natgillin/translations-raw huggingface dataset:
However, the term CFI has been maintained in the present communication for those judgments taken before that date.
Toda izraz Sodišče prve stopnje je v tem sporočilu ostal za sodbe, izrečene pred tem datumom.
Draft report on the Report on Competition Policy 2008 (2009/2173(INI)), Ms Sophia in ’t Veld (rapporteur: ALDE Group, NL).SEC(2010) 666.http://ec.europa.eu/competition/index_en.html
Osnutek poročila o Poročilu o politiki konkurence za leto 2008 (2009/2173(INI)), Sophia in ’t Veld (poročevalka – skupina ALDE – NL).SEC(2010) 666.http://ec.europa.eu/competition/index_sl.html
What has been the role of competition policy in the context of the crisis?
Kakšna je vloga politike konkurence v okviru krize?
During 2009, the European Union, alongside the rest of the world, has faced an exceptionally severe financial and economic crisis.
V letu 2009 se je Evropska unija, tako kot preostali svet, spopadala z izjemno resno finančno in gospodarsko krizo.
It has been a challenging year for the economy, business, and policymakers.
Leto je bilo zelo težavno za gospodarstvo, za poslovanje in za oblikovalce politik.
Policymakers have also sought to design policies to minimise the impact of the crisis on the real economy.
Oblikovalci politik so prav tako poskušali oblikovati politike, s katerimi bi čim bolj zmanjšali vpliv krize na realno gospodarstvo.
Indeed, early on in the crisis, the Member States decided to inject large amounts of State aid into the financial sector. e European Commission became involved, through its powers to scrutinise State aid under the Treaty provisions on competition.
Kmalu po izbruhu krize so se države članice odločile, da bodo finančnemu sektorju namenile velike zneske državne pomoči. Vključila se je Evropska komisija na podlagi svojih pooblastil za nadziranje državne pomoči v skladu z določbami o konkurenci iz Pogodbe ES.
From the beginning of the crisis, competition policy and advocacy played an essential role in preserving one of the EU’s biggest assets: the single market.
Od začetka krize sta imela politika konkurence in zavzemanje za konkurenco bistveno vlogo pri ohranjanju ene od največjih prednosti EU: notranjega trga.
Between October 2008 and August 2009, the Commission adopted four communications indicating how it would apply the State aid rules to government measures to support the financial sector in the context of the current crisis.
Komisija je 13. oktobra 2008 sprejela smernice o uporabi pravil o državni pomoči za programe državne podpore in individualno pomoč finančnim institucijam (sporočilo o bančništvu)(4).
On 13 October 2008 the Commission adopted guidance on the application of State aid rules to State support schemes and individual assistance for financial institutions (Banking communication) (4). is guidance was issued following the collapse of Lehman Brothers on 15 September 2008, the rescue needs of important market players such as Fortis, Dexia, Bradford & Bingley, and Hypo Real Estate and the announcement of bank bailout or guarantee schemes by Member States such as Denmark and Ireland. 11. e Commission had to deal with numerous notifications of emergency aid measures by Member States.
Te smernice so bile izdane po zlomu banke Lehman Brothers 15. septembra 2008, nastopu nujnosti reševanja pomembnih igralcev na trgu, kot so Fortis, Dexia, Bradford & Bingley in Hypo Real Estate in napovedi državne pomoči ali jamstvenih shem držav članic, kot sta Danska in Irska. 11. Komisija je morala obravnavati številne priglasitve nujnih ukrepov pomoči, ki so jih predložile države članice.
In order to face up to the crisis, Member States had identified various types of solutions, from guarantee-based schemes to recapitalisations.
Države članice so za premagovanje krize poiskale različne rešitve, od jamstvenih shem do dokapitalizacij.
In-depth discussions took place with the European Central Bank and the Member States and on 5 December 2008, the Commission adopted the Recapitalisation communication (5).
Potekale so poglobljene razprave z Evropsko centralno banko in državami članicami, Komisija pa je 5. decembra 2008 sprejela sporočilo o dokapitalizaciji(5).
