natgillin/translations-raw huggingface dataset:
Germany pointed out that according to Deutsche Bank any lender would take into account these circumstances when providing a loan to FFHG.
Nemčija, ki je priznala, da je bilo s poroštvom zavarovanih 100 % zneska posojila, namesto 80 % (kot se zahteva z obvestilom o poroštvih), je podarila, da je to treba pripisati dejstvu, da je zvezna dežela Porenje – Pfalška prevzela poroštva družbe Fraport, ki so prav tako zajemala 100 % zneska posojila.
According to Germany this means that even though the stand-alone rating of FFHG was [<BBB+], its adjusted rating (taking into account the specific ownership conditions) would be higher [24].
V zvezi s tem je navedla, da je zvezna dežela Porenje – Pfalška s prevzemom 100-odstotnega zavarovanja, ki je obstajalo prej, samo ohranila nespremenjeno stanje.
In this regard, Germany clarified further that Deutsche Bank has provided an indication for the applicable risk margin for two alternative financing structures — one based on the adjusted rating of FFHG (without collateral, that is to say, referring to a situation without an explicit state guarantee provided by the main shareholder of FFHG — the Land Rhineland-Palatinate), and one with a 100 % guarantee provided by the Land Rhineland-Palatinate.
Družba FFHG torej po mnenju Nemčije ni pridobila gospodarske prednosti.
Germany pointed out that the analysis of Deutsche Bank showed that in the first case (without collateral, based on the adjusted credit rating) the applicable risk margin for a 5-year loan would be between [1,3 % and 2,05 %] p.a.
Poleg tega je Nemčija trdila, da bi družba FFHG lahko ponudila druga zavarovanja (kot so zemljišče, stavbe in druga osnovna sredstva), ki niso bila potrebna, ker je imela zvezna dežela veliko večino delnic družbe FFHG.
According to Germany, in the second case (with a guarantee covering 100 % of the loans) the applicable risk margin would be between [0,25 % and 0,7 %] p.a.
Nemčija je torej trdila, da se pogoji posojila ne bi nujno spremenili, če zvezna dežela ne bi odobrila poroštva.
[25].
Nemčija je poleg tega poudarila, da družba FFHG plačuje tržno premijo za poroštvo.
To support the analyses conducted by Deutsche Bank, Germany also provided the 2010 rating prepared by Volksbank, which assigned FFHG a rating of […] according to its internal rating scale [26].
V podporo temu se je sklicevala na študijo Deutsche Bank, kot je navedena v uvodni izjavi 56.
Furthermore, Germany explained that in 2011 Kreisspaarkasse Birkenfeld assigned FFHG a rating of […] according to its rating scale [27].
V tem okviru je Nemčija pojasnila, da je Deutsche Bank določila, da bi bila premija za poroštvo med [0,5 in 1,5 %] [30].
Germany also provided ratings of FFHG established on the basis of Moody's credit-scoring model at the time the ISB loans were granted (see Table 8).
Nemčija je navedla, da je bila premija določena na [0,5 do 1,5 %], ker se je družba FFHG ob izdaji poroštva uspešno razvijala.
Table 8
Na podlagi tega je poudarila, da je treba za to poroštveno premijo šteti, da je v skladu s trgom, saj je v okviru meje, ki so jo določili strokovnjaki Deutsche Bank.
Overview of the credit ratings of FFHG at the time the ISB loans were granted
Skratka, Nemčija je poudarila, da družba FFHG ni pridobila gospodarske prednosti v smislu člena 107(1) Pogodbe niti prek združenih denarnih sredstev zvezne dežele niti prek posojil banke ISB ali z njimi povezanega poroštva.
Duration in years
Združljivost ukrepov z notranjim trgom
Stand-alone credit rating of FFHG
Ocena združljivosti pomoči za naložbe
Adjusted credit rating [28](Moody's rating scale)
Tudi če financiranje, odobreno družbi FFHG, pomeni pomoč, bi bila ta pomoč združljiva z notranjim trgom na podlagi člena 107(3)(c) Pogodbe, je trdila Nemčija.
