natgillin/translations-raw huggingface dataset:
Given the outlook for price developments and the dynamism of money and credit growth in the euro area , the Governing Council will continue to monitor closely all developments to ensure price stability over the medium and longer term .
Svet ECB bo glede na sedanje obete za cenovna gibanja in dinamiko rasti denarja in kreditov v euroobmočju še naprej pozorno spremljal vsa dogajanja in tako zagotavljal stabilnost cen v srednjeročnem in dolgoročnem obdobju .
Turning first to the economic analysis , all the main indicators of economic activity that have recently become available are positive .
Začnimo z ekonomsko analizo . Vsi glavni kazalniki gospodarske aktivnosti , ki so postali dostopni v zadnjem času , so pozitivni .
According to Eurostat 's first estimate , on a quarter-on-quarter basis , real GDP grew by 0.6% in the euro area in the first quarter of 2006 , compared with 0.3% in the previous quarter , with domestic demand making a significant contribution .
Po Eurostatovi prvi oceni se je realni BDP euroobmočja v prvem četrtletju leta 2006 v primerjavi s četrtletjem prej povečal za 0,6% ( v prejšnjem četrtletju 0,3% ) , k čemur je bistveno prispevalo domače povpraševanje .
The expected re-acceleration of real GDP growth in the first months of 2006 has thus materialised , confirming the Governing Council 's view that economic growth is broadening and becoming more sustained .
Pričakovanja , da se bo rast realnega BDP v prvih mesecih leta 2006 ponovno okrepila , so se torej uresničila , kar potrjuje našo oceno , da se gospodarska rast širi in postaja trdnejša .
This assessment is further supported by information on activity in the second quarter -- such as various confidence surveys and indicator-based estimates -- which continues to be encouraging . Looking further ahead , the conditions are in place for growth in the euro area to remain close to its trend potential rate , despite the impact of the rise in oil prices .
različne ankete o zaupanju in na kazalnikih temelječe ocene ) , ki ostajajo spodbudni . Za daljše obdobje v prihodnosti so pogoji izpolnjeni , da kljub naraščanju cen nafte gospodarska rast v euroobmočju ostane blizu potencialni trendni stopnji rasti .
Growth in the economies of the euro area 's main trading partners remains robust , providing support for euro area exports .
Rast gospodarstev glavnih trgovinskih partneric euroobmočja ostaja robustna in podpira izvoz iz euroobmočja .
Investment growth is expected to continue to benefit from favourable financing conditions , corporate balance sheet restructuring , and gains in earnings and business efficiency .
Rast investicij bodo po pričakovanjih še naprej spodbujali ugodni pogoji financiranja , prestrukturiranje bilanc podjetij ter večji dobički in boljša podjetniška učinkovitost .
Consumption growth should continue to strengthen gradually over time , in line with developments in real disposable income , as the labour market situation gradually improves .
Ob postopnem izboljševanju razmer na trgu dela se bo postopoma krepila tudi rast potrošnje , ki bo sledila gibanju realnega razpoložljivega dohodka .
This outlook is also reflected in the June Eurosystem staff macroeconomic projections , which provide additional input into the Governing Council 's analysis of the prospects for economic activity .
Enako oceno prihodnjih gibanj podajajo tudi junijske makroekonomske projekcije strokovnjakov Eurosistema , ki Svetu ECB zagotavljajo dodaten vir pri analizi obetov za gospodarsko aktivnost .
The projections foresee average annual real GDP growth in a range between 1.8% and 2.4% in 2006 , and between 1.3% and 2.3% in 2007 .
Po teh projekcijah se bo povprečna medletna rast realnega BDP v letu 2006 gibala med 1,8% in 2,4% , v letu 2007 pa med 1,3% in 2,3% .
The growth projections for 2006 are broadly unchanged from the ECB staff projections of March 2006 , while those for 2007 are slightly lower , reflecting mainly the recent rise in oil prices .
