natgillin/translations-raw huggingface dataset:
For example, the plan does not show how the envisaged 25 % reduction in vessel production costs over a 5-year period could be achieved.
Načrt na primer ne pokaže, kako bo doseženo načrtovano 25-odstotno znižanje stroškov v proizvodnji plovil v petletnem obdobju.
The credibility of the projection is also undermined by contradictions concerning the planned level of investments.
Verodostojnost projekcij spodkopavajo tudi nasprotujoče si navedbe v zvezi z načrtovano stopnjo naložb.
The Commission is therefore not convinced that the base scenario for the financial projections is credible and based on realistic assumptions.
Komisija zato ne verjame, da je osnovni scenarij za finančne projekcije verodostojen in da temelji na realnih predpostavkah.
There is no analysis testing the sensitivity of these projections to risk factors such as market trends and changes in prices, costs of materials, exchange rates, wages etc. In the absence of a detailed description and justification of the assumptions underlying the financial projections, the financial model used for these projections and a sensitivity analysis, the Commission considers that the credibility of these projections and the robustness of the plan have not been demonstrated.
Ni analize, ki bi testirala občutljivost teh napovedi na dejavnike tveganja, kot so tržni trendi in spremembe cen, stroškov materialov, menjalnih tečajev, plač itd. Zaradi neobstoja podrobnega opisa in utemeljitve predpostavk, ki so podlaga za finančne projekcije, finančni model, uporabljen za te projekcije, in analize občutljivosti, je Komisija mnenja, da verodostojnost teh projekcij in trdnost načrta nista bili izkazani.
Lastly, the Commission notes that the investor makes successful implementation of the restructuring plan contingent on the award of additional State aid.
Komisija nazadnje upošteva, da vlagatelj uspešno izvajanje načrta za prestrukturiranje pogojuje z dodelitvijo dodatne državne pomoči.
In the light of the above, the Commission takes the view that the ability of the June 2008 restructuring plan prepared by PSC to restore the yard’s viability has not been demonstrated.
V luči zgoraj navedenega Komisija meni, da zmožnost načrta za prestrukturiranje iz junija 2008, ki ga je pripravila PSC, za obnovo sposobnosti preživetja ladjedelnice, ni bila dokazana.
In the absence of a realistic and far-reaching restructuring plan, the Commission concludes that the aid granted to Gdynia Shipyard described in recitals 209-232 is purely operating aid which is incompatible with the common market as restructuring aid.
Zaradi neobstoja realnega in daljnosežnega načrta za prestrukturiranje Komisija sklepa, da je pomoč za ladjedelnico Gdynia, opisana v uvodnih izjavah 209 do 232, izključno pomoč za tekoče poslovanje, ki ni združljiva s skupnim trgom kot pomoč za prestrukturiranje.
Aid limited to the strict minimum
Pomoč, omejena na najnižjo vsoto
Pursuant to point 43 of the Guidelines, aid must be limited to the strict minimum, i.e. the costs necessary to carry out restructuring.
V skladu s točko 43 Smernic mora biti pomoč omejena na najnižjo vsoto, tj. na stroške, potrebne za izvedbo prestrukturiranja.
The recipient is expected to make a significant contribution to the financing of restructuring using its own resources or external financing at market rates.
Od prejemnika se pričakuje, da bo znatno prispeval k financiranju prestrukturiranja, in sicer s pomočjo lastnih sredstev ali zunanjega financiranja po tržnih stopnjah.
This contribution demonstrates the market’s belief that the company’s viability can be restored and it ensures that State aid is limited to the minimum necessary.
Ta prispevek kaže zaupanje trga v to, da je sposobnost preživetja podjetja mogoče obnoviti, in zagotavlja, da je državna pomoč omejena na najnižjo potrebno vsoto.
In the case of large enterprises, such as Gdynia Shipyard, this contribution should amount to at least 50 % of the restructuring costs.