Both the Banking and Recapitalisation communications have made it possible to preserve financial stability and to lessen restrictions on the availability of credit whilst keeping distortions in competition to a minimum.
Sporočili o bančništvu in dokapitalizaciji sta omogočili ohranitev finančne stabilnosti in zmanjšanje omejitev glede razpoložljivosti posojil, hkrati pa ohranjanje izkrivljanja konkurence na najnižji možni ravni.
At the same time, the level of remuneration foreseen for State capital, in combination with step-up mechanisms in schemes and individual measures, ensures that this capital is paid back as early as the economic circumstances permit.
Raven nadomestila, predvidenega za državni kapital, v kombinaciji z mehanizmi za povečanje pri shemah in posameznih ukrepih, pa hkrati zagotavlja, da bo ta kapital povrnjen, takoj ko bodo to omogočale gospodarske razmere.
Between October 2008 and 31 December 2009, the Commission has approved guarantee schemes for 12 Member States (6).
V obdobju med oktobrom 2008 in 31. decembrom 2009 je Komisija odobrila jamstvene sheme za 12 držav članic(6).
Seven Member States implemented pure recapitalisation schemes (7), whilst seven Member States designed mixed/holistic
Sedem držav članic je uvedlo čiste dokapitalizacijske sheme(7), sedem pa jih je pripravilo mešane/celostne sheme(8). Španija, Slovenija,
In terms of aid to individual entities, in 2009 the Commission approved recapitalisation and other support measures to 29 entities (9).
Kar zadeva pomoč posameznim subjektom, je Komisija v letu 2009 odobrila dokapitalizacijske in druge ukrepe pomoči 29 subjektom(9).
Communication from the Commission — The recapitalisation of financial institutions in the current financial crisis: limitation of the aid to the minimum necessary and safeguards against undue distortions of competition (OJ C 10, 15.1.2009, p.
Sporočilo Komisije – Dokapitalizacija finančnih institucij v trenutni finančni krizi: omejitev pomoči na najmanjšo potrebno in zaščitni ukrepi za preprečevanje neupravičenega izkrivljanja konkurence (UL C 10, 15.1.2009, str.
2).Denmark, Ireland, Spain, Italy, Cyprus, Netherlands, Poland, Portugal, Slovenia, Finland, Latvia and Sweden.Denmark, France, Italy, Poland, Portugal, Finland, and Sweden.Germany, Greece, Hungary, Austria, Poland, Slovakia, and the United Kingdom.ING, KBC, Parex Banka, Anglo Irish Bank, Bank of Ireland, Allied Irish BankFortis, Dexia, Nord LB, IKB, Kaupthing Bank Finland, Ethias, SdB, Banco Privado Portugues, Hypo Real Estate, WestLB, Fionia, HSH Nordbank, Hypo Tirol, LBBW, Kaupthing Luxemburg, Caisse d’Epargne/Banque Populaire, Mortgage Bank of Latvia, Northern Rock, Commerzbank, Lloyds Banking Group, BAWAG, Hypo Group Alpe Adria, and RBS.
2).Ciper, Danska, Finska, Irska, Italija, Latvija, Nizozemska, Poljska, Portugalska, Slovenija, Španija in Švedska.Danska, Finska, Francija, Italija, Poljska, Portugalska in Švedska.Nemčija, Združeno kraljestvo, Grčija, Avstrija, Poljska, Madžarska in Slovaška.ING, KBC, Parex Banka, Anglo Irish Bank, Bank of Ireland, Allied Irish BankFortis, Dexia, Nord LB, IKB, Kaupthing Bank Finland, Ethias, SdB, Banco Privado Portugues, Hypo Real Estate, WestLB, Fionia, HSH Nordbank, Hypo Tirol, LBBW, Kaupthing Luxemburg, Caisse d’Epargne/Banque Populaire, Mortgage Bank of Latvia, Northern Rock, Commerzbank, Lloyds Banking Group, BAWAG, Hypo Group Alpe Adria in RBS.
