natgillin/translations-raw huggingface dataset:
On 30 May 2007, the National Bank of Greece, lending bank of United Textiles, was granted a State guarantee for a new loan to include: (a) a rescheduling of an existing loan of EUR 7,5 million; and (b) a new loan of EUR 12,5 million. The State guarantee covered 80 % the loan.
Narodni banki Grčije, ki je ena od bank upnic podjetja United Textiles, je bilo 30. maja 2007 dodeljeno državno poroštvo za novo posojilo, ki je vključevalo: (a) reprogramiranje obstoječega posojila v višini 7,5 milijona EUR in (b) novo posojilo v višini 12,5 milijona EUR. Državno poroštvo je bilo zagotovljeno za 80 % posojila.
This new loan had an interest rate of six-month EURIBOR, plus spread of 1,85 % [9], equal to a total interest rate of 6,10 % on 30 May 2007.
Za novo posojilo je veljala šestmesečna obrestna mera EURIBOR s pribitkom 1,85 % [9], kar je 30. maja 2007 pomenilo skupno obrestno mero 6,10 %.
There was no premium for the State guarantee.
Za državno poroštvo ni bila zaračunana nobena premija.
According to the submitted rescheduling contract, the original existing loan was covered with a mortgage on a fixed asset.
V skladu s predloženo pogodbo o reprogramiranju je bilo obstoječe posojilo zavarovano s hipoteko na osnovna sredstva.
Also, according to the annual reports of United Textiles for 2007, 2008 and 2009, the above new loan was covered with the guarantee of the main shareholder and also envisaged to be covered with pledges on assets, however there is no reference to any realisation of the latter pledge.
V skladu z letnimi poročili podjetja United Textiles za leta 2007, 2008 in 2009 je bilo novo posojilo zavarovano s poroštvom, ki ga je dal glavni delničar, poleg tega pa je bilo predvideno, da bo zavarovano z zastavljenim premoženjem, vendar sklicevanja na takšne zastavitve niso bila navedena.
The guarantee was based on a Ministerial decision of 26 January 2007 (Decision 2/75172/0025/26.01.2007).
Poroštvo je bilo dodeljeno na podlagi ministrskega sklepa z dne 26. januarja 2007 (sklep št. 2/75172/0025/26.01.2007).
The decision foresaw that State guarantees could be issued to existing loans of industrial, mining, livestock farming and hotel companies, located in the district of Imathia, Northern Greece (where part of United Textiles’ operations is located).
V skladu z navedenim sklepom se lahko državna poroštva dodelijo za obstoječa posojila podjetjem na področju industrije, rudarstva, živinoreje in hotelirstva v prefekturi Imathía (v kateri posluje tudi del podjetja United Textiles).
The scheme did not exclude firms in difficulty and did not foresee a premium for the State guarantee.
Shema ni izključevala podjetij v težavah in ni določala premij, ki bi se plačale za državno poroštvo.
The scheme did not foresee any kind of objective criteria for the selection of beneficiary companies.
Prav tako ni določala nobenih objektivnih meril za izbiro upravičencev.
The Commission notes that the scheme has not been notified, in line with Article 108 TFEU, therefore the Commission reserves the right to investigate other State measures possibly granted on the basis of the scheme.
Shema ni bila priglašena v skladu s členom 108 PDEU, zato si Komisija pridržuje pravico, da preveri vse druge državne ukrepe, ki so bili morda sprejeti na podlagi te sheme.
On the basis of the guarantee, the loan agreements were signed on 11 October 2007.
Na podlagi poroštva so bile 11. oktobra 2007 podpisane posojilne pogodbe.
Measure 2: Rescheduling of social insurance debts
Ukrep 2: reprogramiranje dolgov za socialne prispevke
On 25 May 2009 the Greek authorities rescheduled the company’s overdue social insurance debts of the period 2004-09, amounting to EUR 14,57 million, to 96 monthly payments of EUR 0,19 million each. The rescheduling took place in the context of Law No 3762/2009 [10].
Grški organi so 25. maja 2009 reprogramirali zapadle dolgove podjetja za socialne prispevke v obdobju 2004–2009 v višini 14,57 milijona EUR, ki naj bi se nato odplačali v 96 mesečnih obrokih po 0,19 milijona EUR. Reprogramiranje je bilo izvedeno v skladu z zakonom št. 3762/2009 [10].
