natgillin/translations-raw huggingface dataset:
Since no other existing aid scheme under Articles 87(1) and 88(1) of the EC Treaty is applicable, the capital injection ranks as new aid within the meaning of Article 88(3) of the EC Treaty.
Ob odsotnosti drugega uporabnega obstoječega programa pomoči v skladu s členoma 87(1) in 88(1) Pogodbe ES se mora vloga kapitala označiti kot nova pomoč v smislu členov 87(1) in 88(3) Pogodbe.
Since the period specified in Article 15(1) of Council Regulation (EC) No 659/1999 has expired, the aid that might result from the transfer of WK's shares on 1 January 1986 can no longer be recovered and is to be regarded as existing aid under Article 15(3) of that Regulation.
Morebitne pomoči, ki je rezultat prenosa delnic WK dne 1. januarja 1986, se zaradi izteka roka, navedenega v členu 15(1) Uredbe Sveta (ES) št. 659/1999, ne more več zahtevati nazaj in se jo mora v skladu s členom 15(3) navedene uredbe obravnavati kot obstoječa pomoč.
The aid resulting from the transfer of WK's shares on 1 January 1993 cannot be regarded as being compatible with the common market either under Article 87(2) and (3) or under any other provision of the Treaty.
Pomoč kot rezultat prenosa delnic WK dne 1. januarja 1993 se niti na podlagi člena 87(2) ali (3) Pogodbe ES niti na podlagi katere koli druge določbe Pogodbe ne more obravnavati kot združljiva s skupnim trgom.
The aid is, therefore, declared incompatible with the common market and must be discontinued, and the aid element of the measure unlawfully put into effect must be recovered by the German Government,
V skladu s tem se spozna za nezdružljivo s skupnim trgom in se mora ukiniti, element pomoči nezakonitega ukrepa pa mora Nemčija zahtevati nazaj –
The state aid which Germany has implemented for Hamburgische Landesbank — Girozentrale, now HSH Nordbank AG, amounting to EUR 90,75 million in the period from 1 January 1993 to 1 June 2003 is incompatible with the common market.
Državna pomoč v višini 90,75 milijonov EUR, ki jo je Nemčija v času med 1. januarjem in 1. junijem 2003 odobrila v korist Hamburgische Landesbank – Girozentrale, zdaj HSH Nordbank AG, ni združljiva s skupnim trgom.
Germany shall inform the Commission, within two months of notification of this Decision, of the measures which were taken and which it intends to take in order to meet the commitments described in this Decision.
Nemčija v dveh mesecih po objavi te odločbe z izpolnitvijo vprašalnika, navedenega v Prilogi, Komisijo obvesti o ukrepih, sprejetih za izvajanje te odločbe.
Brussels, 20 October 2004.
V Bruslju, 20. oktobra 2004.
OJ C 81, 4.4.2003, p. 24.
UL C 81, 4.4.2003, str. 24.
Joined Cases T-228/99 and T-233/99 [2003] ECR II-435.
ZOdl. 2003, str. II-435.
LSH is an independent public-law institution. In 1998 it had a balance-sheet total of €100 billion and some 2000 employees.
LSH je javnopravna institucija s pravno sposobnostjo z bilančno vsoto okoli 100 milijard EUR in približno 2000 zaposlenimi leta 1998.
Since 1994 it has been owned by WestLB (39,9 %), the Land of Schleswig-Holstein (25,05 %), the Sparkassen- und Giroverband für Schleswig-Holstein (25,05 %) and Landesbank Baden-Württemberg (10 %).
Od leta 1994 je v lasti WestLB (39,9 %), dežele Schleswig-Holstein (25,05 %), Sparkassen- und Giroverband Schleswig-Holstein (25,05 %) in Landesbank Baden-Württemberg (10 %).
OJ L 386, 30.12.1989, p. 14; replaced by European Parliament and Council Directive 2000/12/EC (OJ L 126, 26.5.2000, p. 1).
UL L 386, 30.12.1989, str. 14, nadomeščena z Direktivo Evropskega parlamenta in Sveta 2000/12/ES (UL L 126, 26.5.2000, str. 1).
OJ L 124, 5.5.1989, p. 16; replaced by Directive 2000/12/EC.
UL L 124, 5.5.1989, str. 16, nadomeščena z Direktivo 2000/12/ES.
