natgillin/translations-raw huggingface dataset:
In this respect, the pre-deductible nature of the guaranteed loan should be taken into account when assessing the credit risk attached to it.
Ukratko, Italija smatra: i. da je jamstvo dano u skladu s tržišnim uvjetima i ii. da je rizik koji je preuzela država kao jamac gospodarski opravdan i u skladu s cjelokupnom ciljanom profitabilnosti države.
Third, the risk taken by the State has to be assessed against the State's overall profitability objectives.
Konačno, Italija ističe da nije neuobičajeno da kreditne institucije koje su već izložene trgovačkom društvu u stečajnom postupku pruže takvom društvu dodatno prijelazno financiranje s najvišim prioritetom naplate tijekom stečajnog postupka, čak i u slučajevima kada takvo financiranje nije osigurano državnim jamstvom.
In this respect, it should be stressed that the measure was earmarked for the expenditures needed to comply with the environmental obligations of the Italian State deriving from the Commission Reasoned Opinion.
Stoga ponašanje banaka Intesa Sanpaolo i Banco Popolare u pogledu mjere br. 3 nije neuobičajeno.
The market economy investor principle should therefore be assessed globally against all relevant considerations for the State, including the fact that the final burden on State resources would be lower if the environmental investments are performed thanks to measure 3.
Te banke, kao i druge banke koje su već izložene društvu Ilva, držale su otvorenima kreditne linije u korist društva Ilva unatoč tome što za te kreditne linije nije bilo državnih jamstava.
In summary, Italy believes that: (i) the guarantee is remunerated at market conditions; and (ii) the risk taken by the State as guarantor is economically rational and coherent with the overall profitability objectives of the State.
Talijanska tijela naglašavaju da zakonska odredba iz članka 3. stavka 5.
Last, Italy stresses that it is not uncommon that credit institutions already exposed to a company undergoing insolvency proceedings provide additional pre-deductible interim financing to this company, even in cases where such financing is not backed by any State guarantee.
Odluke br. 1/2015 nije obvezivala poduzetnike na postizanje dogovora, već je bila samo postupovna, omogućivši izvanrednim upraviteljima društva Ilva upotrebu sredstava iz nagodbe u kontekstu postupka izvanredne uprave.
Therefore, the behaviour of the banks Intesa Sanpaolo and Banco Popolare with respect to measure 3 is not unusual.
Nagodbu su slobodno i dobrovoljno sklopila društva Ilva i Fintecna.
These banks as well as other banks already exposed to Ilva have been keeping credit lines open for the benefit of Ilva, despite the lack of State guarantees on these credit lines.
Načelo subjekta u tržišnom gospodarstvu
The Italian authorities stress that the legal provision in Article 3, paragraph 5, of Law Decree No 1/2015 did not impose on the undertakings any obligation to find an agreement but was merely procedural, allowing Ilva's Extraordinary Commissioners to use the funds from the settlement in the context of the extraordinary administration procedure.
Talijanska tijela ponavljaju da prema njihovu mišljenju Fintecna, društvo u državnom vlasništvu, općenito djeluje kao svaki drugi subjekt u tržišnom gospodarstvu.
The settlement was freely and voluntarily concluded by Ilva and Fintecna.
To je potvrđeno i samom odlukom o pokretanju postupka u kojoj se, kako smatraju talijanska tijela, navodi da je ugovorna klauzula iz 1996. bila obveza koju bi bio preuzeo privatni prodavatelj te da je iznos koji je platilo društvo Fintecna bio u skladu s razumnom odlukom privatnog ulagača.
Market economy operator principle
No u odluci o pokretanju postupka postavljeno je pitanje bi li privatni subjekt čekao napredniju fazu restrukturiranja društva Ilva prije ispunjenja svoje obveze.
The Italian authorities repeat that in their view Fintecna, a State owned corporation, generally operates as any other market economy operator.
Talijanska tijela smatraju da je transakcija samo ispunjenje ugovorne obveze u pogledu štete za okoliš.
