natgillin/translations-raw huggingface dataset:
The original German text of the communication contains the wording relevant for this decision.
Za to odločbo je odločilnega pomena izvorno nemško besedilo v tem obvestilu.
OJ L 336, 29.12.1998, p. 21.
UL L 336, 29.12.1999, str. 21.
Annexes 4.1, 11.1, 22.1, 29.1, 37.1.2 and 44.1 to the detailed agreement of 16 April 2002; Annex 25 to the notification.
Priloge 4.1, 11.1, 22.1, 29.1, 37.1.2, 44.1 k podrobnem sporazumu z dne 16. aprila 2002, Priloga 25 k notifikaciji.
It employed some 17000 people in 2000, a little over 15000 in 2001 and about 13000 in 2002.
Število zaposlenih je znašalo približno 17000 zaposlenih leta 2000, nekaj več kot 15000 leta 2001 in približno 13000 leta 2002.
Second, it was still burdened by the structural weaknesses in the economy of the Berlin region, which were reflected in income per private customer that was some 15 % lower than the national average.
Po drugi strani pa berlinsko regijo še naprej pesti šibka gospodarska struktura, ki se kaže v približno 15 % nižjem dohodku na občana v primerjavi s povprečjem v celotni Nemčiji.
Most of its competitors in Berlin could offset this through their presence in other regions.
Večina drugih tekmecev v Berlinu lahko z navzočnostjo v ostalih pokrajinah ta primanjkljaj nadomesti.
At the same time, the number of employees would be reduced by just over [...]* %.
Sočasno se je število zaposlenih skrčilo za nekaj več kot [...]* %.
Once again these figures take no account of the promised sale of Berliner Bank.
Tudi tukaj ni upoštevana kasneje obljubljena odsvojitev Berliner Bank.
So the risk shield could be regarded as constituting a market distortion only in relation to IBAG’s new business up to the end of 2005, i.e. a total of EUR [...]* from 2002 to 2005.
Tako je mogoče omejitvi tveganj prišteti največ nov posel IBAG do konca 2005 kot izkrivljanje tržnih razmer, kar bi od leta 2002 do 2005 znašalo skupaj [...]* EUR. Ta skupni znesek izkrivljanja tržnih razmer leži med najboljšim scenarijem za dejansko uveljavljanje pravic dežele Berlin iz omejitve tveganj (2,7 milijarde EUR) in najslabšim scenarijem (6,1 milijarde EUR).
In the past, market participants had been able to achieve growth only through very aggressive pricing, which, however, in many cases later led to significant value adjustments, as the example of BerlinHyp or BGB showed.
V preteklosti so udeleženci dosegli rast na trgu le z agresivnim oblikovanjem cen, kar pa je v večini primerov kasneje pripeljalo do znatnih popravkov vrednosti, kot kažeta tudi primera BerlinHyp in BGB.
The strong fragmentation of the market had resulted in intensive competition and considerable pressure on margins.
Močna razdrobljenost trga je povzročila hudo tekmovalnost in znaten pritisk na marže.
Total earnings are set to fall only slightly, while total administrative expenditure during the same period should fall by just under [...]* % and profit before tax should increase from about EUR [...]* to about EUR [...]*. Risk positions are to be reduced significantly.
Vsota prihodkov naj bi se zmanjšala le nekoliko, medtem ko bi se vsota upravljalnih stroškov v enakem èasovnem obdobju zmanjšala za nekoliko manj kot [...]* %, dobièek pred davki pa bi se poveèal iz [...]* EUR na približno [...]* EUR. Znatno bi se skrèile tudi postavke tveganja.
Pre-tax profit should increase from distinctly negative figures to about EUR [...]* in 2006. Risk positions should be reduced by over [...]* % and the cost/income ratio of the real estate financing business should rise by about [...]* %, inter alia owing to the above-mentioned cost-intensive measures aimed at introducing better risk management, to a little over [...]* %.
Dobièek pred davki naj bi se iz obèutno negativnih številk do leta 2006 poveèal na približno [...]* EUR. Tvegane postavke naj bi se skrèile za veè kot [...]* %, razmerje stroškov in poslovnih prihodkov pri poslu financiranja nepremiènin pa naj bi poraslo iz približno [...]* % na nekaj veè kot [...]* % tudi zaradi prikazanih dragih ukrepov za vzpostavitev boljšega upravljanja tveganj.
