natgillin/translations-raw huggingface dataset:
According to Sections 17, 40, 41 and 44 of the Statistics Authority Act, the confidentiality of statistical data is secured.
To med drugim pomeni, da je treba statutarne cilje z „nacionalnim priokusom” – na primer, kjer se statutarne določbe sklicujejo na obveznost izvajanja denarne politike v okviru splošne ekonomske politike zadevne države članice – prilagoditi.
Confirmed by Eurostat in 2004 and 2006.
PRAVNA INTEGRACIJA NCB V EUROSISTEM
For the most part, confirmed by Eurostat in 2004 and 2006.Instances of non-compliance are limited and likely to have a relatively minor impact in practice on the HICP annual average rates of change.
2.2.6.2 NALOGENaloge NCB države članice, ki je sprejela euro, so v pretežni meri določene s Pogodbo in Statutom glede na status navedene NCB kot
In March 2004 and in 2006, Eurostat validated and confirmed the compliance of all Member States under consideration with the legal minimum standards for the HICP. However, as the HICPs have been harmonised in stages, HICP data before 2001 are not fully comparable with the most recent data.
Določbe v nacionalni zakonodaji (zlasti v statutih NCB in tudi v drugi zakonodaji), ki bi preprečevale opravljanje nalog, povezanih z Eurosistemom, ali skladnost z odločitvami ECB, so nezdružljive z dejanskim delovanjem Eurosistema, ko zadevna država članica sprejme euro.
GOVERNMENT FINANCE STATISTICS
Zato je treba nacionalno zakonodajo
It excludes financial derivatives, such as swaps, as well as trade credits and other liabilities not represented by
ECBKonvergenčno poročilomaj 2007
Currently, no outstanding issues are identified for Cyprus and Malta.
pomeni, da ne smejo obstajati pravne ovire za to, da NCB prenesejo devizne rezerve na ECB.
While government debt is a gross concept in the sense that neither financial nor non-financial assets are deducted from liabilities, it is consolidated within the general government sector and therefore does not include government debt held by other government units.
2.2.6.3 FINANČNE DOLOČBEFinančne določbe v Statutu obsegajo pravila o finančnih poročilih20, reviziji21, vpisu kapitala22, prenosu deviznih rezerv23in razporeditvi denarnih prihodkov24.
The measure of GDP used for compiling government deficit and debt ratios is the ESA 95 GDP at current market prices.
NCB mora biti omo- sestavnega dela Eurosistema.
In April 2007 the European Commission transmitted to the ECB data on general government financial positions (general government deficit/surplus and debt) for the period 1997 to 2006 and forecasts for 2007.
Da bi bile določbe o nalogah v statutih NCB skladne s členom 109 Pogodbe, jih je treba primerjati z zadevnimi določbami Pogodbe in Statuta, sleherna nezdružljivost pa mora biti odpravljena.16To velja za vsako določbo, ki po sprejetju eura in integraciji v Eurosistem predstavlja oviro pri izvajanju nalog, povezanih z ESCB, in predvsem za določbe, ki ne spoštujejo pooblastil ESCB na podlagi Poglavja IV Statuta.
In addition, it requests figures on general government debt with breakdowns by instrument, by initial and residual maturity and by holder.
gočeno, da izpolnjujejo svoje obveznosti iz teh določb, zato je treba vse nezdružljive nacionalne določbe razveljaviti.
The change in government debt outstanding at the end of two consecutive years may diverge from the government deficit/surplus for the respective year. For example, government debt may be reduced by using the receipts from privatising public corporations or by selling other financial assets without any (immediate)
Vsi nacionalni pravni predpisi v zvezi z denarno politiko morajo priznavati, da je denarna politika Skupnosti naloga, ki jo je treba izvajati v okviru Eurosistema.17Statuti NCB lahko vsebujejo določbe o instrumentih denarne politike.
As regards compliance with the legal requirement for Member States to transmit government financial positions to the European Commission, annual revenue, expenditure, deficit/surplus and debt data for the period 1997-2006 have been transmitted by the Member States under consideration.
Takšne določbe bi bilo treba primerjati s tistimi iz Pogodbe in Statuta, sleherna nezdružljivost pa mora biti odpravljena, da se doseže skladnost s členom 109 Pogodbe.
