natgillin/translations-raw huggingface dataset:
The French authorities justify the fact that the load factors forecasted for the coming years are higher than those observed in the past on the basis of the introduction from 2006 of a new information system allowing optimisation and rationalisation of the loading of these vessels.
Francoski organi menijo, da bodo pričakovane stopnje zasedenosti v prihodnjih letih višje od stopenj, ugotovljenih v preteklosti, kar utemeljujejo s tem, da je bil leta 2006 vzpostavljen nov informacijski sistem, ki omogoča optimizacijo in racionalizacijo zasedenosti zadevnih ladij.
In their opinion, this system in particular has allowed low profitability crossings to be identified and withdrawn from the SeaFrance schedule.
V zvezi s tem navajajo, da je ta sistem omogočil zlasti opredelitev slabo donosnih prevozov, ki so bili umaknjeni iz ponudbe družbe SeaFrance.
Furthermore, the French authorities emphasise the fact that between 2000 and 2007, the period taken into account by the Commission, SeaFrance’s operating activities were organised in the form of shuttles, irrespective of the intensity of demand.
Francoski organi poleg tega poudarjajo, da je bila dejavnost družbe SeaFrance v obdobju med letoma 2000 in 2007, ki ga je upoštevala Komisija, organizirana kot redna linija ne glede na intenzivnost povpraševanja.
The French authorities also justify the lower load factors of SeaFrance’s competitors by the operating method chosen by the competitors.
Francoski organi tudi dejstvo, da je stopnja zasedenosti pri družbi SeaFrance nižja od stopnje zasedenosti pri njenih konkurentkah, utemeljujejo z načinom delovanja teh družb.
In their opinion, P&O had a large number of vessels and a ‘shuttle’ type service exerting a downwards influence on the load factor.
Tako navajajo, da je imela družba P&O precej ladij in da je zagotavljala tudi izmenične prevoze, zaradi katerih se je njena stopnja zasedenosti znižala.
As regards DFDS, the specialised nature of its vessels would preclude the optimisation of its loads according to their individual profitability.
Kar zadeva družbo DFDS, naj zaradi specializiranosti njenih ladij optimizacija zasedenosti na podlagi posamične donosnosti ne bi bila mogoča.
Moreover, on account of the length of its crossings, DFDS would be forced to offer a shuttle service over long periods.
Poleg tega naj bi bila ta družba zaradi dolgih prevozov prisiljena izoblikovati ponudbo, opredeljeno na podlagi izmenjevanja daljših obdobij.
Finally, the high capacity of its vessels would automatically lower the average load factors of DFDS through crossings with low demand.
In še nazadnje, zaradi velike zmogljivosti njenih ladij naj bi se samodejno zmanjševale njene povprečne stopnje zasedenosti, saj naj bi bilo povpraševanje za nekatere od njenih prevozov majhno.
Furthermore, the French authorities reacted to the Commission’s doubts and to the comments of third parties concerning taking into account the risks (fuel costs, depreciation of sterling), which is necessary to evaluate the credibility of the restructuring plan.
Francoski organi so se poleg tega odzvali tudi na pomisleke Komisije in pripombe tretjih strani, kar zadeva dejstvo, da je treba pri oceni verodostojnosti načrta za prestrukturiranje upoštevati nekatera tveganja (cena goriva, depreciacija britanskega funta).
They emphasise firstly that the financial hedging policy in the form of foreign exchange contracts will be resumed by SeaFrance as soon as the judicial reorganisation is over.
V zvezi s tem najprej poudarjajo, da bo družba SeaFrance nadaljevala politiko finančnega kritja s posli zamenjave, takoj ko se bo v zvezi z njo končal postopek prisilne uprave.
They then explain that the company applies a ‘bunker adjustment factor’ (hereinafter: ‘BAF’) which covers about 40 % of the additional cost associated with the increase in the price of fuel above EUR 285 per tonne and that after 2015, the BAF will be supplemented by a new surcharge taking account of the obligation to consume fuel with 0,1 % sulphur content.
