dto haber - Denizli Ticaret Odası

Transkript

Hisarcıklıoğlu’ndan seçim değerlendirmesi:
Yeniden ekonomiye ve yapısal
reformlara odaklanmalıyız
Sayfa 20
Türkiye Odalar ve Borsalar Birliği (TOBB) Başkanı M. Rifat Hisarcıklıoğlu, 30 Mart 2014 yerel seçimler sonrasında bir mesaj yayımladı. Mesajında demokrasiye vurgu
yapan Hisarcıklıoğlu, yeniden ekonomiye ve yapısal reformlara odaklanılması gerektiğini söyledi.
30 Mart 2014 yerel seçimlerinde milletin büyük bir olgunluk ve
\NVHNELUNDWÕOÕPLOHVDQGÕNODUDJLWWL÷LQLYHELUGHIDGDKDGHPRNUDVL\HVDKLSoÕNWÕ÷ÕQÕLIDGHHGHQ%DúNDQ+LVDUFÕNOÕR÷OX³0LOOL
LUDGHQLQVDQGÕ÷D\DQVÕPDVÕ\OD\HUHO\|QHWLPOHUGH\HQLELUG|QHP
EDúODPÕúWÕUhONHPL]KHGHÀHULQHGR÷UX\RODOÕUNHQKULUDGHVLQLRUWD\DNR\DQPLOOHWLPL]LoLQVHoLPOHULQKD\ÕUOÕROPDVÕQÕGLOL\RU
VHoLOHQWPEDúNDQODUDYH\|QHWLFLOHUHEDúDUÕODUGLOL\RUXP6HoLP
G|QHPLQLQVRQDHUPHVL\OHELUOLNWH\HQLGHQHNRQRPL\HYH\DSÕVDO
UHIRUPODUDRGDNODQPDOÕ\Õ]5HHOVHNW|UHD÷ÕUOÕNYHUHUHNUHWLPL
YHLKUDFDWÕPLOOLPHVHOHRODUDNDOJÕODPDOÕYHDUWÕUPDOÕ\Õ].UHVHO
UHNDEHWLQJLGHUHNDUWWÕ÷ÕJQP]NRúXOODUÕQGDUHWLPYHLKUDFDW
PDOL\HWOHULQLQD]DOWÕOPDVÕUHHOVHNW|UQ]HULQGHNL\NOHULQLQGLULOPHVLJLUGLPDOL\HWOHULQLQPDNXOVHYL\HOHUHoHNLOPHVL|QFHOLNOL
Sayfa 6’da
KHGHÀHULPL]ROPDOÕGÕU´GHGL
%DüNDQg]HU757$YD]
GD
'HQL]OL
\LWDQ×WW×
ǁǁǁ͘ĚƚŽ͘ŽƌŐ͘ƚƌ
zŦů͗ϱͻ^ĂǇŦ͗ϱϵͲDĂƌƚϮϬϭϰ
/^Ê͗ϮϭϰϳͲϴϳϬϴmĐƌĞƚƐŝǌĚŝƌ
ϭϰ͘ϬϬϬĂĚĞƚďĂƐŦůŵŦƔƨƌ͘
Denizli Ticaret Odası, 26-29 Mart 2014 tarihleri arasında düzenlenen 20. Marble Uluslararası
Doğaltaş ve Teknolojileri Fuarı'nda stant açan Denizlili firmaları yalnız bırakmadı
0DUEOH'RùDOWDüYH7HNQRORML)XDU×·QD
'(1ú=/ú'$0*$6,
ø]PLU)XDUFÕOÕN+L]PHWOHUL.OWU
YH 6DQDW øúOHUL 7LFDUHW $ù ø=)$ù WDUDIÕQGDQ RUJDQL]H HGLOHQ
YH'HQL]OLOL¿UPDQÕQNDWÕOÕPÕ\OD JHUoHNOHúWLULOHQ IXDUÕQ DoÕOÕúÕ
LoLQW|UHQG]HQOHQGL
7|UHQH (NRQRPL %DNDQÕ 1LKDW
=H\EHNFL 'HQL]OL 7LFDUHW 2GDVÕ
<|QHWLP .XUXOX %DúNDQÕ YH7UNL\H 2GDODU YH %RUVDODU %LUOL÷L
72%% <|QHWLP .XUXOX h\HVL
1HFGHWg]HU'HQL]OL7LFDUHW2GDVÕ 0HFOLV %DúNDQÕ +DELE <ÕOGÕ]
'HQL]OL 7LFDUHW %RUVDVÕ <|QHWLP
.XUXOX %DúNDQÕ øEUDKLP 7HIHQOLOL (VQDI 2GDODU %LUOL÷L %DúNDQÕ
0XVD dHOLNNRO 'HQL]OL øKUDFDWoÕODU %LUOL÷L %DúNDQÕ 6OH\PDQ
.RFDVHUW 'HQL]OL 0DGHQFLOHU YH
0HUPHUFLOHU 'HUQH÷L %DúNDQÕ
0HKPHW +LNPHW dHOLNNRO LOH GL÷HUSURWRNRO\HOHULNDWÕOGÕ)XDUÕQ
DoÕOÕúÕ VRQUDVÕQGD 'HQL]OLOL SURWR- FL 7UNL\H¶QLQ dLQ YH øWDO\D¶GDQ
NRO\HOHULVWDQWDoDQ'HQL]OLOL¿U- VRQUD oQF VÕUDGD \HU DOGÕ÷ÕQÕ
PDODUÕWHNWHN]L\DUHWHWWL
DQFDN ELULQFL VÕUD\D JHOPHPHVL
)XDUOD LOJLOL GH÷HUOHQGLUPH \DSDQ LoLQKLoELUQHGHQLQEXOXQPDGÕ÷ÕQD
(NRQRPL %DNDQÕ 1LKDW =H\EHN- LúDUHWHGHUHN³7UNL\HGR÷DOWDúWD
Denizli Ticaret
Odası’ndan yurt içi ve
yurtdışındaki araştırma
merkezlerinde inceleme
'HQL]OL 7LFDUHW 2GDVÕ ³'HQL]OL 7HNVWLO <HQLOLN YH
7DVDUÕP´ LVLPOL SURMH NDSVDPÕQGD $YUXSD¶GD YH
7UNL\H¶GH EXOXQDQ DUDúWÕUPD PHUNH]OHULQGH LQFHOHPHOHUJHUoHNOHúWLUGL
Sayfa 5’te
ELUQXPDUDRODELOHFHNWP]HQJLQOLNOHUHVDKLSWLU7UNL\HPLO\DU
GRODUOÕNLKUDFDWUDNDPÕQDXODúPÕúWÕU%XQXQ\DUÕVÕQÕEORNRODUDNLKUDoHWPHNWHGLU%XIXDUGDELUXPXW
%DüNDQg]HU72%%KH\HWL
LOHELUOLNWHúVODP7LFDUHWYH
6DQD\L2GDV×*HQHO.XUXOX·QGD
7UNL\H2GDODUYH%RUVDODU
%LUOL÷L 72%% <|QHWLP
.XUXOX h\HVL YH 'HQL]OL 7LFDUHW 2GDVÕ <|QHWLP
.XUXOX %DúNDQÕ 1HFGHW
g]HU72%%%DúNDQÕ5LIDW
+LVDUFÕNOÕR÷OX LOH ELUOLNWH
7XQXV¶WD JHUoHNOHúWLULOHQ
øVODP 7LFDUHW øVODP 7LFDSayfa 20’de
UHW YH 6DQD\L 2GDVÕ *HQHO .XUXOX¶QD YH<|QHWLP
.XUXOX WRSODQWÕVÕQD NDWÕO- <|QHWLP .XUXOX h\HVL YH WLP.XUXOX%DúNDQÕ6HOoXN
GÕ 7RSODQWÕODUGD 72%% .RQ\D7LFDUHW2GDVÕ<|QH- g]WUNGHKD]ÕUEXOXQGX
J|UGP \ÕO |QFHNL IXDUGD \DEDQFÕPDNLQHOHULQoR÷XQOX÷XYDUGÕEXJQ7UNPDNLQHVHNW|UQQ
D÷ÕUOÕ÷Õ YDU øQúDOODK GDKD ID]OD
WHNQRORMLLKUDoHGHFH÷L]´GHGL
'HQL]OL7LFDUHW2GDVÕ*QH\(JH.DONÕQPD$MDQVÕ
*(.$ WDUDIÕQGDQ \UWOHQ \ÕOÕ 'R÷UXGDQ
)DDOL\HW 'HVWH÷L 3URJUDPÕ NDSVDPÕQGD KD]ÕUODGÕ÷Õ
³'HQL]OL7HNVWLO<HQLOLNYH7DVDUÕP´LVLPOLSURMH\L
Sayfa 2’de
KD\DWDJHoLUGL
TOBB Yönetim Kurulu Üyesi
Necdet Özer, ABİGEM Projesi 2.
Danışma Komitesi’ne başkanlık etti
X\JXODQPD\DEDüODQG×
$YUXSD%LUOL÷L7UNL\Høú*HOLúWLUPH0HUNH]L$%ø*(03URMHVL'DQÕúPD.RPLWHVL7RSODQWÕVÕ7UNL\H2GDODUYH%RUVDODU%LUOL÷L72%%<|QHWLP.XUXOX h\HVL 1HFGHW g]HU¶LQ EDúNDQOÕ÷ÕQGD72%%¶GD
\DSÕOGÕ
Sayfa 7’de
(OHNWURQLN IDWXUD HIDWXUD X\JXODPDVÕ YHUJL PHY]XDWÕPÕ]D GDKLO HGLOPLú EXOXQPDNWDGÕU gQFHOLNOL RODUDN V|] NRQXVX JHQHO WHEOL÷GH EHOLUWLOHQ NRúXOODUÕ VD÷OD\DQ PNHOOHÀHULQ
NHQGLLVWHNOHULLOHVHoHELOHFH÷LELUX\JXODPDRODUDNEDúOD\DQ
HIDWXUDX\JXODPDVÕHNRQRPLNKD\DWWDNLJHOLúPHOHUYHYHUJL
JHOLUOHUL\|QQGHQNULWLN|QHPHVDKLSED]ÕVHNW|UOHUGHIDDOL\HWJ|VWHUHQPNHOOHÀHULOHEXPNHOOHÀHUGHQPDOYHKL]PHW
DOÕúYHULúLQGH EXOXQDQ YH EUW VDWÕú KDVÕODWÕ \|QQGHQ EHOOL
|OoOHUL DúDQ PNHOOHÀHU LoLQ HIDWXUD X\JXODPDVÕ EHOLUWLOHQ
Sayfa 4’te
PNHOOHIJUXSODUÕLoLQ]RUXQOXKDOHJHWLULOPLúWLU
2
DĂƌƚϮϬϭϰ
ĞŶŝǌůŝdŝĐĂƌĞƚKĚĂƐŦ
Denizli Ticaret Odası’ndan yurt
içi ve yurtdışındaki araştırma
merkezlerinde inceleme
DTO HABER
2ULRQ)XDUF×O×N
\HWNLOLOHULQGHQ'HQL]OL
7LFDUHW2GDV×·QD]L\DUHW
'HQL]OL 7LFDUHW 2GDVÕ
³'HQL]OL 7HNVWLO <HQLOLN
YH 7DVDUÕP´ LVLPOL SURMH
NDSVDPÕQGD$YUXSD¶GDYH
7UNL\H¶GH EXOXQDQ DUDúWÕUPDPHUNH]OHULQGHLQFHOHPHOHUJHUoHNOHúWLUGL
'HQL]OL7LFDUHW2GDVÕ*QH\(JH.DONÕQPD$MDQVÕ
*(.$ WDUDIÕQGDQ \UWOHQ \ÕOÕ 'R÷UXGDQ
)DDOL\HW'HVWH÷L3URJUDPÕ
NDSVDPÕQGD KD]ÕUODGÕ÷Õ
YH7DVDUÕP´LVLPOLSURMH\L
KD\DWDJHoLUGL
Hohenstein ve
(PSDDUDúWÕUPD
enstitülerindeki
incelemeler
3DPXNNDOH hQLYHUVLWHVL
7HNQRORML*HOLúWLUPH%|OJHVL3$h7HNQRNHQWRUWDNOÕ÷ÕLOHX\JXODQDQSURMH
NDSVDPÕQGD +RKHQVWHLQ
$OPDQ\D YH (PSD øVYLoUHDUDúWÕUPDHQVWLWOHUL 'HQL]OL 7LFDUHW 2GDVÕ
<|QHWLP .XUXOX %DúNDQ
<DUGÕPFÕVÕ6DOLK6DUÕND\D
YH <|QHWLP .XUXOX h\HVL %LODO *|UHQ WDUDIÕQGDQ
]L\DUHW HGLOGL øQFHOHPHOHUGH PHUNH]OHU KDNNÕQGD
ELOJLOHU DOÕQGÕ YH 'HQL]OL
HNRQRPLVLPHUNH]\HWNLOLOHULQHWDQÕWÕOGÕ
\ÕOÕQGD DLOH úLUNHWL
RODUDN KL]PHW YHUPH\H
EDúOD\DQ YH JQP]GH úLUNHW YH YDNÕIÕQ
RUWDN oDWÕVÕQGD ELUOHúHQ
+RKHQVWHÕQ (QVWLWVQQ
\ÕOÕQGDQEX\DQD\|QHWLFLOL÷LQL VWOHQHQ 3URI
6WHIDQ 0HKHOV \ÕOGD
DUDúWÕUPDODUÕQÕ PHYFXW
G]H\H JHWLULS GQ\DFD
QOELUDUDúWÕUPDPHUNH]L
ROPD\ÕEDúDUGÕNODUÕQÕGLOH
JHWLUGL
ODUOD JHOLúWLUPHOHUL JHUHNWL÷LQL VUHNOL SODQODGÕNODUÕQÕV|\OHGL
øVYLoUH¶GH IDDOL\HW J|VWHUHQ (PSD LVH øVYLoUH
KNPHWL WDUDIÕQGDQ GD
GHVWHNOHQL\RU
$YUXSD
G]H\LQGHNL
DUDúWÕUPD
HQVWLWOHUL LoLQGH )+*
$OPDQ 1RNLD 3KLOLSV
6LHPHQV ,%0 JLEL |]HO
úLUNHWOHUGHQVRQUDVÕUDGD \HU DODQ (PSD GQ\D
JHQHOLQGH LVH \DSWÕNODUÕ
oDOÕúPDODUQHWLFHVLQGH
VÕUDGD \HU DOÕ\RU (PSD
DUDúWÕUPDODUÕQGD RGDNODQGÕNODUÕ DODQODU úX úHNLOGHGLU ³1DQR \DSÕOÕ PDO]HPHOHU IRWRYRWDLN JQHú
HQHUMLVL
VUGUOHELOLU
\DSÕODUOD LOJLOL oDOÕúPDODU
HWNLQ\DOÕWÕPWHNQLNOHULQLQ
\DSÕODQPDVÕ DNÕOOÕ ELQD
WHNQRORMLOHULYHGR÷DOND\QDNODUYHNLUOHWLFLOHU¶
Adana ÜSAM’daki
inceleme
YH 7DVDUÕP´ LVLPOL SURMH
NDSVDPÕQGD $GDQD YH
ø]PLUDUDúWÕUPDPHUNH]OHULQGH LQFHOHPHOHU JHUoHN0HUNH]OHULQL ¿QDQVH HW- OHúWLUGL $GDQD hQLYHUVLmekte güçlük çekmedik- WH6DQD\L2UWDN$UDúWÕUPD
OHULQLLIDGHHGHQ\HWNLOLOHU 0HUNH]L¶QH$GDQDh6$0\|DUDúWÕUPDODUÕQÕ \ÕO- QHOLNLQFHOHPHOHU3DPXNOÕNSODQODPDODUODRUJDQL]H NDOH hQLYHUVLWHVL 7HNVWLO
g÷UHWLP
HWWLNOHULQL LúOHWPHOHULQL 0KHQGLVOL÷L
KDQJLH÷LWLPYHHNLSPDQ- h\HVL 'Ro 'U <ÕOGÕUD\
7XUKDQYH'HQL]OL7LFDUHW
2GDVÕ*HQHO6HNUHWHU<DUGÕPFÕVÕ $ND\ *QGR÷DQ
WDUDIÕQGDQ JHUoHNOHúWLULOGLø]PLU7HNVWLO$UDúWÕUPD
/DERUDWXYDUODUÕLQFHOHPHOHULQGH7XUKDQ¶ÕQ\DQÕVÕUD
YH 'HQL]OL 7LFDUHW 2GDVÕ
3URMH0GU*OKDQg]JUKD]ÕUEXOXQGX
$GDQD h6$0 ]L\DUHWLQGH h6$0 *HQHO .RRUGLQDW|U 3URI 'U +DPLW
6HUEHVW 0HUNH] 0GU
dL÷GHP 6H]HU YH 0HUNH]
8]PDQÕ6LEHOhUHQLOHoHúLWOL J|UúPHOHU \DSÕOGÕ
*|UúPHOHULQ DUGÕQGDQ
LVHdXNXURYDhQLYHUVLWHVL
7HNVWLO 0KHQGLVOL÷L %|OP%DúNDQÕ3URI'U2VPDQ %DEDDUVODQ g÷UHWLP
h\HOHUL 'Ro 'U 1LKDW
dHOLN YH $Uú *|U øONDQ
g]NDQGD]L\DUHWHGLOHUHN
ELOJLOHUDOÕQGÕ
6DGHFH $GDQD¶\D GH÷LO
0HUVLQ 7DUVXV .DKUDPDQPDUDú
*D]LDQWHS
$QWDN\D
øVNHQGHUXQ
YH 1L÷GH JLEL LOOHUL GH
NDSVD\DFDN úHNLOGH WP
E|OJH\H KL]PHW YHUHQ
h6$0¶ÕQ WHPHO DPDFÕ
ELOJL\LHNRQRPLNYHWRSOXPVDO ID\GD\D G|QúWUHQLQRYDV\RQ\HWHQH÷LQLQ
HQ |QHPOL ELOHúHQL RODQ
QLYHUVLWHVDQD\L HWNLOHúLPLQHRUWDPKD]ÕUODPDNYH
E|OJH VDQD\LLQLQ UHNDEHW-
oLOL÷LQL YH NDUOÕOÕ÷ÕQÕ DUWÕUPDVÕQD\DUGÕPFÕROPDN
ROGX÷XEHOLUWLOGL
ø]PLUWHNVWLO
ODERUDWXYDUODUÕQGDNL
inceleme
(JH hQLYHUVLWHVL 7HNVWLO 0KHQGLVOL÷L E|Omü tesislerinde bulunan
³)L]LNVHO YH .LP\DVDO
7HNVWLO 0XD\HQHOHUL /DERUDWXYDUODUÕ´ (JH hQLYHUVLWHVL 7HNVWLO 0KHQGLVOL÷L %|OP %DúNDQÕ
+VH\LQ .DGÕR÷OX¶QXQ
QH]DUHWLQGH 3DPXNNDOH
hQLYHUVLWHVL 7HNVWLO 0KHQGLVOL÷L g÷UHWLP \HVL
'Ro 'U<ÕOGÕUD\ 7XUKDQ
YH 'HQL]OL 7LFDUHW 2GDVÕ 3URMH 0GU *OKDQ
g]JU WDUDIÕQGDQ ]L\DUHW
HGLOGL <DSÕODQ LQFHOHPHOHUGH HQVWLWOHU WDQÕQDUDN
DUDúWÕUPDODU YH ODERUDWXYDU oDOÕúPDODUÕ \DNÕQGDQ
L]OHQGL .DOLWH NRQWURO
oDOÕúPDODUÕ\ODVDQD\LFLYH
LKUDFDWoÕODUDKL]PHWYHUHQ
ODERUDWXYDUODUGDKHUWUO
OLILSOLN NXPDú YH JL\VLQLQ ¿]LNVHO YH NLP\DVDO
|]HOOLNOHULQLQWHVWHGLOGL÷L
EHOLUWLOGL *HUoHNOHúWLULOHQ
]L\DUHWWHWHNVWLODUDúWÕUPD
PHUNH]OHULQLQ 'HQL]OL¶GH
NXUXOPDVÕ\OD HNRQRPLN
DoÕGDQ JHOHFH÷H VXQXODELOHFHN HWNLOHU P]DNHUH
HGLOGL
)RWRùUDIo×ODU2GDV×·QGDQ
'HQL]OL7LFDUHW2GDV×·QD]L\DUHW
'HQL]OL
)RWR÷UDIoÕODU .DUDEDFDN JHUoHNOHúWLULOHQ
2GDVÕ¶QÕQ \HQL \|QHWLP VHoLPOHUVRQUDVÕQGDJ|UHYH
NXUXOX \HOHUL 'HQL]OL7L- JHOGLNOHULQLDoÕNODGÕ
FDUHW2GDVÕ¶QÕ]L\DUHWHWWL
\HOHULQLQ ROGX÷XQX
'HQL]OL 7LFDUHW 2GDVÕ <|- V|\OH\HQ %DúNDQ .DUDEDQHWLP .XUXOX %DúNDQÕ YH
FDN IRWR÷UDIoÕODUÕQ VRUXQ7UNL\H2GDODUYH%RUVDODU
ODUÕQÕo|]PHNLoLQoDOÕúPD%LUOL÷L 72%% <|QHWLP
ODU\UWHFHNOHULQLV|\OHGL
.XUXOXh\HVL1HFGHWg]HU
LOH 'HQL]OL 7LFDUHW 2GD- .DUDEDFDNRGDRODUDN'HVÕ 0HFOLV %DúNDQÕ +DELE QL]OL 7LFDUHW 2GDVÕ LOH GH
<ÕOGÕ]¶ÕQGDKD]ÕUEXOXQGX- oHúLW SURMHOHU JHUoHNOHúWLU÷X ]L\DUHWWH 'HQL]OL )R- PHN LVWHGLNOHULQL V|]OHULQH
WR÷UDIoÕODU 2GDVÕ øEUDKLP HNOHGL
'HQL]OL 7LFDUHW 2GDVÕ <|QHWLP .XUXOX %DúNDQÕ
1HFGHW g]HU \HQL \|QHtim kurulu üyelerini tebrik
HGHUHN oDOÕúPDODUÕQGD EDúDUÕODU GLOHGL %LUoRN VLYLO
WRSOXP NXUXOXúX LOH RUWDN
SURMHOHU JHUoHNOHúWLUGLNOHULQL GLOH JHWLUHQ g]HU
HVQDI VDQDWNDU YH WFFDUODU LoLQ JHUoHNOHúWLULOHFHN
SURMHOHUGH KHU WUO LúELUOLNOHULQH KD]ÕU ROGXNODUÕQÕ
V|\OHGL
2ULRQ )XDUFÕOÕN \HWNLOLOHUL 7UNL\H 2GDODU YH %RUVDODU %LUOL÷L
72%% <|QHWLP .XUXOX h\HVL YH 'HQL]OL
7LFDUHW 2GDVÕ <|QHWLP
.XUXOX%DúNDQÕ1HFGHW
g]HU¶L PDNDPÕQGD ]L\DUHWHWWL
'HQL]OL¶GH oHúLWOL VHNW|UOHUL LOJLOHQGLUHQ IXDUODU G]HQOHGLNOHULQL
|]HOOLNOHGH WDUÕP VHUD
YHKD\YDQFÕOÕNIXDUÕQÕQ
'HQL]OL¶\HYHONHHNRQRPLVLQHFLGGLNDWNÕODU
VD÷ODGÕ÷ÕQÕ GLOH JHWLUHQ
2ULRQ )XDUFÕOÕN <|QHWLP .XUXOX %DúNDQÕ
)DWLK7DQEX\ÕO¶VX
JHUoHNOHúWLULOHQ (JH
7DUÕP6HUDYH+D\YDQFÕOÕN)XDUÕ¶QDGHVWHNOHUL GROD\ÕVÕ\OD 'HQL]OL
7LFDUHW2GDVÕ¶QDWHúHNNUHWWL
WH÷LQL EHNOHGLNOHULQL
V|\OHGL
.UHVHOOHúHQ GQ\DGD
WLFDUHWYHVDQD\LDODQÕQGDNLUHNDEHWLQNÕ\DVÕ\D
\DúDQGÕ÷ÕQÕYXUJXOD\DQ
%DúNDQ 1HFGHW g]HU
³5HNDEHW GROD\ÕVÕ\OD
¿UPDODUÕPÕ]ÕQUHWLPLQ
\DQÕQGD WDQÕWÕP SD<|QHWLP .XUXOX h\HVL
]DUODPDVDWÕúYHEXQXQ
$KPHW g]NDQ +D\EDW
VUGUOHELOLU NÕOÕQPD0HFOLV h\HVL 0 .HVÕ LoLQ \HQL \|QWHPOHU
PDO ùDKDQ LOH 'HQL]EXOPDODUÕ JHUHNPHNWHOL øQúDDW 0DO]HPHVL
GLU%XQXVD÷ODPDGDGD
6DWÕFÕODUÕ øúDGDPODUÕ
XOXVDO YH XOXVODUDUDVÕ
'HUQH÷L %DúNDQÕ 6HGDW
'R÷Do¶ÕQ GD KD]ÕU EX- øOHUL\H G|QN G]HQ- DODQGD G]HQOHQHQ IXOXQGX÷X ]L\DUHWWH 2UL- OH\HFHNOHUL
IXDUODU- DUODUÕQ|QHPLE\NWU
RQ )XDUFÕOÕN <|QHWLP GDQ V|] HGHQ 7DQ %XDQODPGDEXJQHND.XUXOX %DúNDQÕ )DWLK 'HQL]OL¶GH LQúDDW VHN- GDUROGX÷XJLELEXQGDQ
7DQYH2ULRQ)XDUFÕOÕN W|U\OHLOJLOLIXDUODUG- VRQUDGD2GDRODUDNG*HQHO 0GU %XUDN ]HQOHPHN LVWHGLNOHULQL ]HQOHQHQ IXDUODUD YHU7DQ SURMHOHUL KDNNÕQGD EX NRQXGD GD 'HQL]OL GL÷LPL] GHVWHN GHYDP
ELOJLOHUYHUGL
7LFDUHW 2GDVÕ¶QÕQ GHV- HGHFHNWLU´GHGL
DTO HABER
Mart 2014
3
Necdet ÖZER
'72%DúNDQÕ72%%<|Q.XUh\HVL
'H÷HUOL\HOHULPL]
Yerel seçimler
ilimize ve ülkemize
hayırlı olsun
'H÷HUOL\HOHULPL]
30 Mart 2014 Yerel seçimlerini
JHULGH EÕUDNWÕN 6HoLPOHULQ KHP
'HQL]OLPL] KHP GH 7UNL\HPL]
LoLQ KD\ÕUOÕ ROPDVÕQÕ GLOL\RUXP
%XVHoLPOHUGHPLOOHWLPL]\NVHN
ELUNDWÕOÕPLOHVDQGÕNODUDJLWPLúYH
E|\OHFH GHPRNUDVL\H VDKLS oÕNPÕúWÕU0LOOLLUDGHQLQVDQGÕ÷D\DQVÕPDVÕ\OD\HUHO\|QHWLPOHUGH\HQL
ELUG|QHPEDúODPÕúWÕU
EDúNDQODUÕPÕ]Õ WHEULN HGL\RUX]
øúGQ\DVÕRODUDNKHU]DPDQ $\UÕFD \HUHO \|QHWLPOHUH VHoLOHQ
LVWLNUDUOÕE\PHYHJHOLúPH- \HUHO \|QHWLFLOHULPL]LQ NHQHWOHQHUHNúHKULPL]LE\WHFHNYHJHOLúGHQ \DQD ROGX÷XPX]X YXUWLUHFHNPRGHUQSURMHOHUHLP]DDWDJXOX\RUX]6HoLPJHULGHNDOFDNODUÕQDLQDQFÕPÕ]WDPGÕU
GÕ÷ÕQD J|UH DUWÕN 7UNL\H¶\L
E\WHFHN HNRQRPLN YH 'H÷HUOL\HOHULPL]
\DSÕVDO UHIRUPODUD RGDNODQ- 'HQL]OL 7LFDUHW 2GDVÕ RODUDN PDOÕ\Õ] øú GQ\DVÕ RODUDN 0DUW WDULKOHUL DUDVÕQGD
UHWLP LVWLKGDP YH LKUDFDWÕ G]HQOHQHQ 0DUEOH 8OXVODDUWÕUDFDN \HQL PHNDQL]PDOD- UDUDVÕ 'R÷DOWDú YH 7HNQRORMLOHUL
UÕQ X\JXODPD\D NRQXOPDVÕQÕ )XDUÕ¶QGD VWDQW DoDQ 'HQL]OLOL ¿UEHNOHPHNWH\L]
PDODUÕPÕ]Õ\DOQÕ]EÕUDNPDGÕN
%X DUDGD VHoLPOHUGH DGD\ RODUDN
|QSODQDoÕNDQODUDWHúHNNUHGL\RUXP'HQL]OL7LFDUHW2GDVÕRODUDN
E\NúHKLU VWDWVQH NDYXúPDVÕQÕQ DUGÕQGDQ LON NH] EDúNDQ VHoLOHQ %\NúHKLU %HOHGL\H %DúNDQÕ
2VPDQ =RODQ¶Õ 0HUNH]HIHQGL YH
3DPXNNDOH LOoHOHUL EDúWD ROPDN
]HUH GL÷HU LOoHOHUGHNL EHOHGL\H
ø]PLU )XDUFÕOÕN +L]PHWOHUL .OWU YH 6DQDW øúOHUL 7LFDUHW $ù
ø=)$ù WDUDIÕQGDQ RUJDQL]H HGLOHQ YH ¿UPDQÕQ NDWÕOÕPÕ\OD
JHUoHNOHúHQ IXDUGD 'HQL]OLOL
¿UPDPÕ] UQOHULQL VHUJLOHGL %X
\ÕOVWDQGDoDQ¿UPDODUÕPÕ]Õ(NRQRPL%DNDQÕ6D\ÕQ1LKDW=H\EHNFL 'HQL]OL 7LFDUHW 2GDVÕ 0HFOLV
%DúNDQÕPÕ] 6D\ÕQ +DELE <ÕOGÕ]
'HQL]OL 7LFDUHW %RUVDVÕ <|QHWLP
.XUXOX%DúNDQÕ6D\ÕQøEUDKLP7HIHQOLOL (VQDI 2GDODU %LUOL÷L %DúNDQÕ6D\ÕQ0XVDdHOLNNRO'HQL]OL
øKUDFDWoÕODU %LUOL÷L %DúNDQÕ 6D\ÕQ
6OH\PDQ .RFDVHUW 'HQL]OL 0DGHQFLOHU YH 0HUPHUFLOHU 'HUQH÷L
%DúNDQÕ 6D\ÕQ 0HKPHW +LNPHW
dHOLNNROLOHELUOLNWHWHNWHN]L\DUHW
HWWLN
PDNLQHOHULQH NDGDU JHQLú \HOSD]HGH PDNLQH VDQD\L JHOLúPLú GXUXPGDGÕU %X UHWLPOHULQ KHU ELUL
HNRQRPLPL]LoLQNDWPDGH÷HUGLU
'H÷HUOL\HOHULPL]
'HQL]OL7LFDUHW 2GDVÕ RODUDN JHoWL÷LPL] \ÕOODUGD WUDYHUWHQH FR÷UD¿
LúDUHWEHOJHVLDOPÕúWÕN%XVD\HGH
UQOHULPL] \]GH GDKD
ID]OD NDWPD GH÷HUOL RODUDN VDWÕOPD\DEDúODQPÕúWÕU$UWÕNWUDYHUWHQ
'H÷HUOL\HOHULPL]
GQ\D\D VDWÕOÕUNHQ µ'HQL]OL 7UD0DOXPODUÕQÕ] ]HUH LOLPL] PHU- YHUWHQL¶ RODUDN VDWÕOPDNWDGÕU %X
PHUEDNÕPÕQGDQ]HQJLQELUUH]HU- GDLOLPL]YHONHPL]HNRQRPLVLQH
YH VDKLSWLU 'HQL]OL¶QLQ WHNVWLO YH FLGGLNDWNÕODUVD÷ODPDNWDGÕU
NRQIHNVL\RQGDROGX÷XJLELNDWPD
8OXVODUDUDVÕoDSWDNLLONoIXDUGDQ
GH÷HUOLPHUPHUWUDYHUWHQUQOHULELULVLRODQYH¶VLG]HQOHQHQEX
QLEXIXDUGDVHUJLOHGL÷LQLJ|]OHPIXDUD LúWLUDN HGHQ ¿UPDODUÕPÕ]Õ
OHGLN +HU \ÕO EX NDWPD GH÷HUOL
NXWOX\RU YH EXUDGDQ XPXWOD G|UQOHUDUWDUDNGHYDPHWPHNWHGLU
QHPOHULQLDU]XHGL\RUX]
7UDYHUWHQ UHWLPLQLQ \DQÕVÕUD EX
UQOHUOHELUOLNWH&1&¶GHQNHVPH 6HYJLYHVD\JÕODUÕPOD«
'HQL]OL7LFDUHW2GDV×YH
'HQL]OL6DQD\L2GDV×·QGDQ
$PHULNDN|SUV
Denizli Ticaret
KĚĂƐŦ͛ŶĚĂDZ^7^ǀĞ
ĞͲĚƂŶƺƔƺŵƚŽƉůĂŶƚŦƐŦ
'HQL]OL 7LFDUHW 2GDVÕ¶QGD 0HUNH]L 6LFLO .D\ÕW 6LVWHPL
0(56ø6HIDWXUDHELOHWHGHIWHUHDUúLYJLELSURMHOHUL
NDSVD\DQ HG|QúP LOJLOL ELOJLOHQGLUPH WRSODQWÕVÕ JHUoHNOHúWLULOGL
'HQL]OL 7LFDUHW 2GDVÕ .RQIHUDQV 6DORQX¶QGDNL WRSODQWÕGD8\XPVRIW.DPX3URMHOHUL<|QHWLFLVL6HUNDQ%DOFÕELU
NRQXúPD\DSWÕ%DOFÕ7UNL\H¶QLQ('|QúPVUHFLQGH
ROGX÷XQX EHOLUWHUHN LúOHWPHOHULQ GHYOHWOH GHYOHWLQ LúOHWPHOHUOH LOLúNLOHULQL VD\ÕVDOODúWÕUPD \ROX\OD HOHNWURQLN RUWDPGDJHUoHNOHúWLUPH\HEDúODGÕ÷ÕQDGLNNDWoHNWL
'HQL]OL 7LFDUHW 2GDVÕ YH 'HQL]OL6DQD\L2GDVÕ'HQL]OLLKUDFDWÕQD NDWNÕ VD÷OD\DFDN ELU
HWNLQOL÷H GDKD LP]D DWWÕ$%'
%\NHOoLOL÷L¶QLQ YH 7UN
$PHULNDQ øú .RQVH\L¶QLQ NDWNÕODUÕ\ODDUDODUÕQGD'HQL]OL¶QLQ
GH EXOXQGX÷X LOL NDSVD\DQ
$%'$QDGROX .|SUOHUL
3URMHVL¶QLQ ELOJLOHQGLUPH WRSODQWÕVÕ\DSÕOGÕ
'HQL]OL 7LFDUHW 2GDVÕ¶QGD G]HQOHQHQ $%'$QDGROX
.|SUOHUL 7RSODQWÕVÕ¶QD $%'
%\NHOoLOL÷L(NRQRPL0VWHúDUÕ-DPHV7XUQHU$%'7LFDUHW
0VWHúDUÕ 0LFKHDO /DOO\¶QLQ
\DQÕVÕUD'(ø.7UN$PHULNDQ
øú .RQVH\L %DúNDQ <DUGÕPFÕVÕ (NLP $OSWHNLQ (NRQRPL
(NLP$OSWHNLQ³$PHULNDGQ\DQÕQELULQFLHNRQRPLVL$PHULND 7UNL\H¶QLQ GH JoO ELU
HNRQRPLVLROPDVÕQÕLVWL\RU%X
QRNWDGD HNRQRPL GLQDPLNOHULQLQ WHúYLNOHUOH GHVWHNOHQPHVL
JHUHNL\RU*HOLQLQQRNWD\DEDNÕOGÕ÷ÕQGD 7UNL\H HNRQRPLVL
7RSODQWÕQÕQ DoÕOÕú NRQXúPDVÕ \ÕO |QFHVLQH QD]DUDQ GDKD
\DSDQ 'HQL]OL 6DQD\L 2GDVÕ L\LGXUXPGD<DQL$PHULNDLOH
%DúNDQÕ0MGDW.HoHFL$%' WLFDUHW \DSDELOHFHN G]H\GH$QDGROX .|SUOHUL SURMHVL GLU´GHGL
VD\HVLQGH LNL ONH DUDVÕQGDNL
WLFDUHWLQ GDKD GD JHOLúHFH÷LQH $%' %\NHOoLOL÷L (NRQRPL
0VWHúDUÕ -DPHV 7XUQHU LVH
LQDQGÕNODUÕQÕV|\OHGL
ú|\OH NRQXúWX ³7UNL\H LOH
7UN$PHULNDQ Lú LOLúNLOHULQ- $%'¶QLQ HNRQRPLN LOLúNLOHUL
GHQGLNNDWHGLOPHVLJHUHNHQKX- \ÕOÕQGD GDKD GD DUWWÕ øNL
suslar ve ekonomik beklentileri ONHDUDVÕQGDJHUHNDVNHULJHDQODWDQ '(ø.7UN $PHULNDQ rekse siyasi anlamda güçlü bir
øú .RQVH\L %DúNDQ <DUGÕPFÕVÕ LúELUOL÷LYDU$QFDNEXLúELUOL÷L%DNDQOÕ÷Õ 'Õú 7LFDUHW 8]PDQÕ
$KPHW&DQOÕ$PHULNDQ([LPEDQNYH'HQL]$úÕUÕg]HO<DWÕUÕPFÕODU %LULPL %DúNDQÕ %HUDW
3HKOLYDQR÷OX YH 'HQL]OL 7LFDUHW 2GDVÕ LOH 'HQL]OL 6DQD\L
2GDVÕ\HOHULNDWÕOGÕ
QLQHNRQRPLNDQODPGDGDDU]X
HGLOHQG]H\HoÕNDUÕOPDVÕJHUHNL\RU%XRUWDNSURMHQLQDPDFÕ
GD EXGXU 'HQL]OL¶\H Lú ELUOL÷L
LoLQ JHOGLN %DúODWWÕ÷ÕPÕ] EX
SURMHQLQ \ÕO LoLQGH \HQL
NXúDNODUODGDKDGDLOHUL\HWDúÕQDFD÷ÕQÕGúQ\RUXP%XQXQ
LoLQ GH 7UNL\H¶GH LO VHoWLN
EXQODUÕQ LoHULVLQGH 'HQL]OL GH
\HUDOÕ\RU<DQL'HQL]OL¶\LVD÷OÕNOÕ LúELUOL÷L LoLQ SLORW LO VHoWLN´
'HQL]OLOLYH$PHULNDQLúDGDPODUÕQÕEXOXúWXUPD\ÕDPDoOD\DQ
SURMHQLQ DQODWÕOGÕ÷Õ WRSODQWÕGD
$%' %\NHOoLOL÷L \HWNLOLOHULQH $PHULND LOH WLFDUHWWH \DúDQDQVÕNÕQWÕODUDNWDUÕOGÕ
%DOFÕ ('|QúP VUHFLQLQ LoHULVLQGH \HU DODQ (%LOHW
('HIWHU ($UúLY JLEL NRQXODUGD GD ELOJL YHUGL
0(56ø6¶LQDPDFÕQGDQGDV|]HGHQ%DOFÕú|\OHNRQXúWX
³7LFDUHW VLFLOLQH ND\ÕW ]RUXQOXOX÷X EXOXQDQ VHUPD\H úLUNHWOHULYHNRRSHUDWLÀHUúDKÕVúLUNHWOHUL\DEDQFÕúLUNHWOHULQ
7UNL\HúXEHOHULGHUQHNYHYDNÕILúOHWPHOHULQLQND\ÕWODUÕQÕQHOHNWURQLNRUWDPGDPHUNH]LELUWLFDUHWVLFLOLND\ÕWVLVWHPLQGH WXWXOPDVÕ YH WLFDUHW VLFLO LúOHPOHULQLQ EX VLVWHP
]HULQGHQJHUoHNOHúWLULOPHVLLOHEXQODUÕQWHNRUWDNDQDKWDU
QXPDUDLOHWDNLELQLQVD÷ODQPDVÕLoLQPHUNH]LND\ÕWVLVWHPL
ROXúWXUXOPXúWXU´
4
DĂƌƚϮϬϭϰ
DTO HABER
()DWXUDX\JXODQPD\DEDüODQG×
()DWXUD8\JXODPDVÕQGD'LNNDW(GLOPHVL*HUHNHQ+XVXVODU
%LOLQGL÷L ]HUH WDULKLQGH \D\ÕPODQDQ VÕUDQXPDUDOÕ9HUJL8VXO.DQXQX*HQHO7HEOL÷LLOHHOHNWURQLN IDWXUD HIDWXUD X\JXODPDVÕ YHUJL PHY]XDWÕPÕ]D
GDKLOHGLOPLúEXOXQPDNWDGÕU
gQFHOLNOL RODUDN V|] NRQXVX JHQHO WHEOL÷GH EHOLUWLOHQ
NRúXOODUÕ VD÷OD\DQ PNHOOHIlerin kendi istekleri ile seçeELOHFH÷LELUX\JXODPDRODUDN
EDúOD\DQ HIDWXUD X\JXODPDVÕ HNRQRPLN KD\DWWDNL
JHOLúPHOHU YH YHUJL JHOLUOHUL
\|QQGHQNULWLN|QHPHVDKLS
ED]ÕVHNW|UOHUGHIDDOL\HWJ|VWHUHQ PNHOOHÀHU LOH EX PNHOOHÀHUGHQ PDO YH KL]PHW
DOÕúYHULúLQGHEXOXQDQYHEUW
VDWÕú KDVÕODWÕ \|QQGHQ EHOOL |OoOHUL DúDQ PNHOOHÀHU
LoLQ VÕUD QXPDUDOÕ 9HUJL
8VXO .DQXQX *HQHO 7HEOL÷L
LOH HIDWXUD X\JXODPDVÕ EHOLUWLOHQPNHOOHIJUXSODUÕLoLQ
]RUXQOXKDOHJHWLULOPLúWLU
KL]PHWOHULoLQG]HQOHGLNOHUL
IDWXUDODUÕWDULKLQGHQLWLEDUHQHOHNWURQLNIDWXUD
RODUDNJ|QGHUPHOHULYHDOPDODUÕ ]RUXQOXGXU %X QHGHQOH
HIDWXUDX\JXODPDVÕQDND\ÕWOÕ
NXOODQÕFÕODUÕQ WDULKLQGHQ LWLEDUHQ ELUELUOHULQH
ND÷ÕWRUWDPGDIDWXUDG]HQOHPH LPNDQODUÕ EXOXQPDPDNWDGÕU(IDWXUDG]HQOHPH]RUXQOXOX÷XRODQPNHOOHÀHUFH
HIDWXUD\HULQHND÷ÕWRUWDPGD
IDWXUD G]HQOHQPLú ROPDVÕ
YHUJL PHY]XDWÕ DoÕVÕQGDQ IDWXUDQÕQ KLo G]HQOHQPHPLú
ROGX÷X VRQXFXQD \RO DoDFD÷ÕQGDQVLVWHPHND\ÕWOÕNXOODQÕFÕODUÕQ HIDWXUD G]HQOHPH
YHDOPDKXVXVXQD|]HQOHX\PDODUÕJHUHNPHNWHGLU
(OHNWURQLN IDWXUD X\JXODPDVÕQD ND\ÕWOÕ RODQ PNHOOHÀHU
ND\ÕWOÕROPD\DQPNHOOHÀHUH
\DSWÕNODUÕPDOWHVOLPLYHKL]PHWLIDVÕLoLQJHQHOKNPOHU
oHUoHYHVLQGHND÷ÕWIDWXUDG VHUL QROX 9HUJL 8VXO ]HQOHPH\HGHYDPHGHFHNOHU.DQXQX *HQHO 7HEOL÷L LOH GLU
HIDWXUD X\JXODPDVÕQD ND\ÕWOÕ RODQ PNHOOHÀHULQ ELU- %LU NXOODQÕFÕQÕQ J|QGHULFL
ELUOHULQGHQ DOGÕNODUÕ PDOODU YH\DDOÕFÕQÕQHIDWXUDX\JXYH VD÷ODGÕNODUÕ KL]PHWOHU ODPDVÕQD ND\ÕWOÕ ROXS ROPDLoLQ HOHNWURQLN IDWXUD J|Q- GÕ÷ÕQÕQVLVWHPGH\D\ÕPODQDQ
