natgillin/translations-raw huggingface dataset:
The Commission asked the French authorities on several occasions to produce an example of an offer from an independent financial institution.
Komisija je francoske organe večkrat pozvala, naj ji predložijo primer ponudbe neodvisne finančne ustanove.
This offer was never produced.
Taka ponudba ni bila nikoli predložena.
Furthermore, the Commission also carried out a market survey.
Komisija je poleg tega opravila še tržno raziskavo.
According to the Commission’s estimates, with normal collateral, the rate on the loans, to be in line with market conditions, should be around 14 % (5-year swap rate of 2,825 % [39] + average CDS [40] below B- (i.e. CCC) of 11,18 % + premium of 0,2 %).
Po njenih ocenah bi morale obrestne mere posojil za zagotovitev običajnega zavarovanja – da bi bile združljive s trgom – znašati približno 14 % (valutna zamenjava („swap“) v petih letih v višini 2,825 % [39] + povprečje poslov kreditnih zamenjav [40] pod bonitetno oceno B– (torej CCC) v višini 11,18 % + premija 0,2 %).
In addition, on several occasions [42], the Commission asked the French authorities to consider external financing or to produce a rating or a rate proposal from a commercial bank.
Komisija je poleg tega francoske organe večkrat [42] pozvala, naj preučijo možnost zunanjega financiranja ali naj predložijo kotacijo ali predlagane obrestne mere, ki jih je ponudila komercialna banka.
These suggestions were not formally followed up.
Nobenemu od teh predlogov ni bilo formalno zadoščeno.
Finally, the arguments put forward by the French authorities under recital 116 that the Commission applied the Reference Rates Communication in two recent procedures could not be accepted.
Nazadnje ni mogoče sprejeti niti trditev francoskih organov iz uvodne izjave 116 tega sklepa, da je Komisija v dveh nedavnih postopkih uporabila sporočilo o referenčnih obrestnih merah.
In fact, as regards these two procedures, one of which is still in progress, the issues were different.
Problematika iz teh dveh postopkov, od katerih eden še poteka, je bila namreč drugačna.
As regards Péti Nitrogénmüvek, all the measures under examination constituted State aid.
Kar zadeva družbo Péti Nitrogénmüvek, so bili vsi preučevani ukrepi državne pomoči.
As for Osinek, the Commission has not yet taken a final decision and at the time when the loan was granted, no aid measure had been notified.
Kar zadeva družbo Osinek, Komisija še ni sprejela dokončne odločitve, ob dodelitvi posojila pa ni bil priglašen noben ukrep pomoči.
The Commission concludes that the loans used to finance the own contribution and the early exercise of the purchase option for the vessel Molière also confer an advantage on SeaFrance.
Komisija meni, da je družba SeaFrance pridobila prednost tudi s posojiloma, katerih namen je financirati lastni prispevek in predčasno uveljavitev opcije odkupa ladje Molière.
For the reasons set out in recitals 121 to 126, the other three conditions for the existence of aid (selective advantage granted through public resources, effect on competition and effect on intra-Community trade) are also satisfied.
Iz razlogov, navedenih v uvodnih izjavah 122 do 126 tega sklepa, so izpolnjeni tudi preostali pogoji za obstoj pomoči (selektivna prednost, dodeljena iz javnih sredstev, učinek na konkurenco in vpliv na trgovino med državami članicami).
These loans therefore constitute State aid.
Ta posojila so torej državne pomoči.
The rescue aid
Pomoč za reševanje
For the reasons set out in recitals 30 to 47 of the Commission decision of 18 August 2010, the loan granted by the SNCF to SeaFrance as rescue aid constitutes aid within the meaning of Article 107(1) TFEU.
Iz razlogov, navedenih v uvodnih izjavah 30 do 47 sklepa Komisije z dne 18. avgusta 2010, je posojilo, ki ga je družba SNCF dodelila družbi SeaFrance kot pomoč za reševanje, pomoč v smislu člena 107(1) PDEU.