V primeru velikih podjetij, kakršna je ladjedelnica Gdynia, bi moral biti ta prispevek najmanj 50 % stroškov za prestrukturiranje.
The own contribution must be real, which excludes expected profits and cash flow (point 43 of the Guidelines).
Lastni prispevek mora biti realen, kar izključuje pričakovane dobičke in denarni tok (točka 43 Smernic).
The Commission assessed whether the 2006 restructuring plan met this criterion and concluded that it did not, for two reasons.
Komisija je ocenila, ali je načrt za prestrukturiranje 2006 izpolnil ta pogoj, in ugotovila, da ga ni, in sicer iz dveh razlogov.
First, the plan was based on continuous state financing in the form of guarantees, capital injections and debt waivers and it did not demonstrate that this level of State aid was necessary to restore the yard to viability (in particular that alternative restructuring strategies requiring a lower level of State intervention could not be pursued).
Prvič, načrt je temeljil na stalnem financiranju s strani države v obliki jamstev, dokapitalizacije in odpisa dolgov ter ni dokazal, da je ta raven državne pomoči potrebna za obnovo sposobnosti preživetja ladjedelnice (zlasti, da drugih strategij za prestrukturiranje, ki zahtevajo nižjo raven državne intervencije, ni mogoče uresničiti).
Second, the own contribution was very limited and the entry of an investor which could provide external financing at market rates was merely a potential future event.
Drugič, lastni prispevek je bil zelo omejen in vstop vlagatelja, ki bi lahko zagotovil zunanje financiranje po tržnih stopnjah, je bil zgolj možen dogodek v prihodnosti.
The own contribution could have included measures such as participation in a share capital increase by the management, a debt-for-equity swap by private creditors and the sale of assets.
Lastni prispevek bi lahko vključeval ukrepe, kot je udeležba pri povečanju delniškega kapitala s strani uprave, zamenjava dolga za kapital s strani zasebnih upnikov in prodaja premoženja.
Together these measures contributed some PLN 127 million to the restructuring of the company.
Skupaj so ti ukrepi k prestrukturiranju podjetja prispevali okoli 127 milijonov PLN.
Considering the substantial involvement of the State, however, even if these measures had been qualified as an own contribution within the meaning of the Guidelines, this contribution would not have been significant.
Vendar pa ob upoštevanju velike udeležbe države ta prispevek ne bi bil velik, četudi bi bili ti ukrepi označeni kot lastni prispevek v smislu Smernic.
The Commission also looked at the situation in the yard over the last few years in isolation from the 2006 restructuring plan, which, after all, had not been implemented.
Komisija je obravnavala tudi stanje v ladjedelnici v zadnjih nekaj letih ločeno od načrta za prestrukturiranje 2006, ki pa nenazadnje sploh ni bil izveden.
First, the above description of the situation at Gdynia Shipyard shows that the yard has not been able to attract virtually any external financing for its restructuring.
Prvič, zgornji opis stanja v ladjedelnici Gdynia kaže, da ladjedelnica ni mogla pridobiti zunanjega financiranja za prestrukturiranje.
There are few signs of external participation under market conditions in the yard’s activities.
V dejavnostih ladjedelnice je zelo malo znakov o zunanji udeležbi pod tržnimi pogoji.
The yard has managed to negotiate some restructuring of its commercial liabilities, in particular in the restructuring agreement concluded in July 2003 [74], which concerned liabilities of some PLN 424 million and the debt-for-equity swap by commercial creditors of some PLN 70 million.
Ladjedelnica je uspešno izpogajala prestrukturiranje nekaj komercialnih obveznosti, zlasti v sporazumu o prestrukturiranju, sklenjenem julija 2003 [74], ki se je nanašal na obveznosti v višini okoli 424 milijonov PLN in zamenjavo dolga za kapital s strani komercialnih upnikov v višini okoli 70 milijonov PLN.
At the same time, however, Gdynia Shipyard faces numerous enforcement proceedings and litigations.
Hkrati pa se ladjedelnica Gdynia sooča s številnimi postopki izvršbe in drugimi sodnimi postopki.
