OA?UeEIANEEE AINOAeA?NOAAIIUE YEIIIIE*ANEEE OIEAA?NEOAO

OAeE 658.14:334.756

?AIUeE AAAI?

OI?AAEAIEA EIAANOEOeEIIIIE AeAssOAEUeIINOUeTH OIEAeEIAIAIE
EIIIAIEE

Niaoeeaeueiinoue 08.06.02 – «I?aaei?eieiaoaeuenoai,

iaiaaeaeiaio e ia?eaoeia»

AAOI?AOA?AO

aeenna?oaoeee ia nieneaiea o/aiie noaiaie

eaiaeeaeaoa yeiiiie/aneeo iaoe

Oa?ueeia – 1999

Aeenna?oaoeeae yaeyaony ?oeiienue.

?aaioa auiieiaia a Oa?ueeianeii ainoaea?noaaiiii yeiiiie/aneii
oieaa?neoaoa,

Ieienoa?noai ia?aciaaiey Oe?aeiu.

Iao/iue ?oeiaiaeeoaeue — eaiaeeaeao yeiiiie/aneeo iaoe, aeioeaio

Ee?aeia? Eaiieae Aeaenaiae?iae/

Oa?ueeianeee ainoaea?noaaiiue yeiiiie/aneee oieaa?neoao, aeioeaio
eaoaae?u iaiaaeaeiaioa

Ioeoeeaeueiua iiiiiaiou:aeieoi? yeiiiie/aneeo iaoe, i?ioanni?, aeaaeaiee
Aeaaeaiee yeiiiie/aneeo iaoe Oe?aeiu

Iaeeioeiaa Aaeeia Na?aaaaia

Oe?aeineay Aeaaeaiey ainoaea?noaaiiiai oi?aaeaiey i?e I?aceaeaioa
Oe?aeiu, Oa?ueeianeee oeeeae,

caa. eaoaae?ie ainoaea?noaaiiiai oi?aaeaiey e iaiaaeaeiaioa

eaiaeeaeao yeiiiie/aneeo iaoe, i?ioanni?

Eithaea Iaaae Ieeieaaae/

Oa?ueeianeee ainoaea?noaaiiue oaoie/aneee oieaa?neoao ?aaeeiyeaeo?iieee,
caa. eaoaae?ie yeiiiieee e iaiaaeaeiaioa

Aaaeouay i?aaiecaoeey —

Oa?ueeianeee iaoeeiiaeueiue oieaa?neoao ei.A.I.Ea?aceia, eaoaae?a
yeiiiieee e iaiaaeaeiaioa, Ieienoa?noai ia?aciaaiey Oe?aeiu, a.
Oa?ueeia.

Caueoa ninoieony » 23 » _aeaeaa?y _ 1999 a. a _13_____ /ania ia
canaaeaiee niaoeeaeece?iaaiiiai niaaoa, oeo? Ae 64.055.01 a
Oa?ueeianeii ainoaea?noaaiiii yeiiiie/aneii oieaa?neoaoa ii aae?ano:
310001, a. Oa?ueeia, i?. Eaieia, 9-a.

N aeenna?oaoeeae iiaeii iciaeiieoueny a aeaeeioaea Oa?ueeianeiai
ainoaea?noaaiiiai yeiiiie/aneiai oieaa?neoaoa ii aae?ano: 310001, a.
Oa?ueeia, i?. Eaieia, 9-a .

Aaoi?aoa?ao ?acineai » 20__ » _iiya?y_____ 1999a.

O/aiue nae?aoa?ue

niaoeeaeece?iaaiiiai niaaoa
Aei?iieia I.N.

2

1

IAUAss OA?AEOA?ENOEEA ?AAIOU

Aeooaeueiinoue oaiu. Yeiiiie/aneea i?aia?aciaaiey a Oe?aeia
i?aaeiieaaatho a ea/anoaa iaeiie ec aaaeiaeoeo caaea/ ?aaeeeaeueiua
eciaiaiey a nenoaia oi?aaeaiey yeiiiieeie eae ia iae?io?iaia, oae e ia
o?iaia i?aaei?eyoee e iau-aaeeiaiee. Yoe eciaiaiey iaoiaeyo naia
au?aaeaiea a ia?ano?ieea i?aaiecaoeeiiiie no?oeoo?u oi?aaeaiey
i?iecaiaenoaii, nicaeaiee i?iiuoeaiii-oeiainiauo a?oii, oieaeeiaiauo
eiiiaiee. Iaiaoiaeeiinoue aicieeiiaaiey e ?acaeoey iiauo oi?i
i?aaei?eieiaoaeuenoaa iauaeoeaii iaoneiaeaia iio?aaiinoueth iauanoaa a
aieaa aeaeeo no?oeoo?iuo oi?iao, niiniaiuo aaeaioe?iaaoueny e auno?ui
eciaiaieyi aiaoiae ii ioiioaieth e i?aaiecaoeee n?aaeu.

Iaeiie ec iaeaieaa aaaeiuo no?oeoo?, oa?aeoa?iuo aeey ?acaeoie ?uii/iie
yeiiiieee, yaeyaony oaeay oi?ia i?aaiecaoeee, eae oieaeeia (oieaeeiaiaay
nenoaia). Ooieoeeiie?iaaiea oieaeeiaiauo nenoai, n iaeiie noi?iiu, eiaao
?yae i?aeiouanoa ia?aae aaeeie/iuie eiiiaieyie, a n ae?oaie — iii
ioee/aaony ii?aaeaeaiiuie iniaaiiinoyie, eioi?ua ii?iaeaeatho iiaua
i?iaeaiu e o?oaeiinoe, ia oa?aeoa?iua aeey ioaeaeueiuo eiiiaiee.
Enneaaeiaaiea yoeo i?iaeai iaiaoiaeeii n oi/ee c?aiey ia?niaeoea
?acaeoey oieaeeiaia, eniieueciaaiey eo i?aeiouanoa, auyniaiey ?iee e
ianoa a yeiiiieea Oe?aeiu.

Oi?ie?iaaiea oieaeeiaia a iinonioeeaeenoe/aneeo no?aiao, a oii
/enea a Oe?aeia, eiaao ioiineoaeueii iaaieueoie iiuo e yooaeoeaiinoue
yoiai i?ioeanna caaeneo, n iaeiie noi?iiu, io ia? ainoaea?noaaiiiai
?aaoee?iaaiey i?aaei?eieiaoaeueneie aeayoaeueiinoe, n ae?oaie — io
?ac?aaioee e aiaae?aiey a i?aeoeeo aaeaeaaoiuo nia?aiaiiui oieaeeiaai
eino?oiaioia aioo?eoe?iaiiiai iaiaaeaeiaioa, a oii /enea iaoaieciia
eiaanoeoeeiiiiai acaeiiaeaenoaey oieaeeiaa e aei/a?ieo eiiiaiee,
iaoiaeia ieaie?iaaiey eiaanoeoeee, i?aaiecaoeeiiiiai iaania/aiey
eiaanoeoeeiiiie aeayoaeueiinoe e niioaaonoaothueo nenoai iioeaaoeee
?aaioieeia.

Aeey oiai, /oiau eieoeee?iaaoue aiaaoue iioaioeeae oieaeeiaa eae aeaeie
no?oeoo?u, aaeaeaaoiie nia?aiaiiiio ?uieo, iaiaoiaeeiu ?aciinoi?iiiea
oai?aoe/aneea enneaaeiaaiey yoie no?oeoo?u a ?aieao eiie?aoiie
iaoeeiiaeueiie yeiiiieee. ?acoeueoaou enneaaeiaaiee aeieaeiu iaeoe
au?aaeaiea a i?aeoe/aneeo iiaeoiaeao, ?aeiiaiaeaoeeyo e iaoiaeeeao. A
ia?aoth i/a?aaeue yoi ioiineony e eiaanoeoeeiiiie aeayoaeueiinoe, oae
eae eiaiii iia yaeyaony oeaio?aeueiie aeey oieaeeiaiauo nenoai.

A ?aaioao oe?aeineeo e ca?oaaaeiuo o/aiuo, n?aaee eioi?uo iiaeii
auaeaeeoue Aeiooa ?., Ainiooa E., Aa?eiae/a E.A., Aeaiea E.A., Ae?iaia
A., Aeoieai Ae.O., Ai?aoiiaa A.A., Iaeeioeiao A.N., Eiaaeaaa A.I.,
Ia?anaaeo A.A., Oieoa ?.I. e ae?oaeo, ?anniao?eaathony ?acee/iua aniaeou
oi?aaeaiey oieaeeiaiauie eiiiaieyie, eiaanoeoeeyie e eaieoaeii. Aianoa n
oai oaeea aii?inu, eae oi?ie?iaaiea no?oeoo?u oieaeeiaiaie eiiiaiee ai
acaeiinayce n aa aeeciaiiui oeeeeii, nicaeaiea yooaeoeaiiai iaoaiecia
acaeiiaeaenoaey oieaeeiaiaie a?oiiu n eiaanoi?aie, aeoeaecaoeey
aeayoaeueiinoe iaiaaeaea?ia a ?ac?aaioea e ?aaeecaoeee eiaanoeoeeiiiuo
i?iaeoia, ioaeaeathony a aeaeueiaeoai ?acaeoee n o/aoii iniaaiiinoae
iaoeeiiaeueiie yeiiiieee. Yoi e iaoneiaeei auai? oaiu aeenna?oaoeee, aa
oeaeue e caaea/e.

Aua?aiiia iai?aaeaiea enneaaeiaaiey niaiaaeaao n ieaiaie iao/iuo
enneaaeiaaiee eaoaae?u iaiaaeaeiaioa Oa?ueeianeiai ainoaea?noaaiiiai
yeiiiie/aneiai oieaa?neoaoa ii oaia «?acaeoea iaiaaeaeiaioa a oneiaeyo
eciaiaiey eiioeaiooaeueiuo iniia yeiiiieee».

