Simov Dragan, Zavrsni Rad

8/8/2019 Simov Dragan, Zavrsni Rad

1/67

WAS@OH O@LH UH Y@SL@WM^ NO@M@KAE^

A YRND^UNTMATW@BN@FRHD

UHWRMA RHD

St~dnmt5Drhfhm Sak`w

293+924+9:

Bn`frhd, e~l, 2989-


2/67

WAS@OH O@LH UH Y@SL@WM^ NO@M@KAE^

A YRND^UNTMATW@BN@FRHD

UHWRMA RHD

AMWNSTACA@MA A YNMUAESOA G@MDM@WA AMSTAT^CA@MHLMA AMWNSTAT

MH TRAT^ RNY^BLAON SRBAEN

Knmt`r5 St~dnmt5Yr`g- dr F`rhm Owrfa Drhfhm Sak`w

293+924+9:

Bn`frhd, e~l, 2989-


3/67

Km`fa tno ohdh ym~ dh amwnstarhe~ m`whca aso~sn yrwn d`baton ala f~baton, yrakn~e~ o`lao` ~ stwhra mn yùmhe~ shka snbn-Yrakn~e~ o`lao` s~ y`jlnyma a snbama,o`lao` s~ syrnkma dh sn drn swèaj `dl~oh,o`lao` s~ yrnwrtleawa a mny`stèhma-

Dr Sl`b`dhm Sl`wa ,Tn`raeh amwnstarhmeh, Bn`frhd 299:- f`damn

K`ntn bata klhda bnu m`wchhla mn k`ntn bata sthra bnu menfh-

Tnmmnssnn Vallahks, yashcSorh nma yr`synct DYG Rhaggnasnm G^T^RN,

Bn`frhd 2989- f`damn

AA


4/67

SHDRHE5Strhmh

Jr`m`l`faeh yraohuh dhtaj ~ rhd~------------------------------------------- AW

^W@D-------------------------------------------------------------------------------------------------------- 88- AMWNSTACA@MA G@MD@WA------------------------------------- 48-8- Mhn òr~nmen------------------------------------------------------------------------------- 78-2- Uho`msoh rnf~lhtawh wnuhmh uh AG ~ Rny~blaca Srbaea--------------- 6

8-2-8- @tw`rnma amwnstaca`ma g`md`wa---------------------------------- 18-2-2- Uhtw`rnma amwnstaca`ma g`md`wa--------------------------------- 89 8-2-8- Yrawhtma amwnstaca`ma g`md`wa-------------------------------------- 88

8-3- Amwnstaca`ma g`md`wa ~ Rny~blaca Srbaea------------------------------------ 828-3-8- Wnlaoa y`ntma yram`sa AG----------------------------------------------- 8>8-3-2- Drhstahm yhd ak`wamn AG------------------------------------------------- 868-3-2-8- Au~untho AG JQY@ Bhlhmcn----------------------------------------- 818-3-3- Sthbalauhcaeh trath a `twhrhmen m`waj AG-------------------- 28

2- YNMUAESOA G@MD@WA----------------------------------------------- 232-8- Mhn òr~nmen------------------------------------------------------------------------------- 272-2- Uho`msoh rnf~lhtawh wnuhmh uh DYG ~ Rny~blaca Srbaea--------------------- 2:

2-2-8- Y`rnson `lhoacn uh ~ylhtn ~ DYG-------------------------- 322-2-2- ^l`fh MBS ~ rhd~ DYG+h------------------------------------------ 33

2-3- Rhd DYG+h ~ Rny~blaca Srbaea-------------------------------------------- 3>2-4- Yr`blnka DYG+h ~ Srbaea----------------------------------------------------------- 3:2->- K`tawhcaeh uhlhmstw` ~ DYG-------------------------------------------- 49

3- UHOLEHO ---------------------------------------------------------------------------------------------- 4>4- LATNRHT^RH------------------------------------------------------------------------------------------- 41

Yralùa5Yral`f 85 Owhlatnt uho`msoaj yr`yash ` trat~ J@W Srbaeh *299>-!, y` knt`d`l`faea NBRD a A@SC@------------------------------------ >7

Yral`f 25 Fn`frhgsoh a str~ot~rmh dawnrsagaohcaeh `drnnm`f yrawhtm`f amwnstaca`m`f g`mdh------------------------------------- >6

Yral`f 35 Yhd amdnosh BNLNZ8> uh yrablam` 469 y`nmh *ò` 29.!~ ynra`d~ 96-+ 22-88-2996- f`damn---------------------------------- >:

Yral`f 45 Auwnthe `tw`rnm`f amwnstaca`m`f g`mdh JQY@ Bhlhmcnuh knsnc gnbr~hr 2989- f`damn------------------------------------- >1

Yral`f >5 Shsthw amdnosmn o`ryn BNLNZ8>, yrnkh rnwauaea `d 38-93-2989- f`damn---------------------------------------------------------------------------------------79

Yral`f 75 nsmaca mh trat~ D`br`w`lemaj ynmuaesoaj g`md`wh~ Rny~blaca Srbaea mh dhm 38-93-2989- f`damn------------------------------------------------------------------------------78

AAA


5/67

Jr`m`l`faeh yraohuh dhtaj ~ rhd~5

Strhmh

Yraohu 85 Rnlhtawm` ~nn gamhmsaesoaj y`srndmaoh ~ ~o~ymè hotawa SHD,~ ynra`d~ `d 8179- d` 2994- f`damn *~ .!---- 4

Yraohu 25 ô~ymh hotawh 29 mhewnaj ~yrhwlehh AGmh dhm 38-82-2996- f`damn, ~ Klrd$------- >

Yraohu 35 Y`rtg`la` JSBC Fl`bhl Amwnstknmt G~mds Amdahm Nx~atq,a menf`w wlhsmaoa ~dn` ~ o`kyhmaehkh mh Amdaeso`k trat~------- 7

Yraohu 45 Yrnflnd amwnstaca`maj g`md`wh sh `d`brnmenk uh rhd ~ Rny~blaca Srbaea,sh meaj`wak sm`wmak y`dhcakh, mh dhm 38-93-2989- f`damn--------- 83

Yraohu >5 ^y`rndmh wrndm`st amwnstaca`maj endamach `tw`rnmaj AG ~ Rny~blaca Srbaea,mh ynto~ rhdh a mh dhm 38-93-2989- f`damn,

yraohuhmh orù damhr a wr`, a ~ yr`cnmtakh----- 84 Yraohu 7 5 Wrndm`st amwnstaca`maj endamach `tw`rnmaj AG ~ Rny~blaca Srbaea mh dhm

38-93-2989- f`damn sh . ynra`damak yr`knmhkh ~ y`slndmeaj 7 khsnca-----8> Yraohu 6 5 Ornthmen wrndm`sta amwnstaca`maj endamach `tw`rnmaj AG

*aurhnm` ~ damhrakh! `d `smawhmeh d` snytnkbrh 299:- f`damn---- 87 Yraohu : 5 Yrnflnd khosakhlmaj wrndm`sta amwnstaca`maj endamach `tw`rnmaj AG

`sm`whmaj 2996- a 299:- f`damn, aurhnm` ~ damhrakh a wrakh,a meaj`w khosakhlma yram`s----------- 87

Yraohu 15 Ornthmen wrndm`sta a ~o~ym`f brèh amwnstaca`maj endamach`tw`rnmaj AG *aurhnm` ~ damhrakh! 2996-+2991- f`damh------------ 86

Yraohu 895 Owhtrhlm` ornthmen wrndm`sta ak`wamn `tw`rnmaj AG*aurhnm` ~ wrakh! AW 2996-+ A 2991- f`damn---------- 8:

Yraohu 885 Ornthmen wrndm`sta amwnstaca`maj endamach yrw```tw`rnmaj AG~ Rny~blaca Srbaea `d `smawhmeh d` 38-93-2989-f damn, ~ damhrakh------- 81

Yraohu 825 ^y`rndma yraohu oraw~len wrndm`sta amwnstaca`mn endamacn AG JQY@ Bhlhmca amdnosh BNLNZ 8> uh ynra`d 2:-96-299:- 38-93-2989- f`damn------- 29

Yraohu 835 ^y`rndma yraohu oraw~len wrndm`sta amwnstaca`mn endamacn g`md`wh`~whmeh wrndm`sta ak`wamn, `d `smawhmeh d` 38-93-2989- f`damn----- 28

Yraohu 845 Mhewnaj 29 drhwmaj a yrawhtmaj ynmua`maj g`md`wh ~ swnt~299:- f`damn, ~ Klrd$---------- 24

Yraohu 8>5 ô~ymh hotawh YG auhbrhmaj unkhleh @NCD oh` . BDY, 299:- f`damn------------------2>

Yraohu 87 5 Yrnflnd 89 mhewnaj ~lhfhmeh m`rwno`fF`wnrmknmt Ynmsa`m G~md +h~ rhulaatn J`W ~ yrw`k owhrthl~ 2989- f`damn-------- 27

AW


6/67

Strhmh

Yraohu 86 5 Rhulaon aukn~ d`br`w`lem`f ynmuaeso`f `saf~rhmeh a DYG+h------------- 21 Yraohu 8: 5 Yr`yashmh `frhmanmeh ~lhfhmeh ak`wamn DYG ~ RS

mh dhm 38-93-2989- f`damn-- --------------- 32 Yraohu 815 Yraknr `brh~mh yr``snm`f LD uhy`slnm`f ~ Rny~blaca Srbaea uh khrt

2989- f`damn a `brh~mh sh ~ohlo~lashmak `lhoachkh uh ~ylht~ ~ DYG----------33 Yraohu 295 Wlhsmaoh str~ot~rh `smawhh DYG a meaj`wh `sm`wmh dnlhtm`st------------------ 37 Yraohu 285 Str~ot~rh ak`wamn ~ snot`r~ DYG ------------------ 37 Yraohu 225 Yèndamhmh yr`cnmt~hlmh dawnrsagaohcaeh y`rtgnleh DYG ~ Rny~blaca Srbaea

mh dhm 38-93-2989- f`damn-- --------------- 36 Yraohu 235 Ornthmen wrndm`sta G@MDnz+h a mnt` ak`wamn DYG+h

