natgillin/translations-raw huggingface dataset:
In order to ensure continuous and effective progress towards compliance during the transition period, Greece should respect simultaneously the following two conditions:
Za zagotovitev stalnega in učinkovitega napredka pri doseganju skladnosti v prehodnem obdobju bi morala Grčija istočasno spoštovati naslednja pogoja:
The budgetary outcome was thus compliant with Greece's commitments monitored under the enhanced surveillance procedure.
Proračunski rezultat je bil torej skladen z zavezami Grčije, ki so se spremljale v okviru postopka okrepljenega nadzora.
The impact of those measures on debt is mitigated by the expected use of cash financing.
Učinek teh ukrepov na dolg je ublažen s pričakovano uporabo financiranja z denarnimi sredstvi.
At this stage, only very preliminary data were available to confirm the magnitude and the severity of the economic and fiscal hit.
Na tej stopnji so bili na voljo le zelo okvirni podatki za potrditev obsega in resnosti gospodarskih in fiskalnih posledic.
Under the current circumstances, uncertainty about the fiscal and macroeconomic outlook is significantly higher than usual.
V trenutnih razmerah je negotovost glede fiskalnih in makroekonomskih obetov precej večja kot običajno.
Against this background, the Commission has therefore prepared this report, which represents the first step in the excessive deficit procedure.
Komisija je zato pripravila to poročilo, ki je prvi korak v postopku v zvezi s čezmernim primanjkljajem.
On 11 May 2020, the Greek authorities transmitted a letter with relevant factors in accordance with Article 2(3) of Regulation (EC) No 1467/97.
Grški organi so 11. maja 2020 poslali dopis, v katerem so navedli pomembne dejavnike v skladu s členom 2(3) Uredbe (ES) št. 1467/97.
Regarding the financial sector, some progress continued on reforms needed to clean up the stock of non-performing loans.
Kar zadeva finančni sektor, se še naprej opaža določen napredek pri reformah, ki so potrebne za odpravo nedonosnih posojil.
The consequences for GDP growth will depend on the duration of both the pandemic and of the measures being taken by national authorities and at European and global level to slow its spread, protect production capacities and support aggregate demand.
Posledice za rast BDP bodo odvisne od trajanja pandemije in ukrepov, ki so bili sprejeti s strani nacionalnih organov ter na evropski in svetovni ravni za upočasnitev njenega širjenja, zaščito proizvodnih zmogljivosti in podporo skupnemu povpraševanju.
In 2019, Greece implemented important reforms aimed to increase the efficiency of the Greek public sector, strengthen the effectiveness of social policy, advance the privatisation agenda and further improve the quality of the business environment.
V letu 2019 je Grčija izvedla pomembne reforme, katerih cilj je povečati učinkovitost grškega javnega sektorja, okrepiti učinkovitost socialne politike, pospešiti program privatizacije in dodatno izboljšati kakovost poslovnega okolja.
In its 2020 Country Report 2 , the Commission assessed that Greece had made some progress in addressing the 2019 Country Specific Recommendations.
Komisija je v poročilu za posamezno državo 2 za leto 2020 ocenila, da je Grčija dosegla določen napredek pri obravnavanju priporočil za posamezne države iz leta 2019.
Since 2016, real GDP growth has been recovering driven by net exports and private consumption.
Od leta 2016 realna rast BDP okreva zaradi neto izvoza in zasebne potrošnje.
Notably, the authorities continued taking steps to enhance the capacity of the Independent Authority for Public Revenue and enhance the human resource management in the public administration.
Organi so še naprej sprejemali ukrepe za povečanje zmogljivosti neodvisne agencije za javne prihodke in izboljšanje upravljanja človeških virov v javni upravi.
Since Greece was exempt from submitting Stability Programmes while it was subject to a macroeconomic adjustment programme (‘the programme'), the Greek authorities have not established a medium-term budgetary objective for 2019.
