Ca?o

c ae?iaie/i? i?aeoeee

c i?noey i?aeoeee:

Aiae?c ae?yeueiino? CAI «I?eaao»

2008

Ci?no

Aaaaeaiiy

Aeaaa 1. Caaaeueia oa?aeoa?enoeea CAI EA «I?eaao»

1.1 Caaaeuei? a?aeiiino? i?i aaie

1.2 I?aai?caoe?eii-i?aaiaa oi?ia

1.3 I?aai?caoe?eia no?oeoo?a

1.4 Oni?o? i?aei?e?inoaa

1.5 Oe?e? oa i?n?y i?aei?e?inoaa

Aeaaa 2. Aiae?c aaie?anueei? ae?yeueiino?

2.1 Noai I?eaaoaaieo ia ?eieo

2.2 Eiieo?aioe

2.3 Aoaeeoi?nueee aeniiaee ca 2006?

2.4 ?aeeaia

Aeaaa 3. Oi?aae?iiy aeo?aoaie

3.1 Caaaeuei? iiiyooy aeo?ao

3.2 Aaeia? aeo?aoe

3.3 Aaciaae?eia caai?aiaai?noue

3.4 Oi?aae?iiy aeo?aoaie

3.4.1 Eiioeaiooaeuei? iniiae ea?oaaiiy aeo?aoaie i?aei?e?inoaa

3.4.2 Oi?aae?inueeee iae?e ye ?ino?oiaio ea?oaaiiy aeo?aoaie

Aeniiaie

Aaaaeaiiy

Aaie?anueea ae?yeuei?noue – oe?iea oa neeaaeia iiiyooy. Aaie?anueea
ae?yeuei?noue — caeo/aiiy o aianee eioo?a o?ce/ieo ? th?eaee/ieo in?a ?
?ici?uaiiy cacia/aieo cania?a a?ae naiai ?i’y, ia aeanieo oiiaao ? ia
aeaniee ?ecee, a?aee?eooy e aaaeaiiy aaie?anueeeo ?aooie?a o?ce/ieo ?
th?eaee/ieo in?a.

Aieiaia oe?eue aaie?anueei? ae?yeueiino? – io?eiaiiy i?eaooeo /a?ac
caaeiaieaiiy caieoo ia aaie?anuee? iineoae (e?aaeeoe, aeaiiceoe, iai?i
aaetho, io?eiaiiy ca?ieaoi? oa noeiaiae?? ia ieanoeeia? ea?oee) i?e
aenie?e eoeueoo?? ianeoaiaoaaiiy.

Ia eiaeiiio i?aei?e?inoa? ? oae? aeieoiaioe, ci?no eio?eo ?
eiia?oe?eiith oa?iieoeath. Iniaeea?noth ae aaie?anueei? ae?yeueiino? ?
oa, ui a?eueo?noue aeieoiaio?a ui aeei?enoiaothoueny i?noyoue
eiia?oe?eio oa?iieoeth.

Oe?eeth i?ioiaeaeaiiy ae?iaie/i? i?aeoeee aoei cae??ieaiiy o i?aeoe/i?e
ae?yeueiino? ciaiue, iaae/ie oa oi?iue, io?eiaieo o i?ioean? iaa/aiiy.

Caaea/? ae?iaie/i? i?aeoeee:

· Iciaeiieoeny c i?aei?e?inoaii;

· Iciaeiieoeny c iniiaiith ae?yeuei?noth i?aei?e?inoaa;

· Aea/eoe ye a?aeaoaa?oueny oi?aae?iiy aeo?aoaie ia i?aei?e?inoa?.

Ae?iaie/a i?aeoeea i?ioiaeeea ia CAI EA «I?eaao»

Aeaaa 1. Caaaeueia oa?aeoa?enoeea CAI EA « I?eaaoaaie»

1.1 Caaaeuei? a?aeiiino? i?i aaie

Aae?ana aieiaiiai io?no: 49000, Aei?i?iiao?ianea iaeanoue, i.
Aei?i?iiao?iane, aoe.Iaaa?aaeia Ia?aiiae, 50

Oae: +38 (056) 2390000

A-ii/oa: [email protected]

Aaa-naeo: www.privatbank.ua

Cae?eoa aeoe?iia?ia oiaa?enoai «Eiia?oe?eiee aaie «I?eaao»» — iaeei c
iaea?eueoeo aaie?a Oe?a?ie, ui aeeiai?/ii ?icaeaathoueny. A?i caeia?
e?aee?oth/e iiceoe?? aaie?anueeiai ?aeoeiao e?a?ie, aoiaeeoue a a?oio
iaea?eueoeo. A aaioe? i?aoeththoue a?eueo 32oen i?aoe?aiee?a, ?c ieo 3
650. – a aieiaiiio io?n?, o Aei?i?iiao?ianueeo. Na?aaei?e a?e
i?aoe?aiee?a aaieo noaiiaeoue 34 ?iee. A?eueo?noue i?aoe?aiee?a I?eaao
(75%) iathoue aeuo ina?oo, yea a?aeiia?aea? i?io?eth caeiaii? iinaaee. O
aaieo noai?ai? ni?eyoeea? oiiae aeey io?eiaiiy aeui? oa i?neyaeeieiiii?
ina?oe, iiiaae 50% ni?a?ia?oiee?a ui??/ii i?aeaeuothoue naith
eaae?o?eaoe?th.

Caniiaaiee 1992 ?ieo, eiia?oe?eiee aaie I?eaao ? aaieii, ui
?icaeaa?oueny iaea?eueo aeeiai?/ii a Oe?a?i?, ? caeia? e?aee?oth/?
iiceoe?? aaie?anueeiai ?aeoeiao e?a?ie. Noaiii ia 1 n?/iy 2007 ?ieo
?ici?? /enoeo aeoea?a I?eaao neeaaea? 33,777 ie?ae. a?i. Noaoooiee oiiae
aaieo neeaaea? 2,082 ie?ae. a?i., aeaniee eai?oae — 3,288 ie?ae. a?i.
E?aaeeoiee ii?ooaeue aaieo neeaaea? 28,768 ie?ae. a?i., a oiio /ene?
e?aaeeoe o?ce/iei iniaai — 11,564 ie?ae. a?i. O?iainiaee ?acoeueoao
I?eaaoaaieo ca i?aenoieaie 2006 ?ieo neeaa 506,208 iei. a?i.

I?eaao – no/aniee oi?aa?naeueiee aaie

I?eaao ia? aaia?aeueio e?oeaic?th Iaoe?iiaeueiiai aaieo Oe?a?ie ia
i?iaaaeaiiy aaie?anueeeo iia?aoe?e oa cae?enith? aanue niaeo?
aaie?anueeeo iineoa, ye? ? ia a?o/eciyiiio ?eieo, c ianeoaiaoaaiiy
ei?ii?aoeaieo oa i?eaaoieo ee??io?a a?aeiia?aeii aei i?aeia?iaeieo
noaiaea?o?a. Aeiaaino?ieiaee ?ioa?an ee??ioa – aieiaiee i??i?eoao o
?iaio? aaieo. C ee??ioaie i?aoeth? aenieieaae?o?eiaaia eiiaiaea
niaoe?ae?no?a oa ia?niiaeuei? iaiaaeaea?e, ye? ianooue
a?aeiia?aeaeuei?noue ca caaacia/aiiy ye?niiai ianeoaiaoaaiiy, iia?aoeaia
oa oi/ia caaeiaieaiiy iio?aa ee??ioa. Cai?iaaaeaeoth/e iia? aeaee
aaie?anueeeo iineoa oa iino?eii aaeineiiaethth/e eiiieaen aaie?anueeiai
ianeoaiaoaaiiy, ia nueiaiaei? aaie ianeoaiao? 306 oeny/ ei?ii?aoeaieo
ee??io?a oa i?eaaoieo i?aei?e?ioe?a ? iiiaae 10 i?eueeii?a ?aooie?a
o?ce/ieo in?a. Ianya caeo/aieo aaieii eioo?a th?eaee/ieo in?a ia 1
/a?aiy 2006 ?ieo noaiiaeoue 6 679 iei. a?i, o oiio /ene? aeaiiceoiee
ii?ooaeue th?eaee/ieo in?a – 8374 iei. a?i. Ianya eioo?a o?ce/ieo in?a,
caeo/aieo I?eaaoaaieii, noaiii ia 1 ea?oiy 2006 ?ieo noaiiaeoue 10,823
ie?ae. a?i. (iaeaeuee iieaciee na?aae on?o oe?a?inueeeo aaie?a), o oiio
/ene? aeaiiceoiee ii?ooaeue o?ce/ieo in?a – 8,374 ie?ae. a?i.

I?eaaoaaie – nioe?aeueii cia/ouee aaie

I?iaiaey/e iine?aeiaio iie?oeeo oe??ieaiiy noaa?eueiino? aaieo oa
aaeineiiaeaiiy yeino? ianeoaiaoaaiiy, I?eaaoaaie aaaaea? iaeiei c
i??i?eoaoieo iai?yi?a nai?? ?iaioe ?icaeoie eiiieaeno no/anieo iineoa
aeey ?iaeea?aeoaeueiiai ee??ioa. Ca?ac aaie i?iiiio? a?iiaaeyiai Oe?a?ie
iiiaae 150 aeae?a iaeno/ani?oeo iineoa, na?aae yeeo iioi/i?, aeeaaei?
iia?aoe??, ea?oeia? i?iaeoeoe, ??ciiiai?oi? i?ia?aie niiaeea/iai
e?aaeeooaaiiy, ye? cae?eniththoueny a ia?oia?noa? c i?ia?aeieie
a?o/eciyieie oi?aiaeie, ??aeoa?nueeeie eiiiai?yie oa aaoiae?iaieeaie.
I?eaaoaaie ? oiiaiiaaaeaiei O?yaeii Oe?a?ie aaieii c aeieaoe iain?e oa
nioe?aeueii? aeiiiiiae a?iiaaeyiai, a oaeiae c aeieaoe eiiiainaoe?e
aea?oaai iaoeenonueeeo ia?ane?aeoaaiue. Nueiaiaei? naith iain?th oa
nioe?aeuei? aeieaoe o I?eaaoaaieo io?eio? iiiaae 1 i?eueeii a?iiaaeyi.

Iaoe?iiaeueia ia?aaea aaie?anueeiai ianeoaiaoaaiiy

Iaoe?iiaeueia ia?aaea aaie?anueeiai ianeoaiaoaaiiy I?eaaoaaieo, yea
aeeth/a? a naaa 2 425o?e?e oa a?aeae?eaiue ii an?e Oe?a?i?, aeicaiey?
aoaeue-yeiio ee??ioo io?eiaoe iaeaeuee ??aaiue ianeoaiaoaaiiy i?aeoe/ii
o aoaeue-yeiio i?noe? e?a?ie. O aaiea ? a?eueo 4oen aaieiiao?a. Oe?iea
eiei caei?aeiiieo ia?oia??a I?eaaoaaieo ia eeoa aeaiiino?o? eiai
aeciaiiy ye iiaiii?aaiiai o/anieea na?oiai? aaie?anueei? nenoaie, aea e,
iaeaieiai?oa, aeicaiey? iaea?eueo oe?iei caaeiaieueiyoe iio?aae ee??io?a
aaieo, iia’ycai? c ?o i?aeia?iaeiith ae?yeuei?noth. I?eaaoaaie
i?aeo?eio? ei?aniiiaeaionuee? a?aeiineie c iaea?eueoeie ?iicaiieie
aaieaie, aoaeoeaii ni?ai?aoethth/e c ieie ia ??cieo naaiaioao
o?iainiaiai ?eieo. I?eaaoaaie ? oiiaiiaaaeaiei aaieii c ianeoaiaoaaiiy
e?aaeeoieo e?i?e Na?oiaiai aaieo ?aeiino?oeoe?? oa ?icaeoeo (NA??),
?a?iiaenueeiai aaieo ?aeiino?oeoe?? oa ?icaeoeo (?A??) ?
Oe?a?inueei-I?iaoeueeiai Oiiaeo, ni?yiiaaieo ia ?icaeoie iaeiai oa
na?aaeiueiai a?ciano.

