natgillin/translations-raw huggingface dataset:
No further budgetary commitments have been made by the Commission since the end of the commitment period, i.e. 31 December 2013.
Trenutno je prispevek za kapitalski instrument IPE predviden za širokopasovno povezavo (100 milijonov EUR), in sicer za ustanovitev sklada za naložbe v širokopasovne povezave.
The leverage effect [63] on GIF is expected to be 5 which means that the impact of the aggregate budgetary commitments on the overall economy is expected to reach EUR 3028,5 million of lending to beneficiary SMEs.
Sklad se bo izvajal v okviru kapitalskega instrumenta IPE z vzpostavitvijo namenskega naložbenega nosilca, da se omogoči združevanje prispevkov več vlagateljev (neposredno upravljanje).
Article 02 02 02 — Improving access to finance for small and medium-sized enterprises (SMEs) in the form of equity and debt.
Sklad bo upravljal upravitelj sklada, ki bo izbran s konkurenčnim izbirnim postopkom.
The Equity Facility for Growth (EFG) focuses on funds that provide venture capital and mezzanine finance, such as subordinated and participating loans, to expansion and growth-stage enterprises, in particular those operating across borders, while having the possibility to make investments in early stage enterprises in conjunction with the Equity Facility for Research and Innovation (R&I) under Horizon 2020.
Naložbeni upravitelj bo profesionalni upravljavec sredstev z bogatimi izkušnjami na področju infrastrukture, zlasti naložb v širokopasovna omrežja v Evropi.
In the latter case, the investment from EFG shall not exceed 20 % of the total Union investment except in cases of multi-stage funds, where funding from EFG and the Equity Facility for R&I will be provided on a pro rata basis, based on the funds’ investment policy.
Za uskladitev interesov bo naložbeni upravitelj tudi vlagal v sklad.
The Commission may decide to amend the 20 % threshold in light of changing market conditions.
Uporaba kapitalskega instrumenta v poznejših letih izvajanja IPE bo možna v prometnem sektorju, za bolj tvegane projekte ali projekte na nezrelih trgih.
The EFG may include seed funding, angel funding and quasi-equity financing subject to market demand but exclude asset-stripping.
V energetskem sektorju se bo kapitalski instrument lahko uporabil za posredovanje v ustrezno utemeljenih primerih, da bi se preprečile večje zamude pri gradbenih projektih skupnega interesa.
Support is given in the form of direct investments made by the entrusted entity in financial intermediaries that provide equity or quasi-equity financing to SMEs.
Sklad za naložbe v širokopasovne povezave v okviru kapitalskega instrumenta IPE je v pripravljalni fazi.
The overall policy objective is to provide enhanced access to risk capital for which significant market gaps exist in Europe and to support the development of a pan-European risk capital market.
Obseg predvidenih dejavnosti bo odvisen od izida pogajanj z vlagatelji, zlasti od sposobnosti sklada, da privabi zasebni kapital.
The latter will be achieved by focusing predominantly on those risk capital funds which invest cross-border.
Jamstveni instrumenti
The implementation of the EFG has been entrusted to the European Investment Fund (EIF) on the basis of a delegation agreement signed on 22 July 2014.
Člen 01 04 51 – Zaključek programov na področju malih in srednjih podjetij (MSP) (pred letom 2014) (v nomenklaturi proračuna za leto 2015) [65].
The delegation agreement ensures that the EFG is accessible for a broad range of financial intermediaries provided that these are professionally and independently managed and display the capacity to successfully support SMEs in their growth and expansion phase.
Jamstvena shema za MSP (SMEG 07) je eden [66] od finančnih instrumentov, ki so predvideni v okviru programa za podjetništvo in inovativnost (EIP), ki je tudi eden od treh posebnih programov v okviru okvirnega programa za konkurenčnost in inovacije (CIP) [67].Splošni cilj finančnih instrumentov v okviru CIP je izboljšanje dostopa do financiranja za novo ustanovitev/vstop na trg ter rast malih in srednjih podjetij (MSP), da bi podprli njihovo vlaganje v inovacijske dejavnosti, vključno z ekoinovacijami.