The rescheduled amount partly included debts already arranged in previous reschedulings, which had not been respected.
Nekateri od tako reprogramiranih dolgov so že bili vključeni v predhodna reprogramiranja, ki niso bila izvedena.
In addition, on the basis of the information submitted, it does not seem that United Textiles has paid any contributions so far.
Glede na predložene informacije se zdi, da podjetje United Textiles do zdaj teh prispevkov ni plačalo.
Measure 3: The State guarantee of October 2009 and June 2010
Ukrep 3: državno poroštvo iz oktobra 2009 in junija 2010
On 30 June 2010, with ministerial decision 2/35129/0025, the Greek State granted a guarantee to the lending banks of United Textiles. Those banks are the National Bank of Greece, Emporiki Bank, Agricultural Bank of Greece, Alpha Bank and Eurobank.
Grčija je 30. junija 2010 na podlagi ministrskega sklepa št. 2/35129/0025 dodelila poroštvo bankam upnicam podjetja United Textiles, in sicer Narodni banki Grčije, Emporiki Bank, Kmetijski banki Grčije, Alpha Bank in Eurobank.
The guarantee covered a new planned syndicated loan of EUR 63,6 million, separated in three sub-amounts for the purpose of the following:
Poroštvo je bilo zagotovljeno za načrtovano novo sindicirano posojilo v višini 63,6 milijona EUR, ki je bilo razdeljeno na tri dele za naslednje namene:
Also according to the information available, those loans were initially not covered by a State guarantee.
Razpoložljive informacije tudi kažejo, da posojila na začetku niso bila zavarovana z državnim poroštvom;
EUR 15 million to finance the payment of overdue debts of the company to the State, to suppliers and to its employees.
15 milijonov EUR za financiranje plačila zapadlih dolgov, ki jih je imelo podjetje do države, dobaviteljev in svojih zaposlenih;
EUR 12 million to finance investments and operating expenses.
12 milijonov EUR za financiranje naložb in operativnih stroškov.
The underlying planned syndicated loan had duration of nine years.
Načrtovano sindicirano posojilo naj bi trajalo devet let.
The ministerial decision 2/35129/0025 granting the guarantee did not specify any interest rate for the loans to be covered.
V ministrskem sklepu št. 2/35129/0025, na podlagi katerega je bilo dodeljeno poroštvo, obrestne mere za posojila, ki naj bi bila zavarovana, niso bile določene.
It merely specified that the loans have to be at ‘market’ rate.
Navedeno je bilo le, da morajo biti posojila odobrena po tržni obrestni meri.
The State guarantee covers 80 % of the loan.
Državno poroštvo je bilo zagotovljeno za 80 % posojila.
A yearly premium of 2 % on the loan’s yearly average outstanding amount is foreseen for the State.
Država naj bi vzela letno premijo v višini 2 % letnega povprečnega neporavnanega zneska.
Lending banks receive, in addition to the State guarantee, securities for the new loan in the form of pledged shares of the company for at least 25,9 % of its total shareholding and first rank mortgages on real estate assets of the company.
Banke upnice naj bi poleg državnega poroštva prejele zavarovanje za novo posojilo v obliki zastavljenih delnic v podjetju za vsaj 25,9 % vseh delnic in prvovrstnih hipotek na nepremičninska sredstva podjetja.
The State does not receive any security for its guarantee; however, in case the guarantee is called, the securities will be transferred to the State.
Država za svoje poroštvo ne bi prejela zavarovanja, če pa bi se poroštvo unovčilo, bi bilo treba zavarovanje prenesti na državo.
The guarantee granted in June 2010 under ministerial decision 2/35129/0025 replaced (by revoking it) a previously granted one of 2 October 2009 (ministerial decision 2/71055/0025).
S poroštvom, dodeljenim junija 2010 na podlagi ministrskega sklepa št. 2/35129/0025, je bilo razveljavljeno predhodno poroštvo, dodeljeno 2. oktobra 2009 (ministrski sklep št. 2/71055/0025).