1.2 I?aai?caoe?eii-i?aaiaa oi?ia

1. Ca oi?iith aeaniino?:

— cae?eoa aeoe?iia?ia oiaa?enoai

2.Ca oa?aeoa?ii ae?yeueiino?:

— eiia?oe?eia

3. Ca e?euee?noth i?aoethth/eo oa ia’?io aaeiaiai aeioiaeo:

— na?aaei?

1.3 I?aai?caoe?eia no?oeoo?a
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1.4 Oni?oe i?aei?e?inoaa

I?eaaoaaie – e?aea? o noa?? ai?iaaaeaeaiiy i?ia?aeieo aaie?anueeeo
iineoa. I?eaaoaaie e?aea?ii ia ?eieo iineoa o?ce/iei iniaai. A?eueo i?ae
40% ee??io?a aaie?a, ye? ioi?ieththoue e?aaeeo ia iieoieo iiaooiai?
oaoi?ee, ei?enoothoueny e?aaeeoieie i?ia?aiaie I?eaaoaaieo. Iineoaaie
I?eaaoaaieo ei?enoothoueny 26% ee??io?a, eio?? ?iaeyoue iai?i aaetho,
27,8% on?o ee??io?a aeaiiceoieo i?ia?ai. ?iiiaaoe?eia iie?oeea
I?eaaoaaieo i???ioiaaia ia ai?iaaaeaeaiiy ia oe?a?inueeiio ?eieo
i?eioeeiiai iiaeo, i?ia?aeieo aaie?anueeeo iineoa, ye? iaaeathoue
ee??ioai iia? iiaeeeaino? oi?aae?iiy nai?ie o?iainaie. I?eaaoaaie ia?oei
a Oe?a?i? cai?iiiioaaa nai?i ee??ioai iineoae ?ioa?iao-aaie?iao
«I?eaao24» oa GSM-aaie?iao, a oaeiae iineoae c i?iaeaaeo /a?ac ia?aaeo
nai?o aaieiiao?a oa POS-oa?i?iae?a aeaeo?iiieo aao/a??a i?ia?aeieo
iia?aoi??a iia?eueiiai ca’yceo oa IP-oaeaoii??.

O 2007-iio ?ioe? Global Finance oaeiae /aoaa?oee ??e iini?eue aecia?
I?eaaoaaie e?auei aaieii a Oe?a?i? ca ?aeoeiaii Wirld’s Best Foreign
Exchange Banks 2007. Iai?ee?ioe? 2005 ?ieo a ?aieao ?aeoeiao Best Bank
Award aeo?iaeo Global Finance I?eaaoaaie o?ao?e ??e iini?eue aeciaii
«E?auei aaieii a Oe?a?i?». Aaoi?eoaoiee i?aeia?iaeiee
o?iainiai-aiae?oe/iee aeo?iae «The Banker» ca ?acoeueoaoaie i?iaaaeaiiai
a 2000 ? 2002 ?ieao aeine?aeaeaiiy, i?eaeaniea I?eaaoaaieo caaiiy «The
Bank of Year». ?ioee aieeaiaee aeo?iae — «Euromoney» i?ioyaii i’yoe
?ie?a — 1999, 2000, 2001, 2002 oa 2005 ?ieao aecia? I?eaaoaaie e?auei
aaieii Oe?a?ie O oiae? aeine?aeaeaiiy ?eieo aaie?anueeeo iineoa,
i?iaaaeaiiai eiiiai??th GFK Ukraine, 23,3% iieoaieo aeeoae?a Oe?a?ie
iacaaee I?eaaoaaie iaea?eueo i?eaaaeeaei aeey naaa oe?a?inueeei aaieii.
I?eaaoaaie oaeiae ia? iaea?eueo aenieee ??aaiue i?ciaaaiino? na?aae
ianaeaiiy aac i?aeeacee: 64%. I?eaaoaaie oaeiae ? e?aea?ii na?aae
oe?a?inueeeo eiia?oe?eieo aaie?a ca e?euee?noth ee??io?a: eiai iineoaaie
ei?enoo?oueny iiiaae 23% ianaeaiiy Oe?a?ie.

1.5 Oe?e? oa i?n?y i?aei?e?inoaa

Aeey oiai uia aaie noaa a?eueo iiioey?iei, oa oe?eaaei aeey ee??io?a
o?aaa aooe iaae?eiei oa oi?aa?naeueiei aaieii, yeee aoaea ci???ioiaaiee
ia ?ioa?ane ??cieo ee??io?a, oa yeee aoaea iaaeaaaoe oe?ieee niaeo?
ye?nieo iineoa ii on?i naaiaioai o?iainiaiai ?eieo.

I?n?y — aecia/aiiy ia?ae?eo iioi/ieo ? ia?niaeoeaieo iai?yie?a
ae?yeueiino? i?aei?e?inoaa, aeae?eaiiy i??i?eoao?a o no?aoaa??, oiaoi
oeo iniiaieo i?eioeei?a ? ii?i aaaeaiiy ae?yeueiino?, ye? aoaeooue
aecia/aoe ia?ac i?aai?caoe?? a ia?niaeoea?. A?aei?iiith ?enith i?n?? ?
oa, ui aiia iiaeiia aooe aeeiiaia ii aeo?eaiith iaaiiai ia??iaeo /ano.

No?ie aeeiiaiiy i?n?? iiaeiai aooe aeinooiiei aeey iaeyaeo e aeineoue
iaaaeeeei. sse iieaco? i?aeoeea, iae/ano?oa oeae no?ie noaiiaeoue i’youe
?ie?a. ?iaeoueny oea aeey oiai, uia iieie?iiy i?aoe?aiee?a, ui ?
i?enooi?i i?e i?eeiyoo? iieiaeaiiy i?i i?n?th, iiaei iiaa/eoe
?acoeueoaoe nai?? i?aoe?.

I?n?y – i?ia?aiiee aeieoiaio, yeee a?aeia?aaea? iaeaaaeeea?o? iai?yie
eiai ae?yeueiino? ? i?eioeeie ?nioaaiiy.

I?n?y I?eaaoaaieo: «Caaacia/aiiy i?inoiai aeinooio aei e?aaeeoo eiaeiiio
a?iiaaeyieio e?a?ie»

Oey i?n?y aeicaieeoue caeo/eoe a?eueoo e?euee?noue ee??io?a, ui
a?aeiia?aeii ca?eueoeoue ??no i?eaooeo aaieo.

Oaeiae i?n?y I?eaaoaaieo iieyaa? a caaithaaii? e oo?eiaii? e?aee?oth/eo
iiceoe?e ia o?iainiaiio ?eieo Oe?a?ie, iaaeaii? iaea?eueo iiaiiai
eiiieaeno ye?nieo aaie?anueeeo iineoa ia oa?eoi??? Oe?a?ie.

Iniaeeaa cia/aiiy i?n?? aeey ae?yeueiino? i?aei?e?inoaa iieyaa? a o?i,
ui i?n?y ? aacenii, oi/eith iii?e aeey an?o ieaiiaeo ??oaiue
i?aei?e?inoaa, iiaeaeueoiai aecia/aiiy ?? oe?eae ? caaaeaiue. I?n?y
noai?th? aiaaiai?noue, ui i?aei?e?inoai ia?ane?aeo? ianoia?a/eea?, yni?,
ii??aiyii? oe?e?; aeiiiiaaa? cina?aaeeoe an? coneeey i?aoe?aiee?a ia
ia?aiiio iai?yieo, ii?aeio? ?oiuei? ae??; noai?th? ?icoi?iiy e
i?aeo?eieo na?aae ciai?oi?o o/aniee?a i?aei?e?inoaa (aeoe?iia??a,
aea?aeaae, o?iainiaeo o??i ? o.ae.) ? an?o, ooi caoe?eaaeaiee o ??
oni?oo.

O. Eioea? oaaaea?, ui i?n?y iiaeiia ae?iaeyoeny c iae?eii ianooiieo
i’yoe oaeoi??a:

1) ?noi??y o??ie, o i?ioean? yei? ae?iaeyeany o?einio?y o??ie,
oi?ioaaeeny ?? i?io?eue ? noeeue ae?yeueiino?, i?noea ia ?eieo e o.i.;

2) ?nioth/ee noeeue iiaiaeaeaiiy e niin?a ae?? aeaniee?a ?
oi?aae?inueeiai ia?niiaeo;

3) noai na?aaeiaeua ia?aaoaaiiy i?aei?e?inoaa;

4) ?ano?ne, ye? aiia iiaea ionoeoe a o?ae aeey aeinyaiaiiy nai?o oe?eae;

5) a?aei?ii? ?ene, yeeie aieiae?? i?aei?e?inoai.

Oe?eue ae?yeueiino? — oea aaaeaiee noai ia’?eoa ea?oaaiiy /a?ac iaaiee
/an.

A?ae ?? i?aaeeueiiai oi?ioethaaiiy caeaaeeoue ceaaiaeaeai?noue ?iaioe
ia?niiaeo. Aea ye ae aeia?a ia aoee noi?ioeueiaai? iaoe i?aei?e?inoaa,
?o iaiao?aeii aeiaanoe aei ia?niiaeo, /iai ia iaoeo i?aei?e?inoaao
iae/ano?oa ia a?aeaoaa?oueny /a?ac iaaeinoaoiuei ?icaeoo nenoaio
eiioi?eaoe?e.

Iniiaia iaoa aoaeue-yeiai i?aei?e?inoaa — oea iaea?aeaiiy i?eaooeo.
Iae/ano?oa oey iaoa ioioiaeith?oueny c i?n??th, aea a oeueiio e?e?oueny
aaee/aciee i?aenooi aeey naii? i?aai?caoe??, oiio ui a oeueiio aeiaaeeo
ea??aieeia? aeoaea neeaaeii aeae?eeoe ae?yeuei?noue nai?? o??ie na?aae
eiieo?aio?a ?, ye iane?aeie, ?ic?aoiaoaaoe ia aeiaaa ?nioaaiiy.

Oe?eue – aaaeaiee, iaiao?aeiee ? iiaeeeaee noai i?aai?caoe?? (a?aeae?eo,
i?ae?icae?eo) ? ?acoeueoao?a eiai ae?yeueiino?.

Iniiaieie aeiiaaie aei yeino? oe?eae:

1.Eiie?aoi?noue

2.Aeinyaei?noue

3.Cia/ei?noue

4.Iiaiioa

Aeey oiai uia aeeiiaoe i?n?? o?aaa iinoaaeoe oe?e?. ? ca aeiiiiiaith
aeinyaiaiiy oe?eae iiaeia aeinyaoe aeeiiaiiy i?n?? aaieo. Nii/aoeo o?aaa
aeae?eeoe aaia?aeueio oe?eue. Aaia?aeueia oe?eue ? aaeeeiianooaaiith ?
eiiieaeniith, yea ioiieth? an? aniaeoe ae?yeueiino? aaieo. Oiio uia ??
?aae?coaaoe, o?aaa ?icaeoe ?? ia oe?e? a?eueo iecueeiai ??aiy.

Aeaaa 2. Aiae?c aaie?anueei? ae?yeueiino?

2.1 Noai I?eaaoaaieo ia ?eieo

I?eaaoaaie ? aeciaiei e?aea?ii a?o/eciyiiai ?eieo ieao?aeieo ea?oie. Ia
nueiaiaei? aaieii aeiouaii iiiaae 6,74 i?eueeiia ieanoeeiaeo ea?oie (40%
a?ae caaaeueii? e?eueeino? ea?oie, ai?oiaaieo oe?a?inueeeie aaieaie). O
ia?aae? ianeoaiaoaaiiy ieanoeeiaeo ea?oie aaieo i?aoeth? 2 306
aaieiiao?a, ieanoeeia? ea?oee aaieo i?eeiathoue aei iieaoe iiiaae 16
oeny/ oi?aiaaeueii-na?a?nieo oi/ie ii an?e Oe?a?i?. Iayai?noue oe?iei?
ia?aae? ianeoaiaoaaiiy ea?oeiaeo i?iaeoeo?a aeicaiey? I?eaaoaaieo
aeoeaii ai?iaaaeaeoaaoe iineoae c aaoiiaoeciaaii? aeaea/? ei?ii?aoeaiei
ee??ioai ca?ia?oii? ieaoe c aeei?enoaiiyi ieanoeeiaeo ea?oie. I?eaaoaaie
oaeiae ? e?aea?ii ia ?eieo iineoa o?ce/iei iniaai. Oae, iiiaae 40%
ee??io?a aaie?a, ye? ioi?ieththoue e?aaeeoe ia eoi?aeth iiaooiai?
oaoi?ee, ei?enoothoueny e?aaeeoieie i?ia?aiaie I?eaaoaaieo. Oaeiae
iineoaaie I?eaaoaaieo ei?enoothoueny 27,8% on?o ee??io?a aeaiiceoieo
i?ia?ai, iiiaae 26% ee??io?a, ye? cae?eniththoue iai?i aaethoe. Aeecueei
21% ee??io?a oe?a?inueeeo aaie?a iae?athoue I?eaaoaaie aeey a?aee?eooy
iioi/iiai ?aooieo oa iiiaae 15% ei?enoothoueny iineoaaie aaieo i?ae /an
cae?eniaiiy a?ioiaeo ia?aeac?a.

