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*ZDUDQFMD3KLOLSV)UVW&KRLFH
']LĊNXMHP\]D]DNXSPRQLWRUDILUP\3KLOLSV
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:V]\VWNLHPRQLWRU\ILUP\3KLOLSVVąSURMHNWRZDQHLSURGXNRZDQH]JRGQLH]H
ĞFLVá\PLQRUPDPL=DSHZQLDMąRQHZ\VRNąMDNRĞüSUDF\RUD]áDWZRĞüREVáXJLL
LQVWDODFML:SU]\SDGNXZ\VWąSLHQLDSUREOHPyZZ]DNUHVLHLQVWDODFMLOXE
HNVSORDWDFMLSURGXNWXQDOHĪ\VNRQWDNWRZDüVLĊEH]SRĞUHGQLR]SXQNWHPSRPRF\
WHFKQLF]QHMILUP\3KLOLSVZFHOXVNRU]\VWDQLD]JZDUDQFML3KLOLSV)UVW&KRLFH
7U]\OHWQLDJZDUDQFMDVHUZLVRZDXSUDZQLDNOLHQWDGRZ\PLDQ\PRQLWRUDZPLHMVFX
LQVWDODFMLZSU]\SDGNXDZDULLOXEZDGOLZHJRG]LDáDQLD)LUPD3KLOLSVGRNáDGD
ZV]HONLFKVWDUDĔDE\GRNRQDüZ\PLDQ\ZFLąJXJRG]LQRGRWU]\PDQLD
]JáRV]HQLD
=DNUHVJZDUDQFML
*ZDUDQFMD3KLOLSV)UVW&KRLFHRERZLą]XMHQLHWHUHQLH$QGRU\$XVWULL%HOJLL&\SUX'DQLL)UDQFML
*UHFML+LV]SDQLL+RODQGLL)LQODQGLL,UODQGLL/LFKWHQVWHLQX/XNVHPEXUJD0RQDFR1LHPLHF
1RUZHJLL3RUWXJDOLL6]ZDMFDULL6]ZHFML:LHONLHM%U\WDQLLL:áRFKLGRW\F]\Z\áąF]QLHPRQLWRUyZ
]DSURMHNWRZDQ\FKZ\SURGXNRZDQ\FK]DWZLHUG]RQ\FKLOXEGRSXV]F]RQ\FKGRXĪ\WNXZ
SRZ\ĪV]\FKNUDMDFK
2NUHVJZDUDQF\MQ\UR]SRF]\QDVLĊZGQLX]DNXSXPRQLWRUD:FLąJXWU]HFKODWPRQLWRU]RVWDQLH
Z\PLHQLRQ\QDWDNLVDPOXEOHSV]\PRGHOZSU]\SDGNXZ\VWąSLHQLDXVWHUHNREMĊW\FKJZDUDQFMą
1RZ\PRQLWRUVWDMHVLĊZáDVQRĞFLąNOLHQWDQDWRPLDVWILUPD3KLOLSV]DWU]\PXMHVWDU\ZDGOLZ\
PRQLWRU=DPLHQQ\PRQLWRUREMĊW\MHVWJZDUDQFMąSU]H]RNUHVUyZQ\RNUHVRZLJZDUDQF\MQHPX
SLHUZRWQHJRPRQLWRUDW]QPLHVLĊF\RGGDW\]DNXSXSLHUZRWQHJRPRQLWRUD
&]HJRQLHREHMPXMHJZDUDQFMD"
*ZDUDQFMD3KLOLSV)UVW&KRLFHPD]DVWRVRZDQLHSRGZDUXQNLHPĪHSURGXNWMHVWZ\NRU]\VW\ZDQ\
ZáDĞFLZLHL]JRGQLH]SU]H]QDF]HQLHPZHGáXJLQVWUXNFMLREVáXJL'RGDWNRZ\PZDUXQNLHPMHVW
SU]HGVWDZLHQLHRU\JLQDáXIDNWXU\OXEUDFKXQNX]XZ]JOĊGQLHQLHPGDW\]DNXSXQD]Z\VSU]HGDZF\
RUD]PRGHOXLQXPHUXVHU\MQHJRSURGXNWX
*ZDUDQFMD3KLOLSV)UVW&KRLFHPRĪH]RVWDüXQLHZDĪQLRQDZQDVWĊSXMąF\FKSU]\SDGNDFK
MHĞOLGRNXPHQW\]RVWDá\ZMDNLNROZLHNVSRVyE]PLHQLRQHOXEVąQLHF]\WHOQH
MHĞOLPRGHOOXEQXPHUVHU\MQ\SURGXNWX]RVWDá]PLHQLRQ\]DPD]DQ\XVXQLĊW\OXEVWDáVLĊ
QLHF]\WHOQ\
MHĞOLSURGXNW]RVWDáSRGGDQ\QDSUDZRPOXEPRG\ILNDFMRPZ\NRQ\ZDQ\PSU]H]
QLHXSRZDĪQLRQHSODFyZNLVHUZLVRZHOXERVRE\
MHĞOLZ\VWąSLá\XV]NRG]HQLDVSRZRGRZDQH]GDU]HQLDPLORVRZ\PLWDNLPLMDNZ\áDGRZDQLD
DWPRVIHU\F]QH]DODQLHSRĪDUQLHZáDĞFLZHXĪ\WNRZDQLHEąGĨ]DQLHGEDQLH
MHĞOLZ\VWĊSXMą]DNáyFHQLDZRGELRU]HVSRZRGRZDQHMDNRĞFLąV\JQDáXEąGĨNDEODPLOXE
DQWHQDPLSR]DXU]ąG]HQLHP
MHĞOLZ\VWąSLá\XVWHUNLVSRZRGRZDQHQLHZáDĞFLZ\PXĪ\WNRZDQLHPPRQLWRUD
MHĞOLSURGXNWZ\PDJDPRG\ILNDFMLOXEGRVWRVRZDQLDZFHOX]DSHZQLHQLD]JRGQRĞFL]
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