natgillin/translations-raw huggingface dataset:
As regards the 2004 investment Ecorys concludes that ‘a diligent market investor would most probably not have decided to complete the full CDL project, but may have opted to operate the 6 sound stages already invested in, or to close down the project and take the loss’ [34].
V zvezi z naložbo iz leta 2004 družba Ecorys zaključuje: „preudarni tržni vlagatelj se najverjetneje ne bi odločil za dokončanje projekta Ciudad de la Luz, lahko pa bi se odločil za upravljanje šestih zvočnih odrov, v katere je že vložil, ali pa bi projekt zaključil in prevzel izgubo“ [34].
Finally, Ecorys considers that a private lender would not have provided a participating loan or any other debt to the project since the project cash-flow was insufficient for debt service payments.
Družba Ecorys tudi meni, da zasebni posojilodajalec ne bi odobril udeležbenega posojila ali katerega koli drugega posojila projektu, ker njegov denarni tok ni zadoščal za poplačevanje dolga.
It is therefore concluded that neither the investments made in Ciudad de la Luz between 2000 and 2004, nor those made since then fulfil the market economy investor principle and therefore constitute an advantage for the undertaking Ciudad de la Luz SAU.
Zato se zaključuje, da ne naložbe v Ciudad de la Luz med letoma 2000 in 2004 niti poznejše naložbe ne izpolnjujejo načela vlagatelja v tržnem gospodarstvu ter zato pomenijo ugodnosti za družbo Ciudad de la Luz SAU.
Since the MEIP tests are not fulfilled, a market economy investor would not have invested in 2000 and would not have continued to invest in the project on the basis of the 2004 business plan.
Ker preizkusi načela vlagatelja v tržnem gospodarstvu niso izpolnjeni, vlagatelj v tržnem gospodarstvu ne bi vlagal leta 2000, niti ne bi nadaljeval vlaganja v projekt na podlagi poslovnega načrta iz leta 2004.
Consequently, the Commission considers that the economic advantage is the whole value of the investment.
Zato Komisija šteje, da je celotna vrednost naložbe gospodarska ugodnost.
The loans granted to Ciudad de la Luz by SPTCV were subordinated loans, which means that they were treated on the balance sheet as something similar to equity.
Posojila, ki jih je SPTCV odobrila Ciudad de la Luz, so bila podrejena posojila, kar pomeni, da so bila v bilanci stanja obravnavana podobno kot lastniški kapital.
As already noted by the Commission in the opening decision, the interest on the loans was calculated with on a fixed and one variable part.
Kot je Komisija že omenila v sklepu o začetku postopka, so bile obresti na posojila izračunane s fiksnim in spremenljivim delom.
The rate of the fixed part was very low, and would not be acceptable to a market economy lender.
Obrestna mera za fiksni del je bila zelo nizka in za posojilodajalca v tržnem gospodarstvu ne bi bila sprejemljiva.
The unusually low fixed part of the loan could be in principle compensated by the prospect of an adequate remuneration on the participating loan thanks to the variable part linked to the profitability of the project, but this could not be the case for the project under scrutiny (see the reasoning above about the market economy investor principle).
Nenavadno majhen fiksni del posojila bi lahko načeloma odtehtala možnost primernega nadomestila za udeležbeno posojilo zaradi spremenljivega dela, povezanega z donosnostjo projekta, vendar to ne more veljati v obravnavanem projektu (glej zgornjo obrazložitev načela vlagatelja v tržnem gospodarstvu).
Furthermore, no financial costs were included in the forecast profit and statement provided to the Commission by the Spanish authorities for the period 2002-2014.
Poleg tega napoved prihodkov in izkaz za obdobje med letoma 2002 in 2014, ki so ju španski organi predložili Komisiji, nista vsebovala finančnih stroškov.
Finally, in theory the loans were to be paid back in April 2015, that is after the date of termination of the project (and possibly its disposal), planned for 2014, which a Market Economy Lender would not have accepted.