`d y` ntoh y`sl`whmeh--------------- -------------- 3: Yraohu 245 Jr`m`lòa mhsthmho DYG+h a meaj`wa ole~ma kn~f`damea yòhuhtnlea----------31 Yraohu 2>5 Yraknr ~lhfhmeh ~ DYG a aum`sa yr`frhkarhmn asylhtn uh rhulaatn `dm`sn

f`dameaj yram`sh a mhomhdh a daehfrhk mhomhdh DU^DYG------------- 48 Yraohu 27 5 @dm`s yr`snm` asylhnmaj uhrhdh a ynmuaeh ~ .,

uh ynra`d 2998- 2989- f`damh------------- -------------- 42 Yraohu 26 5 Brè ynmua`mnrh, aum`s yr`snmn knsnmn asylhtn, adm`s yr`snm` asylhnmaj

uhrhdh a a ynmuaeh ~ . uh y`dohtnf`rae~ sthr`sma, uh 2989- f`dam~-------------- 43 Yraohu 2: 5 ^ylhtn d`yram`sh ~ DYG yrnkh dnlhtm`sta ~ylhtalhch,

mh dhm 38-93- 2989- f`damn--------------------------------------------- 44

W


7/67

^W@D

^ òwar~ dr~twnm`+no`m`kso`f sastnkh swhon drhwn y`snbm` knst` uh~uakh

yrawrndma sastnk, oèa en ~ tnsmè syrnua sh gamhmsaesoak sastnk`k- Gamhmsaesoa sastn8

enshsthwlenm `d wan nlnknmhth oèa trnbh dh `k`f~n mnsknthm tò gamhmsaesoaj srndsthwhaukn~ rhulaataj fr~yh a s~benohth ~ yrawrnda, `dm`sm` y`wnuawhmen `maj oèa akhe~ wasl`b`dmaj srndsthwh sh s~benotakh oèakh `drnnmh srndstwh mnd`sthe~-

Rhuwaenm`st gamhmsaeso`f sastnkh endmn drhwn k`n sn yrhtata yrno` rhuwaenmmenf`waj mhewhmaeaj nlnkhmhth gamhmsaesoaj trath, gamhmsaesoaj amstat~caeh a gamstr~knmth-

Rhuwè gamhmsaesoaj trath ~ mheamd~straehlau`whmak unklehkh uhjtnwh`~mhyrnnmen gamhmsaesoaj amstat~caeh yralhf`nmaj yrwnmstwnm` y`trnbhkh amwnstat`rh, hla a y`trnbhkh o`rasmaoh ohyathlh- Mhetayamaea yrndsthwmaca `waj klhdaj, hla wn`kh ngaohsmajamstat~caeh mh gamhmsaeso`k trat~ s~ swhoho` amwnstaca`ma g`md`wa2- @ma sn dhmhs skhtrhe~mhey`f`dmae`k g`rk`k uh k`balauhcae~ ~satmenmn, dasynruawmn tndmen sthm`wmatwh angaohsm~ hlòhcae~ ~ yr`gathbalmn ylhskhmn mh trat~ ohyathlh- Tho` wnlaoa yralaw ohd`wn` aj en ~ shk wrj amstat~ca`mhlm`f amwnstarhmeh3 mh gamhmsaeso`k trat~, y`f`t`w~ ohdh en ~ yathme~ amwnstarhmen ~ o`ry`rhtawmn hocaen, `dm`sm` mh knsth fdn sn `no~en mhewna yrarhst ohyathlh, bal` dh en rn ` trat~ rhuwaenmaj, mnrhuwaenmaj ala unklehkh ~ trhmuacaea-

Mhh arh ehwm`st sn sh amwnstaca`mak g`md`wakh ~yùmhlh 2993- f`damn ohdhl`md`msoaShlg`rd o~ya` Aklno, h uhtak a dr~fn klnohrn S~b`tao~, M`w`shdso~,Unk~mso~ a uhenhrsoa Akyhu- ^slndalh en o~y`wamh a dwn o`mdat`rson amd~straen wnnf Bhkbaeh a khmenf Bhmhth, h uhtak, a Omehuh Kal`h a Howh Wawn-Shlg`rd en~ mhak yralaohkh d`ba` a d`dhtm` akn D~mhw jrhmh fr~yh, t` ba k`fl` dh ~ohn dh k~ en cale rnfa`mhlmh nosyhmuaeh ~ yrnjrhkbnmè amd~straea- Kn~tak, ehsm` en dhShlg`rd maen~lhfh` dh ba uh~wno `sth` ~ y`knm~tak o`kyhmaehkh, wndh ba aj ~mhyrnda`, y`wnh` akwrndm`st a mh orhe~ yr`dh`, `stwhr~e~a srndme`r`ma yr`gat `d ò` noawhmaj 2>.f`damen-

L`fam` en `mdh uhyathta sn uhr maen mnoa mh g`md k`fh` dh ~rhda t` ast`0 @df`w`r en endm`sthwhm o`lao` a bauhrhm ~ t` wrnkn maen y`stèhlh uho`msoh rnf~lhtawh `rfhmau`whmen ma amwnstaca`maj, ma ynmua`maj g`md`wh, t` en a uhole~nm` 299>- f`damn ~

8Nra, D-5 Gamhmsaesoh trath a amstr~knmta ,afèh thkyh, Bn`frhd, 2993- str :+8>2 ~oa, -, Benlach, W a Rasta-5Bhmohrstw`,~f~rh Yramt, Bn`frhd, 2993- str- 24-

3 B~raU-5Amstat~ca`mhlma amwnstat`ra mh gamhmsaeso`k trat~, thkyh M`wa D`k, Bn`frhd, 811:- str- 1-

8


8/67

endmè hmhlaua uh dò~knmt yùmht y`d mhuaw`k NBRD4 + Strhtnfaeh uh Srbae~ *wadnta yral`f 8 !, oèa en ~bruh` d`m`nmen uho`mson rnf~lhtawn yrw` uh ynmuaeson *299>- f`damn! y`t`k a uh amwnstaca`mn g`md`wn *2997- f`damn!-

Ohdh s~ ~ yathme~ ynmuaesoa g`md`wa, strhmh aso~stwh yòhu~e~ dh asta k`dn ynmuaeso`f `saf~rhmeh d`m`sn rhulaatn rnu~lthtn ~ rhulaatak drhwhkh a dh endamstwnm`ffl`bhlm`f rncnyth mnkh- Sh y`b`lehmenk ~sl`wh aw`th a rhdh a mnfhtawmakdnk`frhgsoak trnmd`wakh, mherhuwaenmaen unklen yrwn s~ sn s~àln sh yr`blnk`kgamhmsarhmeh ynmuaeh au tno~nf yralawh, t` en mhtnrhl` uho`m`dhwcn dh amtnrm` aumh~d`batm~ g`rk~l~ yralao`k rnwauaen s`yntwnmaj ynmuaesoaj sastnkh- Oho` t` yathmen ehouhdarn ~ s`caehlm~ sgnr~, h ast`wrnknm` ~fr`hwh drhwmn gamhmsaen, `m` dhmhs yrndst eho hrf~knmt ~ y`lataoè b`rba uh wlhst, ast`wrnknm` `bhwnu~e~a uho`m`dhwch dh stw`rarnhlm` `stwhrleaw, s`caehlm` `df`w`rhm a kn~fnmnrhcaesoa yrajwhtleaw ynmuaesoa sastnk, oèan ast`wrnknm` rhstnrntata ehwmn gamhmsaen- ^ t`k skasl~ en a ~ Rny~blaca Srbaea ornmrng`rkh ynmuaeso`f sastnkh, uho`mso`k rnf~lhtaw`k au 2998-, 2993- a 299>- f`damn, ohdhs~ a ~sthm`wlenma yrawhtma ynmuaesoa g`md`wa, uhsm`whma mh mnlakatarhmak d`yram`sd`y~msoa wad ynmuaeson tndmen-

amenmach dh s~ a amwnstaca`ma a ynmuaesoa g`md`wa `dso`rh yras~tma mh gamhmtrat~ Srbaen `yrndnlalh en knmt`rh, Yr`g- dr F`rhmh Owrfah, dh ka ~ohn yralao~ dh

`bendamak stnnmh umhmeh au rhulaataj `blhsta no`m`kson mh~on oèh shk stnoh` tò`ko`l`whmeh, a ~yrhw` meaj `brhdak oh` tnk~ Uhwrm`f rhdh mh Wasòè o`la uh y`sl`wmno`m`kae~ a yrnd~untmatw` au Bn`frhdh-

Rhd y`d mhuaw`k Amwnstaca`ma a ynmuaesoa g`md`wa m`wa amstat~ca`mhlma ammh trat~ Rny~blaon Srbaen rnu~ltht en wanknsnm`f astrhawhmeh, hmhlaun a rhdh, yralao`knfh s~ mhsthehln brèmn tno`n, `d oèaj s~ mhewnn5

+ dh sn `bn wrstn g`md`wh ~jwhtn ~ asta wrnknmsoa j`rau`mt, oèa ~ rhukho~ `d

shk` mno`lao` dhmh ala mndnleh k`n y`ty~m` yr`knmata ~lhumn yhrhkntrnsoacarhmn yrn y`ntoh aulhfhmeh?

+ dh sn, ~slnd mnd`sthtoh d`dhtmn latnrht~rn, y`snbmh yhmeh y`swnta yr`~hwhme~ hot~nlmaj uho`mh a y`duho`msoaj hohth wnuhmaj uh calehm~ tnk~

4 N~r`ynhmBhmo g`r R nc`mstr~cta`m hmdDnwnl`yknmt + Nwr`ysoh bhmoh uh `bm`w~ a rhuwè, `sm`whmh kheh8119- f`damn sh calenk `lhohwhmeh trhmuacaen sndhk cnmtrhlm`+ylhmsoaj no`m`kaeh bawaj s`caehlasoajRny~blaoh *B~fhrsoh,nj`sl`whoh, Khhrsoh, Y`lesoh, R~k~maeh, SSSR a SGRE! mh tram~ no`m`kae~-St~daeh- ^ y`knm~tè st~daea uhole~nm` en dh en mhh unkleh mhy`lh ~shflhnmh sh calenwakh a mhnlakhrnf~lhtawn ` jhrtaehkh `d wrndm`sta oèn `behwle~en A@SC@ *Kn~mhr`dmh `rfhmauhcaeh o`kasaeh uh jhrtaen `dwrndm`sta!- @wh `cnmh en `toralh dh s~ flhwmn slhb`sta ~ snot`r~ Uhendmaoa amwnstaca`ma ylhm`wa, y`t` ~wrnkn yr`cnmeawhmeh maen bal` maendm`f o`morntm`f uho`mso`f dò~knmth oèa sn bhwa` tak yathmenk

2


9/67

oh` a aso~stwakh au unkhleh ~ mhnk òr~nme~, h mhràt` rhdmakdò~knmtakh Swntson bhmon a rhumaj amtnrnsmaj fr~yh, yrwnmstwnm` wnuhmauh ynmuaeson g`md`wn, haea brè maen khla-

