natgillin/translations-raw huggingface dataset:
The latest amendments include the deletion of Article 19 and amend other provisions of the Act. Article 15(2) of the Act, renumbered as Article 17(2), provides that the Central Bank of Malta manages and maintains the reserve assets in accordance with the ECB’s guidelines and instructions.
Dolgoročne obrestne mere na Cipru so bile v referenčnem obdobju na ravni 4,2%, kar je precej pod referenčno vrednostjo kriterija obrestnih mer, ki znaša 6,4%.
The latest amendments provide that the Governor’s exercise of powers must be in accordance with the Statute.
Dolgoročne obrestne mere, kakor tudi razlika med njimi in donosnostjo državnih obveznic v euroobmočju, so se v zadnjih letih na splošno zmanjšale.
The latest amendments remove this incompatibility by deleting these provisions.
Ciper – ekonomski kazalniki konvergence
ECB Convergence Report May 2007
(brez kriterija deviznih tečajev)
Acquis communautaire: the body of Community legislation, including its interpretation by the European Court of Justice, by which all EU Member States are bound.
Projekcije za leto 2007 je pripravila Evropska komisija.4) Podatki se nanašajo na obdobje od aprila 2006 do marca 2007.5) Države z najboljšimi doseženimi rezultati glede stabilnosti cen so: Finska, Poljska in Švedska.
It includes all administrative departments of the (central) state and other central agencies whose competence extends over the entire economic territory, except for the administration of social security funds.
ECBKonvergenčno poročilomaj 2007
Combined direct and portfolio investment balance: the sum of the direct investment balance and the portfolio investment balance in the financial account of the balance of payments.
Na splošno bo moral Ciper v prihodnje nadaljevati trajnostno in verodostojno fiskalno konsolidacijo na podlagi strukturnih ukrepov, ter izboljšati svoje fiskalno poslovanje s konkretnim zmanjšanjem svojega visokega deleža javnega dolga.
Direct investment is cross-border investment for the purpose of acquiring a lasting interest in/from an enterprise resident in another country (assumed for ownership equivalent to at least 10% of ordinary shares or voting rights).
Prav tako bo pomembno ohraniti zmerno rast plač, zlasti v javnem sektorju, ki bo upoštevala rast produktivnosti dela, razmere na trgu dela in gibanja v konkurenčnih državah. Poleg tega bo treba nujno nadaljevati strukturne reforme na trgih proizvodov in dela.
This includes equity capital, reinvested earnings and “other capital” associated with inter-company operations.
Tako bi bilo na primer treba prenoviti mehanizem indeksacije plač in nekaterih socialnih prejemkov (dodatka za življenjske stroške), da bi se zmanjšala tveganja, povezana z vztrajnostjo inflacije.
Portfolio investment includes equity securities (when not a direct investment), debt securities in the form of bonds and notes, and money market instruments.
Zaradi takšnih strukturnih reform bo gospodarstvo ne samo odpornejše proti šokom, pač pa bo ustvarilo tudi najboljše pogoje za vzdržno gospodarsko rast in rast zaposlenosti.
Contingent liabilities: government obligations that arise only upon the realisation of particular events, e.g. state guarantees.
Končno bi morebitna ponovna združitev Cipra lahko prinesla dodatne strukturne in fiskalne izzive, odvisno od konkretnih ekonomskih in fiskalnih dogovorov.
Convergence criteria: the criteria set out in Article 121(1) of the Treaty (and developed further in the Protocol on the convergence criteria referred to in Article 121) that must be fulfilled by each EU Member State before it can adopt the euro.
neodvisnosti leta 1964 vzdrževala režim vezanega deviznega tečaja, večino obdobja na košarico valut.
They relate to performance in respect of price stability, government financial positions, exchange rates and longterm interest rates.
Od 2. maja 2005, odkar sodeluje v ERM II, pa je malteška lira vezana na euro.
The reports produced under Article 121(1) by the European Commission and the ECB examine whether a high degree of sustainable convergence has been achieved by each Member State on the basis of its fulfilment of these criteria.
