natgillin/translations-raw huggingface dataset:
As most of the company’s sales on foreign markets were realised in US dollars and most of its costs incurred in Polish zlotys, the rise in value of the latter currency adversely affected the beneficiary’s sales and profitability.
Ker je bila večina prodaje družbe izvedena v ameriških dolarjih, čeprav je večina stroškov nastala v poljskih zlotih, je povečanje vrednosti poljske valute neugodno vplivalo na prodajo in donosnost upravičenke.
Its debt in the period 2000-2002 averaged PLN 169,1 million (EUR 40,1 million).
Njen dolg v obdobju 2000–2002 je znašal povprečno 169,1 milijona PLN (40,1 milijona EUR).
The company was also operating at a loss.
Poleg tega je družba poslovala z izgubo.
The loss on sales rose from PLN 6,4 million (EUR 1,52 million) in 2000 to PLN 33,9 million (EUR 8,03 million) in 2002.
Izgube iz prodaje so se povečale s 6,4 milijona PLN (1,52 milijona EUR) leta 2000 na 33,9 milijona PLN (8,03 milijona EUR) leta 2002.
The HSW group made net losses of PLN 137,7 million (EUR 32,6 million) in 2002 and PLN 123,9 million (EUR 29,4 million) in 2003.
Skupina HSW je imela leta 2002 137,7 milijona PLN (32,6 milijona EUR), leta 2003 pa 123,9 milijona PLN (29,4 milijona EUR) čiste izgube.
The Commission delivered its decision of 20 December 2006 on the basis of that plan.
Na podlagi tega načrta je Komisija sprejela odločbo z dne 20. decembra 2006.
The plan was updated in November 2007 (‘November Plan’), as a result of which the Commission decided to reinitiate the procedure.
Načrt je bil novembra 2007 spremenjen (v nadaljnjem besedilu: novembrski načrt), zaradi česar se je Komisija odločila za ponovno sprožitev postopka.
February plan
Februarski načrt
One of the principal measures included in the February plan was the modification of the organisational structure of the beneficiary.
Eden od glavnih ukrepov v februarskem načrtu je bila sprememba organizacijske strukture upravičenke.
The main idea of HSW’s restructuring process was to separate that part of the company directly involved in production from the assets to be restructured.
Glavna zamisel v zvezi s prestrukturiranjem družbe HSW je bila ločiti tisti del družbe, ki je neposredno povezan s proizvodnjo, od sredstev, ki naj bi se prestrukturirala.
An independent company, HSW-Trading Sp. z o.o.
Zato je ministrstvo za finance, tj. večinski delničar družbe HSW, ustanovilo neodvisno podjetje HSW-Trading Sp. z o.o.
(hereafter ‘HSW-Trading’), was therefore created by HSW’s majority shareholder — the State Treasury.
(v nadaljnjem besedilu: podjetje HSW-Trading).
The State Treasury gave HSW-Trading a capital injection of PLN 40 million (EUR 9,48 million), which was notified by Poland among the measures granted to HSW (item 16 in Table 2 below).
Ministrstvo za finance je za dokapitalizacijo podjetja HSW-Trading namenilo 40 milijonov PLN (9,48 milijona EUR), kar je Poljska priglasila v okviru dodeljenih ukrepov za družbo HSW (točka 16 v spodaj navedeni tabeli 2).
While HSW-Trading was responsible for production and sales of industrial machinery, logistics, quality management and the supply of materials for the production of machinery, HSW retained research and development activities, the financing of productive assets, strategic marketing, sales of spare parts, repairs, and production and sales of military equipment.
Medtem ko je bilo podjetje HSW-Trading odgovorno za proizvodnjo in prodajo industrijskih strojev, logistiko, vodenje kakovosti in dobavo materiala za proizvodnjo strojev, je družba HSW zadržala razvojne in raziskovalne dejavnosti, financiranje proizvodnih sredstev, strateško trženje, prodajo rezervnih delov, popravila ter proizvodnjo in prodajo vojaške opreme.
HSW was also responsible for the organisational restructuring.
Družba HSW je bila odgovorna tudi za organizacijsko prestrukturiranje.
For the purpose of exercising its activities, HSW-Trading leased assets directly related to production from HSW.
