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ÀÁÐÀÊÀÄÀÁÐÀ (Òîæå ñàìîå íî â ÷èòàåìîì âèäå)
Óxfcnybrb rheukjuj cnjkf
- Ãbktk Ãktpth, cjdtnybr gj ÈÒ, Òhe,yfz vtnfkkehubxtcrfz rjvgfybz
- Þhbq Ñfhfgekjd, lbhtrnjh gj ÈÒ, Âsrceycrbq vtnfkkehubxtcrbq pfdjl
- Àktrcfylh Êhtcnmzyjd, yfxfkmybr eghfdktybz ÈÒ, Íjdjrepytwrbq vtnfkkehubxtcrbq rjv,byfn
- Ävbnhbq Êekfuf, yfxfkmybr eghfdktybz ÈÒ, «ÓhfkÑnfkm»
- Ë.,jdm Ïthtgtkbwsyf, cjdtnybr utythfkmyjuj lbhtrnjhf, «Áehufp»
- Ífnfkmz Ñfhfgekjdf, ukfdysq cgtwbfkbcn gj ghjtrnbhjdfyb. rjhgjhfnbdys[ byajhvfwbjyys[ cbcntv, «ÎÌÊ-Ñthdbc»
- Ådutybq Ñtkbdfyjd, yfxfkmybr eghfdktybz ghjlf; d ghjvsiktyyjcnb, «Îgnbvf-Èyntuhfwbz», ghtpbltyn rke,f CIO Ìtnfkkehubb
- Âfkthbq Ñnfhxfr, ukfdysq cgtwbfkbcn gj fdnjvfnbpfwbb -- yfxfkmybr wt[f fdnjvfnbpfwbb b cdzpb ÎÎΫÂÈÇ-Ñnfkm».
Îcyjdyfz ajhvf fencjhcbyuf d vtnfkkehubb — dsdjl cj,cndtyyjuj
ÈÒ-ltgfhnfvtynf d jnltkmyjt .hblbxtcrjt kbwj. «Ñtdthcnfkm»,
«ÅdhfpÕjklbyu», ÐÓÑÀË, «ÍjhÍbrtkm» b lh. gjikb gj 'njve genb. Â rjywt
2003 ujlf yf ,fpt cke;, fdnjvfnbpfwbb Êhfcyjzhcrjuj, Áhfncrjuj,
Íjdjrepytwrjuj, Ñfzyjujhcrjuj fk.vbybtds[ pfdjljd b Àxbycrjuj
ukbyjptvyjuj rjv,byfnf ,skj cjplfyj cthdbcyjt ghtlghbznbt rjvgfybb
ÐÓÑÀË — ÎÎÎ «ÈÒ-Ñthdbc». Ñtqxfc cthdbcyjt ghtlghbznbt j,cke;bdftn ,jktt
40 ghtlghbznbq ÐÓÑÀËf. Ëtnjv 2005‑uj «Ñtdthcnfkm-uhegg» nfr;t dsltkbkj
cdjt ÈÒ-gjlhfpltktybt d jnltkmye. cnhernehe — «Ñtdthcnfkm-byajrjv», yf
rjnjhe. djpkj;tyf pflfxf j,cke;bdfnm ÈÒ-byahfcnhernehe cdjtq
vfnthbycrjq rjvgfybb. Ñhtlb ysytiyb[ gjnht,bntktq eckeu
«Ñtdthcnfkb-byajrjv» ,jkmibycndj ghtlghbznbq [jklbyuf, d njv xbckt
«Ñtdthcnfkm», ×thtgjdtwrbq cnfktghjrfnysq pfdjl, f nfr;t ghtlghbznbz
fdnjvj,bkmyjuj lbdbpbjyf — ÓÀÇ b ÇÌÇ.
 rjywt 2005 ujlf ÍÐ b ÐÓÑÀË j,]zdbkb j pfrk.xtybb
cnhfntubxtcrjuj cjukfitybz, cjukfcyj rjnjhjve ÍÐ ,eltn eghfdkznm
jcyjdysvb ghbkj;tybzvb rjvgfybb ÐÓÑÀË b j,cke;bdfnm b[ yf ,fpt
cj,cndtyyjuj wtynhf j,hf,jnrb lfyys[. Ýrcgthns jnvtxf.n, xnj gjlj,yst
ltqcndbz rjvgfybq — cnfylfhnyfz ghfrnbrf lkz jntxtcndtyys[ vtnfkkehujd,
rjnjhsv ljcnfkjcm ckbirjv j,ibhyjt cjdtncrjt yfcktlcndj.
Äfybbk Ät[rfyjd, dtleobq rjkjyrb ÈÒ ;ehyfkf «Ìtnfkkjcyf,;tybt b c,sn».
Ïhbxbys b ghtlgjcskrb r ÈÒ-fencjhcbyue
Êjycnfynby Çbvby: Äfdfqnt yfxytv rheuksq cnjk gj
ÈÒ-fencjhcbyue c njuj, xnj gjghj,etv cajhvekbhjdfnm b rkfccbabwbhjdfnm
ghbxbys, rjnjhst gjldbuf.n herjdjlbntktq hjccbqcrb[ ghtlghbznbq cnfdbnm
pflfxb gj bcgjkmpjdfyb. fencjhcbyuf d j,kfcnb ÈÒ. Ñ jlyjq cnjhjys, 'nj
,tpeckjdyj yt njn djghjc, rjnjhsq d[jlbn d rjvgtntywb. ÈÒ-lbhtrnjhf. Íj
c lheujq -- bvtyyj jn jndtnf yf ytuj, rfr vs e,tlbvcz gjp;t, pfdbcbn
,jkmibycndj nfrnbxtcrb[ htitybq d j,kfcnb ÈÒ-fencjhcbyuf.
Íf vjq dpukzl, ghbxbys, pfcnfdkz.obt njg-vtytl;vtyn pflevfnmcz j,
ÈÒ-fencjhcbyut, hfcgflf.ncz yf ldt uheggs: gjkbnbxtcrbt b
'rjyjvbxtcrbt. Ïjkbnbxtcrbt ghbxbys -- 'nj nht,jdfybz rfgbnfkbpfwbb
rjvgfybb b ds[jlf yf IPO, f nfr;t ljcnb;tybt jghtltktyyjuj ehjdyz
eghfdktyxtcrjq phtkjcnb, yf rjnjhjv, ghtlghbznbt, gj endth;ltyb.
ytrjnjhs[ 'rcgthnjd, ytvbyetvj ljk;yj ghbqnb r bcgjkmpjdfyb.
fencjhcbyuf. À 'rjyjvbxtcrbt ghbxbys – 'nj ghzvfz 'rjyjvbz pfnhfn yf ÈÒ
b gjdsitybt 'aatrnbdyjcnb ghtljcnfdkztvs[ ÈÒ-eckeu (djpvj;yj, lf;t c
hjcnjv 'nb[ pfnhfn) pf cxtn eybabrfwbb b gtht[jlf yf cthdbcye. vjltkm.
