natgillin/translations-raw huggingface dataset:
Such a conversion implies a potential loss of value, considering that the State exchanged its position as creditor to that of shareholder, thereby foregoing State resources in the form of debts it decided not to enforce.
Točnije, članak 107. stavci 2. i 3.
In addition, in case of a potential liquidation of the company, a shareholder would by definition be less likely to collect its capital than a creditor, so that the conversion of debt owed to the State into capital has the effect of foregoing potential State resources.
UFEU-a čine pravnu osnovu u skladu s kojom se određene mjere potpore mogu smatrati spojivima s unutarnjim tržištem.
Since the measure was provided to an individual undertaking, namely HDS, the Commission concludes that it was selective.
U skladu sa sudskom praksom Suda državi članici prepušta se da se pozove na moguće temelje spojivosti i pokaže da su uvjeti za takvu spojivost ispunjeni.
As stated above, an advantage within the meaning of Article 107(1) TFEU is any economic benefit which an undertaking could not have obtained under normal market conditions.
Grčka tijela nisu se pozvala ni na kakve moguće temelje spojivosti.
In this regard, the Commission has not received any convincing evidence from the Greek authorities which would justify their argument that since the State acted as a reasonable market investor, the capital increases in question were obtained under normal market conditions and could, therefore, not constitute an advantage.
Ustrajala su na tome da su 1. i 3. mjera bile usmjerene isključivo na potporu vojnoj proizvodnji važnoj za osnovne sigurnosne interese Grčke te da 3. mjera ni u kojem slučaju ne čini državnu potporu u smislu članka 107. stavka 1.
The Commission observes that the various capital increases subscribed in the course of 2011 between May 2011 and December 2011 by the Greek State as a shareholder were not supported by any prospective analysis of returns on the purported investment that a rational investor would have examined and taken into account before deciding on the investment.
UFEU-a jer njome HDS nije ostvario nikakvu prednost, već je ona provedena u skladu s ponašanjem ulagača u tržišnom gospodarstvu.
The capital increases were conducted, as explained by Greece, with a view to ensuring HDS viability given its decisive role in national defence and security.
Međutim, s obzirom na to da mjere čine državnu potporu Komisija je smatrala da je ipak primjereno ocijeniti spojivost mjera u skladu s člankom 107. stavkom 3. točkom (c) UFEU-a u skladu s kojim se „potpore za olakšavanje razvoja određenih gospodarskih djelatnosti ili određenih gospodarskih područja ako takve potpore ne utječu negativno na trgovinske uvjete u mjeri u kojoj bi to bilo suprotno zajedničkom interesu” mogu smatrati spojivima s unutarnjim tržištem.
In any event, the amount of the capital increases were insufficient to cover the negative equity of HDS and could, therefore, not be seen as a measure protecting the company's value and supporting its restructuring.
Kako bi se utvrdilo da je potpora spojiva s unutarnjim tržištem u skladu s ovim člankom, potpora mora ispuniti jasno definiran cilj zajedničkog interesa, biti potrebna i razmjerna tom cilju, imati učinak poticaja, ne smije utjecati na tržišno natjecanje i trgovinu unutar EU-a u mjeri u kojoj bi to bilo suprotno zajedničkom interesu i mora biti u skladu s načelima transparentnosti.
In that respect, it follows from the information transmitted by Greece that there is no evidence of any ex ante economic analysis carried out by the State as to whether the conversion of the claims stemming from the calling of the guarantees into capital was economically more advantageous than keeping or enforcing those claims.
Međutim, Komisija primjećuje da ne može utvrditi nikakav cilj zajedničkog interesa koji se možda nastojao ostvariti potporom, a to nisu tvrdila ni grčka tijela kako je prethodno navedeno.
A market creditor would normally examine which course of action is economically more advantageous before deciding it.
Čak i kada bi se HDS smatralo poduzećem u teškoćama, pri čemu bi se spojivost potpore trebalo ocijeniti na temelju Smjernica za sanaciju i restrukturiranje iz 2004., Komisija primjećuje da je jasno da uvjeti spojivosti iz tih Smjernica nisu ispunjeni u slučaju 1. mjere (državna jamstva) ni 3. mjere (povećanja kapitala).
For the assessment of whether the State granted an advantage to HDS when providing the capital increases in question, it must be established whether it acted in the same way as a market economy operator in a similar situation.
Potpora nije prestala vrijediti nakon šest mjeseci, a grčka tijela nisu priopćila pa čak ni izradila plan restrukturiranja kojim bi se ponovno uspostavila održivost društva i pritom nisu provedene kompenzacijske mjere kako bi se ublažilo narušavanje tržišnog natjecanja nastalog zbog potpore.
