natgillin/translations-raw huggingface dataset:
Whilst not submitting the restructuring plan, notwithstanding repeated requests and an information injunction, as described in recitals 30 to 32 above, Portugal extended the guarantee twice without prior notification to and approval of the Commission.
Portugalska kljub večkratnim zaprosilom in odredbi o predložitvi podatkov, kakor je opisano v odstavkih 30 do 32 zgoraj, ni predložila načrta za prestrukturiranje in je dvakrat podaljšala garancijo, ne da bi o tem predhodno obvestila Komisijo in pridobila njeno odobritev.
The Portuguese authorities’ arguments that the Commission was aware that, under the contract, the guarantee might be provided for 2 years and that there was no material change to the State guarantee cannot be accepted.
Trditev portugalskih organov, da je Komisija vedela, da se na podlagi pogodbe garancija lahko zagotovi za dve leti in da ni bilo bistvenih sprememb državne garancije, ni mogoče sprejeti.
The Rescue Aid Decision linked the approval of the State guarantee to implementation of the commitment by the Portuguese authorities to present the restructuring plan within 6 months.
Odločba o pomoči za reševanje je povezovala odobritev državne garancije s tem, da bodo portugalski organi izpolnili svojo zavezo v šestih mesecih predložiti načrt za prestrukturiranje.
This commitment was not complied with by the Portuguese authorities.
Portugalski organi te zaveze niso izpolnili.
Further, the existence of a contractually stipulated renewal of the State guarantee based on a decision by the bank syndicate and BPP cannot discharge Portugal from the precise and explicit obligations arising from the commitments it offered to the Commission, and on which the Rescue Aid Decision was based, or from its obligations pursuant to Article 108(3) TFEU.
Obstoj v pogodbi določenega podaljšanja državne garancije, ki temelji na odločitvi bančnega konzorcija in banke BPP, ne more Portugalske odvezati natančnih in izrecno določenih obveznosti, ki izhajajo iz zaveze, dane Komisiji in na katerih je temeljila Odločba o pomoči za reševanje, ali obveznosti po členu 108(3) PDEU.
Portugal’s position regarding the obligation to present the restructuring plan, arguing that its only duty was to transmit that plan to the Commission, cannot be accepted either in light of the commitments on which the Rescue Aid Decision was based.
Stališče Portugalske glede obveznosti predložiti načrt za prestrukturiranje, ki trdi, da je bila njena edina dolžnost Komisiji poslati načrt za prestrukturiranje, ni mogoče sprejeti z vidika zavez, na katerih je temeljila Odločba o pomoči za reševanje.
In any event, the fact remains that the restructuring plan was not presented within the required timeframe set out in the Rescue Aid Decision and therefore the basis on which approval was given was not upheld.
Vsekakor je dejstvo, da načrt za prestrukturiranje ni bil predložen v časovnem obdobju, predpisanem v Odločbi o pomoči za reševanje in zato podlaga, na kateri je bila izdana odobritev, ni bila izpolnjena.
It follows that the pricing of the guarantee was below the level normally required under the Banking Communication for it to be considered as compatible aid, and that the Commission only authorised that level of pricing in the Rescue Aid Decision on the basis of a commitment by Portugal to submit a restructuring or liquidation plan which would adequately minimise the distortion of competition.
Iz navedenega izhaja, da je bila višine garancije nižja od ravni, ki se običajno zahteva na podlagi Sporočila o bančništvu, da se šteje kot združljiva pomoč in da je Komisija višino v Odločbi o pomoči za reševanje odobrila samo na podlagi zaveze Portugalske, da bo predložila načrt za prestrukturiranje ali načrt za likvidacijo, ki bo ustrezno zmanjšal izkrivljanje konkurence.
No such plan having been presented by 5 June 2009, the Commission therefore concludes that neither the guarantee provided by Portugal on 5 December 2008 nor its continuation after 5 June 2009 is compatible with the internal market.
