ýHãWLQD
9$529È1Ë
'HMWH SR]RU DĢ EDWHULH QHVSRONQHWH KUR]t
QHEH]SHþtFKHPLFNpKRSRSiOHQt7HQWRYêUREHN
QHER MHKR SĜtVOXãHQVWYt GRGiYDQp V YêURENHP
PĤåHREVDKRYDWNQRIOtNRYRXPLQFRYRXEDWHULL
'RMGHOLNSRåLWtEDWHULHPĤåHWR]SĤVRELWYiåQp
YQLWĜQt SRSiOHQLQ\ EČKHP KRGLQ D PĤåH WR
YpVWNHVPUWL
8GUåXMWH QRYp D SRXåLWp EDWHULH PLPR GRVDK
GČWt3RNXGþiVWVEDWHULtQHQtPRåQpEH]SHþQČ
X]DYĜtWSĜHVWDĖWHYêUREHNSRXåtYDWDRGORåWHKR
PLPR GRVDK GČWt 3RNXG VL P\VOtWH åH EDWHULH
E\O\ VSRONQXW\ QHER YORåHQ\ GR MDNpNROLY þiVWL
WČODRNDPåLWČY\KOHGHMWHOpNDĜVNRXSRPRF
±±±±±±±±±±±±
79 PĤåH VSDGQRXW D ]SĤVRELW YiåQp ]UDQČQt
QHER VPUW 9HONpPX PQRåVWYt ]UDQČQt KODYQČ
GČWt MH PRåQp VH Y\KQRXW MHGQRGXFKêPL
RSDWĜHQtPL
9ä'< SRXåtYHMWH VNĜtĖN\ SRGVWDYFH D
]SĤVRE\PRQWiåHGRSRUXþHQpYêUREFHPWY
9ä'< SRXåtYHMWH QiE\WHN NWHUê SRVN\WXMH
EH]SHþQRXRSRUXSURWHOHYL]RU
9ä'< VH XMLVWČWH DE\ WHOHYL]RU QHSĜHVDKRYDO
SĜHVKUDQ\SRGSĤUQpKRQiE\WNX
9ä'<XþWHGČWLRQHEH]SHþtY\Op]WQDQiE\WHN
QDWHOHYL]RUQHERQDMHKRRYOiGDFtSUYN\
9ä'<QDVPČUXMWHYHGHQtDNDEHO\SĜLSRMHQpN
WHOHYL]RUX DE\VWH R QČ QHPRKOL ]DNRSQRXW
SURWiKQRXWMHQHER]DFK\WLW
1,.'<QHVWDYWHWHOHYL]RUQDQHVWDELOQtPtVWD
1,.'< QHXPtVĢXMWH WHOHYL]RU QD Y\VRNê
QiE\WHN QDSĜtNODG VNĜtQČ D NQLKRYQ\ EH]
XNRWYHQtQiE\WNXLWHOHYL]RUXNYKRGQpSRGSRĜH
1,.'< QHXPLVĢXMWH WHOHYL]RU QD WNDQLQ\ QHER
MLQp PDWHULiO\ NWHUp PRKRX EêW XPtVWČQ\ PH]L
WHOHYL]RUHPDSRGSĤUQêPQiE\WNHP
1,.'< QHXPLVĢXMWH SĜHGPČW\ NWHUp E\ PRKO\
GČWLOiNDWMDNRMVRXKUDþN\ DGiONRYp RYODGDþH
QD KRUQt þiVWWHOHYL]RUX QHERQiE\WHNQDNWHUê
MHWHOHYL]RUXPtVWČQ
=DĜt]HQt MH YKRGQp SRX]H N PRQWiåL YH
YêãNiFKGRP
3ĜL SĜHPtVWČQt YDãHKR VRXþDVQpKR WHOHYL]RUX
E\VWHPČOLVWHMQČSRXåtWYêãHXYHGHQiRSDWĜHQt
±±±±±±±±±±±±
3ĜtVWURM SĜLSRMHQê N RFKUDQQpPX X]HPQČQt
LQVWDODFH EXGRY\ SURVWĜHGQLFWYtP SĜLSRMHQt GR