Compatibility of the three aid measures
Združljivost zadevnih treh ukrepov pomoči
In view of the purpose of the three restructuring aid measures in question and the claims made by the French authorities in the context of their notifications, the Commission considers that the compatibility of the three aid measures with the internal market must be analysed on the basis of Article 107(3)(c) TFEU and in the light of the Guidelines.
Komisija meni, da je treba glede na namen zadevnih treh ukrepov pomoči za prestrukturiranje in trditve, ki so jih francoski organi navedli v priglasitvah, o združljivosti z notranjim trgom teh ukrepov pomoči presojati na podlagi člena 107(3)(c) PDEU in ob upoštevanju smernic.
To be able to qualify for restructuring aid, a firm must be regarded as a firm in difficulty within the meaning of Section 2.1 of the Guidelines.
Da lahko podjetje prejme pomoč za prestrukturiranje, ga mora biti mogoče opredeliti kot podjetje v težavah v smislu oddelka 2.1 smernic.
In this respect, the Commission considers that SeaFrance is a firm in difficulty within the meaning of point 10(a) of the Guidelines, since more than half of its registered capital has disappeared, falling from EUR 81,7 million in 2007 to EUR 57,7 million in 2008 and to EUR – 0,69 million in 2009 (i.e. a reduction of more than 100 %, by EUR 82,4 million between 2007 and 2009), and more than one quarter of that capital has been lost over the preceding 12 months, since it fell from EUR 57,7 million in 2008 to EUR – 0,69 million in 2009.
Komisija v zvezi s tem meni, da je družba SeaFrance podjetje v težavah v smislu točke 10(a) smernic, saj je bila izgubljena več kot polovica njenega osnovnega kapitala, ki se je z 81,7 milijona EUR leta 2007 zmanjšal na 57,7 milijona EUR leta 2008 in na –0,69 milijona EUR leta 2009 (kar pomeni več kot 100-odstotno zmanjšanje v višini 82,4 milijona EUR med letoma 2007 in 2009), ter je bila v preteklih dvanajstih mesecih izgubljena več kot četrtina tega kapitala, ki se je s 57,7 milijona EUR leta 2008 zmanjšal na –0,69 milijona EUR leta 2009.
In addition, SeaFrance can also be considered as being in difficulty within the meaning of point 10(c) of the Guidelines on the grounds that it fulfils the criteria for being the subject of collective insolvency proceedings.
Poleg tega je mogoče družbo SeaFrance obravnavati kot podjetje v težavah tudi na podlagi točke 10(c) smernic, ker izpolnjuje merila za uvedbo kolektivnih postopkov insolventnosti.
In fact, as indicated in recital 10, SeaFrance was placed under a judicial reorganisation procedure on 30 June 2010 by the Paris Commercial Court.
Kot je namreč navedeno v uvodni izjavi 10 tega sklepa, je bil v zvezi s to družbo 30. junija 2010 pri Tribunal de Commerce de Paris uveden postopek prisilne uprave.
Furthermore, the conditions set out under point 13 of the Guidelines are also satisfied as, although belonging to the SNCF group, SeaFrance’s difficulties relate specifically to itself and are not the result of an arbitrary allocation of costs within the group.
Izpolnjeni so tudi pogoji iz točke 13 smernic, saj je družba SeaFrance sicer res del družbe SNCF, vendar je vzrok njenih težav v podjetju samem in te niso posledica samovoljnega prerazporejanja stroškov v skupini.
In the decision to initiate the formal investigation procedure, the Commission considered that SeaFrance’s own contribution to the restructuring effort was uncertain and insufficient according to the provisions of the Guidelines.
Komisija je v odločitvi o začetku formalnega postopka preiskave menila, da je lastni prispevek družbe SeaFrance k prizadevanjem za prestrukturiranje z vidika določb smernic negotov in nezadosten.