×nj c dfitq njxrb phtybz ltqcndbntkmyj zdkztncz ceotcndtyyjq ghbxbyjq
lkz ÈÒ-fencjhcbyuf?
Ådutybq Ñtkbdfyjd: Íf vjq dpukzl, jcyjdyfz wtkm
dsdjlf ÈÒ-gjlhfpltktybq yf fencjhcbyu lkz herjdjlbntktq yfib[
vtnfkkehubxtcrb[ ghtlghbznbq gjrf njkmrj jlyf — ds[jl yf IPO b
gjdsitybt bydtcnbwbjyyjq ghbdktrfntkmyjcnb. Âct jcnfkmyst wtkb
dnjhbxys. Íj, r cj;fktyb., ghb nfrjv gjl[jlt htibnm 'njn djghjc
wbdbkbpjdfyyj b hfccxbnsdfnm yf crjhst b vfcinf,yst htpekmnfns yt
ghb[jlbncz.
Ë.,jdm Ïthtgtkbwsyf: ß yt cnfkf ,s jn,hfcsdfnm
djghjc 'aatrnbdyjcnb hf,jns ÈÒ-ltgfhnfvtynf, dct-nfrb jy buhftn
ceotcndtyye. hjkm ghb ghbyznbb htitybz j dsdjlt ÈÒ-cthdbcjd yf
fencjhcbyu. Âj-gthds[, jxtym xfcnj cdjt gjlhfpltktybt yt vj;tn
ghtljcnfdbnm ÈÒ-eckeub yf jcyjdt yjds[ nt[yjkjubq, rjnjhst gjzdbkbcm yf
hsyrt. Âctulf tcnm pfgfplsdfybt, b tckb ,bpytce ytj,[jlbvs rfrbt-nj
yjdst ÈÒ-eckeub ,scnhj, nj ghbdktxtybz fencjhcthjd yt bp,t;fnm. È 'nj
buhftn dct ,jkmie. hjkm, gjcrjkmre cthmtpyj vtyz.ncz eckjdbz, d rjnjhs[
rjvgfybb ljk;ys hfpdbdfnmcz b ytj,[jlbvj d rhfnrbt chjrb ceotcndtyyj
bpvtybnm ÈÒ-cthdbcs.
Êjycnfynby Çbvby: Ífi yt,jkmijq jghjc, rjnjhsq vs
ghjdtkb chtlb xktyjd rke,f CIO Ìtnfkkehubb, gjrfpsdftn, xnj j,t 'nb
ghbxbys bvt.n pyfxtybt, yj cnhtvktybt gjdscbnm 'aatrnbdyjcnm ÈÒ-cke;,s
dc¸ ;t djpybrftn xfot (cv. hbc. 1. – Ïhbv. htl.). Ïhb 'njv yflj
crfpfnm, xnj htxm yt bltn j ghzvjq 'rjyjvbb pfnhfn yf ÈÒ. Êcnfnb, yfit
bccktljdfybt «Ïhfrnbrf bcgjkmpjdfybz ÈÒ d hjccbqcrb[ rjvgfybz[ 2007»
nfr;t gjrfpfkj, xnj ÈÒ-lbhtrnjhf yt hfccvfnhbdf.n fencjhcbyu rfr
djpvj;yjcnm c'rjyjvbnm yf 'rcgkefnfwbjyys[ pfnhfnf[ (cv. hbc 2. – Ïhbv.
htl.).
Ñ lheujq cnjhjys, pfgflyst cgtwbfkbcns xfcnj dscrfpsdf.n vytybt, xnj
jghtltkz.obv afrnjhjv lkz ghfrnbxtcrjq gjcnfyjdrb djghjcf j,
fencjhcbyut zdkztncz ehjdtym jhufybpfwbjyyjq phtkjcnb. Ñjukfcyj 'njq
kjubrt hfpyst jhufybpfwbb j,hfof.ncz r fencjhcbyue ghbvthyj d jlyjv
«djphfcnt», ghbxtv ghbyznbt nfrjuj htitybz gjxnb yt pfdbcbn jn dytiyb[
j,cnjzntkmcnd. È jghjityyst yfvb ÈÒ-lbhtrnjhf jnxfcnb cjukfcys c nfrjq
njxrjq phtybz.
Ãbktk Ãktpth: Íf vjq dpukzl, jcyjdys[ cnbvekjd
dsdjlf ÈÒ yf fencjhcbyu d hjccbqcrb[ eckjdbz[ ldf: ds[jl ghtlghbznbz yf
IPO b gjdsitybt 'aatrnbdyjcnb ÈÒ-eckeu. Äheujq djghjc, rfr lj,bnmcz
nfrjuj gjdsitybz. ×nj,s jncktlbnm 'njn gjrfpfntkm, ye;ys
cjjndtncnde.obt yjhvfnbds. Átp yjhvfnbdjd, jghtltkz.ob[ rfxtcndj
ÈÒ-eckeu, b[ fencjhcbyu yt ,eltn bvtnm ljk;yjq ,fps ljujdjhys[
jnyjitybq. Ê cj;fktyb., yf ctujlyz ytn htitybq b vtnjlbr, gjpdjkz.ob[
ajhvfkbpjdfnm jwtyre 'aatrnbdyjcnb b rfxtcndf ibhjrjuj rheuf ÈÒ-eckeu,
rjnjhst vj;yj ,skj ,s dsdtcnb yf fencjhcbyu. Ífcrjkmrj vyt bpdtcnyj,
,jkmibycndj rjvgfybq, jnlfdib[ yf fencjhcbyu ÈÒ-cthdbcs bkb lf;t
ÈÒ-cke;,s, 'ne ghj,ktve yt htibkb.
Ävbnhbq Êekfuf: Çltcm tcnm ghjnbdjhtxbt. Åckb
'aatrnbdyjcnm ÈÒ-cke;,s vj;yj gjdscbnm c gjvjom. tt dsdjlf yf
fencjhcbyu, nj xnj vtiftn ghbvtybnm nt ;t cfvst vt[fybpvs ,tp
fencjhcbyuf? Ñthdbcyj-jhbtynbhjdfyye. cke;,e vj;yj cjplfnm b yt
jajhvkzz ÈÒ-jnltk rfr dytiy.. rjvgfyb..