This was confirmed by the Opening Decision itself which, according to the Italian authorities, states that the 1996 contract clause was a commitment that a private vendor would have undertaken and that the amount paid by Fintecna was coherent with a rational decision taken by a private investor.
Stoga se financijskim opterećenjem društva Fintecna ne dodjeljuje posebna prednost predmetnim poduzetnicima, kako je navedeno u presudama Suda u predmetima Sloman Neptun i Ecotrade.
However, the Opening Decision seemed to question whether a private operator would have waited a more advanced phase of Ilva's restructuring before fulfilling its obligation.
Alternativno ponašanje spomenuto u uvodnoj izjavi 96. odluke o otvaranju postupka (tj. neplaćanje ili kasnije plaćanje zbog promjena na razini uprave društva Ilva) bio bi oportunistički i rizičan stav koji ne bi bio u skladu s načelom subjekta u tržišnom gospodarstvu prema definiciji Suda.
The Italian authorities are of the opinion that the transaction represents the mere fulfilment of a contractual obligation for environmental damages.
Selektivna gospodarska prednost
Therefore, the financial burden for Fintecna does not confer a particular advantage on the undertakings concerned, as defined by the Court judgments in Sloman Neptun and Ecotrade.
Talijanska tijela smatraju da su uvjeti zajma uobičajeni tržišni uvjeti.
The Italian authorities recall the thorough preliminary procedure, including expert opinions and reports, followed by Fintecna before taking the final decision to settle on 4 March 2015.
Na zajam koji je odobrila država obračunava se godišnja kamatna stopa vezana uz šestomjesečni Euribor + 300 baznih bodova.
By concluding the settlement, Fintecna put an end to any legal responsibility that could have triggered even higher costs for damages in the future.
Radni dan prije odobrenja zajma šestomjesečni Euribor iznosio je -0,04 %.
The alternative behaviour mentioned at recital 96 of the Opening Decision (i.e. non-payment or less immediate payment in the perspective of Ilva's management changes) would have represented an opportunistic and risky attitude that would not have been compatible with that of a market economy operator as defined by the Court.
Stoga je kamatna stopa utvrđena na 2,96 %.
Selective economic advantage
Italija navodi da je ta stopa u skladu s mišljenjem […] pripremljenim u svrhu odobrenja mjere br. 3 (vidjeti uvodnu izjavu 98.).
The Italian authorities are of the opinion that the conditions of the loan are normal market conditions.
U mišljenju […] navodi se da bi kamatna stopa u rasponu od 2,50 % do 3,12 % bila u skladu s tržištem.
The loan granted by the State bears interest at the annual rate of Euribor 6 months + 300 basis points.
Budući da u situaciji društva Ilva nije došlo do značajnih promjena u razdoblju od odobrenja mjere br. 3 do odobrenja mjere br. 5 (travanj 2015. odnosno prosinac 2015.), talijanska tijela smatraju da se mišljenje […] može upotrijebiti za procjenu usklađenosti mjere br. 5 s tržištem.
One working day before the granting of the loan, Euribor 6 month was at – 0,04 %.
Osim toga, Italija naglašava da zajam ima najviši prioritet naplate tijekom stečajnog postupka, što je važna dodatna činjenica koju bi Komisija trebala uzeti u obzir pri procjeni povezanog kreditnog rizika.
Therefore, the interest rate was set at 2,96 %.
Nadalje, Italija navodi da mjera br. 5 olakšava postupak prodaje društva Ilva i u međuvremenu jamči njegovo funkcioniranje na način sukladan sa zahtjevima u pogledu zaštite okoliša, zdravlja i zaposlenosti.
Italy submits that this rate is in line with the […] opinion prepared for the purpose of granting measure 3 (see recital 98).
Konačno, Italija navodi da je 9. lipnja 2016.
The […] opinion indicates that an interest rate in the range of 2,50 % to 3,12 % would be market conform.
Odlukom br. 98/2016 obveza otplate zajma prenesena sa stjecatelja imovine društva Ilva na sâmo društvo Ilva.