In the modified restructuring plan, the French authorities propose an own contribution from SeaFrance of EUR [80-130] million, consisting in the following measures:
Francoski organi v spremenjenem načrtu za prestrukturiranje predlagajo lastni prispevek družbe SeaFrance v višini [80–130] milijonov EUR, ki bi vključeval naslednje ukrepe:
a loan of EUR 99,7 million at 8,55 % to finance the restructuring of SeaFrance;
posojilo v višini 99,7 milijona EUR z 8,55-odstotno obrestno mero za financiranje prestrukturiranja družbe SeaFrance;
the planned sale of the freight vessel Nord-Pas-de-Calais (market value estimated at EUR [0-10] million by two independent experts); and
predvideno prodajo tovorne ladje Nord-Pas-de-Calais (katere tržno vrednost sta dva neodvisna izvedenca ocenila na [0–10] milijonov EUR), in
the sale of the vessels Renoir and Cézanne in July 2011 for an amount of USD [0-10] million, or approximately EUR [0-10] million.
prodajo ladij Renoir in Cézanne julija 2011 za [0–10] milijonov USD, to je približno [0–10] milijonov EUR.
Pursuant to point 43 of the Guidelines, ‘The amount and intensity of the aid must be limited to the strict minimum of the restructuring costs necessary to enable restructuring to be undertaken in the light of the existing financial resources of the company, its shareholders or the business group to which it belongs. Such assessment will take account of any rescue aid granted beforehand. Aid beneficiaries will be expected to make a significant contribution to the restructuring plan from their own resources, including the sale of assets that are not essential to the firm’s survival, or from external financing at market conditions. Such contribution is a sign that the markets believe in the feasibility of the return to viability. Such contribution must be real, i.e., actual, excluding all future expected profits such as cash flow, and must be as high as possible.’ [43].
Na podlagi točke 43 smernic morata biti „[k]oličina in intenzivnost pomoči […] omejeni na najnižjo vsoto stroškov, potrebnih za prestrukturiranje, ob upoštevanju obstoječih finančnih virov podjetja, njegovih delničarjev ali poslovne skupine, v katero podjetje spada. Pri takšni oceni se upošteva kakršna koli predhodno dodeljena pomoč za reševanje. Upravičenci do pomoči bodo morali prispevati pomemben delež k načrtu za prestrukturiranje iz lastnih virov, tudi [s] prodajo sredstev[,] ki niso bistvenega pomena za preživetje podjetja, ali iz zunanjega financiranja pri tržnih pogojih. Takšen prispevek kaže, da trgi verjamejo, da lahko podjetje znova postane sposobno preživeti. Takšen prispevek mora biti realen, [to je] dejanski, izključevati mora vse pričakovane prihodnje dobičke, kot je denarni tok, in mora biti čim višji.“ [43]
Point 7 of the Guidelines also specifies that ‘it is appropriate to reaffirm with greater clarity the principle that [the substantial contribution from the beneficiary to the restructuring] must be real and free of aid. The beneficiary’s contribution has a twofold purpose: on the one hand, it will demonstrate that the markets (owners, creditors) believe in the feasibility of the return to viability within a reasonable time period. On the other hand, it will ensure that restructuring aid is limited to the minimum required to restore viability while limiting distortion of competition. […].’ [44].
V točki 7 je še pojasnjeno, da „je primerno ponovno še jasneje poudariti načelo, da mora biti [precejšen prispevek upravičenca za prestrukturiranje] realen in v njem ne sme biti všteta nobena pomoč. Prispevek upravičenca ima dvojni namen: po eni strani pokaže zaupanje trgov (lastnikov, upnikov) v to, da lahko podjetje v primernem časovnem obdobju obnovi sposobnost preživetja. Po drugi strani pa zagotavlja, da se pomoč za prestrukturiranje omeji na najnižjo vsoto, ki je potrebna za obnovo sposobnosti preživetja, in se hkrati omeji[…] izkrivljanja konkurence […]“ [44]
The Union case-law also emphasised that the own contribution must indicate that the markets believe in the feasibility of the return to viability [45].
Tudi v sodni praksi Unije je bilo poudarjeno, da se mora z lastnim prispevkom pokazati zaupanje trgov v to, da lahko podjetje obnovi sposobnost preživetja [45].
The French authorities informed the Commission that the sale of the two vessels, i.e. the Renoir and the Cézanne, took place on 7 July 2011, for an amount of EUR 3,1 million.