[B2-Baa3]
Zlasti v zvezi s posojili banke ISB in z njimi povezanim poroštvom je trdila, da so se s posojili banke ISB refinancirale obstoječe posojilne pogodbe, ki so bile sklenjene zaradi financiranja infrastrukturnih ukrepov na letališču Frankfurt Hahn.
[B1-Baa2]
Prispevek k natančno opredeljenemu cilju skupnega interesa
Germany argued that FFHG is to be considered as an undertaking with a good rating because it has a high level of collateralisation (all assets of FFHG could be used as collateral) and a good equity-ratio of around 30 % despite the fact that FFHG has been loss-making and because Land Rhineland-Palatinate — as shareholder of FFHG — provided a guarantee for the loan.
Kar zadeva pogoj, da mora ukrep prispevati k natančno opredeljenemu cilju skupnega interesa, je Nemčija trdila, da je bil cilj financiranja letališke infrastrukture na letališču Frankfurt Hahn vedno izboljšati gospodarsko strukturo gospodarsko nerazvite in redko poseljene regije Hunsrück.
In addition, Germany stressed that FFHG and ISB negotiated the conditions of the loans and that those negotiations were not influenced by the Land Rhineland-Palatinate.
V zvezi s tem je navedla, prvič, da je bil cilj podpore družbi FFHG pomagati pri reševanju šibkega strukturnega gospodarstva regije Hunsrück.
Consequently, Germany was of the opinion that the ISB loans granted to FFHG were on market terms, and that, therefore, those loans do not constitute State aid.
Nemčija je trdila, da je letališče Frankfurt Hahn obkroženo s številnimi območji, ki se štejejo za regije, ki potrebujejo podporo, v okviru Gemeinschaftsaufgabe „Verbesserung der regionalen Wirtschaftsstruktur“ [31], naloge, ki je skupna zveznim in lokalnim vladam.
Market conformity of the guarantee granted by Land Rhineland-Palatinate
V zvezi s tem je navedla, da so štiri regije okoli letališča, tj. Landkreis Bernkastel-Wittlich, Birkenfeld, Cochem-Zell in Rhein-Hunsrück-Kreis, povprečno samo pol tako gosto poseljene kot preostali del zvezne dežele Porenje – Pfalška.
Germany stated that it is very common for holding companies to guarantee financial obligations of their subsidiary.
Poudarila je, da je za navedene regije, katerih gospodarstvo oblikujejo mala in srednja podjetja, zaposlovanje glavni branik, ki varuje pred nadaljnjim upadanjem regionalnega gospodarstva, ter da ima letališče Frankfurt Hahn pomembno vlogo kot delodajalec in stranka.
Moreover, Germany argued that the guarantee by Land Rhineland-Palatinate meets the requirements of the guarantee notice [29].
Drugič, Nemčija je trdila, da ima letališče Frankfurt Hahn pomembno vlogo pri strateškem razvoju receptivnega (približno 33 % potnikov, kar leta 2005 ustreza približno 1 milijonu potnikov) in emitivnega turizma (približno 67 % potnikov) za zvezno deželo Porenje – Pfalška.
Thus, in Germany's opinion, FFHG did not receive any economic advantage.
Po navedbah Nemčije se je število nočitev še povečalo, saj je zvezna dežela Porenje – Pfalška leta 2011 sprejela 8,2 milijona gostov, ki so ustvarili 21,5 milijona nočitev.
In addition to that, Germany submitted that FFHG could have offered other collaterals (such as land property, buildings and other fixed assets), which were not necessary because the Land held the vast majority of the shares of FFHG.
Nemčija je poudarila, da se je zlasti povečalo število gostov iz vzhodno- in južnoevropskih držav ter da je iz teh držav veliko letov na letališče Frankfurt Hahn.
Therefore, Germany asserted that the conditions of the loan would not necessarily have altered if the Land had not granted a guarantee.
Tako je bilo po navedbah Nemčije s turizmom v zvezni deželi Porenje – Pfalška ustvarjenih približno 198000 delovnih mest.
Furthermore, Germany pointed out that FFHG pays a market fee for the guarantee.
Posledični prihodki in učinki na zaposlovanje izvirajo predvsem iz receptivnega turizma, v katerem ima letališče Frankfurt Hahn osrednjo vlogo, saj za turiste pomeni vrata v regijo Hunsrück, pa tudi v zvezno deželo Porenje – Pfalška na splošno, kot je pojasnila Nemčija.
