natgillin/translations-raw huggingface dataset:
These recommendations will stress the inherent economic interest, in this sector, of implementing competitive procurement measures and will indicate the different practical arrangements under which these measures can be implemented.
V teh priporočilih bo poudarjen notranji gospodarski interes tega sektorja za izvajanje ukrepov zbiranja ponudb, navedena pa bodo tudi različna praktična pravila za izvedbo teh ukrepov.
The good practices advocated will provide for the public nature of the competitive procurement for the largest borrowings.
Na podlagi priporočenih dobrih praks bo predvideno odprto zbiranje ponudb za posojila v najvišjih zneskih.
These recommendations will be brought to the attention of the departments responsible for providing the local and regional authorities in particular with assistance and advice.
S temi priporočili bodo seznanjene zlasti službe, pristojne za pomoč in svetovanje ozemeljskim skupnostim.
If these recommendations were to prove insufficient to ensure by 2013 the generalisation of transparent, non-discriminatory calls for tender by the local authorities for bank finance, France undertakes to make proposals for legally binding measures to this effect.
Če bi se izkazalo, da s temi priporočili do leta 2013 ni mogoče zagotoviti splošne uporabe preglednih in nediskriminatornih zbiranj ponudb za bančno financiranje v lokalnih skupnostih, se Francija zavezuje, da bo v ta namen navedla normativne predloge.
With a view to boosting competition and transparency still further regarding local authorities’ bank loans, the Belgian Government, in agreement with the Regions, undertakes to monitor the publication by the contracting authorities of contract award notices relating to the financing of the local public authorities.
Za še večjo konkurenčnost in preglednost pri dodeljevanju bančnih posojil lokalnim skupnostim se belgijska vlada v soglasju z regijami zavezuje, da bo nadzorovala obvestila o oddaji naročil, ki jih bodo naročniki objavljali v zvezi s financiranjem lokalnih javnih organov.
DIVESTMENTS AND RUN-OFFS
ODPRODAJE IN LIKVIDACIJA
Dexia is undertaking the divestment of assets listed in this recital:
Dexia odproda sredstva, našteta v tej uvodni izjavi:
divestment or stock exchange flotation of the 70 % stake held by the group in its Italian subsidiary, Crediop, by 31 October 2012 [19];
do 31. oktobra 2012 odprodaja ali uvrstitev 70-odstotnega deleža skupine v njeni italijanski odvisni družbi, Crediop, v borzno kotacijo [19];
divestment by 30 June 2010 of DEP, French subsidiary of Dexia Insurance Belgium (‘DIB’), which operates in the fields of life assurance and collective insurance.
do 30. junija 2010 odprodaja DEP, francoske odvisne družbe matične družbe Dexia Insurance Belgium (v nadaljnjem besedilu: DIB), ki se ukvarja z življenjskimi zavarovanji in socialnim inženiringom.
The sales agreement was signed on 9 December 2009 and the sale should be completed during the first half of 2010;
Dogovor o odprodaji je bil podpisan 9. decembra 2009, prodaja pa naj bi bila izvedena v prvi polovici leta 2010;
divestment or stock exchange flotation by 31 December 2010 of Dexia’s 51 % stake in AdInfo, a subsidiary active in the provision of IT services to local authorities in Belgium;
do 31. decembra 2010 odprodaja ali uvrstitev 51-odstotnega deleža skupine Dexia v odvisni družbi AdInfo, ki se ukvarja z zagotavljanjem informacijskih storitev lokalnim skupnostim v Belgiji, v borzno kotacijo;
divestment of Dexia’s stake in SPE, a Belgian energy undertaking, by 31 December 2010;
pred 31. decembrom 2010 odprodaja deleža skupine Dexia v SPE, belgijskem podjetju za proizvodnjo energije;
divestment of Dexia’s 20 % stake in Crédit du Nord (this divestment took place on 11 December 2009);
odprodaja 20-odstotnega deleža skupine Dexia v družbi Crédit du Nord (ta odprodaja je bila izvedena 11. decembra 2009);
closure by 2010 of about 80 branches in Belgium under the new group distribution model;