Projekcije rasti za leto 2006 so večinoma enake marčnim projekcijam strokovnjakov ECB , za leto 2007 pa so nekoliko nižje , predvsem zaradi nedavnih povečanj cen nafte .
Most recent forecasts by international organisations and private sector institutions give a broadly similar picture .
Večina nedavnih napovedi mednarodnih organizacij in zasebnih institucij predvideva podobna gibanja .
It is the Governing Council 's view that risks to these projections for economic growth are broadly balanced over the shorter term , while longer-term downside risks relate mainly to potential further oil price rises , global imbalances and protectionism .
Svet ECB meni , da so tveganja , ki so povezana s temi projekcijami gospodarske rasti , v kratkoročnem obdobju na splošno uravnotežena , v dolgoročnejšem obdobju pa so povezana predvsem z morebitno nadaljnjo rastjo cen nafte , svetovnimi neravnovesji in protekcionizmom .
Turning to price developments , according to Eurostat 's flash estimate , annual HICP inflation increased to 2.5% in May , compared with 2.4% in April and 2.2% in March .
Po Eurostatovi prvi oceni je medletna inflacija , merjena z indeksom HICP , maja narasla na 2,5% , potem ko je aprila znašala 2,4% , marca pa 2,2% .
Although no detailed information is available as yet , this increase probably stems from energy price developments .
Čeprav podrobnejše informacije še niso na voljo , to povečanje verjetno izvira iz gibanja cen energentov .
In the months to come and in 2007 , inflation rates are likely to remain above 2 %, the precise levels depending on future energy price developments .
V prihodnjih mesecih in v letu 2007 bo inflacija verjetno ostala nad 2 %, natančna raven pa bo odvisna od prihodnjih gibanj cen energentov .
While the moderate evolution of labour costs in the euro area is expected to continue in 2007 -- also reflecting ongoing global competitive pressures , particularly in the manufacturing sector -- indirect effects of past oil price increases and the announced changes in indirect taxes are expected to have a significant upward effect on inflation .
Čeprav se bodo zmerna gibanja stroškov dela v euroobmočju v letu 2007 po pričakovanjih nadaljevala ( med drugim tudi zaradi svetovnih konkurenčnih pritiskov , še zlasti v predelovalnih dejavnostih ) , bodo posredni učinki preteklih povišanj cen nafte in napovedane spremembe posrednih davkov predvidoma močno vplivali na rast inflacije .
Against this background , it is crucial that the social partners continue to meet their responsibilities .
Zato je nujno , da socialni partnerji tudi v prihodnje ravnajo odgovorno .
Further input into the Governing Council 's assessment of the outlook for price developments is provided by the June Eurosystem staff projections .
Oceno obetov glede prihodnjih cenovnih gibanj dopolnjujejo tudi junijske makroekonomske projekcije strokovnjakov Eurosistema .
Annual HICP inflation is projected to lie between 2.1% and 2.5% in 2006 , and between 1.6% and 2.8% in 2007 .
Te napovedujejo , da se bo medletna stopnja inflacije po indeksu HICP v letu 2006 gibala med 2,1% in 2,5% , v letu 2007 pa med 1,6% in 2,8% .
Compared with the March 2006 ECB staff projections , these ranges imply a slight upward shift to the profile for HICP inflation in 2006 , largely reflecting the assumption of higher oil prices .
V primerjavi z marčnimi makroekonomskimi projekcijami strokovnjakov ECB ti razponi predvidevajo rahlo povečanje inflacije po indeksu HICP v letu 2006 , ki večinoma izhaja iz predpostavke o višjih cenah nafte . Po mnenju Sveta ECB so v obetih za cenovna gibanja še vedno prisotna tveganja , da bo inflacija naraščala .
In the view of the Governing Council , risks to the outlook for price developments remain on the upside and include further increases in oil prices , a stronger pass-through of past oil price rises into consumer prices than currently anticipated , additional increases in administered prices and indirect taxes , and -- more fundamentally -- stronger than expected wage developments due to second-round effects of past oil price increases .