Ådutybq Ñtkbdfyjd: Íj e «dytiytq» rjvgfybb
gjzdkz.ncz cjdthityyj lheubt djpvj;yjcnb. Ïht;lt dctuj – d catht jgkfns
nhelf, dtlm nfhbayst cnfdrb yf vyjub[ ghtlghbznbz[ ghjcnj yt gjpdjkz.n
gjdsifnm pfhgkfne ÈÒ-cgtwbfkbcnfv. À pf 'nbv nzyencz ghj,ktvs b[
elth;fybz b ghbdktxtybz yjds[. ß pyf., rfr ljkuj b vexbntkmyj vyjubt
ÈÒ-lbhtrnjhf hf,jnfkb yfl 'nbvb ghj,ktvfvb. Âs[jl yf fencjhcbyu htfkmyj
gjvjuftn htibnm hzl djghjcjd, jnyjczob[cz d gthde. jxthtlm r
dyenhtyytve eghfdktyb. ÈÒ-cke;,jq. Â jnltkmyjq jhufybpfwbb htibnm b[
ujhfplj ktuxt, xtv d cnherneht rhegyjuj ghtlghbznbz, rfrbv zdkztncz
vtnfkkehubxtcrbq rjv,byfn.
Êhjvt 'njuj gjdsitybt 'aatrnbdyjcnb hf,jns ÈÒ-cke;,s ,tpeckjdyj
djpvj;yj d j,]tlbytybz[, bvt.ob[ ytcrjkmrj jlyjnbgys[ ghtlghbznbq c
gj[j;bvb ÈÒ-cthdbcfvb. Â 'njq cbnefwbb nbhf;bhjdfybt ÈÒ-eckeu b lf;t
wtynhfkbpjdfyyjt gjllth;fybt eybrfkmys[ lkz hzlf 'nb[ ghtlghbznbq
'rcgthnbp vj;tn dskbnmcz d ceotcndtyye. 'rjyjvbxtcre. dsujle.
Ítj,[jlbvjcnm kblthf
Êjycnfynby Çbvby: Åcnm tot jlby df;ysq fcgtrn, jn
rjnjhjuj, yf vjq dpukzl, pfdbcbn ,jkmibycndj nfrnbxtcrb[ htitybq d
j,kfcnb ÈÒ-fencjhcbyuf, – 'nj kbxyst wtkb ÈÒ-lbhtrnjhf b tuj jnyjitybt
r cdjtq rfhmtht. Ñeotcndetn njxrf phtybz, xnj tckb ÈÒ-lbhtrnjh yfwtkty
yf lkbntkmye. hf,jne d rjvgfybb, nj tuj cnhfntubz – 'nj gjcntgtyyjt
edtkbxtybt cdjtuj dkbzybz , b d nfrjv ckexft jy cjdthityyj yt
pfbynthtcjdfy d fencjhcbyut, jy ,eltn edtkbxbdfnm cj,cndtyysq infn b
,hfnm yf ct,z dct ,jkmit aeyrwbq. Â nfrjq cbnefwbb ÈÒ-lbhtrnjh tckb b
gjqltn yf fencjhcbyu, nj kbim ytrjnjhs[, yt cfvs[ df;ys[ ÈÒ-cthdbcjd b
kbim gjl lfdktybtv bkb ghb jxtdblyjq 'rjyjvbxtcrjq 'aatrnbdyjcnb.
Åckb ;t jy [jxtn cltkfnm ,scnhsq rfhmthysq hsdjr b eljdktndjhbnm
cdjb fv,bwbb, nj ,eltn djcghbybvfnm fencjhcbyu rfr jghtltktyysq dspjd:
f cvjue kb z djpukfdbnm ,bpytc b dpznm yf ct,z jndtncndtyyjcnm pf
k.ltq, dvtcnj njuj xnj,s ltkbnm tt c herjdjlcndjv vfnthbycrjq rjvgfybb?
Åckb ÈÒ-lbhtrnjh yt cj,bhftncz ljkuj cbltnm yf jlyjv vtcnt, f yfwtkty
yf ,scnhe. rfhmthe b gjdsitybt gj cke;,t, nj jy rhjdyj pfbynthtcjdfy d
fencjhcbyut. Ñ lheujq cnjhjys, tckb htitybt j, fencjhcbyut cgeotyj
cdsit, nj jncencndbt kblthf vj;tn cnfnm njhvjpjv ghb dsdjlt xfcnb bkb
dctuj ÈÒ-gjlhfpltktybz yf fencjhcbyu.
Âfkthbq Ñnfhxfr: Ôfrnjh kblthf, ,tpeckjdyj, jxtym
cbkmyj dkbztn yf htitybz d j,kfcnb fencjhcbyuf. Â yb[ gjxnb dc¸
jghtltkztncz kblthjv, rjnjhsq 'nj ltkj gjnzytn. Åckb nfrjq kbxyjcnb
ytn, ybrfrjuj dsdjlf yb dctq ÈÒ-cke;,s, yb tt xfcnb yf fencjhcbyu yt
,eltn. Äf;t tckb tcnm ghbrfp, rjnjhsv yfpyfxty rfrjq-nj vtytl;th, yt
zdkz.obqcz kblthjv, nj gjnjv ghtlghbznbt gjnthztn dc. ÈÒ-cke;,e d
ghjatccbjyfkmyjv gkfyt. Ïhbvthjd nfrb[ ljcnfnjxyj, yj j, 'njv vfkj rnj
[jxtn ujdjhbnm jabwbfkmyj, lkz ghtccs.
Þhbq Ñfhfgekjd: Ê cj;fktyb., ÈÒ-lbhtrnjhf jxtym
xfcnj yt ghbybvf.n exfcnbt d gjlujnjdrt htitybz j dsdjlt cdjtuj
gjlhfpltktybz yf fencjhcbyu. Î,sxyfz ghfrnbrf -- 'nj ghbrfp cdth[e, d
rjnjhjv pf yb[ dc¸ afrnbxtcrb e;t htityj. È tcnm vyjuj ytelfxys[
ghbvthjd nfrjuj jgsnf — hfpdfkbdf.ncz rjvfyls, ghjtrns pfnzubdf.ncz yf
ytjghtltktyysq chjr, gflftn rfxtcndj ÈÒ-cthdbcjd.