2.2 Eiieo?aioe

Iniiai? eiieo?aioe:

1. Oe?N?aAaie

2. Oe?nioeaaie

3. ?aeooaecai Aaie Aaaeue

4. «Iaae?a»

5. ProCreditBank

6. IuaaeAaie

Eiieo?aioe, ui i?aaenoaaeai? ia oe?a?inueeiio ?eieo, aea ia caeiathoue
i?ia?aeii? iiceoe??:

1.OTP aaie

2. Home Credit Bank

3. UniCredit Bank

4. I?aaaen-Aaie

5. A?ieAecianAaie

6. Aeaeueoa Aaie

7. Eiaano Aaie

8. VAB Aaie

9. IOIA

10. O?iaine oa E?aaeeo

2.3 Aoaeeoi?nuee? aeniiaee ca 2006 ?.

OE?A?IA

AOAeEOI?NUeEA O??IA «II?IAI-AOAeEO»

oae. 450-65-80; 8-097-891-55-40 Na?aeioeoai i?i aianaiiy a ?a?no?
aoaeeoi?nueeeo o??i ? 1277, ??oaiiy AIO a?ae 26.01.2001 ?. ca ? 98,
i?iaeiaaeaii aei 26.01.2011 ?., ??oaiiy AIO a?ae 26.01.2006 ?., ? 158

Aoaeeoi?nueeee aeniiaie i?i o?iainiao ca?oi?noue Cae?eoiai aeoe?iia?iiai
oiaa?enoaa eiia?oe?eiiai aaieo «I?eaaoaaie» ca 2006 ??e

Ie i?iaaee aoaeeoi?nueeo ia?aa??eo aaeaino Cae?eoiai aeoe?iia?iiai
oiaa?enoaa eiia?oe?eiiai aaieo « I?eaaoaaie» (iaaeae? – «Aaie») noaiii
ia 31 a?oaeiy 2006 ?ieo, ca?oo i?i o?iainia? ?acoeueoaoe, ca?oo i?i ?oo
a?ioiaeo eioo?a, ca?oo i?i aeaniee eai?oae, i?ei?oie aei o?iainiaeo
ca?o?a oa caaaeueii? ?ioi?iaoe?? i?i ae?yeuei?noue Aaieo ca ??e, ui
ieioa ia cacia/aio aeaoo. A?aeiia?aeaeuei?noue ca iiaeaio o?iainiao
ca?oi?noue iana oi?aae?inueeee ia?niiae Aaieo. Ie ianaii
a?aeiia?aeaeuei?noue ca aeneiaeaiiy aeoiee uiaei oe??? o?iainiai?
ca?oiino? ia i?aenoaa? aoaeeoi?nueei? ia?aa??ee.

Ie i?iaaee aoaeeoi?nueeo ia?aa??eo ca?aeii c I?aeia?iaeieie noaiaea?oaie
aoaeeoo. Oe? noaiaea?oe ciaia’ycothoue ian ieaioaaoe ? cae?enithaaoe
aoaeeoi?nueeo ia?aa??eo c iaoith iaea?aeaiiy ia??oioiaaii? aiaaiaiino? a
oiio, ui o?iainiaa ca?oi?noue ia i?noeoue nooo?aeo aee?eaeaiue. Aoaeeo
aeeth/a? ia?aa??eo oeyoii oanooaaiiy aeieac?a, ye? i?aeoaa?aeaeothoue
noie oa ?ice?eooy ?ioi?iaoe?? o o?iainia?e ca?oiino?. Aoaeeoi?nueea
ia?aa??ea aeeth/a? oaeiae ioe?ieo canoiniaaieo i?eioeei?a
aooaaeoa?nueeiai iae?eo ? nooo?aeo iiia?aaei?o ioe?iie, cae?eniaieo
oi?aae?inueeei ia?niiaeii, a oaeiae ioe?ieo caaaeueiiai iiaeaiiy
o?iainiai? ca?oiino?. Ie aaaaea?ii, ui i?iaaaeaia aoaeeoi?nueea
ia?aa??ea caaacia/o? ia??oioiaaio i?aenoaao aeey aeneiaeaiiy iaoi?
aeoiee.

Ia iaoo aeoieo, o?iainiaa ca?oi?noue, aeacaia aeua, a on?o nooo?aeo
aniaeoao ni?aaaaeeeai e aeinoia??ii a?aeia?aaea? o?iainiaee noai Aaieo
ca noaiii ia 31 a?oaeiy 2006 ?ieo, a oaeiae ?acoeueoaoe eiai
ae?yeueiino?, ?oo a?ioiaeo eioo?a oa aeaniiai eai?oaeo ca ??e, ui ieioa
ia cacia/aio aeaoo, ca?aeii c I?aeia?iaeieie noaiaea?oaie
aooaaeoa?nueeiai iae?eo ? a?aeiia?aeathoue aeiiaai /eiiiai
caeiiiaeaanoaa Oe?a?ie.

Aee?aeoi? AO «Ii?iai-Aoaeeo» I. I. AEoe

(na?oeo?eao na??? «A» ? 0000031 a?ae 28.12.2004 ?., i?iaeiaaeaiee aei
01.01.2010 ?. ??oaiiy IAO a?ae 27.12.2006 ?. ? 156)

2.4 ?aeeaia

Ia nueiaiaei? ?niothoue /eneaii? oa ??ciiiai?oi? aecia/aiiy ?aeeaie.
Aiia iiaea aooe aecia/aia ye i?ioean eiioi?eaoe??, ye i?ioean i?inoaaiiy
oiaa??a ? iineoa ia oe?eueia? ?eiee, ye aeiiii?/iee oa nioe?aeueiee
i?ioean, ui caaacia/o? ca’ycie ?c a?iiaaenuee?noth, aai ye
?ioi?iaoe?eiee i?ioean ? i?ioean ia?aeiiaiiy aoaeeoi??? niiaeeaa/?a.
Iaeia c iaeoi?aa?naeuei?oeo aecia/aiue:

?aeeaia — oea iaia?nii?o?eiaaia ia?aaeaaaiiy ?ioi?iaoe??, ui cacae/ae
iiea/o?oueny ? ia? oa?aeoa? ia?aeiiaiiy i?i i?iaeoeoe?th, iineoae aai
?aea? ?aeeaiiaeaaoe?a, ca aeiiiiiaith ??cieo iin??a.

?aeeaia (a?ae o?. raclame)- ?ioi?iaoe?y, ?iciianthaeaeaia aoaeue-yeei
niiniaii, o aoaeue-ye?e oi?i? e c aeei?enoaiiyi aoaeue-yeeo cania?a,
aae?aniaaia iaaecia/aiiio eieo in?a ? ni?yiiaaia ia caeo/aiiy oaaae aei
ia’?eoa ?aeeaioaaiiy, oi?ioaaiiy aai i?aeo?eiea ?ioa?ano aei iueiai ?
eiai i?inoaaiiy ia ?eieo.

Oe?eue ?aeeaie — iia?aeiieaiiy ?ioi?iaoe?? a?ae ?aeeaiiaeaaoey aei
oe?eueiai? aoaeeoi???.

Caaaeaiiy ?aeeaie — niiioeaoe i?aaenoaaiee?a oe?eueiai? aoaeeoi??? aei
ae?? (aeai?o oiaa?o aai iineoae, cae?eniaiith iieoiee e o.i. , a oaeiae
oi?ioaaiith caieaiiaaieo ?aeeaiiaeaaoeai aeniiae?a i?i ia’?eo
?aeeaioaaiiy).

Iaoa ?aeeaie — i?iaeaaaoe. Iaia? iio?aae iaaiaeeoe aeieace oeueiio
oaa?aeaeaiith, yea aaea aeaaii ia?aoai?eeiny ia aen?iio. ? an? aeaeai? a
na?oia?e i?aeoeoe? i?ae?o/ieee c ?aeeaie ?iciia?aeathoue i?i caniae
aeinyaiaiiy oe??? iaoe. Naia aeinyaiaiiy oeeo oe?eae i?eaiaeeoue aei
ca?eueoaiiy i?eaooeo — iaoe aoaeue-yeiai a?ciano.

?aeeaia aeiaaa? cia/ieo aeo?ao. Aea a?io?, aeo?a/ai? ia aoaeoeaio
?aeeaio, iiaa?oathoueny noi?eoeath a i?eaooeo.

O ?aeeaii?e ae?yeueiino? ?nio? e?eueea oi?ioe, o yeeo neiioeaio?iaaii
iniiai? i?eioeeie, oe?e? oa caaaeaiiy, ui noiyoue ia?aae oao?aoeyie o
noa?? ?aeeaie. I?e oeueiio ne?ae iai’yoaoe, ui a eiioi?eaoeaiiio
i?ioean? ?aeeai?no ? iina?aaeieeii i?ae ae?iaieeii i?iaeoeoo ? eiai
niiaeeaa/ai: ae?iaiee <-> ?aeeai?no <—> niiaeeaa/

Oiaoi ?aeeaia iiaeiia nii/aoeo /eiinue i?eaa?iooe oaaao niiaeeaa/a aei
oeueiai i?iaeoeoo, iio?i — aeeeeeaoe eiai ?ioa?an: i?eioneoe yeiiiaa
a?eueoa ae?ciaoeny i?i i?iaeoeo, iio?i — aeeeeeaoe aaaeaiiy eoieoe oeae
i?iaeoeo, i?ney — i?eioneoe niiaeeaa/a ae?yoe: i?oe ? eoieoe oeae
i?iaeoeo aai nei?enoaoeny oe??th iineoaith.

Aaaaoi oao?aoe?a ?icoe?iththoue ?aeeaio aaie?anueeeo iineoa ye iaeei ?c
iaeneeaaei?oeo ?? aeae?a ? aieiaiei caaaeaiiyi aaie?anueei? ?aeeaie
aaaaeathoue oi?ioaaiiy ? noeioethaaiiy iiieoo ia i?iaeoeoe/iineoae, ui
i?iiiiothoueny aaieii.

?i?aeaeaaa ?aeeaia aaieo

Oaea ?aeeaia iieeeeaia cae??ieoe iacao oa ia?ac aaieo o a?iiaaenuee?e
na?aeiiino?, iia’ycaoe eiai eiaioei c oeie naaiaioaie ?eieo, ye? aeey
aaieo ? i??i?eoaoieie. Aieiaia iaoa ?i?aeaeaai? ?aeeaie: noai?aiiy
anioe?aoeaiiai ia?aco a?aiaeo, yeee aiioe?eii aeecueeee niiaeeaa/aa?;
aeiianaiiy aei niiaeeaa/a i?n?? a?aiaeo;oi?ioaaiiy aeia??e aei ia?ee.
?i?aeaeaaa ?aeeaia i?aaenoaaey? aeinoi?inoaa aaieo, ui aea?aeii
a?ae??ciythoue eiai a?ae eiieo?aio?a. Iaoa ?i?aeaeaai? ?aeeaie —
cae??ieaiiy ? ?icaeoie ?i?aeaeo aaieo ye noaa?eueiiai, iaae?eiiai
o?iainiaiai ?inoeoooo, ui aieiae?? iaoe?iith o?e?aeueiith ia?aaeath, ?
yeee aeeeeea? aeia??o aei aaieo oa eiai iineoa.