Podjetje HSW-Trading je za izvajanje svojih dejavnosti pri družbi HSW najelo sredstva, ki so bila neposredno povezana s proizvodnjo.
The necessary workforce was also temporarily transferred to HSW-Trading.
Na podjetje HSW-Trading se je začasno prenesla tudi potrebna delovna sila.
This division was to last from 2004 to 2006, i.e. throughout the restructuring of HSW.
Ta ločitev naj bi trajala od leta 2004 do 2006, tj. ves čas prestrukturiranja družbe HSW.
HSW-Trading was to merge with HSW again at the end of 2006.
Podjetje HSW-Trading in družba HSW naj bi se ponovno združila konec leta 2006.
The February plan provided for a major restructuring of employment.
V februarskem načrtu je bilo predvideno pomembno prestrukturiranje zaposlovanja.
On completion of restructuring in 2007 HSW would employ 2100 workers, down from 3173 employees at the end of 2002.
Družba HSW bi ob koncu prestrukturiranja leta 2007 zaposlovala 2100 delavcev, kar je zmanjšanje v primerjavi s 3173 zaposlenimi konec leta 2002.
In order to enable the beneficiary to reach new markets, the organisation of the distribution network for construction machinery and spare parts on the world market was also to be restructured.
Da bi lahko upravičenka dosegla nove trge, naj bi se prestrukturirala tudi organizacija distribucijskega omrežja za gradbene stroje in rezervne dele na svetovnem trgu.
The restructuring of HSW was also to include the sale of subsidiaries and the privatisation of departments operating in the service sector.
Prestrukturiranje družbe HSW naj bi vključevalo tudi prodajo hčerinskih podjetij in privatizacijo oddelkov, ki delujejo v storitvenem sektorju.
By 2006 HSW had sold HSW — Zakład Kuźnia Matrycowa Sp. z o.o for PLN 38 million (EUR 9,0 million) and HSW — Zaklad Metalurgiczny (HSW-Walcownia Blach Sp. z o.o. and HSW-Huta Stali Jakosciowych).
Do leta 2006 je družba HSW prodala podjetje HSW-Zakład Kuźnia Matrycowa Sp. z o.o za 38 milijonov PLN (9 milijonov EUR) ter podjetje HSW-Zaklad Metalurgiczny (HSW-Walcownia Blach Sp. z o.o. in HSW-Huta Stali Jakosciowych).
HSW generated a revenue of PLN 112,2 million (EUR 26,6 million) from this privatisation.
Družba HSW je s to privatizacijo ustvarila prihodek v znesku 112,2 milijona PLN (26,6 milijona EUR).
The sale of two subsidiaries, HSW — Zakład Spreżynownia and HSW — Tlenownia, was to be finalised in 2006.
Prodaja dveh hčerinskih podjetij, tj. HSW-Zakład Spreżynownia in HSW-Tlenownia, naj bi bila končana leta 2006.
The restructuring of assets involved reducing production capacity from 1500 construction machines a year to 1200 a year.
Prestrukturiranje sredstev je vključevalo zmanjšanje proizvodne zmogljivosti s 1500 gradbenih strojev na leto na 1200 na leto.
HSW’s assets were considered to exceed its needs.
Predvidevalo se je, da sredstva družbe HSW presegajo njene potrebe.
As HSW planned to focus on the production of construction machinery, a significant share of its assets were to be sold.
Ker se je nameravala družba HSW usmeriti k proizvodnji gradbenih strojev, naj bi se znaten delež njenih sredstev prodal.
The assets sold between January 2003 and December 2005 generated revenue of PLN 52,1 million (EUR 12,3 million), which far exceeded the forecast PLN 10,3 million (EUR 2,4 million).
S prodajo sredstev med januarjem 2003 in decembrom 2005 je bil ustvarjen prihodek v znesku 52,1 milijona PLN (12,3 milijona EUR), kar je znatno preseglo napovedanih 10,3 milijona PLN (2,4 milijona EUR).
The following assets were sold: some 248,4 ha of land (including approximately 153 ha of woodland); 76000 m2 of real estate and 94 items of machinery and equipment.