In the Commerzbank (CoBa) recapitalisation case (10), the Commission approved a EUR 18 billion new capital aid by the German Government, on the basis of a sound business restructuring plan. e business plan presented focuses on Coba’s core business, namely retail and corporate banking, including in Central and Eastern Europe. e bank’s volatile investment banking will be reduced and commercial real estate activities will be divested. e plan foresees large-scale divestments (amounting to 45 % of CoBa’s current balance sheet total) and the suspension of payments of dividends and interests.
V primeru dokapitalizacije Commerzbank (CoBa) (10) je Komisija odobrila pomoč nemške vlade v višini 18 milijard EUR novega kapitala na osnovi dobrega načrta poslovnega prestrukturiranja.
To limit distortions of competition, CoBa will be subject to a general three-year ban on acquisitions of financial institutions or other potential competing businesses.
V poslovnem načrtu je navedena usmerjenost banke CoBa v njeno glavno dejavnost, tj. poslovanje s prebivalstvom in pravnimi osebami, tudi v srednji in vzhodni Evropi.
In addition, the plan imposes a price leadership prohibition, in relation to Coba’s top three competitors in markets/products where its market share is above 5 %. e Commission concluded that the business plan presented is likely to restore the bank’s long-term viability.
Zmanjšal se bo obseg nestanovitnega investicijskega bančništva banke, komercialne nepremičninske dejavnosti pa se bodo odprodale. Načrt predvideva obsežne odprodaje (ki znašajo do 45 % sedanje bilančne vsote banke CoBa) in odlog izplačila dividend in obresti.
Despite the fact that recapitalisation schemes had been put in place in many Member States, in early 2009 investors were not showing signs of confidence in the system.
Čeprav so bile dokapitalizacijske sheme uvedene v mnogih državah članicah, vlagatelji na začetku leta 2009 niso kazali znakov zaupanja v sistem.
Bank guarantees and recapitalisations did not translate into credits flowing to the economy; uncertainty remained about undisclosed losses on assets having lost value.
Bančne garancije in dokapitalizacije se niso odražale v posojilih gospodarstvu in ostala je negotovost zaradi nerazkritih izgub, do katerih je prišlo zaradi znižanja vrednosti sredstev.
Confronted with this situation, some Member States proposed ‘asset protection schemes’. e UK Government put forward a proposal for a GBP 500 billion protection scheme, while the Dutch announced a USD 40 billion asset protection for ING.
Nekatere države članice so zaradi takih razmer predlagale „sheme za zaščito sredstev“. Vlada Združenega kraljestva je podala predlog za zaščitno shemo v višini 500 milijard GBP, nizozemska vlada pa je napovedala zaščito sredstev v višini 40 milijard USD za skupino ING.
On 25 February 2009, aer detailed discussions with the Member States, the Commission adopted the communication on the treatment of impaired assets in the Community banking sector (Impaired assets communication) (11). e Impaired assets communication responded to a growing consensus on the need to tackle the root causes of the crisis in the form of toxic assets on banks’ balance sheets.
Komisija je po obširnih razpravah z državami članicami 25. februarja 2009 sprejela Sporočilo Komisije o obravnavanju oslabljenih sredstev v bančnem sektorju Skupnosti („sporočilo o oslabljenih sredstvih“)(11). Sporočilo o oslabljenih sredstvih je predstavljalo odziv na vse večje soglasje glede nujnosti reševanja temeljnih vzrokov za krizo v obliki slabe aktive v bilancah bank.
In this communication, the Commission set out how it would assess asset relief measures for financial institutions under State aid rules.
V tem sporočilu je Komisija pojasnila, kako bo ocenjevala ukrepe finančne pomoči za oslabljena sredstva za finančne institucije v skladu s pravili o državni pomoči.
Given the complexity surrounding the appropriate valuation of the assets, the Commission decided to call upon technical experts
Ob upoštevanju zapletenosti ustreznega vrednotenja sredstev se je Komisija odločila, da bo pozvala strokovnjake, naj opravijo vrednotenje
IP/09/711.Communication from the Commission on the treatment of impaired assets in the Community banking sector (OJ C 72, 26.3.2009, p. 1).