Ker je bila Grčija oproščena predložitve programov stabilnosti, medtem ko je zanjo veljal program za makroekonomsko prilagoditev (v nadaljnjem besedilu: program), grški organi niso določili srednjeročnega proračunskega cilja za leto 2019.
In spring 2018, the Council issued no country-specific recommendation to Greece in the context of the European Semester because pursuant to Article 12 of Regulation (EU) No 472/20132 Greece was exempt the monitoring and assessment under the European Semester at that time since it was under the programme.
Spomladi 2018 Svet v okviru evropskega semestra za Grčijo ni izdal priporočila za posamezno državo, ker je bila v skladu s členom 12 Uredbe (EU) št. 472/20132 Grčija v tistem času izvzeta iz spremljanja in ocenjevanja v okviru evropskega semestra, saj je zanjo veljal program.
More specifically, Greece pursued reforms in line with the post-programme commitments given at the meeting of the Eurogroup of 22 June 2018.
Grčija je izvedla reforme v skladu z zavezami za obdobje po izteku programa, ki jih je dala na srečanju Euroskupine 22. junija 2018.
The majority of the measures aim to support companies and their employees who are affected by the COVID-19 pandemic either through a direct suspension of the companies' operation or the general deterioration of economic activity due to the containment measures.
Večina ukrepov je namenjena podpori podjetjem in njihovim zaposlenim, ki jih je prizadela pandemija COVID-19, bodisi z neposredno prekinitvijo dejavnosti družb bodisi s splošnim poslabšanjem gospodarske aktivnosti zaradi zajezitvenih ukrepov.
Graph 1: Government debt-to-GDP ratio, Greece, % of GDP
Graf 1: Delež javnega dolga v BDP, Grčija, v % BDP
This analysis confirms that notwithstanding risks, the debt position remains sustainable over the medium-term in Greece, which takes account of important mitigating factors (including the debt profile and the large share of official loans at depressed rates).
Ta analiza potrjuje, da je stanje dolga v Grčiji kljub tveganjem srednjeročno še vedno vzdržno, pri čemer so upoštevani pomembni olajševalni dejavniki (vključno s profilom dolga in velikim deležem uradnih posojil po znižanih obrestnih merah).
The macroeconomic outlook is marked by an exceptional degree of uncertainty related to the duration of the pandemic and its economic impact.
Za makroekonomske obete je značilna izjemna stopnja negotovosti glede trajanja pandemije ter njenih gospodarskih učinkov.
The Commission 2020 spring forecast projects GDP to decline by 9.7% in 2020, with tourism and shipping services - two very important sectors for Greece's economy - expected to be hit particularly hard and the expected to increase in unemployment may also depress domestic demand.
Pomladanska napoved Komisije 2020 predvideva, da se bo BDP v letu 2020 zmanjšal za 9,7 %, pri čemer se pričakuje, da bosta turizem in pomorski promet - dva zelo pomembna sektorja za grško gospodarstvo - še posebej močno prizadeta, pričakovano povečanje brezposelnosti pa bi lahko prav tako zmanjšalo domače povpraševanje.
It analyses Greece's compliance with the deficit and debt criteria of the Treaty.
V njem je analizirana skladnost Grčije z merili glede primanjkljaja in dolga iz Pogodbe.
COVID-19 pandemic and the activation of the general escape clause
4.1 Pandemija COVID-19 in aktivacija splošne odstopne klavzule
The structural balance in 2019 remained in high surplus, reaching 2.8%.
Strukturni saldo je imel v letu 2019 še vedno velik presežek, ki je dosegel 2,8 %.
Under those circumstances, the assessment of year 2019 is conducted in the absence of a medium-term budgetary objective, taking into account the factors mentioned above, the primary surplus target recommended by the Council and monitored under the enhanced surveillance procedure, as well as the structural budget balance for 2019.
V teh okoliščinah ocena za leto 2019 poteka brez srednjeročnega proračunskega cilja, ob upoštevanju zgoraj navedenih dejavnikov, ciljnega primarnega presežka, ki ga je priporočil Svet in se spremlja v okviru postopka okrepljenega nadzora, ter strukturnega proračunskega salda za leto 2019.
