natgillin/translations-raw huggingface dataset:
In point of fact, the terminal value of the investment assuming continuity of operation is generally measured by the earning power of the company and consequently calculated by discounting, at the appropriate rate, the last forecast cash flow of the company in perpetuity.
V resnici je končna vrednost investicije s predpostavko kontinuitete obratovanja na splošno merjena s kapaciteto donosa (earning-power) podjetja in torej izračunana z diskontiranjem, z ustrezno stopnjo, ko je zadnji predvideni denarni tok podjetja ustaljen.
As far as Sogepa’s taking into account of Carsid’s indirect profits for the companies which will use the slab produced there is concerned, the Commission considers that Sogepa’s position as a minority shareholder in those companies does not justify the commitment of new capital.
V zvezi s tem, da je družba Sogepa upoštevala posredne dobičke družbe Carsid za podjetja, ki bodo uporabljala tu proizvedene brame, Komisija meni, da položaj družbe Sogepa v vlogi manjšinskega delničarja v teh podjetjih ne utemeljuje najema novega kapitala.
In the first place, the Carsid production which Arcelor would use represents only a very small percentage of the overall output of the Arcelor group.
Prvič, proizvodnja družbe Carsid, ki bi jo združenje Arcelor uporabljalo, predstavlja zelo majhen odstotek v skupni proizvodnji združenja Arcelor.
Consequently, the setting up of Carsid could have only a negligible impact on Arcelor’s competitiveness and hence on Sogepa’s profits.
Zaradi tega dejstva bi ustanovitev družbe Carsid imela le zanemarljiv vpliv na konkurenčnost združenja Arcelor in s tem na dobiček družbe Sogepa.
Secondly, as far as Duferco Clabecq and Duferco La Louvière are concerned, the figures put forward for the improvement in the gross margin of those companies (see recital 48) are far from certain.
Drugič, kar zadeva družbi Duferco Clabecq in Duferco La Louvière, napovedani poslovni rezultati s ciljem izboljšanja bruto dobička teh podjetij (glej uvodno izjavo (48)) še zdaleč niso doseženi.
The figures are based on the assumption of maximum capacity utilisation both by Duferco Clabecq and Duferco La Louvière and by Carsid.
Pravzaprav se ti prihodki opirajo na predpostavke maksimalne uporabe kapacitet tako družb Duferco Clabecq in Duferco La Louvière ter družbe Carsid.
However, on markets with structural over-capacity at world level such as the markets in flat products, maximum capacity utilisation occurs only exceptionally.
Sicer pa se na trgih, za katere je značilna strukturalna presežna kapaciteta na svetovni ravni, kot so na primer trgi ploščatih jekel, kapacitete uporabljajo v maksimalni meri le izjemoma.
In addition, Sogepa holds only a minority stake in Duferco Clabecq and Duferco La Louvière, both of which had, when Carsid was set up, combined losses amounting to EUR 94 million and which, given the State of the steel market (see recital 28), could not hope, at least in the short term, for any significant improvement in their situation.
Poleg tega ima družba Sogepa le manjšinsko udeležbo v družbah Duferco Clabecq in Duferco La Louvière, v podjetjih, ki sta v času ustanaljanja družbe Carsid imeli kumulirane izgube v višini 94 milijonov eurov in ki glede na stanje na jeklarskem trgu (glej uvodno izjavo (28)) kratkoročno nista mogli pričakovati znatnega izboljšanja svojega položaja.
The Commission notes moreover that Duferco Clabecq was described as a company in difficulty or undergoing restructuring for the purposes of Belgian legislation regarding early retirement [18].
Komisija sicer ugotavlja, da je bila družba Duferco Clabecq kvalificirana kot podjetje v težavah ali v prestrukturiranju v smislu belgijske zakonodaje o predčasnem upokojevanju [18].
In these circumstances, the Commission considers that a minority investor which had lost a large part of the value of its initial investment without having obtained any advantages similar to the other partners, against a background of a crisis situation on the market, would not be prepared to commit new funds.