GHUPH YH DOPD ]RUXQOXOX÷X listelerden kontrol edilebile WDULKL RODUDN EH- FH÷L VLVWHPGH ND\ÕWOÕ ROPD\DQODUÕQ HIDWXUD G]HQOHOLUOHQPLúWLU
\HPH\HFH÷L YH DODPD\DFD÷Õ
8\JXODPDQÕQ PNHOOHÀH- WDELLGLU
ULPL] DoÕVÕQGDQ VRUXQVX]
YH VD÷OÕNOÕ \UWOHELOPHVL 0XKDID]D YH øEUD] <
EDNÕPÕQGDQ
KWWSZZZ NPOO÷
HIDWXUDJRYWUDQDVD\IDKWPO
6D\ÕOÕ 9HUJL 8VXO .DZHE DGUHVLQGH GH \D\ÕPODQXQX YH 6D\ÕOÕ 7UN
QDQ LOJLOL JHQHO WHEOL÷OHUGH
7LFDUHW.DQXQXQXQLOJLOLKYH WHNQLN NÕODYX]ODUGD GHNPOHULQH J|UH PNHOOHÀHU
WD\OÕ DoÕNODPDODU \DSÕOPÕú
JHUHN G]HQOHGLNOHUL JHUHNEXOXQPDNOD ELUOLNWH DúD÷ÕGD
VH DGODUÕQD G]HQOHQHQ IDWXPDGGHOHU KDOLQGH EHOLUOHQHQ
UDODUÕ\DVDOVUHOHUGDKLOLQGH
KXVXVODUGD KDWÕUODWPDODUGD
PXKDID]D YH LVWHQGL÷LQGH
EXOXQXOPDVÕQD JHUHN GX\XOLEUD] HWPHNOH \NPOGUPXúWXU
OHU H)DWXUDQÕQ YHUL EWQ .DUúÕOÕNOÕ H)DWXUD ' O÷QQ VD÷ODQPDVÕ LOH ND\QD÷ÕQÕQ LQNDU HGLOHPH]OL÷L
]HQOHPH=RUXQOXOX÷X
0DOL 0KUOH JDUDQWL DOWÕQD
6ÕUD 1XPDUDOÕ 9HUJL DOÕQPDNWDGÕU 0KUQ GR÷8VXO .DQXQX *HQHO 7HEOL÷L ruluk ve geçerlilik kontrolüLOH 6ÕUD 1XPDUDOÕ 9HUJL QQ DQFDN HOHNWURQLN RUWDP8VXO .DQXQX *HQHO 7HEOL÷ GD \DSÕODELOPHVL QHGHQL\OH
X\DUÕQFD HOHNWURQLN IDWXUD H)DWXUDQÕQ ND÷ÕGD EDVÕODUDN
X\JXODPDVÕQD ND\ÕWOÕ P- VDNODQPDVÕV|]NRQXVXGH÷LONHOOHÀHULQ ELUELUOHULQH VDW- GLU %X QHGHQOH PNHOOHÀHU
WÕNODUÕ PDOODU YH LID HWWLNOHUL G]HQOHGLNOHUL YH DOGÕNODUÕ
VHQDU\R WLSLQH WHPHOWLFDUL EDNÕOPDNVÕ]ÕQ JHOHQ
HIDWXUDODUÕ DOPDNWDQ LPWLQD
HGHPH]OHU YH %DúNDQOÕ÷ÕQ
\D\ÕPODGÕ÷Õ úHPDúHPDWURQ
NRQWUROOHUL LOH LP]D GR÷UXODPDVÕ KDWDVÕ GÕúÕQGD UHGGHGHPH]OHU (QWHJUDV\RQ YH |]HO
HQWHJUDW|U \|QWHPLQL NXOODQDQPNHOOHÀHU%DúNDQOÕ÷ÕQ
$UúLYOHPH
EHOLUOHGL÷LúHPDYHúHPDWURQ
GÕúÕQGDNXUDOODUEHOLUOH\HPH]
(OHNWURQLN IDWXUD X\JXODPDYH NXOODQDPD]ODU$NVL \|QVÕQGD G]HQOHQHQ YH DOÕQDQ
GH KDUHNHW HGHQ HQWHJUDW|U
IDWXUDODUDLOLúNLQRODUDN*HOLU
YH |]HO HQWHJUDW|UOHULQ HQøGDUHVL%DúNDQOÕ÷ÕWDUDIÕQGDQ
WHJUDV\RQ L]LQOHUL %DúNDQOÕN
VDNODPD KL]PHWL YHULOPHWDUDIÕQGDQLSWDOHGLOHELOLU
PHNWHGLU 3RUWDO ]HULQGHQ
G]HQOHQHQ YH DOÕQDQ IDWXUD- H)DWXUDX\JXODPDVÕQDND\ÕWODUPNHOOHÀHUWDUDIÕQGDQDU- OÕNXOODQÕFÕODUÕQH)DWXUDODUD
úLYOHQHUHN NHQGL ELOJL LúOHP LWLUD]\|QWHPOHULWHNQLNNÕODVLVWHPOHULQGH YH\D %DúNDQ- YX]ODUGD G]HQOHQPLú ROXS
OÕ÷ÕPÕ]GDQ VDNODPD KL]PHWL WHPHO IDWXUD NDSVDPÕQGD
NRQXVXQGD \HWNL DOPÕú NX- G]HQOHQHQ IDWXUDODUD PUXOXúODUÕQ EQ\HVLQGH VDN- NHOOHÀHU PHY]XDW KNPODQPDOÕGÕU 3RUWDOGD EXOXQDQ OHUL oHUoHYHVLQGH PXKDVHEH
DUúLYOHPHE|OPVDGHFHJH- ND\ÕWODUÕQD DOÕS LDGH IDWXUDVÕ
OHQ YH J|QGHULOHQ IDWXUDODUÕQ G]HQOH\HUHN \D GD PXKDVHSDVLIH oHNLOHUHN SRVWD NXWX- EH ND\ÕWODUÕQD DOPDGDQ KDULVXQGDYHJ|QGHULOHQOHUNXWX- FL \ROODU LOH VLVWHP GÕúÕQGDQ
VXQGD\HUDODQIDWXUDWUD¿÷L- LWLUD] HGHELOLUOHU 7LFDUL IDQLQ UDKDWODWÕOPDVÕQD \|QHOLN WXUD VHQDU\RVX NDSVDPÕQGD
RODUDN KD]ÕUODQPÕú ELU HNUDQ G]HQOHQHQ IDWXUDODUGD LVH
ROXS EX HNUDQGDNL IDWXUDOD- X\JXODPD \DQÕWÕ LOH IDWXUDODU
UÕQNXOODQÕFÕWDUDIÕQGDQNHQGL kabul ya da red edilebilmekELOJLVD\DUODUÕQD LQGLULOHUHN WHGLU
EQ\HOHULQGHYH\DVDNODPDFÕ
NXUXOXúODUQH]GLQGHPXKDID- 8QYDQ'H÷LúLNOL÷L
]DHGLOPHVLJHUHNPHNWHGLU
H)DWXUDX\JXODPDVÕQDND\ÕW4. Temel ve Ticari fatura OÕELUNXOODQÕFÕXQYDQÕQÕQGH6HQDU\RVX H)DWXUDQÕQ ÷LúPHVLKDOLQGHJQLoLQGH XQYDQ GH÷LúLNOL÷LQH DLW
Reddi
7LFDUHW 6LFLO *D]HWHVLQLQ IR³7HPHOIDWXUD´LOH³WLFDULID- WRNRSLVLYHGXUXPXL]DKHGHQ
WXUD´ DUDVÕQGD VDGHFH IDWX- ELU GLOHNoH LOH *HOLU øGDUHVL
UD\D VLVWHP ]HULQGHQ LWLUD] %DúNDQOÕ÷Õ¶QD SRVWD \ROX\OD
LPNDQÕ DoÕVÕQGDQ IDUNOÕOÕN \HQL XQYDQD DLW PDOL PKU
EXOXQPDNWDGÕU
WHPLQL LoLQ .DPX 6HUWL¿NDV\RQ 0HUNH]LQH HOHNWURQLN
+HU LNL IDWXUD GD VLVWHPOHU RUWDPGD EDúYXUPDVÕ JHUHNWDUDIÕQGDQ DOÕQPDN ]RUXQ- PHNWHGLU8QYDQGH÷LúLNOL÷LGDGÕU $OÕQDQ WLFDUL IDWXUD\D QHJLGHQPNHOOH¿QH)DWXUD
HIDWXUD X\JXODPDVÕ ]HULQ- VLVWHPLQGHNLXQYDQÕGLOHNoHGHQ 5HG YH\D .DEXO PHVDMÕ VLQH LVWLQDGHQ JQFHOOHQHFHN
J|QGHULOPHVL LPNDQÕ YDUGÕU ROXS PNHOOHÀHU \HQL PDOL
7HPHO IDWXUD\D LWLUD] LVH PKUOHULQL WHPLQ HGHQH
HIDWXUD X\JXODPDVÕ ]HULQ- NDGDU HVNL XQYDQD DLW PDOL
GHQ GH÷LO KDULFL \ROODUOD \D- PKUOHULLOHLúOHP\DSPD\D
SÕODELOPHNWHGLU
GHYDPHGHELOHFHNOHUGLU
H)DWXUDODUÕ]HULQGHNL0DOL
0KU GH LoHUHFHN úHNLOGH
NDQXQLVUHOHUGDKLOLQGHNHQGLEQ\HOHULQGHNLHOHNWURQLN
PDQ\HWLN YH\D RSWLN RUWDPODUGD PXKDID]D YH LVWHQGL÷LQGH HOHNWURQLN PDQ\HWLN
YH\DRSWLNDUDoODUYDVÕWDVÕ\OD
LEUD]HGHFHNOHUGLU
H)DWXUD X\JXODPDVÕQD ND\ÕWOÕ NXOODQÕFÕODU X\JXODPD
NDSVDPÕQGD
X\JXODPDGDQ \DUDUODQPD \|QWHPLQH
YH J|QGHULOHQ H)DWXUDQÕQ
1HYL'H÷LúLNOL÷L
LoHULVLQGHQHYLGH÷LúLNOL÷LQH
LOLúNLQ WLFDUHW VLFLO JD]HWHVLQLQ IRWRNRSLVL YH GXUXPX
L]DKHGHQELUGLOHNoHLOH*HOLU
øGDUHVL %DúNDQOÕ÷Õ¶QD SRVWD
\ROX\OD\HQLXQYDQDDLWPDOL
PKUWHPLQLLoLQ.DPX6HUWL¿NDV\RQ 0HUNH]LQH HOHNWURQLN RUWDPGD EDúYXUPDVÕ
JHUHNPHNWHGLU1HYLGH÷LúLNOL÷LQHJLGHQPNHOOHÀHU\HQL
PDOL PKUOHULQL WHPLQ HGHQH NDGDU H)DWXUD 8\JXODPDVÕQGDQ HVNL 9HUJL .LPOLN
1XPDUDVÕQD DLW XQYDQ YH
PDOLPKULOH\DUDUODQPD\D
GHYDPHGHFHNOHUGLU
%X VUH ]DUIÕQGD HVNL XQYDQODUÕQD G]HQOHQHQ IDWXUDODUÕ
PXKDVHEHOHúWLUHELOHFHNOHU G]HQOH\HFHNOHUL
H)DWXUDODUGD\HQLXQYDQYH
9HUJL .LPOLN 1XPDUDVÕ ELOJLOHULQH IDWXUDQÕQ DoÕNODPD
DODQÕQGD \HU YHUHFHNOHUGLU
<HQL XQYDQODUÕQD DLW PDOL
PKUQ UHWLPWHVOLP ELOJLVL
.DPX6HUWL¿NDV\RQ0HUNH]L
WDUDIÕQGDQ %DúNDQOÕ÷D LOHWLOGLNWHQVRQUD%DúNDQOÕNWDUDIÕQGDQ HVNL KHVDSODUÕ NDSDWÕODUDN \HQL KHVDSODUÕ DNWLYH
HGLOHFHNWLU%XWDULKWHQVRQUD
\HQL 9.1 \HQL XQYDQ YH
\HQLPDOLPKUNXOODQÕODUDN
HIDWXUDG]HQOHQHFHNWLU
H)DWXUDX\JXODPDVÕQDND\ÕW- 'XUXP.RGODUÕ
OÕELUNXOODQÕFÕQHYLGH÷LúLNOL÷LQHJLWPHVLKDOLQGHJQ H)DWXUD J|QGHULPLQGH YH
7$0$0/$1',´ KDWD DOPÕú LVH ³+('()7(1
6,67(0 <$1,7, %$6$5,6,= *(/',´ GXUXP NRGXQD JQFHOOHQLU GXUXP
D ³+('()7(1 6,6- NRGXYHGX7(0 <$1,7, *(/0(',´ UXP NRGXQD G|QúHQH NDGDU
'8580.2'8%XGXUXP KLoELULúOHP\DSPD\ÕQÕ]
NRGXQXQ DOÕQPDVÕ IDWXUDQÕQ
DOÕFÕQÕQSRVWDNXWXVXQDLOHWLO- F ³+('()7(1 6,6GL÷LQL DQFDN DOÕFÕ WDUDIÕQGDQ 7(0 <$1,7, %$6$5,6,=
VLVWHPH FHYDS G|QOPHGL÷L *(/',´ YH ³'2.8DQODPÕQD JHOPHNWHGLU %X 0$1*21'(5,0,%$6$GXUXPGDNL IDWXUD EDúDUÕOÕ 5,6,=7(5.$5*21'(5NDEXO HGLOPHOLGLU D\QÕ IDWX- 0( 621/$1',´ '8580
UDQÕQ WHNUDU J|QGHULOPHPH- .2'8%XGXUXPNRGODUÕQÕQ
VL JHUHNOLGLU *|QGHULOPH\H DOÕQPDVÕQÕQ DUGÕQGDQ LOJLOL
oDOÕúÕOPDVÕ LVH PNHUUHUOL÷H ]DUIWDNL IDWXUDODU J|QGHULFLVHEHSRODFD÷ÕQGDQVLVWHPWD- QLQ HQWHJUDV\RQ \D GD |]HO
UDIÕQGDQ NDEXO HGLOPH\HFHN- HQWHJUDV\RQ NXOODQÕFÕODUÕ ROWLU $OÕFÕ WDUDI LVH VLVWHPLQH PDVÕGXUXPXQGDD\QÕ)DWXUD
GúHQ IDWXUD\Õ *HOLU øGDUHVL- ,'¶VL\OHWHNUDUJ|QGHULOHELOLU
QLQ EHOLUOHGL÷L úHPD úHPDW- *|QGHULFLQLQ SRUWDO NXOODQÕURQ YH LP]D NRQWUROOHULQGHQ FÕVÕ ROPDVÕ GXUXPXQGD LVH
JHoLUHUHN IDWXUD EDúDUÕOÕ LVH \HQL IDWXUD ,'¶VL LOH \HQLGHQ
³=$5) %$6$5,</$ IDWXUD ROXúWXUXOPDVÕ YH EX
,6/(1',´ VLVWHP \DQÕWÕQÕ KDWDOÕ IDWXUDODUÕQ JHOHQJ|QG|QHUHN KDWD WHVSLW HGLOPLú GHULOHQ IDWXUDODUOD ELUOLNWH
LVH LOJLOL KDWD NRGXQX G|QH- VDNODQPDVÕ JHUHNPHNWHGLU
UHN IDWXUD GH÷LúLP VUHFLQL <HQLGHQ ROXúWXUXODQ IDWXUDWDPDPODPDODUÕ JHUHNPHNWH- ODUGD GDKD |QFH KDWD DOÕQDQ
IDWXUD QXPDUDVÕQD YH KDWD
GLU
VHEHELQH LOLúNLQ ELOJLQLQ ID+HGHIWHQ VLVWHP \DQÕWÕQÕQ WXUDQÕQQRWDODQÕQD\D]ÕOPDVÕ
³=$5) %$6$5,</$ X\JXQRODFDNWÕU
,6/(1',´ GXUXP NRGX LOH
JHOPHVL KDOLQGH 0HUNH]GH (OHNWURQLN IDWXUD \HQL ELU
1220 durum koduyla bek- EHOJH WU ROPD\ÕS ND÷ÕW IDOH\HQ ]DUIÕQ \HQL GXUXPX WXUDQÕQ HOHNWURQLN KDOLGLU
³%$6$5,</$ 7$- øOJLOL *HQHO WHEOL÷ YH WHNQLN
0$0/$1',´ ROXU +HGHI NÕODYX]ODUGD G]HQOHQPHPLú
sistemden 1200 durum kodu KNPOHUGH%DúWD9HUJLXVXO
GÕúÕQGD]DUIÕQEDúDUÕVÕ]LúOHQ- NDQXQXROPDN]HUHPHY]XDW
GL÷LQHGDLUELUNRGG|QOPHVL KNPOHULJHoHUOLGLU
KDOLQGH 0HUNH]GH GXUXPNRGX\ODEHNOH\HQ]DUIÕQ H)DWXUDX\JXODPDVÕQGDNLGL\HQLGXUXPX³+('()- ÷HUGXUXPNRGODUÕQDH)DWXUD
7(1 6,67(0 <$1,7, %$- 8\JXODPDVÕ(QWHJUDV\RQ.ÕODYX]XQXQ HNL RODQ H)DWXUD
6$5,6,=*(/',´ROXU
8\JXODPDVÕ 6LVWHP <DSÕVÕ
E ³'2.80$1 %8- ùHPD <DSÕVÕ .ÕODYX]XQGDQ
/81$1 $'5(6( *21- XODúÕODELOLU
'(5,/(0(',´ '8580
.2'8 %X GXUXP NRGXQXQ H)DWXUD 8\JXODPDVÕQÕ
DOÕQPDVÕ DOÕFÕQÕQ VLVWHPL- *HOLU øGDUHVL %DúNDQOÕ÷ÕQÕQ
QH HULúLOHPHGL÷L DQODPÕQD 3RUWDO <|QWHPL LOH .XOODQDJHOPHNWHGLU $OÕFÕ\Õ KDWD FDN0NHOOHÀHU
D\UÕQWÕVÕQÕ ELOGLUHUHN VLVWH- HIDWXUD X\JXODPDVÕQÕ *ø%
PLQL G]HOWPHVL \|QQGH 3RUWDO\|QWHPL\OHNXOODQDFDN
X\DUÕQÕ] GXUXP NRGX PNHOOHÀHULQ HIDWXUD J|Q VDDWOLN WHNUDU J|QGHUPH GHULSDODELOPHOHULLoLQZZZ
VUHFLVRQXQGDDOÕFÕQÕQSRVWD HIDWXUDJRYWU LQWHUQHW DGUHNXWXVXQD HULúLOHPHPHVL GX- VLQGH \D\ÕPODQDQ H)DWXUD
UXPXQGD³'2.80$1 8\JXODPDVÕ 3RUWDO NÕODYX*21'(5,0, %$6$5,6,= ]XQGDEHOLUWLOHQúHNLOGHLOJLOL
7(5.$5
*21'(50( SURJUDPODUÕ \NOHPHOHUL NÕ621/$1',´ GXUXP NRGX- ODYX]GD J|VWHULOHQ \|QHUJHQX DOÕU VDDW LoLQGH IDWXUD OHUHX\PDODUÕJHUHNPHNWHGLU
DOÕFÕQÕQ VLVWHPLQH LOHWLOPLúVH
YH EDúDUÕOÕ RODUDN VRQXoODQ- .D\QDN KWWSZZZYHUJLPÕúVD ³%$6$5,</$ EXURVXFRP
DOÕPÕQGD VÕNOÕNOD RUWD\D oÕNDQ DúD÷ÕGD EHOLUWLOHQ KDWD
GXUXP NRGX WUOHULQH J|UH
LúOHP\DSÕODFDNWÕU
DTO HABER
Mart 2014
5
Denizli Ticaret Odası, 26-29 Mart 2014 tarihleri arasında düzenlenen 20. Marble Uluslararası
Doğaltaş ve Teknolojileri Fuarı'nda stant açan Denizlili firmaları yalnız bırakmadı
0DUEOH'RùDOWDü
YH7HNQRORML)XDU×·QD
'(1ú=/ú'$0*$6,
³7UNL\H GR÷DOWDúWD ELU
QXPDUD RODELOHFHN WP
]HQJLQOLNOHUHVDKLSWLU7UNL\HPLO\DUGRODUOÕNLKUDFDW UDNDPÕQD XODúPÕúWÕU
%XQXQ\DUÕVÕQÕEORNRODUDN
LKUDo HWPHNWHGLU %X IXDUGDELUXPXWJ|UGP\ÕO
|QFHNLIXDUGD\DEDQFÕPD7|UHQH (NRQRPL %DNDQÕ NLQHOHULQoR÷XQOX÷XYDUGÕ
1LKDW =H\EHNFL 'HQL]- EXJQ7UNPDNLQHVHNW|OL 7LFDUHW 2GDVÕ <|QHWLP UQQD÷ÕUOÕ÷ÕYDUøQúDOODK
.XUXOX %DúNDQÕ YH7UNL- GDKD ID]OD WHNQRORML LKUDo
\H2GDODUYH%RUVDODU%LU- HGHFH÷L]´GHGL
OL÷L72%%<|QHWLP.XUXOX h\HVL 1HFGHW g]HU 'HQL]OL 9DOLVL $EGONDGLU
'HQL]OL 7LFDUHW 2GDVÕ 'HPLU \HU DOWÕQGDNL GH0HFOLV%DúNDQÕ+D-
RODQ YH ¶VL G]HQOHQHQ
EX IXDUÕQ KD\ÕUOÕ ROPDVÕQÕ GLOL\RUXP 'HQL]OL¶QLQ
WHNVWLO YH NRQIHNVL\RQGD
ROGX÷X JLEL NDWPD GH÷HUOL
mermer-traverten ürünleULQLEXIXDUGDVHUJLOHGL÷LQL
J|]OHPOL\RUX] +HU \ÕO GD
EX NDWPD GH÷HUOL UQOHU
DUWDUDN GHYDP HWPHNWHGLU
7UDYHUWHQ UHWLPLQLQ \DQÕVÕUDEXUQOHUOHELUOLNWH
&1&¶GHQ NHVPH PDNLQHOHULQHNDGDUJHQLú\HOSD]HGHPDNLQHVDQD\LJHOLúPLú
GXUXPGDGÕU %X UHWLP-
÷HULQHNRQRPL\HND]DQGÕUÕOPDVÕQÕQ |QHPLQH YXUJX
\DSWÕ 'HPLU ³hONHPL]GHNL FDUL DoÕ÷ÕQ NDSDWÕOPDVÕQGDPHUPHUWUDYHUWHQ
VHNW|U |QHPOL ELU URO
VOHQPHNWHGLU 'HQL]OL¶GH
0HUPHU
2UJDQL]H
6DQD\L¶QLQ ROXúWXUXOPDVÕ
LoLQoDOÕúPDODUÕPÕ]GHYDP
HGL\RU %XQX EDúDUGÕ÷ÕPÕ]GD GD÷ÕQÕN KDOGH oDOÕúDQ PHUPHU ¿UPDODUÕPÕ]Õ
ELUDUD\D JHWLUPLú RODFD÷Õ]
YH VHNW|UP] GDKD GD
LYPH ND]DQPÕú RODFDNWÕU´
úHNOLQGHNRQXúWX
OHULQ KHU ELUL HNRQRPLPL] LoLQ NDWPD GH÷HUGLU´ GHGL 'HQL]OL 7LFDUHW
2GDVÕ RODUDN JHoWL÷LPL]
\ÕOODUGD WUDYHUWHQH FR÷UD¿
LúDUHW EHOJHVL DOGÕNODUÕQÕ
EX VD\HGH UQOHULQ \]GHGDKDID]ODNDWPD
GH÷HUOL RODUDN VDWÕOPD\D EDúODQGÕ÷ÕQÕ V|\OH\HQ
%DúNDQ g]HU ³$UWÕN WUDYHUWHQ GQ\D\D VDWÕOÕUNHQ
µ'HQL]OL7UDYHUWHQL¶RODUDN
VDWÕOPDNWDGÕU%XGDLOLPL]
YH ONHPL] HNRQRPLVLQH
FLGGL NDWNÕODU VD÷ODPDNWDGÕU´LIDGHVLQLNXOODQGÕ 'HQL]OL¶QLQ PHUPHU EDNÕPÕQGDQ ]HQJLQ ELU UH]HUYH VDKLS ROGX÷XQX V|\OH\HQ 'HQL]OL 7LFDUHW 2GDVÕ
%DúNDQÕ YH 72%% <|QHWLP .XUXOX h\HVL 1HFGHW
g]HU ³8OXVODUDUDVÕ oDSWDNL LON o IXDUGDQ ELULVL
'HQL]OL 0DGHQFLOHU YH
0HUPHUFLOHU
'HUQH÷L
%DúNDQÕ 0HKPHW +LNPHW
Çelikkol ise mermer ve
WUDYHUWHQ LOH 'HQL]OL¶QLQ
LVPLQLQ GX\XUXOPDVÕQÕQ
oRN|QHPOLROGX÷XQXV|\OHGL
ø]PLU )XDUFÕOÕN +L]PHWOHUL .OWU YH 6DQDW øúOHUL
7LFDUHW $ù ø=)$ù WDUDIÕQGDQ RUJDQL]H HGLOHQ
YH 'HQL]OLOL ¿UPDQÕQ
NDWÕOÕPÕ\OD JHUoHNOHúWLULOHQIXDUÕQDoÕOÕúÕLoLQW|UHQ
G]HQOHQGL
ELE<ÕOGÕ]'HQL]OL7LFDUHW
%RUVDVÕ <|QHWLP .XUXOX
%DúNDQÕ øEUDKLP 7HIHQOLOL (VQDI 2GDODU %LUOL÷L
%DúNDQÕ 0XVD dHOLNNRO
'HQL]OLøKUDFDWoÕODU%LUOL÷L
%DúNDQÕ 6OH\PDQ .RFDVHUW 'HQL]OL 0DGHQFLOHU
YH 0HUPHUFLOHU 'HUQH÷L
%DúNDQÕ 0HKPHW +LNPHW
dHOLNNRO LOH GL÷HU SURWRNRO \HOHUL NDWÕOGÕ )XDUÕQ
DoÕOÕúÕVRQUDVÕQGD'HQL]OLOL
SURWRNRO\HOHULVWDQWDoDQ
'HQL]OLOL¿UPDODUÕWHNWHN
]L\DUHWHWWL
)XDUOD LOJLOL GH÷HUOHQGLUPH \DSDQ (NRQRPL
%DNDQÕ 1LKDW =H\EHNFL 7UNL\H¶QLQ dLQ YH
øWDO\D¶GDQ VRQUD oQF
VÕUDGD \HU DOGÕ÷ÕQÕ DQFDN
ELULQFL VÕUD\D JHOPHPHVL
LoLQKLoELUQHGHQLQEXOXQPDGÕ÷ÕQD LúDUHW HGHUHN
6
DĂƌƚϮϬϭϰ
DTO HABER
Hisarcıklıoğlu’ndan seçim değerlendirmesi:
Yeniden ekonomiye ve yapısal
reformlara odaklanmalıyız
Türkiye Odalar ve Borsalar Birliği (TOBB) Başkanı M. Rifat Hisarcıklıoğlu, 30 Mart 2014 yerel seçimler sonrasında bir mesaj yayımladı. Mesajında demokrasiye vurgu yapan Hisarcıklıoğlu, yeniden ekonomiye ve yapısal reformlara odaklanılması gerektiğini söyledi.
30 Mart 2014 yerel seçimlerinde milletin büyük bir olJXQOXN YH \NVHN ELU NDWÕOÕP
LOH VDQGÕNODUD JLWWL÷LQL YH ELU
GHID GDKD GHPRNUDVL\H VDKLS
oÕNWÕ÷ÕQÕ LIDGH HGHQ %DúNDQ
+LVDUFÕNOÕR÷OX ³0LOOL LUDGHQLQVDQGÕ÷D\DQVÕPDVÕ\OD\HUHO
\|QHWLPOHUGH \HQL ELU G|QHP
EDúODPÕúWÕU hONHPL] KHGHÀHULQH GR÷UX \RO DOÕUNHQ
KULUDGHVLQLRUWD\DNR\DQPLOOHWLPL] LoLQ VHoLPOHULQ KD\ÕUOÕ
ROPDVÕQÕ GLOL\RU VHoLOHQ WP
EDúNDQODUDYH\|QHWLFLOHUHED-
úDUÕODUGLOL\RUXP6HoLPG|QHPLQLQVRQDHUPHVL\OHELUOLNWH
\HQLGHQHNRQRPL\HYH\DSÕVDO
UHIRUPODUD RGDNODQPDOÕ\Õ]
5HHO VHNW|UH D÷ÕUOÕN YHUHUHN
UHWLPLYHLKUDFDWÕPLOOLPHVHOH
RODUDNDOJÕODPDOÕYHDUWÕUPDOÕ\Õ].UHVHOUHNDEHWLQJLGHUHN
DUWWÕ÷Õ JQP] NRúXOODUÕQGD
UHWLP YH LKUDFDW PDOL\HWOHULQLQ D]DOWÕOPDVÕ UHHO VHNW|UQ
]HULQGHNL\NOHULQLQGLULOPHVL JLUGL PDOL\HWOHULQLQ PDNXO
VHYL\HOHUH oHNLOPHVL |QFHOLNOL
KHGHÀHULPL]ROPDOÕGÕU´GHGL
³+X]XU WLFDUHWL WLFDUHW
]HQJLQOL÷L JHWLULU´ GL\HQ
+LVDUFÕNOÕR÷OX
ú|\OH
NRQXúWX ³+HS YXUJXOX\RUXP 0LOOHWLPL]LQ
GDKD]HQJLQYHPUHIIHK
ROPDVÕQÕQ\ROXKX]XUYH
LVWLNUDUGDQ JHoHU dQN KX]XU WLFDUHWL WLFDUHW
]HQJLQOL÷LJHWLULU%XQXQ
LoLQDUWÕNKHSLPL]LQJQON oDONDQWÕODUGDQ VÕ\UÕOÕS LúLQH RGDNODQPDVÕ
OD]ÕPgWH\DQGDQEXJQ
DoÕNODQDQ \]GH ¶ON
E\PH UDNDPÕ
7UNL\H¶QLQ RUWD YDGHOL
büyüme trendlerinin koUXQGX÷XQX J|VWHUPHNWHGLUg]HOOLNOH|]HOVHNW|UQ
PDNLQH WHoKL]DW \DWÕUÕPODUÕQÕQ ¶Q VRQ oH\UH÷LQGH
E\PH\H \]GH ¶LQ ]HULQGH NDWNÕ \DSPDVÕ VRQ GHUHFH
ROXPOXGXU %X |]HO VHNW|UQ
ONHPL]H YH HNRQRPLPL]H
GX\GX÷X JYHQLQ HQ |QHPOL
J|VWHUJHVLGLU <DWÕUÕPODUÕQ DUtarak devam edebilmesi için
NUHVHONRúXOODUÕQ]RUODúWÕ÷ÕYH
UHNDEHWLQ DUWWÕ÷Õ EX JQOHUGH
\DWÕUÕPFÕODUÕQ VRUXQODUÕQD |QFHOLNOL RODUDN HOH DOÕQPDVÕ HQ
E\NWHPHQQLPL]GLU´
%DúNDQg]HU
GHQ
\HUHOVHoLP
GH÷HUOHQGLUPHVL
LVWLNUDUOÕ
E\PH YH JHOLúPHGHQ
\DQD ROGXNODUÕQÕ
YXUJXOD\DQ g]HU
³<R÷XQ ELU VHoLP G|QHPL DUWÕN JHULGH NDOGÕ
7UNL\H¶\L E\WHFHNHNRQRPLNYH
\DSÕVDO UHIRUPODUD
RGDNODQPDOÕ\Õ] øú GQ\DVÕ
6HoLPOHUGH \NVHN ELU NDWÕ- RODUDN UHWLP LVWLKGDP YH
OÕP LOH VDQGÕNODUD JLGLOGL÷L- LKUDFDWÕDUWÕUDFDN\HQLPHNDQL YH E|\OHFH GHPRNUDVL\H QL]PDODUÕQ X\JXODPD\D NRVDKLS oÕNÕOGÕ÷ÕQÕ YXUJXOD\DQ QXOPDVÕQÕ EHNOHPHNWH\L]´
%DúNDQg]HU³0LOOLLUDGHQLQ LIDGHOHULQLNXOODQGÕ
VDQGÕ÷D \DQVÕPDVÕ\OD \HUHO
\|QHWLPOHUGH\HQLELUG|QHP 'HQL]OL¶QLQ LON E\NúHKLU
EDúODPÕúWÕU dÕNDQ VRQXoOD- EDúNDQÕ RODUDN VHoLOHQ 2VUÕQ 'HQL]OL YH 7UNL\H¶\H PDQ =RODQ¶Õ GD WHEULN HGHQ
KD\ÕUOÕ ROPDVÕQÕ GLOL\RUXP´ g]HU ú|\OH NRQXúWX ³$GD\
RODUDN|QSODQDoÕNDQODUDGD
GL\HNRQXúWX
WHúHNNU HGL\RUXP 'HQL]OL
øúGQ\DVÕRODUDNKHU]DPDQ 7LFDUHW 2GDVÕ RODUDN E\N7UNL\H 2GDODU YH %RUVDODU
%LUOL÷L72%%<|QHWLP.XUXOXh\HVLYH'HQL]OL7LFDUHW
2GDVÕ<|QHWLP .XUXOX %DúNDQÕ 1HFGHW g]HU 0DUW
<HUHO6HoLPOHULLOHLOJLOL
\DSWÕ÷Õ GH÷HUOHQGLUPHGHVHoLPOHULQKHP'HQL]OLKHPGH
7UNL\HLoLQKD\ÕUOÕROPDVÕQÕ
GLOHGL
Denizli Ticaret Odası’nın katkılarıyla Kadın
girişimci adaylarına seminer
'HQL]OL7LFDUHW2GDVÕ¶QÕQNDWNÕODUÕ YH 7UNL\H 2GDODU YH %RUVDODU %LUOL÷L 72%% 'HQL]OL
øO .DGÕQ *LULúLPFLOHU .XUXOX
øFUD .RPLWHVL WDUDIÕQGDQ ³øú
+D\DWÕQGD .DGÕQÕQ <HUL´ NRQXOX ELU NRQIHUDQV G]HQOHQGL
.RQIHUDQVD NRQXúPDFÕ RODUDN
'Õú (NRQRPLN øOLúNLOHU .XUXOX
'(ø. 7UN0ÕVÕU øú .RQVH\L
%DúNDQÕ YH 72%% %LOHFLN .DGÕQ*LULúLPFLOHU.XUXOX%DúNDQÕ
=XKDO0DQV¿HOGNDWÕOGÕ
3DPXNNDOHhQLYHUVLWHVLøNWLVDGL
YH øGDUL %LOLPOHU )DNOWHVL¶QGH
JHUoHNOHúWLULOHQ
NRQIHUDQVWD
72%% 'HQL]OL øO .DGÕQ *LULúLPFLOHU.XUXOX%DúNDQÕ6QG]
$SDOÕ'HQL]OL7LFDUHW2GDVÕ¶QÕQ
0HVOHN .RPLWHVL %DúNDQÕ
YH72%%øO.DGÕQ*LULúLPFLOHU
.XUXOX øFUD .RPLWHVL 6HNUHWHUL
)LNUHW dÕQDU LOH oRN VD\ÕGD GDYHWOLKD]ÕUEXOXQGX
=XKDO0DQV¿HOG\DSWÕ÷ÕNRQXúPDGD Lú KD\DWÕQD DWÕOGÕ÷Õ G|QHPGH KLoELU úH\GHQ oHNLQPHGL÷LQLYHND\EHGHFHNELUúH\LQLQ
ROPDGÕ÷ÕQÕ EHOLUWHUHN ³+LoELU
KHGH¿P \RNWX ELOL\RUGXP YH
LQDQÕ\RUGXP NL ELU NH] DNOÕPD
GúPH\H J|UVQ ELU |OP HQJHO RODELOLUGL GHUGLP %X EHQ
ROGX÷XPLoLQE|\OH\GLDPDEH-
QLP ]DPDQÕPGD NDGÕQ ROPDN
]RUGX .DGÕQ JLULúLPFL ROPDN
PHY]XX EDKLV ELOH RODPD]GÕ
<HWPL\RUGX NHVPL\RUGX ELU
úH\OHU \DSPDOÕ\GÕP HY LúOHUL
|UJGDQWHOVDUPD]GÕEHQLEHQ
KHS µ<DUDGÕOÕúÕPÕQ GDKD FLGGL
ELU QHGHQL YDU¶ GHUGLP $OODK
EDQDEXDNOÕEXQODULoLQYHUPLú
RODPD]GÕ 6RQUDVÕ PDOXP ELU
IÕUVDWÕ GH÷HUOHQGLULS \XUWGÕúÕQD JLWWLP øVYHo¶GH$IULND¶GD
$YXVWUDO\D¶GD dLQ¶GH YH +RQJ
.RQJ¶GD X]XQ \ÕOODU \DúD\ÕS
oDOÕúWÕP 7UN PHUPHU VHNW|U
LoLQ dLQ¶GH SD]DU NXUGXP %XJQ 7UNL\H dLQ¶H PLO\DUODUFD
GRODUOÕN LKUDFDW \DSÕ\RU YH EHQ
EXQGDQJXUXUGX\X\RUXP<DNODúÕN \ÕOOÕN EX GHQH\LP EHQLP EDNÕú DoÕPÕ ROD\ODUD \DNODúÕPÕPÕ GH÷HUOHQGLUPHOHULPL
GH÷LúWLUGL <DúDGÕ÷ÕP EX ONHOHULQKLoELULQGHNDGÕQHUNHND\UÕPÕROPDPDVÕEHQLPHQE\N
úDQVÕPGÕ´GHGL
øúKD\DWÕQDDWÕOPDNLVWH\HQNLúLOHUH|QHULOHUGHEXOXQDQ0DQV¿HOG³%LULúNDGÕQÕYH\DLúDGDPÕ
ROPDN LoLQ |QFH QL\HW HWPHN
VRQUD SODQ \DSPDN JHUHNL\RU
'DKD VRQUD LVH EX SODQ GR÷UXOWXVXQGD \RO KDULWDVÕ oÕNDUWPDN
JHUHNL\RU 7DEL SODQ \DSDUNHQ
|QFHOLNOH NLPOHUH KLWDS HGH-
FHN ELU Lú \DSDFD÷ÕPÕ]D NDUDU
YHUPHOL\L] hONHPL]GH GH NDSLWDOL]P \D\JÕQODúÕ\RU QHGHQ
oQN NDUúÕPÕ]D LNL WDQH UQ
oÕNPD\D EDúODGÕ <D oRN XFX]
NDOLWHVLGúNUQOHU\DGDoRN
NDOLWHOL SDKDOÕ L\L UQOHU$UWÕN
LQVDQODU YHUGLNOHUL SDUDQÕQ NDUúÕOÕ÷Õ GDKD L\L WDNLS HGL\RUODU
$\UÕFDPRELOLQWHUQHWWHNQRORMLVL
JHOLúWL +HU WDUDIÕPÕ] WHNQRORML%XELUWÕNNOWUGU%XELU
6ODFNWLYL]P¶GLU <DQL KHU úH\LPL]L WP LúOHULPL]L LQWHUQHWWHQ
KDOOHGL\RUX]7HNQRORMLoRNKÕ]OÕ
LOHUOL\RU´GL\HNRQXúWX
0DQV¿HOG V|]OHULQL ú|\OH WDPDPODGÕ ³ PLO\RQ QIXVXPX]GDQPLO\RQLúDGDPÕ
ELQL NDGÕQGÕU ùX DQGD \DSWÕ÷ÕPÕ] LKUDFDW PLO\DU GRODUGÕU
øúWH EXQX GH÷LúWLUHFHN RODQ VL]OHUVLQL] 6L]OHU EL]LP LoLQ oRN
|QHPOLVLQL]6L]OHUGHQELUNLúL\L
Lú KD\DWÕQD ND]DQGÕUDELOLUVHN
QH PXWOX EL]H %HQ úLPGL NLúL\H LVWLKGDP VD÷OÕ\RUXP ho
JLULúLPFLRODUDNGúQQEXVD\Õ
NLúL\HoÕNDFDN´
.RQX\OD LOJLOL GH÷HUOHQGLUPH
\DSDQ 72%% <|QHWLP .XUXOX
h\HVL YH 'HQL]OL 7LFDUHW 2GDVÕ
<|QHWLP .XUXOX %DúNDQÕ 1HFGHW g]HU ³øú GQ\DVÕQGD NDGÕQ
JLULúLPFL VD\ÕVÕQÕQ DUWPDVÕ ONHQLQ JHOLúPLúOL÷LQL YH oD÷GDúOÕ÷ÕQÕ J|VWHULU .DGÕQ JLULúLPFL
VD\ÕVÕQÕDUWÕUPDNRQODUÕLúKD\DWÕQDND]DQGÕUDUDNONHHNRQRPLVLQH LOHUL\H G|QN NDWNÕ VD÷ODPDN ONHPL] LoLQ ELU ND]DQoWÕU
%XVHEHSOHEL]OHUEXJQHNDGDU
ROGX÷X JLEL EXQGDQ VRQUDGD
NDGÕQ JLULúLPFLOHU YH JLULúLPFL
DGD\ODUÕPÕ]D KHU WUO JLULúLP
etkinliklerinde maddi ve manevi
GHVWH÷LYHUPH\HKD]ÕUÕ]´GHGL
úHKLU VWDWVQH NDYXúPDVÕQÕQ DUGÕQGDQ LON NH] EDúNDQ
VHoLOHQ %\NúHKLU %HOHGL\H %DúNDQÕ 2VPDQ =RODQ¶Õ
0HUNH]HIHQGLYH3DPXNNDOH
LOoHOHULEDúWDROPDN]HUHGL÷HU LOoHOHUGHNL EHOHGL\H EDúNDQODUÕPÕ]Õ WHEULN HGL\RUX]
$\UÕFD\HUHO\|QHWLPOHUHVHoLOHQ \HUHO \|QHWLFLOHULPL]LQ
NHQHWOHQHUHN úHKULPL]L E\WHFHN YH JHOLúWLUHFHN PRGHUQSURMHOHUHLP]DDWDFDNODUÕQDLQDQFÕPÕ]WDPGÕU´
Limited ve Anonim
şirketlere önemli duyuru
14/02/2014 tarihi itibari ile 6103 sayılı
kanunun 20. Maddesinin 1. Fıkrasına
istinaden sermayesini 10.000,00 TL’e
yükseltmeyen Limited Şirketler ile
sermayesini 50.000,00TL’ye yükseltmeyen
Anonim Şirketler infisah etmiş
sayılmaktadır. Bu defa Gümrük ve Ticaret
Bakanlığı İç Ticaret Genel Müdürlüğü’nün
04/03/2014 tarih 67300147.431.04/1252
sayılı genelgesine istinaden infisah etmiş
Limited ve Anonim şirketlere, sermayelerini
usulüne uygun bir şekilde kanunda
öngörülen asgari seviyeye 30/06/2014
tarihine kadar yükseltmemeleri halinde
6102 Sayılı Kanunun Geçici 7. Maddesine
istinaden resen kayıt silme kapsamına
alınacaktır.