Shk rhd n akhta tra dnlh- ^ yrw`k dnl~n bata rna ` amwnstaca`mak g`md`wakh~`ytnm`, sthme~ ~ mhnk òr~nme~, uho`msoè rnf~lhtawa oèh rnf~lan meaj`w rhrnu~lthtakh oèn s~ y`stafla `d `smawhmeh d` 38-93-2989- f`damn- Dr~fa dn` rhdh ban y`swnnm d`br`w`lemak ynmuaesoak g`md`wakh mh mham slahm yrw`k dnl~, ~u y`snbhm`swrt mh ~l`f~ Mhr`dmn bhmon Srbaen oh` rnf~lht`rh a s~ynrwau`rh meaj`w`f rhdh, a y`snbmnhmhlaun yr`blnkh yras~tmaj ~ meaj`w`k rhd~ a k`f~aj bnmngath o`d thow`f tayh ynmuaesontndmen, dò n trna dn` bata y`swnnm uhole~mak rhukhtrhmeakh wnuhmak uh yrntj`dmàul`nm`-

3


10/67

8- AMWNSTACA@MA G@MD@WA

Akhe~a ~ wad~ yr`knmn oèn s~ sn y`slndmeaj yndnsnt f`damh d`f`daln mh

mherhuwaenmaeak gamhmsaesoak tratakh, yrwnmstwnm` ~ SHD, h oèn sn `flndhe~ ~ auknstr~ot~ra amstat~ca`mhlmaj amwnstat`rh ~ ~o~ymè hotawa, ehsm` en dh amwnstaca`ma gdhmhs yrndsthwlehe~ wn`kh umhhehm ~dn` ~o~ym`f gamhmsaeso`f trath *yraohu 8!-

Yraohu 85 Rnlhtawm` ~nn gamhmsaesoaj y`srndmaoh ~ ~o~ymè hotawa SHD, ~ ynra`d~ `d8179- d` 2994- f`damn *~ .!

Auw`r5 L~a, Le- *299:!5 Amwnstaca`ma g`md`wa sh `swrt`k mh Uho`m ` amwnstaca`mg`md`wakh Rny~blaon Srbaen,hs`yas Gamhmsaen br- 7 299:, Bn`frhd, str-882-

Yrntn~ k`dnrmaj amwnstaca`maj g`md`wh mhlhuak` e` dhlnon 8:22- f`damn ~J`lhmdaea>- Mhesthraeh amwnstaca`mh o`kyhmaeh, G`rnafm ' C`l`mahl amwnstknmt Tr~st ,g`rkarhmh en 8:7:- f`damn ~ L`md`m~ *meaj`wn hocaen sn `d 81:6- f`damn rnd`wm` o`tarhe~mh Tòaesoè bnrua!, dò en yrwa `tw`rnma g`md g`rkarhm ~ Hknraca 8124- f`damn7- ar`kNwr`yn amwnstaca`ma g`md`wa sta~ y`y~lhrm`st sndhkdnsntaj f`damh yr`l`f wnoh, hdnwndnsntaj f`damh sn `smawhe~ a ~ unklehkh ~ trhmuacaea- ^ meakh en dhmhs so`mcnmtrknfh ohyathl, oèa ub`f shkn yrar`dn swèn `yl`dmen, wn`kh bru` knmeh lòhcae~, y`skhtrhe~a swnt oh` fl`bhlm` tratn *yral`f 2!-

Aho` mn y`stèn yrncauma y`dhca, yrnty`sthwleh sn dh dhmhs ~ swnt~ y`stèa ò`79-999 amwnstaca`maj g`md`wh- Yrnkh yr`cnmhkhVhts`m Vqhtt amstat~th uh fl`bhlmn

> Auw`r5 Nra, D-, catarhm` dnl`, str- 27-7 Yrwa k`dnrma `tw`rnma amwnstaca`ma g`md ba` enKhsshcj~sntts Amwnst`rs Tr~st sh y`rtg`la`k `d 4> hocaeh ahotaw`k `d >9-999 ^S$- @whe g`md ~wn` en o`mcnyt oèan ~wnsta yrhw~ rnw`l~cae~ ~ amwnstarhmen aamwnstaca`mn o`kyhmaen5 o`mtam~nlm` yr`dhwhmen m`waj hocaeh a `to~yleawhmen hocaeh oèn k`f~ ~w yr`dhtn yrnkh trnm~tmè wrndm`sta hotawn g`mdh- G`md a dhmhs y`sl~en, y`d aknm`kSthtn Strnnt Rnsnhrcj a~yrhwleh sh sndhk g`md`wh ~ oèakh ~dnln k`f~ o~y`whta swa amwnstat`ra bnu rhulaon-

4


11/67

amwnstacaen, wrndm`st ak`wamn mhewnaj >99 amwnstaca`maj g`md`wh6 ~ swnt~ mh orhe~ 2996-f`damn aum`salh en 71,4 jalehdh kalaehrda ^S$: , `d nfh shk` mhewnaj 29 ~yrhwlehhhotaw`k amwnstaca`maj g`md`wh y`snd~en ~o~ym~ hotaw~ `d 27 jalehdh kalaehrda ^S$, oh` en yraohuhm` ~ yraohu~ 2-

Yraohu 25 ô~ymh hotawh 29 mhewnaj ~yrhwlehh AG mh dhm 38-82-2996- f`damn, ~ Klrd$

Auw`r5 Mh `sm`w~ Ynmsa`ms ' Amwnstknmts Vhts`m Vqhtt V`rld >99 rhmoamf, Fl`bhamwnstknmt khttnrs 2991, Vnstkamstnr, L`md`m, 2991, y-46-

Ho` ~uknk` ~ `buar dh en ubarma swntsoa FDY tn astn f`damn aum`sa` >4,4 jalehdhkalaehrda ^S$1, ehsm` en dh s~ k`dnrma AG alh o~chwach a yòrnth yrawrndm`f rhsth ~ swnt~-Wnamh AG en sh k~ltamhca`mhlm`f yrnlh mh trhmsmhca`mhlma maw`, `twhrhe~a swèn hgalaehcaenmh dr~fak o`mtamnmtakh,akn s~ y`sthla knsth fl`bhlmn ka89- Mhwnnk` yraknr AG

JSBC Fl`bhl Hssnt Khmhfnknmt *Samfhy`rn! Lakatnd oèa y`sl~en mh Amdaeso`k calem`ktrat~ ~ òwar~ j`ldamfh JSBC88, aen en sndatn ~ L`md`m~- Hotawh `w`f g`mdh yr`cnmenmh

6 ^ dhlenk tnost~ sl~ank` sn sorhnmac`k AG-: Auw`r5 Vhts`m Vqhtt5 Fl`bhl amwnstknmt khttnrs 2991, Vnstkamstnr, L`md`m, 2991, y-4>-1 Auw`r5 Amtnrmhta`mhl K`mnthrq G~md, V`rld Nc`m`kac @~tl`ò Dhthbhsn, Hyral 2991-89 Uh SDA, y`trnbmn o`lao` rhuwaenmak, t`lao` mnrhuwaenmak a unklehkh ~ rhuwè~, s~ khj`k `df`w`rma AGY`rnd t`fh, wna brè g`md`wh akh uhendmaon y`sl`wn sh Swntso`k Bhmo`k `bnubn~e~a eè ohyathl oèh `mh yùhekle~en slhbaen rhuwaenmak unklehkh uh mn`yj`dm` gamhmsarhmen amgrhst~ot~rmaj rhd`wh a d yr`gathbalmaj yrènohth-88 @sm`whmh dhlnon 8:7>- f`damn oh` TjnJ `mfo`mf hmdSjhmfjhaBhmoamfC`ry`rhta`m, dhmhs sh sndatnk~ L`md`m~, `wh gamhmsaesoh amstat~caeh uhy`lehwh 399-999 le~da ~ :-999 galaehlh ~ :: unkhleh ar`k

>


12/67

en mh 7,2 kalaehrda ^S$82, h menf`w amwnstaca`ma y`rtg`la`83 amn wlhsmaoa ~dnla ~ rhulaatak yrawrndmak frhmhkh oh` t` s~ mhgtmh, jnkaesoh a h~t`k`balsoh amd~straeh, bhmohrstw`tnlno`k~maohcaen- @whe g`md y`snd~en :,4. o`kyhmaenCharm Nmnrfq Ylc, 6. o`kyhmaenS~u~oa Khr~ta Amdah, 7,:. o`kyhmaen Eamdhl Stnnl ' Y`vnr , >,:. o`kyhmaen JCLTncjm`l`fans atd, oh` t` sn wada mh yraohu~ 3-

Yraohu 35 Y`rtg`la` JSBC Fl`bhl Amwnstknmt G~mds Amdahm Nx~atq, a menf`wwlhsmaoa ~dn` ~ o`kyhmaehkh mh Amdaeso`k trat~

Auw`r5 JSBC Fl`bhl Hssnt Khmhfnknmt *J`mf O`mf! Lakatnd

Au mhwndnm`f yràualhua dh en `sm`wmh swrjh y`stèhmeh AG wna yram`s mh ~l`nmaohyathl `d olhsamaj `blaoh ~lhfhmeh ohyathlh *tndmeh ala o~y`wamh drhwmaj J`W!, ~ yrajwhtleaw rauao-

8-8- Mhn òr~nmen

Ohdh s~ ~ yathme~ unklen ~ mhnk òr~nme~, meaj ~ uhdmeaj dwhdnsntho f`damohrhotnra~ trhmuaca`ma yr`cnsa, `dm`sm` yrnlhuho sh cnmtrhlm`ylhmson mh trano`m`kae~- Ho` y`skhtrhk` unklen oèn s~ mhsthln rhsyhd`k SGR E~f`slhwaen k`nk`rna dh sn a o`d meaj trath ohyathlh ~bruhm` rhuwaehe~ mho`m yrawhtauhcaenaea sn o`mcnyt

d`sth rhulao~en `d unklen d` unklen- Mn ~lhuna ~ dnthlen o`mcnyhth yrawhtauhcaen a rhuwèhtrath ohyathlh, ~`leaw` en dh s~ mnon unklen d`mnln uho`mn ` AG yrn mnf` t` en t` ba`sl~he ~ Srbaea5

+ Sl`wnmaeh 8113,+ Jrwhtsoh yntho 8116,

Menmh hotawh mh dhm 38-82-2991- f`damn aum`salh en 2,374 klrd ^S$, sh f`dameak f~bato`k `d 88.- Auw`JSBC J`ldamfs ylc, Hmm~hl Rnwanv 2991, L`md`m 2989- 82

Auw`r5 JSBC Fl`bhl Amwnstknmt G~mds Amdahm Nx~atq, Gnb- 2989, avvv-hssntkhmhfnknmt-jsbc-c`k jo -83 Amwnstaca`ma y`rtg`la` yrndsthwleh so~y *kaos! swaj amwnstacaeh AG h shstèa sn `d onh, on amstr~knmhth,J`W a dr~faj gamhmsaesoaj amstr~knmth a hltnrmhtawmaj amwnstacaeh

7
http://www.assetmanagement.hsbc.com/hkhttp://www.assetmanagement.hsbc.com/hk


13/67

+ B`smh a Jnrcnf`wamh y`ntho 2999,+ Khond`maeh srndamh 2996,+ Crmh f`rh+ yntho 2996-

8-2- Uho`msoh rnf~lhtawh wnuhmh uh AG ~ Rny~blaca Srbaea

Uho`m`k ` amwnstaca`mak g`md`wakh *Sl- flhsmao RS, br- 47 2997! ~rn~en sn845 8! `rfhmau`whmen a ~yrhwlehmen `tw`rnmak AG2! `smawhmen a ~yrhwlehmen uhtw`rnmak AG3! `smawhmen a ~yrhwlehmen yrawhtmak AG

4! `smawhmen, dnlhtm`st a y`sl`whmen dr~twh uh ~yrhwlehmen AG>! y`sl`wa a d~m`sta ohst`da bhmon, ~ skasl~ `w`f uho`mh7! mhdlnm`st O`kasaen uh jhrtaen `d wrndm`sta6! dr~fh yathmeh `d umhheh uh `blhst AG-

Umhnmen `sm`wmaj yèk`wh wnuhmaj uh rhd AG en slndnn8>58! dr~tw` uh ~yrhwlehmen amwnstaca`mak g`md`wakh87 + yrawrndm` dr~tw` oèn `rfhmau~en,

`smawh a ~yrhwleh amwnstaca`mak g`md`wakh, ~ solhd~ sh uho`m`k?

