natgillin/translations-raw huggingface dataset:
The ECB has additional legal and technical comments on the Convention , but considers that these comments could be more appropriately addressed within the framework of an impact assessment by the Community .
ECB ima še dodatne pravne in tehnične pripombe na konvencijo , vendar meni , da bi bilo te pripombe primerneje obravnavati v okviru ocene učinkov konvencije s strani Skupnosti .
To sum up , the current Community legislation on the law applicable to the holding , transfer and collateralisation of multi-tiered book-entry securities held with an intermediary represented an improvement in legal certainty and the protection against systemic risk throughout the Community .
Če povzamemo , je sedanja zakonodaja Skupnosti o pravu , ki se uporablja za imetništvo in prenos ter ustanovitev in uveljavitev zavarovanja na večstopenjskih imetjih nematerializiranih vrednostnih papirjev , ki se nahajajo pri posredniku , predstavljala povečanje pravne varnosti in zaščite pred sistemskimi tveganji po vsej Skupnosti .
The Convention offers one possible approach to addressing legitimate considerations arising from the difficulty of sometimes clearly identifying the location of a securities account for conflict-of-law purposes in an increasingly integrated global financial system .
Konvencija ponuja enega od možnih pristopov k reševanju upravičenih pomislekov , ki izvirajo iz včasih težavne identifikacije lokacije računa vrednostnih papirjev za kolizijske namene v vedno bolj integriranem globalnem finančnem sistemu .
The ECB supports the objective of establishing a universally applicable conflict-of-law approach in this area , but would , in view of the Convention 's possible implications and current Community legislation , nevertheless welcome a comprehensive prior assessment of the Convention 's impact in the Community .
ECB podpira namen , da se vzpostavi univerzalno uporaben kolizijski pristop na tem področju , vendar bi , glede na možne posledice konvencije in sedanjo zakonodajo Skupnosti , kljub temu pozdravila celovito predhodno oceno učinkov konvencije v Skupnosti .
The ECB and the Eurosystem , for which the Convention 's systemic risk aspects are of paramount importance , stand ready to contribute to such assessment as part of the Eurosystem 's tasks under Article 105 ( 5 ) of the Treaty .
ECB in Eurosistem , za katera so vidiki sistemskih tveganj po konvenciji največjega pomena , sta pripravljena prispevati k taki oceni v okviru nalog Eurosistema po členu 105 ( 5 ) Pogodbe .
In order not to pre-empt an open-ended outcome , this assessment should be undertaken prior to a discussion of the possible signature of the Convention , considering that the existing Community regime is sufficiently satisfactory and does not require an urgent or compelling signature of the Convention .
V izogib prehitrim zaključkom glede rezultata take ocene , ki je še negotov , bi bilo treba to oceno izvesti pred razpravo o morebitnem podpisu konvencije , glede na to , da je sedanja ureditev v Skupnosti ustrezno zadovoljiva in ne zahteva nujnega ali neodložljivega podpisa konvencije .
This assessment is without prejudice to the Community 's initiatives in the area of clearing and settlement and to the need for a swift substantive book-entry securities law reform and harmonisation , which would enhance financial integration in the Community .
To ocena ne vpliva na pobude Skupnosti na področju obračuna in poravnave , kakor tudi ne na potrebo po hitri reformi in harmonizaciji materialnega prava nematerializiranih vrednostnih papirjev , ki bi izboljšala finančno integracijo v Skupnosti .
Done at Frankfurt am Main , 17 March 2005 .
V Frankfurtu na Majni , 17 .
The President of the ECB Jean-Claude TRICHET
marca 2005 Predsednik ECB Jean-Claude TRICHET
Navigation Path : Home &gt; The European Central Bank &gt; New premises &gt; Construction phase
Navigation Path : Home &gt; The European Central Bank &gt; Nova stavba ECB &gt; Gradnja
Preliminary construction work for the new premises of the European Central Bank ( ECB ) was carried out on the Grossmarkthalle site during the summer of 2008 .
Pripravljalna gradbena dela za nove prostore ECB na lokaciji Grossmarkthalle so bila opravljena poleti 2008 .
The main construction works are set to commence in spring 2010 , starting with the structural works followed by the installation of the facade and the fit-out including building services .
Glavni del gradnje se bo po načrtih začel spomladi 2010 z izgradnjo osnovne konstrukcije , temu bo sledila namestitev fasade in napeljav , nato pa zaključna gradbena dela .
The new premises are due to be completed by the end of 2013 and ready for occupancy in 2014 .
Nova stavba bo predvidoma končana v letu 2013 , vseljiva pa v letu 2014 .
