natgillin/translations-raw huggingface dataset:
Whatever the level of losses, the amount covered by the state is lower than under the previous package.
Ne glede na raven izgube je znesek, ki ga za kritje nameni država nižji od zneska v predhodnem finančnem paketu.
As will be explained in part VI 3, the contract bonds must be regarded as state aid of up to 100 % of their amount.
Kot bo razloženo v delu VI C, je treba garancije obravnavati kot pomoč države vse do vrednosti 100 %.
Consequently, the extension of the state’s commitment under the guarantee is more than offset by a real and significant reduction in the aid as a result of the setting-up of the new mechanism.
V teh pogojih je podaljšanje obveznosti države na podlagi garancij nadomeščena z realnim in znatnim zmanjšanjem pomoči iz izvajanja novega mehanizma.
Similarly, the conversion of the state’s debt (measures 4 and 5) into capital under the amended arrangements does not entail any increase in the amount of aid included in it.
Podobno je za preoblikovanje dolga države (ukrepa 4 in 5) v kapital, kot izhaja iz zadevnih sprememb in ki ne vpliva na povečanje vključenih pomoči.
As will be explained in part VI 3, the loans are regarded here as representing aid equivalent to 100 % of the relevant amount as from the time they are granted.
Kot bo razloženo v delu VI C, so posojila obravnavana kot pomoč v višini 100 % zadevnega zneska od trenutka odobritve.
Lastly, the state’s participation in the new capital increase (measure 6) will be slight compared to that of the private contribution.
Končno je sodelovanje države pri novem povečanju kapitala (ukrep 6) manj pomembno kot prispevki zasebnikov.
It will take place in proportion to the capital subscribed by the state and under the same terms and conditions as for the other participants.
Izvajano bo sorazmerno s kapitalom, ki ga je vpisala država in pod enakimi pogoji, kot za druge udeležence.
Furthermore, from the point of view of the state’s total exposure, its participation in the capital increase is more than offset by the reduction in the guarantee covering the bonding facility.
Poleg tega, se z vidika popolne izpostavljenosti njeno sodelovanje pri povečanju kapitala izravna z zmanjšanjem garancije iz garancijske sheme.
It was also noted that the changes in the new financial package introduced in May 2004 included a very significant increase in the private contribution to restructuring and, consequently, a considerable improvement in Alstom’s financial situation.
Prav tako je bilo ugotovljeno, da spremembe novega finančnega paketa, ki je bil predstavljen maja 2004, vsebujejo znatno povečanje zasebnih prispevkov za prestrukturiranje in posledično znatno izboljšanje finančnega položaja skupine Alstom.
The change to the state guarantee covering the bonding facility means that the banks now have a EUR 6 billion exposure. In addition, more than 80 % of the new capital increase will be guaranteed by the banks.
Poleg tega sprememba garancije države o garancijski shemi pomeni, da bodo banke izpostavljene za 6 milijard EUR. Med drugim več kot 80 % novega povečanja kapitala garantirajo banke.
Lastly, there is a very substantial contribution from the company itself, which will finance the EUR 700 million collateral, which is a first-rank guarantee on the new bonding facility.
Končno je treba opozoriti na znaten prispevek podjetja, ki bo samo financiralo 700 milijonov EUR z denarjem iz prodaje, kar je garancija prvega ranga iz nove garancijske sheme.
Lastly, it should be noted that the changes to the financial package are accompanied by commitments given by France, described in recitals 96 to 103, which are such, on the one hand, as to offset the distortions of competition that may arise from the aid by limiting the period covered by state assistance and, on the other, ensure the company's long-term viability.
Končno je treba opozoriti, da spremembe finančnega paketa tudi spremljajo obveznosti Francije, opisane v uvodnih izjavah od 96 do 103, katerih namen je nadomestitev izkrivljanja konkurence ki bi jo lahko povzročili ukrepi pomoči z omejevanjem obdobja, zajetega v pomoč države, in na drugi strani zagotavljanje dolgoročne sposobnosti za preživetje.