Ker do 5. junija 2009 tak načrt ni bil predložen, Komisija ugotavlja, da garancija, ki jo je Portugalska zagotovila 5. decembra 2008 in njeno podaljšanje po 5. juniju 2009, nista združljiva z notranjim trgom.
Although Portugal presented no restructuring plan for BPP, the Portuguese authorities have provided information proving that the liquidation procedure which began on 15 April 2010 with the revocation of BPP’s banking licence will lead to its liquidation.
Čeprav Portugalska ni predložila načrta za prestrukturiranje banke BPP, so portugalski organi posredovali informacije, ki dokazujejo, da se bo likvidacijski postopek, ki se je začel 15. aprila 2010 z odvzemom bančnega dovoljenja, zaključil z likvidacijo banke.
Moreover, no compensation will be awarded to the shareholders of BPP other than any amounts stemming from the liquidation procedure itself.
Poleg tega delničarji banke BPP ne bodo dobili nobene odškodnine, razen morebitnih zneskov, ki izvirajo iz likvidacijskega postopka samega.
Based on this information, the Commission considers that there will be no risk of distortion of competition in the future regarding BPP.
Komisija na podlagi teh informacij meni, da v prihodnje v zvezi z banko BPP ne bo nevarnosti izkrivljanja konkurence.
However, this conclusion does not remedy the incompatibility of the measure granted by Portugal for the period between 5 December 2008 and 15 April 2010.
Ta ugotovitev pa ne odpravlja nezdružljivosti ukrepa, ki ga je Portugalska odobrila za obdobje od 5. decembra 2008 do 15. aprila 2010.
In order to determine a market price for the loan interest, the Commission has based its assessment on the Communication from the Commission on the revision of the method for setting the reference and discount rates [24].
Komisija je zaradi določitve tržne cene obresti za posojilo svojo oceno naredila na podlagi Sporočila Komisije o spremembi metode določanja referenčnih obrestnih mer in diskontnih stopenj [24].
The Commission establishes reference rates which are supposed to reflect the average level of interest rates charged in the market on medium and long-term loans backed by normal securities.
Komisija določi referenčne obrestne mere, ki bi morale odražati povprečno višino obrestnih mer, ki na trgu veljajo za srednjeročna in dolgoročna posojila z običajnimi zavarovanji.
This reference rate is a floor rate which may be increased in situations involving a particular risk, for example an undertaking in difficulties or where the security normally required by banks is not provided.
Ta referenčna obrestna mera je najnižja obrestna mera, ki se jo v posebej tveganih primerih (npr. podjetja v težavah) ali kjer ni zagotovljeno zavarovanje, ki ga običajno zahtevajo banke, lahko zviša.
In exceptional circumstances the aid element of the guarantee may turn out to be as high as the amount effectively covered by that guarantee.
V izjemnih okoliščinah je lahko element pomoči garancije celo enak znesku, ki ga dejansko krije navedena garancija.
The guarantee enabled BPP to obtain better financial terms for the loan than those normally available on the financial markets.
Garancija je banki BPP omogočila pridobitev boljših finančnih pogojev za posojilo, kot so običajno na voljo na finančnih trgih.
The Commission considers that the aid element of the guarantee can be calculated as the difference between the interest rate that BPP should have paid for a loan under market conditions, i.e. without a guarantee, and the interest rate at which the guaranteed loan was actually provided.
Komisija meni, da se element pomoči garancije lahko izračuna kot razlika med obrestno mero, ki bi jo banka BPP morala plačati pod tržnimi pogoji, t. j. brez garancije, in obrestno mero, ki je bila dejansko določena za posojilo z garancijo.
This difference can be deemed to correspond to the premium a market economy guarantor would have asked for these guarantees.
Lahko se šteje, da ta razlika ustreza premiji, ki bi jo za te garancije zahteval tržno usmerjeni porok.