Oeaeue e caaea/e enneaaeiaaiey. Oeaeueth aeenna?oaoeeiiiie ?aaiou
yaeyaony oai?aoe/aneia iainiiaaiea e ?ac?aaioea iaoaiecia
acaeiiaeaenoaey oieaeeiaiaie a?oiiu n aiaoieie eiaanoi?aie e
?aeiiaiaeaoeee ii i?aaiecaoeeiiiiio iaania/aieth eiaanoeoeeiiiie
aeayoaeueiinoe oieaeeiaa.

Aeey aeinoeaeaiey iinoaaeaiiie oeaee a aeenna?oaoeee noi?ioee?iaaiu e
?aoaiu neaaeothuea caaea/e:

i?iaaaeai aiaeec ia? ii ainoaea?noaaiiiio ?aaoee?iaaieth
eiaanoeoeeiiiie aeayoaeueiinoe a Oe?aeia, ?innee, Aaia?ee;

iaiauai iiuo oi?ie?iaaiey oieaeeiaiauo eiiiaiee a iinonioeeaeenoe/aneeo
no?aiao e auaeaeaiu aeaaiua iniaaiiinoe yoiai i?ioeanna, a oii /enea e a
Oe?aeia;

auaeaeaiu iniiaiua yoaiu aioo?eoe?iaiiiai eiaanoeoeeiiiiai
ieaie?iaaiey, ?ane?uoi niaea?aeaiea eaaeaeiai yoaia e aai iniiaiua
caaea/e;

iainiiaai iiaeoiae e acaeiiaeaenoaeth oieaeeiaa n aiaoiei eiaanoi?ii
i?e nicaeaiee aei/a?ieo oe?i oieaeeiaa;

noi?ioee?iaaiu iniiaiua yoaiu ?ac?aaioee e ?aaeecaoeee i?iaeoa
eiaanoe?iaaiey aei/a?iae oe?iu oieaeeiaa, ?ane?uoi niaea?aeaiea e
?ac?aaioaiu ?aeiiaiaeaoeee ii eo i?aeoe/aneiio auiieiaieth;

i?iaaaeai e?eoe/aneee aiaeec iaoiaeia ioeaiee noieiinoe eaieoaea e
ii?aaeaeaiey oeaiu aueoia aei/a?iae oe?iu;

i?iaaaeai aiaeec oeiia i?aaiecaoeeiiiuo no?oeoo? oieaeeiaa ai
acaeiinayce ni noaaeeyie aai aeeciaiiiai oeeeea;

iaiauaiu iiaeoiaeu e i?eioeeiu iioeaaoeee, i?aaeeaaaaiua ?acee/iuie
oai?eyie, i?iaaaeai eo n?aaieoaeueiue aiaeec;

?ac?aaioaia i?ia?aiia iioeae?iaaiey iaiaaeaea?ia oieaeeiaiaie a?oiiu.

I?aaeiao e iauaeo enneaaeiaaiey. I?aaeiaoii enneaaeiaaiey yaeyaony
eiaanoeoeeiiiay aeayoaeueiinoue oieaeeiaiauo eiiiaiee. Iauaeoii
enneaaeiaaiey aua?aiu oieaeeiaiaua eiiiaiee, nicaeathueany a i?ioeanna
?aoi?ie?iaaiey yeiiiieee Oe?aeiu e Aaia?ee.

Iauay iaoiaeeea enneaaeiaaiey. Oai?aoe/aneie e iaoiaeieiae/aneie
iniiaie aeenna?oaoeee yaeythony ooiaeaiaioaeueiua iieiaeaiey iauae
yeiiiie/aneie oai?ee, o?oaeu oe?aeineeo e ca?oaaaeiuo o/aiuo a iaeanoe
oi?aaeaiey eaieoaeii, eiaanoeoeeyie, i?aaiecaoeeyie. I?e auiieiaiee
?aaiou eniieueciaaeenue iaoiaeu eiae/aneiai iaiauaiey, yenia?oiuo
ioeaiie, yeiiiie/aneiai e nenoaiiiai aiaeeca, noaoenoe/aneea iaoiaeu.

Eioi?iaoeeiiiie aacie enneaaeiaaiey yaeeenue oe?aeineea e ca?oaaaeiua
ioaeeeaoeee ii eco/aaiui aii?inai, ioeoeeaeueiay noaoenoeea,
io/aoii-noaoenoe/aneea aeaiiua i?aaei?eyoee Oe?aeiu e Aaia?ee.

Iao/iay iiaecia ?acoeueoaoia, iieo/aiiuo ee/ii aaoi?ii:

iainiiaai niinia i?eaea/aiey eiino?aiiuo eiaanoeoeee a iaoeeiiaeueioth
yeiiiieeo iooai eniieueciaaiey aiciiaeiinoae oieaeeiaa eae eieoaaoi?a
aei/a?ieo oe?i;

i?aaeeiaeaia noaia acaeiiaeaenoaey oieaeeiaa n oe?iie-eiaanoi?ii;

ooi/iaii iiiyoea «aeeciaiiue oeeee» aeey aei/a?ieo eiiiaiee oieaeeiaa,
i?aaeiacia/aiiuo aeey i?iaeaaee;

?ac?aaioaiu i?aaeeiaeaiey ii ii?aaeaeaieth oeaiu aueoia aei/a?iae
oe?iu;

i?aaeeiaeaiu ?aeiiaiaeaoeee ii iiaeaioiaea e ?aaeecaoeee i?iaeoa
eiaanoe?iaaiey aei/a?iae eiiiaiee;

iainiiaaiu i?aaeeiaeaiey ii oi?ie?iaaieth nenoaiu iioeae?iaaiey
iaiaaeaea?ia, iniiaaiiie ia eo aeieaaii o/anoee a eaieoaea oieaeeiaa e
eiaanoe?iaaiee aei/a?ieo oe?i.

I?aeoe/aneay oeaiiinoue ?acoeueoaoia ?aaiou. I?aaenoaaeaiiua a
aeenna?oaoeee ?acoeueoaou e ?aeiiaiaeaoeee eiatho i?aeoe/aneia cia/aiea
eae aeey ioaeaeueiuo i?aaei?eyoee e iauaaeeiaiee ia iooe eo
i?aia?aciaaiey a oieaeeiaiaua a?oiiu, oae e aeey oaea noi?ie?iaaiiuo
oieaeeiaia. Iiaeoiae e i?eaea/aieth eiino?aiiuo eiaanoi?ia /a?ac
eniieueciaaiea aiciiaeiinoae oieaeeiaa iiaeao auoue i?eiaiai ia
iauaainoaea?noaaiiii e ?aaeiiaeueiii o?iaiyo i?e ?ac?aaioea ia? ii
?aaoee?iaaieth eiaanoeoeeiiiie aeayoaeueiinoe.

Ee/iue aeeaae nieneaoaey a ?aaioao, eioi?ua auiieiaiu a niaaoi?noaa.

Ee?aeia? E. A., ?aiuee Aaai?. Iioeaaoeey aeayoaeueiinoe iaiaaeaea?ia a
?ac?aaioea e ?aaeecaoeee eiaanoeoeeiiiie iieeoeee // A?niee OAeAO. —
1997. — ?3. – 0,32 one.-ia/. e. Ee/ii aaoi?ii i?aaeeiaeaii i?eiaiaiea
i?eioeeiia ia?oeneiaoeaiiai oi?aaeaiey aeey noeioee?iaaiey
aeayoaeueiinoe iaiaaeaea?ia (n. 100-103). Iauee aaoi?neee iauai – 0,16
one.-ia/. e.

O. Ia?eoeiaa, A. ?aiuee, N. Iao?aiei. Oieaeeia – «eieoaaoi?» iiauo
oe?i // Aecian-eioi?i. –1998. -?4. – 0,3 one.ia/. e. Ee/ii aaoi?ii
i?aaeeiaeai iiaeoiae e i?eaea/aieth eiino?aiiuo eiaanoeoeee iooai
nicaeaiey aei/a?ieo oe?i oieaeeiaa (n. 39 — 41). Iauee aaoi?neee iauai –
0,2 one.ia/. e.

Ai?iaaoeey ?aaiou. Iniiaiua auaiaeu e iieiaeaiey aeenna?oaoeee auee
aeieiaeaiu, ianoaeaeaiu e iieo/eee iaeia?aiea ia iaaeaeoia?iaeiuo
iao/ii-i?aeoe/aneeo eiioa?aioeeyo, eioi?ua i?iaiaeeeenue a Aoaeaiaooa
(Aaia?ey) a 1994, 1997 aa. ?ac?aaioaiiua a aeenna?oaoeee ?aeiiaiaeaoeee
e iiaeoiaeu auee aiaae?aiu a aeayoaeueiinoue oieaeeiaiaie a?oiiu
«Iiaio?aeae» (Aaia?ey), aa aei/a?ieo oe?i a ?aciuo no?aiao.

Ioaeeeaoeee. Ii oaia aeenna?oaoeee iioaeeeiaaii 3 iao/iuo noaouee
iauei iauaiii 1,01 one.-ia/. e., ec ieo ee/ii aaoi?o i?eiaaeeaaeeo 0,74
one.-ia/. e.

No?oeoo?a e iauai ?aaiou. Aeenna?oaoeey ninoieo ec anooieaiey, o?ao
?acaeaeia, auaiaeia, nienea eeoa?aoo?u ec 110 iaeiaiiaaiee. ?aaioa
niaea?aeeo 163 no?aieoeu iaoeiiieniiai oaenoa, 5 oaaeeoe, 15
?enoieia.

INIIAIIA NIAeA?AEAIEA AeENNA?OAOeEE

Ai aaaaeaiee iainiiaaia aeooaeueiinoue oaiu aeenna?oaoeee,
i?iaiaeece?iaaia noaiaiue aa eco/aiiinoe, ii?aaeaeaiu oeaeue, i?aaeiao e
iauaeo enneaaeiaaiey, noi?ioee?iaaiu caaea/e, ioia?aaeaiu iao/iay
iiaecia e i?aeoe/aneia cia/aiea iieo/aiiuo ?acoeueoaoia e auaiaeia
enneaaeiaaiey.

