natgillin/translations-raw huggingface dataset:
Despite this statement, the Commission expressed its doubts on the abovementioned aid measures by declaring that, contrary to the Italian authorities' contention, the description provided and the wording of the Law seemed to indicate that the aid was aimed at relieving the beneficiaries from their financial difficulties with no link whatsoever with the actual completion of the investments.
Kljub temu je Komisija podvomila o navedenih ukrepih pomoči in navedla, da predloženi opis in besedilo zakona v nasprotju s trditvijo italijanskih organov najbrž kažeta na to, da je bila pomoč namenjena razbremenjevanju upravičencev glede finančnih težav, pri čemer to nikakor ni povezano z dejanskim dokončanjem naložb.
In the same letter expressing its reservations, the Commission also invited the Italian authorities to explain whether the aid in question complied with any of the provisions applicable at the time the aid was granted.
Komisija je v istem dopisu, v katerem je izrazila svoje pridržke, italijanske organe tudi pozvala, da pojasnijo, ali je bila zadevna pomoč v skladu z vsemi določbami, ki so se uporabljale ob dodelitvi pomoči.
In their reply to the abovementioned letter, the Italian authorities stated that, with respect to financial recovery, the financial actions planned took account of the overall financial requirement of each integrated project.
Italijanski organi so v odgovoru na navedeni dopis navedli, da so v zvezi s finančno sanacijo načrtovani finančni ukrepi upoštevali vse finančne zahteve za vsak celostni projekt.
This overall global financial requirement consisted in the actual investments and in the financial equilibrium, which could not exceed 50 % of the overall financial requirement.
Skupne finančne zahteve so vključevale dejanske naložbe in finančno ravnovesje, ki niso smeli preseči 50 % celotnih finančnih zahtev.
The financial recovery therefore ensured the payment of the financial charges linked to the investments undertaken.
Finančna sanacija je zato omogočila plačilo finančnih stroškov, povezanih z izvedenimi naložbami.
Following the Commission's remarks on this specific point, the Italian authorities, in their letter of 29 October 2004, registered on 3 November 2004, undertook to disaggregate the financial recovery needs from eligible expenses.
Glede na pripombe Komisije v zvezi s tem so se italijanski organi v dopisu z dne 29. oktobra 2004, vpisanim v evidenco 3. novembra 2004, zavezali, da bodo zahteve glede finančne sanacije ločili od upravičenih stroškov.
Therefore, the financial recovery needs of the companies, originally included in the eligible expenses linked to the investments, were deducted.
Zato so bile zahteve glede finančne sanacije družb, ki so bile prvotno vključene v upravičene stroške, povezane z naložbami, odštete.
This means that only eligible expenses directly linked to the completion of the financed investments, funded under the conditions indicated above, were considered.
To pomeni, da so se upoštevali le upravičeni stroški, neposredno povezani z dokončanjem naložb, ki so bile financirane v skladu z navedenimi pogoji.
Financial recovery never resulted in an additional transfer of financial resources from the State to the companies undertaking integrated projects, but it was originally added to the eligible expenses.
Finančna sanacija ni nikoli povzročila dodatnega prenosa finančnih sredstev iz države v družbe, ki izvajajo celostne projekte, vendar je bila prvotno dodana upravičenim stroškom.
According to the new calculation (excluding the financial recovery needs from the eligible expenses), the aid intensity of the two cooperatives who benefited from it (CONAZO and Consorzio latterie sociali mantovane) was still limited to 35 % for primary production, was below 55 % for the processing and marketing sector in ordinary areas and was limited to 75 % in less favoured areas, as shown in the table below:
Po novem izračunu (ki zahteve glede finančne sanacije izključuje iz upravičenih stroškov) je bila intenzivnost pomoči dveh zadrug, ki sta zaradi nje imeli korist (CONAZO in Consorzio latterie sociali mantovane), še vedno omejena na 35 % za primarno proizvodnjo, pod 55 % za predelovalni in tržni sektor v običajnih območjih in na 75 % za območja z omejenimi možnostmi, kot prikazuje spodnja tabela.