In the present case the Commission considers that, without the guarantee, BPP would have paid an interest rate at least equal to the reference interest rate plus 400 basis points because it was a company in difficulty providing a high level of collateralisation.
Komisija je zato mnenja, da bi morala banka BPP v obravnavanem primeru brez garancije plačati obrestno mero, ki bi ustrezala najmanj referenčni obrestni meri plus 400 baznih točk, ker je bilo podjetje v težavah, ki zagotavlja visoko raven zavarovanja.
The Commission considers the spread of 400 basis points to be appropriate given the high collateralisation of the loan (see recital 17), which increased the likelihood that the lender would be able to recover at least part of the loan notwithstanding the very distressed situation of BPP.
Komisija meni, da je zaradi visokega zavarovanja posojila (glej uvodno izjavo 17) razmik 400 baznih točk ustrezen, ker je povečal verjetnost, da bo posojilodajalec lahko izterjal vsaj del posojila kljub zelo težkemu položaju banke BPP.
The aid element of the guarantee thus consists in the difference between the reference interest rate plus 400 basis points and the interest rate at which the guaranteed loan was provided (i.e. EURIBOR + 100 basis points), after deduction of the price actually paid for the guarantee, i.e. 20 basis points.
Element pomoči garancije je tako sestavljen iz razlike med referenčno obrestno mero plus 400 baznih točk in obrestno mero, ki je bila določena za posojilo z garancijo (t. j. EURIBOR + 100 baznih točk), po odbitku cene, ki je bila dejansko plačana za garancijo, t. j. 20 baznih točk.
In this context the Commission also notes that Portugal has stated that it has already filed the necessary claims in order to enforce its privileged and priority rights over the collateral it holds over BPP and that it will continue to do so until it has recovered the full amount of the loan [25].
Pri tem Komisija ugotavlja tudi, da je Portugalska navedla, da je že vložila zahtevke, ki so potrebni za izvajanje privilegiranih in prednostnih pravic nad zavarovanjem, ki jih ima nad banko BPP in da bo s tem nadaljevala, dokler ne bo izterjan celoten znesek posojila [25].
The Commission considers that Portugal has an obligation to do so in order to enforce the provisions in the guarantee agreement; any failure to enforce its rights over the collateral in order to recover the full amount of the loan would constitute State aid in favour of BPP.
Komisija meni, da je Portugalska to dolžna storiti zaradi izvajanja določb garancijske pogodbe; kakršnokoli neizvajanje pravic nad zavarovanjem z namenom izterjave celotnega zneska posojila bi pomenilo državno pomoč v korist banke BPP.
Use of the EUR 450 million loan by BPP
Uporaba posojila v višini 450 milijonov EUR s strani banke BPP
The interested third party who submitted comments on the Commission Decision to open a formal investigation alleged that the EUR 450 million loan, instead of being used for the restructuring of BPP, was used to reimburse certain clients of the bank, penalising all the others.
Zainteresirana tretja stran, ki je predložila svoje pripombe v zvezi z odločitvijo Komisije o začetku formalnega postopka preiskave, trdi, da posojilo v višini 450 milijonov EUR ni bilo porabljeno za prestrukturiranje banke BPP, ampak za poplačilo nekaterih strank banke BPP, vsi drugi pa so bili oškodovani.
The Commission received information from the Portuguese authorities showing that the loan was used to reimburse creditors of BPP whose credits were due or whose credit lines were expiring and who decided not to extend the credits or renew the credit lines.
Komisija je od portugalskih organov prejela podatke, ki kažejo, da je bilo posojilo uporabljeno za poplačilo upnikov, katerih posojila so zapadla ali pa so se njihove kreditne linije iztekale in so se odločili, da posojil ali kreditnih linij ne bodo podaljšali.
The Commission did not find any substantiated evidence to sustain the allegations of the interested third party.