In the absence of significant changes in Ilva's situation between the granting of measure 3 and the granting of measure 5 (April 2015 v December 2015), the Italian authorities consider that the […] opinion can be used to assess the market conformity of measure 5.
Nadalje, zbog promjena u postupku prodaje te kako bi se izbjegla odgoda konačne otplate zajma nakon konačne prodaje imovine društva Ilva, člankom 1. stavkom 1. točkom (a) Odluke br. 243/2016 promijenjen je rok otplate zajma na 60 dana od konačne prodaje imovine društva Ilva, čime se on odvaja od odluke o prestanku aktivnosti društva Ilva.
In addition, Italy stresses that the loan is pre-deductible — an important additional fact that the Commission should take into account when assessing the credit risk attached to it.
PRIMJEDBE ZAINTERESIRANIH STRANA
Furthermore, Italy submits that measure 5 serves the purpose of facilitating the sale process of Ilva and guarantees in the meantime the operations in a way compatible with the requirements of environmental protection, health and employment.
Primjedbe društva Ilva
Finally, Italy recalls that on 9 June 2016, Law Decree No 98/2016 amended the repayment obligation of the loan transferring it from the acquirer of Ilva's assets to Ilva itself.
Društvo Ilva obavijestilo je Komisiju da se u potpunosti slaže s opažanjima koja su dostavila talijanska tijela i koja su sažeto navedena u odjeljku 3. ove Odluke.
Furthermore, due to changes in the sale process and to avoid postponing the final repayment date of the loan beyond the final divestiture of Ilva's assets, Article 1(1)(a) of Law Decree No 243/2016 changed the loan repayment date to 60 days after the final divestiture of Ilva's assets, thereby disconnecting it from the decree declaring the cessation of Ilva's activity.
Primjedbe organizacije Peacelink
COMMENTS FROM INTERESTED PARTIES
Peacelink je talijanska nevladina organizacija koja građanima nastoji pružati transparentne informacije o raznim temama, kao što su vojni sukobi ili sporovi povezani s okolišem.
Comments from Ilva
Organizacija Peacelink smatra da su sumnje koje je Komisija izrazila u odluci o pokretanju postupka u potpunosti opravdane.
Ilva informed the Commission that it fully subscribes to the observations submitted by the Italian authorities, which are summarised in Section 3 of this Decision.
Kad je riječ o mjeri br. 1., organizacija navodi da bi prijevremeno plaćanje sudski zaplijenjenih iznosa dovelo do toga da država mora snositi rizik ishoda sudskog postupka.
Comments from Peacelink
Nijedan privatni subjekt ne bi preuzeo takav rizik.
Peacelink is an Italian non-government organisation, which seeks to provide transparent information to citizens on various topics, such as military or environmental conflicts.
Kad je riječ o mjeri br. 2., Peacelink smatra da bez intervencije države nijedan tržišni subjekt ne bi odobrio zajam društvu Ilva.
Peacelink considers that the doubts expressed by the Commission in its Opening Decision are fully justified.
Štoviše, intervencija uključuje rizik za državna sredstva jer utječe na redoslijed otplate javnih zajmova.
Regarding measure 1, they submit that the anticipated payment of judicially seized amounts would result in the State having to bear the risk of the outcome of the judicial procedure.
Kad je riječ o mjeri br. 3., Peacelink smatra da nijedan tržišni vjerovnik ne bi odobrio zajam pod uvjetima pod kojima je odobren društvu Ilva.
No private operator would accept to bear such risk.
I kad je riječ o mjeri br. 4., Peacelink smatra da se radi o državnoj potpori jer je društvo Fintecna na nagodbu pristalo samo zbog odredbi Odluke br. 1/2015.
Regarding measure 2, Peacelink is of the view that no market operator would have granted any loan to Ilva without the intervention of the State.
Štoviše, zbog činjenice da je u javnom vlasništvu, javlja se sumnja može li se Fintecna ponašati kao privatni subjekt.
Moreover, this intervention entails a risk on State resources since it affects the order of repayment of public credits.
