natgillin/translations-raw huggingface dataset:
The rescue aid loan, including the prolonged and not repaid portion of it, and the loan to repay the incompatible aid involve State resources, since they were provided from funds set aside in and stemming from the State budget.
UFEU-a.
Based on the above, the Commission concludes that the five loans in question involve State resources and they are imputable to the Romanian State.
Ako se potporom koju dodijeli država članica ojača položaj pojedinog poduzetnika u odnosu na druge poduzetnike koji se natječu u trgovini unutar Unije, mora se smatrati da ta potpora utječe na tu trgovinu.
Economic advantage
Dovoljno je da se primatelj potpore natječe s drugim poduzetnicima na tržištima otvorenima za tržišno natjecanje.
Article 107(1) TFEU requires that a measure, in order to be defined as State aid, favours certain undertakings or the production of certain goods.
Društvo CE Hunedoara bavi se opskrbom električnom i toplinskom energijom u Rumunjskoj.
Loans or guarantees provided by the State directly or indirectly, may favour the beneficiary undertaking when they provide funding which the beneficiary would not find on financial markets at the same conditions, if at all.
U skladu s primjenjivim pravilima Unije o unutarnjem tržištu električne energije dobavljači električne energije mogu slobodno započinjati s radom i tražiti kupce u Rumunjskoj.
In order to verify whether an undertaking has benefited from an economic advantage the Commission applies the criterion of the ‘market economy operator principle’ (‘MEO principle’).
To je doista učinio niz konkurenata iz Rumunjske (npr.
According to this principle, the assessment focuses on the transaction from the perspective of a hypothetical prudent private creditor/investor, in a situation as close as possible to that of the State.
SN Nuclearelectrica, SN Hidroelectrica) ili drugih država članica (npr.
In the case at hand, the Romanian State is both a creditor and the main shareholder of CE Hunedoara.
CEZ, Alpiq).
In such setting, Romania could provide or guarantee a MEO-compliant loan or a guarantee on a stand-alone basis if the terms at which the loan is granted are in line with market conditions, provided that there is likelihood of repayment or increased return to the shareholder in a different form.
Komisija navodi da je rumunjski elektroenergetski sustav trenutačno međusobno povezan s elektroenergetskim sustavima Bugarske i Mađarske, što znači da se tokovi električne energije proizvode i da se njima trguje među tim državama članicama.
Therefore, the assessment of the conditions at which loans are granted by a shareholder needs to take into account the possible returns from the stake that the shareholder may reasonably expect in its capacity as shareholder.
Stoga Komisija zaključuje da zajmovi koji su predmet ispitivanja mogu utjecati na trgovinu u EU-u te narušiti ili prijetiti da će narušiti natjecanje na unutarnjem tržištu.
In the present case, it is manifest in light of (i) the financial figures of CE Hunedoara portrayed in Table 2 above, (ii) the substantially higher marginal production costs of CE Hunedoara compared to market prices, and (iii) the history of the predecessor companies, that the Romanian State, or any market investor in a similar position as the State, could not expect any possible return in the form of dividends or capital gain from its shareholding in CE Hunedoara as from 2013.
Zaključak o postojanju potpore
First, for the three IBRD, BCR, and BRD loans contracted or guaranteed by the Romanian Ministry of Finance for the benefit of CE Hunedoara, the financial situation of the company and the history of its predecessors must be taken into account for the assessment, as it would have been examined by any prudent market lender or investor.
Komisija na temelju prethodno navedenih argumenata zaključuje da zajam IBRD-a za koji je Rumunjska jamčila u korist društva CE Hunedoara, zajmovi BCR-a i BRD-a ugovoreni u korist društva CE Hunedoara, zajam odobren za povrat prethodne nespojive potpore te zajam za potporu za sanaciju, uključujući njegov odgođeni i neplaćeni dio, čine državnu potporu u smislu članka 107. stavka 1.
