natgillin/translations-raw huggingface dataset:
The first of them is the maintenance of the commercial paper programme line of credit for up to EUR [150-500] million with a state guarantee for three years and the commitment by CGD to maintain the terms of the credit line until […].
Prva je ohranitev kreditne linije v znesku [150–500] milijonov EUR za program komercialnih zapisov z državnim poroštvom za tri leta, pri čemer se CGD zaveže, da bodo pogoji kreditne linije veljali do […].
The second is a new credit line to be granted by CGD for up to EUR [150-350] million to compensate for a fall in deposits below EUR 1,8 billion, with a remuneration of Euribor +[…] bps.
Druga je nova kreditna linija v znesku do [150–350] milijonov EUR, ki jo CGD odobri kot nadomestilo, če se vloge zmanjšajo pod 1,8 milijarde EUR, pri čemer velja plačilo po stopnji EURIBOR + […] bazičnih točk.
This should ensure that the state aid is not used by the combined entity to grow at the expense of competitors and that the competition distortions caused by the aid are properly addressed.
S tem bi moralo biti zagotovljeno, da združeni subjekt državne pomoči ne bo uporabljal za rast na račun svojih konkurentov in da bo izkrivljanje konkurence zaradi pomoči ustrezno omejeno.
Given the tense situation in the market and the tight conditions imposed upon the banking sector by Portugal as a result of the events leading to the signature of the MoU, the Commission considers that these liquidity lines would significantly affect the extent to which the combined entity will be able to compete on the market with other players that have not received state aid.
Glede na negotove razmere na trgu in ostre pogoje, ki jih je za bančni sektor določila Portugalska zaradi dogodkov, ki so prispevali k podpisu memoranduma o soglasju, Komisija meni, da bodo te bančne kreditne linije znatno vplivale na to, v kakšnem obsegu bo lahko združeni subjekt na trgu konkuriral drugim udeležencem, ki državne pomoči niso prejeli.
The state aid can therefore be declared compatible only if there are sufficient measures in place ensuring that the state aid is not used to the detriment of competitors, some of which have not received similar public support.
Zato se lahko državna pomoč šteje za združljivo le, če so sprejeti zadostni ukrepi, ki zagotavljajo, da se državna pomoč ne uporablja na škodo konkurentom, pri čemer nekateri od njih niso prejeli podobne državne pomoči.
A level playing-field should remain in place between banks which have received public support and those which have not.
Zagotoviti je treba enake konkurenčne pogoje za banke, ki so prejele državno pomoč, in banke, ki takšne pomoči niso prejele.
The state aid should not weaken incentives for non-beneficiaries to compete, invest and innovate, or create entry barriers which could undermine cross-border activity.
Državna pomoč ne sme oslabiti spodbud za konkurenčno ravnanje, naložbe in inovacije bank, ki niso upravičene do pomoči, ali ustvarjati ovir za vstop, ki bi lahko ogrozile čezmejne dejavnosti.
It is necessary to ensure that the combined entity does not benefit from a competitive advantage arising from the shift of liquidity risk to the State and from the capital endowment.
Zagotoviti je treba, da združeni subjekt ne pridobi konkurenčne prednosti zaradi prenosa likvidnostnega tveganja na državo in pridobitve kapitala.
Firstly, the Commission considers that in order to limit competition distortions resulting from the fact that the bank would have a capital level above the minimum requirement (see paragraph (261)), any reduction in RWA resulting from the restitution of loans to the State should be accompanied by a corresponding reduction in capital.
Prvič, Komisija meni, da je treba za omejitev izkrivljanja konkurence, ki bi nastalo zaradi stopnje kapitala banke nad minimalno zahtevo (glej uvodno izjavo (261)), poleg vsakega zmanjšanja tveganju prilagojene aktive zaradi vračila posojil državi zagotoviti tudi ustrezno zmanjšanje kapitala.
Therefore, the commitment given by Portugal on the maximum capital level of BPN is necessary to ensure the compatibility of the restructuring aid with the internal market.
Zato je zaveza Portugalske o najvišji stopnji kapitala BPN potrebna, da se zagotovi združljivost pomoči za prestrukturiranje z notranjim trgom.