Further information on the progress of the construction works is available on this website .
Več podatkov o poteku gradbenih del najdete na tej spletni strani .
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Proposal for a directive of the European Parliament and of the Council [ of ] amending Directive 2004/39 / EC on markets in financial instruments , as regards certain deadlines ( COM ( 2005 ) 253 ) , pdf 152 kB , en
Predlog direktive Evropskega parlamenta in Sveta o spremembi Direktive 2004/39 / ES o trgih finančnih instrumentov glede nekaterih rokov ( KOM ( 2005 ) 253 ) , pdf 176 kB , sl
Directive 2006/31 / EC
Direktiva 2006/31 / ES
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Opinion CON / 1994/8
Mnenje CON / 1994/8
Opinion CON / 1998/54
Mnenje CON / 1998/54
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Navigation Path : Home &gt; The Euro &gt; Coins &gt; Monaco
Navigation Path : Home &gt; Euro &gt; Kovanci &gt; Monako
There are two series of coins in circulation .
V obtoku sta dve seriji kovancev .
The first series depicts , on the Euros 2 coin , HSH Prince Rainier III .
V prvi seriji je na kovancu za 2 Euros upodobljen princ Rainier III .
A double portrait of HSH Prince Rainier III and HSH Hereditary Prince Albert appears on the Euros 1 coin .
Na kovancu za 1 Euros sta portreta princa Rainierja III . in dednega princa Alberta .
The 10 , 20 and 50-cent coins depict the Prince 's seal . The coat of arms of the Sovereign Princes of Monaco is shown on the 1 , 2 and 5-cent coins .
Na kovancih za 10 , 20 in 50 centov je prinčev pečat , na kovancih za 1 , 2 in 5 centov pa grb mona &scaron; kih princev .
The second series shows , on the Euros 2 and Euros 1 coins , a portrait of HSH Prince Albert II .
V drugi seriji je na kovancih za 2 Euros in 1 Euros upodobljen princ Albert II .
HSH Prince Albert 's monogram is depicted on the 10 , 20 and 50-cent coins . The coat of arms of the Sovereign Princes of Monaco is the main feature of the design on the 1 , 2 and 5-cent coins .
Na kovancih za 10 , 20 in 50 centov je monogram princa Alberta , na kovancih za 1 , 2 in 5 centov pa grb mona &scaron; kih princev .
Edge lettering of the Euros 2 coin : 2 **, repeated six times , alternately upright and inverted .
Napis na obodu kovanca : 2 * *, ponovljeno &scaron; estkrat ter izmenično obrnjeno navzgor in navzdol .
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Navigation Path : Home &gt; Publications &gt; Monthly Bulletin &gt; Editorials &gt; 2009 &gt; 15 October 2009
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EDITORIAL 15 October 2009 - Monthly Bulletin
15 . oktober 2009 - Mesečni bilten
On the basis of its regular economic and monetary analyses , the Governing Council decided at its meeting on 8 October 2009 to leave the key ECB interest rates unchanged .
Svet ECB je na seji 8 . oktobra 2009 na podlagi redne ekonomske in denarne analize sklenil , da pusti ključne obrestne mere ECB nespremenjene .
The current rates remain appropriate .
Sedanje obrestne mere ostajajo ustrezne .
The incoming information and analyses since the last meeting in early September have confirmed the Governing Council 's previous assessment .
Novejše informacije in analize , ki so postale dostopne po zadnji seji na začetku septembra , so potrdile prejšnje ocene Sveta ECB .
While annual HICP inflation was still slightly negative in September , according to Eurostat 's flash estimate , it is expected to turn positive again in the coming months and to remain at moderately positive rates over the policy-relevant horizon .
Medtem ko je bila medletna inflacija , merjena z indeksom HICP , po Eurostatovi prvi oceni septembra še vedno rahlo negativna , naj bi v prihodnjih mesecih zopet postala pozitivna , v obdobju , ki je relevantno za denarno politiko , pa naj bi inflacija ostala na zmerno pozitivnih stopnjah .
At the same time , the latest information further supports the Governing Council 's view that the euro area economy is stabilising and is expected to recover at a gradual pace .
Hkrati najnovejše informacije dodatno podpirajo oceno Sveta ECB , da se gospodarstvo euroobmočja stabilizira in bo predvidoma postopno okrevalo .
However , uncertainty remains high .
Kljub temu je negotovost še vedno velika .
As regards medium to longer-term inflation expectations , they remain firmly anchored in line with the Governing Council 's aim of keeping inflation rates below , but close to , 2 % over the medium term .