Nato še pojasnjujejo, da družba uporablja faktor „Bunker Ajustement Factor“, ki vključuje približno 40 % dodatnih stroškov, povezanih s povišanjem cene goriva nad 285 EUR na tono po letu 2015, in da bo ta faktor dopolnjen z novim dodatkom, s katerim bo upoštevana obveznost uporabe goriva z manj kot 0,1-odstotno vsebnostjo žvepla.
As regards the depreciation of sterling, the French authorities specify firstly that the policy of hedging part of the monthly balances in sterling by forward sales based on the budgetary rate, interrupted on account of the judicial reorganisation procedure, will be applied once more as soon as this procedure is over.
Kar zadeva depreciacijo britanskega funta, francoski organi najprej pojasnjujejo, da se bo politika kritja dela mesečnih neporabljenih sredstev v britanskih funtih v obliki terminske prodaje na podlagi določenega menjalnega tečaja, ki je bila prekinjena zaradi postopka prisilne uprave, ob koncu tega postopka nadaljevala.
Concerning the other measures mentioned in recital 96 of the decision to initiate the procedure, the French authorities specify that their effects were not taken into account in the business plan as they are difficult to quantify.
Kar zadeva druge ukrepe, navedene v uvodni izjavi 96 odločitve o začetku postopka, francoski organi pojasnjujejo, da njihovi učinki v načrtu te zadeve niso bili upoštevani, ker jih je težko številčno opredeliti.
However, these measures would be likely to generate savings.
Vendar naj bi bilo mogoče s temi ukrepi doseči prihranke.
Concerning the prevention of any excessive distortion of competition
Preprečevanje morebitnega prevelikega izkrivljanja konkurence
As regards the prevention of any excessive distortion of competition, the French authorities wish to confirm that the sale of the two vessels, the Renoir and the Cézanne, did indeed occur on 7 July 2011 at the price of USD [0-10] million (EUR [0-10] million).
Kar zadeva preprečevanje morebitnega prevelikega izkrivljanja konkurence, želijo francoski organi potrditi, da sta bili dve ladji, to je Renoir in Cézanne, prodani 7. julija 2011 za ceno [0–10] milijonov USD ([0–10] milijonov EUR).
Concerning SeaFrance’s own contribution to the restructuring plan
Lastni prispevek družbe SeaFrance k načrtu za prestrukturiranje
According to the French authorities, a first part of SeaFrance’s own contribution to the restructuring plan consists of the proceeds from the sale of the vessels Renoir and Cézanne, as well as the expected income from the sale of the vessel Nord Pas de Calais.
Francoski organi navajajo, da so prvi del lastnega prispevka družbe SeaFrance k načrtu za prestrukturiranje prihodki od prodaje ladij Renoir in Cézanne ter pričakovani prihodki od prodaje ladje Nord Pas-de-Calais.
The French authorities consider in addition that the two loans described in recitals 28 to 33 are exempt from State aid and that the loan of EUR 99,8 million must be considered as an own contribution.
Francoski organi poleg tega menijo, da v posojili, opisani v uvodnih izjavah 28 do 33 tega sklepa, ni všteta nobena državna pomoč in da je treba posojilo v višini 99,8 milijona EUR obravnavati kot lastni prispevek.
According to the French authorities, to evaluate the existence of aid, the Commission must take only the Reference Rates Communication as a basis.
Po njihovem mnenju se mora Komisija pri oceni, ali gre za pomoč, opreti izključno na sporočilo o referenčnih obrestnih merah.
They point out that the Commission applied this Communication in its decision to initiate the procedure concerning the loan granted to ČSA – Czech Airlines by the publicly owned company Osinek [30] and in its decision concerning the loans granted by the Hungarian Development Bank in favour of Hungarian fertiliser producer Péti Nitrogénmüvek [31].