Financial recovery
Finančna sanacija
Eligible costs ITL
Upravičeni stroški (ITL)
Public contribution under Law No 252/91
Javni prispevek po Zakonu št. 252/91 (ITL)
Processing in less favoured areas
Predelava v območjih z omejenimi možnostmi
TOTAL CONAZO
CONAZO skupaj
Processing in non disadvantaged areas
Predelava v neprikrajšanih območjih
Concerning debt consolidation, the Italian authorities specified that the ‘debt consolidation funds’ were aimed at financing ‘development loans’, i.e. loans linked to the completion of the integrated projects for which the resources provided for by Law No 252/91 proved to be insufficient and ‘consolidation loans’, aimed at financing previous investments.
V zvezi s konsolidacijo dolgov so italijanski organi navedli, da so bila „sredstva za konsolidacijo dolgov“ namenjena financiranju „razvojnih posojil“, tj. posojil, povezanih z dokončanjem celostnih projektov, za katere so bili viri sredstev iz Zakona št. 252/91 nezadostni, „konsolidacijska posojila“ pa so bila namenjena financiranju prejšnjih naložb.
‘Development loans’ are granted within the scope of the integrated projects financed under Law No 252/91 and on the same conditions.
„Razvojna posojila“ se odobrijo v okviru celostnih projektov, financiranih v skladu z Zakonom št. 252/91 in pod enakimi pogoji.
They were granted to CONAZO, GEA and Val di Cesola.
Odobrena so bila za družbe CONAZO, GEA in Val di Cesola.
The gross grant equivalent of these loans was included in the overall aid intensity and the maximum grant equivalent deriving from the cumulation of the aid in form of cash subsidy under Law No 252/91 and in form of development loans under Law No 67/88.
Bruto ekvivalent dotacije teh posojil je bil vključen v celotno intenzivnost pomoči in največji ekvivalent dotacije, ki izhaja iz kumulacije pomoči v obliki denarne subvencije v skladu z Zakonom št. 252/91 in v obliki razvojnih posojil v skladu z Zakonom št. 67/88.
The total aid rates are in accordance with the aid rates authorised at the time by the Commission (as shown in Table 2 above).
Skupne stopnje pomoči so v skladu s stopnjami pomoči, ki jih je takrat odobrila Komisija (kot prikazuje tabela 2).
The ‘consolidation loans’ that only concern CONAZO, however, were linked to previously accomplished investments and are designed to reduce the cost of financing loans contracted in respect of earlier investments.
Vendar so bila „konsolidacijska posojila“, ki zadevajo le CONAZO, povezana s predhodno dokončanimi naložbami in so namenjena zmanjšanju stroškov financiranja posojil, najetih za prejšnje naložbe.
They were granted under the conditions set in Commission letter of 7 March 1989, namely:
Odobrena so bila pod pogoji iz dopisa Komisije z dne 7. marca 1989, in sicer:
aid (for example, to pay interest) should be aimed at reducing the financial burden of previous loans taken out to fund investments,
pomoč (na primer za plačilo obresti) mora biti namenjena zmanjšanju finančnega bremena zaradi prejšnjih posojil, ki so bila najeta za financiranje naložb,
the cumulated grant equivalent of previous loans granted when the loans were taken out and of the new aid measure may not exceed the Commission limit rates for primary production investments: 35 % or 75 % in less favoured areas pursuant to Directive 75/268/EEC; for processing or marketing investments: 55 % (75 % in Objective 1 areas),
kumulativni ekvivalent dotacije prejšnjih odobrenih posojil ob prevzemu posojil in novega ukrepa pomoči ne sme preseči mejne stopnje Komisije za naložbe primarne proizvodnje: 35 % ali 75 % v območjih z omejenimi možnostmi na podlagi Direktive 75/268/EGS; za naložbe v predelavo in trženje: 55 % (75 % v območjih cilja 1),
the aid in question must follow adjustments in the interest rates on new loans to take account of changes in the price of money (the aid must be less than or equal to the change in the rate for new loans) or must be for agricultural undertakings presenting guarantees of viability, particularly where the financial burden resulting from existing loans is such that there is a risk that the undertaking's viability might be in danger or that it may become bankrupt.