Such a market economy operator would not take public policy considerations into account.
Nije dokazano da su potpore ograničene na potreban minimum, posebno na temelju znatnog vlastitog doprinosa korisnika potpore.
In this regard, the argument presented by the Greek authorities regarding the preservation of a company which is relevant for the essential security interests of the country can, therefore, not be taken into account as a consideration a market economy investor would take into account and is, as such, not relevant for the assessment of the capital increases in question.
Naposljetku, nadležna tijela nisu dostavila ni plan likvidacije.
Even in the absence of contemporary evidence that the Greek authorities carried out the analysis mentioned in recital 108, it is manifest from the figures available that the conversion was less advantageous than the status quo of keeping the debt claims.
Komisija nije pronašla nijedan drugi mogući temelj za spojivost 1. i 3. mjere.
Indeed, as a matter of fact, the amount of long-term and short-term liabilities owed in 2011 by HDS as reported in its balance sheet was EUR 1008 million.
S obzirom na navedeno Komisija zaključuje da državna potpora dodijeljena HDS-u kroz 1. i 3. mjere nije spojiva s unutarnjim tržištem.
Given the already negative equity of EUR 537 million recorded the same year and the inability to sell the company's military assets, the State would most likely not have recovered any portion of the increased equity totalling EUR 154,19 million in case of liquidation of the company or continuation without prospects of return.
Iznos potpore koji treba vratiti
A market creditor would have thus maintained the debt claims which had a necessarily higher probability, however low, of producing a positive return than the conversion into equity.
U skladu s Ugovorom i utvrđenom sudskom praksom Komisija je nadležna odlučiti da predmetna država članica mora ukinuti ili izmijeniti potporu kada utvrdi da je potpora nespojiva s unutarnjim tržištem.
Debt claims (even unsecured ones) are ranked higher, in terms of priority of creditors, than shareholders' claims.
Sud je isto tako dosljedno smatrao da obveza države članice da ukine potporu koju Komisija smatra nespojivom s unutarnjim tržištem služi u svrhu ponovne uspostave prethodne situacije.
The same considerations are applicable mutatis mutandis to the injection of additional fresh capital totalling EUR 4 million.
U tom kontekstu Sud je utvrdio da će taj cilj biti ostvaren kada primatelj vrati iznose koji su mu dodijeljeni u okviru nezakonite potpore, čime će izgubiti prednost koju je imao nad konkurentima na tržištu te će se uspostaviti situacija koja je postojala prije isplate potpore.
No market investor would forego the amounts subscribed in the absence of any ex ante perspective of returns.
U skladu sa sudskom praksom u članku 16. stavku 1.
This stems from the fact that the Greek authorities have failed to provide any ex ante economic analysis of future profitability and also from the examination of the past and present financial performance of HDS in terms of actual or potential returns for the shareholder portrayed in Table 1.
Uredbe Vijeća (EU) 2015/1589 utvrđeno je da „[k]ada se u slučajevima nezakonite potpore donesu negativne odluke, Komisija donosi odluku kojom se od dotične države članice zahtijeva da poduzme sve potrebne mjere za povrat sredstava potpore od korisnika […]”.
Indeed, it is manifest from the financial performance of HDS since 2004 that the company did not provide any return in terms of dividends from the capital invested.
Slijedom toga, budući da su 1. i 3. mjera provedene protivno članku 108.
Meanwhile, until 2011, the shareholder equity went from slightly positive (EUR 41 million) to significantly negative (minus EUR 537 million), thus consuming all the capital invested by the shareholders and cancelling out, in the absence of a credible business restructuring plan, any hypothetical expectation of future increase of the value of the holding.
UFEU-a te se trebaju smatrati potporom koja je nezakonita i nespojiva s unutarnjim tržištem, iznos neopravdane prednosti pružene na temelju tih mjera mora se vratiti kako bi se ponovno uspostavila situacija koja je na tržištu postojala prije dodjele potpore.
Consequently, the Commission considers that a reasonable market investor would not have participated in HDS' share capital increases under those conditions, in particular without a credible business restructuring plan showing an ex ante prospect of restoring HDS' viability and an adequate return on the investment for the State as a shareholder and any foreseeable prospect of such return from the figures provided by Greece.
Kao takav, povrat mora obuhvaćati razdoblje tijekom kojeg je korisniku dodijeljena prednost; drugim riječima razdoblje od trenutka kada je potpora korisniku stavljena na raspolaganje do trenutka stvarnog povrata.
As such, the Commission concludes that the State's participation in the 2011 capital increases provided the beneficiary with an advantage, corresponding to the full amount of the capital increases.