Fiskalna politika je v zadnjih nekaj letih v večjo podporo doseganju cenovne stabilnosti.
Convergence programme: a programme containing mediumterm government plans and assumptions regarding the development of key economic variables towards the achievement of reference values indicated in the Treaty.
Po obdobju močne rasti v devetdesetih letih je bila gospodarska rast vse od leta 2001 dalje v povprečju počasna, v dveh letih celo negativna.
Measures to consolidate fiscal balances are also highlighted, together with underlying economic scenarios.
Ekonomska stagnacija je odražala kombinacijo zunanjih slabosti, delno povezanih z večjo konkurenco na glavnih izvoznih trgih Malte, pa tudi notranjih dejavnikov, na primer pre-hodnih učinkov prestrukturiranja v predelovalnih dejavnostih.
Convergence programmes normally cover the following three to four years but are regularly updated during that time.
Novejša gibanja kažejo, da se je leta 2005 začelo postopno okrevanje gospodarstva in se nadaljevalo tudi leta 2006, pri čemer so pritiski na cene s strani povpraševanja ostali omejeni.
They are examined by the European Commission and the Economic and Financial Committee, whose reports serve as the basis for an assessment by the ECOFIN Council.
Letna stopnja inflacije po HICP se je proti koncu leta 2006 zelo zmanjšala in ostala obrzdana tudi na začetku leta 2007.
Following the start of Stage Three of Economic and Monetary Union, EU Member States with a derogation continue to submit convergence programmes, while countries which are members of the euro area present annual stability programmes, in accordance with the Stability and Growth Pact.
Potem ko je sredi leta 2006 dosegla višek z okrog 3,5%, se je v zadnjih dveh mesecih leta 2006 zmanjšala na manj kot 1% in marca 2007 znašala 0,5%.
Current transfers: government transfers to enterprises, households and the rest of the world, net of transfers received from the rest of the world, which are not related to capital expenditure; they include production and import subsidies, social benefits and transfers to EU institutions.
Zmanjšanje inflacije konec leta 2006 je pretežno posledica popuščanja učinka predhodne rasti cen energentov, ki je relativno močno vplivala na malteško inflacijo.
Cyclical component of the budget balance: shows the effect on the budget balance of the output gap, as estimated by the European Commission.
Po nedavnih spremembah in dopolnitvah Zakona o centralni banki Central Bank of Cyprus je statut centralne banke Central Bank of Cyprus združljiv z zahtevami Pogodbe in Statuta za tretjo fazo ekonomske in monetarne unije.
Deficitdebt adjustment: the difference between the general government budget balance (government deficit or surplus) and the change in general government debt.
V referenčnem obdobju je 12-mesečna povprečna stopnja inflacije po HICP na Malti znašala 2,2%, kar je precej pod referenčno vrednostjo 3,0%, določeno v Pogodbi.
Such adjustments may stem from, inter alia, changes in the amount of financial assets held by the government, revaluations or statistical adjustments.
Sodeč po najnovejših podatkih se bo v prihodnjih mesecih predvidoma še zmanjšala.
Deficit ratio (general government): the general government deficit is defined as net borrowing and corresponds to the difference between general government revenue and general government expenditure.
Glede prihodnjega gibanja inflacije se zadnje razpoložljive napovedi najpomembnejših mednarodnih institucij gibljejo od 1,4% do 2,4% za leto 2007 in od 2,1% do 2,3% za leto 2008.
The deficit ratio is defined as the ratio of the general government deficit to GDP at current market prices.
Tveganje višje inflacije od napovedane je pretežno povezano s ponovnim zvišanjem svetovnih cen energentov.
It is the subject of one of the fiscal criteria used to define the existence of an excessive deficit, as laid down in Article 104(2) of the Treaty. It is also referred to as the budget or fiscal balance (deficit or surplus).
Poleg tega je treba skrbno spremljati trenutno hitro rast kreditov, čeprav ni tako močna kot v nekaterih drugih državah z manj razvitimi finančnimi trgi.
Stage Three started on 1 January 1999 with the transfer of monetary competence to the ECB and the introduction of the euro. The cash changeover on 1 January 2002 completed the process of setting up EMU.
