natgillin/translations-raw huggingface dataset:
In conclusion, the Commission considers that the commitment given on partnerships must be fulfilled if all the doubts regarding the long-term viability of the firm are to be removed.
Za zaključek Komisija meni, da je izvajanje obveznosti v zvezi s partnerstvi nujno za odpravo dvomov v zvezi z dolgoročno sposobnostjo podjetja za preživetje.
Prevention of undue distortions of competition
Preprečevanje neupravičenega izkrivljanja konkurence
If it is to be authorised by the Commission, restructuring aid must meet a second condition, which is that measures must be taken to mitigate as far as possible any adverse effects of the aid on competitors.
Pomoči za prestrukturiranje, ki jih bo odobrila Komisija, morajo izpolnjevati še drugi pogoj, ki določa, da morajo biti ukrepi za zmanjšanje mogočega negativnega vpliva na konkurente sprejeti čim prej.
Otherwise, the aid has to be regarded as ‘contrary to the common interest’ and therefore incompatible with the common market.
Drugače morajo biti pomoči obravnavane kot „v nasprotju z interesom Skupnosti“ in so nezdružljive s skupnim trgom.
This condition usually takes the form of a limitation on the presence which the company can enjoy on its market or markets after the end of the restructuring period.
Ta pogoj največkrat prevzame obliko omejitve prisotnosti, ki jo podjetje lahko ohrani na trgu ali trgih po koncu obdobja prestrukturiranja.
As already stated, up to 2003 Alstom carried out activities in the following areas: power generation, transmission and distribution, rail transport and shipbuilding.
Kot je že bilo navedeno, je Alstom do leta 2003 izvajal dejavnosti na naslednjih področjih: energija, prenos in distribucija, železniški promet in pomorstvo.
Consequently, measures to offset the adverse effects of the aid on competitors should be taken in each of these sectors.
Posledično so bili v vsakem sektorju izpeljani ukrepi, namenjeni pokrivanju negativnih učinkov pomoči na konkurente.
The restructuring plan provides for the refocusing of Alstom around its core activities.
Načrt prestrukturiranja predvideva preusmeritev Alstoma na osnovne dejavnosti.
It is important in this context that the restructuring plan, as notified to the Commission by France on 5 December 2003 and 15 March 2004, be fully implemented, including as regards the assets to be sold off.
V tem kontekstu je pomembno, da je načrt prestrukturiranja, kot ga je Francija posredovala Komisiji 5. decembra 2003 in 15. marca 2004, izveden v celoti, vključno s sredstvi, ki jih je še treba prodati.
In the power generation sector, it should be noted that the company has already sold off the industrial turbines division, including small gas turbines (< 50 MW) and steam turbines (< 100 MW) to Siemens, and the T&D division to Areva.
V energetskem sektorju je treba opozoriti, da je podjetje Siemensu že prodalo segment industrijskih turbin, vključno z malimi plinskimi turbinami (< 50 MW) in parnimi turbinami (< 100 MW), oddelek T&D pa Arevi.
These divestitures accounted for 20 % of Alstom’s total turnover in 2002/2003.
Te prodane dejavnosti predstavljajo 20 % skupnega dobička Alstoma v letu 2002/2003.
In addition, the commitments given by France described in part V provide for the selling off of further assets in the power generation sector, including industrial boilers, and the setting up of a joint venture covering hydro-power.
Med drugim obveznosti Francije, opisane v delu V, predvidevajo prodajo nadaljnjih sredstev v energetskem sektorju, zlasti industrijskih grelnikov in ustanovitev skupnega podjetja za hidroenergijo.
As regards Alstom’s second core business division, rail transport, France undertakes to sell off in particular the Valencia freight locomotive plant and its Transport business in Australia and New Zealand.
Druga osnovna dejavnost Alstoma je železniški promet, kjer se Francija obveže, da bo prodala tovarno tovornih lokomotiv v kraju Valence in dejavnost „Transport“ v Avstraliji in Novi Zelandiji.