Guideline of the ECB of 17 February 2005 on the statistical reporting requirements of the ECB and the procedures for exchanging statistical information within the European System of Central Banks in the field of government finance statistics (ECB/2005/5); amended by Guideline ECB/2006/27.
2.2.6.4 POLITIKA DEVIZNEGA TEČAJADržava članica z odstopanjem lahko ohrani nacionalno zakonodajo, ki določa, da je vlada odgovorna za politiko deviznega tečaja te države članice, pri čemer se NCB dodeli svetovalna in/ali izvršilna vloga.
An increase in these indices corresponds to an appreciation of the Member State’s currency. Overall trade weights refer to trade in manufactured goods and are calculated to account for third-market effects.
Vendar pa mora z dnem, ko država članica sprejme euro, takšna zakonodaja odražati dejstvo, da se je odgovornost za politiko deviznega tečaja v euroobmočju prenesla na raven Skupnosti v skladu s členom 111 Pogodbe.
The effective exchange rate indices are based on moving weights for the periods from 1995 to 1997 and 1999 to 2001, which are linked in January 1999.
Člen 111 dodeljuje odgovornost za takšno politiko Svetu EU v tesnem sodelovanju z ECB.
Moreover, the DDA is relatively large in the years 2002 and 2006, (4.0% and -4.7% of GDP respectively). However, the DDA in these two years largely reflects the effect of privatisation receipts.
Poleg tega mora nacionalna zakonodaja dopuščati, da lahko NCB, če jim ECB to odobri, sodelujejo v mednarodnih monetarnih institucijah (člen 6.2 Statuta).
Article 4 of Protocol No 21 on the convergence criteria referred to in Article 121 of the Treaty requires interest rates to be measured on the basis of longterm government bonds or comparable securities, taking into account differences in national definitions.
Nacionalni pravni predpisi, ki dajejo NCB izključno pravico do izdajanja bankovcev, morajo priznavati, da ima po sprejetju eura Svet ECB izključno pravico odobriti izdajanje eurobankovcev na podlagi člena 106(1) Pogodbe in člena 16 Statuta.
Article 3 of Protocol No 21 on the convergence criteria referred to in Article 121 of the Treaty specifies what is meant by the criterion on participation in the exchange rate mechanism of the European Monetary System. In a policy position dated 18 December 2003, the Governing Council of the ECB clarified that the criterion refers to participation in the exchange rate mechanism (ERM II) for a period of at least two years prior to the convergence assessment without severe tensions, in particular without devaluing against the euro.
Nacionalni pravni predpisi, ki vladam omogočajo, da vplivajo na zadeve, kot so denominacije, tiskanje, obseg in umik eurobankovcev, je treba prav tako, odvisno od primera, razveljaviti ali pa morajo priznavati pooblastila ECB v zvezi z eurobankovci, kot je določeno v zgoraj navedenih določbah Pogodbe in Statuta.
See “Stock-flow adjustment (SFA) for the Member States, the euro area and the EU 27 for the period 2003-2006, as reported in the April 2007 EDP notification”, Eurostat, 23 April 2007, http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/STOCK_ FLOW_2007/EN/STOCK_FLOW_2007-EN.PDF
Ne glede na razdelitev odgovornosti v zvezi s kovanci med vladami in NCB morajo zadevne določbe priznavati pooblastila ECB, da po sprejetju eura odobri obseg izdaje eurokovancev.
Table 2 Statistical framework for defining longterm interest rates for the purpose of assessing convergence
Glede upravljanja deviznih rezerv18vsaka država članica, ki je sprejela euro in ne prenese
As close as possible to ten years’ residual maturity. Any replacement of bonds should minimise maturity drift; the structural liquidity of the market must be considered.
16 Glej zlasti člena 105 in 106 Pogodbe ter člene 3 do 6 in 16 Statuta.17 Prva alinea člena 105(2) Pogodbe.18 Tretja alinea člena 105(2) Pogodbe.19 Razen operativnih deviznih sredstev, ki jih vlade držav članic lahko obdržijo na podlagi člena 105(3) Pogodbe.20 Člen 26 Statuta.21 Člen 27 Statuta.22 Člen 28 Statuta.23 Člen 30 Statuta.24 Člen 32 Statuta.