To support this, Germany referred to the Deutsche Bank study, as mentioned in recital 56.
Nemčija je navedla, da se je med letoma 1990 in 2001 število turistov v regiji Hunsrück povečalo za 70 %, v zvezni deželi Porenje – Pfalška pa za 35 %.
In this context, Germany clarified that Deutsche Bank determined that the guarantee fee would be between [0,5 % and 1,5 %] [30].
Po njenih navedbah se je v istem obdobju število tujih turistov v regiji Hunsrück povečalo za 163 %.
Germany stated that because FFHG was developing well when the guarantee was issued, the fee was set at [0,5 % to 1,5 %].
Ker 88 % turistov, ki v regijo prispejo prek letališča Frankfurt Hahn, ostane vsaj eno noč, več kot 80 % pa jih ostane celo od dva do deset dni, ti ustvarijo skupni promet v višini približno 133,7 milijona EUR na leto.
Against this background, Germany pointed out that, as this guarantee fee is within the margin determined by the Deutsche Bank expertise, it must be considered as being in line with the market.
Poleg tega je Nemčija trdila, da tudi emitivni turizem (67 %) na podlagi prihodkov iz neletalskih dejavnosti ustvarja dohodke za letališče Frankfurt Hahn.
In conclusion, Germany emphasised that FFHG did not receive an economic advantage within the meaning of Article 107(1) of the Treaty either through the cash-pool or through the ISB loans or through the underlying guarantee.
Tretjič, Nemčija je navedla, da je letališče Frankfurt Hahn ob upoštevanju vseh delov letaliških dejavnosti leta 2012 v regiji Hunsrück ustvarilo 3063 delovnih mest, od katerih jih je bilo 74 % zaposlitev s polnim delovnim časom.
Compatibility of the measures with the internal market
Po navedbah Nemčije 90 % navedenih zaposlenih tudi živi v regiji.
Assessment of compatibility of the investment aid
Nemčija je trdila, da letališče Frankfurt Hahn pomaga preprečevati preseljevanje mladih usposobljenih delavcev v druge regije ter gospodarsko in družbeno nazadovanje regionalnih skupnosti in njihove infrastrukture.
Germany submitted that, even if the financing provided to FFHG constitutes aid, that aid would be compatible with the internal market under the Article 107(3)(c) of the Treaty.
Poudarila je tudi, da letališče Frankfurt Hahn nima samo zgoraj navedenih neposrednih učinkov na trg dela, ampak ima tudi obsežne posredne, sekundarne in usmerjevalne učinke, ki izhajajo iz vse večjega števila gospodarskih in turističnih dejavnosti.
In particular with regard to the ISB loans and the underlying guarantee, Germany asserted that the ISB loans refinanced existing loan agreements which were concluded with the aim of financing infrastructure measures at Frankfurt Hahn airport.
V zvezi s tem se je Nemčija sklicevala na pozitivne sekundarne učinke za regijo, namreč manjšo brezposelnost in večje število davkoplačevalcev, zaradi česar imajo občine v regijah več denarja za podporo lokalnemu gospodarstvu.
In this regard, Germany submitted that the ISB loan No 1 refinanced a loan that was intended to finance the 2007 and 2008 investments into the equipment of Frankfurt Hahn airport, whereas the ISB loan No 2 was intended to refinance a loan financing investments conducted at the airport in 2002.
Letališče je na podlagi receptivnega turizma skupaj ustvarilo približno 11000 delovnih mest za celotno zvezno deželo Porenje – Pfalška.
According to Germany, the ISB loan No 3 also refinanced investments in the transformation of a cargo hangar into a passenger terminal and other infrastructure extension measures.
Nemčija je trdila, da je financiranje infrastrukture letališča Frankfurt Hahn prispevalo tudi k uresničitvi natančno opredeljenega cilja skupnega interesa, tj. boja proti preobremenjenosti letalskega prevoza na velikih vozliščih Unije.
Germany further submitted that the ISB loans Nos 4 and 5 also refinanced loans financing investments in 2004 to 2006.
