natgillin/translations-raw huggingface dataset:
However, that process has been delayed and it is still on-going.
„Stand-by“ likvidnostno posojilo v višini do 250 milijonov LVL, opisano v točki (c) uvodne izjave 36, je bilo začasno odobreno od 1. januarja 2012 in na voljo banki do zaključka prodaje v primeru izrednih dogodkov v zvezi z likvidnostjo.
Since the Latvian authorities have not finalised the SDI project, this decision only covers the commercial part of MLB.
Dne 30. maja 2013 je bil znesek uporabljene likvidnostne podpore bistveno nižji od največjega predvidenega zneska (50 milijonov LVL), saj ni prišlo do navala na banko, proces preoblikovanja pa je potekal neovirano.
As a consequence, the development part of MLB will be assessed in a separate final decision.
Trenutno neporavnan saldo znaša 25 milijonov LVL, ki naj bi se po načrtih odplačal do 31. decembra 2013.
In the opening decision the following measures granted by Latvia to the commercial part of MLB were approved temporarily as rescue aid:
Jamstva v višini do 32 milijonov LVL, opisana v točki (d) uvodne izjave 36, naj bi se zagotovila mednarodnim upnikom banke v zvezi z njenim komercialnim segmentom.
a recapitalisation measure of LVL 70,2 million granted on 23 March 2010,
Ker bi se prodaja komercialnega segmenta in preoblikovanje banke v razvojno banko lahko štela za neplačilo v skladu z njenimi pogodbami, je bil navedeni ukrep potreben za jamčenje obveznosti, če bi navedeni mednarodni upniki zahtevali predplačilo posojil za banko.
a recapitalisation measure of LVL 50 million granted at the end of 2011 (granted as a liquidity measure to be converted into capital),
Vendar je bil znesek jamstev, potrebnih za komercialni del, nižji od pričakovanega zneska v višini 32 milijonov LVL, saj so le nekateri mednarodni upniki zahtevali dodatne varnostne ukrepe.
a standby liquidity facility of up to LVL 250 million,
Na dan 30. maja 2013 so jamstva, ki naj bi bila potrebna glede na napovedi, znašala 12,4 milijona LVL.
guarantees to international creditors of the commercial segment of MLB up to LVL 32 million, and
Likvidnostna podpora za družbo HipoNIA, opisana v točki (e) uvodne izjave 36, se je izkazala za višjo od zneska, ki ga je Komisija začasno odobrila, in je znašala 71 milijonov LVL namesto 60 milijonov LVL.
liquidity support of up to LVL 60 million for the solvent liquidation of the bad assets within HipoNIA.
Večji znesek je bil potreben, ker del svežnja 3 ni bil prodan na trgu, temveč je bil prenesen družbi HipoNIA, s čimer se je povečal potreben znesek finančnih sredstev.
Latvia submitted information on the use of that State support for the liquidation of the commercial segment of MLB, amended so as to take into account the implementation of the sales strategy.
Po pričakovanjih naj bi se navedena likvidnostna podpora odplačala do 31. decembra 2018.
The overall amount of capital needed from the measure described in point (b) of recital 36 was lower than initially planned, at LVL 25 million instead of LVL 50 million, as the Latvian authorities decided that MLB would operate without a banking licence, which diminished the amount of required capital.
Latvija je zato prosila Komisijo, naj odobri zvišanje likvidnostne podpore za 11 milijonov LVL.
The LVL 25 million capital increase took place in June 2012 [18].
V tem okviru je Latvija trdila, da je skupni znesek pomoči, potreben za postopno opuščanje komercialnega segmenta banke, nižji od zneska začasno odobrene pomoči.
The standby liquidity facility of up to LVL 250 million described in point (c) of recital 36 was temporarily approved and made available to MLB as from 1 January 2012 until the completion of the sale process, to be available in case of emergency liquidity events.
Preglednica 2
As of 30 May 2013, the liquidity support used had been substantially lower than the maximum amount foreseen (LVL 50 million), because there was no run on deposits and the transformation process had gone smoothly.