Peacelink je zatražio od Komisije i da proširi opseg svoje detaljne istrage javne potpore pružene u skladu s Odlukom br. 191/2015 u obliku zajmova u iznosu od 300 milijuna EUR i 800 milijuna EUR.
Regarding measure 3, Peacelink believes that no market creditor would have granted a loan at the terms, which were offered to Ilva.
Konačno, Peacelink je naveo opažanja koja se odnose na ekološki aspekt društva Ilva, no ona nisu relevantna za ovaj postupak državne potpore.
And regarding measure 4, Peacelink considers that there is State aid because Fintecna only agreed to settle its claim due to the provisions set out in Law Decree No 1/2015.
Primjedbe udruženja WV Stahl
Moreover, the fact that Fintecna is publicly owned casts doubt on its ability to behave like a private operator.
WV Stahl njemačko je udruženje proizvođača čelika.
Peacelink also asked the Commission to extend the scope of its in-depth investigation to public support provided by Law Decree No 191/2015 in the form of a EUR 300 million loan and another EUR 800 million one.
Sjedište mu je u Düsseldorfu.
Last, Peacelink provided observations on environmental aspects of Ilva, which are of no relevance for the present State aid procedure.
WV Stahl slaže se sa sumnjama koje je Komisija izrazila u odluci o pokretanju postupka.
Comments from WF Stahl
Kad je riječ u mjeri br. 1., udruženje WV Stahl smatra da bi prijevremeno plaćanje sudski zaplijenjenih iznosa društvu Ilva priskrbilo gospodarsku prednost.
WV Stahl is the trade association of the steel industry in Germany.
Kad je riječ o mjeri br. 2., udruženje smatra da je najviši prioritet naplate tijekom stječajnog postupka oblik jamstva i da je stoga sredstvo nezakonite potpore.
It is based in Düsseldorf.
Postojanje državne potpore s obzirom na mjeru br. 3. prema mišljenju je udruženja očito.
WV Stahl agrees with the doubts expressed by the Commission in its Opening Decision.
Kad je riječ o mjeri br. 4., WV Stahl objašnjava da privatni subjekt u tržišnom gospodarstvu ne bi prihvatio takvu nagodbu.
As regards measure 1, WV Stahl considers that the advanced payment of judicially seized amounts would confer an economic advantage on Ilva.
Udruženje WV Stahl upozorilo je Komisiju na potencijalnu dodjelu dodatne državne potpore u obliku dvaju zajmova od 300 milijuna EUR odnosno 800 milijuna EUR.
Regarding measure 2, they consider that the pre-deductibility works as a form of guarantee and is therefore vector of unlawful aid.
Zatražilo je od Komisije da osigura da se društvu Ilva više ne dodjeljuje javna potpora.
The presence of State aid in measure 3 is according to them self-evident.
Posebno tvrdi da svi državni rashodi za mjere koje su hitno potrebne za rješavanje problema postojećeg zagađenja i osiguravanje javnog zdravlja u Tarantu moraju ostati sukladni načelu „onečišćivač plaća” i ne smiju biti paravan za modernizaciju čeličana društva Ilva.
As regards measure 4, WV Stahl explains that a market economy operator would not have accepted such a deal.
Konačno, udruženje WV Stahl od Komisije traži da osigura brz povrat svake potpore za koju se detaljnom istragom utvrdi da je nespojiva.
WV Stahl warned the Commission about the potential granting of additional State support in the form of two loans, worth respectively EUR 300 million and EUR 800 million.
Kad je riječ o državnoj potpori u obliku zajmova, iznos potpore treba odrediti na temelju razlike između kamatne stope koju naplaćuje država i one koja bi se trebala smatrati tržišnom kamatnom stopom u trenutku odobravanja potpore.
They ask the Commission to ensure that no further public support is granted to Ilva.
Primjedbe društva Riva Fire SpA
In particular, any State expenditure for measures, which are urgently necessary to cope with existing pollution and to guarantee public health in Taranto, should remain compliant with the polluter-pays principle and be no pretext for the upgrade of Ilva's steelworks.