Teoretično bi morala biti posojila vrnjena aprila 2015, to je po datumu zaključka projekta (in po možnosti njegovi odtujitvi), načrtovanega leta 2014, česar pa posojilodajalec v tržnem gospodarstvu ne bi sprejel.
In their reply dated 20 April 2009 to the opening decision, the Spanish authorities explained that these loans should, from an economic point of view, be considered as capital injection as the lender and the shareholder are the same (i.e. SPTCV).
Španski organi so v svojem odgovoru na sklep o začetku postopka z dne 20. aprila 2009 razložili, da bi se morala ta posojila z ekonomskega vidika šteti za dokapitalizacijo, ker sta posojilodajalec in delničar ista oseba (tj. SPTCV).
Indeed, as none of the loans paid in 2005, 2007, 2008 and 2009 have been (even partially) repaid, and the beneficiary has not paid any interest for these loans, they must be considered de facto as equity investment.
Ker dejansko nobeno od posojil, izplačanih v letih 2005, 2007, 2008 in 2009, še ni bilo (niti deloma) poplačano in upravičenec ni zanje plačal niti obresti, bi se morala dejansko šteti kot kapitalske naložbe.
According to the information provided by the Spanish authorities in April 2012, this was a total of EUR 265089599 by the end of 2010 [35].
Po informacijah, ki so jih aprila 2012 poslali španski organi, so do konca leta 2010 znašala skupaj 265089599 EUR [35].
The aid is also selective since the benefits arising from the support confers an advantage only to the undertakings active in the sector, and in fact only to some of them.
Pomoč je tudi selektivna, ker koristi, ki jih prinaša, dajejo prednost samo podjetjem, ki so dejavna v tem sektorju, in dejansko samo nekaterim izmed njih.
State resources
Državni viri
The Commission notes that the Generalitat Valenciana has funded the investment through its fully-owned investment arm SPTCV and that the studies which led to the public investment in Ciudad de la Luz were carried out for the Generalitat Valenciana.
Komisija ugotavlja, da je Generalitat Valenciana financirala naložbo prek družbe SPTCV, ki je v njeni popolni lasti, in da so bile študije, na podlagi katerih so bile izvedene državne naložbe Ciudad de la Luz, pripravljene zanjo.
Hence, these allocations can be considered as State resources.
Zato se ta sredstva lahko štejejo za državne vire.
When State aid strengthens the position of an undertaking compared with other competing undertakings, the latter must be regarded as affected by that aid.
Če državna pomoč krepi položaj podjetja v primerjavi z drugimi konkurenčnimi podjetji, je treba šteti, da je pomoč vplivala nanje.
The support strengthens the position of Ciudad de la Luz compared with other competing undertakings by allowing it to enter the market of film studios.
Pomoč krepi položaj družbe Ciudad de la Luz v primerjavi z drugimi konkurenčnimi podjetji, ker ji omogoča vstop na trg filmskih studiev.
Competition between undertakings profiting from the measure and those not profiting from it is distorted.
Izkrivljena je konkurenca med podjetji, ki so prejela pomoč, in tistimi, ki je niso.
Even assuming that film productions in other Member States in which other film studios are located receive subsidies, this is not a relevant argument to deny the existence of a distortion of competition.
Čeprav bi predpostavljali, da filmske produkcije v drugih državah članicah, v katerih so filmski studii, prejemajo subvencije, ta argument ne more zanikati izkrivljanja konkurence.
A measure does not escape the qualification as State aid merely because other Member States may also have adopted their own market-distorting measures.
Ukrep se opredeli kot državna pomoč, čeprav bi tudi druge države članice sprejele ukrepe, ki prav tako povzročajo izkrivljanja na trgu.
No such ‘balancing’ takes place in assessing the condition related to the distortion of competition.
Pri ugotavljanju pogojev v zvezi z izkrivljanjem konkurence se tako „uravnoteženje“ ne upošteva.
Effect on trade
Učinki na trgovino
Finally, the Commission considers that the measure in question affects trade between Member States.
