natgillin/translations-raw huggingface dataset:
These decisions have been taken to promote the ongoing decline in money market term rates , to encourage banks to maintain and expand their lending to clients , to help to improve market liquidity in important segments of the private debt security market , and to ease funding conditions for banks and enterprises .
Namen teh ukrepov je prispevati k nadaljnjemu zniževanju dolgoročnejših obrestnih mer denarnega trga , spodbuditi banke , da kreditiranje svojih komitentov ohranijo na sedanji ravni ali ga povečajo , izboljšati likvidnostne razmere na trgu v pomembnih segmentih trga zasebnih dolžniških vrednostnih papirjev ter izboljšati pogoje financiranja za banke in podjetja .
The decisions take into account the expectation that price developments will continue to be dampened by the substantial past fall in commodity prices and the marked weakening of economic activity in the euro area and globally .
Sprejete odločitve temeljijo na pričakovanju , da bodo cenovna gibanja zaradi velikega znižanja cen surovin v preteklosti in izrazite upočasnitve gospodarske aktivnosti v euroobmočju in po svetu ostala oslabljena .
The latest economic data and survey information suggest tentative signs of a stabilisation at very low levels , after a first quarter which was significantly weaker than expected .
Potem ko je bilo prvo četrtletje bistveno slabše , kot je bilo pričakovano , se v najnovejših ekonomskih podatkih in anketnih rezultatih zdaj pojavljajo negotovi znaki stabilizacije razmer na zelo nizki ravni .
The world economy , including the euro area , is still undergoing a severe downturn , with the prospect of both external and domestic demand remaining very weak over 2009 before gradually recovering in the course of 2010 .
Svetovno gospodarstvo , vključno z euroobmočjem , še vedno preživlja hudo recesijo in kot kaže , bo tako zunanje kot domače povpraševanje v letu 2009 ostalo zelo šibko , nato pa naj bi tekom leta 2010 postopno okrevalo .
This assessment incorporates a number of adverse developments which are likely to materialise over the coming months , such as a further deterioration in labour markets .
Ta ocena upošteva vrsto neugodnih gibanj , ki se lahko razvijejo v prihodnjih mesecih , med drugim npr . nadaljnje poslabšanje razmer na trgu dela .
At the same time , available indicators of inflation expectations over the medium to longer term remain firmly anchored in line with the Governing Council 's aim of keeping inflation rates at levels below , but close to , 2 % over the medium term .
Obenem ostajajo razpoložljivi kazalniki inflacijskih pričakovanj v srednjeročnem in dolgoročnejšem obdobju trdno zasidrani na ravni , ki je skladna s ciljem Sveta ECB , da inflacijo na srednji rok ohranja pod 2 %, vendar blizu te meje .
The outcome of the monetary analysis confirms that inflationary pressure has been diminishing , as money and credit growth have further decelerated in recent months .
Denarna analiza potrjuje , da inflacijski pritiski izginjajo , saj se je rast denarja in kreditov v zadnjih mesecih še dodatno upočasnila .
Against the background of these developments , after its decisions on 7 May the Governing Council expects price stability to be maintained over the medium term , thereby supporting the purchasing power of euro area households .
Na tej osnovi Svet ECB pričakuje , da bo po sklepih , sprejetih 7 . maja , cenovna stabilnost na srednji rok ohranjena in bo tako podpirala kupno moč gospodinjstev euroobmočja .
With regard to the economic analysis , reflecting the impact of the financial market turmoil , economic activity continued to weaken in the euro area in the course of the first quarter of 2009 , in parallel with the ongoing downturn in the world economy .
Kot kaže ekonomska analiza , se je v prvem četrtletju leta 2009 zaradi posledic pretresov na finančnih trgih vzporedno z upadanjem svetovnega gospodarstva še naprej upočasnjevala tudi gospodarska aktivnost v euroobmočju .
This weakening in the first quarter appears to have been significantly more pronounced than projected in March .
Kot kaže , je bila upočasnitev v prvem četrtletju bistveno bolj izrazita , kot je bilo napovedano v marcu .