As regards compliance with the debt criterion in 2019, the relevant factors, in particular (i) the observed macroeconomic conditions; (ii) some progress with the implementation of growth enhancing structural reforms in past years, and (iii) the compliance with Greece's fiscal targets in the context of the enhanced surveillance, lead to the conclusion that the debt criterion as defined in the Treaty and in Regulation (EC) No 1467/1997 is complied with.
Kar zadeva izpolnjevanje merila glede dolga v letu 2019, so pomembni dejavniki, in sicer (i) ugotovljene makroekonomske razmere, (ii) določen napredek pri izvajanju strukturnih reform za krepitev rasti v preteklih letih in (iii) skladnost z grškimi fiskalnimi cilji v okviru okrepljenega nadzora, privedli do zaključka, da je merilo glede dolga, kot je opredeljeno v Pogodbi in Uredbi (ES) št. 1467/1997, izpolnjeno.
The planned deficit for 2020 provides prima facie evidence of the existence of an excessive deficit for as defined by the Stability and Growth Pact.
Načrtovani primanjkljaj za leto 2020 predstavlja prima facie dokaz o obstoju čezmernega primanjkljaja, kakor je opredeljen v Paktu za stabilnost in rast.
That increase was due to the final disbursement under the programme in 2018, which contributed to the build-up of Greece's significant cash buffer.
To povečanje je bilo posledica končnega izplačila v okviru programa leta 2018, ki je prispevalo k nastanku znatne denarne rezerve Grčije.
The overall size of the measures is estimated to reach up to 10.5% of GDP with an estimated impact of 3.7% of GDP on the general government deficit.
Ocenjuje se, da bo skupni obseg ukrepov dosegel do 10,5 % BDP z ocenjenim učinkom 3,7 % BDP na primanjkljaj sektorja država.
The planned 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.
Načrtovano preseganje, kot ga opredeljujeta Pogodba in Pakt za stabilnost in rast, se šteje za izjemno, narava tega preseganja pa se trenutno šteje za začasno.
b.Second, at any time during the transition period, the remaining annual structural adjustment should not exceed ¾% of GDP (unless the first condition implies an annual effort above ¾% of GDP);
b.drugič, preostala letna strukturna prilagoditev v nobenem trenutku prehodnega obdobja ne bi smela presegati 0,75 % BDP (razen če prvi pogoj pomeni letni napor, ki presega 0,75 % BDP);
For the apparent breach of the debt criterion, the analysis of the relevant factors is particularly warranted given that debt dynamics are to a larger extent influenced by factors outside the control of the government than is the case for the deficit.
Kar zadeva očitno kršitev merila glede dolga, je analiza pomembnih dejavnikov še posebej utemeljena, saj na dinamiko dolga, za razliko od dinamike primanjkljaja, v večji meri vplivajo dejavniki, ki jih vlada ne more nadzirati.
Taking into account the impact of the COVID-19 pandemic on Greece's economy, the Commission spring forecast projects a contraction of real GDP in 2020 by 9.7%.
Ob upoštevanju vpliva pandemije COVID-19 na grško gospodarstvo pomladanska napoved Komisije v letu 2020 predvideva zmanjšanje realnega BDP za 9,7 %.
Nominal growth increased until 2018, but declined somewhat in 2019.
Nominalna rast se je do leta 2018 povečevala, leta 2019 pa se je nekoliko zmanjšala.
Following the abrogation of the excessive deficit procedure in September 2017, Greece was subject to a three-year transition period to ensure sufficient progress towards compliance with the debt reduction benchmark.
Potem ko je Svet septembra 2017 zaključil postopek v zvezi s čezmernim primanjkljajem, je za Grčijo začelo veljati triletno prehodno obdobje, v katerem je morala zagotoviti zadosten napredek pri doseganju merila glede zmanjšanja dolga.
In view of the ongoing pandemic, the authorities have adopted fiscal measures of an unprecedented amount to address the COVID-19 crisis and to support the economy.