Društvo Riva Fire SpA („Riva Fire”) upravljalo je društvom Ilva od 1995., kada ga je kupilo od društva IRI, do 4. lipnja 2013., kada je upravljanje čeličanama društva Ilva preneseno na upravitelja kojega je Vlada imenovala u skladu s Odlukom br. 61/2013.
Last, WV Stahl asks the Commission to ensure a quick recovery of any aid, which may be found incompatible following the in-depth investigation.
Svojim opažanjima društvo Riva Fire želi navesti, prema svojem mišljenju, istinitu verziju povijesti toga društva do trenutka kada je nad društvom Ilva pokrenut postupak u slučaju nesolventnosti u skladu s Odlukom br. 1/2015.
As regards State aid in the form of loans, the aid amount should be computed based on the difference between the interest rate charged by the State, and what should be considered as a market rate at the time of granting of the aid.
Društvo Riva Fire osobito tvrdi da je nepropisno smijenjeno iz uprave društva Ilva nizom mjera proizišlih iz talijanske sudske i izvršne vlasti bez mogućnosti obrane vlastitih stajališta u valjanom postupku u kojemu se saslušavaju obje strane i u kojemu mu je zajamčeno pravo na obranu.
Comments from Riva Fire SpA
Društvo Riva Fire ne komentira posebno pojedine mjere koje su predmet odluke o pokretanju ili proširenju postupka.
Riva Fire SpA (‘Riva Fire’) was in control of Ilva from 1995, when it acquired the company from IRI, until 4 June 2013, when the management of Ilva's steelworks was transferred to a Government-appointed Commissioner pursuant to Law Decree No 61/2013.
No ističe ono što u izlaganju činjenica talijanskih tijela smatra proturječnim.
Riva Fire's observations aim at restoring what Riva Fire considers as the true version of the company's history until the latter entered into insolvency proceedings pursuant to Law Decree No 1/2015.
Prema navodima društva Riva Fire talijanska su tijela u kontekstu Komisijina istražnog postupka državne potpore s jedne strane tvrdila da javna sredstva odobrena društvu Ilva nisu činila državnu potporu jer su se nužno morala iskoristiti za sanaciju okoliša, dok su s druge strane u kontekstu Komisijina postupka zbog kršenja obveza u području zaštite okoliša tvrdila da postrojenje društva Ilva u Tarantu nije rizik za okoliš i zdravlje ljudi.
In particular, Riva Fire claims that it was unduly dismissed from Ilva's management through a series of measures stemming from the Italian judiciary and executive powers, without having been able to defend its views in a proper contradictory procedure ensuring its rights of defense.
Primjedbe Italije na primjedbe zainteresiranih strana
Riva Fire does not specifically comment on any of the measures, which are the object of the Opening or Extension Decisions.
Komisija je opažanja društava Riva Fire, Peacelink, WV Stahl i Ilva proslijedila talijanskim tijelima.
However, it lays stress on what it sees as a contradiction in the presentation of the facts by the Italian authorities.
Ona ta opažanja smatraju općenitima ili irelevantnima za predmetni postupak.
According to Riva Fire, on the one hand the Italian authorities have claimed in the context of the Commission's State aid investigation that public resources granted to Ilva did not constitute State aid due to the fact that they were bound to be used for environmental remediation, while on the other hand they have claimed in the context of the Commission's environmental infringement procedure that there was no environmental or health-related risk linked to Ilva's facility in Taranto.
Tvrde da su se u svojim primjedbama na odluke o pokretanju i proširenju postupka već osvrnula na općenite argumente iznesene u okviru tih opažanja.
Comments from Italy on interested parties' comments
Štoviše, talijanska tijela smatraju da je stajalište društva Riva Fire o navodnim proturječnostima navedenima u uvodnoj izjavi 124. neutemeljeno.
The Commission forwarded the observations of Riva Fire, Peacelink, WV Stahl and Ilva to the Italian authorities.
Talijanska tijela jasno su prepoznala hitnost stanja za zdravlje i okoliš na području Taranta.