Àktrcfylh Êhtcnmzyjd: ß [jhjij pyfrjv c jlyjq
rjvgfybtq bp Íjdjcb,bhcrf, d rjnjhjq dsdjl ÈÒ-cke;,s d jnltkmye. abhve
gj ghbrfpe herjdjlcndf j,thyekcz gjkytqibv rhf[jv. ×thtp ujl bp
dsdtltyyjq abhvs ghfrnbxtcrb dct edjkbkbcm, b vfnthbycrfz rjvgfybz ,skf
dsye;ltyf cjplfdfnm ÈÒ-cke;,e pfyjdj yf jcyjdt jcnfditqcz cke;,s
pfrfpxbrf.
Ñke;,f pfrfpxbrf
Êjycnfynby Çbvby: Çfgflyst cgtwbfkbcns jlyjpyfxyj
ujdjhzn j njv, xnj ghb gthtlfxt ÈÒ-cthdbcjd yf fencjhcbyu dyenhb
ghtlghbznbz j,zpfntkmyj ljk;yf jcnfnmcz cke;,f pfrfpxbrf, dsgjkyz.ofz
aeyrwbb gjcnfyjdrb pflfx gthtl fencjhcbyujdjq rjvgfybtq b rjynhjkz pf
ghtljcnfdktybtv eckeu. È 'nb aeyrwbb yb d rjtv ckexft yt ljk;ys
gtht[jlbnm r cfvjve fencjhcthe. Ájktt njuj, cgtwbfkbcns cxbnf.n, xnj
lkz jceotcndktybz aeyrwbq cke;,s pfrfpxbrf yf ghtlghbznbz[ ytj,[jlbvj
jcnfdkznm lj 20% ÈÒ-ltgfhnfvtynf. Ïhj,ktvf d njv, xnj d ckexft
dsltktybz dctuj ÈÒ-jnltkf d jnltkmye. ljxthy.. ÈÒ-abhve xfcnj djpybrftn
;tkfybt vjyjgjkbpbhjdfnm yt njkmrj ÈÒ-eckeub lkz vfnthbycrjq rjvgfybb,
yj b jghtltktybt tt gjkbnbrb d catht ÈÒ. Îlybv bp cbvgnjvjd gjlj,yjuj
hfpdbnbz cj,snbq ghb gtht[jlt yf fencjhcbyu zdkztncz gthtdjl
herjdjlbntkz ÈÒ-cke;,s d cthdbcye. rjvgfyb.. Â htpekmnfnt cjdvtotybz d
cthdbcyjq jhufybpfwbb aeyrwbq pfrfpxbrf b gjlhzlxbrf b d jncencndbt
rjyrehtywbb ÈÒ-rjvgfybz cnfyjdbncz yt'aatrnbdyjq, f ghtlghbznbt nthztn
rjynhjkm yfl cbnefwbtq. Òfrjt cjcnjzybt yt vj;tn ljkuj cj[hfyznmcz,
gjcrjkmre, c jlyjq cnjhjys, ghbdjlbn r ytgjkyjve dszdktyb. gjnht,yjcntq
jhufybpfwbb d ÈÒ, f c lheujq -- r yt'aatrnbdyjve bkb ytljcnfnjxyj
rfxtcndtyyjve b[ eljdktndjhtyb..
Ãbktk Ãktpth: Òfrfz ghj,ktvf tcnm, b dsltkzz
ÈÒ-gjlhfpltktybt yf fencjhcbyu, «dth[eire» gbhfvbls cthdbcjd,
j,tcgtxbdf.ob[ hfphf,jnre, dytlhtybt b 'rcgkefnfwb. ÈÒ, yflj jcnfdbnm
pf ghtlghbznbtv. Ýnj ght;lt dctuj jnyjcbncz r bltjkjubb bcgjkmpjdfybz
ÈÒ d fdnjvfnbpfwbb ghjbpdjlcndtyys[ b eghfdktyxtcrb[ ghjwtccjd. Êfr ,s
yb ,sk ibhjr rheu eckeu, jghtltkztvs[ yf fencjhcbyu, yf ghtlghbznbb
ytj,[jlbvj bvtnm cke;,e pfrfpxbrf, rjnjhfz cvjukf ,s jncnfbdfnm b
cjukfcjdsdfnm njxre phtybz cdjtq rjvgfybb yf djghjcs bcgjkmpjdfybz ÈÒ,
cktlbnm pf 'aatrnbdyjcnm. b rfxtcndjv dsgjkyztvs[ ÈÒ-eckeu, f nfr;t
ajhvbhjdfnm ÈÒ-cnhfntub..
ÈÒ-frnbds
Êjycnfynby Çbvby: Äfdfqnt ntgthm j,celbv nfrjq
yfb,jktt xfcnj dcnhtxf.obqcz dfhbfyn: lfyf rjvfylf, ÈÒ-jnltk ljk;ty
,snm gjcntgtyyj dsdtlty bp rjvgfybb, b ÈÒ-lbhtrnjh (bkb ÈÒ-vtytl;th,
herjdjlbntkm jlyjuj bp jnltkjd) ujnjd hbcryenm. Ñ rfrbvb ghj,ktvfvb
vj;yj ghb 'njv cnjkryenmcz?
Þhbq Ñfhfgekjd: Ïhb dsdjlt ÈÒ-cke;,s yf fencjhcbyu
df;ytqie. hjkm buhftn djghjc cj,cndtyyjcnb b frnbdjd yjdjq rjvgfybb. Ïj
vjtve vytyb., ghb gthtdjlt yf fencjhcbyu ÈÒ-cke;,s njkmrj 25% gfrtnf
frwbq ye;yj jcnfdkznm abhvt-hjlbntk., f jcnfkmyjq gfrtn ljk;ty
ghbyflkt;fnm njg-vtytl;vtyne ajhvbhetvjq rjvgfybb. Ìyt rf;tncz, xnj
tckb 'nb vtytl;ths edblzn d 'njq yjdjq cnherneht cdjq bynthtc, nj e yb[
gjzdbncz ujhfplj ,jkmit cnbvekjd ldbufnm tt dgthtl. Åckb ;t 100% frwbq
ghbyflkt;bn rjvgfybb-hjlbntk. b jcyjdyjve pfrfpxbre, nj 'nj ghfrnbxtcrb
ybxtv yt jnkbxftncz jn cbnefwbb, rjulf ÈÒ-jnltk yf[jlbncz d cjcnfdt
pfdjlf. Ó vtytl;thjd yjdjq rjvgfybb ytn ybrfrjq cdj,jls ghbyznbz
htitybq, 'nj nj ;t cfvjt cthdbcyjt ÈÒ-gjlhfpltktybt, njkmrj ntgthm
yfpsdftncz jyj gj-lheujve.