V zvezi s tem je opozorila na dejstvo, da so bile zgornje meje zmogljivosti letališča Frankfurt na Majni nenehno presežene.
Thus, Germany argued that the loans do not constitute operating aid, but investment aid that complies with the compatibility conditions set out in the 2005 Aviation Guidelines.
Trdila je, da je torej letališče Frankfurt Hahn – zlasti glede na svoje dovoljenje za 24-urno obratovanje – zagotavljalo dodatne zmogljivosti za razbremenitev preobremenjenega letališča Frankfurt na Majni.
The following recitals contain the analysis of compliance with each of those conditions.
Nemčija je poleg tega trdila, da se s podporo letališču Frankfurt Hahn izpolnjuje tudi cilj skupnega interesa, ki je povečati mobilnost državljanov Unije.
Contribution to a well-defined objective of common interest
V zvezi s tem je poudarila, da je letališče Frankfurt Hahn edino nemško letališče, ki ponuja direktne lete v Kaunas (Latvija), Kerry (Irska), na Kos (Grčija), v Montpellier (Francija), Nador (Maroko), Plovdiv (Bolgarija), Pulj (Hrvaška), na Rodos (Grčija), v Santiago de Compostela (Španija) in Volos (Grčija).
As regards the condition that the measure must contribute to a well-defined objective of common interest, Germany submitted that the objective of the financing of airport infrastructure at Frankfurt Hahn airport was always to improve the economic structure of the economically underdeveloped and scarcely populated Hunsrück region.
Po mnenju Nemčije letališče Frankfurt Hahn prispeva tudi k poklicni mobilnosti mladih, ki sta jim regija Hunsrück in zvezna dežela Porenje – Pfalška dostopni po nizkih cenah.
In this regard, Germany stated that, firstly, the objective of supporting FFHG was to help overcome the weak structural economy of the Hunsrück region.
Podobno je poudarila, da so visokokakovostne univerze in visokošolske ustanove v Koblenzu, Mainzu, Kaiserslauternu, Trierju, Wiesbadnu, Mannheimu, Bonnu itd., na katerih večinoma ni šolnin, zdaj lahko dostopne študentom iz vse Unije.
Germany asserted that Frankfurt Hahn airport is surrounded by a number of areas considered as regions in need of support within the framework of Gemeinschaftsaufgabe ‘Verbesserung der regionalen Wirtschaftsstruktur’ [31], a task shared by the federal and local governments.
Nemčija je poleg tega trdila, da je v skupnem interesu tudi to, da so regija Hunsrück in okoliške regije zvezne dežele Porenje – Pfalška povezane z drugimi obrobnimi regijami, na primer regijo Limerick, kar se je že izkazalo na podlagi partnerstev med mesti.
In this regard, Germany submitted that the four regions around the airport, namely Landkreis Bernkastel-Wittlich, Birkenfeld, Cochem-Zell and Rhein-Hunsrück-Kreis, are on average only half as densely populated as the rest of Land Rhineland-Palatinate.
Nemčija je kot četrto največje nacionalno gospodarstvo na svetu navedla, da se osredotoča ne samo na povezavo z glavnimi evropskimi vozlišči, ampak tudi na medsebojno povezavo regij.
Germany pointed out that for those districts whose economy is shaped by small and medium-sized enterprises, employment is the main anchor against a further decrease of the regional economy and Frankfurt Hahn airport plays an important role as an employer and client.
Po mnenju Nemčije je večja neodvisnost od glavnih vozlišč, kot so Heathrow, Charles de Gaulle, Schiphol ali Frankfurt na Majni, pomembna za Unijo, saj bo to pomenilo ne samo več neposrednih povezav, ampak tudi večjo zanesljivost, zlasti za tovorni promet, saj je na regionalnih letališčih manj odpovedi zaradi vremena, stavk, terorizma ali tveganja odpovedi.
Secondly, Germany argued that Frankfurt Hahn airport plays an important role in the strategic development of incoming (~ 33 % of passengers corresponding to approximately 1 million passengers in 2005) and outgoing tourism (~ 67 % of passengers) for the Land Rhineland-Palatinate.
Nazadnje je Nemčija na splošno poudarila, da bližina letališča Zweibrücken ne pomeni podvajanja letališč za isto gravitacijsko območje, saj je od njega do letališča Frankfurt Hahn 127 km.