2! amwnstaca`ma g`md + amstat~caeh o`lnotawm`f amwnstarhmeh ~ òwar~ oèn sn yrao~ylehe~~lh~ m`whmh srndstwh ~ rhulaatn wrstn ak`wamn sh calenk `stwhrnmeh yraj`dh askhmenmeh rauaoh ~lhfhmeh?

3! ohst`da bhmoh 86 + bhmoh oèh w`da rh~m AG a `bhwleh dr~fn ohst`da ~sl~fn uh rh~m AG, h~ y`flnd~ srndsthwh AG y`st~yh shk` y` mhlùakh DU^ oèa s~ ~ solhd~ sh uho`m`k a yr`synot`k AG?

4! lhm, `dm`sm` hoca`mhr AG + gauao` ala yrhwm` lacn mhaen akn s~ rnfastr`whmn

amwnstaca`mn endamacn, dm`sm` hocaen AG?>!amwnstaca`mh endamach8: + srhuknrma `brh~msoa ~dn` ~ ~o~ymè mnt` ak`wama AG?

84 lhm 8- y`knm~t`f Uho`mh-8> Abad,lhm 2-87 O`kylnthm syasho swaj dr~thwh uh ~yrhwlehmen amwnstaca`mak g`md`wakh *~ dhlenk tnost~ sl~ank` snsorhnmac`k DUÂG! , aknmh a dht~k ~yash AG, yrnkh `d`brnme~ O`kasaen uh J`W d` 2>-93-2989-f`damn, yrnunmt`whm en ~ thbnla -86 Syasho ohst`da bhmhoh oèn yrhtn DUÂG, yrnkh `d`brnme~ O`kasaen uh J`W, yrnunmt`whm en ~ astè thbnla8: Amwnstaca`mh endamach *~ dhlenk tnost~ AE! en ~dn` ~ ~o~ymè mnt` ak`wama `tw`rnm`f AG- Y`ntmh wrndm`st AEswaj `tw`rnmaj g`md`wh ~ Srbaea en endamstwnmh a aum`sa 8-999 damhrh,akn sn `k`f~ hwh ohsmaen ~y`rnawhmenmeaj`wn wrndm`sta aukn~ g`md`wh- Ohdh gauao` ala yrhwm` lacn ~là `drnnmh srndstwh ~ g`md `m uhyrhwò~y~en `drnnma brè AE- Mh `sm`w~ brèh AE oèn y`snd~en, amwnstat`r k`n swho`f dhmh dh aurh~mh wrndm`stsw`f ~l`fh ~ g`md~ oh` yràuw`d dmnwmn wrndm`sta AE a brèh AE oèn y`snd~en- Ohdh amwnstat`r nla dh yn

6


14/67

7! owhlagao`whm` ~ n n + y`snd~en lacn oèn en y`srndm` ala mny`srndm` akhlhc hocaeh,`dm`sm` dr~faj yrhwh mh `sm`w~ oèaj stan wan `d 89. ~nh ~ ohyathl~ ala flhshoaj yrhwh dr~f`f lach?

6! yr`synot 81 + `sm`wma dò~knmt, ~ dhlenk tnost~ sl~ank` sn sorhnmac`k AG oèa y`tnmcaehlmak amwnstat`rakh yr~h y`ty~mn a ehsmn amg`rkhcaen uh d`m`nmen `dl~~lhfhme~?

:! y`wnuhmh lach + yrhwmh lach oèh s~ kn~s`bm` y`wnuhmh ~yrhwlehmenk, ohyathl`k ala mhdr~fa mham, rhda y`stauhmeh uhendmaoaj y`sl`wmaj calenwh, tho` dh y`sl`whmen alarnu~lthta y`sl`whmeh endm`f lach k`f~ batm` ~tachta mh y`sl`whmen, `dm`sm` rnu~lthtn y`sl`whmeh dr~f`f lach-29

Ak`wamh AG k`n sn ~lhfhta ~2858! d~maon J`W oèn audhen Mhr`dmh bhmoh Srbaen, ~ solhd~ sh uho`m`k oèak sn ~rn~en

`rfhmauhcaeh a mhdlnm`st Mhr`dmn bhmon Srbaen?2! d~maon J`W oèn audhe~ Rny~blaoh, endamacn tnrat`raehlmn h~t`m`kaen a lòhlmn

shk`~yrhwn ~ Rny~blaca a dr~fh yrhwmh lach ~u fhrhmcae~ Rny~blaon, ~ solhd~ shuho`m`k oèak sn ~rn~en ehwma d~f?

3! J`W oèn audhe~ kn~mhr`dmn gamhmsaeson amstat~caen?4! d~maon J`W oèn audhe~ drhwnlhmacn N^, @NCD+h22, `dm`sm` s~sndmn drhwn,

oèakh sn trf~en mh `rfhmau`whmak tratakh ~ tak unklehkh?>! jay`tnohrmn bwnumacn oèn sn audhe~ mh tnrat`raea Rny~blaon?7! J`W oèn audhe~ yrhwmh lach sh sndatnk ~ Rny~blaca, oèakh sn trf~en mh

`rfhmau`whm`k trat~ ~ Rny~blaca?

dn` ala cnlò~yhm ~l`f au g`mdh, `m uhyrhw` yr`dhen swèn AE g`md~- Srndstwh oèhn k~ bata asylhnmh endmhoh s~ yràuw`d~ brèh AE a meaj`wn wrndm`sta mh dhm uhjtnwh ~khmenmn uh mhomhd~ uh `to~y *~odr~tw` mhylh~en!-81 Yr`synot en dò~knmt `tw`rnm`f ala uhtw`rnm`f AG, oèa sn yrn ~lhmenmeh ~ g`md amwnstat`r~ `bhwnum`

sthwleh mh ~wad- ^ menk~ sn mhlhun amg`rkhcaen `5 amwnstaca`m`k g`md~, dr~tw~ uh ~yrhwlehmen, mhotrò`wakh, oh` a dht~k~ audhwhmeh yr`synoth- Wn`kh en whm` dh swhoa y`tnmcaehlma amwnstat`r yràth arhu~kn shdrhe yr`synoth oho` ba ba` ~ y`ty~m`sta ~yùmht sh ~sl`wakh oèn g`md m~da oh` a rauacakh atrò`wakh ~lhfhmeh y`t` en `m ~endm` a ehwmh y`m~dh uh o~y`wam~ AE-29 Y`wnuhmak lacakh, ~ skasl~ `w`f uho`mh, skhtrhe~ sn a lach oèh s~ kn~s`bm` y`wnuhmh5+ oh lhm`wa y`r`dacn,+ tho` dh endm` lacn, `dm`sm` lach oèh sn skhtrhe~ y`wnuhmak lacakh uhendm`, y`srndm` ala mny`srndm~nstw~e~ ~ dr~f`k lac~,+ tho` dh ~ `bh lach ~nn akh ast` lacn, `dm`sm` lach oèh sn skhtrhe~ y`wnuhmak lacakh+ mh mham yr`yashm uh y`wnuhmh lach uho`m`k oèak sn ~rn~en yrhwma y`l`he yrawrndmaj dr~thwh,+ oh lhm`wa ~yrhwn ala mhdu`rm`f `db`rh alhm`wa y`r`dacn taj lach?28 Uho`m ` amwnstaca`mak g`md`wakh, Sl- flhsmao RS, br- 47 2997,lhm 21-22 @NCD en kn~mhr`dmh `rfhmauhcaeh oèh `b~jwhth 39 no`m`ksoa rhuwaenmaj drhwh-lhmacn @NCD+h s~H~strhlaeh, H~straeh, Ohmhdh, Rny~blaohnoh, Dhmsoh, Gamsoh, Grhmc~soh, Mnkhoh, Fr oh, Khhrsoh,Aslhmd, Arsoh, Athlaeh, Ehyhm, O`rneh, L~osnkb~rf, Knosao`, J`lhmdaeh, M`wa Unlhmd, M`rwnoh, Y`lY`rt~fhlaeh, Rny~blaoh Sl`whoh, yhmaeh, wndsoh, whechrsoh, T~rsoh, Wnlaoh Brathmaeh, a SHD-

:


15/67

6! J`W oèn audhe~ strhmh yrhwmh lach, oèakh sn trf~en mh `rfhmau`whm`k trat~ ~ Srbaea:! J`W oèn audhe~ yrhwmh lach sh sndatnk ~ drhwhkhlhmachkh N^, @NCD+h, `dm`sm`

s~sndmak drhwhkh, oèakh sn trf~en mh `rfhmau`whmak tratakh ~ tak unklehkh?1! dnyùatmn y`twrdn oèn audhe~ `wlhnmn bhmon sh sndatnk ~ Rny~blaca ala ~ drhwhkh

lhmachkh N^, dm`sm` @NCD+h mh sm`w~ dny`m`whmaj J`W?89! m`whmn dnyùatn ~ bhmohkh sh sndatnk ~ Rny~blaca `sm`whmak ~ solhd~ sh uho`m`k

oèak sn ~rn~en y`sl`whmen bhmhoh a dr~faj gamhmsaesoaj `rfhmauhcaeh?88! m`whmn dnyùatn ~ bhmohkh ~ drhwhkhlhmachkh N^, dm`sm` @NCD+h?82! gamhmsaeson dnrawhtn oèakh sn trf~en mh `rfhmau`whm`k trat~ ~ Rny~blaca?83! gamhmsaeson dnrawhtn oèakh sn trf~en mh `rfhmau`whm`k trat~ ~ drhwhkhlhmachkh

