natgillin/translations-raw huggingface dataset:
The Commission does not agree that the guarantees are compatible with the aid scheme under which they were allegedly provided.
Komisija zanika združljivost jamstev s programom pomoči, na podlagi katerega so bila jamstva domnevno zagotovljena.
As will be explained in more detail below, the Commission, unlike Germany, considers that Sachsen Zweirad GmbH was a company in difficulty at the time a guarantee was provided in March 2003 and that, in its turn, Biria GmbH was also a company in difficulty at the time a guarantee was provided in December 2003.
Kot je pojasnjeno v nadaljevanju, Komisija, v nasprotju z mnenjem Nemčije, meni, da je bilo podjetje Sachsen Zweirad GmbH v času dodelitve jamstva marca 2003 podjetje v težavah in da enako velja tudi za Birio GmbH v času dodelitve jamstva decembra 2003.
The provision of guarantees for the restructuring of a company in difficulty must, however, be notified to the Commission in each individual case.
Zagotovitev jamstev za prestrukturiranje podjetja v težavah pa je treba ločeno priglasiti Komisiji.
Guarantee for Sachsen Zweirad GmbH (Measure 2)
Jamstvo za Sachsen Zweirad GmbH (ukrep 2)
Germany argues that Sachsen Zweirad GmbH did not show any of the typical signs of a company in difficulty within the meaning of the Community Guidelines [6].
Po mnenju Nemčije Sachsen Zweirad GmbH ne kaže znakov, značilnih za podjetje v težavah v smislu Smernic Skupnosti [6].
The Commission points out that the typical signs of a firm being in difficulty, which are mentioned in point 6 of the Community Guidelines, give merely an indication of when a company can be considered to be in difficulty and do not have to be met cumulatively.
Komisija opozarja, da značilni znaki podjetja v težavah, navedeni v točki 6 Smernic Skupnosti, nudijo zgolj oporne točke za opredelitev, kdaj je podjetje mogoče obravnavati kot podjetje v težavah, ni pa jih mogoče razumeti kot pogoje, ki morajo biti kumulativno izpolnjeni.
Sachsen Zweirad GmbH recorded operating losses of EUR 1.274m in 2001 and EUR 0.733m in 2002. The losses were taken over by the parent company Biria under the profits and loss transfer agreement.
Sachsen Zweirad GmbH je leta 2001 zabeležil izgubo iz poslovanja v višini 1274000 EUR, leta 2002 pa izgubo v višini 733000 EUR. Izgubo je v skladu s pogodbo o prenosu dobička in izgube prevzela matična družba Biria.
Turnover decreased in 2002 compared with 2001.
Prihodki so se leta 2002 v primerjavi z letom 2001 zmanjšali.
According to the annual report for 2002, Sachsen Zweirad GmbH also faced liquidity problems.
Glede na letno poročilo za leto 2002 se je Sachsen Zweirad GmbH soočal tudi z likvidnostnimi težavami.
It is explicitly stated in the annual report that its liquidity situation was tight because of high expenditures for the pre-financing of the group's inventory and because of its growth and that its survival could be ensured only if the banks were prepared to keep open or to restructure the existing credit lines.
V letnem poročilu je izrecno navedeno, da so likvidnostne težave podjetja Sachsen Zweirad GmbH posledica visokih izdatkov za predfinanciranje zalog in rasti znotraj skupine. Po letnem poročilu je preživetje podjetja mogoče le ob pripravljenosti bank, da ohranijo ali prestrukturirajo obstoječe kreditne linije.
Germany argues that there never had been any danger of the banks not extending their credit lines.
Nevarnost, da zasebne denarne ustanove ne bi podaljšale kreditov, po mnenju Nemčije ni obstajala.
However, this does not invalidate the fact that the liquidity situation of the company was tight.
Vendar pa to ne spremeni dejstva, da je bilo likvidnostno stanje podjetja napeto.
According to the annual report, a large majority of the credits had a remaining period to maturity of less than five years, which is by no means optimal for financing business activities and increases the risks facing the company.