IP/09/711.Sporočilo Komisije o obravnavanju oslabljenih sredstev v bančnem sektorju Skupnosti (UL C 72, 26.3.2009, str. 1).
Focus chapter: Competition policy and the financial and economic crisis to undertake the valuation in an independent manner.
Izbrana tema: Politika konkurence in finančno-gospodarska kriza na neodvisen način.
In line with the Impaired assets communication, Fortis Bank supports a significant part of the losses, since the price paid by the Belgian State to purchase or guarantee the structured credits is considerably below their real economic value.
V skladu s sporočilom o oslabljenih sredstvih banka Fortis nosi znaten del izgub, saj je cena, ki jo je plačala belgijska država za nakup ali jamstvo strukturiranih posojil, znatno pod njihovo realno ekonomsko vrednostjo.
As time passed, the Commission started to look at the medium term, at the way beneficiaries of the aid could start paying back the money borrowed and stand on their own feet.
Komisija je čez nekaj časa začela razmišljati o srednjeročnem obdobju in načinih, po katerih bi upravičenci pomoči lahko začeli vračati izposojeni denar in se postavili na lastne noge.
Hence, on 14 August, the Commission adopted a communication on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules (Restructuring communication) (13).
Zato je Komisija 14. avgusta sprejela Sporočilo o ponovni vzpostavitvi uspešnega poslovanja in oceni ukrepov prestrukturiranja v finančnem sektorju v sedanji krizi na podlagi pravil o državni pomoči („sporočilo o prestrukturiranju“)(13).
Firstly, banks that are obliged to restructure need to demonstrate their capacity to return to long-term viability without State support.
Prvič, banke, ki se morajo prestrukturirati, so dolžne dokazati svojo sposobnost za ponovno vzpostavitev dolgoročno uspešnega poslovanja brez državne pomoči.
Secondly, they have to contribute to the restructuring costs (burden sharing). irdly, they have to adopt measures to limit competition distortions, whether divestments in core markets and/or balance sheet reductions.
Drugič, prispevati morajo k stroškom prestrukturiranja (porazdelitev bremena). Tretjič, sprejeti morajo ukrepe za omejevanje izkrivljanja konkurence z odprodajami na glavnih tržiščih in/ali krčenji bilance.
In order not to reward the risky behaviour that has occurred in the past, the communication
Da bi preprečili nagrajevanje tveganega ravnanja, kot se je dogajalo v preteklosti, sporočilo pojasnjuje, da bo potrebno ustrezno nadomestilo pomoči, z uvedbo začasnih omejitev
IP/09/743.Communication from the Commission on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules (OJ C 195, 19.8.2009, p. 9).
IP/09/743.Sporočilo Komisije „Ponovna vzpostavitev uspešnega poslovanja in ocena ukrepov prestrukturiranja v finančnem sektorju v sedanji krizi na podlagi pravil o državni pomoči“ (UL C 195, 19.8.2009, str. 9).
Report on Competition Policy 2009 clarifies that appropriate remuneration of the aid will be required, imposing temporary restrictions of coupon and dividend payments to bond- and shareholders.
Poročilo o politiki konkurence za leto 2009 izplačil dividend in kuponov imetnikom obveznic in delničarjem.
Restructuring plans have been approved for, inter alia, Commerzbank, ING, RBS, Lloyds Banking Group and KBC, whilst many others are currently being assessed, within formal investigation procedures.
Načrti prestrukturiranja so bili med drugim odobreni za Commerzbank, ING, RBS, bančno skupino Lloyds’ in KBC, številne druge banke pa se ocenjujejo v okviru formalnih postopkov preiskave.
On 18 November, the Commission approved the restructuring plan and illiquid asset backup facility of Dutch bank ING (14).
Komisija je 18. novembra odobrila načrt prestrukturiranja in rezervno kreditno linijo za nelikvidna sredstva nizozemski banki ING (14).