V teh okoliščinah Komisija meni, da manjšinski investitor, ki je izgubil velik del vrednosti svoje začetne vloge, ne da bi dobil podobne ugodnosti, kot jih imajo ostali partnerji, in to v položaju tržne krize, ne bo pripravljen na nova vlaganja.
In view of the above, the Commission considers that a minority investor operating under normal market conditions would not be prepared to contribute funds to an operation which can be expected to produce a proper return and where the other partners would be the main beneficiaries.
Glede na zgoraj navedeno Komisija meni, da manjšinski investitor, ki deluje v običajnih tržnih pogojih, ne bo pripravljen vložiti sredstev za operacijo, za katero ni možno diskontirati ustrezne donosnosti in pri kateri bi bili ostali partnerji glavni prejemniki.
The involvement of the Walloon Region in Carsid under the conditions described in this Decision would confer an advantage on Carsid.
Udeležba valonske regije v družbi Carsid pod pogoji, navedenimi v tem odloku, bi družbi Carsid podelila prednost.
In view of the fact that the steel industry is subject to keen competition and that intra-Community trade in steel products is very substantial, the aid would be liable to distort competition and to affect intra-Community trade.
Glede na to, da je za jeklarski sektor značilna živahna konkurenca in da so menjave jeklarskih proizvodov znotraj skupnosti precejšne, bi bila ta pomoč lahko škodljiva za konkurenco ter bi vplivala na menjavo v Skupnosti.
It would thus constitute State aid within the meaning of Article 87 of the Treaty.
Gre torej za državno pomoč v smislu člena 87 Pogodbe ES.
COMPATIBILITY WITH THE COMMON MARKET
SKLADNOST S SKUPNIM TRGOM
The aid is not compatible with the common market under the derogations provided for in Article 87(2) of the Treaty since it is not aid having a social character granted to individual consumers and is not intended to make good the damage caused by natural disasters or exceptional occurrences.
Ta pomoč ni v skladu s skupnim trgom ustrezno z odstopanji, predvidenimi v členu 87(2) Pogodbe ES, ker ne predstavlja pomoči družbenega značaja, dodeljene posameznim porabnikom, ter ni namenjena za sanacijo škode, ki so jo povzročile naravne katastrofe ali drugi izredni dogodki.
Similarly, it cannot be considered compatible with the common market under the provisions of Article 87(3)(b) and (d).
Prav tako se ne šteje za skladno s skupnim trgom na osnovi določb iz točk (b) in (d) člena 87(3).
It is not intended to promote the execution of an important project of common European interest or to remedy a serious disturbance in the economy of a Member State, nor is it intended to promote culture and heritage conservation.
Pomoč pravzaprav ni namenjena spodbujanju izvedbe projekta skupnega evropskega interesa ali sanaciji težje gospodarske motnje države članice niti spodbujanju kulture in ohranjanja dediščine.
Consequently, the Commission must examine the compatibility of the aid in the light of the derogation provided for in Article 87(3)(a) and (c).
Zato mora Komisija preučiti skladnost pomoči v smislu odstopanja, predvidenega v točkah (a) in (c) člena 87(3).
Carsid, Arcelor, Duferco Clabecq and Duferco La Louvière form part of the steel industry as defined in Annex B to the multisectoral framework on regional aid for large investment projects [19].
Carsid, Arcelor, Duferco Clabecq in Duferco La Louvière tvorijo del jeklarskega sektorja, kot je opredeljen v prilogi B multisektorskega okvira pomoči za regionalne namene v korist velikih investicijskih projektov [19].
Under point 27 of the framework, regional aid for the steel industry is not compatible with the common market.
Glede na točko 27 tega okvira regionalne pomoči jeklarski industriji niso v skladu s skupnim trgom.
Insofar as the Belgian authorities were to argue that the aid is restructuring aid, point 1 of the Commission communication on rescue and restructuring aid and closure aid for the steel sector [20] makes it clear that rescue and restructuring aid for firms in difficulty in the steel industry is incompatible with the common market.
V kolikor bi belgijski organi vztrajali, da gre za pomoč pri prestrukturiranju, iz točke 1 sporočila Komisije, ki zadeva pomoč pri reševanju in prestrukturiranju, ter pomoč pri zapiranju v jeklarski industriji [20], izhaja, da pomoč za reševanje in prestrukturiranje podjetij v težavah v jeklarskem sektorju ni v skladu s skupnim trgom.