do leta 2010 zaprtje približno 80 poslovalnic v Belgiji v okviru novega razdelitvenega načrta skupine;
cessation of the following activities of RCB International:
prenehanje naslednjih dejavnosti družbe RCB International:
the divestment of Experta Jersey, the run-off of Dexia ‘Private Bank’ (PB) Jersey, the cessation of Montevideo’s PB activities, the cessation of the PB development project in Singapore, the cessation of the consumer finance project in Russia and the cessation of the activities of Dexia Asset Management (‘DAM’) in the countries of Central and Eastern Europe and the divestment of the trust activities of Experta in Switzerland were carried out in 2009 and early 2010;
med letom 2009 in v začetku leta 2010 so bile izvedene odprodaja družbe Experta Jersey, likvidacija družbe Dexia „Private Bank“ (PB) Jersey, prenehanje dejavnosti PB iz Montevidea, zaustavitev razvojnega projekta PB v Singapurju, zaustavitev projekta potrošniškega financiranja v Rusiji in prenehanje dejavnosti Dexia Asset Management (v nadaljnjem besedilu: DAM) v državah Srednje in Vzhodne Evrope ter odprodaja fiduciarnih poslov družbe Experta v Švici;
the divestment of Experta’s trust activities in the Bahamas and the divestment of the Danish subsidiary of Dexia BIL by 31 December 2011;
do 31. decembra 2011 odprodaja fiduciarnih poslov, ki jih je Experta opravljala na Bahamih, in odprodaja danske odvisne družbe družbe Dexia BIL;
divestment or stock exchange flotation by 31 October 2012 of Dexia’s stake in the Slovak subsidiary Dexia Banka Slovensko (‘DBS’) [20];
do 31. oktobra 2012 odprodaja ali uvrstitev deleža skupine Dexia v njeni slovaški odvisni družbi Dexia Banka Slovensko (v nadaljnjem besedilu: DBS) v borzno kotacijo [20];
cessation and run-off of the following PWB international activities:
prenehanje in likvidacija naslednjih dejavnosti družbe PWB International:
India: entity sold in 2009;
Indija: odprodaja subjekta, ustanovljenega leta 2009;
Switzerland (Dexia Public Finance Switzerland) and Sweden (Dexia Norden): closure and liquidation by 31 December 2010;
Švica (Dexia Public Finance Switzerland) in Švedska (Dexia Norden): zaprtje in likvidacija do 31. decembra 2010;
Mexico, Australia and Japan: run-off of the balance sheet;
Mehika, Avstralija in Japonska: likvidacija bilance stanja;
divestment of FSA (finalised on 1 July 2009) then divestment of Dexia’s holding in Assured Guaranty by 31 December 2011;
odprodaja družbe FSA (dokončana 1. julija 2009), nato odprodaja deležev skupine Dexia v družbi Assured Guaranty do 31. decembra 2011;
divestment of the group’s 49 % stake in Kommunalkredit Austria (KA), which took place in the 4th quarter of 2008;
odprodaja 49-odstotnega deleža skupine v družbi Kommunalkredit Austria (KA), ki je bila izvedena v četrtem četrtletju leta 2008;
divestment or stock exchange flotation of Deniz Emeklilik, the insurance subsidiary of DenizBank by 31 October 2012;
do 31. oktobra 2012 odprodaja ali uvrstitev družbe Deniz Emeklilik, odvisne zavarovalnice družbe DenizBank, v borzno kotacijo;
divestment of the group’s 60 % stake in Dexia Sabadell by 31 December 2013;
do 31. decembra 2013 odprodaja 60-odstotnega deleža skupine v družbi Dexia Sabadell;
fast-track divestment of Dexia’s bond portfolio at the rate of EUR [10-20] billion per year in 2010 and 2011, EUR [5-15] billion to EUR [10-20] billion in 2012, EUR [0-10] billion to EUR [5-15] billion per year in 2013 and 2014;
pospešena odprodaja portfelja obveznic družbe Dexia v višini [10–20] milijard EUR na leto v letih 2010 in 2011, [5–15] milijard EUR do [10–20] milijard EUR v letu 2012 ter [0–10] do [5–15] milijard EUR na leto v letih 2013 in 2014;
run-off of the Standby Bond Purchase Agreements (‘SBPA’) and Tender Option Bonds (‘TOB’) activities (USA/Canada).
likvidacija dejavnosti, povezanih s stand-by aranžmaji o nakupu obveznic („Standby Bond Purchase Agreements“, v nadaljnjem besedilu: SBPA) in opcijskimi obveznicami, izdanimi na podlagi razpisa („Tender Option Bonds“, v nadaljnjem besedilu: TOB) (ZDA/Kanada).