Tveganja obsegajo nadaljnje povečanje cen nafte , njihov prenos na cene življenjskih potrebščin v obsegu , ki je večji od doslej pričakovanega , dodatno povišanje nadzorovanih cen in posrednih davkov , na bolj temeljni ravni pa je zaradi drugotnih učinkov , ki so posledica pretekle rasti cen nafte , mogoče tudi , da bodo gibanja cen in plač večja od doslej pričakovanih .
Turning to the monetary analysis , the Governing Council again had a thorough discussion of underlying developments in money and credit .
V okviru denarne analize je Svet ECB znova podrobno obravnaval denarna in kreditna gibanja .
In a context of already ample liquidity and very strong monetary and credit growth , the annual growth rate of loans to the private sector has increased further in recent months to reach double-digit levels .
Ob že sicer visoki ravni likvidnosti in zalo hitri rasti denarja in kreditov se je medletna stopnja rasti posojil zasebnemu sektorju v zadnjih mesecih še dodatno okrepila in dosegla dvomestno vrednost .
Credit growth has also been broadly based across sectors .
Kreditna rast je poleg tega razširjena po številnih sektorjih .
Borrowing by households -- especially for house purchase -- and by non-financial corporations has been growing very strongly . At the same time , monetary growth has risen further over the past few months , with the annual growth rate of M3 standing at 8.8% in April .
Zelo hitro narašča posojanje gospodinjstvom , še zlasti za nakup stanovanjskih nepremičnin , ter nefinančnim družbam . Hkrati se je v zadnjih mesecih še dodatno okrepila rast denarja .
The rapid rate of monetary growth continues to be driven mainly by the expansion of its most liquid components .
K hitri rasti denarja še najprej prispevajo predvsem najbolj likvidne komponente .
Thus , the latest developments confirm that the stimulative impact of the low level of interest rates remains the dominant factor behind the current high trend rate of monetary expansion , which signals inflationary risks over the medium to longer term .
Najnovejša gibanja tako potrjujejo , da nizka raven obrestnih mer ostaja glavno gonilo sedanje visoke trendne rasti denarja , kar kaže na inflacijska tveganja v srednjeročnem in dolgoročnem obdobju .
The further acceleration of monetary and credit growth in this environment of already ample liquidity points to increased upside risks to price stability at longer horizons .
Nadaljnja krepitev denarne in kreditne rasti v času , ko je likvidnost že sicer visoka , kaže , da na daljši rok obstajajo tveganja za slabitev cenovne stabilnosti .
Monetary developments , therefore , require careful monitoring , in particular in the light of strong dynamics in housing markets .
To pomeni , da je denarna gibanja treba skrbno spremljati , kar je še posebej pomembno zaradi intenzivne dinamike na stanovanjskih trgih .
To sum up , annual inflation rates are projected to remain elevated in 2006 and 2007 , with risks to this outlook on the upside .
Če povzamemo rezultate obeh analiz , bo medletna stopnja inflacije v letih 2006 in 2007 ostala povišana , obstaja pa tveganje , da bo inflacija naraščala .
Given the strength of monetary and credit growth and the ample liquidity situation , a cross-check of the outcome of the economic analysis with that of the monetary analysis confirms that upside risks to price stability over the medium term prevail .
Glede na hitrost denarne in kreditne rasti ter visoko raven likvidnosti navzkrižna primerjava rezultatov ekonomske in denarne analize potrjuje , da v srednjeročnem obdobju prevladujejo tveganja inflacijskih pritiskov na stabilnost cen .
By acting in a timely fashion , the Governing Council is helping to keep medium and long-term inflation expectations in line with price stability , thereby making an ongoing contribution to sustainable economic growth and job creation .
S pravočasnim ukrepanjem Svet ECB pomaga ohranjati inflacijska pričakovanja na ravni , ki je skladna s stabilnostjo cen , s tem pa še naprej prispeva k trajni gospodarski rasti in ustvarjanju delovnih mest .
Overall , monetary policy remains accommodative and the Governing Council will continue to monitor closely all developments to ensure that risks to price stability do not materialise .