The Commission also notes that the value of accumulated public-law liabilities as at 30 September 2007 was PLN 423 million.
Komisija tudi upošteva, da je bil znesek akumuliranih obveznosti po javnem pravu na dan 30. septembra 2007 423 milijonov PLN.
The Commission takes the view that the 2003 restructuring agreement could be considered as an own contribution only if the creditors involved accepted a longer than normal deadline for repayment; in that case additional resources could be made available to the company for restructuring and the extension of the deadline for repayment would constitute a sign that the market regarded it as feasible that the yard would be restored to viability.
Komisija meni, da je mogoče sporazum o prestrukturiranju iz leta 2003 obravnavati kot lastni prispevek samo, če so udeleženi upniki sprejeli daljši rok za poplačilo od običajnega; v tem primeru bi podjetje imelo na voljo dodatne vire za prestrukturiranje, podaljšanje roka za poplačilo pa bi pomenilo, da trg meni, da je podjetje mogoče obnoviti.
The same applies to the debt-for-equity swap.
Enako velja za zamenjavo dolga za kapital.
However, even if the restructuring agreement were considered as constituting an own contribution, the Commission observes that this contribution would clearly not be sufficient within the meaning of the Guidelines.
Vendar pa Komisija meni, da četudi bi bil sporazum o prestrukturiranju označen kot lastni prispevek, ta prispevek očitno ne bi zadoščal v smislu Smernic.
The level of restructured commercial liabilities is equal to that of unenforced public-law liabilities.
Raven prestrukturiranih komercialnih obveznosti je enaka ravni neizvršenih obveznosti po javnem pravu.
Clearly, the yard would have to bear restructuring costs other than the costs of debt restructuring.
Jasno je, da bi ladjedelnica morala kriti stroške za prestrukturiranje, razen stroškov prestrukturiranja dolgov.
Poland and the recipient argued after the formal investigation was opened that advance payments from shipowners should be treated as own contributions.
Poljska in prejemnica sta po sprožitvi formalne preiskave navajali, da bi bilo treba predplačila lastnikov ladij obravnavati kot lastni prispevek.
The Commission cannot accept this argument.
Komisija ne more sprejeti tega argumenta.
The Guidelines state that the own contribution must not contain any aid, which is not the case, for instance, where a loan is backed by government guarantees containing elements of aid (footnote 1 to point 44 of the Guidelines).
Smernice navajajo, da lastni prispevek ne sme vsebovati pomoči, kar pa ne velja, če je na primer posojilo zavarovano z jamstvi vlade, ki vsebujejo elemente pomoči (opomba 1 k točki 44 Smernic).
The advance payments were backed in full by guarantees from the Export Credit Insurance Corporation which, as explained above, the Commission regards as constituting State aid.
Predplačila so bila v celoti zavarovana z jamstvi izvozno-kreditne agencije, ki jih, kot je pojasnjeno zgoraj, Komisija šteje za državno pomoč.
Advance payments from shipowners therefore cannot be considered as external financing at market rates.
Predplačila lastnikov ladij zato ne morejo biti označena kot zunanje financiranje po tržnih stopnjah.
It follows that Poland’s initial claim that aid intensity equalled 31 %, based on the assumption that advance payments covered by guarantees from the Export Credit Insurance Corporation constituted an own contribution, cannot be accepted.
Iz tega sledi, da prvotne trditve Poljske, da je intenzivnost pomoči 31 %, na podlagi predpostavke, da predplačila, zavarovana z jamstvi izvozne-kreditne agencije, pomenijo lastni prispevek, ni mogoče sprejeti.
The Commission also notes that Ray Car Carriers entered the shareholding structure of Gdynia Shipyard by way of a debt-for-equity swap and therefore did not contribute to the restructuring costs.
Komisija tudi upošteva, da je Ray Car Carriers vstopil v lastniško strukturo ladjedelnice Gdynia preko zamenjave dolga za kapital in zato ni prispeval k stroškom za prestrukturiranje.