zadevna pomoč mora upoštevati prilagoditve obrestnih mer za nova posojila, da se upoštevajo spremembe v ceni denarja (pomoč mora biti manjša ali enaka spremembi mere za nova posojila), ali pa mora kmetijskim gospodarstvom nuditi garancije na področju finančne sposobnosti, zlasti kadar je finančno breme zaradi obstoječih posojil tako, da bi bila finančna sposobnost podjetja lahko ogrožena ali bi lahko šlo v stečaj.
In the present case, in their letter of 12 July 2001 and in that of 29 October 2004, registered on 3 November 2004, the Italian authorities specified that the debt consolidation loans were only granted to one company, CONAZO, which was not in financial difficulty.
V tem primeru so italijanski organi v dopisih z dne 12. julija 2001 in z dne 29. oktobra 2004, vpisanim v evidenco 3. novembra 2004, navedli, da so bila posojila za konsolidacijo dolgov odobrena le eni družbi, tj. CONAZO, ki ni bila v finančnih težavah.
The aid granted for debt consolidation was meant to relieve the company from debts relating to previous investments, in order to allow the cooperative to undertake new investments for the modernisation of the livestock sector.
Odobrena pomoč za konsolidacijo dolgov je bila namenjena razbremenitvi družb v zvezi z dolgovi, povezanimi s prejšnjimi naložbami, da je lahko zadruga izvedla nove naložbe za posodobitev živinorejskega sektorja.
The consolidation loans were granted to finance projects undertaken between 1986 and 1993 for the setting-up of slaughtering plants, the construction of buildings, purchase of equipment and the purchase of a breeding centre for a total amount of ITL 12396406733 (about EUR 6 million).
Konsolidacijska posojila so bila odobrena za financiranje projektov, ki so se izvajali med letoma 1986 in 1993 za ustanavljanje obratov za zakol, gradnjo objektov, nakup opreme in vzrejnega centra v skupnem znesku 12396406733 ITL (približno 6 milijonov EUR).
The gross grant equivalent of this contribution on the overall eligible costs is around 9 % (ITL 1198351597) and therefore did not exceed the Commission aid rates, as specified above.
Bruto ekvivalent dotacije tega prispevka k celotnim upravičenim stroškom je približno 9 % (1198351597 ITL), zato ni presegel stopnje pomoči Komisije, kot je navedeno zgoraj.
The aid was granted to help the cooperative to face difficulties deriving from soaring interest rates, ranging from 17,80 % in 1986 to 14,75 % in 1993.
Pomoč je bila odobrena, da zadruge lažje odpravljajo težave zaradi visokih obrestnih mer od 17,80 % leta 1986 do 14,75 % leta 1993.
Although the cooperative was viable, the high interest rates applied by the banks were seriously detrimental to its financial situation.
Čeprav je bila zadruga finančno sposobna, so visoke obrestne mere, ki so jih uporabljale banke, resno ogrožale njeno finančno stanje.
Furthermore, the cooperative was undertaking new investments within the integrated projects financed under Law No 252/91.
Poleg tega je zadruga izvajala nove naložbe v okviru celostnih projektov, financiranih v skladu z Zakonom št. 252/91.