Ia??aeei ieooathoue aeaa aeecuee? iiiyooy — a?aiae ? oi?aiaaeueio ia?eo.
Ne?ae iai’yoaoe, ui oi?aiaaeueia ia?ea — iiiyooy th?eaee/ia, io?oe?eia,
oiae? ye a?aiae ?nio? eeoa a aieiaao niiaeeaa/?a.

Oi?eaeuei?noue a?aiaeo — «?iaeceiea» — iaa?? ?iaeea?aeoaeueieo iciae,
iaia’yceiaith oiiaith yeiai ? cia/ou?noue ? i?aeoe/ia ei?enoue aeey
niiaeeaa/a.

Aaaeei?i?oiaai?noue a?aiaeo icia/a? oa, ui a nai?e eiai noo? caeeaaeaia
caeaoi?noue caoenoo oeueiai oiaa?o a?ae eiieo?aio?a. Ui aaae/a ?i?ooaaoe
«?iaeceieo», oi aeineiiae?oee a?aiae.

C on?o aeaeia ?aeeaie ?i?aeaeaaa — iaeneeaaei?oa. ?niothoue ??ci?
iaoiaee oi?ioaaiiy iiceoeaiiai ?i?aeaeo aaieo:

1. Iaaeaoe iiaeeea?noue a?iiaaenueeino? ae?ciaoeny i?i aianie aaieo a
?icaeoie ?aa?iio; ae?yeuei?noue, ui iini?eyea c?inoaiith aeia?iaooo
i?noa, ?aeiio.

2. Aenooie a CI? ea??aiee?a aaieo, ea??aiee?a ?aa?iiaeueieo
i?ae?icae?e?a. A oaeiae ina?oeaiiy i?aenoie?a ?iaioe aaieo (aaeaine)

3. Niiini?noai, o/anoue aaieo a nioe?aeueieo, eoeueoo?ieo, ina?oi?o
i?ia?aiao ?aa?iio. I?iaaaeaiiy eiieo?n?a oa ?ioeo caoiae?a, ui iathoue
noni?eueiee ?aciiain.

I?eaaoaaie ciaoiaeeoueny ia oaeiio ??ai? ?icaeoeo, ui aeey eiai
iiaeaeueoiai ?icaeoeo iaiao?aeii aeei?enoiaoaaoe ia?eaoeia
iiae??-?ino?oiaio no?aoaa?/iiai iiceoe?iioaaiiy, yeee iia’yco? a?aiae c
iaaiith nioe?aeueiith iiae??th. I?ia?aia ia?eaoeiao iiae?e iae/ano?oa
cae?enith?oueny o aeaeyae? no?aoaa?/iiai aeueyino eiiiai?? c
aeaaiae?eiith i?aai?caoe??th, ui i?aoeth? a ia?aiiio iai?yieo, aai o
aeaeyae? ?iaioe aaciina?aaeiuei ?c nioe?aeueiei yaeuai. Oea aeicaieeoue
i?aeaeueoe eiyeuei?noue ee??io?a. ?aeeaia eiiieaeno aaie?anueeeo iineoa
ni?yiiaaia ia oa, uia iciaeiieoe ioae?eo c oe?ieei iaai?ii iia?aoe?e, ui
i?iiiiothoueny oeei aaieii, aea cae/aeii ia ni?yiiaaia ia ?ice?eooy
aeaoaeae ie?aieo aeae?a iineoa. Oeae aeae ?aeeaie ?ic?aoiaaiee ia oeo
iioaioe?eieo ee??io?a, ye? iaei noeeathoueny c aaieaie ? yeeo iio??aii
iciaeiieoe c aaciaeie iia?aoe?yie aaieo.

Iaeia c oe?eae aaie?anueeiai ia?eaoeiao ? ?aeeaie — caeo/aiiy iiaeo
ee??io?a, ye? aei oeueiai ia ei?enooaaeeny iineoaaie aaieo. I?ioa
nueiaiaei? ioiieaiiy ianaeaiiy aaie?anueeeie iia?aoe?yie aeineoue
aeniea: aei 70% aeiiaoi?o ainiiaea?noa aaea ? ee??ioaie aaie?a, iathoue
iioi/i? oa iuaaei? ?aooiee, e?aaeeoi? ea?oee ? o. ae. Oiio I?eaaoaaie o
nai?e no?aoaa?? ?iaeoue iaaiein ia i?iiiceoe?? iiaeo aeae?a iineoa aaea
?nioth/ei ee??ioai. Ethaee, ui caa?oathoueny aei aaieo aeey cae?eniaiiy
iaeiiai aeaeo iia?aoe?e ? iioaioe?eieie iieoioeyie aeiaeaoeiaeo iineoa.

Aeaaa 3. Oi?aae?iiy aeo?aoaie

3.1 Caaaeuei? iiiyooy aeo?ao

Nia?aa?o?noue i?iaeoeoe?? (?ia?o, iineoa) ? iaeaaaeeea?oei ye?niei
iieacieeii, ui a?aeaeaa? ?acoeueoaoe ainiiaea?nueei? ae?yeueiino?
i?aei?e?inoaa, a oaeiae ?ino?oiaioii ioe?iee oaoi?ei-aeiiii?/iiai ??aiy
ae?iaieoeoaa e i?aoe?, yeino? ea?oaaiiy. Aiia aenooia? ye aeo?aeia aaca
aeey oi?ioaaiiy oe?i, a oaeiae aaciina?aaeiuei aieeaa? ia i?eaooie,
??aaiue ?aioaaaeueiino? e oi?ioaaiiy caaaeueiiaea?aeaaiiai a?ioiaiai
oiiaeo — athaeaeaoo.

A «Iieiaeaii? i?i neeaae aeo?ao ii ae?iaieoeoao e ?aae?caoe??
i?iaeoeoe?? (?ia?o, iineoa), ui aeeth/athoueny a nia?aa?o?noue
i?iaeoeoe?? (?ia?o, iineoa)» aeaco?oueny: «Nia?aa?o?noue i?iaeoeoe??
(?ia?o, iineoa) yaey? niaith aa?o?nio ioe?ieo aeei?enoiaoaaieo o
i?ioean? ae?iaieoeoaa i?iaeoeoe?? (?ia?o, iineoa) iniiaieo oiiae?a,
o?oaeiaeo ?ano?n?a, a oaeiae ?ioeo aeo?ao ia ?? ae?iaieoeoai e
?aae?caoe?th». Iaaaaeaia aecia/aiiy nia?aa?oino? noaaeoueny aei
ae?iaie/eo aeo?ao ? a i?eeiyo?e eeaneo?eaoe?? noaiiaeoue ae?iaie/o
nia?aa?o?noue, a c o?aooaaiiyi aeo?ao ii ?aae?caoe?? i?iaeoeoe?? — iiaio
nia?aa?o?noue i?iieneiai? i?iaeoeoe??.

O nia?aa?o?noue i?iaeoeoe?? aeeth/athoue:

— aeo?aoe ia i?aeaioiaeo e inai?iiy ae?iaieoeoaa;

— aeo?aoe, aaciina?aaeiuei iia’ycai? c ae?iaieoeoaii i?iaeoeoe??,
iaoiiaeai? oaoiieia??th e i?aai?caoe??th ae?iaieoeoaa;

— aeo?aoe ia iieaoo i?aoe?;

— aeo?aoe iaeai?oaeueiiai oa?aeoa?o, iia’ycai? c oaeineiiaethaaiiyi
oaoiieia?? e i?aai?caoe?? ae?iaieoeoaa, a oaeiae c iie?ioaiiyi yeino?
i?iaeoeoe??;

— aeo?aoe, iia’ycai? c aeiao?aeieoeoaii, oaoi?/iei oaeineiiaeaiiyi ?
?aoe?iiae?caoi?nueeeie i?iiiceoe?yie;

— aeo?aoe ii ianeoaiaoaaiith ae?iaie/iai i?ioeano (iioi/iee, na?aaei?e ?
eai?oaeueiee ?aiiio);

— aeo?aoe ii caaacia/aiith ii?iaeueieo oiia i?aoe? e oaoi?ee aaciaee;

— aeo?aoe, iia’ycai? c iaai?ii ?iai/i? neee;

— aeo?aoe, iia’ycai? c i?aeaioiaeith e ia?ai?aeaioiaeith eaae??a;

— aeo?aoe ii o?ainii?ooaaiith i?aoe?aiee?a aei i?noey ?iaioe e iacaae;

— aeieaoe, ia?aaeaa/ai? caeiiiaeaanoaii i?i i?aoeth (iieaoa a?aeionoie,
eiiiainaoe?? e o.ae.);

— a?ae?aooaaiiy ia aea?aeaaia nioe?aeueia no?aooaaiiy e iain?eia
caaacia/aiiy, o aea?aeaaiee oiiae caeiyoino? a?ae aeo?ao ia iieaoo
i?aoe? i?aoe?aiee?a, caeiyoeo o ae?iaieoeoa? a?aeiia?aeii? i?iaeoeoe??;

— a?ae?aooaaiiy ii no?aooaaiith iaeia i?aei?e?inoaa;

— aeo?aoe ii aa?aio?eiiio ianeoaiaoaaiith;

— aeo?aoe ia a?aeoai?aiiy iniiaieo ae?iaie/eo oiiae?a (aii?oecaoe?y ia
iiaia a?aeiiaeaiiy);

— ciiooaaiiy (aii?oecaoe?y) ii iaiaoa??aeueieo aeoeaao;

— ?eceeia? ao?aoe.

3.2 Aaeia? aeo?aoe

Aaeia? aeo?aoe ae?iaieoeoaa e ia?ao (aeae? — aaeia? aeo?aoe) — noia
aoaeue-yeeo aeo?ao ieaoieea iiaeaoeo a a?ioia?e, iaoa??aeuei?e aai
iaiaoa??aeuei?e oi?iao, cae?enithaaieo ye eiiiainaoe?y aa?oino? oiaa??a
(?ia?o, iineoa), ui caeiaoaathoueny (aeaioiaeaieo) oaeei ieaoieeii
iiaeaoeo aeey ?oiueiai iiaeaeueoiai aeei?enoaiiy o aeani?e
ainiiaea?nuee?e ae?yeueiino?.

Aei neeaaeo aaeiaeo aeo?ao aeeth/athoueny:

1. Noie yeeo-iaaoaeue aeo?ao, niea/aieo (ia?aoiaaieo) i?ioyaii ca?oiiai
ia??iaeo o ca’yceo c i?aeaioiaeith, i?aai?caoe??th, aaaeaiiyi
ae?iaieoeoaa, i?iaeaaeai i?iaeoeoe?? (?ia?o, iineoa) ? ioi?iiith i?aoe?,
o oiio /ene? aeo?aoe ia i?eaeaaiiy aeaeo?e/ii? aia?a?? (aeeth/ath/e
?aaeoeaio), c o?aooaaiiyi iaiaaeaiue.

2. Noie eioo?a aai aa?o?noue oiaa??a (?ia?o, iineoa), aeia?ia?eueii
ia?a?aoiaai? (ia?aaeai?) i?ioyaii ca?oiiai ?ieo a Aea?aeaaiee athaeaeao
Oe?a?ie aai athaeaeaoe i?noeaaiai naiia?yaeoaaiiy, iai?eaooeiaei
i?aai?caoe?yi, o ?ici???, ui ia?aaeuo? aeaa a?aenioee, aea ia a?eueoa
i’yoe a?aenioe?a iiiaeaoeiaoaaiiai i?eaooeo iiia?aaeiueiai ca?oiiai
?ieo, ca aeiyoeii aiane?a (aei neeaaeo aaeiaeo aeo?ao ieaoieea iiaeaoeo
aeeth/athoueny iaia’yceia? aeieaoe, a oaeiae eiiiainaoe?y aa?oino?
iineoa, iaaeaaaieo i?aoe?aieeai o aeiaaeeao, ia?aaeaa/aieo
caeiiiaeaanoaii, aianee ieaoieea iiaeaoeo ia iaia’yceiaa no?aooaaiiy
aeeooy aai caei?ia’y i?aoe?aiee?a o aeiaaeeao, ia?aaeaa/aieo
caeiiiaeaanoaii)

3. Noia eioo?a, ia?a?aoiaaieo i?aei?e?inoaaie anaoe?a?inueeeo
ia’?aeiaiue in?a, ui iino?aaeaeaee a ?acoeueoao? *i?iiaeeuenueei?
eaoano?ioe, ia yeeo i?aoeth? ii iniiaiiio i?noeth ?iaioe ia iaio 75
a?aenioe?a oaeeo in?a, oeei ia’?aeiaiiyi aeey i?iaaaeaiiy ?oiuei?
aeia?iae?eii? ae?yeueiino?, aea ia a?eueoa 10 a?aenioe?a
iaeiaiiaeiaeaiiie i?eaooeo iiia?aaeiueiai ca?oiiai ia??iaeo.