Francoski organi so Komisijo obvestili, da sta bili dve ladji (Renoir in Cézanne) prodani 7. julija 2011 za 3,1 milijona EUR.
These two sales took place in July 2011.
Zadevni ladji sta bili prodani julija 2011.
As a preliminary point, the French authorities specified that the loan for EUR [40-70] million intended to finance the exercise of the purchase option on the vessel Molière does not constitute an additional own contribution.
Francoski organi so uvodoma pojasnili, da posojilo v višini [40–70] milijonov EUR za financiranje uveljavitve opcije odkupa za ladjo Molière ni dodaten lastni prispevek.
In fact, it replaces an off-balance sheet contribution already existing under the leasing contract relating to the vessel Molière.
S tem se namreč nadomesti že obstoječi zunajbilančni prispevek na podlagi lizinške pogodbe v zvezi z ladjo Molière.
It was not therefore taken into account in the calculation of the total own contribution.
Torej se to posojilo pri izračunu skupnega lastnega prispevka ni upoštevalo.
Nevertheless, in so far as this financing replaces existing financing, the Commission must ensure that it too meets the criteria of compatibility of the own contribution, especially that of the absence of aid.
Ker pa to financiranje nadomešča že obstoječe financiranje, se mora Komisija kljub temu prepričati, da so z njim izpolnjena tudi merila glede združljivosti lastnega prispevka, še zlasti merilo v zvezi z neobstojem pomoči.
Firstly, as indicated by the Commission in section 7.1.2, recitals 129 to 142 above, the conditions to which the loans were subject do not correspond to market conditions.
Prvič, kot Komisija navaja v uvodnih izjavah od 130 do 143 tega sklepa v oddelku 7.1.2, posojili nista bili dodeljeni pod tržnimi pogoji.
According to the Commission’s estimates, with normal collateral, the rate on the loans, to be in line with market conditions, should be around 14 % (5-year swap rate of 2,825 % [47] + average CDS [48] below B- (i.e. CCC) of 11,18 % + premium 0,2 %).
Po ocenah Komisije bi morale obrestne mere posojil za zagotovitev običajnega zavarovanja – da bi bile združljive s trgom – znašati približno 14 % (zamenjava obrestnih mer v petih letih v višini 2,825 % [47] + povprečje poslov kreditnih zamenjav [48] pod bonitetno oceno B– (torej CCC) v višini 11,18 % + premija 0,2 %).
Secondly, as shown in section 7.1.2., recitals 129 to 142, the loans in question themselves constitute State aid.
Drugič, kot je razvidno iz uvodnih izjav 129 do 142 tega sklepa v oddelku 7.1.2., sta tudi sami zadevni posojili državna pomoč.
They could not therefore be taken into consideration as an own contribution which must be free of aid, in accordance with the title preceding point 43 of the Guidelines.
Torej ju ni mogoče upoštevati kot lastni prispevek, ki v skladu z naslovom pred točko 43 smernic ne sme biti vključen v nobeno pomoč.
Thirdly, and in any case, according to points 7 and 43 of the Guidelines, the real contribution serves in particular to show that the markets believe in the feasibility of the return to viability [50].
Tretjič, na podlagi točk 7 in 43 smernic je namen realnega prispevka vsekakor zlasti pokazati, da trgi verjamejo, da lahko podjetje znova postane sposobno preživeti [50].
However, in the present case, the authority granting the aid and the parent company are combined in a single legal person, i.e. the SNCF, and the measures concerned are simultaneous.
Vendar se v obravnavanem primeru v eni sami pravni osebi prekrivata organ, ki dodeljuje pomoč, in matična družba (družba SNCF), zadevni ukrepi pa so bili sprejeti hkrati.
Under these circumstances, this purpose cannot be complied with in the absence of a real contribution obtained from an investor or creditor external to the SNCF.
V takih okoliščinah tega namena ni mogoče doseči brez realnega prispevka, pridobljenega od vlagatelja ali upnika zunaj družbe SNCF.
In fact, the conduct of the authority granting the aid in no way shows that the markets believe in the return to viability.
Ravnanje organa, ki dodeljuje pomoč, namreč z ničimer ne kaže na to, da trgi verjamejo, da lahko podjetje znova postane sposobno preživeti.