Üyelerimizin bilgilerine sunarız.
Denizli Ticaret Sicil Müdürlüğü
DTO HABER
Mart 2014
TOBB Yönetim Kurulu Üyesi
Necdet Özer, ABİGEM
Projesi 2. Danışma
Komitesi’ne başkanlık etti
UÕQ ³3HQFHUH 3URMHOHUL ùLUNHWOHúPHYH$%ø*(0¶OHULQ
+L]PHW 3RUWI|\Q *HQLúOHWHUHN 6UGUOHELOLUOLN´
ROGX÷XQX DoÕNOD\DQ g]HU
³%L] $%ø*(0¶OHUGHQ $%
SURMHVL VRQUDVÕQGD KL]PHW
vermeye devam etmelerini
YH LúOHULQL JHOLúWLUPHOHULQL
EHNOL\RUX] =LUD úLUNHWOHúg]HU WRSODQWÕQÕQ DoÕOÕúÕQ- PH VUHFLQGH VD÷ODQDQ ¿GD \DSWÕ÷Õ NRQXúPDGD nansal destek ve sermaye
\ÕO D\GD JHOLQHQ QRNWD- $%ø*(0¶OHU LoLQ VD÷ODP
\Õ GH÷HUOHQGLUGL 1HFGHW ELU WHPHO ROXúWXUDFDNWÕU
g]HU ³$%ø*(0¶OHULPL]GH %L]OHU $%ø*(0¶OHULQ \DHOHPDQ DOÕPODUÕ WDPDP- SDELOHFHNOHUL NRQXVXQGD
ODQPÕú YH $%ø*(0 oDOÕúDQODUÕ H÷LWLPOHUH WDEL WXWXOPXúPHUNH]OHULQKL]PHW
SRUWI|\OHUL ROXúWXUXOPXú
$%ø*(0¶OHUWHNQLNGHVWHN
HNLELYH72%%EQ\HVLQGHNL 3URMH .RRUGLQDV\RQ %LULPL \DEDQFÕ YH \HUHO NÕVD
G|QHP X]PDQODUÕQ GHVWHNOHUL LOH .2%ø¶OHUH LKWL\Do
GX\GXNODUÕ KHU DODQGD KL]PHW VXQDELOHFHN VHYL\H\H
WDúÕQPÕúWÕU %XJQH NDGDU
G|UW \HQL $%ø*(0 E|OJHOHULQGH LúOHWPH\H
GDQÕúPDQOÕN YHUPLú Lú
SODQÕKD]ÕUODPÕúH÷LWLP
SURJUDPÕQGD\DNODúÕNELQ
NLúL\HH÷LWLPYHUPLúYH
\HQL LúOHWPHQLQ NXUXOPDVÕQD GHVWHN ROPXúWXU´
úHNOLQGHNRQXúWX
$YUXSD %LUOL÷L 7UNL\H øú
*HOLúWLUPH 0HUNH]L $%ø*(0 3URMHVL 'DQÕúPD
.RPLWHVL 7RSODQWÕVÕ 7UNL\H 2GDODU YH %RUVDODU %LUOL÷L 72%% <|QHWLP .XUXOX h\HVL 1HFGHW g]HU¶LQ
EDúNDQOÕ÷ÕQGD 72%%¶GD
\DSÕOGÕ
QHW YH JHUoHNoL ROPDOÕ\Õ]
'DQÕúPDQOÕN H÷LWLP SURMH
KD]ÕUODPD YH GDKD ELUoRN
KL]PHW VD÷OD\DUDN .2%ø¶OHULPL]L GHVWHNOHPH IÕUVDWÕ ROXúWXUDQ EX SURMH\OH
$% YH 7UNL\H WDUDIÕQGDQ
LOOHUHE|OJH\H\DSÕODQ\DWÕUÕPODUÕQIDUNÕQGDROPDOÕ\Õ]
3URMH NDSVDPÕQGD E\N
\DWÕUÕPODU\DSÕOPÕúWÕU|]HOOLNOH LQVDQODUD \DSÕODQ \DWÕUÕP oRN |QHPOLGLU´ GL\H
NRQXúWX
$%ø*(0¶OHULQ E|OJH .2-
%ø¶OHULQLQ UHNDEHW HGHELOLUOL÷LQL DUWÕUPDN DPDFÕ\OD
IDDOL\HWJ|VWHUGL÷LQLGLOHJHWLUHQg]HU³$%ø*(0¶OHUGH
GLUHNW|U YH X]PDQODU VHoLOGL H÷LWLOGL 0HUNH]OHULPL]GH NDOLWHOL KL]PHW YHUHELOPHVL LoLQ VUHNOL JHOLúLPL
VD÷ODQGÕ %XUDGD |QHPOL
RODQ YHULOHQ KL]PHWOHULQ
E|OJHQLQ LKWL\DoODUÕQÕ NDUúÕOÕ\RU ROPDVÕGÕU $\UÕFD
VD÷ODQDQEXKL]PHWOHU2GDODUGD Lú JHOLúWLUPH YH GHVWHNOHPH NRQXODUÕQGD |QF
KDOLQHJHOHFHNWLU´GHGL
7
7UNL\H2GDODUYH%RUVDODU%LUOL÷L72%%'HQL]OLøO.DGÕQ*LULúLPFLOHU.XUXOXøFUD.RPLWHVLh\HOHUL.D\VHUL¶GHJHUoHNOHúWLULOHQ
³øú'Q\DVÕQGD8PXW9HUHQ.DGÕQODUóDOÕúWD\ÕQDNDWÕOGÕ
'HQL]OLOL.DGðQ*LULĞLPFLOHU
ŝïĞ'»Q\DVðQGD8PXW9HUHQ
.DGðQODUŞDOðĞWD\ðśQGD\Gð
']HQOHQHQ oDOÕúWD\D
$LOH YH 6RV\DO 3ROLWLNDODU %DNDQ <DUGÕPFÕVÕ
3URI 'U $úNÕQ $VDQ
72%% %DúNDQ <DUGÕPFÕVÕ dHWLQ 2VPDQ %XGDN 7UN 6DQD\LFLOHUL
YH øúDGDPODUÕ 'HUQH÷L
7h6ø$' 6RV\DO 3ROLWLNDODU%DúNDQÕ0HPGXK
%R\GDNøVWDQEXO.OWU
hQLYHUVLWHVL5HNW|U<DUGÕPFÕVÕ 3URI 'U 0DKPXW 3DNVR\ $EGXOODK
*OhQLYHUVLWHVL$*h
5HNW|U 3URI 'U øKVDQ
6DEXQFXR÷OX .D\VHUL
9DOLVL 2UKDQ ']JQ
.D\VHUL%\NúHKLU%H-
OHGL\H %DúNDQÕ 0HKPHW
g]KDVHNL.D\VHUL7LFDUHW2GDVÕ.72%DúNDQÕ 0DKPXW +Lo\ÕOPD]
ND\PDNDPODU JLULúLPFL
NDGÕQODU YH oRN VD\ÕGD
GDYHWOLNDWÕOGÕ
72%% .D\VHUL .DGÕQ
*LULúLPFLOHU .XUXOX HY
VDKLSOL÷LQGH ONH YH
LOGHQ NDGÕQ JLULúLPFLQLQ NDWÕOÕPÕ\OD µøú
GQ\DVÕQGD XPXW YHUHQ
NDGÕQODU¶ WRSODQWÕVÕ +LOWRQ .D\VHUL 2WHOL¶QGH
\DSÕOGÕ
72%% 'HQL]OL øO .DGÕQ
*LULúLPFLOHU .XUXOX NLúLOLN KH\HW LOH SURJUDPDNDWÕOÕPJ|VWHUGL
3URJUDPGD 7UNL\H¶GH
YH GQ\DGD NDGÕQ JLULúLPFLOL÷LQLQ JQFHO VRUXQODUÕQD o|]POHU DUD\ÕSLúKD\DWÕYHoDOÕúDQ
NDGÕQODUÕQ NDUúÕODúWÕ÷Õ
VRUXQODU HOH DOÕQGÕ %X
oHUoHYHGHNDGÕQODUÕQLVWLKGDPDNDWÕOPDVÕJHQHO
YH \HUHO VL\DVHWWH RGD
YHERUVDJLEL|UJWOHUGH
WHPVLO RUDQODUÕQÕQ DUWÕUÕOPDVÕ DPDFÕ\OD µdDOÕúWD\¶ YH µøúWH (úLWOLN
3ODWIRUPX¶ WRSODQWÕODUÕ
JHUoHNOHúWLULOGL
<DSÕODFDN |QHPOL DúDPDOD-
'HQL]OL·QLQ0DUWD\×LKUDFDW×PLO\RQGRODU
ÜLKELER
FOB / 1.000 $
Mart 2013
Mart 2014
'HÿLĂLP
3D\
2013
2014
'HÿLĂLP
3D\
ALMANYA
Ù1*Ù/7(5(
Ù7$/<$
30.787
18.117
16.205
32.029
24.625
16.442
4,03
35,92
1,46
16,61
12,77
8,53
87.830
52.182
49.498
97.185
70.190
50.430
10,65
34,51
1,88
16,87
12,19
8,76
A.B.D
)5$16$
HOLLANDA
$986785<$
,5$.
'$1Ù0$5.$
Ù65$Ù/
'ÙÓ(5/.(/(5
GENEL TOPLAM
11.631
11.387
4.683
5.340
5.544
4.903
5.057
54.404
168.058
13.808
11.199
11.122
5.065
5.163
5.179
4.383
63.796
192.811
18,72
-1,65
137,50
-5,15
-6,87
5,63
-13,33
17,26
14,73
7,16
5,81
5,77
2,63
2,68
2,69
2,27
33,09
100,00
35.701
36.112
15.889
14.651
15.125
14.679
13.748
167.116
502.531
40.334
36.418
29.955
15.153
14.584
14.024
13.235
194.459
575.967
12,98
0,85
88,53
3,43
-3,58
-4,46
-3,73
16,36
14,61
7,00
6,32
5,20
2,63
2,53
2,43
2,30
33,76
100,00
dĂďůŽŝŶĐĞůĞŶĚŝŒŝŶĚĞ͕ϮϬϭϰKĐĂŬͲDĂƌƚĚƂŶĞŵŝŶĚĞŝůŬƺĕƐŦƌĂǇŦĂůĂŶƺůŬĞůĞƌĚĞŶůŵĂŶǇĂ͛ǇĂǇƂŶĞůŝŬŝŚƌĂĐĂƩĂŐĞĕĞŶǇŦůŦŶĂǇŶŦĚƂŶĞŵŝŶĞŐƂƌĞ
ǇƺǌĚĞϭϬ͕ϲϱ͛ůŝŬ͕7ŶŐŝůƚĞƌĞ͛ǇĞǇĂƉŦůĂŶŝŚƌĂĐĂƩĂǇƺǌĚĞϯϰ͕ϱϭ͛ůŝŬǀĞ7ƚĂůǇĂ͛ǇĂǇƂŶĞůŝŬŐĞƌĕĞŬůĞƔƟƌŝůĞŶŝŚƌĂĐĂƩĂǇƺǌĚĞϭ͕ϴϴ͛ůŝŬďŝƌĂƌƨƔŵĞǇĚĂŶĂ
ŐĞůĚŝŒŝŐƂƌƺůƺǇŽƌ͘
ϭʹϯϭDĂƌƚϮϬϭϰƚĂƌŝŚůĞƌŝĂƌĂƐŦŶĚĂŬŝĞŶŝǌůŝ͛ŶŝŶ
ŝŚƌĂĐĂƚƌĂŬĂŵŦ͕ϮϬϭϯǇŦůŦŶŦŶĂǇŶŦĚƂŶĞŵŝŶĞŐƂƌĞ
ǇƺǌĚĞϭϰ͕ϲϭĂƌƚĂƌĂŬ͕ϱϳϱŵŝůǇŽŶϵϲϲďŝŶϴϱϳĚŽůĂƌ
ŽůĂƌĂŬŐĞƌĕĞŬůĞƔƟ͘
0DUW¶WHND\GDDOÕQDQDQD
VHNW|UOHUGHQ WHNVWLO YH KDPPDGGHOHULLKUDFDWUDNDPÕ\]GHDUWÕúODPLO\RQ
ELQ GRODU KD]ÕU JL\LP YH
NRQIHNVL\RQLKUDFDWÕLVH\]GH
DUWÕúODPLO\RQELQ
GRODURODUDNJHUoHNOHúWL
7RSODP LKUDFDW SD\ÕQÕQ \]GH ¶Q ROXúWXUDQ PDPXOOHUGHQ ERUQR]VDEDKOÕN
LKUDFDWÕQGD JHoHQ \ÕOÕQ PDUW
D\ÕQDJ|UH\]GH¶OLNGúú ROXUNHQ |UPHGRNXPD
SDPXNOX EXNOH KDYOX LKUDFDWÕQGD \]GH ¶OLN YH oDUúDIQHYUHVLP JUXEXQGD \]GH
¶OXN ELU DUWÕú PH\GDQD
JHOGL
$YUXSD %LUOL÷L ONHVLQH
\DSÕODQ LKUDFDW JHoHQ \ÕOÕQ
PDUW G|QHPLQH J|UH \]GH
¶OLN DUWÕúOD PLO\RQ
755 bin 601 dolar olarak geroHNOHúWL
'HQL]OL¶GHQ 2FDN0DUW
G|QHPLQGHWRSODPONH\H
LKUDFDW JHUoHNOHúWLULOPLú ROXS
ONHOHU ED]ÕQGD ND\GD DOÕQDQ
LKUDFDW UDNDPODUÕQÕQ LON ONH\H J|UH GD÷ÕOÕPÕ \DQGDNL
úHNLOGHGLU
8
DĂƌƚϮϬϭϰ
DTO HABER
Teknoloji ve Ticari İşbirliği Duyuruları
ŒŦǌĂŬŦŵ^ƉƌĞǇŝsĞWĂƐƚŝůŝ
mƌĞƚĞŶ&ŝƌŵĂƌĂǇŦƔŦ
dĞŵŝŶĚĞŶZƵƐ&ŝƌŵĂŶŦŶ
dŝĐĂƌŝKƌƚĂŬůŦŬƌĂǇŦƔŦ
;ZĞĨ͗Z&/ϮϬϭϰϬϮϮϭϬϬϭͿ
;ZĞĨ͗ZZhϮϬϭϰϬϮϭϳϬϬϮͿ
ŒŦǌďĂŬŦŵƺƌƺŶůĞƌŝŶŝŶ
ĚŝƐƚƌŝďƺƚƂƌůƺŒƺŶƺǀĞƐĂƨƔŦŶŦ
ŐĞƌĕĞŬůĞƔƟƌĞŶ&ŝŶĮƌŵĂƂǌĞů
ďŝƌŵĂƌŬĂĂůƨŶĚĂĞŶĚƺƐƚƌŝǇĞů
ƺƌĞƟŵǇĂƉĂďŝůĞĐĞŬǇĂĚĂ
ƺƌĞƟŵƐŦƌĂƐŦŶĚĂƺƌƺŶŐĞͲ
ůŝƔƟƌŵĞĨĂĂůŝǇĞƚůĞƌŝŶĞĚąŚŝů
ŽůĂďŝůĞĐĞŬĮƌŵĂůĂƌĂƌĂŵĂŬͲ
ƚĂĚŦƌ͘mƌƺŶůĞƌĚĞĂƌĂŶĂŶƂǌĞůͲ
ůŝŬůĞƌ͖ŬƐŝƚŽů͕ďĞƚĂŝŶ͕ŇŽƌƺƌǀĞ
ǌĞǇƟŶǇĂŒŦǇĂƉƌĂŒŦĞŬƐƚƌĞƐŝ
ŐŝďŝŵĂĚĚĞůĞƌŝĕĞƌĞŶ͖ĂŒǌŦ
ŶĞŵůĞŶĚŝƌŝĐŝ͕ŶĞĨĞƐĨĞƌĂŚůĂƨͲ
ĐŦǀĞĂŶƟďĂŬƚĞƌŝǇĞůŽůŵĂƐŦͲ
ĚŦƌ͘mƌƺŶƐƚĂŶĚĂƌƚůĂƌŦŶĂ
ƵǇŐƵŶŽůĂƌĂŬƺƌĞƟůŵĞůŝĚŝƌ͘
WĂƐƟůůĞƌŇŝƉͲƚŽƉŬƵƚƵůĂƌĚĂ͕
ƐƉƌĞǇŝƐĞϲͲϭϱŵů͘^ƉƌĞǇƔŝƔĞͲ
ůĞƌĚĞǀĞĂůŬŽůƐƺǌŽůŵĂůŦĚŦƌ͘
ZƵƐƔŝƌŬĞƟƨďďŝĚŽŶĂŶŦŵǀĞ
ŵŽďŝůǇĂƚĞŵŝŶŝ͕ƐĂŒůŦŬƚĞƐŝƐͲ
ůĞƌŝŝĕŝŶŵƺŚĞŶĚŝƐůŝŬǀĞƚĞŬͲ
ŶŽůŽũŝŬĕƂǌƺŵůĞƌŐĞůŝƔƟƌŵĞ
ŬŽŶƵƐƵŶĚĂƵǌŵĂŶůĂƔŵŦƔƨƌ͘
&ŝƌŵĂďŝƌĕŽŬĨĂƌŬůŦƺůŬĞĚĞŶ
ŵĂƌŬĂůĂƌŦŶĚŝƐƚƌŝďƺƚƂƌůƺͲ
ŒƺŶƺǇĂƉŵĂŬƚĂĚŦƌ͘&ŝƌŵĂ
ĂǇŶŦǌĂŵĂŶĚĂZƵƐǇĂ͛ĚĂŬŝ
ďŝƌƺƌĞƟĐŝĮƌŵĂǇůĂŝƔďŝƌůŝŒŝ
ǇĂƉĂƌĂŬŵĞĚŝŬĂů͕ůĂďŽƌĂͲ
ƚƵǀĂƌ͕ƚĂŶŦůĂŵĂǀĞŝǌůĞŵĞ
ĞŬŝƉŵĂŶůĂƌŦƺƌĞƚŵĞŬƚĞĚŝƌ͘
&ŝƌŵĂdƺƌŬŝǇĞ͛ĚĞĚŝƐƚƌŝďƺƚƂƌ
ĂƌĂŵĂŬƚĂĚŦƌ͘
ůĞŬƚƌŽŶŝŬ^ĞŬƚƂƌƺŶĚĞ
mƌĞƚŝŵsĞ^ŝƐƚĞŵdĂƐĂƌŦŵŦ
zĂƉĂŶ7ŶŐŝůŝǌ&ŝƌŵĂŶŦŶ
zĞŶŝůŝŬĕŝůĞŬƚƌŝŬ<ŽŶƚƌŽůsĞ
^ĞŶƐƂƌdĞŬŶŽůŽũŝůĞƌŝ^ĂŚŝďŝ
&ŝƌŵĂůĂƌůĂKƌƚĂŬůŦŬƌĂǇŦƔŦ
;ZĞĨ͗Zh<ϮϬϭϰϬϮϮϴϬϬϮͿ
7ŶŐŝůŝǌĮƌŵĂƺƌƺŶƉŽƌƞƂǇƺŶƺ
ŐĞůŝƔƟƌŵĞŬŝĕŝŶǇĞŶŝĮŬŝƌͲ
ůĞƌĞǀĞƚĞŬŶŽůŽũŝůĞƌĞƐĂŚŝƉ͕
ƂǌĞůůŝŬůĞĚƵƌƵŵǀĞƉĞƌĨŽƌͲ
ŵĂŶƐŝǌůĞŵĞŝĕŝŶĞůĞŬƚƌŽŶŝŬ
ƐĞŶƐƂƌůĞƌͲƉƌŽƚŽƟƉůĞŵĞǀĞ
ŬƺĕƺŬͬŽƌƚĂƂůĕĞŬůŝƺƌĞͲ
ƟŵŝĕŝŶďĂƐŬŦůŦĚĞǀƌĞŬĂƌƨ
ŵŽŶƚĂũůĂƌͲĞůĞŬƚƌŽŶŝŬƺƌƺŶ
ƚĂƐĂƌŦŵŦǀĞŝŵĂůĂƨͲŬŽŶƚƌŽů
ƐŝƐƚĞŵůĞƌŝͲŐƂŵƺůƺƐŝƐƚĞŵůĞƌ
ǀĞŐĞƌĕĞŬǌĂŵĂŶůŦƐŝƐƚĞŵůĞƌ
ƺǌĞƌŝŶĞĕĂůŦƔĂŶĮƌŵĂůĂƌůĂ
ŽƌƚĂŬůŦŬĂƌĂǇŦƔŦŶĚĂĚŦƌ͘&ŝƌŵĂ
ůŝƐĂŶƐůĂŵĂ͕ƐĞƌƟĮŬĂƐǇŽŶ͕
ƚĞƐƚ͕ĚŝǌĂǇŶŬŽŶƵůĂƌŦŶĚĂ
ƚĞŬŶŝŬǀĞƟĐĂƌŝďŝůŐŝǇĞƐĂŚŝƉͲ
ƟƌǀĞƉŽƚĂŶƐŝǇĞůƉĂƌƚŶĞƌŝŶ
ƺƌƺŶůĞƌŝŶŝƉĂǌĂƌůĂŵĂƐŦǀĞ
ƟĐĂƌŝůĞƔƟƌŵĞƐŝŬŽŶƵůĂƌŦŶĚĂ
ůŝƐĂŶƐĂŶůĂƔŵĂƐŦǀĞǇĂŽƌƚĂŬͲ
ůŦŬƚĞŬůŝĨĞƚŵĞŬƚĞĚŝƌ͘&ŝƌŵĂ
ƂǌĞůůŝŬůĞ^ĂŒůŦŬ͕dĞůĞͲƐĂŒůŦŬ͕
hǌĂǇ͕KƚŽŵŽƟǀĂůĂŶůĂƌŦŶĚĂ
ĨĂĂůŝǇĞƚŐƂƐƚĞƌŵĞŬƚĞĚŝƌ
&ƌĂŶƐŦǌ&ŝƌŵĂŶŦŶ7ƔsĞ
'ƺǀĞŶůŝŬ<ŦǇĂĨĞƚůĞƌŝ
mƌĞƚŝĐŝƐŝƌĂǇŦƔŦ
;ZĞĨ͗Z&ZϮϬϭϰϬϮϬϰϬϬϭͿ
&ƌĂŶƐŦǌĮƌŵĂƺƌƺŶĕĞƔŝƚůŝůŝͲ
ŒŝŶŝĂƌƨƌŵĂŬĂŵĂĐŦǇůĂƂǌĞůͲ
ůŝŬůĞŝŶƔĂĂƚǀĞŐƺǀĞŶůŝŬƐĞŬͲ
ƚƂƌƺŶĞǇƂŶĞůŝŬŝƔŬŦǇĂĨĞƚůĞƌŝ
ƺƌĞƟĐŝƐŝĮƌŵĂĂƌĂŵĂŬƚĂĚŦƌ͘
&ŝƌŵĂĚŝƐƚƌŝďƺƚƂƌůƺŬǀĞƟĐĂƌŝ
ĂƌĂĐŦůŦŬŚŝǌŵĞƟƐƵŶŵĂŬƚĂĚŦƌ͘
WŽƚĂŶƐŝǇĞůĮƌŵĂǇĂŶŵĂǌ
ŬƵŵĂƔƚĂŶƉĂŶƚŽůŽŶ͕ƚͲƐŚŝƌƚ͕
ĞůĚŝǀĞŶŐƺǀĞŶůŝŬďŽƚůĂƌŦ͕
ŬĂƐŬǀĞĐĞŬĞƚůĞƌŐŝďŝƺƌƺŶůĞƌ
ƺƌĞƚĞŶĮƌŵĂůĂƌůĂŽƌƚĂŬůŦŬ
ŬƵƌŵĂŬŝƐƚĞŵĞŬƚĞĚŝƌ͘
ZƺǌŐĂƌdƺƌďŝŶŝ<ƵůĞƐŝ
dĂƐĂƌŦŵŦǀĞmƌĞƚŝŵŝŶŝ
zĂƉĂŶzƵŶĂŶ&ŝƌŵĂ͛ŶŦŶ
mƌĞƚŝŵKƌƚĂŬůŦŒŦƌĂǇŦƔŦ
;ZĞĨ͗Z'ZϮϬϭϰϬϮϮϳϬϬϭͿ
mƌĞƟŵǀĞŵƺƚĞĂŚŚŝƚůŝŬ
ƔŝƌŬĞƟ͕ŵĞŬĂŶŝŬǀĞŝŶƔĂĂƚ
ƐĞŬƚƂƌůĞƌŝŶĚĞ;ƂƌŶĞŒŝŶ͕
ƚĂƐĂƌŦŵǀĞďĂƐŦŶĕǀĞĞŶĞƌũŝ
ĞŬŝƉŵĂŶůĂƌŦŝŵĂůĂƚǀĞƐĂŶĂǇŝ
ƚĞƐŝƐůĞƌŝͬƉƌŽũĞůĞƌͿƵǌŵĂŶͲ
ůĂƔŵŦƔƨƌ͘zĞŶŝůĞŶĞďŝůŝƌĞŶĞƌũŝ
ƵǇŐƵůĂŵĂůĂƌŦĚĂĚĂŚŝůŽůŵĂŬ
ƺǌĞƌĞƉĞƚƌŽůǀĞĚŽŒĂůŐĂǌ
ƌĂĮŶĞƌŝͬĞŶĞƌũŝͬƐĂǀƵŶŵĂ
ƐĞŬƚƂƌůĞƌŝ͕'ƺŶĞǇŽŒƵ
ǀƌƵƉĂ͛ĚĂďĂƐŦŶĕůŦĞŬŝƉŵĂŶ
ǀĞŬŦǌĂŬƚĂďĂŶůŦďŝƌŝŵůĞƌŝŶŝŶ
ĂŶĂŝŵĂůĂƚĕŦůĂƌŦŶĚĂŶďŝƌŝĚŝƌ͘
&ŝƌŵĂŽƌƚĂŬŐŝƌŝƔŝŵůĞƌŝĕŝŶǀĞ
ĂǇŶŦǌĂŵĂŶĚĂŬĂƌƔŦůŦŬůŦƺƌĞͲ
ƟŵĂŶůĂƔŵĂůĂƌŦŝĕŝŶƉŽƚĂŶͲ
ƐŝǇĞůŽƌƚĂŬůĂƌĂƌĂŵĂŬƚĂĚŦƌ͘
&ŝƌŵĂĚĞƚĂǇůŦŵƺŚĞŶĚŝƐůŝŬ
ǀĞďĂƐŦŶĕůŦĞŬŝƉŵĂŶŝŵĂůĂƚ
ǀĞƌĂĮŶĞƌŝ͕ƉĞƚƌŽůĚĞƉŽůĂŵĂ͕
ŬŝŵǇĂƐĂů͕ĚŽŒĂůŐĂǌǀĞŐƺďƌĞ
ƐĂŶĂǇŝŝĕŝŶͬŵŽĚƺůĞƌƉƌŽƐĞƐ
ƺŶŝƚĞůĞƌŝ͕ĞŬŝƉŵĂŶůĂƌ͕ŽƌƚĂ
ǀĞǇƺŬƐĞŬďĂƐŦŶĕůŦƌĞĂŬƚƂƌͲ
ůĞƌ͕ŬĂďƵŬǀĞƚƺƉĞƔĂŶũƂƌ
ķƌŦŶůĂƌŦƺƌĞƟŵŝǇĂƉŵĂŬƚĂ͖
ĚŽŒĂůŐĂǌ͕ƉĞƚƌŽů͕ŬŝŵǇĂƐĂů
ƺƌƺŶůĞƌǀĞƉƌŽŐƌĂŵůĂƌŝĕŝŶ
ďŽƌƵŚĂƚůĂƌŦŶŦŶŝŶƔĂĂƨ͕ĚĞŶŝǌ
ďĂŬŦŵĕĂůŦƔŵĂůĂƌŦǀĞĚĞƐƚĞŬ
ŚŝǌŵĞƚůĞƌŝ͕ďĂŬŦŵƉƌŽũĞůĞƌŝ
ĚĞĚĂŚŝůŽůŵĂŬƺǌĞƌĞŚĞƌ
ƚƺƌůƺĞŶĚƺƐƚƌŝǇĞůƚĞƐŝƐůĞƌŝůĞ
ĕĂůŦƔŵĂŬƚĂ͕ŐƺĕƺƌĞƟŵŝŝůĞ
ŝůŐŝůŝƉƌŽũĞůĞƌ;ŚŝĚƌŽĞůĞŬƚƌŝŬ͕
ƌƺǌŐĂƌĞŶĞƌũŝƐŝ͕ƚĞƌŵŽĞůĞŬƚͲ
ƌŝŬͿǇƺƌƺƚŵĞŬƚĞ͕ƚĂƐĂƌŦŵǀĞ
ƌƺǌŐĂƌƚƺƌďŝŶŝŬƵůĞůĞƌŝŝŵĂůĂƨ
ͲƚĂƐĂƌŦŵǀĞĕĞůŝŬǇĂƉŦůĂƌǀĞ
ŵĂŬŝŶĞŝŵĂůĂƨĂůĂŶůĂƌŦŶĚĂ
ĨĂĂůŝǇĞƚŐƂƐƚĞƌŵĞŬƚĞĚŝƌ͘
DŽůĚŽǀǇĂůŦ&ŝƌŵĂŶŦŶ
ĂƐŬŦŬŝƉŵĂŶŦsĞ^ĂƌĨ
DĂůǌĞŵĞůĞƌŝdĞĚĂƌŝŬĕŝƐŝ
sĞǇĂmƌĞƚŝĐŝƐŝƌĂǇŦƔŦ
;ZĞĨ͗ZDϮϬϭϯϭϮϮϭϬϬϭͿ
DŽůĚŽǀǇĂůŦďĂƐŦŵĞǀŝďĂƐŬŦ
ĞŬŝƉŵĂŶŦǀĞƐĂƌĨŵĂůǌĞŵĞͲ
ůĞƌŝ;ŵƺƌĞŬŬĞƉ͕ŬĂŒŦƚ͕ŬĂƌƚŽŶ
ǀď͘ͿƺƌĞƚĞŶǇĂĚĂďƵƺƌƺŶůĞƌŝ
ƚĞĚĂƌŝŬĞĚĞďŝůĞĐĞŬǇĞŶŝůŝŬĕŝ
ǀĞƚĞŬŶŽůŽũŝǇŝƚĂŬŝƉĞĚĞŶ
ĮƌŵĂůĂƌůĂƺƌĞƟŵŽƌƚĂŬůŦŒŦ
ĂƌĂŵĂŬƚĂĚŦƌ͘bŝƌŬĞƚƌŽůůͲƚŽͲ
ƌŽůůďĂƐŬŦĞŬŝƉŵĂŶůĂƌŦǀĞ
ŐŦĚĂĞŶĚƺƐƚƌŝƐŝŶĚĞŬƵůůĂŶŦůĂŶ
ĞƟŬĞƚǀĞŬĂƌƚŽŶŬƵƚƵůĂƌŦŝĕŝŶ
ŬĂůŝƚĞůŝďĂƐŬŦǇƂŶƚĞŵŝŽůĂŶ
ŇĞǆŽŐƌĂƉŚǇďĂƐŬŦŵĂŬŝŶĞůĞƌŝ
ŝůĞƂŶĐĞůŝŬůŝŝůŐŝůĞŶŵĞŬƚĞĚŝƌ͘
&ŝƌŵĂŬĂůŝƚĞůŝDƺƌĞŬŬĞƉ͕
ŬĂŒŦƚ͕ŬĂƌƚŽŶ͕ďĂƐŬŦĮůŵůĞƌŝ
ŐŝďŝƺƌƺŶůĞƌŝƚĞĚĂƌŝŬĞĚĞĐĞŬ
ĮƌŵĂůĂƌĂĚĂĂǇƌŦĐĂŝŚƟǇĂĕ
ĚƵǇŵĂŬƚĂĚŦƌ͘
ůŵĂŶ<K7͛ŶŝŶŽŬƵŵĂ
KůŵĂǇĂŶsĞdƵƚƵƔŵĂǇĂŶ
<ƵŵĂƔmƌĞƚŝĐŝƐŝƌĂǇŦƔŦ
;ZĞĨ͗ZϮϬϭϯϭϮϭϭϬϬϭͿ
ůŵĂŶďŝƌ<K7͕ĚŽŬƵŵĂ
ŽůŵĂǇĂŶ;ϴϬŐͬŵϮƉŽůŝƉƌŽͲ
ƉŝůĞŶͿǀĞƚƵƚƵƔŵĂǇĂŶŬƵŵĂƔ
ƺƌĞƟĐŝƐŝĂƌĂŵĂŬƚĂĚŦƌ͘&ŝƌŵĂ͕
ƉĂŶƚŽŶĞƌƌĞŶŬůĞƌŝƐŝƐƚĞŵŝŶĞ
ŐƂƌĞĨĂƌŬůŦƌĞŶŬůĞƌĚĞƺƌĞƟŵ
ǇĂƉĂďŝůĞŶŬƵŵĂƔƺƌĞƟĐŝůĞƌŝǇͲ
ůĞƚĞŵĂƐĂŐĞĕŵĞŬŝƐƚĞŵĞŬͲ
ƚĞĚŝƌ͘ůŵĂŶ<K7dƺƌŬŝǇĞŝůĞ
ĕĂůŦƔŵĂŬŝƐƚĞĚŝŒŝŶŝďĞůŝƌŵŝƔ
ǀĞŚĞĚĞĨƺůŬĞŽůĂƌĂŬǇĂůŶŦǌĐĂ
dƺƌŬŝǇĞ͛ǇŝďĞůŝƌƚŵŝƔƟƌ͘
ŬŵĞŬŝůŝŵůĞŵĞ
DĂŬŝŶĞůĞƌŝŶĚĞPǌĞů
ŵĂĕůĂƌĚĂ<ƵůůĂŶŦůŵĂŬ
ŵĂĐŦǇůĂŦĕĂŬmƌĞƚŝĐŝƐŝ
ƌĂǇŦƔŦ
;ZĞĨ͗ZE>ϮϬϭϯϬϴϮϳϬϬϭͿ
&ŦƌŦŶůĂƌĚĂŬƵůůĂŶŦůŵĂŬ
ƺǌĞƌĞŵĂŬŝŶĞƺƌĞƟŵŝ
ǇĂƉĂŶ,ŽůůĂŶĚĂůŦĮƌŵĂ͕ƂǌĞů
ĂŵĂĕůĂƌĚĂŬƵůůĂŶŦůĂďŝůĞĐĞŬ
ďŦĕĂŬƺƌĞƟĐŝƐŝĂƌĂŵĂŬƚĂĚŦƌ͘
WŽƚĂŶƐŝǇĞůƺƌĞƟĐŝƉĂƌƚŶĞƌŝŶ
ŬĞŶĚŝŬŽŶƵƐƵŶĚĂƵǌŵĂŶǀĞ
ƉĂƚĞŶƚůŝĞŬŵĞŬĚŝůŝŵůĞŵĞ
ŵĂŬŝŶĞůĞƌĚĞŬƵůůĂŶŦůĂďŝůĞĐĞŬ
ƂǌĞůĞŶĚƺƐƚƌŝǇĞůďŦĕĂŬůĂƌ
ƺƌĞƚĞďŝůŝǇŽƌŽůŵĂƐŦŐĞƌĞŬͲ
ŵĞŬƚĞĚŝƌ͘,ŽůůĂŶĚĂůŦĮƌŵĂ
ƺƌĞƟŵĂŶůĂƔŵĂƐŦǇĂƉŵĂǇŦ
ƉůĂŶůĂŵĂŬƚĂĚŦƌ͘
EŽƌǀĞĕůŝ&ŝƌŵĂĚĂŶĂŵďƵ
dĞŬƐƚŝůŝsĞ<ŦǇĂĨĞƚůĞƌŝ
mƌĞƚĞŶ&ŝƌŵĂƌĂǇŦƔŦ
7ƐǀŝĕƌĞůŝĨŝƌŵĂŶŦŶ<ƵůĂŬůŦŬ
mƌĞƚŝĐŝƐŝƌĂǇŦƔŦ
;ZĞĨ͗Z^ϮϬϭϰϬϮϭϳϬϬϭͿ
7ƐǀĞĕůŝ&ŝƌŵĂŬŽŶƐĞƉƚ
ŬƵůĂŬůŦŬůĂƌƺƌĞƚŵĞŬƚĞĚŝƌ͘
;ZĞĨ͗ZEKϮϬϭϰϬϭϭϳϬϬϭͿ
&ŝƌŵĂǇĞŶŝůŝŬĕŝĮŬŝƌůĞƌůĞǀĞ
EŽƌǀĞĕůŝĮƌŵĂ͕ĕŽĐƵŬůĂƌ
ŝůĞƌŝďŝƌƚĞŬŶŽůŽũŝŬƵůůĂŶĂƌĂŬ
ŝĕŝŵďĂŵďƵĚĂŶǇĂƉŦůŵŦƔ
ŚĂůŝŚĂǌŦƌĚĂƉŝǇĂƐĂďƵůƵŶĂŶ
ĕĞǀƌĞĚŽƐƚƵŬŦǇĂĨĞƚůĞƌƚĂƐĂƌͲ
ŬƵůĂŬůŦŬůĂƌĚĂŶĨĂƌŬůŦďŝƌ
ůĂǇŦƉƐĂƚŵĂŬƚĂĚŦƌ͘&ŝƌŵĂďƵ
ƺƌƺŶŐĞůŝƔƟƌŵŝƔƟƌ͘&ŝƌŵĂ
ƚĂƌǌĨĂĂůŝǇĞƚůĞƌŐƂƐƚĞƌĞŶǀĞ
dƺƌŬŝǇĞ͛ĚĞƺƌĞƟŵĂŶůĂƔŵĂƐŦ
ŬŦǇĂĨĞƚƺƌĞƟŵŝŶĚĞďĂŵďƵǇƵ ǇĂƉĂďŝůĞĐĞŒŝĮƌŵĂĂƌĂǇŦƔŦŶͲ
ŬƵůůĂŶĂŶƺƌĞƟĐŝůĞƌŝůĞƚĞŵĂƐĂ ĚĂĚŦƌ͘
ŐĞĕŵĞŬŝƐƚĞŵĞŬƚĞĚŝƌ͘&ŝƌŵĂ DŽĚĂdĂƐĂƌŦŵůĂƌŦzĂƉĂŶ
dƺƌŬŝǇĞ͕7ƐƉĂŶǇĂǀĞWŽƌƚĞŬŝǌ
ůŵĂŶ&ŝƌŵĂ͛ŶŦŶmƌĞƚŝĐŝͬ
ƺůŬĞůĞƌŝŶŝŚĞĚĞĨƺůŬĞŽůĂƌĂŬ
dĂƔĞƌŽŶƌĂǇŦƔŦ
ŐƂƐƚĞƌŵŝƔǀĞďƵƺůŬĞůĞƌĚĞ
;ZĞĨ͗ZϮϬϭϯϬϵϮϯϬϬϰͿ
ďƵůƵŶĂŶĮƌŵĂůĂƌŝůĞƚĞŵĂƐĂ
ŐĞĕŵĞŬŝƐƚĞĚŝŒŝŶŝďĞůŝƌƚŵŝƔͲ
DŽĚĂƚĂƐĂƌŦŵůĂƌŦǇĂƉĂŶůͲ
Ɵƌ͘
ŵĂŶĮƌŵĂƐĂĚĞĐĞƐĞƌƟĮŬĂůŦ
ŽƌŐĂŶŝŬŵĂƚĞƌǇĂůŬƵůůĂŶĂƌĂŬ
WŽůŽŶǇĂůŦDĞǇǀĞsĞ^ĞďǌĞ
ƺƌĞƟŵǇĂƉŵĂŬƚĂĚŦƌ͘&ŝƌŵĂ
ŝƐƚƌŝďƺƚƂƌƺŶƺŶmƌĞƚŝĐŝ
ŚĞƌďŝƌƺƌƺŶĚĞŶŵĂŬƐŝŵƵŵ
ƌĂǇŦƔŦ
ϱϬƚĂŶĞƺƌĞƚŵĞŬƚĞĚŝƌ͘&ŝƌŵĂ
;ZĞĨ͗ϮϬϭϬϭϭϭϳϬϯϳͿ
ƺƌĞƟĐŝǀĞͬǀĞǇĂƚĞĚĂƌŝŬĕŝ
DŽĚĞƌŶƚĂƔŦŵĂĐŦůŦŬǀĞƚĞƐůŝͲ
ĂƌĂŵĂŬƚĂĚŦƌ͘mƌƺŶůĞƌŝĕŽͲ
ŵĂƚƉƌĞŶƐŝƉůĞƌŝĕĞƌĕĞǀĞƐŝŶĚĞ ŒƵŶůƵŬůĂйϭϬϬƉĂŵƵŬ͕ŝƉĞŬ͕
ĨĂĂůŝǇĞƚŐƂƐƚĞƌĞŶWŽůŽŶǇĂůŦ
ǀŝƐŬŽǌŐŝďŝŵĂƚĞƌǇĂůůĞƌĚĞŶ
ĚŝƐƚƌŝďƺƚƂƌ͕ƺƌƺŶůĞƌŝŶŝƚƺŵ
ƺƌĞƟůŵĞŬƚĞĚŝƌ͘
ǀƌƵƉĂ͛ǇĂĚĂŒŦƨŵŦŶŦƐĂŒůĂͲ
ŶƚŝƐĞƉƚŝŬmƌĞƚŝĐŝƐŝZŽŵĞŶ
ǇĂďŝůĞĐĞŒŝƺƌĞƟĐŝĮƌŵĂůĂƌ
&ŝƌŵĂ͛ŶŦŶdŽƉƚĂŶĐŦͬ
ĂƌĂŵĂŬƚĂĚŦƌ͘,ĞĚĞĨƺůŬĞƐŝŶͲ
ŝƐƚƌŝďƺƚƂƌͬ^ĂƚŦƔƚĞŵƐŝůĐŝƐŝ
ĚĞƐĂĚĞĐĞdƺƌŬŝǇĞďƵůƵŶĂŶ
ƌĂǇŦƔŦ
WŽůĂŶǇĂůŦĮƌŵĂ͞ϮϮ͕͟
;ZĞĨ͗KZKϮϬϭϰϬϭϮϰϬϬϭͿ