4. Noie eioo?a, aianai? a no?aoia? ?aca?ae a ii?yaeeo, ia?aaeaa/aiiio
noaooath 12 ni?aaaeiueiai Caeiio.

5. Noie aianaieo (ia?aoiaaieo) iiaeaoe?a, cai??a (iaia’yceiaeo
ieaoaae?a), onoaiiaeaieo Caeiiii Oe?a?ie «I?i nenoaio iiiaeaoeiaoaaiiy»,
(e??i i?yii ia iaaieo o ia?ae?eo iiaeaoe?a, cai??a (iaia’yceiaeo
ieaoaae?a), iaaieo cacia/aiei Caeiiii), aeeth/ath/e aeoeeciee ca?? ?
?aioi? ieaoaae?, a oaeiae ca?? o aeaeyae? oe?eueiai? iaaeaaaee aei
/eiiiai oa?eoo ia aeaeo?e/io e oaieiao aia?a?th ca aeiyoeii iiaeaoe?a,
cai??a (iaia’yceiaeo ieaoaae?a), ? iai?, oo?ao?a, iaonoieie

Aeey ieaoieea iiaeaoeo, iniiaiith ae?yeuei?noth yeeo ? ae?iaieoeoai
n?euenueeiainiiaea?nueei? i?iaeoeoe??, aei neeaaeo aaeiaeo aeo?ao
aeeth/a?oueny ieaoa ca caieth, ui ia aeei?enoiao?oueny a
n?euenueeiainiiaea?nueeiio ae?iaie/iio iai?io?.

6. Noie aeo?ao, ia aeeth/ai? aei neeaaeo aaeiaeo aeo?ao ieioeeo ca?oieo
iiaeaoeiaeo ia??iae?a o ca’yceo ?c ao?aoith, cieuaiiyi aai inoaaiiyi
aeieoiaio?a, onoaiiaeaieo i?aaeeaie iiaeaoeiaiai iae?eo, ?
i?aeoaa?aeaeaieo oaeeie aeieoiaioaie o ca?oiiio iiaeaoeiaiio ia??iae?.

7. Noie aeo?ao, ia a?aoiaai? a ieioeeo iiaeaoeiaeo ia??iaeao o ca’yceo c
aeiiouaiiyi iiieeie ? aeyaeaieo o ca?oiiio iiaeaoeiaiio ia??iae? a
?ic?aooieo iiaeaoeiaiai ciaia’ycaiiy.

8. Noie aaciaae?eii? caai?aiaaiino? a /anoei?, ui ia aoea a?aeianaia aei
aaeiaeo aeo?ao o aeiaaeeo eiee a?aeiia?aei? caoiaee uiaei noyaiaiiy
oaeeo ai?a?a ia i?eaaee aei iiceoeaiiai ?acoeueoaoo. Aeey aaie?a ? ?ioeo
iaaaie?anueeeo o?iainiaeo onoaiia ii?ie ni?aaaeiueiai ioieoo ae?thoue ?c
o?aooaaiiyi ii?i noaoo? 12 ni?aaaeiueiai Caeiio.

9. Noie aeo?ao ii iia?aoe?yo, ia?aaeaa/aiei ioieoii 5.9 ni?aaaeiuei?
noaoo? e noaooath 7 ni?aaaeiueiai Caeiio.

10. Noie aeo?ao, iia’ycaieo c iie?ioaiiyi iniiaieo oiiae?a o iaaeao,
onoaiiaeaieo i?aeioieoii 8.7.1 ni?aaaeiueiai Caeiio, ? noie ia?aaeuaiiy
aaeainiai? aa?oino? iniiaieo oiiae?a ? iaiaoa??aeueieo aeoea?a iaae
aa?o?noth ?oiueiai i?iaeaaeo, iaai? a ii?yaeeo, onoaiiaeaiiio noaooath 8
ni?aaaeiueiai Caeiio.

11. Noie cania?a, ni?yiiaai? aiiaiiaaaeaieie aaieaie a aeiaeaoeiaee
niaoe?aeueiee ?aca?a no?aooaaiiy cania?a iain?eiiai oiiaeo aaie?anueeiai
ea?oaaiiy a?aeiia?aeii aei Caeiio Oe?a?ie «I?i aianaiiy ci?i o Caeii
Oe?a?ie «I?i i?iaaaeaiiy aenia?eiaioo a aeeoeiaiio aoae?aieoeoa? ia aac?
oieaeeiaiai? eiiiai?? «Eeaaai?no?ie»;

12. Noie cania?a aai aa?o?noue iaeia, aeia?ia?eueii ia?a?aoiaai?
(ia?aaeai?) aeey oe?eueiaiai aeei?enoaiiy c iaoith ioi?iie eoeueoo?ii?
niaaeueie onoaiiaai iaoee, ooai?aiiy, eoeueoo?e, caiia?aeieeai, iocayi-
caiia?aeieeai, o ?ici???, ui ia?aaeuo? aeaa a?aenioee, aea ia a?eueoa
aeanyoe a?aenioe?a iiiaeaoeiaoaaii? iiaeaoeii i?eaooeo iiia?aaeiueiai
ca?oiiai ia??iaeo.

13. Noie aeo?ao, iia’ycaieo c i?aeoaa?aeaeaiiyi a?aeiia?aeiino?
i?iaeoeoe??, nenoai yeino?, nenoai ea?oaaiiy ye?noth, nenoai ea?oaaiiy
iaaeieeoi?i na?aaeiaeuai, ia?niiaeo anoaiiaeaiei aeiiaai a?aeiia?aeii
aei Caeiio Oe?a?ie «I?i i?aeoaa?aeaeaiiy a?aeiia?aeiino?».

14. Noie cania?a aai aa?o?noue iaeia, aeia?ia?eueii ia?a?aoiaai?
(ia?aaeai?) i?aai?caoe?yi ?iaioiaeaaoe?a ? ?oiueiai ia’?aeiaiue,
noai?aiei a?aeiia?aeii aei caeiio ii oeueiio ieoaiith, o aeaeyae?
anooiieo, /eainueeeo ? oe?eueiaeo aiane?a, aea ia a?eueoa 0,2 a?aenioee
oiiaeo iieaoe i?aoe? ieaoieea iiaeaoeo a ?ic?aooieo ca ca?oiee ??e.

3.3 Aaciaae?eia caai?aiaai?noue

Iaei??th ?c iniaeeainoae aaie?anueei? ae?yeueiino? ? aaciaae?eia
caai?aiaai?noue.

1. Ieaoiee iiaeaoeo — i?iaeaaaoeue oiaa??a (?ia?o, iineoa) ia? i?aai
ca?eueoeoe noio aaeiaeo aeo?ao ca?oiiai ia??iaeo ia aa?o?noue
a?aeaaioaaeaieo oiaa??a (aeeiiaieo ?ia?o, iaaeaieo iineoa) o iioi/iiio
aai iiia?aaeiueiio ca?oiiio iiaeaoeiaiio ia??iaeao o aeiaaeeo yeui
iieoiaoeue oaeeo oiaa??a (?ia?o, iineoa) cao?eio? aac ocaiaeaeaiiy c
oaeei ieaoieeii iiaeaoeo iieaoo ?oiuei? aa?oino? (iaaeaiiy ?ioeo aeae?a
eiiiainaoe?e ?oiuei? aa?oino?). Oaea i?aai ia ca?eueoaiiy noie aaeiaeo
aeo?ao aeieea?, yeui i?ioyaii oaeiai ca?oiiai ia??iaeo a?aeaoaa?oueny
eiaeia c ianooiieo iiae?e:

a) ieaoiee iiaeaoeo caa?oa?oueny a noae c iiciaii (cayaith) i?i
noyaiaiiy caai?aiaaiino? c oaeiai iieoioey aai i?i ii?ooaiiy ni?aae i?i
eiai aaie?oonoai aai noyaiaiiy caeeaaeaiiai ?i iaeia;

a) cacia/aia cao?eiea a iieao? (iaaeaii? ?ioeo aeae?a eiiiainaoe?e)
ia?aaeuo? 90 eaeaiaea?ieo aei?a ? ieaoiee iiaeaoeo — i?iaeaaaoeue
iaea?aeo? a?ae iieoioey caiaea i?i aeciaiiy ?ai?oa ni?yiiaaii? eiio
i?aoaic?? a ii?yaeeo aeinoaeaaiiai a?aaoethaaiiy noia?a/ee aai ia
iaea?aeo? a?aeiia?ae? ia oaeo i?aoaic?th i?ioyaii no?ie?a, iaaieo
caeiiiaeaanoaii;

a) ii iiaeaiith i?iaeaaoey iioa??on ?iaeoue aeeiiaa/ee iaien i?i
noyaiaiiy caai?aiaaiino? c iieoioey aai noyaiaii? caeeaaeaiiai iaeia
(e??i iiaeaoeiaiai ai?ao).

2. Ieaoiee iiaeaoeo — i?iaeaaaoeue ciaia’ycaiee ca?eueoeoe aaeiaee
aeio?ae a?aeiia?aeiiai iiaeaoeiaiai ia??iaeo ia noio caai?aiaaiino? (??
/anoeie), iiia?aaeiuei a?aeianaii? ?i aei neeaaeo aaeiaeo aeo?ao aai
a?aeoeiaeiaaii? ca ?aooiie no?aoiaiai ?aca?ao, o aeiaaeeo eiee i?ioyaii
oaeiai iiaeaoeiaiai ia??iaeo a?aeaoaa?oueny eiaeia c ianooiieo iiae?e:

a) noae ia caaeiaieueiy? iicia (cayaa) i?iaeaaoey aai caaeiaieueiy? eiai
/anoeiai aai ia i?eeia? iicia (cayaa) aei ae?iaieoeoaa (?icaeyaeo) aai
caaeiaieueiy? iicia (cayaa) iieoioey i?i aeciaiiy iaae?enieie aeiia i?i
iiaaoaiiy oe??? caai?aiaaiino? aai ?? /anoeie;

a) noi?iie aeiaiai?o a aeinoaeaaiiio ii?yaeeo aeinyaathoue caiaee i?i
i?iaeiaaeaiiy no?ie?a iiaaoaiiy caai?aiaaiino? aai nienaii? an??? noie
caai?aiaaiino? aai ?? /anoei (e??i aeiaaee?a aeniiaeo na?oiai? oaiaee a
iaaeao i?ioeaaeo? a?aeiiaeaiiy ieaoini?iiiaeiino? ai?aeieea aai aeciaiiy
eiai aaie?ooii, iaaieo caeiiii);

a) i?iaeaaaoeue, ui ia iaea?aeaa a?aeiia?ae? ia i?aoaic?th i?ioyaii
no?ie?a, iaaieo caeiiiaeaanoaii, aai iaea?aeaa a?ae iieoioey
a?aeiia?aeue i?i aeciaiiy iaaeaii? i?aoaic??, aea ia iaea?aeo? iieaoe
(?ioeo aeae?a eiiiainaoe?e o ?aooiie iiaaoaiiy caai?aiaaiino?) i?ioyaii
iaaieo o oae?e i?aoaic?? no?ie?a, ? i?e oeueiio i?ioyaii ianooiieo 90
aei?a ia caa?oa?oueny a noae (ainiiaea?nueeee noae), ?c cayaith i?i
noyaiaiiy caai?aiaaiino? aai i?i ii?ooaiiy ni?aae i?i eiai aaie?oonoai
aai noyaiaiiy caeeaaeaiiai ?i iaeia.