A trustee appointed by France and approved by the Commission will monitor the proper handling of the management and sale of these business divisions.
Nadzor nad ustreznim razvojem upravljanja in prodaje dejavnosti bo zagotavljal skrbnik, ki ga imenuje Francija in potrdi Komisija.
As regards the EUR 800 million (on the basis of 2002/2003 turnover) in additional divestitures that will have to be carried out from among the non-Marine business divisions, such divestitures must meet the following two conditions.
V zvezi z 800 milijoni EUR (na podlagi dobička iz leta 2002/2003) iz dodatnih prodaj, ki morajo biti izpeljane med dejavnostmi „Marine“, morajo te ustrezati dvema naslednjima pogojema.
On the basis of turnover which is already reduced by 20 % through the sale of industrial turbines and the T&D business, the additional sell-offs represent an additional reduction of some 10 %.
Na podlagi dobička, znižanega za 20 % s prodajo industrijskih turbin in dejavnosti T&D, nadaljnje prodaje predstavljajo dodatno znižanje za približno 10 %.
Such sell-offs must be in addition to significant reductions in business activity (notably total or partial closures of production sites) and to the staff reductions mentioned previously (see Table 2), as provided for in the restructuring plan.
Tem prodajam je treba dodati tudi zmanjšanje dejavnosti (zlasti skupno ali delno zaprtje proizvodnih enot) ter že omenjenemu zmanjšanju števila zaposlenih (glej tabelo 2), kot je predvideno v načrtu za prestrukturiranje.
In this context, the Commission considers that the compensatory measures carried out or to be carried out by Alstom will avoid undue distortions of competition within the meaning of points 35 to 39 of the guidelines.
V tem kontekstu Komisija ocenjuje, da že izvedena nadomestila in tista, ki še niso izvedena, Alstomu omogočajo, da se izogne neupravičenemu izkrivljanju konkurence v smislu točk od 35 do 39 smernic.
The compensatory measures combine both site closures and sell-offs.
Te kombinirajo zaprtje proizvodnih enot in prodajo.
The fact that, in the relevant sectors, market presence and production capacity are not highly dependent on installed production lines is the reason why, in this instance, the Commission has focused on sell-offs rather than on reducing the size of physical production plant.
Dejstvo, da sta v zadevnih sektorjih prisotnost na trgu in proizvodna zmogljivost le malo odvisna od nameščenih proizvodnih linij pomeni, da v tem primeru Komisija da prednost prodaji, ne pa zmanjšanju fizičnega obsega proizvodnje.
This conclusion is borne out by the specific conditions or obligations applicable to authorisation of the aid and imposed or accepted pursuant to point 42 of the guidelines.
Ta zaključek izhaja posebnih pogojev ali obveznosti, v primeru odobritve pomoči iz naslova točke 42 smernic.
In the transport area, France undertakes to begin a series of structural measures designed to increase effectively the opening-up of the French market for rolling stock, so as to increase competition on that market to the benefit of the consumer.
Pravzaprav se na področju transporta Francija obveže, da bo začela uvajati serijo strukturnih ukrepov za učinkovito povečanje francoskega trga železniškega materiala zato, da se dvigne raven konkurence na trgu v dobro potrošnika.
This commitment, which is a substantial commitment on markets which, on the basis of the information available, tend to give preference to national undertakings, is in line with point 42(i) of the guidelines.
Te obveznosti, ki so pomembne na trgih, ki na podlagi razpoložljivih podatkov, dajejo prednost nacionalnim podjetjem, ustrezajo točki 42(i) smernic.
Still in the Transport sector, limitations will be applied to Alstom’s pricing and acquisitions policy so as to avoid distortions of competition.
V sektorju Transport se omejitve nanašajo na politiko cen in nakupov Alstoma, da se izogne izkrivljanju konkurence.
The Commission notes that France has given a commitment that the firm will conclude one or more industrial partnerships involving significant parts of Alstom’s business within a period of four years.
