natgillin/translations-raw huggingface dataset:
However, it is also reasonable to suppose that only 25 % of the damage suffered by HSY related to its civil activities because the earthquake has damaged HSY’s facilities without distinction between military facilities, civil facilities and facilities used for both types of activities.
Vendar pa je utemeljena tudi predpostavka, da je bilo samo 25 % škode, ki jo je utrpelo podjetje HSY, povezano s civilnimi dejavnostmi, ker je potres poškodoval objekte HSY, ki jih ni mogoče ločiti na vojaške objekte, civilne objekte in objekte, namenjene obema vrstama dejavnosti.
In other words, there is no reason to consider that 100 % of the damage suffered by HSY should be financed by the 25 % of the State guarantee which constitutes State aid.
Z drugimi besedami, nikakršnega razloga ni, da bi bilo treba 100 % škode, ki jo je utrpelo podjetje HSY, financirati iz naslova 25 % državnega poroštva, ki pomeni državno pomoč.
Consequently, only 25 % of the damages can be taken into account when assessing whether the State aid is commensurate with the damages suffered.
Zato je mogoče pri oceni, ali je državna pomoč sorazmerna z nastalo škodo, upoštevati samo 25 % škode.
In conclusion, out of the State aid, an amount equivalent to 25 % of the part of the State guarantee considered commensurate with the damage suffered (such as defined in the previous paragraph) constitutes compatible aid on the basis of Article 87(2) b).
Znesek državne pomoči, ki je enakovreden 2-odstotnemu delu državnega poroštva, ki se šteje za sorazmernega nastali škodi (kot je opredeljeno v prejšnjem odstavku), torej pomeni združljivo pomoč na podlagi člena 87(2)(b).
If the State guarantee is still outstanding, the part of this guarantee which constitutes incompatible aid (i.e. 25 % of the guarantee still outstanding, minus EUR 1,32 million which is compatible) should be immediately rescinded.
Če je državno poroštvo še vedno neporavnano, je treba del tega poroštva, ki pomeni nezdružljivo pomoč (tj. 25 % še neporavnanega poroštva, zmanjšanega za združljivih 1,32 milijona EUR) nemudoma preklicati.
The cancellation of the incompatible guarantee is not sufficient to restore the initial situation.
Preklic nezdružljivega poroštva ne zadostuje za obnovitev izhodiščnega položaja.
Indeed, thanks to the incompatible State guarantee, HSY has had at its disposal during several years a loan which it would otherwise not have received.
Zahvaljujoč nezdružljivemu državnemu poroštvu je podjetje HSY imelo več let na razpolago posojilo, ki ga sicer ne bi moglo dobiti.
In order to recover this additional incompatible aid, the Commission considers that, from the granting of the guaranteed loan until the end of the incompatible State guarantee, an aid equal to the difference between the total cost of the guaranteed loan (interest rate plus guarantee premium paid by HSY) and reference rate for Greece increased by 600 bps must be recovered.
Da bi se ta dodatna nezdružljiva pomoč povrnila, Komisija meni, da je treba za obdobje od odobritve posojila, zavarovanega s poroštvom, do izteka nezdružljivega državnega poroštva povrniti pomoč, ki znaša toliko, kolikor znaša razlika med skupnimi stroški posojila, zavarovanega s poroštvom (obrestna mera, povečana za poroštveno premijo, ki jo je plačalo podjetje HSY) in referenčno obrestno mero za Grčijo, povečano za 600 bazičnih točk.
This amount has to be calculated in respect of the part of the State guarantee which constituted incompatible aid.
Ta znesek je treba izračunati na podlagi dela državnega poroštva, ki pomeni nezdružljivo pomoč.
Loans granted by ETVA in 1997 and 1998 (measure E16)
Posojila, ki jih je banka ETVA odobrila v letih 1997 in 1998 (ukrep E16)
This measure consists of three loans granted by ETVA to HSY in 1997 and 1998.
Ta ukrep vključuje tri posojila, ki jih je banka ETVA odobrila podjetju HSY v letih 1997 in 1998.
It was secured by accounts receivable from the Hellenic Navy.