The selected bonds should be sufficiently liquid.
svojih uradnih deviznih rezerv19 na svojo NCB, krši Pogodbo.
the NCBs for transmission to the Commission. This is a continuation of the work carried out by the EMI as part of the preparations for Stage Three of EMU in close liaison with the Commission.
Poleg tega pravica tretje osebe – na primer vlade ali parlamenta –, da vpliva na odločitve NCB v zvezi z upravljanjem uradnih deviznih rezerv, ni v skladu s tretjo alineo člena 105(2) Pogodbe.
Longterm interest rates refer to bonds denominated in national currency.
NCB morajo oskrbeti ECB tudi z deviznimi rezervami sorazmerno s svojimi deleži v vpisanem kapitalu ECB. To
This report examines the sum of the current account balance and the balance on the capital account, which corresponds to the net lending/net borrowing of the total economy.
ECBKonvergenčno poročilomaj 2007
Public procurement procedures, as specified under the Law on public procurement procedures coordination, are applicable to the Central Bank of Cyprus even in cases where the contract relates to and/or is connected with the Central Bank of Cyprus’s performance of ESCB-related tasks.
2.2.6.6 RAZNO Poleg zgornjih vprašanj obstajajo v primeru nekaterih držav članic še druga področja, na katerih je treba prilagoditi nacionalne določbe (na primer na področju klirinških in plačilnih sistemov ter izmenjave informacij).
ECB Convergence Report May 2007
POVZETKI PO POSAMEZNIH DRŽAVAH
MONETARY POLICYThe ECB’s Convergence Report of December 2006 noted that Article 6(2)(a) and Articles 10 and 11 of the Law, providing for the Central Bank of Cyprus’s powers in the field of monetary policy, were incompatible with the Treaty and the Statute.
Novejša gibanja kažejo, da je inflacija po HICP na začetku leta 2006 postopoma rasla, tako da je avgusta dosegla 2,7%, nato pa se je marca 2007 zaradi umiritve cen energentov upočasnila na 1,4%.
Articles 6 and 27 to 30 of the amending law remove this incompatibility by recognising the ECB’s powers in this field.
V referenčnem obdobju je 12-mesečna povprečna stopnja inflacije po HICP na Cipru znašala 2,0%, kar je precej pod referenčno vrednostjo 3,0%, določeno v Pogodbi.
A clarification of such inconsistency would be appropriate in a further revision of the Law.
Sodeč po najnovejših podatkih se bo v prihodnjih mesecih še nekoliko zmanjšala.
5.1.4.3 INSTRUMENTSThe ECB’s Convergence Report of December 2006 noted that Articles 39, 40 and 44 of the Law, which provide for the Central Bank of Cyprus’s powers in relation to monetary policy instruments, were incompatible with the Treaty and the Statute.
Glede prihodnjega gibanja inflacije se zadnje razpoložljive napovedi najpomembnejših mednarodnih institucij gibljejo od 1,3% do 2,1% za leto 2007 in od 1,9% do 2,1% za leto 2008.
The amending law removes this incompatibility by expressly referring to the Central Bank of Cyprus as an integral part of the ESCB, with an obligation to act in accordance with the ECB’s guidelines and instructions. The amending law acknowledges the primacy of the Treaty and the Statute when the Central Bank of Cyprus carries out its tasks and abolishes, with effect from the date the euro is adopted, the Monetary Policy Committee.
Tveganja glede napovedi inflacije so usmerjena navzgor in povezana z načrtovanim zvišanjem nižje stopnje DDV na določeno blago in storitve zaradi usklajevanja z EU, kar naj bi inflaciji predvidoma dodalo okrog 1 odstotno točko, možnimi sekundarnimi učinki pretekle in pričakovane prihodnje rasti inflacije, prihodnjim neugodnim gibanjem cen nafte ter gibanjem plač v razmerah hitre rasti domačega povpraševanja in kreditov.