Secondly, the Commission considers that the duration of the credit line of EUR [150-500] million linked to BPN’s commercial paper programme should be limited to a period of […] years.
Drugič, Komisija meni, da je treba trajanje kreditne linije v znesku [150–500] milijonov EUR za program komercialnih zapisov BPN omejiti na obdobje […] let.
Moreover, the remuneration for the second liquidity line should be closer to market conditions and set at Euribor +[…] bps.
Poleg tega je treba plačilo za drugo bančno kreditno linijo bolj uskladiti s tržnimi pogoji, pri čemer mora biti zanj določena stopnja EURIBOR + […] bazičnih točk.
At the same time, Portugal should request the prior approval of the Commission in advance of any granting of credit lines or guarantees by CGD or the State until 31 December 2016, to ensure that those limitations are not circumvented.
Portugalska mora do 31. decembra 2016 zahtevati tudi predhodno odobritev Komisije, preden bo CGD ali država odobrila kreditne linije ali poroštva, da se zagotovi upoštevanje navedenih omejitev.
In that respect, the Commission takes note of the commitments given by Portugal on the liquidity lines; they are necessary to ensure the compatibility of the restructuring aid with the internal market.
V zvezi s tem Komisija upošteva zaveze Portugalske o bančnih kreditnih linijah; te zaveze so potrebne, da se zagotovi združljivost pomoči za prestrukturiranje z notranjim trgom.
Thirdly, the Restructuring Communication also links an acquisition ban to distortions of competition.
Tretjič, v skladu s sporočilom o prestrukturiranju je z izkrivljanjem konkurence povezana tudi prepoved prevzemov.
In points 39 and 40, the Communication explains that ‘state aid must not be used to the detriment of competitors, which do not enjoy similar public support’, and that ‘banks should not use state aid for the acquisition of competing businesses’.
V točkah 39 in 40 sporočila je navedeno, da se „[d]ržavna pomoč […] ne sme uporabljati na škodo konkurentov, ki niso deležni podobne državne pomoči“, in da „banke ne smejo uporabljati državne pomoči za prevzem konkurenčnih dejavnosti“.
The Commission welcomes Portugal’s commitment referred to in paragraph (236) to enforce an acquisition ban until 31 December 2016.
Komisija podpira zavezo Portugalske o uveljavitvi prepovedi prevzemov do 31. decembra 2016 iz uvodne izjave (236).
Lastly, the entitlement for BIC to give back non-performing loans to the State should end as of […] and not […] months after the date of the sale.
Četrtič, pravica banke BIC do vračila nedonosnih posojil državi mora prenehati […] in ne […] mesecev po dnevu prodaje.
The Commission notes that any further possibility of return offers BIC a protection against the risk of the worsening economic situation.
Komisija ugotavlja, da vsaka dodatna možnost vračila zagotavlja banki BIC zaščito pred tveganjem zaradi poslabšanja gospodarskih razmer.
Any subsequent ‘non-performance’ would in all likelihood reflect the worsening of the economic situation, and thus affect the entire banking sector.
Vsaka naknadna „nedonosnost“ bo najverjetneje posledica poslabšanja gospodarskih razmer, zato bo vplivala na celoten bančni sektor.
The entitlement for BIC to give back non-performing loans to the State distorts competition as no other banks will have that possibility.
Pravica banke BIC do vračila nedonosnih posojil državi izkrivlja konkurenco, ker druge banke takšne možnosti nimajo.
The window for returns should therefore be reduced until […] as a maximum.
Zato je treba obdobje za vračilo skrajšati najdlje do […].
In this respect, the Commission welcomes the commitment given by Portugal to respect the […] deadline.
V zvezi s tem Komisija podpira zavezo Portugalske o upoštevanju roka, tj.[…].
If all the commitments described in section 5.2 are correctly implemented, the January 2012 Restructuring Plan provides sufficient evidence that the long-term viability of the combined entity has been restored, that sufficient burden-sharing is achieved and that adequate measures to limit undue distortions of competition are taken.
Če bodo vse zaveze iz oddelka 5.2 pravilno izvedene, so z načrtom prestrukturiranja iz januarja 2012 zagotovljeni zadostni dokazi o ponovno doseženi dolgoročni rentabilnosti združenega subjekta, zadostni porazdelitvi bremena in sprejetju ustreznih ukrepov za omejitev neupravičenega izkrivljanja konkurence.