The Commission notes that the expiry of the ECSC Treaty does not affect the assessment of the compatibility of the notified measure with the common market since the changes in substantive law that have taken place as a consequence of the expiry of the ECSC Treaty (see in particular point 19 of the notice referred to in recital 56) have not affected the ban on regional investment aid.
Komisija poudarja, da prenehanje veljavnosti Pogodbe ESPJ ne vpliva na oceno skladnosti objavljenega ukrepa s skupnim trgom, v kolikor spremembe materialnega prava, ki je vstopilo posledično s prenehanjem veljavnosti Pogodbe (glej zlasti točko 19 Sporočila, navedenega v uvodni izjavi (56)), niso vplivale na prepoved regionalnih pomoči za investiranje.
In conclusion, the Commission takes the view that Sogepa’s stake in the capital of Carsid constitutes State aid that is incompatible with the common market,
V sklepu Komisija meni, da finančna udeležba družbe Sogepa v kapitalu družbe Carsid predstavlja državno pomoč, ki ni v skladu s skupnim trgom –
The financial holding of the Société wallonne de gestion et de participations (Sogepa) amounting to EUR 9 million in the company Carsid SA, as proposed by Belgium, constitutes State aid that is incompatible with the common market.
Finančna udeležba valonske družbe za upravljanje in finančno udeležbo (Sogepa) v znesku devet milijonov eurov v podjetju Carsid SA, ki jo je predvidela Belgija, predstavlja državno pomoč, ki ni v skladu s skupnim trgom.
The measure may accordingly not be implemented.
Iz tega razloga se ta ukrep ne more izvesti.
Belgium shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with it.
Belgija Komisijo v roku dveh mesecev od datuma objave te odločbe obvesti o ukrepih, ki jih je sprejela za uskladitev z odločbo.
Done at Brussels, 15 October 2003.
V Bruslju, 15. oktobra 2003
OJ C 95, 19.4.2002, p. 2.
UL C 95, 19.4.2002, str. 2.
Business secret.
Zaupne informacije.
At the beginning of 1996, the company found itself in a very difficult economic and financial situation which led the Walloon authorities, through the intermediary of the SWS, to take it over completely and to embark on a series of measures to save the company, including a BFR 1,5 billion capital increase.
V začetku leta 1996 je podjetje zašlo v zelo težko gospodarsko in finančno situacijo, ki je valonske organe s posredovanjem družbe SWS napeljala, da so prevzeli 100 % nadzor in se odločili, da sprejmejo vrsto ukrepov za rešitev podjetja, med njimi tudi ukrep povečanja kapitala za 1,5 milijarde belgijskih frankov.
On 18 December 1996, the Commission adopted a negative final Decision against these measures and ordered the recovery of the aid already paid (Commission Decision 97/271/ECSC of 18 December 1996 — ECSC Steel — Forges de Clabecq (OJ L 106, 24.4.1997, p. 30)).
decembra 1996 je Komisija sprejela končno negativno odločbo proti takšnim intervencijam in odredila izterjavo že plačanih pomoči (Odločba Komisije 97/271/ESPJ z dne 18. decembra 1996 – Jeklo ESPJ – Topilnica Clabecq, UL L 106, 24.4.1997, str. 30).
Following this Decision, the competent Belgian court declared the company insolvent on 3 January 1997.
Po tej odločbi je pristojno belgijsko sodišče 3. januarja 1997 razglasilo stečaj podjetja.
The Hoogovens Staal group acquired control of the company, which was in difficulty, in April 1997.
Združenje Hoogovens Staal je aprila 1997 pridobilo nadzor nad podjetjem, ki je bilo v težavah.
A recovery plan was drawn up, but its situation continued to deteriorate.
Narejen je bil načrt sanacije, vendar se je situacija podjetja še slabšala.
Letter sent by the Belgian authorities on 31 May 2001 in case NN 121/2000 Duferco Belgium.
Pismo belgijskih organov z dne 31. maja 2001 v okviru zadeve NN 121/2000 Duferco Belgium.