As indicated in recital 141, the Commission considers that the reference made by France in its comments to the decisions relating respectively to the aid granted by the publicly owned company Osinek in favour of ČSA – Czech Airlines and the loans granted by the Hungarian Development Bank in favour of Hungarian fertiliser producer Péti Nitrogénmüvek (see recital 116) is not relevant as, in the first of these cases, the Commission has not yet taken a final decision and, in the second, this is not a case of restructuring.
Kot je navedeno v uvodni izjavi 142 tega sklepa, Komisija meni, da ni mogoče upoštevati sklepov v zvezi s pomočjo, ki jo je javni organ Osinek dodelil družbi ČSA – Czech Airlines, oziroma posojili, ki jih je madžarska razvojna banka dodelila madžarskemu proizvajalcu gnojil Péti Nitrogénmüvek (glej uvodno izjavo 116 tega sklepa), na katere se je Francija sklicevala v svojih pripombah, ker v prvi zadevi Komisija še ni sprejela dokončne odločitve, v drugi pa ne gre za prestrukturiranje.
In addition, as indicated previously and independently of the question of a possible aid element in the loans, the own contribution must indicate that the markets believe in the feasibility of the return to viability.
Poleg tega – kot je bilo že navedeno in neodvisno od vprašanja morebitnega elementa pomoči v posojilih – je treba z lastnim prispevkom pokazati, da trgi verjamejo, da lahko podjetje znova postane sposobno preživeti.
In this case, the financing by the SNCF could not demonstrate this.
V obravnavanem primeru s financiranjem družbe SNCF tega ni mogoče dokazati.
In fact, the SNCF is both the grantor of aid and the provider of the own contribution.
Družba SNCF namreč hkrati dodeljuje pomoč in zagotavlja lastni prispevek.
The French authorities did not provide any information showing that a prudent independent investor would be prepared to enter into a firm commitment to provide an own contribution and a loan to exercise the option under the same conditions as those proposed by the SNCF.
Francoski organi niso predložili nobenega znamenja, ki bi kazalo na to, da bi se bil preudaren in neodvisen vlagatelj pripravljen resnično zavezati k temu, da bo zagotovil lastni prispevek in posojilo za uveljavitev opcije pod enakimi pogoji, kot jih predlaga družba SNCF.
SeaFrance’s own contribution meeting the requirements of point 43 of the Guidelines, i.e. free of aid and expressing the belief of the markets in the feasibility of a return to viability, consequently amounts to only EUR [10-20] million, i.e. to less than [< 10] % of the restructuring costs.
Lastni prispevek družbe SeaFrance, ki izpolnjuje pogoje iz točke 43 smernic – v katerega torej ni všteta nobena pomoč in ki kaže, da trgi verjamejo, da lahko podjetje znova postane sposobno preživeti –, zato znaša le [10–20] milijonov EUR, to je manj kot [< 10] % stroškov prestrukturiranja.
The 50 % threshold provided for in point 44 of the Guidelines is therefore not reached.
Torej ni dosežen najmanjši 50-odstotni delež, določen v točki 44 smernic.
The Commission therefore considers that SeaFrance’s own contribution to the restructuring effort remains very inadequate in terms of the provisions of the Guidelines.
Komisija zato meni, da lastni prispevek družbe SeaFrance k prizadevanjem za prestrukturiranje z vidika določb smernic še zdaleč ne zadostuje.
The Commission also observes that France has not invoked the exceptional circumstances clause provided for in point 44 of the Guidelines or provided any evidence of the existence of an exceptional situation of this kind.
Komisija hkrati ugotavlja, da se Francija ni sklicevala na določbo o izjemnih okoliščinah iz točke 44 smernic niti ni predložila nobenega dokaza o obstoju takih izjemnih okoliščin.
The Commission therefore concludes that the requirement of a ‘real contribution, free of aid’, provided for by the Guidelines, is not satisfied.
Zato Komisija meni, da s smernicami določena zahteva po „realnem prispevku, v katerega ni všteta nobena pomoč“, ni izpolnjena.