A ia?aii ?acaeaea – «Eiaanoe?iaaiea e ?acaeoea i?aaei?eyoee a ia?eiae
?aoi?ie?iaaiey yeiiiieee» – ?ane?uou iniaaiiinoe oieaeeiaiauo eiiiaiee,
eo i?aeiouanoaa e ?ieue eae a oneiaeyo ?acaeoie ?uii/iie yeiiiieee, oae
e a ia?eiae aa oi?ie?iaaiey. I?iaiaeece?iaaiu oai?ey e i?aeoeea
ainoaea?noaaiiiai ?aaoee?iaaiey e aioo?eoe?iaiiiai oi?aaeaiey
eiaanoeoeeiiiie aeayoaeueiinoueth.

1. Ia?aciaaiea oieaeeiaiauo eiiiaiee i?e ia?aoiaea e ?uii/iie yeiiiieea
yaeyaony iaecaaaeiui neaaenoaeai i?iaiaeeiuo yeiiiie/aneeo ?aoi?i e
oa?aeoa?ecoao o?iaaiue ?acaeoey ?uii/iuo ioiioaiee. Iniiao ?acaeoey
oieaeeiaiauo eiiiaiee ninoaaeyao aeoeeiia?iay nianoaaiiinoue, iiyoiio
nicaeaiea e ?ani?ino?aiaiea yoeo eiiiaiee oanii naycaiu n oaeeie
i?ioeannaie, eae i?eaaoecaoeey, ei?ii?aoecaoeey, ?ino aeoeeiia?iiai
eaieoaea, nicaeaiea ?uii/iie eio?ano?oeoo?u. Aiaeece?oy oieaeeiaiaua
eiiiaiee, iaeuecy ia?aie/eaaoueny oieueei iaeiie eiiiaieae: iaoa?eineie
(aieiaiie) oe?iie, eioi?oth /anoi e iacuaatho nianoaaiii oieaeeiaii (eee
oeaio?aeueiui oieaeeiaii). Neaaeoao ?anniao?eaaoue anth oieaeeiaiaoth
a?oiio (nenoaio), aeeth/athuoth ia?yaeo n aieiaiie oaeaea aei/a?iea,
iiaeeiio?ieueiua ae oe?iu. Iineaaeiea, a naith i/a?aaeue, oiaea iiaoo
auoue naycaiu acaeiiui aeaaeaieai aeoeeyie (eaieoaeii).

2. AEecianiiniaiinoue e oe?ieia ?ani?ino?aiaiea oieaeeiaiauo eiiiaiee a
no?aiao n ?acaeoie ?uii/iie yeiiiieeie aace?othony ia ?yaea i?aeiouanoa
yoie oi?iu, eniieueciaaiea eioi?uo nouanoaaiii nieaeaao noaiaiue ?enea
aeayoaeueiinoe oieaeeiaia ii n?aaiaieth n aaeeie/iuie eiiiaieyie.

A iinonioeeaeenoe/aneeo no?aiao a ia?eiae ?aoi?ie?iaaiey yeiiiieee
ia?aciaaiea oieaeeiaia niinianoaoao ?aoaieth ia oieueei aioo?eoe?iaiiuo,
ii e ?yaea iauaainoaea?noaaiiuo caaea/, oa?aeoa?iuo aeey yoeo no?ai:
nio?aiaiea iao/ii-oaoie/aneiai iioaioeeaea, iiaeaea?aeaiea
oaoiieiae/aneeo naycae e eiiia?aoeee, iiauoaiea eii?aeeie?oaiinoe
aeayoaeueiinoe ?acee/iuo caaiueaa yeiiiieee e eo oeiainiaie
onoie/eainoe, eioaa?aoeey iaoeeiiaeueiie yeiiiieee a ie?iaoth nenoaio.

3. Iaoaieci ia?aciaaiey oieaeeiaiauo a?oii a Oe?aeia eiaao iniaaiiinoe,
oa?aeoa?iua aeey iiiaeo iinonioeeaeenoe/aneeo aa?iiaeneeo no?ai, e
ioee/aaony io i?aeoeee no?ai n ?acaeoie ?uii/iie yeiiiieeie.
Oi?ie?iaaiea oieaeeiaia a Oe?aeia e ae?oaeo no?aiao NIA ia/aeinue
«naa?oo» iooai ?ai?aaiecaoeee auaoeo aaaeiinoa e aeaaeia. A i?ioeanna
aeoeeiie?iaaiey i?aaei?eyoee i?ienoiaeeei iauaaeeiaiea eiio?ieueiuo
iaeaoia e ia?aaea/a eo oeaio?o – iaoa?eineie eiiiaiee, eioi?ay ii nooe
caiaiyea oi?iaeueii oi?acaeiaiiia aaaeiinoai. Yoi iauaaeeiaiea
inouanoaeyeinue, eae i?aaeei, aaeieieno?aoeaiuie iaoiaeaie, nio?aiyy e
cae?aieyy iiae/eiaiiia iieiaeaiea aeoeeiie?iaaiiuo i?aaei?eyoee.

A Aaia?ee oaeay i?aeoeea oaeaea eiaea ianoi, ii ia iieo/eea oe?ieiai
?ani?ino?aiaiey. Aeey Aaia?ee oa?aeoa?iu iooe oi?ie?iaaiey oieaeeiaiauo
a?oii ia iniiaa neoiee eiio?ieueiuo iaeaoia aeoeee iacaaeneiuo oe?i e
i?aia?aciaaiea i?eaaoece?iaaiiuo oe?i a oieaeeiaiaua eiiiaiee iooai
auaeaeaiey ioaeaeueiuo iiae?acaeaeaiee e iai?aaeaiee aeayoaeueiinoe a
aei/a?iea i?aaei?eyoey.

4. Eiaanoeoeeiiiay aeayoaeueiinoue oieaeeiaiauo eiiiaiee inouanoaeyaony
ia aaca e a ?aieao ia? ii ainoaea?noaaiiiio ?aaoee?iaaieth yoie
aeayoaeueiinoe aiiaua e eiino?aiiiai eiaanoe?iaaiey a /anoiinoe.

Aiaeec yoeo ia? a iinonioeeaeenoe/aneeo no?aiao iieacuaaao, /oi
ainoaea?noaaiiia ?aaoee?iaaiea ia ioee/aeinue iineaaeiaaoaeueiinoueth.
Ioeac io aeanoeiai ?aaoee?iaaiey aiaoiayeiiiie/aneie aeayoaeueiinoe e
ia?aciaaiey niaianoiuo i?aaei?eyoee, i?aaeinoaaeaiea ei cia/eoaeueiuo
eueaio a ia/aea ?aoi?i ia i?eaaee a oaeeo no?aiao, eae Oe?aeia, ?inney e
?aaeueiiio i?eoieo eiino?aiiuo eiaanoeoeee. Ioiaia eueaio e i?aeiouanoa
yaeyaony oa?aeoa?iie iniaaiiinoueth nia?aiaiiiai yoaia ?aoi?i a Oe?aeia.
A Aaia?ee ?aaoee?iaaiea eiino?aiiuo eiaanoeoeee ioee/aaony aeice?iaaiiui
i?aaeinoaaeaieai eueaio e iiaeaea?aeeie iniai aaaeiuo iai?aaeaiee,
iinoaiaiiui ?anoe?aieai i?ino?ainoaa aeey eiino?aiiuo eiaanoeoeee i?e
eiio?iea ca eo yooaeoeaiinoueth.

5. Aaaeiaeoae caaea/ae oi?aaeaiey eiaanoeoeeiiiie aeayoaeueiinoueth
yaeyaony iaania/aiea auai?a eiaanoeoeeiiiuo aa?eaioia (i?iaeoia),
yooaeoeaiuo aeey aeinoeaeaiey no?aoaae/aneeo oeaeae i?aaei?eyoey. Yoa
caaea/a ?aoaaony a oiaea eiaanoeoeeiiiiai ieaie?iaaiey, yoaiu eioi?iai
i?aaenoaaeaiu ia ?en. 1.

?ane?uaay niaea?aeaiea eaaeaeiai yoaia e niaoeeoeeo i?enoueo ei caaea/,
auee auaeaeaiu ?u/aae (eino?oiaiou) oi?aaeaiey, n iiiiuueth eioi?uo
iiaeii aeeyoue ia auai? aa?eaioia eiaanoe?iaaiey.

Ai aoi?ii ?acaeaea – «?ac?aaioea i?iaeoa eiaanoe?iaaiey aei/a?ieo
eiiiaiee» – iainiiaai iiaeoiae e i?eaea/aieth eiino?aiiiai eaieoaea a
iaoeeiiaeueioth yeiiiieeo iooai eniieueciaaiey aiciiaeiinoae oieaeeiaa
eae eieoaaoi?a iiauo oe?i. I?aaeeiaeaia noaia acaeiiaeaenoaey
oieaeeiaiaie eiiiaiee n eiino?aiiui eiaanoi?ii e yoaiu ?ac?aaioee
i?iaeoa, ?aaeecothuea yoio iiaeoiae. Ia iniiaa e?eoe/aneiai aiaeeca
iaoiaeia ii?aaeaeaiey noieiinoe aeaenoaothueo oe?i noi?ioee?iaaiu
?aeiiaiaeaoeee ii ii?aaeaeaieth oeaiu aueoia aei/a?iae oe?iu.

1. Oieaeeiaiaay eiiiaiey iiaeao ooieoeeiie?iaaoue eae naiaia?aciia
i?aaei?eyoea ii «i?iecaiaenoao» aei/a?ieo oe?i e i?iaeaaea eo
eiino?aiiui eiaanoi?ai, /oi iiaeii ?anniao?eaaoue eae niinia i?eaea/aiey
eiino?aiiiai eaieoaea a iaoeeiiaeueioth yeiiiieeo.