In the case of Carsid, raw materials have to be transhipped from deep-sea vessels to barges, then barged up the river and canal systems before being off-loaded to the works.
V primeru družbe Carsid morajo biti surovine preložene iz prekooceanskih ladij v plitve čolne, nato pa, preden so raztovorjene v tovarnah, prepeljane po rečnih mrežah in kanalih.
This means double handling and extra freight costs.
To narekuje dvojno rokovanje in dodatne transportne stroške.
Since the production of a tonne of slab requires some 550 kg of coal and 1550 kg of iron ore, an extra EUR 5-10 per tonne on material costs adds between EUR 10 and EUR 20 per tonne to slab costs, i.e. 6 % to 12 %. On top of this, labour cost is higher in Belgium than in most parts of the EU, and labour productivity, in part due to the size of operation, is poor.
Ker je za proizvodnjo ene tone bram potrebnih okoli 550 kilogramov premoga in 1550 kilogramov železove rude, dodaten izdatek od 5 do 10 eurov po toni opreme poveča strošek bram z 10 na 20 eurov po toni, ali s 6 % na 12 %.
This adds a further EUR 20 per tonne.
Poleg tega so stroški dela v Belgiji višji kot v večini regij Skupnosti, produktivnost pa slaba, delno zaradi obsega obratovanja, kar poveča stroške za 20 eurov po toni.
A single maintenance team for the two production lines, a single stock of replacement parts, economies in research and developments, simplification of the development of processes and logistical synergies.
Ena sama ekipa za vzdrževanje za dvoje postrojenj za vlečenje žice, eno samo skladišče rezervnih delov, varčevanje na področju raziskav in razvoja, poenostavitev urejanja „procesa“ in logističnih sinergij.
The Belgian authorities used Carsid's forecast cash flows and considered at the end of the […] a terminal value of EUR […] million which is the result of a residual plant value of […] of the initial accounting value, i.e. EUR […] million, to which they have added the value of three months' worth of stock.
Belgijski organi oblasti so uporabili predvideni cash-flows družbe Carsid in so na koncu […] smatrali končno vrednost […] milijonov eurov, ki je rezultanta preostanka vrednosti opreme […] za začetno računovodsko vrednost, se pravi […] milijonov eurov, ki so jim dodali vrednost trimesečnih zalog.
The company used part of Carsid's forecast cash flows and considered at the end of the […] a terminal value of EUR […] million which is arrived at by adding the capital subscribed, non-distributed profits, depreciations and provisions in excess of investment requirements and […] of the initial accounting value of the installations.
Podjetje je uporabilo del predvidenih cash-flow-ov družbe Carsid in je na koncu […] štelo za končno vrednost […] milijonov eurov, kar je rezultanta seštevka podpisanega kapitala, nerazdeljenih dobičkov, amortizacij in zalog, višjih od potreb investicije in […] začetne računovodske vrednosti opreme.
The Belgian authorities subtracted the cost of dismissals from the terminal value as determined in footnote 12.
Od končne vrednosti, kot je določena v opombi 12, so odšteti stroški odpuščanj.
OJ C 152, 26.6.2002, p. 5.
UL C 152, 26.6.2002, str. 5.
Joined Cases T-129/95, T-2/96 and T-97/96 [1999] ECR II-17, paragraph 100.
Sodba Sodišča prve stopnje Evropskih skupnosti z dne 21. januarja 1999 v skupnih zadevah T-129/95, T-2/96 in T-97/96, točka 100, Zbirka 1999, str. II-17.
According to the Belgian authorities, before the arrival of Duferco, the fees provided for in the agency contracts concluded both by Clabecq and by La Louvière were between […].
Kot navajajo belgijski organi, so se provizije, predvidene v zastopniških pogodbah, ki sta jih sklenila sklenjenih tako Clabecq kot La Louvière pred prihodom združenja, gibale med […].
As regards the management fees, the studies carried out at international level by consultants and reputable business banks show that management fees are between 2,5 % and 5 % of turnover for a period of five to ten years from the date on which the companies being restructured are taken over.