(In EUR billion)
(v milijardah EUR)
Total balance sheet of the group
Bilančna vsota skupine
Total LPMD
Skupaj LPMD
Total core division
Skupaj glavni sektor
IMPLEMENTATION OF THE COMMITMENTS
URESNIČITEV ZAVEZ
An independent expert will submit a half-yearly report to the Commission on the implementation of the commitments provided for in the restructuring plan.
Neodvisni strokovnjak vsako polletje predloži Komisiji poročilo o uresničevanju zavez iz načrta prestrukturiranja.
This report includes in particular a detailed survey on (i) compliance with the reduction in the size of the balance sheet referred to in recital 88, (ii) compliance with the three liquidity and funding ratios referred to in recital 69 and (iii) compliance with the RAROC commitment [21] referred to in recital 70.
To poročilo vsebuje zlasti podrobno izvedensko mnenje (i) o upoštevanju znižanja bilančne vsote iz uvodne izjave 88; (ii) o upoštevanju treh likvidnostnih in finančnih razmerij iz uvodne izjave 69 in (iii) o upoštevanju zaveze o stopnji RAROC [21] iz uvodne izjave 70.
this report will be submitted no more than one month after the presentation of the half-yearly accounts and the approval of the annual accounts and in any event before 1 October and 30 April of each year,
se to poročilo pošlje najpozneje en mesec po predstavitvi polletnih računovodskih izkazov in potrditvi letnih računovodskih izkazov, vsekakor pa vsako leto pred 1. oktobrom in 30. aprilom,
if, in his report presented before 1 October of each year, the independent expert considers it possible that the annual objectives provided for in the restructuring plan may not be attained at the end of the year in progress, the authorities of the Member States concerned will present to the Commission, within a month of submission of the report, the measures planned with Dexia to enable these objectives to be attained by the appropriate means before the end of the year,
če neodvisni strokovnjak v poročilu, ki ga predloži vsako leto pred 1. oktobrom, ugotovi nevarnost, da letni cilji iz načrta prestrukturiranja ne bodo doseženi do konca tekočega leta, organi zadevnih držav članic v mesecu po predložitvi poročila Komisiji predstavijo ukrepe, ki so jih predvideli s skupino Dexia in na podlagi katerih bo mogoče te cilje z ustreznimi sredstvi doseči pred koncem leta,
if, in his report presented before 30 April of each year, the independent expert finds that the annual objectives provided for in the restructuring plan have not been attained, the authorities of the Member States concerned will present to the Commission, within a month following the submission of the report, the measures planned with Dexia to enable these objectives to be attained by the appropriate means before 30 June of the current year,
če neodvisni strokovnjak v poročilu, ki ga predloži vsako leto pred 30. aprilom, ugotovi, da letni cilji iz načrta prestrukturiranja niso bili doseženi, organi zadevnih držav članic v mesecu po predložitvi poročila Komisiji predstavijo ukrepe, ki so jih predvideli s skupino Dexia in na podlagi katerih bo mogoče te cilje z ustreznimi sredstvi doseči do 30. junija tekočega leta,
if the measures envisaged are not presented within the time limit laid down or if the objectives are not attained by 30 June (concerning the measures presented, where appropriate, after the report to be filed by 30 April), the Commission may, pursuant to Council Regulation (EC) No 659/1999 [22], reopen the formal investigation procedure […].(90) The Belgian, French and Luxembourg authorities will submit to the prior approval of the Commission, and at the latest one month after this decision, a list of one to three persons, chosen in agreement with Dexia, to be appointed as independent expert.