When considering the expected restructuring costs of PLN 3 billion and comparing them with the expected sources of financing, the Commission notes a financing gap in the plan as shown by Table 5 below.
Pri obravnavi pričakovanih stroškov za prestrukturiranje v višini 3 milijarde PLN in v primerjavi s pričakovanimi viri financiranja Komisija v načrtu opaža finančno vrzel, kar je prikazano v spodnji razpredelnici 5.
Naturally, the working capital loans of PLN 280 (item 14 of Table 1b) and PLN 45 million (item 16 of Table 1b), as well as working capital loans from the State of PLN 250-350 million are not included here because they are earmarked to finance working capital, which was not included in restructuring costs.
V razpredelnico seveda niso vključena posojila za gibljiva sredstva v višini 280 milijonov PLN (postavka 14 v razpredelnici 1b) in 45 milijonov PLN (postavka 16 v razpredelnici 1b), prav tako pa tudi ne posojila za gibljiva sredstva države v višini 250 do 350 milijonov PLN, saj so namenjena financiranju gibljivih sredstev, ki ni bil vključen v stroške za prestrukturiranje.
The same applies to the Industrial Development Agency capital injection (PLN 200 million).
Enako velja za dokapitalizacijo s strani Industrijske razvojne agencije (200 milijonov PLN).
The outstanding payment for the Industrial Development Agency shares in Gdańsk Shipyard (item 17 of Table 1b) cannot be considered as a financing source for restructuring the new yard as it is a payment to the Industrial Development Agency, not to the yard.
Neporavnanega plačila za delnice Industrijske razvojne agencije v ladjedelnici Gdynia (postavka 17 v razpredelnici 1b) ni mogoče označiti kot finančni vir za prestrukturiranje nove ladjedelnice, saj gre za plačilo Industrijski razvojni agenciji in ne ladjedelnici.
Expected financing sources for anticipated restructuring costs
Pričakovani finančni viri za predvidene stroške prestrukturiranja
Capital injection by ISD Polska
Dokapitalizacija ISD Polska
Investment loan
Investicijsko posojilo
Capital injection by the State
Dokapitalizacija s strani države
Total expected restructuring costs
Pričakovani stroški za prestrukturiranje skupaj
Financing gap
Finančna vrzel
In the light of this financing gap, the Commission concludes that the joint restructuring plan does not secure the financing of the restructuring.
V luči te finančne vrzeli Komisija sklepa, da skupni načrt za prestrukturiranje ne zagotavlja financiranja prestrukturiranja.
In other words, the plan does not show how the planned restructuring could effectively be implemented, even if substantial additional State aid were granted to the yard.
Z drugimi besedami, načrt ne pokaže, kako bi bilo mogoče učinkovito izvesti načrtovano prestrukturiranje, četudi bi bila ladjedelnici dodeljena znatna dodatna državna pomoč.
The September joint restructuring plan identifies certain items of revenue in the past as own contributions of Gdynia Shipyard and Gdańsk Shipyard to their restructuring (Table 1b ‘Alleged own contribution realised in the past’).
Septembrski skupni načrt za prestrukturiranje opredeljuje določene vrste prihodkov v preteklosti kot lastne prispevke ladjedelnic Gdynia in Gdańsk k prestrukturiranju (razpredelnica 1b „Domnevni prejšnji lastni prispevek“).
Although some of this revenue (e.g. some of the assets sales) could have been qualified as own contributions within the meaning of the Guidelines (real, actual and free of State aid), the Commission considers, in view of the precarious financial situation of the two yards, that this additional revenue was used to reduce losses and could not have been used for genuine restructuring.
Čeprav bi nekaj tega prihodka (npr. nekaj prodaje sredstev) lahko označili kot lastni prispevek v smislu Smernic (realen, dejanski in brez državne pomoči), pa Komisija v luči negotovega finančnega stanja obeh ladjedelnic meni, da je bil ta dodatni prihodek uporabljen za zmanjšanje izgub in ga ne bi bilo mogoče uporabiti za resnično prestrukturiranje.