Glede na letno poročilo je bila večina kreditov veljavna manj kot pet let, kar pa za financiranje poslovnih dejavnosti nikakor ni ugodno in povečuje tveganja za podjetja.
The short-term nature of the credits also led to high interest payments (albeit slightly lower in 2002 compared with 2001), placing a further burden on the company's liquidity.
Kratkoročnost kreditov je poleg tega privedla do visokih plačil obresti (čeprav leta 2002 v primerjavi z letom 2001 nekoliko manjših), ki so predstavljala dodatno breme za likvidnost podjetja.
The Commission thus comes to the conclusion that Sachsen Zweirad GmbH has to be viewed as a company in difficulty at the time the guarantee was provided and that the guarantee has accordingly to be viewed as a restructuring guarantee.
Zato je Komisija sklenila, da je treba podjetje Sachsen Zweirad GmbH v času dodelitve jamstva obravnavati kot podjetje v težavah, jamstvo pa temu primerno kot jamstvo za prestrukturiranje.
Since the provision of such a guarantee to a large undertaking has to be notified individually to the Commission, the conditions of the approved aid scheme under which the guarantee had allegedly been provided were not met and the guarantee was not covered by the aid scheme.
Ker je treba dodelitev takšnega jamstva za velika podjetja ločeno priglasiti Komisiji, pogoji odobrenega programa pomoči, na podlagi katerega je bilo jamstvo domnevno dodeljeno, niso izpolnjeni, zato jamstvo ne spada v okvir tega programa pomoči.
Guarantee for Biria GmbH (Measure 3)
Jamstvo za Birio GmbH (ukrep 3)
Biria GmbH (now Biria AG) was created with effect from 1 October 2003 through a merger of Biria AG as was with its subsidiary Sachsen Zweirad GmbH.
Biria GmbH (zdaj Biria AG) je bila ustanovljena 1. oktobra 2003 z združitvijo Birie AG in hčerinskega podjetja Sachsen Zweirad GmbH.
According to Germany, Biria GmbH (now Biria AG) has to be clearly distinguished from its predecessors Biria AG as was and Sachsen Zweirad GmbH since, as a result of the merger, a new company was created.
Po mnenju Nemčije je treba Birio GmbH (zdaj Biria AG) jasno ločevati od (stare) Birie AG in podjetja Sachsen Zweirad GmbH, saj je z združitvijo nastalo novo podjetje.
The assessment whether this company was in difficulty when the guarantee was provided on 9 December 2004 should therefore be based on the opening balance sheet of the newly merged company, which, according to Germany, demonstrates that Biria GmbH does not qualify as a company in difficulty.
Zato je treba vprašanje, ali je bilo podjetje v času zagotovitve jamstva 9. decembra 2004 v težavah, presoditi na podlagi začetne bilance na novo združenega podjetja. Začetna bilanca kaže, da Birie GmbH ni mogoče obravnavati kot podjetja v težavah.
The newly merged company Biria GmbH cannot be viewed separately from Biria AG as was and Sachsen Zweirad GmbH since it was created through a merger of the two companies.
Novega združenega podjetja Birie GmbH ni mogoče obravnavati ločeno od prejšnjih Birie AG in Sachsen Zweirad GmbH, saj je nastalo z združitvijo obeh podjetij.
Otherwise, it would be easy to circumvent the classification as a company in difficulty by merging economic entities or creating new companies.
V nasprotnem primeru bi se bilo z združitvijo gospodarskih subjektov ali ustanovitvijo novih podjetij enostavno izogniti opredelitvi podjetja kot podjetja v težavah preprosto.
Biria AG as was recorded losses and faced liquidity problems in 2002 as did Sachsen Zweirad GmbH.
Nekdanja Biria AG je imela leta 2002 izgubo in, tako kot Sachsen Zweirad GmbH, likvidnostne težave.
Biria GmbH inherited all the debts and liabilities of Biria AG as was and Sachsen Zweirad GmbH.
Biria GmbH je prevzela vse dolgove in obveznosti Birie AG (stare) in podjetja Sachsen Zweirad GmbH.
It also owns the same assets and carries out the same activities as Biria AG as was and Sachsen Zweirad AG.