I?e nicaeaiee aei/a?iae oe?iu oieaeeia aianoa n eiio?ieueiuie
ooieoeeyie aa?ao ia naay cia/eoaeueioth aeieth ?enea, /oi yaeyaony
aeaaii?eyoiui oneiaeai aeey eiino?aiiiai ia?oia?a. Iiaay oe?ia,
i?aiaeieaa o?oaeiinoe ia/aeueiiai yoaia aeayoaeueiinoe, aeieacaa naith
aeecianiiniaiinoue e oa?aeoa?ecoynue aeaaii?eyoiui i?iaiicii ?inoa,
yaeyaony aeinoaoi/ii i?eaeaeaoaeueiui iauaeoii aeey eiino?aiiiai
eiaanoi?a, eioi?ue aoaeao caeioa?aniaai oaea a oneeaiee naiaai aeeyiey e
a oaaee/aiee eiio?iey iaae iae.

Oieaeeiaiaay eiiiaiey, i?iaeaaay naith aei/a?ithth oe?io (oi/iaa —
naith aeieth), eiaao aiciiaeiinoue ?aaeeciaaoue a oeaia aa
iioaioeeaeueiua aiciiaeiinoe. I?e i?iaeaaea aeaenoaothuae ?anoouae oe?iu
oieaeeia ?aaeecoao ia oieueei noieiinoue aeoeaia, ii e aa aoaeaeee, /oi
iiaeao cia/eoaeueii iiauneoue i?iaeaaeioth oeaio.

Oaeei ia?acii, oieaeeiaiaay eiiiaiey eiaao aiciiaeiinoue iieo/eoue
aiciaa?aaeaeaiea ca ?ene ia/aeueiiai yoaia, eoi?ue iia a?aea ia naay i?e
nicaeaiee aei/a?-

iae oe?iu. Eceiaeaiiue iiaeoiae e acaeiiaeaenoaeth oieaeeiaa n
eiino?aiiui eiaanoi?ii i?aaenoaaeai ia ?en. 2.

2. I?e i?eiaiaiee oeacaiiiai iiaeoiaea neaaeoao eiaoue a aeaeo, /oi ia
anaaaea i?iaeaaea aei/a?iae oe?iu yaeyaony aieaa auaiaeiie, /ai
nio?aiaiea aa a no?oeoo?a oieaeeiaiaie a?oiiu. A aeenna?oaoeee auaeaeaiu
neaaeothuea oneiaey, i?e eioi?uo oeaeaniia?acia i?iaeaaea oe?iu:

oieaeeiaiaay eiiiaiey ia caieiaao iiiiiieueiiai iieiaeaiey ia
iaoeeiiaeueiii ?uiea e ioiineony e oeio iaaieueoeo aeoeaii ?anooueo
oe?i;

oneiaey iaoeeiiaeueiie yeiiiieee e iniaaiiinoe ianoiiai ?uiea
iaaeinoaoi/ii oi?ioi ecaanoiu eiino?aiiiio ia?oia?o, i?e yoii
i?eaeaeaoaeueiinoue i?iieeiiaaiey ia yoio ?uiie, a oaeaea ?ene ii
ioeaieaaao aeinoaoi/ii auniei;

eiino?aiiue ia?oia? yaeyaony e?oiiie oe?iie, caieiathuae aaaeouaa (eee
cia/eoaeueiia) iieiaeaiea ia ie?iaii (eee ?aaeiiaeueiii) ?uiea;

o aei/a?iae oe?iu nouanoaotho aeeyoaeueiua eiieo?aiou (eee auniea
aa?iyoiinoue eo iiyaeaiey), i?e/ai eie iiaoo aunooieoue eiiiaiee,
eiio?iee?oaiua eiino?aiiui ia?oia?ii.

Yoe oneiaey yaeythony oa?aeoa?iuie aeey iinonioeeaeenoe/aneeo no?ai, a
oii /enea aeey Oe?aeiu e Aaia?ee.

3. Anee ?anniao?eaaoue oieaeeia eae i?aaei?eyoea ii «i?iecaiaenoao»
aei/a?ieo oe?i, oi iineaaeiea i?aaenoaaeythony niaoeeoe/aneei «oiaa?ii»,
eioi?ue i?iaeaaony iieoiaoaeth-eiaanoi?o. A nayce n yoei a aeenna?oaoeee
ooi/iaii iiiyoea «aeeciaiiue oeeee» i?eiaieoaeueii e aei/a?iae oe?ia.

Anee ?anniao?eaaoue aei/a?ithth oe?io n oi/ee c?aiey oieaeeiaa, aeey
eioi?iai iia yaeyaony oiaa?ii, oi aa aeeciaiiue oeeee – yoi i?ioeann aa
iiaeaioiaee («i?iecaiaenoaa»), aeeth/athuee noaaeee ca?iaeaeaiey e
nicaeaiey, ?acaeoey e i?iaeaaee. Noaaeee aeeciaiiiai oeeeea aei/a?iae
oe?iu eae ioaeaeueiiai iauaeoa ia niaiaaeatho ni noaaeeyie aa aeecie a
?aieao oieaeeiaiaie a?oiiu. E iiiaioo i?iaeaaee n oi/ee c?aiey oieaeeiaa
aei/a?iyy oe?ia eae ?ac aeinoeaaao o?iaiy «c?aeinoe», iaiaoiaeeiiai aeey
i?iaeaaee. Aianoa n oai aa nianoaaiiue aeeciaiiue oeeee a yoi a?aiy
iiaeao iaoiaeeoueny a noaaeeyo «aeaonoai», «thiinoue» eee «?aiiyy
c?aeinoue», eioi?ua oa?aeoa?ecothony oaaee/eaathueieny oaiiaie ?inoa.

4. A aeenna?oaoeee auaeaeaiu yoaiu ?ac?aaioee e ?aaeecaoeee i?iaeoa
eiaanoe?iaaiey aei/a?iae oe?iu, ?ane?uoi eo niaea?aeaiea .

A oaae. 1 i?aaenoaaeaiu yoaiu ?ac?aaioee e ?aaeecaoeee i?iaeoa e eo
e?aoeay oa?aeoa?enoeea. A aeenna?oaoeee ?anniio?ai i?eia? i?iaeoa,
?ac?aaioaiiiai a niioaaonoaee n i?aaeeiaeaiiuie ?aeiiaiaeaoeeyie e
iieiaeaieyie e aiaae?aiiiai a oieaeeiaiaie eiiiaiee «Iiaio?aeae»
(Aaia?ey). Yoio i?iaeo i?aaeoniao?eaaao nicaeaiea aei/a?iae eiiiaiee
«NHRT» («Nissan Hungary-RT») i?e o/anoee yiiineiai eiioea?ia «Iennai».
Oe?ia auea nicaeaia eae aeeno?eauethoi? aaoiiiaeeae «Iennai» ia
aaiaa?neii ?uiea, a caoai i?iaeaia (aeiey, i?eiaaeeaaeauay oieaeeiao
«Iiaio?aeae») ia?oia?o.

5. Eeth/aaui aii?inii i?aaeeaaaaiie noaiu acaeiiaeaenoaey oieaeeiaa e
eiaanoi?a e niioaaonoaothuaai ae i?iaeoa yaeyaony ii?aaeaeaiea oeaiu
aueoia aei/a?iae oe?iu. A aeenna?oaoeee i?iaaaeai e?eoe/aneee aiaeec
?acee/iuo iaoiaeia ii?aaeaeaiey ?uii/iie noieiinoe i?aaei?eyoee,
aiciiaeiinoae eo i?eiaiaiey e iniiaiuo i?iaeai, aicieeathueo i?e yoii.
I?iaaaeaiu ?an/aou ii ii?aaeaeaieth oeaiu aueoia aei/a?iae oe?iu «NHRT»
oieaeeiaa «Iiaio?aeae» a ?aieao i?iaeoa «Iennai». Aeaaioth o?oaeiinoue
i?e ii?aaeaeaiee noieiinoe oe?iu i?aaenoaaeyao ioeaiea aa aeaeiaie
?aiooaoeee e iioaioeeaeueiuo aiciiaeiinoae, aa aoaeaeeea. Yoe ea/anoaa
iaoiaeyo ii?aaeaeaiiia io?aaeaiea a eciaiaiee eo?na aeoeee ia ae?aea e
eiyooeoeeaioa ?/A — ioiioaiea oeaiu aeoeee (price) e aeioiaeo ia aeoeeth
(earning).

Oaaeeoea 1

Oa?aeoa?enoeea yoaiia ?ac?aaioee e ?aaeecaoeee i?iaeoa

YoaiuNiaea?aeaiea1. Auaeaeaea-iea eaeae Aaia?e?iaaiea eaeae i
aiciiaeiuo iai?aaeaieyo aeayoaeueiinoe, iiene iioaioeeaeueiuo
eiaanoi?ia.2. Iiaeaioiaea i?aaeeiaeaiee aeey eiaanoi?a I?aaenoaaeaiea
noi?ii: i?aaenoaaeaiea eiiiaiee aoaeouaio eiaanoi?o, aieaa aeoaieia
iciaeiieaiea n aeayoaeueiinoueth e iieiaeaieai eiaanoi?a.

?ac?aaioea enoiaeiiai aa?eaioa aecian-ieaia3. Niaeaniaa-iea ieaia n
eiaanoi?ii Aiaeec aecian-ieaia ii iai?aaeaieyi: i?eiaiyaiua iaoiaeeee
e i?aaeeueiinoue ?an/aoia; iniiaiua aeiiouaiey (noeaia?ee, aa?eaiou
?acaeoey) e iaaeaaeiinoue i?iaiicia; niioaaonoaea i?aaeeaaaaiuo a ieaia
iieacaoaeae e i?eioeeiia aeayoaeueiinoe oeaeaaui onoaiiaeai, i?eioeeiai
oi?aaeaiey e ?acaeoey oe?iu-eiaanoi?a.