V zvezi s provizijo za upravljanje študije, ki so jih izdelale priznane mednarodne svetovalne družbe in poslovne banke, kažejo, da se je provizija za upravljanje gibala med 2,5 % in 5 % poslovnega rezultata v obdobju od 5 do 10 let od prevzema družb, ki se sanirajo.
In this Decision, the Commission is not taking up any position on that scheme.
V sedanji odločbi Komisija ne zavzema stališča o tem režimu.
OJ C 70, 19.3.2002, p. 8.
UL C 70, 19.3.2002, str. 8.
OJ C 70, 19.3.2002, p. 21.
UL C 70, 19.3.2002, str. 21.
As regards Carsid’s production costs, according to a study by CRU International Limited, the costs at Marcinelle were USD 176,6 in 2000, which would mean that they were only 3 % higher than the European average and that they were 4 % below the world average.
Kar zadeva proizvodne stroške družbe Carsid, so po študiji CRU International Limited stroški Marcinelle v letu 2000 znašali 176,6 USD, kar je pomenilo, da so bili višji za samo 3 % od evropskega povprečja, in nižji za 4 % od svetnega povprečja.
That study was based on output of 1650000 tonnes, whereas Carsid’s current output is 1800000 tonnes.
Ta študija se je opirala na proizvodnjo 1650 kt, medtem ko sedanja proizvodnja družbe Carsid dosega 1800 kt.
The Duferco group provided a capital injection of some EUR 25,9 million.
Združenje Duferco je prispevalo delež v višini okoli 25,9 milijonov eurov.
By Decision of 25 November 1997 the Commission took the view that this measure taken by the SWS did not constitute State aid.
Komisija je v odločbi z dne 25. novembra 1997 menila, da ta intervencija družbe SWS ne predstavlja državne pomoči.
The Duferco group provided a capital injection of some EUR 53,5 million.
Združenje Duferco je prispevalo delež v višini okoli 53,5 milijonov eurov.
By Decision of 1 July 1999, the Commission took the view that this assistance provided by the SWS did not constitute State aid.
Komisija je v odločbi z dne 1. julija 1999 menila, da ta intervencija družbe SWS ne predstavlja državne pomoči.
The Duferco group would contribute through an injection of some EUR 46,8 million.
Združenje Duferco je prispevalo delež v višini okoli 46,8 milijonov eurov.
By 30 September 2001, 25 % of the capital had been paid up (EUR 15,6 million) and Sogepa had provided the loan in full.
Do 30. septembra 2001, je bilo 25 % kapitala sproščenega (15,6 milijonov eurov) in Sogepa je poplačala posojilo v celoti.
It was originally intended that this stake should be worth EUR 20 million.
Na začetku je bilo predvideno, da bo ta udeležba znašala 20 milijonov eurov.
However, by letter dated 14 May 2002, Belgium informed the Commission that, notwithstanding its disagreement with the Commission’s analysis as set out in its decision to initiate proceedings, with a view to overcoming the Commission’s objections Sogepa’s holding would be reduced to EUR 9 million, the other EUR 11 million originally planned being contributed (also in cash) by Duferco Investment.
Vendar je Belgija s pismom z dne 14. maja 2002 obvestila Komisijo, da se bo zato, da se premostijo ugovori Komisije, in kljub temu, da se ne strinja z analizo, ki jo je pripravila Komisija v svojem odloku o začetku postopka, delež družbe Sogepa zmanjšal na 9 milijonov eurov, ostalih 11 milijonov eurov, predvidenih na začetku, pa mora prispevati (tudi v gotovini) Duferco Investment.
On 27 December 2001, while awaiting a favourable decision by the Commission, Cockerill Sambre made a contribution in kind, whose net value was set at EUR 35 million, and Duferco made a cash contribution amounting to EUR 25 million.
V pričakovanju ugodne odločitve Komisije je Cockerill Sambre dne 27. decembra 2001 prispeval vložek v naravi v neto vrednosti, določeni na 35 milijonov eurov, Duferco pa je prispeval vložek v gotovini v višini 25 milijonov eurov.
Carsid’s initial capital was consequently set at EUR 60 million.
Začetni kapital družbe Carsid je bil zato določen v višini 60 milijonov eurov.