Biria GmbH ima poleg tega enako premoženje in opravlja enako poslovno dejavnost kot Biria AG (stara) in Sachsen Zweirad GmbH.
The Commission therefore considers that Biria GmbH took over the difficulties of Biria AG as was and Sachsen Zweirad AG.
Komisija je zato mnenja, da je Biria GmbH prevzela težave Birie AG (stare) in podjetja Sachsen Zweirad GmbH.
Germany claims that Sachsen Zweirad GmbH dominated the merger economically and was not in difficulty, from which it cannot automatically be assumed that the new Biria GmbH had found itself in difficulty.
Podjetje Sachsen Zweirad GmbH je bilo po besedah Nemčije ob združitvi gospodarsko močnejše in ni bilo v težavah, zato ni mogoče samodejno domnevati, da je nova Biria AG podjetje v težavah.
Contrary to what Germany claims, the Commission is most certainly of the view that Sachsen Zweirad GmbH was a company in difficulty.
V nasprotju z navedbami Nemčije je Komisija mnenja, da je bilo podjetje Sachsen Zweirad GmbH podjetje v težavah.
Consequently, the new Biria GmbH also ‘inherited’ the difficulties of Sachsen Zweirad GmbH.
Nova Biria GmbH je zato „podedovala“ tudi težave podjetja Sachsen Zweirad GmbH.
Moreover, according to its annual report for 2003, the Biria Group continued its restructuring and reorganisation, which had started in 2002 and included a reordering of its financing.
Glede na letno poročilo za leto 2003 je skupina Biria nadaljevala s svojim prestrukturiranjem in reorganizacijo, ki sta se začela leta 2002 in sta vključevala reorganizacijo financiranja skupine.
On the basis of the guarantee provided by the Land of Saxony for the EUR 24.875m loan, the Biria Group drew up a new plan for financing its activities in the medium term that included a significant adjustment of interest rates and thus a reduction in the high interest burden.
Na podlagi jamstva dežele Saške za posojilo v višini 24,875 milijona EUR je skupina Biria izdelala nov načrt za srednjeročno financiranje svojih dejavnosti. Novi načrt financiranja je predvideval tudi znatno prilagoditev obrestnih mer in s tem zmanjšanje velikega bremena obresti.
At the same time, the pool of banks was reorganised: three banks agreed to waive claims amounting to EUR 8.567m, which seems to have represented significantly more than 50 % of their claims, in return for an immediate redemption of remaining claims.
Istočasno je sledila reorganizacija bank: tri banke so se bile pripravljene odpovedati terjatvam v višini 8567000 EUR – kar je predstavljalo precej več kot 50 % terjatev – v zameno za takojšnjo poravnavo preostalih terjatev.
Consequently, the loan covered by the 80 % guarantee under Measure 3 consists of EUR 8m to pay off working capital loans, EUR 7.450m in the form of an advance on current account and EU-9.425m for seasonal financing needs.
Zato je bilo posojilo, krito z 80-odstotnim jamstvom ukrepa 3, sestavljeno iz 8 milijonov EUR za odplačilo kredita za obratna sredstva, 7,45 milijona EUR kontokorentnega kredita in 9,425 milijona EUR za sezonske finančne potrebe.
Biria GmbH (now Biria AG) thus faced serious liquidity problems at the time the guarantee was provided and so was a company in difficulty.
Biria GmbH (zdaj Biria AG) je imela torej v času dodelitve jamstva velike likvidnostne težave in je bila zato podjetje v težavah.
This assessment is borne out by the fact that three banks withdrew from the financing of Biria's activities and even agreed to waive a large part of their claims in return for the immediate redemption of remaining claims.
To oceno podpira dejstvo, da so tri banke odstopile od financiranja dejavnosti Birie in bile celo pripravljene odpisati velik del terjatev v zameno za takojšnjo poravnavo preostalih terjatev.
This shows that the banks had serious doubts as to whether Biria would be able to service its debts and was to be regarded as a viable company.
To kaže, da so banke resno dvomile, da lahko Biria poravna svoje dolgove in da je Biria rentabilno podjetje.