Iznosima koje je potrebno vratiti stoga su obuhvaćene kamate koje se naplaćuju do stvarnog povrata.
The tranches of the measure and the granting dates are provided in Table 4.
U skladu s mjerodavnom sudskom praksom kamata na iznos povrata obračunava se od dana na koji je potpora stvarno stavljena na raspolaganje korisniku.
The Commission considers that for the reasons set out in recitals 99 and 100, measure 3 was capable of affecting competition and trade between Member States.
Međutim, Komisija je zaključila da se za dio proizvodnje HDS-a koji se odnosio na vojnu opremu može smatrati da se nalazi unutar područja primjene članka 346. stavka 1. točke (b) UFEU-a.
Conclusion with regard to the existence of State aid within the meaning of Article 107(1) TFEU for measure 3
Prva i treća mjera izuzete su iz ocjene na temelju odredbi o državnim potporama Ugovora u dijelu u kojem je korist od njih ostvarivao taj dio proizvodnje.
In light of the above, the Commission concludes that the capital increases defined as measure 3, granted to HDS by Greece and described in recitals 42 to 47, constitute, to the extent that they benefitted the civil activities of HDS, State aid within the meaning of Article 107(1) TFEU.
Stoga je potrebno podijeliti javno financiranje na dva dijela proizvodnje, točnije na vojni i civilni dio, kako bi se mogao utvrditi iznos nespojive potpore koju civilni dio treba vratiti.
Conclusion on existence of State aid
Kako bi se utvrdilo u kojoj je mjeri civilna proizvodnja ostvarila korist od državne potpore utvrđene u 1. i 3. mjeri zbog nepostojanja odvojenog računovodstva, Komisija će se, u skladu s relevantnom sudskom praksom, osloniti na zamjensku vrijednost te će razmotriti podjelu prodaje vojnih proizvoda HDS-a i civilnih proizvoda te u skladu s tim utvrditi prednost koja je proizašla iz 1. i 3. mjere.
In the light of the above and to the extent to which measures 1 and 3 benefitted the civil production of HDS, the Commission considers that they constitute State aid within the meaning of Article 107(1) TFEU.
Komisija smatra primjerenim upotrijebiti postotak prodaje vojnih i civilnih proizvoda u razdoblju od 2004. do 2011., kako su navela grčka tijela (vidjeti prethodnu uvodnu izjavu 24.), s obzirom na to da ona obuhvaća razdoblje u kojem su mjere dodijeljene.
Unlawful aid
U tom je razdoblju vojna proizvodnja činila 94,34 % prodaje, dok je civilna proizvodnja činila 5,66 %.
Measures 1 and 3 constitute State aid and were granted in breach of the notification and stand-still obligations established in Article 108(3) TFEU.
Stoga Komisija smatra da je potpora korisniku stavljena na raspolaganje u vrijeme kada je pristojbe za jamstvo trebao platiti izvorni HDS (tj. prije podjele na civilni i vojni HDS).
Consequently, those measures constitute unlawful State aid.
Kad je riječ o dijelovima zajamčenih zajmova iz 2011. koji nisu iskorišteni, Komisija primjećuje sljedeće o iznosu glavnice zajma koju bi trebalo upotrijebiti u metodologiji opisanoj u uvodnoj izjavi 91.
Compatibility of the aid
Budući da se grčka država obvezala na jamstva za puni iznos od 40 milijuna EUR, mora se smatrati da je jamstvo odobreno za 40 milijuna EUR.
The prohibition of State aid laid down in Article 107(1) TFEU is neither absolute nor unconditional.
U trenutku kada je grčka država preuzela tu obvezu HDS-u je zaista dano zakonsko pravo da primi potporu na temelju iznosa od 40 milijuna EUR koji je trebao pozajmiti.
In particular, paragraph 2 and 3 of Article 107 TFEU constitute legal bases allowing some aid measures to be considered compatible with the internal market.
Međutim, budući da HDS nije kao zajmove uzeo puni iznos od 40 milijuna EUR, trebalo bi smatrati da je potpora isplaćena samo u iznosu koji je stvarno pozajmljen u okviru zajamčenih zajmova, točnije 7095858 EUR za zajam 10. te nikakva sredstva za zajam 11.
According to the case-law of the Court of Justice, it is up to the Member State to invoke possible grounds of compatibility and to demonstrate that the conditions for such compatibility are met.
Iako se stoga puni iznos odobrene potpore (čak i ako nije isplaćena) mora ukinuti za buduća razdoblja, za izračun iznosa koji treba vratiti prema metodologiji opisanoj u uvodnoj izjavi 91. kao glavnica zajma mora se upotrijebiti samo iznos koji je dosad stvarno isplaćen na temelju tih zajamčenih zajmova.
