natgillin/translations-raw huggingface dataset:
The qualification of a measure as aid within the meaning of this provision therefore requires the following cumulative conditions to be met: (i) the measure must be imputable to the State and financed through State resources; (ii) it must confer an advantage on its recipient; (iii) that advantage must be selective; and (iv) the measure must distort or threaten to distort competition and affect trade between Member States.
V skladu s točkama 137 in 138 smernic o pomoči za reševanje bo „Komisija […] preverila združljivost kakršne koli pomoči za reševanje ali prestrukturiranje, ki je bila dodeljena brez njene odobritve in je zato v nasprotju s členom 108(3) Pogodbe, z notranjim trgom na podlagi teh smernic, če je del pomoči ali vsa pomoč dodeljena po objavi smernic v Uradnem listu Evropske unije“, in „[v] vseh drugih primerih […] pomoč proučila na podlagi smernic, veljavnih ob dodelitvi pomoči“.
State resources and imputability to the State
Poleg tega posojili bank BCR in BRD nista bili priglašeni Komisiji v nasprotju s členom 108(3) PDEU.
As has been stated by the Court, for measures to be qualified as State aid within the meaning of Article 107(1) TFEU, (a) they have to derive from the State's resources, either directly or indirectly by any intermediary body acting by virtue of powers conferred on it and (b) they have to be imputable to the State.
Iz tega sledi, da se smernice o pomoči za reševanje in prestrukturiranje, čeprav sta bili ti posojili dodeljeni pred 1. avgustom 2014, kolikor jih je treba oceniti skupaj kot del enega samega postopka za zagotovitev pomoči družbi v težavah, uporabljajo tudi za posojili bank BCR in BRD.
The notion of Member State includes all levels of public authorities, regardless of whether it is a national, regional or local authority.
Uporaba smernic o pomoči za reševanje in prestrukturiranje
Concerning the IBRD loan, Romania explained that this loan was the outcome of an agreement signed on 31 May 2002 between IBRD and Electrocentrale Deva, the legal predecessor of CE Hunedoara.
Korist od pomoči za reševanje ali prestrukturiranje lahko imajo le podjetja v težavah, kakor so opredeljena v točki 20 smernic o pomoči za reševanje in prestrukturiranje, ki niso dejavna v sektorju premogovništva ter jeklarskem in finančnem sektorju, kakor so opredeljeni v točki 16 smernic.
This loan agreement was guaranteed by the Romanian Government.
Kot je ugotovljeno v sklepu o pomoči za reševanje, je družba CE Hunedoara že aprila 2015 izpolnila merila za uvedbo kolektivnega postopka zaradi insolventnosti iz točke 20(c) smernic o pomoči za reševanje in prestrukturiranje, družba pa je tak postopek dejansko začela januarja 2016 (glej uvodno izjavo 22 zgoraj).
According to the case law, the creation of a concrete risk of imposing an additional burden on the State in the future, by a guarantee or by a contractual offer, is sufficient for the purposes of Article 107(1) TFEU.
Zato se lahko družba CE Hunedoara šteje za podjetje v težavah v smislu smernic o pomoči za reševanje in prestrukturiranje.
As such, the IBRD loan guarantee involved resources from the State budget.
Komisija najprej ugotavlja, da Romunija ni predložila nobenih dokazov o morebitni skladnosti s pogoji za združljivost pomoči za reševanje ali prestrukturiranje iz smernic o pomoči za reševanje in prestrukturiranje.
Concerning the BCR loan, Romania confirmed that this loan was a result of a contract entered into on 3 December 2013 between BCR and the Ministry of Public Finances to fund one quarter of investment project ‘Centrala Electrică Paroșeni’.
Kar zadeva posojilo banke BCR, posojilo banke BRD in posojilo, dodeljeno za vračilo nezdružljive pomoči, jih bo Komisija v nadaljevanju ocenila skupaj, saj so bila dodeljena podjetju v težavah kot pomoč za naložbe ali poslovanje in so družbi CE Hunedoara omogočila, da poravna svoje stroške brez dostopa do finančnih trgov (glej uvodno izjavo 99).