From a technical point of view, the EIF is instructed to invest on a pari passu basis with other private and public investors.
SMEG 07 v imenu Komisije upravlja Evropski investicijski sklad.
Target final recipients are SMEs of all sizes without a specific sector focus.
Zagotavlja zavarovanje jamstev ali sojamčenje za jamstvene sheme, in neposredna jamstva za finančne posrednike, ki delujejo v državah upravičenkah.
The duration of the equity instrument is planned to last until 31 December 2034 (until the last operations are wound down).
Na splošno so se tržno usmerjeni instrumenti (tako SMEG 07 kot GIF) izkazali za zelo učinkovite in smotrne pri obvladovanju trenutnih tržnih razmer, kjer sta v zadnjih letih prevladovala zaostritev pogojev kreditiranja in težji dostop do financiranja za MSP.
Regulation (EU) No 1287/2013 provides that no less than 60 % of the total financial envelope for the implementation of the COSME programme shall be allocated to the financial instruments.
SMEG 07 je proticiklični instrument, ki je pomagal končnim prejemnikom pri premagovanju težav zaradi gospodarskih razmer od začetka krize, zlasti pri pridobivanju ali ohranjanju dostopa do financiranja ter ustvarjanju ali ohranjanju delovnih mest v tem obdobju.
Based on the distribution of the total amount allocated to the financial instruments between the equity instrument (48 %) and the debt instrument (52 %) as foreseen in the legislative financial statement, the initial overall budget envelope foreseen for the EFG for the total 2014-2020 programming period amounts to EUR 662 million.
Kar zadeva trajanje, se je obdobje obveznosti za SMEG 07 končalo 31. decembra 2013, vendar bo instrument obstajal do njegove likvidacije po letu 2026.
The estimated initial budget allocation foreseen for the total programming period amounts to EUR 662 [64] million.
Skupne proračunske obveznosti za finančne instrumente CIP za celotno obdobje 2007–2013 so bile predvidene v višini 1,13 milijarde EUR, prvotno pa so bile okvirno razdeljene na 620 milijonov EUR za GIF in 510 milijonov EUR za SMEG 07.
The target leverage effect as indicated in the legal basis is between 4 and 6, with EUR 1 from the Union budget resulting in EUR 4-6 in equity investments over the lifetime of the financial instrument.
Skupne proračunske obveznosti SMEG 07 za obdobje 2007–2013 so znašale 637,8 milijona EUR.
Based on the target leverage of the instrument, it is estimated that the total investment volumes mobilised would range from EUR 2,6 to 3,9 billion for the entire duration of the programme.
Učinek finančnega vzvoda [68] na SMEG07 po ocenah trenutno znaša približno 35,8 za celotno trajanje programa, kar pomeni, da bo učinek skupnih proračunskih obveznosti na celotno gospodarstvo po pričakovanjih dosegel okoli 22,8 milijarde EUR posojil upravičenim MSP.
81).
Odločba Sveta 2006/971/ES z dne 19. decembra 2006 o posebnem programu Sodelovanje za izvajanje Sedmega okvirnega programa Evropske skupnosti za raziskave, tehnološki razvoj in predstavitvene dejavnosti (2007–2013) (UL L 400, 30.12.2006, str.
Regulation (EU) No 1291/2013 of the European Parliament and of the Council of 11 December 2013 establishing Horizon 2020 — the Framework Programme for Research and Innovation (2014-2020) and repealing Decision No 1982/2006/EC (OJ L 347, 20.12.2013, p.
86).
104)
Člen 08 02 51 (delno) – Zaključek prejšnjega sedmega okvirnega programa za raziskave – Sedmi okvirni program – Posredni ukrep ES (2007–2013).
Item 08 02 02 02 — Enhancing access to risk finance for investing in research and innovation.
V obdobju 2007–2013 so bile iz splošnega proračuna Unije prevzete obveznosti v skupnem znesku v višini 1230,73 milijona EUR (prvotni proračun Sedmega okvirnega programa skupaj z dodatnimi odobritvami Efte in tretjih držav za Sedmi okvirni program) in plačane Evropski investicijski banki (EIB) za podporo Skladu za financiranje na osnovi delitve tveganja (RSFF) in instrumentu delitve tveganja (RSI).