The latter was granted for a new loan of EUR 40 million, also aiming at financing the rescheduling of the loans granted to the company in the period August 2008-February 2009 (see recital 22(a)).
To predhodno poroštvo je bilo zagotovljeno za novo posojilo v višini 40 milijonov EUR, ki je bilo prav tako namenjeno za financiranje reprogramiranja posojil, ki so bila podjetju dodeljena v obdobju od avgusta 2008 do februarja 2009 (glej uvodno izjavo 22(a)).
The loan of EUR 40 million, however, was never issued and therefore the October 2009 guarantee was not activated.
Vendar to posojilo v višini 40 milijonov EUR ni bilo nikoli izplačano, zato poroštvo iz oktobra 2009 ni bilo aktivirano.
Instead, the latter was replaced with the new guarantee of June 2010, which covered the syndicated loan of EUR 63,6 million. According to the Greek authorities, the reason for that replacement was that the extent of the loan of EUR 40 million was not sufficient anymore to cover the company’s liquidity needs.
Namesto tega je bilo navedeno poroštvo nadomeščeno z novim poroštvom iz junija 2010, ki je bilo odobreno za sindicirano posojilo v višini 63,6 milijona EUR. Po navedbah grških organov je bil razlog za spremembo dejstvo, da posojilo v višini 40 milijonov EUR ni več zadostovalo za pokritje likvidnostnih zahtev podjetja.
Despite the guarantee, the underlying loan has never been granted.
Kljub poroštvu osnovno posojilo nikoli ni bilo odobreno.
In view of the company’s acute difficulties, the banks refrained from signing the loan agreement and never paid out the loan.
Zaradi resnih težav podjetja banke niso želele podpisati posojilne pogodbe in posojila niso nikoli izplačale.
In the opening decision of 27 October 2010, the Commission questioned whether the terms of the State guarantees of 2007 (Measure 1) and 2010 (Measure 3) were market conform and in line with the Commission Notice on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees [11] (‘the Guarantee Notice’).
Komisija je v sklepu o začetku postopka z dne 27. oktobra 2010 izrazila pomisleke glede skladnosti pogojev za državni poroštvi iz leta 2007 (ukrep 1) in 2010 (ukrep 3) s tržnimi pogoji ter Obvestilom Komisije o uporabi členov 87 in 88 Pogodbe ES za državno pomoč v obliki poroštev [11] (v nadaljnjem besedilu: obvestilo o poroštvih).
As regards the measure of the rescheduling of overdue social insurance obligations (Measure 2), in the opening decision of 27 October 2010, the Commission questioned whether a private creditor in the given circumstances would have accepted any type of rescheduling of debts.
V zvezi z reprogramiranjem zapadlih obveznosti iz naslova socialnih prispevkov (ukrep 2) je Komisijo v sklepu o začetku postopka z dne 27. oktobra 2010 zanimalo, ali bi zasebni upnik v takšnih okoliščinah sprejel kakršno koli reprogramiranje dolga.
Indeed, the possibility of obtaining a late repayment of the debt appeared restricted, since United Textiles was already in serious financial difficulties and had stopped most of its production.
Možnost za prejetje zapoznelega plačila dolga se je zdela zelo majhna, saj je bilo podjetje United Textiles že v resnih finančnih težavah in je ustavilo večino svoje proizvodnje.
The Commission thus questioned whether the measures under investigation constituted illegal State aid in the meaning of Article 107(1) TFEU and whether the measures were compatible with the TFEU.
Komisija zato ni bila prepričana, ali so obravnavani ukrepi pomenili nezakonito državno pomoč v smislu člena 107(1) PDEU in ali so bili združljivi s PDEU.
COMMENTS FROM GREECE AND THE BENEFICIARY
PRIPOMBE GRČIJE IN UPRAVIČENCA
The information submitted by the Greek authorities and United Textiles (the beneficiary) on the measures in question can be summarised as follows:
Informacije, ki so jih v zvezi z zadevnimi ukrepi predložili grški organi in upravičenec (podjetje United Textiles), so povzete v nadaljevanju.