Ë.,jdm Ïthtgtkbwsyf: Âs pf,sdftnt, xnj ljxthyzz
rjvgfybz dsltktyf bp rhegyjuj ghtlghbznbz, f yt cjplfyf c yekz.
Ïthtlfxf frnbdjd d cj,cndtyyjcnm ljxthytq abhvs b hfcghtltktybz frwbq
chtlb njg-vtytl;vtynf – 'nj djghjc ,jkmib[ ltytu. Àrnbds b ljk. d
cj,cndtyyjcnb yjdjq abhvs dct-nfrb yflj regbnm. È[ ybrnj yt jnlfcn
ghjcnj nfr, lf;t d fhtyle. Íj tckb rfrfz-kb,j rjvgfybz vjukf ,s ghbqnb
yf ,jkmijq pfdjl, dsregbnm 'nb frnbds, cnfnm fencjhcthjv b gjllth;bdfnm
ÈÒ-cthdbcs, nj gjxtve nfr yt ghjbc[jlbn? Äf gjnjve, xnj gjlyznm b
jhufybpjdfnm nfrjq ,bpytc vj;tn njkmrj jxtym rhegyjt ghtlghbznbt. Ó
,jkmibycndf ÈÒ-rjvgfybq tcnm ;tkfybt ,scnhj pfhf,jnfnm, yj ytn ;tkfybz
drkflsdfnmcz d byahfcnhernehe b dscnhfbdfnm ljkujchjxysq, nheljtvrbq b
vfkjhtynf,tkmysq ,bpytc. Åckb ,s 'nj ,skj nfr kturj, nj cbcntvyst
byntuhfnjhs ,scnhtymrj ghbikb ,s, dkj;bkbcm b cltkfkb. Íj 'njuj yt
ghjbc[jlbn. Ïj'njve lkz vjkjljq ljxrb lj,bnmcz nfrjuj hfcghtltktybz
cj,cndtyyjcnb b frnbdjd ghjcnj ytdjpvj;yj.
Þhbq Ñfhfgekjd: ß yt cjukfcty. Íf vjq dpukzl,
ljujdjhbnmcz vj;yj, dtlm dct hfdyj e vfnthbycrjq rjvgfybb jcnftncz ljkz
d cj,cndtyyjcnb. È e yjdjq abhvs tcnm gthcgtrnbds hjcnf rfr cthdbcyjq
rjvgfybb yf ÈÒ-hsyrt. È ljujdfhbdfnmcz j gthtlfxt frnbdjd ye;yj
j,zpfntkmyj.
Ãbktk Ãktpth: ß yt levf., xnj cj,cndtyybrb ,elen
gthtlfdfnm ÈÒ-frnbds. Ýnj ;t d njv xbckt b frnbds d j,kfcnb ÀÑÓÒÏ, n.
t. yfghzve. pfdzpfyyst c nt[yjkjubxtcrbv j,jheljdfybtv, c tuj hf,jnjq.
Âc¸ 'nj yt nfr ghjcnj.
Ådutybq Ñtkbdfyjd: Êjytxyj, rfr rjvgfybz vj;tn
dpznm frnbds? Ôfrnbxtcrb jyf ljk;yf b[ regbnm gj jcnfnjxyjq ,fkfycjdjq
wtyt. À tckb vtytl;ths yjdjq rjvgfybb yt ujnjds ltkfnm nfrbt
ghbj,htntybz? Äf b rnj ;t ,eltn drkflsdfnm d byahfcnhernehe,
yf[jlzoe.cz yf «xe;jq» nthhbnjhbb? Òj tcnm 'nj ,eltn 100%-yjt ljxthytt
ghtlghbznbt vfnthbycrjq rjvgfybb. Êhjvt njuj, ytj,[jlbvj jwtybnm
ghbdktrfntkmyjcnm 'njuj ,bpytcf lkz nt[ vtytl;thjd, rjnjhst ,elen
eghfdkznm yjdjq rjvgfybtq. Åckb vs ujdjhbv j cfvjcnjzntkmyjv
ghtlghbznbb, nj jyj ljk;yj pfhf,fnsdfnm ltymub, yj ghb 'njv nht,etn
dkj;tybq. Êfr yfqnb cnjhjyyb[ bydtcnjhjd? Ñrjhtt dctuj d nfrb[ eckjdbz[
djghjcs cj,cndtyyjcnb ,elen htifnmcz d gjkmpe vfnthbycrjq rjvgfybb.
Ë.,jdm Ïthtgtkbwsyf: Ífdthyjt, djghjc frnbdjd ghjot
htiftncz lkz chtlyb[ rjvgfybq. Ít,jkmibt ghtlghbznbz, rfr ghfdbkj, yt
bvt.n rhegys[ ÈÒ-cke;, b j,hfof.ncz pf gjllth;rjq r cbcntvysv
byntuhfnjhfv. È njulf djghjc cnhfntubxtcrjuj fencjhcbyuf b frnbdjd
vj;tn htifnmcz ghjot. Íj lkz rhegys[ rjvgfybq 'nj dctulf cdzpfyj c
djghjcfvb ,tpjgfcyjcnb, yfyznsv yf gjcnjzyye. hf,jne gthcjyfkjv b n. l.