In order to participate in such projects, the cooperative had to meet a sine qua non condition that the part of overall financial requirement not covered by State contribution would be covered by the beneficiary companies in two ways:
Za sodelovanje pri takih projektih je morala zadruga izpolniti osnovni pogoj, da krijejo del celotnih finančnih zahtev, ki jih ni pokril prispevek države, družbe upravičenke na dva načina:
at least 20 % with fresh capital paid by the shareholders as capital increase or with a 10-year loan at market rates;
vsaj 20 % z novim kapitalom, ki ga delničarji izplačajo kot povečanje kapitala, ali z 10-letnim posojilom po tržnih stopnjah;
with a guarantee covering the total project, on the basis of a joint and several liability, according to which each partner of the integrated project was liable towards the other partner should any part or all the project fail to be undertaken.
z garancijo, ki pokriva celoten projekt, na podlagi solidarne odgovornosti, po kateri je vsak partner v celostnem projektu odgovoren za drugega partnerja, če del projekta ali celoten projekt ni izveden.
According to the Italian authorities, the sum of the new financial commitments and the old ones (deriving from the high bank rates for the completion of previous investments) would have borne heavy consequences even for viable companies, such as the one concerned by this measure.
Po mnenju italijanskih organov bi vsota novih in starih finančnih obveznosti (ki izhajajo iz visokih bančnih obrestnih mer za dokončanje prejšnjih naložb) zelo prizadela tudi družbe, ki so finančno sposobne, kot je na primer družba, ki jo zadeva ta ukrep.
Moreover, the ‘consolidation loans’ were always linked to the company's development plan, showing its financial situation, the investments undertaken and to be undertaken and compliance with the conditions indicated in point 94.
Poleg tega so bila „konsolidacijska posojila“ vedno povezana z razvojnim načrtom družbe, ki je pokazal njeno finančno stanje, izvedenimi naložbami in naložbami, ki se še bodo izvedle, ter skladnostjo s pogoji iz točke 94.
The investments for which debt consolidation loans were granted were different from and fully independent of those financed under Law No 252/91 and the public contribution towards debt consolidation (at the conditions indicated above) did not affect the aid rates of the investments financed under Law No 252/91.
Naložbe, za katere so bila odobrena posojila za konsolidacijo dolgov, so bile drugačne in v celoti neodvisne od naložb, ki so bile financirane v skladu z Zakonom št. 252/91, javni prispevek h konsolidaciji dolgov (pod zgoraj navedenimi pogoji) pa ni vplival na stopnje pomoči za naložbe, financirane v skladu z Zakonom št. 252/91.
Furthermore, the Italian authorities underlined that Article 5(3) of Law No 290/99 (which stipulates that credit subsidies on loans contracted under Law No 67/88 for the sole purpose of debt consolidation remain valid even where the integrated project fails to be carried out or is carried out only in part, provided that the person who took out the loan submits a personal investment project, to be undertaken using part of the loan) had never been applied.
Poleg tega so italijanski organi poudarili, da se člen 5(3) Zakona št. 290/99 (ki določa, da kreditne subvencije na posojila, najeta v skladu z Zakonom št. 67/88 izključno za konsolidacijo dolga, ostanejo veljavna, čeprav se celostni projekt ne izvede ali se izvede le delno, pri čemer mora oseba, ki je najela posojilo, predložiti osebni naložbeni projekt, ki se bo izvedel z uporabo dela posojila) ni nikoli uporabljal.
No aid (in the form of consolidation debts loans) was granted for investments which were not carried out in their totality.
Za naložbe, ki niso bile izvedene v celoti, ni bila odobrena nikakršna pomoč (v obliki posojil za konsolidacijo dolgov).
On the basis of the information provided by the Italian authorities, the Commission can therefore conclude that:
Na podlagi informacij, ki so jih posredovali italijanski organi, lahko Komisija zato zaključi, da:
the debt consolidations loans granted under Law No 67/88 were compatible with the relevant State aid rules applicable at the time when the aid was granted,
so bila posojila za konsolidacijo dolgov, odobrena v skladu z Zakonom št. 67/88, skladna z ustreznimi pravili o državni pomoči, ki so se uporabljala ob odobritvi pomoči,
the financial resources granted under Law No 67/88 as development loans were included in the overall financial envelope of each project and assessed according to the State aid rules applicable to investments in primary production or in the processing and marketing sector (see sections VI.1 a 1 and VI.1 a 2),
so bila finančna sredstva, odobrena v skladu z Zakonom št. 67/88 kot razvojna posojila, vključena v finančni okvir vsakega projekta ter ocenjena v skladu s pravili o državni pomoči, ki so se uporabljala za naložbe v primarno proizvodnjo ali sektor predelave in trženja (glej oddelka VI.1(a)1 in VI.1(a)2),
Indeed, as these credit operations were non-existent, no State aid within the meaning of Article 87(1) of the Treaty could have been granted under Article 4 of Law No 290/99 and the measures related thereto.