The Commission accordingly considers that the adjustments made in May 2004 are such as reduce the state's assistance and increase the contribution of private-sector partners, thus limiting the distortions of competition arising from the measures as a whole, while at the same time making a decisive contribution to ensuring the company's viability in the long term.
Pod temi pogoji Komisija ocenjuje, da so prilagoditve iz maja 2004 takšne, da lahko zmanjšajo pomoč države in povečajo prispevke partnerjev iz zasebnega sektorja in tako zmanjšajo izkrivljanje konkurence, ki bi izhajala iz teh ukrepov kot celote ter istočasno omogočalo dolgoročno sposobnost preživetja podjetja.
The adjustments do not therefore increase the Commission's doubts as to the compatibility of the aid as a whole or create any new doubts as to any given measures in particular.
Te prilagoditve ne povečujejo dvoma Komisije v zvezi z usklajenostjo pomoči kot celote in ne povzročajo novih dvomov v zvezi s katerim koli posameznim ukrepom.
On the contrary, the adjustments help to remove some of the doubts identified in the decisions to initiate and extend the formal investigation procedure.
Nasprotno: te prilagoditve prispevajo k razjasnitvi nekaterih dvomov, prepoznanih v sklepih za začetek in podaljšanje uradnega preiskovalnega postopka.
Lastly, any further extension of the procedure, which is not legally necessary, would be inappropriate in view of the delays which it would inevitably entail in adopting a final decision, which is of prime importance with a view to implementing the restructuring plan.
Končno bi bilo novo podaljšanje postopka, ki ni pravno potrebno, neprimerno predvsem zaradi zamud, ki bi jih povzročilo pri sprejetju končnega sklepa, kar je primarni pomen za izvajanje načrta prestrukturiranja.
Following publication of the decisions to initiate and extend the procedure, on 17 September and 15 October 2003 respectively, the Commission received a large number of comments, within the deadlines set, from interested parties, customers, suppliers, subcontractors, competitors and employees' representatives of Alstom (20 sets of comments for the electricity sector, 19 for the rail transport sector and 5 from employees' organisations covering the two sectors).
Po objavi sklepov za začetek in podaljšanje postopka, zlasti z dne 17. septembra in 15. oktobra 2003, je Komisija prejela veliko število pripomb zainteresiranih strani, strank, dobaviteljev, pogodbenikov, konkurentov in predstavnikov zaposlenih v skupini Alstom (20 sporočil iz električnega sektorja, 19 iz sektorja železniškega prevoza in 5 iz organizacij zaposlenih, ki zajemajo ta dva sektorja)
Most of the customers, suppliers, subcontractors and employees' representatives expressed serious concern as to Alstom's survival.
Večina strank, dobaviteljev, pogodbenikov in predstavnikov zaposlenih je izrazila resno zaskrbljenost v zvezi s preživetjem skupine Alstom.
Some of the comments suggest that if Alstom were not to survive, its disappearance would be a genuine loss to the fabric of the European economy.
Nekatere pripombe navajajo, da bi morebitno prenehanje poslovanja skupine Alstom bila resna izguba za evropski gospodarski sistem.
They point in particular to the technological achievements of the company and its involvement in research and development.
Opozorili so zlasti na tehnološke dosežke podjetja in njegovo vpletenost v raziskave in razvoj.
Many of the comments also suggest that Alstom's disappearance would have a harmful impact on the relevant markets, which are already highly concentrated.
Veliko pripomb navaja, da bi prenehanje poslovanja skupine Alstom imelo pogubne posledice za zadevne trge, ki so že visoko koncentrirani.
Alstom's disappearance would increase such concentration and narrow the supply side of the market.
Ukinitev skupine Alstom bi še povečala to koncentracijo in bi vodila k zmanjšanju ponudbe.
Many customers expressed their concern at a possible disruption in their supplies.
Številne stranke so izrazile zaskrbljenost v zvezi z morebitnimi motnjami pri dobavi.