Even before April 2015 when CE Hunedoara was reportedly unable to access finance at market terms, the company was consistently loss making as from its first year of full operation encompassing coal mines and power generation under the same company.
UFEU-a.
Second, as regards the loan to repay the incompatible aid, the opening decision noted that, an economic advantage of a similar nature (as the one related to the rescue loan) was conferred on CE Hunedoara as successor company operating the power generation assets of Electrocentrale Paroșeni and Electrocentrale Deva through the State aid which was the subject of the Decision regarding the incompatible aid adopted on 20 April 2015 and, by way of inference, through the public loan granted to CE Hunedoara to repay it.
Zakonitost potpore
The loan to repay the incompatible aid was granted at a time when, according to Romania, CE Hunedoara fulfilled the criteria for being subject to insolvency proceedings under Romanian law and, accordingly, it can be excluded that the company could have found such finance at market terms.
Ugovor o zajmu IBRD-a uz jamstvo države u korist društva CE Hunedoara s društvom Electrocentrale Deva, jednim od pravnih prethodnika društva CE Hunedoara, potpisan je 31. svibnja 2002., odnosno prije pristupanja Rumunjske Europskoj uniji 2007.; zbog toga zajam IBRD-a nije bio nezakonit, čak i da se utvrdi da je uključivao državnu potporu.
Third, regarding the rescue aid loan, as pointed out in the opening decision, the Romanian authorities declared that CE Hunedoara was unable to obtain it from commercial banks and, more generally, they acknowledged that it was providing a (selective) advantage.
Stoga plaćanja koja je izvršila država kao jamac, iako je do njih došlo nakon pristupanja Rumunjske EU-u, čine postojeću potporu i kao takva nisu nezakonita, ne dovodeći u pitanje kvalifikaciju mogućeg budućeg propusta države da naknadno ostvari pravo na žalbu u odnosu na društvo CE Hunedoara na temelju pravila o državnim potporama.
The prolonged and still not repaid portion of the rescue aid loan kept by CE Hunedoara also entails an economic advantage that the company could not possibly obtain at market conditions, e.g. by refinancing and repaying the non-repaid portion with a loan from a commercial bank.
Međutim, zajam BCR-a, zajam BRD-a i zajam odobren radi povrata nespojive potpore čine državnu potporu u smislu članka 107. stavka 1.
In its comments on the opening decision, Romania argued that it had indeed intended to restructure CE Hunedoara and turn the rescue loan to part of a restructuring aid.
UFEU-a i, s obzirom na to da su isplaćeni uz kršenje članka 108. stavka 3.
The Commission notes however, that Romania has not submitted a valid restructuring plan in accordance with the R&R aid Guidelines and the mere intention to restructure does not take away the advantage granted by the rescue aid loan as the loan has not been repaid in six months following the granting of the aid.
UFEU-a, čine nezakonitu državnu potporu.
Romania furthermore argued in its comments to the opening decision that the rescue loan was granted at ‘existing conditions at the banking market’ following the analysis by EximBank and it was collateralised.
Zajam za potporu za sanaciju, u pogledu kojeg Komisija nije iznijela prigovor u svojoj odluci o potpori za sanaciju od 21. travnja 2015., nije stupio na snagu prije donošenja odluke Komisije i stoga nije činio nezakonitu državnu potporu.
This claim is however proven wrong by the simple fact that CE Hunedoara was not able to obtain the loan from commercial banks as pointed out in recitals 100 and 101 of this decision.
Međutim, zbog njegova prekomjernog produljivanja i neplaćanja u razdoblju duljem od šestomjesečnog razdoblja za koje je dodijeljen, njegovo je produljenje nezakonito.
Furthermore, Romania has not provided the credit risk analysis of the EximBank.
Spojivost potpore i pravna osnova za ocjenu
Fourth, also CE Hunedoara's predecessor companies were unable to honour their liabilities of which more than EUR 1,2 billion were left unpaid in liquidation.