Even if the yard were able to implement some restructuring measures (such as minor investments) thanks to, for example, divestiture of assets, the Commission considers that any such revenues would not qualify as free of State aid, because the restructuring and functioning of the yards was possible only by virtue of continuous accumulation of public-law debt, the possibility of continuing loss-making economic activities and ongoing State support.
Četudi bi ladjedelnica uspela izvesti nekaj ukrepov za prestrukturiranje (kot so manjše naložbe) na primer na podlagi odsvojitve premoženja, Komisija meni, da takšni prihodki ne bi bili brez državne pomoči, saj sta bila prestrukturiranje in delovanje ladjedelnic mogoča le s pomočjo nenehnega akumuliranja dolgov po javnem pravu, z možnostjo ohranjanja gospodarskih dejavnosti, ki prinašajo izgubo, in s stalno državno podporo.
In any case, considering the financial situation of the yard it is clear that any past revenue from the yard’s own resources or external sources have been used to fund the operations of the yard in the past.
V vsakem primeru je ob upoštevanju finančnega stanja ladjedelnice jasno, da je bil prihodek iz lastnih sredstev ladjedelnice ali zunanjih virov uporabljen za financiranje poslovanja ladjedelnice v preteklosti.
In addition, the Commission cannot accept the following items of the alleged planned own contribution.
Poleg tega Komisija ne more sprejeti naslednjih postavk domnevnega načrtovanega lastnega prispevka.
First, as mentioned above, the working capital loans of PLN 280 million (item 14 of Table 1b) were not earmarked to cover any of the expected restructuring costs described above but were specifically intended to finance working capital for ongoing production.
Prvič, kot je omenjeno zgoraj, posojila za gibljiva sredstva v višini 280 milijonov PLN (postavka 14 v razpredelnici 1b) niso bila določena za kritje pričakovanih stroškov za prestrukturiranje, opisanih zgoraj, temveč so bila posebej namenjena za financiranje gibljivih sredstev za neprekinjeno proizvodnjo.
In addition, these loans cannot be considered as real and actual, but rather as potential and remote in time.
Teh posojil ni mogoče označiti za realna in dejanska, temveč za potencialna in časovno oddaljena.
The same applies to the working capital loan of PLN 45 million for non-shipbuilding production (item 16 of Table 1b).
Enako velja za posojilo za gibljiva sredstva v višini 45 milijonov PLN za neladjedelniško proizvodnjo (postavka 16 v razpredelnici 1b).
Second, the investment loan of PLN 185 million for non-shipbuilding production (item 15 of Table 1b) cannot be regarded at this stage as real and accessible.
Drugič, investicijskega posojila v višini 185 milijonov PLN za neladjedelniško proizvodnjo (postavka 15 v razpredelnici 1b) v tej fazi ni mogoče označiti kot realnega in dostopnega.
Poland explained in its clarifications of 7 July 2008 that ISD Polska was in talks with several banks with a view to obtaining this loan.
Poljska je v pojasnilih z dne 7. julija 2008 pojasnila, da se ISD Polska dogovarja z več bankami z namenom pridobiti to posojilo.
The Commission examined two expressions of interest submitted with the September restructuring plan.
Komisija je proučila dve pismi o interesu, ki sta bili priloženi septembrskemu načrtu za prestrukturiranje.
On that basis, the Commission cannot conclude that the plan has demonstrated that the investment loan is real and actual.
Na tej podlagi Komisija ne more zaključiti, da je načrt dokazal, da je investicijsko posojilo realno in dejansko.
The plan only showed that ISD Polska was conducting talks with two banks, one of which seemed to be interested in analysing the project.
Načrt je samo pokazal, da se ISD Polska dogovarja z dvema bankama, od katerih naj bi se ena zanimala za analizo projekta.