They also feared that high-tech equipment maintenance and after-sales service could no longer be properly ensured.
Prav tako so izrazile zaskrbljenost v zvezi z zagotavljanjem ustreznih poprodajnih storitev in vzdrževanja opreme.
Lastly, employees' and some subcontractors' representatives pointed to the harmful social impact which the failure of the company would inevitably have on direct and indirect employment.
Na koncu so zaposleni in nekateri predstavniki pogodbenikov opozorili na škodljive socialne posledice, ki bi jih propad podjetja imel na posredno in neposredno zaposlenost.
The Marine sector elicited comments from the mayors of Nantes and Saint-Nazaire, who expressed their serious concern at the social consequences of the proceedings.
Sektor „Marine“ je izvabil komentar županov krajev Nantes in Saint-Nazaire, ki so izrazili zaskrbljenost v zvezi s socialnimi posledicami tega postopka.
The comments of Alstom’s main competitors are set out in greater detail in recitals 70 to 75.
Pripombe glavnih konkurentov skupine Alstom so podrobno predstavljene v uvodnih izjavah od 69 do 75.
According to Siemens, the difficulties which Alstom had had to face are due primarily to the serious technical problems with the GT24/GT26 heavy-duty gas turbines.
Siemens meni, da so težave skupine Alstom v prvi vrsti povezane z resnimi tehničnimi težavami visoko zmogljivih plinskih turbin GT24/GT26.
These difficulties are also linked to the ‘modest cash flow’ generated by Alstom’s activities as a whole due to the following factors:
Te težave so povezane tudi s „skromnim denarnim tokom“, ki so ga zaradi naslednjih elementov povzročile dejavnosti skupine Alstom:
insufficient integration of the many acquisitions carried out;
nezadostna integracija številnih realiziranih pridobitev;
over-intensive price competition intended to improve capacity utilisation and available cash through deposits received;
preveč intenzivna cenovna konkurenca, katere namen je izboljšanje uporabe zmogljivosti in razpoložljivega denarja, prejetega prek depozitov;
inadequate project and risk management capacity.
neprimerna zmogljivost za upravljanje projektov in tveganj.
Siemens therefore considers that the restructuring plan will not enable Alstom to restore its long-term viability.
Siemens ocenjuje, da načrt prestrukturiranja skupini Alstom ne bo omogočil dolgoročne sposobnosti preživetja.
It believes that Alstom will be unable to cope with the technical shortcomings of the GT24/GT26 turbines and that Alstom's margins are too small on railway equipment orders; it also notes the unfavourable outlook on the shipbuilding market.
Meni, da se skupina ni sposobna spopasti s tehničnimi pomanjkljivostmi turbin GT24/GT26, in ocenjuje, da so marže skupine Alstom pri naročilih železniške opreme preveč ozke. Prav tako med drugim opaža neugodne perspektive na trgu ladjedelništva.
It also fears, particularly as regards the Power markets, which in its view are marked by low demand and overcapacity, that the restructuring plan will be insufficient to enable Alstom to continue in business.
Prav tako se boji, zlasti v zvezi s trgom Power, ki je po njegovem mnenju trg z nizkim povpraševanjem in preveliko zasičenostjo, da načrt prestrukturiranja skupini Alstom ne bo omogočil nadaljevanja poslovanja.
In conclusion, Siemens states that the markets on which Alstom is active are sufficiently competitive (partly due to regular calls for tender) and that the disappearance of Alstom would not change this situation.
Za zaključek Siemens navaja, da so trgi, na katerih je Alstom aktiven, že dovolj konkurenčni (delno tudi zaradi rednih javnih razpisov) in da ukinitev Alstoma tega položaja ne bo spremenila.
It also argues that, if the restructuring plan is approved by the Commission, such approval should be subject to Alstom’s abandoning any business that is structurally in deficit and on the disposal of further assets and subsidiaries.