N^, dm`sm` @NCD+h?84! hocaen AG sh sndatnk ~ drhwhkhlhmachkh N^, `dm`sm` @NCD+h, ~o`lao` sn

meaj`wak hocaehkh trf~en mh `rfhmau`whm`k trat~?8>! hocaen uhtw`rnmaj g`md`wh sh sndatnk ~ Rny~blaca?87! hocaen hoca`mhrsoaj dr~thwh rnfastr`whmaj ~ Rny~blaca oèakh sn mn trf~en m

`rfhmau`whm`k trat~?86! mnyòrntm`sta oèn sn mhlhun mh tnrat`raea Rny~blaon-

8-2-8- @tw`rnma amwnstaca`ma g`md`wa

@tw`rnma AG mnkh swèstw` yrhwm`f lach-23

Kamakhlmh m`whmh srndstwh uh `tyàmehmen y`sl`whmeh `tw`rnm`f AG mn k`f~ batakhmeh `d 299-999 wrh24 ~ damhrsoè yr`tawwrndm`sta y` srndmenk o~rs~ Mhr`dmn bhmonSrbaen mh dhm ~ylhtn a k`rhe~ sn ~ylhtata mh rh~m o`d ohst`da bhmon ~ rò~ `d tra knsnch `ddhmh ~y~awhmeh ehwm`f yùawh uh o~y`wam~ AE-

@tw`rnma AG g~moca`ma~ mh yramcay~ AE,aea brè k`n bata mn`frhmanm- Amwnstat`ra~lhfhmenk srndsthwh ~ `tw`rnma g`md ~ stwhra o~y~e~ `drnnma brè AE t`f g`mdh- Ohdhamwnstat`ra nln dh y`w~o~ swèn ~l`fn au g`mdh `ma tàmn yr`dhe`k `drnnm`f brèh AE-

Ohdh g`md y`mn dh amwnstarh srndstwh yrao~ylenmh `d amwnstat`rh tò`k ynra`dh ehwmn y`m~dn, wrndm`st AE sn swho`dmnwm` aurh~mhwh a th wrndm`st sn swho`f dhmh knmeh-Wrndm`st AE sn aurh~mhwh ohdh sn mnt` wrndm`st g`mdh y`dnla brènk AE- Mnt` wrndm`st

23 Uho`m ` amwnstaca`mak g`md`wakh, Sl- flhsmao RS, br- 47 2997,lhm 42-24 Abad-

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16/67

ak`wamn g`mdh yrndsthwleh tram~ wrndm`st swaj jhrtaeh `d wrndm`sta oèn g`md y`snd~khmenm~ uh trò`wn g`mdh a mhomhdn oèn DU^ mhylh~en-

Yrnkh amwnstaca`m`k cale~, y`stènntara wrstn `tw`rnmaj g`md`wh52>

8! g`md`wa rhsth wrndm`sta ak`wamn *~lh~ mhekhmen 6>. swèn ak`wamn ~ wlhsmaon jhrtaen`d wrndm`sta!,

2! g`md`wa yraj`dh *~lh~ mhekhmen 6>. ak`wamn ~ d~maon jhrtaen `d wrndm`sta!,3! bhlhmsarhma g`md`wa *mhekhmen :>. swèn ak`wamn ~lh~ ~ wlhsmaon a d~maon jhrtaen, s

tak dh ~ m`whmn dnyùatn a d~maon jhrtaen ~lh~ mn khmen `d 3>. a mn wan `d 7>.ak`wamn!, a

4! g`md`wa `~whmeh wrndm`sta ak`wamn tuw-k`mnq khront g~mds *mhekhmen 6>. ak`wamn~lh~ ~ `bwnumacn a m`whmn dnyùatn!

8-2-2- Uhtw`rnma amwnstaca`ma g`md`wa

Uhtw`rnma g`md`wa ~ Rny~blaca Srbaea `rfhmau`whma s~ oh` hoca`mhrsoh dr~twh27 yhsn mh meaj yraknme~e~ a `drndbn uho`mh oèak sn ~rn~en tratn jhrtaeh `d wrndm`sta a`drndbn uho`mh oèak sn ~rn~e~ yrawrndmh dr~twh- @wa g`md`wa srndstwh yrao~ylehe

ehwm`k y`m~d`k hocaeh, h dhleh trf`wamh sn `bhwleh mh bnrua? `w` sn d`mnoln k`n~y`rndata sh amacaehlm`k ehwm`k y`m~d`k a trf`whmenk hocaeh mnon o`kyhmaen- T` umha dhuhtw`rnma g`md akh `drnnm brè hocaeh a ~ tn`raea khosakhlm` `m`lao` wlhsmaoh hocaeho`lao` a hocaeh, uh rhulao~ `d `tw`rnmaj g`md`wh oèa k`f~ akhta mn`frhmanm brèamwnstat`rh-

Kamakhlma ohyathl oèa en y`trnbhm uh `smawhmen uhtw`rnm`f AG en 299-999 wrh26 +`m k`rh bata ~ylhnm mh rh~m ohst`da bhmon yrn ~yash ~ rnfasthr AG- Mho`m `d`brnmeh oèno`kasaeh dhen mh yr`synot uhtw`rnm`f g`mdh, wra sn amacaehlmh ehwmh y`m~dh hocaeh htrf`wamh sn `bhwleh mh bnrua *`rfhmau`whm`k trat~! y` ~twr nmak yrhwalakh-

DU^ uhtw`rnmak g`md`k akh `bhwnu~ dh `behwle~en mnt` wrndm`st g`mdh y` hocaeamhekhmen endm`k knsnm`- Thon, swak hoca`mhrakh g`mdh sn d`sthwlehe~ nst`knsnmagamhmsaesoa auwnthea g`mdh sh kalenmenk nostnrm`f rnwau`rh2: -

2> Abad,lhm 2:- Y`t~e~a uho`mso~ rnf~lhtaw~, hla a calehmn y`tnmcaehlmnlhm`wn, amwnstaca`ma g`md`wa s~ ~Rny~blaca Srbaea rhulaat` `rfhmau`whma, t`n dnthlem` bata `brhnm~ ~ mhsthwo~ `w`f rhdh- 27 Uho`m ` amwnstaca`mak g`md`wakh, Sl- flhsmao RS, br- 47 2997,lhm >:-26

Abad,lhm 78-2: @w` d`m`sa d`dhtm~ daknmuae~ ornarhme~ wrndm`sta hocaen g`mdh, y`t` sn me`kn trf~en y` trawrndm`sta, a uh rhulao~ `d endamach ~ `tw`rnmak g`md`wakh th cnmh k`n `dst~yhta `d mnt` wrndm`sta g`mdh

89


17/67

Uhtw`rnmn AG oèa y`sl~e~ mh mhnk trat~ ~ solhd~ sh amwnstaca`m`k y`lataok`nk` y`dnlata mh5

+ G`md`wn oèa wan `d >9. wrndm`sta ~lh~ ~ jhrtaen `d wrndm`sta *J`W! oèakh sntrf~en mh `rfhmau`whm`k trat~ ~ rny~blaca ala bnruhmso`k trat~ ~ am`strhmstw~,

+ G`md`wn oèa wan `d >9. ak`wamn ~lh~ ~ hocaen hoca`mhrsoaj dr~thwh oèakh mn trf~en mh `rfhmau`whm`k trat~ a ~dnln `rthoaj, o`khmdatmaj a dr~thwh sh`frhmanm`k `df`w`rm`~- @wh wrsth uhtw`rnm`f g`mdh m`sa sh s`b`k a rauao oèa en wna`d yr`snm`f21, t` k`rh bata a mhflhnm` ~ menf`w`k yr`synot~, a

+ G`md`wn oèa ~lh~ wan `d 79. ak`wamn ~ mnorntmamn39- Mnorntmamn ~ oèn g`md~lhn swèh srndstwh yr`cnme~en `db`r dr~twh uh ~yrhwlehmen, oèa akh mhekhmen yr`cnmatnleh mh orhe~ swhon ohlnmdhrson f`damn, alann ~o`lao` rhst cnmh mnorntmamh mhkhl` yrnn 89.-

Uh rhulao~ `d `tw`rnmaj g`md`wh oèa ~ swho`k trnm~to~ `to~yle~e~ AE `damwnstat`rh, uhtw`rnma g`md`wa mn `to~yle~e~ swèn hocaen, `sak ~ sl~henwakh oèa s~mhwndnma ~ `smawho`k hot~- @d trnm~toh rhsyasawhmeh ehwmn y`m~dn swak hoca`mhrakh uhstachmen s`ystwnmaj hocaeh, y`m~dh wha mhed~n 8: knsnca, uh swn hoca`mhrn d` trnm~stachmeh mhwndnm`f brèh hocaeh- Y`m~nmh cnmh mn k`n dh b~dn wnh `d cnmn mnt`wrndm`sta y` hocaea-

8-2-3- Yrawhtma amwnstaca`ma g`md`wa

Yrawhtma AG s~ `rfhmau`whma oh` dr~twh sh `frhmanm`k `df`w`rm`~38 a y`sl~e~ y` `drndbhkh Uho`mh ` yrawrndmak dr~twakh- Meaj`w mham y`sl`whmeh rhulao~en sn a `d`tw`rnmaj a `d uhtw`rnmaj g`md`wh- @d `tw`rnmaj sn rhulao~e~ mheyrn y` t`kn t` ~ meak`f~ ~lhfhta shk` wnlaoa amwnstat`ra- Kamakhlma m`whma ~l`flhmh yrawhtm`f g`mdh mn

hocaea- Tho` sn hocaen uhtw`rnm`f AG k`f~ o~y`whta y` daso`mt~ *yr`dheh hocaeh y` wrndm`sta maè `d mwrndm`sta g`mdh! ala sn hocaehkh trf~en y` yrnkaea *cnmh wah `d wrndm`sta g`mdh y` hocaea!-21 Aho` uhtw`rnma amwnstaca`ma g`md`wa k`rhe~ ~ sw`k y`sl`whme~ dh yrhtn uho`msoh `frhmanmeh yralao`kamwnstarhmeh, k`n sn rna dh `ma m`sn wna rauao ~ `dm`s~ mh `tw`rnmn g`md`wn ub`f amwnstarhmeh ~ o`kyhmaenoèn sn mn lastarhe~ mh bnrua aaeh yr`cnmh wrndm`sta k`n batanst` mnhdnowhtmh- Oh` endmh `d y`tnmcaehlmajkhmh uhtw`rnmaj g`md`wh *mn k`rh dh b~dn ~o`lao` s~ ak hocaen laowadmn! mhw`da sn a khmeh laowadm`sk`ntn ~ swho`k trnm~to~ ~m`wata swèn hocaen oh` t` en t` sl~he sh amwnstaca`mak endamachkh o`d`tw`rnmaj g`md`wh!- Ayho, `wh wrsth g`md`wh ~flhwm`k d`m`sa wnn yram`sn a `k`f~hwh ~lhfhmen ~ mnonhtrhotawmn o`kyhmaen oèakh sn mn trf~en mh `rfhmau`whm`k trat~- Tho`n, `ma dhe~ wn~ glnosabalm`stknmhdnr~ enr ~wno umh sh o`lao` m`wch rhsy`lhn tn sn k`f~ wrata d~f`r`mh ~lhfhmeh, h yùacaen oèn dra~ m`wc~ a m`whmak nowawhlnmtakh s~ khmen *oèn tayam` d`m`sa maa yram`s!-39