More recently , there have been tentative signs in survey data of a stabilisation , albeit at very low levels .
Vseeno so se v zadnjem času v anketnih podatkih pojavili določeni negotovi znaki stabilizacije , čeprav na zelo nizki ravni .
Overall , economic activity is likely to be very weak for the remainder of this year , before gradually recovering in the course of 2010 .
Gledano v celoti bo gospodarska aktivnost ostanek leta verjetno ostala zelo šibka , nato pa naj bi tekom leta 2010 postopno okrevala .
In particular , the substantial fall in commodity prices since the summer of 2008 is supporting real disposable income and thus consumption .
Predvsem je pomembno , da močno znižanje cen surovin od poletja 2008 podpira realni razpoložljivi dohodek in s tem potrošnjo .
In addition , external as well as domestic demand should increasingly benefit from the effects of the significant macroeconomic stimulus under way as well as from the measures taken so far to restore the functioning of the financial system both inside and outside the euro area .
Poleg tega bo tako zunanje kot tudi domače povpraševanje predvidoma vse močneje čutilo pozitivne učinke sedanjih obsežnih makroekonomskih spodbud ter ukrepov , ki so bili doslej sprejeti za obnovitev delovanja finančnega sistema tako znotraj kot zunaj euroobmočja .
Taking all these measures and their effects into account , as well as the pronouncedly negative growth in the first quarter of this year and the most recently published forecasts by public institutions , the risks to this outlook remain broadly balanced .
Glede na vse sprejete ukrepe in njihove učinke ter upoštevajoč izrazito negativno rast v prvem četrtletju tega leta in najnovejše napovedi javnih institucij so tveganja v gospodarskih obetih še naprej široko uravnotežena .
On the downside , there are concerns that the turmoil in financial markets could have a stronger impact on the real economy , as well as that protectionist pressures could intensify and that there could be adverse developments in the world economy stemming from a disorderly correction of global imbalances .
Med tveganji za dodatno upočasnitev gospodarske rasti sta glavna dejavnika strah , da bi pretresi na finančnih trgih lahko močneje prizadeli realno gospodarstvo , ter zaskrbljenost glede možnega stopnjevanja protekcionističnih pritiskov in negativnih gibanj v svetovnem gospodarstvu zaradi neobvladljivih popravkov svetovnih neravnovesij .
At the same time , there may be stronger than anticipated positive effects due to the decrease in commodity prices and to the policy measures taken .
Po drugi strani lahko pride do nepričakovano močnih pozitivnih učinkov zaradi padca cen surovin in sprejetih ukrepov politik .
Annual HICP inflation was , according to Eurostat 's flash estimate , 0.6% in April , unchanged from March .
Medletna inflacija je bila aprila po Eurostatovi prvi oceni enaka kot marca , in sicer 0,6% .
The decline in inflation since last summer primarily reflects the sharp fall in global commodity prices over this period .
Glavni razlog za zniževanje inflacije od lanskega poletja dalje je strm padec svetovnih cen primarnih surovin v tem obdobju .
Moreover , signs of a more broad-based reduction in inflationary pressure are increasingly emerging .
Obenem se pojavlja tudi vedno več znakov , ki kažejo na splošnejše zmanjševanje inflacijskih pritiskov .
Looking ahead , base effects stemming from past energy price movements will play a significant role in the shorter-term dynamics of the HICP .
V prihodnjem obdobju bodo precejšnjo vlogo v kratkoročni dinamiki indeksa HICP igrali bazni učinki , ki izvirajo iz preteklih gibanj cen energentov .
Accordingly , the Governing Council expects to see headline annual inflation rates declining further and temporarily remaining at negative levels for some months around mid-year . Thereafter , annual inflation rates are expected to increase again .
Na tej osnovi Svet ECB pričakuje , da bo skupna medletna inflacija še naprej padala in se sredi leta za nekaj mesecev začasno spustila v negativno območje , nato pa bo začela ponovno naraščati .