Ia noio aeiaeaoeiaiai iiaeaoeiaiai ciaia’ycaiiy, ?ic?aoiaaiiai a
?acoeueoao? oaeiai ca?eueoaiiy, ia?aoiao?oueny i?iy/e a ?ici??ao, iaaieo
caeiiii aeey ianai?/aniiai iiaaoaiiy iiaeaoeiaiai ciaia’ycaiiy,
Cacia/aia iaiy ?ic?aoiao?oueny ca no?ie c ia?oiai aeiy iiaeaoeiaiai
ia??iaeo, ui aeieeaa? ca ia??iaeii, i?ioyaii yeiai a?aeaoeiny
ca?eueoaiiy aaeiaeo aeo?ao, aei inoaiiueiai aeiy iiaeaoeiaiai ia??iaeo,
ia yeee aeiaiaeeoueny ca?eueoaiiy aaeiaiai aeioiaeo, ? niea/o?oueny
iacaeaaeii a?ae cia/aiiy iiaeaoeiaiai ciaia’ycaiiy ieaoieea iiaeaoeo ca
a?aeiia?aeiee ca?oiee ia??iae. Iaiy ia ia?aoiao?oueny ia caai?aiaai?noue
(?? /anoeia), nienaio aai ?icno?i/aio a ?acoeueoao? aeniiaeo na?oiai?
oaiaee a?aeiia?aeii aei caeiiiaeaanoaa c ieoaiue aaie?oonoaa, ii/eiath/e
c aeaoe aeniiaeo oaei? na?oiai? oaiaee.

sseui a iaeaooiueiio (c o?aooaaiiyi no?ieo iiciaii? aeaaiino?) oaeee
i?iaeaaaoeue caa?oa?oueny a noae, oi a?i ia? i?aai ca?eueoeoe aaeia?
aeo?aoe ia noio inea?aeaii? caai?aiaaiino?.

O aeiaaeeo yeui ieaoiee iiaeaoeo inea?aeeoue ??oaiiy noaeo a ii?yaeeo,
onoaiiaeaiiio caeiiii, ca?eueoaiiy aaeiaiai aeioiaeo, ia a?aeaoaa?oueny
aei iiiaioo ooaaeaiiy inoaoi/iiai ??oaiiy a?aeiia?aeiei noaeiaei
i?aaiii.

3. Iia?aeiieaiiy i?i ca?eueoaiiy aaeiaeo aeo?ao aai aaeiaiai aeioiaeo,
ieaoiee iiaeaoeo — i?iaeaaaoeue iaaea? iiaeaoeiaiio i?aaio ?acii c
aeaeea?aoe??th ca ca?oiee ia??iae ? ?io? ia?aeii? aeieoiaioe, ui
i?aeoaa?aeaeothoue iayai?noue aeaa?oi?nueei-e?aaeeoi?nueei?
caai?aiaaiino?.

4. Ieaoiee iiaeaoeo — iieoiaoeue ciaia’ycaiee ca?eueoeoe aaeia? aeioiaee
ia noio iaiiaaoaii? caai?aiaaiino? (?? /anoeie), aeciaii? a ii?yaeeo
aeinoaeaaiiai a?aaoethaaiiy noia?a/ie aai noaeii aai ii aeeiiaa/iio
iaien? iioa??ona, o iiaeaoeiaiio ia??iae?, ia yeiio aeiaiaeeoueny ia?oa
c iiae?e:

a) aai 90- e eaeaiaea?iee aeaiue a?ae aeiy a?aie/iiai no?ieo iiaaoaiiy
oaei? caai?aiaaiino? (?? /anoeie), ia?aaeaa/aiiai aeiaiai?ii aai
aeciaiith i?aoaic??th;

a) aai 30- e eaeaiaea?iee aeaiue a?ae aeiy ooaaeaiiy ??oaiiy noaeii i?i
aeciaiiy (noyaiaii?) oaei? caai?aiaaiino? (?? /anoeie) aai cae?eniaiiy
iioa??onii aeeiiaa/iai iaieno.

No?iee, iaai? aacaoeii «a» ni?aaaeiueiai i?aeioieoo, iioe?ththoueny
oaeiae ia aeiaaeee, eiee iieoiaoeue ia iaaeaa a?aeiia?aeue ia
i?aoaic?th, ni?yiiaaio i?iaeaaoeai, o no?iee, iaai?
ainiiaea?nueei-i?ioeanoaeueiei caeiiiaeaanoaii.

No?iee, iaai? aacaoeii «a» ni?aaaeiueiai i?aeioieoo, canoiniaothoueny
iacaeaaeii a?ae oiai, /e ii/aoe?a aea?aeaaiee aeeiiaaaoeue aai iniaa,
i?e??aiyia aei iueiai a?aeiia?aeii aei caeiio, caoiaeo aeey i?eioniaiai
noyaiaiiy /e ai?ao i?.

Iniaeeaino? iie?eooy aaciaae?eii? caai?aiaaiino? aaieaie

1.Aoaeue-yeee aaie ciaia’ycaiee noai?thaaoe no?aoiaee ?aca?a aeey
a?aeoeiaeoaaiiy iiaeeeaeo ao?ao ii iniiaiiio ai?ao (aac a?aenioe?a ?
eii?n?e) ii an?o aeaeao e?aaeeo?a (o oiio /ene? eiinie?aeiaaiiio
?iioa/iiio ai?ao), a oaeiae aa?aio?e, ii?oe, i?eaeaaieo oe?iieo iaia??a
(o oiio /ene? ?iioa/ieo na?oeo?eao?a c o?eniaaiith i?eaooeia?noth),
?ioeo aeoeaieo aaie?anueeeo iia?aoe?e, ui noaaeyoueny aei ?oiuei?
ainiiaea?nueei? ae?yeueiino? a?aeiia?aeii aei caeiiiaeaanoaa.

2. Noai?aiiy no?aoiaiai ?aca?ao cae?enith?oueny o?iainiaith onoaiiaith
naiino?eii a ?ici???, aeinoaoiueiio aeey iiaiiai iie?eooy ?ecee?a
iaiiaa?iaiiy iniiaiiai ai?ao ii e?aaeeoao (?ioei aeaeai caai?aiaaiino?),
aeciaiei ianoaiaea?oieie ca iaoiaeeeith, ui anoaiiaeth?oueny aeey aaie?a
Iaoe?iiaeueiei aaieii Oe?a?ie.

3. ?ici?? no?aoiaiai ?aca?ao, ui noai?th?oueny ca ?aooiie ca?eueoaiiy
aaeiaeo aeo?ao o?iainiai? onoaiiae, ia iiaea ia?aaeuoaaoe:

aeey eiia?oe?eieo aaie?a — 10 a?aenioe?a a?ae noie ai?aiaeo aeiia, a
naia noeoiii? caai?aiaaiino? ii e?aaeeoao, aa?aio?yi ? ii?o/ieoeoaai,
oaeoe/ii iaaeaiei (aenoaaeaiei ia ei?enoue) aeaa?oi?ai ia inoaii?e
?iai/ee aeaiue ca?oiiai iiaeaoeiaiai ia??iaeo;

4.O aeiaaeeo yeui ca ?acoeueoaoaie ca?oiiai iiaeaoeiaiai ia??iaeo
a?aeaoaa?oueny ciaioaiiy noeoiiiai ?ici??o ianoaiaea?oieo aai
aaciaae?eieo e?aaeeo?a (?ioeo aeae?a caai?aiaaiino?) o ca’yceo c ?oi?i
ia?aeeaaeii o noaiaea?oio eaoaai??th aai c? nienaiiyi aei neeaaeo
aaeiaeo aeo?ao ieaoieea iiaeaoeo ii i?ioeaaeo?? aai i?e ciaioaii? noi
ai?aiaeo aeiia, aeei?enoiaoaaiiio ye aaca aeey aecia/aiiy iaiaaeaiue,
iaaeeeoeiaa noia no?aoiaiai ?aca?ao iai?aaey?oueny ia ca?eueoaiiy
aaeiaiai aeioiaeo o?iainiai? onoaiiae ca ?acoeueoaoaie oaeiai ca?oiiai
ia??iaeo.

5. Ii?yaeie ? aeaea?aea ooai?aiiy e aeei?enoaiiy ?aca?a?a (oiiae?a) aeey
no?aooaaiiy aiane?a (aeaiiceo?a) o?ce/ieo in?a onoaiiaeththoueny ie?aiei
caeiiii.

6. Ii?yaeie a?aeoeiaeoaaiiy noi aaciaae?eii? caai?aiaaiino? ca ?aooiie
no?aoiaiai ?aca?ao ieaoieea iiaeaoeo.

— Noia caai?aiaaiino? noaaeoueny ia aaeia? aeo?aoe e?aaeeoi?a o
aeiaaeeo, yeui no?ie iiciaii? aeaaiino? ca a?aeiia?aeiei aeiaiai?ii c
aeaa?oi?ii ieioa aei iiiaioo iaa?aiiy /eiiino? ni?aaaei?i Caeiiii
(caeiiii i?i iiiaeaoeiaoaaiiy i?eaooeo). O oeueiio ae ia??iae? aeaa?oi?
ca?eueoo? nai? aaeia? aeioiaee ia oaeo ae noio.

— Iniiaia noia ai?ao, eio?ee ia iiaea aooe i?eioniai noyaiaiee c
aeaa?oi?a aiane?aeie aeniiaeo na?oiai? oaiaee a iaaeao i?ioeaaeo?e
a?aeiiaeaiiy ieaoini?iiiaeiino? ai?aeieea aai aeciaiiy eiai aaie?ooii,
ia aeeth/a?oueny aei neeaaeo aaeiaeo aeo?ao e?aaeeoi?a, aea iiaea aooe
a?aeoeiaeiaaiee ca ?aooiie eiai no?aoiaeo ?aca?a?a, noai?aieo
a?aeiia?aeii aei ni?aaaeiuei? noaoo?.

— Aaciaae?eia caai?aiaai?noue ii oaiaeao, ui ia?aaeaa/a? aenoaaeyiiy
aaenaey ia ei?enoue e?aaeeoi?a ye caaacia/aiiy ai?aiaeo ciaia’ycaiue
aeaa?oi?a, a?aeoeiaeiao?oueny ca ?aooiie no?aoiaiai ?aca?ao e?aaeeoi?a
ca oiiae, yeui ii?ioanoiaaiee o iaieaoaae? aaenaeue caeeoa?oueny
iaiiaaoaiei i?ioyaii 30 eaeaiaea?ieo aei?a c iiiaioo eiai ii?ioanooaaiiy
e aaenaeaiieo/aoaeue ii?ooea ni?aao i?i aaie?oonoai aaenaeaaeaaoey a
noae?.

I?e oeueiio aaeiaee aeio?ae aaenaeaaeaaoey ca?eueoo?oueny ia noio
ii?ioanoiaaiiai a iaieaoaae? aaenaey a iiaeaoeiaiio ia??iae?, ia yeiio
aeiaiaeeoueny 30- e eaeaiaea?iee aeaiue ?c iiiaioo ii?ioanooaaiiy oaeiai
aaenaey.

— Aaciaae?eia caai?aiaai?noue iice/aeueieea, aeciaiiai aaie?ooii o
anoaiiaeaiiio caeiiiaeaanoaii ii?yaeeo, a?aeoeiaeiao?oueny ca ?aooiie
no?aoiaiai ?aca?ao e?aaeeoi?a i?ney i?eeiyooy noaeii ??oaiiy i?i
aeciaiiy aeaa?oi?a aaie?ooii. Eiooe , io?eiai? e?aaeeoi?ii o ?acoeueoao?
caaa?oaiiy e?ea?aeaoe?eii? i?ioeaaeo?e e i?iaeaaeo iaeia iice/aeueieea,
aeeth/athoueny aei neeaaeo aaeiaeo aeioiae?a e?aaeeoi?a a iiaeaoeiaee
ia??iae ?oiueiai iaaeoiaeaeaiiy.

O aeiaaeeo yeui e?aaeeoi? aea? e?aaeeo aeaa?oi?ia?, i?ioe yeiai ii?ooaia
ni?aaa i?i aaie?oonoai aei iiiaioo aeniiaeo e?aaeeoii? oaiaee, ?
?ioi?iaoe?y i?i ii?ooaiiy oaei? ni?aae aoea ii?eethaeiaia (ca aeiyoeii
aeiaaee?a iaaeaiiy o?iainiaeo e?aaeeo?a o ?aieao i?ioeaaeo?e naiaoe??
aeaa?oi?a i?ae canoaao eiai ei?ii?aoeaieo i?aa) aaciaae?eia
caai?aiaai?noue ca e?aaeeoii iiaaoa?oueny ca ?aooiie aeanieo eioo?a
e?aaeeoi?a.

