natgillin/translations-raw huggingface dataset:
“Eurosystem staff macroeconomic projections for the euro area”, June 2007 (online only).“The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions”, July 2007 (online only).“Fifth SEPA progress report”, July 2007 (online only).“Potential impact of Solvency II on financial stability”, July 2007.“The role of central counterparties – issues related to central counterparty clearing”, ECB-Fed Chicago conference, 34 April 2006, July 2007.“European legislation on financial markets: Settlement Finality Directive, Financial Collateral Directive, Winding-Up Directive for Credit Institutions”, July 2007.“Payment and securities settlement systems in the European Union (Blue Book)”,Vol.
Kreditna institucija: i) družba, ki se ukvarja s sprejemanjem vlog ali drugih odplačljivih sredstev in z odobravanjem posojil za svoj lastni račun; ali ii) družba ali katera koli druga pravna oseba, razen tistih pod i), ki izdaja plačilna sredstva v obliki elektronskega denarja.
1: euro area countries, Vol.
Lastniški kapital: vrednostni papirji, ki predstavljajo lastništvo deleža neke družbe.
“The role of money – money and monetary policy in the twenty-first century – proceedings of the Fourth ECB Central Banking Conference 2006”, February 2008.
Lizbonska strategija: celovit program strukturnih reform, katerih namen je zagotoviti, da EU postane „najbolj dinamično in konkurenčno, na znanju temelječe gospodarstvo na svetu”.
INFORMATION BROCHURES“A single currency: an integrated market infrastructure”, September 2007.
MFI (monetarne finančne institucije): finančne institucije, ki skupaj tvorijo denarni sektor v euroobmočju.
This glossary contains selected terms that are used in the Annual Report.
Operacija fi nega uravnavanja: operacija odprtega trga, ki jo Eurosistem izvaja za izravnavanje nepričakovanih likvidnostnih nihanj na trgu.
A more comprehensive and detailed glossary can be found on the ECB’s website.
Pogostost in trajanje teh operacij nista standardizirana.
Balance of payments (b.o.p.): a statistical statement that summarises, for a specific period of time, the economic transactions of an economy with the rest of the world.
Operacija glavnega refinanciranja: redna operacija odprtega trga, ki jo izvaja Eurosistem v obliki povratne transakcije.
The transactions considered are those involving goods, services and income; those involving financial claims on, and liabilities to, the rest of the world; and those (such as debt forgiveness) that are classified as transfers.
Take operacije se izvajajo kot tedenske standardne avkcije in imajo navadno rok dospelosti 1 teden.
Benchmark portfolio: in relation to investments, a reference portfolio or index constructed on the basis of the objectives for the liquidity and risk of, as well as the return on, the investments.
Glede na njihove cilje, rednost in postopke je operacije odprtega trga Eurosistema mogoče razdeliti v štiri skupine: operacije glavnega refinanciranja, operacije dolgoročnejšega refinanciranja, operacije fi nega upravljanja in strukturne operacije.
The benchmark portfolio serves as a basis for comparison of the performance of the actual portfolio.
Z vidika uporabljenih instrumentov so povratne transakcije glavni instrument odprtega trga Eurosistema in se lahko uporabijo za vse štiri skupine operacij.
Bond market: the market in which longerterm debt securities are issued and traded.
Poleg tega sta za strukturne operacije na voljo še izdaja dolžniških certifikatov in dokončne transakcije, medtem ko so za izvajanje operacij fi nega uravnavanja na voljo dokončne transakcije, valutne zamenjave in zbiranje vezanih vlog.
Accession negotiations with Croatia and Turkey began on 3 October 2005, while those with the former Yugoslav Republic of Macedonia have not yet started.
Osnova za obvezne rezerve: seštevek določenih bilančnih postavk (zlasti obveznosti), ki predstavljajo osnovo za izračun obveznih rezerv kreditne institucije.
Central counterparty: an entity that interposes itself between the counterparties to the contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer.