Under the Solvency Directive, credit institutions must have own funds equivalent to at least 8 % of their risk-adjusted assets, whereas the previous German legislation required a ratio of 5,6 %; however, this ratio was based on a narrower definition of own funds than that which has applied since the entry into force of the Own Funds Directive.
Kreditne institucije morajo po Direktivi o solventnosti razpolagati z lastnimi sredstvi v višini najmanj 8 % svoje tveganju prilagojene tehtane aktive, po stari nemški zakonodaji pa se je zahteval delež 5,6 %; ta delež je sicer temeljil na opredelitvi lastnih virih sredstev, ki je bila ožja od tiste, ki velja od začetka veljavnosti Direktive o lastnih virih sredstev.
Confidential information: indicated below by [...] or by a range in [].
Zaupen podatek: v nadaljevanju [...] ali z navedbo razpona v […].
The redrafted HLB Act, applicable since 1997, no longer provides for a maximum dividend; according to the data provided, distributed dividends have more than doubled since, amounting to some 21 % in 1999.
Spremenjen zakon o HLB, v veljavi od leta 1997, ne predvideva več najvišje dividende; po posredovanih podatkih se je od takrat izplačilo več kot podvojilo in je leta 1999 znašalo okoli 21 %.
OJ C 307, 13.11.1993, p. 3, point 11.
UL C 307, 13.11.1993, str. 3; točka 11.
OJ L 83, 27.3.1999, p. 1, as amended by the 2003 Acts of Accession.
UL L 83, 27.3.1999, str. 1, spremenjena z akti o pristopu iz leta 2003.
ECR II-1789.
Zodl. II-1789.
To adjust for inflationary effects, the rate of return on a long-term government bond had first to be determined for each contribution period disregarding inflationary expectations.
Za izravnavo posledic inflacije se mora za vsako obdobje prenosa določiti stopnja donosa na dolgoročne državne obveznice, sprva brez upoštevanja predvidene inflacije.
In estimating the long-term, risk-free basic interest rate, the estimation of the expected long-term average inflation rate of 3,60 % was then added to the ‘real basic interest rate’ at the relevant moment.
Za oceno dolgoročne netvegane temeljne obrestne mere se nato „dejanski temeljni obrestni meri“ v času obravnave doda ocena pričakovane povprečne dolgoročne inflacije v višini 3,60 %.
ECR II-1789 (‘Scott’).
Zodl. T-369/00 („Scott“); glej sprotno opombo 16.
Ibid, paragraph 57.
Ibidem, odstavek 57.
See footnote 3.
Glej sprotno opombo 3.
See footnote 3 and paragraph 206 et seq.
Glej sprotno opombo 3 in odstavek 206 isl.
WestLB, paragraph 246.
Sodba WestLB, odstavek 246.
See footnote 2 and paragraph 199.
Glej sprotno opombo 2 in odstavek 199.
Of course, in reality, the situation is much more complex because of off-balance-sheet items, different risk weightings of assets or zero-risk items, etc. However, the principal reasoning holds.
Seveda je dejansko položaj veliko bolj zapleten, na primer zaradi zunajbilančnih postavk, različnih tehtanj tveganja sredstev ali netveganih postavk. Vendar pa na temeljno razlago to ne vpliva.
The REX10 Performance Index of Deutsche Börse AG was used as a generally recognised source in determining the risk-free basic interest rate.
Pri določanju netvegane temeljne obrestne mere je bil uporabljen indeks donosnosti REX10 Deutsche Börse AG kot vsesplošno priznani vir.
According to documents provided by the German Government, the corporation tax rate was 46 % in 1992, to which has to be added the solidarity surcharge of 3,75 % (i.e. 49,75 % in total).
Glede na dokumente, ki jih je predložila nemška vlada, je davek od dohodkov pravnih oseb leta 1992 znašal 46 %, temu pa se je prištel še solidarnostni davek v višini 3,75 % (torej skupno 49,75 %).
The overall tax rate fell to 46 % in 1993 before rising to 49,5 % in the period 1994-2000.
Skupna davčna stopnja je leta 1993 padla na 46 %, med letoma 1994 in 2000 pa je znašala 49,5 %.
It has been 30 % since 2001.