I?e oeueiio aaeiaee aeio?ae aeaa?oi?a, iaieioaiiai aaie?ooii o
anoaiiaeaiiio caeiiiaeaanoaii ii?yaeeo, ia ca?eueoo?oueny ia noio
cacia/aii? aaciaae?eii? caai?aiaaiino?.

O aeiaaeeo yeui e?aaeeoi? ia iiaea caa?iooeny a noae ?c cayaith i?i
ii?ooaiiy ni?aae i?i aaie?oonoai o ca’yceo c oei, ui aacia?a/i? aeiiae
oaeiai e?aaeeoi?a aei ai?aeieea noeoiii noaiiaeyoue noio, iaioa 300
i?i?iaeueieo ?ici???a ca?ia?oii? ieaoe, oa oaea noia aeiia aeeth/a?oueny
aei neeaaeo aaeiaeo aeo?ao e?aaeeoi?a.

— Caai?aiaai?noue, caaacia/aia canoaaith, iiaaoa?oueny a ii?yaeeo,
ia?aaeaa/aiiio ii?iaie Caeiio Oe?a?ie «I?i canoaao».

Canoaaioo?eioaa/ ia? i?aai a?aeoeiaeoaaoe ca ?aooiie no?aoiaiai ?aca?ao
/anoeia caai?aiaaiino?, ui caeeoeeany iaiiaaoaii? a ?acoeueoao?
iaaeie?eo eioo?a , io?eiaieo e?aaeeoi?ii a?ae i?iaeaaeo iaeia aeaa?oi?a,
ia?aaeaiiai a canoaao, ? ca oiiae, ui ?io? th?eaee/i? ae?? e?aaeeoi?a ii
i?eioniaiio noyaiaiith ?ioiai iaeia iice/aeueieea ia i?eaaee aei iiaiiai
iie?eooy caai?aiaaiino?. I?iaeaae iaeia, ia?aaeaiiai a canoaao,
cae?enith?oueny o?eueee /a?ac aoeoe?iie (ioae?/i? oi?ae). O aeiaaeeo
a?ae/oaeaiiy iaeia, ia?aaeaiiai a canoaao, ?ioeie niiniaaie e?aaeeoi?
iie?eaa? caeoee ca ?aooiie i?eaooeo, ui caeeoa?oueny a eiai
?icii?yaeaeaii? i?ney iiiaeaoeiaoaaiiy.

Ii?yaeie i?iaaaeaiiy aoeoe?ii?a (ioae?/ieo oi?a?a) onoaiiaeth?oueny
Eaa?iaoii I?i?no??a Oe?a?ie.

— Aaciaae?eia caai?aiaai?noue, ui aeieeea a ?acoeueoao? iacaeaoiino?
aeaa?oi?a iiaaneoe caai?aiaai?noue o ca’yceo c ae??th ianoaaei
iaia?aai?ii? neee aai noeo?eiiai eeoa ( oi?n-iaaei?o),
a?aeoeiaeiao?oueny ca ?aooiie no?aoiaiai ?aca?ao e?aaeeoi?a i?e
iayaiino? yeiai — aai c ieae/aiacaaieo aeieoiaio?a:

1. I?aeoaa?aeaeaiiy Oi?aiai-i?iieneiai? iaeaoe Oe?a?ie i?i ianoaiiy
ianoaaei iaia?aai?ii? neee aai noeo?eiiai eeoa ia oa?eoi??? Oe?a?ie aai
I?aeoaa?aeaeaiiy aiiaiiaaaeaieo i?aai?a ?ioi? aea?aeaae, eaaae?ciaaieo
eiinoeuenueeeie onoaiiaaie Oe?a?ie, o aeiaaeeo ianoaiiy ianoaaei
iaia?aai?ii? neee aai noeo?eiiai eeoa ia oa?eoi??? oaei? aea?aeaae;

2. ??oaiiy I?aceaeaioa Oe?a?ie i?i aaaaeaiiy iaaecae/aeii? aeieia?/ii?
neooaoe?? a ie?aieo i?noeaainoyo Oe?a?ie, caoaa?aeaeaiiai Aa?oiaiith
?aaeith Oe?a?ie, aai ??oaiiy Eaa?iaoo I?i?no??a Oe?a?ie i?i aeciaiiy
ie?aieo i?noeaainoae Oe?a?ie iioa?i?eeie a?ae iiaai?, iinooe, iiaeaae? e
?ioeo aeae?a noeo?eieo eeo, aeeth/ath/e ??oaiiy i?i aeciaiiy ie?aieo
i?noeaainoae iioa?i?eeie a?ae iani?eyoeeaeo iiaiaeieo oiia, ui i?ecaaee
aei ao?aoe a?iaeath n?euenueeiainiiaea?nueeeo eoeueoo? a ianyaao, ui
ia?aaeuothoue 30 a?aenioe?a a?ae na?aaeiueiai a?iaeath ca iiia?aaei?
i’youe eaeaiaea?iiai ?ie?a.

I?e oeueiio aaeiaee aeio?ae aeaa?oi?a ia ca?eueoo?oueny ia noio
caai?aiaaiino?, ui aeieeea a ?acoeueoao? eiai iacaeaoiino? iiaaneoe oaeo
caai?aiaai?noue o ca’yceo c ae??th ianoaaei iaia?aai?ii? neee aai
noeo?eiiai eeoa (oi?n-iaaei?o), i?ioyaii onueiai oa?i?io ae?? oaeeo
oi?n-iaaei?ieo ianoaaei.

— I?ino?i/aia caai?aiaai?noue i?aei?e?inoa, onoaiia ? i?aai?caoe?e, ia
iaeii yeeo ia iiaea aooe caa?iaia noyaiaiiy (aai ia i?aeeyaath/i?
i?eaaoecaoe??) a?aeiia?aeii aei caeiiiaeaanoaa Oe?a?ie,
a?aeoeiaeiao?oueny ca ?aooiie no?aoiaiai ?aca?ao e?aaeeoi?a o aeiaaeeo,
yeui i?ioyaii 30 eaeaiaea?ieo aei?a c iiiaioo aeieeiaiiy i?ino?i/aiiy
cacia/aia caai?aiaai?noue ia aoei a?aeoeiaeiaaii caniaaie Aea?aeaaiiai
athaeaeaoo Oe?a?ie aai a?aeiia?aeieo i?noeaaeo athaeaeao?a aai
eiiiainiaaia yeei-iaaoaeue ?ioei niiniaii.

I?e oeueiio e?aaeeoi? o no?iee, ia?aaeaa/ai? caeiiiaeaanoaii,
ciaia’ycaiee caa?iooeny a noae c iiciaii i?i a?aeoeiaeoaaiiy caeoe?a,
io?eiaieo o ca’yceo c oaeei e?aaeeooaaiiyi. O aeiaaeeo yeui e?aaeeoi? ia
caa?oa?oueny a noae i?ioyaii iaaieo caeiiiaeaanoaii no?ie?a aai o
aeiaaeeo yeui noae a?aeiiaey? a iicia? aai caeeoa? iiciaio cayao aac
?icaeyaeo, e?aaeeoi? ciaia’ycaiee ca?eueoeoe aaeia? aeioiaee ia noio
aaciaae?eii? caai?aiaaiino? o a?aeiia?aeiee iiaeaoeiaee ia??iae.

— I?ino?i/aia caai?aiaai?noue o?ce/ieo in?a, aeciaieo o noaeiaiio
ii?yaeeo aaca?nii a?aenooi?ie aai iiia?eeie, a?aeoeiaeiao?oueny ca
?aooiie no?aoiaiai ?aca?ao e?aaeeoi?a ca oiiae, yeui ??oaiiy noaeo i?i
aeciaiiy o?ce/ieo in?a aaca?nii a?aenooi?ie aai iiia?eeie aoei i?eeiyoi
i?ci?oa aeaoe aeniiaeo e?aaeeoii? oaiaee.

I?e oeueiio e?aaeeoi? iiaeiai aaeeoe th?eaee/ieo caoiae?a ii noyaiaiith
aaciaae?eii? caai?aiaaiino? c? niaaeueie oaei? o?ce/ii? iniae a iaaeao ?
ii i?ioeaaeo??, iaaii? caeiiiaeaanoaii.

— I?ino?i/aia caai?aiaai?noue ii aeiaiai?ao, aeciaiei o noaeiaiio
ii?yaeeo iiai?noth aai /anoeiai iaae?enieie c aeie aeaa?oi?a,
a?aeoeiaeiao?oueny ca ?aooiie no?aoiaiai ?aca?ao e?aaeeoi?a o aeiaaeeo,
yeui aeaa?oi? ia iiaaoa? caai?aiaai?noue ii cacia/aieo aeiaiai?ao
i?ioyaii 30 eaeaiaea?ieo aei?a a?ae aeiy ooaaeaiiy ??oaiiy noaeo i?i
aeciaiiy ?o iiai?noth aai /anoeiai iaae?enieie.

I?e oeueiio aaeiaee aeio?ae aeaa?oi?a ca?eueoo?oueny ia noio oaei?
caai?aiaaiino? a iiaeaoeiaee ia??iae, ia yeee aeiaiaeeoueny ??oaiiy
noaeo uiaei aeciaiiy aeiaiai??a iiai?noth aai /anoeiai iaae?enieie c
aeie aeaa?oi?a.

— I?ino?i/aia caai?aiaai?noue ii aeiaiai?ao aai ?oi?o /anoeiao, aeciaiei
o noaeiaiio ii?yaeeo iaae?enieie c aeie e?aaeeoi?a aai c aeie iaio
noi??i, iiaaoa?oueny ca ?aooiie iiaa?iaiiy aeaa?oi?ii noie
e?aaeeoi?nueei? caai?aiaaiino?, a o aeiaaeeo ?? iaiiaa?iaiiy i?ioyaii 30
eaeaiaea?ieo aei?a — ?c i?eaooeo, ui caeeoa?oueny a ?icii?yaeaeaii?
e?aaeeoi?a i?ney iiiaeaoeiaoaaiiy.

I?e oeueiio aaeiaee aeio?ae aeaa?oi?a ca?eueoo?oueny ia noio oaei?
caai?aiaaiino? a iiaeaoeiaee ia??iae, ia yeee aeiaiaeeoueny ??oaiiy
noaeo i?i aeciaiiy aeiaiai??a aai ?oi?o /anoei iaae?enieie c aeie iaio
noi??i.

O aeiaaeeo yeui an? caoiaee uiaei noyaiaiiy aaciaae?eii? caai?aiaaiino?
ia i?eaaee aei iiceoeaiiai ?acoeueoaoo, aaiee a?aeiinyoue ia aaeia?
aeo?aoe oaeo caai?aiaai?noue o /anoei?, ia a?aeoeiaeiaaii? ca ?aooiie
no?aoiaiai ?aca?ao.

3.4 Oi?aae?iiy aeo?aoaie

3.4.1 Eiioeaiooaeuei? iniiae ea?oaaiiy aeo?aoaie i?aei?e?inoaa

I?ioean ea?oaaiiy aeo?aoaie i?aei?e?inoaa iineoue eiiieaeniee oa?aeoa? ?
ia?aaeaa/a? ??oaiiy ianooiieo ieoaiue:

— cia/aiiy oiai, aea, eiee e o yeeo ianyaao aeo?a/athoueny ?ano?ne
i?aei?e?inoaa;

— i?iaiic oiai, aea, aeey /iai e o yeeo ianyaao iaiao?aei? aeiaeaoeia?
o?iainia? ?ano?ne;

— oi?iiy caaacia/eoe iaeneiaeueii aenieee ??aaiue a?aeaea/? a?ae
aeei?enoaiiy ?ano?n?a.

Ea?oaaiiy aeo?aoaie — oea ai?iiy caiuaaeaeoaaoe ?ano?ne e iaenei?coaaoe
a?aeaea/o a?ae ieo.

