natgillin/translations-raw huggingface dataset:
In this respect it can be verified that this part of the restructuring plan has developed as predicted.
V zvezi s tem je mogoče potrditi, da se je ta del načrta za prestrukturiranje odvijal v skladu s predvidevanji.
In the present case, with regard to the traffic flows and development of the market the Commission refers to the two independent studies carried out in relation the valuation of Eurocypria in as much as these relate the development of the Cypriot aviation market.
V tem primeru se v zvezi s prometnimi tokovi in razvojem trga Komisija sklicuje na dve neodvisni študiji, opravljeni v zvezi z vrednotenjem Eurocyprie, kolikor sta povezani z razvojem ciprskega letalskega trga.
According to the restructuring plan Cyprus air traffic is assumed to increase by 3,5 % on average per annum over the years 2005-2010, while Cyprus Airways traffic projections will grow at a rate of 2,4 % on average per annum over the years 2005-2010.
Glede na načrt za prestrukturiranje se bo zračni promet na Cipru predvidoma povečal povprečno za 3,5 % na leto v obdobju od leta 2005 do leta 2010, medtem ko bo predviden promet družbe Cyprus Airways v enakem obdobju rasel s povprečno letno stopnjo 2,4 %.
In the report prepared by PwC the overall growth for Cyprus air traffic is forecast by IATA (the International Air Transport Association) at 4,3 % over the 2006- 2008 period, this suggests that the assumptions taken into consideration in the plan were reasonable.
V poročilu, ki ga je pripravilo podjetje PricewaterhouseCoopers, je IATA (Mednarodno združenje letalskih prevoznikov) napovedala 4,3-odstotno skupno rast zračnega prometa na Cipru v obdobju od leta 2006 do leta 2008, kar kaže, da so bile domneve, upoštevane v načrtu, razumne.
Therefore, the forecasts of the restructuring plan in terms of Cyprus Airways' results appear plausible, having regard to the other rationalisations carried out by the company.
Zato se zdijo napovedi načrta za prestrukturiranje v smislu rezultatov družbe Cyprus Airways verjetne ob upoštevanju drugih racionalizacij, ki jih je družba izvedla.
In the light of the above-mentioned factors, the Commission considers that Cyprus Airways will be able to find its financial viability within a reasonable time, as foreseen by the business plan.
Na podlagi navedenih dejavnikov Komisija meni, da bo družba Cyprus Airways sposobna obnoviti svojo finančno sposobnost v razumnem času, kot je predvideno v poslovnem načrtu.
The R & R guidelines also provide (point 38 thereof) that ‘In order to ensure that the adverse effects on trading conditions are minimized as much as possible, so that the positive effects pursued outweigh the adverse ones, compensatory measures must be taken.
Smernice za reševanje in prestrukturiranje prav tako določajo (točka 38), da je „treba […] sprejeti ukrepe (‚izravnalni ukrepi‘), ki bodo čim bolj zmanjšali škodljive učinke na pogoje poslovanja, tako da bodo manjši od želenih pozitivnih učinkov.
Otherwise, the aid will be regarded as‘ contrary to the common interest’ and therefore incompatible with the common market.’
V nasprotnem primeru bo pomoč ‚v nasprotju s skupnimi interesi‘ in zato nezdružljiva s skupnim trgom“.
It is further specified (point 39) that ‘These measures may comprise divestment of assets, reductions in capacity or market presence and reduction of entry barriers on the markets concerned.
Nadalje določajo (točka 39), da lahko „ti ukrepi […] vsebujejo prenos sredstev, zmanjševanje zmogljivosti ali prisotnosti na trgu in zmanjševanje vstopnih ovir na zadevnih trgih.
When assessing whether the compensatory measures are appropriate the Commission will take account of the market structure and the conditions of competition to ensure that any such measure does not lead to a deterioration in the structure of the market’…
Pri presojanju ustreznosti ukrepov bo Komisija upoštevala strukturo trga in pogoje konkurence in s tem preprečila, da bi kateri od teh ukrepov povzročil poslabšanje strukture trga“.
