natgillin/translations-raw huggingface dataset:
The Authority’s Decision No 367/06/COL was published in the Official Journal of the European Union and the EEA Supplement thereto [10].
Odločba Nadzornega organa št. 367/04/COL je bila objavljena v Uradnem listu Evropske unije in Dodatku EGP k Uradnemu listu [10].
The Authority received comments from Íslenskt sement ehf. on 7 May 2007 (Event No 420691).
Dne 7. maja 2007 je prejel pripombe skupine vlagateljev Íslenskt sement ehf. (št. dogodka 420691).
By letter dated 14 May 2007 (Event No 421504), the Authority forwarded these to the Icelandic authorities, who were given the opportunity to reply to the submitted comments.
V dopisu z dne 14. maja 2007 (št. dogodka 421504) je Nadzorni organ te pripombe posredoval islandskim organom, ki so imeli možnost, da nanje odgovorijo.
The Icelandic authorities replied on 18 April 2008 (Event No 474416).
Islandski organi so odgovorili 18. aprila 2008 (št. dogodka 474416).
THE SALE PROCESS OF SEMENTSVERKSMIÐJAN HF.
PRODAJA DRUŽBE SEMENTSVERKSMIÐJAN HF.
Until 2000, when an importer of cement from Denmark entered into the Icelandic market, Sementsverksmiðjan hf. had enjoyed a de facto monopoly in the market for cement.
Do leta 2000, ko se je na islandskem trgu pojavil uvoznik cementa iz Danske, je bila družba Sementsverksmiðjan hf. dejanski monopolist na trgu cementa.
As a result of the new competitive situation, Sementsverksmiðjan hf. experienced economic difficulties and started cumulating losses.
Zaradi novonastalih konkurenčnih razmer je družba Sementsverksmiðjan hf. zašla v gospodarske težave in začele so se ji kopičiti izgube.
Therefore, in March 2003, the State decided to sell the undertaking and announced a tender to purchase 100 % of its shares in Sementsverksmiðjan hf.
Zato je marca 2003 država sklenila, da proda podjetje in objavila javni razpis za odkup 100 odstotkov njenih deležev v družbi Sementsverksmiðjan hf.
The tender procedure lead to the selection of a group of investors [12], which created Íslenkst Sement ehf. for the purpose of acquiring the State’s shares.
V razpisnem postopku je bila izbrana skupina vlagateljev [12], ki je ustanovila družbo Íslenkst Sement ehf. za nakup državnih deležev.
The Government initiated negotiations for the sale of the State’s shares in Sementsverksmiðjan hf. with these investors.
S temi vlagatelji se je vlada začela pogajati o prodaji državnih deležev v družbi Sementsverksmiðjan hf.
The outcome of the negotiations between the Government and Íslenkst Sement ehf. was that the company was sold mainly in accordance with the agreements described below.
Izid pogajanj med vlado in skupino Íslenkst Sement ehf. je bila prodaja družbe, ki je v glavnem potekala v skladu s spodaj opisanimi dogovori.
On 2 October 2003, the Ministry of Industry signed, on behalf of the Government of Iceland, a Share Purchase Agreement with Íslenskt Sement ehf.
Ministrstvo za industrijo je 2. oktobra 2003 v imenu islandske vlade s skupino Íslenskt Sement ehf. sklenilo Sporazum o nakupu deležev.
On the basis of this Agreement, the State, owner of 100 % of the shares in Sementsverksmiðjan hf. for a nominal value of ISK 450 million, sold them to Íslenskt Sement ehf. for a price of ISK 68 million.
Na podlagi tega sporazuma je država, ki je bila 100-odstotna lastnica deležev v družbi Sementsverksmiðjan hf. v nominalni vrednosti 450 milijonov ISK, te prodala družbi Íslenskt Sement ehf. po ceni 68 milijonov ISK.
Pursuant to Article 4 of the Share Purchase Agreement, the Government of Iceland took over the pension debts and obligations of the Sementsverksmiðjan hf.
V skladu s členom 4 Sporazuma o nakupu deležev je islandska vlada prevzela pokojninske dolgove in obveznosti družbe Sementsverksmiðjan hf.