Glede tega opozarjajo, da je Komisija uporabila to sporočilo v odločitvi o začetku postopka v zvezi s posojilom, ki ga je družbi ČSA – Czech Airlines dodelil javni organ Osinek [30], in v sklepu v zvezi s posojili, ki jih je madžarska razvojna banka dodelila madžarskemu proizvajalcu gnojil Péti Nitrogénmüvek [31].
They consider that, for the reasons described in recitals 28 to 33, the two loans do not constitute aid.
Po njihovem mnenju iz razlogov, opisanih v uvodnih izjavah 28 do 33 tega sklepa, posojili iz te zadeve nista pomoč.
ASSESSMENT OF THE AID
PRESOJA UKREPOV POMOČI
According to Article 107(1) TFEU, ‘any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Member States, be incompatible with the internal market’.
V skladu s členom 107(1) PDEU „je vsaka pomoč, ki jo dodeli država članica, ali kakršna koli vrsta pomoči iz državnih sredstev, ki izkrivlja ali bi lahko izkrivljala konkurenco z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga, nezdružljiva z notranjim trgom, kolikor prizadene trgovino med državami članicami“.
The classification of a measure as State aid presupposes that the following cumulative conditions are satisfied, i.e.: 1) the measure in question confers an advantage, 2) this advantage is granted through State resources, 3) this advantage is selective and 4) the measure in question distorts or threatens to distort competition and is liable to affect trade between Member States [32].
Da se ukrep opredeli kot državna pomoč, morajo biti izpolnjeni vsi navedeni pogoji: 1) z zadevnim ukrepom se daje prednost, 2) ta prednost je dodeljena iz državnih sredstev, 3) ta prednost je selektivna in 4) zadevni ukrep izkrivlja konkurenco ali bi lahko izkrivljal konkurenco in lahko prizadene trgovino med državami članicami [32].
The present decision covers three aid measures: the recapitalisation and the two loans described in recitals 28 to 33.
V tem sklepu se obravnavajo trije ukrepi pomoči, in sicer dokapitalizacija in posojili, opisani v uvodnih izjavah 28 do 33 tega sklepa.
Recapitalisation of SeaFrance
Dokapitalizacija družbe SeaFrance
The French authorities themselves consider in their notification that the capital increase in favour of SeaFrance constitutes State aid.
Francoski organi v priglasitvi tudi sami menijo, da je povečanje kapitala družbe SeaFrance državna pomoč.
By their notification, the French authorities admit that the recapitalisation measure is imputable to the State and that it confers a selective advantage on SeaFrance alone.
Francoski organi s priglasitvijo priznavajo, da je mogoče ukrep dokapitalizacije pripisati državi in da je z njim podeljena selektivna prednost le družbi SeaFrance.
As regards the existence of an advantage, the Commission considers that, for the reasons to be explained in section 7.2.1, SeaFrance constitutes a firm in difficulty.
Kar zadeva obstoj prednosti, Komisija iz razlogov, pojasnjenih v oddelku 7.2.1, meni, da je družba SeaFrance podjetje v težavah.
In view of the very difficult situation of SeaFrance and the fact that it has been placed under the judicial reorganisation procedure, the company would be unable to cope with the implementation of its restructuring plan and its cash requirements.
Ker je ta družba v zelo slabem položaju in v zvezi z njo poteka postopek prisilne uprave, ne bi mogla izvesti načrta za prestrukturiranje in si zagotoviti potrebnih denarnih sredstev.
In such circumstances, a private operator would not have contributed capital.
V takih okoliščinah zasebni gospodarski subjekt ne bi vložil kapitala.
In addition, the French authorities did not even try to demonstrate that the expected return corresponds to that which a private investor would have required.
Francoski organi poleg tega niso niti poskusili dokazati, da se pričakovana donosnost ujema z donosnostjo, ki bi jo zahteval zasebni vlagatelj.
The measure therefore constitutes a selective advantage since only SeaFrance benefits from it.
Torej je z ukrepom zagotovljena selektivna prednost, saj je do njega upravičena le družba SeaFrance.
