natgillin/translations-raw huggingface dataset:
On the basis of the above, the Commission concludes that the investment aid granted to Frankfurt Hahn airport is compatible with the internal market pursuant to Article 107(3)(c) of the Treaty as it complies with the compatibility conditions laid down in point 61 of the 2005 Aviation Guidelines.
Sporočilo Komisije – Smernice o državni pomoči letališčem in letalskim prevoznikom (UL C 99, 4.4.2014, str. 3).
Compatibility of operating aid pursuant to the 2014 Aviation Guidelines
Uporaba členov 92 in 93 Pogodbe ES ter člena 61 Sporazuma EGP za državne pomoči v letalskem sektorju (UL C 350, 10.12.1994, str. 5).
Section 5.1 of the 2014 Aviation Guidelines sets out the criteria that the Commission will apply in assessing the compatibility of operating aid with the internal market pursuant to Article 107(3)(c) of the Treaty.
Smernice Skupnosti o financiranju letališč in zagonski državni pomoči letalskim družbam z odhodi z regionalnih letališč (UL C 312, 9.12.2005, str. 1).
According to point 172 of the 2014 Aviation Guidelines, the Commission will apply those criteria to all cases concerning operating aid, including pending notifications and unlawful non-notified aid cases.
UL C 113, 15.4.2014, str. 30.
According to point 137 of the 2014 Aviation Guidelines, unlawful operating aid granted before the date of the publication of the 2014 Aviation Guidelines — like the funds granted from the cash-pool insofar as they may have constituted operating aid (see recitals 185 and 186) — may be declared compatible with the internal market to the full extent of uncovered operating costs provided that the following cumulative conditions are met:
Zaupne informacije.
contribution to a well-defined objective of common interest: this condition is fulfilled, inter alia, if the aid increases the mobility of citizens of the Union and connectivity of the regions or facilitates regional development [88];
V nadaljevanju tega sklepa se izraz „družba Fraport“ uporablja za družbo „FAG“ pred spremembo poslovnega imena in družbo „Fraport AG“ po tem.
need for State intervention: the aid must be targeted towards situations where such aid can bring about a material improvement that the market itself cannot deliver [89];
V skladu s členom 7(3) pogodbe o nakupu bi se lahko ta številka znižala, če bi na primer stroški družbe FFHG za zaščito pred hrupom presegli določeno zgornjo mejo.
existence of incentive effect: this condition is fulfilled if it is likely that, in the absence of operating aid, and taking into account the possible presence of investment aid and the level of traffic, the level of economic activity of the airport concerned would be significantly reduced [90];
Zvezna deleža Hessen je imela 45,24 % delnic družbe Fraport, družba Stadtwerke Frankfurt am Main Holding GmbH (v 100-odstotni lasti občine Frankfurt na Majni) je imela 28,89 % delnic, Zvezna republika Nemčija pa 25,87 %.
proportionality of the aid amount (aid limited to the minimum necessary): in order to be proportionate, operating aid to airports must be limited to the minimum necessary for the aided activity to take place [91];
Ryanair je irska letalska družba in članica Evropskega združenja nizkocenovnih letalskih prevoznikov.
avoidance of undue negative effects on competition and trade [92].
Njena dejavnost je povezana s sekundarnimi, regionalnimi letališči.
According to Section 5.1.2(a) of the 2014 Aviation Guidelines, in order to give airports time to adjust to new market realities and to avoid any disruptions in the air traffic and connectivity of the regions, operating aid to airports will be considered to contribute to the achievement of an objective of common interest, if it: (i) increases the mobility of Union citizens and connectivity of regions by establishing access points for intra-Union flights; (ii) combats air traffic congestion at major Union hub airports; or (iii) facilitates regional development.
Trenutno leti na približno 160 evropskih destinacij.
In the light of the considerations in recitals 199 to 204, the Commission considers that the continued operation of Frankfurt-Hahn airport increased the mobility of Union citizens and connectivity of regions by establishing an access point for intra-Union flights in the Hunsrück region.
Ima homogeno floto, ki jo sestavljajo zrakoplovi Boeing 737-800 s 189 sedeži.
In addition, the continued operation of the airport facilitated the regional development of the Hunsrück region and the creation of new jobs.