Germany argues that the banks withdrew from the financing only because of a refocusing of their business strategy.
Nemčija temu ugovarja in trdi, da so se banke iz financiranja umaknile samo zaradi prenove poslovne strategije.
The Commission notes that the banks agreed to waive probably around 50 % of their claims, which, even if the banks withdrew because of a refocusing of their business strategy, is a sign that the banks considered it unlikely that they would be able to recover the full amount of the loans.
Komisija ugotavlja, da so se banke verjetno odpovedale približno polovici neporavnanih terjatev. To je celo v primeru umika bank zaradi novih usmeritev v poslovni strategiji znak za to, da so kreditne ustanove menile, da popolno vračilo posojil ni verjetno.
The Commission thus comes to the conclusion that Biria GmbH has to be viewed as a company in difficulty at the time the guarantee was provided and that the guarantee has accordingly to be viewed as a restructuring guarantee.
Zato je Komisija sklenila, da je treba podjetje Biria GmbH v času dodelitve jamstva obravnavati kot podjetje v težavah, jamstvo pa temu primerno kot jamstvo za prestrukturiranje.
State aid within the meaning of Article 87(1) of the EC Treaty
Državne pomoči v smislu člena 87(1) Pogodbe ES
According to Article 87 of the EC Treaty, any aid granted by a Member State or through state resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods is, in so far as it affects trade between Member States, incompatible with the common market.
Po členu 87 Pogodbe ES je državna pomoč ali kakršna koli vrsta pomoči iz državnih sredstev, ki z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga izkrivlja ali bi lahko izkrivljala konkurenco, nezdružljiva s skupnim trgom, v kolikor prizadene trgovino med državami članicami.
The silent participation (Measure 1) was provided by gbb.
Tiho udeležbo (ukrep 1) je odobril gbb.
Germany claims that this took place under the ‘Eigenprogramm’ of the gbb so that no state support was involved.
Po navedbah Nemčije je bilo to izvedeno v okviru lastnega programa gbb, tako da v tem primeru ne gre za državna sredstva.
The Commission notes nevertheless that, at the time the participation was provided, gbb was fully controlled by the Deutsche Ausgleichsbank, a public-law development bank with the task of supporting the German economy in the public interest.
Komisija pa vendarle ugotavlja, da je bil gbb v času odobritve udeležbe popolnoma pod nadzorom Deutsche Ausgleichsbank, javnopravne razvojne banke, ki je ustanova javnega prava in katere naloga je spodbujanje nemškega gospodarstva v javnem interesu.
In addition, gbb is also tasked with promotional tasks.
Ggb je poleg tega zadolžen za naloge pospeševanja.
For example, it was responsible for the Consolidation and Growth Fund for Eastern Germany (‘Konsolidierungs- und Wachstumsfonds Ostdeutschland’), which is entrusted with providing equity capital to medium-sized companies in eastern Germany to strengthen their equity capital base.
Tako je bil na primer zadolžen za Sklad za konsolidacijo in rast za Vzhodno Nemčijo (Konsolidierungs- und Wachstumsfonds Ostdeutschland), katerega naloga je bila zagotavljanje lastniškega kapitala za srednje velika podjetja v Vzhodni Nemčiji za okrepitev baze lastniškega kapitala.
The Commission therefore considers that the measure is imputable to the State.
Zato je Komisija mnenja, da je ta ukrep mogoče pripisati državi.
As pointed out in paragraphs 59 to 62, the measure also conferred on Bike Systems an advantage that the company would not have obtained on the market.
Kot je pojasnjeno v odstavkih 59 do 62, je bila podjetju Bike Systems z ukrepom dodeljena prednost, ki je podjetje na trgu ne bi bilo deležno.
The guarantees under Measures 2 and 3 were provided by the Land of Saxony. They thus stem from state resources and are imputable to the State.
Jamstvi, dodeljeni v okviru ukrepov 2 in 3 s strani dežele Saške, tako izvirata iz državnih sredstev in jih je mogoče pripisati državi.