Such short-term dynamics are , however , not relevant from a monetary policy perspective .
Vendar pa takšna kratkoročna gibanja s stališča denarne politike niso pomembna .
Looking further ahead , HICP inflation is likely to remain positive and below 2 % in 2010 , with price developments being dampened by ongoing sluggish demand in the euro area and elsewhere .
Na daljši rok bo inflacija po indeksu HICP v letu 2010 verjetno ostala pozitivna in pod 2 %, saj bo rast cen še vedno zaviralo šibko povpraševanje v euroobmočju in drugod .
They relate in particular to the risks to the outlook for economic activity as well as to risks to commodity prices .
Obsegajo predvsem tveganja glede prihodnje gospodarske aktivnosti , pa tudi tveganja v zvezi s cenami primarnih surovin .
Turning to the monetary analysis , the latest data confirm the continued deceleration in the pace of underlying monetary expansion .
V denarni analizi najnovejši podatki potrjujejo , da se denarna rast še naprej upočasnjuje .
This is signalled , for instance , by the concurrent further declines in the annual growth rates of M3 to 5.1% and of loans to the private sector to 3.2% .
razvidno iz več zaporednih upočasnitev medletne rasti denarnega agregata M3 na 5,1% in rasti posojil zasebnemu sektorju na 3,2% .
The deceleration supports the assessment of diminishing inflationary pressures in the medium term .
Ta upočasnitev potrjuje oceno , da se inflacijski pritiski v srednjeročnem obdobju zmanjšujejo .
Month-on-month developments in M3 and its components have remained volatile , with data for March showing a contraction in most of the respective outstanding amounts .
Medmesečna dinamika agregata M3 in njegovih komponent je ostala volatilna , pri čemer podatki za marec kažejo na krčenje obsega v večini komponent .
This may partly reflect market participants » investment responses to the past reduction in the key ECB interest rates , which has reduced the remuneration of short-term deposits and marketable instruments and fostered corresponding shifts in the allocation of funds not only within M3 but also to instruments outside M3 .
Ta gibanja lahko deloma odražajo investicijske odzive tržnih udeležencev na pretekla znižanja ključnih obrestnih mer ECB , zaradi katerih se je znižalo obrestovanje kratkoročnih vlog in tržnih instrumentov , hkrati pa so se okrepili ustrezni premiki sredstev ne samo znotraj agregata M3 , ampak tudi k instrumentom zunaj tega agregata .
The outstanding amount of MFI loans to the private sector contracted further in March , reflecting mainly a negative flow of lending to non-financial corporations .
Obseg posojil MFI zasebnemu sektorju se je marca še dodatno skrčil , k čemur je največ prispeval negativen tok posojil nefinančnim družbam .
The reduced amount of financing is again related mainly to loans with shorter maturities , while the net flow of loans with longer maturities remained positive .
Manjši obseg financiranja je ponovno povezan predvsem s posojili s krajšimi roki zapadlosti , medtem ko je neto tok posojil z daljšimi roki zapadlosti ostal pozitiven .
The decline in short-term lending is likely to reflect to a large extent lower demand in the wake of a sharp deterioration in economic activity and business prospects at the start of the year .
Zmanjšanje obsega kratkoročnih posojil je verjetno v veliki meri povzročilo nižje povpraševanje zaradi močne upočasnitve gospodarske aktivnosti in hitrega poslabšanja poslovnih obetov na začetku leta .
Interest rates on short-term and floating rate bank loans to households and non-financial corporations have declined significantly over recent months , indicating that the transmission of monetary policy impulses to the economy continues .
Obrestne mere za kratkoročna bančna posojila in posojila s spremenljivo obrestno mero gospodinjstvom in nefinančnim družbam so se v zadnjih mesecih še nadalje znižale , kar kaže , da se prenos spodbud denarne politike v gospodarstvo nadaljuje .
Overall , the latest money and credit data support the assessment that both banks and money-holding sectors are reducing their highly leveraged positions built up in past years .