Pakt za stabilnost in rast: namen Pakta za stabilnost in rast je zagotoviti zdrave javne finance v tretji fazi ekonomske in monetarne unije in tako s strožjimi pogoji za stabilnost cen prispevati k visoki in vzdržni rasti ter ustvarjanju novih delovnih mest.
Central government: the government as defined in the European System of Accounts 1995 but excluding regional and local governments (see also general government).
Zato Pakt za stabilnost in rast državam članicam predpisuje srednjeročne proračunske cilje. Vsebuje tudi konkretna določila glede postopka v zvezi s čezmernim primanjkljajem.
Central securities depository (CSD): an entity that i) enables securities transactions to be processed and settled by book entry, and ii) plays an active role in ensuring the integrity of securities issues.
Pakt sestavljajo Resolucija Evropskega sveta o paktu o stabilnosti in rasti, sprejeta 17. junija 1997 na vrhu v Amsterdamu, in dve uredbi Sveta, in sicer (i) Uredba (ES) št. 1466/97 z dne 7. julija 1997 o okrepitvi nadzora nad proračunskim stanjem ter o nadzoru in usklajevanju gospodarskih politik, kakor je bila spremenjena z Uredbo (ES) št. 1055/2005 z dne 27. junija 2005, in (ii) Uredba (ES) št.1467/97 z dne 7. julija 1997 o pospešitvi in razjasnitvi izvajanja postopka v zvezi s čezmernim primanjkljajem, kakor je bila spremenjena z Uredbo (ES) št. 1056/2005 z dne 27. junija 2005.
Securities can be held in physical (but immobilised) or dematerialised form (i.e. so that they exist only as electronic records).
Pakt za stabilnost in rast dopolnjuje poročilo Ekonomsko-finančnega sveta z naslovom „Izboljšanje izvajanja pakta za stabilnost in rast”, ki ga je sprejel Evropski svet v Bruslju 22. in 23. marca 2005.
Collateral: assets pledged or otherwise transferred (e.g. by credit institutions to central banks) as a guarantee for the repayment of loans, as well as assets sold (e.g. by credit institutions to central banks) under repurchase agreements.
Dopolnjuje ga tudi novi kodeks ravnanja „Specifikacije izvajanja pakta za stabilnost in rast in smernice o obliki in vsebini stabilnostnih in konvergenčnih programov”, ki ga je sprejel Ekonomsko-finančni svet 11. oktobra 2005.
Consolidated balance sheet of the MFI sector: a balance sheet obtained by netting out interMFI positions (e.g. interMFI loans and deposits) in the aggregated MFI balance sheet.
Plačilna bilanca: statistični izkaz, ki za določeno časovno obdobje zajema ekonomske transakcije določenega gospodarstva s tujino.
It provides statistical information on the MFI sector’s assets and liabilities vis-à-vis residents of the euro area not belonging to this sector (i.e. general government and other euro area residents) and vis-à-vis noneuro area residents.
Zajete so transakcije, ki se nanašajo na blago, storitve in dohodke, transakcije, ki se nanašajo na finančne terjatve in obveznosti do tujine, in transakcije (npr. odpis dolga), ki so razvrščene kot transferji.
Corporate governance: rules, procedures and processes according to which an organisation is directed and controlled.
Pogodba ES: izraz se nanaša na Pogodbo o ustanovitvi Evropske skupnosti („Rimska pogodba”).
The corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organisation – such as the board, managers, shareholders and other stakeholders – and lays down the rules and procedures for decision-making.
Pogodba je bila večkrat spremenjena, zlasti s Pogodbo o Evropski uniji („Maastrichtska pogodba”), ki je postavila temelje za ekonomsko in monetarno unijo in je vsebovala Statut ESCB.
Corporate profitability: a measure of the earnings performance of corporations, mainly in relation to their sales, assets or equity.
Pogodba o povratnem nakupu: dogovor o prodaji in ponovnem nakupu vrednostnih papirjev na določen datum in po določeni ceni.
operating expenses) to sales, the ratio of net income (operating and non-operating income, after tax, depreciation and extraordinary items) to sales, the return on assets (relating net income to total assets) and the return on equity (relating net income to shareholders’ funds).