ǇĂŶŝŬƵƌƵŵĚĂŶͲŬƵƌƵŵĂͬ
ŬƵƌƵŵĚĂŶͲƚƺŬĞƟĐŝǇĞĚŝǇĞ
ZŽŵĞŶĂƌĂƔƨƌŵĂĐŦůĂƌƚĂƌĂͲ
ĂĕĂďŝůĞĐĞŒŝŵŝǌďŝƌĨŽƌŵƺůŝůĞ ķŶĚĂŶǇĞŶŝďŝƌĂŶƟƐĞƉƟŬ
ĕĂůŦƔŵĂŬƚĂĚŦƌ͘
ŐĞůŝƔƟƌŝůŵŝƔǀĞEϭϰϵϵƐƚĂŶͲ
dĂƐĂƌŦŵDŽďŝůǇĂůĂƌmƌĞƚĞŶ ĚĂƌƚůĂƌŦŶĂŐƂƌĞůĂďŽƌĂƚƵǀĂƌ
ƚĞƐƚůĞƌŝŶĚĞŶŐĞĕŵŝƔƟƌ͘Ƶ
7ŶŐŝůŝǌ&ŝƌŵĂŶŦŶdĞĚĂƌŝŬĕŝͬ
ĂŶƟƐĞƉƟŬĂůŬŽůŝĕĞƌŵĞŵĞŬͲ
mƌĞƚŝĐŝƌĂǇŦƔŦ
ƚĞ͕ǇĂŶŦĐŦƂǌĞůůŝŒŝďƵůƵŶŵĂͲ
;ZĞĨ͗Zh<ϮϬϭϰϬϭϬϴϬϬϭͿ
ŵĂŬƚĂ͕ĐŝůƩĞŚĞƌŚĂŶŐŝďŝƌ
7ŶŐŝůŝǌĮƌŵĂŚĂůŝŚĂǌŦƌĚĂ
ƚĂŚƌŝƔĞŶĞĚĞŶŽůŵĂŵĂŬƚĂǀĞ
ĚĞŬŽƌĂƚƂƌǀĞŵƺƔƚĞƌŝǇĞƂǌĞů ĂĕŦŬǇĂƌĂůĂƌĂĚĂŚŝƵǇŐƵůĂŶĂͲ
ƚĂƐĂƌŦŵŵŽďŝůǇĂůĂƌ;ŵĂƐĂ͕
ďŝůŝƌůŝŒŝŐƂǌůĞŶŵŝƔƟƌ͘&ŝƌŵĂ
ĚŽůĂƉ͕ƐĂŶĚĂůǇĞ͕ǇĂƚĂŬ͙Ϳ
ďƵƺƌƺŶƺŶƺĂůŦŵͬƐĂƨŵŦŶŦ
ƐĂƚŵĂŬƚĂĚŦƌ͘mƌƺŶƉŽƌƚͲ
ŐĞƌĕĞŬůĞƔƟƌĞďŝůĞĐĞŬƚŽƉͲ
ĨƂǇƺŶƺŐĞŶŝƔůĞƚŵĞŬŝƐƚĞͲ
ƚĂŶĐŦ͕ĚŝƐƚƌŝďƺƚƂƌǀĞǇĂƐĂƨƔ
ǇĞŶĮƌŵĂŚƵƔĂŒĂĐŦŶĚĂŶ
ƚĞŵƐŝůĐŝůĞƌŝĂƌĂŵĂŬƚĂĚŦƌ͘
ŬŽŶƚƌƉůĂŬ͕ůĂŵŝŶĞƉůĂƐƟŬǀĞ
ĂŶŝŵĂƌŬĂůŦWĂƐůĂŶŵĂǌ
ĂǇŶŦǌĂŵĂŶĚĂďŽǇĂůŦĂŚƔĂƉ
ĞůŝŬWƌŽĨŝůmƌĞƚĞŶ&ŝƌŵĂŶŦŶ
ǀĞŵĞƚĂůĚĞŶǇĂƉŦůŵŦƔƺƌƺŶ
ŝƐƚƌŝďƺƚƂƌƌĂǇŦƔŦ
ƚĞĚĂƌŝŬĞĚĞďŝůĞĐĞŬŽƌƚĂŬͲ
;ZĞĨ͗KZKϮϬϭϰϬϭϮϰϬϬϭͿ
ůĂƌͬƺƌĞƟĐŝůĞƌĂƌĂŵĂŬƚĂĚŦƌ͘
7ĚĞĂůŽůĂƌĂŬƺƌĞƟĐŝŶŝŶE
PǌĞůůŝŬůĞ'ŦĚĂǀĞ^ƺƚƺƌƺŶůĞƌŝ
ŬĞƐŝŵǇĂƉŦǇŽƌŽůŵĂƐŦƚĞƌĐŝŚ
ƐĞŬƚƂƌƺŶĞŵĂŬƐŝŵƵŵϬ͕ϴ
ƐĞďĞďŝĚŝƌ͘ĂƔůĂŶŐŦĕŝĕŝŶϮϬͲ
ŵŝŬƌŽŶŐĂƌĂŶƟůŝZਠͲĚĞŒĞƌŝ
ϯϬŵĂƐĂǀĞϲϬͲϴϬƐĂŶĚĂůǇĞ
;ǇƺǌĞǇƉƺƌƺǌůƺůƺŒƺͿŝůĞ
ƐŝƉĂƌŝƔŝƂŶŐƂƌƺůŵĞŬƚĞĚŝƌ͘
ƉĂƐůĂŶŵĂǌĕĞůŝŬƚƺƉůĞƌǀĞ
ďĂŒůĂŶƨƉĂƌĕĂůĂƌŦƺƌĞƚĞŶ
'ŦĚĂ^ĞŬƚƂƌƺŶĚĞ&ĂĂůŝǇĞƚ
ĂŶŝŵĂƌŬĂĮƌŵĂƐŦƺƌƺŶůĞƌŝŶŝ
ŐƂƐƚĞƌĞŶzƵŶĂŶ&ŝƌŵĂŶŦŶ
ƉĂǌĂƌůĂǇĂďŝůĞĐĞŒŝĚŝƐƚƌŝďƺƚƂƌ
mƌĞƚŝĐŝƌĂǇŦƔŦ
ǀĞͬǀĞǇĂďĞůŝƌƟůĞŶƐĞŬƚƂƌͲ
;ZĞĨ͗Z'ZϮϬϭϰϬϮϭϴϬϬϭͿ
ůĞƌĚĞŬŝƺƌĞƟĐŝůĞƌůĞŽƌƚĂŬůŦŬ
ŽŶĚƵƌƵůŵƵƔŚĂŵƵƌŝƔŝ
ĂƌĂǇŦƔŦŶĚĂĚŦƌ͘mƌƺŶůĞƌŝE
ŐŦĚĂůĂƌƺƌĞƚĞŶzƵŶĂŶĮƌŵĂƐŦ ϭ͘ϰϯϬϳǀĞϰϰϬϰďĞůŐĞůŝĚŝƌ͘
dƺƌŬŝǇĞ͛ĚĞŽƌƚĂŬƺƌĞƟŵǇĂͲ
d<EK>K:77b7Z>7<>Z7
ƉĂďŝůĞĐĞŒŝĮƌŵĂůĂƌĂƌĂŵĂŬͲ
ƚĂĚŦƌ͘&ŝƌŵĂ/&^;hůƵƐůĂƌĂƌĂƐŦ ůĞŬƚƌŝŬůŝƌĂĕůĂƌ7ĕŝŶ
'ŦĚĂ^ĞƌƟĮŬĂƐŦͿƐĞƌƟĮŬĂƐŦŶĂ zƺŬƐĞŬWĞƌĨŽƌŵĂŶƐůŦ'ƺĕ
ƂŶƺƔƚƺƌŵĞƂǌƺŵůĞƌŝ
ƐĂŚŝƉƟƌ͘&ŝƌŵĂďŝƌďŝƌŝŶĚĞŶ
ůĞǌǌĞƚůŝƺƌƺŶǇĞůƉĂǌĞƐŝŶĞ
;ZĞĨ͗ϭϬE>ϲϬ,ϯ/>Ϳ
ƐĂŚŝƉƟƌ͘ƵŶůĂƌĚĂŶďĂǌŦͲ
,ŽůůĂŶĚĂůŦ<K7͕ĞůĞŬƚƌŝŬůŝ
ůĂƌŦ͖ǇƵŅĂĚĂŶǀĞǇĂŵŝůĨƂǇ
ŚĂŵƵƌƵŶĚĂŶǇĂƉŦůŵŦƔďƂƌĞŬͲ ĂƌĂĕůĂƌŝĕŝŶŐƺĕĚƂŶƺƔƚƺƌŵĞ
ƐŝƐƚĞŵůĞƌŝŐĞůŝƔƟƌŝůŵĞƐŝǀĞ
ůĞƌ͕ƚƵƌƚĂůĂƌ͕ĕĞƔŝƚůŝƚƵǌůƵǇĂ
ƺƌĞƟŵŝŶĚĞƵǌŵĂŶůĂƔŵŦƔƨƌ͘
ĚĂƚĂƚůŦŵŝŶŝƌƵůŽůĂƌ͕ƐƉŝƌĂů
<K7ƌͲ'ĞƵǌŵĂŶůŦŒŦ͕ŵƺͲ
ƉĂƐƚĂůĂƌǀď͘
ŚĞŶĚŝƐůŝŬŽƌƚĂŬůŦŒŦǀĞƺƌĞƟŵ
dŦďďŝŬŝƉŵĂŶǀĞDŽďŝůǇĂ
ŬĂƉĂƐŝƚĞƐŝƐƵŶŵĂŬƚĂĚŦƌ͘ŶĂ
ĂǀĂŶƚĂũůĂƌĞŶĞƌũŝŬĂǇŦƉůĂƌŦŶŦ
ĂǌĂůƚĂŶƉĞƌĨŽƌŵĂŶƐ͕ĂŬŦůůŦǀĞ
ĚƺƔƺŬĂŒŦƌůŦŬůŦƚĂƐĂƌŦŵ͕Ɖŝů
ƂŵƌƺǀĞŬŝƔŝƐĞůůĞƔƟƌŝůĞďŝůŝƌͲ
ůŝŬƟƌ͘,ŽůůĂŶĚĂůŦ<K7ƚĞŬŶŝŬ
ĚĞƐƚĞŬůŝƟĐĂƌŝĂŶůĂƔŵĂ
ǇĂƉŵĂŬŝƐƚĞŵĞŬƚĞĚŝƌ͘
ĚĂĚŦƌ͘ŶĚƺƐƚƌŝǇĞůŽƌƚĂŬůĂƌ
ƚĞŬŶŝŬŽƌƚĂŬůŦŬŝůĞƺƌƺŶƺŶ
ŐĞůŝƔƟƌŝůŵĞƐŝǀĞͬǀĞǇĂƐĞƌŝ
ƺƌĞƟŵŝĕŝŶƺƌĞƟŵĂŶůĂƔŵĂƐŦ
ĂƌĂǇŦƔŦŶĚĂĚŦƌ͘
ůĞŬƚƌŝŬůŝƌĂĕůĂƌsĞ7ĕƚĞŶ
zĂŶŵĂůŦDŽƚŽƌůĂƌ7ĕŝŶmƌĞǇŝ
,ŝĚƌŽũĞŶĞƂŶƺƔƚƺƌƺĐƺ
;ZĞĨ͗ϭϭZhϴϲ&'ϯDͿ
;ZĞĨ͗ϭϮ<ϮϬϮ'ϯKϱͿ
hůƵƐůĂƌĂƌĂƐŦĂŶŝŵĂƌŬĂůŦďŝƌ
ƔŝƌŬĞƚ͕ŚŝĚƌŽũĞŶŬƵůůĂŶŦŵŦŶŦ
ďĂƐŝƚǀĞŐƺǀĞŶŝůŝƌŽůĂƌĂŬ
ǇĂƉĂŶǇĞŶŝůŝŬĕŝďŝƌĚƂŶƺƔƚƺͲ
ƌƺĐƺŐĞůŝƔƟƌŵŝƔƟƌ͘^ŝƐƚĞŵ͕
ƵǇŐƵůĂŵĂĂůĂŶůĂƌŦŶĚĂĕĂůŦƔŦƌͲ
ŬĞŶƺƌĞǇŝŚŝĚƌŽũĞŶĞĚƂŶƺƔͲ
ƚƺƌĞďŝůŝƌ͘,ŝĚƌŽũĞŶŝŶĕĞǀƌĞƐĞů
ĂǀĂŶƚĂũŦ͗ƐĂĚĞĐĞƂŶĐĞůŝŬůŝ
ŽůĂƌĂŬƚĂƔŦŵĂƐĞŬƚƂƌƺŶĚĞ
ĚĞŒŝůƐĂďŝƚĞŶĞƌũŝŬĂǇŶĂŒŦ
ŽůĂƌĂŬĚĂŬƵůůĂŶŦůĂďŝůŝƌ͘ĂŶŝͲ
ŵĂƌŬĂůŦĮƌŵĂ͕ƟĐĂƌŝŽƌƚĂŬůŦŬ
ǀĞͬǀĞǇĂƂƌŶĞŒŝŶŽƚŽŵŽƟǀ
ƺƌĞƟĐŝůĞƌŝͬƚĞĚĂƌŝŬĕŝůĞƌŝǀĞ
ǇĂŬŦƚĚŝƐƚƌŝďƺƚƂƌůĞƌŝŝůĞƚĞŬŶŝŬ
ĚĞƐƚĞŬůŝƟĐĂƌŝŽƌƚĂŬůŦŬŝƐƚĞͲ
ŵĞŬƚĞĚŝƌ
ůƚĞƌŶĂƚŝĨzĂŬŦƚůĂƌ͗
<ĂƌďŽŶĚŝŽŬƐŝƚǀĞ<ĂǇŶĂŬ
KůĂƌĂŬ,ŝĚƌŽũĞŶ
;ZĞĨ͗dKϮϬϭϯϬϴϭϲϬϬϭͿ
ůŵĂŶŵŝŬƌŽƔŝƌŬĞƚ͕<ĂƌͲ
ďŽŶĚŝŽŬƐŝƚǀĞ,ŝĚƌŽũĞŶĚĞŶ
ŚŝĚƌŽŬĂƌďŽŶůĂƌŦŶǇĞŶŝƉƌŽƐĞƐ
ƺƌĞƟŵŝŝůĞůĂďŽƌĂƚƵǀĂƌƂůĕĞͲ
ŒŝŶĚĞĞƔŝďĞŶǌĞƌŝŽůŵĂǇĂŶ
ŬĂƚĂůŝǌƂƌŐĞůŝƔƟƌŵŝƔƟƌ͘ŶĞƌũŝ
ƚĞĚĂƌŝŬŝŝĕŝŶϮŐĂǌŦŶŐĞůŝƔƟͲ
ƌŝůŵĞƐŝĚĞŬŽŶƐĞƉƚĕĞƌĕĞǀĞͲ
ƐŝŶĚĞĚŝƌ͘ŶĞƌũŝƐĞŬƚƂƌƺŶĚĞŶ
ĂƉĂƌĂƚůĂƌŦŝŶƔĂĞĚĞĐĞŬǀĞ
ƂůĕĞŬůĞǇĞĐĞŬŽƌƚĂŬůĂƌĂƌĂŶͲ
ŵĂŬƚĂĚŦƌ͘
DŽďŝůsĞ^ƉŽƌ,ĞŬŝŵůŝŒŝ
7ĕŝŶKŶůŝŶĞ7ǌůĞŵĞsĞdĞƔŚŝƐ
ŝŚĂǌŦ
;ZĞĨ͗dKZhϮϬϭϯϬϵϮϯϬϬϭͿ
ZƵƐ<K7ĐŽŒƌĂĮĐŝŚĂǌůĂƌ
ŐĞůŝƔƟƌŵĞǀĞƐĂƨƔŦŶĚĂ
ďĂƔĂƌŦůŦďŝƌŐĞĕŵŝƔĞƐĂŚŝƉ
ŽůƵƉďŝƌĕŽŬĐŝŚĂǌŦŵŽďŝůĂŒ
ƵǇŐƵůĂŵĂƐŦŝĕŝŶŐĞůŝƔƟƌŵŝƔƟƌ͘
bŝƌŬĞƚ͕ĚƺŶǇĂĂŒŦďĂŒůĂŶĂŶ
ĐŝŚĂǌůĂƌǇĂƌĂƚĂŶǀĞďƵĐŝͲ
ŚĂǌůĂƌŝůĞďĂŒŦŵƐŦǌƐĞŶƐƂƌůĞƌ
ĂƌĂĐŦůŦŒŦǇůĂƂůĕƺŵůĞƌŝŝůĞƚĞŶ
ƐŝƐƚĞŵůĞƌŐĞůŝƔƟƌŵĞŬƚĞĚŝƌ͘
DŽďŝůŚĞŬŝŵůŝŬƵǇŐƵůĂŵĂůĂƌŦ
ŐĞůŝƔƟƌŵĞŬŽŶƵƐƵŶĚĂŽƌƚĂŬͲ
ůĂƌĂƌĂŶŵĂŬƚĂĚŦƌ͘
^ƵůĂŵĂ<ĂŶĂůůĂƌŦŶĚĂ
^Ƶ<ĂǇŦƉůĂƌŦŶŦйϭϬͲϮϬ
ǌĂůƚĂĐĂŬ^Ƶ<ŽŶƚƌŽů^ŝƐƚĞŵ
;ZĞĨ͗ϭϯE>ϲϬ&/ϯ^^Ϳ
ƺŶǇĂĕĂƉŦŶĚĂ͕ƐƵƐĞǀŝǇĞůĞƌŝ
ƂůĕƺŵƺǀĞŬĂƉŦƉŽǌŝƐǇŽŶůĂƌŦ
ĕŽŒƵŶůƵŬůĂŽƉĞƌĂƚƂƌůĞƌƚĂƌĂͲ
ķŶĚĂŶƐĂŒůĂŶŵĂŬƚĂĚŦƌ͘PůͲ
ĕƺůĞŶĚĞŒĞƌůĞƌŬąŒŦƚƺƐƚƺŶĞ
ǇĂǌŦůŦƌǀĞŽĮƐƚĞďŝůŐŝƐĂǇĂƌĂ
ďƵǀĞƌŝůĞƌŐŝƌŝůĞďŝůŵĞŬƚĞĚŝƌ͘
,ŽůůĂŶĚĂůŦ<K7͕ǇĞŶŝůŝŬĕŝǀĞ
ƉĂƚĞŶƚůŝƐƵŬŽŶƚƌŽůƐŝƐƚĞŵŝ
ŐĞůŝƔƟƌŝƉ͕ƐƵŬĂǇŦƉůĂƌŦŶŦйϭϬͲ
ϮϬ͛ĞĚƺƔƺƌŵĞǇŝĂŬŦůůŦƚĞůĞĨŽŶ
ŝůĞƐĂŒůĂŵĂŬƚĂĚŦƌ͘&ŝƌŵĂ͕ƚĞŬͲ
ŶŝŬĚĞƐƚĞŬůŝƟĐĂƌŝĂŶůĂƔŵĂ
ǇĂƉŵĂŬŝƐƚĞŵĞŬƚĞĚŝƌ͘
WĞĚĞůĞĐ;WĞĚĂůůŦůĞŬƚƌŝŬůŝ
ŝƐŝŬůĞƚͿŬŦůůŦdĞůĞĨŽŶƌĂ
zƺǌƺ
;ZĞĨ͗ϭϭϬϵϰ/ϯE,KͿ
ůŵĂŶmŶŝǀĞƌƐŝƚĞƐŝǀĞ
<K7͛ůĞƌĂƌĂƐŦŶĚĂĨƺƚƺƌŝƐƚͲ
ƟŬƚĂƐĂƌŦŵŝůĞĂŬŦůůŦƚĞůĞĨŽŶ
ŬŽŶƚƌŽůƺŝůĞĞƔŝďĞŶǌĞƌŝ
ŽůŵĂǇĂŶďŝƌŬŽŶƐĞƉƩĞĞůĞŬƚͲ
ƌŽͲďŝƐŝŬůĞƚŝĕŝŶƌĂƔƨƌŵĂͲ'ĞͲ
ůŝƔƟƌŵĞĂŶůĂƔŵĂƐŦǇĂƉŵĂŬ
ŝƐƚĞŵĞŬƚĞĚŝƌ͘ŝƐŝŬůĞƚƔĞŚŝƌ
ďŝƐŝŬůĞƟŽůĂƌĂŬŝƔŝŶƐĂŶůĂƌŦ
ŝĕŝŶĚĞďƺƚƺŶůĞƔŵŝƔƉƌŽƐĞƐͲ
ůĞƌŝĕŝŶŬƵůůĂŶŦůĂďŝůŝƌĚƵƌƵŵͲ
'ŦĚĂmƌƺŶůĞƌŝ7ĕŝŶ
ŶƚŝŵŝŬƌŽďŝǇĂůWĂŬĞƚůĞƌ
ZƵƐ<K7͕ƉŽůŝŵĞƌŝŬďŝͲ
ǇŽƐŝĚĂůƺƌƺŶŐĞůŝƔƟƌŝƉ͕ďƵ
ƺƌƺŶƺƐƚƌĞĕĮůŵǀĞǇĂŬĂŒŦƚ
ƉĂŬĞƚůĞŵĞĚĞŬƵůůĂŶĂƌĂŬƌĂĨ
ƂŵƌƺŶƺƵǌĂƚŵĂŬƚĂĚŦƌ͘mƌƺŶ
ƐĂĚĞĐĞĞŶǌŝŵƐŝƐƚĞŵůĞƌŝŶŝŶ
ŝŶŚŝďƺƚƂƌƺŽůĂƌĂŬĚĞŒŝůĂǇŶŦ
ǌĂŵĂŶĚĂĂŶƟŵĞƚĂďŽůŝƚĞ
ŽůĂƌĂŬ͕ǇĂŶŝďŝǇŽǇŦŬŦĐŦŵŝŬͲ
ƌŽŽƌŐĂŶŝǌŵĂůĂƌŽůĚƵŬĕĂǌŽƌ
ĚŝƌĞŶĕŬĂǌĂŶŵĂŬƚĂĚŦƌ͘&ŝƌŵĂ
ƚĞŬŶŝŬŽƌƚĂŬůŦŬǀĞŝƔŽƌƚĂŬůŦŒŦ
ƔĞŬůŝŶĚĞŽƌƚĂŬůĂƌĂƌĂǇŦƔŦŶͲ
ĚĂĚŦƌ͘
zĞŶŝůŝŬĕŝŽŬ&ŽŶŬƐŝǇŽŶůƵ
ŽŬƵŶŵĂƚŝŬ/ƔŦŬůĂŶĚŦƌŵĂ
<ŽŶƚƌŽůƺ7ĕŝŶzĞŶŝ
hǇŐƵůĂŵĂůĂƌ
;ZĞĨ͗ϭϮE>ϲϬ,ϯYϳͿ
,ŽůůĂŶĚĂůŦ<K7͕ŦƔŦŬůĂŶĚŦƌŵĂ
ŬŽŶƚƌŽůƚĞŬŶŽůŽũŝƐŝŐĞůŝƔƟƌŝƉ
ƉĂƚĞŶƟŶŝĂůŵŦƔƨƌ͘^ĞǌŐŝƐĞů
ĕŽŬĨŽŶŬƐŝǇŽŶůƵĚŽŬƵŶͲ
ŵĂƟŬŬŽŶƚƌŽů͕ŽĚĂŬůĂŶŵĂ͕
ǇŽŒƵŶůƵŬ͕ƌĞŶŬǀĞĚŝŶĂŵŝŬ
ƂǌĞůůŝŬůĞƌŝŬŝƔŝƐĞůǀĞƉƌŽĨĞƐͲ
ǇŽŶĞůŬƵůůĂŶŦŵŝĕŝŶŬŽŶƚƌŽů
ĞƚŵĞŬƚĞĚŝƌ͘ƵŬŽŶƚƌŽůƚĞŬͲ
ŶŽůŽũŝƐŝĚƺŶǇĂŦƔŦŬůĂŶĚŦƌŵĂƐŦ
ŝĕŝŶƚĞŬƂƌŶĞŬƟƌ͘&ŝƌŵĂ͕ĮŬƌŝ
ŚĂŬůĂƌ͕ŬŶŽǁͲŚŽǁǀĞůŝƐĂŶƐ
ĂŶůĂƔŵĂƐŦĕĞƌĕĞǀĞƐŝŶĚĞŬŽŶͲ
ƐĞƉƟ͕ŵĞĚŝŬĂůǀĞŽƚŽŵŽƟǀ
ĞŶĚƺƐƚƌŝƐŝŶĚĞĕĂůŦƔĂŶŦƔŦŬůĂŶͲ
ĚŦƌŵĂƺƌĞƟĐŝůĞƌŝŶĞƐƵŶĂďŝůŝƌ͘
KƌŵĂŶƚŦŬůĂƌŦsĞdĂƌŦŵƐĂů͕
ŝǇŽŬƺƚůĞĚĞŶzƺŬƐĞŬ
ĞŒĞƌůŝsĞsĞƌŝŵůŝdĞŬŶŽůŽũŝ
;ZĞĨ͗ϭϮE>ϲϬ&/ϯYyϵͿ
,ŽůůĂŶĚĂůŦĮƌŵĂ͕ŒĂĕƚƺͲ
ƌĞǀůĞƌŝ͕ďŝǇŽŬƺƚůĞĚĞŶǇƺŬƐĞŬ
ĚĞŒĞƌůŝ͕ǇĞŶŝůŝŬĕŝǀĞǀĞƌŝŵůŝ
ƚĞŬŶŽůŽũŝŐĞůŝƔƟƌŵŝƔƟƌ͘ŝǇŽͲ
ŬƺƚůĞŶŝŶŦƐŦƨůĂƌĂŬŬƵƌƵƚƵůŵĂͲ
ƐŦŶĚĂĞƐŶĞŬƉƌŽƐĞƐůĞƌĚĞŬƵůͲ
ůĂŶŦůŵĂŬƚĂĚŦƌ͘&ŝƌŵĂƚĞŬŶŝŬ
ŽƌƚĂŬůŦŬǀĞǇĂƚĞŬŶŝŬĚĞƐƚĞŬůŝ
ƟĐĂƌŝĂŶůĂƔŵĂŝůĞƚĂƌŦŵƐĂůǀĞ
ŽƌŵĂŶĂƨŬůĂƌŦĚƺƔƺŬĚĞŒĞƌůŝ
ďŝǇŽŬƺƚůĞůĞƌŝǇƺŬƐĞŬĚĞŒĞƌůŝ
ŬĂƨďŝǇŽǇĂŬŦƚůĂƌĂĚƂŶƺƔƚƺƌͲ
ŵĞŬŝƐƚĞŵĞŬƚĞĚŝƌ͘
KƚŽŵĂƚŝŬŝůĞǀŝƌŝƐŝ7ĕŝŶ
zĞŶŝDĞƚŽƚ
;ZĞĨ͗ϭϯϳϲtϯ^,,Ϳ
ůŵĂŶƌĂƔƨƌŵĂĞŶƐƟƚƺƐƺ
ĞůĞŬƚƌŽŶŝŬƐŝƐƚĞŵůĞƌŝŶŬĂƌͲ
ŵĂƔŦŬůŦŒŦŶŦĂƌĂƔƨƌŵĂŬƚĂĚŦƌ
ǀĞƐŝďĞƌĮǌŝŬƐĞůƐŝƐƚĞŵůĞƌ
ŐĞůŝƔƟƌŝƉ͕ŝŶƐĂŶǀĞŵĂŬŝŶĞ
ĂƌĂƐŦŶĚĂďŽƔůƵŒƵŶŶĂƐŦů
ŬĂƉĂƨůĂĐĂŒŦŬŽŶƵƐƵŶĚĂďŝƌ
ŬƂƉƌƺŶŝƚĞůŝŒŝŶĚĞŽƚŽŵĂƟŬ
ĚŝůĕĞǀŝƌŝƐŝĂƌĂĐŦŐĞůŝƔƟƌŵŝƔͲ
Ɵƌ͘ŶƐƟƚƺ͕ƚĞŬŶŝŬŽƌƚĂŬůŦŬ
ǇĂƉĂƌĂŬĂƌĂĐŦŐĞůŝƔƟƌŵĞŬ
ŝƐƚĞŵĞŬƚĞĚŝƌ͘
<ĂƌĂĚĞŶŝǌ^ĂŚŝůůĞƌŝŶĚĞŬŝ
ĂůŐĂůĂƌĚĂŶDĞŬĂŶŝŬ
ŝŚĂǌĂůŐĂzĂŬĂůĂŵĂdŝƉŝ
zĂƉŦůĂƌŦŶĞƌũŝmƌĞƚŵĞ
;ZĞĨ͗ϭϮZKϲϲϮϯZ:Ϳ
ZŽŵĂŶǇĂ͛ĚĂŶƚĞŬŶŝŬƺŶŝͲ
ǀĞƌƐŝƚĞ͕ĂŬŦůůŦĞŶĞƌũŝĂůĂͲ
ŶŦŶĚĂĂƌĂƔƨƌŵĂŽƌƚĂŬůĂƌŦ
ĂƌĂŵĂŬƚĂĚŦƌ͘ĕŦŬĚĞŶŝǌĚĞ
ĚĂůŐĂůĂƌĚĂŶĞŶĞƌũŝƺƌĞƚĞƌĞŬ
ǀĞďƵĞŶĞƌũŝĚƂŶƺƔƺŵƺŝůĞ
ƐĂŚŝůĚĞĞƌŽǌǇŽŶĞƚŬŝůĞƌŝŶŝĚĞ
ĂǌĂůƚŵĂǇŦĂŵĂĕůĂŵĂŬƚĂĚŦƌ͘
KƌƚĂŬůĂƌǇĞŶŝůŝŬĕŝ<K7͛ůĞƌ
ǀĞĂŬŦůůŦĞŶĞƌũŝŬŽŶƵƐƵŶĚĂ
ĕĂůŦƔĂŶƌͲ'ĞƔŝƌŬĞƚůĞƌŝĚŝƌ
ůŦƔǀĞƌŝƔƌĂďĂůĂƌŦŶŦŶ
ĞǌĞŶĨĞŬƐŝǇŽŶƵ7ĕŝŶzĞŶŝ
ŝŚĂǌ
;ZĞĨ͗ϭϯdϬϭϬϵϯ^ϯϯͿ
ǀƵƐƚƵƌǇĂůŦďŝƌƔŝƌŬĞƚ͕ůŦƔǀĞͲ
ƌŝƔĂƌĂďĂůĂƌŦŶŦŶĚĞǌĞŶĨĞŬƐŝͲ
ǇŽŶƵŝĕŝŶǇĞŶŝĐŝŚĂǌŐĞůŝƔͲ
ƟƌŵŝƔƟƌ͘ĂƐŝƚďŝƌŬĂǇĚŦƌŵĂ
ŚĂƌĞŬĞƟŝůĞ͕ĚĞǌĞŶĨĞŬƚĂŶŝůĞ
ĕĞǀƌĞůĞŶŵŝƔĞůďĂƌŦƐŝƐƚĞŵĞ
ĚĞǌĞŶĨĞŬƚĂŶŦĚĂŒŦƚŵĂŬƚĂĚŦƌ͘
ŶƚĞŐƌĞďŝƌƐŝůĞĐĞŬŐĞĕƟŬƚĞŶ
ƐŽŶƌĂŚŝũǇĞŶŝŬǀĞƚĞŵŝǌďŝƌĞů
ďĂƌŦŶĂƐĂŚŝƉŽůƵŶƵƌ͘<ĂƌͲ
ƚƵƔŬŽŶƐĞƉƟŶĚĞďƵƐŝƐƚĞŵ
ŵŝŬƌŽƉƐƵǌďŝƌĕĞǀƌĞǇĂƌĂƨƌ͘
&ŝƌŵĂ͕ůŝƐĂŶƐƂƌůĞƌ͕ǇĂƨƌŦŵĐŦͲ
ůĂƌǀĞǇĞŶŝƵǇŐƵůĂŵĂŐĞůŝƔƟͲ
ƌĞĐĞŬŽƌƚĂŬůĂƌĂƌĂǇŦƔŦŶĚĂĚŦƌ͘
ŶƚŝŵŝŬƌŽďŝǇĂůƚŬŝƐŝ7ůĞĞƔŝƚůŝ
ŶĚƺƐƚƌŝǇĞůhǇŐƵůĂŵĂůĂƌ7ĕŝŶ
EĂŶŽͲ'ƺŵƺƔ
;ZĞĨ͗ϭϮϭϰϴϲϯYϯϬͿ
ĂǀǇĞƌĂ͛ĚĂǇĞƌĂůĂŶůŵĂŶ
ďŝƌ<K7͕EĂŶŽͲŵĂƚĞƌǇĂůͲ
ůĞƌ͕ƂǌĞůůŝŬůĞƺƌƺŶůĞƌĚĞŬŝ
ĂŶƟŵŝŬƌŽďŝǇĂůůĞƌŝŶĂƌƨƔŦŶĚĂ
ŬƵůůĂŶŦůĂŶEĂŶŽͲŐƺŵƺƔƺŶ
ƺƌĞƟŵŝǀĞĚĂŒŦƨŵŦƺǌĞƌŝŶĞ
ƵǌŵĂŶůĂƔŵŦƔƨƌ͘EĂŶŽͲŐƺͲ
ŵƺƔ͕ƉĂƌĕĂĐŦŬůĂƌŦŶŦŶŬƺĕƺŬͲ
ůƺŒƺŶĚĞŶĚŽůĂǇŦ͕ůŝĨŬĂůŝƚĞƐŝŶŝ
ĞƚŬŝůĞŵĞǇĞŶďĞŶǌĞƌƐŝǌďŝƌ
ƐĂŶĂǇŝƵǇŐƵůĂŵĂƐŦĚŦƌ͘&ŝƌŵĂ͕
ƺƌƺŶůĞƌŝŶŝŶĂŶŽͲŐƺŵƺƔ
ŝůĞĚŽŶĂƨƉĂŶƟŵŝŬƌŽďŝǇĂů
ǇĂƉŵĂǇŦŝƐƚĞǇĞŶƐĂŶĂǇŝĚĞŶ
ŽƌƚĂŬůĂƌĂƌĂŵĂŬƚĂĚŦƌ͘
ƌĂĕ&ƌĞŶůĞŵĞƐŝŶĚĞŶ<ŝŶĞƚŝŬ
ŶĞƌũŝ'Ğƌŝ<ĂǌĂŶŦŵŦ7ĕŝŶ
DĞŬĂƚƌŽŶŝŬ^ŝƐƚĞŵůĞƌ
;ZĞĨ͗ϭϮZKϲϲϮϯY,ϴͿ
,ŝĚƌŽůŝŬǀĞƉŶƂŵĂƟŬĂůĂŶůĂͲ
ƌŦŶĚĂĕĂůŦƔĂŶZŽŵĂŶǇĂ͛ĚĂŶ
ďŝƌZ'ĞŶƐƟƚƺƐƺ͕ĨƌĞŶ
ŵĞŬĂŶŝǌŵĂƐŦŶĚĂ͕ĂƌĂĕŵŽͲ
ƚŽƌůĂƌŦŶŦŶŬŝŶĞƟŬĞŶĞƌũŝŐĞƌŝ
ŬĂǌĂŶŦŵŦŶĚĂŬƵůůĂŶŦůĂŶďŝƌ
ŚŝĚƌŽůŝŬƐŝƐƚĞŵŐĞůŝƔƟƌŵŝƔƟƌ͘
ŝƌĂƌĂĕŵŽƚŽƌƵŶĚĂŬŝŐĞƌŝ
ŬĂǌĂŶŦŵƐŝƐƚĞŵŝ͕ĂƌĂĐŦŚŝďƌŝĚ
ĂƌĂĐĂĚƂŶƺƔƚƺƌŵĞŬƚĞǀĞ
ĚĂŚĂĚƺƔƺŬǇĂŬŦƚƚƺŬĞƟŵŝǀĞ
ŐĂǌĞŵŝƐǇŽŶƵĂǌĂůƨůŵĂƐŦŶŦ
ďĂƔůĂƚŵĂŬƚĂĚŦƌ͘,ŝĚƌŽůŝŬǀĞ
KƚŽŵŽƟǀĞŶĚƺƐƚƌŝƐŝĂůĂŶůĂͲ
ƌŦŶĚĂĕĂůŦƔĂŶ͕ƚĞŬŶŝŬŝƔďŝƌůŝŒŝ
ǀĞǇĂǀƌƵƉĂ͛ĚĂŬŝZͲ'
ƉƌŽŐƌĂŵůĂƌŦŶĂŝůŐŝůŝ<K7͛ůĞƌ
ǀĞZͲ'ĮƌŵĂůĂƌŦĂƌĂŵĂŬͲ
ƚĂĚŦƌůĂƌ͘
dĂƌŦŵƂůŐĞůĞƌŝŶĚĞŝǇŽǇĂŬŦƚ
'Ğƌŝ<ĂǌĂŶŦŵŦ
;ZĞĨ͗dZ/dϮϬϭϯϭϮϬϮϬϬϭͿ
KƌŵĂŶĐŦůŦŬƚĂĚĞƐƚĞŬŚŝǌͲ
ŵĞƚůĞƌŝǀĞƌĞŶďŝƌ7ƚĂůǇĂŶ
<K7͕ƚĂƌŦŵĚĂďŝǇŽǇĂŬŦƚ
ŐĞƌŝŬĂǌĂŶŦŵŦƐŝƐƚĞŵůĞƌŝŝůĞ
ŝůŐŝůŝďŝƌƉƌŽũĞƵǇŐƵůĂǇĂĐĂŬ
ŽƌƚĂŬůĂƌĂƌĂŵĂŬƚĂĚŦƌůĂƌ͘
WƌŽũĞ͕ƵĨĂŬƂůĕĞŬƚĞĞůĞŬƚƌŝŬ
ǀĞƚĞƌŵĂůĞŶĞƌũŝƺƌĞƟŵŝ
;ŬŽͲũĞŶĞƌĂƐǇŽŶƵͿŝĕŝŶŬŦƌƐĂů
ďƂůŐĞůĞƌĚĞďŝǇŽǇĂŬŦƚŐĞƌŝŬĂͲ
ǌĂŶŦŵŦŝůĞĂůĂŬĂůŦĚŦƌ͘ƵƌĂĚĂ
ĂŵĂĕ͕ĕŝŌĕŝůŝŬĨĂĂůŝǇĞƚůĞƌŝŶͲ
ĚĞŶŬĂůĂŶďŝǇŽǇĂŬŦƨŶŝƔůĞŶͲ
ŵĞƐŝǇŽůƵǇůĂĕŝŌůŝŬůĞƌĞĞŶĞƌũŝ
ƚĞŵŝŶŝĚŝƌ͘ƌĂƔƨƌŵĂŝƔďŝƌůŝŒŝ
ĂŶůĂƔŵĂƐŦĂƌĂŶŵĂŬƚĂĚŦƌ͘
7(.12/2-ø9(
7ø&$5ø
øù%ø5/øöø
'8<858/$5,
øOHWLúLPLoLQ
241 17 37
veya
HELFHJH#GWRRUJWU
1RWøOHWLúLPGHVL]OHUH
GDKD
L\LKL]PHWYHUHELOPHVL
için
OWIHQLOJLOHQGL÷LQL]
DODQÕQ
³5()´QXPDUDODUÕQÕ
EHOLUWLQL]
DTO HABER
Mart 2014
'HQL]OL7LFDUHW2GDV×
0DUWD\×0HFOLV
7RSODQW×V×\DS×OG×
9
'HQL]OL7LFDUHW2GDVðśQGDïĞ
*»YHQOLÞL7RSODQWðVð<DSðOGð
7UNL\H2GDODUYH%RUVDODU%LUOL÷L72%%<|QHWLP.XUXOXh\HVL
YH'HQL]OL7LFDUHW2GDVÕ<|QHWLP.XUXOX%DúNDQÕ1HFGHWg]HU
'HQL]OL7LFDUHW2GDVÕ\ÕOÕ0DUWD\Õ0HFOLV7RSODQWÕVÕ¶QGD
VRV\RHNRQRPLNJHOLúPHOHUOHLOJLOLGH÷HUOHQGLUPHOHU\DSWÕ
'HQL]OL7LFDUHW2GDVÕLOHdDOÕúPDYH6RV\DO*YHQOLN%DNDQOÕ÷ÕLúELUOL÷L\OH'HQL]OL¶GH
IDDOL\HWJ|VWHUHQ¿UPDODULoLQ
³øúLQ<UWPLOHøú6D÷OÕ÷Õ
YH *YHQOL÷L´ NRQXOX VHPLQHULQLNLQFLVLG]HQOHGL
\ÕOÕ PDUW D\Õ LWLEDUL\OH
GQ\D HNRQRPLVL ]HULQGH
$PHULND %LUOHúLN 'HYOHWOHUL
$%' -DSRQ\D $YUXSD %LUOL÷L $% YH dLQ HNRQRPLOHULnin etkili olmaya devam etti÷LQL V|\OH\HQ %DúNDQ 1HFGHW
g]HU ³*HQHO RODUDN GQ\D
HNRQRPLVLQGHNL EHOLUVL]OLNOHULQD]DOGÕ÷ÕROXPOXEHNOHQWLOHULQDUWWÕ÷ÕJ|]OHQPHNWHGLU
$QFDN 8NUD\QD .UL]LQLQ EX
ROXPOX JHOLúPHOHUL J|OJHOHGL÷LGHELUJHUoHNWLU
% X
NUL]LQVRQXFXRODUDNHNRQRPLN
DPEDUJR X\JXODPDODUÕ EDúODUVD EXQXQ HWNLOHULQL úLPGLGHQ
WDKPLQ HWPHN Jo J|UQPHNWHGLU´GHGL
7UNL\H HNRQRPLVLQLQ \ÕOÕQÕQLOND\ODUÕQGDVWUHVDOWÕQGD NDOGÕ÷ÕQÕ GLOH JHWLUHQ g]HU
³(QÀDV\RQ YH LúVL]OLN RUDQODUÕ
\NVHOPHNWHGLU )DL] RUDQODUÕQÕQ \NVHOWLOPHVLQLQ FDUL DoÕN
G|YL]NXUODUÕYHWNHWLPKDUFDPDODUÕ ]HULQGHNL EHNOHQWLOHUL
NDUúÕODPDGÕ÷ÕDQODúÕOPDNWDGÕU
.UHGL GH÷HUOHQGLUPH NXUXOXúX
0RRG\V¶LQEDQNDQÕQJ|U-
QPQ QHJDWLI L]OHPH\H DOPDVÕ ROXPVX]OXN ROXúWXUPXúWXU
%XQXQ IDL] RUDQODUÕ
]HULQGHNL HWNLVL QHJDWLI RODFDNWÕU \ÕOÕ 2FDNùXEDW
D\ODUÕ EWoH GLVLSOLQL EHNOHQWLOHULQ ]HULQGH L\LPVHUOL÷H
VHEHS ROPXúWXU ùXEDW D\ÕQGD
EWoHPLO\DU7/ID]ODYHUPLúWLU )DL] GÕúÕ ID]OD LVH PLO\DU7/ROPXúWXU
ø O N
LNL D\GD .'9 DUWÕúÕQÕQ \]GH
FLYDUÕQGD ROPDVÕ WNHWLP
KDUFDPDODUÕQÕQ GHYDP HWWL÷LQL
J|VWHUPHNWHGLU´GL\HNRQXúWX
g]HU'HQL]OLHNRQRPLVL\OHLOJLOL \DSWÕ÷Õ GH÷HUOHQGLUPHGH
ùXEDWD\ÕLKUDFDWÕQÕQJHoHQ \ÕOÕQ D\QÕ G|QHPLQH J|UH
\]GHRUDQÕQGDDUWÕúOD
milyon 361 bin dolar olarak
JHUoHNOHúWL÷LQL LIDGH HGHUHN
ú|\OH NRQXúWX ³ùXEDW D\Õ VRQXQGD LNL D\OÕN LKUDFDW JHoHQ
\ÕOÕQD\QÕG|QHPLQHJ|UH\]GH
RUDQÕQGDDUWÕúODELQ
GRODUROPXúWXU7ø0YHULOHULQH
J|UHùXEDWD\ÕQGDHQID]OD LKUDFDW \DSÕODQ LON EHú ONH
VÕUDVÕ\OD øQJLOWHUH $OPDQ\D
$%' øWDO\D YH )UDQVD úHNOLQ-
GHVÕUDODQPDNWDGÕUùXEDW
D\ÕYHULOHULQHJ|UHHQID]ODLKUDFDW\]GHLOHKD]ÕUJL\LPNRQIHNVL\RQ\]GH
ile elektrik-elektronik-makineELOLúLP \]GH LOH GHPLU
YH GHPLU GÕúÕ PHWDOOHU \]GH
LOH WHNVWLO YH KDPPDGGHOHUL LOH \]GH LOH oHOLN
UQOHULQGHROPXúWXU\ÕOÕ
2FDND\ÕVRQXLWLEDUL\OHLWKDODW
JHoHQ\ÕOÕQD\QÕG|QHPLQHJ|UH
\]GH RUDQÕQGD DUWDUDN
211 milyon 211 bin dolar olaUDN JHUoHNOHúPLúWLU øWKDODWÕQ
NRPSR]LV\RQX LQFHOHQGL÷LQGH
'HQL]OL¶QLQ LWKDODWÕQÕQ \DNODúÕN \]GH ¶LQ ]HULQGH ELU
E|OP KDPPDGGH \DUGÕPFÕ PDGGH JLEL \DWÕUÕPD LOLúNLQ
PDGGHOHUGHQ
ROXúPDNWDGÕU
øWKDO HGLOHQ PDOODUÕQ EDúÕQGD
EDNÕUYHEDNÕUWUHYOHUL\]GH
SDPXN \]GH YHGHPLUoHOLNUQOHUL\]GH
JHOPHNWHGLU6LJRUWDOÕoDOÕúDQVD\ÕVÕ\ÕOÕ$UDOÕND\Õ
LWLEDUL\OHELU|QFHNL\ÕOÕQD\QÕ
G|QHPLQHJ|UH\]GHRUDQÕQGD DUWÕúOD ELQ NLúL
RODUDNND\ÕWDOWÕQDDOÕQPÕúWÕU´
'HQL]OL7LFDUHW 2GDVÕ 0HFOLV
%DúNDQÕ +DELE <ÕOGÕ] 'HQL]OL7LFDUHW2GDVÕ\HOHULLOH
'HQL]OL0DOL0úDYLUOHU2GDVÕ\HOHULQLQKD]ÕUEXOXQGX÷X
VHPLQHUGH øú %Dú 0IHWWLúL
YH øú 7HIWLú ø]PLU *UXS %DúNDQÕùXD\LS(Uøú%Dú0IHWWLúL 'U 6OH\PDQ g]PHQ YH
øú7HIWLúø]PLU*UXS0IHWWLúL
&HODOHWWLQ .ÕUFDOÕ NRQXúPDFÕ
RODUDNNDWÕOGÕ
