Examples of using Reference prices in English and their translations into Slovenian
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Fixing the reference prices for a number of fishery products for the fishing year 2002.
Commission Regulation(EC) No 427/2004 of 4 March 2004 fixing the reference prices for certain fishery products for the 2004 fishing year 24.
As a result, reference prices are established at unrealistically low levels, well below what could be achieved through increased efficiency.
Commission Regulation(EC) No 2260/2004 of 28 December 2004 fixing the reference prices for certain fishery products for the 2005 fishing year.
The reference prices referred to in paragraphs 1 and 2 shall apply to unpacked sugar, ex-factory, loaded on to a means of transport chosen by the purchaser.
The second Council debate on the single CMO in September focused on the safety-net function of market management measures andthe possible need to update the reference prices.
It is therefore necessary to update the reference prices and amounts listed in Tables III and IV(b) of Protocol No 2 accordingly.
Reference prices fixed in paragraph 1 of this Article may be changed in accordance with the procedure laid down in Article 43(2) of the Treaty in the light of developments in production and the markets.
Except in Bulgaria, where initial steps were being undertaken,there were no comparisons with reference prices, which would allow Sapard assistance to be limited if unjustified costs were claimed.
The reference prices for the fishing year 2002 of fishery products listed in Article 29 of Regulation(EC) No 104/2000 shall be as laid down in the Annex hereto.
In particular, shorter time periods under subparagraph 1(a) and paragraph 4 may be used in reference to the corresponding periods in the base period anddifferent reference prices for different periods may be used under subparagraph 1(b).
Furthermore, it believes that reference prices should be set for aquaculture products in the same way as is proposed for fishery products.
To what extent will give trading orders or perform operations in a particular moment, or around this,which calculated reference prices, settlement prices and valuations, and changes that have impact on these prices and evaluations;
These reference prices should be accompanied by effective intervention mechanisms tailored to the characteristics of markets in fishery and aquaculture products.
Although widely used, the systems based on reference price lists showed serious limitations, as reference prices were often set above the real marketprices at which transactions happen(for example when competitive tenders are organised).
The reference prices laid down in points(i) and(ii) of paragraph 1(c) shall apply to unpacked sugar, ex factory of standard quality as defined in point B of Annex IV.
The committee's proposal tocreate a Europe-wide database for citizens containing reference prices for products and inputs and information on the costs of energy, pay, rents, duties and taxes from all across Europe is, in our opinion, detached from reality.
The reference prices are meant to provide protection against imports at abnormally low prices and serve as indicators of the evolution of import prices and an early warning system.
(g) the extent to which orders to trade are given or transactions are undertaken at oraround a specific time when reference prices, settlement prices and valuations are calculated and lead to price changes which have an effect on such prices and valuations.
(5) There is no need to fix reference prices for all the species covered by the criteria laid down in Article 29(1) of Regulation(EC) No 104/2000, and particularly not for those imported from third countries in insignificant volumes.
(g) the extent to which orders to trade are given, or transactions are undertaken,at or around a specific time when reference prices, settlement prices and valuations are calculated and lead to price changes which have an effect on such prices and valuations.
Reference prices for world markets in early February 2008 compared to the same month of 2007 were of the following order of magnitude:+ 113% for US wheat versus+ 93% for EU wheat;+ 83% for US soybeans;+ 52% for Thai rice,+ 24% for US maize.
In the first part of the 2007-2013 programming period, the Commission did not sufficiently encourage Member States to follow the value-for-money principles(economy, efficiency and effectiveness), for example by setting selection criteria prioritising the most cost-effective projects,applying sound reference prices and ensuring fair and competitive public procurement procedures.
Therefore single price or single value reference prices should not be considered to be benchmarks for the purposes of this Regulation.
Reference prices or settlement prices produced by central counterparties(CCPs) should not be considered to be benchmarks because they are used to determine settlement, margins and risk management and thus do not determine the amount payable under a financial instrument or the value of a financial instrument.
Whereas, in respect of hybrid maize for sowing in respect of the production of"sensitive" seeds, it is necessary to avoid disturbances on the Community market caused by offers made on the world market at abnormally low prices; whereas to this end reference prices should be fixed for thisese products and a countervailing charge should be addedto the customs duties when free-at-frontier offer prices plus customs duties are lower than the reference prices.".
However, an EU-wide database containing reference prices for products and inputs would bring more bureaucracy and reporting obligations, the costs of which would be passed on by the trade to producers or consumers.
While the risk of using inflated reference prices may be mitigated when the final costs are established based on a fair, competitive tender, there is no safeguard for projects that are not subject to a competitive tender(as is the case for certain measures and beneficiaries in Spain(Extremadura) and Italy(Sicily)) and in cases where the public procurement procedures are affected by serious weaknesses.
However, the issue of setting and using reference prices(see paragraph 51) was not addressed in the guidance documents discussed during these workshops.
Although widely used, the systems based on reference prices had serious limitations, mainly because the reference prices were provided by construction companies and were thus likely to overstate the real market prices following negotiations or competitive tenders.