Ei??aeoe?iaea enoiaeiiai aa?eaioa ieaia 4. Iiaeaioiaea e caeeth/aiea
eiio?aeoa ?ac?aaioea iniiaiuo iieiaeaiee eiio?aeoa: oeaee noi?ii,
caaea/e iiaie oe?iu, oi?ie?iaaiea eaieoaea oe?iu e aeieaaia o/anoea
noi?ii, oneiaey aueoia aeieae oe?iu, niaeaoaiea ia oneiaeyo e i?eioeeiao
aeayoaeueiinoe oe?iu5. Oi?aaeaiea aeayoaeueiinoueth oe?iu Iaania/aiea
?acaeoey aei/a?iae oe?iu e aeinoeaeaiey ii?aaeaeaiiiai o?iaiy:
?aaeecaoeey iaiai?aiiuo a eiio?aeoa i?eioeeiia aeayoaeueiinoe, oeaeae e
caaea/, auoiae ia caiea-ie?iaaiiua iieacaoaee aeayoaeueiinoe6. I?iaeaaea
oe?iu Ii?aaeaeaiea ?uii/iie noieiinoe oe?iu, oeaiu aueoia e n?iea
aueoia

Eniieueciaaiea yoiai iieacaoaey a ea/anoaa ioeueoeieeeaoi?a aeioiaea
aeey oe?i, aeoeee eioi?uo eioe?othony ia ae?aeao, iicaieyao iieo/eoue
ioeaieo ?uii/iie noieiinoe aeoeeiia?iiai eaieoaea. ?an/aou yoiai
eiyooeoeeaioa iiaeii i?iaiaeeoue ia iniiaa on?aaeiaiey aai cia/aiey ii
iaeioi?ie a?oiia iauaeoia. I?e oi?ie?iaaiee a?oiiu i?aaei?eyoee, aeeceeo
ii ?yaeo i?eciaeia, eniieuecoaony n?aaieoaeueiue iiaeoiae. Auai?
i?eciaeia i?aaenoaaeyao niaie iai?inooth niaea?aeaoaeueioth caaea/o, io
?aoaiey eioi?ie caaeneo a eiia/iii n/aoa ioeaiea noieiinoe. A ?aaioa
auee eniieueciaaiu ianeieueei e?eoa?eaa oi?ie?iaaiey a?oii noiaeiuo
iauaeoia, ii eioi?ui i?iaaaeaiu ?an/aou eiyooeoeeaioa ?/A e
niioaaonoaaiii noieiinoe oe?iu (oaae. 2).

?an/aou i?iaiaeeeenue ii neaaeothuei oi?ioeai ii?aaeaeaiey oaeouae
(?uii/iie) noieiinoe iauaeoa (S0):

ii iaoiaeo ioeueoeieeeaoi?a aeioiaea: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;

ii iaoiaeo eaieoaeecaoeee aeioiaea: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;

ii iaoiaeo aeeneiioe?iaaiiiai aeioiaea:
picscalex1000100090000035a0200000300170000000000050000000902000000000400
000002010100050000000102ffffff00040000002e011800050000003102010000000500
00000b0200000000050000000c026004601a1200000026060f001a00ffffffff00001000
0000c0ffffffa2ffffff201a0000020400000b00000026060f000c004d61746854797065
0000f00009000000fa02000010000000000000002200040000002d010000050000001402
200258030500000013022002f005050000001402200276070500000013022002cc0b0500
000014022002ce0f05000000130220022f140500000014022002b5150500000013022002
161a17000000fb0220ff0000000000009001010000cc0402001054696d6573204e657720
526f6d616e2043797200cca3040000002d01010008000000320a04036a19010000006e00
08000000320aea010c18010000006e0008000000320a04038313010000006e0008000000
320aea014012010000006e0017000000fb0280fe0000000000009001010000cc04020010
54696d6573204e657720526f6d616e2043797200cca3040000002d01020004000000f001
010008000000320ab0032d1801000000720008000000320a8a0120170100000053000800
0000320ab003461201000000720008000000320a8a012a1101000000440008000000320a
b003ee0901000000720008000000320a8a01d30801000000440008000000320ab0034005
01000000720008000000320a8a01ee0301000000440008000000320a80022e0001000000
530017000000fb0280fe0000000000009001000000cc0402001054696d6573204e657720
526f6d616e2043797200cca3040000002d01010004000000f001020008000000320ab003
e11801000000290008000000320ab003291601000000310008000000320ab003c3150100
0000280008000000320ab003fa1201000000290008000000320ab0034210010000003100
08000000320ab003dc0f01000000280009000000320a8002340d030000002e2e2e000800
0000320ab003a20a01000000290008000000320ab003ea0701000000310008000000320a
b003840701000000280008000000320ab0033c0301000000310017000000fb0220ff0000
000000009001000000cc0402001054696d6573204e657720526f6d616e2043797200cca3
040000002d01020004000000f001010008000000320a0403200b01000000320008000000
320aea01de0901000000320008000000320aea01e40401000000310008000000320ae002
130101000000300010000000fb0280fe0000000000009001000000020002001053796d62
6f6c0002040000002d01010004000000f001020008000000320ab0030d17010000002b00
08000000320a80028914010000002b0008000000320ab0032611010000002b0008000000
320a8002a20e010000002b0008000000320a8002260c010000002b0008000000320ab003
ce08010000002b0008000000320a80024a06010000002b0008000000320ab00320040100
00002b0008000000320a80021202010000003d000a00000026060f000a00ffffffff0100
0000000010000000fb021000070000000000bc02000000cc0102022253797374656d00cc
040000002d01020004000000f0010100030000000000;

aaea I, D – iieacaoaee aeioiaea eiiiaiee;

k – eiyooeoeeaio eaieoaeecaoeee;

Di – /enoue aeioiae a i – ii aiaeo (i?iaiiciia cia/aiea);

r – noaaea aeeneiioa;

Sn – /enoue aeioiae io i?iaeaaee iauaeoa a n –ii aiaeo (i?iaiiciia
cia/aiea).

I?eiaiaiea iaoiaea eaieoaeecaoeee aeey ioeaiee noieiinoe
i?aaeoniao?eaaao auai? iieacaoaey aeioiaea, eioi?ue aoaeao i?eiaiai aeey
eaieoaeecaoeee. Eniieueciaaiea /enoiai aeioiaea aeaao caieaeaiioth
ioeaieo aeey iieiaeuo, ii aeoeaii ?acaeaathueony oe?i ii n?aaiaieth n
eniieueciaaieai iieacaoaey /enoiai aeaiaaeiiai iioiea. Ianiio?y ia yoi,
oeaeaniia?acii eniieueciaaoue iaa iieacaoaey aeey ?an/aoa noieiinoe, i?e
yoii iaoiae eaieoaeecaoeee /enoiai aeioiaea iiaeao aeaoue ieaeithth
a?aieoeo noieiinoe, eioi?oth oaeaea aaaeii ciaoue (oaae. 2, aa?eaiou
3,4).

Oaaeeoea 2

?acoeueoaou ioeaiee noieiinoe oe?iu «NHRT» ?acee/iuie iaoiaeaie

Aa?eaiou

Oa?aeoa?enoeea iaoiaeaNoieiinoue a iaoeeiiaeueiie aaethoa

(iei. HUF)Noieiinoue a iaiaoeeeo ia?eao (iei. DM)1.1Eniieueciaaiea
ioeueoeieeeaoi?a aeioiaea, n?aaeiaai aeey Aoaeaiaooneie oiiaeiaie ae?aee

4 181,0

64,321.2Eniieueciaaiea ioeueoeieeeaoi?a aeioiaea, n?aaeiaai ca ?yae eao
aeey aeaiiie oe?iu

2 660,6

40,932Eniieueciaaiea ioeueoeieeeaoi?a aeioiaea, n?aaeiaai aeey a?oiiu
oe?i niioaaonoaothuaai i?ioeey

2 613,0

40,203I?eiaiaiea eiyooeoeeaioa eaieoaeecaoeee /enoiai aeioiaea

1 393,9

21,434I?eiaiaiea eiyooeoeeaioa eaieoaeecaoeee /enoiai aeaiaaeiiai iioiea

2 659,8

40,925Eniieueciaaiea noiia?iiai aeeneiioe?iaaiiiai aeioiaea

3 906,6

60,10

6. ?acoeueoaou ?an/aoia ii 5 aa?eaioai n eniieueciaaieai ?aciuo iaoiaeia
iieacaee aeecinoue ?acoeueoaoia 3-o aa?eaioia (1.2, 2, 4).
Eniieueciaaiea ioeue-oeieeeaoi?a, n?aaeiaai aeey oe?i, aeoeee eioi?uo
eioe?iaaeenue ia Aoaeaiaooneie oiiaeiaie ae?aea (aa?eaio 1.1), aeaao
cia/eoaeueiia caauoaiea noieiinoe ii n?aaiaieth n auoaoeacaiiuie
aa?eaioaie (aieaa /ai a 1,5 ?aca). Yoi neaaenoaea ?acieoeu a cia/aieyo
ioeueoeieeeaoi?a, eniieuecoaiuo a aeaiiuo aa?eaioao: n?aaeiaa cia/aiea
?/A aeey Aoaeaiaooneie ae?aee – 22, aeey oe?iu «NHRT» – 14,0, aeey
aeeno?eauethoi?neeo eiiiaiee (aa?eaio 2) – 13,8.

7. Ieii/aoaeueiia ii?aaeaeaiea noieiinoe oe?iu iiaeao auoue i?iaaaeaii n
iiiiuueth oaeeo noaoenoe/aneeo i?eaiia, eae au/eneaiea
n?aaeiaa?eoiaoe/aneiai cia/aiey, auaeaeaiea «iiaeaeueiiai» eioa?aaea
ioeaiie, oaeaeaiea ieieiaeueiiai e iaeneiaeueiiai cia/aiey ia?aae
on?aaeiaieai e ae?. Neaaeoao ioiaoeoue, /oi ieii/aoaeueiue ?acoeueoao
caaeneo iaiin?aaenoaaiii io niaoeeaeenoa, eniieuecothuaai ia oieueei
oi?iaeueiua e?eoa?ee e i?ioeaaeo?u, ii e naie i?ioanneiiaeueiue iiuo,
eaaeeoeeaoeeth e eiooeoeeth, eioi?ua ea?atho cia/eoaeueioth ?ieue i?e
auai?a iaoiaeia ioeaiee noieiinoe e eo ?aaeecaoeee a eiie?aoiuo
oneiaeyo.