Therefore, the Commission can declare the January 2012 Restructuring Plan to be in line with the Restructuring Communication.
Zato lahko Komisija razglasi, da je načrt prestrukturiranja iz januarja 2012 v skladu s sporočilom o prestrukturiranju.
Point 46 of the Restructuring Communication indicates that, in order to verify that the restructuring plan is being implemented properly, detailed regular reports from the Member State are necessary.
V točki 46 sporočila o prestrukturiranju je navedeno, da mora država članica predložiti podrobna redna poročila, da se preveri, ali se načrt prestrukturiranja ustrezno izvaja.
Accordingly, Portugal should provide the Commission with such reports every six months, starting from the date of this Decision.
V skladu s tem mora Portugalska Komisiji predložiti takšna poročila vsakih šest mesecev od datuma tega sklepa.
The Commission regrets that Portugal unlawfully implemented the state aid listed in section 6.1.2 ‘Quantification of the state aid’ in breach of Article 108(3) of the Treaty.
Komisija obžaluje, da je Portugalska državno pomoč iz oddelka 6.1.2 „Določitev zneska pomoči“ izvedla nezakonito v nasprotju s členom 108(3) Pogodbe.
However, that aid, along with the other aid measures considered in this Decision, can be found compatible if the commitments described in section 5.2 are implemented,
Vendar se lahko navedena pomoč skupaj z drugimi ukrepi pomoči iz tega sklepa razglasi za združljivo, če se izvedejo zaveze iz oddelka 5.2 –
The following measures granted by Portugal constitute state aid:
Državno pomoč pomenijo naslednji ukrepi, ki jih je odobrila Portugalska:
i. Loans granted by CGD before nationalisation;
i. posojila, ki jih je odobrila CGD pred nacionalizacijo;
Loans and liquidity lines granted by CGD to BPN after nationalisation and before the sale, with or without an explicit state guarantee;
posojila in bančne kreditne linije, ki jih je CGD odobrila banki BPN po nacionalizaciji in pred prodajo z izrecnim državnim poroštvom ali brez njega;
Transfer of assets from BPN to the SPVs at book value before and after the sale;
prenos sredstev po knjigovodski vrednosti z BPN na pravne subjekte s posebnim namenom pred prodajo in po njej;
Capital injection by the State of 15 February 2012;
kapitalska injekcija države z dne 15. februarja 2012;
v. Liquidity lines to be granted by CGD requested by BIC for the combined entity;
v. bančne kreditne linije, ki jih odobri CGD in jih je BIC zahtevala za združeni subjekt;
Right for BIC to transfer deposits with a pricing above […] bps to the State, or to have the State remunerate the difference; and
pravica banke BIC do prenosa vlog, katerih cena presega […] bazičnih točk, na državo ali do državnega plačila razlike ter
Transfer to the State of costs linked to litigation.
prenos stroškov sodnih postopkov na državo.
The aid measures set out in paragraph 1 are compatible with the internal market in light of the commitments set out in Section 5.2.
Ukrepi pomoči iz odstavka 1 so ob upoštevanju zavez iz oddelka 5.2 združljivi z notranjim trgom.
Within two months of notification of this Decision, Portugal shall inform the Commission of the measures it has taken to comply with this Decision.
Portugalska obvesti Komisijo o ukrepih, ki jih je sprejela za izvršitev tega sklepa, v dveh mesecih od datuma uradnega obvestila o tem sklepu.
Furthermore, Portugal shall submit detailed reports on the measures taken to comply with it, starting six months from the date of this Decision.
Poleg tega Portugalska po šestih mesecih od datuma tega sklepa začne pošiljati redna podrobna poročila o ukrepih, ki jih sprejme za izvršitev tega sklepa.
Done at Brussels, 27 March 2012.
V Bruslju, 27. marca 2012
OJ C 371, 20.12.2011, p. 14.
UL C 371, 20.12.2011, str. 14.