This loan was then subsequently granted further to CE Hunedoara by way of a subsidiary loan agreement entered into on 5 December 2013.
Komisija na tej podlagi meni, da pogoji za združljivost pomoči za prestrukturiranje iz smernic o pomoči za reševanje in prestrukturiranje niso izpolnjeni, ker (i) načrt prestrukturiranja (predložen oktobra 2015 in spremenjen januarja 2016) najprej ni bil veljaven, ker se z njim ni mogla zagotoviti dolgoročna sposobnost preživetja družbe CE Hunedoara brez nadaljnje stalne pomoči in se ni izvedel, ker (ii) družba CE Hunedoara ni zagotovila vidnega lastnega prispevka v skladu s točkami od 62 do 64 smernic o pomoči za reševanje in prestrukturiranje ter ker (iii) ni bilo mogoče opredeliti ukrepov za omejitev izkrivljanja konkurence v skladu s točkami od 74 do 86 smernic o pomoči za reševanje in prestrukturiranje.
As such, the subsidiary loan agreement (related to the BCR loan contracted by the Romanian State) was offered to CE Hunedoara out of resources stemming from the State budget.
Kar zadeva točke od 99 do 103 smernic o pomoči za reševanje in prestrukturiranje, čeprav določajo specifične pogoje za pomoč ponudnikom storitev splošnega gospodarskega pomena v težavah, Komisija meni, da posojil, ki se ocenjujejo, ni mogoče oceniti ali upoštevati kot nadomestilo za opravljanje take storitve, kot je navedeno v točki 100 smernic o pomoči za reševanje in prestrukturiranje.
Concerning the BRD loan, Romania confirmed that this loan was the outcome of an agreement signed on 19 May 2014 between BRD and the Ministry of Public Finances.
Prvič, ni niti navedeno niti ugotovljeno, da je družba CE Hunedoara delovala na podlagi veljavnih aktov o pooblastitvi, ki izločajo vsako upravičeno razliko v proizvodnji električne energije drugih proizvajalcev električne energije, ki delujejo v Romuniji; v skladu z ustaljeno sodno prakso Sodišča je prisotnost veljavnega akta o pooblastitvi bistven pogoj za to, da se državna pomoč šteje za veljavno nadomestilo za storitev splošnega gospodarskega pomena.
This loan was granted by the bank to the borrower who then subsequently granted it further to CE Hunedoara by way of a subsidiary loan agreement entered into on 5 June 2014 to fund another quarter of the ‘Centrala Electrică Paroșeni’.
Drugič, zadevna posojila so bila ad hoc posojila za specifične namene ter niso bila dodeljena zaradi opredeljivih in utemeljenih dodatnih stroškov opravljanja storitve.
As such, the subsidiary loan agreement (related to the BRD loan contracted by the Romanian State) was offered to CE Hunedoara out of resources stemming from the State budget.
Tretjič, zneski posojil posamezno ali skupaj niso bili določeni na podlagi vnaprej določenih objektivnih parametrov, kalibriranih izključno za ugotovljene stroške storitve splošnega gospodarskega pomena ob upoštevanju vseh prihodkov in stroškov družbe CE Hunedoara.
The rescue aid loan, including the prolonged and not repaid portion of it, and the loan to repay the incompatible aid involve State resources, since they were provided from funds set aside in and stemming from the State budget.
Komisija zato na podlagi točk 100 in 101 smernic o pomoči za reševanje in prestrukturiranje ne more meniti, da bi bilo treba zadevna posojila šteti za veljavna nadomestila na podlagi sklepa o storitvah splošnega gospodarskega pomena ali okvira za storitve splošnega gospodarskega pomena.
Based on the above, the Commission concludes that the five loans in question involve State resources and they are imputable to the Romanian State.
Dva premogovnika prejemata pomoč za poslovanje za zaprtje v skladu s sklepom o drugi pomoči premogovnikom (uvodna izjava 12 zgoraj).
Economic advantage
Romunija je v pripombah k sklepu o začetku postopka trdila, da se za dejavnosti pridobivanja premoga in proizvajanja električne energije vodijo ločeni računi, ki pa sami po sebi ne preprečujejo navzkrižnega financiranja dejavnosti pridobivanja premoga.