če predvideni ukrepi niso predstavljeni v predpisanem roku ali če cilji niso doseženi pred 30. junijem (v zvezi s predstavljenimi ukrepi po potrebi po poročilu, ki ga je treba predložiti pred 30. aprilom), lahko Komisija na podlagi določb Uredbe Sveta (ES) št. 659/1999 [22] znova sproži formalni postopek preiskave […].(90) Belgijski, francoski in luksemburški organi najpozneje en mesec po sprejetju tega sklepa predložijo Komisiji v predhodno odobritev seznam največ treh oseb, ki so jih v soglasju s skupino Dexia izbrali za imenovanje na položaj neodvisnega strokovnjaka.
The independent expert must have the required skills and may not be exposed to conflicts of interest when performing his task.
Neodvisni strokovnjak mora biti ustrezno usposobljen, med izvajanjem njegovega mandata pa ne sme prihajati do navzkrižja interesov.
The Commission may either approve or reject the independent expert(s) proposed.
Komisija lahko predlagane neodvisne strokovnjake odobri ali zavrne.
If the Commission rejects the independent expert(s) proposed, Dexia and the Belgian, French and Luxembourg authorities will propose, within one month of communication of the rejection, one to three new candidates who will also have to be approved or rejected by the Commission.
Če Komisija zavrne vse predlagane neodvisne strokovnjake, Dexia ter belgijski, francoski in luksemburški organi v enem mesecu po tem, ko so obveščeni o zavrnitvi, predlagajo največ tri nove kandidate, ki jih mora Komisija prav tako odobriti ali zavrniti.
If all the candidates proposed are finally rejected by the Commission, the Commission will designate an independent expert.
Če Komisija nazadnje zavrne vse predlagane kandidate, neodvisnega strokovnjaka določi sama.
The costs of the services of the independent expert will be paid by Dexia.
Stroške storitev neodvisnega strokovnjaka nosi Dexia.
In the absence of fulfilment of any of the asset divestment commitments referred to under points (a), (c), (d), (h), (l) or (m) of recital 87 within the time limits set, and in the absence of approval of an alternative commitment by the Commission, the French, Belgian and Luxembourg authorities will submit for prior approval by the Commission, no later than one month after the time limit set for the sale, a list of one to three persons, selected in agreement with Dexia, for appointment as agent(s) responsible for carrying out the aforementioned sales.
Če ena od zavez o odprodaji sredstev iz točk (a), (c), (d), (h), (l) ali (m) uvodne izjave (87) ni izpolnjena v predpisanih rokih in če Komisija ne odobri nadomestne zaveze, francoski, belgijski in luksemburški organi najpozneje en mesec po določenem datumu odprodaje Komisiji v predhodno odobritev predložijo seznam največ treh oseb, ki so jih v soglasju s skupino Dexia izbrali za imenovanje na položaj fiduciarja za navedene odprodaje.
The agent responsible for the sale must be independent, possess the required skills and may not be exposed to conflicts of interest when performing his task.
Fiduciar za odprodajo je neodvisen, ustrezno usposobljen, med izvajanjem njegovega mandata pa ne sme prihajati do navzkrižja interesov.
The Commission may either approve or reject the agent(s) proposed.
Komisija lahko predlagane fiduciarje odobri ali zavrne.
If the Commission rejects the agent(s) responsible for the sale proposed, Dexia and the French, Belgian and Luxembourg authorities will propose, within one month of communication of the rejection, one to three new candidates who will also have to be approved or rejected by the Commission.
Če Komisija zavrne vse predlagane fiduciarje, Dexia ter francoski, belgijski in luksemburški organi v enem mesecu po tem, ko so obveščeni o zavrnitvi, predlagajo največ tri nove kandidate, ki jih mora Komisija prav tako odobriti ali zavrniti.
If all the candidates proposed are finally rejected by the Commission, the latter will designate an agent, whom Dexia will appoint or contribute to appointing, on the basis of a mandate approved by the Commission.
Če Komisija nazadnje zavrne vse nove predlagane kandidate, potem sama določi fiduciarja, ki ga Dexia imenuje ali omogoči njegovo imenovanje v skladu z mandatom fiduciarja, ki ga odobri Komisija.
