natgillin/translations-raw huggingface dataset:
It is already being taken into account in the discussions and planning for the next generation of financial instruments in the post-2013 Multiannual Financial Framework, where ‘ensuring EU added value’ is one of the key principles that must be respected by all proposed instruments. Special Report No 4/2011 – The audit of the SME Guarantee facility 
To se že upošteva pri razpravah in načrtovanju za naslednjo generacijo finančnih instrumentov v večletnem finančnem okviru za obdobje po letu 2013, pri čemer je „zagotavljanje evropske dodane vrednosti“ eno od ključnih načel, ki jih je treba upoštevati v vseh predlaganih instrumentih. Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
54 AUDIT FINDINGS 17. The SMEG under CIP built on extensive experience from a previous programme (MAP), validated by external evaluators who recommended the continuation of the programme with its diversity of instruments except the ICT loan window which was closed. 
54 reVIzIjske UGOtOVItVe 17. garancijska shema za mSP v okviru PKI temelji na obsežnih izkušnjah s prejšnjim programom (mAP), ki so ga potrdili zunanji ocenjevalci, pri čemer so priporočali nadaljnje izvajanje programa z njegovimi raznolikimi instrumenti, razen okvira za posojila IKT, ki je bil ukinjen.
It was not considered necessary, either by the Commission or the Budgetary Authority, to explicitly state the intervention logic, since loan guarantees are accepted to be a highly effective and efficient way to address the policy objectives. 
Komisija in proračunski organ sta menila, da ni treba izrecno navesti logike ukrepa, ker veljajo garancije za posojila za zelo učinkovit in uspešen način za doseganje političnih ciljev.
19. Please see reply to observation 17. 
19. glej tudi odgovor na ugotovitev št.
The SMEG seeks to improve the financial environment for SMEs, expand the volume of lending to SMEs and, as far as possible, provide better loan conditions than would otherwise be possible. 
Namen garancijske sheme za mSP je izboljšati finančno okolje za mSP, povečati obseg posojil za mSP in po možnosti zagotoviti ugodnejše posojilne pogoje, kot bi bili sicer na voljo.
It is true that for high growth and technology and research-orientated newly established enterprises equity financing is the preferred instrument. 
Res je, da je lastniško financiranje prednostni instrument za hitro rastoča in novoustanovljena podjetja, ki so usmerjena v tehnologijo in raziskave.
However, loan financing is an appropriate complement to equity financing to optimise the growth of the specific enterprise. 
Vendar je financiranje posojil primerno dopolnilo lastni-škemu financiranju za optimizacijo rasti določenega podjetja.
Moreover, loan financing is more relevant to most enterprises than equity, since it is usually cheaper, less difficult to access and does not require the entrepreneur to give up partial control of the enterprise. Therefore, this diversity of instruments is based on a notion of complementary nature of instruments over the life cycle of an enterprise. 
Poleg tega je financiranje posojil za večino podjetij primernejše kot lastniški kapital, ker je običajno cenejše, dostop do njega je lažji, pod-jetniku pa se ni treba delno odpovedati nadzoru nad podjetjem. zato ti raznoliki instrumenti temeljijo na pojmu dopolnjevanja instrumentov v življenjskem ciklu družbe.
REPLY OF THE COMMISSION 22. The SMEG under CIP built on extensive experience from a previous programme (MAP), validated by external evaluators. Therefore, it was felt that, for the financial instruments, the CIP impact assessment was sufficient, given that these instruments were effectively a continuation of a successful predecessor programme and there was already broad support for them within the Budgetary Authority. 
ODgOVORI KOmISIjE 22. garancijska shema za mSP v okviru PKI temelji na obsežnih izkušnjah v zvezi s prejšnjim programom (mAP), ki so ga potrdili zunanji ocenjevalci. zato se je uveljavilo mnenje, da je bila ocena učinka PKI, kar zadeva finančne instrumente, zadostna glede na to, da ti instrumenti dejansko pomenijo nadaljevanje izvajanja uspešnega predhodnega programa in da so že dobili široko podporo znotraj proračunskega organa.