Poleg tega je treba opozoriti, da bi morala biti morebitna potrditev načrta prestrukturiranja s strani Komisije pogojena s tem, da Alstom opusti posle, ki prinašajo izgubo in s prodajo nadaljnjih sredstev in podružnic.
The competitor argues that the practice of contract bonding is typical of the long-term contracts concluded in the industries in which Alstom operates.
Ugovarja, da je so garancije značilnost dolgoročnih pogodb, ki so sklenjeni v industriji, v kateri je aktiven tudi Alstom.
However, the guarantee granted by the state allows Alstom access to a particularly large amount of contract bonds, giving it a disproportionate advantage.
Vendar garancija, ki jo dodeli država Alstomu, omogoča posebej veliko število garancij, kar povzroči nesorazmerno prednost.
Consequently, this competitor's concern is twofold: on the one hand, Alstom, which thus has the backing of much larger guarantees than its competitors, could, given the overall decline in the supply of contract bonds since 2002, tender for a larger number of contracts; on the other, Alstom would enjoy lower costs in obtaining guarantees, which is a key aspect given the low profit margins in the sector.
Posledično je zaskrbljenost zainteresiranih dvojna: na eni strani se lahko Alstom, ki je izkoristil več garancij kot njegovi konkurenti, ob upoštevanju splošnega padca ponudbe garancij od leta 2002, prijavi kot kandidat za večje število pogodb; na drugi strani bi Alstom lahko uporabil nižje stroške za pridobitev garancij, kar je ključni vidik ob upoštevanju nizkih profitnih marž v tem sektorju.
This competitor, like Siemens, considers that there is over-capacity in the rail transport market.
Ta konkurent enako kot Siemens ocenjuje, da je trg železniškega transporta že prenasičen.
It suggests measures to allow third parties access to intellectual property rights for the high-speed train (TGV) and/or signalling.
Zato predlaga ukrepe, ki bi omogočili dostop zainteresiranih strani do pravic intelektualne lastnine za vlake visoke hitrosti (TGV) in/ali signalizacije.
General Electrics (GE) provided information on the markets on which it is in competition with Alstom, without commenting directly on the restructuring plan.
General Electrics (GE) je predložil podatke o trgih, na katerih je Alstom njegov konkurent, brez neposrednega komentarja v zvezi z načrtom prestrukturiranja.
Lastly, another competitor is critical of the terms and conditions under which the T&D unit was sold to Areva.
Na koncu je drugi konkurent ugovarjal pogojem za prodajo enote „T&D“ podjetju Areva.
It is particularly concerned at the arrival of the Areva group on this new market.
Zlasti je zaskrbljen zaradi prihoda podjetja Areva na ta novi trg.
This competitor considers that the sale was not in line with commercial practices.
Ta konkurent ocenjuje, da zadevna prodaja ni v skladu s poslovno prakso.
In its view, Alstom was able to reduce the sale price to Areva because of the aid granted by France.
Po njegovem mnenju je Alstom lahko znižal prodajno ceno Arevi zaradi pomoči, ki jo je dodelila Francija.
V. COMMENTS FROM FRANCE
V. PRIPOMBE FRANCIJE
In its reply to the initiation and extension of the formal investigation procedure, France provided information on the nine measures in respect of which the Commission had expressed doubts as to their compatibility with the common market in its decision to initiate the procedure.
V odgovoru na pobudo in podaljšanje uradnega preiskovalnega postopka je Francija predložila podatke o novih ukrepih, v zvezi s katerimi je Komisija v sklepu o začetku postopka izrazila dvome zaradi usklajenosti s skupnim trgom.
The information is summarised below.
Ti podatki so na kratko opisani v nadaljevanju.
As regards measures 1, 2, 3 and 4, France argues that state assistance was necessary in order to prevent Alstom from going bankrupt and to ensure its long-term viability.
Kar zadeva ukrepe 1, 2, 3 in 4, je Francija ugotovila, da je posredovanje države nujno zato, da se izogne stečaju Alstoma in da se zagotovi njegova dolgoročna sposobnost preživetja.