Following an analytical examination of a suitable sample of the bank’s loan portfolio, the Commission’s advisers Mazars recommended that the level of risk provisioning be gradually increased up to the end of the restructuring period in the base-case scenario by EUR [...]* and in the worst-case scenario by EUR [...]*.
Z analitičnim preizkusom ustreznega naključno izbranega vzorca kreditnega portfelja banke so svetovalci Komisiji priporočali postopno povišanje rezervacij za tveganja do konca obdobja prestrukturiranja za [...]* EUR za osnovni scenarij in za [...]* EUR za najslabši scenarij.
They also identified an omission in the worst-case scenario which needs to be offset by an additional risk provision of EUR [...]*, broken down into EUR [...]* for 2003, EUR [...]* for 2004, EUR [...]* for 2005 and EUR [...]* million for 2006.
Ugotovili so tudi izpustitev za primer najslabšega scenarija, ki jo je treba izravnati z dodatnimi rezervacijami za tveganja v višini [...]* EUR. Deli se na [...]* EUR za leto 2003, [...]* EUR za 2004, [...]* EUR za 2005 in [...]* EUR za 2006.
The requirement of a separate sale would entail a one‐off write‐down of the present book value of EUR [...]* by EUR [...]* to the book value of BerlinHyp's capital of EUR 519 million. The expected pre‐tax result for the rest of the group in 2006 would be reduced by a further EUR [...]* or so (difference between the disappearance of the planned BerlinHyp result of some EUR [...]* and the interest earnings on the expected sales proceeds of some EUR [...]*).
Obveznost ločene odsvojitve bi zahtevala enkraten odpis aktualne knjižne vrednosti [...]* EUR za [...]* EUR na knjižno vrednost lastnega kapitala BerlinHyp v višini 519 milijonov EUR. Izid pred davki za preostali koncern, pričakovan za leto 2006, se bo zmanjšal za približno dodatnih [...]* EUR (razlika med odpadom načrtovanega izida BerlinHyp v višini približno [...]* EUR in donosa iz obresti iz pričakovanega prihodka od prodaje v višini [...]* EUR).
At an early stage in the procedure, Germany also announced its intention of divesting LBB of the development business of IBB and at least part of the IBB special reserve, which is currently available to LBB as core capital.
Nemčija je prav tako v zgodnjem stanju postopka izrazila namen iz LBB ponovno izločiti razvojni posel IBB ter vsaj en del namenske rezerve IBB, ki je sedaj v obliki temeljnega kapitala na voljo LBB.
This intention was likewise spelt out in an undertaking submitted by Germany in January 2004.
Namen je podrobno urejala tudi privolitev, ki jo je Nemčija predložila januarja 2004.
The theoretical ceiling is therefore adjusted for such duplication, and this reduces it to EUR 21,6 billion.
Kot navaja 45. člen podrobnega sporazuma lahko na primer dežela na zahtevo tretjega upnika iz najemniške garancije po eni strani jamči iz prevzete izpolnitvene obveznosti proti LPFV, po drugi pa iz oprostitve izjav o nameri materinske družbe. Podroben sporazum prav tako ureja, da dežela v teh primerih za zadevno tveganje jamči samo enkrat.
Germany also explained that, from a commercial standpoint, the total take‐up expected corresponded to the worst‐case scenario, with an estimated value of EUR 6,1 billion (EUR [...]* in rent guarantees, EUR [...]* in maximum price guarantees, EUR [...]* in renewal guarantees, EUR [...]* in book value guarantees and EUR [...]* in residual amounts), and hence to the economic value of the aid.
Nemčija je prav tako prikazala, da ustreza skupna pričakovana uveljavitev iz poslovno-ekonomskega vidika najslabšemu primeru z ocenjeno vrednostjo 6,1 milijarde EUR ([...]* EUR uveljavitve iz najemniških garancij, [...]* EUR iz garantiranih najvišjih cen, [...]* EUR iz revitalizacijskih garancij, [...]* EUR iz garancij knjižne vrednosti in [...]* EUR za preostali znesek) in s tem gospodarski vrednosti pomoči.