Pregled odobrene državne pomoči v primerjavi z dodeljeno državno pomočjo
There is currently an outstanding balance of LVL 25 million, which is expected to be repaid by 31 December 2013.
(stanje maja 2013)
The guarantees of up to LVL 32 million described in point (d) of recital 36 were to be provided to international creditors of MLB in relation to its commercial segment.
Likvidnostna podpora za banko
As the sale of the commercial segment and transformation of MLB into a development bank could have been considered as a default event according to their contracts, that measure was needed to guarantee liabilities in case those international creditors had required the pre-payment of loans to MLB.
Znesek, ki ga je Komisija začasno odobrila 26. januarja 2012
However, the amount of guarantees required for the commercial part has been lower than the LVL 32 million expected as only some international creditors required additional safety measures.
250 milijonov LVL
As of 30 May 2013, the level of guarantees forecast to be needed was LVL 12,4 million.
Znesek, dodeljen decembra 2011
The liquidity support to HipoNIA described in point (e) of recital 36 has turned out to be higher than the amount temporarily approved by the Commission, at LVL 71 million instead of LVL 60 million.
50 milijonov LVL
The increase was required as a part of Bundle 3 was not sold in the market but instead was transferred to HipoNIA, thus increasing the necessary amount of funding.
Likvidnostna podpora za družbo HipoNIA
That liquidity support is expected to be repaid by 31 December 2018.
60 milijonov LVL
Latvia has thus asked the Commission to approve the increase of the liquidity support by LVL 11 million.
Znesek, dodeljen junija 2013
In that context, Latvia argued that the overall amount of the aid needed for phasing out the commercial segment of MLB is lower than the amount of aid temporarily approved.
71 milijonov LVL
Table 2
Jamstva
Overview of State aid approved vs. State aid granted
32 milijonov LVL
(situation as at May 2013)
Znesek, dodeljen junija 2012
Liquidity support to MLB
12,4 milijona LVL
Amount preliminarily approved by the Commission on 26 January 2012
Kapital
LVL 250,0 million
70,2 milijona LVL + 50 milijonov LVL
Amount granted in December 2011
70,2 milijona LVL + 25 milijonov LVL
LVL 50,0 million
Skupni znesek državne pomoči
Liquidity support to HipoNIA
462,2 milijona LVL
LVL 60,0 million
Trenutna ocena zneska ukrepov pomoči
Amount granted in June 2013
228,6 milijona LVL
LVL 71,0 million
Razlogi za začetek postopka
Guarantees
Sporočilo o prestrukturiranju [19] določa pravila o državni pomoči, ki se uporabljajo za prestrukturiranje finančnih institucij v sedanji krizi.
LVL 32,0 million
V skladu s sporočilom o prestrukturiranju je prestrukturiranje finančne institucije v okviru sedanje finančne krize združljivo s členom 107(3)(b) Pogodbe, če:
Amount granted in June 2012
vključuje zadosten lastni prispevek upravičenca (porazdelitev bremena),
LVL 12,4 million
vključuje zadostne ukrepe za omejevanje izkrivljanja konkurence,
Capital
povzroči ponovno vzpostavitev uspešnega poslovanja banke ali pojasnjuje, kako bi bilo mogoče izvesti postopek prenehanja v skladu s predpisi.
LVL 70,2 + 50,0 million
V sklepu o začetku postopka je Komisija začasno odobrila pomoč za reševanje, saj je menila, da so ukrepi, opisani v uvodni izjavi 36, ustrezni, ker je njihov cilj odpraviti grožnjo latvijskemu gospodarstvu, ki je izhajala iz težav banke.
LVL 70,2 + 25,0 million
Komisija je menila tudi, da so bili navedeni ukrepi potrebni in najugodnejša možnost za latvijsko vlado pri postopnem opuščanju komercialnih dejavnosti banke.
Total State aid
Kljub temu je imela Komisija pomisleke o tem, ali je pomoč sorazmerna, zato je zahtevala dodatne informacije v zvezi s tem.