Srednjeročna do dolgoročnejša inflacijska pričakovanja ostajajo trdno zasidrana na ravni , ki je skladna s ciljem Sveta ECB , da inflacijo srednjeročno ohranja pod 2 %, vendar blizu te meje .
The outcome of the monetary analysis confirms the assessment of low inflationary pressure over the medium term , as money and credit expansion continues to moderate .
Rezultati denarne analize potrjujejo oceno o nizkih inflacijskih pritiskih v srednjeročnem obdobju , saj se rast denarja in kreditov še naprej upočasnjuje .
Against this background , the Governing Council expects price stability to be maintained over the medium term , thereby supporting the purchasing power of euro area households .
Glede na te dejavnike Svet ECB pričakuje , da bo stabilnost cen v srednjeročnem obdobju ohranjena in bo tako podpirala kupno moč gospodinjstev v euroobmočju .
With regard to the economic analysis , available survey indicators continue to signal an ongoing stabilisation of economic activity .
Kot kaže ekonomska analiza , se po razpoložljivih anketnih kazalnikih gospodarska aktivnost še naprej stabilizira .
In particular , the euro area should benefit from a recovery in exports , the significant macroeconomic stimulus under way and the measures taken to restore the functioning of the financial system .
Tako bodo na euroobmočje predvidoma ugodno vplivali okrevanje izvoza , velike makroekonomske spodbude , ki se zdaj izvajajo , in sprejeti ukrepi za obnovitev delovanja finančnega sistema .
In addition , following the substantial negative contributions in the first half of 2009 , the inventory cycle is expected to contribute positively to real GDP growth in the second half of the year .
Poleg tega naj bi cikel zalog po znatnem negativnem prispevku v prvi polovici leta 2009 pozitivno prispeval k realni rasti BDP v drugi polovici leta .
However , uncertainty remains high and the volatility in incoming data warrants a cautious interpretation of the available information .
Kljub temu je negotovost še vedno velika , volatilnost novih podatkov pa terja previdno razlago razpoložljivih informacij .
Overall , the recovery is expected to remain rather uneven .
Na splošno se pričakuje , da bo okrevanje ostalo dokaj neenakomerno .
It will be supported in the short term by a number of temporary factors but is likely to be affected over the medium term by the process of ongoing balance sheet correction in the financial and the non-financial sector of the economy , both inside and outside the euro area .
Kratkoročno ga bodo spodbujali številni začasni dejavniki , srednjeročno pa bo najverjetneje pod vplivom nadaljnjih popravkov bilanc stanja v finančnem in nefinančnem sektorju gospodarstva tako v euroobmočju kot tudi zunaj njega .
In the view of the Governing Council , the risks to this outlook remain broadly balanced .
Po mnenju Sveta ECB so tveganja glede gospodarskih obetov večinoma uravnotežena .
Confidence may also improve more quickly , the labour market deterioration may be less marked than previously expected and foreign demand may prove to be stronger than projected .
Nadalje se lahko zaupanje izboljša hitreje , razmere na trgu dela se lahko poslabšajo manj , kot je bilo pričakovano , poleg tega pa se lahko izkaže , da bo tuje povpraševanje močnejše , kot je bilo napovedano .
On the downside , concerns remain relating to a stronger or more protracted negative feedback loop between the real economy and the financial sector , renewed increases in oil and other commodity prices , the intensification of protectionist pressures and the possibility of a disorderly correction of global imbalances .
Na negativni strani zaskrbljenost še vedno zbujajo večji ali dolgotrajnejši negativni povratni učinki med realnim gospodarstvom in finančnim sektorjem , ponovna rast cen nafte in drugih primarnih surovin ter stopnjevanje protekcionističnih pritiskov in morebitni neobvladljivi popravki svetovnih neravnovesij .
With regard to price developments , annual HICP inflation stood at - 0.3% in September , according to Eurostat 's flash estimate , compared with - 0.2% in August .
Kar se tiče cenovnih gibanj , je medletna inflacija , merjena z indeksom HICP , po Eurostatovi prvi oceni v septembru znašala - 0,3% v primerjavi z - 0,2% v avgustu .
The current negative inflation rates are in line with previous expectations and reflect largely base effects resulting from the movements in global commodity prices a year ago. Also owing to base effects , annual inflation rates are projected to turn positive again in the coming months .
Trenutno negativne stopnje inflacije so skladne s preteklimi pričakovanji in odražajo predvsem bazne učinke , ki izvirajo iz gibanja svetovnih cen primarnih surovin pred enim letom . Ravno tako zaradi baznih učinkov se bo medletna inflacija v prihodnjih mesecih predvidoma vrnila v pozitivno območje .