Navzdol usmerjena tveganja so povezana z učinki vse večje konkurence na nekaterih trgih proizvodov, na primer v trgovini na drobno z živili in letalski industriji, ter trenutnimi prizadevanji za racionalizacijo regulativnih in upravnih postopkov v javnem sektorju.
Effective exchange rate (nominal/real): the nominal effective exchange rate is the weighted average of the bilateral exchange rates of a country’s currency against the currencies of its trading partners.
Kot kaže pregled daljšega preteklega obdobja, je bila inflacija po HICP na Malti relativno stabilna ter se je v obdobju 1999–2006 pretežno gibala med 2% in 3%.
The weights used reflect the share of each partner country in the trade of the country under consideration and account for competition in third markets.
Dejstvo, da je inflacija ostala relativno stabilna v daljšem obdobju, odraža številne pomembne odločitve politik, zlasti odločitev Malte, da bo po pridobitvi
Decisions concerning central rates and, possibly, narrower fluctuation bands are taken by mutual agreement between the EU Member State concerned, the euro area countries, the ECB and the other EU Member States participating in the mechanism.
ECBKonvergenčno poročilomaj 2007
ERM II fluctuation margins: the floor and ceiling within which ERM II member currencies are allowed to fluctuate against the euro.
renčnem letu 2006 je imela proračunski primanjkljaj v višini 2,6% BDP, kar je pod referenčno vrednostjo.
The EU Council meeting in the composition of the ministers of economics and finance is often referred to as the ECOFIN Council.
Zaradi začasnih ukrepov fiskalne politike se je primanjkljaj v letu 2006 zmanjšal za 0,7% BDP, medtem ko bi brezteh ukrepov znašal 3,3% BDP.
In addition, for decisions of particular importance, the EU Council meets in the composition of the Heads of State or Government.
Evropska komisija za leto 2007 napoveduje zmanjšanje proračunskega primanjkljaja na 2,1% DBP.
This should not be confused with the European Council.
Delež javnega dolga v BDP je v letu 2006 padel na 66,5% BDP in naj bi po napovedih v letu 2007 znašal 65,9%, kar je še vedno nad referenčno vrednostjo 60%.
Euro area: the area encompassing those EU Member States in which the euro has been adopted as the single currency in accordance with the Treaty and in which a single monetary policy is conducted under the responsibility of the Governing Council of the ECB.
Nadaljnja konsolidacija bo potrebna, če želi Malta doseči srednjeročni cilj iz Pakta za stabilnost in rast, ki je v konvergenčnem programu iz decembra 2006 številčno opredeljen kot uravnotežen, ciklično prilagojen proračun brez začasnih ukrepov.
The euro area currently comprises Belgium, Germany, Ireland, Greece, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland.
Glede drugih fiskalnih dejavnikov v letu 2006 delež primanjkljaja v BDP ni presegel deleža javnih investicijskih odhodkov v BDP.
Eurogroup: informal group bringing together those members of the ECOFIN Council who represent the euro area countries.
zavezah Malte na številnih področjih politike.
The European Commission and the ECB are regularly invited to take part in these meetings.
Tako je Malta v skladu s svojo napovedjo od vstopa v ERM II ohranjala tečaj malteške lire do eura na ravni centralnega tečaja.
European Central Bank (ECB): the ECB lies at the centre of the Eurosystem and the European System of Central Banks (ESCB) and has its own legal personality in accordance with the Treaty (Article 107(2)).
Razlike med kratkoročnimi obrestnimi merami in trimesečno obrestno mero EURIBOR so se v letu 2006 zmanjšale in v treh mesecih do konca marca 2007 znašale 0,2 odstotne točke.
It ensures that the tasks conferred upon the Eurosystem and the ESCB are implemented either through its own activities or through those of the NCBs, pursuant to the Statute of the ESCB.
Marca 2007 je bil realni tečaj malteške lire tako dvostransko do eura kot efektivno blizu dolgoročnemu povprečju, izračunanemu za obdobje od januarja 1996 dalje in od uvedbe eura leta 1999 dalje.
