natgillin/translations-raw huggingface dataset:
On the basis of the foregoing assessment, the Authority considers that the scheme for temporary recapitalisation of fundamentally sound banks in order to foster financial stability and lending to the real economy which the Norwegian authorities are planning to implement is compatible with the functioning of the EEA Agreement within the meaning of Article 61 EEA, read in conjunction with the Recapitalisation Guidelines.
Na podlagi navedene ocene Nadzorni organ meni, da je shema začasne dokapitalizacije načeloma zdravih bank za spodbujanje finančne stabilnosti in posojil realnemu gospodarstvu, ki jo nameravajo norveški organi izvesti, v skladu z delovanjem Sporazuma EGP v smislu člena 61 EGP, ki se razlaga skupaj s Smernicami o dokapitalizaciji.
The Norwegian authorities are reminded of the obligation resulting from Article 21 of Part II of Protocol 3, read in conjunction with Article 6 of Decision No 195/04/COL, to provide annual reports on the implementation of the scheme.
Norveške organe je treba opozoriti na obveznost iz člena 21 dela II Protokola 3, ki se razlaga skupaj s členom 6 Odločbe št. 195/04/COL, da se zagotovijo letna poročila o izvajanju sheme.
The Norwegian authorities are also reminded that all plans to modify this scheme must be notified to the Authority,
Norveške organe se opozori tudi, da je treba vse načrte za spremembo te sheme priglasiti Nadzornemu organu –
The EFTA Surveillance Authority has decided not to raise objections to the scheme for temporary recapitalisation of fundamentally sound banks in order to foster financial stability and lending to the real economy on the basis of Article 61 EEA, read in conjunction with the Recapitalisation Guidelines.
Nadzorni organ Efte je sklenil, da ne bo nasprotoval shemi začasne dokapitalizacije načeloma zdravih bank za spodbujanje finančne stabilnosti in posojil realnemu gospodarstvu na podlagi člena 61 EGP, ki se razlaga skupaj s Smernicami o dokapitalizaciji.
Guidelines on the application and interpretation of Articles 61 and 62 of the EEA Agreement and Article 1 of Protocol 3 to the Surveillance and Court Agreement, adopted and issued by the Authority on 19 January 1994, published in the Official Journal of the European Union (hereinafter referred to as ‘OJ’) L 231, 3.9.1994, p. 1 , and EEA Supplement No 32, 3.9.1994, p. 1.
Smernice o uporabi in razlagi členov 61 in 62 Sporazuma EGP ter člena 1 Protokola 3 k Sporazumu o nadzornem organu in sodišču, ki jih je sprejel in izdal Nadzorni organ 19. januarja 1994 ter ki so objavljene v Uradnem listu Evropske unije (v nadaljnjem besedilu: UL) L 231, 3.9.1994, str. 1, in v Dopolnilu EGP št. 32, 3.9.1994, str. 1.
Hereinafter referred to as ‘the Recapitalisation Guidelines’.
V nadaljnjem besedilu: Smernice o dokapitalizaciji.
Decision No 195/04/COL of 14 July 2004, published in OJ L 139, 25.5.2006, p. 37, and EEA Supplement No 26, 25.5.2006, p. 1, as amended by Decision No 319/05/COL of 14 December 2005, published in OJ C 286, 23.11.2006, p. 9, and EEA Supplement No 57, 23.11.2006, p. 31.
Odločba št. 195/04/COL z dne 14. julija 2004, objavljena v UL L 139, 25.5.2006, str. 37, in Dopolnilu EGP št. 26, 25.5.2006, str. 1, kakor je bila spremenjena z Odločbo št. 319/05/COL z dne 14. decembra 2005, objavljeno v UL C 286, 23.11.2006, str. 9, in Dopolnilu EGP št. 57, 23.11.2006, str. 31.
Hereinafter referred to as ‘the recapitalisation scheme’.
V nadaljnjem besedilu: shema dokapitalizacije.
At the end of 2008, there were 121 Norwegian savings banks and 18 Norwegian commercial banks.
Konec leta 2008 je obstajalo 121 norveških hranilnic in 18 norveških poslovnih bank.
Approximately 77 % of Norwegian banks had core capital ratios above 12 %.
Približno 77 % norveških bank je imelo deleže temeljnega kapitala nad 12 %.