Ïhj,ktvs gthcjyfkf
Êjycnfynby Çbvby: Åot jlby ,jkmyjq vjvtyn –
gcb[jkjubxtcrbt ghj,ktvs gthcjyfkf ghb gtht[jlt yf fencjhcbyu. Çltcm
rfr vbybvev ldt ghj,ktvs. Ïthdfz: lfktrj yt dct cjnhelybrb ÈÒ-jnltkf
ujnjds gthtqnb d yjde. rjvgfybb., b pltcm ytbp,t;ys gjnthb. Ïhbxtv
gjnthb, rfr ghfdbkj, chtlb kexib[ cjnhelybrjd. À c ybvb eqltn b jgsn
hf,jns yf hjlyjv ghtlghbznbb, jgsn, rjnjhsq ytdjpvj;yj ,eltn djpvtcnbnm
pf cxtn eckeu fencjhcbyuf, rfr ,s yb ,skf [jhjif rjvgfybz, b[
ghtljcnfdkz.ofz. Ïjnjve xnj cnfhst cjnhelybrb pyf.n dc¸ j njv, c rfrbvb
ghj,ktvfvb vs cnfkrbdfkbcm b xnj ltkfkb. Îyb pyf.n, crjkmrj cbk ye;yj
gjnhfnbnm yf b[ htitybt, b gjkmpe.ncz ljdthbtv d cdjtq rjvgfybb. Âctuj
'njuj ytn e cjnhelybrjd abhvs-fencjhcthf. Ó[jl k.ltq, rjnjhst pyfkb,
rfr j,tcgtxbnm ghfdbkmye. hf,jne, yfytctn cthmtpysq eoth,
ghjbpdjlbntkmyjcnb. Êfr jwtybnm ljgjkybntkmyst hfc[jls, yf rjnjhst
ghbltncz gjqnb d gjgsnrt rjvgtycbhjdfnm gjnth. rdfkbabwbhjdfyys[ b
pyf.ob[ cjnhelybrjd?
Àktrcfylh Êhtcnmzyjd: Êflhjdsq – 'nj jlby bp cfvs[
df;ys[ djghjcjd fencjhcbyuf. Íf jlyjv vtnfkkehubxtcrjv ghtlghbznbb
dsdjlbkb dcgjvjufntkmyjt gjlhfpltktybt, nfr djn, bp itcnbcjn xtkjdtr lj
yjdjq jhufybpfwbb «ljikj» dctuj ldtcnb. Ýnj ghb njv, xnj afrnbxtcrb dct
aeyrwbb b pfhf,jnyfz gkfnf jcnfkbcm ntvb ;t. Â htpekmnfnt afrnbxtcrb
ghbikjcm yfybvfnm lheub[. Åcntcndtyyj, xnj rjvgtntywbz ,skf gjnthzyf.
Êfrbt 'nj ,skb gjnthb lkz ghtlghbznbz, gjlcxbnfnm jxtym ckj;yj. ×nj e;
ujdjhbnm ghj ,jktt byntkktrnefkmyst cthdbcs, nfrbt rfr ÈÒ, ult kbxyfz,
ybult yt ljrevtynbhjdfyyfz rjvgtntywbz yfrfgkbdfkfcm ujlfvb d
cjdthityyj hfpys[ hfphtpf[, b jwtybnm hbcrb gjnthb 'njq rjvgtntywbb
ghjcnj abpbxtcrb ytdjpvj;yj. Åckb ghjuhfvvyjt j,tcgtxtybt, j,jheljdfybt
b lheubt jcyjdyst ajyls vj;yj jwtybnm, regbnm, gthtlfnm yf
j,cke;bdfybt, nj rflhs — cfvsq rhbnbxysq b nhelyj djcgjkyztvsq htcehc.
Êjycnfynby Çbvby: Âdble 'njuj ghb ds[jlt, rfr
gjrfpsdftn jgsn, ghb[jlbncz bpscrbdfnm genb gjdsitybz pfhgkfns, gj
rhfqytq vtht lkz rk.xtds[ cjnhelybrjd. Ðfpvths 'njuj gjdsitybz, gj
ckjdfv ÈÒ-lbhtrnjhjd, vjuen cjcnfdkznm 10--15%. Ânjhfz ghj,ktvf,
cdzpfyyfz c gthcjyfkjv, – 'nj gjnthz kjzkmyjcnb. Ïhtlfyyjcnm
cgtwbfkbcnjd fencjhcbyujdjq rjvgfybb ybrjulf yt ,eltn hfdyf ghtlfyyjcnb
dyenhtyyb[ cjnhelybrjd: gthds[ ytkmpz pfcnfdbnm hf,jnfnm yjxm., d
ht;bvt fdhfkf, 'nj nht,etn ljgjkybntkmys[ ltytu. Êjvgfybz jrf;tncz d
ghjbuhsit gjnjve, xnj ytdjpvj;yj jn cjnhelybrjd fencjhcbyujdjq rjvgfybb
lj,bnmcz njuj ;t ehjdyz kjzkmyjcnb, rfrjq vj;yj djcgbnfnm d cdjb[
cj,cndtyys[. Åckb r 'njve lj,fdbnm pfnhfns, cdzpfyyst c gjnthzvb pyfybq
b jgsnf, nj fencjhcbyu dsqltn ljhj;t, xtv cdjz cke;,f, b yb j rfrjv
gjdsitybb 'aatrnbdyjcnb ghjcnj htxb ,snm yt vj;tn. Ñeotcndetn vytybt,
xnj ÈÒ-fencjhcbyu yt ,eltn gjgekzhty bvtyyj gj 'nbv gcb[jkjubxtcrbv
ghbxbyfv.
Ífnfkmz Ñfhfgekjdf: Íf vjq dpukzl, gjnthz
kjzkmyjcnb vj;tn rjvgtycbhjdfnmcz gjdsitybtv eghfdkztvjcnb. Àencjhcbyu
ytbp,t;yj ghbdjlbn r ajhvfkbpfwbb jnyjitybq vt;le ghtlghbznbzvb. È
,kfujlfhz cthdbcyjve gjl[jle 'nf ajhvfkbpfwbz rfcftncz yt njkmrj
dytiyb[ ghjwtccjd, yj b dyenhtyyb[. Ðfymit, ,sdfkj, hf,jnfkb b gj yjxfv
b ds[jlysv, b ybrnj yt pflevsdfkcz, yfcrjkmrj 'nj ytj,[jlbvj. Òtgthm ;t
tcnm gjkyfz ajhvfkbpfwbz jnyjitybq, d hfvrf[ rjnjhjq ghjwtccs
dscnhfbdf.ncz nfrbv j,hfpjv, xnj,s bp,t;fnm fdhfkmys[ cbnefwbq, extcnm
dct htcehcs b j,tcgtxbnm ,tcgtht,jqyjcnm cthdbcjd vbybvfkmysvb
ecbkbzvb. È tckb hfymit 'nj ,sk djghjc cjpyfntkmyjcnb rjyrhtnyjuj
xtkjdtrf — cvjuen kb tuj eujdjhbnm ds[jlbnm yf hf,jne d ytehjxyjt
dhtvz, nj ntgthm 'nj djghjc ltytu. Åcnm abrcbhjdfyyst nfhbas yf eckeub,
d njv xbckt b pf yjxye. hf,jne bkb chjxyjcnm, b rf;lsq herjdjlbntkm e;t
jwtybdftn, ujnjd kb jy pfgkfnbnm ljgjkybntkmyst chtlcndf pf nj, xnj,s
cgtwbfkbcn ghbt[fk ghzvj ctqxfc, bkb jy ujnjd ytvyjuj gjlj;lfnm.