In this context it is not clear why an even more extensive impact assessment would have added value. 
V tem smislu ni jasno, zakaj bi imela še obsežnejša ocena učinka dodano vrednost.
It is equally clear that the Commission services will strive to apply higher standards and to address the Court's concerns in the preparation of the CIP successor programme. 
Prav tako je jasno, da si bodo službe Komisije pri pripravi programa, ki bo nasledil program PKI, prizadevale, da bodo uporabile višje standarde in upoštevale pripombe Sodišča.
The Commission shares the view of the Court that the facility will support more than 315 750 SMEs. Given the current high take up of the facility, this target might even be exceeded. Special Report No 4/2011 – The audit of the SME Guarantee facility 
Komisija se strinja z mnenjem Sodišča, da se bo s shemo zagotovila podpora za več kot 315 750 mSP. glede na trenutno koriščenje sheme bo morda ta cilj celo presežen. Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
55 26. The objectives were set by the legislative authority in a way that allows implementation in a number of individual markets with differing needs (for example, focus on start-ups, increased lending, etc.), as well as the flexibility to respond to changing market conditions during the programming period. 
55 26. zakonodajni organ je določil cilje tako, da se omogočita izvajanje na več posameznih trgih z različnimi potrebami (na primer osredotočanje na nova podjetja, večja posojila itd.) ter prilagodljivost za odziv na spreminjajoče se tržne pogoje v programskem obdobju.
The concept of innovation reflects the best practices according to the OECD Oslo Manual as referenced in the CIP Decision. 
Koncept inovacij izraža najboljše prakse v skladu s priročnikom OEcD iz Osla, kot so navedene v sklepu o PKI.
The Commission welcomes the Court's appreciation of the EIF's expertise. 
Komisija pozdravlja oceno strokovnega znanja EIS, ki jo je dalo Sodišče.
In 2006 and 2007, the Commission debated internally a number of key issues relating to the performance of the facility including the parameters of enhanced access to finance. 
Leta 2006 in 2007 so znotraj Komisije potekale razprave o več ključnih vprašanjih, povezanih z uspešnostjo sheme, vključno s parametri boljšega dostopa do financiranja.
Both the Commission and EIF found it necessary to address in detail and reassess a large part of the delivery of the facility and these new measures are reflected in the FMA under the CIP SME Guarantee facility. 
Komisija in EIS menita, da je treba podrobno obravnavati in ponovno oceniti velik del učinka sheme, pri čemer se ti novi ukrepi izražajo v fiduciarnem in upravljavskem sporazumu (FmA) v okviru garancijske sheme za mSP iz programa PKI.
However, MAP agreements could be signed until the end of 2006 with availability periods lasting up to December 2008, which for many intermediaries covered at least part of the gap between MAP and CIP. 32. 
Vendar so bili lahko sporazumi mAP podpisani do konca leta 2006, pri čemer so obdobja razpoložljivosti, ki so za veliko posrednikov zajemala vsaj del zamika med programoma mAP in PKI, trajala do decembra 2008.
Please see our reply to observation 31. 
32. glej odgovor na ugotovitev št. 31.
REPLY OF THE COMMISSION 33. 
ODgOVORI KOmISIjE 33.
The average period does not reflect the average duration of the whole process for all intermediaries, but is based on nine intermediaries whose applications were processed by the EIF at the start of the programme. 
Povprečno obdobje ne pomeni povprečnega trajanja celotnega procesa za vse posrednike, ampak temelji na devetih posrednikih, katerih vloge je obravnaval EIS na začetku programa.
It is true that the first applications were treated over a relatively long period, for a number of reasons (for example, modification of an initial application in close cooperation with the FI; waiting for FIs to reply or submit requested information; negotiations of the guarantee agreement between the EIF and FI). 
