Вы искали: reducing (Итальянский - Голландский)

the benchmark of reducing the share by 20% thus implies a target figure of 15.5%.
the benchmark of reducing the share by 20% thus implies a target figure of 15.5%.

according to point 4.15 of the regional aid guidelines operating aid is aimed at reducing a firm's current expenses.
according to point 4.15 of the regional aid guidelines operating aid is aimed at reducing a firm's current expenses.

nel 2007 la bri ha pubblicato a fini di consultazione il rapporto progress in reducing foreign exchange settlement risk , cui ha contribuito anche l' eurosistema .
in 2007 heeft de bib een consultatierapport met de titel « progress in reducing foreign exchange settlement risk » gepubliceerd , waaraan het eurosysteem heeft bijgedragen .

(246) una relazione di jp morgan del 2 dicembre 2002 sembra anch'essa confermare che, senza il sostegno dello stato, ft non sarebbe stata capace di ottenere nuovi capitali sul mercato per rifinanziare il suo debito. la relazione precisa quanto segue: "continuiamo a vedere il profilo di ft in termini di rischio/remunerazione come non attraente in attesa del risultato di una revisione strategica. […] sebbene ft sia capace di ridurre i costi e di produrre un rendimento notevolissimo e malgrado la solida reputazione dell'amministratore delegato, il ruolo del governo è centrale perché ft ottenga la flessibilità di cui ha bisogno. nel frattempo, il rischio di liquidità perdura e, secondo noi, un aumento di capitale è soltanto una questione di tempo. […] il ruolo del governo sarà ancora centrale per il rifinanziamento e la riduzione del debito. tuttavia, di fronte a scadenze di rifinanziamento scoraggianti per l'anno 2003, ft e le agenzie di rating si sono concentrate a breve termine sui rischi di liquidità e di rifinanziamento dell'impresa. ciò sarebbe impossibile senza l'intervento del governo: anche france télécom lo ha riconosciuto in occasione della conferenza telefonica del terzo trimestre" (we continue to view ft's risk/reward profile as unattractive pending the outcome of a strategy review. […] although we see significant scope for ft to cut costs and deliver a compelling yield and even though the ceo has strong track record execution, the government role in giving ft the flexibility it requires is pivotal. in the meantime, liquidity risk remains and, in our view, a right issue is a matter of when not if. […] the government's role will again be pivotal in refinancing and reducing this debt. however it is liquidity or refinancing risk that is the near-term focus of ft and rating agencies alike, with a daunting refinancing schedule ahead in 2003. […] this would be impossible without government intervention — even ft acknowledged this in its q3 conference call) (sottolineatura aggiunta).
(246) een verslag van jp morgan van 2 december 2002 lijkt ook te bevestigen dat france télécom, zonder de ruggensteun van de staat, niet in staat was geweest nieuw kapitaal op de markt aan te trekken om haar schuld te herfinancieren. het verslag merkt op: "we continue to view ft’s risk/reward profile as unattractive pending the outcome of a strategy review. […] although we see significant scope for ft to cut costs and deliver a compelling yield and even though the ceo has strong track record execution, the government role in giving ft the flexibility it requires is pivotal. in the meantime, liquidity risk remains and in our view, a right issue is a matter of when not if. […] the government’s role will again be pivotal in refinancing and reducing this debt. however it is liquidity or refinancing risk that is the near-term focus of ft and rating agencies alike, with a daunting refinancing schedule ahead in 2003. […] this would be impossible without government intervention — even ft acknowledged this in its q3 conference call." (nadruk toegevoegd) (eigen vert.: "wij blijven het risico-/rendementsprofiel van france télécom als onaantrekkelijk beschouwen in afwachting van de uitkomst van een herziening van de strategie. (…) ook al zien we aanzienlijke mogelijkheden bij france télécom om op kosten te besparen en een aantrekkelijk rendement te verwezenlijken, en zelfs al kan de bestuursvoorzitter qua prestaties een goeie trackrecord presenteren, toch draait alles rond de vraag of de regering france télécom de flexibiliteit geeft die de onderneming nodig heeft. (…) ondertussen blijft het liquiditeitsrisico bestaan en volgens ons is het terecht een probleem, niet van óf, maar van wanneer. (…) de regering zal ook een doorslaggevende rol spelen bij de herfinanciering en vermindering van de schuld. toch moeten zowel france télécom als de ratingbureaus op de korte termijn vooral oog hebben voor het liquiditeits-of herfinancieringsrisico, zeker met een beangstigende reeks vervaldagen in 2003 in het vooruitzicht. (…) zonder de tussenbeidekomst van de regering zou dit onmogelijk zijn — france télécom erkende dit zelf op haar q3 conference call.").