(8"3"/$+"0(3"/*$;0/".POJUPSLPNQVUFSPXZ
*ZDUDQFMD3KLOLSV)UVW&KRLFH.DQDGD86$*UDWXOXMHP\]DNXSXPRQLWRUDILUP\3KLOLSV
:V]\VWNLHPRQLWRU\3KLOLSVVąSURMHNWRZDQHLSURGXNRZDQH]XZ]JOĊGQLHQLHP
QDMZ\ĪV]\FKVWDQGDUGyZ]DSHZQLDMąZ\VRNąMDNRĞüG]LDáDQLDVąáDWZHZ
LQVWDODFMLLXĪ\WNRZDQLX:UD]LHZ\VWąSLHQLDMDNLFKNROZLHNSUREOHPyZZ
WUDNFLHLQVWDORZDQLDOXEXĪ\WNRZDQLDSURGXNWXSURVLP\REH]SRĞUHGQLNRQWDNW
]SU]HGVWDZLFLHOHPILUP\3KLOLSVZFHOXVNRU]\VWDQLD]JZDUDQFML3KLOLSV)UVW
&KRLFH7DWU]\OHWQLDJZDUDQFMDVHUZLVRZDXSUDZQLDZFLąJXSLHUZV]HJR
URNXRGFKZLOL]DNXSXGRZ\PLDQ\SURGXNWXZPLHMVFXMHJR]DLQVWDORZDQLDZ
FLąJXJRG]LQRGFKZLOLSU]\MĊFLD]JáRV]HQLD-HĪHOLZ\VWąSLąMDNLHNROZLHN
SUREOHP\]PRQLWRUHPZWUDNFLHGUXJLHJROXEWU]HFLHJRURNXRG]DNXSXSR
SU]HVáDQLXPRQLWRUDGRVHUZLVXQDNRV]WNOLHQWDGRNRQDP\MHJREH]SáDWQHJR
QDSUDZLHQLDL]ZUyFLP\JRZSU]HFLąJXSLĊFLXGQLURERF]\FK
*:$5$1&-$2*5$1,&=21$0RQLWRUNRPSXWHURZ\.OLNQLMWXWDMDE\Z\ĞZLHWOLü:DUUDQW\5HJLVWUDWLRQ&DUG
7U]\OHWQLDEH]SáDWQDURERFL]QD7U]\OHWQLDEH]SáDWQDGRVWDZDF]ĊĞFL]DPLHQQ\FK
5RF]Q\RNUHVZ\PLDQ\
3URGXNWEĊG]LHZ\PLHQLRQ\QDQRZ\OXERGQRZLRQ\ZHGáXJSLHUZRWQHMVSHF\ILNDFMLZFLąJXGZyFK
GQLURERF]\FKSU]H]SLHUZV]\URNWUZDQLDJZDUDQFML:GUXJLPLWU]HFLPURNXJZDUDQFMLSURGXNW
PXVLE\üGRVWDUF]RQ\GRVHUZLVXQDNRV]WNOLHQWD
.72-(672%-ĉ7<*:$5$1&-Ą"
$E\X]\VNDüSUDZRGRVHUZLVXJZDUDQF\MQHJRNRQLHF]QH���MHVWSU]HGVWDZLHQLHGRZRGX]DNXSX
SURGXNWX=DGRZyG]DNXSXXZDĪDQHMHVWSRNZLWRZDQLHVSU]HGDĪ\OXELQQ\GRNXPHQWZVND]XMąF\
QDGRNRQDQLHSU]H]NOLHQWD]DNXSXSURGXNWX:]ZLą]NX]W\PQDOHĪ\SU]HFKRZ\ZDüGRZyG
]DNXSXQDMOHSLHMZUD]]LQVWUXNFMąREVáXJLSURGXNWX
&2-(672%-ĉ7(*:$5$1&-Ą"
*ZDUDQFMDRERZLą]XMHRGGQLDZNWyU\PGRNRQDQR]DNXSXSURGXNWX3U]H]WU]\NROHMQHODWDEĊGą
EH]SáDWQLHQDSUDZLDQHOXEZ\PLHQLDQHZV]\VWNLHF]ĊĞFLDURERFL]QDMHVWEH]SáDWQD3RXSá\ZLH
WU]HFKODWRGGDW\]DNXSXNOLHQWSRQRVLNRV]W\Z\PLHQLRQ\FKOXEQDSUDZLRQ\FKF]ĊĞFLRUD]NRV]W\
URERFL]Q\
:V]\VWNLHF]ĊĞFLZáąF]DMąFZWRF]ĊĞFLQDSUDZLDQHLZ\PLHQLDQHVąREMĊWHJZDUDQFMąZ\áąF]QLH
ZSLHUZRWQ\PRNUHVLHMHMRERZLą]\ZDQLD3RZ\JDĞQLĊFLXJZDUDQFMLQDSURGXNWRU\JLQDOQ\
JZDUDQFMDQDZV]\VWNLHZ\PLHQLRQHLQDSUDZLRQHSURGXNW\LF]ĊĞFLUyZQLHĪZ\JDVD
GJMF%]%'6QPMJTIXBSSBOUZXBS@VTBIUNPG".