Komisija poudarja, da se je Francija obvezala, da bo podjetje naslednjih štirih letih sklenilo enega ali več industrijskih partnerstev, ki bodo vključevali velik del Alstomove dejavnosti.
In addition to improving the company’s viability, this commitment regarding partnerships is also considered to be a compensatory measure for competitors.
Poleg izboljšanja sposobnosti preživetja podjetja so obveznosti partnerstev obravnavane kot nadomestni ukrep za konkurente.
It obliges Alstom to find partners in major business activities and to involve them in such activities.
Obvezuje Alstom, da za pomembne dejavnosti najde partnerje, ki bodo sodelovali pri teh dejavnostih.
The Commission considers that the partnerships requirement is mainly necessary in the transport and energy sectors, where distortions of competition due to the aid are most sensitive.
Komisija ocenjuje, da je partnerstvo pomembno zlasti na področju transporta in energije, kjer je izkrivljanje konkurence zaradi državnih pomoči najbolj občutljivo.
The joint venture that will be set up in hydro-power, on the basis of the commitment entered into by France, meets the same considerations.
Skupno podjetje, ki mora biti ustanovljeno za področje hidroenergije, v skladu z obveznostmi Francije, je obravnavano na enak način.
The Commission considers that the concept of ‘joint control’ must be understood within the meaning of Council Regulation (EEC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings (the EC regulation on concentrations) [35].
V tem smislu Komisija meni, da je pojem „skupni nadzor“ zajet v smislu Uredbe Sveta (ES) št. 139/2004 z dne 20. januarja 2004 o nadzoru koncentracij podjetij („Uredba ES o združitvah“) [35].
These last three aspects (limitations on pricing and acquisitions policy, industrial partnerships and the setting-up of a joint venture), whose substance has been set out in detail, are in line with point 42(ii) of the guidelines.
Ti trije elementi (omejitev cenovne politike, in nakupov, industrijska partnerstva in ustanovitev skupnega podjetja), katerih vsebina je bila podrobno obravnavana, so v skladu s točko 42(ii) smernic.
Lastly, the undertaking given by the French authorities to withdraw the notification of innovation aid and not to present notifications for restructuring aid, both of which relate to the Marine sector, is in line with point 42(iii) of the guidelines.
Končno so obveznosti francoskih organov za ukinitev obveščanja o pomočeh za inovacije in o neobveščanju za pomoči za prestrukturiranje povezane s sektorjem Marine in sodijo pod točko 42 (iii) smernic.
In this context, the Commission considers that it is also necessary to require that no additional aid be granted to Alstom until the end of the restructuring process and, at all events, until the date on which the scope for issuing new bonds under the EUR 8 billion syndicated facility expires, i.e. 30 June 2006.
V tem kontekstu Komisija ocenjuje, da je nujno zahtevati, da se Alstomu vse do konca prestrukturiranja in v vsakem primeru do datuma preteka možnosti za izdajo novih garancij v sindicirani shemi v vrednosti 8 milijard EUR, to je do 30. junija 2006, ne sme dodeliti nove pomoči.
This condition does not apply to aid covered by Article 87(2) of the Treaty, aid granted under research projects jointly financed by the European Union or aid granted under the temporary defensive mechanism (see recital 218).
Ta pogoj ne velja za pomoči iz člena 87(2) Pogodbe, niti za pomoči, odobrene v okviru raziskovalnega projekta, ki ga sofinancira Evropska unijam, niti za pomoči iz naslova začasnega obrambnega mehanizma (glej uvodno izjavo 218).
Given Alstom’s position on the French market, particularly in the rolling stock sector, the Commission notes with satisfaction the undertakings given by France as regards structural measures to open up this market.
Ob upoštevanju položaja Alstoma na francoskem trgu, zlasti v sektorju železniške signalizacije, Komisija z zadovoljstvom ugotavlja, da so obveznosti Francije v zvezi s strukturnimi ukrepi usmerjene k odprtju trga.