Komisija ni našla trdnih dokazov, ki bi podkrepili te trditve zainteresirane tretje strani.
In the light of the foregoing, the Commission concludes that the State guarantee conferred on BPP constitutes State aid within the meaning of Article 107(1) TFEU, which cannot be declared compatible with the internal market.
Glede na navedeno Komisija ugotavlja, da državna garancija, prenesena na banko BPP, pomeni državno pomoč v smislu člena 107(1) PDEU, ki se ne more šteti za združljivo notranjim trgom.
According to Article 14(1) of Regulation (EC) No 659/1999, where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary.
V členu 14(1) Uredbe (ES) št. 659/1999 je določeno, da če se v primerih nezakonite pomoči sprejmejo negativne odločbe, Komisija odloči, da mora zadevna država članica sprejeti vse potrebne ukrepe, da upravičenec vrne pomoč.
Only aid which is incompatible with the internal market must be recovered.
Vrniti je treba le pomoč, ki ni združljiva z notranjim trgom.
This is achieved once the incompatible aid is repaid by BPP, which therefore forfeits the advantage which it enjoyed over its competitors.
To je vzpostavljeno, ko banka BPP vrne nezdružljivo pomoč in s tem izgubi prednost, ki jo je imela pred svojimi konkurenčnimi ponudniki.
The amount to be recovered should be such as to eliminate the economic advantage given to BPP.
Znesek, ki ga je treba izterjati, mora biti tak, da se odpravi gospodarska prednost banke BPP.
According to point 3.1 of the Commission Notice on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees (hereinafter ‘Commission Notice on guarantees’) [26], in the case of an individual State guarantee, the aid element must be assessed by reference to the terms of the guarantee and loan.
Ob upoštevanju točke 3.1 Obvestila Komisije o uporabi členov 87 in 88 pogodbe ES za državno pomoč v obliki poroštev („Obvestilo Komisije o poroštvih“) [26], je pri posamezni državni pomoči treba element pomoči oceniti s sklicevanjem na pogoje poroštva in posojila.
In the light of the severe financial difficulties of BPP at the time the guarantee was given, it was highly unlikely that the company would have been able to obtain a bank loan on the market without State intervention.
Komisija glede na resne finančne težave banke BPP ob dodelitvi garancije meni, da je obstajalo zelo malo možnosti, da bi lahko podjetje pridobilo bančno posojilo na trgu brez posredovanja države.
For the exact quantification of the amount of aid, given that no appropriate market price can be determined for remuneration of the State guarantee, a reasonable benchmark has to be defined.
Če za povračilo državne garancije ni mogoče določiti ustrezne tržne cene, je za natančno določitev zneska pomoči treba opredeliti ustrezno merilo.
As set out in the first indent of point 3.2 of the Commission Notice on guarantees, the ‘cash grant equivalent’ of a loan guarantee in a given year can be calculated in the same way as the grant equivalent of a soft loan.
Kakor je določeno v prvi alineji točke 3.2 Obvestila Komisije o poroštvih, se „gotovinski ekvivalent dotacije“ poroštva za posojila v določenem letu lahko izračuna na enak način kot ekvivalent dotacije ugodnega posojila.
Hence the aid amount can be calculated as the difference between a theoretical market interest rate and the interest rate obtained by means of the State guarantee, after any premiums paid have been deducted.
To pomeni, da se znesek pomoči lahko izračuna kot razlika med teoretično tržno obrestno mero ter obrestno mero, pridobljeno z državnim poroštvom, potem ko se odštejejo morebiti plačane premije.
In the case at hand, given BPP’s financial difficulties and taking into account the collateral provided, BPP should have paid for a loan under market conditions, i.e. without a guarantee, the reference interest rate plus a risk premium of 400 basis points.
Ob upoštevanju finančnih težav banke BPP in zagotovljenega zavarovanja bi v obravnavanem primeru banka BPP morala posojilo plačati v skladu s tržnimi pogoji, tj. brez garancije, referenčno obrestno mero plus premijo za tveganje v višini 400 baznih točk.
