V]F]HJyOQHJRLQWHUHVXSXEOLF]QHJRRNWyU\PPRZDZSLĞPLH]GQLD  PDUFDUQLHVSRVyEQLH ]DXZDĪ\üMHĪHOLVSUDZDGRW\F]\]DFKRZDĔDQW\VHPLFNLFKZ:RMHZyG]NLP8U]ĊG]LH2FKURQ\=DE\WNyZZ .RNWyU\FKLQIRUPRZDáUyZQLHĪZSLĞPLH]GQLD  VW\F]QLDU=GDQLHPVNDUĪąFHJRQLHVSRVyEQLH SU]\MąüDE\LQIRUPDFMDWDQLHPLDáDZSá\ZX]DUyZQRQDGXĪąLORĞüRVyEQDURGRZRĞFL  NWyUHZ V]F]HJyOQRĞFLZZRMHZyG]WZLH  ]DPLHV]NXMąVąZáDĞFLFLHODPLQLHUXFKRPRĞFLF]\WHĪSU]\MH]GQ\PL WXU\VWDPLLVą]ZLą]DQLGHF\]MDPLZ\GDQ\PLSU]H]:RMHZyG]NLHJR  .RQVHUZDWRUD=DE\WNyZZ.MDN LZ\VWĊSRZDQLDV]HURNRSRMĊWHJRLQWHUHVXSXEOLF]QHJR]ZLą]DQHJR]SRSUDZąQLHW\ONRIXQNFMRQRZDQLD WHJRĪRUJDQXMDNLSRSUDZ\MHJRZL]HUXQNXQDWOHQLHW\ONRNUDMRZ\PDOHUyZQLHĪPLĊG]\QDURGRZ\P 0LQLVWHU.XOWXU\L']LHG]LFWZD1DURGRZHJRUHSUH]HQWRZDQ\SU]H]UDGFĊSUDZQHJRZRGSRZLHG]LQD VNDUJĊZQLyVáRMHMRGGDOHQLHSRGWU]\PXMąFVWDQRZLVNR]DZDUWHZ]DVNDUĪRQHMGHF\]ML 8]DVDGQLHQLHSUDZQH :RMHZyG]NL6ąG$GPLQLVWUDF\MQ\Z:DUV]DZLH]ZDĪ\áFRQDVWĊSXMH 6NDUJDSRGOHJDáDXZ]JOĊGQLHQLX 8VWDZDRGRVWĊSLHGRLQIRUPDFMLSXEOLF]QHMVáXĪ\UHDOL]DFMLNRQVW\WXF\MQHJRSUDZDGRVWĊSXGRZLHG]\QD WHPDWG]LDáDOQRĞFLRUJDQyZZáDG]\SXEOLF]QHMRVyESHáQLąF\FKIXQNFMHSXEOLF]QHRUJDQyZVDPRU]ąGX JRVSRGDUF]HJRL]DZRGRZHJRDWDNĪHLQQ\FKRVyERUD]MHGQRVWHNRUJDQL]DF\MQ\FKZ]DNUHVLHZMDNLP Z\NRQXMąRQH]DGDQLDZáDG]\SXEOLF]QHMLJRVSRGDUXMąPLHQLHPNRPXQDOQ\POXEPDMąWNLHP6NDUEX 3DĔVWZD DUWXVW.RQVW\WXFML5]HF]\SRVSROLWHM3ROVNLHM 8Ī\ZDMąFZDUWXVWXGLSSRMĊFLD NDĪGHPXXVWDZRGDZFDSUHF\]XMH]DVWU]HĪRQHZ.RQVW\WXFMLRE\ZDWHOVNLHXSUDZQLHQLHZVND]XMąFĪH NDĪG\PRĪH]QLHJRVNRU]\VWDüQDRNUHĞORQ\FKZWHMXVWDZLH]DVDGDFK8VWDZDUHJXOXMH]DVDG\LWU\E GRVWĊSXGRLQIRUPDFMLPDMąF\FKZDORULQIRUPDFMLSXEOLF]Q\FKZVND]XMHZMDNLFKSU]\SDGNDFKGRVWĊSGR LQIRUPDFMLSXEOLF]QHMSRGOHJDRJUDQLF]HQLXRUD]NLHG\ĪąGDQHSU]H]ZQLRVNRGDZFĊLQIRUPDFMHQLHPRJą ]RVWDüXGRVWĊSQLRQH8VWDZD]QDMGXMH]DVWRVRZDQLHMHG\QLHZV\WXDFMDFKJG\VSHáQLRQ\MHVWMHM]DNUHV SRGPLRWRZ\LSU]HGPLRWRZ\ :VSUDZLHQLQLHMV]HMMHVWEH]VSRUQHĪH]DUyZQR]DNUHVSRGPLRWRZ\MDNLSU]HGPLRWRZ\XVWDZ\]RVWDá\ VSHáQLRQH =JRGQLH]DUWXVWSNWXGLSSUDZRGRLQIRUPDFMLSXEOLF]QHMREHMPXMHXSUDZQLHQLHGRX]\VNDQLD LQIRUPDFMLSXEOLF]QHMZW\PX]\VNDQLDLQIRUPDFMLSU]HWZRU]RQHMZWDNLP]DNUHVLHZMDNLPMHVWWR V]F]HJyOQLHLVWRWQHGODLQWHUHVXSXEOLF]QHJR :RU]HF]QLFWZLHVąGRZRDGPLQLVWUDF\MQ\PSU]\MPXMHVLĊĪHLQIRUPDFMDSXEOLF]QDSU]HWZRU]RQDMHVW LQIRUPDFMąMDNRĞFLRZRQRZąQLHLVWQLHMąFąGRW\FKF]DVZSU]\MĊWHMRVWDWHF]QLHWUHĞFLLSRVWDFLFKRFLDĪMHM ĨUyGáHPVąPDWHULDá\]QDMGXMąFHVLĊZSRVLDGDQLXSRGPLRWX]RERZLą]DQHJRGRXG]LHOHQLDLQIRUPDFML SXEOLF]QHM:\WZRU]HQLHWDNLHMLQIRUPDFMLZ\PDJDSRGMĊFLDSU]H]SRGPLRW]RERZLą]DQ\RNUHĞORQHJR G]LDáDQLDLQWHOHNWXDOQHJRZRGQLHVLHQLXGRRGSRZLHGQLHJR]ELRUX]QDMGXMąF\FKVLĊZMHJRSRVLDGDQLX