7RSODQWÕQÕQ DoÕOÕúÕQGD NRQXúDQ 'HQL]OL 7LFDUHW 2GDVÕ
0HFOLV%DúNDQÕ+DELE<ÕOGÕ]
2FDNWDULKLQGHX\JXODQPD\D EDúODQDQ øú 6D÷OÕ÷Õ YH *YHQOL÷L .DQXQX LOH
7UNL\H¶GHLúKD\DWÕQÕWHPHOGHQ GH÷LúWLUHQ |QHPOL \HQLOLNOHU JHWLULOGL÷LQL EHOLUWHUHN
³ 6D\ÕOÕ øú .DQXQX¶QD
uyum ve uygulama konusunGD|QHPOLELUPHVDIHQLQDOÕQGÕ÷ÕQÕV|\OHPHNPPNQGU
$QFDNGH÷LúHQGQ\DúDUWODUÕQGD EX DODQGD µ<HQL oDOÕúPDoDOÕúWÕUPD ELoLPOHUL FUHWOHQGLUPH L]LQOHU LúYHUHQ
WDQÕPÕQGD GH÷LúLNOLNOHU LúYHUHQoDOÕúDQ LOLúNLOHULQLQ G]HQOHQPHVL GDYUDQÕú LONHOHUL
JLEL¶ X\JXODPDODU Lú KD\DWÕQÕ
ilgilendiren yeni kavramlarGÕU´GL\HNRQXúWX
2FDNWDULKLQGH³øúLQ
<UWP LOH øú 6D÷OÕ÷Õ YH
*YHQOL÷L´ NRQXOX VHPLQHU
G]HQOHGLNOHULQL KDWÕUODWDQ
<ÕOGÕ] JHoHQ ]DPDQ ]DUIÕQ-
da gelen sorular ve bilgi taOHSOHULQH \|QHOLN \HQLGHQ ELU
ELOJLOHQGLUPH
WRSODQWÕVÕQD
LKWL\Do GX\XOGX÷XQX YH EX
VHEHSOH LNLQFL WRSODQWÕ\Õ G]HQOHGLNOHULQL EHOLUWWL <ÕOGÕ]
³%\N RUDQGD HNRQRPLN YH
LQVDQ ND\ÕSODUÕQD QHGHQ RODQ
Lú ND]DODUÕQÕQ |QOHQPHVL Lú
JYHQOL÷LQLQEWQoDOÕúDQODU
LoLQ |Q SODQGD WXWXOPDVÕ NRúXOODUÕQÕ \HQLGHQ G]HQOH\HQ
VD\ÕOÕøú6D÷OÕ÷ÕYH*YHQOL÷L.DQXQXEHOOLELUJHoLú
G|QHPLQLQDUGÕQGDQ\ÕOÕ
EDúÕQGDQLWLEDUHQX\JXODQPD\DEDúODQPÕúWÕUøú6D÷OÕ÷ÕYH
*YHQOL÷L NRQXVXQX VDGHFH
HNRQRPLNND\ÕSODUÕ|QOHPHNOHGH÷HUOHQGLUPHPHNJHUHNLU
%XG]HQOHPHKHUNDGHPHGH
YH EUDQúWD oDOÕúDQ LQVDQÕPÕ]ÕQ \DúDP NDOLWHVLQL oDOÕúPD
RUWDPÕ YH úDUWODUÕQÕQ L\LOHúWLULOPHVLQL VD÷OD\DQ ELU G-
]HQOHPHGLU %X NRQXGD KHP
oDOÕúDQÕQKHPGHLúYHUHQOHULQ
NDUúÕOÕNOÕ\DVDOVRUXPOXOXNODUÕROGX÷XJLELD\UÕFDEX\DVDO
X\JXODPDQÕQ LúYHUHQH JHWLUGL÷LPDOLELUNOIHWL\DSWÕUÕPODUÕYDUGÕU´úHNOLQGHNRQXúWX
øú %Dú 0IHWWLúL YH øú 7HIWLú
ø]PLU *UXS %DúNDQÕ ùXD\LS
(U LVH GHQHWLPOHUOH LOJLOL ELOJLOHQGLUPH DPDoOÕ WRSODQWÕ
G]HQOHGLNOHULQL V|\OH\HUHN
³ \ÕOÕQGD \DSDFD÷ÕPÕ]
WHIWLúOHUGH KDQJL NRQXODUD
|QFHOLN YHUHFH÷LPL]L KDQJL
NRQXODUD GLNNDW HGHFH÷LPL]
NRQXVXQGDLOJLOLOHUHLúYHUHQOHUH YH VHQGLNDODUD DQODWÕ\RUX]dDOÕúPDVUHOHULFUHWOHU
YH L]LQOHU JLEL NRQXODUGD GHQHWLPJHUoHNOHúWLUL\RUX]'Hnetimlerde ilk olarak eksikler
WHVSLWHGLOL\RUYHEXQODUÕQJLGHULOPHVL WDUDÀDUD LOHWLOL\RU´
GHGL
10
DĂƌƚϮϬϭϰ
DTO HABER
DTO HABER
)8$57$.9ó0ó
Mart 2014
11
12
DĂƌƚϮϬϭϰ
DTO HABER
DENİZLİ TİCARET SİCİLİ MÜDÜRLÜĞÜ DUYURULARI
ŝůŐŝůĞƌŝ ĂƔĂŒŦĚĂ ǇĞƌ ĂůĂŶ ĂŶŽŶŝŵ ƔŝƌŬĞƚůĞƌŝŶŝŶ ƟĐĂƌĞƚ ƐŝĐŝůŝ ŬĂǇŦƚůĂƌŦ ƺǌĞƌŝŶĚĞ ǇĂƉŦůĂŶ ŝŶĐĞůĞŵĞ ŶĞƟĐĞƐŝŶĚĞ
ŵƺŶĨĞƐŝŚĚƵƌƵŵĚĂŽůĚƵŒƵĂŶůĂƔŦůŵŦƔƨƌ͘
ϴϰϰϴͲDZ<
7DÊ>7<bz7D>d
Êz7sd7ZdEKE7D
b7Z<d7
E7,d<D<7͕E7Z<D<7͕
D,Dd<D<7
^KEbz/>'E><hZh>
zWDzE
ϭϱ
ϳϯϮϱͲDZ<
DDbzb7>h>E
DD^h>Z/mZd7D
WZ>DÊz7s
d7ZdEKE7Db7Z<d7
D,DdD7E'7dK^hE͕
bEh)hZ͕>7dK^hE
^KEbz/>'E><hZh>
zWDzE
ϭϲ
ϳϮϭϬͲDZ<
'mZ>dhZ7DÊz7s
d7ZdEKE7Db7Z<d7
Dh^d&'mZE͕7z
)/Z'E͕s7>E<D<
^KEbz/>'E><hZh>
zWDzE
ϭϳ
ϲϰϮϵͲDZ<
<EZz'/sdm<d7D
D>Z7WZ>Ds
d7ZdEKE7Db7Z<d7
D,DdE7ZK)E͕^s'7
ZK)E͕h>>,E7^
ZK)E
^KEbz/>'E><hZh>
zWDzE
7ŶĨŝƐĂŚ^ĞďĞďŝ
ϭϴ
ϰϬϳϲͲDZ<
zZ<'d7>7<s
Dd/>/<Êz7s
d7ZdEKE7Db7Z<d7
zh^h&dmZ<Z͕Dd7E><E͕
<EEb,E͕hZZ,7D
Kz/>Z͕<7Z<hZhh
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E>
<hZh>zWDzE
ϭϵ
ϮϰϴϯϬͲDZ<
Z,
zW/͕Dm,E7^>7<͕Êz7
sd7ZdEKE7Db7Z<d7
EEs/͕ZDEW<db͕
,Dd^Z/Z
^KEbz/>'E><hZh>
zWDzE
ϮϬ
ϮϮϯϮϰͲDZ<
^d&d<^d7>Êz7s
d7ZdEKE7Db7Z<d7
D,Dd&Zh<>d/E<zE<͕
,>7></sE͕EhZdd7EWZ7
^KEbz/>'E><hZh>
zWDzE
Ϯϭ
ϭϭϬϮϰͲDZ<
DhZd<Pz,>//>/<
dhZ7DÊz7sd7Zd
EKE7Db7Z<d7
P'mZdhEZ͕&hE7W<͕
7^D7>dhEZ
^KEbz/>'E><hZh>
zWDzE
ϮϮ
ϭϬϯϵϳͲDZ<
<z,EͲdhZdhZ7D
7b>dD7>7<7EbdÊz77
sd7ZdEKE7Db7Z<d7
,mz7<z,E͕D7Z<z,E͕
,Dd<z,E
^KEbz/>'E><hZh>
zWDzE
Ϯϯ
ϭϬϬϰϮͲDZ<
E7dbE7>7dKE
mZmE>Z7d7Zds
Êz7EKE7Db7Z<d7
<D>Z/<E͕bm<ZmZ/<E͕
zbZ/<E͕Z>Z/<E
^KEbz/>'E><hZh>
zWDzE
Ϯϰ
ϭϬϬϰϭͲDZ<
W7bWDh<<>>Êd/
7b>Z7d7ZdWZ>D
sdhZ7Dzd/Z/D>Z/
EKE7Db7Z<d7
7Z,7DdZ/<ZK)E͕z^>
ZK)E͕^Z7ZK)E
^KEbz/>'E><hZh>
zWDzE
Ϯϱ
ϭϮϭϯϴͲDZ<
E>Edd<^d7>Êz7s
d7ZdEKE7Db7Z<d7
,zZE>Ed͕,>7dmEZ
E>Ed͕^ZZE>Ed
^KEbz/>'E><hZh>
zWDzE
Ϯϲ
ϭϮϬϭϳͲDZ<
z7>d<^d7><PDmZs
zW/D>D>Z7Êz7
sd7ZdEKE7Db7Z<d7
d>dz7>͕Dh,DDdsd
z7>͕b,Êz7>͕s>7
z7>
^KEbz/>'E><hZh>
zWDzE
Ϯϳ
ϭϭϰϮϴͲDZ<
<Z7^d>ZZ><dZKE7<
,Z>bD'msE>7<
Êz7sd7ZdEKE7D
b7Z<d7
>7s<E͕,D7<hZ>͕&Zh<
D7Z<K>>h͕EZ7DE'Z
^KEbz/>'E><hZh>
zWDzE
Ϯϴ
ϭϭϯϴϭͲDZ<
KZDd<^d7>Êz7s
d7ZdEKE7Db7Z<d7
'm>7E<zZ͕Ed7<zZ͕Z/
<zZ
^KEbz/>'E><hZh>
zWDzE
Ϯϵ
ϭϭϮϮϯͲDZ<
'd<^d7>Êz7s
d7ZdEKE7Db7Z<d7
K^DE^<77K)>h͕zEW
b7Db<͕<D>^<77K)>h
^KEbz/>'E><hZh>
zWDzE
ϯϬ
ϭϭϭϲϵͲDZ<
d7Zds<KEKD7K&^d
^/Ezz/EÊz7s
d7ZdEKE7Db7Z<d7
'm>^mD<D<7K)>h͕,Ê
,m^z7E<D<7K)>h͕7^D7>
,<</<D<7K)>h
^KEbz/>'E><hZh>
zWDzE
ϯϭ
ϭϮϰϳϴͲDZ<
'm>md<^d7>Êz7s
d7ZdEKE7Db7Z<d7
PEhZ<7Z͕^s7D<7Z͕
Ed7<7Z
^KEbz/>'E><hZh>
zWDzE
ϯϮ
ϭϮϰϰϲͲDZ<
shdK)>h<Z^d7>7<
E<>7zdÊz7sd7Zd
EKE7Db7Z<d7
EZ7DE<^77͕D7>P͕
,7<Dd<^77
^KEbz/>'E><hZh>
zWDzE
ϯϯ
ϭϮϯϰϳͲDZ<
<d<^d<^d7>Êz7s
d7ZdEKE7Db7Z<d7
E7,d<s^͕,sE<s^͕
,DdPd<7E
^KEbz/>'E><hZh>
zWDzE
ϯϰ
ϭϯϱϱͲDZ<
E7>7hE&Z7<>Z/
Êz7sd7ZdEKE7D
b7Z<d7
Zb7d<Z<hZd͕77E
7EK)>h͕<7Z<Z<hZd
^KEbz/>'E><hZh>
zWDzE
ϲϭϬϮƐĂǇŦůŦdƺƌŬdŝĐĂƌĞƚ<ĂŶƵŶƵŶƵŶŐĞĕŝĐŝϳŶĐŝŵĂĚĚĞƐŝƵǇĂƌŦŶĐĂ͕ƔŝƌŬĞƚůĞƌŝŶŝŶĮƐĂŚƐĞďĞƉůĞƌŝŶŝŶŝƔďƵŝŚƚĂƌŦŶ
ŝůĂŶŦŶĚĂŶŝƟďĂƌĞŶŝŬŝĂǇŝĕŝŶĚĞŵƺŶĨĞƐŝŚŽůŵĂƐĞďĞƉůĞƌŝŶŝŶŽƌƚĂĚĂŶŬĂůĚŦƌŦůĂƌĂŬďƵŶĂŝůŝƔŬŝŶŝƐƉĂƚĞĚŝĐŝďĞůͲ
ŐĞůĞƌŝŶ DƺĚƺƌůƺŒƺŵƺǌĞ ŝďƌĂǌ ĞĚŝůŵĞƐŝ ǇĂ ĚĂ ƔŝƌŬĞƟŶ ĨĂĂůŝǇĞƟŶŝŶ ĚĞǀĂŵŦŶĂ ŵƺŵŬƺŶ ŽůŵĂŵĂƐŦ ŚĂůŝŶĚĞ
ĂǇŶŦƐƺƌĞŝĕĞƌŝƐŝŶĚĞƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞƐŝ͕ĂǇƌŦĐĂƔŝƌŬĞƟŶĚĂǀĂĐŦǀĞǇĂĚĂǀĂůŦƐŦĨĂƨǇůĂĚĞǀĂŵĞĚĞŶ
ĚĂǀĂƐŦŶŦŶďƵůƵŶƵƉďƵůƵŶŵĂĚŦŒŦŶĂŝůŝƔŬŝŶǇĂǌŦůŦďĞǇĂŶŦŶDƺĚƺƌůƺŒƺŵƺǌĞǀĞƌŝůŵĞƐŝŐĞƌĞŬŵĞŬƚĞĚŝƌ͘
ĞůŝƌƟůĞŶƐƺƌĞŝĕĞƌŝƐŝŶĚĞŵƺŶĨĞƐŝŚŽůŵĂƐĞďĞƉůĞƌŝŶŝŽƌƚĂĚĂŶŬĂůĚŦƌĂŶŝƔůĞŵůĞƌŝŶǇĞƌŝŶĞŐĞƟƌŝůĚŝŒŝŶŝŶŝƐƉĂƚůĂǇŦĐŦ
ďĞůŐĞůĞƌůĞďŝƌůŝŬƚĞďŝůĚŝƌŝůŵĞŵĞƐŝǇĂĚĂƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞŵĞƐŝŚĂůŝŶĚĞƔŝƌŬĞƟŶƵŶǀĂŶŦƟĐĂƌĞƚƐŝͲ
ĐŝůŝŶĚĞŶƐŝůŝŶĞĐĞŬŽůƵƉ͕ƔŝƌŬĞƚĞĂŝƚŵĂůǀĂƌůŦŒŦŶŦŶŬĂǇĚŦŶƐŝůŝŶĚŝŒŝƚĂƌŝŚƚĞŶŝƟďĂƌĞŶŽŶǇŦůƐŽŶƌĂ,ĂǌŝŶĞǇĞŝŶƟŬĂů
ĞĚĞĐĞŒŝǀĞďƵŶƵŶŬĞƐŝŶŽůĚƵŒƵŝŚƚĂƌĞŶŝůĂŶŽůƵŶƵƌ͘
^ŦƌĂ
EŽ͘
ϭ
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭϱϭϱϰͲDZ<
7ŚƚĂƌ7ůĂŶŦŶĂ
DƵŚĂƚĂƉ7ůŐŝůŝůĞƌ
;ĚŦͲ^ŽǇĂĚŦͿ
dŝĐĂƌĞƚhŶǀĂŶŦ
7K&KZDd<^d7>Êz7sd7ZdEKE7D
b7Z<d7
E7,>PEm͕
E>EzhZb͕
&d7zhZb
ϭϰ
ŝůŐŝůĞƌŝ ĂƔĂŒŦĚĂ ǇĞƌ ĂůĂŶ ĂŶŽŶŝŵ ƔŝƌŬĞƚůĞƌŝŶŝŶ ƟĐĂƌĞƚ ƐŝĐŝůŝ ŬĂǇŦƚůĂƌŦ ƺǌĞƌŝŶĚĞ ǇĂƉŦůĂŶ ŝŶĐĞůĞŵĞ ŶĞƟĐĞƐŝŶĚĞ
ŵƺŶĨĞƐŝŚĚƵƌƵŵĚĂŽůĚƵŒƵĂŶůĂƔŦůŵŦƔƨƌ͘
ĞĚĞĐĞŒŝǀĞďƵŶƵŶŬĞƐŝŶŽůĚƵŒƵŝŚƚĂƌĞŶŝůĂŶŽůƵŶƵƌ
^ŦƌĂ
EŽ͘
ϭ
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭϰϬϱϮͲDZ<
z/>DdmZ<d<^d7>Êz7
sd7ZdEKE7Db7Z<d7
7ŚƚĂƌ7ůĂŶŦŶĂDƵŚĂƚĂƉ7ůŐŝůŝůĞƌ
^m>zDEz/>DdmZ<͕D,Dd
<7&z/>DdmZ<͕>7DhZd
z/>DdmZ<
^KEbz/>'E><hZh>
zWDzE
ŝůŐŝůĞƌŝĂƔĂŒŦĚĂǇĞƌĂůĂŶĂŶŽŶŝŵƔŝƌŬĞƚůĞƌŝŶŝŶƟĐĂƌĞƚƐŝĐŝůŝŬĂǇŦƚůĂƌŦƺǌĞƌŝŶĚĞǇĂƉŦůĂŶŝŶĐĞůĞŵĞŶĞƟĐĞƐŝŶĚĞŵƺŶͲ
ĨĞƐŝŚĚƵƌƵŵĚĂŽůĚƵŒƵĂŶůĂƔŦůŵŦƔƨƌ͘
ŝůĂŶŦŶĚĂŶŝƟďĂƌĞŶŝŬŝĂǇŝĕŝŶĚĞŵƺŶĨĞƐŝŚŽůŵĂƐĞďĞƉůĞƌŝŶŝŶŽƌƚĂĚĂŶŬĂůĚŦƌŦůĂƌĂŬďƵŶĂŝůŝƔŬŝŶŝƐƉĂƚĞĚŝĐŝďĞůŐĞͲ
ůĞƌŝŶDƺĚƺƌůƺŒƺŵƺǌĞŝďƌĂǌĞĚŝůŵĞƐŝǇĂĚĂƔŝƌŬĞƟŶĨĂĂůŝǇĞƟŶŝŶĚĞǀĂŵŦŶĂŵƺŵŬƺŶŽůŵĂŵĂƐŦŚĂůŝŶĚĞĂǇŶŦƐƺƌĞ
ŝĕĞƌŝƐŝŶĚĞƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞƐŝ͕ĂǇƌŦĐĂƔŝƌŬĞƟŶĚĂǀĂĐŦǀĞǇĂĚĂǀĂůŦƐŦĨĂƨǇůĂĚĞǀĂŵĞĚĞŶĚĂǀĂƐŦŶŦŶ
ďƵůƵŶƵƉďƵůƵŶŵĂĚŦŒŦŶĂŝůŝƔŬŝŶǇĂǌŦůŦďĞǇĂŶŦŶDƺĚƺƌůƺŒƺŵƺǌĞǀĞƌŝůŵĞƐŝŐĞƌĞŬŵĞŬƚĞĚŝƌ͘
ĞůŝƌƟůĞŶƐƺƌĞŝĕĞƌŝƐŝŶĚĞŵƺŶĨĞƐŝŚŽůŵĂƐĞďĞƉůĞƌŝŶŝŽƌƚĂĚĂŶŬĂůĚŦƌĂŶŝƔůĞŵůĞƌŝŶǇĞƌŝŶĞŐĞƟƌŝůĚŝŒŝŶŝŶŝƐƉĂƚůĂͲ
ǇŦĐŦďĞůŐĞůĞƌůĞďŝƌůŝŬƚĞďŝůĚŝƌŝůŵĞŵĞƐŝǇĂĚĂƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞŵĞƐŝŚĂůŝŶĚĞƔŝƌŬĞƟŶƵŶǀĂŶŦƟĐĂƌĞƚ
ƐŝĐŝůŝŶĚĞŶƐŝůŝŶĞĐĞŬŽůƵƉ͕ƔŝƌŬĞƚĞĂŝƚŵĂůǀĂƌůŦŒŦŶŦŶŬĂǇĚŦŶƐŝůŝŶĚŝŒŝƚĂƌŝŚƚĞŶŝƟďĂƌĞŶŽŶǇŦůƐŽŶƌĂ,ĂǌŝŶĞǇĞŝŶƟŬĂů
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
^>Edb,zsE^>
mZmE>Zs^77>7<
Êz7sd7ZdEKE7D
b7Z<d7
^Z7<z,E͕,d7^>Edb͕
'&&Z^>Edb
ϵϯϮϳͲDZ<
Z<'/dm<d7Ds
d<^d7>mZmE>Z7WZͲ
>DÊz7sd7Zd
EKE7Db7Z<d7
D,DdE7ZK)E͕^s'7
ZK)E͕h>>,E7^
ZK)E
^KEbz/>'E><hZh>
zWDzE
&Z<^7D7͕PDZ^Kz>h͕
EhZ'm>^Kz>h
^KEbz/>'E><hZh>
zWDzE
ϯϱ
ϭϯϬϵϮͲDZ<
ϲϲϱϱͲDZ<
^KzDE^Kz>hDE^hd
d7ZdsÊz7EKE7D
b7Z<d7
'm>,E'/Êz7s
d7ZdEKE7Db7Z<d7
Z'hE,hDZ/͕D><
m'mE͕z,zPE
^KEbz/>'E><hZh>
zWDzE
^/<shEh<͕>7K^DE
<,ZDE
^KEbz/>'E><hZh>
zWDzE
ϯϲ
ϭϯϰϳϴͲDZ<
ϮϮϬϱϮͲDZ<
^s7EDÊz7s
d7ZdEKE7Db7Z<d7
W7ZD7dZzKd>s7zKE
zz/E/>/<Êz7s
d7ZdEKE7Db7Z<d7
bZ7&,KZ^hE>h͕EsZEh)z͕
,m^ZszEZ
^KEbz/>'E><hZh>
zWDzE
ϮϭͲ<>E
<>EKs^/dhZ7D
7Ebdd7Zd7Zds
Êz7EKE7Db7Z<d7
EEdhz:7͕,Dddhz:7͕>>
dhz:7
^KEbz/>'E><hZh>
zWDzE
ϯϳ
ϮϭϱϯϰͲDZ<
DZd<^DE7>7<
DZDZ7>7<Êz7s
d7ZdEKE7Db7Z<d7
dhE,EsZ͕,Ê
sZ͕,DdsZ
^KEbz/>'E><hZh>
zWDzE
ϲ
ϳϵϱͲ7sZ7>
^ZzKd>s7zKE
zz/E/>/<s,Z7>7<
Êz7sd7ZdEKE7D
b7Z<d7
^m>zDEPE͕^,dd7E
zDE͕ED7zZD
^KEbz/>'E><hZh>
zWDzE
ϮϭϯϯϱͲDZ<
^&dd<^d7>^</K<hD
DK7>z7D>d͕7d,>d͕
7,Zdd7ZdsÊz7
EKE7Db7Z<d7
Z7&dKW<Z͕^KEZbZ<z͕
EZbZ<z
^KEbz/>'E><hZh>
zWDzE
ϳ
ϭϱϬϵϯͲDZ<
'7dZ7zdÊz7s
d7ZdEKE7Db7Z<d7
,E7&^7W,7͕^m>zDEdhz<
͕Z>'mE'm
^KEbz/>'E><hZh>
zWDzE
ϯϵ
ϮϬϮϮϳͲDZ<
EhZK)E<KZ<D͕>/<Ͳ
<KzhE͕ZDEKZh
^KEbz/>'E><hZh>
zWDzE
ϴ
ϭϮϰͲ^Z7E,7^Z
'7Z>7<dZ/DmZmE>Z7
Êz7sd7ZdEKE7D
b7Z<d7
D'ZzKd>s7zKE
^/Ezz/EsZ<>D/>/<
Êz7sd7ZdEKE7D
b7Z<d7
<D7>>7͕7Z,7D>7͕
,m^z7EK)E
^KEbz/>'E><hZh>
zWDzE
ϰϬ
ϮϭϱϴϳͲDZ<
z>/Ez/>/Z/D͕EEz/>/Z/D͕
D^hz/>/Z/D͕>7DhZd
z/>DdmZ<
^KEbz/>'E><hZh>
zWDzE
<PzW/D>D>Z7
7Ebdsd7ZdEKE7D
b7Z<d7
z/>/Z/D&zE^dZsZdE
7EbdsDZDZÊz7
d7ZdEKE7Db7Z<d7
zzhW<E7͕^>7,'E>͕
zbZ'E>
ϰϭ
ϭϴϳϲϱͲDZ<
^dzKdKDKd7sd7Zd
EKE7Db7Z<d7
^KEbz/>'E><hZh>
zWDzE
^ZK)>h7Ebdd<^d7>
dhZ7Dzd/Z/D>Z/Êz7
d7ZdEKE7Db7Z<d7
^hddKDbK)>h͕Dh^d&
dKDbK)>h͕,m^z7EbK>
P>7<͕>7DhZdz/>DdmZ<
DhZdb7bDEK)>h͕7>
<b/</͕7,d<b/</
ϰϮ
ϭϴϭϴϮͲDZ<
z^D7Ez/E͕mDDd'mE'PZ͕
^m>zDE>E<Pz>m
^KEbz/>'E><hZh>
zWDzE
7EdhZEKE7Db7Z<d7
d/EK>h7Ebds
dhZ7DÊz7EKE7D
b7Z<d7
DbKZDEmZmE>Z7
Êz7sd7ZdEKE7D
b7Z<d7
>7b,7E͕P'mZb,7E͕Dh^dͲ
&<D>b,7E
ϭϴϬϱϬͲDZ<
^dzd<^d7>Êz7s
d7ZdEKE7Db7Z<d7
^KEbz/>'E><hZh>
zWDzE
ϴϱϭϰͲDZ<
<P^K)>hh>h^>ZZ^/
db/D/>/<dhZ7Ds
d7ZdEKE7Db7Z<d7
D,Dd<7&z/>DdmZ<͕
Dh^d&dKDbK)>h͕^hd
dKDbK)>h͕^m>zDEz/>DͲ
dmZ<͕>7DhZdz/>DdmZ<
&7<Zd<P^K)>h͕dhZE
<P^K)>h͕7Z,7D<P^K)>h
^KEbz/>'E><hZh>
zWDzE
ϭϳϳϮϮͲDZ<
'P<,EmE>͕7>,D7mE>͕
&ZhhEmE>
^KEbz/>'E><hZh>
zWDzE
hZDhbdK^hEZ͕Z^7,Z/<E͕
Dh,DDdZ77
^KEbz/>'E><hZh>
zWDzE
ϴϱϬϬͲDZ<
mE>>Zd<^d7>Êz7s
d7ZdEKE7Db7Z<d7
E7>7D7Z>7<7Ebd
D>D>Z7d<^d7>
Êz7sd7ZdEKE7D
b7Z<d7
ϭ
Ϯ
ϯ
ϰ
ϱ
ϵ
ϭϬ
ϭϭ
ϭϮ
ϭϮϱͲ<<Pz
ϵϴϮϳͲDZ<
ϵϳϬϱͲDZ<
ϵϭϮϴͲDZ<
^KEbz/>'E><hZh>
zWDzE
ϯϴ
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E><hZh>
zWDzE
ϰϯ
ϰϰ
ϭϯ
DTO HABER
13
Mart 2014
ϭϵ
ϭϬϱϯϴͲDZ<
<K^7EEK)>h,>/<7>7Dd<^d7>WZ>Dsd7Zd
>7D7db7Z<d7
db</EZ7D
ϮϬ
ϭϬϮϭϳͲDZ<
Zd<^d7>Êz7s/bd7Zd>7D7db7Z<d7
&ZZD)E
Ϯϭ
ϭϬϱϳϰͲDZ<
m>Z7b7'7z7DÊz7sd7Zd>7D7db7Z<d7
h)hZ>/b͕ZDE
7>'mE͕,D7</>/<
ϮϮ
ϭϬϲϲϯͲDZ<
zE7P><hZhzD7b'/Êz7sd7Zd>7D7db7Z<d7
Dh^d&hZ,E
Ϯϯ
ϵϴϴϮͲDZ<
dmD>Z7Êz7sd7Zd>7D7db7Z<d7
dZ/<>7
Ϯϰ
ϭϬϭϬϬͲDZ<
^d7Es'Z>Z7WZ>Dd7ZdsÊz7>7D7d
b7Z<d7
mDDm,E^>Ez
Ϯϱ
ϭϬϬϲϳͲDZ<
zͲz/>dhZ7D^z,dEd>7)7>7D7db7Z<d7
zbZ'mZ>Z͕zbZ
z/>D
Ϯϲ
ϲϵϬϮͲDZ<
<dbDE7>7<Êz7sd7Zd>7D7db7Z<d7
d,7ZZ>/E
Ϯϳ
ϳϯϮϭͲDZ<
>dEWZ>Dsd7Zd>7D7db7Z<d7
>7><E
Ϯϴ
ϳϱϳϬͲDZ<
h>,<Zb>ZKdKz<WZd7Zd>7D7db7Z<d7
,<</z<
Ϯϵ
ϴϭϭϳͲDZ<
E<7EbdÊz7sd7Zd>7D7db7Z<d7
<D>dd7E<W>E
ϯϬ
ϴϵϰϵͲDZ<
bZdhZdhZ7Dd7Zds^z,d>7D7db7Z<d7
Z^7,b^KZ<hE͕
,m^z7EzdmE>m
ϯϭ
ϴϵϭϵͲDZ<
WDh<<>d<^d7>Êz7sd7Zd>7D7db7Z<d7
D,Dd'm>7Z
ϯϮ
ϵϬϭϬͲDZ<
^7>D><7Ebdd,,md>7D7db7Z<d7
z,Ed/</ZK)>h͕>7
d/</ZK)>h
^KEbz/>'E><hZh>
zWDzE
ϯϯ
ϵϭϭϲͲDZ<
d7E<Zb>Z><dZ7<s^/,,7d^7^dD>Dd7Zd
Êz7>7D7db7Z<d7
ZWd7E
^KEbz/>'E><hZh>
zWDzE
ϯϰ
ϵϭϴϮͲDZ<
DmmZK)>hWZ>Dd7Zd>7D7db7Z<d7
D>b
ϯϱ
ϴϴϬϴͲDZ<
'mZd<^d<^d7>Êz7sd7Zd>7D7db7Z<d7
,>7>mzm<>7
ϯϲ
ϴϰϰϳͲDZ<
d>Ͳ<K><dZKE7<d><KD7E7<^zKE>7D7db7Z<d7
D,Dd>7'm>
ϯϳ
ϴϱϳϵͲDZ<
'P7Ebd,bW<KZ^zKEÊz7sd7Zd>7D7d
b7Z<d7
EE>7<
ϯϴ
ϴϱϴϬͲDZ<
'mEb7EbdÊz7sd7Zd>7D7db7Z<d7
EE>7<͕Z7&dZ'mE
ϯϵ
ϴϳϮϰͲDZ<
,7^ZD>7Dmbs7Z>7<Dh,^7Ebd7d,>d7,Zd
Êz7sd7Zd>7D7db7Z<d7
ZW,7
ϰϬ
ϴϰϯϲͲDZ<
z><E>7,>dÊz77sd7Zd>7D7db7Z<d7
PDZz>/E
ϰϭ
ϭϮϱϲϱͲDZ<
<^<7E>7D7EzhDK)ZDÊz7sd7Zd>7D7db7Z<d7
Dh^<^<7E
ϰϮ
ϭϮϴϭϵͲDZ<
>7<7Ebdd,,mdd7ZdsÊz7>7D7db7Z<d7
,<</>7<
ϰϯ
ϭϮϯϭϵͲDZ<
7Ez/>d<^d7>7d,>d7,ZdWZ>DÊz7sd7Zd
>7D7db7Z<d7
,m^z7E7E7
ϰϰ
ϭϮϰϰϮͲDZ<
d/Ͳd<Ê^PZ>Z7Êz7sd7Zd>7D7db7Z<d7
>7Dh&&Z^)>D
ϰϱ
ϭϮϰϲϭͲDZ<
DZDK7>zK)ZDÊz7sd7Zd>7D7db7Z<d7
&Zh<DZK)>h
ϲϭϬϮƐĂǇŦůŦdƺƌŬdŝĐĂƌĞƚ<ĂŶƵŶƵŶƵŶŐĞĕŝĐŝϳŶĐŝŵĂĚĚĞƐŝƵǇĂƌŦŶĐĂ͕ƔŝƌŬĞƚůĞƌŝŶŝƔďƵŝŚƚĂƌŦŶŝůĂŶŦŶĚĂŶŝƟďĂƌĞŶ
ŝŬŝĂǇŝĕŝŶĚĞƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞƐŝ͕ĂǇƌŦĐĂƔŝƌŬĞƟŶĚĂǀĂĐŦǀĞǇĂĚĂǀĂůŦƐŦĨĂƨǇůĂĚĞǀĂŵĞĚĞŶĚĂǀĂƐŦŶŦŶ
ϰϲ
ϭϮϰϲϴͲDZ<
zD7Z,7>7<Êz7sd7Zd>7D7db7Z<d7
,m^Dzs>/
ϰϳ
ϭϮϯϴϵͲDZ<
7>'Z7^zW/D>D>Z7WZ>DÊz7sd7Zd
>7D7db7Z<d7
E,d&zKE
ĞůŝƌƟůĞŶƐƺƌĞŝĕĞƌŝƐŝŶĚĞƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞŵĞƐŝŚĂůŝŶĚĞƔŝƌŬĞƟŶƵŶǀĂŶŦƟĐĂƌĞƚƐŝĐŝůŝŶĚĞŶƐŝůŝŶĞĐĞŬ
ŽůƵƉ͕ƔŝƌŬĞƚĞĂŝƚŵĂůǀĂƌůŦŒŦŶŦŶŬĂǇĚŦŶƐŝůŝŶĚŝŒŝƚĂƌŝŚƚĞŶŝƟďĂƌĞŶŽŶǇŦůƐŽŶƌĂ,ĂǌŝŶĞǇĞŝŶƟŬĂůĞĚĞĐĞŒŝǀĞďƵŶƵŶ
ŬĞƐŝŶŽůĚƵŒƵŝŚƚĂƌĞŶŝůĂŶŽůƵŶƵƌ͘
ϰϴ
ϭϮϴϮϳͲDZ<
ÊWZ/Ed^K&^ddhZ7DÊz7sd7Zd>7D7db7Z<d7