This economic value was underpinned by an alternative calculation submitted by Germany: without the guarantees in the risk shield, liability for all the risks would have had to be ‘discharged’ with a capital injection of some EUR [...]*‐ [...]*.
To gospodarska vrednost je Nemčija še podkrepila z alternativnim razmislekom. Brez garancij za omejitev tveganj bi bilo treba s prilivom kapitala v višini okoli [...]* EUR - [...]* EUR, „razrešitve garancij“ za vsa tveganja.
Germany also explained in this connection that it was nevertheless not possible for supervisory reasons to limit the maximum liability under the risk shield to the economic value of just over EUR 6 billion.
V tej zvezi je Nemčija prav tako navedla, da omejitev najvišjega zneska jamstva za omejitev tveganj na gospodarsko vrednost v višini dobrih 6 milijard EUR zaradi nadzorno-pravnih razlogov kljub temu ni mogoča.
Only if the amount were EUR 21,6 billion would all conceivable risks mentioned above be covered, so that the group banks’ loans to property service companies, which on account of the risks were being committed and drawn down from rent, renewal and the other above‐mentioned guarantees, play no role in the calculation of the subsidiary banks’ and the group’s own‐funds ratios because they have a 0 % weighting in the calculation and are therefore not included and also not set off against the large‐scale lending limits.
Vsa teoretično možna zgoraj navedena tveganja je mogoče kriti le z zneskom v višini 21,6 milijarde EUR, tako da krediti bank koncerna na družbe z nepremičninskimi storitvami, ki so bili prav tako uveljavljeni zaradi tveganj iz najemniških, revitalizacijskih in drugih zgoraj omenjenih garancij pri obračunu koeficienta lastniških sredstev virov specializiranih bank in koncerna ne igrajo večje vloge, saj so pri izračunu uteženi z 0 % in se temu ustrezno ne štejejo in prav tako ne prištevajo mejam velikega kredita.
In the Commission's view, it has been sufficiently demonstrated that BGB is to be regarded as a firm in difficulty within the meaning of Section 2.1. (point 30, read in conjunction with points 4 to 8) of the guidelines.
Komisija je ocenila, da je v zadostni meri dokazano, da je treba BGB obravnavati kot podjetje v težavah v smislu odseka 2.1 (številka 30 v kombinaciji s številkama 4 in 8) smernic.
Under point 37 of the guidelines, an assessment of compensatory measures must take account of ‘the relative importance of the firm on its market or markets’. The retail banking business (private and corporate customers) is therefore by far the most problematic from a competition point of view.
V skladu s številko 37 smernice je pri ocenjevanju dolžnosti odločilna „zlasti relativna moč podjetja na njegovem trgu ali trgih.“ Področje poslovanja z zasebnimi strankami in podjetji (bančno poslovanje z občani) je tako iz vidika konkurence nedvomno najtežavnejše.
OJ L 83, 27.3.1999, p. 1. Regulation as amended by the 2003 Act of Accession.
UL L 83, 27.3.1999, str. 1, Uredba, spremenjena z Aktom o pristopu 2003.
Targeted portfolio management and the related exclusion of risk‐bearing loans, the introduction of risk‐geared pricing, and the focusing of business on the core segments of commercial customers and regional corporate banking would lead to a slight drop in the volume of loans from EUR [...]** to EUR [...]** despite average market growth in Berlin in the period 2001 to 2006 of 1 %.
Z načrtovanim usmerjanjem portfelja in s tem povezanim izločanjem kreditov, obremenjenih s tveganjem, uvajanjem določanja cen, ki se ravna po tveganju ter z osredotočanjem poslovne dejavnosti na temeljne segmente stranke iz industrije in regionalne stranke-podjetja bi naj v Berlinu med 2001 in 2006 prišlo do rahlega poplačila kreditnega obsega iz [...]* EUR na [...]* EUR kljub povprečnemu tržnemu porastu v višini 1 %.
An obligatory separate sale would require a one‐off write‐down of the current book value of EUR [...]** by EUR [...]** to the book value of BerlinHyp’s own funds of EUR 519 million. The expected earnings before tax in 2006 for the rest of the group would fall by a further EUR [...]** or so (difference between the loss of BerlinHyp’s expected income of about EUR [...]** and the interest income from the expected proceeds of the sale of about EUR [...]**).