Return to long-term viability
Obnova dolgoročne sposobnosti preživetja
In so far as SeaFrance’s own contribution to the restructuring effort remains very inadequate in the light of the provisions of the Guidelines, the Commission considers that there is no need to assess the condition of return to long-term viability.
Ker lastni prispevek družbe SeaFrance k prizadevanjem za prestrukturiranje z vidika določb smernic še zdaleč ne zadostuje, Komisija meni, da ni treba presojati o pogoju v zvezi z obnovo dolgoročne sposobnosti preživetja.
Prevention of any excessive distortion of competition (compensatory measures)
Preprečevanje morebitnega prevelikega izkrivljanja konkurence (izravnalni ukrepi)
In the decision to initiate the procedure, the Commission indicated that the compensatory measures proposed by the French authorities were inadequate.
Komisija je v odločitvi o začetku postopka navedla, da izravnalni ukrepi, ki jih predlagajo francoski organi, ne zadostujejo.
In their comments in response to the decision to initiate the procedure, the French authorities accepted [51] the near non-existence of compensatory measures [52].
Francoski organi so v pripombah v odgovor na odločitev o začetku postopka priznali [51], da izravnalnih ukrepov praktično ni [52].
They indicated that this problem would be resolved under a modified restructuring plan.
Pri tem so navedli, da bo ta težava odpravljena s spremenjenim načrtom za prestrukturiranje.
Supplementary compensatory measures were indeed proposed under the restructuring plan communicated on 12 September 2011, and especially the forthcoming sale of the freight vessel Nord Pas-de-Calais.
V načrtu za prestrukturiranje, predloženem 12. septembra 2011, so bili res predlagani dodatni izravnalni ukrepi, še zlasti prihodnja prodaja tovorne ladje Nord Pas-de-Calais.
The French authorities also mention the already completed sale of the vessels Renoir and Cézanne, the reduction in the number of crossings (reduction by 5830 crossings, i.e. – 37,6 % compared to the 2007 crossings schedule) and the reduction in market shares of SeaFrance ([10-15]% of the car transport market for 2012-2019, compared to [15-20]% in 2008).
Francoski organi navajajo tudi že izvedeno prodajo ladij Renoir in Cézanne, zmanjšanje števila prevozov (5830 prevozov manj, kar pomeni 37,6-odstotno zmanjšanje v primerjavi s ponudbo prevozov iz leta 2007) in zmanjšanje tržnih deležev družbe SeaFrance ([10–15] % na trgu prevozov avtomobilov v obdobju 2012–2019 v primerjavi s [15–20] % leta 2008).
In so far as SeaFrance’s own contribution to the restructuring effort remains very inadequate in the light of the provisions of the Guidelines, the Commission considers that there is no need to analyse the compensatory measures proposed.
Ker lastni prispevek družbe SeaFrance k prizadevanjem za prestrukturiranje z vidika določb smernic še zdaleč ne zadostuje, Komisija meni, da ni treba preučiti predlaganih izravnalnih ukrepov.
Consequence of the incompatibility of the restructuring aid and the rescue aid
Posledice, ki jih ima nezdružljivost pomoči za prestrukturiranje za pomoč za reševanje
Following the notification of the restructuring plan by France on 18 February 2011, in accordance with point 26 of the Guidelines, the 6-month period within which the loan must be reimbursed was extended until the Commission reaches its decision on the restructuring plan.
Potem ko je Francija 18. februarja 2011 v skladu s točko 26 smernic priglasila načrt za prestrukturiranje, je bil šestmesečni rok, v katerem je treba posojilo povrniti, podaljšan, dokler Komisija ne sprejme odločitve o načrtu za prestrukturiranje.
Since the Commission considers that the measures notified as restructuring aid do not satisfy the compatibility conditions provided for by the Guidelines, the consequences of this incompatibility must be drawn.
Ker Komisija meni, da z ukrepi, priglašenimi kot pomoč za prestrukturiranje, niso izpolnjeni pogoji v zvezi z združljivostjo, določeni v smernicah, je treba izpeljati posledice zadevne nezdružljivosti.