The guarantees confer an advantage on Sachsen Zweirad GmbH and Biria GmbH (now Biria AG) as the two companies would not have been able to obtain the guarantees on the market on the same conditions.
Jamstvi sta podjetjema Sachsen Zweirad GmbH in Biria GmbH (zdaj Biria AG) dali prednost, saj podjetji teh jamstev na trgu ne bi dobili pod enakimi pogoji.
Bike Systems as well as Sachsen Zweirad GmbH and Biria GmbH manufacture bicycles.
Bike Systems, Sachsen Zweirad GmbH in Biria GmbH proizvajajo kolesa.
As this product is traded across borders, the measures threaten to distort competition and affect trade between Member States.
Ker se ta izdelek prodaja preko nemških meja, lahko ukrepi izkrivljajo konkurenco in negativno vplivajo na trgovino med državami članicami.
Aid element of Measure 1
Ukrepi 1, 2 in 3 pomenijo torej novo pomoč in jih je treba temu primerno oceniti. Element pomoči ukrepa 1
The Commission considers that the aid element of the silent participation should be calculated as the difference between the remuneration that Bike Systems would have paid on the market for the silent participation and the remuneration actually paid.
Element pomoči tihe udeležbe po mnenju Komisije izhaja iz razlike med nadomestilom, ki bi ga Bike Systems moral plačati za tiho udeležbo na prostem trgu, in dejansko plačanim nadomestilom.
As Bike Systems was in difficulty when the silent participation was provided and as the associated risk was high, the aid element could amount to as much as 100 % of the silent participation as no market economy investor would have provided the participation (see point 3.2 of the Commission notice on the application of Articles 87 and 88 of the EC Treaty to state aid in the form of guarantees [7]).
Ker je bil Bike Systems v času zagotovitve tihe udeležbe podjetje v težavah in ker je bilo s tem povezano tveganje veliko, lahko element pomoči znaša tudi do 100 % tihe udeležbe, saj takšne udeležbe ne bi izvedel noben tržno usmerjen vlagatelj (prim. s točko 3.2 Obvestila Komisije o uporabi členov 87 in 88 Pogodbe ES za državno pomoč v obliki poroštev [7]).
According to the Commission notice on the method for setting the reference and discount rates [8], reference rates are supposed to reflect the average level of interest rates charged on medium- and long-term loans backed by normal security.
Po Obvestilu Komisije o metodi določanja referenčnih obrestnih mer in diskontnih stopenj [8] morajo referenčne obrestne mere odražati povprečno višino veljavnih obrestnih mer za srednje- in dolgoročna posojila z običajnim zavarovanjem.
The notice also points out that this reference rate is a floor rate which may be increased in situations involving a particular risk (for example, an undertaking in difficulty or where the security normally required by banks is not provided).
Tako določena referenčna mera – tako imenovana v nadaljevanju – je najnižja mera, ki jo je v primerih velikega tveganja mogoče dvigniti (npr. pri podjetju v težavah ali če ni zagotovljenega zavarovanja, ki ga običajno zahtevajo banke, itd.).
The silent participation is not a loan but can nevertheless be compared to a high-risk loan since, in case of bankruptcy, it is subordinated to all other claims including subordinated loans.
Tiha udeležba ni posojilo, lahko pa jo primerjamo s posojilom posebej velikega tveganja, saj je tiha udeležba v primeru stečaja podrejena vsem drugim terjatvam, vključno s podrejenimi posojili.
As explained in paragraph 61, the situation of Bike Systems after it had come out of insolvency should be considered as insecure.
Kot je pojasnjeno v odstavku 61, je treba stanje podjetja Bike Systems, ki je ravno zaključilo stečajni postopek, obravnavati kot negotovo.
Its future prospects were uncertain as only limited operational restructuring had been carried out.
Prihodnost podjetja je bila nejasna, saj je bilo izvedeno le omejeno operativno prestrukturiranje.
As pointed out in the same paragraph, the company is therefore to be regarded as a company in difficulty.
Kot pojasnjuje odstavek 61, je zato podjetje treba obravnavati kot podjetje v težavah.