Od leta 2001 je bila skupna davčna stopnja 30 %.
See footnote 2 and paragraph 221.
Glej sprotno opombo 2 in odstavek 221.
The determining factor here in each case is the return premium not on Federal loans but on swaps since the spread of swaps in the case of Federal loans (‘swap spread’) is determined basically by supply and demand on the swap market and not by considerations of creditworthiness.
Tu je v vseh primerih odločujoč pribitek na donos na swape in ne na obveznice zvezne vlade, saj je razpon poslov swap v primeru obveznic zvezne vlade („swapspread“) pogojen predvsem s ponudbo in povpraševanjem na trgu zamenjav in ne s kreditno sposobnostjo.
In view of several upheavals on financial markets (e.g. the emerging markets crisis in mid-1997) and the implications of the Commission's state aid investigation into WestLB, the risk premium that an investor would have demanded for a silent partnership contribution of limited duration to HLB at the end of 1992 ought actually to have been lower than the market conditions at the end of 1997 suggest.
Glede na številne prevrate na finančnih trgih, npr. krizo na novo nastajajočih trgov sredi leta 1997, in vključitev preiskave Komisije o državni pomoči v primeru WestLB, bi morala biti premija tveganja, ki bi jo zahteval vlagatelj za časovno omejeno vlogo tihe družbe pri HLB ob koncu leta 1992, dejansko manjša od premije, predvidene na podlagi tržnih pogojev ob koncu leta 1997.
Cf. Lehman Brothers, Analyse der Kapitalzuführung aus der Einbringung der Wohnungsbauförderungsanstalt des Landes Nordrhein-Westfalen of 8 July 1997, p. 4, and Annex II, p. 27.
Prim. Lehman Brothers, Analyse der Kapitalzuführung aus der Einbringung der Wohnungsbauförderungsanstalt des Landes Nordrhein-Westfalen z dne 8.7.1997, str. 4 in Priloga II, str. 27.
This basically lists the issues floated by the leading German private commercial banks (Deutsche Bank, Dresdner Bank, etc.), which at the time had a higher business risk than HLB.
Tam so sicer navedene predvsem emisije vodilnih nemških zasebnih poslovnih bank (Deutsche Bank, Dresdner Bank itd.), katerih poslovno tveganje je bilo takrat večje v primerjavi s Hamburgische Landesbank.
Cf. Lehman Brothers, Analyse der Kapitalzuführung aus der Einbringung der Wohnungsbauförderungsanstalt des Landes Nordrhein-Westfalen of 8 July 1997, p. 4.
Prim. Lehman Brothers, Analyse der Kapitalzuführung aus der Einbringung der Wohnungsbauförderungsanstalt des Landes Nordrhein-Westfalen z dne 8.7.1997, str. 4.
Of course, in reality the situation is much more complex because of off-balance-sheet items, different risk weightings of assets and zero-risk items, etc. However the principal reasoning holds.
Seveda je dejansko položaj veliko bolj zapleten, na primer zaradi zunajbilančnih postavk, različnih tehtanj tveganja sredstev ali netveganih postavk. Vendar pa na temeljno razlago to ne vpliva.
The annual data on the aid element given in the table must be adjusted accordingly in order to calculate the total amount of aid to be recovered.
Letne podatke o elementu pomoči, navedene v tabeli, je treba ustrezno preračunati za izračun celotnega zneska pomoči, ki ga je treba vrniti.
This report was presented to the Ecofin Council on 23 November 1998 but has not been published.
To poročilo je bilo predloženo Ekonomsko-finančnemu svetu dne 23. novembra 1998, a ni bilo objavljeno.
INFORMATION REGARDING THE IMPLEMENTATION OF THE COMMISSION DECISION
INFORMACIJE GLEDE IZVAJANJA ODLOČBE KOMISIJE
Since HLB is active at the regional, national and international level and since there is strong competition between financial institutions of different Member States as a result of the growing integration in the financial services sector in the Community, it was assumed that the existence of state aid was distorting this competition and affecting trade between Member States.
Ker je HLB dejavna na regionalni, državni in mednarodni ravni in ker obstaja močna konkurenca med finančnimi institucijami različnih držav članic kot rezultat vse večjega združevanja v sektorju finančnih storitev v Skupnosti, se je domnevalo, da obstoj državne pomoči izkrivlja to konkurenco in ovira trgovino med državami članicami.