Thereafter , over the policy-relevant horizon , inflation is expected to remain in positive territory , with overall price and cost developments staying subdued reflecting ongoing sluggish demand in the euro area and elsewhere .
V daljšem obdobju , ki je relevantno za denarno politiko , bo inflacija po pričakovanjih ostala pozitivna , medtem ko bodo gibanja cen in stroškov zaradi še vedno šibkega povpraševanja v euroobmočju in drugod predvidoma ostala oslabljena .
In this context , it is important to re-emphasise that inflation expectations over the medium to longer term remain firmly anchored in line with the Governing Council 's aim of keeping inflation rates below , but close to , 2 % over the medium term .
V tem okviru je treba ponovno poudariti , da inflacijska pričakovanja v srednjeročnem in dolgoročnejšem obdobju ostajajo trdno zasidrana na ravni , ki je skladna s ciljem Sveta ECB , da inflacijo na srednji rok ohranja pod 2 %, vendar blizu te meje .
Risks to this outlook remain broadly balanced . They relate , in particular , to the outlook for economic activity and to the evolution of commodity prices .
Tveganja , ki spremljajo takšne inflacijske obete , ostajajo večinoma uravnotežena . Povezana so predvsem s prihodnjo gospodarsko aktivnostjo in gibanjem cen primarnih surovin .
Turning to the monetary analysis , the latest data confirm that developments in broad money and credit growth remain subdued .
V denarni analizi najnovejši podatki potrjujejo , da so gibanja širokega denarja in rast kreditov še naprej umirjena .
In August , the annual growth of M3 and loans to the private sector declined further to historically low rates of 2.5% and 0.1% respectively .
Tako se je medletna rast agregata M3 in rast posojil zasebnemu sektorju avgusta še dodatno upočasnila na 2,5% oziroma 0,1% , kar je zgodovinsko gledano nizka raven .
This parallel deceleration in money and credit growth confirms the Governing Council 's previous assessment of a moderate underlying pace of monetary expansion and low inflationary pressures over the medium term .
Sočasna upočasnitev rasti denarja in kreditov potrjuje prejšnjo oceno Sveta ECB o zmerni osnovni dinamiki rasti denarja in nizkih inflacijskih pritiskih v srednjeročnem obdobju .
The ongoing deceleration in annual M3 growth has continued to be accompanied by a strengthening in annual M1 growth , which in August rose further to 13.6% .
Sedanje upočasnjevanje medletne rasti agregata M3 je še naprej potekalo vzporedno s krepitvijo medletne rasti agregata M1 , ki se je v avgustu povišala na 13,6% .
The strength of M1 reflects the fact that narrower spreads between the rates on different short-term deposits have fostered shifts in the allocation of funds from , in particular , short-term time deposits to overnight deposits .
Visoka rast agregata M1 je posledica dejstva , da je ožji razpon med obrestnimi merami za različne kratkoročne vloge spodbujal premike pri razporejanju sredstev predvsem iz kratkoročnih vezanih vlog v vloge na vpogled .
At the same time , the steep slope of the yield curve may have supported shifts from M3 to longer-term deposits and securities outside M3 .
Obenem je strm nagib krivulje donosnosti verjetno spodbujal preusmerjanje iz agregata M3 v dolgoročnejše vloge in vrednostne papirje zunaj M3 .
The overall flow of bank loans to the non-financial private sector remained subdued in August .
Celoten tok bančnih posojil v nefinančni zasebni sektor je avgusta ostal oslabljen .
In the case of households , the latest data suggest that the decline in loan growth has been levelling off at low rates of expansion .
V sektorju gospodinjstev najnovejši podatki kažejo , da se je zmanjševanje rasti posojil ustalilo na nizkih stopnjah .
In the case of non-financial corporations , following a few months of negative flows , the flow of loans was again slightly positive in August .
V sektorju nefinančnih družb pa je bil tok posojil po nekajmesečnih negativnih tokovih avgusta zopet rahlo pozitiven .
Looking through the volatility in monthly data , loan growth continues to be very subdued .
Če odmislimo volatilnost mesečnih podatkov , je rast posojil še naprej zelo umirjena .
This is in line with the lag that normally prevails between trends in economic activity and developments in loans to enterprises .
To je skladno z zamikom , ki se običajno pojavlja med trendom gospodarske aktivnosti in gibanjem posojil podjetjem .
In this respect , given the subdued levels of production and trade , as well as the ongoing uncertainty with regard to the business outlook , further weak developments in loans to non-financial corporations in the coming months appear likely .