Prodana so bila naslednja sredstva: približno 248,4 ha zemljišč (vključno s približno 153 ha gozdov), 76000 m2 nepremičnin ter 94 kosov strojev in opreme.
The overall restructuring costs, including restructuring costs before accession, totalled PLN 450,3 million (EUR 106,7 million) and consisted mainly of the restructuring of civil-law liabilities (PLN 95,6 million and PLN 113,2 million respectively), the cost of organising the supply and distribution system (PLN 151,2 million), the cost of ensuring continuity of supply (PLN 40,0 million) and modernisation (PLN 30,5 million).
Skupni stroški prestrukturiranja, vključno s stroški prestrukturiranja pred pristopom, so skupno znašali 450,3 milijona PLN (106,7 milijona EUR), zajemali pa so predvsem prestrukturiranje civilnopravnih odgovornosti (95,6 milijona PLN in 113,2 milijona EUR), stroške organizacije sistema oskrbe in distribucije (151,2 milijona EUR), stroške zagotavljanja stalne oskrbe (40,0 milijona PLN) ter posodobitev (30,5 milijona EUR).
November plan
Novembrski načrt
The principal change to the February plan concerned the financing of restructuring: rather than HSW reimbursing two loans granted to it before accession in 2003 and 2004 by the State-owned Industrial Development Agency (hereafter ‘the ARP’) and the interest on these loans [8], the ARP would swap the nominal value of the debt for equity and so become a shareholder of HSW.
Glavna sprememba februarskega načrta je zadevala financiranje prestrukturiranja: namesto da bi družba HSW povrnila dolgova, ki ju je leta 2003 in 2004 pred pristopom odobrila državna Agencija za industrijski razvoj (v nadaljnjem besedilu: ARP), in obresti v zvezi s tema dolgovoma [8], bo ARP zamenjala nominalno vrednost dolga za lastniški delež in tako postala delničarka družbe HSW.
Other changes concern postponements of organisational restructuring.
Druge spremembe zadevajo odložitev organizacijskega prestrukturiranja.
According to Poland, the debt-to-equity swap will allow HSW to gather the resources needed to function properly on the market and for future necessary investments.
Po mnenju Poljske bo konverzija dolga v lastniški delež družbi HSW omogočila zbrati sredstva, ki jih potrebuje za ustrezno delovanje na trgu in za nujne naložbe v prihodnosti.
Poland has indicated that out of PLN 96,2 million (the original two loans totalling PLN 75 million plus PLN 21,2 million in accrued interest) [9]:
Poljska je navedla, da se bo od 96,2 milijona PLN (prvotna dolga v skupnem znesku 75 milijonov PLN in 21,2 milijona PLN v obračunanih obrestih) [9]:
PLN [0-50] [10] million will be used for modernisation of equipment and for additional investments, which according to Poland, are necessary for the restoration of viability,
[0–50] [10] milijonov PLN porabilo za posodobitev opreme in dodatne naložbe, ki so po mnenju Poljske potrebne za ponovno vzpostavitev sposobnosti preživetja,
PLN [0-50] million is necessary for the additional costs related to the postponed merger between HSW and HSW-Trading, which has increased the employment restructuring costs,
[0–50] milijonov PLN potrebovalo za dodatne stroške v zvezi z odloženo združitvijo družbe HSW in podjetja HSW-Trading, zaradi česar so se povečali stroški za prestrukturiranje zaposlovanja,
PLN [50-100] million will be used to finance additional accumulation of stock, the increase in receivables due to the extension of payment deadlines for invoices to customers and the shortening of deadlines for payments to suppliers,
[50–100] milijonov PLN porabilo za financiranje dodatnega kopičenja zaloge, več terjatev zaradi daljših plačilnih rokov računov strank in krajših rokov za plačila dobaviteljem,
PLN [0-10] million will be used to finance additional commercial credits.
[0–10] milijonov PLN porabilo za financiranje dodatnih komercialnih kreditov.
Poland claims that HSW needs additional cash-flow (the above-mentioned PLN [0-100] million) because the market for construction machinery has become more competitive: HSW’s competitors are giving their clients longer invoice payment deadlines and agreeing shorter deadlines for paying their suppliers.