Obveznost ločene odsvojitve bi pomenila enkraten odpis aktualne knjižne vrednosti v višini [...]* EUR za [...]* EUR na knjižno vrednost lastniškega kapitala BerlinHyp v višini 519 milijonov EUR. Dobiček pred davki, pričakovan za preostali koncern za leto 2006 se bo zmanjšal še približno za nadaljnjih [...]* EUR (razlika med neupoštevanjem načrtovanega izida BelinHyp v višini [...]* EUR in prihodkov iz obresti iz pričakovanega prodajnega izkupička v približni višini [...]* EUR).
In 2000 BGB had a group balance sheet total of about EUR 205 billion in 2000, about EUR 189 billion in 2001 and about EUR 175 billion in 2002. This put it in tenth place among German banks in 2001 and in twelfth place in 2002.
Leta 2000 je znašala bilančna vsota koncerna BGB okoli 205 milijard EUR, leta 2001 okoli 189 milijard EUR in leta 2002 okoli 175 milijard EUR. S tem je zasedala deseto (2001) oz. dvanajsto mesto (2002) med nemškimi bankami.
This total volume of market distortion lay between the best‐ and worst‐case scenarios for the actual cover provided by the Land of Berlin under the risk shield (EUR 2,7 billion and EUR 6,1 billion respectively). In determining the market distortion caused by the risk shield, the Commission should therefore take as a basis the value established for IBAG’s new business up to the end of the restructuring period, i.e. EUR [...]*.
Zatorej se zdi primerno, da Komisija pri določanju izkrivljanja tržnih razmer, ki ga povzroči omejitev tveganja uporabi nov posel družbe IBAG do sklenitve faze prestrukturiranja v vrednosti [...]* EUR. Vsekakor bi lahko mogoče namesto tega določiti izkrivljanje tržnih razmer zaradi omejitve tveganja na osnovi vrednosti pomoči za omejitev tveganja, ki ustreza najslabšemu scenariju (6,07 milijarde EUR).
The real risk is estimated at EUR 2,7 billion in the best‐case scenario, at EUR 3,7 billion in the base‐case scenario and at EUR 6,1 billion in the worst‐case scenario. The assumptions on which these estimates are based were communicated in the course of the procedure (see paragraph 138).
Po tem bo dejansko tveganje znašalo v najboljšem primeru („best-case“ scenarij), 2,7 milijarde EUR, v „osnovnem primeru“ („base-case“ scenarij) 3,7 milijarde EUR in v najslabšem primeru („worst-case“ scenarij) 6,1 milijarde EUR. Domneve, ki vodijo do teh ocenjenih vrednosti, so bile sporočene med postopkom (glej obrobno številko 138).
In its decision to initiate proceedings, the Commission had assumed that BGB enjoyed an extremely strong market position and had drawn appropriate consequences for the determination of compensatory measures. However, this assumption, based on the information then available, was not borne out by the low market shares actually held by BGB. Overall, the proposed measures to offset the market distortion appeared to be appropriate, even allowing for any possible state aid implications that WBK's assets might have for LBB.
Nemčija je nadalje navajala, da odsvojitev Berliner Bank pred odsvojitvijo deležev, ki jih ima dežela Berlina v BGB, iz konkurenčnih razlogov ni nakazana.
Germany also argued that on competition grounds it was inadvisable to sell Berliner Bank before selling the Land of Berlin’s shares in BGB. The remedies in the retail sector were sufficient: divestment of Weberbank, Allbank and the foreign subsidiaries BGB Polska and Zivnostenska Banka, the relinquishing of the six German private customer centres and the closure of around 90 branches, predominantly in Berlin.
Kot dolžnost na področju poslovanja z občani naj bi odcepitev Werbebank, Allbank und hčerinskih družb v tujini BGB Polska in Zivnostenska Banka ter opustitev 6 centrov za zasebne stranke in zaprtje približno 90 podružnic, v glavnem v Berlinu, zadostovalo.