Zaradi sedanje pandemije so organi sprejeli fiskalne ukrepe v doslej največjem obsegu za reševanje krize COVID-19 in podporo gospodarstvu.
Moreover, the data for 2019 imply insufficient progress towards 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.
Poleg tega podatki za leto 2019 kažejo na nezadosten napredek pri doseganju merila glede zmanjšanja dolga, ki tudi zagotavlja prima facie dokaz o obstoju čezmernega primanjkljaja, kakor je opredeljen v Paktu za stabilnost in rast.
The cumulated high general government surpluses recorded over the same period as well as the nominal GDP growth would have otherwise resulted in the steadily declining debt path.
Kumulativni visoki presežki sektorja država, evidentirani v istem obdobju, in nominalna rast BDP bi sicer povzročili postopno zmanjševanje dolga.
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.
V tem smislu je treba pri oceni izpolnjevanja merila glede dolga z vidika učinka na dinamiko in vzdržnost dolga upoštevati vsaj naslednje tri glavne vidike: (i) upoštevanje srednjeročnega proračunskega cilja ali prilagoditvene poti za dosego tega cilja, (ii) izvajanje strukturnih reform in (iii) prevladujoče gospodarske razmere.
The notified data show that Greece did not make sufficient progress towards meeting the debt reduction benchmark in 2019, as the structural balance is estimated to have deteriorated by -2.2% of GDP last year, compared with the applicable MLSA of 0.8% of GDP.
iz sporočenih podatkov je razvidno, da Grčija ni dosegla zadostnega napredka pri doseganju merila glede zmanjšanja dolga v letu 2019, saj se je po ocenah strukturni saldo v primerjavi z veljavno minimalno linearno strukturno prilagoditvijo v višini 0,8 % BDP poslabšal za -2,2 % BDP.
The increase in the debt ratio is mostly due to the large drop in nominal GDP and the deterioration of the primary balance due to the cyclical developments and the fiscal measures addressing the COVID-19 crisis.
Povečanje deleža dolga je večinoma posledica velikega zmanjšanja nominalnega BDP in poslabšanja primarnega salda zaradi cikličnega razvoja in fiskalnih ukrepov v zvezi s krizo zaradi COVID-19.
Data notified by the Greek authorities on 31 March 2020 and subsequently validated by Eurostat 3 confirms a general government primary surplus of 4.4% of GDP in 2019, which is equivalent to a primary surplus monitored under the enhanced surveillance procedure 4 of 3.5% of GDP.
Podatki, ki so jih grški organi sporočili 31. marca 2020 in jih je nato potrdil Eurostat 3 , potrjujejo primarni presežek sektorja država v višini 4,4 % BDP v letu 2019, kar je enakovredno primarnemu presežku v višini 3,5 % BDP, ki se spremlja v okviru postopka okrepljenega nadzora 4 .
Compliance with its fiscal requirements under the enhanced surveillance procedure is a mitigating factor for the assessment of Greece's prima facie non-compliance with the debt criterion in 2019.
Skladnost s fiskalnimi zahtevami v okviru postopka okrepljenega nadzora je olajševalni dejavnik za oceno prima facie neskladnosti Grčije z merilom glede dolga v letu 2019.
In particular, while the debt position deteriorates as a result of the COVID-19 crisis, the debt-to-GDP ratio in the baseline is expected to be on a sustainable (declining) trajectory over the medium term 5 (Graph 1).
Stanje dolga se zaradi krize ob izbruhu COVID-19 sicer poslabšuje, vendar se pričakuje, da bo delež javnega dolga v BDP po osnovnem scenariju srednjeročno ostal na vzdržni poti (zniževanja) 5 (graf 1).
This is a mitigating factor in the assessment of Greece's compliance with the deficit criterion in 2020.
To je olajševalni dejavnik pri oceni, kako Grčija v letu 2020 izpolnjuje merilo glede primanjkljaja.
The planned excess over the Treaty reference value would be temporary, based on the Commission 2020 spring forecast, which projects the decifit to fall under 3% of GDP in 2021.