Iaeiei c iaeaoaeoeai?oeo iaoiae?a ??oaiiy caaaeaiue o?iainiaiai aiae?co
c iaoith iia?aoeaiiai e no?aoaa?/iiai ieaioaaiiy neoaeeoue iia?aoe?eiee
aiae?c, iaceaai? oaeiae aiae?cii «Aeo?aoe — Ianya -I?eaooie», ui
a?aene?aeeiao? caeaaei?noue o?iainiaeo ?acoeueoao?a a?ciano a?ae aeo?ao
? ianya?a iaaeaieo iineoa.

Iia?aoe?eiee aiae?c ? neeaaeiaith /anoeiith oi?aae?inueeiai iae?eo. Eiai
eeth/iaeie aeaiaioaie ?: iia?aoe?eiee aaae?eue, ii??a ?aioaaaeueiino? e
caian o?iainiai? i?oeiino?. Iacaai? aeaiaioe iiaeia aeiiiaieoe
ia?aeeiaeueiui aeioiaeii.

sseui aiae?c aaccaeoeiaino? aeicaiey? aecia/aoe e aea/aoe e?aieo
aaccaeoeiaino? (ii??a ?aioaaaeueiino?, e?eoe/iee ianya ae?iaieoeoaa e
i?iaeaae?a), caian o?iainiai? i?oeiino? (?iaeaen aaciaee), oi a?eueoa
oe?iea aeei?enoaiiy ia?aeeiaeueiiai aeioiaeo a aiae?c? aeicaiey? oaeiae
ianya aeinooiieo iineoa ? oeo ui aaea iaaeai? aeey iaea?aeaiiy
ieaiiaaiiai i?eaooeo.

Ocaaaeueithth/e aeuaaeeeaaeaia, aa?oi neacaoe, ui e??i ioe?iee
iia?aoe?eiiai aaaeaey, aiae?co aaccaeoeiaino? aei iia?aoe?eiiai aiae?co
iiaeia oaeiae a?aeianoe ??ci? iaoiaee ia?aeeiaeueii aiae?co; iaoiae
a?aie/ieo aeo?ao.

Iaeaaaeeea?oi? o?eaeoeyoee?oiueiio iia?aoe?eiiai aiae?co ? iiae?e aeo?ao
ia ci?ii? e iino?ei?.

Ci?ii? aeo?aoe i?iythoueny a oe?eiio i?yii i?iii?oe?eii ci?iai ianyao
ae?iaieoeoaa oiaa??a (?ia?o, iineoa). Aei ieo noaaeyoueny aeo?aoe
iniiai? iaoa??aee, iniiaio ca?ia?oio ieaoo iniiaieo ?ia?oiee?a ? o.i.

Aei iino?eiiai noaaeyoueny aeo?aoe, caaaeueia aaee/eia yeeo ?noioii ia
i?iy?oueny i?e ciaioaii? aai ca?eueoaii? ianyao aeioneo
i?iaeoeoe??(ianyao iaaeaieo iineoa), o ?acoeueoao? /iai ci?ith?oueny
?oiy a?aeiinia aaee/eia ia iaeeieoeth i?iaeoeoe??(iineoae). Oea aeo?aoe
ia iiaeaiiy e aena?oeaiiy i?ei?uaiue, ca?ia?oia ieaoa oi?aae?inueeiai
ia?niiaeo, aii?oecaoe?ei? a?ae?aooaaiiy e ?i.

E?eoa???i aeai?o iaea?eueo i?eaooeiai? e ?aioaaaeueii? i?iaeoeoe??
iiaeooue neoaeeoe ianooii? iieacieee:

— aaeiaa ia?aea ia iaeeieoeth i?iaeoeoe??(iineoae);

— /anoea aaeiai? ia?ae? a oe?i? iaeeieoe? i?iaeoeoe??(iineoae);

— aaeiaa ia?aea ia iaeeieoeth iaiaaeoth/iai oaeoi?a.

3.4.2 Oi?aae?inueeee iae?e ye ?ino?oiaio ea?oaaiiy aeo?aoaie

Oi?aae?inueeee iae?e — oea aeae iae?eiai? ae?yeueiino?, ui
oa?aeoa?eco?oueny cai?ii, aiae?cii, i?aeaioiaeith e iaaeaiiy
?ioi?iaoe??, iaiao?aeii? aeey i?eeiyooy oi?aae?inueeeo ??oaiue a iaeano?
ieaioaaiiy, eiio?ieth, i?aai?caoe?? e ?aaoethaaiiy ae?yeueiino?
i?aei?e?inoaa a oe?eiio ? eiai ie?aieo i?ae?icae?eao. Oi?aae?inueeee
iae?e aeei?enoiao? aeai? ae?iaie/iai iae?eo, o yeiio aeoioeth?oueny
?ioi?iaoe?y i?i aeo?aoe nia?aa?oino? i?iaeoeoe??(iineoae).

sse ?ioi?iaoe?eia aaca aeey o?iainiaiai iaiaaeaeiaioo iaea?eueoee
?ioa?an i?aaenoaaeythoue aeai? i?i ??aaiue, aeeiai?e ? no?oeoo?o
nia?aa?oino?; eeaneo?eaoe?? aeo?ao; iieacieeao ?aioaaaeueiino?.

Caeaaeii a?ae iiaiioe aeeth/aiiy ??cieo a?oi aeo?ao o nia?aa?o?noue
i?iaeoeoe?? aeae?eythoue aeaa iniiaieo iaoiaee iae?eo aeo?ao: iae?e ii
iiai?e nia?aa?oino? («aaci?ioai-einoeia»), iaceaaiee oaeiae iae?eii
iiaeeiaieo aeo?ao, ? on?/ai?e nia?aa?oino? («aee?aeo-einoeia»). I?e
iae?eo ii iiai?e nia?aa?oino? a nia?aa?o?noue i?iaeoeoe?? aeeth/athoueny
an? aeo?aoe i?aei?e?inoaa iacaeaaeii a?ae ?oiueiai ?iciiae?eo ia i?yi? e
iai?yi?. Aeinoi?inoaa aeaiiai iaoiaeo iieyaathoue o a?aeiia?aei?no?
noi?iiaaii? a Oe?a?i? o?aaeeoe?yi ? aeiiaai ii?iaoeaieo aeo?a ii
o?iainiaiio iae?eo e iiiaeaoeiaoaaiith.

Ii?yae c iae?eii ii iiai?e nia?aa?oino? an? /ano?oa canoiniaothoue iae?e
ii on?/ai?e nia?aa?oino?. A?aeiia?aeii aei oeueiai iaoiaeo ia
i?iaeoeoe?th ?iciiae?eythoue ia an? aeo?aoe i?aei?e?inoaa, a o?eueee
?oiy /anoeia — ci?ii? aeo?aoe, oiaoi ui ci?iththoueny i?iii?oe?eii ci?i?
ianyao aeioneo. A iino?ei? aeo?aoe a nia?aa?o?noue i?iaeoeoe?? ia
aeeth/athoue, ? a?aeiinyoue ?o ia o?iainiaee ?acoeueoao oiai ia??iaeo,
eiee aiie aeieeee.

Ia?aaaae iae?eo ii on?/ai?e nia?aa?oino? iieyaa? a ianooiiiio:

— iiaeeea?noue ii??aiyiiy nia?aa?oino? ??cieo ia??iae?a o?eueee a
/anoei? ?aeaaaioieo aeo?ao; o ?acoeueoao? — ci?ia no?oeoo?e
i?aei?e?inoaa e iia’ycai? ?c oeei ia ?aeaaaioi?, iai?aeeiio?ieuei?
aeo?aoe ia aieeaathoue ia ?acoeueoao ii??aiyiiy;

— oaaaa aei oa?aeoa?o iiaiaeaeaiiy aeo?ao caeaaeii a?ae ianyao.

Aieiaia ia?aaaaa iae?eo ii nenoai? «aee?aeo-einoeia» iieyaa? a iiae?e?
aeo?ao ia ci?ii? e iino?ei?. Oea aeicaieeoue ae??ooaaoe oae?
iaeaaaeeea?o? caaaeaiiy ea?oaaiiy aeo?aoaie, ye:

— ii??aiyeueiee aiae?c i?eaooeiaino? ??cieo aeae?a i?iaeoeoe??;

— aecia/aiiy e?aiee aaccaeoeiaino? e caiano o?iainiai? i?oeiino?
i?aei?e?inoaa e ?i.

Iae?e aeo?ao ii nenoai? » aee?aeo-einoeia» a?ae?a?a? iaeaaaeeea?oo ?ieue
o ea?oaaii? aeo?aoaie. O oie aea /an iiai?noth a?aeiiaeoeny a?ae iae?eo
ii nenoai? «aaci?ioai-einoeia» ia iiaeia, ine?eueee a?i a?aeiia?aea?
aeiiaai oe?a?inueeiai caeiiiaeaanoaa e iiaea? aaaeeeao ?ioi?iaoe?th aeey
i?eeiyooy ?yaeo oi?aae?inueeeo ??oaiue.

Aeniiaie

Ae?iaie/a i?aeoeea i?ioiaeeea ia CAI EA « I?eaaoaaie».

CAI EA « I?eaaoaaie» i?aoeth? ia oe?a?inueeiio ?eieo c 1992 ?ieo. Ca
ia??iae ?iaioe aaie coi?a caaithaaoe oe?iea eiei iino?eieo ee??io?a, ?
oni?a naaa ca?aeiiaiaeoaaoe ye iaae?eiee ia?oia? o a?cian?. Ca ?iee
?iaioe iineoae aaieo oni?oii ei?enooaaeeny iiieoii, ui iieacothoueny
oaeeie aeaieie:

1. A?eueo i?ae 40% ee??io?a aaie?a, ye? ioi?ieththoue e?aaeeo ia iieoieo
iiaooiai? oaoi?ee, ei?enoothoueny e?aaeeoieie i?ia?aiaie I?eaaoaaieo.

2. Iineoaaie I?eaao aaieo ei?enoothoueny 26% ee??io?a, eio?? ?iaeyoue
iai?i aaetho.

3. 27,8% on?o ee??io?a aeaiiceoieo i?ia?ai ei?enoothoueny iineoaaie
I?eaaoaaieo.

O eiiiai?? i?aoeth? ae?oaei?e eieaeoea i?ioan?iiae?a, aieiaiee i?eioeei
eio?eo – ee??io caaaeaee i?aaee. I?aei?e?inoai i?aoeth? iia?eueii ?
oaeaeei ?aaao? ia etha? ci?ie ?eieo oa iio?aa nai?o ee??io?a. O
I?eaaoaaieo iino?eii aaaeaoueny iie?auaiiy iineoa, ui iaaeathoueny.

I?eaaoaaie ia? aaia?aeueio e?oeaic?th Iaoe?iiaeueiiai aaieo Oe?a?ie ia
i?iaaaeaiiy aaie?anueeeo iia?aoe?e oa cae?enith? aanue niaeo?
aaie?anueeeo iineoa, ye? ? ia a?o/eciyiiio ?eieo, c ianeoaiaoaaiiy
ei?ii?aoeaieo oa i?eaaoieo ee??io?a a?aeiia?aeii aei i?aeia?iaeieo
noaiaea?o?a. Aeiaaino?ieiaee ?ioa?an ee??ioa – aieiaiee i??i?eoao o
?iaio? aaieo. C ee??ioaie i?aoeth? aenieieaae?o?eiaaia eiiaiaea
niaoe?ae?no?a oa ia?niiaeuei? iaiaaeaea?e, ye? ianooue
a?aeiia?aeaeuei?noue ca caaacia/aiiy ye?niiai ianeoaiaoaaiiy, iia?aoeaia
oa oi/ia caaeiaieaiiy iio?aa ee??ioa. I?iaiaey/e iine?aeiaio iie?oeeo
oe??ieaiiy noaa?eueiino? aaieo oa aaeineiiaeaiiy yeino? ianeoaiaoaaiiy,
I?eaaoaaie aaaaea? iaeiei c i??i?eoaoieo iai?yi?a nai?? ?iaioe ?icaeoie
eiiieaeno no/anieo iineoa aeey ?iaeea?aeoaeueiiai ee??ioa. Iniiaiith
oe?eeth I?eaaoaaieo ? ca?eueoaiiy e?eueeino? iino?eieo oa caeo/aiiy
iiaeo ee??io?a.

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