Res je, da je obravnava prvih vlog trajala sorazmerno dolgo časa, za kar obstaja več razlogov (na primer sprememba prvotne vloge v tesnem sodelovanju s finančnim posrednikom, čakanje na odgovor finančnih posrednikov ali njihovo predložitev zahtevanih informacij, pogajanja o garancijskem sporazumu med EIS in finančnim posrednikom).
It should be noted, however, that once the initial backlog was cleared, the applications were expedited in a short timeframe. 
Vendar je treba izpostaviti, da so bile po odpravi prvotnih zaostankov vloge hitro razrešene.
In 2010, the average time from application to signature dropped and is six months on average. 
Leta 2010 se je povprečen čas od predložitve vloge do podpisa zmanjšal in povprečno traja šest mesecev.
In addition, the Commission would like to point out that application-to-signature periods do not reflect certain key factors relevant for the assessment of the efficiency of the application process: 1. 
Poleg tega želi Komisija izpostaviti, da se pri obdobjih od predložitve vloge do podpisa sporazuma ne upoštevajo nekateri ključni dejavniki, ki so pomembni za oceno učinkovitosti prijavnega postopka: 1.
The initial application of an intermediary is rarely a basis for further concrete work — more information needs to be received from intermediaries to continue due diligence and advance concrete work further. 
Prvotna uporaba posrednika je redko podlaga za nadaljnje dejansko delo – od posrednikov je treba pridobiti več informacij, da se nadaljuje skrbni pregled in dodatno pospeši dejansko delo.
Regarding the requirement for enhanced access to finance, it should be noted that, often, the portfolio proposed by the intermediary undergoes substantial changes during the deal analysis and negotiation, which can absorb considerable additional time. Special Report No 4/2011 – The audit of the SME Guarantee facility 
Kar zadeva zahtevo po boljšem dostopu do financiranja, je treba opozoriti, da se portfelj, ki ga predlaga posrednik, med analiziranjem dogovora in pogajanjem o njem pogosto močno spremeni, za kar se lahko porabi veliko dodatnega časa. Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
Intermediaries often need additional time to set up the operational implementation — the signature date can be delayed by agreement in order to give them time to prepare before the start of the period during which SME loans can be included into the portfolio (referred to as the availability period). 
Posredniki pogosto potrebujejo dodaten čas za pripravo operativnega izvajanja – datum podpisa se lahko odloži s sporazumom, da se posrednikom zagotovi čas za pripravo pred začetkom obdobja, v katerem se lahko posojila za mSP vključijo v portfelj (to obdobje se imenuje obdobje razpoložljivosti).
The Commission and the EIF have no indications that the facility has suffered as a result of the delay in launching it. 
Komisija in EIS nimata nobenih dokazov, da je bila shemi zaradi zamud pri začetku njenega izvajanja povzročena škoda.
On the contrary, the improved management structures, together with efforts undertaken to streamline the approval process, have yielded positive results in terms of smoother processing of EIF submissions. 36. 
Nasprotno so bili zaradi boljših struktur upravljanja, skupaj s prizadevanjem za poenostavitev postopka odobritve, doseženi pozitivni rezultati v smislu bolj nemotene obravnave vlog EIS.
The retroactivity clause was introduced to minimise the time gap between MAP and CIP for the intermediaries who wanted to continue with their SME programmes under the CIP programme (which was already published). 
36. cilj uvedbe klavzule o retroaktivnosti je bilo čim večje zmanjšanje časovnega zamika med programoma mAP in PKI za posrednike, ki bi želeli še naprej izvajati svoje programe za mSP v okviru programa PKI (ki je bil že objavljen).
The concept of equal treatment is only applicable to equal cases. 
Koncept enake obravnave se uporablja le v enakih zadevah.
It does not entail the same treatment of cases that are objectively different. 