Germany stated that 88 % of the incoming passengers are staying several nights in the region.
Po navedbah Nemčije traja vožnja na taki razdalji 1 uro in 27 minut z avtomobilom ali približno 4 ure z vlakom.
Germany submitted that the Frankfurt Hahn airport's incoming tourists generated approximately 5,7 million overnight stays in 2005 [32].
Nemčija je torej trdila, da se ne bi noben razumen delavec, tovorni prevoznik ali turist, katerega kraj odhoda je v regiji Hunsrück, odpravil na letališče Zweibrücken namesto na letališče Frankfurt Hahn, da bi prišel na končno destinacijo.
According to Germany the number of overnight stays further increased, Land Rhineland-Palatinate welcomed 8,2 million guests in 2011, which generated 21,5 million overnight stays.
Poleg tega je trdila, da glede na potniški in tovorni zračni promet med letoma 2005 in 2012 ni mogoče sklepati o nikakršnem razmerju zamenljivosti med letališčema.
Germany pointed out that the number of guests from eastern and southern European countries, in particular, has increased and that a large number of flights are operated from those countries to Frankfurt Hahn.
Po navedbah Nemčije ima letališče Frankfurt Hahn glavni tržni delež v regiji Hunsrück-Mosel-Nahe (glej sliko 5).
This has resulted in about 198000 jobs being generated by tourism in Rhineland-Palatinate, according to Germany.
Slika 5
The catalysed income and employment effects stem especially from incoming tourism, in which Frankfurt Hahn airport plays a central role as the gateway for tourists into the Hunsrück region, but also into Rhineland-Palatinate more generally, as Germany explained.
Tržni deleži letališča Frankfurt Hahn v potniškem zračnem prometu leta 2013 [33]
Germany stated that between 1990 and 2001 the number of tourists has increased by 70 % for the Hunsrück region and by 35 % for Rhineland-Palatinate.
≽ 2 % do 5 %
According to Germany, during the same period, the number of tourists coming from abroad has increased by 163 % in the Hunsrück region.
≽ 5 % do 10 %
Since 88 % of incoming tourists from Frankfurt Hahn stay at least one night and more than 80 % of those even stay two to 10 days, they generate a total benefit of about EUR 133,7 million per year.
≽ 10 % do 20 %
Furthermore, Germany argued that outgoing tourism (67 %) also generates income for Frankfurt Hahn airport through non-aeronautical revenues.
Letališče
Thirdly, Germany stated that, taking into account all parts of the airport activities, Frankfurt Hahn airport created 3063 jobs in the Hunsrück region in 2012 out of which 74 % were full-time positions.
Letališče Frankfurt Hahn
According to Germany, 90 % of those employees also live in the region.
Tržni deleži leta 2013
Germany argued that Frankfurt Hahn airport helps to prevent the movement of young, qualified employees towards other regions as well as an economic and social decline of the regional communities and their infrastructure.
Infrastruktura je potrebna in sorazmerna z zadanim ciljem
Furthermore, Germany pointed out that the presence of Frankfurt Hahn airport not only produces the aforementioned direct effects for the labour market, but also has enormous indirect, induced and catalysing effects through an increasing number of economic and touristic activities.
Nemčija meni, da so financirane naložbe potrebne in sorazmerne s ciljem skupnega interesa (glej uvodno izjavo 68 in naslednje).
In this respect, Germany referred to positive secondary effects for the region, namely less unemployment and more tax payers, thereby providing more money for the municipalities in the regions to support the local economy.
Po njenih navedbah so bile naložbe izvedene v skladu s potrebami, zgrajena infrastruktura pa je bila potrebna, da je letališče lahko zagotavljalo povezljivost in razvoj regije ter razbremenilo letališče Frankfurt na Majni.
In total, the airport generated around 11000 jobs through incoming tourism for the whole Rhineland-Palatinate.
Nemčija je poudarila, da infrastruktura ni bila nesorazmerna ali preobsežna glede na potrebe uporabnikov letališča.
Germany argued that the financing of infrastructure at Frankfurt Hahn airport has also helped to achieve the well-defined objective of common interest to combat air traffic congestion at major Union hubs.