The fact that ISD Polska started work on this project at the beginning of 2007, when it acquired a stake in Gdańsk Shipyard, and has so far failed to secure financing for that purpose is a significant indication.
Dejstvo, da se je ISD Polska tega projekta lotila v začetku leta 2007, ko je v ladjedelnici Gdańsk pridobila delež, in da doslej ni bila uspešna pri pridobivanju financiranja v ta namen, je pomembnem kazalec.
Third, the Commission notes that the September plan indicates the individual components of the asset sale with a view to generating an own contribution of PLN 240 million (item 13 of Table 1b).
Tretjič, Komisija upošteva, da septembrski načrt navaja posamezne komponente prodaje sredstev z namenom ustvariti lastni prispevek v višini 240 milijonov PLN (postavka 13 v razpredelnici 1b).
In addition, neither ISD Polska nor Gdynia Shipyard currently has the right to dispose of the principal component of these assets (the land on which the slipways at Gdańsk Shipyard are located).
Poleg tega ISD Polska in ladjedelnica Gdynia nimata pravice odsvojiti glavne komponente teh sredstev (zemljišča, na katerem se nahajajo operativne površine v ladjedelnici Gdańsk).
At present there are clear obstacles of a legal nature (the need for Gdynia Shipyard to acquire ownership rights to this land, which is fundamentally linked to the dissolution of Synergia 99, in which Gdynia Shipyard is just one of the shareholders; administrative proceedings on the boundaries of the Gdańsk port) and of a practical nature (the land could be sold only after the three slipways had been disassembled and probably only after the site had been cleaned) that prevent Gdynia Shipyard and ISD Polska from selling these assets.
Trenutno obstajajo jasne ovire pravne narave (ladjedelnica Gdynia mora pridobiti lastninske pravice nad tem zemljiščem, kar pa je močno povezano s prenehanjem poslovanja podjetja Synergia 99, v katerem je ladjedelnica Gdynia samo ena od delničarjev; upravni postopki glede meja pristanišča Gdańsk) in praktične narave (zemljišče je mogoče prodati šele, ko se razstavijo tri operativne površine, in verjetno šele po tem, ko je prostor očiščen), te pa ladjedelnici Gdynia in ISD Polska preprečujejo prodajo tega premoženja.
In addition, as explained by the investor, the estimated high revenue from the land sale can be achieved only once a change in the conditions for planning permission has been secured [75].
Kot je pojasnil vlagatelj, bo ocenjeni visok prihodek od prodaje mogoče doseči šele, ko bo zagotovljena sprememba v pogojih za dovoljenje za načrtovanje [75].
The September plan shows that Synergia 99 as the current owner of this plot has not yet taken administrative action to exclude this land from the port area.
Septembrski načrt kaže, da podjetje Synergia 99 kot sedanji lastnik te lokacije še ni sprožil upravnega ukrepa za izključitev tega zemljišča iz območja pristanišča.
Although the September plan explains the components of the Synergia 99 project in detail, its actual implementation remains conditional on various events beyond the control of Gdynia Shipyard or ISD Polska, in particular on changes to the boundaries of the port area.
Čeprav septembrski načrt podrobno pojasnjuje komponente projekta podjetja Synergia 99, pa njegovo dejansko izvajanje ostaja pogojeno z različnimi dogodki, na katere ladjedelnica Gdynia ali ISD Polska nimata vpliva, zlasti s spremembami meja območja pristanišča.
The Commission therefore cannot regard this alleged own contribution as real and actual.
Zato Komisija tega domnevnega lastnega prispevka ne more označiti kot realnega in dejanskega.
ISD has provided an independent evaluation of the land on which the three slipways are located (PLN […] million).
ISD je predložil neodvisno oceno zemljišča, na katerem se nahajajo tri operativne površine ([…] milijonov PLN).
The Commission notes that the assets of Synergia 99 have been evaluated at PLN […] million by the Board of that company.
Komisija upošteva, da je upravni odbor podjetja premoženje podjetja Synergia 99 ocenil na […] milijonov PLN.