LVL 462,2 million
Zaščitni ukrepi proti neupravičenemu izkrivljanju konkurence – prenehanje komercialnih dejavnosti
Current estimation of the amount of the aid measures
V skladu s prodajno strategijo naj bi se večina gospodarskih dejavnosti komercialnega segmenta banke prenehala in prodala v svežnjih, odvisni družbi Hipolizings in Hipo Fondi pa naj bi se prodali ločeno od banke, kar je bilo po mnenju Komisije pozitivno.
LVL 228,6 million
V zvezi s prenehanjem dejavnosti v skladu s predpisi je Komisija sklenila, da je potrebnih več informacij o združljivosti pomoči za prenehanje komercialnih dejavnosti banke.
Grounds for initiating the procedure
Komisija je zlasti prosila latvijske organe, naj navedejo točne mejnike, predvidene za prodajo dejavnosti, in dodatne informacije o dejavnostih, ki jih ni bilo mogoče prodati.
The Restructuring Communication [19] sets out the State rules applicable to the restructuring of the financial institutions in the current crisis.
V zvezi z gospodarskimi dejavnostmi, ki naj bi se nadaljevale, naj bi se le dva subjekta, in sicer Hipolizings in Hipo Fondi, prodala kot samostojna pravna subjekta.
According to the Restructuring Communication, in order to be compatible with Article 107(3)(b) of the Treaty, the restructuring of a financial institution in the context of the current financial crisis has to:
Kljub temu je Komisija ob upoštevanju njune omejene prisotnosti na trgu [20] in pravočasne prodaje, ki jo je izvedla banka, začasno zaključila, da so bili ukrepi pomoči ustrezni.
include sufficient own contribution by the beneficiary (burden-sharing);
Ponovna vzpostavitev dolgoročnega uspešnega poslovanja gospodarskih dejavnosti bančne skupine
contain sufficient measures limiting the distortion of competition;
V sklepu o začetku postopka je Komisija prosila latvijske organe, naj predložijo dodatne informacije za zagotovitev, da bodo subjekti, ki bodo ostali samostojni (Hipolizings in Hipo Fondi), uspešno poslovali po prodaji.
lead to a restoration of the viability of the bank or demonstrate how it can be wound-up in an orderly fashion.
Podrobneje povedano, Komisija je želela vedeti, kdo bo po prodaji zagotovil zahtevano infrastrukturo ali finančna sredstva namesto banke.
In the opening decision, the Commission temporarily approved the rescue aid, considering that the measures described in recital 36 were appropriate as they aimed at eliminating the threat to the Latvian economy stemming from the problems of MLB.
Prenehanje neprodanih komercialnih dejavnosti v skladu s predpisi
The Commission also considered that those measures were necessary and were the best value options for the Latvian government to phase out the commercial activities of the bank.
Čeprav so v prodajni strategiji navedene informacije o pogojih za prenehanje komercialnih dejavnosti v skladu s predpisi, je Komisija v sklepu o začetku postopka izrazila pomisleke o vzpostavitvi zadostnih zaščitnih ukrepov proti neupravičenemu izkrivljanju konkurence.
Nevertheless the Commission had doubts that the aid was proportionate and requested further information in that respect.
Komisija je zlasti pozvala latvijske organe, naj pravočasno zaključijo prodajo in predlagajo dodatne ukrepe za zagotovitev, da je banka določila neprivlačne cene svojih komercialnih produktov in zgornjo mejo predplačil za obstoječa posojila.
Safeguards against undue distortion of competition — Discontinuation of commercial activities
PRIPOMBE ZAINTERESIRANIH STRANI
According to the sales strategy, most of the economic activities of the commercial segment of MLB were to be discontinued and sold in bundles and the subsidiaries Hipolizings and Hipo Fondi were to be sold separately from the bank, which the Commission viewed positively.
PRIPOMBE LATVIJE O SKLEPU O ZAČETKU POSTOPKA
As regards winding down in an orderly fashion, the Commission concluded that more information was needed on the compatibility of the aid for discontinuation of the commercial activities of MLB.