Poljska trdi, da potrebuje družba HSW dodaten denarni tok (zgoraj navedenih [0–100] milijonov PLN), ker je postal trg gradbene mehanizacije bolj konkurenčen: konkurenti družbe HSW dajejo strankam daljše roke za plačilo računov in se strinjajo s krajšimi roki za plačila dobaviteljem.
The overall restructuring costs of the November plan, including restructuring costs prior to accession, total PLN 456,9 million (EUR 108,3 million) and are composed of the items summarised in Table 1:
Skupni stroški prestrukturiranja iz novembrskega načrta, vključno s stroški prestrukturiranja pred pristopom, znašajo 456,9 milijona PLN (108,3 milijona EUR) in zajemajo postavke, povzete v tabeli 1:
Summary of the restructuring costs as envisaged in the November Plan
Povzetek stroškov prestrukturiranja, kot so bili predvideni v novembrskem načrtu
(in PLN thousands)
(v tisočih PLN)
Organisation of the supply and distribution system
Organizacija sistema oskrbe in distribucije
Continuity of supply of material, spare parts and components
Stalna oskrba z materialom ter rezervnimi in sestavnimi deli
Modernisation of production capacity
Posodobitev proizvodnih zmogljivosti
On 23 November 2005 the Commission decided to initiate a formal investigation procedure.
Komisija se je 23. novembra 2005 odločila za sprožitev formalnega postopka preiskave.
In this decision the Commission envisaged the possibility of revoking the decision of 20 December 2006, as that decision was based on incorrect information.
V tej odločbi je Komisija predvidela možnost za razveljavitev odločbe z dne 20. decembra 2006, ker je ta odločba temeljila na napačnih informacijah.
Decision of 23 November 2005 initiating the investigation procedure
Odločba z dne 23. novembra 2005 o sprožitvi postopka preiskave
In its decision of 23 November 2005, the Commission considered that aid measures totalling PLN 145,8 million had been granted to HSW before Poland’s accession to the EU; measures totalling PLN 27,9 million had been granted after accession without the Commission’s approval and measures totalling PLN 43,4 million had not yet been granted and thus constituted new State aid.
Komisija je v odločbi z dne 23. novembra 2005 navedla, da so bili ukrepi pomoči v skupnem znesku 145,8 milijona PLN dodeljeni družbi HSW pred pristopom Poljske k EU, da so bili ukrepi v skupnem znesku 27,9 milijona PLN družbi dodeljeni po pristopu Poljske k EU brez odobritve Komisije ter da ukrepi v skupnem znesku 43,4 milijona PLN še niso bili dodeljeni in so zato nova državna pomoč.
The Commission decided to initiate a formal investigation procedure on two grounds.
Komisija se je odločila za sprožitev formalnega postopka preiskave zaradi dveh razlogov.
First, the Commission doubted whether the restructuring aid was compatible with the common market.
Prvi razlog je bil, da je Komisija dvomila, da je pomoč za prestrukturiranje združljiva s skupnim trgom.
In this respect, the Commission doubted whether the restructuring plan was capable of restoring the long-term viability of the beneficiary, since it seemed to focus on debt-servicing and covering operating costs.
V zvezi s tem je Komisija dvomila, da je mogoče z načrtom prestrukturiranja ponovno vzpostaviti dolgoročno sposobnost preživetja upravičenke, ker je menila, da je cilj načrta odplačilo zapadlih dolgov in pokritje stroškov poslovanja.
The Commission also had doubts about the implementation of sufficient compensatory measures.
Poleg tega je Komisija dvomila, da je bilo izvedenih dovolj izravnalnih ukrepov.
The Commission also doubted whether the aid was limited to the minimum necessary and whether the beneficiary’s own contribution was significant, as Poland had not drawn a clear distinction between what it considered an own contribution to restructuring and what was financing from State aid.
Komisija je prav tako dvomila, da je bila pomoč omejena na najmanjši potrebni znesek in da je bil lastni prispevek upravičenke zadostno velik, saj Poljska ni jasno določila, kaj šteje za lastni prispevek k prestrukturiranju in kaj se je financiralo z državno pomočjo.
The Commission also doubted whether the ‘one time, last time’ principle was respected, as a subsidiary of HSW, HSW–Zakład Zespołów Mechanicznych, had received restructuring aid for 2003-07 before Poland had joined the European Union.