Portugal, ‘Memorandum Of Understanding On Specific Economic Policy Conditionality’, 17 May 2011, http://ec.europa.eu/economy_finance/eu_borrower/mou/2011-05-18-mou-portugal_en.pdf.
Portugalska, Memorandum o soglasju o posebnem gospodarskopolitičnem pogojevanju, 17. maj 2011, http://ec.europa.eu/economy_finance/eu_borrower/mou/2011-05-18-mou-portugal_en.pdf.
As described in more detail in paragraph (53) BIC is a small bank which has been active in Portugal since 2008.
BIC je majhna banka, ki na Portugalskem posluje od leta 2008, pri čemer je podrobnejši opis naveden v odstavku (53).
‘Note on Banco Português de Negócios’ dated 17 February 2010.
Ugotovitve o banki Banco Português de Negócios (Note on Banco Português de Negócios) z dne 17. februarja 2010.
See for example p. 96 of the Report on Financial Stability of the Bank of Portugal for the year 2008.
Glej na primer str. 96 Poročila o finančni stabilnosti banke Portugalske za leto 2008.
CGD is a bank wholly owned by the Portuguese State.
Banka CGD je v popolni lasti portugalske države.
‘Note on Banco Português de Negócios’ dated 17 February 2010, page 4.
Ugotovitve o banki Banco Português de Negócios (Note on Banco Português de Negócios) z dne 17. februarja 2010, stran 4.
Those impairments were estimated, after the nationalisation, ‘at more than 20 % of the total of the assets of BPN at that time’; see Memorandum of 14 September 2010, p. 17.
Po nacionalizaciji so bile navedene oslabitve ocenjene „na več kot 20 % takratnih skupnih sredstev BPN“; glej memorandum z dne 14. septembra 2010, str. 17.
According to the evaluations of both Deutsche Bank and Deloitte, BPN had a negative asset and financial value at the date of nationalisation.
Po ocenah banke Deutsche Bank in družbe Deloitte sta bili vrednost premoženja in finančna vrednost BPN na dan nacionalizacije negativni.
Report on Financial Stability of the Bank of Portugal for the year 2008, cited at p. 16 of Memorandum of 14 September 2010.
Poročilo o finančni stabilnosti banke Portugalske za leto 2008, citirano na str. 16 memoranduma z dne 14. septembra 2010.
Article 2(9) of the Nationalisation Law.
Člen 2(9) zakona o nacionalizaciji.
See p. 3 of the document sent by the Portuguese authorities entitled ‘Nota: Banco Português de Negócios, S.A.’ dated 17 February 2010.
Glej str. 3 dokumenta Nota: Banco Português de Negócios, S.A. z dne 17. februarja 2010, ki so ga poslali portugalski organi.
According to the ‘Nota on BPN’ dated 17 February 2010, the ELA facility was contracted on 17 October 2008, and was increased on 27 October 2008.
V skladu z dokumentom Nota: Banco Português de Negócios, S.A. z dne 17. februarja 2010 je bila pogodba o nujni likvidnostni pomoči sklenjena 17. oktobra 2008, znesek pomoči pa se je povečal 27. oktobra 2008.
See p. 32 of January 2012 Restructuring Plan.
Glej str. 32 načrta prestrukturiranja iz januarja 2012.
See p. 28 of January 2012 Restructuring Plan.
Glej str. 28 načrta prestrukturiranja iz januarja 2012.
The Special Purpose Vehicles were segregated from an accounting point of view from BPN on 31 December 2010, and formally taken over directly by the State on 15 February 2012.
Pravni subjekti s posebnim namenom so bili računovodsko izločeni iz BPN 31. decembra 2010, pri čemer jih je država neposredno formalno prevzela 15. februarja 2012.
Resolução do Conselho de Ministros n.o 57-B/2010) for the reprivatisation of BPN.
Resolução do Conselho de Ministros n.o 57-B/2010 v zvezi s ponovno privatizacijo BPN.
The decree-law setting out the legal framework for the privatisation of BPN was approved in November 2009.
Uredba z zakonsko močjo o določitvi pravnega okvira za privatizacijo BPN je bila potrjena novembra 2009.
See p. 35 of January 2012 Restructuring Plan.
Glej str. 35 načrta prestrukturiranja iz januarja 2012.