This plant was valued by an independent company in October 2001, which put its value in use at EUR […] million.
O teh postrojenjih je oktobra 2001 izdelalo strokovno mnenje neodvisno podjetje, ki je uporabno vrednost ocenilo na […] milijonov eurov.
Cockerill also contributed stock valued at EUR […] million and liabilities consisting of provisions (EUR […] million), unpaid wages (EUR […] million) and debts to suppliers (EUR […] million).
Cockerill je poleg tega prispeval zaloge v vrednosti […] milijonov eurov ter pasivo, ki so jo sestavljali rezerve ([…] milijonov eurov), dolgovi iz naslova plač ([…] milijonov eurov), ter dolgovi dobaviteljem ([…] milijonov eurov).
The cost of transferring Duferco Clabecq’s continuous casting to Charleroi is estimated at EUR […] million.
Strošek prevoza postrojenja kontinuiranega vlivanja družbe Duferco Clabecq na lokacijo Charleroi je ocenjen na […] milijonov eurov.
Usinor Belgium will contribute to Carsid’s credit requirements with a loan of […] and a credit line of the same amount, bearing interest at an annual rate of […].
Usinor Belgium bo za potrebe posojila družbe Carsid prispeval posojilo v višini […] in kreditno linijo v istem znesku z letno obrestno mero […].
The Belgian authorities contest the Commission’s assertion that Sogepa is the only shareholder to contribute fresh cash since 27 December 2001, Duferco Investment having carried out an increase in Carsid’s capital amounting to EUR 25 million.
Po drugi strani belgijski organi ugovarjajo trditvi Komisije, da je družba Sogepa edini delničar, ki mora vložiti svež denar, ker je 27. decembra 2001 Duferco Investment povečal kapital družbe Carsid na 25 milijonov eurov.
Although the sale of Duferco Clabecq’s continuous casting was carried out as part of the contributions made by the two private partners of Carsid, that sale was justified by the fact that Carsid had to produce for the Duferco group slabs of a specific size which necessitated the purchase of a continuous casting plant that met the criteria of the plant situated at Clabecq.
V kolikor je res, da je bila prodaja postrojenja kontinuiranega vlivanja družbe Duferco Clabecq zaključena v podaljševanju izvedenih vložkov s strani obeh zasebnih partnerjev družbe Carsid, ta odstop opravičuje dejstvo, da je morala družba Carsid proizvajati za združenje Duferco brame specifičnih dimenzij, kar je torej narekovalo nakup postrojenja kontinuiranega vlivanja, ki je izpolnjevalo enake kriterije kot postrojenje na lokaciji Clabecq.
OJ L 85, 28.3.2002, p. 1. Regulation as last amended by Regulation (EC) No 1287/2002 (OJ L 187, 16.7.2002, p. 25).
UL L 85, 28.3.2002, str. 1.
Its turnover in 2001 amounted to EUR 14523 million worldwide.
Njegov promet se je leta 2001 s 14523 milijoni eurov povzpel na svetovno raven.
At the time of the notification, Usinor held 75 % of Cockerill Sambre.
Na dan obvestila je Usinor imel 75 % v Cockerill Sambre.
amending Decision 2003/828/EC as regards movements of animals from and inside a restricted zone in Portugal, in relation to an outbreak of bluetongue in that Member State
o spremembi Odločbe 2003/828/ES glede premikov živali z območja z omejitvami in znotraj njega na Portugalskem v zvezi z izbruhom bolezni modrikastega jezika v navedeni državi članici
(notified under document number C(2005) 335)
(notificirana pod dokumentarno številko K(2005) 335)
Having regard to Council Directive 2000/75/EC of 20 November 2000 laying down specific provisions for the control and eradication of bluetongue [1], and in particular Articles 8(2)(d), and 9(1)(c) and Article 12 thereof,
ob upoštevanju Direktive Sveta 2000/75/ES z dne 20. novembra 2000 o določitvi posebnih določb za boj zoper in izkoreninjenje bolezni modrikastega jezika [1] ter zlasti členov 8(2)(d) in 9(1)(c) ter člena 12 Direktive,