LHG\FL QLHE\áRG]ZRQLá7 F]D3RZLHG]LDá*HMX*
UR]SURZDG]LOLSLHUZV] SDUWL V]HVQDVWNLLND]DáQDPRGUD]X
]DF]\QDüQDVW SQ-HGHQDFLHNLOR]JyUN
.ZDGUDQVSRVLyGPHMZLHF]RUHPPLQ á\SUDZLHGZLHJRG]LQ\
RGNGGHWHNW\Z0DUWLQ'H/DXUDZV]HGáGRJDELQHWXZFLHNáHJR
+DOOVWHDGD L ]DF]áZ\VáXFKLZDüR*\ZLRQHM G\VSXW\MDN
]ZLHU]FKQLNZLyGáSU]H]JáRQLNWHOHIRQX]]DVW SF SURNXUDWRUD
RNU JRZHJR
'H/DXUDSUyERZDáNLONDUD]\FR SRZLHG]LHüLXVSRNRLü
VNRQVWHUQRZDQ\FKLUR]GUD*QLRQ\FKP *F]\]QDOHQDSUy*QR
VSUDZDE\áDEH]QDG]LHMQD=GRáDáVWDPWG XFLHFGRSLHURZWHG\
NLHG\]DFLHWU]HZLHQLVSLVNRZF\]DF] OLVL SRZWDU]Dü1DSRPNQá
PLDQRZLFLH*HFK\EDSRZLQLHQVNRQWDNWRZDüVL ]H VZRLPL
LQIRUPDWRUDPL E\VSUDZG]LüF]\QLHQDWUDILOLSU]\SDGNLHPQD
ODGWU]HFKSRGHMU]DQ\FKNWyU]\WDNEDUG]R]DDEVRUERZDOLXZDJ
NLHUXMF\FKVL HJRFHQWU\F]Q\PLSREXGNDPLSUDZQLNyZ
%LRUFFKZLORZHPLOF]HQLH+DOOVWHDGD]D]QDN]JRG\'H/DXUD
F]P\FKQá] JDELQHWXLZ\ELHJáQDSDUNLQJ .ZDGUDQVSy(QLHM
VWDQáSU]HGGU]ZLDPLODERUDWRULXPNU\PLQDOQHJRSRGOHJáHJRELXUX
V]HU\IDL]DPHOGRZDáVL GRRNDVWU]HJFHMJRNDPHU\
'HWHNW\ZVG]Lá*HPDZPLDU GX*HV]DQVHQDWRE\]áDSDü
WDPMHGQHJR]SUDFXMF\FKGRSy(QDWHFKQLNyZF]\FKHPLNyZ DOH
QLHSU]\SXV]F]Dá*HZFLDVQHMVDOL]REDF]\G]LHVL FLXXEUDQ\FK
QDELDáRNU\PLQRORJyZSUDFXMF\FKJRUF]NRZRZHVSyá]HNLS
FKHPLNyZSROLF\MQ\FKQDGDQDOL] GZXG]LHVWXNLONXVSUDZ L
SU]\SDGNyZ FRZ\PDJDáR]DVWRVRZDQLD VNRPSOLNRZDQ\FK PHWRG
WRNV\NRORJLF]Q\FKRUD]SRUyZQDQLDSUyEHNQDUNRW\NyZX]\VNDQ\FK]
Z\G]LDáX]DEyMVWZ PRUGHUVWZDVDPREyMVWZDSU]HGDZNRZDQLD ]
SUyEN SHZQHJRQLH]LGHQW\ILNRZDQHJR]ZL]NXFKHPLF]QHJR
0DáDSRSUDZND]WHJRFRGZLHSRGHNVF\WRZDQHFKHPLF]NL
XVLáRZDá\Z\WáXPDF]\üRV]RáRPLRQHPXGHWHNW\ZRZL Z\QLNDáR *H
]ZL]HNWHQ]RVWDáMX* ]LGHQW\ILNRZDQ\
7RDQDORJWLRSHLQRZ\ ]DNU]\NQ áDXV]F] OLZLRQD7UDF\
1RNHVSRNU\ZDMFPLHFKHP]P F]HQLHZLGRF]QHZMHMRF]DFK
6WUXNWXUDOQLHEDUG]RSRGREQ\GR3&3=DUD]SRGDPFL
SHáQ QD]Z FKHPLF]QF]HNDM7LQDMDNWRLG]LH" VS\WDáD
&KZLOHF]N 6XQ:DQJ]DMU]DáDGRQRWDWHN -HGHQMHGHQ
GZDWLHQ\OF\NORKHNV\OSLSLGU\QD7R QLHVDPRZLWHSRQLHZD*
V\QWH]DWHJR]ZL]NX
3RNLONXPLQXWDFKQDER*QHJRNLZDQLDJáRZSU]\WDNLZDQLD
XPLHFKDQLDVL LJUDWXORZDQLD'H/DXUD]GRáDáZNRFXSU]\FLJQü
XZDJ V]HIDODERUDWRULXPSRJU*RQHJRZ R*\ZLRQHMUR]PRZLH]
3DXOHP5HLQKDUWHPLSU]HNU]\NXMFUR]G\VNXWRZDQ\FKQDXNRZFyZ
WRFRPyZLOLEU]PLDáRGODQLHJRMDNFKLV]F]\]QD Z\áXV]F]\ü