These were however mainly smaller savings banks, and represented only about 11 % of total bank assets.
Vendar so bile te predvsem manjše hranilnice in so predstavljale le približno 11 % skupnih bančnih sredstev.
On the other hand, a very limited number of banks had a core capital ratio below 7 %.
Na drugi strani je imelo zelo majhno število bank delež temeljnega kapitala pod 7 %.
Tier 1 capital is the core measure of a bank’s financial strength from a regulator’s point of view.
S stališča zakonodajalca je kapital prvega reda temeljni ukrep za finančno moč banke.
It is composed of core capital, which consists primarily of common stock and disclosed reserves (or retained earnings), but may also include irredeemable non-cumulative preferred stock.
Sestavlja ga temeljni kapital, ki vključuje predvsem navadne delnice in razkrite rezerve (ali zadržani dobiček), lahko pa vključuje tudi neodkupljive nekumulativne prednostne delnice.
Hereinafter referred to as ‘the Fund’.
V nadaljnjem besedilu: Sklad.
The term ‘Norwegian banks’ includes Norwegian banks owned by foreign banks, but excludes branches in Norway of foreign banks, other credit institutions than banks and other types of financial institutions.
Izraz „norveške banke“ vključuje norveške banke v lasti tujih bank, izključuje pa poslovalnice tujih bank na Norveškem, druge kreditne institucije, ki niso banke, in druge vrste finančnih institucij.
Hereinafter referred to as ‘the Regulation’.
V nadaljnjem besedilu: Uredba.
Section 2 of the Regulation.
Oddelek 2 Uredbe.
Section 10 of the Regulation.
Oddelek 10 Uredbe.
This implies that a number of criteria such as core capital ratio, total return, composition and credit quality of the lending portfolio, deposit to loan ratio, losses and risk exposure (credit risk, liquidity risk, market risk and operational risk) will be assessed.
To pomeni, da se bodo ocenila številna merila, kot so delež temeljnega kapitala, skupen donos, sestava in boniteta portfelja posojil, depozit za delež posojil, izgube in izpostavljenost tveganjem (kreditno tveganje, likvidnostno tveganje, tržno tveganje in operativno tveganje).
The Fund, or experts hired by the Fund, may use ratings provided by the largest banks operating in Norway, e.g. the credit analysis by DnB NOR (Norway’s largest financial services group), as a starting point for determining the appropriate risk class.
Kot izhodišče za ugotavljanje ustreznega razreda tveganja lahko Sklad ali strokovnjaki, ki jih Sklad najame, uporabijo bonitetne ocene največjih bank, ki delujejo na Norveškem, npr. kreditno analizo DnB NOR (največja norveška skupina za finančne storitve).
Hereinafter referred to as ‘the ECB’.
V nadaljnjem besedilu: ECB.
Hereinafter referred to as ‘the ECB Recommendation’.
V nadaljnjem besedilu: priporočilo ECB.
Based on the yield of 6-month government certificates purchased in the forward market.
Na podlagi donosa 6-mesečnih državnih certifikatov, kupljenih na terminskem trgu.
Section 11 of the Regulation.
Oddelek 11 Uredbe.
The Norwegian authorities have calculated this figure based on the sum of all spreads on regular senior bank bonds in relation to government bonds and the CDS spreads for subordinated loans relative to senior bank bonds.
Norveški organi so ta podatek izračunali na podlagi vsote vseh razmikov za redne prednostne bančne obveznice v razmerju do državnih obveznic in razmikov kreditnih zamenjav za podrejena posojila glede na prednostne bančne obveznice.
In contrast, within the euro zone, the ECB has estimated the median of all A CDS subordinated debt spreads at 73 basis points.
Nasprotno je ECB v euroobmočju ocenila, da je v euroobmočju srednja vrednost vseh podrejenih dolgov za razmike kreditnih zamenjav A 73 bazičnih točk.
Section 12 of the Regulation.
Oddelek 12 Uredbe.
Section 13 of the Regulation.
Oddelek 13 Uredbe.
If the conversion rate were to be fixed as the average of the initial market price and the market price at conversion, the upside for the Fund should be secured through a corresponding increase in redemption value, providing for symmetry between downside risk and potential gain.