It also took over all existing and future obligations regarding the annual compensation settlement of the individuals who are paying into Section B of the Pension Fund of State Employees as long as they are employees of the Sementsverksmiðjan hf.
Prevzela je tudi vse obstoječe in prihodnje obveznosti v zvezi z letno poravnavo nadomestil posameznikom, ki vplačujejo v oddelek B Pokojninskega sklada državnih uslužbencev, dokler so zaposleni v družbi Sementsverksmiðjan hf.
On behalf of the State Treasury, the Ministry of Finance took over the remainder of the bonds issued to pay the accrued obligations of Sementsverksmiðjan hf. as settled in the agreement of 1997, as well as existing and future obligations of current employees of the company affiliated to Section B, by an Agreement signed on 23 October 2003 with the Pension Fund of State Employees.
Ministrstvo za finance je v imenu Državne zakladnice na podlagi sporazuma iz leta 1997 prevzelo preostanek obveznic, izdanih za plačilo zapadlih obveznosti družbe Sementsverksmiðjan hf., obstoječe in prihodnje obveznosti za trenutno zaposlene v družbi, ki so vključeni v oddelek B, pa na podlagi sporazuma, ki ga je 23. oktobra 2003 sklenilo s Pokojninskim skladom državnih uslužbencev.
The Government thereby fulfilled the obligation laid down in Article 4 of the Share Purchase Agreement between the Ministry of Industry and Íslenskt sement ehf.
S tem je vlada izpolnila obveznost iz člena 4 Sporazuma o prodaji deležev, ki sta ga sklenila Ministrstvo za industrijo in Íslenskt sement ehf.
According to Article 5 of the Share Purchase Agreement, the Government of Iceland was to purchase some assets from Sementsverksmiðjan hf. in a separate agreement.
V skladu s členom 5 Sporazuma o nakupu deležev naj bi islandska vlada kupila nekaj premoženja družbe Sementsverksmiðjan hf. na podlagi posebnega sporazuma.
As indicated in Section 3 of Article 5, the purchase price for these assets was ISK 450 million.
Kot je navedeno v oddelku 3 člena 5, je znašala cena za nakup tega premoženja 450 milijonov ISK.
On the same date, 2 October 2003, Sementsverksmiðjan hf. and the National Treasury of Iceland signed a Purchase Contract on the basis of which the Treasury purchased the properties and assets of the company in Reykjavík, the office building of the company in Akranes with the exception of one and half floors, and the shares and bonds owned by Sementsverksmiðjan hf. in other companies, for the price of ISK 450 million.
Istega dne, tj. 2. oktobra 2003, sta družba Sementsverksmiðjan hf. in Državna zakladnica Islandije podpisali kupoprodajno pogodbo, na podlagi katere je Državna zakladnica kupila premoženje in sredstva družbe v Reykjavíku, poslovno stavbo družbe v Akranesu, razen enega nadstropja in pol, ter delnice in obveznice drugih družb, ki jih je imela v lasti družba Sementsverksmiðjan hf., za ceno 450 milijonov ISK.
According to Article 6 of the Purchase Contract, until 31 December 2009, Sementsverksmiðjan hf. had the right to re-purchase the abovementioned sold properties in Reykjavik for a total price of ISK 95 million with a fixed annual interest of 7 % as of 1 August 2003.
V skladu s členom 6 kupoprodajne pogodbe je imela družba Sementsverksmiðjan hf. do 31. decembra 2009 pravico ponovno odkupiti zgoraj navedeno prodano premoženje v Reykjaviku za skupno ceno 95 milijonov ISK, ki se od 1. avgusta 2003 obrestuje s stalno 7-odstotno letno obrestno mero.
This purchase contract was amended on 16 February 2006 by an agreement signed between Sementsverksmiðjan hf., the Ministry of Industry on behalf of the Government of Iceland and Íslenskt sement ehf.
Ta kupoprodajna pogodba je bila spremenjena 16. februarja 2006 s sporazumom, ki so ga sklenili družba Sementsverksmiðjan hf., Ministrstvo za industrijo v imenu islandske vlade in skupina vlagateljev Íslenskt sement ehf.
The parties to this Agreement agreed to depart from Section 5.4 of the Share Purchase Agreement with regard to the re-purchase option of certain assets, from Section 6 of the Purchase Contract and replace it by a lease provision on certain assets [14].