D,Dd>7>/K)>h
ϰϵ
ϭϯϰϳϯͲDZ<
mD7dW>^d7<D>:Êz7sd7Zd>7D7db7Z<d7
7d^Z
ϱϬ
ϭϮϵϴϱͲDZ<
EhZͲdbd<^d7>Êz7s/bd7Zd>7D7db7Z<d7
EhZ,Ed/</ZK)>h͕
7Z,7Ddb
ϱϭ
ϭϯϬϴϭͲDZ<
ZͲ^d<^d7>Êz7sd7Zd>7D7db7Z<d7
^sbZ<͕Z></sE
ϱϮ
ϭϭϮϬϬͲDZ<
>D<Dm,E7^>7<><dZ7<><dZKE7<Êz7sd7Zd
>7D7db7Z<d7
7,Ê/<>/E
ϱϯ
ϭϭϬϲϮͲDZ<
,dbd<^d7>WZ>DÊz7sd7Zd>7D7db7Z<d7
Dh^d&db>/>/
ϱϰ
ϭϬϴϲϴͲDZ<
,DhZ'><dZKE7<Êz7sd7Zd>7D7db7Z<d7
ZDEWDh<h
ϭϲϳϲϰͲDZ<
>d/EzWZ<d<^d7>E</b
<KE&<^7zKEÊz7s
d7ZdEKE7Db7Z<d7
ϰϲ
ϭϲϳϰϴͲDZ<
:<ZÊd<^d7>Ͳ
<KE&<^7zKEÊz7s
d7ZdEKE7Db7Z<d7
&Z7hE/b><͕7Z&E/b><͕
,>h<PZ<
^KEbz/>'E><hZh>
zWDzE
ϰϳ
ϭϲϳϮϬͲDZ<
D>E^P>^)>/<
,7Dd>Z7Êz7s
d7ZdEKE7Db7Z<d7
s>7<><E͕7^DdE͕
&dD<><E
^KEbz/>'E><hZh>
zWDzE
>7dDm,E7^>7<d><KD
7EbddhZ7Dd<^d7>
Êz7sd7ZdEKE7D
b7Z<d7
>7Z7&<zb/͕7^D7><ZͲ
<͕s>7z/>/Z/D
^KEbz/>'E><hZh>
zWDzE
ϭϱϲϵϳͲDZ<
d/d<^d7>Kzzd/Z/D
Êz7sd7ZdEKE7D
b7Z<d7
^DbE'm>͕Z&dZdhE͕
Z7&bE'm>
ϭϰϴϬϰͲDZ<
d/EK>h>7z>Z
7Z>7)77Ebd><dZ7<
><dZKE7<Dm,E7^>7<
Dmbs7Z>7<d7ZdÊz7
EKE7Db7Z<d7
7^7E͕>7>d/EZ͕,>7>
z,E͕D,Ddz/>/͕<ZD
<z/Z
^KEbz/>'E><hZh>
zWDzE
ϭϰϲϱϭͲDZ<
'PZWbd<^d7>Êz7s
d7ZdEKE7Db7Z<d7
7>'PZE͕zbZhEh͕Z7&
'PZE
^KEbz/>'E><hZh>
zWDzE
ϭϰϮϴϰͲDZ<
&Z,d<^d7>Êz7s
d7ZdEKE7Db7Z<d7
D,Dd^Z<EÊ͕^ZZ
Ê͕D,DdDhd>/
^KEbz/>'E><hZh>
zWDzE
>K7<zDZDZÊz7
sd7ZdEKE7Db7Z<d7
^Z>'m>Z͕^,dd7E^Z/͕
E7zZ>/
ϭϯϳϱϮͲDZ<
WEdd<^d7>Êz7s
d7ZdEKE7Db7Z<d7
D,DdD7Z͕<ZDD7Z͕
hZhdE
ϭϰϱϵϬͲDZ<
d7E<Zb>Z
Dm,E7^>7<d,,md
7EbdD>D>Z7
WZ>DÊz7s
d7ZdEKE7Db7Z<d7
EhZ^>d7E͕h>>,^ZdͲ
<z͕dmZ<zd7E͕ZWd7E
ϴϵϮϬͲDZ<
P>>ZDE7>7<s
'/Êz7sEKE7D
b7Z<d7
^ZWd7E<z͕DhDDZ
E/bDE͕Dh,^7EE/bDE
ϭϰϭϮϴͲDZ<
)7Ebds
D>D>Z7d<^d7>
Êz7sd7ZdEKE7D
b7Z<d7
ϵϰϵϴͲDZ<
'DEd<^d7>Êz7
d7ZdsWZ>D
EKE7Db7Z<d7
ϰϱ
ϰϴ
ϰϵ
ϱϬ
ϱϭ
ϱϮ
ϱϯ
ϱϰ
ϱϱ
ϱϲ
ϱϳ
ϱϴ
ϭϱϴϳϲͲDZ<
ϭϯϴϴϭͲDZ<
z>>d/EzWZ<͕Ê7z7'7͕
d7E>d/EzWZ<͕
&Zb,7E͕D>D<>7͕>7
7,Êzsh
E7D'mZ>ZzE77͕E7Dd
zE77͕h)hZzE77
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E><hZh>
zWDzE
^KEbz/>'E><hZh>
zWDzE
ŝůŐŝůĞƌŝ ĂƔĂŒŦĚĂ ǇĞƌ ĂůĂŶ ůŝŵŝƚĞĚ ƔŝƌŬĞƚůĞƌŝŶ ƟĐĂƌĞƚ ƐŝĐŝůŝ ŬĂǇŦƚůĂƌŦ ƺǌĞƌŝŶĚĞ ǇĂƉŦůĂŶ ŝŶĐĞůĞŵĞ ŶĞƟĐĞƐŝŶĚĞ͕
ϮϰͬϲͬϭϵϵϱƚĂƌŝŚůŝǀĞϱϱϵƐĂǇŦůŦdƺƌŬdŝĐĂƌĞƚ<ĂŶƵŶƵŶƵŶĂǌŦDĂĚĚĞůĞƌŝŶĚĞĞŒŝƔŝŬůŝŬzĂƉŦůŵĂƐŦŶĂĂŝƌ<ĂŶƵŶ
,ƺŬŵƺŶĚĞ<ĂƌĂƌŶĂŵĞŐĞƌĞŒŝŶĐĞ͕ƐĞƌŵĂǇĞůĞƌŝŶŝĂŶŦůĂŶ<ĂŶƵŶ,ƺŬŵƺŶĚĞ<ĂƌĂƌŶĂŵĞŝůĞƂŶŐƂƌƺůĞŶƚƵƚĂƌůĂƌĂ
ĕŦŬĂƌŵĂŵŦƔŽůĚƵŬůĂƌŦƚĞƐƉŝƚĞĚŝůĚŝŒŝŶĚĞŶŵƺŶĨĞƐŝŚĚƵƌƵŵĚĂŽůĚƵŒƵĂŶůĂƔŦůŵŦƔƨƌ͘
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭ
ϴϱϰϬͲDZ<
ZDm,E7^>7<d,,mdsd7Zd>7D7db7Z<d7
Dh^d&>7<z'hE͕
Z/&d<^Z͕Dh,ZZD
ZdhE
Ϯ
ϭϮϯϯϬͲDZ<
DK>>K)>h<hD7b>dD^7Êz7sd7Zd>7D7db7Z<d7
7^^d͕zh^h&^d
ϯ
ϭϬϮϭϭͲDZ<
zͲ&dhZdhZ7D7b>dD7>7)7Êz7sd7Zd>7D7d
b7Z<d7
Dh,ZZD<K/z/<
ϱϱ
ϭϬϵϳϰͲDZ<
WDh<<>^WKZdhZ7D>7D7db7Z<d7
Dh^d&Z
ϰ
ϴϲϲϴͲDZ<
'mEͲd<^d<^d7>d7Zd>7D7db7Z<d7
,DdmE>m͕bm<Zm
Z'm>͕ZDE'msE
ϱϲ
ϭϭϬϯϰͲDZ<
dD7ZÊz7sd7Zd>7D7db7Z<d7
,m^z7EZ^Z/͕<7Z
Z/<E͕Z^7,Z/<E
K^DEhdW͕Dh^dͲ
&hdW͕D,Dd
hdW
ϭϭϬϯϱͲDZ<
ϭϬϬϴϴͲDZ<
DZ<mZ'/D>Z7>/bsZ7bDZ<>Z7sd7Zd
>7D7db7Z<d7
ϱϳ
ϱ
EͲWE7>7s'Z>Z7WZ>Dsd7Zd>7D7d
b7Z<d7
DDh,d&7͕'m>E
d&7
ϱϴ
ϭϬϵϲϮͲDZ<
P<KdhZ7D͕'/zd/Z/D7b>dD>Z7Êz7sd7Zd
>7D7db7Z<d7
>7P<E
ϲ
ϭϬϬϵϵͲDZ<
Ed^7'KZdZ/>/<,7Dd>Z>7D7db7Z<d7
Kz^mZ,E
ϳ
ϳϭϵϬͲDZ<
PZEd<^d7>Êz7sd7Zd>7D7db7Z<d7
>md&7)7ZDE7K)>h
ϱϵ
ϭϭϵϳϯͲDZ<
KZ<EZ7Êz7sd7Zd>7D7db7Z<d7
z/E<ED7Z͕7Z'm>
z/>/
ϴ
ϵϬϯϴͲDZ<
'E,/>Zd<^d7>WZ>DÊz7sd7Zd>7D7d
b7Z<d7
^ZZdhE͕d7E
dD7
ϲϬ
ϭϮϭϰϵͲDZ<
Edd<^d7>7d,>d7,ZdÊz7sd7Zd>7D7db7Z<d7
dDZ7&E>Ed
<7Zz/E>/͕,>7>
7Z,7Dz/E>/
ϭϭϴϵϴͲDZ<
<,E,7>7<Êz7sd7Zd>7D7db7Z<d7
,m^Dzs>/
ϵϲϵϮͲDZ<
z/E>/<KE&<^7zKEmZmE>Z7Êz7sd7Zd>7D7d
b7Z<d7
ϲϭ
ϵ
ϲϮ
ϭϮϮϬϮͲDZ<
zsh7Ebdd7ZdsÊz7>7D7db7Z<d7
&d7,Z'mE
ϭϬ
ϵϳϱϲͲDZ<
ZͲDd>WZ>DsÊz7>7D7db7Z<d7
&,D7Z/<E
ϲϯ
ϭϮϮϮϳͲDZ<
b<EdKdKDKd7sÊz7sd7Zd>7D7db7Z<d7
7><EhZd7E>
ϭϭ
ϵϮϴϴͲDZ<
WDh<<>hK>W>Z/d7Z7sÊz7>7D7db7Z<d7
DEZ^>/<
ϲϰ
ϭϮϮϯϮͲDZ<
zd7E>7K)>hKdKDKd7sÊz7sd7Zd>7D7db7Z<d7
<7zdmE>mK)>h
ϭϮ
ϵϯϰϭͲDZ<
7>'7^zZ7>>Z7DZ<7)7d7Dsd7Zd>7D7db7Z<d7
^/ZZ/)/
ϲϱ
ϭϮϮϰϯͲDZ<
d<E7<,Z7dDm,E7^>7<7EbdÊz7sd7Zd>7D7d
b7Z<d7
7dd7E7Z͕>7^PEͲ
D
ϭϯ
ϵϯϯϳͲDZ<
)>Zd<^d7>Êz7sd7Zd>7D7db7Z<d7
>7dhZ'hd
ϭϰ
ϵϱϮϲͲDZ<
<Pz>mDDK7>zÊz7sd7Zd>7D7db7Z<d7
EdÊ>
ϲϲ
ϭϭϲϮϵͲDZ<
</E7E'P>>ZdhZ7D,zsE/<Êz7sd7Zd>7D7d
b7Z<d7
7Z,7DbE^>E7
</E7E'P>
ϭϱ
ϵϱϰϬͲDZ<
s/7EbdD>D>Z7d7ZdsÊz7>7D7db7Z<d7
,>7>7Z,7Ds/͕
EZ7DEs/
ϲϳ
ϭϭϳϱϳͲDZ<
'sEm^ZzKd>s7zKEsZ<>D/>/<Êz7sd7Zd
>7D7db7Z<d7
,/K^DEz/>/Z/D
ϭϲ
ϵϰϬϮͲDZ<
<Z>/K)>h7EbdE<>7zddhZ7DWZ>Dd7Zd
>7D7db7Z<d7
,Dd<Z>/K)>h
ϲϴ
ϭϭϳϴϳͲDZ<
D'7>'7^zZÊz7sd7Zd>7D7db7Z<d7
,DdhZE͕<Z
hZE͕7ZK>^P)md</ZE
ϭϳ
ϭϬϱϱϴͲDZ<
E<K7d,>d7,ZdÊz7d7Zd>7D7db7Z<d7
sE7E>7K)>h
ϲϵ
ϲϱϯϰͲDZ<
/<>DK7>z<KZ^zKEÊz7sd7Zd>7D7db7Z<d7
7Z,7D^P<Ê
ϭϴ
ϭϬϱϮϭͲDZ<
'm>ͲÊd<^d7>Êz7sd7Zd>7D7db7Z<d7
,m^z7EÊsZ7͕>7
ÊsZ7͕d>7WÊsZ7
ϳϬ
ϭϲϴϵͲDZ<
zW/7bd7Zd>7D7db7Z<d7
Esd<KZh͕7^D7>
Z77
ϳϭ
ϭϬϬϰϵͲDZ<
hZDWdZK>mZmE>Z7dhZ7Dd7Zd>7D7db7Z<d7
>77b7
14
DĂƌƚϮϬϭϰ
^ŦƌĂ
EŽ͘
ϭ
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
DTO HABER
ϭϰ
ϳϭϴϵͲDZ<
Pz<dhZ7Ds<Zz</dd7Zd
EKE7Db7Z<d7
D,Ddd7<sb͕,DdPz<͕&dD
Pz<͕^/<bZE
ϭϱ
ϳϭϳϳͲDZ<
bWZD<KZ^dZz>ZÊz7s
d7ZdEKE7Db7Z<d7
D,DdD7Z'7dK^hE͕PDZ<D<͕
,m^z7E7>͕>7<Z<hZd
ϭϲ
ϲϵϯϯͲDZ<
K7EbdE7>7<hD</>dbDZDZ
mZd͘)/d/DÊz7sd7ZdEKE7D
b7Z<d7
,Ê<hZbhEh͕7^D7><>7<͕b<7Z
K)>h͕<EEb,E͕Dh^d&&Z7d
<z^h͕,D7dmZ<E͕&7<Z7dmZ<E
ϭϳ
ϲϵϬϳͲDZ<
7Zd</^/Êz7sd7ZdEKE7Db7Z<d7
>7<hZd͕7E7>zzE7͕E7,>KD7Z͕
D,Dd<h7>zKD7Z
ϭϴ
ϲϲϰϬͲDZ<
hz'hZh>h^>ZZ^/E<>7zdsd7Zd
EKE7Db7Z<d7
7Z,7DZ7b<7E͕,m^z7E,zd͕z,E
^>E͕ZDE<zD</
ϭϵ
ϱϲϴϳͲDZ<
sbz>Z/s><dZ7<><dZKE7<
DDh>sD>D>Z7WZ>Ds
d7ZdEKE7Db7Z<d7
^>,dd7Ez/>/Z/D͕^'7EE'>͕&hd
)s7ZE͕7Z,7D<&^͕>7K)͕
D,Dd^s7>͕>7Z/s/
ϮϬ
ϱϱϰϲͲDZ<
D<Ͳ7D<Es'E>D<7EÊz7
sd7ZdEKE7Db7Z<d7
^>7DPZ^͕>7zsh,Z͕^dd7Ed>z͕
,d^<7EZ͕,m^z7EZ&d^<7EZ͕
Dh^d&<E7mZ<
ϱϲϭͲ>
W/EZdhZ7DWZ>DÊz7sd7Zd>7D7db7Z<d7
7Z,7DP,E
Ϯ
ϲϱϮͲ7sZ7>
^>dbDEDZDZsmZmE>Z7Êz7sd7Zd
Dmbs7Z>7<>7D7db7Z<d7
7Z&EDD
ϯ
ϭϬϱͲ,KE
KEdhZdhZ7Dd7ZdsÊz7>7D7db7Z<d7
hZDhb>7KEdhZ͕
,>7>KEdhZ
Ϯϭ
ϰϴϲϬͲDZ<
^Pdb^P<ÊD7ZÊz7sd7Zd
EKE7Db7Z<d7
<7Z^P<Ê͕D,DhdP7b͕7Z,7D
^P<Ê͕7^D7>^P<Ê
ϰ
ϳϵϮͲ7sZ7>
mEZ>Z'/sWdZK>mZmE>Z7Êz7sd7Zd
>7D7db7Z<d7
zbZmEZ͕E7Z
mEZ
ϮϮ
ϰϳϱϳͲDZ<
^P<ÊWZ>Dsd7ZdEKE7D
b7Z<d7
7>E/<>͕>77,Ê^P<Ê͕Dh^d&
^P<Ê͕7Z,7D^P<Ê
Ϯϯ
ϰϱϴϲͲDZ<
<>>7dZ/DmZmE>Z7dZ/DD<7E>Z/
Êz7sd7ZdEKE7Db7Z<d7
D͘hZEh͕7><zP^Kz͕,Dd<KZ<hd
P^Kz͕<7ZmE^>P^Kz
Ϯϰ
ϰϱϯϴͲDZ<
zhDbzh^h&>77EbdD>D>Z7
,<Ed>z͕&dDzE͕hZ,EZÊ͕
Ds>mdWK>d
Ϯϱ
ϯϵϮϬͲDZ<
dÊE7>7,/ZdKEmZd7D
)/d/DÊz7sd7ZdEKE7D
b7Z<d7
d7E7>'7,E͕Dh^d&z/>D͕,Ê
7>7Z͕bZ&dd7EddZ͕D,7Z^Z͕Dh^dͲ
&<E͕z/E'mZ^Kz
Ϯϲ
ϮϵϮϭͲDZ<
DKZED>:Êz7sd7Zd
EKE7Db7Z<d7
>>bZ>/͕DE^hZE>EdK)>h͕7>'7
E>EdK)>h͕z/E^z7DE>EdK)>h͕
,DdD,7ZE>EdK)>h͕Z/>7<<K>
Ϯϳ
ϭϬϱϵϰͲDZ<
d,zd^7'KZdZ/>/<,7Dd>Z7
EKE7Db7Z<d7
Z'hED7Z7͕^/<KD7Z͕7^D7>
KEhZKEE͕'m>^mD</Z>/͕&d7,EK)E͕
'mZ,EEK)E
Ϯϴ
ϭϮϭϰϱͲDZ<
P>b7&,^dE^7EKE7Db7Z<d7
,>zdE7&d7͕Z/>7<<K>͕Dh^d&
h)hZ,E7&d7͕7,E'7Z7&d7
Ϯϵ
ϭϮϰϳϴͲDZ<
'm>md<^d7>Êz7sd7ZdEKE7D
b7Z<d7
D,Dd'P'mE͕PEhZ<7Z͕^s7D<7Z
͕Ed7<7Z
ϯϬ
ϭϮϰϵϴͲDZ<
sZ^zd><KDÊz7sd7Zd
EKE7Db7Z<d7
^7d<b7d͕D,Dd^7d<b7d͕dhEZ
dhE7><͕m,dmE7
ϯϭ
ϭϮϴϳϭͲDZ<
d7bdhZ7D7EbdZ7Êz7s
d7ZdEKE7Db7Z<d7
^>7Dz/>D͕'mZm'EK)>h͕&Z
'E͕PDZ^>D7<D
ϯϮ
ϭϯϬϱϰͲDZ<
E<bz)Êz7sd7ZdEKE7D
b7Z<d7
^&7z<zD͕m><7ZPWK>d͕
7Z,7D<Z<b͕KE,DdE'7E
ϯϯ
ϭϮϰϰϯͲDZ<
zm<^>>/K)>hzD>Z7WZ>D
D7E<7Z7b͕zm<^>zbZ͕zbzbZ͕,Z7
zbZ
ϯϰ
ϭϮϯϱϰͲDZ<
z7ZD7'd7>7<Dd/>/<Êz7s
d7ZdEKE7Db7Z<d7
E'7>Wd<7E͕'PEm>^>7͕,mÊm
K<hDhb͕Dh,DDd<Zz͕D,Dd
,>7>Z/<͕D,Dd</Z
ϯϱ
ϭϭϭϲϮͲDZ<
>DE/,^dE7>7<7EbddhZ7D
7b>dD7>7)7EKE7Db7Z<d7
^m>zDE>7<E>/͕Dh^d&h)hZ,E
7&d7͕Ds>mdKb<hEZ
ϯϲ
ϭϬϱϮϬͲDZ<
dDd>Êz7sd7ZdEKE7D
b7Z<d7
7>Ê<hZd͕D,Dddb͕d7DhZPED͕
Z^7,Z/<E͕D,Dd<KZ<hd>W͕<7Zdb
ϯϳ
ϭϬϰϮϮͲDZ<
hZ<,E7EbdͲd<^d7>Êz7d7Zd
EKE7Db7Z<d7
Zh<7z^Z/<z͕zhZ'm>,E7&</Z
͕D,DdZ<E</Z͕&s7bE></Z͕
Dh^d&^Z/<z
ϯϴ
ϭϬϰϭϯͲDZ<
<h>hd>ZdhZ7D7Ebdd7Zds
Êz7EKE7Db7Z<d7
KZ,EPED͕'m>Zz>/E͕m>Ed<hͲ
>hd͕,Ê,m^z7E<h>hd
ϯϵ
ϭϬϭϬϳͲDZ<
dh&Ed<^d7>'7z7DÊz7sd7Zd
EKE7Db7Z<d7
,m^z7E<KEE͕zbbm<ZEzmb͕,Dd
Z/</Zd͕bm<Zmzmb͕>77dzmb
ϰϬ
ϭϬϬϱϱͲDZ<
mEZ<KE&<^7zKEÊz7d7Zd
EKE7Db7Z<d7
ZDEb/͕&7<ZdmEZ͕DZzDmEZ
͕EsdmEZ
ϰϭ
ϭϬϬϱϮͲDZ<
Êd<^d7>Êz7sd7ZdEKE7D
b7Z<d7
<D>^<77K)>h͕K^DE^<77K)>h͕E7,>
dhZ'hd͕zE>dhZ'hd
ϰϮ
ϯϱϲϬͲDZ<
,<EE7>7h>h^>ZZ^/&Z7'KZ7&7<
E<>7zdsd7ZdEKE7Db7Z<d7
,m^Ddd7Ed><͕Dd7E'PZEZ͕zm<^>
PD7Z͕ZdEÊ͕7Z,7DPEZ͕^7d
P,E͕^m>zDEPZhZ'h>
ϰϯ
ϭϮϱϵϵͲDZ<
Wz:/bd7ZdEKE7Db7Z<d7
^7'mE>W͕>7ZK)E͕EsZ'mZE
͕,DdE>/͕,mz7d7>Z͕D,Dd<Z<Ͳ
/>/͕zZDd,^7E<K)>h
ϰϰ
ϭϮϬϴϳͲDZ<
dZDKͲd<^D<7EÊz7sd7Zd
EKE7Db7Z<d7
D,Dd>7,Ê͕bEK><Kb͕z^>
<hE</͕7^D7><hE</
ϰϱ
ϯϱϰϱͲDZ<
zZ<dZdKWZ<Êz77sd7Zd
EKE7Db7Z<d7
,7>D7Z<>͕D>dD><^>͕D,Dd
>d/E͕ÊZd/>'E͕K^DED7Z7͕
^,dd7EPE͕,DdKz͕D,Dd
^>7,Kz͕D^hdhhEK)>h
ϰϲ
ϭϬϲϰϭͲDZ<
dE<^d<^d/>Êz7sd/ZdEKE7D
b7Z<d7
K<dzE>7K)>h͕,ÊWKzZ͕E:d^Z/Ͳ
<z͕Z/>7<<K>͕sE7E>7K)>h͕
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭ
ϭϱϬϮϳͲDZ<
ΗD>E^^)>/<,7Dd>Z7s/bd7Zd>7D7db7Z<d7Η
s>7<><E
Ϯ
ϭϮϲϮϳͲDZ<
zhsD><dhZ7D7Ebdd<^d7>Êz7sd7Zd>7D7d
b7Z<d7
>7DhZd<^<7E
ϯ
ϭϰϰϵϭͲDZ<
ΗzE7d^>/d<^d7>Ͳ<KE&<^7zKEÊz7sd7Zd>7D7d
b7Z<d7Η
,Ddd^>/͕7^D7>
d^>/
ϰ
ϭϯϴϵϳͲDZ<
'P<DE>ZdhZ7D7b>dD>Z7d<^d7>Êz7sd7Zd
>7D7db7Z<d7
&7<Zd'P<DE
ϱ
ϵϬϮϴͲDZ<
^ͲdhZ7EbdDm,E7^dhZ7Dsd7Zd>7D7db7Z<d7
&,Zdd7E7<Z͕h)hZ
<^<7EZ͕Dh&&Z
zm<^>
ŝůŐŝůĞƌŝ ĂƔĂŒŦĚĂ ǇĞƌ ĂůĂŶ ĂŶŽŶŝŵ ƔŝƌŬĞƚůĞƌŝŶ ƟĐĂƌĞƚ ƐŝĐŝůŝ ŬĂǇŦƚůĂƌŦ ƺǌĞƌŝŶĚĞ ǇĂƉŦůĂŶ ŝŶĐĞůĞŵĞ ŶĞƟĐĞƐŝŶĚĞ͕
^ŦƌĂ
EŽ͘
ϭ
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϵϬϭϴͲD<
^7D^mWZ>7<^d/bKZ'E7^zKEhs
d7ZdEKE7Db7Z<d7
ZE<Z͕D,Dd>7E͕>7
<K>hK)>h͕EE>dz͕,Ê>dz͕DͲ
,Dd>dz
ϭϬϱϯϰͲDZ<
PdmZ<W>^d7<Êz7sd7ZdEKE7D
b7Z<d7
Dh,7dd7EÊ͕,DdPdmZ<͕Dh,DDd
PdmZ<͕,ZhEPdmZ<
ϯ
ϵϴϲϱͲDZ<
^dzWE7>7^)>/<d^7^>Z7zWDs
7b>dDEKE7Db7Z<d7
D,Dd>7'P>m<>m͕K^DED7Z͕b<7Z
P)͕dm>7EP)
ϰ
ϵϱϬϲͲDZ<
K>ZZ7'7z7DÊz7sd7Zd
EKE7Db7Z<d7
,D7<,ZDE͕zZD<7E7Z͕,Dd
<7E7Z͕,Dd><E
ϱ
ϵϰϮϮͲDZ<
z7>7EbddhZ7D7d,>d7,Zd
d7ZdsÊz7EKE7Db7Z<d7
,Dd<s<>/K)>h͕>7dK^hE͕D,DdzͲ
^>͕D,Dd>77>'7E͕,Dd<z</E
ϲ
ϵϯϴϴͲDZ<
dDK)>hd<^d7>Êz7sd7Zd
EKE7Db7Z<d7
,>7>dsbE/͕,ÊdDK)>h͕ZK)E
dDK)>h͕Dh,DDZdDK)>h
Ϯ
ϳ
ϴϴϵϵͲDZ<
dz&hEWDh<>hDE^hd7,Zds
Êz7EKE7Db7Z<d7
bm<Zmh>,͕dz&hE>7<͕zbZm>Ed
'PEm>bE͕,Ê>sEd'PEm>bE
ϴ
ϴϲϳϬͲDZ<
^hbDbZhdDE^hzh7D>d
WZ>Dsd7ZdEKE7Db7Z<d7
Z7&db7Db<͕D,DdD7Z'7dK^hE͕K^Ͳ
DEbZ͕>7<><E
ϵ
ϴϰϳϳͲDZ<
^>ÊE7>7^>m>KÊz7s
d7ZdEKE7Db7Z<d7
E'7W<Z͕D,Dd>7,m^mEz7͕zh^h&
^>h<͕^D7Z^>h<
ϭϬ
ϴϭϬϯͲDZ<
,mZd<Ê7>7d<^d7>Êz7sd7Zd
EKE7Db7Z<d7
^m>zDEhzD͕>7d/</ZK)>h͕D,Dd
d/</ZK)>h͕z,Ed/</ZK)>h
ϭϭ
ϳϵϳϳͲDZ<
^7DͲWsZs'Z>Z7WZ>D
>7<P<m͕EE>dz͕,Ê>dz͕D,Dd
>dz
ϭϮ
ϳϴϯϱͲDZ<
d/<E/bd7ZdEKE7Db7Z<d7
E'77<K)>h͕,d7z<hZ͕<7ZKͲ
<hZd͕>>z<hZ
ϭϯ
ϳϯϳϮͲDZ<
,D>'/s7,d7zD>Z7WZͲ
>Dd7ZdsÊz7EKE7Db7Z<d7
Dh^d&z</͕>7zsh,Z͕Dh^d7E͕
7,Ê<zD</͕h>>,E7^ZK)E͕
,m^z7E,7d<KZ
DTO HABER
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
Mart 2014
ϭ
ϵϭϵϭͲDZ<
'mEdhZdhZ7DWZ>DWdZK>Êz7sd7ZdEKE7D
b7Z<d7
7^Dd^dK)>h͕bZ&
'mE'PZ͕s>7dmZ>͕
s>7'mE'PZ
Ϯ
ϰϲϵϯͲDZ<
7&>^,>7EKZ'KZ'E7^zKEDh,^sDmbs7Z>7<
EKE7Db7Z<d7
>77,Ê^P<Ê͕
Dh^d&^P<Ê͕
7Z,7D^P<Ê͕>7
hb<>/
15
ϳ
ϭϱϮϴϮͲDZ<
b,WdZK>mZmE>Z7dhZ7D7Ebd
KdKDKd7sÊz7sd7Zd>7D7d
b7Z<d7
<h^7<>Z͕
<EE<Ͳ
>Z
KEZΖÊ
dZ<
ϴ
ϭϯϯϯϵͲDZ<
hz^>d<^d7>Êz7sd7Zd>7D7d
b7Z<d
D,Ddhz^>
KEZΖÊ
dZ<
ϵ
ϵϮϵϯͲDZ<
,/Z>d<^d7>dhZ7Dsdsh<h>h<
,ZhE,/Z
KEZΖÊ
dZ<
ϭϬ
ϭϵϴϬϴͲDZ<
WZ7zEdhZ7DZ^dhZEd7b>dD>Z7
&Z7>,E
KEZΖÊ
dZ<
ŝůŐŝůĞƌŝĂƔĂŒŦĚĂǇĞƌĂůĂŶůŝŵŝƚĞĚƔŝƌŬĞƚůĞƌŝŶ͕ƟĐĂƌĞƚƐŝĐŝůŝŬĂǇŦƚůĂƌŦƺǌĞƌŝŶĚĞǇĂƉŦůĂŶŝŶĐĞůĞŵĞŶĞƟĐĞƐŝŶĚĞŵƺŶͲ
ϲϭϬϮƐĂǇŦůŦdƺƌŬdŝĐĂƌĞƚ<ĂŶƵŶƵŶƵŶŐĞĕŝĐŝϳŶĐŝŵĂĚĚĞƐŝƵǇĂƌŦŶĐĂ͕ƔŝƌŬĞƚůĞƌŝŶŝŶĮƐĂŚƐĞďĞƉůĞƌŝŶŝŶŝƔďƵŝŚƚĂƌŦŶ ĨĞƐŝŚĚƵƌƵŵĚĂŽůĚƵŒƵĂŶůĂƔŦůŵŦƔƨƌ͘
ĞůŝƌƟůĞŶƐƺƌĞŝĕĞƌŝƐŝŶĚĞŵƺŶĨĞƐŝŚŽůŵĂƐĞďĞƉůĞƌŝŶŝŽƌƚĂĚĂŶŬĂůĚŦƌĂŶŝƔůĞŵůĞƌŝŶǇĞƌŝŶĞŐĞƟƌŝůĚŝŒŝŶŝŶŝƐƉĂƚůĂǇŦĐŦ ĚĂǀĂƐŦŶŦŶďƵůƵŶƵƉďƵůƵŶŵĂĚŦŒŦŶĂŝůŝƔŬŝŶǇĂǌŦůŦďĞǇĂŶŦŶDƺĚƺƌůƺŒƺŵƺǌĞǀĞƌŝůŵĞƐŝŐĞƌĞŬŵĞŬƚĞĚŝƌ͘
^ŦƌĂ
EŽ͘
ϭ
Ϯ
ϯ
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭϭϭϬϲͲDZ<
ϴϬϬϬͲDZ<
ϭϱϯϳϴͲDZ<
^ŦƌĂ
EŽ͘
mhDhdzW/D>D>Z7d7Zds
Êz7>7D7db7Z<d7
zbZ
<<K)>h͕
EsZ<db
KEZΖÊdZ<
^h>dE/bd7Zd>7D7db7Z<d7
zEhZZE
KEZΖÊdZ<
zE7K)EDd/>/<͕</Zd^7z͕
<PDmZ͕7Ebd͕dhZ7DÊz7d7Zd
sWZ>D>7D7db7Z<d7
D,DdK)E
ϭϭϰϴϬͲDZ<
ϭϱϵϯϲͲDZ<
'PEdmZ<d<^d7>7Ebd'/KZͲ
DEmZmE>Z7<d/z</d>ZzEͲ
/<>/dm<d7DD>Z7WZ>D
7^D7>ZK)E
d<7Z7Ebdd7ZdsÊz7
>7D7db7Z<d7
,Dd^Z/<z͕
7Z7^^Z/<z
KEZΖÊdZ<
Wd<^d7>dhZ7D'/sdm<d7D
D>Z7Êz7sd7Zd>7D7d
b7Z<d7
h,>Z>/<
KEZΖÊdZ<
ϭϲϳϬϵͲDZ<
PͲ<hZd<^d7>Êz7sd7Zd
>7D7db7Z<d7
&hdPE
ϵ
ϭϯϰϮϮͲDZ<
^Zd<^d7><KE&<^7zKEÊz7s
d7Zd>7D7db7Z<d7
,ÊZ^Kz
KEZΖÊdZ<
ϭϬ
ϳϭϯϳͲDZ<Z
b,7EDmbs7Z>7<sWZ>D
>7D7db7Z<d7
>7b,7E
KEZΖÊdZ<
ϭϭ
ϭϯϭϳϲͲDZ<
KzZd<^d7>Êz7sd7Zd
>7D7db7Z<d7
Dh^d&KzZ
KEZΖÊdZ<
ϭϮ
ϭϱϴϬϮͲDZ<
>W7Ed<^d7>Êz7sd7Zd
>7D7db7Z<d7
EE<hE͕
^>'m>E
KEZΖÊdZ<
ϭϯ
ϭϮϯϳϬͲDZ<
<7Dd<Ê</bd<^d7>WZ>D
DhDDZ<7Z
KEZΖÊdZ<
ϱ
ϲ
ϳ
ϴ
ϭϯϭϵϭͲDZ<
ϭϰϵϳϵͲDZ<
ϭ
Ϯ
ϭϬϬϱϯͲDZ<
ϮϬϴϱϯͲDZ<
KZK)>hd<^d7>Êz7sd7Zd>7D7d
b7Z<d7
7Z,7D
KZK)>h
P'msE7Ebdd,,mdd7Zds
Êz7>7D7db7Z<d7
z>/E>>/
KEZΖÊ
dZ<
Ϯ
ϮϯϵϲϯͲDZ<
'^K)>'DZDZDE7>7<
Dm,E7^>7<7EbdÊz7sd7Zd
>7D7db7Z<d7
'PEm>ZK)E
KEZΖÊ
dZ<
ϯ
ϮϮϬϴϬͲDZ<