The Greek authorities did not invoke any possible grounds of compatibility.
Za 3. mjeru odgovarajuća državna potpora koju treba vratiti iznosi 8953593,86 EUR.
They insisted that measures 1 and 3 aimed exclusively at supporting the military production relevant for the essential security interests of Greece and, as regards measure 3, that it did not in any event constitute State aid within the meaning of Article 107(1) TFEU since it did not grant any advantage to HDS but was carried out in line with the behaviour of a market economy investor.
Kad je riječ o povratu kamata, Komisija smatra da se one moraju izračunati od datuma na koje je potpora stvarno stavljena na raspolaganje ili je ostvarena za svaku mjeru (jamstvo ili povećanje kapitala).
However, given that the measures constitute State aid, the Commission has considered it appropriate to, nevertheless, assess them with regards to their compatibility under Article 107(3)(c) TFEU, according to which ‘aid to facilitate the development of certain economic activities or of certain economic areas, where such aid does not adversely affect trading conditions to an extent contrary to the common interest’ may be considered compatible with the internal market.
Nadalje, Komisija je u sličnom predmetu smatrala da bi nespojivu potporu trebao vratiti samo civilni dio društva kojem je pružena potpora kako bi se osiguralo da se povrat ne pokrije sredstvima koja bi u suprotnom koristila vojnoj aktivnosti.
In order to be found compatible with the internal market under that Article, aid must meet a clearly-defined objective of common interest, be necessary and proportional to this objective, have an incentive effect, must not affect competition and intra-EU trade to an extent contrary to the common interest and comply with the transparency principles.
U ovom predmetu Komisija uzima u obzir podjelu HDS-a na dva društva sljednika, točnije na vojni i civilni HDS.
However, the Commission observes that it cannot identify any objective of common interest that might have been pursued by the aid, which, as was stated above, was also not argued by the Greek authorities.
Na temelju dodjele imovine i proizvodnog kapaciteta (vidjeti uvodne izjave od 54. do 55.) civilni HDS sljednik je civilne proizvodnje HDS-a.
Even if HDS were to be considered a firm in difficulty, in which case the compatibility of the aid would need to be assessed under the 2004 Rescue and Restructuring Guidelines, the Commission observes that the compatibility conditions under those Guidelines are clearly not fulfilled for measure 1 (State guarantees) as well as measure 3 (capital increases).
To se osobito temelji na činjenici da je sva imovina povezana s civilnom proizvodnjom izvornog HDS-a u cijelosti prenesena civilnom HDS-u, uključujući sva zemljišta i proizvodna postrojenja, strojeve, opremu, prijevozna sredstva, gotove i nedovršene proizvode, sirovine i potraživanja od klijenata koji su kupili civilne proizvode izvornog HDS-a.
There is no evidence that the aid was limited to the minimum necessary, notably through a significant own contribution of the aid beneficiary.
Stoga se nespojiva potpora proizašla iz 1. i 3. mjere mora vratiti iz prihoda i imovine civilnog HDS-a, a bilo kakva potpora koja proizlazi iz 1. mjere koja bi se ostvarila u budućnosti mora se ukinuti.
Finally, the authorities did not provide a liquidation plan either.
Naposljetku, Komisija podsjeća da, u skladu s ustaljenom sudskom praksom, činjenica da su poduzeća možda u teškoćama ili u stečaju ne utječe na obvezu povrata nespojive potpore.
The Commission has not identified any other possible grounds for the compatibility of measures 1 and 3.
U tim okolnostima ponovna uspostava situacije koja je na tržištu postojala prije dodjele potpore, a time i uklanjanje narušavanja tržišnog natjecanja, može se u načelu postići unosom obveze koja se odnosi na otplatu potpore u popis obveza.
In the light of the above, the Commission concludes that the State aid granted to HDS through measures 1 and 3 is incompatible with the internal market.
Ako državna tijela ne mogu vratiti potpuni iznos potpore, unosom obveze ispunjava se obveza povrata samo ako stečajni postupak završi likvidacijom predmetnog poduzeća, odnosno konačnim prestankom poslovanja .
Aid amount to be recovered
ZAKLJUČAK
According to the Treaty and established case-law, the Commission is competent to decide that the Member State concerned must abolish or alter aid when it has found that it is incompatible with the internal market.
Druga mjera izuzeta je iz primjene odredbi o državnim potporama Ugovora na temelju njegova članka 346. stavka 1. točke (b).