Article 107(1) TFEU requires that a measure, in order to be defined as State aid, favours certain undertakings or the production of certain goods.
Romunija ni dokazala, da se navzkrižno financiranje ne dogaja, na primer s predložitvijo dokazov, da uporaba državne pomoči koristi le dejavnosti proizvajanja električne energije.
Loans or guarantees provided by the State directly or indirectly, may favour the beneficiary undertaking when they provide funding which the beneficiary would not find on financial markets at the same conditions, if at all.
Brez teh potrebnih dokazov ni mogoče izključiti, da so nekatera od posojil, zajetih v tem sklepu, neposredno ali posredno koristila premogovnikom družbe CE Hunedoara, v nasprotju s točko 16 smernic o pomoči za reševanje in prestrukturiranje, v katerih je sektor premogovništva izključen iz pomoči za reševanje in prestrukturiranje.
In order to verify whether an undertaking has benefited from an economic advantage the Commission applies the criterion of the ‘market economy operator principle’ (‘MEO principle’).
Nazadnje je treba opozoriti, da so prihodki od posojila, dodeljenega za vračilo nezdružljive pomoči, še naprej na voljo družbi CE Hunedoara.
According to this principle, the assessment focuses on the transaction from the perspective of a hypothetical prudent private creditor/investor, in a situation as close as possible to that of the State.
Ob upoštevanju načela iz sodbe v zadevi Deggendorf kopičenje nevrnjenega posojila, dodeljenega za vračilo prejšnje nezdružljive pomoči z drugimi tremi posojili, ne dopušča mnenja, da je morebitna pomoč za prestrukturiranje družbi CE Hunedoara združljiva z notranjim trgom na podlagi točke 94 smernic o pomoči za reševanje in prestrukturiranje.
In the case at hand, the Romanian State is both a creditor and the main shareholder of CE Hunedoara.
Vendar družba CE Hunedoara kljub temu, da ima korist od državne pomoči v obliki zadevnih posojil, kolikor niso bila vrnjena, še naprej posluje v škodo konkurentov.
In such setting, Romania could provide or guarantee a MEO-compliant loan or a guarantee on a stand-alone basis if the terms at which the loan is granted are in line with market conditions, provided that there is likelihood of repayment or increased return to the shareholder in a different form.
Komisija torej na podlagi navedenega meni, da sta posojili bank BCR in BRD, najeti v korist družbe CE Hunedoara, ocenjeni skupaj s prekomernim podaljšanjem posojila za reševanje, zaradi česar se je preoblikovalo v posojilo za prestrukturiranje, in posojilom, dodeljenim za vračilo nezdružljive pomoči, nezdružljivi z notranjim trgom.
Therefore, the assessment of the conditions at which loans are granted by a shareholder needs to take into account the possible returns from the stake that the shareholder may reasonably expect in its capacity as shareholder.
Kar zadeva posojilo za reševanje, se je Romunija v skladu s točko 55(d) smernic o pomoči za reševanje in prestrukturiranje zavezala, da bo najpozneje v šestih mesecih od datuma sklepa o pomoči za reševanje ali izplačila prvega obroka (uvodna izjava 54 sklepa o pomoči za reševanje) predložila dokaz, da je bilo posojilo vrnjeno, ali veljaven načrt prestrukturiranja ali utemeljen načrt likvidacije, v katerem so določeni koraki, ki vodijo do likvidacije družbe CE Hunedoara v razumnem časovnem okviru, brez dodatne pomoči.
In the present case, it is manifest in light of (i) the financial figures of CE Hunedoara portrayed in Table 2 above, (ii) the substantially higher marginal production costs of CE Hunedoara compared to market prices, and (iii) the history of the predecessor companies, that the Romanian State, or any market investor in a similar position as the State, could not expect any possible return in the form of dividends or capital gain from its shareholding in CE Hunedoara as from 2013.