General description of the financial instruments, including their duration and their impact on budget
Unija prek proračunskih sredstev Sedmega okvirnega programa in EIB sta rezervirali skupni znesek do 2 milijard EUR (vsaka do 1 milijarde EUR) za obdobje 2007–2013, in sicer za kritje izgub, če posojila RSFF ne bi bila povrnjena.
A Union-level Equity Facility for Research and Innovation (‘R&I’) is needed to help improve the availability of equity finance for early and growth-stage investments and to boost the development of the Union venture capital market.
Na podlagi teh prispevkov EU/EIB za delitev tveganj in kritje izgub lahko EIB razširi obseg posojil v višini 10 milijard EUR na podjetja in raziskovalne skupnosti za njihove naložbe v raziskave in razvoj ter inovacije.
The goal is to contribute to overcoming the deficiencies of the European venture capital market and provide equity and quasi-equity to cover the development and financing needs of innovative enterprises from the seed stage through to growth and expansion.
Na začetku leta 2012 je bil uveden nov pilotni jamstveni instrument RSI (instrument delitve tveganja za MSP in mala podjetja s srednjo kapitalizacijo z do 499 zaposlenimi), da bi se izboljšal dostop do posojil za naložbe v raziskave, razvoj in inovacije.
The Equity Facility for R&I focuses on early-stage risk capital funds providing venture capital and quasi-equity (including mezzanine capital) to individual portfolio enterprises.
Jamstveni instrument RSI je del izvajanja RSFF, izvaja pa ga Evropski investicijski sklad.
That facility has also the possibility to make expansion and growth-stage investments in conjunction with the Equity Facility for Growth (EFG) under the Programme for the Competitiveness of Enterprises and SMEs (COSME), to ensure a continued support during the start-up and development of companies.
Za ta pilotni jamstveni instrument RSI so odobritve iz splošnega proračuna Unije iz Sedmega okvirnega programa (skupaj z dodatnimi odobritvami Efte in tretjih držav za Sedmi okvirni program) za obdobje 2012–2013 znašale 270 milijonov EUR (poleg zgoraj navedenega zneska).
In the latter case, the investment from the Equity Facility for R&I of Horizon 2020 shall not exceed 20 % of the total Union investment except in cases of multi-stage funds, where funding from EFG and the Equity Facility for R&I will be provided on a pro rata basis, based on the funds’ investment policy.
V obdobju 2007–2013 je bila v breme splošnega proračuna Unije prevzeta obveznost za znesek v višini 270 milijonov EUR (prvotni proračun Sedmega okvirnega programa skupaj z dodatnimi odobritvami Efte in tretjih držav za Sedmi okvirni program), ki je bil nato plačan EIB za podporo pilotni shemi RSI.
Like the EFG, the Equity Facility for R&I shall avoid buy-out or replacement capital intended for the dismantling of an acquired enterprise.
Datum zapadlosti (trajanje) programa naj bi bil po pričakovanjih v obdobju 2020–2022.
In terms of Union added value, the Equity Facility for R&I will complement national schemes that cannot cater for cross-border investments in R&I.
Dodeljena proračunska sredstva za celotno programsko obdobje za RSI po ocenah znašajo 270 milijonov EUR.
The early-stage deals will also have a demonstration effect that can benefit public and private investors across Europe.
Ciljni učinek finančnega vzvoda, kot je naveden v pravni podlagi/predhodni oceni, je 8 v celotnem času trajanja finančnega instrumenta RSI.
For the growth phase only at European level it is possible to achieve the necessary scale and the strong participation of private investors that are essential to the functioning of a self-sustaining venture capital market.
Na podlagi ciljnega finančnega vzvoda instrumenta RSI je bilo ocenjeno, da bi skupni znesek mobiliziranega obsega naložb znašal okoli 2160 milijonov EUR, dejansko pa je dosegel 3100 milijonov EUR za celotno trajanje programa.