The Italian authorities consider these observations as either generic in their formulation, or irrelevant for the present procedure.
Navod koji je društvo Riva Fire izdvojilo o navodnom nepostojanju rizika za okoliš i zdravlje u Tarantu izdvojen je iz konteksta i ni na koji način ne odražava službeno stajalište talijanskih tijela.
According to them, the generic arguments contained in this set of observations are already addressed by the comments submitted by the Italian authorities in response to the Opening and Extension Decisions.
OCJENA POTPORE
Moreover, the Italian authorities consider that Riva Fire's position regarding the apparent contradiction described in recital 124 is unfounded.
Navodna proturječnost između postupka kontrole državnih potpora i postupka zbog povrede zakonodavstva Unije o okolišu
The Italian authorities have unequivocally recognised the health and environmental emergency in the Taranto area.
Talijanska tijela općenito tvrde da su različite intervencije države u korist društva Ilva prije svega bile usmjerene na zabrinutosti koje je Komisija izrazila u svojem obrazloženom mišljenju.
The quote singled out by Riva Fire regarding the alleged lack of environmental and health-related risks in Taranto would have been taken out of its context and would not in any event reflect the Italian authorities' official position.
U svojim opažanjima u pogledu odluke o pokretanju postupka Riva Fire napominje da postoji proturječnost između navoda talijanskih tijela u postupku zbog povrede i postupku kontrole državnih potpora (vidjeti uvodnu izjavu 124. i protuargument Italije u uvodnoj izjavi 127.).
ASSESSMENT OF THE AID
Prema mišljenju Italije Komisija bi proturječila sama sebi kad bi, s jedne strane, od Italije zahtijevala brzu provedbu radova potrebnih kako bi pogon u Tarantu bio u skladu s mjerodavnim pravilima o zaštiti okoliša i, s druge strane, spriječila talijanska tijela da financiraju te radove.
Regarding the alleged contradiction between the State aid proceedings and the proceedings for infringement of Union environmental legislation
Komisija odbija taj argument.
In general, the Italian authorities claim that the various State interventions in favour of Ilva have aimed primarily to address the concerns expressed by the Commission in its Reasoned Opinion.
U načelu prestanak kršenja određenog skupa pravila ne opravdava kršenje drugog skupa pravila.
Riva Fire, in their observations to the opening decision, notes a contradiction in the allegations of the Italian authorities in the infringement and the State aid procedure (see recital 124 and counter-argument from Italy in recital 127).
U predmetnom slučaju usklađenost društva Ilva s mjerodavnim pravilima Unije o okolišu ne bi se trebala osigurati kršenjem pravila Unije o državnoj potpori i pružanjem javne potpore koja nije dostupna konkurentima društva Ilva, koji isto tako moraju poštovati pravila Unije o okolišu, a da pritom ne ostvaruju koristi od slične nezakonite državne potpore.
According to Italy, the Commission would be contradicting itself when, on the one hand, it requires from Italy the speedy implementation of the works needed to bring the Taranto plant in conformity with applicable environmental rules and, on the other hand, it prevents the Italian authorities from funding those works.
Talijanska tijela, zatim, tvrde da mjere javne potpore namijenjene provedbi plana zaštite okoliša nisu obuhvaćene područjem primjene članka 107. stavka 1.
The Commission rejects this argument.
UFEU-a jer je njihova svrha otklanjanje štete u okolišu do utvrđivanja onečišćivača u skladu s Direktivom 2004/35/EZ i člankom 250. talijanskog Zakonika o zaštiti okoliša te s uvodnim izjavama 114. i 115.
As a matter of principle, bringing to an end an infringement of a given set of rules does not justify infringing another set of rules.
Komisijine odluke o pokretanju postupka.
In the case at hand, bringing Ilva in compliance with the applicable Union environmental rules should not be done in breach of Union State aid rules by providing public support that is not available to Ilva's competitors, which also have to comply with Union environmental rules without benefitting from similar illegal State support.
Komisija smatra da je obrazloženje talijanskih tijela manjkavo zbog sljedećih razloga.