natgillin/translations-raw huggingface dataset:
The Commission finds to the extent that the pensions measure contains an aid element, this was unlawfully implemented by the United Kingdom in breach of Article 88(3) of the Treaty.
Komisija ugotavlja, da je do stopnje, do katere pokojninski ukrep vsebuje element pomoči, Združeno kraljestvo to nezakonito izvajalo in tako kršilo člen 88(3) Pogodbe.
However, the Commission finds that aid to be compatible.
Kljub temu pa Komisija meni, da je ta pomoč združljiva.
The Commission finds that the other measures do not constitute State aid,
Komisija ugotavlja, da drugi ukrepi ne pomenijo državne pomoči –
The 2001 loan, the loan facilities and the 2007 shareholder loan do not confer State aid on Royal Mail.
Posojilo iz leta 2001, posojilna sredstva in posojilo delničarja iz leta 2007 ne dodeljujejo državne pomoči družbi Royal Mail.
The pensions measure, to the extent that it contains State aid, is compatible with the common market.
Pokojninski ukrep je do stopnje, do katere vsebuje državno pomoč, združljiv s skupnim trgom.
This Decision is addressed to the United Kingdom of Great Britain and Northern Ireland.
Ta odločba je naslovljena na Združeno kraljestvo Velika Britanije in Severne Irske.
OJ C 91, 26.4.2007, p. 34.
UL C 91, 26.4.2007, str. 34.
OJ C 269, 8.11.2003, p. 23.
UL C 269, 8.11.2003, str. 23.
OJ C 141, 16.6.2006, p. 2.
UL C 141, 16.6.2006, str. 2.
OJ C 80, 13.4.2007 p. 5.
UL C 80, 13.4.2007, str. 5.
OJ L 247, 14.9.2002, p. 27.
UL L 247, 14.9.2002, str. 27.
Royal Mail Holdings plc, Unaudited Interim Report for the half year ended 24 September 2006.
Royal Mail Holdings plc, nerevidirano vmesno poročilo za polletje, ki se je končalo 24. septembra 2006.
The ‘2001 loan’ consists in fact of 20 loans of GBP 25 million each, for which the interest rate is determined according to the date in 1999-2000 of the corresponding drawing on the cash reserves.
„Posojilo iz leta 2001“ je pravzaprav sestavljeno iz 20 posojil po 25 milijonov GBP, za katero je obrestna stopnja določena glede na dan v obdobju med letoma 1999 in 2000, na katerega se je posojilo črpalo iz denarnih rezerv.
These individual loans are referred as ‘tranches’ of the 2001 loan in this decision.
Ta posamezna posojila se v tej odločbi imenujejo „obroki“ posojila iz leta 2001.
The term of the Commission’s reference rates was 5 years under the methodology in effect until 31 December 2007, one year under the Communication adopted at the start of 2008.
Obdobje pri referenčnih obrestnih merah je v skladu z metodologijo, ki se je uporabljala do 31. decembra 2007, trajalo pet let, v skladu z obvestilom, sprejetim na začetku leta 2008, pa eno leto.
Because the loan consists of different tranches for which the rate depends on the date and duration for which the relevant funds were first drawn down from Royal Mail’s reserves (see footnote 6 above), each tranche is subject to a different rate.
Ker je posojilo sestavljeno iz različnih obrokov, za katere je obrestna mera odvisna od datuma in trajanja, za katero so se ustrezna sredstva črpala iz rezerv družbe Royal Mail (glej sprotno opombo 6), ima vsak obrok svojo obrestno mero.
This explains why 5,8 % is an average rate.
Tako je razloženo, zakaj je povprečna obrestna mera 5,8 %.
The relevant Government bond rate was the rate for a bond closest in duration to the tranche in question on the date of drawing.
Ustrezna obrestna mera za vladno obveznico je bila obrestna mera za obveznico, katere trajanje je bilo najbolj podobno trajanju zadevnega obroka na dan črpanja.
One part of the loan facilities had lapsed by this point, so the outstanding facilities were GBP 844 million.
Del posojilnih sredstev je do takrat zapadel, tako so neizplačana sredstva znašala 844 milijonov GBP.
A floating charge is a form of security which does not attach to a particular asset but rather to a class of assets.