Komisija tudi meni, da zadevni ukrep vpliva na trgovino med državami članicami.
Film studios market their facilities on an international basis.
Filmski studii tržijo svoje zmogljivosti mednarodno.
Film producers regularly negotiate prices and conditions with a number of film studios based in different Member States.
Filmski producenti se redno pogajajo o cenah in pogojih s številnimi filmskimi studii v različnih državah članicah.
The Commission has approved aid schemes in Spain and other Member States which support the production of audiovisual works and, hence, indirectly encourage the use of national technical facilities, including film studios.
Komisija je že odobrila sheme pomoči v Španiji in v drugih državah članicah, ki podpirajo produkcijo avdiovizualnih del in s tem posredno spodbujajo uporabo nacionalnih tehničnih zmogljivosti, vključno s filmskimi studii.
However, the fourth criterion of the 2001 Cinema Communication excludes aid supplements for specific production activities, including the use of film studios.
Četrto merilo Sporočila o kinematografiji iz leta 2001 izključuje pomoč za posamezne produkcijske dejavnosti, vključno z uporabo filmskih studiev.
Conclusion
Sklepi
In view of the above, the Commission considers that the project grants a selective economic advantage to Ciudad de la Luz.
Komisija glede na navedeno meni, da projekt zagotavlja selektivno gospodarsko ugodnost Ciudad de la Luz.
The project is publicly funded, distorts competition and has an effect on trade between Member States.
Projekt se financira z javnimi sredstvi, izkrivlja konkurenco in vpliva na trgovino med državami članicami.
Therefore the Commission regards the notified measure as constituting State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
Zato Komisija šteje, da je priglašeni ukrep državna pomoč v smislu člena 107(1) Pogodbe o delovanju Evropske unije.
The Commission must first ensure that the aid is not contrary to the provisions of the TFEU in areas other than State aid.
Komisija mora najprej zagotoviti, da pomoč ni nezdružljiva z določbami PDEU tudi na drugih področjih poleg državnih pomoči.
In this case, the Commission’s assessment is without prejudice to any further findings with regard to the compatibility with EU public procurement legislation.
V tem primeru ocena Komisije ne posega v druge ugotovitve v zvezi s skladnostjo z zakonodajo EU o javnih naročilih.
The aid does not contain any other elements which could present problems regarding the principle of general legality of the aid.
Pomoč ne vsebuje drugih elementov, ki bi lahko bili problematični glede načela splošne zakonitosti pomoči.
As noted in the opening decision, as a subsidiary argument in the event that the Commission considered that the measures at hand constitute State aid, the Spanish authorities have claimed, that such measures would be compatible with Article 107(3) as regional aid and as aid aimed at promoting culture.
Kot je navedeno v sklepu o začetku postopka, so španski organi podredno, če bi Komisija štela, da so obravnavani ukrepi državna pomoč, trdili, da bi bili taki ukrepi skladni s členom 107(3) kot regionalna pomoč in kot pomoč za spodbujanje kulture.
Regional aid for the construction of Ciudad de la Luz may be justified on the grounds that the investment is carried out in an assisted area.
Regionalna pomoč za izgradnjo Ciudad de la Luz bi lahko bila utemeljena na podlagi tega, da je bila naložba izvedena na območju, ki je upravičeno do pomoči.
The Spanish authorities have suggested that an aid intensity of 36 % would be allowed by the regional aid rules applicable at the time of the initial investment decision in 2000-2006.
Španski organi trdijo, da je na podlagi predpisov o državni pomoči, ki so se uporabljali v času, ko je bila sprejeta prvotna naložbena odločitev v obdobju 2000–2006, dovoljena pomoč v višini 36 %.
As this is unnotified aid, the Regional Aid Guidelines for 2000-2006 [36] apply.
Ker je to nepriglašena pomoč, se uporabljajo Smernice o regionalni pomoči za obdobje 2000–2006 [36].