Romunija svoje zaveze ni izpolnila, ker (i) posojilo za reševanje ni bilo v celoti vrnjeno in ker (ii) je bila Romunija obveščena, da načrt za prestrukturiranje (ki ga je Romunija predložila oktobra 2015 in je bil spremenjen januarja 2016) ne zagotavlja, da bi lahko družba CE Hunedoara dosegla dolgoročno sposobnost preživetja brez nadaljnje stalne pomoči.
First, for the three IBRD, BCR, and BRD loans contracted or guaranteed by the Romanian Ministry of Finance for the benefit of CE Hunedoara, the financial situation of the company and the history of its predecessors must be taken into account for the assessment, as it would have been examined by any prudent market lender or investor.
Komisija poleg navedenega ugotavlja, da se zdi časovni okvir za likvidacijo družbe CE Hunedoara v najmanj treh letih, kot je Romunija navedla maja 2017 (tj. leto in pol po roku iz oktobra 2015, tj. šest mesecev po dodelitvi pomoči za reševanje, odobreni s sklepom o pomoči za reševanje), precej dolg.
Even before April 2015 when CE Hunedoara was reportedly unable to access finance at market terms, the company was consistently loss making as from its first year of full operation encompassing coal mines and power generation under the same company.
Komisija na podlagi navedenega ugotavlja, da je podaljšanje posojila za reševanje nezdružljivo z notranjim trgom.
Second, as regards the loan to repay the incompatible aid, the opening decision noted that, an economic advantage of a similar nature (as the one related to the rescue loan) was conferred on CE Hunedoara as successor company operating the power generation assets of Electrocentrale Paroșeni and Electrocentrale Deva through the State aid which was the subject of the Decision regarding the incompatible aid adopted on 20 April 2015 and, by way of inference, through the public loan granted to CE Hunedoara to repay it.
IZTERJAVA
The loan to repay the incompatible aid was granted at a time when, according to Romania, CE Hunedoara fulfilled the criteria for being subject to insolvency proceedings under Romanian law and, accordingly, it can be excluded that the company could have found such finance at market terms.
Komisija je v skladu s PDEU in ustaljeno sodno prakso Sodišča pristojna za odločanje, ali mora zadevna država članica odpraviti ali spremeniti pomoč, za katero je ugotovila, da ni združljiva z notranjim trgom.
Third, regarding the rescue aid loan, as pointed out in the opening decision, the Romanian authorities declared that CE Hunedoara was unable to obtain it from commercial banks and, more generally, they acknowledged that it was providing a (selective) advantage.
Prav tako Sodišče dosledno meni, da je obveznost države članice, da ukine pomoč, za katero Komisija meni, da ni združljiva z notranjim trgom, namenjena ponovni vzpostavitvi prejšnjega stanja.
The prolonged and still not repaid portion of the rescue aid loan kept by CE Hunedoara also entails an economic advantage that the company could not possibly obtain at market conditions, e.g. by refinancing and repaying the non-repaid portion with a loan from a commercial bank.
V zvezi s tem je Sodišče odločilo, da je ta cilj dosežen, če prejemnik vrne zneske, ki so bili dodeljeni z nezakonito pomočjo, in se tako odpove ugodnostim, ki jih je užival v primerjavi s konkurenti na trgu, ter če se ponovno vzpostavi stanje pred plačilom pomoči.
In its comments on the opening decision, Romania argued that it had indeed intended to restructure CE Hunedoara and turn the rescue loan to part of a restructuring aid.
V zvezi s tem člen 16(1) Uredbe Sveta (EU) 2015/1589 določa, da „če se v primerih nezakonite pomoči sprejmejo negativni sklepi, Komisija odloči, da mora zadevna država članica sprejeti vse potrebne ukrepe, da upravičenec vrne pomoč […]“.
The Commission notes however, that Romania has not submitted a valid restructuring plan in accordance with the R&R aid Guidelines and the mere intention to restructure does not take away the advantage granted by the rescue aid loan as the loan has not been repaid in six months following the granting of the aid.