Obremenitev vseh sredstev (floating charge) je oblika zavarovanja, ki se ne nanaša na določeno sredstvo, temveč na razred sredstev.
The possibility is mentioned in Regulatory Code of practice 03, published by the UK Pension Regulator, ‘Funding Defined Benefits’, February 2006, paragraph 104.
Ta možnost je navedena v regulativnem zakoniku o delovanju 03 (Regulatory Code of practice 03), ki ga je izdal regulativni organ Združenega kraljestva za pokojnine, „Funding Defined Benefits (financiranje določenih ugodnosti)“, februar 2006, odstavek 106.
However, the UK did not adduce any examples of the possibility being used.
Vendar pa Združeno kraljestvo ni navedlo nobenih primerov uporabe te možnosti.
See for example the Landesbanken cases such as HSH decision NN 71/05, also NN 72/05, NN 19/06 and NN 34/07.
Glej na primer zadeve Landesbanken, kot je odločba HSH NN 71/05, ter odločbe NN 72/05, NN 19/06 in NN 34/07.
The UK insists its public enterprises borrow only from the State.
Združeno kraljestvo vztraja, da lahko njegova javna podjetja jemljejo posojila samo od države.
The Commission does not question this policy in this decision but takes the view that measures should be capable of separate scrutiny.
Komisija v tej odločbi ne dvomi o tej politiki, vendar vztraja pri stališču, da bi ukrepe moralo biti mogoče proučiti posebej.
It would in any case be highly unusual for a market economy investor to be both sole shareholder of a company which is not part of a wider group, such as Royal Mail, and sole banker to the company.
V vsakem primeru bi bilo za vlagatelja v tržnem gospodarstvu zelo nenavadno, da bi bil edini delničar podjetja, ki ni del širše skupine, kot je družba Royal Mail, in hkrati tudi edini bančnik družbe.
For the purposes of these projections the investment included the GBP 300 million of the shareholder loan, since the Commission considered at a certain point of the investigation the possibility that this measure could also be assimilated to equity.
Za namene teh projekcij je naložba vključevala posojilo delničarja v višini 300 milijonov GBP, saj je Komisija v nekem trenutku preiskave proučevala možnost, da bi bilo ta ukrep prav tako mogoče enačiti s kapitalom.
The Commission has finally decided to assess this measure as a loan, as described below.
Komisija se je nazadnje odločila, da bo ta ukrep ocenjevala kot posojilo, kot je opisano v nadaljevanju.
The change of treatment in the table would not alter the Commission’s conclusion as to the market conformity of the pensions escrow account measure.
Spremenjena obravnava v preglednici ne bi spremenila odločitve Komisije v zvezi s skladnostjo ukrepa pokojninskega depozitnega računa s trgom.
The Pensions Regulator: The regulator’s statement, May 2006, ‘How the Pensions Regulator will regulate the funding of defined benefits’, paragraph 3.16.
The Pensions Regulator (pokojninski regulator): The regulator's statement, May 2006, „How the Pensions Regulator will regulate the funding of defined benefits“, paragraph 3.16 (izjava regulatorja, maj 2006, „Kako bo pokojninski regulator urejal financiranje nekaterih ugodnosti“, odstavek 3.16).
N 55/08 — Germany — GA/ERDF subordinated loans.
N 55/08 – Nemčija – GA/ESRR podrejena posojila.
See also case C 38/05 — Germany — Biria which concerned a ‘silent participation’ assessed under the 1997 reference rate notice.
Glej tudi zadevo C 38/05 – Nemčija – Biria, v kateri je bilo obravnavano „tiho sodelovanje“, ocenjeno v skladu z obvestilom o referenčnih obrestnih merah iz leta 1997.
Commission notice on the method for setting the reference and discount rates (OJ C 273, 9.9.1997, p. 3).
Obvestilo Komisije o načinu določanja referenčnih obrestnih mer in diskontnih stopenj, UL C 273, 9.9.1997, str. 3.
Cases C 38/05, Biria (OJ L 183, 13.7.2007, p. 27); C 38/07, Arbel Fauvet Rail SA (OJ L 238, 5.9.2008, p. 27); C 95/01, Siderurgica Añon (OJ L 311, 26.11.2005, p. 22); C 20/2000, Sniace (OJ L 108, 30.4.2003, p. 35).