Komisija mora ocijeniti mogu li se prethodno utvrđene mjere potpore smatrati spojivima s unutarnjim tržištem.
As a recently created company, despite being cleansed of most of the liabilities of Electrocentrale Paroșeni and Electrocentrale Deva and of the National Hard Coal Company JSC Petroșani, CE Hunedoara had no reliable and solid credit history, absent which market lenders are reluctant to finance operations.
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.
Indeed, the five loans which are the subject of the present proceedings were all granted out of resources belonging to the State budget (see 4.1.1 above).
Osim što je na početku prijavila zajam za potporu za sanaciju i njegovo produljenje nakon šest mjeseci iz odluke Komisije od 21. travnja 2015. te zajma IBRD-a koji nije bilo potrebno prijaviti jer je odobren prije pristupanja Rumunjske Uniji, Rumunjska nije prijavila zajam odobren radi povrata nespojive potpore, zajam BCR-a i zajam BRD-a niti se pozvala na moguće osnove za spojivost s unutarnjim tržištem.
By contrast, there is no evidence of any private market creditor having provided loans to CE Hunedoara to any comparable extent.
Na temelju dostupnih informacija i kako je navedeno u odluci o pokretanju postupka, Komisija smatra da su Smjernice o potporama za sanaciju i restrukturiranje jedina moguća osnova za spojivost mjera koje se ocjenjuju.
Despite the invitation to Romania in the opening decision to provide evidence of offers of loans to CE Hunedoara made by market financial institutions or banks between 2012 and 2016, specifying whether a State or public guarantee was requested, no such offers or evidence of positive appraisals by market lenders has been provided.
U tim se Smjernicama navode pravila i uvjeti za potrebe ocjene spojivosti potpore za sanaciju i restrukturiranje poduzetnika u teškoćama u skladu s člankom 107. stavkom 3. točkom (c) UFEU-a.
Fifth, as explained in recital 20 above, CE Hunedoara's productive assets were also those operated by the predecessor companies before without any significant productive or technological improvement allowing stakeholders to reasonably expect better or more remunerative sales of electricity and heat on the Romanian electricity market.
Primjenjivost Smjernica o potporama za sanaciju i restrukturiranje
The Romanian authorities, with full ownership of CE Hunedoara and predecessors, whilst being also its main creditor, could not ignore the structural inability of CE Hunedoara to generate enough operating profits to meet its liabilities.
U skladu s točkama 137. i 138.
They provided with public finance the funds, which CE Huneadoara would have been unable to obtain in the financial market at any rate.
Smjernica o potporama za sanaciju i restrukturiranje „Komisija na temelju ovih smjernica ocjenjuje spojivost s unutarnjim tržištem potpora za sanaciju i restrukturiranje čiju dodjelu nije odobrila i kojima se stoga krši članak 108. stavak 3.
All five abovementioned facts influence the creditworthiness of CE Hunedoara and make it implausible that without State intervention, CE Hunedoara would have found willing lenders at market terms trusting that CE Hunedoara would repay the loans.
[UFEU-a] ako je sva potpora ili jedan njezin dio dodijeljena nakon objave smjernica u Službenom listu Europske unije” i „[u] svim drugim slučajevima provodi ispitivanje na temelju smjernica koje su se primjenjivale u trenutku dodjele potpora”.
Likewise, it is unlikely that Romania could anticipate returns from its shareholding in CE Hunedoara and, in particular, from revenues foregone when granting loans to CE Hunedoara below market terms.
Osim toga, zajmovi BCR-a i BRD-a nisu prijavljeni Komisiji, čime je prekršen članak 108. stavak 3.
In conclusion, the loans in question appear to have favoured CE Hunedoara.
UFEU-a.
Indeed, CE Hunedoara was a borrower with a poor credit history of its insolvent and liquidated predecessors, and had no credit history in 2012-2013 when the company was established.