The aid amount should therefore be calculated as the difference between this theoretical market rate and the interest rate at which the guaranteed loan was actually provided (i.e. EURIBOR + 100 basis points), after deduction of the price actually paid for the guarantee, i.e. 20 basis points.
Zato je treba znesek pomoči izračunati kot razliko med to teoretično tržno mero in dejansko obrestno mero posojila z garancijo (tj. EURIBOR + 100 baznih točk), po odbitku cene, ki je bila dejansko plačana za garancijo, tj. 20 baznih točk.
As regards the full amount of the loan itself, according to the Portuguese authorities, the Portuguese State has thus far taken all the necessary measures and steps in order to enforce its priority rights over the collateral it holds from BPP (the value of which has been estimated at significantly above the loan value) [27].
Po trditvah portugalskih organov je glede celotnega zneska posojila portugalska država že sprejela vse ukrepe, potrebne za izvajanje njenih privilegiranih in prednostnih pravic nad zavarovanjem, ki ga ima iz banke BPP (njegova ocenjena vrednost je znatno višja od vrednosti posojila) [27].
The Commission assumes that the Portuguese State will continue to enforce those rights, thereby obtaining the full loan amount within the liquidation process as it has itself stated in its reply of 15 June 2010 [28].
Komisija predvideva, da bo portugalska država še naprej izvajala te pravice in, kot je sama navedla v odgovoru z dne 15. junija 2010 [28], v času likvidacijskega postopka pridobila celoten znesek posojila.
The amount referred to in recital 83 constitutes the amount to be recovered, plus the interest effectively accrued on that amount from the date on which the aid was put at the disposal of the beneficiary (5 December 2008) until its actual recovery.
Treba je izterjati znesek iz člena 83, skupaj z obrestmi, ki so dejansko obračunane za ta znesek od datuma, ko je bila pomoč dana na razpolago upravičencu (5. december 2008), do datuma vračila.
That interest cannot be lower than the amount calculated pursuant to Article 9 of Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EC) No 659/1999 [29],
Navedene obresti ne morejo biti manjše od izračuna v skladu s členom 9 Uredbe Komisije (ES) št. 794/2004 z dne 21. aprila 2004 o izvajanju Uredbe Sveta (ES) št. 659/1999 [29] –
The State aid involved in the guarantee relating to a EUR 450 million loan unlawfully granted by Portugal, in breach of Article 108(3) of the Treaty on the Functioning of the European Union, in favour of Banco Privado Português is incompatible with the internal market.
Državna pomoč vključena v garancijo, ki jo je Portugalska nezakonito dodelila za posojilo v višini 450 milijonov EUR v korist Banco Privado Português in s tem kršila člen 108(3) Pogodbe o delovanju Evropske unije, je nezdružljiva z notranjim trgom.
Portugal shall recover the aid referred to in Article 1 from the beneficiary.
Portugalska od upravičenca izterja pomoč iz člena 1.
The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiary until their actual recovery.
Zneskom, ki jih je treba vrniti, se pripišejo obresti za obdobje od datuma, ko jih je upravičenec dobil na voljo, do dejanskega vračila.
The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004.
Obresti se izračunajo z obrestnoobrestnim računom v skladu s poglavjem V Uredbe (ES) št. 794/2004.
Portugal shall ensure that this Decision is implemented within 4 months following the date of notification of this Decision.
Portugalska zagotovi, da se ta sklep izvede v štirih mesecih po tem, ko je bila o njem uradno obveščena.