Zavarovana je bila s terjatvami od grške mornarice.
Second, on 15 October 1997, ETVA granted a credit line of USD 10 million, also to cover HSY’s needs for working capital.
Drugič, 15. oktobra 1997 je banka ETVA odobrila kreditno linijo v višini 10 milijonov USD, prav tako za pokritje potreb podjetja HSY pri obratnih sredstvih.
The loan had an interest rate of LIBOR plus 130 basis points and was secured against accounts receivable from the contract with the Greek Navy.
Obrestna mera za posojilo je bila LIBOR, povečana za 130 bazičnih točk, posojilo pa je bilo zavarovano s terjatvami na podlagi pogodbe, sklenjene z grško mornarico.
On 19 May 1999, ETVA received additional security for the loan through the conveyance of every claim in respect of Programme Agreement 1/97 which HSY had concluded with ISAP for the construction and supply of 125 rail cars.
maja 1999 je banka ETVA prejela dodatno zavarovanje za posojilo prek prenosa vseh terjatev v okviru Sporazuma o programu 1/97, ki ga je podjetje HSY sklenilo s podjetjem ISAP za gradnjo in dobavo 125 železniških vagonov.
The loan was repaid in January 2000.
Posojilo je bilo odplačano januarja 2000.
Third, on 27 January 1998, ETVA granted a credit line of USD 5 million, also with an interest rate of LIBOR plus 130 basis points.
Tretjič, 27. januarja 1998 je banka ETVA odobrila kreditno linijo v višini 5 milijonov USD, prav tako z obrestno mero LIBOR, povečano za 130 bazičnih točk.
The purpose was also to cover HSY’s needs for working capital.
Namen posojila je bil spet pokritje potreb podjetja HSY pri obratnih sredstvih.
No security was provided for this third credit line.
Za to tretjo kreditno linijo ni bilo danega nobenega zavarovanja.
The extension decision indicates that these loans seem to constitute aid, the compatibility of which is doubtful.
V odločbi o podaljšanju postopka je navedeno, da ta posojila očitno pomenijo pomoč, katere združljivost je dvomljiva.
In addition, the fact that the first two loans were secured by receivables from the Hellenic Navy does not automatically entail that these loans are covered by Article 296 of the Treaty.
Poleg tega dejstvo, da sta bili prvi dve posojili zavarovani s terjatvami od grške mornarice, ne pomeni avtomatično, da spadata tudi v okvir člena 296 Pogodbe.
Elefsis submits that given the financial situation of the yard at that moment, no private bank would have provided these loans to HSY.
Podjetje Elefsis trdi, da glede na finančni položaj ladjedelnice v tistem trenutku, teh posojil podjetju HSY ne bi odobrila nobena zasebna banka.
Greece and HSY claim that ETVA obtained adequate security with the conveyance of claims on accounts receivable from the Hellenic Navy.
Grčija in podjetje HSY trdita, da je banka ETVA pridobila ustrezno zavarovanje s prenosom terjatev do grške mornarice.
Greece indicates that the three loans were repaid in full to the lending bank and claims therefore that any unlawful State aid, quod non, was recovered through the repayment.
Grčija navaja, da so bila tri posojila v celoti odplačana banki in trdi, da je bila morebitna nezakonita državna pomoč, kar pa ni bila, povrnjena z odplačilom posojil.
Finally, the Greek authorities assert that, in view of the type of securities provided to the lending bank and the fact that HSY was mainly active in the defence sector, the Commission is not allowed to analyse these measures on the basis of Article 88 of the Treaty but has to use the procedure laid down in Article 298 of the Treaty.
Grški organi trdijo tudi, da Komisija, glede na vrsto zavarovanj, ki so bile zagotovljene banki, ter dejstvo, da je podjetje HSY v glavnem opravljalo dejavnosti v obrambnem sektorju, ne sme analizirati teh ukrepov na podlagi člena 88 Pogodbe, temveč mora uporabiti postopek, ki je določen v členu 298 Pogodbe.
As regards the application of Articles 296 and 298 of the Treaty, the Commission observes that the two credit facilities granted in 1997 were secured by receivables from a military contract.