Na splošno denarna politika ostaja akomodativna in Svet ECB bo tudi v prihodnje pozorno spremljal vsa gibanja , da bi preprečil uresničitev tveganj za cenovno stabilnost .
With regard to fiscal policies , the forecasts published recently by the Commission point to a broadly unchanged situation in the euro area in 2006 and 2007 .
Na področju fiskalnih politik se po napovedih , ki jih je nedavno objavila Evropska komisija , razmere v letih 2006 in 2007 v euroobmočju ne bodo bistveno spremenile .
Deficit ratios are expected to remain at around the 2005 level of 2.4% , while debt ratios , after declining only marginally , are forecast at levels still above 70 % of GDP .
Stopnje primanjkljaja bodo predvidoma ostale približno na ravni leta 2005 , torej 2,4% , stopnje javnega dolga , ki so se sicer malenkostno znižale , pa bodo po napovedih še vedno ostale nad 70 % BDP .
This is disappointing against the background of the economic outlook .
Glede na sedanje gospodarske obete to predstavlja razočaranje .
Most countries with an excessive deficit have not corrected their position in a timely manner . Furthermore , there is a risk of consolidation delays in other countries .
Večina držav s presežnim primanjkljajem ni pravočasno izvedla ustreznih popravkov , v drugih pa obstaja tveganje , da bo pri konsolidaciji prišlo do zamud .
It is crucial to avoid the mistakes of the past , when many countries failed to consolidate sufficiently in good times .
Bistveno je , da se ne ponovijo napake iz preteklosti , ko številne države v času ugodnih gospodarskih razmer niso dovolj konsolidirale svojega javnofinančnega položaja .
The Governing Council considers that more determined progress is required towards sound public finances in a number of countries , that concrete and credible measures should be implemented swiftly as part of a medium-term-oriented strategy , and that it is vital to consolidate confidence in the revised Stability and Growth Pact by ensuring the sustainability of public finances in the euro area .
Svet ECB meni , da so v več državah potrebnejši odločnejši ukrepi za zagotovitev zdravih javnih financ , da je treba hitro izvesti konkretne in prepričljive ukrepe kot del celovite srednjeročno usmerjene strategije , ter da je nujno okrepiti zaupanje v prenovljeni Pakt za stabilnost in rast z zagotovitvijo zdravih javnih financ v euroobmočju .
In terms of structural reforms , the Governing Council reiterates its call for the implementation of firm measures to ensure open , competitive and well-functioning product and labour markets , so as to foster an attractive environment for investment and innovation and to promote flexibility in wages and prices .
Na področju strukturnih reform Svet ECB ponovno poziva k izvedbi odločnih ukrepov , s katerimi bi države zagotovile odprte , konkurenčne in dobro delujoče trge dela in proizvodov ter tako ustvarile privlačno okolje za investicije in inovacije ter povečale fleksibilnost plač in cen .
There is a broad and firm consensus that such reforms are beneficial in promoting growth and employment and in enhancing the resilience of the euro area economy to external shocks .
Obstaja široko in trdno soglasje , da so takšne reforme koristne , saj spodbujajo rast in zaposlovanje ter krepijo odpornost gospodarstva euroobmočja na zunanje šoke .
At the same time , these reforms would further facilitate intra-euro area adjustments by reducing rigidities which , in some economies , contribute to wage developments that lead to high and persistent unit labour cost growth , higher inflationary pressure and losses in competitiveness .
Obenem bi te reforme z zmanjšanjem togosti , ki v nekaterih gospodarstvih prispevajo k plačnim gibanjem , ki vodijo k visoki in vztrajni rasti stroškov dela na enoto proizvoda , močnejšim inflacijskim pritiskom in padanju konkurenčnosti , dodatno prispevale k izvedbi prilagoditev znotraj euroobmočja .
Examples of such rigidities are low productivity growth due to a lack of competition in some sectors and an explicit or de facto indexation of nominal wages to prices .