To back up this assertion, France provided additional information on Alstom’s situation prior to the assistance, on its restructuring plan and on the measures taken by the company, by its creditors and shareholders and by France.
V podporo tej izjavi je Francija predložila dodatne podatke o položaju Alstoma pred tem posredovanjem, o načrtu prestrukturiranja in o ukrepih, ki so jih izvedli podjetje, upniki, delničarji in Francija.
This information is set out in part II of this Decision, notably the aspects relating to restructuring.
Ti podatki so zajeti v delu II tega sklepa, zlasti podatki v zvezi z elementi, povezanimi s prestrukturiranjem.
In its replies to the initiation and extension of the formal investigation procedure, France also included calculation of the aid given to the company and an assessment of its nature.
V odgovore na začetek uradnega preiskovalnega postopka in njegovo podaljšanje je Francija vključila tudi izračune pomoči, ki jo je prejelo podjetje, in oceno narave te pomoči.
It should be noted that the calculations do not relate to the measures as amended in May 2004, but to those implemented or planned in August and September 2003.
Opozoriti je treba, da ti izračuni ne veljajo za ukrepe, ki so bili spremenjeni maja 2004 ampak za tiste, ki so izvedeni ali predvideni avgusta ali septembra 2003.
France estimates that the TSDDRA in measure 1 constitute restructuring aid as regards their nominal amount of EUR 300 million. As far as the EUR 1,2 billion in liquidity provided by the state (measure 2) are concerned, France considers that EUR 300 million were granted initially as rescue aid.
Francija ocenjuje, da TSDDRA iz ukrepa 1 predstavlja pomoč pri prestrukturiranju v znesku 300 milijonov EUR. Kar zadeva 1,2 milijardi EUR v likvidnosti, ki jih prispeva država (ukrep 2), Francija ocenjuje, da je 300 milijonov EUR dodeljenih kot pomoč za reševanje.
Since the repayment term is now longer, this amount must also be considered to form part of the restructuring aid.
Ker je sedaj rok za poplačilo daljši, je ta znesek prav tako obravnavan kot del pomoči za prestrukturiranje.
On the other hand, the EUR 900 million by which measure 2 was increased under the agreement of September 2003 must be regarded in full as being rescue aid.
Na drugi strani je treba 900 milijonov EUR, s katerimi je bil povečan ukrep 2, v skladu s sporazumom iz septembra 2003 v celoti obravnavati kot pomoč za reševanje.
These EUR 900 million were repaid to France between December 2003 and January 2004.
Teh 900 milijonov EUR je bilo Franciji povrnjenih med decembrom 2003 in januarjem 2004.
This was aid in the form of liquidity, intended to prevent Alstom from immediately going out of business, and was repaid within six months of having been granted, required under the guidelines.
Šlo je za pomoč v obliki likvidnosti, katere namen je bil preprečiti prenehanje poslovanja Alstoma in je bilo poplačano v šestih mesecih po odobritvi, kot je določeno v smernicah.
France provided calculations for the former counter-guarantee covering the bonding facility of EUR 3,5 billion, taking the view that the aid should be calculated by multiplying the maximum amount of state exposure by the ‘real’ risk of the counter-guarantee being mobilised, and subtracted from this the costs paid by Alstom.
Francija je predložila izračune za stare indirektne garancije iz garancijske sheme za 3,5 milijarde EUR, ob upoštevanju, da mora biti pomoč izračunana tako, da se najvišji znesek obveznosti Francije pomnoži z „realnim“ tveganjem sprostitve indirektnih garancij ter odšteje od stroškov, ki jih je plačal Alstom.
The real risk of the counter guarantee being mobilised derived from two factors: the risk that Alstom might not be able to honour its contracts (execution risk), and the risk that it might not be able to repay the guarantee (repayment risk).