Podpisniki tega sporazuma so se dogovorili, da odstopijo od oddelka 5.4 Sporazuma o nakupu deležev, ki se nanaša na možnost ponovnega odkupa določenega premoženja, in od oddelka 6 kupoprodajne pogodbe, in ju nadomestijo z določbo o najemu določenega premoženja [14].
The monthly lease was established at ISK […] and would be adjusted according to the building cost index.
Mesečna najemnina je bila določena na […] ISK in naj bi se usklajevala v skladu z indeksom gradbenih stroškov.
Regarding the delivery time of the assets sold to the National Treasury, the parties agreed to replace the date 31 December 2011 by 1 January 2004.
Glede roka izročitve premoženja, prodanega Državni zakladnici, so se pogodbenice dogovorile, da bodo 31. december 2011 nadomestile s 1. januarjem 2004.
SEMENTSVERKSMIÐJAN HF.’S DEBT TOWARDS THE STATE PENSION FUND
DOLG DRUŽBE SEMENTSVERKSMIÐJAN HF. DO DRŽAVNEGA POKOJNINSKEGA SKLADA
The functioning of the Pension Fund of State Employees
Delovanje Pokojninskega sklada državnih uslužbencev
The Pension Fund of State Employees was originally governed by the provisions of Act No 29/1963.
Pokojninski sklad državnih uslužbencev so prvotno urejale določbe Zakona št. 29/1963.
In the 1990, the premiums to the Pension Fund of State Employees seemed insufficient to cover its pension payments.
Leta 1990 se je izkazalo, da premije, vplačane v Pokojninski sklad državnih uslužbencev, ne zadostujejo za kritje izplačila pokojnin.
On that basis, the State decided to reform the system and adopted Act No 1/1997 ‘The Government Employees Pension Fund Act’.
Zato se je država odločila za reformo sistema in sprejela Zakon št. 1/1997 – „Zakon o Pokojninskem skladu vladnih uslužbencev“.
The Pension Fund of State Employees was divided into two Sections: a new Section A was created and the existing pension fund changed into Section B. All new employees were to join Section A whereas existing employees could choose between membership in Section A or retaining their right to membership in Section B, closed henceforth to new members.
Pokojninski sklad državnih uslužbencev je bil razdeljen na dva oddelka: ustanovljen je bil novi oddelek A, obstoječi pokojninski sklad pa se je spremenil v oddelek B. Vsi na novo zaposleni so se morali vključiti v oddelek A, že zaposleni pa so lahko izbirali med članstvom v oddelku A ali ohranitvijo pravice do članstva v oddelku B, ki je bil od tedaj zaprt za nove člane.
According to the Icelandic authorities, with the splitting of the former Pension Fund of State Employees into Section A and B, the fund was made self-sustaining and would no longer cumulate a negative balance between premiums and commitments which would eventually have to be made up by the National Treasury [15].
Po mnenju islandskih organov je z razdelitvijo nekdanjega Pokojninskega sklada državnih uslužbencev na oddelek A in B sklad postal samozadosten in naj ne bi več prihajalo do negativnega stanja med premijami in obveznostmi, ki bi ga morala na koncu pokriti Državna zakladnica [15].
In contrast, as a result of the provisions for Section B, there is normally a deficit which has to be covered on a regular basis.
Nasprotno pa se zaradi določb v zvezi z oddelkom B po navadi v tem oddelku pojavlja primanjkljaj, ki ga je treba redno pokrivati.
The provisions for Section B foresee the payment of premiums to Section B of the Pension Fund of State Employees only on the basis of the basic salary of the affiliated employees, not on their total pay.
Določbe za oddelek B predvidevajo plačilo premij v oddelek B Pokojninskega sklada državnih uslužbencev samo na podlagi osnovne plače vključenih zaposlenih in ne na podlagi njihove celotne plače.
The affiliated employees acquire a right to receive a certain percentage of the basic pay for the post from which they retire.
Vključeni zaposleni pridobijo pravico do prejema določenega odstotka osnovne plače za delovno mesto, s katerega se upokojijo.
Thereafter, the pension is linked to the average rise in the pay of government employees.