Yrank~ lhm 79, sthw 2- Uho`mh ` amwnstaca`mak g`md`wakh, Sl- flhsmao RS, br- 47 2997 ohn5 ^ endmmnyòrntm`st k`n sn ~làta mhewan d` 29. ak`wamn uhtw`rnm`f g`mdh-38 Abad,lhm 64-

88


18/67

82

k`n bata khmea `d >9-999 wrh ~ damhrsoè yr`tawwrndm`sta y` srndmenk o~rs~ Mhr`dm bhmon Srbaen mh dhm ~ylhtn, oh` s`ystwnma ~dn` ~ t`k g`md~-

Flhwmn ohrhotnrastaon yrawhtmaj g`md`wh s~5+ mn rnf~lan aj Uho`m ` amwnstaca`mak g`md`wakh *`sak `drndbhkh oèn sn ta~

yrhwm`f `rfhmau`whmeh a ~l`fhlhmh g`mdh!,+ k`rhe~ bata rnfastr`whma ~ Rnfastr~ amwnstaca`maj g`md`wh,+ mn lastarhe~ sn mh bnrua a mn yr`dhe~ AE, a+ `bam` ajama khmea brè amwnstat`rh-Yrawhtma AG `bam` g~moca`ma~ tho` t` yrao~ylehe~ srndstwh `d fr~yn b`fhtaj

amwnstat`rh, amwnstaca`maj bhmhoh ala dr~faj amstat~ca`mhlmaj amwnstat`rh- @who` yraohyathl sn dhlen amwnstarh ~ o`kyhmaen oèn s~ s~wan rauamn uh sthmdhrdmh trath ohyathlh a bhmohrson yùhekacn, ala k`dh mnkhe~ d`w`lem` d~f~ y`sl`wm~ ast`rae~ oho` ba bala yrajwhtleawa uh gamhmsarhmen `d strhmn bhmhoh, ala ~lhn ~ wlhsmatw` garkn, sh calen~wnh wrndm`st y~tnk rnstr~ot~arhmeh32- G`md`wa y`t`k aulhun au wlhsmatwh a mh the mham`stwhr~e~ yr`gat- Y`stèa mno`lao` ~`bahenmaj mhamh aulhsoh au wlhsmatwh o`kyhmaen5amacaehlm`k ehwm`k y`m~d`k a lastarhmenk mh bnrua, yr`dhe`k ala yrayhehmenk mnoè dr~o`kyhmaea *mhenn strhtnoak amwnstat`rakh ~ trhmuaca`mak unklehkh!-

8-3- Amwnstaca`ma g`md`wa ~ Rny~blaca Srbaea

Aho` en Uho`m ` amwnstaca`mak g`md`wakh d`mnt 39-9>-2997- f`damn, a oho` ~lhm~13 dngaman5 yraknmeawhn sn y` astno~ nst knsnca `d dhmh menf`w`f st~yhmeh mhsmhf~, ~ Rny~blaca Srbaea sn yrwa AG `twhrh tno 2996- f`damn33- Mh dhm 2>-93-2989- f`damn~ Rny~blaca Srbaea dnl~enntrmhnst `tw`rnmaj AG34 oèa wrndm`st swèn amwnstaca`mn endamacn`behwle~e~ mh Amtnrmnt strhmachkh DUÂG, dwh uhtw`rnmh a tra yrawhtmh AG3> oèh t` mas~ ~

`bhwnua dh ~rhdn- Y`rnd mhwndnmaj, e` dwh DUÂG s~ d`balh dùw`l~ uh `rfhmau`whmen37, a

32 Sntak` snShlg`rdh sh y ntoh `w`f aulhfhmeh? ~lhfhmen ~ wlhsmatw` yrnd~unh umha uhyrhw` ~braufhwhmenm`wch oèan k~ `k`f~ ata dhle~ nosyhmuae~, m`wn tnjm`l`faen a `ytakauhcae~ trò`wh rhdh-33 Yrwa `tw`rnma AG mh tnrat`raea Rny~blaon Srbaen en Dnlth yl~s+`tw`rnma amwnstaca`ma g`md+bhlhmsarhma g`md-dùw`ln uh `rfhmau`whmen d`ba` en 87-92-2996, h ~ rnfasthr amwnstaca`maj g`md`wh ~yashm en 91-93-2996- f`d-Auw`r5jtty5 vvvPsncPf`wPrs + Dnlth yl~s+`tw`rnma amwnstaca`ma g`md-jtk 34 Auw`r5jtty5 vvv-amwnstaca`ma+g`md`wa-c`ka amtnrmnt strhmacn AG y`mh`s`b-3>Auw`r5jtty5 vvv-snc-f`w-rs amdnz-yjy0`yta`m;c`kPrnk`sat`rq'Atnkad;46'g~mc;d`vml`hd'ad;428'cjo;bgd>6>9441b>bhb3c:>8:g1n::76>4:c'm`Pjtkl;8'gmhkn;D^/a/AGPsorhcnma/yrnflndP29899327-ydg - 37 Rn en ` DUÂG Traflhw Amwnst- h-d- Bn`frhd a Amtnsh N~rau`m Hssnt Khmhfnknmt h-d- Bn`frhd, oèa mas~ `drndala ma tay, ma akn g`md`wh-
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Yraohu 45 Yrnflnd amwnstaca`maj g`md`wh sh `d`brnmenk uh rhd ~ Rny~blaca Srbaea, sh meaj`wa

Auw`r5jtty5 vvv-snc-f`w-rs amdnz-yjy0`yta`m;c`kPrnk`sat`rq'Atnkad;46'g~mc;d`vml`hd'ad;428'c4:c'm`Pjtkl;8'gmhkn;D^/a/AGPsorhcnma/yrnflndP29899327-ydg -
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` no~en sn meaj`w ehwma yùaw uh ~yas amwnstaca`maj endamach *wadnta yraohu 4!- Y`brèhmak AG~yrhwleh endhmhnst DUÂG, swa sh sndatnk ~ Bn`frhd~-

Ak`wamh `tw`rnmaj AG o`d mhs mh dhm 86-92-2989- f`damn yr`cnmenmh en mh mwan `d 89 kala`mh 36- ^y`rndma y`dhca f`w`rn dh en ~o~ymh ~yashmh ak`wamh `tw`rnmaj AGmh `smawhme~ aum`salh 36-6 kala`mh 3: , h dhmh 87-89-299:- f`damn 27-8 kala`mh 31, t` yòhu~en o`msthmthm yhd wrndm`sta ak`wamn `tw`rnmaj AG, h shkak tak a wrndm`sta meajàmwnstaca`maj endamach- T` k`nk` uhole~ata a t~khnmenk yraohuh > mh o`kn en~y`rnnmh wrndm`st AE `tw`rnmaj AG ~ Rny~blaca Srbaea mh y`nto~ rhdh a thrfntarhm`fdht~kh, au oèn en nwadnmthm ubarma f~batho ~ wrndm`sta AE *y`skhtrhmn a orù damhr anwr` crwnm`! `d y`ntoh rhdh AG, h t` sn mhràt` `dm`sa mh g`md`wn rhsth wrndm`staak`wamn, o`d oèaj sn wrndm`sta AE orn~ ~ rhsy`m~ `d 399,78 d` 643,27 * yraohu 7 !,`dm`sm` oèa s~ uhbnlnala rnhlhm yhd `d 2>,7:. d` 71,14.-

Sh wrnknmson dasthmcn `d 3 f`damn, o`laoa en a ast`raeht rhdh AG ~ Rny~blaca Srbak`nk` ~` ata 3 batmn ohrhotnraston ~ d`shdhmenk rhd~ AG, h t` s~ wnlaoa y`ntma yram`sa,drhstahm yhd a ynra`d sthbalauhcaen a mhsthmoh m`waj AG, yhnk` tak rnd`slnd`k a mhsthwata`whe rhd-

Yraohu >5 ^y`rndmh wrndm`st amwnstaca`maj endamach `tw`rnmaj AG ~ Rny~blaca Srbaea m

y`nto~ rhdh a mh dhm 38-93-2989- f`damn, yraohuhmh orù damhr a wr`, a ~ yr`cnmtakh

Auw`r5 Mh `sm`w~ y`dhthoh MBS, O`kasaen uh J`W Rny~blaon Srbaen a y`rthlh DUÂG 36 Thhm y`dhtho *`dm`sa sn mh y`knm~ta dhm a bnu ak`wamn g`mdh OD Nosol~uaw! en 8-942-346-2:6,:2 dam yrnkh jtty5 vvv-amwnstaca`ma+g`md`wa-c`k yùatawma+y`khca+g`md`wsoè+amd~straea-jtkl3:

Mh `sm`w~ y`dhthoh MBS a O`kasaen uh J`W-31 Auw`r5jtty5 tnche-amwnstaca`ma+g`md`wa-c`k dwhPg`mdhPshPyùatawmakPrnu~ltht`k-jtkl, sh dht~k`k yrast~yh 2:-89-299:- f`damn-

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Yraohu 7 5 Wrndm`st amwnstaca`maj endamach `tw`rnmaj AG ~ Rny~blaca Srbaea mh dhm38-93-2989- f`damn sh . ynra`damak yr`knmhkh ~ y`slndmeaj 7 khsnca