Zadeve C 38/05, Biria, UL L 183, 13.7.2007, str. 27; C 38/07, Arbel Fauvet Rail SA, UL L 238, 5.9.2008, str. 27; C 95/01, Siderurgica Añon, UL L 311, 26.11.2005, str. 22; C 20/2000, Sniace, UL L 108, 30.4.2003, str. 35.
Judgment of the Court of First Instance (Second Chamber, extended composition) of 15 September 1998, BP Chemicals Limited v Commission, Case T-11/95, ECR [1998] p. II-3235, paragraphs 170ff.
Sodba Sodišča prve stopnje (drugi razširjeni senat) z dne 15. septembra 1998 v zadevi T-11/95 – BP Chemicals Limited proti Komisiji Evropskih skupnosti. Poročila Evropskega sodišča [1998], str. II-3235, odstavki 170ff.
The United Kingdom has not invoked Article 86(2) of the Treaty as justification for the compatibility of any aid granted to Royal Mail under the pensions measure.
Združeno kraljestvo se ni sklicevalo na člen 86(2) Pogodbe kot podlago za združljivost katere koli od pomoči, odobrene družbi Royal Mail v okviru pokojninskega ukrepa.
OJ L 49, 22.2.2005, p. 9.
UL L 49, 22.2.2005, str. 9.
OJ L 63, 7.3.2008, p. 16.
UL L 63, 7.3.2008, str. 16.
See paragraph 170 of the decision on La Poste.
Glej odstavek 170 odločbe o družbi La Poste.
In response to Commission requests for information, the United Kingdom of Great Britain and Northern Ireland (‘UK’) authorities provided information relevant to the matters raised in the complaint by letters of 25 February 2003 and 13 February 2004, and by email dated 17 December 2003.
Organi Združenega kraljestva Velike Britanije in Severne Irske so v odgovor na zahtevke Komisije za informacije z dopisoma z dne 25. februarja 2003 in 13. februarja 2004 ter e-pošto z dne 17. decembra 2003 predložili informacije v zvezi z vprašanji iz pritožbe.
This information included other Government measures in relation to RM.
Te informacije so vključevale druge vladne ukrepe v zvezi z družbo RM.
In response to Commission requests for information, the UK authorities provided information relevant to the matters raised in the two complaints by letters of 6 October and 31 October 2006.
Organi Združenega kraljestva so v odgovor na zahtevke Komisije za informacije v dopisih z dne 6. oktobra in 31. oktobra 2006 predložili informacije v zvezi z vprašanji, postavljenimi v obeh pritožbah.
By letter of 5 December 2006, they supplemented this information with respect to the measures in favour of POL mentioned at recital 3.
Z dopisom z dne 5. decembra 2006 so te informacije dopolnili z informacijami o ukrepih v korist družbe POL, navedenih v uvodni izjavi 3.
A non-confidential version of the complaint was sent to the UK authorities on 20 November 2006.
Nezaupna različica pritožbe je bila 20. novembra 2006 poslana organom Združenega kraljestva.
The UK authorities provided comments on the complaint by letter of 19 December 2006.
Organi Združenega kraljestva so predložili pripombe k pritožbi z dopisom z dne 19. decembra 2006.
Before 2001, postal activities in the UK were carried out by The Post Office Corporation, a statutory body created by the Post Office Act 1969.
Poštne storitve v Združenem kraljestvu je pred letom 2001 opravljala družba Post Office Corporation, z zakonom določeni organ, ki je nastal z zakonom o pošti iz leta 1969 (Post Office Act 1969).
The assets and liabilities of The Post Office Corporation were transferred to Consignia Holdings (now renamed Royal Mail Holdings plc) and to its subsidiary, Consignia plc (now RM) on 26 March 2001, under the terms of the Postal Services Act 2000.
Sredstva in obveznosti družbe The Post Office Corporation so se v skladu s pogoji zakona o poštnih storitvah iz leta 2000 (Postal Services Act) 26. marca 2001 prenesli na družbo Consignia Holdings (ki je bila zdaj preimenovana v Royal Mail Holdings plc) in njeno odvisno družbo Consignia plc (zdaj RM).