IV(a) Measure 1: The State guarantee of May 2007
IV(a) Ukrep 1: državno poroštvo iz maja 2007
With regard to Measure 1, the comments of Greece and the beneficiary overlap to a large extent, therefore the Commission will expose them together, as follows:
Pripombe Grčije in upravičenca v zvezi z ukrepom 1 se v večjem delu prekrivajo, zato jih Komisija povzema skupaj.
Greece and the beneficiary acknowledge that at the time of the 2007 guarantee the company was in difficulty, allegedly due to international competition of lower cost countries.
Grčija in upravičenec priznavata, da je bilo podjetje v času poroštva iz leta 2007 v težavah, ki naj bi bile posledica mednarodne konkurence iz držav z nižjimi stroški.
Greece also acknowledges having granted the above guarantees.
Grčija priznava, da je dodelila poroštva.
Greece and the beneficiary also support that the 2007 guarantee does not constitute aid, as it was not selective to United Textiles: it was granted on the basis of a ministerial decision not only for United Textiles but also for other companies.
Grčija in upravičenec trdita, da poroštvo iz leta 2007 ni pomenilo pomoči, ker ni bilo selektivno: ni bilo ciljno namenjeno podjetju United Textiles, ampak je bilo dodeljeno na podlagi ministrskega sklepa, ki se ni nanašalo le na zadevno podjetje, ampak tudi na druga podjetja.
Apart from the above, Greece and the beneficiary argue that the 2007 guarantee was granted pursuant to Greek Law No 2322/1995, which allowed the Minister of Finance to grant State guarantees to banking institutions for loans that reschedule debts or grant new working capital.
Grčija in upravičenec trdita tudi, da je bilo poroštvo iz leta 2007 dodeljeno v skladu z grškim zakonom št. 2322/1995, na podlagi katerega je minister za finance bančnim institucijam dodelil državna poroštva za posojila, s katerimi so bili reprogramirani dolgovi ali je bil zagotovljen nov obratni kapital.
Furthermore, Greece and the beneficiary claim that before having been granted the guarantee, the company had submitted to the Greek authorities a restructuring plan with financing from banks and without any State guarantee.
Grčija in upravičenec trdita, da je podjetje pred prejetjem poroštva grškim organom predložilo načrt prestrukturiranja, ki vključuje financiranje s strani bank in brez državnega poroštva.
Such a restructuring plan was never formally submitted to the Commission.
Komisija uradno ni nikoli prejela takšnega načrta prestrukturiranja.
Greece also argues that the 2007 guarantee was granted in line with the State aid rules in force in the EU.
Grčija tudi trdi, da je bilo poroštvo iz leta 2007 dodeljeno v skladu s pravili Evropske unije o državni pomoči.
According to Greece’s allegations, the guarantee had a maximum coverage of 80 % and was granted for loans with market interest rates.
Ob tem zatrjuje, da poroštvo ni bilo zagotovljeno za več kot 80 % posojila in da je bilo za posojila dodeljeno po tržnih obrestnih merah.
Also, Greece supports that the loan was properly securitised with pledged commodities and personal guarantees of shareholders and that it was granted for a specific transaction and duration.
Grčija trdi, da je bilo posojilo ustrezno zavarovano z zastavljenimi nepremičninami in osebnimi jamstvi delničarjev ter da je bilo dodeljeno za določeno transakcijo in čas trajanja.
Moreover, Greece and the beneficiary support that the latter is one of the most significant textile companies in Greece, employing a significant number of staff and operating mainly in regions close to the border.
Grčija in upravičenec trdita, da je upravičenec eno od največjih tekstilnih podjetij v Grčiji, ki ima veliko zaposlenih in deluje predvsem v obmejnih regijah.
Greece and the beneficiary also claim that the National Bank of Greece (the lending bank) has accepted to decline the State guarantee and in its place to inscribe a mortgage on real estate assets of United Textiles, which will inactivate the guarantee.
Prav tako trdita, da je Narodna banka Grčije (banka upnica) soglašala z zavrnitvijo državnega poroštva, namesto katerega bi se vzela hipoteka na nepremičninska sredstva podjetja United Textiles, s čimer bi se deaktiviralo poroštvo.
Finally, Greece and the beneficiary argue that the guarantee was incorporated in the guarantee of 2010, therefore there is a continuum in the settlement of the company’s lending.