>^D7ZͲ,7>7<7Ebds
D>D>Z7d<^d7>Êz7sd7Zd
>7D7db7Z<d7
mZ
dD7zmZ<
KEZΖÊ
dZ<
ϰ
ϭϮϴϴϳͲDZ<
ZD7ZDd>Êz7sd7Zd>7D7d
b7Z<d7
DhZd^Z/<z
KEZΖÊ
dZ<
ϱ
ϭϱϭϭϮͲDZ<
^,7DWZ&Z7<zW/Êz7sd7Zd
>7D7db7Z<d7
^7D^,7D͕
,Dd^,7D
KEZΖÊ
dZ<
ϲ
ϭϰϴϬϱͲDZ<
^,7Dd<^d7>Êz7sd7Zd>7D7d
b7Z<d7
,>7>7Z,7D
^,7D͕^7D
^,7D
KEZΖÊ
dZ<
ϳ
ϭϬϰϳϬͲDZ<
^,7DDd>Êz7sd7Zd>7D7d
b7Z<d7
,>7>7Z,7D
^,7D͕,Dd
^,7D
KEZΖÊ
dZ<
ϵϱϱϬͲDZ<
z/>DdmZ<KdKDK7>7>7<d7Zd>7D7d
b7Z<d7
^m>zDE
z/>DdmZ<͕>7
DhZdz/>DͲ
dmZ<͕D,Dd
<7&z/>DdmZ<
KEZΖÊ
dZ<
KEZΖÊdZ<
KEZΖÊdZ<
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭϬϯϭϳͲDZ<
KEZΖÊdZ<
^ŦƌĂ
EŽ͘
ϭ
KEZΖÊdZ<
<hEd<^d7>Êz7sd7Zd
>7D7db7Z<d7
ϰ
EE<hE͕
>7dd7E<zD<
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϴ
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
DhZd
>7'P
KEZΖÊ
dZ<
ϭ
ϮϭϵϯϭͲDZ<
d7Dd<7EbddhZ7Dd<^d7>'/
7>d7b7DD7<><7DzWZ>D
d7ZdsÊz7>7D7db7Z<d7
Dh^d&Dd7E͕
dm>)/ZDE͕
E7>'mEdmZ<Ͳ
DE
sĞƌŐŝĂŝƌĞƐŝZĞΖƐĞŶ
dĞƌŬ
Ϯ
ϭϵϮϬϯͲDZ<
͘d͘,͘d<^d7>Êz7sd7Zd>7D7d
b7Z<d7
K<dzZ^>E
dĞƌŬ
ϯ
ϯϭϯϮϭͲDZ<
,͘d<^d<^d7>7Ebdd,,md7Ebd
D>D>Z7dhZ7D'/Êz7s
d7Zd>7D7db7Z<d7
&Z,dK&>
dĞƌŬ
ϰ
ϮϰϳϰϭͲDZ<
Dd<^d7>dhZ7D'/dZ/D
^ZZ&7z7EbdÊz7sd7Zd
>7D7db7Z<d7
DhZd<KͲ
DE͕z/E
<KDE
dĞƌŬ
ϱ
ϭϵϲϬϬͲDZ<
ZEd<^d7>Êz7sd7Zd>7D7d
b7Z<d7
bZ&ZE
dĞƌŬ
KEZΖÊ
dZ<
>7'PKdKDKd7sDKdKZ>hZ>Z
Ͳz<WZͲ^Zs7^ͲE<>7zͲWdZK>Ͳ
dhZ7DͲ7EbdͲd<^d7>ͲDZDZÊz7
sd7Zd>7D7db7Z<d7
ϯ
ϭϮϬϴϱͲDZ<
ZD7>d7b7DmZmE>Z7WZ>DÊz7
sd7Zd>7D7db7Z<d7
7z</z<
KEZΖÊ
dZ<
ϲ
ϮϭϲϱϰͲDZ<
^D<Em^dZ7z><7WDE>Z7D>d
7^D7><ZͲ
<hzh
dĞƌŬ
ϰ
ϭϯϰϵϴͲDZ<
^'7E>7<7dWdZK>'/d<^d7>Êz7s
d7Zd>7D7db7Z<d7
&Z^'7E
KEZΖÊ
dZ<
ϳ
ϳϰϱͲ,KE
zDEd<^d7>^</KzÊz7s
d7Zd>7D7db7Z<d7
,DdzDE͕
>7dd7E<bE>/
dĞƌŬ
ϱ
ϭϳϳϮϭͲDZ<
'mZmdhZ7DͲ^z,dͲd<^d7>Ͳ
><dZKE7<'/Êz7sd7Zd>7D7d
b7Z<d7
<Z7D'mZm
KEZΖÊ
dZ<
ϴ
ϯϭϳϵϲͲDZ<
zsh7W>7<͕d<^d7>7Ebds<KDd7<
/bd7Zd>7D7db7Z<d7
D,Dd7DE
dĞƌŬ
ϮϭϱϴϮͲDZ<
zm>P>)7d7DsP)Zd7Dd7Zd
>7D7db7Z<d7
Dh^d&<z
KEZΖÊ
dZ<
ϵ
ϭϲϯϬϴͲDZ<
7><><dZ7<d^7^dd><KD7E7<^zKE
Dm,E7^>7<Êz7sd7Zd>7D7d
b7Z<d7
7>z^<>&d
dĞƌŬ
ϲ
16
DĂƌƚϮϬϭϰ
ϭϬ
ϮϱϲϮϰͲDZ<
Z/sEDm,E7^>7<^hmZmE>Z77Ebd
dhZ7D'/Êz7sd7Zd>7D7d
b7Z<d7
Z7&PZE
͕K)EPͲ
dmdmEm
dĞƌŬ
ϭϭ
ϮϬϯϲϲͲDZ<
z><KEZ^dhZEddhZ7D'/
ds,7dz&hE
<zmK)>h
dĞƌŬ
ϭϮ
ϭϱϱϱϴͲDZ<
7&d'm>d<^d7>Êz7sd7Zd
>7D7db7Z<d7
D>Dhd>/
dĞƌŬ
ϭϲϵϮϴͲDZ<
zE7PEd<^d7>'7z7D'/KZDE
mZmE>Z7db/D/>/<<)/d/>/<W>^d7<
dhZ7D7EbdÊz7sd7Zd>7D7d
b7Z<d7
,//Z>d
dĞƌŬ
ϭϰ
ϮϱϭϰϴͲDZ<
ZKdd^d^7^d7EbdD<7EzE'/E
sD>D>Z7Êz7sd7Zd
>7D7db7Z<d7
^Zd'P<DE
dĞƌŬ
ϭϱ
ϭϰϬϭϯͲDZ<
zDE>Zd<^d7>,b/>K<hDÊz7
sd7Zd>7D7db7Z<d7
ZEzDE
dĞƌŬ
ϭϯ
ϭϲ
ϭϳ
ϭϴ
ϮϮϴϳϬͲDZ<
ϮϬϵϭϭͲDZ<
ϭϵϲϯϴͲDZ<
,Ê^><
;<sZͿ͕&Zh<
hZDhb
dĞƌŬ
W>Dhdhd<^d7><KE&<^7zKEÊz7
sd7Zd>7D7db7Z<d7
Z,D7W>Ͳ
Dhdh
dĞƌŬ
<d<^/bs7d7Zd>7D7db7Z<d7
,>7><z
dĞƌŬ
^>&'/<KE&<^7zKEd<^d7>7Ebd
ϭϲϳϵϭͲDZ<
<zd<^d7>Êz7sd7Zd>7D7d
b7Z<d7
,>7><z
dĞƌŬ
ϮϬ
ϭϬϲϮͲ7sZ7>
zb7>7sZ7>^mdzD'/Êz7s
d7Zd>7D7db7Z<d7
bZ&^Z͕
d,^7EZK)E
dĞƌŬ
Ϯϭ
ϭϵϮϯϵͲDZ<
&KZDbZhd'/WdZK>mZmE>Z7
WZ>DÊz7sd7Zd>7D7d
b7Z<d7
shdE<>
dĞƌŬ
ϲϳϴͲ>
7^z'/dZ/Dd<^d7>Êz7s
d7Zd>7D7db7Z<d7
zh^h&7E7
dĞƌŬ
Ϯϯ
ϮϱϳϮϮͲDZ<
sͲ<DE^hdD&Zhbd<KE&<^7zKE
d<^d7>7EbddhZ7DÊz7sd7Zd
>7D7db7Z<d7
s>7<><E
dĞƌŬ
Ϯϰ
ϮϰϳϭϭͲDZ<
E7>7Dz'K)>'͕/^/͕
b7Z<d7
E^Z7Ezsh
dĞƌŬ
ϭϵ
ϮϮ
DTO HABER
ϵ
ϮϭϲϮϱͲDZ<
d<^d<^d7><KE&<^7zKEÊz7sd7Zd
>7D7db7Z<d7
7,E7<>7b>7͕
,DddZ/<
d<
dĞƌŬ
ĞĚĞĐĞŒŝǀĞďƵŶƵŶŬĞƐŝŶŽůĚƵŒƵŝŚƚĂƌĞŶŝůĂŶŽůƵŶƵƌ
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭ
ϮϲϭϯϲͲDZ<
><D><dZ7<D>D>Z77Ebdd,Ͳ
,mdÊz7sd7Zd>7D7db7Z<d7
hZZ,DE
dZ7>>7K)>h
dĞƌŬ
Ϯ
ϮϴϬϲϱͲDZ<
zDK7>zÊz7sd7Zd>7D7d
b7Z<d7
dD>zsh
dĞƌŬ
ϯ
ϯϬϳϴϲͲDZ<
d</Dz/>//7EbddhZ7Dd<^d7>
,7z>7<bzÊz7sd7Zd>7D7d
b7Z<d7
</E<hZE
dĞƌŬ
ϮϬϮϵϰͲDZ<
Η&hZ<EE͕DK7>z͕sd<^d7>
mZmE>Z7͕D&Zhbd͕zE/<>/dm<d7D
D>>Z/͕,>/͕E<>7zdd7ZdsÊz7
>7D7db7Z<d7
"
Dh^d&E
dĞƌŬ
ϰ
ŝůŐŝůĞƌŝĂƔĂŒŦĚĂǇĞƌĂůĂŶŬŽŽƉĞƌĂƟŇĞƌŝŶƟĐĂƌĞƚƐŝĐŝůŝŬĂǇŦƚůĂƌŦƺǌĞƌŝŶĚĞǇĂƉŦůĂŶŝŶĐĞůĞŵĞŶĞƟĐĞƐŝŶĚĞŵƺŶĨĞƐŝŚ
ĚƵƌƵŵĚĂŽůĚƵŒƵĂŶůĂƔŦůŵŦƔƨƌ͘
ϲϭϬϮƐĂǇŦůŦdƺƌŬdŝĐĂƌĞƚ<ĂŶƵŶƵŶƵŶŐĞĕŝĐŝϳŶĐŝŵĂĚĚĞƐŝƵǇĂƌŦŶĐĂ͕ŬŽŽƉĞƌĂƟŇĞƌŝŶŝŶĮƐĂŚƐĞďĞƉůĞƌŝŶŝŶŝƔďƵ
ŝŚƚĂƌŦŶŝůĂŶŦŶĚĂŶŝƟďĂƌĞŶŝŬŝĂǇŝĕŝŶĚĞŵƺŶĨĞƐŝŚŽůŵĂƐĞďĞƉůĞƌŝŶŝŶŽƌƚĂĚĂŶŬĂůĚŦƌŦůĂƌĂŬďƵŶĂŝůŝƔŬŝŶŝƐƉĂƚĞĚͲ
ŝĐŝďĞůŐĞůĞƌŝŶDƺĚƺƌůƺŒƺŵƺǌĞŝďƌĂǌĞĚŝůŵĞƐŝǇĂĚĂŬŽŽƉĞƌĂƟĮŶĨĂĂůŝǇĞƟŶŝŶĚĞǀĂŵŦŶĂŵƺŵŬƺŶŽůŵĂŵĂƐŦ
ŚĂůŝŶĚĞĂǇŶŦƐƺƌĞŝĕĞƌŝƐŝŶĚĞƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞƐŝ͕ĂǇƌŦĐĂŬŽŽƉĞƌĂƟĮŶĚĂǀĂĐŦǀĞǇĂĚĂǀĂůŦƐŦĨĂƨǇůĂ
ĚĞǀĂŵĞĚĞŶĚĂǀĂƐŦŶŦŶďƵůƵŶƵƉďƵůƵŶŵĂĚŦŒŦŶĂŝůŝƔŬŝŶǇĂǌŦůŦďĞǇĂŶŦŶDƺĚƺƌůƺŒƺŵƺǌĞǀĞƌŝůŵĞƐŝŐĞƌĞŬŵĞŬƚĞͲ
Ěŝƌ͘
ďĞůŐĞůĞƌůĞďŝƌůŝŬƚĞďŝůĚŝƌŝůŵĞŵĞƐŝǇĂĚĂƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞŵĞƐŝŚĂůŝŶĚĞŬŽŽƉĞƌĂƟĮŶƵŶǀĂŶŦƟĐĂƌĞƚ
ƐŝĐŝůŝŶĚĞŶƐŝůŝŶĞĐĞŬŽůƵƉ͕ŬŽŽƉĞƌĂƟĨĞĂŝƚŵĂůǀĂƌůŦŒŦŶŦŶŬĂǇĚŦŶƐŝůŝŶĚŝŒŝƚĂƌŝŚƚĞŶŝƟďĂƌĞŶŽŶǇŦůƐŽŶƌĂ,ĂǌŝŶĞǇĞ
ŝŶƟŬĂůĞĚĞĐĞŒŝǀĞďƵŶƵŶŬĞƐŝŶŽůĚƵŒƵŝŚƚĂƌĞŶŝůĂŶŽůƵŶƵƌ͘
Ϯϱ
ϭϲϳϵϱͲDZ<
dhZEdhZ7DKd>7>7<Ͳ,>//>/<Ͳ
d<^d7>WZ>DÊz7sd7Zd
>7D7db7Z<d7
Dh,^7E
zE7<hzh
dĞƌŬ
Ϯϲ
ϵϳϴͲ7sZ7>
7><,E7Ebdd,,mddhZ7D</Zd^7z
EZzE/<
dĞƌŬ
^ŦƌĂ
EŽ͘
Ϯϳ
ϭϲϯϳϮͲDZ<
Êd<^d7>sZ7<KE&<^7zKE'/
PDZdmZ<Z7
dĞƌŬ
ϭ
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϮϵϰϳͲDZ<
^/E/Z>/^KZhD>h
E7>7DhZd7b7zW/
<KKWZd7&7
zh^h&d7E͕shZ>^hz͕&,D7
)7ZDE7>Z͕E7z7PE͕,Ê
)͕zh^h&h<͕>7E<&dE
^KEbz/>'E>
<hZh>zWDzE
7Z,7DDKZE͕Dh^d&Z&7E͕
Ds>md7E<Z͕EsZbE͕DͲ
,Dd^s'7͕D,DdD7E<Z͕
Ds>mdZdDmZ͕Ed'P<
^KEbz/>'E>
<hZh>zWDzE
Ϯ
ϯϮϵϵͲDZ<
mZ>7<<Pzm^/E/Z>/^KͲ
ZhD>hmZd7DWZ>Ͳ
Ddm<d7D<KKWZd7&7
ϯ
ϰϰϴϵͲDZ<
^/E/Z>/^KZhD>hdWh>Ͳ
DDE^hW>Z/Z^s
D^<EzW/<KKWZd7&7
KZ,E</E/͕,>7><^Kz͕>7h>hz͕
PDZh)h͕&ZmE>
^KEbz/>'E>
<hZh>zWDzE
ϰ
ϮϴϳϭͲDZ<
^/E/Z>/^KZhD>h<Ͳ
DzKEh>ZDKdKZ>h
s^/dz<WZ
<Zz</ddD7Eds7
sE<>7z<KKWZd7&7
'7zdE͕7Z&E>7͕mEZ
P<E͕bm<Zm'mE͕,Dd'mE͕
hZDhb7W7<
^KEbz/>'E>
<hZh>zWDzE
ϱ
ϮϴϵϯͲDZ<
^/E/Z>/^KZhD>hϯEK>h
D<7E>/K<hD/>Z
<mm<Êd<KKWZd7&7
ZDE<b7d͕d,^7Ez/>D͕b<7Z
PD7Z͕hZ,EP<E͕D,Dd
>/<͕,m^z7EzPZm<͕
^KEbz/>'E>
<hZh>zWDzE
ϭϱϴϯͲDZ<
^/E/Z>/^KZhD>h
b<Z/h>,>Z
ϭ͘EKΖ>h<mm<Êd
<KKWZd7&7
7^D7><<͕D,DdE>P)E͕
,>7>dK<hZ͕K^DEd/)͕>7Z/
'D77͕E7,<mWm͕,Ê<b7͕
D,DdKZ,E͕,DdP7>
^KEbz/>'E>
<hZh>zWDzE
ϭϱϴϰͲDZ<
^/E/Z>/^KZhD>h
b<Z/Ϯ͘EKΖ>hK<hͲ
D/>Z<mm<Êd
<KKWZd7&7
D7Ez/>/Z/D͕^D7PE͕,m^z7E
<//>^>E͕>7d/)͕,Dd<E͕
D,Dd<>/E<Z/͕,>7><dZE/
^KEbz/>'E>
<hZh>zWDzE
ϱϳϴͲ7sZ7>
^/E/Z>/^KZhD>h
ϮEK>h/Z'/>>/^h
mZmE>Z7mZd7D
s)Z>E7ZD
<KKWZd7&7
7^D7>Zz/>D͕,m^z7E/<Ͳ
'P͕&,Z7PdmZ<͕Ed
>dhEdbK)>h͕^Z7hZK)>h͕
E7D</>/^>EK)>h͕&hd>7<K)>h
^KEbz/>'E>
<hZh>zWDzE
ϵ
ϱϵϵͲ7sZ7>
^/E/Z>/^KZhD>h
7^,<>/<Pzm^h
mZmE>Z7mZd7D
s)Z>E7ZD
<KKWZd7&7
7^D7>z/>D͕DhDDZzK)Dhb͕
PDZ^>E͕Dh^>7<͕,h>h^7<Z
^KEbz/>'E>
<hZh>zWDzE
ϭϬ
ϯϱϵͲ>
<K<Pz^/E/Z>/^KZhD>h
7Z7^h>DdKWZ<
D,^h>>Z7sZ7
/^>,/<KKWZd7&7
>7z>/E<z͕PDZsZE͕Z^7>
'm>͕,m^z7EbZE͕7^D7>dKͲ
<͕D,Dd<s^͕Dh^<KsE
^KEbz/>'E>
<hZh>zWDzE
ϲϰϯͲ>
^/E/Z>/^KZhD>hE7>7
^m>>Z<DzKEh>Z
sDKdKZ>hdb/z//>Z
<KKWZd7&7
7Z,7D>D>/͕Dh^d&ZD7Z͕
K^DEP>m<b͕^m>zDE<7Z7b͕
D,Dd<h><
^KEbz/>'E>
<hZh>zWDzE
ϳϱͲK<hZd
^/E/Z>/^KZhD>h
zE7)>Z^h>D
<KKWZd7&7
PDZ's>͕K^DEED/<DKZE͕
Z>DKZE͕PDZK)E͕K)h
7<Z͕zbZdK<Z͕EdZdb͕
,Ê>7</>/
^KEbz/>'E>
<hZh>zWDzE
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϮϯϰϴϬͲDZ<
&dD<7EDm,E7^>7<7EbdÊz7s
d7Zd>7D7db7Z<d7
Ϯ
ϭϳϳϵϭͲDZ<
7DZ7Ebd,Z7dDm,E7^>7<D7DZ>/<
D><W>^d7<K)ZDÊz7sd7Zd
>7D7db7Z<d7
>7K><
dĞƌŬ
ϯ
ϭϱϰϮϴͲDZ<
DK)>hd<^d7>Êz7sd7Zd>7D7d
b7Z<d7
mE>z<
dĞƌŬ
ϭ
&d7,
<KEz>/K)>h
dĞƌŬ
ϲ
ϳ
ϴ
ϰ
ϭϴϵϳϵͲDZ<
WDh<<>zW/Ed7Dd7Zd>7D7d
b7Z<d7
ZDE
>zKEd͕,>h<
bD^7K)>h͕
7,Ê^)Z
dĞƌŬ
ϭϵϳϳϱͲDZ<
K>zd<^d7>Êz7sd7Zd>7D7d
b7Z<d7
&Z^s7>7
dĞƌŬ
ϲ
ϮϰϬϵϭͲDZ<
^></D7Z7mZmE>Z͕<d/z</dsKZͲ
DEmZmE>Z7͕dhZ7D͕db/D/>/<͕WdZK>
mZmE>Z7͕7d,>d͕7,Zd͕d7ZdsÊz7
>7D7db7Z<d7
>dd7E<z
dĞƌŬ
ϳ
ϮϭϰϳϭͲDZ<
Ps,<dhZ7Dd<^d7>͕db/D/>/<͕7Ebd
E:>dP>
dĞƌŬ
EDZDZ͕d<^d7>͕dZ/DmZmE>Z7͕
<hZhzD7b͕><dZ7<͕><dZKE7<͕
b7Z<d7
Ds>md<D7>
<>Z͕
,hZ7z<>Z
ϱ
ϴ
ϭϱϮϰϯͲDZ<
ϭϭ
dĞƌŬ
ϭϮ
DTO HABER
Mart 2014
17
ϭϯ
ϭϳϭϱϵͲDZ<
^/E/Z>/^KZhD>h<^z
<KEhdzW/<KKWZd7&7
^ZzZ/͕>dd7E^Z/K)>h͕
7^D7>K͕>>>7<K͕&,Z7
K)ZD/
^KEbz/>'E>
<hZh>zWDzE
ϰϰ
ϵϲϲϳͲDZ<
^/E/Z>/^KZhD>h
<Pb<s>Z<KEhdzW/
<KKWZd7&7
h>>,^>DE͕ZW'P<͕bEK>
E>/ZE͕K^DEKZ>h͕,Dd
Z^>E
^KEbz/>'E>
<hZh>zWDzE
ϭϰ
ϮϱϬϯϵͲDZ<
^/E/Z>/^KZhD>h
mb>EEs>Z<KEhd
zW/<KKWZd7&7
,ZhEZdh͕,DdPKE>Z͕
Z/D7Z7͕D,Dd>7zh^D<͕
,Dd></E͕
^KEbz/>'E>
<hZh>zWDzE
ϰϱ
ϵϰϳϭͲDZ<
^/E/Z>/^KZhD>hz<Ͳ
DKZ^s<KEhdzW/
<KKWZd7&7
^dd7E'm>Z͕Dh,7dd7ED7Z7͕
͘s,7<h<h͕,Dd'mmzEZ͕
,m^z7EWE7
^KEbz/>'E>
<hZh>zWDzE
ϭϱ
ϮϯϰϮϮͲDZ<
^/E/Z>/^KZhD>h
<K<Ed<KEhdzW/
<KKWZd7&7
zmWzbZ͕'7z^dd7EPdmZ<͕>7
b7E͕D,Dd'P<,E<ZDEͲ
>/͕K)hd7>>Z/b
^KEbz/>'E>
<hZh>zWDzE
ϰϲ
ϵϬϱϱͲDZ<
^/E/Z>/^KZhD>hWDh<Ͳ
<EdZ^s<KEhdzW/
<KKWZd7&7
bhz7W</zD͕Dd7EDE7^>/͕
7^D7><<K>͕ZE<s^K)>h͕
zsh>d/ED<^
^KEbz/>'E>
<hZh>zWDzE
ϭϲ
ϮϮϴϭϬͲDZ<
^/E/Z>/^KZhD>hh>h<Ed
<KEhdzW/<KKWZd7&7
sK><Emz/>/͕<ZD<dmZ<͕
&Z7hEmE>͕zh^h&dmZ<Z͕
ZDEz>/EbdmZ<
^KEbz/>'E>
<hZh>zWDzE
ϰϳ
ϴϵϳϲͲDZ<
^/E/Z>/^KZhD>h,mZ
<Ed<KEhdzW/
<KKWZd7&7
Dh^d&<z7<͕D,DdZ<hE͕
,Dd^Z/͕,Dd^Kz>h͕>7
)s7ZE
^KEbz/>'E>
<hZh>zWDzE
ϭϳ
ϮϮϱϬϮͲDZ<
^/E/Z>/^KZhD>h
<KEhdzW/<KKWZd7&7
dEZZK>͕mDZEPD7Z͕sK><E
h>h>7͕zh^h&WZD<^/͕D,Dd
KZ,E
^KEbz/>'E>
<hZh>zWDzE
ϰϴ
ϴϴϱϮͲDZ<
^/E/Z>/^KZhD>h
^>h<Z^s<KEhd
zW/<KKWZd7&7
Ed7&/>K)>h͕<D7><Z</b͕
<7ZD7Z>͕,7DDdzE>7͕
bZ&D7Z>͕,ÊbE
^KEbz/>'E>
<hZh>zWDzE
ϭϴ
ϮϮϳϳϳͲDZ<
^/E/Z>/^KZhD>hb7Z7E<Pz
D7E7m^m>ZDKdKZ>h
db/z//>Z<KKWZd7&7
<7Z7d7<db͕Dh^d&'EZ͕
,m^Ddd7EZ^͕Dh^d&>7s/͕
7Z7^<<mZ<
^KEbz/>'E>
<hZh>zWDzE
ϰϵ
ϴϳϬϱͲDZ<
^/E/Z>/^KZhD>hPE
<KEhdzW/<KKWZd7&7
K^DEP>DK)>h͕7^D7>PEZ͕
D,Dd<E7͕'m>z<//>zZ͕Pz
dEZ/sZ7
^KEbz/>'E>
<hZh>zWDzE
ϭϵ
ϮϬϳϴϲͲDZ<
^/E/Z>/^KZhD>h/Z>/Ͳ
'E>/<^^/dZ/D^>
<></ED<KKWZd7&7
Ds>mdZ^>E͕7d<,ZDE͕
>7K)E͕,Êz/>D͕>7PE͕
zE>zd<7E
^KEbz/>'E>
<hZh>zWDzE
ϱϬ
ϴϲϰϲͲDZ<
^/E/Z>/^KZhD>hz^h
<KEhdzW/<KKWZd7&7
P<EzED͕,m^z7Eh>h>7͕
D^hddmdmEmK)>h͕EhZ'm>^<7E͕
dhEZdhE7><
^KEbz/>'E>
<hZh>zWDzE
ϮϬ
ϭϳϮϵϴͲDZ<
^/E/Z>/^KZhD>h<K>Z
<KEhdzW/<KKWZd7&7
,Ê,m^z7E<D<͕Ds>md^KzͲ
hK<͕,m^z7E<^<7EZ͕^m>zDE
<>>7,E͕D,Dd^><
^KEbz/>'E>
<hZh>zWDzE
ϱϭ
ϲϭϴϵͲDZ<
dhZ'z^7D͕Dd7E'mE͕D,Dd
ZE͕^7DZdhE͕,h>h^^7mzm<Ͳ
<>z/͕ZD7zsh͕
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>h>7d<KͲ
EhdzW/<KKWZd7&7
,ZhE,/Z͕DhDDZ)>zE͕
Dh&&ZE>/͕ZDEz/>D͕
77E<>/E͕
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>hE7>7
DÊz7sd7Zd
EKE7Db7Z<d7KZd<Ͳ
>Z/sDE^hW>Z/
dm<d7D<KKWZd7&7
ϱϮ
ϱϱϵϯͲDZ<
^/E/Z>/^KZhD>h7<d7^d
E<^/DE^hW>Z/^KͲ
^z>^7'KZd>/>Z<KEhd
zW/<KKWZd7&7
,ÊD7Zzz͕E7>'mE^</E͕
^m>zDEhz'hZ͕zbEhZKZh͕>7&
KZ>͕EEs7<͕
^KEbz/>'E>
<hZh>zWDzE
ϱϯ
ϱϯϴϰͲDZ<
^/E/Z>/^KZhD>hK)E
^K^z>^7'KZd>Z<KͲ
EhdzW/<KKWZd7&7
D,Dhdb͕ZEKZ>͕<D>
z/>/Z/D͕Dh^d&<͕sddK<Z͕
EsZ</Z͕E7z7shZ>͕^7d
zKZD
^KEbz/>'E>
<hZh>zWDzE
ϯϵϴϲͲDZ<
^/E/Z>/^KZhD>hP>D
zW/<KKWZd7&7
D,Dd>7d7Ez͕E7Z'm7E͕
E7&D7Z<E͕D,Dhd'P<E͕
<D>D7Z<E͕</Dd7Ez͕DͲ
,Dd'm>dE͕^>,dd7E^hhK)>h
^KEbz/>'E>
<hZh>zWDzE
ϭϬϴͲ,KE
^/E/Z>/^KZhD>hzhͲ
<Z/)ZdZ/D^>
<></ED<KKWZd7&7
>7^>E͕D,DdzE7͕7Z,7D
bdmZ<͕dhZEPD7Z͕mE>z/>/Ͳ
Z/D͕d,^7Ez/>/Z/D͕K^DEz/>/Z/D͕
</D<hb
^KEbz/>'E>
<hZh>zWDzE
ϱϲ
ϱϵϬͲ7sZ7>
^/E/Z>/^KZhD>h
E/Z<Pzms7sZ/
^hmZmE>Z7mZd7D
s)Z>E7ZD
<KKWZd7&7
<7ZshZ>͕ZDEhZ͕zh^h&
^sb/Z͕D,Dd<>͕d,^7Ed7E͘
^KEbz/>'E>
<hZh>zWDzE
Ϯϭ
ϭϲϵϵϰͲDZ<
zZDKd<>/͕zZD^Z/,E͕
,Ê7E͕b,7E7E͕zh^h&
sZE7Z<
ϭϲϳϳϯͲDZ<
^/E/Z>/^KZhD>h&h><KͲ
EhdzW/<KKWZd7&7
Ϯϯ
ϭϲϳϮϲͲDZ<
^/E/Z>/^KZhD>h
K)Eb,7Z<KEhdzW/
<KKWZd7&7
,>7><hZh͕>7W>d͕7Z,7D>Ͳ
,E͕Z^D7zzdh>^>7͕E77
^KEbz/>'E>
<hZh>zWDzE
Ϯϰ
ϭϲϱϲϵͲDZ<
^/E/Z>/^KZhD>hE7,>
<KEhdzW/<KKWZd7&7
Dh,7dd7E<Z>/<͕D,Dd,E7&7
E7z͕>md&7<Z>/<͕^Z7hZ<h͕
7^D7><Z>/<
^KEbz/>'E>
<hZh>zWDzE
Ϯϱ
ϭϲϰϮϬͲDZ<
^/E/Z>/^KZhD>h
zE7<Pb<<KEhdzW/
<KKWZd7&7
bZD7E,7>>7͕>7PE͕z^hEz^h
7b>͕<z7<ZWh͕Dh^<hE</
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>h^>/<Ed
<KEhdzW/<KKWZd7&7
ZDE<Z<hZd͕ZDEzZ͕
>>PE͕EEdz<͕mz7Z
K)h>W
^KEbz/>'E>
<hZh>zWDzE
ZK)EdEZ/<h>h͕zb^sb͕
7Z&E<Z͕^>7,Pd<E͕ZDE
^K><K>
^KEbz/>'E>
<hZh>zWDzE
ϮϮ
Ϯϲ
ϭϲϯϵϲͲDZ<
^KEbz/>'E>
<hZh>zWDzE
ϱϰ
ϱϱ
Ϯϳ
ϭϲϮϬϮͲDZ<
^/E/Z>/^KZhD>hPE^P
<KEhdzW/<KKWZd7&7
Ϯϴ
ϭϱϱϮϬͲDZ<
^/E/Z>/^KZhD>hzbZ
<KEhdzW/<KKWZd7&7
h)hZ><E͕EsdKb<hE͕,Ê
<ZE͕DhZd^K><͕zbZ<Z)
^KEbz/>'E>
<hZh>zWDzE
ϱϳ
ϮϬϲͲZ<
^/E/Z>/^KZhD>hZ<
<KEhdzW/<KKWZd7&7
ED7<Kz<͕7Z,7DbEK<͕
,7zdd<>7͕'m><dKW͕ZK)E
d)z
^KEbz/>'E>
<hZh>zWDzE
Ϯϵ
ϭϱϯϯϯͲDZ<
^/E/Z>/^KZhD>h
Ds7'P<zmm<KEhd
zW/<KKWZd7&7
ZDEdKZK^͕D,Dd>7KE͕
>7PD7Z͕7Z7^^Z/d<͕Z'm>
<zK>
^KEbz/>'E>
<hZh>zWDzE
ϱϴ
ϭϯϱͲ<7>>7
^/E/Z>/^KZhD>hK)b>/
<PzmdZ/D^><></ED
<KKWZd7&7
Ed7'mDmb͕^m>zDE>dhE͕
^Z>'mDmb
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>h
)s>Z<KEhdzW/
<KKWZd7&7
E7,d,mE<Z͕D^hddmZ<͕,Z
<ZW/EZ͕zsh<WE<͕z,E
E'7͕,>7>hhE͕D,DdE'7
^KEbz/>'E>
<hZh>zWDzE
ϱϵ
ϲϳϮͲ>
^/E/Z>/^KZhD>h^>E
>^7dZ/D^><></EͲ
D<KKWZd7&7
s>7b7Db<͕,>7>7s><͕bm<ZmEͲ
<KZhZ͕^mZz>7<͕bs<d<>͕
,m7<P>'^7
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>hKZhE
<KEhdzW/<KKWZd7&7
>dd7E^Z)/E͕,Ê&7͕&dD
<^hE'hZ͕ZDEZ^>E͕,Dd
PD7Z
^KEbz/>'E>