Taken as a whole, the measures will allow other firms to overcome certain obstacles which currently substantially restrict competition on this market.
Kot celota ti ukrepi podjetjem omogočajo premostitev določenih ovir, ki trenutno omejujejo konkurenčnost na omenjenem trgu.
Consequently, the Commission considers that sufficient measures have been taken to limit the adverse impact of the aid on competition, competitors and consumers.
Posledično Komisija ocenjuje, da so bili sprejeti zadostni ukrepi za omejevanje negativnega vpliva pomoči na konkurenco, konkurente in potrošnika.
Aid in proportion to the costs and advantages of restructuring
Pomoč v sorazmerju s stroški in prednostmi prestrukturiranja
A third condition must be met if the aid is to be authorised, which is that the amount and intensity of the aid must be limited to the strict minimum needed to enable restructuring to be undertaken in the light of the existing financial resources of the company, its shareholders or the business group to which it belongs.
Zato, da se pomoč odobri, mora biti izpolnjen tretji pogoj, ki določa, da sta znesek in intenzivnost pomoči omejena na najnižji znesek v smislu finančnih zmožnosti podjetja, delničarjev ali poslovne skupine, katere del je.
Aid beneficiaries must make a significant contribution to the restructuring plan from their own resources.
Upravičenci do pomoči morajo iz lastnih sredstev znatno prispevati k načrtu prestrukturiranja.
In any event, it must be demonstrated to the Commission that the aid will be use only for the purpose of restoring the firm’s viability and that it will not enable the recipient during the implementation of the restructuring plan to expand production capacity.
V vsakem primeru je treba Komisiji dokazati, je pomoč namenjena izključno za obnovitev sposobnosti preživetja podjetja in ne za povečanje proizvodne zmogljivosti med izvajanem načrta prestrukturiranja.
The Commission notes that the costs of reorganising Alstom’s activities, as described in the plan assessed by PricewaterhouseCoopers (PwC), amount to EUR […] [36].
V primeru Alstoma Komisija meni, da so stroški reorganizacije dejavnosti, ki so opisani v načrtu, ki ga je ocenilo podjetje PricewaterhouseCoopers („PwC“), narasli na […] EUR [36].
To this amount must be added the capital requirements needed to re-establish a sufficiently sound financial structure.
Temu znesku je treba dodati še kapital, potreben za obnovitev dovolj trdne finančne strukture.
Equity almost totally disappeared from the balance sheet, following the exceptional losses of the last two years.
Lastna sredstva so zaradi izjemnih izgub v prejšnjih dveh letih pravzaprav skoraj v celoti izginila iz bilance.
Lastly, account must also be taken of the firm’s very substantial bonding and liquidity requirements.
Končno je treba upoštevati tudi pomembne obveznosti podjetja v zvezi z garancijami in likvidnostjo.
The Commission notes that the state is providing EUR 300 million through the TSDDRA (measure 1), EUR 1,2 billion in short-term liquidity (measure 2), EUR 1,25 billion through a second-rank guarantee (measure 3), EUR 300 million through a guarantee for a PSDD, convertible into capital, (measure 4), EUR 200 million through a TSDD, also convertible into capital (measure 5) and is participating in a new capital increase amounting to EUR 180 to 22 million. Lastly, through guarantees in the Marine sector, the state has accepted responsibility for an unspecified amount and has already granted guarantees (former measure 3) valued at some EUR 411 million. All in all, the state’s quantified overall exposure during the relevant period has amounted to a maximum of EUR 3,470 billion. However, it should be noted that, since the firm has already repaid EUR 900 million (measure 2), as has already been indicated, the potential risk for the state amounts to EUR 2,570 billion. As already explained, the value of the aid has been put at a maximum of between EUR 3,03 and 3,08 billion (see Table 7), plus an indeterminate amount stemming from measures 9 and 10.