Poleg tega je Komisija dvomila, da je bilo upoštevano načelo enkratnosti pomoči, saj je podjetje HSW-Zakład Zespołów Mechanicznych, tj. hčerinsko podjetje zadevne družbe, prejemalo pomoč za prestrukturiranje za obdobje 2003–2007 pred pristopom Poljske k Evropski uniji.
It was therefore necessary to demonstrate that this aid had had no spillover effects on the parent company, HSW.
Zato je bilo treba dokazati, da ta pomoč ni imela učinkov prelitja na matično družbo HSW.
Poland was also asked to assure the Commission that the restructuring aid to HSW, if allowed, would have no spillover effects on HSW — Zakład Zespołów Mechanicznych.
Komisija je Poljsko prav tako pozvala, naj ji zagotovi, da pomoč za prestrukturiranje družbe HSW, če bo dovoljena, ne bo imela učinkov prelitja na podjetje HSW-Zakład Zespołów Mechanicznych.
The second ground for initiating the formal investigation procedure was that the Commission doubted whether there was sufficient separation between subsidised special military production (cannon) and civil production of construction machinery.
Drugi razlog za sprožitev formalnega postopka preiskave je bil, da je Komisija dvomila, da je bila subvencionirana specializirana vojaška proizvodnja (topovi) zadostno ločena od civilne proizvodnje gradbenih strojev.
Poland had assured the Commission in letters of 7 June 2005 and 2 September 2005 that cross-subsidisation was excluded, and the Commission noted that the ratio of aid for military production to total aid was small compared to the ratio of military production to total production.
Z dopisoma z dne 7. junija 2005 in 2. septembra 2005 je Poljska Komisiji zagotovila, da je bilo navzkrižno subvencioniranje izključeno, Komisija pa je ugotovila, da je bilo razmerje med pomočjo za vojaško proizvodnjo in celotno pomočjo majhno v primerjavi z razmerjem med vojaško proizvodnjo in celotno proizvodnjo.
The Commission nevertheless requested more detailed explanations on the separation of accounts.
Kljub temu je Komisija zaprosila za podrobnejša pojasnila o ločitvi računovodstva.
Decision of 10 October 2007 re-initiating the investigation procedure
Odločitev z dne 10. oktobra 2007 o ponovni sprožitvi postopka preiskave
The Commission initiated the formal investigation procedure on four grounds.
Komisija je sprožila formalni postopek preiskave zaradi štirih razlogov.
First, the Commission had doubts as to whether the November plan was capable of restoring the long-term viability of HSW, as it seemed that the company was in need of additional cash-flow.
Najprej je Komisija dvomila, da je mogoče z novembrskim načrtom ponovno vzpostaviti dolgoročno sposobnost preživetja družbe HSW, ker je menila, da je družba potrebovala dodaten denarni tok.
Second, the Commission had doubts as to whether the aid was limited to the minimum necessary, as the use of surplus cash-flow generated by the debt-to-equity swap had not been sufficiently explained by the Polish authorities.
Komisija je prav tako dvomila, da je bila pomoč omejena na najmanjši potrebni znesek, ker Poljski organi niso zadostno pojasnili porabe presežka denarnega toka, ki ga je ustvarila konverzija dolga v lastniški delež.
Third, the Commission wondered whether the aid amount would not increase as a consequence of the swap.
Poleg tega je bila Komisija zaskrbljena, ker je menila, da se bo znesek pomoči zaradi konverzije povečal.
Finally, in addition to its doubts about the increase in the aid amount, the Commission doubted whether the effect of the aid granted to HSW remained unchanged and did not therefore unduly distort competition.
Nazadnje je Komisija poleg dvomov glede povečanja zneska pomoči izrazila dvom, da se učinek dodeljene pomoči ni spremenil in da zato ni neupravičeno izkrivljal konkurence.
In other words, the Commission had doubts as to whether the compensatory measures were sufficient, since, according to point 40 of the 2004 Guidelines, compensatory measures must be in proportion to the distortive effects of the aid.