Če se stopnja pretvorbe določi kot povprečje začetne tržne cene, tržna cena pa ob pretvorbi, je treba dobiček za Sklad zagotoviti z ustreznim povišanjem odkupne vrednosti, pri čemer se zagotovi sorazmernost med tveganjem izgube in morebitnim dobičkom.
If the conversion rate were to be fixed at the market price at the time of conversion, the Fund would not participate in losses in share value before conversion.
Če se stopnja pretvorbe določi po tržni ceni v času pretvorbe, Sklad ne bo udeležen pri izgubah vrednosti delnic pred pretvorbo.
In such a case the upside for the Fund should also be more limited.
V takem primeru mora biti dobiček za Sklad tudi bolj omejen.
Section 8 of the Regulation.
Oddelek 8 Uredbe.
Paragraphs 4 and 5 of the Recapitalisation Guidelines.
Odstavka 4 in 5 Smernic o dokapitalizaciji.
Paragraph 11 of the Recapitalisation Guidelines.
Odstavek 11 Smernic o dokapitalizaciji.
Case C-390/06 Nuova Agricast v Ministero delle Attività Produttive, judgment of 15 April 2008 (not yet reported), paragraph 68.
Zadeva C-390/06 Nuova Agricast proti Ministero delle Attività Produttive, sodba z dne 15. aprila 2008 (poročilo še ni na voljo), odstavek 68.
The Court held that ‘[a]s it is clear from Case 730/79 […] aid which improves the financial situation of the recipient undertaking without being necessary for the attainment of the objectives specified in Article 87(3) EC cannot be considered compatible with the common market.’
Sodišče je odločilo, da se „pomoč za izboljšanje finančnega položaja upravičenega podjetja, ne da bi bila nujna za izpolnitev ciljev iz člena 87(3) ES, ne more šteti za združljivo s skupnim trgom, kot izhaja iz sodbe 730/79 […].“
Paragraph 12 of the Recapitalisation Guidelines.
Odstavek 12 Smernic o dokapitalizaciji.
Since banks with a capital ratio below 6 % will generally not be eligible under the scheme, the maximum increase for banks in this category will be 4 percentage points.
Ker banke z deležem kapitala pod 6 % na splošno ne bodo upravičene do te sheme, bo za banke v tej kategoriji možno povečanje za največ 4 odstotne točke.
As mentioned in footnote 9 above, there are very few banks with a core capital level below 7 %.
Kot je navedeno v opombi 9 zgoraj, je zelo malo bank, ki imajo stopnjo temeljnega kapitala nižjo od 7 %.
Paragraph 19 of the Recapitalisation Guidelines.
Odstavek 19 Smernic o dokapitalizaciji.
Paragraph 23 of the Recapitalisation Guidelines.
Odstavek 23 Smernic o dokapitalizaciji.
Paragraph 30 of the Recapitalisation Guidelines.
Odstavek 30 Smernic o dokapitalizaciji.
This is defined in the ECB Recommendation as follows: ‘the sum of (i) average yield on the EMU benchmark 5-year bond over the 20 business days prior to the capital injection, and (ii) the average sovereign yield spread for the country of domicile of the financial institution over the reference period 1 January 2007 through 31 August 2008’.
To je v priporočilu ECB opredeljeno, kot sledi: „vsota (i) povprečnega donosa na petletne obveznice GDU v 20 delovnih dneh pred kapitalskim vložkom in (ii) razpona državnega donosa za državo, v kateri je sedež finančne institucije, v referenčnem obdobju od 1. januarja 2007 do 31. avgusta 2008“.
Paragraph 39 of the Recapitalisation Guidelines.
Odstavek 39 Smernic o dokapitalizaciji.
The deadline for submitting applications to the Fund will be set 6 weeks prior to the expiry of that 6-month period in order to give the Fund time to conclude an agreement with the applicant bank before the window closes in November 2009.
Rok za predložitev vlog Skladu bo določen 6 tednov pred iztekom tega šestmesečnega obdobja, da se Skladu zagotovi dovolj časa za sklenitev sporazuma z banko prosilko pred koncem obdobja novembra 2009.
Within this time period, the Norwegian authorities will also evaluate whether the measure would be needed for a longer period, in which case the scheme will be re-notified.