See the ‘Aviso de Banco de Portugal no 3/2011’ that requires credit institutions to reach a consolidated basis core tier 1 ratio of 9 % by 31 December 2011.
Glej dokument Aviso de Banco de Portugal no 3/2011, ki določa, da morajo kreditne institucije do 31. decembra 2011 na konsolidirani osnovi doseči 9-odstotni delež navadnega lastniškega temeljnega kapitala.
See response of the Portuguese authorities of 17 February 2012, Q. 7.
Glej odgovor portugalskih organov z dne 17. februarja 2012, vprašanje 7.
Confidential data.
Zaupni podatki.
Point 2.10 and 2.11 of the MoU.
Točki 2.10 in 2.11 memoranduma o soglasju.
A Memorandum governing the rules of the process was signed between BPN and the parties who declared an interest to enter the data room.
Med BPN in stranmi, ki so izrazile interes za dostop do podatkovne sobe, je bil podpisan memorandum o postopkovnih pravilih.
Núcleo Estratégico de Investidores (NEI), a group of investors.
Núcleo Estratégico de Investidores (NEI), skupina vlagateljev.
See document sent by the Portuguese authorities entitled ‘Plano Revisto’, dated 20 January 2012, p. 125.
Glej dokument Plano Revisto z dne 20. januarja 2012, str. 125, ki so ga poslali portugalski organi.
According to Article 2.5 (c) of the Framework Agreement the agreement would be terminated should the sale not be concluded by 31 March 2012 (subject to the possibility for BIC to extend that deadline).
V skladu s členom 2.5(c) okvirnega sporazuma, zadevni sporazum preneha veljati, če prodaja ni izvedena do 31. marca 2012 (ob upoštevanju dejstva, da lahko BIC navedeni rok podaljša).
The amount of the capital injection needed to reach the level sought by BIC was estimated by the Portuguese authorities as follows: approximately EUR […] million in September 2011, EUR […] million in November 2011, and EUR 600 million in January 2012.
Portugalski organi so ocenili, da bi bila za doseganje stopnje, ki jo je zahtevala BIC, potrebna kapitalska injekcija v naslednjih zneskih: približno […] milijonov EUR septembra 2011, […] milijonov EUR novembra 2011 in 600 milijonov EUR januarja 2012.
The SPVs passed from the control of BPN on 15 February 2012 and were transferred to the State.
Pravni subjekti s posebnim namenom od 15. februarja 2012 niso bili več pod nadzorom BPN, ampak so bili preneseni na državo.
The Portuguese authorities note that the current non-performing loans amount to EUR […] million as at September 2011, see document sent by the Portuguese authorities entitled ‘Plano Revisto’, dated 20 January 2012, p. 126.
Portugalski organi so navedli, da so septembra 2011 trenutna nedonosna posojila znašala […] milijonov EUR; glej dokument Plano Revisto z dne 20. januarja 2012, str. 126, ki so ga poslali portugalski organi.
According to the Portuguese authorities, the existing provisions should ensure that BIC will in practice not use that possibility, as non-performing loans would need to increase in the first year following the sale by around […] % for BIC to be able to use that option
Portugalski organi so navedli, da BIC na podlagi obstoječih določb dejansko ne bi mogla izkoristiti navedene možnosti, ker bi se morala v tem primeru stopnja nedonosnih posojil v prvem letu po prodaji povečati za približno […] %.
That reference rate may vary depending on duration and currency of the deposits (EURIBOR/LIBOR).
Navedena referenčna stopnja je odvisna od trajanja in valute vlog (EURIBOR/LIBOR).
That possibility was included in the Framework Agreement in order not to impose on BIC any less prudent decisions taken by the previous management of BPN.
Navedena možnost je bila vključena v okvirni sporazum, da ne bi za BIC veljale manj preudarne odločitve, ki jih je sprejela prejšnja uprava BPN.
According to the answer of the Portuguese authorities of 2 September 2011 and the document sent by the Portuguese authorities entitled ‘Plano Revisto’, dated 20 January 2012, p. 126, BIC can use that money line for up to three years during a drawing period of four years.