Wizz Air je madžarska letalska družba in članica Evropskega združenja nizkocenovnih letalskih prevoznikov.
Moreover, the operation and development of Frankfurt Hahn airport also served to decongest Frankfurt Main airport.
Skupino Wizz Air sestavljajo tri operativne družbe, in sicer Wizz Air Hungary, Wizz Air Bulgaria in Wizz Air Ukraine.
The Commission therefore concludes that the measure at stake meets a clearly defined objective of common interest.
Poslovni model letalske družbe je povezan s sekundarnimi, regionalnimi letališči.
Need for State intervention
Trenutno leti na približno 150 evropskih destinacij.
According to Section 5.1.2(b) of the 2014 Aviation Guidelines, in order to assess whether State aid is effective in achieving an objective of common interest, it is necessary to identify the problem to be addressed.
Ima homogeno floto, ki jo sestavljajo zrakoplovi Airbus A 320 s 180 sedeži.
In this respect, any State aid to an airport must be targeted towards a situation where aid can bring about a material improvement that the market cannot deliver itself.
Sporočilo Komisije o spremembi metode določanja referenčnih obrestnih mer in diskontnih stopenj z dne 12. decembra 2007 (UL C 14, 19.1.2008, str. 6).
The Commission notes that Frankfurt Hahn airport is a regional airport with approximately 2,7 million passengers p.a.
KMV Riskcalc Germany 3.1; ta model se uporablja za oceno bonitetnih ocen družb, ki ne kotirajo na borzi, na podlagi njihovih finančnih podatkov.
It has high fixed operating costs and under present market conditions it is not able to cover its own operating costs.
Model agencije Moody's KMV RiskCalc Germany 3.1 izračuna pričakovano pogostost neplačil (ali verjetnost neplačila) podjetij, ki ne kotirajo na borzi, na podlagi podatkov iz računovodskih izkazov.
Therefore, there is a need for State intervention (see point 89 of the 2014 Aviation Guidelines).
Glede na pojasnila v uvodni izjavi 46 je bilo za bonitetne ocene predvideno kratkoročno trajanje posojil, zagotovljenih v okviru združenih denarnih sredstev.
Appropriateness of the aid measures
Ob upoštevanju lastniške strukture.
According to Section 5.1.2(c) of the 2014 Aviation Guidelines, any aid measure to an airport must be an appropriate policy instrument to address the objective of common interest.
To ustreza bonitetni oceni [BB+ do B–] na bonitetni lestvici agencije Standard & Poor's.
The Member State must, therefore, demonstrate that no other less distortive policy instruments or aid instruments could have allowed the same objective to be reached.
Ta bonitetna kategorija pomeni, da je posojilojemalec […].
According to Germany, the aid measures at stake are appropriate to address the intended objective of common interest that could not have been achieved by another less distortive policy instrument.
To ustreza bonitetni oceni [BBB – do B] na bonitetni lestvici agencije Standard & Poor's.
In this case the aid amount (the difference between the market rate for the funds provided by the cash-pool and the actual rate) stayed below the uncovered operating losses (see Table 4, Ebitda excluding the extraordinary revenue of the airport) actually incurred and was limited to the minimum necessary as it was granted only as a repayable loan and not as a direct grant.
Ta bonitetna kategorija pomeni, da je posojilojemalec […].
No other policy measure would allow the airport to continue its operation.
V zvezi s tem se je Nemčija sklicevala na zadevo C-30/59, De gezamenlijke Steenkolenmijnen in Limburg proti Visoki oblasti, Recueil 1961, 00003, str. 3, točka 43.
Hence, the compensation of losses is limited to the minimum and does not provide for any profits.
Deutsche Bank, „Margen-Indikation für geplante Refinanzierung bestehender Verschuldung“, 3. september 2009.
In view of recitals 244 and 245, the Commission considers that the measures at stake were appropriate to reach the desired objective of common interest.
Točka 3.2.1 Margen-Indikation für geplante Refinanzierung bestehender Verschuldung: „[…], gehen wir von einer Einstufung der Gesellschaft im […].“ Bonitetna kategorija [ < BBB+] vključuje vse ocene, ki so pod [BBB+] na bonitetni lestvici agencije Standard and Poor's.