On the basis of the notified restructuring plan, ING will pay a significant proportion of the restructuring costs, ING’s long-term commercial viability will be restored, and the aid will not lead to undue distortions of competition. e restructuring plan foresees that ING will reduce the risk profile and complexity of its operations and will sell its insurance activities over time.
Banka ING bo na osnovi priglašenega načrta prestrukturiranja plačala znaten delež stroškov prestrukturiranja, njena sposobnost dolgoročnega poslovanja bo obnovljena, pomoč pa ne bo vodila v neupravičeno izkrivljanje konkurence. Načrt prestrukturiranja predvideva, da bo banka ING znižala profil tveganja in kompleksnost svojih dejavnosti ter sčasoma prodala svojo zavarovalniško dejavnost.
ING will also carve out, according to a detailed trustee-supervised timetable, a business unit (Westland Utrecht Hypotheekbank (WUH)/Interadvies), to step up competition in the Dutch retail banking market.
Banka ING bo v skladu s podrobnim časovnim razporedom, ki ga bo nadziral skrbnik, ustanovila tudi poslovno enoto (Westland Utrecht Hypotheekbank (WUH) / Interadvies) za povečanjekonkurencenanizozemskemtrgubančnegaposlovanja s prebivalstvom.
From a substantive point of view, it was important to maintain a rigorous enforcement of the merger and antitrust rules in order to preserve the competitiveness of European business and facilitate its emergence from the crisis.
V vsebinskem smislu je bilo za ohranjanje konkurenčnosti evropskega gospodarstva in njegovega lažjega izhoda iz krize pomembno vztrajati pri strogem izvrševanju pravil o združitvah in protimonopolnih pravil.
In the wake of the financial crisis, the Commission was confronted with complex jurisdictional issues under the EC Merger Regulation.
Po izbruhu finančne krize se je Komisija spopadala z zapletenimi pravnimi vprašanji v skladu z Uredbo ES o združitvah.
Indeed, questions arose as to whether nationalisations of financial institutions needed to be notified to the Commission under the Merger Regulation. is depended on whether or not the nationalised entity would remain an economic unit with an independent power of decision, or whether such nationalised entity could be considered to form part of a single economic entity with other State controlled undertakings.
Pojavila so se vprašanja, ali je v skladu z Uredbo o združitvah Komisijo treba obvestiti o podržavljanju finančnih institucij. To je bilo odvisno od tega, ali bi podržavljeni subjekt ostal gospodarska enota, ki se lahko samostojno odloča, in ali bi se lahko štelo, da je tak podržavljeni subjekt del gospodarske enote z drugimi podjetji pod državnim nadzorom.
In most cases, the Commission was satisfied that the holding arrangements ensured independence and thus that no concentration was taking place.
Komisija se je v večini primerov prepričala, da holdinška ureditev zagotavlja samostojnost in da torej ni prišlo do koncentracije. V primeru nemške banke Hypo Real Estate(15) pa je bilo treba priglasiti koncentracijo.
Focus chapter: Competition policy and the financial and economic crisis and, notably, divestitures, remained the most appropriate type of remedies in order to prevent, durably, the competition concerns which would have been raised by a merger.
Izbrana tema: Politika konkurence in finančno-gospodarska kriza prišlo v primeru združitve.
Similarly, the Commission’s merger procedures have proven well suited to their end, also under difficult economic conditions.
Postopki Komisije v primeru združitev so se pokazali primerni svojemu namenu, tudi v težkih gospodarskih razmerah.
Notably, the Commission granted six derogations from the standstill obligation in a number of urgent cases having regard to the prevailing economic climate, albeit in full conformity with a well established and strict practice.
Komisija je ob upoštevanju prevladujoče gospodarske klime odobrila šest odstopanj od obveznosti mirovanja v več nujnih primerih, čeprav popolnoma v skladu z dobro uveljavljeno in strogo prakso.
In line with this principle, the Commission assessed requests on a case-by-case basis.
V skladu s tem načelom je Komisija ocenila zahtevke za vsak primer posebej.