RM has a separate parcels business division, Parcelforce, which was cited as the beneficiary in DP’s complaint of 2002.
RM ima ločeno poslovno enoto Pacelforce, ki se ukvarja s paketi in je bila navedena kot upravičenka v pritožbi družbe DP iz leta 2002.
Parcelforce has its own separate hub and spoke infrastructure.
Parcelforce ima ločeno infrastrukturo pesta in naper (hub and spoke infrastructure).
However, this evidence also appeared to indicate that part of the loan was granted in 1999 and 2000.
Vendar pa so ti dokazi kazali tudi, da je bil del posojila odobren v letih 1999 in 2000.
Not only did this contradict earlier information, but it involved a period when the reference rate was even higher (7,64 % in 2000).
To je ne samo nasprotovalo predhodnim informacijam, temveč je vključilo še obdobje, v katerem je bila referenčna obrestna mera celo višja (7,64 % v letu 2000).
The terms of the loan facilities therefore need to be assessed in the same way as the 2001 loan.
Pogoje odobritve posojilnih sredstev je tako treba obravnavati enako kot pogoje za posojilo iz leta 2001.
It can be noted that these loan facilities were linked to RM’s renewal plan.
Mogoče je omeniti, da so bila ta posojilna sredstva povezana z načrtom za obnovo družbe RM.
The loan and loan facilities had been explicitly linked by the UK authorities to other projects than the provision of such services, namely the overseas acquisitions of RM and the renewal plan adopted in 2003.
Organi Združenega kraljestva posojila in posojilnih sredstev niso povezali z zagotavljanjem teh storitev, ampak izrecno z drugimi projekti – čezmorskimi prevzemi družbe RM in načrtom za obnovitev, sprejetim leta 2003.
The pensions escrow account had similarly not been linked to any service of general economic interest performed by RM.
Podobno tudi pokojninski depozitni račun ni bil povezan z nobeno storitvijo družbe RM, ki ima splošen gospodarski pomen.
In respect of the 2001 loan, DP observed that in January 1999 Royal Mail acquired the German parcel service provider German Parcel GmbH (‘German Parcel’) for EUR 424 million. In the autumn of 1999 German Parcel GmbH became part of newly founded General Logistics System (‘GLS’).
Družba DP je v zvezi s posojilom iz leta 2001 opazila, da je družba Royal Mail januarja 1999 prevzela nemškega ponudnika storitev dostave paketov German Parcel GmbH (v nadaljnjem besedilu: „German Parcel“) za 424 milijonov EUR. Jeseni 1999 je družba German Parcel GmbH postala del novoustanovljene družbe General Logistics System (v nadaljnjem besedilu: „GLS“).
TNT noted from the Royal Mail Group Limited (formerly plc) interim accounts that ‘Royal Mail Group plc is in default of its borrowing facilities with Government, but has received formal waivers from the Department of Trade and Industry, in its capacity as lender’.
Družba TNT je iz vmesnih računovodskih izkazov družbe Royal Mail Group Limited (prej plc) ugotovila, da „družba Royal Mail Group plc ni odplačevala sredstev, ki si jih je izposodila pri vladi, vendar je od ministrstva za trgovino in industrijo v vlogi posojilodajalca prejela uradne oprostitve obveznosti“.
TNT claimed that, given these conditions, no commercial lender would be willing to lend further amounts unless the terms adequately reflected the increased risk of non-payment of interest or non-repayment of capital.
Družba TNT je trdila, da glede na te pogoje noben tržni posojilodajalec ne bi bil pripravljen dati novega posojila, razen če bi posojilni pogoji primerno odražali povečano tveganje neplačila obresti ali neodplačevanja kapitala.
At the same time as negotiating the 2003 debt facilities, however, the UK authorities decided to restate the 2001 GBP 500 million loans in a similar form of document to the 2003 arrangements.
Organi Združenega kraljestva pa so se med pogajanjem o posojilnih sredstvih iz leta 2003 odločili, da znova opredelijo posojila iz leta 2001 v višini 500 milijonov GBP v dokumentu, podobnem dokumentu o dogovorih iz leta 2003.
This new document did not change the amount of the loans, the duration of the loans or the interest rates applicable but, given the overall increase in the company’s indebtedness, the security over the GLS shares given under the new facilities was also extended to cover the 2001 loan.