V tem časovnem obdobju bodo norveški organi ocenili tudi, ali bo ukrep potreben za daljše obdobje, v tem primeru pa bo treba shemo ponovno priglasiti.
The test, according to Section 2 of the Regulation, is that ‘the bank meets the Tier 1 capital ratio requirement with a good margin, also when likely developments in the near future are taken into consideration’.
V skladu z oddelkom 2 Uredbe test pomeni, da „banka izpolnjuje zahtevo po deležu kapitala prvega reda s precejšnjo rezervo, tudi kadar se upoštevajo mogoči razvojni dogodki v bližnji prihodnosti“.
According to the Norwegian authorities, the Financial Supervisory Authority will presume that this requirement is met if the bank in question has a core capital ratio at or above 6 %, i.e. 2 percentage points above the regulatory minimum requirement.
Po mnenju norveških organov bo finančni nadzorni organ domneval, da je ta zahteva izpolnjena, če ima zadevna banka delež temeljnega kapitala 6 % ali več, tj. 2 % odstotni točki nad predpisano minimalno zahtevo.
The notified scheme is based on the Norwegian government 5-year bond. However, the notified scheme also leaves applicant banks the option to tie remuneration to the 6-month government certificate.
Kljub temu imajo banke prosilke v okviru priglašene sheme možnost, da nadomestilo združijo s 6-mesečnim državnim certifikatom.
No 235/09/COL
št. 235/09/COL
on the Temporary Small Aid Scheme
o začasnem programu omejene pomoči
HAVING REGARD to the Authority’s Guidelines on the application and interpretation of Articles 61 and 62 of the EEA Agreement [5] and in particular Part VIII – Temporary rules regarding the financial crisis – Temporary Framework for State aid measures to support access to finance in the current financial and economic crisis [6], amended by the Authority’s Decision No 190/09/COL of 22 April 2009 [7],
OB UPOŠTEVANJU Smernic Nadzornega organa o uporabi in razlagi členov 61 in 62 Sporazuma EGP [5] ter zlasti dela VIII – Začasna pravila glede finančne krize – Začasni okvir za ukrepe državnih pomoči v podporo dostopu do financiranja ob trenutni finančni in gospodarski krizi [6], kakor je bil spremenjen z Odločbo Nadzornega organa 190/09/COL z dne 22. aprila 2009 [7],
HAVING REGARD to the Authority’s Decision No 195/04/COL of 14 July 2004 on the implementing provisions referred to under Article 27 of Part II of Protocol 3 of the Surveillance and Court Agreement [8],
OB UPOŠTEVANJU Odločbe Nadzornega organa št. 195/04/COL z dne 14. julija 2004 o izvedbenih določbah iz člena 27 dela II Protokola 3 k Sporazumu o ustanovitvi nadzornega organa in sodišča [8],
The Norwegian authorities notified the Temporary Small Aid Scheme, pursuant to Article 1(3) of Part I of Protocol 3, by letter of 2 April 2009 (Event No 514308).
Norveški organi so z dopisom z dne 2. aprila 2009 (ev. št. 514308) v skladu s členom 1(3) dela I Protokola 3 priglasili začasni program omejene pomoči.
The Norwegian authorities have indicated that the financial crisis has started affecting the real economy.
Norveški organi so navedli, da je finančna kriza začela vplivati na realno gospodarstvo.
The notified measure is a part of a wider package of measures [9] aimed at remedying a serious disturbance in the Norwegian economy.
Priglašeni ukrep je del obsežnejšega svežnja ukrepov [9], katerih cilj je odpravljanje resne motnje v norveškem gospodarstvu.
The notified scheme provides for the possibility to grant small amounts of aid to companies finding themselves facing a sudden shortage, or even unavailability of credit, thus contributing to remedy a serious disturbance in the Norwegian economy.
Priglašeni program zagotavlja možnost za dodelitev omejenih zneskov pomoči podjetjem, ki se soočajo z nenadnim pomanjkanjem ali celo nedostopnostjo kredita, s čimer prispeva k odpravi resne motnje v norveškem gospodarstvu.
The scheme is explicitly based on Article 61(3)(b) EEA, and relies on section 4.2 ‘Compatible limited amount of aid’ of the Temporary Framework.
Program temelji izrecno na členu 61(3)(b) Sporazuma EGP in oddelku 4.2 „Združljiva omejena raven pomoči“ Začasnega okvira.