However, at the time when its annual accounts for 2002 were drawn up, and also thereafter, the bank reported a core‐capital ratio that was no more than 6 % and was partly below that figure. The bank would not have coped with any further pressure on the core‐capital ratio at this stage of restructuring.
Vendar je banka v času sestavljanja letne bilance za leto 2002 in tudi kasneje prikazovala stopnjo temeljnega kapitala, ki ni znašala več kot 6 % in je bila deloma še nižja.
As explained above, the Commission believes that in the long term a core‐capital ratio of 6 % is absolutely vital. If, in its decision in case C 48/2002, the Commission were to oblige the Land of Berlin to recover from the bank the aid element incompatible with the common market, the Land of Berlin would leave its claim in the form of a deposit with the bank.
Dodatne obremenitve stopnje temeljnega kapitala banka v tej fazi prestrukturiranja ne bi prenesla.
In the agreement in principle, the ceiling was set at EUR 35,34 billion because the guarantees listed above sometimes covered the same risks. Article 45 explains that, where an outside creditor puts forward a claim under a rent guarantee, the Land may, for example, be liable both under the performance obligation taken over from LPFV and under the indemnity given to BGB in respect of guarantees. The detailed agreement states that, in such cases, the Land will be liable only once.
V temeljnem sporazumu je bila kot največja vrednost prikazana 35,34 milijarde EUR, saj krijejo zgoraj navedene garancije iz vidika pravno-nadzornih preudarkov delno ista tveganja.
According to the provisional calculations submitted by Germany, the largest item in the EUR 21,6 billion figure is the performance obligation taken over from LPFV: it amounts to EUR [...]**, comprising EUR [...]** to indemnify LPFV in respect of liabilities arising out of rent and dividend guarantees and EUR [...]** to indemnify it in respect of risks arising out of the renewal guarantees for buildings. (29) However, this theoretical ceiling is based on the assumption that all the risks will, in fact, materialise in full.
Teoretični najvišji znesek bi bilo tako mogoče znižati za večkrat upoštevane zneske in ga določiti na 21,6 milijarde EUR. Od teh 21,6 milijarde EUR je oprostitev LPFV po predhodnih izračunih, ki jih je predložila Nemčija, dosegla najvišji znesek (okoli [...]* EUR, od česar gre za oprostitev obvez LPFV iz najemniških in izplačilnih garancij [...]* EUR in [...]* EUR za oprostitev tveganj iz tako imenovanih revitalizacijskih garancij za zgradbe).
The reduction in risk assets was in order to avoid high cluster risks, especially in the large corporate customer segment (turnover of more than EUR 50 million). Outside Berlin, there would be a further reduction of EUR [...]**. The volume of deposits by corporate customers was expected, despite a targeted reduction in large‐volume credit business through cross‐selling, to remain more or less constant.
Krčenje tvegane aktive poteka za preprečevanje visokih zgoščenih tveganj še zlasti v segmentu večjih strank-podjetij s prometom nad 50 milijonov EUR. Zunaj Berlina bi skrčili nadaljnjih [...]* EUR. Naložbeni obseg pri poslovanju s podjetji naj bi kljub ciljnemu poplačevanju kreditnega posla velikega obsega zaradi prizadevanja z vzajemnim poslovanjem ostal skoraj stalen.
Point 4 of the guidelines assumes that a firm is in difficulty ‘where it is unable, whether through its own resources or with the funds it is able to obtain from its owner/shareholders or creditors, to stem losses which, without outside intervention by the public authorities, will almost certainly condemn it to go out of business in the short or medium term’. In the case of BGB, these circumstances clearly obtain.
V številki 4 smernic navaja izhodišče, da je podjetje v težavah, „če ni v položaju z lastnimi finančnimi sredstvi ali tujimi sredstvi, ki mu jih nudi njegov lastnik/večinski lastnik ali upnik, poravnati izgube, ki so za podjetje kratkoročno ali srednjeročno skoraj zanesljiv propad, če država ne bo posegla.“ Okoliščine, v katerih je BGB, so nedvomno takšne.
These economically unjustifiable practices were greatly facilitated by a system for recognising and controlling risks which can be described as rudimentary and in no way appropriate to the standard requirements of effective risk management. Neither the bank’s managing board nor its supervisory board adequately fulfilled its responsibility to manage or supervise the company properly.