Accordingly, the Commission came to the provisional conclusion that the measures in question probably constituted aid within the meaning of Article 87(1) of the EC Treaty, giving rise to misgivings regarding their compatibility with the common market since none of the exemption clauses in Article 87(2) and (3) or in Article 86(2) of the EC Treaty appear to be applicable in the present situation.
Komisija je zato prišla do začasnega zaključka, da zadevni ukrepi verjetno predstavljajo pomoč v smislu člena 87(1) Pogodbe ES, kar je povzročilo pomisleke glede njihove združljivosti s skupnim trgom, saj se nobena izmed posebnih določb, navedenih v členih 87(2) in (3) ter členu 86(2) Pogodbe ES, ne zdi uporabna v zadevni situaciji.
However, the letter in question had been a request for information that was concerned expressly and materially with a plot of land that the firm Scott S.A. had sold on preferential conditions.
Vendar je šlo v spornem pismu za zahtevek, ki se je izrecno in konkretno nanašal na zemljišče, prodano podjetju Scott S.A. pod ugodnimi pogoji.
In that letter the Commission had referred expressly to the fact that the lawfulness of the aid in question was being examined and that the aid might have to be repaid.
Komisija se je v tem pismu izrecno sklicevala na dejstvo, da se preverja zakonitost zadevne pomoči in da bo treba pomoč morda vrniti.
The limitation period for the transfer of shares on 1 January 1993 had been interrupted by the Commission as a result of the information request dated 1 September 1999 and the decision of 13 November 2002 to initiate the procedure.
Zastaralni rok za prenos delnic z dne 1. januarja 1993 je Komisija prekinila z zahtevkom za podatke z dne 1. septembra 1999 in Sklepom o sprožitvi postopka z dne 13. novembra 2002.
With regard to the transfer on 1 January 1986, the BdB, in rejecting the time limitation, relied on the legal concept of a continuous series of acts, which also had its equivalent in the case law relating to traditional competition legislation.
Kar zadeva prenos 1. januarja 1986, se BdB pri zavrnitvi zastaralnega roka opira na pravni koncept neprekinjenega niza ukrepov. Ta ustreza tudi sodni praksi v klasičnem pravu o konkurenci.
The conditions for such related acts were met here because all the transfers had been in response to a uniform concept of capital strengthening and business expansion and had followed the same pattern.
Pogoji za take povezane ukrepe so tu izpolnjeni, saj so bili vsi prenosi povezani z enotnim konceptom krepitve kapitala in širjenja dejavnosti ter so sledili enakemu vzorcu.
Accordingly, the transfer of 1 January 1993 could not be viewed separately either on account of the new solvency rules.
Tudi prenosa z dne 1. januarja 1993 zaradi novih predpisov o solventnosti ni mogoče obravnavati ločeno.
It thus differs from state regulations that provide for recurrent measures such as annual grants or tax reliefs.
V tem se razlikuje od državnih predpisov, ki predvidevajo ponavljajoče se ukrepe, kot so letne subvencije in davčne olajšave.
Moreover, it has no de facto or de jure relationship with the 1993 transfer.
Poleg tega ni pravno ali dejansko povezan s prenosom leta 1993.
The transfer of FHH on 1 January 1986 is to be taken as the time at which the unlawful aid, if any, was granted.
Prenos s strani FHH z dne 1. januarja 1986 se upošteva kot čas dodelitve nezakonite pomoči, če je do te prišlo.
As a result of the legally valid injection of resources under the conditions described above, the possible economic advantage at issue here accrued to HLB.
S pravnomočno vlogo sredstev pod zgoraj navedenimi pogoji je HLB pridobila zadevno morebitno gospodarsko prednost.
The resources were available to HLB with effect from 1 January 1986; they were recognised by BAKred for 1986.
Sredstva so bila banki na razpolago od 1. januarja 1986; BAKred jih je priznal za leto 1986.
The contribution of WK's shares to HLB on 1 January 1993 is not existing aid.
Vloga delnic WK pri HLB z dne 1. januarja 1993 ni obstoječa pomoč.
The transfer on 1 January 1993 cannot be regarded either as being covered by institutional liability and guarantor liability.