Latvija je 5. aprila 2012 predložila pripombe o sklepu o začetku postopka in pozneje dopolnila svoje stališče tako, da je do junija 2013 večkrat predložila informacije [21].
In particular, the Commission requested the Latvian authorities to provide precise milestones envisaged for the sale of activities as well as further information regarding the activities that could not be sold.
Na splošno Latvija meni, da so bila v zvezi z banko izpolnjena vsa merila glede združljivosti državne pomoči, saj (i) je bil komercialni segment likvidiran, (ii) preostali razvojni segment deluje v okviru strogo omejenega razpona produktov (pooblastil) in (iii) preostalim institucijam se bo preklicalo dovoljenje, zato ne bodo mogle konkurirati komercialnim bankam na področju finančnih sredstev.
As regards the economic activities that were to be continued, only two entities, namely Hipolizings and Hipo Fondi, were to be sold as standalone legal entities.
V zvezi z razvojnim segmentom banke je Latvija predložila obsežne informacije [22].
Nevertheless, in light of their limited market presence [20] and their timely sale by the bank, the Commission preliminarily concluded that the aid measures were adequate.
Kljub temu je Latvija pojasnila, da dokončni dogovor o vzpostavitvi enotne razvojne institucije, ki bi morala prevzeti razvojni segment banke, še ni bil dosežen.
Restoring long-term viability of economic activities of MLB group
Latvija je navedla, da naj bi bil skupni akcijski načrt o vzpostavitvi enotne razvojne institucije zadevnih ministrstev in zunanjega strokovnjaka pripravljen do 2. avgusta 2013, delo pa naj bi se nadaljevalo skozi celotno leto 2013.
In the opening decision, the Commission requested the Latvian authorities to provide additional information to ensure that entities that would remain on a stand-alone basis (Hipolizings and Hipo Fondi) would be viable after the sale.
Vendar končni datum vzpostavitve enotne razvojne institucije še vedno ni določen.
More specifically, the Commission wanted to know who would provide the infrastructures or funding they required in the place of MLB after the sale.
Zato je Latvija zaprosila, da se ocena državne pomoči za vzpostavitev enotne razvojne institucije obravnava v ločenem postopku in ne v okviru postopka o komercialnem segmentu banke.
Orderly wind down of unsold commercial activities
V zvezi z zaščitnimi ukrepi proti neupravičenemu izkrivljanju konkurence Latvija meni, da vzpostavljene ureditve preprečujejo neposredno konkurenco med komercialnim segmentom banke in drugimi komercialnimi bankami.
Although the sales strategy provides information about the conditions for an orderly winding down of commercial activities, the Commission raised doubts in the opening decision that sufficient safeguards had been put in place against undue distortion of competition.
Vloge, povezane s komercialnim segmentom banke, so bile sčasoma prodane kot del svežnjev 1 in 2, poslovne dejavnosti v zvezi s plačilnimi karticami in mreža bankomatov pa so bile ukinjene.
The Commission in particular invited the Latvian authorities to terminate the sales in a timely manner and to propose additional measures to ensure that the bank priced its commercial products in an unattractive fashion and capped advances on existing loans.
Družba HipoNIA, ki je od banke pridobila portfelj posojil, ne zagotavlja dodatnega financiranja svojim strankam.
COMMENTS FROM INTERESTED PARTIES
Zlasti zaradi stanja navedenih posojil (skoraj vsa so zapadla pred več kot 90 dnevi, prizadevanja za prestrukturiranje pa so že potekala) družba HipoNIA v skoraj vseh primerih zaseže premoženje.
COMMENTS ON THE OPENING DECISION BY LATVIA
V zvezi s komercialnim segmentom je Latvija predložila celoten časovni načrt za prodajo ali likvidacijo sredstev, določila ključne mejnike procesa ter Komisijo obvestila o napredku in dejanskih datumih pogodb o prodaji.
On 5 April 2012, Latvia submitted comments on the opening decision and later complemented its position through regular submissions of information until June 2013 [21].
Latvija je predložila dokumentacijo, da bodo vse bilančne pozicije, povezane s komercialnim segmentom, odpravljene do januarja 2014.