The implementation of the direct investments under this facility is entrusted to the European Investment Fund (EIF) in Luxembourg.
Evropski mikrofinančni jamstveni instrument (EPMF-G) – Pred letom 2014
The delegation agreement (amendment to the delegation agreement for the early-stage equity facility under Horizon 2020 signed on 15 June 2015) with the entrusted entity ensures that the early-stage equity facility under Horizon 2020 is accessible for a broad range of financial intermediaries provided that these are professionally and independently managed and display the capacity to successfully support portfolio companies in their early-stage development and growth.
Sklep št. 283/2010/EU Evropskega parlamenta in Sveta z dne 25. marca 2010 o ustanovitvi Evropskega mikrofinančnega instrumenta Progress za zaposlovanje in socialno vključenost (UL L 87, 7.4.2010, str.
Through an amendment to the Delegation Agreement signed on 22 July 2015 a new compartment focusing on Business Angels and the ICT sector has been implemented.
1).
From a technical point of view, the entrusted entity will be instructed to invest on a pari passu basis with other private and public investors.
Člen 04 03 53 (delno) – Zaključek drugih dejavnosti (v nomenklaturi proračuna za leto 2015).
The target final recipients are early-stage companies (notably SMEs or small midcaps) without a specific sector focus.
Cilj Evropskega mikrofinančnega instrumenta Progress (instrument) je dvojen.
The duration of the equity instrument will not exceed the year 2035 (until last operations are wound down).
Po eni strani povečuje razpoložljivost mikrofinanciranja za osebe, ki želijo ustanoviti ali razviti svoja mikropodjetja, zlasti za samozaposlene, saj omogoča ponudnikom mikrofinaciranja v Uniji, da razširijo obseg posojil tem posameznikom.
The estimated budget allocation foreseen for the total programming period amounts to EUR 460 million.
Po drugi strani instrument spodbuja dostop do mikrofinanciranja z zmanjšanjem tveganja ponudnikov mikrofinaciranja.
The envisaged leverage effect of the Equity Facility for Research and Innovation of Horizon 2020 will be approximately 4-6 depending on the type of investments and the form of cooperation with venture capital funds and/ or knowledge transfer investors.
Ta značilnost omogoča ponudnikom mikrofinanciranja, da vključijo skupine, ki običajno ne bi mogle biti zajete, npr. ker osebe iz teh skupin ne bi mogle zagotoviti zadostnega zavarovanja s premoženjem ali ker bi morale biti obrestne mere zelo visoke, da bi upravičile njihov dejanski profil tveganja.
Based on the leverage targets of the programme, it is estimated that the total amount of venture capital investments mobilised would range from EUR 1840 million to EUR 2760 million for the entire duration of the programme.
Instrument bo zagotovil vire Unije za večjo dostopnost in razpoložljivost mikrofinanciranja za:
Connecting Europe Facility (CEF) Equity Instrument — 2014 to 2020
osebe, ki so ostale brez službe ali jim to grozi ali imajo težave pri vstopanju ali ponovnem vstopanju na trg delovne sile, ter osebe, ki jim grozi socialna izključenost, ogrožene osebe, ki so v zapostavljenem položaju pri dostopu do konvencionalnega trga posojil in želijo ustanoviti ali nadalje razvijati lastno mikropodjetje, kar vključuje tudi samozaposlitev,
Regulation (EU) No 1316/2013 of the European Parliament and the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348, 20.12.2013, p.
mikropodjetja, zlasti v socialnem gospodarstvu, in mikropodjetja, ki zaposlujejo osebe iz prejšnje alinee.
129).
Finančni prispevek iz splošnega proračuna Unije za instrument za obdobje od 1. januarja 2010 do 31. decembra 2013 znaša 103,6 milijona EUR, od tega je 23,6 milijona EUR predvidenih za mikrofinančni jamstveni instrument (EPMF-G) in 80 milijonov EUR za EPMF Fonds Commun de Placement – Fonds d’Investissements Spécialisé (EPMF FCP-FIS).