S tem novim dokumentom se znesek posojila, trajanje posojil ali uporabljene obrestne mere niso spremenili, temveč se je zavarovanje za delnice GLS, ki so bile družbi dane z novim sporazumom, zaradi rastoče zadolženosti družbe razširilo tudi na posojilo iz leta 2001.
At the same time, the loan was secured by a fixed and floating charge over certain of Royal Mail’s assets.
Hkrati je bilo posojilo zavarovano tudi s fiksno obremenitvijo in drsečo obremenitvijo („floating charge“) nekaterih sredstev družbe Royal Mail.
The UK provided further details about the loan facilities made available in 2003.
Združeno kraljestvo je podalo nadaljnje podrobnosti o posojilnih sredstvih, ki so bila dana na voljo leta 2003.
The terms required that the loans be backed by security over certain of the cash deposits held on Royal Mail’s balance sheet and were therefore especially low risk debt justifying a margin of […] [10].
Pogoji so določali, da morajo biti posojila podprta z zavarovanjem nekaterih gotovinskih vlog v bilančnem stanju družbe Royal Mail, zato so bila to posojila z zelo nizko stopnjo tveganja, kar upravičuje stopnjo v višini […] [10].
As noted in the opening decision, these facilities were never used in the period before they were extended or modified in 2007.
Kot je bilo ugotovljeno v odločitvi o začetku postopka, ta sredstva niso bila nikoli uporabljena, dokler niso bila podaljšana ali spremenjena leta 2007.
The Commission did not therefore open the procedure concerning the terms of the loan and this decision does not assess the adequacy of the agreed rate.
Komisija tako ni začela postopka v zvezi s pogoji posojila, poleg tega se v tej odločbi ne ocenjuje primernost dogovorjene obrestne mere.
for the years after 2016/2017 (and accepting that only limited reliance can be placed on projections at that distance) the alternative case generates stronger returns because the pension deficit has been repaid, cancelling out the positive returns in 2013-2016.
alternativna možnost za leta po poslovnem letu 2016/2017 (in ob upoštevanju, da se na projekcije za tako dolgo časovno obdobje lahko zanašamo le delno) ustvarja večje donose, saj je bil pokojninski primanjkljaj poplačan, kar izniči pozitivne donose v letih od 2013 do 2016.
This consideration therefore places even greater weight on the terminal value in the investment case.
Ta premislek tako daje še večjo težo končni vrednosti v primeru z naložbo.
At the time the loan was issued, the UK yield curve was downward sloping as it had been in 1999.
Ko je bilo posojilo odobreno, je krivulja donosa v Združenem kraljestvu padala, saj je bilo odobreno leta 1999.
Although the reference rate was 5,9 %, sterling 15 year interest rate swaps at end March 2007 were at 5,2 %.
Čeprav je bila referenčna obrestna mera 5,9 %, so bile 15-letne menjalne obrestne mere za funt šterling konec marca 2007 5,2 %.
As regards the shareholder loan, the decision to grant this measure took place later than the other 2007 measures.
Kar zadeva posojilo delničarja, je bila odločitev za odobritev tega ukrepa sprejeta pozneje kot odločitve za preostale ukrepe iz leta 2007.
The loan was added to the previously announced finance framework to provide sufficient funding headroom to enable Royal Mail to meet its transformation plan, following a decrease in the projected outturn over the plan period.
Posojilo je bilo vključeno v prej napovedani finančni okvir, da bi zagotovilo dovolj razmika za financiranje za izpolnitev načrta za prestrukturiranje družbe Royal Mail po zmanjšanju pričakovanega donosa v obdobju izvajanja načrta.
In 1969, Royal Mail (then called the Post Office) ceased to be a Government department and became a ‘statutory corporation’, under the Post Office Act 1969.
Družba Royal Mail (takrat Post Office) je leta 1969 prenehala delovati kot vladna služba in je v skladu z zakonom o pošti iz leta 1969 (Post Office Act) postala „z zakonom določeno podjetje“.
Under section 43(1) of the Act, the pension arrangements for Post Office staff were subject to the approval of the Minister for Posts and Telecommunications.