As regards MLB's development segment, Latvia submitted extensive information [22].
Latvija je izpostavila, da je skupni znesek pomoči, ki ga banka potrebuje za svoj komercialni del, nižji od predvidenega zneska (ki je bil začasno odobren v sklepu o začetku postopka).
Nonetheless, Latvia clarified that no definitive agreement had been reached as yet on the creation of the SDI, which is supposed to take over MLB's development segment.
Po navedbah Latvije noben ukrep pomoči neposredno ne koristi komercialnim dejavnostim, ki jih bosta po prodaji nadalje izvajali družbi Hipolizings in Hipo Fondi.
Latvia stated that a joint action plan on the establishment of the SDI by the Ministries concerned and the external expert was due on 2 August 2013, and that the work would continue throughout 2013.
Osnovna dejavnost banke je bila razdeljena v tri svežnje in prodana s prodajo sredstev.
However, the final date for SDI's creation is still unclear.
Nobeden od navedenih svežnjev ne pomeni podjetja v smislu člena 107(1) Pogodbe, zato Latvija meni, da se gospodarska dejavnost ne bo nadaljevala po prodaji, svežnjem pa državna pomoč, prejeta pred prodajo, ne bo koristila.
For that reason, Latvia requested that the State aid assessment of the creation of the SDI be treated in a separate procedure and not within the procedure on MLB's commercial segment.
Latvija meni, da lahko le prodaja svežnja 4 (Hipolizings) pomeni nadaljevanje gospodarske dejavnosti.
As regards safeguards against undue distortions of competition, Latvia believes that the arrangements put in place ensure that there is no direct competition between MLB's commercial segment and other commercial banks.
Vendar bo družba Hipolizings le zelo majhen del skupine, v katero spada kupec (manj kot 0,1 %) in […].
MLB stopped new lending activity as of November 2009.
Prodaja bo zagotovila dolgoročno uspešno poslovanje subjekta in ne bo ogrozila uspešnega poslovanja kupca.
On the deposit side, active management of the deposit base was originally needed to avoid additional State aid in the form of liquidity support until the completion of the sale.
Poleg tega tržni delež družbe Hipolizings znaša le 5 %.
Deposits related to MLB's commercial segment were eventually sold as a part of Bundles 1 and 2, while payment card operations and the automatic teller machine network have been dismantled.
Pomoč, dodeljena banki, ji je koristila le v omejeni meri in posredno, saj obstoječih pogodbenih dogovorov ni bilo treba nepričakovano prekiniti in kot druga podjetja v lasti banke je ni bilo treba prodati kot družbo, ki jo prodaja lastnik v težavah.
HipoNIA, which has acquired loan portfolios from MLB, does not provide additional financing to any of its clients.
Zaradi zelo omejenega zneska pomoči družbi Hipolizings Latvija meni, da ji po prodaji in popolni združitvi s svojim kupcem pomoč ne bo koristila.
In particular, given the state of those loans (almost all are overdue by more than 90 days and restructuring attempts had already been made) almost all cases result in HipoNIA repossessing the property.
V zvezi z družbo „poštni nabiralnik“ Hipo Fondi, ki je bila prodana zasebnemu vlagatelju, Latvija meni, da […].
As regards the commercial segment, Latvia submitted a full timetable for the sale or liquidation of assets, set out the key milestones of the process and informed the Commission of progress made and the actual dates of sales agreements.
V zvezi s prenosom sredstev banke družbi HipoNIA in njeno nadaljnjo prodajo se Latvija strinja s predhodnimi ugotovitvami Komisije iz sklepa o začetku postopka, da prenos ne vključuje pomoči.
Latvia submitted that all balance sheet positions related to the commercial segment will have been eliminated by January 2014.
V zvezi z dokapitalizacijo komercialnega segmenta leta 2012 je Latvija pojasnila, da je dokapitalizacija potekala v dveh delih, pri čemer je bil prvi del povezan s prodajo svežnjev 1, 2, 3, 5 in 6, drugi del pa s prodajo svežnja 4.