(/(.75,&.e VtWČ QHER N MLQpPX SĜtVWURML V
SĜLSRMHQtP N RFKUDQQpPX X]HPQČQt D N
WHOHYL]QtPX GLVWULEXþQtPX V\VWpPX SRPRFt
NRD[LiOQtKR NDEHOX PĤåH ]D XUþLWêFK RNROQRVWt
SĜHGVWDYRYDWUL]LNRSRåiUX1DSRMHQtQDV\VWpP
WHOHYL]QtFK UR]YRGĤ PXVt EêW SURWR SURYHGHQR
SURVWĜHGQLFWYtP ]DĜt]HQt NWHUêFK HOHNWULFNi
L]RODFH VSDGi GR XUþLWpKR IUHNYHQþQtKR SiVPD
JDOYDQLFN\L]ROiWRU
3RXåtYiQt WČFKWR VSHFLiOQtFK IXQNFt NH ]PČQČ
YHOLNRVWL ]REUD]RYDQpKR REUD]X QDSĜ ]PČQD
SRPČUXYêãNDãtĜNDSUR~þHO\YHĜHMQpSURGXNFH
QHER NRPHUþQtKR ]LVNX PĤåH QDUXãRYDW
DXWRUVNi SUiYD=REUD]RYDFt /&' SDQHO\ MVRX
Y\UiEČQ\ H[WUpPQČ SĜHVQRX WHFKQRORJLt RYãHP
QČNG\ VH PĤåH VWiW åH QD QČNWHUêFK PtVWHFK
REUD]RYN\ EXGH FK\EČW þiVW REUD]X QHER VH
EXGRX Y\VN\WRYDW VYČWOi ERG\ 7RWR QHQt
]iYDGD3ĜtVWURM E\ PČO EêW QDSiMHQê SRX]H ]H
]iVXYN\ VH VWĜtGDYêP SURXGHP 9
+] 8MLVWČWH VH åH WHOHYL]RU QHVWRMt QD
HOHNWULFNpPYHGHQt1LNG\QHRGVWUDĖXMWH
]iVWUþNX QD NDEHOX X ]DĜt]HQt REVDKXMH
VSHFLiOQt ILOWU UDGLRYpKR UXãHQt MHKRå RGHEUiQt
E\ PRKOR PtW YOLY QD YêNRQ ]DĜt]HQt 7RWR O]H
Y\PČQLW SRX]H VSUiYQČ RKRGQRFHQêP D
SRWYU]HQêP
W\SHP
32.8'
0È7(
32&+<%1267,
325$Ć7(
6(
6
.9$/,),.29$1é0(/(.75,.Èě(0
832=251ċ1Ë3ě,0217Èä,1$=(Ć
3ĜHG PRQWiåt WHOHYL]RUX QD ]Hć VL SĜHþWČWH
SRN\Q\
6DGDSURPRQWiåQDVWČQXMHYROLWHOQi3RNXG
QHQt VRXþiVWt GRGiYN\ WHOHYL]RUX PĤåHWH ML
]tVNDWRGPtVWQtKRSURGHMFH
1HLQVWDOXMWHWHOHYL]RUQDVWURSQHERQDãLNPRX
VWČQX
3RXåLMWH SRX]H YVDGČ SĜLORåHQp ãURXE\ SUR
PRQWiåQDVWČQXDGDOãtSĜtVOXãHQVWYt
3HYQČ XWiKQČWH ãURXE\ QD PRQWiå QD VWČQX
DE\VWH ]DEUiQLOL SiGX WHOHYL]RUX âURXE\
QHSĜHWDKXMWH
2EUi]N\DLOXVWUDFHYWRPWRQiYRGXPDMtSRX]H
LQIRUPDWLYQt FKDUDNWHU D PRKRX VH OLãLW RG
VNXWHþQpKR
Y]KOHGX
YêURENX
'HVLJQ
D
WHFKQLFNp SDUDPHWU\ SURGXNWX PRKRX EêW
]PČQČQ\EH]SĜHGFKR]tKRXSR]RUQČQt