The nature and form of the aid
Značilnosti in oblika pomoči
The aid will be provided in the form of transparent forms of aid, as defined by the General Block Exemption Regulation [10] Article 5, and in particular in the form of direct grants, reimbursable grants, interest rate subsidies and subsidised public loans with an aid element which is calculated on the basis of the Authority’s reference rate [11] applicable on the date of granting the aid, and public guarantees.The Guarantee scheme administered by Innovation Norway is normally employed in accordance with the Act referred to in Annex XV to the EEA Agreement on de minimis aid [12].
Pomoč bo zagotovljena v preglednih oblikah pomoči, kot je določeno v členu 5 Uredbe o splošnih skupinskih izjemah [10], ter zlasti v obliki neposrednih dotacij, povratnih sredstev, subvencioniranih obrestnih mer, subvencioniranih javnih posojil z elementom pomoči, ki je izračunan na podlagi referenčne obrestne mere Nadzornega organa [11] na dan dodelitve pomoči, in javnih jamstev.Jamstvena shema, ki jo upravlja organizacija Innovation Norway, se običajno uporablja v skladu z aktom iz Priloge XV k Sporazumu EGP o pomoči de minimis [12].
This implies i.a. that individual aid provided to undertakings which are not undertakings in difficulty are treated as transparent de minimis aid when the guaranteed part of the underlying loan provided under the scheme does not exceed EUR 1500000 per undertaking (EUR 750000 in the transport sector).
To med drugim pomeni, da se individualna pomoč za podjetja, ki niso podjetja v težavah, obravnava kot pregledna pomoč de minimis, kadar zajamčeni del posojila, zagotovljenega v okviru programa, ne presega 1500000 EUR na podjetje (750000 EUR v prometnem sektorju).
To calculate the aid element of public guarantees for loans exceeding EUR 1500000, and in line with the possibility foreseen by the last sentence of the footnote to point 4.3.2(a) of the Temporary Framework, the Norwegian authorities will use as a benchmark the safe-harbour premiums laid down in the Annex of the Temporary Framework.
Za izračun elementa pomoči javnih jamstev za posojila, ki presegajo 1500000 EUR, in skladno z možnostjo, ki je predvidena v zadnjem stavku opombe pod črto k točki 4.3.2(a) Začasnega okvira, bodo norveški organi kot merilo uspešnosti uporabili premije varnega pristana iz Priloge k Začasnemu okviru.
Irrespective of whether the guarantees are issued for the benefit of SMEs or large companies, the annual aid element resulting from the guarantee will be calculated as the difference between the safe harbour premium rates laid down in the Annex of the amended Temporary Framework and the annual premiums applied by the Norwegian authorities.
Ne glede na to, ali so jamstva izdana za mala in srednje velika podjetja ali velika podjetja, bo element letne pomoči, ki izhaja iz jamstva, izračunan kot razlika med obrestnimi merami premij varnega pristana iz Priloge k spremenjenemu Začasnemu okviru in letnimi premijami, ki jih uporabljajo norveški organi.
The legal basis for the scheme is St.prp. nr. 1 (2008–2009) for the Ministry of Trade and Industry, and a letter from the Ministry to Innovation Norway (‘Oppdragsbrev Innovasjon Norge’).
Pravna podlaga programa sta St. prp. št. 1 (2008–2009) za ministrstvo za trgovino in industrijo ter dopis ministrstva organizaciji Innovation Norway (Oppdragsbrev Innovasjon Norge).
The scheme will enter into force upon its approval by the Authority.
Program bo začel veljati, ko ga bo odobril Nadzorni organ.
The administration of the scheme
Upravljanje programa
The notified scheme will be administered by Innovation Norway.
Priglašeni program bo upravljala organizacija Innovation Norway.
The Norwegian authorities have indicated that it is not possible at this stage to provide an annual budget for the notified measure as the general budget for Innovation Norway was increased without identification of the appropriation dedicated to the notified scheme.
Norveški organi so navedli, da v tej fazi ni mogoče zagotoviti letnega proračuna za priglašeni ukrep, ker se je splošni proračun za organizacijo Innovation Norway povečal, ne da bi se določila odobrena proračunska sredstva za priglašeni program.