Ne vključuje enake obravnave zadev, ki so drugačne v objektivnem smislu.
As regards new financial intermediaries, there was no such time gap to be covered by a retroactive inclusion of loans. 
Pri novih finančnih posrednikih ni bilo takšnega časovnega zamika, ki bi se pokril z retroaktivno vključitvijo posojil.
The Commission examined the legal implication of the possibility of a retroactive application of the CIP SMEG, and concluded that equal treatment for new financial intermediaries is ensured via the availability periods of the same duration. 
Komisija je preučila pravne posledice možnosti za retroaktivno uporabo garancijske sheme za mSP v okviru PKI in ugotovila, da se enaka obravnava novih finančnih posrednikov zagotovi z enako dolgimi obdobji razpoložljivosti.
The Commission welcomes the Court's positive assessment of the management structure. 
Komisija pozdravlja pozitivno oceno strukture upravljanja, ki jo je dalo Sodišče.
REPLY OF THE COMMISSION 45. 
ODgOVORI KOmISIjE 45.
Following the financial crisis, there have been almost no securitisation transactions since 2008. It is therefore not surprising that the demand for this specific SMEG window has been non-existent. 
Po finančni krizi ni bila od leta 2008 izvedena skoraj nobena transakcija listni-njenja. zato ni presenetljivo, da ni bilo povpraševanja po tem posebnem okviru garancijske sheme za mSP.
However, now that the securitisation market is picking up slightly, a first CIP securitisation is being examined by the EIF and one national promotional bank is asking for CIP participation to open up the securitisation market for SME loan portfolios. 
Vendar EIS zdaj, ko se je začelo stanje na trgu listninjenja rahlo izboljševati, preučuje prvo listninjenje programa PKI, ena nacionalna razvojna banka pa je zahtevala sodelovanje programa PKI pri odprtju trga listninjenja za portfelje posojil za mSP.
In addition, the first transaction under the equity window was approved in September 2010 by the EIF board and in October 2010 by the Commission. 
Poleg tega sta odbor EIS septembra 2010 in Komisija oktobra 2010 odobrila prvo transakcijo na podlagi okvira za naložbe lastniškega kapitala.
The EIF works with clear selection guidelines as agreed with the Commission (Annex 1 to the FMA) to implement the mandate under an open call and, as mentioned by the Court in paragraph 29, the EIF has the necessary expertise. 
EIS pri svojem delu upošteva jasne smernice za izbiro, kot so bile dogovorjene s Komisijo (Priloga 1 k sporazumu FmA) za izvajanje pooblastila na podlagi odprtega razpisa, pri čemer ima EIS, kot je navedlo Sodišče v odstavku 29, potrebno strokovno znanje.
The Commission wishes to point out that in the pre-selection process of assessing an application the EIF requires intermediaries to meet minimum standards as regards the sufficiency of information provided as described below. 
Komisija želi izpostaviti, da EIS v predizbirnem postopku ocenjevanja vlog od posrednikov zahteva, da izpolnjujejo minimalne standarde v zvezi z zadostnostjo predloženih informacij, kot je opisano spodaj.
The pre-selection procedure is a formal selection by the guarantee transaction team based essentially on the quality of the application with respect to the eligibility and selection criteria. 
Predizbirni postopek je uradni izbor, ki ga opravi skupina za garancijske transakcije in ki temelji zlasti na kakovosti vloge glede na merila za upravičenost in izbiro.
Furthermore, each proposal is subject to an independent opinion from the EIF’s risk management, a compliance opinion and a formal pre-Board review meeting including all relevant EIF services. 
Poleg tega se za vsak predlog pripravita neodvisno mnenje, ki ga oblikuje oddelek EIS za obvladovanje tveganja, in mnenje o skladnosti, predlogi pa se obravnavajo tudi na uradnem pregledovalnem sestanku pred odborom, ki se ga udeležijo vse ustrezne službe EIS.