Kar zadeva uporabo členov 296 in 298 Pogodbe, Komisija ugotavlja, da sta bili dve posojili, odobreni leta 1997, zavarovani s terjatvami na podlagi pogodbe, sklenjene z vojsko.
However, this fact alone does not show that the facilities were granted to finance the execution of these military contracts.
Vendar pa zgolj to dejstvo ne dokazuje, da sta bili posojili odobreni za financiranje izvrševanja teh pogodb, sklenjenih z vojsko.
Greece has not brought forward evidence that there existed a contractual obligation limiting the use of these funds to financing the execution of military contracts.
Grčija ni predložila dokazov o obstoju pogodbenih obveznosti, ki bi omejevale uporabo teh sredstev na financiranje izvrševanja pogodb, sklenjenih z vojsko.
Conversely, Greece indicates that the two loans were granted to cover HSY’s needs for working capital.
Nasprotno, Grčija navaja, da sta bili posojili odobreni za pokritje potreb podjetja HSY pri obratnih sredstvih.
The first Deloitte report confirms that they were granted for working capital purposes and does not indicate that they were assigned to the financing of a particular activity.
Prvo poročilo revizijske hiše Deloitte potrjuje, da sta bili posojili odobreni za namene obratnih sredstev, in ne navaja, da sta bili izdani za financiranje določene dejavnosti.
This is supported by the fact that an additional security related to a civil contract (i.e. contract with ISAP) was granted in respect of the USD 10 million credit facility.
To podpira tudi dejstvo, da je bilo dodatno zavarovanje, povezano s civilno pogodbo (tj. pogodbo s podjetjem ISAP), odobreno v zvezi s posojilom v višini 10 milijonov USD.
The Commission therefore considers that these three loans have financed the yard in its entirety and not only the military activities.
Komisija zato meni, da se je s temi tremi posojili ladjedelnica financirala v celoti in da se niso financirale zgolj njene vojaške dejavnosti.
As indicated in section 3.3 of the present Decision, the Commission considers in such a case that 25 % of the loans have financed the civil activities of HSY, are not covered by Article 296 of the Treaty and can therefore be assessed under State aid rules.
Kot je navedeno v oddelku 3.3 te odločbe, Komisija v takšnem primeru meni, da 25 % posojil, namenjenih za financiranje civilnih dejavnosti podjetja HSY, ne spada na področje uporabe člena 296 Pogodbe in se zato ne more oceniti na podlagi pravil o državni pomoči.
As regards the securities provided — the assignment of accounts receivable from the contract with the Hellenic Navy and with ISAP — the Commission considers that they did not offer a solid protection against losses in case of bankruptcy of HSY.
Kar zadeva zagotovljena zavarovanja – pripis terjatev iz pogodb, sklenjenih z grško mornarico in podjetjem ISAP – Komisija meni, da ta niso ponudila močne zaščite pred izgubami v primeru stečaja podjetja HSY.
Indeed, if HSY would have stopped its operations, the execution of the ongoing contracts with the Navy and with ISAP would have stopped.
Če bi podjetje HSY ustavilo svoje delovanje, bi se dejansko ustavilo tudi izvrševanje veljavnih pogodb, sklenjenih z mornarico in podjetjem ISAP.
Since no product would be delivered to the Navy and to ISAP, they would not be liable to pay the purchase price.
Ker podjetje HSY mornarici in podjetju ISAP ne bi dobavilo nobenih proizvodov, slednji ne bi bili dolžni plačati nakupne cene.
As regards the existence of receivables for products already delivered to the Navy and to ISAP, Greece has not shown, first, that such claims existed, second, that they were collectible and, third, that they represented — on a continuous basis during the life of the loan — an amount sufficiently large to mitigate the risk of losses in case of bankruptcy of HSY.
Kar zadeva obstoj terjatev za proizvode, ki so mornarici in podjetju ISAP že bili dobavljeni, Grčija ni pokazala, da so takšne terjatve obstajale, da so bile izterljive niti da so predstavljale – ves čas trajanja posojila – dovolj visoko vsoto, da bi ublažile tveganje izgub v primeru stečaja podjetja HSY.