The Court has also consistently held that the obligation on a Member State to abolish aid regarded by the Commission as being incompatible with the internal market is designed to re-establish the previously existing situation.
Iz primjene odredbi o državnim potporama Ugovora na temelju njegova članka 346. stavka 1. točke (b) izuzeti su i dijelovi 1. i 3. mjere koji se odnose na vojnu proizvodnju HDS-a.
In this context, the Court has established that this objective is attained once the recipient has repaid the amounts granted by way of incompatible aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market and the situation prior to the payment of the aid has been restored.
Prva i treća mjera čine državnu potporu u smislu članka 107. stavka 1.
In accordance with the case-law, Article 16(1) of Council Regulation (EU) 2015/1589 lays down that that ‘(w)here negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary […]’.
UFEU-a u dijelu u kojem je od njih korist ostvarila civilna proizvodnja HDS-a.
Consequently, since measure 1 and measure 3 were implemented in breach of Article 108 TFEU and are to be considered aid that is unlawful and incompatible with the internal market, the amount of undue advantage disbursed on the basis of those measures must be recovered in order to re-establish the situation that existed on the market before the aid was granted.
Grčka je nezakonito provela tu državnu potporu protivno članku 108. stavku 3.
As such, recovery must cover the period during which the advantage was conferred on the beneficiary; that is to say from the time the aid was made available to the beneficiary until it was actually recovered.
UFEU-a te je mjera nespojiva s unutarnjim tržištem.
The sums to be recovered should therefore include interest due until recovery takes place.
Moraju se vratiti iznosi dodijeljeni civilnoj proizvodnji HDS-a.
In accordance with the relevant case-law, the recovery interest accrues from the date on which the aid was actually made available to the beneficiary.
DONIJELA JE OVU ODLUKU:
However, the Commission has concluded that the part of HDS' production which concerned military material can be considered to fall within the scope of application of Article 346(1)(b) TFEU.
Članak 1.
To the extent that they benefitted this part of the production, measures 1 and 3 are exempt from an assessment under the State aid provisions of the Treaty.
Javna bespovratna sredstva koja je Grčka 2003. dodijelila društvu Hellenic Defence Systems S.A. za provedbu plana ulaganja za modernizaciju industrijskog postrojenja Aeghion izuzeta su iz primjene odredbi o državnim potporama Ugovora o funkcioniranju Europske unije na temelju njegova članka 346. stavka 1. točke (b).
It is, therefore, necessary to apportion the public funding between the two sides of the production, namely military and civil, in order to be able to establish the amount of incompatible aid to be recovered from the civil side.
Mjere dodijeljene društvu Hellenic Defence Systems S.A., koje se odnose na njegovu vojnu proizvodnju, u obliku i. državnih jamstava u razdoblju od 2004. do 2011. i ii. sudjelovanja države u povećanju kapitala društva iz 2011. izuzete su iz primjene odredbi o državnim potporama Ugovora o funkcioniranju Europske unije na temelju njegova članka 346. stavka 1. točke (b).
In order to determine to which extent the State aid identified in measures 1 and 3 benefited the civil production in the absence of separate accounts, the Commission, following relevant case practice, will rely on a proxy and will consider the division between HDS' sales of military products and those of civil products and allocate accordingly the advantage deriving from measures 1 and 3.
Članak 2.
The Commission considers it appropriate to use the percentage of military and civil product sales for the period 2004-2011 as provided by the Greek authorities (see recital 24 above) given that it covers the period during which the measures were granted.
Grčka je društvu Hellenic Defence Systems S.A. nezakonito dodijelila državnu potporu koja se odnosi na njegovu civilnu proizvodnju, u obliku i. državnih jamstava u razdoblju od 2004. do 2011. i ii. sudjelovanja države u povećanju kapitala društva iz 2011. protivno članku 108. stavku 3.
During that period, the military production represented 94,34 % of the sales, while the civil production represented 5,66 %.
Ugovora o funkcioniranju Europske unije te je ta državna potpora nespojiva s unutarnjim tržištem.
As regards measure 1, this means that the State aid granted in relation to the civil activity, which has to be recovered as incompatible aid, corresponds to 5,66 % of the amount calculated on the basis of the methodology of determination of the economic advantage explained in recital 89 for the guarantees granted for loans obtained in the period 2004-2006 and in recital 91 for the guarantees granted for loans obtained in the period 2007-2011.
Članak 3.
The advantage has been materialised in the form of payments of lower guarantee fees.
Grčka mora osigurati povrat nespojive potpore iz članka 2. od sljednika korisnika, odnosno od društva Hellenic Civilian Production Systems Industrial Commercial Ltd.