Primeri takšnih togosti so nizka rast produktivnosti zaradi nizke konkurenčnosti nekaterih sektorjev in izrecna ali dejanska vezava nominalnih plač na cene .
All in all , a comprehensive set of reforms is essential to strengthen the foundations for sustained growth in output and employment across the euro area , to underpin the ongoing economic recovery and to further smoothen the functioning of adjustment mechanisms in the euro area , thereby facilitating the conduct of the single monetary policy .
Gledano v celoti je celovit sklop reform ključen za trdnejše temelje za trajno rast proizvodnje in zaposlenosti povsod v euroobmočju , za oporo sedanjemu gospodarskemu okrevanju in za nadaljnje izboljšanje delovanja prilagoditvenih mehanizmov v euroobmočju , kar olajšuje izvajanje enotne denarne politike .
CON / 2009/75 Clear terms 1
CON / 2009/75 Odstrani izraze
Official Journal of the European Union 18.12.2004
18.12.2004 UREDBA EVROPSKE CENTRALNE BANKE ( ES ) št .
REGULATION ( EC ) No 2181/2004 OF THE EUROPEAN CENTRAL BANK of 16 December 2004 amending Regulation ( EC ) No 2423/2001 ( ECB / 2001/13 ) concerning the consolidated balance sheet of the monetary financial institutions sector and Regulation ( EC ) No 63/2002 ( ECB / 2001/18 ) concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations ( ECB / 2004/21 ) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK , ( 3 )
2423/2001 ( ECB / 2001/13 ) o konsolidirani bilanci stanja v sektorju monetarnih finančnih institucij in Uredbe ( ES ) št . 63/2002 ( ECB / 2001/18 ) o statistiki obrestnih mer , ki jih monetarne finančne institucije uporabljajo za vloge in posojila v razmerju do gospodinjstev in nefinančnih družb ( ECB / 2004/21 ) SVET EVROPSKE CENTRALNE BANKE JE -- ( 3 )
For the purposes of the statistical information which the European Central Bank ( ECB ) needs to fulfil its tasks , deposit liabilities and loans have to be reported at their nominal value .
Za namen statističnih informacij , ki jih Evropska centralna banka ( ECB ) potrebuje za izpolnjevanje svojih nalog , je treba obveznosti iz naslova vlog in posojila poročati po njihovi nominalni vrednosti .
Having regard to Council Regulation ( EC ) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank ( 1 ) , and in particular Articles 5 ( 1 ) and 6 ( 4 ) thereof , ( 4 )
2533/98 z dne 23 . novembra 1998 o zbiranju statističnih informacij s strani Evropske centralne banke ( 1 ) ter zlasti členov 5 ( 1 ) in 6 ( 4 ) uredbe , ( 4 )
In light of the above , it has become necessary to amend Regulation ( EC ) No 2423/2001 ( ECB / 2001/13 ) to include an explicit requirement regarding the reporting of deposit liabilities and loans at nominal value .
Glede na zgoraj navedeno je treba spremeniti Uredbo ( ES ) št . 2423/2001 ( ECB / 2001/13 ) v smislu , da se vključi izrecna zahteva glede poročanja o obveznostih iz naslova vlog in o posojilih po nominalni vrednosti .
( 1 )
( 5 ) ( 1 )
Regulation ( EC ) No 2423/2001 of the European Central Bank of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector ( ECB / 2001/13 ) ( 2 ) , requires monetary financial institutions ( MFIs ) to report , inter alia , monthly statistical information relating to their end-of-month balance sheets for the purposes of producing the consolidated balance sheet of the MFI sector .
2423/2001 ( ECB / 2001/13 ) z dne 22 . novembra 2001 o konsolidirani bilanci stanja v sektorju monetarnih finančnih institucij ( 2 ) zahteva od monetarnih finančnih institucij ( MFI ) , da med drugim poročajo mesečne statistične informacije v zvezi z njihovimi bilancami stanja na koncu meseca za namen priprave konsolidirane bilance stanja v sektorju MFI .