Latvia provided a detailed overview of the State aid amounts actually granted to MLB's commercial segment (namely, liquidity support to MLB of LVL 50 million, State guarantees of LVL 12,4 million, capital measures of LVL 95,2 million and liquidity support of LVL 71 million to HipoNIA).
Znesek kapitala je bil najmanjši možni znesek in izračunan, da se zagotovi regulativna kapitalska ustreznost komercialnega segmenta po izgubah zaradi prodaje.
Latvia underlined that the total aid needed by MLB for its commercial part is lower than originally assumed (and approved on a temporary basis in the opening decision).
V zvezi s „stand-by“ likvidnostnim posojilom, dodeljenim v okviru prestrukturiranja, je Latvija predložila dokumentacijo, da je bila podpora za komercialni segment začasna, da se zagotovi prodaja v skladu s predpisi.
According to Latvia, none of the aid measures directly benefits the commercial activities which will be continued by Hipolizings and Hipo Fondi after they have been sold.
Njen obseg in začasna narava sta po mnenju Latvije zmanjšala morebitna izkrivljanja konkurence na najmanjšo raven.
MLB's core business was split up into three bundles and sold in the form of an asset sale.
Latvija je poleg tega predložila poročila o spremljanju prestrukturiranja banke, vključno s prenehanjem neprodanih komercialnih dejavnosti v skladu s predpisi in naknadnim vrednotenjem likvidacije.
None of those bundles constitutes an undertaking within the meaning of Article 107(1) of the Treaty; hence Latvia considers that the economic activity is not continued after the sale, nor will the bundles benefit from the State aid received prior to the sale.
OCENA UKREPOV
Latvia takes the view that only the sale of Bundle 4 (Hipolizings) may constitute a continuation of economic activity.
Obstoj pomoči v smislu člena 107(1) Pogodbe
However, Hipolizings will form a very small part of the group to which its buyer belongs (less than 0,1 %) and […].
Kot določa člen 107(1) Pogodbe, je vsaka pomoč, ki jo dodeli država članica, ali kakršna koli vrsta pomoči iz državnih sredstev, ki izkrivlja ali bi lahko izkrivljala konkurenco z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga, nezdružljiva z notranjim trgom, kolikor prizadene trgovino med državami članicami, razen če Pogodba določa drugače.
The sale will ensure the entity's long-term viability and will not endanger the viability of the buyer.
Upravičenci do pomoči
Moreover, Hipolizings has only a very small market share of 5 %.
Kot je določeno v uvodni izjavi 145 sklepa o začetku postopka, je treba pri ocenjevanju ukrepov, da se ugotovi, ali so državna pomoč, razlikovati med sedanjimi in prihodnjimi razvojnimi bančnimi dejavnosti banke ter preostalimi komercialnimi dejavnostmi banke v prehodnem obdobju (obdobju postopnega opuščanja).
In addition, it only profited to a limited extent and indirectly from the aid granted to MLB: its existing contractual arrangements did not have to be terminated unexpectedly and, like the other companies owned by the bank, it did not have to be sold by a distressed owner.
Latvijski organi so predložili podatke, ki kažejo, kako so ukrepi koristili enemu ali drugemu segmentu.
Considering the very limited amount of aid for Hipolizings, Latvia believes that after the sale and full integration with its buyer Hipolizings will not benefit from aid.
Področje uporabe trenutnega sklepa zajema le ukrepe, dodeljene komercialnemu delu banke.
As regards the shell company Hipo Fondi sold to a private investor, Latvia undertakes that […].
Pogoji poslovanja razvojnega dela banke, ki naj bi ga nadalje izvajala še ne vzpostavljena razvojna institucija, se bodo ocenili v ločenem končnem sklepu.
Regarding the transfer of assets from MLB to HipoNIA and its subsequent sale, Latvia agrees with the Commission's preliminary findings, set out in the opening decision, that the transfer does not involve aid.
Zato se bodo v tem sklepu ocenili le ukrepi, ki jih je dodelila Latvija in koristijo komercialnemu delu banke, če so potrebni za prestrukturiranje komercialnega segmenta banke.