povećanje od približno 2 % BDP-a u usporedbi s 2018., posebno s obzirom na planiranu otplatu zajma MMF-a početkom 2020.
Compliance with the preventive arm requirements is a mitigating factor for the assessment of Member State's prima facie non-compliance with the debt criterion in 2019.
Usklađenost sa zahtjevima preventivnog dijela olakotni je čimbenik u procjeni prima facie neusklađenosti države članice s kriterijem duga u 2019.
The improvement of the headline balance in 2019 compared to 2018 mainly reflects the temporary nature of the deficit in 2018, which was due to one-off government support to the banking sector in 2018 (7.4% of GDP).
Poboljšanje ukupnog salda u 2019. u usporedbi s 2018. uglavnom je povezano s privremenom prirodom deficita u 2018., koji je uzrokovan jednokratnom državnom potporom bankarskom sektoru u 2018. (7,4 % BDP-a).
Graph 1: Government debt-to-GDP ratio, Cyprus, % of GDP
Udio državnog duga u BDP-u, Cipar, % BDP-a
Taking into account the impact of the COVID-19 pandemic, the Commission 2020 spring forecast projects a contraction of real GDP growth in 2020 by 7.4%.
Uzimajući u obzir utjecaj pandemije bolesti COVID-19, u Komisijinoj proljetnoj prognozi 2020. predviđa se smanjenje realnog BDP-a u 2020. za 7,4 %.
Hence, the analysis suggests that prima facie the deficit criterion as defined by the Treaty and Regulation (EC) No 1467/97 is not fulfilled.
Stoga analiza upućuje na zaključak da prima facie kriterij deficita kako je definirano u Ugovoru i Uredbi (EZ) br. 1467/97 nije ispunjen.
Data notified by the Cypriot authorities on 31 March 2020 and subsequently validated by Eurostat 1 show that the general government surplus in Cyprus reached 1.7% of GDP in 2019, while general government gross debt stood at 95.5% of GDP 2 .
Iz podataka koje su ciparska nadležna tijela dostavila 31. ožujka 2020. i koje je naknadno potvrdio Eurostat 1 vidljivo je da je u 2019. suficit opće države u Cipru dosegnuo 1,7 % BDP-a, dok je bruto dug opće države iznosio 95,5 % BDP-a.
The notified data show that Cyprus did not comply with the debt reduction benchmark in 2019 (see Table 1), as the gap to the benchmark is 0.1% of GDP.
Iz dostavljenih podataka vidljivo je da Cipar u 2019. nije bio usklađen s referentnim mjerilom za smanjenje duga (vidjeti tablicu 1.) jer razlika do mjerila iznosi 0,1 % BDP-a.
Moreover, the data for 2019 imply a lack of compliance with the debt reduction benchmark,which also provides prima facie evidence of the existence of an excessive deficit as defined by the Stability and Growth Pact.
Nadalje, podaci za 2019. upućuju na nedovoljan napredak u usklađivanju s referentnim mjerilom za smanjenje duga, što je prima facie dokaz o postojanju prekomjernog deficita kako je definirano u Paku o stabilnosti i rastu.
In 2019, the public debt-to-GDP ratio decreased substantially, to 95.5%, driven by a comfortable primary budget surplus as well as by a favourable snowball effect.
U 2019. udio javnog duga u BDP-u znatno se smanjio (na 95,5 %) zahvaljujući povoljnom primarnom proračunskom suficitu i pozitivnom učinku grude snijega.
In that respect, at least the following three main aspects need to be considered when assessing compliance with the debt criterion given their impact on the debt dynamics and sustainability: (i) adherence to the MTO or the adjustment path towards it, (ii) the implementation of structural reforms, and (iii) the prevailing economic conditions.
Stoga se pri ocjeni usklađenosti s kriterijem duga, s obzirom na njihov utjecaj na kretanje i održivost duga, moraju se uzeti u obzir sljedeća tri glavna aspekta: i. pridržavanje srednjoročnog proračunskog cilja ili kretanja prilagodbe prema njegovu ostvarenju, ii. provedba strukturnih reformi i iii. prevladavajući gospodarski uvjeti.
Public investment has fallen from 5.7% of GDP in 2018 to 1.7% in 2019 due to the one-off impact on public investment of the financial support measures to CCB in 2018.
Javna ulaganja smanjila su se sa 5,7 % BDP-a u 2018. na 1,7 % u 2019. zbog jednokratnog učinka mjera financijske potpore namijenjenih CCB-u koji se ogledao u javnim ulaganjima u 2018.
It was partially offset by the debt-increasing impact of stock-flow adjustments in 2019 (+0.4% of GDP), which reflected increased cash reserves held by the government.
To je djelomično neutralizirano učinkom prilagodbe stanja i tokova na povećanje duga u 2019. (+0,4 % BDP-a), što je odraz povećanih novčanih pričuva države.