Existence of incentive effect
Vendar Deutsche Bank za družbo FFHG ni navedla prilagojene bonitetne ocene.
According to Section 5.1.2(d) of the 2014 Aviation Guidelines, operating aid has an incentive effect if it is likely that, in the absence of operating aid, the level of economic activity of the airport would be significantly reduced.
Ta stopnja je izračunana tako: [5 do 25] bazičnih točk – dodatek za tveganje, plačan na petletne obveznice nemških zveznih dežel v evrih, [5 do 25] bazičnih točk – poleg zgornjega dodatka za tveganje zaradi posrednega tveganja zaradi družbe v lasti države, [5 do 25] bazičnih točk – za omejeno tržljivost dolga.
This assessment needs to take into account the presence of investment aid and the level of traffic at the airport.
Rating Ergebnis FFHG, ki jo je izvedla Volksbank Hunsrück-Nahe eG.
Without the aid the scale of the operations at Frankfurt Hahn airport would be severely impacted and reduced, leading eventually to the market exit of the airport due to uncovered operating losses.
Ta bonitetna ocena ustreza oceni [B do BB] na bonitetni lestvici agencije Standard and Poor's (glej Rating-Broschüre Finanzstandort Deutschland, 2010, str. 18).
In view of the above, the Commission considers that the aid measures at stake had an incentive effect.
Ta bonitetna ocena ustreza oceni [B – do BB–] na bonitetni lestvici agencije Standard and Poor's (glej Rating-Broschüre Finanzstandort Deutschland, 2010, str. 18).
According to Section 5.1.2(e) of the 2014 Aviation Guidelines, in order to be proportionate, operating aid to airports must be limited to the minimum necessary for the aided activity to take place.
Obvestilo Komisije o uporabi členov 87 in 88 Pogodbe ES za državno pomoč v obliki poroštev (UL C 155, 20.6.2008, str. 10).
In this case, the aid amount was limited to the extent of uncovered operating cost of capital, as it compensated only the costs actually incurred.
Deutsche Bank oceni dva alternativna scenarija financiranja družbe FFHG – scenarij brez zavarovanja in scenarij s 100-odstotnim državnim poroštvom.
Therefore, the Commission considers that the amount of the operating aid in this case was proportionate and limited to the minimum necessary for the aided activity to take place.
Meni, da bi bil v prvem primeru (brez zavarovanja) upoštevni dodatek za tveganje za petletno posojilo med [1,30 in 2,05 %] na leto.
According to Section 5.1.2(f) of the 2014 Aviation Guidelines, when assessing the compatibility of operating aid account will be taken of the distortions of competition and the effects on trade.
V drugem primeru (s poroštvom, ki krije 100 % terjatev) bi bil upoštevni dodatek za tveganje med [0,25 in 0,7 %] na leto.
Within the standard catchment area of Frankfurt Hahn airport (1 hour travelling time by car or 100 kilometres distance) there are no commercially exploited airports.
Razlika v dodatkih med obema primeroma naj bi nakazovala ceno poroštva.
Even if this standard catchment area was to be further extended to other airports in the proximity of Frankfurt Hahn airport, as demonstrated in recitals 224 and 228, there are no undue negative effects on competition between the airports located in the proximity of Frankfurt Hahn airport (that is Frankfurt Main, Luxembourg and Saarbrücken airports).
Flughafen Frankfurt Hahn – Regionaloekonomische Effekte, ZFL Studie, 03/2007.
In view of the above, the Commission considers that any undue negative effects on competition and trade between Member States due to the operating aid granted in favour of FFHG are limited to the minimum.
Dopis Nemčije iz septembra 2014.
In light of the considerations in recitals 238 to 255, the Commission concludes that the measures are compatible with the internal market on the basis of Article 107(3)(c) of the Treaty.
Smernice Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah (UL C 244, 1.10.2004, str. 2).
CONCLUSION
Zadeva C-35/96, Komisija proti Italiji, Recueil 1998, str.
In the light of the considerations in recitals 99 to 124, the Commission considers that the credit line provided by the cash-pool to FFGH by Land Rhineland-Palatinate constitutes State aid within the meaning of Article 107(1) of the Treaty.