Iz toga proizlazi da se, čak i da su ta dva zajma odobrena prije 1. kolovoza 2014., u mjeri u kojoj ih se mora zajednički ocijeniti kao dio jedinstvenog postupka dodjele potpore poduzetniku u teškoćama, Smjernice o potporama za sanaciju i restrukturiranje primjenjuju i na zajmove BCR-a i BRD-a.
CE Hunedoara had increasing operating losses not allowing to meet debt service as from 2013-2014 and actually defaulted in meeting liabilities causing the company to be potentially subject to insolvency proceedings as from 2015.
Primjena Smjernica o potporama za sanaciju i restrukturiranje
Moreover, there is no indication that the Romanian authorities have taken any timely steps that a diligent creditor would take to recover its claims, such as summoning the borrower to repay the loans or requesting forced execution of payments for defaulted reimbursements.
Samo poduzetnici u teškoćama kako su definirani u točki 20.
Although in January 2016 the claim for insolvency against CE Hunedoara was filed (see recital 22 above), it has not produced any effective recovery to date.
Smjernica o potporama za sanaciju i restrukturiranje koji ne djeluju u sektorima ugljena i čelika te financijskom sektoru definiranom u točki 16.
Owing to the difficult financial situation of the company and the low likelihood of repayment when the loans were granted or prolonged, the loans in question conferred an economic advantage to CE Hunedoara in the form of finance and funds, which it would not have been able to obtain on the market.
Smjernica mogu ostvariti korist od potpore za sanaciju ili restrukturiranje.
Regarding the quantification of this economic advantage, in recital 34 of the opening decision, the Commission referred to the General Court's judgment in Larko that in circumstances where the borrower is in a delicate financial situation characterised notably by decreasing turnover, negative equity, and inability to reimburse loans from its own funds, the economic advantage embedded on a loan may equal the total amount of the funds borrowed, even if the State only guarantees the loan.
Kao što je navedeno u odluci o potpori za sanaciju, društvo CE Hunedoara već je u travnju 2015. ispunilo kriterije za to da se nad njim provede cjelokupni postupak nesolventnosti utvrđen u točki 20. podtočki (c) Smjernica o potporama za sanaciju i restrukturiranje te je, doista, u siječnju 2016. taj postupak pokrenut nad društvom (vidjeti prethodnu uvodnu izjavu 22.).
The Romanian authorities have not provided any evidence that CE Huneadoara had access to market finance at market conditions, indicating that CE Hunedoara tried, let alone succeeded in, borrowing from the market without State support.
Stoga se CE Hunedoara može smatrati poduzećem u teškoćama u smislu Smjernica o potporama za sanaciju i restrukturiranje.
As noted in recital 43, the BRD loan and the BCR loan transferred by the Romanian State in order to finance environmental compliance in 2013-2014 follows instances were Romania had provided grants for the same type of installation (flue gas desulphurisation) for other thermal power plants in 2010 (CE Turceni) and in 2011 (CE Craiova II) and decided to discontinue the practice of providing such grants as aid instrument.
Komisija najprije navodi da Rumunjska nije dostavila nikakve dokaze o mogućem poštovanju uvjeta za spojivost potpore za sanaciju ili restrukturiranje utvrđenih u Smjernicama o potporama za sanaciju i restrukturiranje.
However, given the characteristics, purpose and financial situation of CE Hunedoara, it seems therefore appropriate to consider that the BRD loan and the BCR loan transferred by the State and financing environmental compliance were de facto grants, despite their legal qualification of loans.
Kad je riječ o zajmu BCR-a, zajmu BRD-a i zajmu odobrenom radi povrata nespojive potpore, Komisija će ih u nastavku zajedno ocijeniti jer su odobreni društvu u teškoćama kao potpora za ulaganje ili operativna potpora kojom se društvu CE Hunedoara omogućilo da pokrije svoje troškove kad nije imalo pristup financijskim tržištima (vidjeti uvodnu izjavu 99.).