Nato je pokojnina vezana na povprečno zviševanje plač vladnih uslužbencev.
According to Article 33 Act No 1/1997, it is the employer of the members of Section B of the Pension Fund of State Employees who must cover this difference.
V skladu s členom 33 Zakona št. 1/1997 mora kriti razliko delodajalec članov oddelka B Pokojninskega sklada državnih uslužbencev.
Nevertheless, in case of payment default by the employer, by virtue of Article 32 of Act No 1/1997, the Treasury guarantees the payment of a pension to the employee according to the Act.
Na podlagi člena 32 Zakona št. 1/1997 pa Državna zakladnica jamči izplačilo pokojnine zaposlenemu v skladu z zakonom, če delodajalec ne poravna plačila.
The establishment of a debt from Sementsverksmiðjan hf. towards the Pension Fund of State Employees
Določitev dolga družbe Sementsverksmiðjan hf. do Pokojninskega sklada državnih uslužbencev
With the reform carried out in 1996, a new provision was introduced in the law governing the Pension Fund of State Employees requiring employers to refund the increase in pension payments.
Z reformo, izvedeno leta 1996, je bila v zakonodajo uvedena nova določba, ki ureja Pokojninski sklad državnih uslužbencev in od delodajalcev zahteva, da nadomestijo povečanje pri izplačilu pokojnin.
Article 33 of Act No 1/1997 provides that ‘in the case where a previously determined […] pension increases due to a general increase in the salary of public employees, the Treasury and other employers who insure their employees in the Fund refund [16] the increase which thus takes place in pension payments.
Člen 33 Zakona št. 1/1997 določa, da „če se predhodno določena […] pokojnina zviša zaradi splošnega zvišanja plač javnih uslužbencev, Državna zakladnica in drugi delodajalci, ki zavarujejo svoje zaposlene pri Skladu, nadomestijo [16] tako zvišanje izplačila pokojnin.
Article 3 of this Agreement reads as follows: ‘Using an imputed interest rate of 3,5 %, the present value of the LSR’s [17] accrued obligations with respect to employees of the Iceland State Cement Works at year-end 1996 was assessed as ISK 494816380.
Člen 3 tega sporazuma se glasi: „S pripisano 3,5-odstotno obrestno mero je bila ob koncu leta 1996 trenutna vrednost zapadlih obveznosti sklada LSR [17] za zaposlene v islandski državni cementarni ocenjena na 494816380 ISK.
LSR’s assets for payment of obligations are considered to be 19 % of the Fund’s accrued unsettled obligations.
Sredstva sklada LSR za plačilo obveznosti naj bi znašala 19 % neporavnanih zapadlih obveznosti Sklada.
The State’s obligations on behalf of Sementsverksmiðjan hf.
Obveznosti države na račun družbe Sementsverksmiðjan hf.
Ltd is thus ISK 400801268.’
Ltd tako znašajo 400801268 ISK.“
The new Article 33 of Act No 1/1997 foresees the possibility to pay with bonds.
Novi člen 33 Zakona št. 1/1997 predvideva možnost plačila z obveznicami.
‘The board of the Fund may […] accept a debenture in payment of accrued commitments.
„Upravni odbor Sklada lahko […] sprejme obveznico za plačilo zapadlih obveznosti.
[…] The commitment thus settled shall be based on an actuarial assessment as at the settlement date.
[…] Tako poravnane obveznosti temeljijo na aktuarski oceni na dan poravnave.
An employer who has settled his/her commitment with the issue of a debenture in accordance with this paragraph shall have no further responsibility for the Fund’s commitments […] in respect of the period and those employees to which the settlement applies’.
Delodajalec, ki je svoje obveznosti poravnal z izdajo obveznice v skladu s tem odstavkom, nima nobenih odgovornosti več za obveznosti Sklada […] za obdobje in tiste zaposlene, na katere se poravnava nanaša“.
According to Article 4 of the same agreement ‘The National Treasury will make payment to LSR of its obligation pursuant to Article 2 by presenting it with Iceland Cement Ltd bonds for a total amount of ISK 326488714 […].
V skladu s členom 4 istega sporazuma „bo Državna zakladnica skladu LSR plačala svoje obveznosti v skladu s členom 2 s predložitvijo obveznic družbe Iceland Cement Ltd v skupni vrednosti 326488714 ISK […].