Point 4.2 of the Guidelines states:
Točka 4.2 Smernic se glasi:
Although there was a private investor for 25 % of the initial share capital of EUR 600000, this private investor was the management company for the project in return for a fee and did not make any further investment in the project to match the majority of the public investment in the project.
Čeprav je 25 % prvotnega delniškega kapitala v višini 600000 EUR vložil zasebni vlagatelj, je bil ta zasebni vlagatelj družba za upravljanje projekta v zameno za plačilo in ni izvedel nobenih nadaljnjih naložb v projekt, ki bi ustrezale večini javnih naložb v projekt.
Consequently, this first investment cannot be considered in isolation from the public investment as it is not a standalone investment.
Zato se ta prva naložba ne more šteti ločeno od javnih naložb, ker ni samostojna naložba.
Moreover, the private investor was bought out by SPTCV in July 2004, at which time its holding dropped to 0,2 %.
Poleg tega je zasebnega vlagatelja julija 2004 kupila SPTCV, in takrat se je njegovo imetje zmanjšalo na 0,2 %.
The Spanish authorities have argued that the 25 % investment from SPTCV itself could be regarded as the recipient’s contribution.
Španski organi trdijo, da se lahko 25-odstotna naložba SPTCV šteje za prispevek prejemnika.
The Commission considers that such an approach, in which 25 % of the investment is covered by a publicly-owned body which does not behave as a private investor (see above, section V, subsection ‘economic advantage’) while the remaining 75 % of the investment is also provided from state resources, cannot ensure that the productive investment aided is viable and sound.
Komisija meni, da tak pristop, po katerem 25 % naložbe krije organ v javni lasti, ki se ne vede kot zasebni vlagatelj (glej zgoraj, oddelek V, pododdelek „Gospodarska korist“), preostalih 75 % naložbe pa prihaja iz državnih virov, ne more zagotavljati, da je produktivna naložba donosna in zdrava.
As the investment in Ciudad de la Luz has been completely financed through public funds from SPTCV, this condition is not met.
Ker je SPTCV naložbe v Ciudad de la Luz v celoti financirala iz javnih sredstev, ta pogoj ni izpolnjen.
Sectoral aid to the audiovisual sector
Sektorska pomoč avdiovizualnemu sektorju
In certain situations, the Commission has cleared aid to the audiovisual sector under Article 107(3)(c) taking into account the cultural objectives of Article 167 TFEU.
V nekaterih primerih je Komisija odobrila pomoč avdiovizualnemu sektorju na podlagi člena 107(3)(c), ob upoštevanju kulturnih ciljev člena 167 PDEU.
The cultural exception can be used in combination with other legal bases for compatibility, such as aid to certain economic activities under Article 107(3)(c) TFEU [37].
Ta izjema v zvezi s kulturo se lahko uporablja v povezavi z drugimi pravnimi podlagami zaradi skladnosti, kot je pomoč nekaterim gospodarskim dejavnostim na podlagi člena 107(3)(c) PDEU [37].
Although it has not been proposed by the Spanish authorities, in the light of the comments from other parties, that legal basis is considered in what follows.
Čeprav tega španski organi niso navedli, je glede na pripombe drugih strank navedena pravna podlaga obravnavana v nadaljevanju.
An assessment under Article 107(3)(c) of the TFEU is carried out under a three-step test balancing the benefits and the negative effects of the measure in question.
Ocena na podlagi člena 107(3)(c) PDEU se opravi na podlagi preizkusa v treh korakih, ki ugotavlja razmerje med koristmi in negativnimi učinki obravnavanega ukrepa.
In applying this balancing test, the Commission assesses the following questions:
Pri uporabi tega preizkusa tehtanja Komisija ocenjuje naslednja vprašanja:
Is the aid measure aimed at a well-defined objective of common interest (i.e. does the proposed aid address a market failure or other objective)?
Ali je ukrep pomoči namenjen natančno opredeljenemu cilju skupnega interesa (tj. ali se predlagana pomoč nanaša na tržno nepopolnost ali drug cilj)?