Prenos z dne 1. januarja 1993 se tudi ne more obravnavati kot Anstaltslast in Gewährträgerhaftung.
See footnote 2 and paragraph 161 et seq.
Glej sprotno opombo 2 in odstavek 161isl.
See footnote 3 and paragraphs 241 and 314.
Glej sprotno opombo 3 in odstavka 241 in 314.
WestLB, paragraph 245.
Sodba WestLB, odstavek 245.
On 1 January 1999 the German mark was replaced by the euro at a rate of EUR 1 = DEM 1,95583.
Od 1.1.1999 se nemške marke preračunavajo v eure po tečaju 1EUR = 1,95583 DEM.
on State Aid implemented by Germany for Landesbank Schleswig-Holstein — Girozentrale, now HSH Nordbank AG
o državni pomoči Nemčije za Landesbank Schleswig-Holstein Girozentrale, zdaj HSH Nordbank AG
(notified under document number C(2004) 3930)
(notificirano pod dokumentarno številko C(2004) 3930)
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 državam članicam in drugim zainteresiranim strankam, naj predložijo svoje pripombe v skladu z navedenimi členi in ob upoštevanju teh pripomb,
The subject of these proceedings is the transfer of Wohnungsbaukreditanstalt des Landes Schleswig-Holstein (‘WKA’), Wirtschaftsaufbaukasse Schleswig-Holstein AG (‘WAK’) and the special-purpose real-estate reserve by the Land of Schleswig-Holstein to Landesbank Schleswig-Holstein — Girozentrale (‘LSH’).
Predmet postopka je prenos Wohnungsbaukreditanstalt dežele Schleswig-Holstein („WKA“), Wirtschaftsaufbaukasse Schleswig-Holstein AG („WAK“) in nepremičnin kot rezerve za posebne namene s strani dežele Schleswig-Holstein na Landesbank Schleswig-Holstein Girozentrale („LSH“).
There are a further six cases in which proceedings have been initiated against Germany in connection with transfers of assets to Landesbanks, and in particular to Westdeutsche Landesbank Girozentrale (‘WestLB’).
Ta postopek je povezan z nadaljnjimi šestimi postopki proti Nemčiji v zvezi s prenosi sredstev na deželne banke, zlasti na Westdeutsche Landesbank Girozentrale („WestLB“).
By letter of 12 January 1993, the Commission asked Germany for information on a DEM 4 billion capital increase for WestLB resulting from the incorporation of the housing organisation Wohnungsbauförderanstalt (‘WfA’) and on similar increases in the own funds of the Landesbanks of other Länder.
Komisija je v pismu z dne 12. januarja 1993 Nemčijo zaprosila za informacije o povečanju kapitala pri WestLB v višini 4 milijard DEM kot posledici vključitve stanovanjske organizacije Wohnungsbauförderanstalt („WfA“) ter o podobnih povečanjih lastnih virov sredstev deželnih bank drugih zveznih dežel.
It asked which Landesbanks had benefited from a transfer of public enterprises and for information on the reasons for those transactions.
Zaprosila je za informacije o tem, v katerih deželnih bankah je prišlo do prenosa javnopravnih podjetij, ter o utemeljenih razlogih za te prenose.
At the same time, WKA's and WAK's tasks had been transferred to the recently set-up Investitionsbank Schleswig-Holstein (‘IB’).
Istočasno so bile naloge WKA in WAK prenesene na pred tem ustanovljeno Investitionsbank Schleswig-Holstein („IB“).
IB operated as a special division of LSH.
IB je delovala kot posebni oddelek LSH.
This increased the own funds at LSH's disposal and, in the BdB's view, distorted competition in its favour since the parties had not agreed remuneration consistent with the market-economy investor principle.
To je povečalo lastna sredstva LSH, kar je po mnenju BdB izkrivilo konkurenco v njen prid, saj se stranke niso dogovorile o nadomestilu, skladnim z načelom vlagatelja v tržnem gospodarstvu.
In its second letter, the BdB accordingly lodged a formal complaint and called on the Commission to initiate proceedings against Germany under Article 93(2) of the EC Treaty (now Article 88(2)).
V drugem navedenem pismu je BdB zato vložilo uradno pritožbo in od Komisije zahtevalo, da proti Nemčiji sproži postopek v skladu s členom 93(2) Pogodbe ES (zdaj člen 88(2) Pogodbe).