The Commission must therefore examine the restructuring and determine if sufficient measures have been taken in relation to Cyprus Airways and the Cyprus Airways group so as to minimise the distortive effect of the aid.
Komisija mora zato preveriti prestrukturiranje in ugotoviti, ali so bili sprejeti zadostni ukrepi v zvezi z družbo Cyprus Airways in skupino Cyprus Airways, da se zmanjša učinek izkrivljanja pomoči.
At the end of 2004 the company initiated what was called an ‘action plan’and began by reducing its fleet by two aircraft one of which was subsequently wet-leased to Eurocypria and gave up a number of routes previously served by it being Warsaw, Budapest and Colombo.
Konec leta 2004 je družba začela izvajati tako imenovani „akcijski načrt“; najprej je zmanjšala svojo floto za dve letali, od katerih je bilo nato eno skupaj s posadko oddano v najem družbi Eurocypria, in ukinila lete v nekatera mesta, in sicer Varšavo, Budimpešto in Kolombo.
In this framework, the fleet of the airline was reduced by one aircraft at the end of 2004; at the time of the implementation of the restructuring plan Cyprus Airways operated 10 aircraft (2 A319, 6 A320-200 and 2 A330-200) and wet-leased out a further A320-200 to Eurocypria, this wet lease arrangement was brought to an end at the end of the 2006 summer season.
Tako je bila ob koncu leta 2004 flota letalske družbe manjša za eno letalo; med izvajanjem načrta za prestrukturiranje je družba Cyprus Airways letela z 10 letali (2 letali A319, 6 letal A320-200 in 2 letali A330-200) ter družbi Eurocypria skupaj s posadko oddala v najem eno letalo A320-200, ta dogovor o najemu skupaj s posadko je bil ob koncu poletne sezone leta 2006 prekinjen.
In addition, the Commission notes that air traffic growth prospects range from 3,5 to 4,3 % per annum on average over the years 2005-2010, while Cyprus airways projections foresee a growth of 2,4 % per annum, which will lead to a market share decrease from 26,6 % to at most 23,2 % over the period.
Poleg tega Komisija ugotavlja, da bo po napovedih povprečna rast zračnega prometa od 3,5 % do 4,3 % na leto v obdobju od leta 2005 do leta 2010, medtem ko napovedi družbe Cyprus Airways predvidevajo 2,4-odstotno rast na leto, kar bo v tem obdobju povzročilo zmanjšanje tržnega deleža s 26,6 % na skoraj 23,2 %.
The Commission can accept that any further reduction in the size of the fleet or market share would risk jeopardising the possibilities of the airline to recover without providing any meaningful market opportunities for competitors.
Komisija se strinja, da bi lahko vsako dodatno zmanjšanje flote ali tržnega deleža ogrozilo možnosti letalskega prevoznika, da si opomore, ne da bi se pri tem konkurentom omogočile kakršne koli pomembnejše tržne priložnosti.
In the opening of procedure the Commission specifically invited observations of interested third parties in this regard; no comments on this issue were received.
Na začetku postopka je Komisija povabila zlasti zainteresirane tretje strani, naj predložijo svoja mnenja v zvezi s tem, vendar ni prejela nobenih pripomb na to temo.
In addition, the Commission underlines that the R & R Guidelines (point 55) provide that as ‘Economic and social cohesion (are) a priority objective of the Community…the Commission must take the needs of regional development into account when assessing restructuring aid in assisted areas’.
Poleg tega Komisija poudarja, da smernice za reševanje in prestrukturiranje (točka 55) določajo, da „ker je gospodarska in socialna kohezija prioritetni cilj Skupnosti […], mora Komisija pri ocenjevanju pomoči za prestrukturiranje v področjih, ki prejemajo podporo, upoštevati potrebe regionalnega razvoja“.
It is further provided (point 56) that in ‘assisted areas … the conditions for authorising aid may be less stringent as regards the implementation of compensatory measures and the size of the beneficiary's contribution’.