Is the aid well designed to deliver the objective of common interest?
Ali je pomoč oblikovana tako, da zagotovi dosego cilja skupnega interesa?
Is the aid measure an appropriate instrument, i.e. are there other, better-placed instruments?
Ali je državna pomoč primeren instrument, tj. ali obstajajo drugi, boljši instrumenti?
Is there an incentive effect, i.e. does the aid change the behaviour of firms?
Ali obstaja spodbujevalni učinek, tj. ali pomoč spremeni ravnanje podjetij?
Is the aid measure proportional, i.e. could the same change in behaviour be obtained with less aid?
Ali je ukrep pomoči sorazmeren, tj. ali bi bilo mogoče enako spremembo v ravnanju doseči z manjšo pomočjo?
Are the distortions of competition and the effect on trade limited, so that the overall balance is positive?
Ali so izkrivljanje konkurence in učinki na trgovino omejeni, tako da je skupno ravnotežje pozitivno?
A ‘market failure’ is said to exist if the market outcome does not lead to the highest total social welfare.
„Nepopolnost na trgu“ obstaja, če rezultati na trgu ne zagotavljajo največje skupne socialne varnosti.
A inefficient market outcome may arise in the case of so-called public or merit goods [38].
Nezadostni tržni rezultat se lahko pojavlja v primeru tako imenovanih javnih dobrin [38].
Such goods generate positive external effects where the social benefit exceeds the private benefit.
Take dobrine ustvarjajo pozitivne zunanje učinke, pri katerih družbene koristi presegajo zasebne.
As a result, the quantity supplied is below the optimum — which in turn could justify public intervention (and possibly public subsidies).
Zaradi tega je dobavljena količina manj kot optimalna, zato je javni poseg upravičen (lahko tudi javne subvencije).
In the EU there exists a highly competitive, commercial market with a number of large film studios.
V EU obstaja zelo konkurenčen komercialni trg s številnimi velikimi filmskimi studii.
In addition, for large film productions, European film studios face significant competition from studios outside the EU.
Poleg tega se pri velikih filmskih produkcijah evropski filmski studii srečujejo z veliko konkurenco studiev zunaj EU.
Prima facie evidence therefore does not support a market failure on the basis of insufficient supply and high entry costs.
Zato ni zadostnih dokazov, ki bi podpirali tržno nepopolnost na podlagi nezadostne ponudbe in visokih vstopnih stroškov.
In their reply to the opening decision, Spanish filmmakers claim that the Spanish market did not have similar high quality services prior to the construction of Ciudad de la Luz.
Španski filmski ustvarjalci v odgovoru na sklep o začetku postopka trdijo, da španski trg pred izgradnjo Ciudad de la Luz ni imel podobnih kakovostnih storitev.
In particular, Valencian filmmakers have pointed out that having access to a local film studio would allow them to reduce the cost of production (lower transportation costs, proximity to other services which are necessary for film production, etc.).
Valencijski filmski ustvarjalci so zlasti poudarili, da bi jim dostop do lokalnega filmskega studia omogočil zmanjšanje stroškov produkcije (nižji stroški prevoza, bližina drugih storitev, potrebnih za filmsko produkcijo, itd.).
However, the fact that domestic film producers would benefit from Ciudad de la Luz does not suffice to establish a ‘market failure’ as defined above.
Dejstvo, da bi Ciudad de la Luz koristila domačim filmskim producentom, ne zadostuje za utemeljitev „tržne nepopolnosti“, kot je opredeljena zgoraj.
First, to consider that Ciudad de la Luz addresses a market failure with regard to local film production in Spain would be contrary to the objective declared by the Spanish authorities.
Prvič, šteti, da Ciudad de la Luz odpravlja tržno nepopolnost v zvezi z lokalno filmsko produkcijo v Španiji, bi bilo v nasprotju s ciljem, ki so ga prijavili španski organi.