Ker ti kreditni posli niso obstajali, na podlagi člena 4 Zakona št. 290/99 ter povezanih ukrepov dejansko ni mogla biti odobrena nobena državna pomoč v smislu člena 87(1) Pogodbe ES.
As pointed out in the paragraph above, Law No 252/91 also envisages the establishment of a private-law holding company (finanziaria di partecipazioni di diritto privato) with a subscribed and paid-up capital of ITL 70,114 million.
Kot je poudarjeno v zgornjem odstavku, je v Zakonu št. 252/91 prav tako predvidena ustanovitev holdinga po zasebnem pravu, ki ima vpisan in vplačan kapital v višini 70114 milijonov ITL.
The main shareholder is the Ministry for Agriculture and Forestry Policy which owns 92,79 % of the company's shares.
Glavni delničar je Ministrstvo za kmetijstvo in gozdarsko politiko, ki ima v lasti 92,79 % delnic družbe.
The remaining 7,21 % is owned by 13 different credit institutions.
Ostalih 7,21 % delnic je v lasti 13 različnih kreditnih institucij.
The institutional tasks of the company are the following: assistance in the preparation of economic/financial programmes for restructuring and development projects, granting of guarantees for credit operations, organisations of ‘pool’ financing, preliminary contacts with banks in order to favour the financing operations planned, acquisition and sale of minority shares in companies, cooperatives, consortia, bodies and associations and granting of aid.
Institucionalne naloge družbe so: pomoč pri pripravi ekonomskih/finančnih programov za projekte prestrukturiranja in razvojne projekte, odobritev garancij za kreditne posle, organizacija financiranja iz skupnih sredstev, predhodni stiki z bankami, da se podpirajo načrtovani finančni posli, pridobitev in prodaja manjšinskih deležev v družbah, zadrugah, konzorcijih, institucijah in združenjih ter odobritev pomoči.
By Legislative Decree No 1 of 9 January 1999 (Riordino degli enti e delle società di promozione e istituzione della società Sviluppo Italia S.p.A), Finagra was merged into Sviluppo Italia S.p.A..
Z Zakonsko uredbo št. 1 z dne 9. januarja 1999 (Riordino degli enti e delle società di promozione e istituzione della società Sviluppo Italia S.p.A) je bila Finagra združena v družbo Sviluppo Italia S.p.A..
The Italian authorities have consistently stated that Finagra operations have never involved State aid elements and that Finagra has always operated under normal market economy conditions within the meaning of the Commission's communication on the application of Articles 92 and 93 (now Articles 87 to 89) of the EC Treaty to public companies.
Italijanski organi so dosledno trdili, da posli Finagre niso nikoli vključevali elementov državne pomoči in da je Finagra vedno delovala pod običajnimi pogoji tržnega gospodarstva v smislu Sporočila Komisije o uporabi členov 92 in 93 (zdaj členi 87-89) Pogodbe ES za javna podjetja.
In order to prove that Finagra has always operated under normal market conditions, upon the Commission's request, the Italian authorities have provided details of all the 12 operations (in companies within the meaning of Article 5) approved by the company until 31 December 1998.
Kot dokaz, da je Finagra vedno delovala pod običajnimi tržnimi pogoji, so italijanski organi na zahtevo Komisije posredovali podrobnosti vseh dvanajstih poslov (v družbah v smislu člena 5), ki jih je družba odobrila pred 31. decembrom 1998.