As concluded in section 3.1 of the present decision, in 1997 and 1998 private banks would have charged an interest rate amounting to reference rate plus 400 basis points, namely ATHIBOR plus 700 basis points.
Kot je ugotovljeno v oddelku 3.1 te odločbe, bi zasebne banke v letih 1997 in 1998 zaračunale obrestno mero, ki bi bila enaka referenčni obrestni meri, povečani za 400 bazičnih točk, oziroma obrestni meri ATHIBOR, povečani za 700 bazičnih točk.
There exists no reference rate in dollars.
Referenčna obrestna mera v dolarjih ne obstaja.
However, since the reference rate in strong currencies was established by adding a premium of 75 basis points to the interbank rate and since the two loans in dollars had a variable interest rate indexed on LIBOR, the Commission considers coherent with the former approach to calculate the aid amount on the basis of US LIBOR plus 475 basis points (i.e. US LIBOR plus 75 basis points to build the reference rate, plus a risk premium of 400 basis points to reflect the special risk of lending to HSY).
Ker pa je bila referenčna obrestna mera pri trdnih valutah določena s povečanjem premije za 75 bazičnih točk po medbančni stopnji in ker sta dve posojili v dolarjih imeli spremenljivo obrestno mero, vezano na LIBOR, Komisija meni, da je skladno s prejšnjim pristopom treba znesek pomoči izračunati na podlagi obrestne mere US LIBOR, povečane za 475 bazičnih točk (tj. US LIBOR, povečan za 75 bazičnih točk za povečanje referenčne obrestne mere, in povečan za 400 bazičnih točk, ki pomenijo prevzem tveganja posojila, odobrenega podjetju HSY).
On the basis of the foregoing, it appears that the premium charged for these three loans is below the rate which would have been charged by a market economy investor.
Na podlagi navedenega se zdi, da je premija, zaračunana za ta tri posojila, pod stopnjo, ki bi jo sicer zaračunal vlagatelj iz tržnega gospodarstva.
The Commission concludes that the part of these three loans which does not fall under Article 296, namely 25 % of these loans, contains State aid.
Komisija ugotavlja, da del teh treh posojil, ki ne spada v okvir člena 296, in sicer 25 % teh posojil, vsebuje element državne pomoči.
The aid amounts to the difference between the interest rate charged by ETVA and the interest rate which would have been charged by a market economy investor, as defined above.
Znesek pomoči znaša toliko, kolikor znaša razlika med obrestno mero, ki jo je zaračunala banka ETVA, ter obrestno mero, ki bi jo zaračunal vlagatelj iz tržnega gospodarstva, kot je opredeljeno zgoraj.
These three loans were granted to cover HSY’s needs for working capital.
Tri posojila so bila odobrena za namen pokritja potreb podjetja HSY pri obratnih sredstvih.
They therefore constitute operating aid, that is to say, aid granted to finance the operation of the yard in general and not a particular project.
Zato predstavljajo pomoč za tekoče poslovanje, oziroma pomoč, odobreno za financiranje poslovanja ladjedelnice na splošno in ne za določen projekt.
They were granted at a time where aid to the shipbuilding sector was still regulated by Directive 90/684/EEC.
Odobrena so bila v času, ko je pomoč za ladjedelniški sektor še vedno urejala Direktiva 90/684/EGS.
Articles 4 and 5 of this Directive provides that operating aid may be granted to shipbuilding and ship conversion activities, which are both defined in Article 1 of the Directive.
Člena 4 in 5 te direktive določata, da je pomoč za tekoče poslovanje mogoče odobriti za dejavnosti gradnje in predelave ladij, ki so opredeljene v členu 1 direktive.
However, in the years during which the loans were granted, namely 1997 and 1998, HSY did not have such activities.
Vendar v letih, ko so bila ta posojila odobrena, torej v letih 1997 in 1998, podjetje HSY takšnih dejavnosti ni opravljalo.
As underlined by Greece, the loans have been reimbursed.
Kot je Grčija že poudarila, so bila posojila odplačana.