Aid under this scheme can be granted until 31 December 2010.
Pomoč v okviru tega programa se lahko dodeli do 31. decembra 2010.
The scheme applies to SMEs and large firms and covers the whole territory of Norway.
Program se uporablja za mala in srednje velika podjetja ter velika podjetja, pri čemer zajema ozemlje Norveške v celoti.
The Norwegian authorities confirm that no aid under this scheme will be granted to large firms which were, on 1 July 2008, firms in difficulty in the meaning of point 2.1 of the Authority’s State Aid Guidelines on rescuing and restructuring of firms in difficulty, nor to SMEs which were on that date firms in difficulties in the meaning of Article 1(7) of the General Block Exemption Regulation.
Norveški organi potrjujejo, da pomoč v okviru tega programa ne bo dodeljena velikim podjetjem, ki so bila 1. julija 2008 podjetja v težavah v smislu točke 2.1 Smernic Nadzornega organa o državni pomoči za reševanje in prestrukturiranje podjetij v težavah, ali mala in srednje velika podjetja, ki so bila na navedeni dan podjetja v težavah v smislu člena 1(7) Uredbe o splošnih skupinskih izjemah.
The scheme may be applied to firms that were not in difficulty on 1 July 2008, but entered into difficulty thereafter as a result of the global financial and economic crisis.
Program se lahko uporabi za podjetja, ki 1. julija 2008 niso bila v težavah, vendar so se težave pri njih pojavile po tem datumu zaradi svetovne finančne in gospodarske krize.
Sectoral scope, exclusion of export aid and aid favouring domestic over imported products
Uporaba na področju sektorjev, izključitev izvozne pomoči in pomoči, ki daje prednost domačim proizvodom pred uvoženimi
The Temporary Small Aid Scheme applies to all sectors, with the sectoral exclusions laid down in section 4.2.2, point 38(g) of the Temporary Framework.
Začasni program omejene pomoči se uporablja za vse sektorje razen sektorskih izjem iz točke 38(g) oddelka 4.2.2 Začasnega okvira.
Export aid and aid favouring domestic over imported goods and services are excluded (section 4.2.2(d) of the Temporary Framework).
Izključeni sta izvozna pomoč ter pomoč, ki daje prednost domačemu blagu in storitvam pred uvoženimi (oddelek 4.2.2(d) Začasnega okvira).
Basic elements of the scheme
Temeljni elementi programa
The Norwegian authorities confirm that the new scheme will comply fully with the conditions of section 4.2.2 of the Temporary Framework for granting small amounts of compatible aid.
Norveški organi potrjujejo, da bo novi program v celoti skladen s pogoji iz oddelka 4.2.2 Začasnega okvira za dodelitev omejenih zneskov združljive pomoči.
In particular;
Upoštevale se bodo zlasti naslednje zahteve:
the aid shall not exceed EUR 500000 gross (before any deduction of tax or other charge) per undertaking.
pomoč ne preseže 500000 EUR bruto (pred vsakim odbitkom davka ali druge dajatve) na podjetje.
Where aid is awarded in a form other than a grant, the aid amount shall be the gross grant equivalent of the aid;
Kadar se pomoč dodeli v obliki, ki ni dotacija, je znesek pomoči enak bruto ekvivalentu dotacije;
prior to granting the aid, Innovation Norway shall obtain from the undertakings concerned a declaration, in written or electronic form, about any other de minimis aid and aid pursuant to this measure received during the current fiscal year.
pred dodelitvijo pomoči pridobi organizacija Innovation Norway od zadevnih podjetij pisno izjavo ali izjavo v elektronski obliki o kakršni koli drugi pomoči de minimis in pomoči v skladu s tem ukrepom, ki so jo prejela v tekočem proračunskem letu.
Innovation Norway will check that the aid will not raise the total amount of aid received by the undertaking during the period 1 January 2008 to 31 December 2010 to a level above the ceiling of EUR 500000;
Organizacija Innovation Norway bo preverila, ali skupni znesek pomoči, ki jo bo podjetje prejelo v obdobju od 1. januarja 2008 do 31. decembra 2010, po dodelitvi pomoči ne presega zgornje meje 500000 EUR;
the aid will not be granted later than 31 December 2010;
pomoč se dodeli najpozneje 31. decembra 2010;