Concerning Article 72A of the Law, providing that directives, acts and decisions of the Monetary Policy Committee continue to be in force until they are amended or repealed, the ECB understands that this provision also covers non-monetary policy-related legal acts issued by the Monetary Policy Committee, as well as acts and decisions on the implementation of the Eurosystem’s monetary policy framework.
Zniževanje obrestnih mer za posojila v domači valuti zaradi približevanja ravni euroobmočja in zmanjševanje obveznih rezerv monetarnih finančnih institucij predstavljata dodatno navzgor usmerjeno tveganje za inflacijo.
Therefore, the ECB expects that all directives, acts and decisions of the Monetary Policy Committee which are not fully consistent with the Eurosystem’s framework will be repealed or adapted at the time of effective application of the Law, in line with the Treaty.
Navzdol usmerjena tveganja so povezana znadaljnjimi učinki liberalizacije sektorjev, kot sta telekomunikacijski in energetski, ter omejitvijo plač v javnem sektorju, povečanim pritokom delovne sile, ki bi lahko vplival na zmanjšanje rasti plač, ter ugodnimi gibanji cen nafte.
Article 34(b) and Articles 36 and 43 of the amending law remove this incompatibility by recognising the ECB’s powers in this field.
Dodatno navzdol usmerjeno tveganje predstavlja možna oslabitev mednarodnega povpraševanja in učinek, ki bi ga to imelo na izvoz turističnih storitev.
The ECB’s Convergence Report of December 2006 noted that Article 41 and Article 46(2) of the Law, which impose minimum reserve requirements on banks, were incompatible with the Treaty and the Statute.
Kot kaže pregled daljšega preteklega obdobja, je bila inflacija po HICP na Cipru obrzdana, tako da so bila obdobja relativno visoke inflacije zgolj občasna.
ISSUING BANKNOTESThe ECB’s Convergence Report of December 2006 noted that Articles 27 to 31 of the Law, establishing the Central Bank of Cyprus’s exclusive right to issue banknotes and coins in Cyprus, were incompatible with the Treaty and the Statute.
Med letoma 1997 in 2006 je v glavnem nihala med 2% in 3%, čeprav je v letih 2000 in 2003 skočila na 4,9% oziroma 4,0%, v veliki meri zaradi velikega povečanja cen energentov in hrane, pa tudi zaradi postopnega zviševanja trošarin na energente in stopnje DDV z 10% na 15% v letih 2002–03, povezanega z usklajevanjem z EU.
Article 38 of the amending law removes this incompatibility by recognising the ECB’s powers in this field.
Takšno dolgoročno gibanje inflacije odraža številne pomembne odločitve politik, zlasti dolgoletno tradicijo vezanega deviznega tečaja, ki sega v leto 1960.
However, as regards Article 46(2) of the Law, providing that the Central Bank of Cyprus may, at its discretion, pay interest on specified deposits by banks, the
Od leta 1992 dalje je bil ciprski funt sprva vezan na ECU in kasneje na euro, 2. maja 2005 pa je Ciper vstopil v ERM II s standardnim razponom nihanja v višini ±15%.
Articles 21 to 25 of the amending law remove this incompatibility by expressly subordinating the Central Bank of Cyprus’s right to issue banknotes and coins to the provisions of Article 106 of the Treaty.
K relativno obrzdani inflaciji je pripomogla tudi liberalizacija trgov proizvodov in mrežnih dejavnosti.
ECB understands that this provision refers to foreign currency accounts, or if referring to euro-denominated accounts it must be read in conjunction with Article 41 of the Law, which makes reference to Article 19 of the Statute.
Nasprotno pa fiskalna politika, gledano v celoti, od leta 1996 dalje ni bila povsem v podporo cenovni stabilnosti, čeprav se je stanje v zadnjih letih izboljšalo.
Thus, their terms and conditions will always correspond to those of the ECB.
Na relativno obrzdano gibanje inflacije med letoma 1998 in 2001 je treba gledati upoštevajoč razmere solidne gospodarske rasti, ki je bila realno večinoma okrog 5%.
A clarification of that provision, in a further revision of the Law, would be welcome.
V letih 2002 in 2003 se je umirila na okrog 2%, vendar se je v obdobju 2004–06 ponovno povečala na skoraj 4%.