The Commission, however, will further consider whether it would be appropriate for the EIF to use a scoring system in this kind of call procedure in order to define a minimum score level for any successor programme. Special Report No 4/2011 – The audit of the SME Guarantee facility 
Vendar bo Komisija dodatno razmislila, ali bi bilo primerno, da EIS pri takšnem razpisnem postopku uporabi sistem točkovanja za določitev najnižje ravni točk za vse naslednje programe. Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
57 53. The CIP approval requests contain a detailed analysis of the volumes and the basis and methodology of determining the proposed cap rate (see also reply to paragraph 63 below). 
57 53. zahteve za odobritev PKI vsebujejo podrobno analizo zneskov ter podlage in metodologije za določanje predlagane stopnje limita (glej tudi odgovor na odstavek 63 spodaj).
These are the result of extensive exchanges with the intermediary, inter alia, as the exact additionality is being refined and the relevant past volumes and losses need to be extracted by the intermediary. 
Te so med drugim rezultat obsežnih izmenjav s posrednikom, ker se natančna dodatnost izpopolnjuje ter mora posrednik določiti zadevne pretekle zneske in izgube.
This also includes volumes achieved and losses reported under prior agreements, if any, which are available within the EIF. 
To vključuje tudi dosežene zneske in sporočene izgube na podlagi prejšnjih sporazumov (če obstajajo), ki so na voljo v okviru EIS.
In addition, this is only one input, as the cap rate needs to consider future developments (e.g. effects of additionality on expected losses, expected economic changes). 
Poleg tega je to le en vložek, ker je treba pri stopnji limita upoštevati prihodnji razvoj (npr. vpliv dodatnosti na pričakovane izgube, pričakovane ekonomske spre-membe).
This is detailed in the request for approval to the EIF`s Board of Directors. 
To je podrobno opisano v zahtevi za odobritev, predloženi upravnemu odboru EIS.
The EIF performs plausibility checks on the information provided by intermediaries and draws on its extensive SME credit risk knowledge in various European markets. 
EIS preverja verodostojnost informacij, ki jih zagotovijo posredniki, pri čemer se zanaša na svoje obsežno znanje o kredi-tnem tveganju mSP na različnih evropskih trgih.
As many intermediaries have been working with the EIF for a number of years under previous SMEG agreements, EIF has volume and loss data available for these intermediaries, although these are not the sole parameters considered by the EIF. 
Ker veliko posrednikov že več let sodeluje z EIS (na podlagi prejšnjih sporazumov o garancijski shemi za mSP), ima EIS podatke o zneskih in izgubah, ki so na voljo tem posrednikom, čeprav to niso edini parametri, ki jih upošteva.
The Commission will consider with the EIF how the documentation of the setting of the parameters could be further improved for any successor programme. 
Komisija bo skupaj z EIS preučila, kako bi se lahko dodatno izboljšala dokumentacija za določanje parametrov za vse naslednje programe.
REPLY OF THE COMMISSION 55. 
ODgOVORI KOmISIjE 55.
The guarantee terms are in compliance with the Fiduciary and Management Agreement between the Commission and the EIF (FMA) which reflects the broader objectives of the legal basis. 
Pogoji garancije so skladni s fiduciarnim in upravljavskim sporazumom med Komisijo in EIS (FmA), kar kaže na širše cilje pravne podlage.
The examples provided by the Court reflect specific agreements for these deals. The CIP objectives include: ‘to foster the competitiveness of enterprises, in particular SMEs’; and ‘to promote all forms of innovation including eco-innovation’. 
Primeri, ki jih je navedlo Sodišče, se nanašajo na posebne sporazume za te dogovore. cilji programa PKI vključujejo: „pospeševanje konkurenčnosti podjetij, zlasti mSP“, in „pospeševanje vseh oblik inovativnosti, vključno z ekološko inovativnostjo“.