Article 09 03 02 — Creating an environment more conducive to private investment for telecommunications infrastructure projects — CEF Broadband.
EPMF se izvaja z uporabo naslednjih vrst ukrepov, kot je primerno:
Given the current market failures in the financing of infrastructure projects and in view of recent developments, in particular the establishment of the European Fund for Strategic Investments (EFSI), an Equity Instrument was established under CEF by way of an Annual Work Programme 2015 for a contribution to financial instruments (C(2015)8847).
garancije (EPMF-G),
The establishment of EFSI greatly enhanced the available financing opportunities in the form of debt and made it possible to optimise the use of scarce CEF resources by re-directing a part of the available budget to finance smaller and more risky projects, especially in the area of broadband.
dolžniški in kapitalski instrumenti (FCP-FIS),
The Debt Instrument will nonetheless remain the main delivery mechanism for the financial instruments under CEF.
podporni ukrepi, kot so obveščanje, spremljanje, nadziranje, revizije in ocene, ki so neposredno potrebni za uspešno in učinkovito izvajanje Sklepa št. 283/2010/EU ter dosego njegovih ciljev.
Currently, the contribution to CEF Equity Instrument is foreseen for broadband (EUR 100 million) for the establishment of a Broadband Investment Fund.
Mikrokreditna jamstva ostanejo v celoti veljavna do 31. decembra 2020.
That Fund will contribute to enhancing the roll-out of broadband networks in line with applicable eligibility criteria (in particular, the support to innovative projects, based on state-of-the-art technology and with a potential for replicability), both via direct financing to private sector companies (focusing on mid-caps and SMEs) and public and private partnerships (PPPs), and via public or private financial intermediaries.
Komisija od konca obdobja prevzema obveznosti ni prevzela nobenih nadaljnjih proračunskih obveznosti.
The fund will be implemented under the CEF Equity Instrument by setting up of a dedicated investment vehicle to allow the pooling of contributions from multiple investors (direct management).
Dodeljena proračunska sredstva za celotno programsko obdobje po ocenah znašajo 103,6 milijona EUR (skupen proračun za mikrofinančni jamstveni instrument EPMF in EPMF FCP-FIS).
The fund will be managed by a fund manager selected in a competitive selection process.
Ciljni učinek finančnega vzvoda instrumenta EPMF je 4,83 v celotnem času trajanja finančnih instrumentov.
The investment manager will be a professional asset manager with extensive experience in infrastructure and, in particular, broadband investments in Europe.
Na podlagi ciljnega finančnega vzvoda instrumenta EPMF se ocenjuje, da bi skupni znesek mobiliziranega obsega posojil znašal okoli 500 milijonov EUR.
For alignment of interest, the investment manager will also subscribe to the fund.
Skupne proračunske obveznosti za EPMF-G za obdobje 2010–2013 znašajo 23,6 milijona EUR (samo za jamstva).
The use of the Equity Instrument in subsequent years of CEF implementation may be considered, for the transport sector, for riskier projects or for projects in immature markets.
Ciljni obseg posojil upravičenim mikropodjetjem za jamstveni finančni instrument EPMF [69] po ocenah znaša 273,8 milijona EUR.
In the energy sector, the Equity Instrument may be used to intervene in duly justified cases to prevent major delays in the construction of projects of common interest.
Jamstvena shema za posojila (LGF) zagotavlja:
The scope of envisaged operations will depend on the outcome of negotiations with investors, in particular the capacity of that fund to attract private capital.
neposredna jamstva in druge dogovore o delitvi tveganja za vse druge finančne posrednike, ki izpolnjujejo merila za upravičenost.
Guarantee Instruments
Jamstveno shemo za posojila sestavljajo:
Article 01 04 51 — Completion of programmes in the field of small and middle-sized enterprises (SMEs) (prior to 2014) (in 2015 budget nomenclature) [65].
jamstva za financiranje dolga prek posojil, vključno s podrejenimi in konzorcijskimi posojili, ali zakup, kar zmanjšuje posebne težave, s katerimi se spopadajo delujoča MSP pri dostopu do finančnih sredstev bodisi zaradi zaznanega visokega tveganja ali pomanjkanja zadostnega razpoložljivega zavarovanja,
The SMEG 07 is operated by the European Investment Fund (EIF) on behalf of the Commission.