European Commission: the institution of the European Union which ensures the application of the provisions of the Treaty.
Kar zadeva druga zunanja gibanja, je Malta od leta 1997 poročala o skupnem primanjkljaju tekočega in kapitalskega računa plačilne bilance, ki je bil občasno velik.
The Commission develops Community policies, proposes Community legislation and exercises powers in specific areas.
V letih 2004 in 2005 je ta primanjkljaj znašal 4,9% BDP, nakar se je leta 2006 zmanjšal na 3,3%.
In the area of economic policy, the Commission produces Integrated Guidelines for Growth and Jobs, containing the Broad Economic Policy Guidelines and the Employment Guidelines, and reports to the EU Council on economic developments and policies.
Od leta 2003 tokovi neposrednih naložb več kot pokrijejo ta primanjkljaj, medtem ko kapitalske prilive v obliki „ostalih naložb” večinoma odtehtajo močni neto odlivi v obliki portfeljskih naložb.
It monitors public finances within the framework of multilateral surveillance and submits reports to the EU Council.
Uradne rezerve Malte so se povečale tako v letu 2005 kot v letu 2006.
European Council: provides the EU with the necessary impetus for its development and defines the general political guidelines thereof.
Dolgoročne obrestne mere na Malti so bile v referenčnem obdobju na ravni 4,3%, kar je precej pod referenčno vrednostjo kriterija obrestnih mer, ki znaša 6,4%.
It brings together the Heads of State or Government of the Member States and the President of the European Commission (see also EU Council). It does not have legislative capacity.
Dolgoročne obrestne mere na Malti kot tudi razlika med njimi in donosnostjo državnih obveznic v euroobmočju so se v zadnjih letih na splošno zmanjšale.
The two main tasks of the EMI were to strengthen central bank cooperation and monetary policy coordination and to make the preparations required for the establishment of the European System of Central Banks, for the conduct of the single monetary policy and for the creation of a single currency in Stage Three.
Glede na projekcije Odbora za ekonomsko politiko EU in Evropske komisije se bodo na Malti s staranjem prebivalstva povezani javnofinančni izdatki v obdobju do leta 2020 povečali za 2,2 odstotne točke BDP, v obdobju od 2020–2050 pa za 0,3 odstotne točke.
European Parliament: an institution of the European Union. It comprises 785 representatives of the citizens of the Member States (as of January 2007).
Čeprav te projekcije ne upoštevajo javne pokojninske reforme, ki jo je parlament sprejel decembra 2006, pa predhodna ocena Evropske komisije kaže, da reforma ni izboljšala izgledov za dolgoročno vzdržnost javnih financ.
The Parliament plays a role in the EU’s legislative process, although with differing prerogatives that depend on the procedures through which the respective EU legislation is to be enacted.
Malta bo to breme lažje nosila, če si bo še pred poslabšanjem demografskih razmer ustvarila zadosten manevrski prostor v svojih javnih financah.
European System of Central Banks (ESCB): the central banking system of the European Union.
Malteška lira sodeluje v ERM II od 2. maja 2005, tj. v dvoletnem referenčnem obdobju med majem 2005 in aprilom 2007.
Composed of the ECB and the NCBs of all 27 EU Member States, i.e. it includes, in addition to the members of the Eurosystem, the NCBs of those Member States that have not yet adopted the euro.
Centralna pariteta malteške valute je bila določena na ravni 0,429300 lire za euro – kar je bil tržni tečaj ob vstopu –, s standardnim razponom nihanja v višini ±15%.
The ESCB is governed by the Governing Council and the Executive Board of the ECB, and, as a third decision-making body of the ECB, by the General Council.
Ob vstopu v mehanizem se je malteška lira vezala na euro, prej pa je bila vezana na košarico valut (ki je vsebovala euro, britanski funt in ameriški dolar).
Eurostat: the Statistical Office of the European Communities.
Dogovor o sodelovanju v ERM II je temeljil na trdnih
Eurosystem: the central banking system of the euro area. Comprises the ECB and the NCBs of those EU Member States that have adopted the euro (see also euro area).