Nadalje določajo (točka 56), da so „na območjih, ki prejemajo podporo, […] lahko pogoji za odobritev pomoči manj strogi glede izvajanja izravnalnih ukrepov in višine prispevka upravičenca“.
In this context it should be recalled that for the period between 1 May 2004 and 31 December 2006 the whole of Cyprus was eligible under the derogation of Article 87(3)(c) of the EC Treaty.
V zvezi s tem je treba opozoriti, da je v obdobju med 1. majem 2004 in 31. decembrom 2006 celoten Ciper izpolnjeval pogoje na podlagi odstopanja od člena 87(3)(c) Pogodbe ES.
For the period 2007-2013 two regions covering together 50 % of the Cypriot population should be eligible to receive regional investment aid under the derogation of Article 87(3)(c) of the EC Treaty at an aid intensity of 15 %.
Za obdobje od leta 2007 do leta 2013 morata biti dve regiji, ki skupaj obsegata 50 % prebivalstva Cipra, upravičeni do prejemanja regionalne pomoči za naložbe na podlagi odstopanja od člena 87(3)(c) iz Pogodbe ES s intenzivnostjo pomoči 15 %.
Furthermore, Cyprus exhibits a number of territorial, and, therefore permanent, characteristics which impact on its socio-economic development.
Poleg tega kaže Ciper številne ozemeljske in zato trajne značilnosti, ki vplivajo na njegov družbeno-gospodarski razvoj.
Cyprus's southern peripherality results in direct problems with respect to accessibility to the rest of the European Union and as a result the country is extensively dependent on air and sea transport, but particularly on air transport.
Zaradi lege na skrajnem jugu EU ima Ciper otežen dostop do preostale Evropske unije, zaradi česar je država zelo odvisna od pomorskega in zlasti zračnega prometa.
This is important as in the case of Cyprus, air travel is the only viable means of business passenger transport.
To je pomembno, ker je v primeru Cipra zračni promet edino možno sredstvo za prevoz v poslovne namene.
Eurostat statistics for 2003 which calculate the so called ‘air dependency’ of an economy demonstrate that Cyprus is the most highly dependent Member State on air travel.
Na podlagi statističnih podatkov Eurostata za leto 2003, ki prikazujejo stopnjo odvisnosti gospodarstva od zračnega prometa, je Ciper od vseh držav članic najbolj odvisen od zračnega prometa.
In this regard and having regard to the particularities of the air transport market in Cyprus and on the basis that Cyprus Airways has already reduced its fleet and that the former subsidiary Eurocypria will now operate as a legally and financially independent business outside of the ownership and control of Cyprus Airways the Commission can conclude that sufficient compensatory measures have been proposed by the Cypriot authorities to address the market distortions that will be occasioned by the restructuring.
Glede na to in ob upoštevanju posebnosti trga zračnega prometa na Cipru ter ker je družba Cyprus Airways že zmanjšala svojo floto in bo njena nekdanja hčerinska družba Eurocypria zdaj delovala kot pravno in finančno neodvisno podjetje, ki ne bo več v lasti in pod nadzorom družbe Cyprus Airways, Komisija ugotavlja, da so ciprski organi predlagali zadostne izravnalne ukrepe, da bi preprečili izkrivljanje trga, ki ga bo povzročilo prestrukturiranje.
Aid must be reduced to the minimum
Pomoč mora biti čim manjša
The R & R guidelines (Point 43) of the guidelines provide that the ‘amount and intensity of the aid must be limited to the strict minimum of the restructuring costs necessary to enable restructuring to be undertaken in the light of the existing financial resources of the company, its shareholders or the business group to which it belongs.
Smernice za reševanje in prestrukturiranje (točka 43) določajo, da morata biti „količina in intenzivnost pomoči […] omejeni na najnižjo vsoto stroškov, potrebnih za prestrukturiranje, ob upoštevanju obstoječih finančnih virov podjetja, njegovih delničarjev ali poslovne skupine, v katero podjetje spada.
Such assessment will take account of any rescue aid granted beforehand’.
Pri takšni oceni se upošteva kakršna koli predhodno dodeljena pomoč za reševanje“.