I-3851; zadeva C-41/90, Höfner in Elser, Recueil 1991, str.
In the light of the considerations in recitals 140 to 169, the Commission concludes that ISB loans numbers 1, 3 and 4 were granted at rates that can be deemed in line with market conditions.
I-1979; zadeva C-244/94, Fédération Française des Sociétés d'Assurances proti Ministère de l'Agriculture et de la Pêche, Recueil 1995, str.
Hence, given that the cumulative criteria in Article 107(1) of the Treaty are not fulfilled, the Commission considers that these loans do not constitute State aid within the meaning of Article 107(1) of the Treaty.
I-4013; zadeva C-55/96, Job Centre, Recueil 1997, str.
In light of the considerations in recitals 140 to 169 above, the Commission concludes that ISB loans numbers 2 and 5 were granted below the benchmark rate.
I-7119.
Since the other criteria pursuant in Article 107(1) of the Treaty are also fulfilled, those loans constitute State aid.
Zadeva 118/85, Komisija proti Italiji, Recueil 1987, str. 2599; zadeva 35/96, Komisija proti Italiji, Recueil 1998, str.
As the credit line and the funds provided by the cash-pool, the 100 % state guarantee and ISB loans numbers 2 and 5 have already been put at the disposal of FFHG, the Commission considers that Germany has not respected the prohibition of Article 108(3) of the Treaty.
I-3851.
In the light of the considerations in recitals 199 to 232, the Commission concludes that the investment aid granted to Frankfurt Hahn airport is compatible with the internal market pursuant to Article 107(3)(c) of the Treaty as it complies with the compatibility conditions laid down in point 61 of the 2005 Aviation Guidelines.
Sodba Leipzig/Halle, zlasti točki 93 in 94; potrjena z zadevo C-288/11 P, Mitteldeutsche Flughafen in Flughafen Leipzig-Halle proti Komisiji, ZOdl.
In the light of the considerations in recitals 238 to 255, the Commission concludes that the funds provided by the cash-pool at privileged terms comply with the compatibility conditions for operating aid laid down in point 137 of the 2014 Aviation Guidelines and are compatible with the internal market on the basis of Article 107(3)(c) of the Treaty.
2012, ECLI:EU:C:2012:821; glej tudi zadevo T-128/89, Aéroports de Paris proti Komisiji, Recueil 2000, str.
The Commission notes that Germany accepts the adoption of the decision in the English language,
II-3929, potrjeno z zadevo C-82/01P, Aéroports de Paris proti Komisiji, Recueil 2002, str.
HAS ADOPTED THIS DECISION:
I-9297, in zadevo T-196/04, Ryanair proti Komisiji (v nadaljnjem besedilu: sodba Charleroi), ZOdl.
Article 1
2008, str.
The State aid, unlawfully put into effect by Germany in breach of Article 108(3) of the Treaty in favour of Flughafen Frankfurt Hahn GmbH between 2009 and 2012 by means of the grant of a 100 % guarantee on loans provided by Investitions- und Strukturbank of Rhineland-Palatinate, loans provided by Investitions- und Strukturbank of Rhineland-Palatinate on 31 August 2009 amounting to EUR 20,0 million and on 30 September 2009 amounting to EUR 6,8 million as well as allowing Flughafen Frankfurt Hahn GmbH to participate in Land Rhineland-Pfalz's cash-pool and draw loans up to EUR 45 million at privileged terms from that cash-pool, is compatible with the internal market.
II-3643.
Article 2
Zadevi C-159/91 in C-160/91, Poucet proti AGV in Pistre proti Cancave, Recueil 1993, str.
The loans granted by Investitions- und Strukturbank of Rhineland-Palatinate to Flughafen Frankfurt Hahn GmbH between 15 July 2007 and 30 September 2009 amounting to a total of EUR 46,8 million do not constitute State aid within the meaning of Article 107(1) of the Treaty.
I-637.
Article 3
Sodba Leipzig/Halle, točki 42 in 43.
This Decision is addressed to the Federal Republic of Germany.
Zadeva C-482/99, Francija proti Komisiji (Stardust Marine), Recueil 2002, str.
Done at Brussels, 1 October 2014.
I-4397.