( 5 )
Obenem je glede na trenutno fazo v postopku harmonizacije na področju statistike , ki je bila dosežena z Uredbo ( ES ) št .
At the same time , given the current stage in the process of harmonisation in the field of statistics that has been reached as a result of Regulation ( EC ) No 2423/2001 ( ECB / 2001/13 ) , it is desirable to continue to apply the valuation rules that have until now been applied to provisioned loans and purchased loans .
2423/2001 ( ECB / 2001/13 ) , zaželeno , da se nadaljuje z uporabo pravil vrednotenja , ki so se do sedaj uporabljala za posojila , za katera so oblikovane rezervacije ( provisioned loans ) , in za odplačno prevzeta posojila ( purchased loans ) .
Therefore , national central banks may allow existing valuation rules to apply to such loans until the ECB updates these rules in order to harmonise reporting further .
Nacionalne centralne banke torej lahko za ta posojila dovolijo uporabo obstoječih pravil vrednotenja , dokler jih ECB z namenom nadaljnje harmonizacije poročanja ne posodobi .
Regulation ( EC ) No 2423/2001 ( ECB / 2001/13 ) provides that the accounting rules to be followed in reporting are those laid down in the national transposition of Council Directive 86/635 / EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions ( 3 ) , and in any other international standards applicable .
2423/2001 ( ECB / 2001/13 ) določa , da se morajo pri tem poročanju uporabljati računovodska pravila , ki so določena v nacionalnih prenosih Direktive Sveta 86/635 / EGS z dne 8 . decembra 1986 o letnih računovodskih izkazih in konsolidiranih računovodskih izkazih bank in drugih finančnih institucij ( 3 ) in v katerih koli drugih mednarodno veljavnih standardih .
Both national accounting legislation and international standards have changed since the adoption of Regulation ( EC ) No 2423/2001 ( ECB / 2001/13 ) .
Nacionalna računovodska zakonodaja in mednarodni standardi so se po sprejetju Uredbe ( ES ) št . 2423/2001 ( ECB / 2001/13 ) spremenili .
Directive 86/635 / EEC has been amended to the effect that certain financial instruments may be valued at fair value .
Direktiva 86/635 / EGS je bila spremenjena tako , da se nekateri finančni instrumenti lahko vrednotijo po pošteni vrednosti .
International accounting standards may also provide for the valuation of certain financial instruments at fair value .
Tudi mednarodni računovodski standardi lahko predvidijo vrednotenje nekaterih finančnih instrumentov po pošteni vrednosti .
In view of the possibility that some MFIs may value debt securities issued at fair value , it is necessary to clarify the scope of the reporting of the « other revaluation » adjustments in respect of price revaluation of securities .
Glede na možnost , da nekatere MFI lahko vrednotijo izdane dolžniške vrednostne papirje po pošteni vrednosti , je treba pojasniti obseg poročanja prilagoditev v okviru kategorije „druga prevrednotenja » v zvezi s cenovnim prevrednotenjem vrednostnih papirjev .
( 7 ) ( 1 ) OJ L 318 , 27.11.1998 , p. 8 .
( 7 ) ( 1 ) UL L 318 , 27.11.1998 , str . 8 .
Regulation as last amended by Regulation ( EC ) No 1746/2003 ( ECB / 2003/10 ) ( OJ L 250 , 2.10.2003 , p. 17 ) .
Uredba , kakor je bila nazadnje spremenjena z Uredbo ( ES ) št . 1746/2003 ( ECB / 2003/10 ) ( UL L 250 , 2.10.2003 , str .
( 3 ) OJ L 372 , 31.12.1986 , p. 1 .
( 3 ) UL L 372 , 31.12.1986 , str . 1 .
Directive as last amended by Directive 2003/51 / EC of the European Parliament and of the Council ( OJ L 178 , 17.7.2003 , p. 16 ) .
Direktiva , kakor je bila nazadnje spremenjena z Direktivo Evropskega parlamenta in Sveta 2003/51 / ES ( UL L 178 , 17.7.2003 , str . 16 ) .