It is granted through public resources, since the SNCF is a public undertaking.
Dodeljen je iz javnih sredstev, saj je družba SNCF javno podjetje.
It is imputable to the State.
Zato ga je mogoče pripisati državi.
As regards the effect on competition and on trade within the Union, it should first be pointed out that, according to established case-law, as soon as an undertaking operates in a sector where producers from various Member States are effectively competing, any aid that this undertaking may receive from the public authorities is liable to affect trade between Member States and damage competition, inasmuch as its continuing presence on the market prevents competitors from increasing their market share [33].
Kar zadeva učinek na konkurenco in vpliv na trgovino v Uniji, je treba opozoriti, da lahko na podlagi ustaljene sodne prakse vsaka pomoč, ki jo prejme podjetje od javnih organov, če deluje v sektorju, v katerem konkurirajo proizvajalci iz različnih držav članic, vpliva na trgovino med državami članicami in izkrivlja konkurenco, ker njegova ohranitev na trgu konkurenčnim podjetjem iz drugih držav članic preprečuje, da bi povečala svoj tržni delež [33].
In this respect, the fact that an economic sector has been liberalised at Union level constitutes evidence that the aid may have a real or potential effect on competition and on trade between Member States [34].
V zvezi s tem je dejstvo, da je ekonomski sektor liberaliziran na ravni Unije, dokaz, da lahko pomoč dejansko ali potencialno vpliva na konkurenco in trgovino med državami članicami [34].
In this context, it is important to point out that Council Regulation (EEC) No 4055/86 of 22 December 1986 applying the principle of freedom to provide services to maritime transport between Member States and between Member States and third countries [35] fully liberalised maritime transport between Member States as of 1 January 1993.
V tem okviru je treba opozoriti, da je bil z Uredbo Sveta (EGS) št. 4055/86 z dne 22. decembra 1986 o uporabi načela svobode opravljanja storitev v pomorskem prometu med državami članicami ter med državami članicami in tretjimi državami [35] pomorski promet med državami članicami 1. januarja 1993 popolnoma liberaliziran.
In the present case, as previously established, there is modal competition with the other maritime operators in a liberalised sector and also intermodal competition, especially with railway transport [36].
Kot je bilo že ugotovljeno, v obravnavanem primeru obstajata „modalna“ konkurenca s preostalimi gospodarskimi subjekti v liberaliziranem pomorskem sektorju in „intermodalna“ konkurenca, zlasti s prevozniki v železniškem prometu [36].
The Commission concludes from this that the recapitalisation is likely to strengthen the position of the company in relation to its competitors in trade between the Member States of the Union.
Komisija na podlagi tega meni, da bi lahko ukrep dokapitalizacije okrepil položaj zadevnega podjetja v trgovini med državami članicami Unije v primerjavi s konkurenčnimi podjetji.
The measure therefore affects trade between Member States and is liable to cause distortions of competition.
Ukrep bi torej prizadel trgovino med državami članicami in bi lahko povzročil tudi izkrivljanje konkurence.
In the light of the above, the Commission considers that the measure in question constitutes State aid within the meaning of Article 107(1) TFEU.
Komisija na podlagi navedenega meni, da je zadevni ukrep državna pomoč v smislu člena 107(1) PDEU.
The loans described in recitals 28 to 33
Posojili, opisani v uvodnih izjavah 28 do 33 obrazložitve tega sklepa
France considers that the two loans described in recitals 28 to 33 are granted under market conditions and therefore respect the principle of the private market economy investor (see recital 116).
Francija meni, da sta bili posojili, opisani v uvodnih izjavah 28 do 33 tega sklepa, dodeljeni pod tržnimi pogoji in da se z njima upošteva načelo zasebnega vlagatelja v tržnem gospodarstvu (glej uvodno izjavo 116 tega sklepa).
The Commission does not agree with this analysis.
Komisija se s tako analizo ne strinja.