Gledano v celoti najnovejši podatki o denarju in kreditih potrjujejo oceno , da tako banke kot nedenarni sektor zmanjšujejo svojo zadolženost z visoke ravni , ki so jo dosegli v minulih letih .
To sum up , the Governing Council 's decisions on 7 May take into account the expectation that price developments will continue to be dampened by the substantial past fall in commodity prices and the marked weakening of economic activity in the euro area and globally .
Če povzamemo , odločitve Sveta ECB z dne 7 . maja temeljijo na pričakovanju , da bodo cenovna gibanja zaradi velikega znižanja cen surovin v preteklosti in občutne upočasnitve gospodarske aktivnosti v euroobmočju in po svetu ostala oslabljena .
A cross-check with the outcome of the monetary analysis confirms that inflationary pressure has been diminishing , as money and credit growth have further decelerated in recent months .
Navzkrižna primerjava z denarno analizo potrjuje , da inflacijski pritiski izginjajo , saj se je rast denarja in kreditov v zadnjih mesecih še dodatno upočasnila .
All in all , since the intensification of the financial crisis in September 2008 , the Eurosystem has taken a series of measures that are unprecedented in nature , scope and timing .
Od zaostritve finančne krize v septembru 2008 je Eurosistem sprejel vrsto ukrepov , ki so po svoji naravi , obsegu in hitrosti odziva brez primere v zgodovini .
As a consequence , there has been a clear decline in key money market interest rates that euro area banks typically use as benchmarks to reset floating rate loans and price new short-term loans .
Zaradi teh ukrepov so se občutno zmanjšale ključne obrestne mere denarnega trga , ki jih banke euroobmočja navadno uporabljajo kot primerjalno vrednost pri prilagajanju posojil s spremenljivo obrestno mero in določanju obrestnih mer za nova kratkoročna posojila .
This in turn has led to sharp declines in rates for such loans to households and non-financial corporations .
Zaradi tega so se po drugi strani močno zmanjšale obrestne mere za tovrstna posojila gospodinjstvom in finančnim družbam .
As the transmission of monetary policy works with lags , the Governing Council 's policy action will progressively feed through to the economy in full .
Ker transmisija denarne politike deluje z zamikom , se bodo ukrepi denarne politike ECB postopno v celoti prelili v gospodarstvo .
Hence , with all the measures taken , monetary policy has provided ongoing support for households and corporations .
To pomeni , da z vsemi sprejetimi ukrepi denarna politika še naprej nudi oporo gospodinjstvom in gospodarskim družbam .
The Governing Council will ensure that , once the macroeconomic environment improves , the measures taken can be quickly unwound and the liquidity provided absorbed so that any threat to price stability over the medium to longer term can be effectively countered in a timely fashion .
Svet ECB bo poskrbel za to , da bo potem , ko se bo makroekonomsko okolje izboljšalo , sprejete ukrepe mogoče hitro odpraviti , zagotovljeno likvidnost pa hitro umakniti , tako da bo vsakršno tveganje za cenovno stabilnost na srednji ali daljši rok mogoče pravočasno in učinkovito preprečiti .
Regarding fiscal policies , the latest projections for euro area countries point to continued revisions to budget balance estimates and forecasts .
Na področju javnofinančnih politik zadnje projekcije za države euroobmočja kažejo na nove popravke ocen in napovedi glede proračunskega stanja .
Higher budget deficits and the fiscal impact of financial sector support measures will lead to significantly higher government debt-to-GDP ratios .
Zaradi večjega proračunskega primanjkljaja in vpliva ukrepov za podporo finančnemu sektorju na javne finance se bo bistveno povečala stopnja javnega dolga .
In addition , updated projections by the European Commission and the Economic Policy Committee under a mandate from the ECOFIN Council show that most countries face a challenging task in dealing with the budgetary costs of an ageing population .
Poleg tega posodobljene projekcije Evropske komisije in Odbora za ekonomsko politiko po pooblastilu Ekonomsko-finančnega sveta kažejo , da se bo večina držav morala spoprijeti z zahtevno nalogo obravnave proračunskih stroškov , ki jih prinaša staranje prebivalstva .