Zato je menila, da je bil ta pogoj za združljivost izpolnjen.
In this regard Germany pointed to the fact that the capacity limits of Frankfurt Main airport have been constantly exceeded.
Infrastruktura ponuja zadovoljive možnosti srednjeročne uporabe
Germany submitted that especially in the light of its 24-hour operating licence, Frankfurt Hahn airport was therefore serving to provide additional capacity in order to relieve the congestion at Frankfurt Main airport.
Nemčija je trdila, da je družba Fraport pred sprejetjem odločitve o razširitvi letališke infrastrukture naročila študije o napovedih prometa, da bi za letališče Frankfurt Hahn opredelila možnosti glede prometa.
Furthermore, Germany submitted that supporting Frankfurt Hahn airport also serves the objective of common interest of increasing the mobility of Union citizens.
Predložila je navedene študije, ki so jih v imenu družbe Fraport pripravili strokovnjaki za letalstvo.
In this regard, Germany pointed out that Frankfurt Hahn airport is the only German airport offering direct flights to Kaunas (Latvia), Kerry (Ireland), Kos (Greece), Montpellier (France), Nador (Morocco), Plovdiv (Bulgaria), Pula (Croatia), Rhodos (Greece), Santiago de Compostela (Spain) and Volos (Greece).
Na sliki 6 in sliki 8 so povzeti rezultati ene od navedenih študij v zvezi s pričakovanim razvojem potniškega in tovornega prometa na letališču Frankfurt Hahn med letoma 2000 in 2011.
Also, according to Germany, Frankfurt Hahn airport contributes to the job mobility of young people, who can reach the region Hunsrück and Rhineland-Palatinate region at low prices.
Slika 6
Similarly, Germany pointed out that the high-quality universities and institutions of higher education in Koblenz, Mainz, Kaiserslautern, Trier, Wiesbaden, Mannheim, Bonn, etc., where for the most part no tuition fees apply, are now easily accessible to students from all over the Union.
Skupni potencialni potniški promet na letališču Frankfurt Hahn v obdobju 2000–2010 Nizkocenovni
Germany argued, moreover, that it is also of common interest that the Hunsrück region and the surrounding regions of Rhineland-Palatinate are connected to other peripheral regions, for example Limerick, which has already manifested itself through city partnerships.
Potniki (v milijonih)
As the fourth biggest national economy in the world, Germany stated that it is focussing not only on connecting to the major European hubs, but also on connecting the regions with each other.
Vir: SH&E.
According to Germany, becoming more independent from the major hubs such as Heathrow, Charles de Gaulle, Schiphol or Frankfurt/Main, is important for the Union since it will mean not only more direct connections, but also more reliability especially for the freight business as regional airports are less prone to cancellations due to weather, strikes, terrorism or cancellation due to cancellation risks.
Vir: SH&E.
Lastly, Germany generally emphasised that the proximity Zweibrücken airport does not lead to a duplication of airports for the same catchment area, due to the distance of 127 km between Frankfurt Hahn airport and Zweibrücken airport.
Slika 7
According to Germany, this distance translates into a travelling time of 1 hour and 27 minutes by car or of around 4 hours by train.
Vir: SH&E.
Therefore, Germany argued that no reasonable worker, freight carrier or tourist whose point of departure lies in the Hunsrück region would go to Zweibrücken airport instead of Frankfurt Hahn airport in order to reach his final destination.
Parkirani zrakoplovi
Furthermore, Germany submitted that, looking at passenger and air freight traffic between 2005 and 2012, no relationship of substitution between the airports can be deduced.
Potniki (v milijonih)
According to Germany, the main market shares of Frankfurt Hahn airport comes from the Hunsrück-Mosel-Nahe region (see Figure 5).
Slika 8
Figure 5
Skupni potencialni tovorni promet na letališču Frankfurt Hahn v obdobju 2001–2010
Market shares in passenger air transport of Frankfurt Hahn airport in 2013 [33]
Preusmeritve zaradi prepovedi
≽10 % bis 20 %
(v tisočih)
Airport
Potencialni tovorni promet na letališču Frankfurt Hahn
Flughafen Frankfurt-Hahn
Enak in nediskriminacijski dostop do infrastrukture