As banks were deleveraging and becoming much more risk averse than in previous years, companies started to experience difficulties with access to credit.
Banke so zmanjševale delež posojilnih finančnih instrumentov in postajale veliko manj pripravljene tvegati kot v preteklih letih, družbe pa so se začele srečevati s težavami pri dostopu do posojil.
As part of its response, the Commission adopted, in January 2009, the Temporary Framework for State aid measures to support access to finance in the current financial and economic crisis (16). is Temporary Framework (applicable until the end of 2010) gives Member States additional possibilities to tackle the effects of the credit squeeze on the real economy.
V okviru svojega odziva je Komisija januarja 2009 sprejela „Začasni okvir za ukrepe državnih pomoči v podporo dostopu do financiranja ob trenutni finančni in gospodarski krizi“(16). Ta začasni okvir (ki velja do konca leta 2010) državam članicam zagotavlja dodatne možnosti obvladovanja učinkov pomanjkanja posojil na realno gospodarstvo.
In the context of the financial crisis, the Commission amended the temporary framework in February 2009 (17) to provide Member States with additional possibilities to tackle the effects of the credit squeeze on the real economy. e amended framework takes into account different levels of collateralisation (particularly for low rating categories) when calculating the permissible guarantee premium).
Komisija je v zvezi s finančno krizo februarja 2009(17) spremenila začasni okvir, da bi državam članicam zagotovila dodatne možnosti obvladovanja učinkov pomanjkanja posojil na realno gospodarstvo. Spremenjeni okvir upošteva različno stopnjo zavarovanja s premoženjem (zlasti za kategorije z nizko bonitetno oceno) pri izračunu dovoljene premije jamstva.
In October, the Commission adopted an amendment to the framework, in order
Komisija je oktobra sprejela spremembo okvira, da bi za kmetovalce omogočila ločen združljiv omejen znesek pomoči v višini 15 000 EUR(18).
Communication from the Commission — Temporary Community Framework for State aid measures to support access to finance in the current financial and economic crisis (OJ C 83, 7.4.2009, p. 1).
2).Sporočilo Komisije o spremembi začasnega okvira Skupnosti za ukrepe državnih pomoči v podporo dostopu do financiranja ob trenutni finančni in gospodarski krizi (UL C 303, 15.12.2009, str. 6).
31. e Temporary Framework focuses on two objectives: firstly, maintaining continuity in companies’ access to finance (e.g. by allowing Member States to grant State guarantees for loans at reduced premia or subsidised interest rates for loans and the granting of up to EUR 500 000 per company); and secondly, encouraging companies to continue investing in a sustainable future (e.g. by allowing subsidised loans for the development of green products).
V začasnem okviru je poudarek na dveh ciljih: prvič, zagotavljanju stalnega dostopa podjetjem do financiranja (npr. s tem, da je državam članicam dovoljeno dajanje državnih jamstev za posojila z nižjimi premijami ali subvencioniranimi obrestnimi merami za posojila ter z dodelitvijo do 500 000 EUR pomoči na podjetje); in drugič, spodbujanju podjetij, da še naprej vlagajo v trajnostno prihodnost (npr. z omogočanjem subvencioniranih posojil za razvoj okolju prijaznih proizvodov).
In addition to the above mentioned new aid measures, the Temporary Framework includes temporary adaptations of existing guidelines as a simplification of the rules on short-term export credit insurance and an increase in the ceilings for risk capital investments.
Poleg zgoraj omenjenih novih ukrepov pomoči začasni okvir vključuje začasne prilagoditve obstoječih smernic kot poenostavitev pravil za kratkoročno zavarovanje izvoznih kreditov in zvišanje zgornjih meja za naložbe v tvegani kapital.
By 31 December 2009, the Commission had approved 79 measures in 25 Member States aimed at stabilising companies and jobs in the real economy (20).
Komisija je do 31. decembra 2009 odobrila 79 ukrepov v 25 državah članicah, namenjenih stabilizaciji podjetij in delovnih mest v realnem gospodarstvu(20).