Moreover, no collateral was provided for the silent participation, increasing the risk of default.
Poleg tega za tiho udeležbo ni bilo zagotovljenih zavarovanj, kar poveča tveganje neplačila.
In addition to the missing collateral, the silent participation is also subordinated to all other loans in the event of insolvency, further increasing the risk of default.
Poleg pomanjkanja poroštev je tiha udeležba v primeru plačilne nesposobnosti podrejena tudi vsem drugim posojilom, kar pa tveganje neplačila še dodatno poveča.
In the present case, therefore, the Commission considers that Bike Systems would have had to pay an interest rate at least equal to the reference rate plus a premium of 400 basis points because it was in difficulty and a premium of a further 400 basis points because of the lack of any collateral.
Zato je Komisija v tem primeru mnenja, da bi moral Bike Systems plačati obrestno mero, ki bi bila najmanj enaka referenčni meri plus pribitku v višini 400 baznih točk, ker je bilo podjetje v težavah, ter dodatnemu pribitku v višini 400 baznih točk zaradi pomanjkanja poroštev.
It also considers an additional 200 basis points appropriate because of the low ranking of the silent participation in the event of insolvency.
Poleg tega Komisija meni, da je primeren tudi dodatek v višini nadaljnjih 200 baznih točk, ker je tiha udeležba v primeru stečaja podrejena.
This is in line with the indications given in the Commission notice on the method for setting the reference and discount rates, which states that in situations involving a particular risk (for example, an undertaking in difficulty or where the security normally required by banks is not provided) the premium may amount to 400 basis points or more.
To je v skladu z navedbami Obvestila Komisije o metodi določanja referenčnih obrestnih mer in diskontnih stopenj, ki predvidevajo, da lahko v primerih velikih tveganj, kot npr. pri podjetju v težavah ali pri pomanjkanju zavarovanj, ki jih običajno zahtevajo banke, pribitek znaša 400 baznih točk ali več.
The aid element of the silent participation thus consists in the difference between the reference interest rate plus 1000 basis points and the actual remuneration against which the silent participation was provided.
Element pomoči tako ustreza razliki med referenčno mero plus 1000 baznih točk ali dejanskemu nadomestilu tihe udeležbe.
In calculating the aid element, the variable remuneration of 3.5 % can be taken only partly into account as it depends on the company realising profits.
Pri izračunu elementa pomoči je mogoče spremenljivo nadomestilo v višini 3,5 % upoštevati samo delno, saj je to nadomestilo odvisno od dobička.
The company's situation was, however, weak and the profit outlook was unclear.
Podjetje je bilo v slabem položaju, saj so bili obeti za dobiček zelo nejasni.
The Commission therefore considers that only 50 % of the variable remuneration should be taken into account, i.e. 1.75 %.
Zato Komisija meni, da se lahko upošteva samo 50 % spremenljivega nadomestila, tj. 1,75 %.
In calculating the aid element, the actual remuneration should, therefore, be the fixed rate of 8.75 % plus 50 % of the variable remuneration of 3.5 %, giving a total rate of 10.5 %.
Kot dejansko nadomestilo pri izračunu elementa pomoči bi bilo torej treba upoštevati fiksno obrestno mero 8,75 % in 50 % spremenljivega nadomestila v višini 3,5 %, kar ustreza skupni obrestni meri v višini 10,5 %.
The aid element consequently consists in the difference between the reference rate plus 1000 basis points and the remuneration of 10.5 %.
Element pomoči je tako enak razliki med referenčno obrestno mero plus 1000 baznih točk in nadomestilom v višini 10,5 %.
Aid element of Measures 2 and 3
Element pomoči ukrepov 2 in 3
The guarantees in the case of Measures 2 and 3 enabled Sachsen Zweirad GmbH and Biria GmbH to obtain better financial terms for loans than otherwise normally available on the financial markets.
Jamstvi v okviru ukrepov 2 in 3 sta podjetjema Sachsen Zweirad GmbH in Biria GmbH omogočili pridobitev ugodnejših finančnih pogojev za posojila, kot so običajno na voljo na finančnih trgih.