Komisija poudarja, da države sodeluje pri sredstvih TSDDRA v višini 300 milijonov EUR (ukrep 1) kratkoročni likvidnostni v višini 1,2 milijard EUR (ukrep 2) garancijah drugega ranga v višini 1,25 milijard EUR (ukrep 3), garancijah za PSDD v višini 300 milijonov EUR, ki bodo preoblikovane v kapital (ukrep 4), pri TSDD v višini 200 milijonov EUR, ki bodo prav tako preoblikovani v kapital (ukrep 5) in novem povečanju kapitala v višini od 180 do 220 milijonov EUR. Končno se država prek garancij v sektorju Marine obveže, da bo sprejela obveznost za nedoločen znesek že odobrenih garancij (prejšnji ukrep 3), ocenjenih na približno 411 milijonov EUR. Skupno se je globalna izpostavljenost države v zadevnem obdobju povečala na največ 3470 milijard EUR. Zato je treba opozoriti, da je podjetje že vrnilo 900 milijonov EUR (ukrep 2), kot je že bilo navedeno, potencialno tveganje države pa se je dvignilo na 2570 milijard EUR. Kot je že bila razlaga, so bile pomoči ocenjene na najvišji znesek med 3,03 in 3,08 milijarde EUR (glej tabelo 7), plus za nedoločen znesek, ki izhaja iz ukrepov 9 in 10.
The contribution made by the firm itself to covering costs and capital requirements is significant.
Prispevek podjetja k pokrivanju stroškov in kapitalskih potreb je precejšen.
Very substantial divestitures have been and will be carried out.
Odprodaje pomembnih dejavnosti so bile in bodo izvedene.
The revenue from these divestitures has allowed and will allow part of these capital requirements to be covered.
Prihodki iz teh prodaj so in bodo omogočili pokritje dela kapitalskih potreb.
The proceeds will make it possible to limit the firm’s indebtedness and future financial charges.
Omogočili bodo omejitev dolga in prihodnjih finančnih stroškov podjetja.
Furthermore, in addition to the EUR 900 million repayment already referred to, which is not included in Table 8 so as to avoid double counting, the firm will make a very significant contribution by financing itself the EUR 700 million cash collateral, which is an essential element in obtaining the new bonding facility.
Poleg tega si bo podjetje poleg že omenjenega vračila 900 milijonov EUR, ki niso vključeni v tabelo 8, da se izogne dvojnemu računanju, prizadevalo samo financirati sredstva iz prodaje v višini 700 milijonov EUR, kar je nujni element za novo garancijsko shemo.
Apart from Alstom’s contribution, a substantial private contribution will be made by banks and investors.
Poleg Alstoma bodo iz zasebnega sektorja prispevale tudi banke in vlagatelji.
The banks have provided a guarantee on the first capital increase amounting to EUR 300 million, short-term liquidity amounting to EUR 300 million (measure 2), a syndicated bonding facility on which their real exposure will amount to EUR 6,05 billion (measure 3), a PSDD amounting to EUR 1,2 billion, ORA bonds worth EUR 900 million and a guarantee on the placing of the new capital increase amounting to EUR 800 million to EUR 1 billion, of which EUR 700 million will be used to finance the cash collateral.
Banke so izdale garancijo za prvo povečanje kapitala v višini 300 milijonov EUR, za kratkoročno likvidnost v višini 300 milijonov EUR (ukrep 2), sindicirano garancijsko shemo glede na katero se bo realna izpostavljenost dvignila na 6,05 milijarde EUR (ukrep 3), za PSDD v višini 1,2 milijard EUR, za ORA v višini 900 milijonov EUR in končno za garancijo za novo povečanje kapitala od 800 milijonov do 1 milijarde EUR, od tega je 700 milijonov namenjenih za financiranje sredstev iz prodaje v gotovini.
Alstom and the private sector have invested in the restructuring of the company an amount of between EUR 10,3 and 10,4 billion (or between EUR 9,6 and 9,7 billion if the cash collateral financed by the capital increase is not taken into account).