The 2004 Consultia report considers only local studios as ‘indirect’ competitors, as Ciudad de la Luz would instead be directed towards large film productions.
Poročilo družbe Consultia iz leta 2004 šteje lokalne studie le za „posredne“ konkurente, saj naj bi bila Ciudad de la Luz usmerjena v velike filmske produkcije.
Secondly, in order to show a market failure with regard to Spanish film producers, one would have to assess whether the social benefit from a studio such as Ciudad de la Luz is higher than the cost.
Drugič, če bi želeli prikazati tržno nepopolnost v zvezi s španskimi filmskimi producenti, bi morali oceniti, ali so socialne koristi studia, kakršen je Ciudad de la Luz, večje od stroškov.
Among other elements, this would require consideration of whether existing facilities are not sufficient, i.e. that Spanish film makers could not use the existing film studios in Spain (such as Video Planning, Cartuja Producciones and Loasur Audiovisual in Andalucía, Media Park in Cataluña, Platós Valencia in Valencia, and Estudios Barajas, Estudios El Álamo, Estudios Los Ángeles and Flash Estudio in Madrid) or in other Member States.
Za to bi bilo med drugim treba ugotoviti, ali obstoječe zmogljivosti ne zadostujejo, in sicer, ali španski filmski ustvarjalci ne bi mogli uporabljati obstoječih filmskih studiev v Španiji (na primer Video Planning, Cartuja Producciones in Loasur Audiovisual v Andaluziji, Media Park v Kataloniji, Platós Valencia v Valenciji, ter Estudios Barajas, Estudios El Álamo, Estudios Los Ángeles in Flash Estudio v Madridu) ali v drugih državah članicah.
While Spanish film producers pointed out some (unquantified) cost advantages from Ciudad de la Luz, they did not argue that such local studios would be essential for domestic film production.
Španski filmski producenti so izpostavili nekaj (količinsko neopredeljenih) stroškovnih prednosti Ciudad de la Luz, vendar niso trdili, da so lokalni studii nujni za domačo filmsko produkcijo.
Well-designed aid
Dobro pripravljena pomoč
In addition, as there is no well-defined market failure which would be addressed by the measure, the aid cannot be considered to be appropriate and proportionate to address that market failure.
Poleg tega, ker ni dobro opredeljene tržne nepopolnosti, ki bi ji bil namenjen ukrep, se pomoč ne more šteti za primerno in sorazmerno za njeno reševanje.
If the purpose of the film studio was to support local film production, it would have been necessary, among other issues, to compare the investment carried out with other measures which could have achieved comparable efficiencies from the point of view of film producers.
Če bi bil namen filmskega studia podpreti lokalno filmsko produkcijo, bi bilo med drugim treba izvedene naložbe primerjati z drugimi ukrepi, s katerimi bi bilo mogoče doseči podobne rezultate z vidika filmskih producentov.
Such a comparison has not been provided by the Spanish authorities.
Španski organi take primerjave niso zagotovili.
The balancing test further requires an assessment of the negative effects in terms of distortion of competition and trade.
Preizkus tehtanja zahteva tudi oceno negativnih učinkov z vidika izkrivljanja konkurence in trgovine.
Given that production has fallen significantly below original expectations and that it has attracted mainly local film production, one may consider that until today the distortive effect of the Ciudad de la Luz studios may have been limited.
Ker je produkcija padla precej pod prvotna pričakovanja in ker so studii privabili zlasti lokalne filmske producente, bi lahko šteli, da je bil učinek izkrivljanja studiev Ciudad de la Luz omejen.
However, the number of film productions made at Ciudad de la Luz is not a good indicator of its possible distortive effects.
Vendar število filmskih produkcij, narejenih v Ciudad de la Luz, ni dober pokazatelj mogočih učinkov izkrivljanja.
Ciudad de la Luz’s entry into the European film studio market has increased overall studio capacity.
Vstop Ciudad de la Luz na evropski trg filmskih studiev je povečal skupne studijske zmogljivosti.