The Commission considers that this condition is fulfilled.
Komisija meni, da je ta pogoj izpolnjen.
Indeed, on the one hand, as recalled above, the restructuring costs amount to CYP 71,1 million.
Stroški prestrukturiranja, kot je navedeno, znašajo 71,1 milijona CYP.
On the other hand, the revenues used to finance this restructuring include the CYP 55 million loan (partially guaranteed by the State), CYP 13,425 million of sales proceed of Eurocypria, plus around CYP 8,5 million of other resources, coming in particular from the divestment of various assets.
Prihodki, ki se uporabljajo za financiranje tega prestrukturiranja, vsebujejo posojilo 55 milijonov CYP (za katero delno jamči država), 13,425 milijona CYP prihodka iz prodaje družbe Eurocypria in približno 8,5 milijona CYP drugih virov, predvsem iz odprodaje različnih sredstev.
The proceeds of the planned capital increase should not be added to these measures, as it will be used in full to reimburse part of the CYP 55 million loan, and will therefore not increase the total amount of the resources utilised for the restructuring, but only substitute for an equivalent part thereof.
Prihodek načrtovanega povečanja kapitala se ne sme dodati tem ukrepom, ker se bo v celoti porabil za odplačilo dela posojila 55 milijonov CYP in se zato ne doda skupnemu znesku sredstev, uporabljenih za prestrukturiranje, saj bo le nadomestil enakovreden del teh sredstev.
The resources therefore amount in total to around CYP 76,9 million.
Vsa sredstva tako skupaj znašajo približno 76,9 milijona CYP.
The Commission finds this amount acceptable, and concludes that there is no excess of permanent resources in comparison to the corresponding costs, since the major part of the restructuring resources is made up of a loan which will have to be reimbursed by the company out of its own results and therefore does not constitute permanent funding whereas the company has to face definitive restructuring costs.
Komisija meni, da je ta znesek sprejemljiv in ugotavlja, da ni presežka stalnih sredstev v primerjavi z ustreznimi stroški, ker največji del sredstev za prestrukturiranje predstavljajo posojila, ki jih bo morala družba odplačati iz svojih dohodkov, zato ne predstavljajo stalnega financiranja, medtem ko mora družba plačati dokončne stroške prestrukturiranja.
Additionally, the Commission notes that the commitment of the Cypriot authorities to reduce the part of the CYP 55 million loan that will be covered by the government guarantee amounts to a further limitation to the State aid element in comparison to what was initially foreseen.
Razen tega Komisija ugotavlja, da obveza ciprskih organov k zmanjšanju dela posojila 55 milijonov CYP, ki ga bo krilo vladno jamstvo, pomeni dodatno omejevanje elementa državne pomoči v primerjavi s tem, kar je bilo predvideno na začetku.
Level of own contribution
Delež lastnega prispevka
In relation to the level of own contribution the guidelines (point. 43) provide that ‘Aid beneficiaries will be expected to make a significant contribution to the restructuring plan from their own resources, including the sale of assets that are not essential to the firm's survival, or from external financing at market conditions.
V zvezi z deležem lastnega prispevka smernice (točka 43) določajo, da bodo morali „upravičenci do pomoči […] prispevati pomemben delež k načrtu za prestrukturiranje iz lastnih virov, tudi prodajo sredstev ki niso bistvenega pomena za preživetje podjetja, ali iz zunanjega financiranja pri tržnih pogojih.
The guidelines then indicate what level of own contribution would normally be considered as appropriate; for a company the size of Cyprus Airways this rate would be 50 %.
V smernicah je nato navedeno, kolikšen delež lastnega prispevka bi se običajno štel za primernega; za družbo, ki je velika kot družba Cyprus Airways, bi to bilo 50 %.
The Commission has established that the restructuring costs will be approximately CYP 71,1 million.
Komisija je ugotovila, da bodo stroški za prestrukturiranje približno 71,1 milijona CYP.