Ravnanje, ki je iz poslovno-ekonomskega vidika nesprejemljivo, je odločilno olajšal sistem za prepoznavanje in obvladovanje tveganj, ki ga je mogoče označiti za kvečjemu v nastajanju in v nobenem pogledu ne zadovoljuje tržno običajnih zahtev učinkovitega upravljanja tveganj.Očitno je, da se niti uprava, niti nadzorni svet banke nista zavedala svoje odgovornosti za pravilno vodenje ali nadziranje podjetja na ustrezen način.
Consolidated liabilities fell from EUR 185 billion at the end of 2001 by EUR 32 billion to EUR 153 billion in mid-2003. This exceeded by a significant margin the planned target for 2003 of a little over EUR 160 billion. By 2006 the figure should have fallen to just under EUR [...]*.
Uskupinjene obveznosti so se sredi leta 2003 zmanjšale iz 185 milijard EUR v letu 2001 za 32 milijard EUR na 153 milijard EUR. To je znatno prekoračilo načrtovani cilj za leto 2003 v višini nekaj več kot 160 milijonov EUR. Do leta 2006 bi naj se obveznosti znižali še na nekoliko manj kot [...]* EUR.
on the State aid implemented by Germany for MobilCom AG
o državni pomoči Nemčije v korist MobilCom AG
(notified under document number C(2004) 2641)
(notificirano pod dokumentarno številko K(2004) 2641)
Having regard to the Agreement establishing the European Economic Area, and in particular Article 62(1)(a) thereof,
ob upoštevanju Sporazuma o Evropskem gospodarskem prostoru, zlasti člena 62(1)(a),
Having regard to Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 93 of the Treaty establishing the European Community, and in particular Article 7(3) and (4) thereof,
ob upoštevanju Uredbe Sveta (ES) št. 659/1999 z dne 22. marca 1999 o določitvi podrobnih pravil za uporabo člena 93 Pogodbe ES in zlasti člena 7(3) in (4) Uredbe,
Having called on the Member State and other interested parties to submit their comments pursuant to the provisions cited above, and having regard to their comments,
po pozivu države članice in drugih zainteresiranih strank, da predložijo svoje pripombe v skladu z navedenimi členi in ob upoštevanju njihovih pripomb,
By letter dated 18 October 2002, Germany informed the Commission of ‘rescue aid’ in the form of a State guarantee for a loan of EUR 50 million granted to MobilCom AG (hereinafter referred to as MobilCom) by the State‐owned Kreditanstalt für Wiederaufbau (KfW).
S pismom z dne 18. oktobra 2002 je Nemčija Komisijo obvestila o odobritvi tako imenovane pomoči za reševanje v obliki državnega poroštva za posojilo v višini 50 milijonov EUR, ki ga je zvezni Kreditni zavod za obnovo („Kreditanstalt für Wideraufbau“, v nadaljevanju „KfW“) odobril podjetju MobilCom AG (v nadaljevanju „MobilCom“).
The loan had been paid out on 19 September 2002.
Posojilo je bilo izplačano dne 19. septembra 2002.
By letters dated 21 and 30 October 2002, the Commission asked for additional information, which Germany duly supplied by letters dated 23 October, registered as received on 23 and 24 October, and by letter dated 5 November, registered as received on the same day.
S pismi z dne 21. oktobra 2002 in 30. oktobra 2002 je Komisija zahtevala dodatne informacije, ki jih je Nemčija predložila s pismi z dne 23. oktobra 2002, prejetimi dne 23. oktobra 2002 in dne 24. oktobra 2002 oziroma s pismom z dne 5. novembra 2002, prejetim dne 5. novembra 2002.
By letter dated 27 November 2002, registered as received on 28 November, Germany informed the Commission of a further 80 % deficiency guarantee for a new loan of EUR 112 million. Representatives of the Commission and Germany met on 10 December 2002.
S pismom z dne 27. novembra 2002, prejetim 28. novembra, je Nemčija sporočila odobritev dodatnega 80-odstotnega državnega poroštva za zanesljivost plačila za novo posojilo v višini 112 milijonov EUR. Dne 10. decembra 2002 so zasedali predstavniki Komisije in Nemčije.