V skladu z razdelkom 43(1) tega zakona so bili pokojninski sistemi za zaposlene v družbi Post Office predmet odobritve ministra za pošto in telekomunikacije.
As already noted, these terms ceased to be available to new members after 2008.
Kakor je že navedeno, ti pogoji novim zavarovancem po letu 2008 niso bili več na voljo.
On average, liabilities in respect of the members who joined the pension scheme before 1987 considerably exceed those of members who joined the scheme on the terms which obtained following the reform of 1987 until the further reform of 2008.
Obveznosti za zavarovance, ki so se pokojninski shemi pridružili pred letom 1987, v povprečju znatno presegajo obveznosti za zavarovance, ki so se shemi pridružili pod pogoji, ki so se uporabljali po reformi leta 1987 in do nove reforme v letu 2008.
The value of those additional liabilities has been quantified at GBP […] per employee.
Znesek teh dodatnih obveznosti je bil preračunan na […] GBP na zaposlenega.
Letter from UK authorities dated 31 October 2006.
Dopis organov Združenega kraljestva z dne 31. oktobra 2006.
A gilt is a UK Government security.
Gilt je vrednostni papir vlade Združenega kraljestva.
The terms of the subordinated loan were negotiated as part of the total package as opposed to a stand-alone facility. The UK stated that the condition under which repayment could take place only after release of the pension escrow was a consequence of the subordinated nature of the loan.
Pogoji podrejenega posojila so bili dogovorjeni kot del celotnega paketa in ne kot samostojno sredstvo.. Združeno kraljestvo je navedlo, da je bil pogoj, pod katerim se lahko izplačilo izvede šele po sprostitvi pokojninskega depozita, posledica podrejene narave posojila.
However, Deloitte’s assessment of this case was that while the pension problem would be effectively addressed in the short term […]. It should be noted that the Commission cannot be sure that this alternative is the ‘best available’ non-invest case, which would of course form the basis of a market economy investor’s assessment.
Vendar pa je pri tem primeru družba Deloitte ocenila, da bo pokojninska težava učinkovito odpravljena kratkoročno […] Opozoriti je treba, da Komisija ne more biti prepričana, da je ta alternativna možnost „najboljši mogoči“ primer brez naložbe, ki bi vsekakor pomenil osnovo ocene vlagatelja v tržnem gospodarstvu.
This is because the inclusion of RM’s pension deficit on the balance sheet (following new accounting rules) results in a negative worth of the company on an accounting basis, placing severe constraints on any extraction of cash in the form of dividends even from […]. In the original Deloitte report submitted by the UK, […].
Vzrok za to je dejstvo, da vključitev pokojninskega primanjkljaja družbe RM v njeno bilančno stanje (v skladu z novimi računovodskimi pravili) vodi do negativne računovodske vrednosti podjetja, zaradi česar začnejo veljati stroge omejitve v zvezi z izplačevanjem denarja v obliki dividend celo iz […] V izvirnem poročilu družbe Deloitte, ki ga je predložilo Združeno kraljestvo, […].
Under these terms, the final pension was determined as function of years of service and final salary. It was thus a ‘defined benefit’ scheme in that the pension level was set by the rules of the scheme.
Pod temi pogoji je bila končna pokojnina določena glede na delovno dobo in končni osebni dohodek Tako je bila to shema z „določenimi pravicami“, saj je bila višina pokojnine določena s pravili sheme.
of 23 July 2009
z dne 23. julija 2009
amending Decision 2008/458/EC laying down rules for the implementation of Decision No 575/2007/EC of the European Parliament and of the Council establishing the European Return Fund for the period 2008 to 2013 as part of the general programme ‘Solidarity and management of migration flows’ as regards Member States’ management and control systems, the rules for administrative and financial management and the eligibility of expenditure on projects co-financed by the Fund
o spremembi Odločbe 2008/458/ES o določitvi pravil za izvajanje Odločbe št. 575/2007/ES Evropskega parlamenta in Sveta o ustanovitvi Evropskega sklada za vračanje za obdobje 2008–2013 v okviru splošnega programa „Solidarnost in upravljanje migracijskih tokov“ glede sistemov upravljanja in nadzora držav članic, pravil za upravno in finančno upravljanje ter upravičenosti izdatkov za projekte, ki jih sofinancira Sklad