Ob umirjeni ravni proizvodnje in trgovinske menjave ter ob sedanji negotovosti glede poslovnih obetov je verjetno , da bo gibanje posojil nefinančnim družbam šibko tudi v prihodnjih mesecih .
At the same time , the ongoing improvement in financing conditions should support the demand for credit in the period ahead .
Obenem naj bi sedanje izboljševanje pogojev financiranja v prihodnjem obdobju spodbujalo povpraševanje po kreditih .
To sum up , the current rates remain appropriate .
Povzamemo lahko , da sedanje obrestne mere ostajajo ustrezne .
The incoming information and analyses since its last meeting in early September have confirmed the Governing Council 's previous assessment .
Novejše informacije in analize , ki so postale dostopne po zadnji seji na začetku septembra , so potrdile prejšnje ocene Sveta ECB .
As regards medium to longer-term inflation expectations , they remain firmly anchored in line with the Governing Council 's aim of keeping inflation rates below , but close to , 2 % over the medium term .
Srednjeročna do dolgoročnejša inflacijska pričakovanja ostajajo trdno zasidrani na ravni , ki je skladna s ciljem Sveta ECB , da inflacijo srednjeročno ohranja pod 2 %, vendar blizu te meje .
Cross-checking the outcome of the economic analysis with that of the monetary analysis confirms the assessment of low inflationary pressure over the medium term , as money and credit expansion continues to moderate .
Navzkrižna primerjava rezultatov ekonomske in denarne analize potrjuje oceno o šibkih inflacijskih pritiskih v srednjeročnem obdobju , saj se rast denarja in kreditov še naprej upočasnjuje .
Against this background , the Governing Council expects price stability to be maintained over the medium term , thereby supporting the purchasing power of euro area households .
Glede na te dejavnike Svet ECB pričakuje , da bo stabilnost cen v srednjeročnem obdobju ohranjena in bo tako še naprej podpirala kupno moč gospodinjstev v euroobmočju .
As the transmission of monetary policy works with lags , the Governing Council expects that its policy action will progressively feed through to the economy in full .
Ker transmisija denarne politike deluje s časovnim odlogom , Svet ECB pričakuje , da se bodo ukrepi politike postopno v celoti prelili v gospodarstvo .
Hence , with all the measures taken , including the latest 12-month longer-term refinancing operation of 30 September , monetary policy is providing strong ongoing support to the economy .
Tako denarna politika z vsemi sprejetimi ukrepi , vključno z najnovejšo 12-mesečno operacijo dolgoročnejšega refinanciranja , ki je bila izvedena 30 . septembra , daje močno nadaljnjo oporo gospodarstvu .
Once the macroeconomic environment improves , the Governing Council will make sure that the measures taken are unwound in a timely fashion and that the liquidity provided is absorbed in order to counter effectively any threat to price stability over the medium to longer term .
Ko se bo makroekonomsko okolje izboljšalo , bo Svet ECB zagotovil , da bo mogoče sprejete ukrepe pravočasno odpraviti in umakniti zagotovljeno likvidnost ter tako preprečiti morebitna tveganja za cenovno stabilnost na srednji in dolgi rok .
As regards fiscal policies , the need for ambitious and realistic fiscal exit and consolidation strategies is becoming increasingly pressing .
Na področju javnofinančne politike postajajo ambiciozne in realistične fiskalne strategije izhoda in konsolidacije vse bolj nujne .
It is vital that governments put in place concrete structural measures and convincingly communicate that they are committed to ensuring the sustainability of public finances .
Bistveno je , da vlade izvedejo konkretne strukturne ukrepe in posredujejo prepričljivo sporočilo , da so trdno odločene zagotoviti vzdržne javne finance .
Governments should design their consolidation plans in line with the provisions of the Stability and Growth Pact , ensuring that consolidation starts as soon as possible and at the latest when the recovery takes hold .
Vlade bi morale oblikovati konsolidacijske načrte v skladu z določbami Pakta za stabilnost in rast ter zagotoviti , da se konsolidacija začne čim prej oziroma najkasneje ob začetku okrevanja .
These plans should also be accompanied by a strengthening of national budgetary frameworks .
Te načrte bi morala spremljati okrepitev nacionalnega proračunskega okvira .
Consolidation efforts should be stepped up in 2011 and will need to exceed significantly the benchmark of 0.5% of GDP per annum set in the Stability and Growth Pact .
Konsolidacijska prizadevanja bi bilo treba v letu 2011 pospešiti , saj bodo morala občutno preseči referenčno vrednost 0,5% BDP letno , ki je določena v Paktu za stabilnost in rast .