Áscnhj bkb gjcntgtyyj?
Êjycnfynby Çbvby: Åckb ytcvjnhz yf dct
dsitgthtxbcktyyst ghj,ktvs, herjdjlcndj dct-nfrb ghbybvftn htitybt j
dsdjlt ÈÒ-ltgfhnfvtynf yf fencjhcbyu, nj rfrfz nfrnbrf ds[jlf gj dfitve
vytyb. ghtlgjxnbntkmytq: ,scnhsq dsdjl yf fencjhcbyu ,jkmitq xfcnb
ÈÒ-cthdbcjd bkb gjcntgtyyjt dsltktybt eprb[ aeyrwbq? Êfrjds gk.cs b
vbyecs j,jb[ gjl[jljd?
Ñeotcndetn vytybt, xnj nfrnbrf gjkyjcnm. pfdbcbn jn wtktq
herjdjlcndf rjvgfybb b ÈÒ-lbhtrnjhf. Åckb ye;yj gjkexbnm 'aatrn d
ytcrjkmrj ghjwtynjd 'rjyjvbb pfnhfn, nj vj;yj gjcntgtyyj dsdjlbnm yf
fencjhcbyu jlye cke;,e pf lheujq. Åckb ;t ytj,[jlbv ceotcndtyyj ,jkmibq
'aatrn, nj ye;yj dsdjlbnm dtcm ÈÒ-jnltk wtkbrjv, yt hfphsdfz tuj
ghjwtccjd b cj[hfyzz rjvfyle.
Þhbq Ñfhfgekjd: Ïthtdjl ÈÒ-cke;,s yf fencjhcbyu —
'nj njyrjt ltkj, b yf vjq dpukzl, pltcm hfpevyj njkmrj gj'nfgyjt
ldb;tybt. Ðtprbq dsdjl dctq ÈÒ-cke;,s «pf pf,jh» -- uhe,tqifz jib,rf.
Ë.,jdm Ïthtgtkbwsyf: Åckb dct ;t ghbyznj htitybt gj
dsdjle gjlhfpltktybz yf fencjhcbyu, nj ÈÒ-lbhtrnjh d gthde. jxthtlm
ljk;ty ,snm ujnjdsv r lkbntkmyjq b rhjgjnkbdjq hf,jnt gj dscnhfbdfyb.
«yjds[» dpfbvjjnyjitybq cj dctvb cke;,fvb vfnthbycrjq rjvgfybb. Ítn
ujnjds[ vtnjlbr, yf rf;ljv ghtlghbznbb cdjb ghfdbkf, b 'nj jxtym
gjcktljdfntkmyfz b lkbntkmyfz hf,jnf, ,tp rjnjhjq ybrfrjuj hjcnf
'aatrnbdyjcnb yt ,eltn. Ïj'njve, yf vjq dpukzl, yfb,jktt ghfdbkmyjq
ajhvjq dsdjlf zdkztncz 'djk.wbjyyfz.
Ñ xtuj vj;yj yfxfnm? Ìyt rf;tncz, xnj yfb,jktt ghjcnjq dfhbfyn – 'nj
nt[ybxtcrfz gjllth;rf j,jheljdfybz. Íf ctujlyziybq ltym dtyljhs b
cbcntvyst byntuhfnjhs e;t jrfpsdf.n nt[ybxtcre. gjllth;re, yj vjuen
ltkfnm 'nj d ,jkmib[ j,]tvf[. Â cdj. jxthtlm, ÈÒ-j,jheljdfybt b ÏÎ
hfpdbdf.ncz nfr ,scnhj, xnj vs yf cdjb[ ghjvsiktyys[ ghtlghbznbz[ pf
ybvb euyfnmcz e;t yt d cjcnjzybb. Ñnfyjdbncz dct ckj;ytt elth;bdfnm nt[
cgtwbfkbcnjd, rjnjhst vjuen yf ljk;yjv ehjdyt jrfpsdfnm nt[ybxtcre.
gjllth;re. Ïj'njve pltcm fencjhcbyu vj;tn yfqnb ct,t ghbvtytybt ght;lt
dctuj.
Êjycnfynby Çbvby: Ýnb vytybz cjdgflf.n c ntv, xnj d
gjcktlytt dhtvz ytjlyjrhfnyj dscrfpsdfkb pfgflyst fyfkbnbrb: bynthtc r
cnhfntubxtcrjve fencjhcbyue gflftn, rhegyst ljujdjhf yf gjcnfdre
fencjhcbyujds[ eckeu pfrk.xf.ncz dct ht;t. È ltkj yt d njv, xnj
pfrjyxbkbcm rkbtyns, rfr 'nj gsnf.ncz nhfrnjdfnm gjcnfdobrb eckeu
fencjhcbyuf, f d njv, xnj gjregfntkb dct xfot ghtlgjxbnf.n j,hfofnmcz r
fennfcrbyue. Ïj cnfnbcnbrt rjvgfybb dct ht;t pfrk.xf.n rhegyst ljujdjhf
c jlybv fencjhcthjv. Âvtcnj 'njuj jyb gjkmpe.ncz eckeufvb ytcrjkmrb[
gjcnfdobrjd, ljdthzz bv htitybt eprb[ ,bpytc-pflfx. Ïhb 'njv
cjrhfoftncz yt njkmrj j,]tv ljujdjhf, yj b chjrb tuj bcgjkytybz.
Êfr z e;t ujdjhbk, ghb gjlujnjdrt 'njuj rheukjuj cnjkf vs ghjdtkb
yt,jkmijq jghjc chtlb xktyjd rke,f CIO Ìtnfkkehubb. Îndtns yf djghjcs j
nt[ hf,jnf[, rjnjhst e;t jnlfys b gkfybhetncz jnlfnm ghbdtltys yf hbc.
3. Âblyj, xnj d j,jb[ ckexfz[ kblbhe.n gjllth;rf fggfhfnys[ chtlcnd b
jnltkmys[ ,bpytc-ghbkj;tybq. Ïhb 'njv gjlfdkz.ott ,jkmibycndj
jndtnbdib[ erfpfkb jlye-ldt hf,jns, b njkmrj jlby jnvtnbk dct itcnm
geyrnjd. Ýnj gjlndth;lftn ghbdth;tyyjcnm r 'djk.wbjyyjve genb gtht[jlf
yf fencjhcbyu, gjcntgtyyjve dsdjle jnltkmys[ cthdbcjd. Êcnfnb,
cjdthityyj fyfkjubxye. rfhnbye vs gjkexbkb ghb jghjct ÈÒ-lbhtrnjhjd d
2005 ujle (hbc. 4).