The French, Belgian and Luxembourg authorities undertake that Dexia will grant the necessary and appropriate powers of attorney to the agent responsible for the sale (i) to carry out the sale of the assets referred to in recital 91 (including any necessary powers to ensure satisfactory execution of the documents required to carry out the sale), and (ii) to perform any action or make any declaration necessary or appropriate to carry out the sale, including the appointment of advisers to accompany the sale process.
Francoski, belgijski in luksemburški organi se zavezujejo, da bo Dexia fiduciarju za odprodajo dodelila potrebna in ustrezna zastopniška pooblastila (i) za izvedbo odprodaje sredstev iz uvodne izjave 91 (vključno z vsemi potrebnimi pooblastili za zagotovitev pravilne izvedbe dokumentov, ki so potrebni za izvedbo odprodaje), ter (ii) za izvedbo vseh ukrepov ali deklaracij, ki so potrebni ali ustrezni za izvedbo odprodaje, vključno z imenovanjem svetovalcev, ki spremljajo postopek odprodaje.
The agent responsible for the sale will include in the contract of purchase and sale the usual, reasonable terms and conditions he considers appropriate to conclude the sale in the year following his appointment.
Fiduciar za odprodajo v kupoprodajno pogodbo ali pogodbe vključi take običajne in razumne pogoje, kot so primerni za dokončanje prodaje v enem letu po njegovem imenovanju za fiduciarja.
The agent responsible for the sale will organise the sale process in such a way as to ensure a divestment […].
Fiduciar za odprodajo prodajni postopek organizira tako, da se zagotovi odprodaja […].
The costs of the services of the agent responsible for the sale will be paid by Dexia.
Stroške storitev fiduciarja za odprodajo nosi Dexia.
V. REASONS FOR THE OPENING OF THE FORMAL PROCEDURE
V. RAZLOGI, KI UPRAVIČUJEJO SPROŽITEV FORMALNEGA POSTOPKA
The Commission recalls that the formal investigation procedure opened by its decision of 13 March 2009 covers both Dexia’s initial restructuring plan notified to the Commission by the Member States concerned in February 2009 and the FSA measure.
Komisija opozarja, da se formalni postopek preiskave, ki je bil sprožen na podlagi njene odločitve z dne 13. marca 2009, hkrati nanaša na prvotni načrt prestrukturiranja skupine Dexia, ki so ga zadevne države članice Komisiji priglasile februarja 2009, in na ukrep za družbo FSA.
Firstly, in view of the difficulties experienced by Dexia during the financial crisis and the very large amount of aid received, the Commission expressed doubts about:
Prvič, glede na težave, s katerimi se je Dexia soočala med finančno krizo, in zelo visok znesek prejete pomoči je Komisija izrazila dvome glede:
the capacity of the initial restructuring plan to restore the group’s long-term viability without State aid and within the shortest possible period of time,
zmožnosti, da bi se s prvotnim načrtom prestrukturiranja brez državne pomoči in kar najhitreje ponovno vzpostavilo dolgoročno uspešno poslovanje skupine,
Then, with regard to the FSA measure, the Commission considered, in its decision of 13 March 2009, that the guarantee as such and its coverage in terms of assets and the burden-sharing of the costs between Dexia and the Member States concerned were compatible with the internal market.
Glede ukrepa za družbo FSA je Komisija v odločitvi z dne 13. marca 2009 menila, da so samo jamstvo ter zavarovanje sredstev in porazdelitev stroškov med skupino Dexia in zadevne države članice združljivi z notranjim trgom.
However, the valuation of the assets and the remuneration for the guarantee, including that in the form of securities to be issued by Dexia beyond the first tranche of USD 4,5 billion for calls on the put contract, were still to be ascertained.
Vendar je bilo treba preveriti še oceno sredstev in nadomestilo za jamstvo ter oceno vrednostnih papirjev, ki naj bi jih Dexia izdala nad prvo tranšo v višini 4,5 milijarde USD vpoklicanih sredstev iz naslova opcijske pogodbe.
The Commission therefore decided to include these aspects of the FSA measure in the formal investigation procedure opened in respect of the Dexia restructuring plan.