Therefore , it is paramount that countries make a strong and credible commitment to a path of consolidation in order to return to sound fiscal positions , respecting fully the provisions of the Stability and Growth Pact .
Zato je na področju javnofinančnih politik nujno , da se države odločno in prepričljivo zavežejo , da si bodo prizadevale za proračunsko konsolidacijo in ponovno vzpostavitev zdravih javnih financ in da bodo pri tem dosledno spoštovale določila Pakta za stabilnost in rast .
This will preserve the public 's trust in the sustainability of public finances and will support both the recovery and long-term economic growth .
S tem bodo ohranile zaupanje javnosti v vzdržnost javnih financ in prispevale tako h gospodarskemu okrevanju kot tudi k dolgoročni gospodarski rasti .
The credibility of fiscal consolidation commitments will be strengthened if they are part of national policy frameworks oriented to the medium term .
Prizadevanja za javnofinančno konsolidacijo bodo še prepričljivejša , če bodo vključena v nacionalni okvir politik , ki je usmerjen na srednjeročno obdobje .
Turning to structural policies , it is crucial that the focus is now on strengthening the adjustment capacity and flexibility of the euro area economy in line with the principle of an open market economy .
Na področju strukturnih politik je pozornost zdaj treba nujno posvetiti povečevanju sposobnosti prilagajanja in prožnosti gospodarstva euroobmočja v skladu z načelom odprtega tržnega gospodarstva .
This calls for an accelerated implementation of labour market reforms to facilitate appropriate wage-setting and labour mobility across sectors and regions as well as product market reforms to foster competition and speed up restructuring .
Za to je treba pospešiti izvajanje reform na trgu dela , ki naj omogočijo ustrezno oblikovanje plač in mobilnost delavcev med panogami in regijami , pa tudi reforme na trgu proizvodov , s katerimi se bo okrepila konkurenca in pospešilo prestrukturiranje .
The first article discusses the pivotal role of expectations , in particular well-anchored long-term inflation expectations , in monetary policy-making .
Prvi obravnava osrednjo vlogo pričakovanj , še zlasti trdno zasidranih dolgoročnih inflacijskih pričakovanj , pri oblikovanju denarne politike .
The second article describes the key institutional and economic features of the 12 countries that joined the EU in May 2004 or January 2007 , putting developments since EU accession into perspective .
Drugi opisuje ključne institucionalne in gospodarske značilnosti 12 držav , ki so se EU pridružile maja 2004 oz . januarja 2007 , in v tej luči obravnava njihov razvoj od vstopa v EU .
The third article reviews the main developments and policy issues relating to the regulatory treatment of credit rating agencies . back to top
Tretji članek pa obravnava glavna dogajanja in politična vprašanja v zvezi z regulativno obravnavo bonitetnih agencij .
DECISIONS DECISION OF THE EUROPEAN CENTRAL BANK of 10 December 2009 on the approval of the volume of coin issuance in 2010 ( ECB / 2009/25 ) ( 2010/14 / EU ) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK , ( EUR million ) Issuance of coins intended for circu ­ lation and issuance of collector coins ( not intended for circulation ) in 2010
SKLEPI SKLEP EVROPSKE CENTRALNE BANKE z dne 10 . decembra 2009 o odobritvi obsega izdaje kovancev v letu 2010 ( ECB / 2009/25 ) ( 2010/14 / EU ) SVET EVROPSKE CENTRALNE BANKE JE -- ( v milijonih EUR ) Izdaja kovancev , namenjenih za obtok , in izdaja zbirateljskih kovancev ( niso namenjeni za obtok ) v letu 2010
Having regard to the Treaty on the Functioning of the European Union , and in particular Article 128 ( 2 ) thereof ,
ob upoštevanju Pogodbe o delovanju Evropske unije in zlasti člena 128 ( 2 ) Pogodbe ,
Belgium Germany Ireland Greece Spain France Italy Cyprus Luxembourg Malta Netherlands Austria Portugal
Belgija Nemčija Irska Grčija Španija Francija Italija Ciper Luksemburg Malta Nizozemska Avstrija Portugalska
The participating Member States have submitted to the ECB for approval their estimates of the volume of euro coins to be issued in 2010 , supplemented by explanatory notes on the forecasting methodology ,
Sodelujoče države članice so ECB v odobritev predložile svoje ocene glede obsega izdaje eurokovancev v letu 2010 , dopolnjene s pojasnili o metodologiji napovedo ­ vanja --
Slovenia Slovakia Finland
Slovenija Slovaška Finska
Article 2 Final provision This Decision is addressed to the participating Member States .