Podpora za takšne transakcije je za podjetje pogojena z zavezo institucije izvora, da v razumnem časovnem obdobju uporabi znaten delež posledične likvidnosti ali mobiliziranega kapitala za nova posojila za MSP.
It provides counter- or co-guarantees to guarantee schemes and direct guarantees to financial intermediaries operating in eligible countries.
Znesek tega novega financiranja dolga se izračuna glede na znesek zajamčenega tveganja premoženjske bilance banke, o njem pa se skupaj s časovnim obdobjem pogaja posamezno z vsako institucijo izvora.
In general, the CIP market-oriented instruments (both SMEG 07 and GIF) have shown high efficiency and relevance to address the current market conditions, dominated in the recent years by a tightening of credit conditions and more difficult access to finance for SMEs.
Razen v primeru posojil v listninskih portfeljih jamstvena shema za posojila zajema posojila do 150000 EUR in z najnižjo zapadlostjo 12 mesecev.
The SMEG07 is a counter-cyclical instrument that helped final recipients to face the difficulties arising from the economic conditions since the crisis, namely to obtain or maintain access to finance and to create or maintain jobs over the period.
Jamstvena shema za posojila lahko zajema tudi posojila nad 150000 EUR, če MSP, ki izpolnjujejo merila za upravičenost v okviru programa COSME, ne izpolnjujejo meril za upravičenost iz okvira dolžniške sheme za MSP v sklopu programa Obzorje 2020 (t. i.
As regards the duration, the commitment period for the SMEG07 ended on 31 December 2013 but the instrument will exist until the winding up after 2026.
Jamstveni sklad za MSP InnovFin), pri čemer je najnižja zapadlost teh posojil 12 mesecev.
The total budgetary commitments for the CIP financial instruments for the whole period of 2007-2013 were foreseen to be EUR 1,13 billion, with an original indicative split of EUR 620 million for GIF and EUR 510 million for the SMEG07.
Jamstvena shema za posojila je oblikovana tako, da bo možno poročati o MSP, ki so prejela podporo, tako v smislu števila kot obsega posojil.
The SMEG 07 aggregate budgetary commitments for 2007-2013 amounted to EUR 637,8 million.
Za izvajanje LGF je pooblaščen Evropski investicijski sklad na podlagi sporazuma o prenosu pooblastil, podpisanega 22. julija 2014.
The leverage effect [68] on the SMEG07 is currently estimated around 35,8 for the entire duration of the programme, which means that the impact of the aggregate budgetary commitments on the overall economy is expected to reach approximately EUR 22,8 billion of lending to beneficiary SMEs.
Sporazum o prenosu pooblastil zagotavlja, da je jamstvena shema za posojila na voljo širokemu naboru finančnih posrednikov (jamstvene družbe, nacionalni razvojni inštituti, poslovne banke, zadruge itd.), ki imajo izkušnje s finančnimi transakcijami z MSP ali so usposobljeni za sklepanje finančnih transakcij z MSP.
Council Decision 2006/971/EC of 19 December 2006 concerning the specific programme ‘Cooperation’ implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) (OJ L 400, 30.12.2006, p.
Kar zadeva transakcije listinjenja, se Evropskemu investicijskemu skladu nalaga, da zagotovi kritje jamstva za del vmesne (mezzanine) tranše listinskega posojilnega portfelja za MSP skupaj z zavezo finančnega posrednika za oblikovanje novega posojilnega portfelja MSP.
Article 08 02 51 (in part) — Completion of previous research framework programme — seventh framework programme — EC indirect action (2007 to 2013).
Razpon finančnih produktov, ki se lahko podprejo z omejenimi jamstvi, je zelo obsežen, da ne bi prišlo do diskriminacije med MSP, ki imajo zelo raznolike finančne potrebe glede na stopnjo razvoja podjetja in sektor/panogo, v kateri delujejo.