Na splošno bo morala Malta v prihodnje nadaljevati trajnostno in verodostojno fiskalno konsolidacijo ter izboljšati svoje fiskalno poslovanje s konkretnim zmanjšanjem svojega visokega deleža javnega dolga.
The Eurosystem is governed by the Governing Council and the Executive Board of the ECB.
Prav tako bo pomembno, tako v javnem kot zasebnem sektorju, ohraniti zmerno rast plač, ki bo upoštevala rast produktivnosti dela, razmere na trgu dela in gibanja v konkurenčnih državah.
Excessive deficit procedure: the provision set out in Article 104 of the Treaty and specified in the Protocol on the excessive deficit procedure requires EU Member States to maintain budgetary discipline, defines criteria for a budgetary position to be considered an excessive deficit and regulates steps to be taken following the observation that the requirements for the budget balance or government debt have not been fulfilled.
Pozornost mora biti usmerjena tudi na odpravo strukturnih ovir za gospodarsko rast in ustvarjanje delovnih mest, še zlasti s pospeševanjem vključevanja v trg dela.
It comprises the President and the Vice-President of the ECB and four other members, all of whom are appointed by common accord by the Heads of State or Government of the EU Member States that have adopted the euro.
ECBKonvergenčno poročilomaj 2007
General Council: one of the decision-making bodies of the ECB.
3 POVZETKI PO POSAMEZNIH DRŽAVAH
Governing Council: the supreme decision-making body of the ECB.
(brez kriterija deviznih tečajev)
The net i.i.p. is also referred to as the net external asset position.
Javnofinančni presežek (+) ali primanjkljaj (-)3)
Noncyclical factors: influences on a government budget balance that are not due to cyclical fluctuations (see the cyclical component of the budget balance).
Vira: ESCB in Evropska komisija.1) Povprečne medletne spremembe v odstotkih.2) V odstotkih, letno povprečje. 3) Kot odstotek BDP.
They can therefore result from either structural, i.e. permanent, changes in budgetary policies or from measures with a temporary effect.
Projekcije za leto 2007 je pripravila Evropska komisija.4) Podatki se nanašajo na obdobje od aprila 2006 do marca 2007.5) Države z najboljšimi doseženimi rezultati glede stabilnosti cen so: Finska, Poljska in Švedska.
Potential output is calculated on the basis of the trend rate of growth of the economy.
izboljšanje delovanja trga dela sta v tem pogledu ključna elementa.
A positive output gap means that actual output is above the trend or potential level of output, and suggests the possible emergence of inflationary pressures.
Takšni ukrepi bodo povečali tudi prilagodljivost teh trgov in s tem olajšali prilagajanje v primeru možnih šokov, ki bi lahko prizadeli državo ali posamezne sektorje.
A negative output gap signifies that actual output is below the trend or potential level of output, and indicates the possible absence of inflationary pressures.
Sposobnost absorpcije takšnih šokov je še zlasti pomembna z vidika relativno visoke stopnje specializacije gospodarstva.
Primary balance: the general government’s net borrowing or net lending excluding interest payments on consolidated government debt.
Ti ukrepi bodo pomagali doseči ugodno okolje za cenovno stabilnost ter bodo tudi spodbujali konkurenčnost in zaposlovanje.
Reference period: time interval specified in Article 121 of the Treaty and in the Protocol on the convergence criteria for examining progress towards convergence.
Po nedavnih spremembah in dopolnitvah Zakona o centralni banki Bank Ċentrali ta' Malta/Central Bank of Malta je statut centralne banke Bank Ċentrali ta' Malta/Central Bank of Malta skladen z zahtevami Pogodbe in Statuta za tretjo fazo ekonomske in monetarne unije.
Postal address Postfach 16031960066 Frankfurt am Main Germany
Poštni naslov Postfach 16 03 1960066 Frankfurt am Main Nemčija
Reproduction foreducational and non-commercial purposes is permitted provided that thesource is acknowledged.
Razmnoževanje v izobraževalne innekomercialne namene je dovoljeno,če je naveden vir.