Poravnalno tveganje: tveganje, da poravnava v plačilnem sistemu ne bo potekala po pričakovanjih, običajno zaradi tega, ker stranka ne izpolni obveznosti iz ene ali več poravnav.
At the macroeconomic level, the gross operating surplus, based on national accounts, for instance in relation to GDP or value added, is often used as a measure of profitability. tability.
Poravnalno tveganje obsega predvsem operativno tveganje, kreditno tveganje in likvidnostno tveganje.
Correspondent central banking model (CCBM): a mechanism established by the Eurosystem with the aim of enabling counterparties to use eligible assets on a crossborder basis.
Portfeljske naložbe: neto transakcije in/ali stanja rezidentov euroobmočja z vrednostnimi papirji, ki so jih izdali nerezidenti euroobmočja („sredstva”) in neto transakcije in/ali stanja nerezidentov euroobmočja z vrednostnimi papirji, ki so jih izdali rezidenti euroobmočja („obveznosti”).
In the CCBM, NCBs act as custodians for one another.
Vključujejo lastniške in dolžniške vrednostne papirje (obveznice, menice in instrumente denarnega trga), ne pa zneskov, ki so evidentirani kot neposredne naložbe ali rezerve.
Each NCB has a securities account in its securities administration for each of the other NCBs (and for the European Central Bank).
Posojila MFI rezidentom euroobmočja: Posojila MFI rezidentom euroobmočja, ki niso MFI (vključno s širše opredeljeno državo in zasebnim sektorjem), in vrednostni papirji, s katerimi razpolagajo MFI (delnice, drugi lastniški in dolžniški vrednostni papirji), ki jih izdajo rezidenti euroobmočja, ki niso MFI.
For euro area non-financial corporations, it is calculated as a weighted average of the cost of bank lending, the cost of debt securities and the cost of equity, based on the amounts outstanding (corrected for valuation effects) and deflated by inflation expectations.
Navedeni člen 104 dopolnjuje Uredba Sveta (ES) št. 1467/97 z dne 7. julija 1997 o pospešitvi in razjasnitvi izvajanja postopka v zvezi s čezmernim primanjkljajem (kakor je bila spremenjena z Uredbo Sveta (ES) št. 1056/2005 z dne 27. junija 2005), ki je del Pakta za stabilnost in rast.
Counterparty: the opposite party in a financial transaction (e.g. any party transacting with a central bank).
Povratna transakcija: operacija, s katero centralna banka kupi ali proda pogodbo o povratnem nakupu ali sklepa zavarovane posojilne posle.
Credit institution: i) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account; or ii) an undertaking or any other legal person, other than those under i), which issues means of payment in the form of electronic money.
Primarna bilanca: neto izposojanje ali neto posojanje države brez plaobveznosti države.
Credit risk: the risk that a counterparty will not settle an obligation for full value, either when due or at any time thereafter.
Primerjalni portfelj: v zvezi z naložbami, referenčni portfelj ali indeks, ustvarjen na podlagi ciljev glede likvidnosti, tveganja in donosa naložb.
Credit risk includes replacement cost risk and principal risk. It also includes the risk of the failure of the settlement bank.
Primerjalni portfelj se uporablja kot podlaga za primerjavo uspešnosti dejanskega portfelja.
Debt security: a promise on the part of the issuer (i.e. the borrower) to make one or more payments to the holder (the lender) at a specified future date or dates.
Projekcije: rezultati analiz, ki se izvajajo štirikrat letno za napovedovanje mogočih prihodnjih makroekonomskih gibanj v euroobmočju.
Such securities usually carry a specific rate of interest (the coupon) and/or are sold at a discount to the amount that will be repaid at maturity.
Projekcije strokovnjakov Eurosistema so objavljene junija in decembra, projekcije strokovnjakov Evropske centralne banke (ECB) pa marca in septembra.
Debt securities issued with an original maturity of more than one year are classified as long-term.