The amounts which should be considered as own contribution will consist of: at least CYP 4,2 million corresponding to the part of the CYP 14 million capital increase that will be underwritten by the private investors; at least CYP 10 million of the CYP 55 million commercial loan that will be borrowed by the airline on the markets without guarantee or other State intervention; as well as the CYP 8,5 million (as set out in paragraph 53 above) of sales proceeds of various assets.
Zneski, ki jih je treba upoštevati kot lasten prispevek, bodo vključevali: vsaj 4,2 milijona CYP, kar ustreza delu povečanja kapitala v višini 14 milijonov CYP, ki ga bodo vpisali zasebni vlagatelji; vsaj 10 milijonov CYP od 55 milijonov CYP komercialnega posojila, ki ga bo prejela letalska družba na trgih brez kakršnega koli jamstva ali drugega državnega posredovanja; in 8,5 milijona CYP (kot je določeno v odstavku 53) prihodkov iz prodaje različnih sredstev.
The Cyprus authorities also argue that the sale proceeds from the sale of Eurocypria should also be considered as own contribution.
Ciprski organi prav tako trdijo, da je kot lasten prispevek treba upoštevati tudi prihodke iz prodaje družbe Eurocypria.
The practice of the Commission in this regard is that if such a sale takes place at the real value of the assets (independently of the nature of the buyer) it does not constitute State aid to the enterprise selling the assets.
V skladu s prakso Komisije velja, da ne gre za državno pomoč podjetju, ki prodaja sredstva, če se ta sredstva prodajo po dejanski vrednosti (neodvisno od narave kupca).
The sales proceeds of these assets may then be used to finance the restructuring and should be regarded as making up an own contribution.
Prihodki iz prodaje teh sredstev se lahko nato uporabijo za financiranje prestrukturiranja in veljajo za lasten prispevek.
This means that the sales proceeds from the sale of Eurocypria of CYP 13,425 million must also be considered as own contribution.
To pomeni, da je treba prihodek od prodaje družbe Eurocypria 13,425 milijona CYP šteti za lasten prispevek.
This conclusion is further reinforced in the present case by the commitment from the Cypriot authorities and the condition imposed by the Commission that Eurocypria will be effectively run as a separate entity from and a real competing airline with Cyprus Airways.
Ta ugotovitev je v tem primeru dodatno utemeljena z obvezo ciprskih organov in pogojem, ki ga postavlja Komisija, da je Eurocypria popolnoma neodvisna od družbe Cyprus Airways in je njen konkurent.
The Commission can therefore conclude that the requirement to contribute a sufficient amount to the restructuring costs has been met in the present case.
Komisija zato ugotavlja, da je zahteva po prispevanju zadostnega zneska za kritje stroškov za prestrukturiranje v tem primeru izpolnjena.
The Commission further stresses that the restructuring costs are in majority covered by a loan of CYP 55 million, which, even if its has been partly guaranteed by the State, will have to be reimbursed by the company out of its own results, and not by a CYP 55 million State grant.
Komisija nadalje poudarja, da stroške za prestrukturiranje večinoma krije posojilo 55 milijonov CYP, ki ga bo, čeprav zanj delno jamči država, morala družba odplačati iz svojih dohodkov, in ne iz državne subvencije 55 milijonov CYP.
The effort that the company will have to produce in order to cover, over time, the costs of its own restructuring has the same effect as own financing of its restructuring, the only difference being that this effort can be spread over several years thanks to the commercial loan guaranteed by the State
Prizadevanje družbe, ki bo potrebno, da bo sčasoma pokrila stroške lastnega prestrukturiranja, ima enak učinek, kot če bi družba sama financirala prestrukturiranje, edina razlika je, da se zaradi posojila, za katero jamči država, to prizadevanje lahko razporedi na več let.
In the light of the foregoing considerations, the Commission,
Ob upoštevanju navedenega je Komisija –
The restructuring aid granted by Cyprus to Cyprus Airways Public Ltd is deemed to be compatible with the common market pursuant to Article 87(3)(c) of the EC Treaty provided that the conditions laid down in articles 2 to 5 are complied with.