For the Commission
Združeni zadevi T-267/08 in T-279/08, Nord-Pas-de-Calais, ZOdl.
Vice-President
2011, str.
With effect from 1 December 2009, Articles 87 and 88 of the EC Treaty have become Articles 107 and 108, respectively, of the Treaty on the Functioning of the European Union (‘Treaty’).
II-01999, točka 108.
The Treaty also introduced certain changes in terminology, such as the replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’.
Zadeva C-39/94, Syndicat français de l'Express international (SFEI) in drugi proti La Poste in drugim, Recueil 1996, str.
The terminology of the Treaty will be used throughout this Decision.
I-3547, točka 60, in zadeva C-342/96, Kraljevina Španija proti Komisiji Evropskih skupnosti, Recueil 1999, str.
OJ C 216, 21.7.2012, p. 1.
I-2459, točka 41.
Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 108 of the treaty on the functioning of the European Union (OJ L 83, 27.3.1999, p. 1).
Zadeva 173/73, Italijanska republika proti Komisiji Evropskih skupnosti, Recueil 1974, str. 709, točka 13.
See footnote 2.
Zadeva C-482/99, Francija proti Komisiji (Stardust Marine), Recueil 2002, str.
Communication from the Commission — Guidelines on State aid to airports and airlines (OJ C 99, 4.4.2014, p. 3).
I-4397, točka 69.
Application of Article 92 and 93 of the EC Treaty and Article 61 of the EEA Agreement to State Aids in the Aviation Sector (OJ C 350, 10.12.1994, p. 5).
Po navedbah Nemčije je obrestna mera približno ustrezala evropski medbančni obrestni meri za depozite čez noč (European OverNight Index Average).
Community guidelines on financing of airports and start-up aid to airlines departing from regional airports (OJ C 312, 9.12.2005, p. 1).
Celotno bonitetno poročilo za zvezno deželo Porenje – Pfalška (vključno s preteklimi bonitetnimi ocenami zvezne dežele od leta 1999), ki ga je pripravila bonitetna agencija Fitch, julij 2014, na voljo na naslovu: http://www.fm.rlp.de/fileadmin/fm/downloads/finanzen/kapitalmarkt/FRR_RP_22_07_2014.pdf, kaže, da je bila zvezna dežela na bonitetni lestvici vedno ocenjena z AAA.
OJ C 113, 15.4.2014, p. 30.
Zvezna dežela nosi tveganje neizpolnitve obveznosti s strani družbe FFHG, ne da bi v zameno za to dobila nadomestilo.
Confidential information
Zadeva T-214/95, Het Vlaamse Gewest proti Komisiji, Recueil 1998, str.
Hereafter in this Decision the term ‘Fraport’ is used to mean both ‘FAG’ prior to the change of the business name and ‘Fraport AG’ thereafter.
II-717.
Pursuant to Section 7(3) of the purchase agreement this figure could be reduced, such as in case the costs of FFHG for noise protection would exceed a certain ceiling.
lej oddelek 2.1.
Land Hesse held 45,24 % of Fraport's shares, Stadtwerke Frankfurt am Main Holding GmbH (owned for 100 % by the municipality Frankfurt am Main) held 28,89 % and the Federal Republic of Germany held 25,87 %.
Tako je letališče Leipzig/Halle konkuriralo letališču Vatry (Francija) za ustanovitev evropskega vozlišča družbe DHL.
Ryanair is an Irish airline and Member of the European Low Fares Airlines Association.
Glej sodbo Leipzig/Halle, točka 93.
The business of the airline is linked with secondary, regional airports.
Odgovor letališča Liège na javno posvetovanje o smernicah za letalski sektor iz leta 2014.
The airline operates currently approximately 160 European destinations.
Glej opombo 33.
Ryanair has a homogenous fleet consisting of Boeing 737-800 aircraft with 189 seats.
Glaj opombo 34.
Wizz Air is a Hungarian airline and Member of the European Low Fares Airlines Association.
[1,3 % – 0,7 % = 0,6 % in 2,05 % – 0,25 % = 1,8 %].
Wizz Air group consists of three operating companies, namely Wizz Air Hungary, Wizz Air Bulgaria and Wizz Air Ukraine.