Zato je treba (i) posojilo banke BCR, (ii) posojilo banke BRD, (iii) posojilo za vračilo nezdružljive pomoči in (iv) posojilo za reševanje – ki je postalo nezakonito od trenutka, ko pomoč za reševanje ni bila vrnjena v šestih mesecih po njegovi dodelitvi in/ali izplačilu –, ki so bila izvedena v nasprotju s členom 108(3) PDEU ter jih je treba šteti za nezakonito in nezdružljivo pomoč, vrniti, da se ponovno vzpostavi stanje na trgu, kot je bilo pred dodelitvijo pomoči.
Romania furthermore argued in its comments to the opening decision that the rescue loan was granted at ‘existing conditions at the banking market’ following the analysis by EximBank and it was collateralised.
Vračilo pomoči bi moralo zajeti obdobje od datuma, ko je bila upravičenki dodeljena prednost, tj. ko ji je bila pomoč v obliki glavnice posojil nezakonito dana na voljo, do datuma njenega dejanskega vračila, zneskom, ki jih je treba vrniti, pa bi bilo treba prišteti obresti do datuma dejanskega vračila.
This claim is however proven wrong by the simple fact that CE Hunedoara was not able to obtain the loan from commercial banks as pointed out in recitals 100 and 101 of this decision.
Obresti vračila se razlikujejo od pogodbenih obresti, zamudnih obresti ali drugih povezanih zneskov v zvezi z zadevnimi posojili, ki jih družba CE Hunedoara dolguje državi.
Furthermore, Romania has not provided the credit risk analysis of the EximBank.
V skladu z ustaljeno sodno prakso plačilna nesposobnost in nezmožnost vračila pomoči nista upravičen razlog za oprostitev obveznosti vračila.
Fourth, also CE Hunedoara's predecessor companies were unable to honour their liabilities of which more than EUR 1,2 billion were left unpaid in liquidation.
V takem primeru je mogoče vzpostavitev stanja pred izplačilom pomoči in odpravo izkrivljanja konkurence načeloma doseči z vpisom terjatve iz naslova vračila pomoči v register terjatev v okviru postopka likvidacije pod nadzorom sodišča.
As a recently created company, despite being cleansed of most of the liabilities of Electrocentrale Paroșeni and Electrocentrale Deva and of the National Hard Coal Company JSC Petroșani, CE Hunedoara had no reliable and solid credit history, absent which market lenders are reluctant to finance operations.
Če država članica ne more zagotoviti vračila celotnega zneska pomoči, vpis terjatve omogoča izpolnitev obveznosti zagotovitve vračila, če postopek zaradi insolventnosti povzroči prenehanje upravičenca, tj. popolno prenehanje njegovih dejavnosti.
Indeed, the five loans which are the subject of the present proceedings were all granted out of resources belonging to the State budget (see 4.1.1 above).
Likvidacija družbe CE Hunedoara v primeru nevračila pomoči za reševanje v šestih mesecih od njegove odobritve ali izplačila je prav tako predvidena v smernicah o pomoči za reševanje in prestrukturiranje, v sklepu o pomoči za reševanje (uvodne izjave 20, 21 in 52(d)).
By contrast, there is no evidence of any private market creditor having provided loans to CE Hunedoara to any comparable extent.
Komisija opozarja na nedavne razprave z Romunijo, v katerih je bilo ugotovljeno, da bi lahko prenehanje družbe CE Hunedoara vodilo v likvidacijo in prodajo njenih sredstev zaradi izpolnitve obveznosti, vključno s tistimi, ki izhajajo iz izvršitve izterjave, naložene Romuniji na podlagi tega sklepa.
Despite the invitation to Romania in the opening decision to provide evidence of offers of loans to CE Hunedoara made by market financial institutions or banks between 2012 and 2016, specifying whether a State or public guarantee was requested, no such offers or evidence of positive appraisals by market lenders has been provided.
Romunski organi so potrdili obstoj pravnih določb v nacionalni zakonodaji, ki bi zagotovile nadaljevanje obratovanja, in v zvezi s tem navedli zakon št. 123 z dne 10. julija 2012 o električni energiji in zemeljskem plinu, zlasti poglavje za varnost in zaščito.
Fifth, as explained in recital 20 above, CE Hunedoara's productive assets were also those operated by the predecessor companies before without any significant productive or technological improvement allowing stakeholders to reasonably expect better or more remunerative sales of electricity and heat on the Romanian electricity market.