The bonds are inflation-indexed to the Consumer Price Index (CPI) with the base index 178.6.
Obveznice so indeksirane z inflacijo v skladu z indeksom cen življenjskih potrebščin (indeks CPI) z osnovnim indeksom 178,6.
With these bonds the National Treasury has fully settled its obligations towards LSR with respect to pension supplements pursuant to Article 33 of Act No 1/1997 on the Civil Servants’ Pension Fund, arising from membership of employees of the Iceland State Cement Works to LSR until the end of 1996’.
S temi obveznicami je Državna zakladnica v celoti poravnala svoje obveznosti do sklada LSR v zvezi s pokojninskimi dodatki v skladu s členom 33 Zakona št. 1/1997 o Pokojninskem skladu javnih uslužbencev, ki izhajajo iz članstva zaposlenih v islandski državni cementarni, do konca leta 1996“.
Therefore, following the application of Article 33 last paragraph of Act No 1/1997, once Sementsverksmiðjan hf. had settled its commitment with the issue of bonds for the amount determined in the Agreement of 8 October 1997, the company would have no further responsibility for the Fund’s commitments to pay pensions to those of its former employees regarding the period until the end of 1996 to which the settlement applied.
V skladu z uporabo zadnjega odstavka člena 33 Zakona št. 1/1997 zato družba Sementsverksmiðjan hf., potem ko je poravnala svoje obveznosti z izdajo obveznic v znesku iz sporazuma z dne 8. oktobra 1997, nima nobene odgovornosti več v zvezi z obveznostmi Sklada, da plača pokojnine svojim nekdanjim zaposlenim za obdobje do konca leta 1996, na katero se poravnava nanaša.
These bonds are thus simply a postponement of the payment of the debt.
Te obveznice so tako preprosto odlog plačila dolga.
On 30 March 1999, Sementsverksmiðjan hf. and the Pension Fund of State Employees signed a second agreement pursuant to Article 33 of Act No 1/1997.
Družba Sementsverksmiðjan hf. in Pokojninski sklad državnih uslužbencev sta 30. marca 1999 sklenila drugi sporazum v skladu s členom 33 Zakona št. 1/1997.
On the basis of this agreement, the Fund would assess yearly the accrued pension obligation arisen during the year with respect to the employees of the company affiliated to Section B of the Fund still active in the company.
Na podlagi tega sporazuma naj bi Sklad letno ocenil zapadle pokojninske obveznosti, nastale med letom v zvezi z zaposlenimi v družbi, ki so vključeni v oddelek B Sklada in še vedno delajo v družbi.
The company would settle these obligations, after deducting all contributions already paid by the employees and the company with respect to the rights earned during the year.
Družba naj bi te obveznosti poravnala po odštetju vseh prispevkov, ki so jih že plačali zaposleni in družba v zvezi s pravicami, pridobljenimi med letom.
According to the information provided by the Icelandic authorities, in 2003, five employees of Sementsverksmiðjan hf. were still affiliated to Section B of the Pension Fund of State Employees.
Po informacijah islandskih organov je bilo leta 2003 pet zaposlenih družbe Sementsverksmiðjan hf. še vedno vključenih v oddelek B Pokojninskega sklada državnih uslužbencev
The taking over by the State of Sementsverksmiðjan hf.’s pension liabilities
Pokojninske obveznosti družbe Sementsverksmiðjan hf, ki jih je prevzela država
With this Agreement, the Ministry of Finance fulfilled the obligation entered into under Article 4 of the Share Purchase Agreement signed on 2 October 2003 with the investors group, Íslenskt sement ehf.
S tem sporazumom je Ministrstvo za finance izpolnilo obveznost iz člena 4 Sporazuma o nakupu deležev, ki ga je 2. oktobra 2003 sklenilo s skupino vlagateljev Íslenskt sement ehf.
According to that provision, ‘[t]he Seller shall take over the pension debts and obligations of the Company, which carry Government guarantee, and were taken over by the Company in 1997 with a special agreement.
V skladu s to določbo „prodajalec prevzame pokojninske dolgove in obveznosti družbe, za katere jamči država in jih je družba prevzela leta 1997 s posebnim sporazumom.