The aid as defined previously has therefore to be recovered for the period from the paying out of the loans to HSY until their reimbursement.
Zgoraj opredeljeno pomoč je torej treba povrniti za obdobje od izplačila posojil podjetju HSY do njihovega odplačila.
Cross-subsidisation between military and civil activities until 2001 (measure E17)
Navzkrižno subvencioniranje vojaških in civilnih dejavnosti do leta 2001 (ukrep E17)
The extension decision indicates that there seems to have existed cross-subsidisation between military and civil activities.
V odločbi o podaljšanju postopka je navedeno, da obstaja možnost navzkrižnega subvencioniranja vojaških in civilnih dejavnosti.
In particular, it describes two cases where, in the framework of military contracts, HSY received large advance payments exceeding its short term needs stemming from the execution of the corresponding contract, such that HSY was able to use this cash to finance other activities.
Opisana sta predvsem dva primera, v katerih je v okviru pogodb, sklenjenih z vojsko, podjetje HSY prejelo visoka predplačila, ki so presegala njegove kratkoročne potrebe, ki so izhajale iz izvrševanja zadevnih pogodb, tako da je lahko podjetje HSY ta denar uporabilo za financiranje drugih dejavnosti.
The extension decision asserts that when documents explicitly refer to the use of funds received for military contracts for ‘other activities’, the Commission is entitled to doubt that these funds are covered by Article 296 and do not constitute State aid in the meaning of Article 87(1).
V odločbi o podaljšanju postopka je navedeno, da lahko v primerih, ko se dokumenti izrecno sklicujejo na uporabo sredstev, prejetih na podlagi pogodb, sklenjenih z vojsko, za druge namene, Komisija upravičeno dvomi, da ta sredstva spadajo na področje uporabe člena 296 in da ne pomenijo državne pomoči v smislu člena 87(1).
The extension decision also recommends the introduction of separate accounts for civil and military activities, in order to avoid that civil activities are financed by State support provided for the military activities.
Odločba o podaljšanju postopka vsebuje tudi priporočilo za uvedbo ločenih računov za civilne in vojaške dejavnosti, da bi se izognili financiranju civilnih dejavnosti z državno podporo, namenjeno za vojaške dejavnosti.
Elefsis asserts that cross-subsidisation is difficult to detect since there is no accounting separation of HSY’s civil and military activities.
Podjetje Elefsis trdi, da je navzkrižno subvencioniranje težko ugotoviti, saj podjetje HSY nima ločenih računov za civilne in vojaške dejavnosti.
Nevertheless, when the activities undertaken by the yard in 2001 are analysed, it turns out that the military activities were limited.
Kljub temu je iz analize dejavnosti, ki so se v ladjedelnici izvajale leta 2001, razvidno, da so bile vojaške dejavnosti omejene.
It is therefore clear that the ‘other activities’ which, according to the Management report, were financed would mainly be civil activities.
Zato je jasno, da „druge dejavnosti“, ki naj bi bile financirane na podlagi Poslovnega poročila, predstavljajo v glavnem civilne dejavnosti.
TKMS/GNSH, which has submitted comments only on this measure and on the following one (measure E18c), considers that Article 296(1)(a) of the Treaty acknowledges that certain restrictions on the disclosure of information can be justified.
Podjetji TKMS/GNSH, ki sta predložili svoje pripombe samo v zvezi s tem in naslednjim ukrepom (ukrep E18c), menita, da člen 296(1)(a) Pogodbe določa, da je nekatere omejitve pri razkritju podatkov mogoče utemeljiti.
Consequently, the Commission cannot require Greece to disclose information which relates, for example, to the exact sums spent on different military projects.
Komisija zato od Grčije ne more zahtevati, da razkrije podatke, ki na primer zadevajo natančne zneske, porabljene za različne vojaške projekte.
Second, TKMS/GNSH asserts that there is no legal basis for asking the separation of accounts between civil and military activities.
Drugič, podjetji TKMS/GNSH trdita, da ni nikakršne pravne podlage za zahtevo po ločevanju računov na civilne in vojaške dejavnosti.