Poleg tega Grčija in upravičenec trdita, da je bilo poroštvo vključeno v poroštvo iz leta 2010, kar pomeni, da gre za celostni pristop k poravnavi posojila podjetja.
IV(b) Measure 2: Rescheduling of overdue public insurance debts
IV(b) Ukrep 2: reprogramiranje zapadlih dolgov za socialne prispevke
Greece and the beneficiary argue that the measure is based on Law No 3762/2009, which is a general law, applicable to all companies with overdue or unpaid public insurance obligations, therefore the measure in question is not selective.
Grčija in upravičenec trdita, da ukrep temelji na zakonu št. 3762/2009, ki je splošni zakon, veljaven za vsa podjetja z zapadlimi ali neplačanimi obveznostmi iz naslova javnega zavarovanja, zato ukrep ni selektiven.
IV(c) Measure 3: The State guarantee of June 2010
IV(c) Ukrep 3: državno poroštvo iz junija 2010
Greece acknowledges having granted the 2010 guarantee and argues that the latter was granted because the extent of the previous guarantee of 2009 (which has never been implemented) was not sufficient anymore to cover the company’s liquidity needs, therefore the 2009 guarantee was incorporated into the 2010 guarantee.
Grčija priznava dodelitev poroštva iz leta 2010, pri čemer navaja, da ga je dodelila, ker predhodno poroštvo iz leta 2009 (ki ni bilo nikoli izplačano) ni več zadostovalo za kritje likvidnostnih zahtev podjetja. Poroštvo iz leta 2009 je bilo zato vključeno v poroštvo iz leta 2010.
Greece argues that the 2010 guarantee is in line with the communication from the Commission — community guidelines on State aid for rescuing and restructuring firms in difficulty [12] (‘Rescue and restructuring guidelines’) and that it does not confer an advantage to United Textiles.
Grčija trdi, da je poroštvo iz leta 2010 skladno s smernicami Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah (v nadaljnjem besedilu: smernice za reševanje in prestrukturiranje) [12] ter ne pomeni prednosti za podjetje United Textiles.
Moreover, it claims that there is no infringement of the ‘one time last time’ principle as enshrined in the Rescue and restructuring guidelines, since the 2010 guarantee replaces the 2009 guarantee and changes several provisions of the 2007 guarantee (see Measure 1 in recital 18).
Poleg tega trdi, da ne gre za kršitev načela o enkratni pomoči („enkrat in zadnjič“) iz smernic za reševanje in prestrukturiranje, ker poroštvo iz leta 2010 nadomešča poroštvo iz leta 2009 in spreminja več določb poroštva iz leta 2007 (glej uvodno izjavo 18, ukrep 1).
Therefore, the 2010 guarantee embodies the totality of the clauses of the company’s loans in a single text with unified provisions.
Tako poroštvo iz leta 2010 vse klavzule, ki urejajo posojila podjetja, združuje v enem besedilu s poenotenimi določbami.
Greece also states that the guarantee is not valid yet, because the Ministry’s competent service has not approved it yet.
Grčija tudi navaja, da poroštvo še ne velja, ker ga še ni odobril pristojni oddelek ministrstva.
Finally, Greece informed the Commission that the 2010 guarantee has not yet been activated, as the company has not signed any loan contract with any bank and no loan payment has taken place.
Grčija je Komisijo obvestila, da poroštvo iz leta 2010 še ni bilo aktivirano, ker podjetje z nobeno banko ni podpisalo posojilne pogodbe in posojilo ni bilo izplačano.
Also, the Greek authorities have drawn the Commission’s attention to the fact that the granting ministerial decision 2/35129/0025/28.06.2010 foresees that the loan’s first two sub-loans (EUR 36,6 million + EUR 15 million) had to be paid until 28 July 2010 and this date has expired, therefore the guarantee actually cannot be activated.
Grški organi Komisijo opozarjajo na dejstvo, da je bilo treba v skladu z ministrskim sklepom št. 2/35129/0025/28.06.2010, na podlagi katerega je bilo odobreno poroštvo, prva dva obroka posojila (36,6 milijona EUR in 15 milijonov EUR) plačati do 28. julija 2010, pri čemer je ta rok potekel, tako da poroštva na podlagi njegovih lastnih pogojev dejansko ni mogoče aktivirati.