Načrtovano preseganje referenčne vrednosti iz Pogodbe naj bi bilo začasno, saj pomladanska napoved Komisije 2020 predvideva, da se bo primanjkljaj v letu 2021 zmanjšal pod 3 % BDP.
According the 2020 Stability Programme, Greece plans a deficit of -4.7% of GDP in 2020, while debt is planned at 188.8% of GDP.
V skladu s programom stabilnosti za leto 2020 Grčija v letu 2020 načrtuje primanjkljaj v višini -4,7 % BDP, dolg pa naj bi znašal 188,8 % BDP.
The headline surplus increased from 1.0% of GDP in 2018 to 1.5% in 2019, due to solid economic growth, contained expenditure growth, and the receipt of transfers of equivalent amounts to the income earned by euro-area national central banks on Greek government bonds held under the Agreement on Net Financial Assets (ANFA) and the Securities Market Programme (SMP).
Nominalni presežek se je povečal z 1,0 % BDP v letu 2018 na 1,5 % BDP v letu 2019, in sicer zaradi dobre gospodarske rasti, omejene rasti odhodkov in prejema prenosa zneskov, enakovrednih dohodku nacionalnih centralnih bank euroobmočja od grških državnih obveznic v okviru dogovora o neto finančnih sredstvih in programa za trge vrednostnih papirjev.
Greece did not make sufficient progress towards meeting the debt reduction benchmark in 2019.
Grčija v letu 2019 ni dosegla zadostnega napredka pri izpolnjevanju merila glede zmanjšanja dolga.
Nevertheless, it cannot be argued that macroeconomic conditions are a mitigating factor in explaining Greece's lack of sufficient progress towards meeting the debt reduction benchmark in 2019.
Vendar ni mogoče trditi, da so makroekonomski pogoji olajševalni dejavnik, s katerim bi se lahko pojasnilo, zakaj Grčija pri izpolnjevanju merila glede zmanjšanja dolga leta 2019 ni dosegla zadostnega napredka.
Public investment is estimated to have fallen from 3.0% of GDP in 2018 to 2.2% in 2019.
Po ocenah so se javne naložbe zmanjšale s 3,0 % BDP v letu 2018 na 2,2 % v letu 2019.
Data notified by the Greek authorities on 22 April 2020 and subsequently validated by Eurostat 1 show that the general government surplus in Greece reached 1.5% of GDP in 2019, while general government gross debt stood at 176.6% of GDP.
Podatki, ki so jih grški organi sporočili 22. aprila 2020 in jih je nato potrdil Eurostat 1 , kažejo, da je presežek sektorja država v Grčiji leta 2019 dosegel 1,5 % BDP, bruto dolg sektorja država pa je znašal 176,6 % BDP.
Government debt decreased between 2016 and 2017 from 178.5% to 176.2% of GDP, and then increased markedly in 2018 to 181.2% of GDP.
Javni dolg se je med letoma 2016 in 2017 zmanjšal s 178,5 % na 176,2 % BDP, nato pa se je v letu 2018 znatno povečal na 181,2 % BDP.
In 2019, the public debt-to-GDP ratio declined to 176.6%, reflecting the high general government headline surplus and the nominal GDP growth and the debt-reducing impact of stock-flow adjustments.
Delež javnega dolga v BDP se je v letu 2019 zmanjšal na 176,6 %, kar odraža visok nominalni presežek sektorja država in nominalno rast BDP ter učinek prilagoditev stanj in tokov na zmanjšanje dolga.
The debt reduction was due to the high primary surplus reached in 2019, which was augmented by strong real GDP growth and the increase in the GDP deflator, and by a marginally debt-reducing impact of stock-flow adjustments.
Zmanjšanje dolga je bilo posledica velikega primarnega presežka v letu 2019, ki se je povečal zaradi močne realne rasti BDP in povečanja deflatorja BDP, pa tudi zaradi učinka prilagoditev stanj in tokov na malenkostno zmanjšanje dolga.
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 Greece.