Greece claims that to the extent that the amounts referred to in the complaint were linked to the defence activities of the yard, the procedure initiated by the Commission on the basis of Article 88(2) of the Treaty is erroneous and ultra vires.
Grčija trdi, da je do obsega, do katerega so bili zneski, navedeni v pritožbi, povezani z obrambnimi dejavnostmi ladjedelnice, postopek, ki ga je sprožila Komisija na podlagi člena 88(2) Pogodbe, napačen in pomeni prekoračitev pooblastil.
If the Commission thinks that the measures distorted competition, it should follow the procedure described in Article 298 of the Treaty.
Če Komisija meni, da so ukrepi izkrivljali konkurenco, bi morala ravnati v skladu s postopkom, navedenim v členu 298 Pogodbe.
HSY adds that there is no legal obligation for HSY to keep separate accounts.
Podjetje HSY dodaja, da ni pravno obvezano voditi ločene račune.
No legal basis exists for the Commission request.
Zahteva Komisije nima nikakršne pravne podlage.
In order to establish whether Articles 296 and 298 of the Treaty are applicable, it is necessary to establish the facts.
Da bi se ugotovila veljavnost členov 296 in 298 Pogodbe, je treba najprej ugotoviti dejstva.
According to the documents quoted in the opening decision, during at least several quarters these advance payments were not used for the purpose of executing the military contract concerned.
V skladu z dokumenti, citiranimi v odločbi o sprožitvi postopka, ta predplačila vsaj nekaj trimesečij niso bila uporabljena za namen izvrševanja zadevnih vojaških naročil.
Neither Greece nor HSY has denied the quotes made in the opening decision.
Ne Grčija ne podjetje HSY nista zanikala navedb iz odločbe o sprožitvi postopka.
In addition, HSY’s accounts confirm that HSY has received in 2000 and 2001 advance payments from the Navy far in excess of the funds needed in the short term to finance the execution of the corresponding military contracts.
Poleg tega računi podjetja HSY potrjujejo, da je podjetje HSY v letih 2000 in 2001 od mornarice prejelo predplačila, ki so močno presegala sredstva, potrebna za kratkoročno financiranje izvrševanja zadevnih vojaških naročil.
As regards the application of Articles 296 and 298 of the Treaty, the Commission rejects Greece’s argument that any advance payment paid in the framework of a military contract would automatically fall under Article 296.
Kar zadeva uporabo členov 296 in 298 Pogodbe, Komisija zavrača trditev Grčije, da vsako predplačilo, ki ji je bilo plačano v okviru vojaškega naročila, avtomatično sodi v okvir člena 296.
In particular, in the present case the management of HSY itself acknowledged that some advance payments exceeded by far the amounts needed for the execution of the contracts in the short term and therefore were temporarily used for other purposes.
Zlasti v tem primeru je vodstvo podjetja HSY priznalo, da so nekatera predplačila močno presegla zneske, potrebne za kratkoročno izvrševanje naročil, zato so bila začasno uporabljena za druge namene.
A measure falls in the scope of Article 296 only if Greece considers it to be ‘necessary for the protection of the essential interests of its security which are connected with the production of or trade in arms, munitions and war material’.
Ukrep spada v okvir člena 296 samo, če Grčija meni, da je to „potrebno za zaščito temeljnih interesov njene varnosti, ki so povezani s proizvodnjo orožja, streliva in vojaških sredstev“.
The Commission observes that Greece has not explained why the part of the advance-payments that exceeded the funds necessary to execute the military projects concerned would have contributed to ‘the protection of the essential interests of its security’.
Komisija ugotavlja, da Grčija ni pojasnila, kako naj bi del predplačil, ki so presegala sredstva, potrebna za izvrševanje zadevnih vojaških naročil, lahko prispeval k „zaščiti temeljnih interesov njene varnosti“.
The Commission itself fails to understand why it would be the case since the yard did not need them to produce the war material concerned and did not use them for that purpose.
Komisija ne more razumeti, zakaj bi to bilo tako, saj jih ladjedelnica ni potrebovala za proizvodnjo zadevnih vojaških sredstev, niti jih ni za ta namen uporabila.