The complaint also related to similar transfers of assets to Landesbank Berlin, Westdeutsche Landesbank, Norddeutsche Landesbank, Hamburger Landesbank and Bayerische Landesbank.
Pritožba se nadalje sklicuje na podobne prenose sredstev v korist Landesbank Berlin, Westdeutsche Landesbank, Norddeutsche Landesbank, Hamburger Landesbank in Bayerische Landesbank.
In February and March 1995 and December 1996 several banks associated themselves individually with the complaint lodged by their association.
Februarja in marca 1995 ter decembra 1996 se je pritožbi združenja pridružilo več njegovih posameznih bank.
By letters of 6 August 1997 and 30 July 1998, the BdB informed the Commission of two further transfers of assets, to Landesbank Schleswig-Holstein in Schleswig-Holstein and Landesbank Hessen-Thüringen in Hessen.
BdB je v pismih z dne 6. avgusta 1997 in 30. julija 1998 Komisijo obvestilo o še dveh prenosih sredstev, v deželi Schleswig-Holstein na LSH in deželi Hessen na Landesbank Hessen-Thüringen.
According to the BdB, the Land of Schleswig-Holstein intended to transfer the real estate it owned to IB as a special-purpose reserve forming part of LSH's equity capital.
Po navedbah BdB je dežela Schleswig-Holstein nameravala prenesti svoje nepremičnine na IB in ta nepremičninska sredstva kot rezervo za posebne namene vknjižiti v lastni kapital LSH.
The BdB referred in this context to Section 20 of a bill amending the Schleswig-Holstein Investment Bank Act (version as at 26 June 1997), which stipulates that the real-estate assets, after deduction of liabilities, should be considered to constitute a special-purpose reserve forming part of LSH's equity capital.
BdB se je v tej zvezi sklicevalo na poglavje 20 zakonskega osnutka o spremembi Zakona o investicijski banki dežele Schleswig-Holstein (različica z dne 26. junija 1997), po katerem je treba nepremičninska sredstva po odbitju obveznosti kot rezervo za posebne namene vknjižiti v lastni kapital LSH.
The BdB also referred to the comments on Section 20 contained in the explanatory memorandum to this bill, which state that the special-purpose real-estate reserve constitutes part of the bank's liable equity capital according to the principles of the Banking Act (Kreditwesengesetz).
BdB se je sklicevalo na obrazložitveni memorandum k poglavju 20 zakonskega osnutka, po katerem so nepremičnine kot rezerva za posebne namene del rizičnega lastnega kapitala deželne banke po načelih Zakona o bančništvu.
The stated objective of ‘mobilising Land assets in order to create liquidity without loss of disposal or decision-making authority on the Land's part’ would not be achieved if LSH were actually to pay the market price for the real estate transferred to it.
V obrazložitvenem memorandumu naveden cilj „Aktiviranje deželnih sredstev za zagotovitev likvidnosti brez izgube pristojnosti dežele za odsvojitev in odločanje“ ne bo dosežen, če bo LSH za prenesene nepremičnine dejansko plačala tržno ceno.
The Commission first examined the transfer of assets to WestLB but announced that it would review the transfers to the other banks in the light of the findings in that case.
Komisija je najprej preiskala prenos sredstev na WestLB in napovedala preiskavo prenosov na druge banke glede na ugotovitve v primeru WestLB.
By Decision 2000/392/EC, it finally declared in 1999 that the aid measure (the difference between the remuneration paid and the normal market remuneration) was incompatible with the common market and ordered that the aid should be recovered.
Leta 1999 je z Odločbo 2000/392/ES na koncu ugotovila, da pomoč (razlika med izplačanim nadomestilom in običajnim tržnim nadomestilom) ni združljiva s skupnim trgom in jo je treba vrniti.
This decision was annulled by the Court of First Instance of the European Communities on 6 March 2003 as insufficient reasons had been given for two of the factors used to calculate the appropriate remuneration, but it was confirmed in all other respects.
Evropsko sodišče prve stopnje je to odločbo razveljavilo 6. marca 2003 zaradi nezadostnih razlogov za dva izmed dejavnikov, uporabljenih pri izračunu višine nadomestila, v vseh drugih pogledih pa jo je potrdilo.