Pomoč za prestrukturiranje, ki jo je Ciper odobril letalski družbi Cyprus Airways Public Ltd., je v skladu s skupnim trgom na podlagi člena 87(3)(c) Pogodbe ES, če so izpolnjeni pogoji iz členov 2 do 5.
Cyprus shall, by 31 December 2007, submit a report to the Commission on the progress of and the management of the restructuring plan.
Ciper do 31. decembra 2007 Komisiji predloži poročilo o napredku in vodenju načrta za prestrukturiranje.
Cyprus shall ensure that Cyprus Airways Public Ltd and Eurocypria are and continue to be operated as fully competing companies.
Ciper zagotovi, da sta družbi Cyprus Airways Public Ltd in Eurocypria popolnoma konkurenčni in to tudi ostaneta v prihodnosti.
Cyprus Airways Public Ltd and Eurocypria shall be run as separate legal entities.
Družbi Cyprus Airways Public Ltd in Eurocypria delujeta kot ločeni pravni osebi.
Neither Cyprus Airways Public Ltd nor Eurocypria shall be allowed to acquire any shareholding in the other and no equivalent capital operation, such as a merger, shall be carried out between both companies.
Družbi Cyprus Airways Public Ltd in Eurocypria ne smeta kupiti poslovnega deleža druge ali izvesti enakovrednega kapitalskega posla, kot je združitev.
All transactions between Cyprus Airways Public Ltd and Eurocypria shall be conducted at arm's length.
Vse transakcije med družbama Cyprus Airways Public Ltd in Eurocypria potekajo na čisto poslovni podlagi.
Paragraph 1 shall apply until either:
Odstavek 1 se uporablja, dokler:
the loan guarantee granted by Cyprus to Cyprus Airways Public Ltd is brought to an end; or
jamstvo, ki ga je Ciper dal letalski družbi Cyprus Airways Public Ltd za najeto posojilo, ne preneha veljati ali
Cyprus no longer has direct or indirect majority participation and/or control in the capital of both companies.
Ciper nima več neposredne ali posredne večinske udeležbe pri kapitalu in/ali nadzora nad kapitalom v obeh družbah.
Cyprus shall ensure that the capital increase to the extent of CYP 14 million (EUR 24,3 million) in Cyprus Airways Public Ltd foreseen for mid-2007 respects the following conditions:
Ciper zagotovi, da se pri povečanju kapitala za 14 milijonov CYP (24,3 milijona CYP) v letalski družbi Cyprus Airways Public Ltd, predvidenem za sredino leta 2007, upoštevajo naslednje pogoje:
the capital increase will not take place until a formal unconditional commitment to underwrite the successful outcome of the operation has been signed by the appointed underwriting commercial bank with the exception of the usual conditions concerning cases of force majeure, acts of war, terrorism and other similar cases;
povečanje kapitala se ne bo izvedlo, dokler komercialna banka, imenovana za vpis primarne izdaje delnic, ne podpiše uradne brezpogojne obveze, da bo jamčila uspešno izvedbo transakcije, pri čemer veljajo običajne izjeme, kot so primeri višje sile, vojna, terorizem in drugi podobni primeri;
the State can only subscribe in the capital increase up to a maximum of 70 % thereof,
država lahko vpiše največ 70 % povečanja kapitala,
the State subscribes the new shares issued on the basis of the same rights and under the same conditions, at the same price as the private investors, without prejudice to the proposed timetable for the underwriting by the bank of the successful completion;
država vpiše nove delnice, izdane na podlagi enakih pravic in pod enakimi pogoji, po isti ceni kot zasebni vlagatelji ne glede na predlagani časovni načrt jamčenja banke za uspešno izvedbo transakcije;
the operation must not be accompanied by any collateral agreement or implicit agreement whereby the State would exonerate the bank from its obligation if the recapitalisation offer was insufficiently subscribed or grant the bank any special discount on the issue price.
transakcije ne sme spremljati noben stranski ali implicitni dogovor, po katerem bi država banko razbremenila obveze v primeru nezadostnega vpisa ponudbe za dokapitalizacijo ali bi banki odobrila kakršen koli posebni popust pri emisijskem tečaju.