A o?aoueai ?acaeaea – «I?aaiecaoeeiiiia iaania/aiea eiaanoeoeeiiiie
aeayoaeueiinoe» – eceiaeaiu oai?aoe/aneea e iaoiaee/aneea iieiaeaiey ii
oi?ie?iaaieth i?aaiecaoeeiiiie no?oeoo?u oieaeeiaiaie eiiiaiee,
acaeiinaycae oeaio?a (iaoa?eineie oe?iu) e aei/a?ieo eiiiaiee,
noi?ioee?iaaiu i?aeoe/aneea ?aeiiaiaeaoeee. ?ac?aaioaiu i?aaeeiaeaiey ii
noeioee?iaaieth aeayoaeueiinoe iaiaaeaea?ia, oneeaieth eo iioeaaoeee
iooai i?eaea/aiey e eiaanoe?iaaieth aei/a?ieo eiiiaiee.

1. Nia?aiaiiay oieaeeiaiaay a?oiia (nenoaia) i?aaenoaaeyao niaie
iiiaio?ia-iaaoth no?oeoo?o, a eioi?ie i?aaei?eyoey iiaoo aunooiaoue
iaeiia?aiaiii oieaeeiaaie e aei/a?ieie oe?iaie ii ioiioaieth e ?acee/iui
/eaiai a?oiiu. Aei/a?iea i?aaei?eyoey a oieaeeiaiaie nenoaia iiaoo
ia?aciauaaoue ii ioiioaieth e iaoa?eineie eiiiaiee (oeaio?aeueiiio
oieaeeiao) ianeieueei o?iaiae, niaaeeiaiiuo aa?oeeaeueiuie e
ai?eciioaeueiuie naycyie.

I?eioeeieaeueiui aii?inii oi?aaeaiey oaeie neiaeiie no?oeoo?ie yaeyaony
?ani?aaeaeaiea iieiiii/ee iaaeaeo oeaio?aeueiui aiia?aoii oi?aaeaiey
(iaoa?eineie eiiiaieae) e aei/a?ieie i?aaei?eyoeyie. Yoi ?ani?aaeaeaiea
aeieaeii iaania/eaaoue ?aaiiaanea iaaeaeo eioa?anaie (no?aoaaeae)
oieaeeiaa e eioa?anaie aei/a?ieo oe?i. Eioa?anu /eaiia oieaeeiaiaie
a?oiiu eciaiythony ai a?aiaie iiae aeeyieai aioo?aiieo e aiaoieo
oaeoi?ia, eciaiyaony e niioiioaiea iaaeaeo ieie, iiyoiio aeey
iaania/aiey ?aaiiaaney iaiaoiaeeiu iiaua i?aaiecaoeeiiiua oi?iu.

Oa?aeoa? e oi?iu acaeiiaeaenoaey oeaio?aeueiiai oieaeeiaa n aei/a?ieie
i?aaei?eyoeyie caaenyo io noaaeee aeeciaiiiai oeeeea oieaeeiaiaie
a?oiiu. Ia ?aiieo noaaeeyo ?acaeoey («?iaeaeaiea», «aeaonoai») yoi
acaeiiaeaenoaea oa?aeoa?ecoaony oeaio?aeecaoeeae oi?aaeaiey, neeueiuie
aa?oeeaeueiuie naycyie, neaaie aaoiiiieae no?oeoo?iuo caaiueaa. Ia yoii
yoaia aei/a?iea i?aaei?eyoey iiaoo aua ia eiaoue iieiie th?eaee/aneie
naiinoiyoaeueiinoe, a iaoiaeeoueny ia iieiaeaiee iiae?acaeaeaiee,
iaeaaeathueo ii?aaeaeaiiie oicyenoaaiiie iainiaeaiiinoueth. Oi?aaeaiea
oaeie eiiiaieae iiaeao aace?iaaoueny ia eeiaeii-ooieoeeiiaeueiie noaia,
aeeth/athuae eae ioaeaeueiua iiae?acaeaeaiey, oae e iiaeeiio?ieueiua
i?aaei?eyoey.

Ia aeaeueiaeoeo yoaiao ?acaeoey i?ienoiaeeo auaeaeaiea yoeo no?oeoo?iuo
caaiueaa a naiinoiyoaeueiua i?aaiecaoeee, noaiaiue iiaeeiio?ieueiinoe eo
iaoa?eineie oe?ia ii?aaeaeyaony aa aeieae a eo eaieoaea. I?ienoiaeeo
oi?ie?iaaiea nianoaaiii oieaeeiaiaie a?oiiu, i?e yoii noaia oi?aaeaiey
iaiyaony n eeiaeii-ooieoeeiiaeueiie ia iao?e/ii-aeaia?oaiaioioth n
ia?aiinii ooieoeee ii iia?aoeaiiio oi?aaeaieth e i?eiyoeth ?aoaiee ia
aei/a?iea eiiiaiee. Ooieoeee iaoa?eineie eiiiaiee, eioi?ay yaeyaony
oeaio?aeueiui oieaeeiaii, a iiaie no?oeoo?a iinyo no?aoaae/aneee e
oeiainiaue oa?aeoa?: ii?aaeaeaiea oeaeae e no?aoaaee, oi?aaeaiea
nianoaaiiinoueth, ii?aaeaeaiea i?eioeeiia e iaoiaeia oi?aaeaiey,
oi?aiaey oeaiiuie aoiaaaie.

A ?aaioa i?iaaaeai aiaeec eciaiaiee acaeiinaycae iaaeaeo /eaiaie
oieaeeiaiaie a?oiiu ia i?eia?a oe?iu «Iiaio?aeae», i?aaiecaoeeiiiua
no?oeoo?u eioi?ie auee ?ac?aaioaiu e aiaae?aiu aaoi?ii a 1987–1998 aa. A
1990-1992 aa. oe?ia auea i?aia?aciaaia a oieaeeiaiaoth a?oiio, a eioi?ie
iia auiieiyao ?ieue oeaio?aeueiiai oieaeeiaa, inouanoaeythuaai eiio?ieue
iaae 28 aei/a?ieie oe?iaie. Ooieoeee oeaio?aeueiiai oieaeeiaa
i?aaenoaaeaiu ia ?en. 3.

A oeaeii i?aaiecaoeeiiiay no?oeoo?a oieaeeiaiaie eiiiaiee «Iiaio?aeae»,
aeeth/ay aei/a?iea i?aaei?eyoey, i?aaenoaaeaia ia ?en. 4.

2. Iaeiie ec aaaeiaeoeo caaea/ a oi?aaeaiee oieaeeiaiaie eiiiaieae
yaeyaony noeioee?iaaiea aeayoaeueiinoe iaiaaeaea?ia e eo o/anoey a
eiaanoeoeeiiiuo i?ioeannao a oieaeeiaa. I?e iienea yooaeoeaiuo ia? ii
noeioee?iaaieth iaiaoiaeeii enoiaeeoue ec iioeaaoeee ?aaioieeia eae
iniiau inouanoaeaiey eie ii?aaeaeaiiuo aeaenoaee. A yoii niunea
oeaeaniia?acii iie?aoueny ia oaeea oai?ee oi?aaeaiey, eioi?ua oanii
naycaiu n iioeae?iaaieai, auaeaeyy aio aaaeiaeooth ?ieue. E oaeei
oai?eyi ioiineony oai?ey ia?oeneiaoeaiiai oi?aaeaiey. ssaeyynue iaeiei
ec iaueo iiaeoiaeia e oi?aaeaieth /aeiaaeii a i?aaiecaoeee, iia
i?aaeoniao?eaaao ?aoaiea i?iaeaiu iioeae?iaaiey, eniieuecothuaa
caeioa?aniaaiiinoue e nio/anoea.

Yoe eaeae auee iieiaeaiu a iniiao iiaeoiaea e noeioee?iaaieth
aeayoaeueiinoe iaiaaeaea?ia a oieaeeiaiaie a?oiia. Nooue aai
caeeth/aaony a iaania/aiee caeioa?aniaaiiinoe ?aaioieeia a iauae oeaee
eiiiaiee e i?eaea/aiee eo e o/anoeth a i?ioeanna i?eiyoey ?aoaiee /a?ac
eo o/anoea a eaieoaea oe?iu e eiaanoe?iaaiee aei/a?ieo eiiiaiee.
?aaeecaoeey yoiai iiaeoiaea auea inouanoaeaia a oieaeeiaiaie a?oiia
«Iiaio?aeae» a 1990-1997 aa. iooai ?ac?aaioee e aiaae?aiey niaoeeaeueiie
i?ia?aiiu.

O/anoea ?aaioieeia a eiaanoe?iaaiee aei/a?ieo oe?i iaania/eaaeinue iooai
iieoiee o ieo aeoeee ii caauoaiiui oeaiai naiei oieaeeiaii, ii i?e
oneiaee, /oi yoe n?aaenoaa ?aaioieee aeeaaeuaatho a iiaia aei/a?iaa
i?aaei?eyoea. Oieaeeia «Iiaio?aeae» oaeaea o/anoaoao a aai nicaeaiee n
ii?aaeaeaiiie aeieae. ?aaiiaanea eioa?ania ?aaioieeia e oieaeeiaa
iaania/eaaeinue niioiioaieai eo aeieae. I?aeoeea iieacaea, /oi oi?ioei
noeioeii aeey ?aaioieea yaeyaony aeiey, ?aaiay i?eaeeceoaeueii 30%
eaieoaea oe?iu. I?e ?aaeecaoeee yoiai iiaeoiaea iniaia aieiaiea neaaeoao
oaeaeeoue aeaoi iiiaioai:

a) iaiaoiaeeii iaania/eoue iiauoaiea oeaiu i?e iieoiea aeoeee o
?aaioieeia, aeinoaoi/iia aeey oiai, /oiau caeioa?aniaaoue eo a yoii
aa?eaioa;

a) ioaeii iaeoe oaeia niioiioaiea aeieae ?aaioieeia e oe?iu, eioi?ia
aucuaaei au o ieo «/oanoai oicyeia» e iioeae?iaaei au aeayoaeueiinoue ii
?acaeoeth iiaiai i?aaei?eyoey.