In fact, in the present case, the SNCF has already granted aid to SeaFrance, notably rescue aid, and is planning to grant new aid, i.e. the recapitalisation.
V obravnavanem primeru je namreč družba SNCF družbi SeaFrance že dodelila pomoči, zlasti pomoč za reševanje, in ji namerava dodeliti še eno v obliki dokapitalizacije.
The loans pursue the same purpose as the other aid measures, i.e. the rescue and restructuring of SeaFrance.
Posojili imata enak namen kot druge pomoči, to je reševanje in prestrukturiranje družbe SeaFrance.
They will be granted at a time when SeaFrance is a firm in difficulty and at the same time as the restructuring aid.
Dodeljeni bosta v času, ko je družba SeaFrance podjetje v težavah, in hkrati s pomočmi za prestrukturiranje.
This is self-evident as regards the loan of EUR 99,7 million, which is intended – just like the recapitalisation – to enable SeaFrance to meet its current capital requirements.
To je samo po sebi umevno za posojilo v višini 99,7 milijona EUR, katerega namen je – podobno kot pri dokapitalizaciji – družbi SeaFrance omogočiti, da zadovolji potrebe po tekočem kapitalu.
However, it is also true of the loan of EUR [40-70] million, which serves to refinance and exercise the purchase option under the leasing contract for the vessel Molière earlier than provided for.
Vendar pa enako velja tudi za posojilo v višini [40–70] milijonov EUR, katerega namen je refinanciranje in poplačilo lizinga za ladjo Molière pred predvidenim rokom.
In fact, the financing of means of production, here the vessel, is closely linked to the day-to-day activities of SeaFrance.
Financiranje obratovalnih sredstev, v tem primeru ladje, je namreč tesno povezano z običajnimi dejavnostmi družbe SeaFrance.
Through the refinancing and early purchase under the leasing contract, SeaFrance aims to reduce its operating costs, which comes under the restructuring of the company.
Družba SeaFrance želi namreč z refinanciranjem in vnaprejšnjim poplačilom lizinga zmanjšati svoje obratovalne stroške, kar spada pod prestrukturiranje podjetja.
Consequently, the loan of EUR [40-70] million also comes under the logic of restructuring SeaFrance.
Zato je treba tudi posojilo v višini [40–70] milijonov EUR obravnavati kot del prestrukturiranja družbe SeaFrance.
In its BP Chemicals judgment, the Court of First Instance clarified that in such a situation, it is appropriate to analyse the loans, from the point of view of State aid, not in isolation, but together with the other measures [37].
Splošno sodišče je v sodbi v zadevi BP Chemicals pojasnilo, da v takih okoliščinah posojil z vidika državnih pomoči ni mogoče preučiti posamično, ampak jih je treba obravnavati v povezavi z drugimi ukrepi [37].
According to the judgment of the Court of First Instance, it is true that the mere fact that a public undertaking has already made capital injections into a subsidiary which are classed as ‘aid’ does not, in principle, mean that a further capital injection cannot be classed as an operation which satisfies the private market economy investor test.
Iz sodne prakse Splošnega sodišča izhaja, da le zato, ker je javno podjetje svoji hčerinski družbi že pomagalo s „kapitalskimi injekcijami“, ki jih je mogoče opredeliti kot „pomoči“, še ni mogoče a priori izključiti možnosti, da je mogoče nadaljnji ukrep opredeliti kot transakcijo, s katero je izpolnjeno merilo zasebnega vlagatelja v tržnem gospodarstvu.
However, the Court considers that, in a case which concerned three capital injections made by the same investor over a period of two years, the first two of which brought no return, it was for the Commission to determine whether the third injection could reasonably be dissociated from the first two and classed, for the purposes of the private investor test, as an independent investment.
Vendar je Splošno sodišče še menilo, da mora Komisija v okoliščinah, v katerih je isti vlagatelj v dveh letih zagotovil tri „finančne injekcije“, pri čemer prvi dve v nobenem pogledu nista bili donosni, preveriti, ali je mogoče tretjo razumno ločiti od prvih dveh in jo z vidika merila zasebnega vlagatelja obravnavati kot samostojno naložbo.