Člen 2 Končna določba Ta sklep je naslovljen na sodelujoče države članice .
Article 1 Approval of the volume of euro coins to be issued in 2010 The ECB hereby approves the volume of euro coins to be issued by the participating Member States in 2010 as described in the following table : Done at Frankfurt am Main , 10 December 2009 .
Odobritev obsega izdaje eurokovancev v letu 2010 ECB s tem sklepom odobri obseg izdaje eurokovancev s strani sodelujočih držav članic v letu 2010 , kot je prikazano v naslednji tabeli : V Frankfurtu na Majni , 10 .
EUROPEAN CENTRAL BANK DECISION OF THE EUROPEAN CENTRAL BANK of 23 November 2007 on the approval of the volume of coin issuance in 2008 ( ECB / 2007/16 ) ( 2007/790 / EC ) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK ,
EVROPSKA CENTRALNA BANKA ODLOČBA EVROPSKE CENTRALNE BANKE z dne 23 . novembra 2007 o odobritvi obsega izdaje kovancev v letu 2008 ( ECB / 2007/16 ) ( 2007/790 / ES ) SVET EVROPSKE CENTRALNE BANKE JE --
Having regard to the Treaty establishing the European Community , and in particular to Article 106 ( 2 ) thereof , Having regard to Article 1 of Council Decision 2007/503 / EC of 10 July 2007 in accordance with Article 122 ( 2 ) of the Treaty on the adoption by Cyprus of the single currency on 1 January 2008 ( 1 ) , Having regard to Article 1 of Council Decision 2007/504 / EC of 10 July 2007 in accordance with Article 122 ( 2 ) of the Treaty on the adoption by Malta of the single currency on 1 January 2008 ( 2 ) , Whereas : ( 1 )
ob upoštevanju Pogodbe o ustanovitvi Evropske skupnosti in zlasti člena 106 ( 2 ) Pogodbe , ob upoštevanju člena 1 Odločbe Sveta 2007/503 / ES z dne 10 . julija 2007 v skladu s členom 122 ( 2 ) Pogodbe o uvedbi enotne valute na Cipru 1 .
The European Central Bank ( ECB ) has the exclusive right from 1 January 1999 to approve the volume of coins issued by the Member States that have adopted the euro ( hereinafter the participating Member States ) .
Evropska centralna banka ( ECB ) ima od 1 . januarja 1999 izključno pravico , da odobri količino kovancev , ki jih izdajo države članice , ki so sprejele euro ( v nadaljevanju : „sodelujoče države članice ") .
The derogation in favour of Cyprus and Malta referred to in Article 4 of the 2003 Act of Accession has been abrogated with effect from 1 January 2008 .
Odstopanje v korist Cipra in Malte iz člena 4 Akta o pristopu iz leta 2003 se razveljavi z učinkom od 1 . januarja 2008 .
The 13 current participating Member States , Cyprus and Malta have submitted to the ECB for approval their estimates of the volume of euro coins to be issued in 2008 , supplemented by explanatory notes on the forecasting methodology ,
Sedanjih trinajst sodelujočih držav članic , Ciper in Malta so ECB v odobritev predložile svoje ocene glede obsega izdaje eurokovancev v letu 2008 , dopolnjene s pojasnili o metodologiji napovedovanja --
HAS DECIDED AS FOLLOWS :
SPREJEL NASLEDNJO ODLOČBO :