5.1.4.5 EXCHANGE RATE POLICYThe ECB’s Convergence Report of December 2006 noted that Article 6(2)(b) and Article 37 of the Law, empowering the Central Bank of Cyprus to set exchange rates for the Cyprus pound, were incompatible with the Treaty.
Stopnja brezposelnosti je ostala relativno nizka, čeprav se od leta 2002 nekoliko zvišuje, trg delovne sile na Cipru pa je relativno prilagodljiv.
The ECB’s Convergence Report of December 2006 noted that Article 65 of the Law, which establishes offences for anyone infringing any of the provisions of the Law, was incompatible with the Treaty and the Statute.
Po zelo visoki rasti plač v letih 2002 in 2003, zlasti v javnem sektorju, so se pritiski na rast plač v naslednjih dveh letih bistveno zmanjšali, zaradi česar je bila tudi rast stroškov dela na enoto proizvoda zmernejša.
Article 59 of the amending law removes this incompatibility by recognising the ECB’s powers in this field.
Uvozne cene so občasno nihale in so se po letu 2003 nekoliko povečale zaradi višjih cen nafte.
FINANCIAL REPORTINGThe ECB’s Convergence Report of December 2006 noted that Part IX of the Law, which deals inter alia with the Central Bank of Cyprus’s annual financial statements, does not currently reflect the Central Bank of Cyprus’s obligation to comply with the Eurosystem’s regime for financial reporting of NCB operations pursuant to Article 26 of the Statute.
V referenčnem letu 2006 je zabeležil proračunski primanjkljaj v višini 1,5% BDP, kar je precej pod referenčno vrednostjo.
See Opinions CON/2006/33 and CON/2006/50, reaffirming the view that the Auditor General is not an external auditor within the meaning of Article 27.1 of the Statute.
Evropska komisija napoveduje, da bo leta 2007 znašal 1,4% DBP.
Paragraph 2.2 of Opinion CON/2006/50 concluded: “Subsection 1(b) of the draft provision provides that the Auditor General may carry out financial and management audits of those activities of the CBC that are not related to its ESCB tasks and competences, provided that his reports and audit activities do not impinge on the CBC’s independence.
Delež javnega dolga v BDP je v letu 2006 padel na 65,3% in naj bi se po napovedih v letu 2007 še dodatno zmanjšal na 61,5%, kar pa je še vedno nad referenčno vrednostjo 60%.
The ECB also welcomes subsection 1(b) and the draft provision’s definition of management audit, which preclude any interference with the audit to be carried out by the CBC’s independent external auditors.”
Potrebna bo nadaljnja konsolidacija, če želi Ciper doseči srednjeročni cilj iz Pakta za stabilnost in rast, ki je v konvergenčnem programu iz decembra
purchasing their debt instruments, needed to be extended to be consistent with the Treaty and fully mirror Article 101 of the Treaty, to avoid any confusion as to which entities are covered by the monetary financing prohibition.
2006 številčno opredeljen kot ciklično prilagojen primanjkljaj brez začasnih ukrepov v višini 0,5% BDP.
The ECB’s Convergence Report of December 2006 noted that Article 3 of the Act did not make any reference to the Central Bank of Malta as an integral part of the ESCB or to its obligation to act in accordance with the ECB’s legal acts and instruments.
Glede drugih fiskalnih dejavnikov v letu 2006 delež primanjkljaja v BDP ni presegel deleža javnih investicijskih odhodkov v BDP.
The latest amendments remove this incompatibility by adding a new Article 8(5) in the Act aligning the grounds for relieving the Governor and the Deputy Governor from office with those set out in Article 14.2 of the Statute. Furthermore Article 9(1) of the Act has been amended to exclude the Governor and the Deputy Governor from being subject to the grounds for disqualification and resignation that apply to the other Directors.
Glede na najnovejše projekcije Odbora za ekonomsko politiko EU in Evropske komisije bo na Cipru v obdobju 2004–2050 predvidoma prišlo do občutnega povečanja s staranjem prebivalstva povezanih javnofinančnih odhodkov, in sicer v višini 11,8 odstotnih točk BDP, kar je največ med državami članicami EU.