Romunija lahko v okviru likvidacije in glede na njeno pravno obveznost, da zagotovi stalno oskrbo, načrtuje sprejetje ukrepov, s katerimi bi se izognili nenadnim prekinitvam dobave električne in toplotne energije za regijo, v kateri družba CE Hunedoara deluje in opravlja storitve.
The Romanian authorities, with full ownership of CE Hunedoara and predecessors, whilst being also its main creditor, could not ignore the structural inability of CE Hunedoara to generate enough operating profits to meet its liabilities.
Vendar morajo biti taki ukrepi sorazmerni, razumni ter časovno in po obsegu omejeni na tisto, kar je nujno potrebno za ohranitev vrednosti sredstev za proizvodnjo električne energije.
They provided with public finance the funds, which CE Huneadoara would have been unable to obtain in the financial market at any rate.
Pri izvrševanju tega sklepa mora biti Komisija vnaprej obveščena in zmožna preveriti, ali so ti pogoji izpolnjeni.
All five abovementioned facts influence the creditworthiness of CE Hunedoara and make it implausible that without State intervention, CE Hunedoara would have found willing lenders at market terms trusting that CE Hunedoara would repay the loans.
Zato ta sklep na splošno ne posega v take ustrezne ukrepe in v postopek prenosa sredstev za proizvodnjo električne energije.
Likewise, it is unlikely that Romania could anticipate returns from its shareholding in CE Hunedoara and, in particular, from revenues foregone when granting loans to CE Hunedoara below market terms.
Poleg tega je Romunija, kot je bilo omenjeno med videokonferenco 31. julija 2018 (glej uvodno izjavo 3 zgoraj), izrazila namero, da sprejme ustrezen ukrep za nadaljevanje postopka v zvezi s prenosom sredstev za proizvodnjo električne energije z družbe CE Hunedoara na novo družbo, ki jo je treba še ustanoviti.
In conclusion, the loans in question appear to have favoured CE Hunedoara.
Načrtuje se, da bo to v obliki izrednega vladnega odloka, s katerim bi se izvedla trifazna nadomestna izpolnitev (v romunščini dare în plată) le v zvezi s sredstvi za proizvodnjo električne energije, tj. brez premogovnikov.
Indeed, CE Hunedoara was a borrower with a poor credit history of its insolvent and liquidated predecessors, and had no credit history in 2012-2013 when the company was established.
Glede na zapisnik, dogovorjen z Romunijo, bi moral ta postopek vključevati:
CE Hunedoara had increasing operating losses not allowing to meet debt service as from 2013-2014 and actually defaulted in meeting liabilities causing the company to be potentially subject to insolvency proceedings as from 2015.
prvič, pripravo obveznega poročila o vrednotenju za določitev vrednosti sredstev za proizvodnjo električne energije (ki jih je kot zavarovanje zagotovilo ministrstvo za javne finance) in zneska dolga, ki ga dolguje družba CE Hunedoara;
Moreover, there is no indication that the Romanian authorities have taken any timely steps that a diligent creditor would take to recover its claims, such as summoning the borrower to repay the loans or requesting forced execution of payments for defaulted reimbursements.
drugič, ta zastavljena sredstva bi bila prenesena na ministrstvo za javne finance in nato na ministrstvo za energijo;
Although in January 2016 the claim for insolvency against CE Hunedoara was filed (see recital 22 above), it has not produced any effective recovery to date.
tretjič, ta zastavljena sredstva bi bila prenesena na novo družbo, ki bi bila pooblaščena za opravljanje storitev splošnega gospodarskega pomena.
Owing to the difficult financial situation of the company and the low likelihood of repayment when the loans were granted or prolonged, the loans in question conferred an economic advantage to CE Hunedoara in the form of finance and funds, which it would not have been able to obtain on the market.
Ta sklep ne vpliva na takšen prenos sredstev prek načrtovanega izrednega vladnega odloka, če romunski organi ta načrtovani prenos izvedejo v skladu s pravnimi zahtevami, vključno zlasti z ustreznim vrednotenjem teh sredstev.