RFHQĊG]LHQQLNDU]\LRSLQLLSXEOLF]QHMNDĪGHVZRMHVáRZRLF]\QPXVLZ]ZLą]NX]W\PG\VSRQRZDü ZLĊNV]\PPDUJLQHVHPWROHUDQFML 6NRURERZLHPSROLW\NGHF\GXMHVLĊQDDNW\ZQ\XG]LDáZĪ\FLX SXEOLF]Q\PWRSRZLQLHQ]DDNFHSWRZDüUHJXá\QLPU]ąG]ąFHZW\PWDNĪHIDNWĪHZRJQLXGHEDW\PRJą XFLHUSLHüMHJRGREUDRVRELVWH=NROHL6ąG2NUĊJRZ\]ZUyFLáXZDJĊĪHJUDQLFHGRSXV]F]DOQHMNU\W\NL SUDVRZHMVąWHĪV]HUV]HMHĞOLGRW\F]ąRVRE\SXEOLF]QHMOXERVRE\NWyUDGREURZROQLHZHV]áDZVIHUĊGHEDW\ SXEOLF]QHMSRQLHZDĪĞZLDGRPLHLQLHXFKURQQLHQDUDĪDVLĊQDSXEOLF]QąNRQWUROĊLMDNRWDNDPXVL SU]HGVWDZLDüV]F]HJyOQLHZ\ĪV]\VWRSLHĔWROHUDQFML Z\URN(73&ZVSUDZLH6LLQQLSU]HFLZNR3ROVFH] GQLDOLVWRSDGDU 2U]HF]HQLHWRGRW\F]\áRZ\SRZLHG]LZDUW\NXOHSUDVRZ\PQDWHPDW SURFHVXOHJLVODF\MQHJRL]PLDQZ2UG\QDFML3RGDWNRZHMDXMDZQLRQHSU]H]G]LHQQLNDU]\LQIRUPDFMH 7U\EXQDáX]QDá]DEDUG]RSRZDĪQHOHĪąFHZLQWHUHVLHSXEOLF]Q\P:VND]DáĪHZROQRĞüG]LHQQLNDUVND REHMPXMHUyZQLHĪPRĪOLZHRGZRáDQLHVLĊGRSHZQHMSU]HVDG\OXEQDZHWSURZRNDFMLLSRGNUHĞOLáV]HUV]H JUDQLFHGR]ZRORQHMNU\W\NLVWRVRZDQHZREHFXU]ĊGQLNyZSDĔVWZRZ\FK 3RZRáDáWHĪWU]\NU\WHULD V]F]HJyOQLHLVWRWQHGODRFHQ\VSUDZ\NWyUHREHMPXMąZNáDGZGHEDWĊGRW\F]ąFąLQWHUHVXSXEOLF]QHJRWR MDN]QDQDMHVW]DLQWHUHVRZDQDRVREDLFRMHVWSU]HGPLRWHPVSUDZR]GDQLDRUD]VSRVyEX]\VNLZDQLD LQIRUPDFMLLLFKSUDZG]LZRĞü6ąG2NUĊJRZ\]DMąáSU]\W\PVWDQRZLVNRĪHG]LHQQLNDU]HLSXEOLF\ĞFLMDN UyZQLHĪLQQHRVRE\DNW\ZQLHXF]HVWQLF]ąFHZĪ\FLXSXEOLF]Q\PSRZLQQLZ\ND]\ZDüZLĊNV]\VWRSLHĔ WROHUDQFMLQDNU\W\NĊZREHFQLFK :]ZLą]NX]W\PZV\VWHPLHGHPRNUDW\F]Q\PJUDQLFHGRSXV]F]DOQHM NU\W\NLVą]QDF]QLHV]HUV]HZRGQLHVLHQLXGRJD]HWQLĪZVWRVXQNXGRRVRE\SU\ZDWQHM 2GRVRE\Z\UDĨQLH ]DDQJDĪRZDQHMZGHEDWĊSXEOLF]QąQDWHPDWZDĪQHMNZHVWLLQLHPRĪQDZ\PDJDüE\Z\SRZLDGDMąFVLĊQD MHMWHPDWPXVLDáDXGRZDGQLDüVZRMHWZLHUG]HQLD :\VWDUF]\E\RGQRĞQLHGRZLDU\JRGQRĞFLWZLHUG]HĔ VSHáQLDáDZ\PyJQDOHĪ\WHMVWDUDQQRĞFL2VREDWDNDPDSUDZRGRVNRU]\VWDQLD]SHZQHMSU]HVDG\ Z\SRZLHG]L ,VWRWQHMHVWE\QLHXFLHNáDVLĊGRQLHX]DVDGQLRQHJRREUDĨOLZHJRLQLHVWRVRZQHJRMĊ]\NDOXE QLHZ\NUDF]DáDSR]DRJyOQLHDNFHSWRZDOQ\VWRSLHĔSU]HVDG\ Z\URN(73&ZVSUDZLH.SU]HFLZNR3ROVFH ]OLSFDUV\JQ  7DRVWDWQLD]NROHLVSUDZDGRW\F]\áDNZHVWLLQLH]DOHĪQRĞFLPHGLyZZ VSRáHF]HĔVWZLHGHPRNUDW\F]Q\PNWyUąUyZQLHĪ7U\EXQDáX]QDá]DVSUDZĊLVWRWQą]SXQWXZLG]HQLDLQWHUHVX SXEOLF]QHJR3U]\MąáWHĪĪHVNDUĪąF\NWyU\E\áDNW\ZQLH]DDQJDĪRZDQ\ZGHEDWĊSXEOLF]QąGRW\F]ąFą ZDĪQHMNZHVWLLDZWDNLPZ\SDGNX.RQZHQFMDR2FKURQLH3UDZ&]áRZLHNDL3RGVWDZRZ\FK:ROQRĞFL .RQZHQFMD]DSHZQLDRFKURQĊZV]\VWNLPXF]HVWQLNRPGHEDW\ZVSUDZDFKX]DVDGQLRQHJR]DLQWHUHVRZDQLD SXEOLF]QHJR ']LHQQLNDU]HRUD]SXEOLF\ĞFLSRGREQLHMDNLLQQHRVRE\DNW\ZQLH]DDQJDĪRZDQHZĪ\FLH SXEOLF]QHSRZLQQLZ\ND]\ZDüZLĊNV]ąRGSRUQRĞüZVWRVXQNXGRNU\W\NLVNLHURZDQHMSU]HFLZNRQLP Z\URN(73&ZVSUDZLH=SU]HFLZNR3ROVFH]VW\F]QLDUV\JQ  1DWRPLDVWWDVSUDZD GRW\F]\áDWHPDWXOXVWUDFMLG]LHQQLNDU]\NWyU\UyZQLHĪE\áF]ĊĞFLąGHEDW\SXEOLF]QHM7U\EXQDáSRGNUHĞOLáZ WHMVSUDZLHĪHVąG\SRZLQQ\EUDüSRGXZDJĊF]\VNDUĪąF\ ZSURFHVLHF\ZLOQ\PSR]ZDQ\ZVSUDZLHR QDUXV]HQLHGyEURVRELVW\FK E\á]DDQJDĪRZDQ\ZGHEDWĊSXEOLF]Qą:RFHQLH6ąGX2NUĊJRZHJRZQLRVHN RPRĪOLZRĞFLRGZRáDQLDVLĊGRSHZQHMSU]HVDG\OXEQDZHWSURZRNDFMLLRV]HUV]\FKJUDQLFDFKGR]ZRORQHM NU\W\NLVWRVRZDQ\FKZREHFXU]ĊGQLNyZSDĔVWZRZ\FKGRW\F]\UyZQLHĪSRV]F]HJyOQ\FKSROLW\NyZDW\P