Komisija se je odločila, da tudi te vidike ukrepa za družbo FSA vključi v formalni postopek preiskave, sprožen na podlagi načrta prestrukturiranja skupine Dexia.
The Commission also specified in the same decision that the existence of the guarantee, the portfolio of assets covered and the level of the initial losses incurred by Dexia fell outside the scope of the procedure initiated by this decision.
Komisija je v isti odločitvi še pojasnila, da obstoj jamstva, portfelj zavarovanih sredstev in višina prvih izgub skupine Dexia ne spadajo v okvir postopka, sproženega z navedeno odločitvijo.
OBSERVATIONS OF THE INTERESTED PARTIES
PRIPOMBE ZAINTERESIRANIH STRANI
The Commission points out that no comments have been received from interested parties under the formal investigation procedure opened in respect of aid measures in favour of Dexia.
Komisija navaja, da v okviru formalnega postopka preiskave, sproženega zoper ukrepe pomoči za skupino Dexia, ni prejela pripomb zainteresiranih strani.
On the other hand, before the procedure was opened, a complaint was formally lodged with the Commission services by one of DBB’s competitors against the capital increase of EUR 3 billion subscribed to by the authorities and the Belgian shareholders of Dexia and against the guarantee granted by the Belgian State to cover interbank and assimilated loans in favour of Dexia.
Po drugi strani pa je konkurent banke DBB še pred sprožitvijo postopka pri službah Komisije uradno vložil pritožbo zoper dokapitalizacijo v višini 3 milijarde EUR, ki so jih prispevali organi in belgijski delničarji skupine Dexia, ter zoper jamstvo, ki ga je država Belgija dodelila za medbančna posojila, dodeljena skupini Dexia.
The grounds for the complaint are as follows:
Pritožba je obrazložena z dejstvom, da:
the aid could not be considered to be proportionate, notably because of the subscription price of the ordinary shares issued by Dexia under the recapitalisation measure: the price of EUR 9,9, based on the average price of the thirty days preceding the operation, exceeds the price which would have been paid by a private market economy investor, given the greatly impaired conditions for financial assets at the time of the issue,
pomoči ni mogoče šteti za sorazmerno, zlasti zaradi vpisne cene rednih delnic, ki jih je Dexia izdala v okviru ukrepa dokapitalizacije: cena v višini 9,9 EUR, ki je temeljila na povprečju tečajev tridesetih dni pred transakcijo, je višja od cene, ki bi jo vplačal vlagatelj v tržnem gospodarstvu glede na precejšnje poslabšanje finančnih vrednosti ob izdaji,
the aid could not be considered to be confined to the minimum necessary in so far as the amount of recapitalisation boosted Dexia’s Tier 1 capital ratio from 11 % to 14 %, making it one of the European banks with the highest capital endowment,
pomoč ni omejena na najnižjo potrebno, ker je znesek dokapitalizacije povzročil, da se je delež lastnih virov sredstev temeljnega kapitala prvega reda skupine Dexia povečal z 11 % na 14 %, tako da je postala ena od vodilnih evropskih bank na tem področju,
the aid would lead to significant distortions of competition in so far as it would have enabled Dexia to apply rates on customer deposits above the average of those applied by banks traditionally active in the Belgian market.
pomoč bi povzročila precejšnje izkrivljanje konkurence, ker bi lahko Dexia depozite strank obrestovala po tarifi, ki bi bila višja od povprečne tarife tradicionalnih bank na belgijskem trgu.
OBSERVATIONS OF THE MEMBER STATES
PRIPOMBE DRŽAV ČLANIC
OBSERVATIONS OF THE BELGIAN GOVERNMENT ON THE COMPLAINT RECEIVED BY THE COMMISSION
PRIPOMBE BELGIJSKE VLADE GLEDE PRITOŽBE, KI JO JE PREJELA KOMISIJA
The Belgian authorities drew up their observations on the various grounds for the complaint on the basis of the non-confidential complaint form filed with the Commission services.
Belgijski organi so na podlagi nezaupne različice pritožbenega obrazca, vloženega pri službah Komisije, predložili pripombe glede elementov obrazložitve pritožbe.