United Textiles argues that the underlying loan contract has not been signed yet, therefore there is no interest rate defined yet.
Podjetje United Textiles trdi, da osnovna posojilna pogodba ni bila podpisana in zato obrestna mera ni bila določena.
When this is done, the interest rate will be market conform.
Ko bo to izvedeno, bo obrestna mera določena pod tržnimi pogoji.
Regarding the restructuring plan of 2010 (see recital 4), United Textiles supports that it foresees a drastic reduction of production, therefore the forecasted return to viability does not distort competition.
V zvezi z načrtom prestrukturiranja iz leta 2010 (glej uvodno izjavo 4) podjetje United Textiles trdi, da načrt predvideva bistveno zmanjšanje proizvodnje in da napovedano ponovno doseganje rentabilnosti podjetja ne pomeni izkrivljanja konkurence.
On the basis of the above facts and also of the arguments of Greece and United Textiles, the Commission will assess the measures in question in this section.
Komisija bo ukrepe iz tega oddelka ocenila na podlagi zgoraj navedenih dejstev in argumentov, ki sta jih predložila Grčija in podjetje United Textiles.
First, the Commission will assess the status of United Textiles at the time of the measures under scrutiny, in order to conclude if the company was in difficulty or not (Section V(a)).
Najprej bo ocenila stanje podjetja United Textiles v času izvajanja obravnavanih ukrepov, da bo ugotovila, ali je šlo za podjetje v težavah (oddelek V(a)).
Secondly, the Commission will assess the presence of aid in the measures under scrutiny, in order to conclude if there is aid or not (Section V(b)).
Nato bo ocenila, ali obravnavani ukrepi vključujejo državno pomoč (oddelek V(b)).
Thirdly, where a measure indeed involves aid, the Commission will assess its compatibility with the internal market (Section V(c)).
Če ukrep zajema pomoč, bo Komisija nazadnje ocenila še, ali je pomoč združljiva z notranjim trgom (oddelek V(c)).
V(a) Status of the company
V(a) Stanje podjetja
As shown in recitals 14 and 15 and set out in more detail in Table 1 below, the company’s operating and financial performance deteriorated significantly in the period 2004-09.
Kot je navedeno v uvodnih izjavah 14 in 15 ter podrobneje prikazano v spodnji preglednici 1, sta se poslovanje in finančna uspešnost podjetja v obdobju 2004–2009 znatno poslabšala.
United Textiles’ key financial data (million EUR)
Ključni finančni podatki podjetja United Textiles (v milijonih EUR)
Data from 2004-09 financial statements.
Podatki iz računovodskih izkazov za obdobje 2004–2009.
Turnover
Prihodki
EBT
Prihodki pred davki
Registered capital
Delniški kapital
Own equity
Lastniški kapital delničarjev
On the basis of these financial figures, the Commission concludes that the company has been in difficulty in the meaning of point 10 of the Rescue and restructuring guidelines at the time of the granting of the measures under scrutiny (the period 2007-10).
Komisija na podlagi teh finančnih podatkov ugotavlja, da je bilo podjetje v času sprejetja obravnavanih ukrepov (2007–2010) „v težavah“ v smislu točke 10 smernic za reševanje in prestrukturiranje.
The Commission equally considers that the company is in difficulties at present.
Komisija prav tako meni, da je podjetje zdaj v težavah.
More specifically, with regard to point 10(a) of the Rescue and restructuring guidelines, the company’s registered capital, as appearing in its financial statements of years 2004-09, was not lost but increased in the period 2004-09.
Kar zadeva točko 10(a) smernic za reševanje in prestrukturiranje, delniški kapital podjetja v obdobju 2004–2009, kot je prikazan v računovodskih izkazih podjetja, ni bil izgubljen in se je dejansko povečal.
If adopted, those measures would be either the increase of capital or the capitalisation of losses, which would wipe out the registered capital.
Ukrepi, ki jih je imelo podjetje na voljo, so vključevali povečanje kapitala ali kapitalizacijo izgub, ki bi izničila delniški kapital.