Projekcije so sestavni del stebra ekonomske analize strategije denarne politike ECB in s tem eden od mnogih prispevkov za oceno tveganj stabilnosti cen, ki jo opravi Svet ECB.
Deposit facility: a standing facility of the Eurosystem which counterparties may use to make overnight deposits, remunerated at a pre-specified interest rate, at an NCB (see also key ECB interest rates).
Razširjeni svet: eden od organov odločanja Evropske centralne banke (ECB).
Direct investment: crossborder investment for the purpose of obtaining a lasting interest in an enterprise resident in another economy (assumed, in practice, for ownership of at least 10% of the ordinary shares or voting power).
Sestavljajo ga predsednik in podpredsednik ECB ter guvernerji vseh nacionalnih centralnih bank Evropskega sistema centralnih bank.
ECOFIN Council: the EU Council meeting in the composition of the ministers of economy and finance. finance.
Realni stroški zunanjega fi nanciranja nefinančnih družb: stroški, ki jih mora nefinančna družba poravnati za pridobitev novih zunanjih sredstev.
Economic analysis: one pillar of the European Central Bank’s framework for conducting a comprehensive analysis of the risks to price stability, which forms the basis for the Governing Council’s monetary policy decisions.
Referenčna vrednost za rast M3: medletna stopnja rasti M3 v srednjeročnem obdobju, ki je skladna z ohranjanjem stabilnosti cen.
Due attention is paid to the need to identify the nature of shocks affecting the economy, their effects on cost and pricing behaviour, and the short to mediumterm prospects for their propagation in the economy (see also monetary analysis).
Sistem BPRČ (bruto poravnava v realnem času): poravnalni sistem, v katerem se obdelava in poravnava izvedeta na osnovi posameznih naročil (brez pobota) v realnem času (nepretrgoma) (glej tudi TARGET).
Economic and Financial Committee (EFC): a consultative Community body which contributes to the preparation of the work of the ECOFIN Council and the European Commission.
Sistem poravnave poslov z vrednostnimi papirji: sistem prenosov, ki omogoča poravnavo poslov z vrednostnimi papirji.
Its tasks include reviewing the economic and financial situation of the Member States and of the Community, and budgetary surveillance.
Obsega vse institucionalne in tehnične rešitve, potrebne za kliring in poravnavo prometa z vrednostnimi papirji ter za zagotavljanje skrbniških storitev v zvezi z vrednostnimi papirji.
Economic and Monetary Union (EMU): the process that led to the single currency, the euro, and the single monetary policy in the euro area, as well as to the coordination of the economic policies of the EU Member States.
Sistemsko tveganje: tveganje, da zaradi nesposobnosti ene institucije, da bi poravnala svoje obveznosti v sistemu, tudi druge institucije do datuma zapadlosti ne bodo mogle poravnati svojih obveznosti.
Stage Three, the final stage, started on 1 January 1999 with the transfer of monetary competence to the European Central Bank and the introduction of the euro.
To lahko povzroči hude likvidnostne ali kreditne težave, ki lahko ogrozijo stabilnost finančnega sistema.
The cash changeover on 1 January 2002 completed the process of setting up EMU.
Takšno nesposobnost lahko povzročijo operativne ali finančne težave.
Effective exchange rate (EER) of the euro (nominal/real): weighted average of bilateral euro exchange rates against the currencies of the euro area’s important trading partners.
Stabilnost cen: ohranjanje stabilnosti cen je osnovni cilj Eurosistema.
The European Central Bank publishes nominal EER indices for the euro against two groups of trading partners: the EER-22 (comprising the 12 noneuro area EU Member States and 10 main trading partners outside the EU) and the EER-42 (composed of the EER-22 and 20 additional countries).
Svet ECB opredeljuje stabilnost cen kot medletno povečanje harmoniziranega indeksa življenjskih potrebščin (HICP) za euroobmočje, ki je manjše od 2%. Svet ECB si je poleg tega v prizadevanjih za stabilnost cen zastavil cilj ohranjati srednjeročno stopnjo infl acije pod 2%, toda blizu te meje.