RULES OF PROCEDURE OF THE ECB
POSLOVNIK IZVRŠILNEGA ODBORAEVROPSKE CENTRALNE BANKE
RULES OF PROCEDURE OF THEEXECUTIVE BOARD OF THE ECB
POSLOVNIK RAZŠIRJENEGA SVETAEVROPSKE CENTRALNE BANKE
PROTOCOL ON THE STATUTE OF THE EUROPEAN SYSTEM OF
PROTOKOL O STATUTU EVROPSKEGA SISTEMA CENTRALNIH
DESIRING to lay down the Statute of the European System of Central Banks and ofthe European Central Bankprovidedforin Article8 ofthe Treaty establishing the European Community,
Z ŽELJO oblikovati Statut Evropskega sistema centralnih bank in Evropske centralnebanke, predviden v členu 8 Pogodbe o ustanovitvi Evropske skupnosti,
HAVE AGREED upon the following provisions, which shall be annexed to the Treaty establishingthe European Community.
DOGOVORILE o naslednjih določbah, priloženih Pogodbi o ustanovitvi Evropske skupnosti:
1.2.In accordance with Article 107(1) of this Treaty, the ESCB shall be composedof the ECB and of the central banks of the Member States (‘national central banks’).
1.2.ESCB sestavljajo v skladu s členom 107(1) te pogodbe ECB in centralne banke držav članic (“nacionalne centralne banke”). Institut monétaire luxembourgeois bo centralna banka Luksemburga.
In accordance with Article 105(1) of this Treaty, the primary objective of the ESCB shall be to maintain price stability.
Vskladusčlenom 105(1)te pogodbeje poglavitnicilj ESCB ohranjanje stabilnosti cen.
Without prejudice to the objective of price
ESCB podpira splošne ekonomske politike v Skupnosti, če to ni v nasprotju s ciljem stabilnosti cen, z namenom prispevati k doseganju ciljev Skupnosti, opredeljenih v členu 2 te pogodbe. ESCB ravna po načelu odprtega tržnega
Protocol annexed to the Treaty establishing the European Community(OJ C 191, 29.7.1992, p.
Protokol, ki je priloga k Pogodbi o ustanovitvi Evropske skupnosti (UL C 191, 29. 7. 1992, str.
33) – unofficial consolidated version.
33) – neuradno prečiščeno besedilo.
stability, it shall support the general economic policies in the Community with a view to contributingtothe achievement ofthe objectives ofthe Community as laid down in Article 2 of this Treaty.
učinkovitemu gospodarstva s svobodno konkurenco, pri čemer daje prednost razporejanju virov,in v skladu z načeliiz člena 4te pogodbe.
Article 3
Člen 3Naloge
3.1.In accordance with Article 105(2) ofthis Treaty,the basictasksto be carried out through the ESCB shall be:
V skladu s členom 105(2)te pogodbe sotemeljne naloge ESCB:
– to define andimplementthe monetary policy ofthe Community;
– opredeliti in izvajati monetarno politiko Skupnosti;
– to conduct foreign-exchange operations consistent with the provisions of Article111 ofthis Treaty;
– opravljati devizne posle v skladu z določbami člena 111te pogodbe;
– to hold and managethe official foreign reserves ofthe Member States;
– imetiin upravljati uradne deviznerezerve držav članic;
– to promotethe smooth operation of payment systems.
– podpirati nemoteno delovanje plačilnih sistemov.
3.2.In accordance with Article 105(3) of this Treaty, the third indent of Article 3.1 shall be without prejudice to the holding and management by the governments of Member States offoreign-exchange working balances.
3.2.V skladu s členom 105(3)te pogodbetretja alinea člena 3.1 ne posega vto, daimajo vlade držav članic operativna devizna sredstvain dajih upravljajo.
Article 4 Advisory functions In accordance with Article 105(4) ofthis Treaty:
V skladu s členom 105(4)te pogodbe:
– on any proposed Community actinits fields of competence;
– glede vseh predlaganih aktov Skupnosti na področjihiz njene pristojnosti;