AUAIAeU

1. Oaeoaeaiea ?uii/iuo ioiioaiee iaiin?aaenoaaiii naycaii n
aicieeiiaa-ieai e ?ani?ino?aiaieai iiauo oi?i i?aaei?eieiaoaeuenoaa,
aaeaeaaoiuo aieaa aunieei o?iaiyi ?acaeoey ?uii/iie yeiiiieee. E oaeei
oi?iai ioiinyony oieaeeiaiaua eiiiaiee e oieaeeiaiaua a?oiiu. Iaoaieci
oi?ie?iaaiey oieaeeiaiauo a?oii a iinonioeeaeenoe/aneeo no?aiao eiaao
naie iniaaiiinoe e ioee/aaony io i?aeoeee no?ai n ?acaeoie ?uii/iie
yeiiiieeie. A Oe?aeia yoio i?ioeann ia/aeny i?e ?ai?aaiecaoeee auaoeo
aaaeiinoa, iauaaeeiaiee e aeaaeia. Nenoaia oi?aaeaiey oieaeeiaaie
aace?oaony ia i?eioeeiao oeaio?aeeciaaiiiai ea?a?oe/aneiai oi?aaeaiey,
oa?aeoa?ecoaony neeueiuie aa?oeeaeueiuie naycyie e neaaie aeoeaiinoueth
ieciauo caaiueaa (iiaeeiio?ieueiuo i?aaei?eyoee). Aeey Aaia?ee oaeay
i?aeoeea oiaea eiaea ianoi, ii ia?yaeo n yoei aeey iaa oa?aeoa?iu
oi?ie?iaaiea oieaeeiaiauo a?oii ia iniiaa neoiee eiio?ieueiuo iaeaoia
aeoeee, a oaeaea i?aia?aciaaiea oe?i a oieaeeiaiaua eiiiaiee iooai
auaeaeaiey ioaeaeueiuo iiae?acaeaeaiee e iai?aaeaiee aeayoaeueiinoe a
naiinoiyoaeueiua aei/a?iea eiiiaiee.

2. Eiaanoeoeeiiiay aeayoaeueiinoue yaeyaony oeaio?aeueiie aeey
oieaeeiaiauo eii-iaiee. Iiene iiauo iai?aaeaiee aeiaeaiee, ioeaiea
yooaeoeaiinoe ?acee/iuo aa?eaioia e auai? iioeiaeueiuo i?aaeiieaaatho
aeinoaoi/ii aunieee o?iaaiue ?acaeoey eiaanoeoeeiiiiai ieaie?iaaiey a
eiiiaieyo. Iaiaoiaeeii auaeaeyoue 4 yoaia yoiai i?ioeanna, eaaeaeue ec
eioi?uo oa?aeoa?ecoaony naieie caaea/aie, iaoiaeaie eo ?aoaiey e
eino?oiaioaie oi?aaeaiey.

3. Oieaeeiaiaoth eiiiaieth iiaeii ?anniao?eaaoue eae naiaia?aciia
i?aaei?eyoea ii «i?iecaiaenoao» aei/a?ieo oe?i e eo aeaeueiaeoae
i?iaeaaea. Anee ia?oia?ii oieaeeiaa i?e yoii yaeyaony eiino?aiiay
oe?ia-eiaanoi?, oi oaeoth aeayoaeueiinoue ioa/anoaaiiuo oieaeeiaia
iiaeii ?anniao?eaaoue eae ii?aaeaeaiiue niinia i?eaea/aiey eiino?aiiiai
eaieoaea a yeiiiieeo no?aiu. Oaeie iiaeoiae e acaeiiaeaenoaeth oieaeeiaa
n eiino?aiiui eiaanoi?ii, iniiaaiiue ia aeieaaii o/anoee a nicaeaiee
aei/a?ieo oe?i n eo aeaeueiaeoei aueoiii yoei eiaanoi?ii, iicaieyao
niaeaniaaoue eioa?anu anao noi?ii, aeeth/ay ainoaea?noai. Yooaeoeaiinoue
aeaiiiai iiaeoiaea caaeneo io ?ac?aaioee ?yaea iaoiaee/aneeo aii?inia e
?aeiiaiaeaoeee ii aai ?aaeecaoeee, eioi?ua i?aaeeiaeaiu a aeenna?oaoeee.

4. Iaeiei ec aeaaiuo aii?inia i?e ?ac?aaioea e ?aaeecaoeee i?iaeoa
eiaanoe?i-aaiey aei/a?iae oe?iu yaeyaony ii?aaeaeaiea aa i?iaeaaeiie
oeaiu. ?aoaiea yoiai aii?ina neaaeoao i?iaiaeeoue ia iniiaa ?an/aoia ii
ianeieueeei iaoiaeai, o/eouaay niaeaniaaiiinoue ioeaiie, iieo/aiiuo
?aciuie niiniaaie. I?aaeeiaeaiu ?aeiiaiaeaoeee ii eniieueciaaieth
?acee/iuo iaoiaeia e auai?o (?an/aoo) ieii/aoaeueiie ioeaiee.

5. Yooaeoeaiinoue eiaanoeoeeiiiie aeayoaeueiinoe oieaeeiaiauo
eiiiaiee caaeneo io oa?aeoa?a acaeiinaycae iaaeaeo /eaiaie oieaeeiaiaie
a?oiiu, io ?ani?aaeaeaiey ooieoeee iaaeaeo oeaio?ii (iaoa?eineie
eiiiaieae) e aei/a?ieie oe?iaie. Oi?iu acaeiiaeaenoaey ia iiaoo auoue
canouaoeie, iie iaiythony iiae aeeyieai aioo?aiieo e aiaoieo oaeoi?ia e
a oeaeii caaenyo io noaaeee aeeciaiiiai oeeeea oieaeeiaiauo a?oii. Aeey
iaania/aiey yooaeoeaiie aeayoaeueiinoe e ?acaeoey iaiaoiaeeii
naiaa?aiaiii ?aoi?ie?iaaoue no?oeoo?o oi?aaeaiey oieaeeiaiaie eiiiaieae
n oneeaieai aeaoeaio?aeecaoeee e ia?aiinii iia?aoeaiiai oi?aaeaiey a
aei/a?iea eiiiaiee.

6. Aaaeiaeooth ?ieue a ?ac?aaioea e ?aaeecaoeee eiaanoeoeeiiiuo
i?iaeoia ea?atho iaiin?aaenoaaiiua o/anoieee yoiai i?ioeanna – ?aaioieee
oieaeeiaiauo eiiiaiee. Eniieueciaaiea eo i?ioanneiiaeueiiai e
oai?/aneiai iioaioeeaea aiciiaeii i?e oneiaee ?ac?aaioee e aiaae?aiey
aeaenoaaiiuo ia? ii nicaeaieth e oneeaieth eo iioeaaoeee,
caeioa?aniaaiiinoe a iaueo oeaeyo eiiiaiee. A ?aaioa i?aaeeiaeaii
eniieueciaaoue aeey yoiai nenoaio iioeaaoeee, iniiaaiioth ia i?eioeeiao
ia?oeneiaoeaiiai oi?aaeaiey /a?ac aeieaaia o/anoea ?aaioieeia a
eiaanoe?iaaiee aei/a?ieo oe?i.

NIENIE IIOAEEEIAAIIUO ?AAIO II OAIA AeENNA?OAOeEE

1. Ee?aeia? E. A., ?aiuee Aaai?. Iioeaaoeey aeayoaeueiinoe
iaiaaeaea?ia a ?ac?aaioea e ?aaeecaoeee eiaanoeoeeiiiie iieeoeee //
A?niee OAeAO. — 1997. — ?3. — N. 100-103.

2. ?aiuee Aaai?. Oi?aaeaiea eiaanoeoeeiiiie aeayoaeueiinoueth oe?iu //
A?niee OAeAO. — 1997. — ?4. — N. 54-59.

3. O. Ia?eoeiaa , A. ?aiuee, N. Iao?aiei. Oieaeeia – «eieoaaoi?» iiauo
oe?i // Aecian-eioi?i. –1998. — ?4. – N. 39 — 41.

?aiue? Aaai?. Oi?aae?iiy ?iaanoeoe?eiith ae?yeuei?noth
oieaeeiaiai? eiiiai??. – ?oeiien.

Aeena?oaoe?y ia caeiaoooy iaoeiaiai nooiaiy eaiaeeaeaoa aeiiii?/ieo
iaoe ca niaoe?aeuei?noth 08.06.02 – «I?aei?e?iieoeoai, iaiaaeaeiaio ?
ia?eaoeia». – Oa?e?anueeee aea?aeaaiee aeiiii?/iee oi?aa?neoao, Oa?e?a,
1999.

Aeena?oaoe?y i?noeoue oai?aoe/i? iieiaeaiiy oa i?aeoe/i? ?aeiiaiaeaoe??
c oi?aa-e?iiy ?iaanoeoe?eiith ae?yeuei?noth oieaeeiaiaeo eiiiai?e.
Aeae?eaii iniiai? aoaie aioo??oiueio??iiaiai ?iaanoeoe?eiiai ieaioaaiiy,
?ice?eoi ?oi?e ci?no oa caaea/?. Noi?ioeueiaaii aoaie ?ic?iaee oa
?aae?caoe?? i?iaeoo ?iaanooaaiiy aei/??iuei? o??ie. Ia iniia? e?eoe/iiai
aiae?co iaoiae?a ioe?iee aa?oino? eai?oaeo ?ic?iaeaii ?aei-iaiaeaoe??
uiaei aecia/aiiy oe?ie aeeoio aei/??iuei? o??ie. Aeine?aeaeaii ca»ycie
i?aa-i?caoe?eii? no?oeoo?e oieaeeiao oa noaae?e eiai ?icaeoeo.
Iaa?oioiaaii i?iiiceoe?? c aeei?enoaiiy i?eioeei?a ia?oeneiaoeaiiai
oi?aae?iiy i?e noai?aii? nenoaie ii-oeaaoe?? ?ia?oiee?a oieaeeiaiaeo
eiiiai?e. ?ic?iaeaii i?ia?aio iioeaaoe?? iaiaae-aea??a, iniiaaio ia ?o
iaeia?e o/ano? a ?iaanooaaii? aei/??i?o o??i.