V skladu z odgovorom portugalskih organov z dne 2. septembra 2011 in dokumentom Plano Revisto z dne 20. januarja 2012, str. 126, ki so ga poslali portugalski organi, lahko BIC navedeno denarno linijo uporablja največ tri leta v štiriletnem obdobju črpanja.
Electronic mail from the Portuguese authorities received on 17 February 2012 in response to Commission’s request for information of 8 February 2012, question17.
Elektronska pošta, ki jo je Komisija prejela 17. februarja 2012 kot odgovor portugalskih organov na njeno zahtevo po informacijah z dne 8. februarja 2012, vprašanje 17.
According to that response, the capital injection led to the reimbursement of EUR 210 million of CGD money market loans.
V skladu z navedenim odgovorom je kapitalska injekcija omogočila vračilo posojil denarnega trga, ki jih je zagotovila CGD, in sicer v znesku 210 milijonov EUR.
See in particular the 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, OJ C 270, 25.10.2008, p. 8.
Glej zlasti sporočilo o uporabi pravil o državni pomoči za ukrepe v zvezi s finančnimi institucijami v okviru trenutne svetovne finančne krize, UL C 270, 25.10.2008, str. 8.
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, OJ C 270, 25.10.2008, p. 8, point 51.
Sporočilo o uporabi pravil o državni pomoči za ukrepe v zvezi s finančnimi institucijami v okviru trenutne svetovne finančne krize, UL C 270, 25.10.2008, str. 8, točka 51.
Considering the submission of 20 January 2012 that sets out the loan of EUR 80 million granted on 3 November 2008.
Ob upoštevanju dokumenta, predloženega 20. januarja 2012, v katerem je navedeno posojilo v znesku 80 milijonov EUR, ki je bilo odobreno 3. novembra 2008.
Communication from the Commission on the treatment of impaired assets in the Community banking sector, OJ C 72, 26.3.2009, p. 1.
Sporočilo Komisije o obravnavanju oslabljenih sredstev v bančnem sektorju Skupnosti, UL C 72, 26.3.2009, str. 1.
Commission Communication on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules, OJ C 195, 19.8.2009, p. 9.
Sporočilo Komisije o ponovni vzpostavitvi uspešnega poslovanja in oceni ukrepov prestrukturiranja v finančnem sektorju v sedanji krizi na podlagi pravil o državni pomoči, UL C 195, 19.8.2009, str. 9.
Communication from the Commission on the application, from 1 January 2012, of State aid rules to support measures in favour of banks in the context of the financial crisis, OJ C 356, 6.12.2011, p. 7.
Sporočilo Komisije o uporabi pravil o državni pomoči za podporne ukrepe v korist bank v okviru finančne krize od 1. januarja 2012 dalje, UL C 356, 6.12.2011, str. 7.
Commission Decision of 29 October 2008 in State aid case NN60/2008 – Portuguese guarantee scheme, OJ C 9, 14.1.2009 and Corrigendum, OJ C 25, 31.1.2009, prolonged by the Commission Decision of 22 February 2010 in State aid case N51/2010, OJ C 96, 16.4.2010, further prolonged by the Commission Decision of 23 July 2010 in State aid case N315/2010, OJ C 283, 20.10.2010, further prolonged by the Commission Decision of 21 January 2011 in State aid case SA.32158, OJ C 111, 9 April 2011 and further prolonged by the Commission Decision of 21 December 2011 in State aid case SA.34034, not yet published.
Sklep Komisije z dne 29. oktobra 2008 v zadevi o državni pomoči NN60/2008 – portugalska jamstvena shema, UL C 9, 14.1.2009, in popravek, UL C 25, 31.1.2009, podaljšan s sklepom Komisije z dne 22. februarja 2010 v zadevi o državni pomoči N51/2010, UL C 96, 16.4.2010, dodatno podaljšan s sklepom Komisije z dne 23. julija 2010 v zadevi o državni pomoči N315/2010, UL C 283, 20.10.2010, dodatno podaljšan s sklepom Komisije z dne 21. januarja 2011 v zadevi o državni pomoči SA.32158, UL C 111, 9.4.2011, in dodatno podaljšan s sklepom Komisije z dne 21. decembra 2011 v zadevi o državni pomoči SA.34034, še ni objavljeno.