Realno tveganje sprostitve indirektne garancije se kaže v dveh dejavnikih: tveganju, da Alstom ne bo mogel izpolnjevati svojih obveznosti (izvedbeno tveganje), in tveganju, da ne bo mogel povrniti te garancije (tveganje poplačila).
France arrived at an amount of between EUR 0 and EUR 43 million. Furthermore, France asserts that the aid represented by the counter-guarantee should be regarded as rescue aid throughout the bond issue period.
Francija je dosegla znesek med 0 in 43 milijoni EUR. Poleg tega Francija trdi, da mora biti pomoč, ki ustreza indirektni garanciji, obravnavana kot pomoč za reševanje za celotno obdobje izdaje garancij.
Conversely, the maintenance of the counter-guarantee throughout the period during which the contracts to which the bonds relate were being executed should be deemed to be restructuring aid.
Po drugi strani bo vzdrževanje te indirektne garancije med celotnim trajanjem izvajanja pogodbe, na katero se nanašajo garancije, obravnavano kot pomoč za prestrukturiranje.
It should be noted that France did not provide any evaluation of the new syndicated bonding facility of EUR 8 billion which replaced that of the summer of 2003.
Opozoriti je treba, da Francija ni predložila svoje ocene sindicirane sheme v višini 8 milijard EUR, ki nadomesti tisto iz leta 2003.
As regards the EUR 300 million in aid under the PSDD (measure 4), France puts the amount of state aid included in the guarantee to the CFDI at EUR 140 million, which is equivalent to 50 % of the amount of the loan granted by the CFDI, minus EUR 10 million in associated costs and expenses.
Kar zadeva znesek pomoči za PSDD v višini 300 milijonov EUR (ukrep 4), je Francija določila 140 milijonov EUR državne pomoči, zajete v garancijo CFDI, kar je enako 50 % zneska, ki ga garantira CFDI, minus 10 milijonov EUR za povezane stroške in izdatke.
France reaffirmed that the restructuring plan will enable Alstom to become viable again in the long term.
Francija ponovno potrjuje, da bo ta načrt prestrukturiranja Alstomu omogočil sposobnost dolgoročnega preživetja.
France also states that the divestitures carried out by Alstom and the industrial and operational restructuring measures described in part II.3 are sufficient to offset any undue distortion of competition.
Francija prav tako potrjuje, da odprodaja Alstoma in ukrepi industrijskega in poslovnega prestrukturiranja, opisanega v delu II C, predstavljajo zadostne nadomestne ukrepe, da se izogne kakršnemu koli izkrivljanju konkurence.
Furthermore, France maintains that the aid measures to assist Alstom represent the minimum necessary to ensure both its short-term survival (provision of liquidity and counter-guarantee) and its long-term viability (long-term financial and industrial restructuring).
Poleg tega Francija vztraja, da ukrepi pomoči za Alstom ustrezajo potrebnemu minimumu za zagotavljanje kratkoročnega preživetja (prispevek v obliki likvidnosti in indirektne garancije) ter sposobnost dolgoročnega preživetja (dolgoročno finančno in industrijsko prestrukturiranje).
As far as the economic and social consequences of any insolvency of Alstom are concerned, France maintains that they would be measured in terms of the number of job losses that would result.
Glede na gospodarske in socialne posledice stečaja Alstoma Francija vztraja, da se te izmerijo v številu služb, ki bodo ukinjene.
While acknowledging that some of Alstom’s activities would be taken over by other operators, France states that […] [13] would simply come to a halt, which, on top of the necessary restructuring operations in the sectors likely to remain in business (20 % according to the estimates), would mean the loss of 53600 jobs.
Hkrati ob potrditvi, da bodo nekatere posle Alstoma učinkovito prevzeli drugi izvajalci, Francija zatrjuje, da bo […] [13] preprosto prenehal s poslovanjem, kar poleg potrebnih postopkov prestrukturiranja v sektorjih, za katere je verjetno, da bodo ostali v poslu (20 % glede na ocene), pomeni izgubo 53600 služb.