The weights used reflect the share of each partner country in euro area trade and account for competition in third markets.
Stanje mednarodnih naložb: vrednost in sestava stanja neto fi nančnih imetij (ali fi nančnih obveznosti) gospodarstva do tujine.
Real EERs are nominal EERs deflated by a weighted average of foreign, relative to domestic, prices or costs.
Stopnja obveznih rezerv: količnik, ki ga določi centralna banka za vsako kategorijo bilančnih postavk, ki je vključena v osnovo za obvezne rezerve.
They are thus measures of price and cost competitiveness.
Količnik se uporablja za izračun obveznih rezerv.
EONIA (euro overnight index average): a measure of the effective interest rate prevailing in the euro interbank overnight market.
Svet ECB: najvišji organ odločanja Evropske centralne banke (ECB).
It is calculated as a weighted average of the interest rates on unsecured overnight lending transactions denominated in euro, as reported by a panel of contributing banks.
Sestavljajo ga Izvršilnega odbora in guvernerji nacionalnih centralnih bank držav, ki so uvedle euro.
Equities: securities representing ownership of a stake in a corporation. They comprise shares traded on stock exchanges (quoted shares), unquoted shares and other forms of equity.
Širše opredeljena država: sektor, ki po definiciji Evropskega sistema računov 1995 obsega rezidenčne enote, ki se ukvarjajo predvsem s proizvodnjo netržnega blaga in storitev za individualno in kolektivno potrošnjo in/ali s prerazporeditvijo nacionalnega dohodka in premoženja.
Equities usually produce income in the form of dividends.
Obsega centralne, regionalne in lokalne državne organe ter sklade socialne varnosti, ne zajema pa enot v javni lasti, ki opravljajo poslovno dejavnost, kot so javna podjetja.
Equity market: the market in which equities are issued and traded.
TARGET (transevropski sistem bruto poravnave v realnem času): sistem bruto poravnave v realnem času (BPRČ) za euro: Decentraliziran sistem, ki ga sestavlja 15 nacionalnih sistemov BPRČ, plačilni mehanizem ECB in povezovalni mehanizem.
ERM II (exchange rate mechanism II): the exchange rate mechanism which provides the framework for exchange rate policy cooperation between the euro area countries and the noneuro area EU Member States.
TARGET2: nova generacija sistema TARGET, v kateri nekdanjo decentralizirano tehnituro nadomesti enotna skupna platforma, ki zagotavlja usklajeno storitev z enotnim cenikom.
ERM II is a multilateral arrangement with fixed, but adjustable, central rates and a standard fluctuation band of ±15%.
Trg lastniških vrednostnih papirjev: trg, na katerem se izdaja lastniški kapital in se z njim trguje.
All participants in ERM II, including the ECB, have the right to initiate a confidential procedure aimed at changing the central rates (realignment).
Trg obveznic: trg, na katerem se izdajajo dolgorotrguje.
The ECB is governed by the Governing Council and the Executive Board, and, as a third decisionmaking body, by the General Council.
čnih in zunajbilančnih postavkah), ki nastane zaradi
European Monetary Institute (EMI): a temporary institution established at the start of Stage Two of Economic and Monetary Union on 1 January 1994.
Tržno tveganje: tveganje izgube (v bilangibanj v tržnih cenah.
The ESA 95 is the Community’s version of the world System of National Accounts 1993 (SNA 93).
Upravljanje družbe: postopki in procesi, po katerih je organizacija vodena in nadzirana.
European System of Central Banks (ESCB): composed of the European Central Bank (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.
Struktura upravljanja družbe določa razdelitev pravic in odgovornosti različnim udeležencem v organizaciji – kot so upravni odbor, vodilni delavci, delničarji in drugi zainteresirani – ter postavlja pravila in postopke za sprejemanje odločitev.
Eurosystem credit assessment framework (ECAF): the framework that defines the procedures, rules and techniques which ensure that all eligible assets meet the Eurosystem’s high credit standards.