Alstom in zasebni sektor sta v prestrukturiranje podjetja vložila med 10,3 in 10,4 milijarde EUR (ali med 9,6 in 9,7 milijarde EUR, če se sredstva iz prodaje, financirana v gotovini s povečanjem kapitala, ne upoštevajo).
The private contribution may therefore be considered to be substantial here.
Zasebne prispevke se torej v tem primeru lahko obravnava kot precejšnje.
Description of the private contribution, excluding the proceeds of divestitures
Opis prispevkov zasebnega sektorja brez prihodkov od prodaje
Measures
Ukrepi
Bank/Investors
Banke/vlagatelji
Renewed short-term liquidities (measure 2)
Kratkoročna obnovljiva likvidnost (ukrep 2)
PSDD with possible conversion into capital (measure 4)
PSDD za možnostjo preoblikovanja v kapital (ukrep 4)
Bonds amounting to EUR 8 billion (measure 3)
Garancije v znesku 8 milijard (ukrep 3)
Financing of the collateral covering initial losses (measure 6)
Financiranje prvih izgub z denarjem od prodaje (ukrep 6)
In addition, the Commission must check that the aid will be limited to the minimum needed to enable restructuring to be undertaken.
Med drugim mora Komisija zagotoviti, da se pomoči omejijo na najnižji možni znesek, ki še omogoča prestrukturiranje.
It must be noted, firstly, that part of the aid has already been repaid, notably the EUR 900 million in measure 2.
Na eni strani je treba opozoriti, da je bil del pomoči, zlasti 900 milijonov EUR iz ukrepa 2, že vrnjen.
Secondly, France has undertaken to withdraw from the firm’s capital within the twelve months following Alstom’s obtaining an investment grade rating and, at all events, within four years.
Na drugi strani se je Francija obvezala, da bo umaknila udeležbo pri kapitalu v dvanajstih mesecih od datuma, ko bo Alstom pridobil „investicijsko stopnjo“, in v vsakem primeru v štirih letih.
Since France is not participating in the company’s capital as a private investor but for the purpose of providing aid, France’s undertaking is necessary in order to ensure that this state aid in the form of a capital participation is limited to the minimum period necessary.
Ker Francija ne sodeluje pri udeležbi v kapitalu podjetja tako kot zasebni vlagatelj, ampak v okviru dodeljevanja pomoči, je obveznost Francije nujna za zagotavljanje, da se državna pomoč v obliki udeležbe pri kapitalu omeji na najkrajše mogoče obdobje.
Consequently, the Commission considers it essential that this withdrawal from the capital should be effective.
Posledično Komisija ocenjuje, da je nujno, da je umik iz udeležbe pri kapitalu učinkovit.
The Commission also wishes to ensure that no additional aid is provided that would alter the proportionality of the aid measures as a whole which are the subject of this Decision.
Komisija prav tako želi zagotoviti, da nobena dodatna pomoč ne bo spremenila razmerja pomoči, ki so predmet tega sklepa.
For this reason, no further aid may be paid to the company for two years from the date of this Decision, which corresponds approximately to the restructuring period and the period during which new bonds may be issued under the new syndicated bonding facility [37].
Zaradi tega razloga v dobro podjetja v dveh letih od datuma tega sklepa, kar približno ustreza obdobju prestrukturiranja in obdobju, v katerem se lahko izda nove garancije iz naslova sindicirane sheme, ne sme biti izplačana nobena pomoč [37].
The Commission believes that the aid granted by France will enable Alstom both to carry out its restructuring and to pursue all its business activities during this two-year period, without having recourse to any new additional aid.
Komisija meni, da pomoči, ki jih je Francija dodelila Alstomu, podjetju omogočajo zagotavljanje prestrukturiranja in izvajanja vseh dejavnosti v tem obdobju dveh let, brez potrebe po dodatnih novih pomočeh.