The Seller shall as well take over all existing and future obligations regarding the annual compensation settlement for the individuals who are now paying in the Section B of the Pension Fund of State Employees as long as they are employees of the Company.’
Prodajalec prevzame tudi vse obstoječe in prihodnje obveznosti v zvezi z letnimi izplačili nadomestil za posameznike, ki zdaj plačujejo prispevke v oddelek B Pokojninskega sklada državnih uslužbencev, vse dokler so ti zaposleni v družbi.“
Even if the Ministry of Finance itself decided to take over these debts and obligations of Sementsverksmiðjan hf. in the Share Purchase Agreement with the investors group Íslenskt sement ehf., it is on the basis of a distinct legal act, namely the agreement between the Ministry of Finance and the Pension Fund of State Employees of 23 October 2003, that Sementsverksmiðjan hf. was relieved of these obligations.
Tudi če bi se Ministrstvo za finance odločilo, da prevzame te dolgove in obveznosti družbe Sementsverksmiðjan hf. v Sporazumu o nakupu deležev, sklenjenim s skupino vlagateljev Íslenskt sement ehf., je bila družba Sementsverksmiðjan hf. razrešena teh obveznosti s posebnem pravnim aktom, in sicer sporazumom, sklenjenim med Ministrstvom za finance in Pokojninskim skladom državnih uslužbencev dne 23. oktobra 2003.
THE MEASURES UNDER ASSESSMENT IN THE CURRENT DECISION
UKREPI, KI JIH PRESOJA TA ODLOČBA
As already stated, the formal investigation procedure initiated with Decision No 421/04/COL was extended to cover the takeover by the State of pension-related liabilities of the company with Decision No 367/06/COL.
Kot je bilo že navedeno, je bil formalni postopek preiskave, sprožen z Odločbo št. 421/04/COL, z Odločbo št. 367/06/COL razširjen na preiskavo prevzema pokojninskih obveznosti družbe, ki ga je izvedla država.
On the same date, 29 November 2006, the Authority adopted Decision No 368/06/COL to close the formal investigation procedure regarding the sale of the State’s shares in Sementsverksmiðjan hf. to Íslenskt sement ehf. on 29 November 2006 for a price of ISK 68 million and concluded that the sale did not contain State aid.
Istega dne, 29. novembra 2006, je Nadzorni organ sprejel Odločbo št. 368/06/COL, s katero je zaključil formalni postopek preiskave v zvezi s prodajo državnih deležev v družbi Sementsverksmiðjan hf. Skupini vlagateljev Íslenskt sement ehf.
In the current Decision, the Authority will assess the possible existence and compatibility of State aid in favour of Sementsverksmiðjan hf. concerning the following measures where a decision has not been taken so far by the Authority:
novembra 2006 po ceni 68 milijonov ISK in sprejel sklepno ugotovitev, da prodaja ni vključevala državne pomoči. V tej odločbi bo Nadzorni organ ocenil možen obstoj pomoči v korist družbe Sementsverksmiðjan hf. in njeno združljivost v zvezi z naslednjimi ukrepi, o katerih do zdaj še ni sprejel odločitve:
The purchase of properties, assets, shares and bonds of Sementsverksmiðjan hf. by the State.
Nakup premoženja, sredstev, delnic in obveznic družbe Sementsverksmiðjan hf., ki ga je izvedla država
In Decision No 421/04/COL, the Authority raised the issue that State aid could be involved in the acquisition by the National Treasury of Iceland of assets belonging to Sementsverksmiðjan hf.
V Odločbi št. 421/04/COL je Nadzorni organ izpostavil vprašanje, ali je bila morda državna pomoč vključena v nakup premoženja družbe Sementsverksmiðjan hf.
for the price of ISK 450 million if this price did not correspond to their market value.
[19], ki ga je izvedla Državna zakladnica Islandije za ceno 450 milijonov ISK, če ta cena ni bila v skladu z njegovo tržno vrednostjo.
The right of Sementsverksmiðjan hf. to keep part of the assets and repurchase them at a fixed price.
Pravica družbe Sementsverksmiðjan hf., da zadrži del premoženja in ga ponovno odkupi po fiksni ceni