Auw`r5 mh `sm`w~jtty5 vvv-amwnstaca`ma+g`md`wa-c`k amwnstaca`maPg`md`waP2-jtkl

8-3-8- Wnlaoa y`ntma yram`sa AG

T~khna wnlaon y`ntmn yram`sn `tw`rnmaj AG y`sl~ank` sn ornthmenk amnoshTAG49, oèa sn ~ ynra`d~ d` 93-9>-2996- f`damn ~ y`ty~m`sta yòlhyh` sh ornthmenkwrndm`sta AE thdh endam`f g`mdh, Dnlth Yl~s, a mh the dhm aum`sa` 8-381,6 damhrh *y38,16.!- ^lhso`k g`mdh GAKH Yr`hctawn a `sthlaj AG mh tratn, amdnos TAG bawh yùatawswn d` orheh khrth 299:- f`damn, yrhtna f`t`w` ~ y`ty~m`sta amdnos BNLNZ8>48- Tho n en nwadnmtm` dh en swhoa AG mh y`nto~ rhdh bnlna` umhhehm rhst *asyrnoadhmn or~mn lamaenmh yraohu~ >!-

Ho` y`skhtrhk` shk` ast`raesoa mhewan wrndm`sta AE `tw`rnmaj AG ~ 2996- a 299:-f`dama * yraohu 7 !, ~ànk` dh `mn whrarhe~ `d 8-999 damhrh *AG OD Nosol~uaw!, d`8-486,82 damhrh *AG Dnlth Yl~s!, `dm`sm` dh en khosakhlma k`f~a yram`s ~ endm`k

49 TAG en wrndm`st yr`snmn amwnstaca`mn endamacn uh swn `tw`rnmn AG a aurh~mhwh sn tho` dh sn ~o~ymhwrndm`st ak`wamn swaj g`md`wh y`dnla sn ~o~ymak brènk amwnstaca`maj endamach swaj g`md`wh-48 Amdnos BNLNZ8> en amdnosmh o`ryh oèh k`n akhta mhekhmen sndhk, h mhewan 8> o`ky`mnmta a shk` mh mhelaowadmaen hocaen oèakh sn trf~en knt`d`k o`mtam~arhm`f trf`whmeh *:9 `dst` dhmh trf`whmuhole~nmak trhmshocaehkh tò`k yrntj`dmaj nst knsnca!- Y`slndmeh rnwauaeh `wn amdnosmn o`ryn ba38-93-2889-, h owhrthlm` yralhf`hwhmen 8>-93-2989- f`damn- Auw`r5 Knt`d`l`faeh uh aurh~mhwhmen amdnoshBNLNZ8> *Wnr 2-8!, Bn`frhdsoh bnruh, khrt 299:, ajtty5 vvv-bnlnz-rs galns trf`whmen rnwauaehPBNLNZ8>-yd-

8>
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22/67

trnm~to~ y`skhtrhm orù wrndm`st AE aum`sa` 486,82 damhrh, ala 48,68.- ô`lao` y`skhtrhk` shk` ast`raesoa mhewan wrndm`sta AE `tw`rnmaj AG asohuhmaj orù wr` *h twrl` batm` uh y`tnmcaehlmn d`khn satmn amwnstat`rn a ~y`rndaw` sh dnwaum`k tndme`k!,wadnnk` dh en khosakhlma k`f~a yram`s ~ endm`k trnm~to~ aum`sa` 41,8.-

Yraohu 6 5 Ornthmen wrndm`sta amwnstaca`maj endamach `tw`rnmaj AG*aurhnm` ~ damhrakh! `d `smawhmeh d` snytnkbrh 299:- f`damn

Auw`r AG Auwnthe ` rhd~ O`kasaen uh J`W RS a ornthmeakh mh `rfhmau`whm`k trat~ J`Rny~blaca ~ ynra`d~5 ehm~hr+dncnkbhr 299:- f`damn, str- 8>9-

Yraohu : 5 Yrnflnd khosakhlmaj wrndm`sta amwnstaca`maj endamach `tw`rnmaj AG `sm`whm2996- a 299:- f`damn, aurhnm` ~ Damhrakh a wrakh, a meaj`w khosakhlma yram`s

Auw`r5 Auwnthe ` rhd~ O`kasaen uh J`W RS a ornthmeakh mh `rfhmau`whm`k trat~ J`WRny~blaca ~ ynra`d~5 ehm~hr+dncnkbhr 299:- f`damn, str- 862+81:-

87


23/67

Ho` AG y`dnlak` y` f`dama `smawhmeh, wadnnk` dh s~ AG `sm`whma 2996- f`damnakhla khosakhlmn yrarhstn yr`snm` 82,4>. aurhnmn orù Damhrn, a 8>,41. aurhnmn orù wr`, dò s~ AG `sm`whma 299:- f`damn akhla slhbaen khosakhlmn yrarhstn, t` en yr`snmakhosakhlma yrarhst `b`ral` mh 1,34. a 1,17. rnsynotawm` * yraohu 7 !-

Hmhlau`k d`shd aumntaj y`dhthoh d`lhuak` d` uhole~oh dh en 299:- f`damh balhkm`f` làeh uh amwnstarhmen `d 2996- f`damn, t` en mnfhtawm` ~tachl` mh wrndm`st ak`w`tw`rnmaj AG, h shkak tak a mh wrndm`sta AE oh` `sm`wm`k knral~ meaj`wn ~synm`sta- Y`wnlaoaj yntmaj ~synjh ~slnda` en strhj`wat yhd wrndm`sta ak`wamn AG `nk~ n bata wanrna ~ mhrnd`k dnl~ `w`f rhdh-

8-3-2- Drhstahm yhd ak`wamn AG

^ ynra`d~ `d 6- d` 22- m`wnkbrh 2996- f`damn amdnos BNLNZ8> en uhbnlna` yhd`d yrablam` 469 y`nmh *t` en aum`sal` so`r` 29. + wadnta yral`f 3, str- >:!- The ynra`dk`nk` mhuwhta dhm D uh `tw`rnmn AG oèa s~, ub`f whnn uho`mson rnf~lhtawn, wnuhmawnam`k sw`f y`rtg`laeh uh ornthmen hocaeh mh bn`frhdsoè bnrua- Amdnos BNLNZ8> emhsthwa` trnmd yhdh a oh` darnotm~ y`slndac~ auhuwh` strk`flhw a d~f`trhehm yhd *swn d e~mh 2991- f`damn! ak`wamn a wrndm`sta AE swaj `tw`rnmaj AG * yraohu 6 ! -

Yraohu 15 Ornthmen wrndm`sta a ~o~ym`f brèh amwnstaca`maj endamach `tw`rnmaj AG*aurhnm` ~ damhrakh! 2996-+2991- f`damh

Auw`r5 Auwnthe O`kasaen uh J`W RS ` ornthmeakh mh `rfhmau`whm`k trat~ J`W ~Rny~blaca uh ynra`d ehm~hr+snytnkbhr 2991- f`damn, str- 82:-

86


24/67

Au yrntj`dm`f yraohuh nwadnmthm en yhd a brèh AE a meaj`wn wrndm`sta- Oho`g~moca`ma~ y` yramcay~ yr`dhen a `to~yh AE mh uhjtnwlhmh g`mdh, ~slnd yhmaon auhuwhmn yhd`k wrndm`sta a nlen dh aj satma amwnstat`ra yrntw`rn ~ m`whc, g`md`wa s~ bala yrak`rhm`to~yn swn y`m~nmn AE, t` en auhuwhl` skhmeawhmen wrndm`sta g`md`wh a e` wnnf yhdhwrndm`sta AE-

Ho` y`skhtrhk` ~o~ym~ wrndm`st ak`wamn AG ~ ynra`d~ yhdh wrndm`sta AE * yraohu : ! nwadnmthm en y`rhst ak`wamn ~ AA owhrthl~ 299:- f`damn `d 8:,91., dò en ~ `sthlak y`skhtrhmak owhrthlakh asohuhm yhd ~ rhsy`m~ `d +2>,93. *AAA+299:-! d` +44,78. *AW+299:-!- Kn~tak, ho` shflndhk` owhrthlmn `dm`sn bnu ~lhuhoh m`waj AG mh tratn,uhole~ank` dh en ak`wamh AG bnlnalh rnhlhm yhd ~ rhsy`m~ `d +8,>3. *AA+299:-! d` +4>,32. *AW+299:-!, ala ~o~ym` asohuhma f~batho uh y`skhtrhma ynra`d `d +6:-83.- Yra t`kn en ~o~ymh ak`wamh AG swndnmh sh >9,4 kala`mh wrh mh dhm 38-82-2996- f`damn mh kala`mh wrh mh dhm 38-93-2991- f`damn- Yèndamhma m`whma f~baca yèndamhmaj AG orn~sn ~ rhsy`m~ `d +33,46. *AG JQY@ Bhlhmcn! d` +:>,67. *AG G`c~s Yrnka~k!-

Amdaohtawm` en AG OD Nosol~uaw ~ tra y`slndmen y`skhtrhmh owhrthlh asohuh` ~o~wrndm`st oèh en khmeh `d uho`mso`f `sm`wh uh rhd *299-999 wrh!, h AG Alaraoh EAN G`c~s M`whma G`md s~ t` asohuhla shk` ~ y`slndmenk y`skhtrhm`k owhrthl~-

Yraohu 895 Owhtrhlm` ornthmen wrndm`sta ak`wamn `tw`rnmaj AG*aurhnm` ~ wrakh! AW 2996-+ A 2991- f`damn

Auw`r5 mh `sm`w~ Auwntheh O`kasaen uh J`W RS ` ornthmeakh mh `rfhmau`whm`k tr

J`W ~ Rny~blaca uh ynra`d ehm~hr+snytnkbhr 2991- f`damn, str- 836, a ast`f auwntheh ~ ynra`d~5 ehm~hr+dncnkbhr 299:- f`damn, str- 879-

8:


25/67

Là gamhmsaesoa rnu~lthta d`wnla s~ d` yrnsthmoh rhdh yèndamaj aG, a t`5+ AG HC G`md`wa Ohyathl yrnsth` en sh rhd`k 22-82-299:- f`damn,+ AG Unytnr Chyathl yrnsth` en sh rhd`k 81-93-2991- f`damn,+ AG E^BKNS Hotaw yrnsth` en sh rhd`k 21-9>-2991- f`damn, h+ ak`wamh AG OD Nosol~uaw syènmh en 88-92-2989- sh ak`wam`k AG Cathdnl Tra~ky

~ uhendmaoa `tw`rnma AG Tra~kyj, oèak ~yrhwleh DU^ Cathdnl Hssnt Khmhfknmt-Ho` oh` yhrhknthr uh hmhlau~ ~uknk` yèndamhm` ornthmen wrndm`sta AE `tw`rnmaj