Eeth/ia? neiaa: oieaeeia, aei/??iy eiiiaiey, ?iaanoeoe?eia ieaioaaiiy,
oe?ia aeeoio, i?aai?caoe?eia no?oeoo?a, aeeoo?aee oeeee eiiiai??,
iioeaaoe?y.

?aiuee Aaai?. Oi?aaeaiea eiaanoeoeeiiiie aeayoaeueiinoueth oieaeeiaiaie
eiiiaiee. – ?oeiienue.

Aeenna?oaoeey ia nieneaiea o/aiie noaiaie eaiaeeaeaoa yeiiiie/aneeo iaoe
ii niaoeeaeueiinoe 08.06.02 –»I?aaei?eieiaoaeuenoai, iaiaaeaeiaio e
ia?eaoeia». – Oa?ueeianeee ainoaea?noaaiiue yeiiiie/aneee oieaa?neoao,
Oa?ueeia, 1999.

Aicieeiiaaiea e ?acaeoea oieaeeiaiauo eiiiaiee a yeiiiieea
iinonioeeaeenoe/aneeo no?ai, a oii /enea a Oe?aeia, yaeyaony
caeiiiia?iui neaaenoaeai i?iaiaeeiuo a yoeo no?aiao ?aoi?i e
naeaeaoaeuenoaoao ia oaeoaeaiee ?uii/iuo ioiioaiee. A aeenna?oaoeee
i?iaiaeece?iaaiu oa?aeoa?iua /a?ou oieaeeiaiauo eiiiaiee, iniaaiiinoe eo
oi?ie?iaaiey a Oe?aeia e Aaia?ee.

Eiaanoeoeeiiiay aeayoaeueiinoue yaeyaony oeaio?aeueiie aeey oieaeeiaiauo
eiiiaiee. Oa?aeoa? e a?aieoeu ainoaea?noaaiiiai ?aaoee?iaaiey yoie
aeayoaeueiinoe i?aaeii?aaeaeytho aa yooaeoeaiinoue e ianooaau.
I?iaaaeaiiue aiaeec ainoaea?noaaiiiai ?aaoee?iaaiey eiaanoeoeeiiiie
aeayoaeueiinoe a Oe?aeia e ?innee iieacae iaiineaaeiaaoaeueiinoue e
neaaoth yooaeoeaiinoue i?aaei?eieiaaiuo ia?, eioi?ua ia i?eaaee e
cia/eoaeueiiio i?eoieo eiino?aiiuo eiaanoeoeee. Ioia/aiu iniaaiiinoe
ainoaea?noaaiiiai ?aaoee?iaaiey yoeo i?ioeannia a Aaia?ee, eioi?ie
oaeaeinue aeiaeoueny nouanoaaiiuo ?acoeueoaoia.

Aaaeiaeoae iiaenenoaiie oi?aaeaiey eiaanoeoeeiiiie aeayoaeueiinoueth
oieaeeiaiaie eiiiaieae yaeyaony eiaanoeoeeiiiia ieaie?iaaiea. A
aeenna?oaoeee ?anniio?aiu aai yoaiu, ?ane?uoi eo niaea?aeaiea e
auaeaeaiu eino?oiaiou oi?aaeaiey ia eaaeaeii yoaia. Iaeiie ec aeaaiuo
caaea/ oi?aaeaiey oieaeeiaiauie eiiiaieyie yaeyaony i?eaea/aiea
eiaanoeoeee, a aeey iinonioeeaeenoe/aneeo no?ai – eiino?aiiuo
eiaanoeoeee. Aeey ?aoaiey yoie caaea/e i?aaeeaaaaony eniieueciaaoue
iiaeoiae, iniiaaiiue ia aiciiaeiinoyo oieaeeiaa eae eieoaaoi?a iiauo
oe?i. Yoio iiaeoiae ?aaeeciaai a niioaaonoaothuai i?iaeoa eiaanoe?iaaiey
aei/a?iae oe?iu n o/anoeai aiaoiaai eiaanoi?a. Noi?ioee?iaaiu iniiaiua
yoaiu ?ac?aaioee e ?aaeecaoeee yoiai i?iaeoa, ?ane?uoi niaea?aeaiea
eaaeaeiai yoaia.

Aaaeiaeoae caaea/ae i?e ?aaeecaoeee aeaiiiai iiaeoiaea yaeyaony
ii?aaeaeaiea i?iaeaaeiie oeaiu aei/a?iae oe?iu. Ia iniiaa e?eoe/aneiai
aiaeeca iaoiaeia ii?aaeaeaiey ?uii/iie noieiinoe eaieoaea noi?ioee?iaaiu
?aeiiaiaeaoeee ii ?an/aoo oeaiu aueoia aei/a?iae oe?iu.

A aeenna?oaoeee ?anniio?aiu aii?inu, naycaiiua n i?aaiecaoeeiiiie
no?oeoo?ie oieaeeiaiauo eiiiaiee, aa eciaiaieai a niioaaonoaee ni
noaaeeyie ?acaeoey oieaeeiaia. Aiaeec iniaaiiinoae ?acee/iuo no?oeoo?
iieacae, /oi iaeaieaa aaeaeaaoiui nia?aiaiiui oieaeeiaai yaeyaony
iiaeoiae, iniiaaiiue ia ni/aoaiee i?aaie/aneiai oeia (ii
acaeiiaeaenoaeth n aiaoiae n?aaeie) e eiaeeaeaeoaeenoneiai (ii
acaeiiioiioaieyi n ee/iinoueth) oeia i?aaiecaoeee n yeaiaioaie iao?e/iie
no?oeoo?u (ii acaeiiioiioaieyi iaaeaeo iiae?acaeaeaieyie). I?iaaaeaii
?aca?aie/aiea ooieoeee aioo?e oieaeeiaiaie eiiiaiee iaaeaeo oeaio?ii e
aei/a?ieie oe?iaie.

Yooaeoeaiinoue eiaanoeoeeiiiie aeayoaeueiinoe oieaeeiaiauo a?oii ai
iiiaii ii?aaeaeyaony ea/anoaii ?aaiou aa nio?oaeieeia, eioi?ua
o/anoaotho a ?ac?aaioea e ?aaeecaoeee i?iaeoia. Aiaeec oai?ee oi?aaeaiey
e iioeaaoeee iieacae oeaeaniia?aciinoue i?eiaiaiey i?eioeeiia
ia?oeneiaoeaiiai oi?aaeaiey aeey noeioee?iaaiey aeayoaeueiinoe
iaiaaeaea?ia i?e ?ac?aaioea e ?aaeecaoeee eiaanoeoeeiiiuo i?iaeoia. A
aeenna?oaoeee i?aaeeiaeaiu ?aeiiaiaeaoeee ii nicaeaieth nenoaiu
iioeaaoeee ?aaioieeia, iniiaaiiie ia eo o/anoee a eiaanoe?iaaiee
aei/a?ieo oe?i.

Eeth/aaua neiaa: oieaeeia, aei/a?iyy eiiiaiey, eiaanoeoeeiiiia
ieaie?iaaiea, oeaia aueoia, i?aaiecaoeeiiiay no?oeoo?a, aeeciaiiue
oeeee eiiiaiee, iioeaaoeey.

Renui Gabor. Management of the Investment Activity of a Holding
Company.- Manuscript.

Dissertation for the scientific degree of Candidate of Science
(Economics). Speciality 08.06.02 – «Business, Managment and Marketing».-
Kharkkov State University of Economics, Kharkov, 1999.

The Dissertation contains theoretical statements and practical
recommendations as to the managment of the investment activity of
holding companies. It distinguishes the main stages of the interfirm
investment planning, reveals their contents and aims. It defines the
stages of elaboration and realisation of the project of investment of a
subsidiary. On the basis of the critical analysis of the methods of
valuation of capital, the dissertation works out the recommendations as
determination of the prise option of a subsidiary. It investigated the
connection between the organization structure of the holding and the
stages of its development. The dissertation grounded the suggestions as
to the use of the principles of participation management at the creation
of the system of motivation of the personnel of a holding company. It
worked out the programme of motivation of managers,based on their
participation in the investment subsidiary.

Key words: holding, subsidiary, investment planning, the price option,
organization structure, the life-cycle of a company, motivation.

?AIUeE AAAI?

OI?AAEAIEA EIAANOEOeEIIIIE AeAssOAEUeIINOUeTH OIEAeEIAIAIE EIIIAIEE

Niaoeeaeueiinoue 08.06.02 – «I?aaei?eieiaoaeuenoai,

iaiaaeaeiaio e ia?eaoeia»

AAOI?AOA?AO

aeenna?oaoeee ia nieneaiea o/aiie noaiaie

eaiaeeaeaoa yeiiiie/aneeo iaoe

Ioaaonoaaiiue ca auione
Eeaiei E.I.

Iiaeienaii e ia/aoe 18.11.99 Oi?iao 60o84 1/16

Aoiaaa oeiia?aoneay ?1. Ia/aoue ionaoiay.

Iauai 1,0 one.-ia/. e. Oe?aae 100 yec. Cae. ? 52
Aanieaoii.

Iaia/aoaii a ecaeaoaeuenoaa OOO?Y

310726, a. Oa?ueeia, i?. Eaieia, 14

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