The latest amendments remove this incompatibility by referring to these aspects, as well as consequential rights and obligations, in Article 3(1) of the Act.
Ciper bo to breme lažje nosil, če si bo še pred poslabšanjem demografskih razmer ustvaril zadosten manevrski prostor v svojih javnih financah.
The ECB understands that such information exchange is without prejudice to the ESCB’s confidentiality regime.
tudi zelo majhna volatilnost.
A clarification of this provision, by means of an explicit reference to Article 38 of the Statute, would be welcome in a further revision of the Act.
Hkrati so se razlike med kratkoročnimi obrestnimi merami in trimesečno obrestno mero EURIBOR do konca obravnavanega obdobja postopoma zaprle.
5.2.4.1 ECONOMIC POLICY OBJECTIVESThe ECB’s Convergence Report of December 2006 noted that Article 4(1) of the Act stated that the Central Bank of Malta’s primary objective was to maintain price stability, but went on to state that, without prejudice to this objective, the Central Bank of Malta had to promote orderly and balanced economic development.
Marca 2007 je bil realni tečaj ciprskega funta tako dvostransko do eura kot efektivno blizu dolgoročnemu povprečju, izračunanemu za obdobje od januarja 1996 dalje in od uvedbe eura leta 1999 dalje.
The latest amendments remove this incompatibility by amending Article 4 of the Act to make reference to the relevant provisions of the Treaty and Statute.
Kar zadeva ostala zunanja gibanja, je Ciper skoraj dosledno poročal o skupnem primanjkljaju tekočega in kapitalskega računa plačilne bilance, ki je bil občasno velik.
Moreover, Article 4(2) contained a list of further objectives which relate to the Central Bank of Malta’s principal business and powers.
V zadnjih letih se je ta primanjkljaj povečal – z 2,0% BDP v letu 2003 na 5,9% BDP v letu 2006 –, pretežno zaradi vse večjega blagovnega primanjkljaja, medtem ko je storitveni presežek ostal skoraj nespremenjen.
The ECB’s Convergence Report of December 2006 noted that the range of public sector entities referred to in Article 27(1) of the Act, which prohibited the Central Bank of Malta from granting overdrafts or any other type of credit facility to the Maltese Government or to any public undertaking, public authority or Government-owned corporation, or from
Primanjkljaj se je večinoma financiral z neto prilivi neposrednih naložb (delno v obliki reinvestiranih dobičkov) in kapitalskimi prilivi v obliki „ostalih naložb”, pretežno depozitov in posojil nerezidentov.
5EXAMINATION OF COMPATIBILITYOF NATIONALLEGISLATION WITH THE TREATY
Ker so kapitalski prilivi med letoma 2004 in 2006 presegali primanjkljaj tekočega in kapitalskega računa, so se v tem obdobju povečale uradne rezerve Cipra.
Central Bank of Malta’s tasks is contained in the new Article 5 of the Act, in accordance with the Statute.
Ciper sodeluje v ERM II od 2. maja 2005, tj. v dvoletnem referenčnem obdobju med majem 2005 in aprilom 2007.
The latest amendments remove this incompatibility by making reference to the ECB’s exclusive powers in the new Part X of the Act.
Centralna pariteta ciprske valute je bila določena na ravni 0,585274 funta za euro – kar je tudi tečaj, po katerem se je funt na začetku leta 1999 enostransko vezal na euro –, s standardnim razponom nihanja v višini ±15%.
The latest amendments remove this incompatibility by stating in the new Article 5(1)(a) that the Central Bank of Malta has the power to implement monetary policy in accordance with the Treaty and the Statute.
Dogovor o sodelovanju v ERM II je temeljil na trdnih zavezah Cipra na področju številnih politik.
These provisions did not recognise the ECB’s powers in this field.
Tako je Ciper vse od vstopa v ERM II vodil politiko stabilnega tečaja do eura.
The ECB’s Convergence Report of December 2006 noted that Article 17A(1) of the Act, which empowered the Central Bank of Malta in the field of monetary policy, did not recognise the ECB’s powers in this field.
Funt je ostajal blizu svoje centralne paritete, in sicer na močnejši strani standardnega razpona nihanja, pri čemer je bila zanj značilna