In the meantime, the recourse to the Romanian State transferring the loans it was granted by BDR and BCR shows that these private banks did not wish to take any liquidity risk on CE Hunedoara as they considered the default on repayment virtually certain.
Na temelju toga Komisija smatra da nisu ispunjeni uvjeti spojivosti potpore za restrukturiranje utvrđeni u Smjernicama o potporama za sanaciju i restrukturiranje jer i. plan restrukturiranja (dostavljen u listopadu 2015. i izmijenjen u siječnju 2016.) otpočetka nije bio valjan jer se njime nije mogla osigurati dugoročna održivost društva CE Hunedoara bez daljnje neprekidne potpore te ga se nije slijedilo; ii. nema jasnog vlastitog doprinosa društva CE Hunedoara u skladu s točkama od 62. do 64.
As such, based on the above, the Commission concludes that the five loans granted to CE Hunedoara provided an economic advantage and considers this advantage to equal the total amount of the loans' principal when granted.
Smjernica o potporama za sanaciju i restrukturiranje; i iii. nisu se mogle utvrditi nikakve mjere kojima se ograničava narušavanje tržišnog natjecanja u skladu s točkama od 74. do 86.
Selectivity
Smjernica o potporama za sanaciju i restrukturiranje.
The Commission notes that the five loans were provided on an ad hoc basis to CE Hunedoara to support its continued operation in specific situations requiring investments for environmental compliance, operating costs or repayment of incompatible aid and were not part of a broader measure of general economic policy to provide support to undertakings, in a comparable legal and economic situation, active in the electricity generation or other economic sectors.
Kad je riječ o točkama od 99. do 103.
Therefore, the Commission concludes that these loans are selective within the meaning of Article 107(1) TFEU.
Smjernica o potporama za sanaciju i restrukturiranje, iako su u njima predviđeni posebni uvjeti za potpore pružateljima usluga od općega gospodarskog interesa u teškoćama, Komisija dolazi do zaključka da se zajmovi koji su predmet ocjene ne mogu ocijeniti niti uzeti u obzir kao naknada za pružanje takvih usluga, kako je navedeno u točki 100.
Effect on trade and distortion of competition
Smjernica o potporama za sanaciju i restrukturiranje.
When aid granted by a Member State strengthens the position of an undertaking compared to other undertakings competing in intra-Union trade, the latter must be regarded as affected by that aid.
Prvo, ne tvrdi se niti je utvrđeno da je društvo CE Hunedoara poslovalo na temelju valjanih akata o povjeravanju u kojima se ističe svaka opravdana razlika u odnosu na proizvodnju električne energije drugih proizvođača električne energije koji djeluju u Rumunjskoj; u skladu s ustaljenom sudskom praksom Suda EU-a postojanje valjanog akta o povjeravanju ključan je uvjet za to da bi se državnu potporu moglo smatrati valjanom naknadom za uslugu od općega gospodarskog interesa.
It is sufficient that the recipient of the aid competes with other undertakings on markets open to competition.
Drugo, predmetni su zajmovi bili ad hoc zajmovi za posebne svrhe i nisu dodijeljeni za dodatne troškove pružanja usluga koji se mogu utvrditi i koji su opravdani.
CE Hunedoara supplies electricity and heat in Romania.
Treće, iznosi zajmova nisu određeni, zasebno ili zajednički, na temelju unaprijed utvrđenih objektivnih parametara posebno prilagođenih utvrđenim troškovima usluge od općega gospodarskog interesa, uzimajući u obzir sve prihode i troškove društva CE Hunedoara.
Pursuant to the applicable Union rules on the internal electricity market, electricity suppliers can freely establish operations and seek customers in Romania.
Stoga Komisija na temelju točaka 100. i 101.
Indeed a variety of competitors from Romania (e.g. SN Nuclearelectrica, SN Hidroelectrica) or other Member States (e.g. CEZ, Alpiq) have actually done so.