Ävbnhbq Êekfuf: Ïj'nfgyfz nfrnbrf hfpevyf, yj c
lheujq cnjhjys, tckb ujdjhbnm j dsdjlt rfrb[-nj jnltkmys[ cthdbcjd, nj
nen ye;yj yt pf,sdfnm j uke,jrjq cdzpb 'nb[ ÈÒ-cthdbcjd lheu c lheujv.
În rfyfkjd cdzpb pfdbczn ghjcnjb ÊÈÑ, jn ljcnegyjcnb cthdthf pfdbcbn,
rfr ,scnhj ,eltn jnuhe;ty fhtyljdfyysq d ÐÆÄ dfujy. È rjulf hfpysvb
cthdbcfvb pfybvf.ncz hfpyst jhufybpfwbb, vj;tn gjkexbnmcz rfr d
bpdtcnyjq vbybfn.ht Ædfytwrjuj: «Ê geujdbwfv ghtntypbb tcnm?».
Âfkthbq Ñnfhxfr: Êhjvt njuj, ghb dsdjlt
jlyjdhtvtyyj ,jkmijuj rjkbxtcndf ÈÒ-eckeu gjzdkztncz djpvj;yjcnm lkz
vfytdhf: tckb ult-nj ghjcxbnfkcz, jib,re vj;yj rjvgtycbhjdfnm lheubvb
yfghfdktybzvb. Ìj;yj ,fkfycbhjdfnm rjkbxtcndjv cgtwbfkbcnjd yf hfpys[
eckeuf[ lkz hfpys[ ghtlghbznbq. ×tv ,jkmit eckeu z jrfpsdf., ntv ghjot
lkz vtyz rfr herjdjlbntkz ghbyznm 'rjyjvbxtcrb ghfdbkmyjt htitybt.
Âjghjc ds;bdftvjcnb cnjbn dj ukfdt eukf, 'nj dtlm yt rjvvthwbz.
Ãbktk Ãktpth: Ïjpdjk. ct,t gjdnjhbnmcz: ctujlyz,
eds, ytn htitybq b vtnjlbr, c gjvjom. rjnjhs[ vj;yj ,skj ,s
ajhvfkbpjdfnm jwtyre 'aatrnbdyjcnb b rfxtcndf ibhjrjuj rheuf ÈÒ-eckeu.
Ïj'njve tckb e; htitybt j, fencjhcbyut ghbyznj, nj yfxbyfnm ye;yj c
dsdjlf yf fencjhcbyu nt[ ÈÒ-cthdbcjd, rjnjhst yfb,jktt ghjcns b jwtyre
rjnjhs[ e;t ctujlyz vj;yj jceotcndkznm dgjkyt ajhvfkbpjdfyyj, ,tp
crbljr b jukzlrb yf vt;kbxyjcnyst jnyjitybz. Ífghbvth, c ecnfyjdrb b
j,cke;bdfybz dsxbckbntkmyjq b jhunt[ybrb. Íj ghb 'njv yflj xtnrj
gjybvfnm, xnj dsdjl jnltkmys[ ÈÒ-cthdbcjd bp j,otuj rjvgktrcf dtltn r
e[elityb. eghfdkztvjcnb d ÈÒ-cke;,t, bp rjnjhjq jyb dsdjlzncz. Ìs
hfphsdftv cdzpb d ÈÒ-cke;,t b cjplftv ljgjkybntkmyst pflfxb gj tt
eghfdktyb..
Êjycnfynby Çbvby: Ätqcndbntkmyj, vyjubt cgtwbfkbcns
jnvtxf.n, xnj gtht[jl yf cthdbcyj-jhbtynbhjdfyye. vjltkm cjghjdj;ltybz
ÈÒ cdzpfy c ljgjkybntkmysvb pfnhfnfvb yf dytlhtybt htuekzhyjuj
vtytl;vtynf d ÈÒ-gjlhfpltktybb. Êcnfnb, bvtyyj gj'njve tckb d rfxtcndt
gj,elbntkmyjuj vjnbdf gtht[jlf yf dytiy.. ajhve ghtljcnfdktybz
ÈÒ-cthdbcjd hfccvfnhbdftncz djpvj;yjcnm 'rjyjvbb, nj crjhtt dctuj
fencjhcbyu ,eltn ytelfxysv. È yfi jghjc gjrfpsdftn, xnj hbcrb,
cdzpfyyst c djghjcfvb eghfdktybz (dscnhfbdfybt jnyjitybq c gjlhzlxbrjv,
j,ofz phtkjcnm eghfdktybz b rjynhjkm pf fencjhcbyujdjq rjvgfybtq), –
cfvst dscjrbt (hbc. 5). Åcntcndtyyj, xnj ghjnbdjltqcndbt 'nbv hbcrfv
nht,etn ljgjkybntkmys[ pfnhfn. Ïj'njve d rhfnrjchjxyjq gthcgtrnbdt
fencjhcbyu yt vj;tn ghbdtcnb r cyb;tyb. pfnhfn.
Îlyfrj, dct dsityfpdfyyst ghj,ktvs [jnm b ceotcndtyyj vtif.n
rjvgfybzv ldbufnmcz gj genb fencjhcbyuf, yj yt vtyz.n tuj rfr
cnhfntubxtcrjuj yfghfdktybz hfpdbnbz. Çfvtnmnt, lf;t ytrjnjhjt
pfvtlktybt htfkbpfwbb ÈÒ-fencjhcbyuf yf pfgflt dspdfyyjt
jhufybpfwbjyysvb b hsyjxysvb ghj,ktvfvb, ghb 'njv cjdthityyj yt
jnvtyztn cnhfntubxtcrb[ ghtbveotcnd fencjhcbyuf. Ïhb ghfdbkmyjv
'rjyjvbxtcrjv j,jcyjdfybb (rjnjhjuj gjrf ytn) b 'djk.wbjyyjq b
jcnjhj;yjq nfrnbrt fencjhcbyu d j,kfcnb ÈÒ – ytcjvytyyj gjkj;bntkmyjt
zdktybt. È dctv ÈÒ-lbhtrnjhfv yflj r 'njve ujnjdbncz.
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