VZyMSUREOHP
-H]XVDPQLHZLHP0DUW\ '\UHNWRUODERUDWRULXP
SRNU FLáJáRZ :V]\VF\QDVLV WHUD]FKROHUQLH]DM FL3R]D
W\PZLHV]RGVWDZLüWDNLQXPHUWXZRNU JX&KROHUQLH
QLHEH]SLHF]QDVSUDZD
8QDVWDNVDPR ZWUFLá]HZVSyáF]XFLHP5HLQKDUW
ZV]\VF\]DM FL &KFLDáE\PFLSRPyF]ZáDV]F]D*H]QDOD]áH
ODERUDWRULXPJG]LHWRWRUREL6 NZW\P*HQLHMHVWHPSHZLHQ
F]\NWyUHPX ]QDV]\FKXGDáRE\VL LFK]P\OLü.D*G\V]SU\FXQF]\
KDQGODU]QDW\FKPLDVWE\JRUR]SR]QDáEREDUG]RF] VWR]H]QDMHP\
SU]HFLZNRQLPZVG]LH
7DDD FK\EDPDV] ]DF]áSRQXUR'H/DXUDJG\ZWHP
SRGHV]áDGRQLFKMHGQD]XEUDQ\FKZELDáHIDUWXFK\NRELHW
3U]HSUDV]DP SRZLHG]LDáD7LQD6XQ:DQJ ZLHP*HWRQLH
PRMDVSUDZDDOHPQLHFK\EDQLHUR]SR]QDM1LJG\SU]HFLZNRQLP
QLH]H]QDZDáDP:RJyOHQLH]H]QDZDáDPZVG]LH

1LHGRNRF]RQDZLDGRPRüQDHNUDQLHNRPSXWHURZHJRPRQLWRUD
EU]PLDáDQDVW SXMFR
'R7 F]\
2G*HQHUDáD
'RW\F]\7UDQVDNFMLZ3DUNX&ODLUPRQW
'RQRV] *HZV]\VF\DUHV]WRZDQLSRGF]DV VSU]HGD*\
SDUWLLDQDORJXWLRSHLQRZHJR]RVWDOL]ZROQLHQL]EUDNXGRZRGyZ
3UDNW\NDSRWZLHUG]LáD]DáR*HQLDWHRUHW\F]QH'RQRV] UyZQLH**H
ZHGáXJLQIRUPDFML]H(UyGHáSROLF\MQRVGRZ\FK SURNXUDWXUD
Z\GDáDQDND]DUHV]WRZDQLDQDWURMHSRGHMU]DQ\FKXF]HVWQLF]F\FKZ
WUDQVDNFML =DU]XWPRUGHUVWZR3RQL*HMLQIRUPDFMHLVWRWQHGOD
VSUDZ\
%R*H V]HSQ áD6DQG\VWRMF].RG L6KDQQRQHPSU]HG
UR]ZLHWORQ\PHNUDQHP:MHMJáRZLHNá ELá\VL JRUF]NRZHP\OL
6SRNRMQLHG]LHZF]\QR SRFLHV]DáM &KDUOH\FKRüVáRZD
NWyUHSU]HGFKZLO SU]HF]\WDáGRSURZDG]Lá\JRGRSUDZG]LZHM
IXULL 1LFQDPQLH
1LHQLHUR]XPLHV] 2VWUR*QLHXVLDGáDSU]HGNODZLDWXU
NRPSXWHUD 0\O *HXGDPLVL WDPZHMü
*G]LH" %HQVWDáSU]\RNQLH=OXVWURZDZV]\FLHPQHSDWLR
]DFLJQá VWRU\L]RGEH]SLHF]RQ F]WHUG]LHVWN SLWN Z
]DNUZDZLRQHMU FHVSRMU]Dá]GXPLRQ\QD6DQG\
'RLFKVLHFLNRPSXWHURZHM RGU]HNáDUR]JOGDMFVL SR
JDELQHFLHZSRV]XNLZDQLXSRGU F]QLNDREVáXJLNWyU\PXVLDáWDP
JG]LH E\ü2WZRU]\áDV]XIODG SRGNODZLDWXUXPLHFKQ áDVL
Z\M áD]QLHMVSLUDOQLHRSUDZLRQ\VNRURV]\WZEá\V]F]F\FK
RNáDGNDFKLQDW\FKPLDVW]DF] áDJRNDUWNRZDü
2 F]\PW\GRGLDEáDPyZLV]" VS\WDá.RGD
2*HQHUDOHL 5D\QHHP8*\ZDM W\FKNRPSXWHUyZ GR
SU]HND]\ZDQLDZLDGRPRFLOLQL WHOHIRQLF]Q WáXPDF]\áD,FK\ED
QLHW\ONRGRWHJR'RZLHOXLQQ\FKU]HF]\WH*3HZQLHWU]\PDM WX
QD]ZLVNDKDQGODU]\ QDPLDU\SXQNWyZNRQWDNWRZ\FKLVNU\WHN
IDNWXU\]DPyZLH ]HVWDZLHQLDZSá\ZyZL Z\GDWNyZPR*HQDZHW
DGUHV\W\FKFKROHUQ\FKODERUDWRULyZ