Izguba ob neplačilu (LGD) med 30 in 60 %.
The business model of the airline is linked with secondary, regional airports.
Glej na primer Oxera, Estimating the cost of capital for Dutch water companies (Ocena stroškov kapitala za nizozemska vodnogospodarska podjetja), 2011 (str. 3).
The airline operates currently approximately 150 European destinations.
Glej tudi podatke Bloomberg o prevzemu pristojbin za izdajanje obveznic.
Wizz Air has a homogenous fleet, which consists of Airbus A 320 aircraft with 180 seats.
Sporočilo Komisije državam članicam: uporaba členov 92 in 93 Pogodbe EGS in člena 5 Direktive Komisije 80/723/EGS za javna podjetja v proizvodnem sektorju (UL C 307, 13.11.1993, str. 3, točka 11).
Communication from the Commission on the revision of the method for setting the reference and discount rates of 12 December 2007 (OJ C 14, 19.1.2008, p. 6).
V tem sporočilu se konkretno obravnava proizvodna industrija vendar se lahko načeloma uporablja tudi za druge gospodarske panoge.
KMV RiskCalc Germany 3.1; this model is used for estimating the credit rating of non-traded companies based on their financial data.
Glej tudi zadevo T-16/96, Cityflyer, Recueil 1998, str.
Moody's KMV RiskCalc Germany 3.1 calculates expected default frequency (or probability of default) of undertakings not traded on the stock exchange on the basis of financial statements data.
II-757, točka 51.
In the light of the explanations in recital 46, a short-term duration of the loans provided under the cash-pool was assumed for the credit ratings.
Sklep Komisije 2013/693/EU z dne 3. oktobra 2012 o ukrepu SA.23600 – C 38/08 (ex NN 53/07) – Nemčija – Sheme financiranja za terminal 2 münchenskega letališča (UL L 319, 29.11.2013, str. 8); in Sklep Komisije (EU) 2015/1469 z dne 23. julija 2014 o državni pomoči SA.30743 (2012/C) (ex N 138/10) – Nemčija – Financiranje infrastrukturnih projektov na letališču Leipzig/Halle (2) (UL L 232, 4.9.2015, str.
Taking into account the ownership structure.
1).
This corresponds to a rating of [BB+ to B-] on the Standard & Poor's rating scale.
Cena zamenjave obrestnih mer je dolgoročnejši ekvivalent medbančne obrestne mere Inter-Bank Offered Rate (IBOR).
This rating category means the borrower is […].
Uporablja se na finančnih trgih kot referenčna obrestna mera za določanje stopnje financiranja.
This corresponds to a rating of [BBB- to B] on the Standard & Poor's rating scale.
Zamenjava kreditnega tveganja je (tržna) pogodba o kreditnem izvedenem finančnem instrumentu, sklenjena med dvema nasprotnima strankama, kupcem zavarovanja in prodajalcem zavarovanja, na podlagi katere se kreditno tveganje osnovnega referenčnega subjekta prenese s kupca zavarovanja na prodajalca zavarovanja.
This rating category means that the borrower is […].
V posameznem obdobju kupec zavarovanja prodajalcu zavarovanja plača premijo, dokler pogodba o zamenjavi kreditnega tveganja ne dospe ali dokler se na strani osnovnega referenčnega subjekta ne zgodi predhodno določen kreditni dogodek (kar je prej).
In this respect Germany referred to case C-30/59 De gezamenlijke Steenkolenmijnen in Limburg v High Authority [1961] ECR 00003, p. 3, 43.
Premija, ki jo v posameznem obdobju plača kupec zavarovanja (izražena kot odstotek ali bazične točke zavarovanega zneska, „osnovni znesek“), se imenuje razmik zamenjave kreditnega tveganja.
Deutsche Bank, Margen-Indikation für geplante Refinanzierung bestehender Verschuldung, 3 September 2009.
Razmiki zamenjave kreditnega tveganja se lahko uporabljajo kot podoben približek za ceno kreditnega tveganja.
Point 3.2.1 of the Margen-Indikation für geplante Refinanzierung bestehender Verschuldung: ‘…, gehen wir von einer Einstufung der Gesellschaft im […].’
Glej opombo 54.