The Court considers that the considerations relevant to determining whether the subsequent measure could reasonably be dissociated from the first two and classed, for the purposes of the private investor test, as an independent investment, include in particular the timing of the capital injections in question, their purpose and the subsidiary’s situation at the time when each decision to make an injection was made.
Po mnenju Splošnega sodišča je treba med elementi, ki jih je treba upoštevati pri presoji, ali je mogoče nadaljnji ukrep razumno ločiti od prvih dveh in ga z vidika merila zasebnega vlagatelja obravnavati kot samostojno naložbo, upoštevati zlasti časovni razpored zadevnih „injekcij“, njihov namen in položaj hčerinskega podjetja v obdobju, ko so bile sprejete odločitve o posameznih „injekcijah“.
France does not dispute the fact that the recapitalisation constitutes aid, as it has no prospect of obtaining a return corresponding to that which a private investor would have demanded.
Francija ne izpodbija dejstva, da je dokapitalizacija pomoč, saj nima nobene možnosti, da bi si z njo zagotovila donosnost, ki bi jo pričakoval zasebni vlagatelj.
Since the two loans have the same purpose as the recapitalisation, i.e. the financing of the restructuring costs, and since the economic situation of the company is unchanged (it is in difficulty) and the loans are granted at the same time as the recapitalisation, these loans cannot reasonably be dissociated from the rescue aid and the recapitalisation.
Ker imata posojili enak namen kot dokapitalizacija, to je financiranje stroškov prestrukturiranja, ter se ekonomski položaj podjetja ni spremenil (je v težavah) in sta bili posojili dodeljeni hkrati z dokapitalizacijo, ju ni mogoče razumno ločiti od pomoči za reševanje in dokapitalizacije.
Taken as a whole, the return on the rescue aid and on the recapitalisation and the two loans is below the return that a private market economy investor would require.
Donosnost vseh zadevnih ukrepov – to je pomoči za reševanje, dokapitalizacije in zadevnih dveh posojil – je manjša od donosnosti, ki bi jo zahteval zasebni vlagatelj v tržnem gospodarstvu.
The following developments are therefore set out for the sake of completeness.
Zato so spodnja pojasnila navedena le zaradi popolnosti.
The French authorities cite the Reference Rates Communication to justify the absence of aid as regards the two loans.
Francoski organi se v podporo trditvi, da zadevni posojili nista pomoč, sklicujejo na sporočilo o referenčnih obrestnih merah.
They consider that, in view of the company rating (CCC) and the collateral offered (normal), the rate must amount to 8,55 %, i.e. EURIBOR 12 months plus 650 basis points.
Po njihovem mnenju mora obrestna mera ob upoštevanju bonitetne ocene podjetja (CCC) in ponujenega (običajnega) zavarovanja znašati 8,55 %, kar se ujema z enoletno obrestno mero EURIBOR, povečano za 650 bazičnih točk.
The French authorities consider that this is a conservative application of the Reference Rates Communication.
Francoski organi menijo, da gre za konservativno uporabo sporočila o referenčnih obrestnih merah.
Even if the two loans were to be assessed in isolation – which is not the case –, the French authorities would not have demonstrated that they were granted at a market rate.
Tudi če bi bilo treba zadevni posojili presojati ločeno – kar pa ne drži –, francoski organi niso dokazali, da sta bili dodeljeni s tržno obrestno mero.
In this case, since the provider of the aid is also supplying the loan, in order to ensure that the proposed remuneration does in fact correspond to market remuneration, the Commission must take operators external to the SNCF as a basis.
Ker je v obravnavanem primeru pomoč in posojili podelil isti subjekt, se mora Komisija, da bi se prepričala, ali se predlagano obrestovanje resnično ujema s tržnim obrestovanjem, opreti na akterje zunaj družbe SNCF.