Furthermore, SMEG is meant to: improve access by existing SMEs to loan finance; respond to the changing financing needs of SMEs; support access to finance for the start-up and growth of SMEs and investment in innovation activities; and support the cross-border expansion of their business activities. 
Poleg tega je namen garancijske sheme za mSP izboljšati dostop obstoječih mSP do dolžniških finančnih virov, ustrezati spreminjajočim se finančnim potrebam mSP, podpirati dostop do financiranja za začetno fazo in fazo rasti mSP in za naložbe v inovacijske dejavnosti ter podpirati razširitev poslovnih dejavnosti čez mejo.
The introduction of too restrictive requirements regarding the final beneficiaries would not be consistent with the broad policy objectives and would be detrimental to the implementation of the programme. 
Uvedba preveč omejevalnih zahtev v zvezi s končnimi upravičenci ne bi bila skladna s širokimi cilji politike in bi škodila izvajanju programa.
It might also have adverse consequences for the efficiency of the programme: 1. cumbersome procedures for the lending institution to rigorously screen and document the lack of collateral; 2. the foregoing of the benefits of portfolio (of loans) diversification; 3. the increase in default probabilities and expected losses resulting in higher budget needs, lower leverage and lower efficiency. Special Report No 4/2011 – The audit of the SME Guarantee facility 
Poleg tega bi lahko negativno vplivala na učinkovitost programa zaradi: 1. zapletenih postopkov, ki bi jih morale izvajati posojilne ustanove za natančno pregledovanje in dokumentiranje nezadostne garancije, 2. opustitev koristi raznolikosti portfelja (posojil), 3. povečanja verjetnosti neizpolnjevanja obveznosti in pričakovanih izgub, ki povzročijo večje proračunske potrebe, manjše spodbude in manjšo učinkovitost. Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
The change of indicators has been requested by the representatives of the Member States at the EIP management committee and the Commission complied with this request. 
Spremembo kazalnikov so zahtevali predstavniki držav članic v upravljalnem odboru za PPI in Komisija je izpolnila njihovo zahtevo.
In addition please note that the ex ante evaluation clearly states that these indicators are subject to review and updating. 
Poleg tega je treba upoštevati, da je v predhodni oceni jasno navedeno, da se ti kazalniki pregledujejo in posodabljajo.
The Commission assesses the development of the programme not only on the basis of the indicators, but also taking into account the number of countries covered, the number of intermediaries signed each year, the volume of the underlying portfolios and significant amount of additional information provided in the context of EIF reporting. 
Komisija ocenjuje napredek v okviru programa na podlagi kazalnikov in tudi ob upoštevanju števila zajetih držav, števila pogodb, podpisanih s posredniki vsako leto, količine s tem povezanih portfeljev in znatne količine dodatnih informacij, predloženih v okviru poročanja EIS. z rednim obveščanjem upravljalnega odbora za PPI o zgoraj navedenem se zagotovi spremljanje napredka v okviru programa.
The Commission considers that rather than setting yearly targets, it is more important to see the long-term development and, as the Court states in paragraph 103, the target regarding the number of SMEs reached ‘is likely to be achieved’. 
Komisija meni, da je namesto določanja letnih ciljev bolj pomembno zagotoviti dolgoročni napredek in da bo cilj v zvezi s številom mSP, kot je navedlo Sodišče v odstavku 103, „verjetno dosežen“.
The Commission accepts that there is a need for better measurement of the success of the programme. 
Komisija se strinja, da je treba bolje izmeriti uspešnost programa.
The Commission has accepted the indicators suggested by the evaluators and has commissioned a survey in the framework of the final evaluation of the EIP. 
Sprejela je kazalnike, ki so jih predlagali ocenjevalci, in naročila izvedbo ankete v okviru končne ocene programa PPI.
Results will be delivered in mid-2011. 
Rezultati bodo na voljo sredi leta 2011.
REPLY OF THE COMMISSION 67. 
ODgOVORI KOmISIjE 67.