An analysis of Finagra's activities showed that Finagra had operated at three levels:
Analiza dejavnosti Finagre je pokazala, da je družba delovala na treh ravneh:
purchase of equity shares
nakup kapitalskih deležev,
granting of loans
odobritev posojil,
issuance of guarantees.
izdaja garancij.
In their letter dated 13 October 2000, the Italian authorities stressed that, even if rescuing and restructuring operations were contemplated by the company's articles of association, Finagra had never undertaken operations of this type.
Italijanski organi so v dopisu z dne 13. oktobra 2000 poudarili, da ni Finagra nikoli izvajala postopkov za reševanje in prestrukturiranje, čeprav je statut družbe predvideval takšne postopke.
VI.3.1.(a) Purchase of equity shares
Nakup kapitalskih deležev
The Commission's position on the purchase of shares by public authorities in private companies is set out in the Communication of the Commission on the application of Articles 92 and 93 of the EEC Treaty to public authorities' holdings.
Stališče Komisije glede nakupa deležev v zasebnih družbah s strani državnih organov je navedeno v Sporočilu Komisije o uporabi členov 92 in 93 Pogodbe EGS za deleže organov oblasti.
According to the communication, ‘public holding’ means a direct holding of central, regional or local government, or a direct holding of financial institutions or other national, regional or industrial agencies which are funded from State resources within the meaning of Article 87(1) of the EC Treaty, or over which central, regional or local government exercises a dominant influence.
V skladu s Sporočilom pomeni „javni delež“ neposredni delež centralne, regionalne ali lokalne vlade ali neposredni delež finančnih ustanov ali drugih nacionalnih, regionalnih ali industrijskih agencij, ki se financirajo iz državnih sredstev v smislu člena 87(1) Pogodbe ES, ali nad katerimi imajo centralne, regionalne ali lokalne vlade prevladujoč vpliv.
Italy, through its Ministry for Agricultural and Forestry policy owns about 92 % of Finagra's shares; as such, this holding can be defined as ‘public’ within the meaning of the abovementioned communication.
Italija je prek Ministrstva za kmetijstvo in gozdarsko politiko lastnica okoli 92 % delnic Finagre; v smislu omenjenega sporočila se lahko delež kot tak imenuje „javni“ delež.
The Treaty establishes both the principle of impartiality with regard to the system of property ownership (Article 222) and the principle of equality between public and private undertakings.
Pogodba uvaja načelo nepristranskosti v zvezi s sistemom lastninskih razmerij (člen 222) ter načelo enakosti med javnimi in zasebnimi podjetji.
This means that Commission action may neither penalise nor favour public authorities which provide companies with equity capital.
To pomeni, da se z ukrepi Komisije ne sme kaznovati javnih organov, ki zagotavljajo družbam lastniški kapital, niti jim dajati prednost.
Nor is it for the Commission to express any opinion as to the choice companies make between methods of financing — loan or equity — irrespective of whether the funds are of private or public origin.
Komisija prav tako ne sme izraziti mnenja o tem, za kateri način financiranja – posojilo ali lastniški delež – se odločijo družbe, ne glede na to, ali gre za javna ali zasebna sredstva.
In this respect, the Commission needs to establish whether the holdings acquired by Finagra in various companies operating in the agricultural sector actually constituted State aid according to Article 87(l) of the EC Treaty and must therefore be assessed on the basis of Articles 87 to 89 of the EC Treaty or whether, as claimed by the Italian authorities, such interventions did not constitute State aid according to the provisions of the abovementioned communication.
V zvezi s tem mora Komisija ugotoviti, ali so bili deleži, ki jih je Finagra kupila v več družbah, delujočih v kmetijskem sektorju, dejansko državna pomoč v skladu s členom 87(1) Pogodbe ES in morajo biti zato ocenjeni na podlagi členov 87-89 Pogodbe ES, ali pa glede na določbe iz navedenega sporočila niso bili del državne pomoči, kot trdijo italijanski organi.