Smjernica o potporama za sanaciju i restrukturiranje ne može smatrati da bi predmetne zajmove trebalo smatrati valjanim naknadama na temelju Odluke o uslugama od općega gospodarskog interesa ili Okvira za usluge od općega gospodarskog interesa.
The Commission notes that the Romanian electricity system is at present interconnected with the electricity systems of Bulgaria and of Hungary, so that flows of electricity are produced in and traded between those Member States.
Rumunjska nije ispunila ni obvezu da u okviru društva CE Hunedoara pravno odvoji poslovanje koje se odnosi na rudnike ugljena od proizvodnje električne energije, koju je preuzela u trenutku odobrenja potpore za sanaciju, a za što bi, u skladu s njezinim podnescima, trebalo od šest do devet mjeseci.
Therefore, the Commission concludes that the loans under scrutiny are liable to affect EU trade and to distort or threaten to distort competition in the internal market.
Dva rudnika ugljena primaju operativnu potporu za zatvaranje u skladu s odlukom o drugoj potpori rudnicima ugljena (prethodna uvodna izjava 12.).
Conclusion on the presence of aid
Rumunjska je u svojim primjedbama na odluku o pokretanju postupka tvrdila da se vode zasebni računi za djelatnosti vađenja i proizvodnje električne energije; međutim, zasebni računi sami po sebi ne sprječavaju unakrsno financiranje djelatnosti vađenja.
The Commission concludes based on the arguments presented above that the IBRD loan guaranteed by the Romanian State for CE Hunedoara, the BCR and BRD loans contracted for the benefit of CE Hunedoara, the loan granted to repay earlier incompatible aid, and the rescue aid loan, including the prolonged and not repaid portion of it, constitute State aid within the meaning of Article 107(1) TFEU.
Rumunjska nije dokazala da ne dolazi do unakrsnog financiranja, npr. dostavljanjem dokaza da upotreba državne potpore koristi samo djelatnosti proizvodnje električne energije.
Lawfulness of the aid
Bez tih nužnih dokaza ne može se isključiti da su neki od zajmova obuhvaćenih ovom Odlukom izravno ili neizravno koristili rudnicima ugljena društva CE Hunedoara, čime je prekršena točka 16.
The State-guaranteed IBRD loan agreement benefiting CE Hunedoara was signed on 31 May 2002 with Electrocentrale Deva, one of the legal predecessors of CE Hunedoara, so before the accession of Romania to the European Union in 2007; as such the IBRD loan was not unlawful, even if it were to be established that the loan involved State aid.
Smjernica o potporama za sanaciju i restrukturiranje, kojom se sektor ugljena isključuje iz potpore za sanaciju i restrukturiranje.
Therefore, the payments by the State as a guarantor, even though occurring post-accession, represent existing aid and are not, as such, unlawful, without prejudice to the qualification under State aid rules of a possible future failure of the State subsequently exercising its recourse right against CE Hunedoara.
Konačno, valja naglasiti da su prihodi od zajma odobrenog radi povrata nespojive potpore i dalje dostupni društvu CE Hunedoara.
However, the BCR loan, the BRD loan and the loan granted to repay the incompatible aid, constitute State aid within the meaning of Article 107(1) TFEU and, since they have been disbursed in violation of Article 108(3) TFEU, they constitute unlawful State aid.
S obzirom na načelo Deggendorf, zbog gomilanja neotplaćenog zajma odobrenog radi povrata prethodne nespojive potpore s preostalim trima zajmovima, moguća potpora za restrukturiranje društva CE Hunedoara ne može se smatrati spojivom s unutarnjim tržištem na temelju točke 94.
The rescue aid loan on which the Commission raised no objections by its rescue aid decision of 21 April 2015 was not put into effect before the Commission decision and was therefore not unlawful State aid.
Smjernica o potporama za sanaciju i restrukturiranje.