Within 2 months following notification of this Decision, Portugal shall submit the following information to the Commission:
Portugalska v dveh mesecih po tem, ko je bila uradno obveščena o tem sklepu, Komisiji predloži naslednje informacije:
a detailed description of the measures already taken and planned to comply with this Decision;
podroben opis že sprejetih in načrtovanih ukrepov za uskladitev s tem sklepom in
documents demonstrating that the Portuguese State has enforced its priority rights over the collateral offered by Banco Privado Português in the context of the guarantee.
dokumente, ki dokazujejo, da je portugalska država v okviru garancije izvedla svoje privilegirane in prednostne pravice nad zavarovanjem, ki ga je ponudila Banco Privado Português.
Portugal shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 1 has been completed.
Portugalska Komisijo obvešča o napredku v zvezi s sprejetimi nacionalnimi ukrepi za izvajanje tega sklepa, dokler se vračanje pomoči iz člena 1 ne konča.
It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision.
Na zahtevo Komisije takoj predloži informacije o že sprejetih in načrtovanih ukrepih za uskladitev s tem sklepom.
It shall also provide detailed information concerning the amounts of aid and interest already recovered from the beneficiary.
Predloži tudi podrobne informacije o zneskih pomoči in obrestih, ki jih je upravičenec že vrnil.
OJ C 56, 6.3.2010, p. 10.
UL C 56, 6.3.2010, str. 10.
OJ C 174, 28.7.2009, p. 1.
UL C 174, 28.7.2009, str. 1.
Decision of 29 October 2008 in Case NN 60/08 – Guarantee scheme for credit institutions in Portugal.
Odločba z dne 29. oktobra 2008 v zadevi NN 60/08 – Garancijska shema za kreditne institucije na Portugalskem.
The Portuguese authorities presented a new Bank of Portugal estimate, dated 7 May 2010, evaluating the collateral at EUR 582 million.
Portugalski organi so predstavili novo oceno Banke Portugalske z dne 7. maja 2010, ki ocenjuje vrednost zavarovanja na 582 milijonov EUR.
According to the Portuguese authorities this date may be extended up to a maximum period of 10 years from the date of the establishment of the FEI.
Po trditvah portugalskih organov se ta datum lahko podaljša za največ deset let od datuma ustanovitve FEI.
The loan agreement provided that the dissolution or insolvency of BPP would trigger the early reimbursement of the guaranteed amount from BPP (Article 16).
Posojilna pogodba je določala, da prenehanje delovanja banke BPP ali njena plačilna nesposobnost sproži predčasno povračilo zneska, zavarovanega z garancijo (člen 16).
According to the Portuguese authorities, the revocation of BPP’s licence by the Bank of Portugal implies such dissolution and, therefore, under the contract the loan amounts became due and were called in by the bank acting as agent under the loan agreement.
Po trditvah portugalskih organov dejstvo, da je Banka Portugalske banki BPP odvzela bančno dovoljenje, pomeni tako prenehanje delovanja in so zato v skladu s pogodbo zneski posojila zapadli in jih je unovčila banka, ki je v skladu s posojilno pogodbo delovala kot posrednik.
See page 8 of the reply of 15 June 2010.
Glej stran 8 odgovora z dne 15. junija 2010.
Commission Communication on ‘The application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis’ (the ‘Banking Communication’) ( OJ C 270, 25.10.2008, p. 8).
Sporočilo Komisije o „uporabi pravil o državni pomoči za ukrepe v zvezi s finančnimi institucijami v okviru trenutne svetovne finančne krize“ ( „Sporočilo o bančništvu“) ( UL C 270, 25.10.2008, str. 8).
Reply II – 1 and 2 of 15 June 2010.
Odgovor II – 1 in 2 z dne 15. junija 2010.
Reply II – 1.2 of 13 April 2010.
Odgovor II - 1.2 z dne 13. aprila 2010.
Reply of 15 June 2010.
Odgovor z dne 15. junija 2010.
Recitals 21 to 24 of the Decision.
Uvodne izjave 21 do 24 Odločbe.
Recitals 34, 38 and 39.
Uvodne izjave 34, 38 in 39.