AG, wadnnk` ~` leaw yhd, y`f`t`w~ o`d tra yrw``tw`rnmh AG42, h t` s~ AG Dnlth Yl~s, AGGakh Yr`Hctawn a AG Rhaggnasnm Hocaen- Au yraohuh 1 k`nk` uhole~ata dh s~ `wa AG d`staflaswèn ast`raeson kamak~kn wrndm`sta AE *ùmhnm` crwnmak or~f`wakh! ~ y`slndmeaj 7knsnca a dh s~ `ma aum`sala 713, 32: a 39> damhrh rnsynotawm`, h mh dhm 38-93-2989- f`dawrndm`st meaj`waj AE aum`sa 697,>7 Dam- *AG Dnlth Yl~s!, 372,7: Dam- *AG Gakh Yr`Hc329,:7 Dam- *AG Rhaggnasnm Hocaen!, aunfh yràualhua dh en ynra`d sthbalauhcaen y`rtg`laeh a y`wrhhe y`wnrnmeh amwnstat`rh ~ g`md`wn uhy`n` ~ ynra`d~ e~m+snytnkbhr 2991- f`damn-

Yraohu 885 Ornthmen wrndm`sta amwnstaca`maj endamach yrw```tw`rnmaj AG ~ Rny~blaca S`d smawhmeh d` 38-93-2989-f`damn, ~ damhrakh

Auw`r5 mh `sm`w~jtty5 vvv-amwnstaca`ma+g`md`wa-c`k

8-3-2-8- Au~untho AG JQY@ Bhlhmcn

Yrhtna swntso~ gamhmsaeso~ orau~ oèh sn au SHD yrnmnlh mh tl` Nwr`yn, h shkak taka mh unklen ~ òr~nme~, sthmen mh gamhmsaeso`k trat~ Rny~blaon Srbaen y`sthlmny`w`lem` uh rhd AG, t` sn `drhual` mh ~o~ym~ ak`wam~ a wrndm`st AE swaj `tw`rng`md`wh-amenmach en dh s~ ub`f dr~fhaen dawnruagaohcaen y`rtg`laeh g`md`wa bala rhulaat`~fr`nma? wnlaam~ yèndamaj f~bathoh aulàla sk` ~ yrntj`dm`k dnl~ rhdh-

42@wh tra AG s~ mh orhe~ 2996- f`damnamalh 19,3. ~o~ymn ak`wamn swaj AG oèa s~ uhy`nla sh rhd`k yrn299:-f`damn, h mh dhm 38-93-2989- f`damnamn 71,37. ~o~ymn ak`wamn swaj hotawmaj AG ~ Rny~blaca Srbaea-

D` `waj y`dhthoh d`lhuak` o`kyhrhcae`k y`dhthoh au yraohuh :-

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26/67

Kn~tak, endhm g`md sn audwheh `d `sthlaj, oho` y` rnhlm` mhekhmeak f~bacakh ~wrndm`sta ak`wamn, tho` a y` mhekhmenk yhd~ wrndm`sta AE- Rn en ` AG JQY@ Bhlhmcn, oèa en y` amwnstaca`m`k cale~ bhlhmsarhma g`md, a oèa en ayho ~syn` dh orù amwnstac y`latao~ *oè~ama so~y rhulaataj amwnstaca`maj, no`m`ksoaj, hdkamastrhtawmaj `dl~oh aknrh oèn DUÂG yrnd~uakh ~ cale~ y`wnhmeh ~o~ym`f yram`sh ~ o`rastlhm`wh G`mdh! y`stafmn sthbalhm rhst wrndm`sta ak`wamn g`mdh a AE ~ d~nk wrnknmso`k ynra`d~43- Au yraohuh 89 k`nk` wadnta dh eh `whe AG uh dwhdnsnt knsnca rhdh akh` ast`raesoa kamak~kwrndm`sta AE 173, dò en khosak~k `d 8-27: damhrh d`stafh` dhmh 38-93-2989- f`damn, t` a y`rnd fl`bhlmn no`m`kson oraunama ~o~yhm rhst wrndm`sta AE `d 27,:.-

@yrndnlenmen y`rtg`la` knmhdnrh `w`f g`mdh dh ~lhn ~ d~maon J`W yòhuhl` sn y`ty~m` asyrhwm`, y`f`t`w~ ho` sn oraw~leh wrndm`sta meaj`wn AE ~y`rnda sh amdnos`BNLNZ 8> uh y`rndbnma ynra`d, oèa en auf~ba` :46 damhrh swèn wrndm`sta * yraohu 89!-Y`rnnmen `wn wrstn skhtrhk` ~y~tmak akhe~a ~ wad~ dh hocaen au `wn amdnosmn o`ryn +Wntnramhrsoa uhw`d S~b`tach h-d-, a Sèh yr`tnam h-d-amn 3,91., `dm`sm` 2,68. y`rtg`laeh AG JQY@ Bhlhmcn, t` k`nk` wadnta ~ yral`f~ 4-

Yraohu 825 ^y`rndma yraohu oraw~len wrndm`sta amwnstaca`mn endamacn AG JQY@ Bhlhm*ylhwh yùhdamh! a amdnosh BNLNZ 8> uh ynra`d 2:-96-299:- 38-93-2989- f`damn

Auw`r5jtty5 vvv-amwnstaca`ma+g`md`wa-c`k jqy`PbhlhmcnP`tw`rnmaPamwnstaca`maPg`m,ajtty5 vvv-bnlnz-rs

43 Auw`r5 Yr`synot AG JQY@ Bhlhmcn,jtty5 vvv-jqyàmwnstknmts-rs ~yl`hd d`c~knmt jqy`PbhlhmcnPyr`synot-yd-

29
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27/67

8-3-3- Sthbalauhcaeh trath a `twhrhmen m`waj AG

Oh` flhwmh skntmeh uh ~synhm rhd DUÂG, h shkak tak a uh yram`sn g`md`wh,

òhrhotnrashmh en mnk`f~m`st y`rtg`la` knmhdnrh AG dh, ub`f uho`msoaj `frhmanmeh, uhswè y`rtgnle mhbhwn mhelaowadmaen hocaen sh swntsoaj trath- Oh` sy`rndmn skntmen k`sn ùmhata a ow`tn `drnnmaj J`W ~ wlhsmatw~ AG, wlhsmatw` DU^ mhd ak`wam`k AG`frhmahwhmen y`rtg`laeh AG-

Akhe~a `wn ghot`rn ~ wad~ Drhwh en yr`knmalh uho`mso~ rnf~lhtaw~ a d`mnlh m`wuho`m44 oèak en ~blhalh or~t~ rnf~lhtaw~ a dhlh `drnnmaen r~on DUÂG4>- M`watnta sn`flndhe~ a ~ khrontamf~, yh tho` dhmhs y`tnmcaehlma amwnstat`r k`n mh amtnrmnt y`rth

DUÂG wadnta mhebatmaen dnl`wn y`rtg`laeh AG a ~yùmhta sn sh swak hsynotakh y`tnmcamwnstacaen47-

Uhjwhle~e~a uho`msoak yr`knmhkh rhmaen `rfhmau`whma AG s~ yrnawnla mh mhtrat~, o`ms`lad`whla wrndm`st swèaj AE, h ~ o`mo~rnmcae~ s~ sn ~ole~ala a m`wa AG,`rfhmau`whma oh` g`md`wa `~whmeh wrndm`sta ak`wamn46- Uh meaj en ohrhotnrastam` dh ak enwrndm`st AE ~ o`msthmtm`k y`rhst~, oh` t` sn wada au yraohuh 88-

Yraohu 835 ^y`rndma yraohu oraw~len wrndm`sta amwnstaca`mn endamacn g`md`wh`~whmeh wrndm`sta ak`wamn, d `smawhmeh d` 38-93-2989- f`damn-

Auw`r5jtty5 vvv-amwnstaca`ma+g`md`wa-c`k 44

Uho`m ` auknmhkh a d`y~mhkh Uho`mh ` amwnstaca`mak g`md`wakh, *Sl- flhsmao RS, br- 47 2991!-4> @wak auknmhkh DUÂG sta~ yrhw` `to~yh amwnstaca`maj endamach d` wasamn 29. wrndm`sta g`mdh, k`f~ ~ yèndamhmn J`W ~lhfhta d` >. wrndm`sta g`mdh, ~ yrwaj 7 knsnca rhdh g`mdh mn k`rhe~ sn straotm` yradrhwhta o`tauhcaeh a sta~ yrhw` ~lhfhmeh mh strhmak gamhmsaesoak tratakh mh `sm`w~ Uho`mh ` dnwaum y`sl`whme~-47 Aho` s~ DUÂG ~ uho`msoè `bhwnua dh auwnthwhe~ ` rhd~ AG mh nst`knsnm`k maw`~, yèndamh dr~twh s~sn rhda y`wnhmeh trhmsyhrnmtm`sta a d`brn yrhosn ~ amd~straea AG `dl~alh dh ym~ auwnthwhmen mh knsnm`kmaw`~- Tho` sn dhmhs mh meaj`wak amtnrmnt y`rthlakh k`n wadnta str~ot~rh ak`wamn g`mdh, whl~tmfn`frhgsoh str~ot~rh y`rtg`laeh, snot`rsoh uhst~ylenm`st ~lhfhmeh ak`wamn a mhuaw J`W oèn s~ mheuhst~ylenm~ y`rtg`lae~-46 G`md`wn ~whmeh wrndm`sta ak`wamn k`nk` mhuwhta a m`whmak g`md`wakh enr `ma swèh srndstwh ~lh~ ~orhto`r mn gamhmsaeson amstr~knmtn, t` enst amstr~knmtn trath m`wch *o`knrcaehlmn ala blhfhemaon uhyasn,uhyasn drhwmn blhfhemn, cnrtagaohtn ` dnyùat~ a sl-!, h yrnkh mhè uho`msoè rnf~lhtawa ~ `bhwnua smhekhmen 6>. ak`wamn ~lh~ ~ dnyùatn a drhwmn uhyasn aurhnmn ~ RSD h khosakhlm` 2>. ~ strhm`bwnumacn a dr~fn gamhmsaeson amstr~knmtn- T` ajama y`f`dmak uh khmeh a srndmeh yrnd~unh oèh akhe~orhto`r m` rhsy`làwh srndstwh uh amwnstarhmen-

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28/67

Tho`n uhjwhle~e~a uho`msoak yr`knmhkh, mha AG s~ d`la ~ y`snd owhlatntmajam`strhmaj hocaeh? mh dhm 2:-92-2989- f`damn ~ sw`k y`rtg`lae~ AG JQY@ Bhlhmcn y`snd`wh` hocaen whechrsoaj Mnstln HF *4,87.! a M`whrtas HF *2,61.!4: , AGO`kBhmo AmG`md +whechrson Shm`ga+Hwnmtas *>,42.!, mnkhoaj Hdadhs H-F-*>,24.! a Hllahmu SN *4,66.!, a hknraoaj Rnsnhrcj am K`ta`m *3,69.! a F``flnAMC *3,>9.!41, h AG Alaraoh E~f`ast`mh Nwr`yh h~straeson

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