Valutna zamenjava: promptni nakup (ali prodaja) neke valute in njena so(ali nakup).
Article 104 is supplemented by Council Regulation (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure (as amended by Council Regulation (EC) No 1056/2005 of 27 June 2005), which is one element of the Stability and Growth Pact.
Zavarovanje: finančno premoženje, zastavljeno (zastavijo ga na primer kreditne institucije pri centralni banki) kot garancija za poplačilo posojil, in finančno premoženje, prodano (prodajo ga na primer kreditne institucije centralni banki) na podlagi pogodbe o povratnem nakupu.
CONVERGENCE REPORT MAY 2007
OKVIR ZA ANALIZO
CONVERGENCE R EP OR
POVZETKIPO POSAMEZNIH DRŽAVAH
CONVERGENCEREPORTMAY2007 MAY2007
KONVERGENČNO POROČILO MAJ 2007
In 2007 all ECB publications feature a motif taken from the €20 banknote.
V letu 2007 bo na vseh publikacijah ECB motiv iz bankovca za 20 eurov.
Address Kaiserstrasse 2960311 Frankfurt am Main Germany
Naslov Kaiserstrasse 2960311 Frankfurt am Main Nemčija
Postal address Postfach 16 03 1960066 Frankfurt am Main Germany
Poštni naslov Postfach 16 03 1960066 Frankfurt am Main Nemčija
Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged.
Razmnoževanjev izobraževalne in nekomercialne namene jedovoljeno pod pogojem, da je naveden vir.
The cut-off date for the statistics included in this issue was 26 April 2007.
Presečni datum za statistične podatke v tejpublikaciji je 26. april 2007.
2 FRAMEWORK FOR ANALYSIS 2.1 Economic convergence 2.2 Compatibility of national legislation with the Treaty
2 OKVIR ZA ANALIZO2.1 Ekonomska konvergenca 2.2 Združljivost nacionalne zakonodaje s pogodbo
3 COUNTRY SUMMARIES 3.1 Cyprus 3.2 Malta
3 POVZETKI PO POSAMEZNIH DRŽAVAH3.1 Ciper 3.2 Malta
ECB Convergence Report May 2007
ECBKonvergenčno poročilomaj 2007
In accordance with Community practice, the EU countries are listed in this report using the alphabetical order of the country names in the national languages.
V skladu s prakso Skupnosti so imena držav EU v tem poročilu našteta po zaporedju začetnic držav v nacionalnih jezikih.
These standards should reinforce the independence, integrity and accountability of the national statistical institutes and help to support confidence in the quality of fiscal statistics (see the statistical annex).
1 UVOD jamčiti zaupanje v kvaliteto javnofinančne statistike (glej tudi statistično prilogo k poglavju 4).
The euro was introduced on 1 January 1999.
Euro je bil uveden 1. januarja 1999.
As of now, 13 European Union (EU) Member States have adopted the euro in line with the requirements of the Treaty, the most recent one being Slovenia on 1 January 2007.
Do sedaj ga je v skladu z zahtevami Pogodbe sprejelo 13 držav članic Evropske unije (EU), Slovenija kot zadnja 1. januarja 2007.
At the same time, following the enlargements of the EU in 2004 and 2007, 14 Member States are at present not full participants in Economic and Monetary Union (EMU) and have not yet adopted the euro.
Po širitvi EU leta 2004 in 2007 je trenutno 14 držav članic, ki ne sodelujejo polnopravno v ekonomski in monetarni uniji (EMU) in še niso sprejele eura.
This Convergence Report is structured as follows.
Struktura tega konvergenčnega poročila je naslednja.
Chapter 2 describes the framework used for the examination of economic and legal convergence.
V poglavju 2 je opisan okvir za preučitev ekonomske in pravne konvergence.
Chapter 3 contains the country summaries, which provide the main results of the examination of economic and legal convergence.
Poglavje 3 obsega povzetke po posameznih državah, kjer so opisane glavne ugotovitve o ekonomski in pravni konvergenci.