Kot je določeno v členu 2(4) Uredbe (ES) št. 1467/97, kar zadeva izpolnjevanje merila glede primanjkljaja v letu 2020, ker razmerje med javnim dolgom in BDP presega 60 % referenčne vrednosti in ni izpolnjen dvojni pogoj - tj. da primanjkljaj ostaja blizu referenčne vrednosti in da je referenčna vrednost presežena le začasno - navedenih pomembnih dejavnikov v korakih, ki so podlaga za sklep o obstoju čezmernega primanjkljaja v Grčiji na podlagi merila glede primanjkljaja, ni mogoče upoštevati.
The general government gross debt stood at 176.6% of GDP at the end of 2019, above the 60% of GDP Treaty reference value.
Bruto dolg sektorja država je ob koncu leta 2019 znašal 176,6 % BDP, kar je nad referenčno vrednostjo 60 % BDP iz Pogodbe.
As specified in Article 2(4) of Regulation (EC) No 1467/97, as regards compliance with deficit criterion in 2020, however, 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 Greece.
Kot je določeno v členu 2(4) Uredbe (ES) št. 1467/97, pa kar zadeva izpolnjevanje merila glede primanjkljaja v letu 2020, ker razmerje med javnim dolgom in BDP presega 60 % referenčne vrednosti in ni izpolnjen dvojni pogoj - tj. da primanjkljaj ostaja blizu referenčne vrednosti in da je referenčna vrednost presežena le začasno - navedenih pomembnih dejavnikov v korakih, ki so podlaga za sklep o obstoju čezmernega primanjkljaja v Grčiji na podlagi merila glede primanjkljaja, ni mogoče upoštevati.
According to the Commission 2020 spring forecast, general government debt is expected to rise from 176.6% of GDP in 2019 to 196.4% in 2020.
V skladu s pomladansko napovedjo Komisije 2020 naj bi se primanjkljaj sektorja država povečal s 176,6 % BDP, kolikor je znašal v letu 2019, na 196,4 % BDP v letu 2020.
Economic activity is expected to be severly impacted by the COVID-19 outbreak and the related containment measures.
Pričakuje se, da bodo izbruh COVID-19 in z njim povezani zajezitveni ukrepi resno vplivali na gospodarsko aktivnost.
The government debt-to-GDP ratio decreased from 181.2% in 2018 to 176.6% in 2019.
Delež javnega dolga v BDP se je zmanjšal s 181,2 % BDP v letu 2018 na 176,6 % BDP v letu 2019.
Based on the 2020 Stability Programme, Greece's general government deficit in 2020 is expected to reach 4.7% of GDP, above and not close to the Treaty reference value of 3% of GDP.
Na podlagi programa stabilnosti za leto 2020 naj bi primanjkljaj sektorja država Grčije v letu 2020 dosegel 4,7 % BDP, kar je nad referenčno vrednostjo iz Pogodbe, ki znaša 3 % BDP, in ni blizu nje.
The debt sustainability analysis has been updated on the basis of that forecast.
Analiza vzdržnosti dolga je bila posodobljena na podlagi te napovedi.
On 11 May 2020, the Croatian authorities transmitted a letter with relevant factors in accordance with Article 2(3) of Regulation (EC) No 1467/97.
Hrvaški organi so 11. maja 2020 poslali dopis, v katerem so navedli pomembne dejavnike v skladu s členom 2(3) Uredbe (ES) št. 1467/97.
At the same time, exports should suffer due to particulartly large strong suppression measures put in place in Croatia's main trading partners (Italy, Slovenia and Austria).
Hkrati naj bi izvoz prizadeli posebej obsežni odločni omejitveni ukrepi, ki so jih uvedle glavne trgovinske partnerice Hrvaške (Italija, Slovenija in Avstrija).
The macroeconomic imbalances (high levels of debt and external liabilities) improved below their 2008 levels.
Makroekonomska neravnotežja (visoke ravni dolga in zunanjih obveznosti) so se zmanjšala pod raven iz leta 2008.