To pomeni, da je Komisija dvomila v zadostnost izravnalnih ukrepov, saj morajo biti v skladu s točko 40 smernic iz leta 2004 sorazmerni z izkrivljajočimi učinki pomoči.
The Commission decided to re-initiate the investigation procedure with a view to possibly revoking the decision of 20 December 2006.
Komisija se je odločila za ponovno sprožitev postopka preiskave, da bi po možnosti razveljavila odločbo z dne 20. decembra 2006.
COMMENTS OF THIRD PARTIES
PRIPOMBE TRETJIH OSEB
The Commission had received no comments from third parties as regards the formal investigation procedure initiated on 23 November 2005.
Komisija ni prejela nobenih pripomb tretjih oseb v zvezi s formalnim postopkom preiskave, sproženim 23. novembra 2005.
In response to the reopening of the formal investigation procedure, the Commission received comments from 13 third parties including the beneficiary.
Po ponovni sprožitvi formalnega postopka preiskave je Komisija prejela pripombe 13 tretjih oseb, vključno z upravičenko.
The comments received stressed confidence in the success of the restructuring of HSW (public and private creditors, HSW’s suppliers) and emphasised the company’s importance for the entire region (the beneficiary and the local granting authorities).
V prejetih pripombah je bilo poudarjeno zaupanje v uspešnost prestrukturiranja družbe HSW (javni in zasebni upniki, dobavitelji družbe HSW) in pomembnost družbe za regijo v celoti (upravičenka in lokalni organi, ki dodelijo pomoč).
Comments on the decision of 23 November 2005
Pripombe v zvezi z odločbo z dne 23. novembra 2005
First, the Polish authorities commented on the Commission’s assessment of which measures had been granted before accession and which constituted unlawful or new aid.
Poljski organi so najprej predložili pripombe v zvezi z oceno Komisije, kateri ukrepi so bili dodeljeni pred pristopom in kateri so bili nezakonita ali nova pomoč.
The Polish authorities maintained that aid granted on the basis of the amended Act of 30 October 2002 on State aid for enterprises of special significance for the labour market (see Table 3 below) had not been granted before accession, contesting the view taken by the Commission in the decision initiating the formal investigation procedure.
Poljski organi so trdili, da pomoč, dodeljena na podlagi spremenjenega Zakona z dne 30. oktobra 2002 o državni pomoči za podjetja s posebno pomembnostjo za trg dela (glej tabelo 3), ni bila dodeljena pred pristopom, kar je v nasprotju s stališčem Komisije iz odločbe o sprožitvi formalnega postopka preiskave.
The Polish authorities repeated their earlier submission that the decisive moment for granting State aid under this Act occurs when the beneficiary’s public creditors give their consent (the ‘administrative commitments’), not when the President of the ARP takes a restructuring decision.
Poljski organi so ponovili svoje predhodno stališče, da je bilo za dodelitev državne pomoči v skladu s tem zakonom odločilno privoljenje javnih upnikov upravičenke (v nadaljnjem besedilu: administrativne obljube) in ne odločba o prestrukturiranju, ki jo je izdal predsednik ARP.
Since the public creditors of HSW whose receivables were restructured had given their consent vis-à-vis HSW prior to accession, the Polish authorities argue that this aid was granted before accession and the Commission is not therefore competent to assess its compatibility with the common market.
Ker so javni upniki družbe HSW, katerih terjatve so bile prestrukturirane, dali privolitev glede družbe HSW pred pristopom, poljski organi trdijo, da je bila ta pomoč dodeljena pred pristopom, zaradi česar Komisija ni pristojna za ocenjevanje njene združljivosti s skupnim trgom.
The second modification was factual in nature, namely specifying the amounts of aid under three measures granted to HSW before accession.
Druga sprememba je bila stvarna in je zadevala določitev zneskov pomoči v okviru treh ukrepov, dodeljenih družbi HSW pred pristopom.
Tables 2 to 5 list all the measures granted and to be granted to HSW over the restructuring period, as corrected in the light of the Polish authorities’ clarifications.
V tabelah 2 do 5 so navedeni vsi ukrepi, ki so bili in bodo dodeljeni družbi HSW v obdobju prestrukturiranja ter kot so bili popravljeni ob upoštevanju pojasnil poljskih organov.