<hZh>zWDzE
ϲϬ
ϭϰϭϵϴͲDZ<
^/E/Z>/^KZhD>hb,7<
<KEhdzW/<KKWZd7&7
ZDEW<db͕,<EP7>͕PDZ
&Zh<b</E͕'mZ^>ZD7Z͕DEͲ
h,PzPZm<
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>h
,d7WK)>h<KEhdzW/
<KKWZd7&7
K^DE,E͕,7DDdzE>7͕
E7DdP>D͕mDDmzE͕Dh^d&
Z/<
^KEbz/>'E>
<hZh>zWDzE
ϲϭ
ϭϴϬϮϬͲDZ<
&,Z7)7ZDE7͕7^D7>
)7ZDE7͕z,Ez)DhZK)>h͕
^h>>,z/>D͕Dh^d&PE
>7<7͕7ZK><</͕,>7>zͲ
ZE'mEm͕,m^z7E^ZhE͕7^D7>
bEZ͕Dh^d&PZ
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>h
^<>/<Ed<KEhdzW/
<KKWZd7&7
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>hE7>7
7D>d/DK7>z/>Z
sK)ZD/>Z<mm<
Êd<KKWZd7&7
ϲϮ
ϭϭϱϮϳͲDZ<
^/E/Z>/^KZhD>hD77
dd7><PzmdhZ7D
'>7bd7ZD<KKWZd7&7
mEZ^Z/b͕PDZ&Zh<b</E͕
'7K^DEb<Z͕D7Dd7E͕
DhZddmDE
^KEbz/>'E>
<hZh>zWDzE
ϲϯ
ϭϬϯϬϵͲDZ<
^/E/Z>/^KZhD>h)
s>7<7b>Z7Êz7
^7d^7dKW>h7bzZ7zW/
<KKWZd7&7
D͘mZK><z͕D7E>W<ZDE͕
D͘>7<^<7EZ͕WEZ͕s>
zhZd^sE
^KEbz/>'E>
<hZh>zWDzE
ϲϰ
ϵϰϴϳͲDZ<
^/E/Z>/^KZhD>hbE>
<KEhdzW/<KKWZd7&7
,͘,7d<KZ͕>7</sZ<͕/b/<bE>͕
&s7bE>͕,m^z7Ez/d
^KEbz/>'E>
<hZh>zWDzE
ϲϱ
ϴϲϬϴͲDZ<
^/E/Z>/^KZhD>h)Z/
<KEhdzW/<KKWZd7&7
<7ZdDZ͕DhZdb<7Z͕7Z,7D
</E/͕Z&7<'m>m͕ZDE
E
^KEbz/>'E>
<hZh>zWDzE
ϯϬ
ϯϭ
ϯϮ
ϯϯ
ϯϰ
ϯϱ
ϯϲ
ϯϳ
ϭϱϮϵϴͲDZ<
ϭϱϬϳϬͲDZ<
ϭϱϬϬϴͲDZ<
ϭϰϵϯϯͲDZ<
ϭϰϵϯϬͲDZ<
ϭϯϲϮϮͲDZ<
ϭϯϮϭϴͲDZ<
ϭϯϮϬϬͲDZ<
ϭϬϳϳ^z/>/hhEW/EZ
DZ<ssZ<Pz>Z7
^/E/Z>/^KZhD>hdmdmE
dZ/D^d/b<KKWZd7&7
Dh^d&7E>͕D,Dd͕ZE
dD>͕>7ZdKW͕Dh^d&/zDE͕
Ed7D7Zz͕D,DdZD
^/E/Z>/^KZhD>h
Ds7W/EZ<KEhdzW/
<KKWZd7&7
zshdKD͕^h>dE^mm>>m͕DhDͲ
DZh<hZ>hK)>h͕D,Dd^Kz'Ed͕
b7zD7Z7
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>hdb,7Z
<KEhdzW/<KKWZd7&7
>7^z,E͕D,DddhE͕KZ,E
<z'/E͕D,Dd<Z</>/͕
,m^Ddd7E^Z'7
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>hD<Pz
s7>>>Z/<KEhdzW/
<KKWZd7&7
^m>zDEdh)Zh>͕D,Dd
>WZ^>E͕,>7>PE>͕>7PE͕
D,Ddz/>DbE^Kz
^KEbz/>'E>
<hZh>zWDzE
^KEbz/>'E>
<hZh>zWDzE
ϯϴ
ϭϯϭϳϯͲDZ<
^/E/Z>/^KZhD>h7)D
<KEhdzW/<KKWZd7&7
hZZ,DEdhE7><͕,Z7K<hͲ
dhh͕Dh^d&K)͕&,Zdd7E
PD7Z͕,Ê>7db/K)>h
^KEbz/>'E>
<hZh>zWDzE
ϯϵ
ϭϮϳϬϬͲDZ<
^/E/Z>/^KZhD>hmzm<
K<zEh^<KEhdzW/
<KKWZd7&7
,dZ^>E͕E:>/ZK)>h͕
7Z,7D^ZK>͕,DP<E͕^7Z
<KD
^KEbz/>'E>
<hZh>zWDzE
ϰϬ
ϭϮϬϮϭͲDZ<
^/E/Z>/^KZhD>hE7>7
DDE^hW>Z/<KEhd
zW/<KKWZd7&7
D͘^/ZZ/sZZ͕D,Dd^Z/<z͕
z,EzZ<dZ͕z>/E<b,7E͕
^>EdK<h>͕dDZ,>E7>E͕
D,DdbZE
^KEbz/>'E>
<hZh>zWDzE
ϰϭ
ϭϭϯϰϴͲDZ<
^/E/Z>/^KZhD>hPZE
DEK>z<KEhdzW/
<KKWZd7&7
>7Z/ZW/<͕K^DEdbD7Z͕
,<</7bDZ͕Dd7E<Z<hZd͕^&&d
ZE
^KEbz/>'E>
<hZh>zWDzE
^/E/Z>/^KZhD>hsͲ<hZ
<KEhdzW/<KKWZd7&7
D,Dd^>7,>7<^Kz͕7Z&EhZE͕
zd<7EP<dD͕D,DdPZ^>͕DͲ
,Dd>7'P>m<>m
ϰϮ
ϰϯ
ϭϭϯϭϭͲDZ<
ϭϬϬϳϲͲDZ<
^/E/Z>/^KZhD>h
ZE^,7><KEhd
zW/<KKWZd7&7
Dh^d&dhZ'hd^Kz>hZ͕ED7<KͲ
Z>z͕zm<^><K>͕D,DdKEz͕
h&h<Wh>d
^KEbz/>'E>
<hZh>zWDzE
^KEbz/>'E>
<hZh>zWDzE
ŝůŐŝůĞƌŝĂƔĂŒŦĚĂǇĞƌĂůĂŶŬŽŽƉĞƌĂƟŇĞƌŝŶƟĐĂƌĞƚƐŝĐŝůŝŬĂǇŦƚůĂƌŦƺǌĞƌŝŶĚĞǇĂƉŦůĂŶŝŶĐĞůĞŵĞŶĞƟĐĞƐŝŶĚĞŵƺŶĨĞƐŝŚ
ĚƵƌƵŵĚĂŽůĚƵŒƵĂŶůĂƔŦůŵŦƔƨƌ͘
ϲϭϬϮƐĂǇŦůŦdƺƌŬdŝĐĂƌĞƚ<ĂŶƵŶƵŶƵŶŐĞĕŝĐŝϳŶĐŝŵĂĚĚĞƐŝƵǇĂƌŦŶĐĂ͕ŬŽŽƉĞƌĂƟŇĞƌŝŶŝŶĮƐĂŚƐĞďĞƉůĞƌŝŶŝŶŝƔďƵ
ŝŚƚĂƌŦŶŝůĂŶŦŶĚĂŶŝƟďĂƌĞŶŝŬŝĂǇŝĕŝŶĚĞŵƺŶĨĞƐŝŚŽůŵĂƐĞďĞƉůĞƌŝŶŝŶŽƌƚĂĚĂŶŬĂůĚŦƌŦůĂƌĂŬďƵŶĂŝůŝƔŬŝŶŝƐƉĂƚĞĚͲ
ŝĐŝďĞůŐĞůĞƌŝŶDƺĚƺƌůƺŒƺŵƺǌĞŝďƌĂǌĞĚŝůŵĞƐŝǇĂĚĂŬŽŽƉĞƌĂƟĮŶĨĂĂůŝǇĞƟŶŝŶĚĞǀĂŵŦŶĂŵƺŵŬƺŶŽůŵĂŵĂƐŦ
ŚĂůŝŶĚĞĂǇŶŦƐƺƌĞŝĕĞƌŝƐŝŶĚĞƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞƐŝ͕ĂǇƌŦĐĂŬŽŽƉĞƌĂƟĮŶĚĂǀĂĐŦǀĞǇĂĚĂǀĂůŦƐŦĨĂƨǇůĂ
ĚĞǀĂŵĞĚĞŶĚĂǀĂƐŦŶŦŶďƵůƵŶƵƉďƵůƵŶŵĂĚŦŒŦŶĂŝůŝƔŬŝŶǇĂǌŦůŦďĞǇĂŶŦŶDƺĚƺƌůƺŒƺŵƺǌĞǀĞƌŝůŵĞƐŝŐĞƌĞŬŵĞŬƚĞͲ
Ěŝƌ͘
ďĞůŐĞůĞƌůĞďŝƌůŝŬƚĞďŝůĚŝƌŝůŵĞŵĞƐŝǇĂĚĂƚĂƐĮǇĞŵĞŵƵƌƵŶƵŶďŝůĚŝƌŝůŵĞŵĞƐŝŚĂůŝŶĚĞŬŽŽƉĞƌĂƟĮŶƵŶǀĂŶŦƟĐĂƌĞƚ
ƐŝĐŝůŝŶĚĞŶƐŝůŝŶĞĐĞŬŽůƵƉ͕ŬŽŽƉĞƌĂƟĨĞĂŝƚŵĂůǀĂƌůŦŒŦŶŦŶŬĂǇĚŦŶƐŝůŝŶĚŝŒŝƚĂƌŝŚƚĞŶŝƟďĂƌĞŶŽŶǇŦůƐŽŶƌĂ,ĂǌŝŶĞǇĞ
ŝŶƟŬĂůĞĚĞĐĞŒŝǀĞďƵŶƵŶŬĞƐŝŶŽůĚƵŒƵŝŚƚĂƌĞŶŝůĂŶŽůƵŶƵƌ͘
^ŦƌĂ
EŽ͘
dŝĐĂƌĞƚ
^ŝĐŝůŝEŽ͘
ϭ
ϮϲϬϱϳͲDZ<
^/E/Z>/^KZhD>hmZ>7<
<PzmdZ/D^><></ED
<KKWZd7&7
zmWzE7b/͕EhZ7DhZE͕Ͳ
hZZ,DEP<E͕D,DdPͲ
<hZd͕Z>>><͕D7dK<^P
^KEbz/>'E>
<hZh>zWDzE
18
DĂƌƚϮϬϭϰ
7DULK
)XDU×Q$G×
DTO HABER
.RQXVX
%DĂO×FD+L]PHW*UXSODU×
Tür
Yer
āHKLU
ϭϱ͘Ϭϰ͘ϮϬϭϰ
DK&ϮϬϭϰDŽďŝůǇĂǀĞĞŬŽƌĂƐǇŽŶ&ƵĂƌŦ
DŽďŝůǇĂǀĞĞŬŽƌĂƐǇŽŶ
DŽĚĞƌŶ͕<ůĂƐŝŬǀĞDŽĚƺůĞƌDŽďŝůǇĂ͕zĞŵĞŬǀĞzĂƚĂŬKĚĂƐŦ'ƌƵƉůĂƌŦ͕ƵǀĂƌmŶŝƚĞƐŝ͕
7ŚƟƐĂƐ&ƵĂƌŦ
^ĂŶĚĂůǇĞ͕ĞďĞŬǀĞ'ĞŶĕKĚĂƐŦ͕DŽďŝůǇĂŬƐĞƐƵĂƌůĂƌŦ
7ŶĞŐƂůĞůĞĚŝǇĞƐŝ&ƵĂƌDĞƌŬĞǌŝ
ƵƌƐĂ
ϭϲ͘Ϭϰ͘ϮϬϭϰ
zĞƌĞůŝŶĐŝƌůĞƌƵůƵƔƵǇŽƌϮϬϭϰ<ŽŶĨĞƌĂŶƐŦǀĞ&ƵĂƌŦ
DĂƌŬĞƚŽŶĂŶŦŵůĂƌŦǀĞŝŶĐŝƌDĂƌŬĞƚůĞƌĚĞ^ĂƨůĂŶmƌƺŶůĞƌ
WĞƌĂŬĞŶĚĞĐŝůŝŬ^ĞŬƚƂƌƺmƌƺŶůĞƌŝ͕'ŦĚĂ͕dĞŵŝǌůŝŬ͕<ŽǌŵĞƟŬ͕<ŦƌƚĂƐŝǇĞ͕ůĞŬƚƌŽŶŝŬ͕
dĞŬƐƟůmƌƺŶůĞƌŝ͕DĂŒĂǌĂdĂƐĂƌŦŵůĂƌŦ͕ŬŝƉŵĂŶǀĞdĞŬŶŽůŽũŝůĞƌŝ
,Ăůŝĕ<ŽŶŐƌĞDĞƌŬĞǌŝ
7ƐƚĂŶďƵů
ϭϳ͘Ϭϰ͘ϮϬϭϰ
dKEE<ZϮϬϭϰ
ϲ͘,ĂǌŦƌĞƚŽŶ͕ŝŵĞŶƚŽ͕ŐƌĞŐĂ͕7ŶƔĂĂƚdĞŬŶŽůŽũŝůĞƌŝǀĞ
ŬŝƉŵĂŶůĂƌŦ&ƵĂƌŦ
,ĂǌŦƌĞƚŽŶŬŝƉŵĂŶǀĞdĞƐŝƐůĞƌŝ͕ŝŵĞŶƚŽ͕ŐƌĞŐĂ͕ĞŬŝĐŝůĞƌ͕<ĂǌŦĐŦůĂƌ͕dƌĂŶƐŵŝŬƐĞƌͲ
ůĞƌ͕WŽŵƉĂůĂƌ͕7ƐŬĞůĞ͕<ĂůŦƉ͕ŽůŐƵDĂůǌĞŵĞůĞƌŝ͕<ŝŵǇĂƐĂůůĂƌ͕dĞƐƚŬŝƉŵĂŶůĂƌŦ
dK<ŽŶŐƌĞǀĞ^ĞƌŐŝ^ĂƌĂǇŦ
ŶŬĂƌĂ
DĞƌƐŝŶ&ŽŽĚĚĂǇƐͲDĞƌƐŝŶϴ͘hůƵƐůĂƌĂƌĂƐŦ'ŦĚĂ͕'ŦĚĂ
dĞŬŶŽůŽũŝůĞƌŝǀĞWĂŬĞƚůĞŵĞ&ƵĂƌŦ
'ŦĚĂ͕7ĕĞĐĞŬ͕mƌĞƟŵdĞŬŶŽůŽũŝůĞƌŝ͕ŵďĂůĂũůĂŵĂ͕ƟŬĞƚ
'ŦĚĂ7ĕĞĐĞŬmƌĞƟŵdĞŬŶŽůŽũŝůĞƌŝ͕hŶůƵDĂŵƵůůĞƌ͕ŵďĂůĂũůĂŵĂ͕ƟŬĞƚ
hůƵƐůĂƌĂƌĂƐŦ
zĞŶŝƔĞŚŝƌ&ƵĂƌDĞƌŬĞǌŝ
DĞƌƐŝŶ
ϵ͘hůƵƐůĂƌĂƌĂƐŦ7ĚĞĂů,ŽŵĞǀƔǇĂůĂƌŦ͕ƺĐĐĂĐŝǇĞ
ĞŬŽƌĂƟĨmƌƺŶůĞƌǀĞĞǇŝǌ&ƵĂƌŦ
ƺĐĐĂĐŝǇĞ͕,ĞĚŝǇĞůŝŬƔǇĂ͕ĞŬŽƌĂƟĨǀdĞŬƐƟůŝǀĞůĞŬƚƌŝŬůŝǀ ĂŵmƌƺŶůĞƌ͕ĞůŝŬDƵƞĂŬƔǇĂůĂƌŦ͕WůĂƐƟŬmƌƺŶůĞƌ͕WŽƌƐĞůĞŶ͕<ƺĕƺŬůĞŬƚƌŝŬůŝǀ
ůĞƚůĞƌŝ
ůĞƚůĞƌŝ͕ǀdĞŬƐƟůŝsĞĞǇŝǌ͘
dƺǇĂƉ&ƵĂƌǀĞ<ŽŶŐƌĞDĞƌŬĞǌŝ
7ƐƚĂŶďƵů
^ůĞĞƉtĞůůǆƉŽ
zĂƚĂŬǀĞdĞŬŶŽůŽũŝmƌƺŶůĞƌŝ
zĂƚĂŬŶĂ^ĂŶĂǇŝ͕zĂŶ^ĂŶĂǇŝ͕DĂŬŝŶĞǀĞŬŝƉŵĂŶůĂƌŦ
7ƐƚĂŶďƵů&ƵĂƌDĞƌŬĞǌŝzĞƔŝůŬƂǇ
7ƐƚĂŶďƵů
KƌƚĂĚŽŒƵϲ͘7ŶƔĂĂƚ&ƵĂƌŦϮϬϭϰ
zĂƉŦDĂůǌĞŵĞůĞƌŝ͕zĂƉŦdĞŬŶŽůŽũŝůĞƌŝ͕ůĞŬƚƌŝŬ^ŝƐƚĞŵůĞƌŝ͕KƚŽͲ
ŵĂƐǇŽŶ͕ƐĂŶƐƂƌ͕7ƔǀĞ7ŶƔĂĂƚDĂŬŝŶĞůĞƌŝ͕ŽŒĂů'Ăǌ͕/ƐŦƚŵĂ͕
^ŽŒƵƚŵĂ͕,ĂǀĂůĂŶĚŦƌŵĂ͕
zĂƉŦDĂůǌĞŵĞůĞƌŝ͕zĂƉŦdĞŬŶŽůŽũŝůĞƌŝ͕ůĞŬƚƌŝŬ^ŝƐƚĞŵůĞƌŝ͕KƚŽŵĂƐǇŽŶ͕ƐĂŶƐƂƌ͕7ƔǀĞ
7ŶƔĂĂƚDĂŬŝŶĞůĞƌŝ͕ŽŒĂů'Ăǌ͕/ƐŦƚŵĂ͕^ŽŒƵƚŵĂ͕,ĂǀĂůĂŶĚŦƌŵĂ͕
dƺǇĂƉŝǇĂƌďĂŬŦƌ&ƵĂƌǀĞ<ŽŶŐƌĞ
ŝǇĂƌďĂŬŦƌ
DĞƌŬĞǌŝ
KƌƚĂĚŽŒƵϱ͘ĞůĞĚŝǇĞ7ŚƟǇĂĕůĂƌŦ&ƵĂƌŦϮϬϭϰ
dĞŵŝǌůŝŬǀĞ7ƔDĂŬŝŶĞůĞƌŝ͕ƨŬzƂŶĞƟŵŝ͕ĞůĞĚŝǇĞ͕7ƞĂŝǇĞ'ĞƌͲ
ĞĕůĞƌŝ͕hůĂƔŦŵ͕ǇĚŦŶůĂƚŵĂ͕WĂƌŬĂŚĕĞƺǌĞŶůĞŵĞůĞƌŝ͕<ĞŶƚ
DŽďŝůǇĂůĂƌŦ͕^ƉŽƌdĞƐŝƐůĞƌŝ
dĞŵŝǌůŝŬǀĞ7ƔDĂŬŝŶĞůĞƌŝ͕ƨŬzƂŶĞƟŵŝ͕ĞůĞĚŝǇĞ͕7ƞĂŝǇĞ'ĞƌĞĕůĞƌŝ͕hůĂƔŦŵ͕
ǇĚŦŶůĂƚŵĂ͕WĂƌŬĂŚĕĞƺǌĞŶůĞŵĞůĞƌŝ͕<ĞŶƚDŽďŝůǇĂůĂƌŦ͕^ƉŽƌdĞƐŝƐůĞƌŝ
ŝǇĂƌďĂŬŦƌ
DĞƌŬĞǌŝ
ĨǇŽŶŬĂƌĂŚŝƐĂƌdĂƌŦŵ,ĂǇǀĂŶĐŦůŦŬǀĞdĂƌŦŵdĞŬŶŽůŽͲ
ũŝůĞƌŝ;&dZͿ
dĂƌŦŵ͕,ĂǇǀĂŶĐŦůŦŬ͕dĂƌŦŵDĂŬŝŶĞůĞƌŝ͕^ƺƚŶĚƺƐƚƌŝƐŝ͕ŵďĂůĂũ
ǀĞdŽŚƵŵ
dĂƌŦŵ͕,ĂǇǀĂŶĐŦůŦŬ͕dĂƌŦŵDĂŬŝŶĞůĞƌŝ͕^ƺƚŶĚƺƐƚƌŝƐŝ͕ŵďĂůĂũ͕dŽŚƵŵ͕WĞǇǌĂũ͕
^ĞƌĂĐŦůŦŬ͕zƵŵƵƌƚĂ͕^ƵůĂŵĂ^ŝƐƚĞŵůĞƌŝ͕>ĂďĂƌĂƚƵĂƌǀĞŶĂůŝǌdĞŬŶŽůŽũŝůĞƌŝ͕sĞƚĞƌŝŶͲ
ĞƌůŝŬ
<ƺůƚƺƌƉĂƌŬĞůĞĚŝǇĞ&ƵĂƌůĂŶŦ
ĨǇŽŶŬĂƌĂͲ
ŚŝƐĂƌ
<md&Ζϭϰ<ƺƚĂŚǇĂϲ͘dĂƌŦŵ͕,ĂǇǀĂŶĐŦůŦŬ͕^ĞƌĂĐŦůŦŬǀĞ
^ƺƚŶĚƺƐƚƌŝƐŝ&ƵĂƌŦ
dĂƌŦŵ͕,ĂǇǀĂŶĐŦůŦŬ͕^ĞƌĂĐŦůŦŬǀĞ^ƺƚŶĚƺƐƚƌŝƐŝ
ŝƌĂĂĂƚǀĞdĂƌŦŵDĂŬŝŶĞůĞƌŝ͕dŽŚƵŵ͕&ŝĚĞ͕&ŝĚĂŶmƌĞƟĐŝůĞƌŝ͕^ĞƌĂĐŦůŦŬŬŝƉŵĂŶůĂƌŦ͕
ŝƌĂŝ7ůĂĕůĂŵĂ͕'ƺďƌĞ͕,ĂǇǀĂŶĐŦůŦŬǀĞŬŝƉŵĂŶůĂƌŦ͕sĞƚĞƌŝŶĞƌ͕zĞŵ
<ƺƚĂŚǇĂĞůĞĚŝǇĞƐŝ&ƵĂƌůĂŶŦ
<ƺƚĂŚǇĂ
ϭϵ͘Ϭϰ͘ϮϬϭϰ
ϴ͘zĂǌůŦŬǀůĞƌ&ƵĂƌŦ
zĂǌůŦŬǀůĞƌ
zĂǌůŦŬǀůĞƌ
,ŝůƚŽŶ<ŽŶŐƌĞǀĞ^ĞƌŐŝDĞƌŬĞǌŝ 7ƐƚĂŶďƵů
ϭϵ͘Ϭϰ͘ϮϬϭϰ
ϭϵ͘7ǌŵŝƌ<ŝƚĂƉ&ƵĂƌŦ
<ŝƚĂƉǀĞ^ƺƌĞůŝzĂǇŦŶůĂƌ
<ŝƚĂƉǀĞ^ƺƌĞůŝzĂǇŦŶůĂƌ
hůƵƐůĂƌĂƌĂƐŦ7ǌŵŝƌ&ƵĂƌůĂŶŦ
7ǌŵŝƌ
ϮϮ͘Ϭϰ͘ϮϬϭϰ
ĚƵĨĂŝƌƐzƵƌƚĚŦƔŦŒŝƟŵ&ƵĂƌůĂƌŦ
zƵƌƚĚŦƔŦŶĚĂ>ŝƐĂŶƐ͕zƺŬƐĞŬ>ŝƐĂŶƐ͕ŽŬƚŽƌĂ͕^ĞƌƟĮŬĂ͕zĂǌKŬƵůƵ zƵƌƚĚŦƔŦŶĚĂ>ŝƐĂŶƐ͕zƺŬƐĞŬ>ŝƐĂŶƐ͕ŽŬƚŽƌĂ͕^ĞƌƟĮŬĂ͕zĂǌKŬƵůƵǀĞzĂďĂŶĐŦŝů
ǀĞzĂďĂŶĐŦŝůŒŝƟŵůĞƌŝ
ŒŝƟŵůĞƌŝ
ŶŬĂƌĂ,ŝůƚŽŶKƚĞůŝ
ŶŬĂƌĂ
ϮϮ͘Ϭϰ͘ϮϬϭϰ
Ϯϭ͘DĞƐŝƌ^ĂŶĂǇŝǀĞdŝĐĂƌĞƚ&ƵĂƌŦ
'ĞŶĞů^ĂŶĂǇŝǀĞdŝĐĂƌĞƚmƌƺŶůĞƌŝ
DĂŶŝƐĂĞůĞĚŝǇĞƐŝ&ƵĂƌDĞƌŬĞǌŝ
DĂŶŝƐĂ
Ϯϯ͘Ϭϰ͘ϮϬϭϰ
ǇŵŽĚϭϮ͘hůƵƐůĂƌĂƌĂƐŦǇĂŬŬĂďŦDŽĚĂ&ƵĂƌŦ
ǇĂŬŬĂďŦůĂƌ͕ĂŶƚĂůĂƌ͕<ĞŵĞƌůĞƌ͕ƺǌĚĂŶůĂƌ͕<ƵƌƵŵ͕DƺŵĞƐƐŝůͲ
ǇĂŬŬĂďŦůĂƌ͕ĂŶƚĂůĂƌ͕<ĞŵĞƌůĞƌ͕ƺǌĚĂŶůĂƌ͕<ƵƌƵŵ͕DƺŵĞƐƐŝůůŝŬůĞƌsĞĞƌŐŝůĞƌ
ůŝŬůĞƌǀĞĞƌŐŝůĞƌ
7ƐƚĂŶďƵů
<͘DKϮϬϭϰ<ĂǇƐĞƌŝϰ͘DŽďŝůǇĂ&ƵĂƌŦ
DŽďŝůǇĂ͕ĞŬŽƌĂƐǇŽŶǀĞŬƐĞƐƵĂƌůĂƌ
DŽďŝůǇĂ͕ĞŬŽƌĂƐǇŽŶ͕ŬƐĞƐƵĂƌ͕DƵƞĂŬǀĞĂŶǇŽDŽďŝůǇĂůĂƌŦ͕ǇĚŦŶůĂƚŵĂ͕,ĂůŦ͕
<ĂǇƐĞƌŝƺŶǇĂdŝĐĂƌĞƚDĞƌŬĞǌŝ
<ĂǇƐĞƌŝ
DŽƚŽƐŚŽǁhůƵƐůĂƌĂƌĂƐŦDŽƚŽƐŝŬůĞƚ͕ŝƐŝŬůĞƚ͕ŬƐĞƐƵĂƌ
ǀĞŬŝƉŵĂŶůĂƌŦ&ƵĂƌŦ
DŽƚŽƐŝŬůĞƚ͕ŝƐŝŬůĞƚ͕ŬƐĞƐƵĂƌǀĞŬŝƉŵĂŶůĂƌŦ
DŽƚŽƐŝŬůĞƚ͕ŝƐŝŬůĞƚ͕ŬƐĞƐƵĂƌǀĞŬŝƉŵĂŶůĂƌŦ
7ƐƚĂŶďƵů
Ϯϰ͘Ϭϰ͘ϮϬϭϰ
ŒŝƟŵůĞƌŝ
ŐĞWĂůĂƐ
7ǌŵŝƌ
//ͲϮϬ͘hůƵƐůĂƌĂƌĂƐŦŶĞƌũŝǀĞĞǀƌĞ&ƵĂƌŦǀĞ
<ŽŶĨĞƌĂŶƐŦ
ŶĞƌũŝǀĞĞǀƌĞ
ŶĞƌũŝmƌĞƟŵǀĞĞǀƌĞdĞŬŶŽůŽũŝůĞƌŝ;&ŽƐŝůzĂŬŦƚůŦ^ŝƐƚĞŵůĞƌ͕zĞŶŝůĞŶĞďŝůŝƌŶĞƌũŝ
^ŝƐƚĞŵůĞƌŝ͕ĞǀƌĞǀĞ'ĞƌŝƂŶƺƔƺŵ^ŝƐƚĞŵůĞƌŝͿ
7ƐƚĂŶďƵů
&/7ƐƚĂŶďƵůϮϬϭϰϮ͘'ŦĚĂŝůĞƔĞŶůĞƌŝ͕ƂǌƺŵůĞƌŝ͕
zĂƌĚŦŵĐŦǀĞ<ĂƚŬŦDĂĚĚĞůĞƌŝ&ƵĂƌŦ
'ŦĚĂ͕'ŦĚĂ7ƔůĞŵĞ͕7ĕĞĐĞŬ͕dĞŬŶŽůŽũŝǀĞŶĚƺƐƚƌŝůĞƌŝ
KƌŐĂŶŝŬ<ĂƚŬŦůĂƌ͕hŶůƵDĂŵƵůůĞƌ͕dĂƚůĂƌ͕ƌĂŵŽůĂƌ͕ŶƟŽŬƐŝĚĂŶůĂƌ͕^ƺƚmƌƺŶůĞƌŝ͕
ĂŚĂƌĂƚůĂƌ͕ĞƔŶŝůĞƌ͕dĂƚůĂŶĚŦƌŦĐŦůĂƌ͕bƵƌƵƉůĂƌ͕ŵƺůŐĂƚƂƌůĞƌ
>ƺƞŝ<ŦƌĚĂƌhůƵƐůĂƌĂƌĂƐŦ<ŽŶŐƌĞ
ǀĞ^ĞƌŐŝ^ĂƌĂǇŦ
7ƐƚĂŶďƵů
bĂŶůŦƵƌĨĂ'ŦĚĂdĂƌŦŵǀĞ,ĂǇǀĂŶĐŦůŦŬ&ƵĂƌŦ
dĂƌŦŵŬŝƉŵĂŶůĂƌŦ͕dŽŚƵŵĐƵůƵŬ͕,ĂǇǀĂŶĐŦůŦŬ
dŽŚƵŵǀĞdĞŬŶŽůŽũŝůĞƌŝ͕&ŝĚĞ͕&ŝĚĂŶ͕^ƺƐŝƚŬŝůĞƌŝ͕WĂŬĞƚůĞŵĞͲŵďĂůĂũdĂƌŦŵƐĂů
zĂǌŦůŦŵůĂƌ͕dĂƌŦŵƐĂůĂŶŬĂĐŦůŦŬ͕ŝƚŬŝ7ƐůĂŚŦ͕,ĂǇǀĂŶĐŦůŦŬ͕zĞŵ͕'ŦĚĂǀĞdĞŬŶŽůŽũŝůĞƌŝ
ŝƌĂĂƚKĚĂƐŦ^ŽƐǇĂůdĞƐŝƐůĂŶŦ
bĂŶůŦƵƌĨĂ
<KED<ϮϬϭϰ<ŽŶǇĂϭϭ͘hůƵƐůĂƌĂƌĂƐŦDĞƚĂů7ƔůĞŵĞ
DĂŬŝŶĞůĞƌŝ͕<ĂǇŶĂŬ͕ĞůŵĞ͕<ĞƐŵĞdĞŬŶŽůŽũŝůĞƌŝ͕
DĂůǌĞŵĞůĞƌ͕ůůĞƚůĞƌŝ͕,ŝĚƌŽůŝŬ͕WŶƂŵĂƟŬ&ƵĂƌŦ
DĞƚĂů7ƔůĞŵĞ͕<ĂǇŶĂŬ͕ĞůŵĞ͕<ĞƐŵĞdĞŬŶŽůŽũŝůĞƌŝ;^Ăĕ7ƔůĞŵĞ
DĞƚĂů7ƔůĞŵĞ͕<ĂǇŶĂŬ͕ĞůŵĞ͕<ĞƐŵĞdĞŬŶŽůŽũŝůĞƌŝ͕ůůĞƚůĞƌŝ͕,ŝĚƌŽůŝŬ͕WŶƂŵĂƟŬ͕
DĂŬŝŶĞůĞƌŝPǌĞůƂůƺŵͿ
<dKdƺǇĂƉ<ŽŶǇĂhůƵƐůĂƌĂƌĂƐŦ
&ƵĂƌDĞƌŬĞǌŝ
<ŽŶǇĂ
<KE>yϮϬϭϰ<ŽŶǇĂϵ͘ůĞŬƚƌŝŬ͕ůĞŬƚƌŽŶŝŬ͕ůĞŬͲ
ůĞŬƚƌŝŬ͕ůĞŬƚƌŽŶŝŬ͕ůĞŬƚƌŽŵĞŬĂŶŝŬ͕ŶĞƌũŝmƌĞƟŵŝ͕KƚŽͲ
ƚƌŽŵĞŬĂŶŝŬ͕ŶĞƌũŝmƌĞƟŵŝ͕KƚŽŵĂƐǇŽŶ&ƵĂƌŦ ŵĂƐǇŽŶ
ůĞŬƚƌŝŬ͕ůĞŬƚƌŽŶŝŬ͕ůĞŬƚƌŽŵĞŬĂŶŝŬ͕ŶĞƌũŝmƌĞƟŵŝ͕KƚŽŵĂƐǇŽŶ͕<ĂďůŽ
<ŽŶǇĂ
7^<KEϮϬϭϰ<ŽŶǇĂϵ͘7ƐƟŇĞŵĞ͕ĞƉŽůĂŵĂ͕dĂƔŦŵĂ͕
sŝŶĕǀĞ>ŽũŝƐƟŬ&ƵĂƌŦ
7ƐƟŇĞŵĞ͕ĞƉŽůĂŵĂ͕dĂƔŦŵĂǀĞ>ŽũŝƐƟŬ
7ƐƟŇĞŵĞ͕ĞƉŽůĂŵĂ͕dĂƔŦŵĂ͕sŝŶĕǀĞ>ŽũŝƐƟŬ
<ŽŶǇĂ
ϰ͘sĂŶdĂƌŦŵ͕,ĂǇǀĂŶĐŦůŦŬǀĞ'ŦĚĂ&ƵĂƌŦ
dĂƌŦŵ,ĂǇǀĂŶĐŦůŦŬ͕^ĞƌĂĐŦůŦŬ͕KƌŐĂŶŝŬ'ŦĚĂ͕^ƵůĂŵĂ
dĂƌŦŵƐĂůmƌĞƟŵ'ĞůŝƔƟƌŵĞ͕DĂŬŝŶĞǀĞzĂŶ^ĂŶĂǇŝ͕^ƵůĂŵĂ^ŝƐƚĞŵůĞƌŝ͕^ĞƌĂĐŦůŦŬ͕
,ĂǇǀĂŶĐŦůŦŬ͕ƌŦĐŦůŦŬ͕KƌŐĂŶŝŬ'ŦĚĂ͕'ƺďƌĞ͕WĞǇǌĂũ
dƵƔďĂ&ƵĂƌǀĞ<ŽŶŐƌĞDĞƌŬĞǌŝ
sĂŶ
<ŽŶĨĞŬƐŝǇŽŶDĂŬŝŶĞƐŝϮϬϭϰϮϰ͘hůƵƐůĂƌĂƌĂƐŦ<ŽŶĨĞŬͲ
ƐŝǇŽŶDĂŬŝŶĞůĞƌŝ͕EĂŬŦƔDĂŬŝŶĞůĞƌŝ͕<ŽŶĨĞŬƐŝǇŽŶzĂŶ
^ĂŶĂǇŝǀĞŬƐĞƐƵĂƌůĂƌŦ&ƵĂƌŦ;<ƵŵĂƔPǌĞůƂůƺŵƺ
<ŽŶĨĞŬƐŝǇŽͲ,ĂǌŦƌ'ŝǇŝŵĞzƂŶĞůŝŬ<ƵŵĂƔůĂƌͿ
<ŽŶĨĞŬƐŝǇŽŶ͕EĂŬŦƔ͕^Ğƌŝŵ͕<ĞƐŝŵ͕ĂƐŬŦDĂŬŝŶĞůĞƌŝ͕mƚƺůĞƌ͕
zĂŶ^ĂŶĂǇŝŝǀĞŬƐĞƐƵĂƌůĂƌŦ
ŝŬŝƔ͕EĂŬŦƔ͕<ĂƉŝƚŽŶĞ͕WĂƐŬĂů^Ğƌŝŵ͕<ĞƐŝŵ͕>ĂƐĞƌ͕ĂƐŬŦ͕<ĂƚůĂŵĂ͕<ĂůŝƚĞ<ŽŶƚƌŽů͕
DĞƚƌĂũPůĕƺŵDĂŬŝŶĞůĞƌŝ͕mƚƺůĞƌ͕WƌĞƐůĞƌ͕zĂǌŦůŦŵ͕zĂŶ^ĂŶĂǇŝŝǀĞŬƐĞƐƵĂƌůĂƌŦ
7ƐƚĂŶďƵů
h^tKZ>dhZ<z
KƚŽďƺƐŶĚƺƐƚƌŝƐŝǀĞzĂŶ^ĂŶĂǇŝ
KƚŽďƺƐ͕DŝĚŝďƺƐͲDŝŶŝďƺƐmƌĞƟĐŝůĞƌŝ͕zĞĚĞŬWĂƌĕĂ͕ŬƐĞƐƵĂƌsĞŬŝƉŵĂŶ͘
7ƐƚĂŶďƵů
zŽǌŐĂƚϱ͘dĂƌŦŵ͕'ŦĚĂǀĞ,ĂǇǀĂŶĐŦůŦŬ&ƵĂƌŦ
dĂƌŦŵ͕'ŦĚĂǀĞ,ĂǇǀĂŶĐŦůŦŬ͕
dĂƌŦŵdĞŬŶŽůŽũŝůĞƌŝǀĞDĞŬĂŶŝǌĂƐǇŽŶ͕,ĂǇǀĂŶĐŦůŦŬdĞŬŶŽůŽũŝůĞƌŝ͕,ĂǇǀĂŶ^ĂŒůŦŒŦ͕zĞŵ͕
dŽŚƵŵ͕&ŝĚĂŶĐŦůŦŬ͕^ƵůĂŵĂ͕'ŦĚĂǀĞdĞŬŶŽůŽũŝůĞƌŝ
zŽǌŐĂƚ<ĂƉĂůŦ&ƵĂƌůĂŶŦ
zŽǌŐĂƚ
Ϯϲ͘Ϭϰ͘ϮϬϭϰ
ŒŝƟŵůĞƌŝ
dŚĞDĂƌŵĂƌĂKƚĞů
7ƐƚĂŶďƵů
Ϯϴ͘Ϭϰ͘ϮϬϭϰ
^/^D/^&dz&ƵĂƌǀĞ<ŽŶĨĞƌĂŶƐŦ
ĞƉƌĞŵ'ƺǀĞŶůŝŒŝ͕zĂŶŐŦŶ<ŽƌƵŵĂǀĞ<ĞŶƚƐĞůƂŶƺƔƺŵ
bĞŚŝƌĐŝůŝŬ͕'ƺǀĞŶůŝŬ͕ĞƉƌĞŵĚĞŶǀĞzĂŶŐŦŶĚĂŶ<ŽƌƵǇƵĐƵŝŶĂzĂƉŦŵǀĞDĂůǌĞŵĞͲ
ůĞƌŝ͕^ƺƌĚƺƌĞďŝůŝƌůŝŬ
tKt<ŽŶŐƌĞDĞƌŬĞǌŝ
zĞƔŝůŬƂǇ
7ƐƚĂŶďƵů
/EdZ'KhZ^/&ƵĂƌǀĞ<ŽŶĨĞƌĂŶƐŦ
:ĞŽŝŶĨŽƌŵĂƐǇŽŶ͕ƌĂǌŝzƂŶĞƟŵŝ͕zĂƉŦŶĚƺƐƚƌŝƐŝǀĞĞǀƌĞ
<ŽŶƵůƵ&ƵĂƌǀĞ<ŽŶĨĞƌĂŶƐŦ
PůĕƺŵůĞƚǀĞŬƐĞƐƵĂƌůĂƌŦ͕PůĕƺŵzĂǌŦůŦŵŦ͕hǌĂŬƚĂŶůŐŦůĂŵĂ͕'ĞŽĚĂƚĂ,ŝǌŵĞƚůĞƌŝ͕
ĨĞƚzƂŶĞƟŵŝ͕zĂǌŦůŦŵ͕7ůĞƟƔŝŵǀĞŝůŐŝ^ŝƐƚĞŵůĞƌŝ͕ĂŶŦƔŵĂŶůŦŬ͕WůĂŶůĂŵĂ͕ĞǀƌĞ
zƂŶĞƟŵŝ
zĞƔŝůŬƂǇ
7ƐƚĂŶďƵů
ϭ͘dƺƌŬƌĂƉzĂƉŦDĂůǌĞŵĞůĞƌŝǀĞdĞŬŶŽůŽũŝůĞƌŝ&ƵĂƌŦ
Ͳ7Ŭŝůŝ'ƂƌƺƔŵĞůŦŵ,ĞǇĞƟKƌŐĂŶŝǌĂƐǇŽŶƵzĂƉŦŝƌǀĞƐŝ
můŬĞŵŝǌ<K7ΖůĞƌŝŶŝŶhůƵƐůĂƌĂƌĂƐŦ^ĂƨƔ&ĂĂůŝǇĞƚůĞƌŝŶŝŶ
'ƺĕůĞŶĚŝƌŝůŵĞƐŝ;zĂƉŦͲ7ŶƔĂĂƚDĂůǌĞŵĞůĞƌŝǀĞdĞŬŶŽůŽũŝůĞƌŝͿ
zĂƉŦͲ7ŶƔĂĂƚDĂůǌĞŵĞůĞƌŝǀĞdĞŬŶŽůŽũŝůĞƌŝ
^ŚĞƌĂƚŽŶKƚĞůĞƔŵĞ
7ǌŵŝƌ
Ϯϵ͘Ϭϰ͘ϮϬϭϰ
ϯ͘DĂůĂƚǇĂ<ŝƚĂƉǀĞ<ƺůƚƺƌ&ƵĂƌŦ
<ŝƚĂƉ͕^ƺƌĞůŝǀĞ^ƺƌĞƐŝǌzĂǇŦŶůĂƌ
<ŝƚĂƉ͕^ƺƌĞůŝǀĞ^ƺƌĞƐŝǌzĂǇŦŶůĂƌ͕<ƺůƚƺƌzĂǇŦŶĐŦůŦŬ͕,ĂǌŦƌůŦŬzĂǇŦŶůĂƌŦ
DŝƔŵŝƔWĂƌŬ&ƵĂƌůĂŶŦ
DĂůĂƚǇĂ
ϯϬ͘Ϭϰ͘ϮϬϭϰ
ƵŬƵƌŽǀĂ'ŦĚĂͬ'ŦĚĂͲdĞŬ&ƵĂƌŦϮϬϭϰ;ϴ͘Ϳ
'ŦĚĂ͕7ĕĞĐĞŬmƌƺŶůĞƌŝ͕'ŦĚĂ7ƔůĞŵĞ͕hŶůƵDĂŵƵůůĞƌdĞŬŶŽůŽͲ
ũŝůĞƌŝ͕ĞƉŽůĂŵĂ͕^ŽŒƵƚŵĂ͕dĂƔŦŵĂǀĞDĂŒĂǌĂͲDĂƌŬĞƚ
ŬŝƉŵĂŶůĂƌŦ
'ŦĚĂ͕7ĕĞĐĞŬmƌƺŶůĞƌŝ͕'ŦĚĂ7ƔůĞŵĞ͕hŶůƵDĂŵƵůůĞƌdĞŬŶŽůŽũŝůĞƌŝ͕ĞƉŽůĂŵĂ͕
^ŽŒƵƚŵĂ͕dĂƔŦŵĂǀĞDĂŒĂǌĂͲDĂƌŬĞƚŬŝƉŵĂŶůĂƌŦ
dƺǇĂƉĚĂŶĂhůƵƐůĂƌĂƌĂƐŦ&ƵĂƌ
ǀĞ<ŽŶŐƌĞDĞƌŬĞǌŝ
ĚĂŶĂ
ĚĂŶĂϴ͘ŵďĂůĂũ&ƵĂƌŦϮϬϭϰ
ŵďĂůĂũǀĞWůĂƐƟŬDĂůǌĞŵĞǀĞDĂŬŝŶĞůĞƌŝ͕WĂŬĞƚůĞŵĞ
7ƔůĞŵůĞƌŝǀĞ<ĂƵĕƵŬ
ŵďĂůĂũǀĞWůĂƐƟŬDĂůǌĞŵĞǀĞDĂŬŝŶĞůĞƌŝ͕WĂŬĞƚůĞŵĞ7ƔůĞŵůĞƌŝǀĞ<ĂƵĕƵŬ
ĚĂŶĂ
ZĞŬůĂŵĐŦůŦŬ&ƵĂƌŦϮϬϭϰϰ͘ĕŦŬ,ĂǀĂZĞŬůĂŵĐŦůŦŒŦ͕
WƌŽŵŽƐǇŽŶǀĞZĞŬůĂŵDĂůǌĞŵĞůĞƌŝ&ƵĂƌŦ
ĕŦŬ,ĂǀĂZĞŬůĂŵĐŦůŦŒŦ͕WƌŽŵŽƐǇŽŶǀĞZĞŬůĂŵDĂůǌĞŵĞůĞƌŝ
ĕŦŬ,ĂǀĂZĞŬůĂŵĐŦůŦŒŦ͕WƌŽŵŽƐǇŽŶǀĞZĞŬůĂŵDĂůǌĞŵĞůĞƌŝ
ĚĂŶĂ
DŽƚŽƌǀĞzĞůŬĞŶůŝdĞŬŶĞůĞƌ͕DŽƚŽƌǀĞDŽƚŽƌŬŝƉŵĂŶůĂƌŦ͕
Kd^,KtϮϬϭϰϯϯ͘hůƵƐůĂƌĂƌĂƐŦ7ƐƚĂŶďƵůŽĂƚ^ŚŽǁ
DĂƌŝŶŬŝƉŵĂŶůĂƌŦ͕dƺŬĞƟĐŝmƌƺŶǀĞŬƐĞƐƵĂƌǀĞ,ŝǌŵĞƚůĞƌŝ͕
&ƵĂƌŦ
7ŬŝŶĐŝůdĞŬŶĞǀĞŬŝƉŵĂŶůĂƌŦ
DŽƚŽƌǀĞzĞůŬĞŶůŝdĞŬŶĞůĞƌ͕DŽƚŽƌǀĞDŽƚŽƌŬŝƉŵĂŶůĂƌŦ͕DĂƌŝŶŬŝƉŵĂŶůĂƌŦ͕
dƺŬĞƟĐŝmƌƺŶǀĞŬƐĞƐƵĂƌǀĞ,ŝǌŵĞƚůĞƌŝ͕
7ƐƚĂŶďƵů
Ϭϭ͘Ϭϱ͘ϮϬϭϰ
^ĂŶƚĞŬͲ/ƐƉĂƌƚĂzĂƉŦ͕ĞŬŽƌǀĞŽŒĂůŐĂǌ&ƵĂƌŦ
zĂƉŦ͕ĞŬŽƌǀĞŽŒĂůŐĂǌmƌƺŶůĞƌŝ
ŽŒĂů'Ăǌ͕'ƺŶĞƔŶĞƌũŝƐŝ͕<ĂƨzĂŬŦƚ͕<ŽŵďŝŝŚĂǌůĂƌŦ͕<ĂǌĂŶůĂƌ͕ZĂĚǇĂƚƂƌ͕zĂƉŦǀĞ
ĞŬŽƌĂƐǇŽŶmƌƺŶůĞƌŝ
^ƺůĞǇŵĂŶĞŵŝƌĞů<ŽŶŐƌĞǀĞ
^ĞƌŐŝ^ĂƌĂǇŦ
/ƐƉĂƌƚĂ
ϬϮ͘Ϭϱ͘ϮϬϭϰ
:ĞǁĞǆůǇĂŶƐ͕ůƨŶ͕DƺĐĞǀŚĞƌ͕'ƺŵƺƔdĂŬŦǀĞ^ĂĂƚ
&ƵĂƌŦ
ůǇĂŶƐ͕ůƨŶ͕dĂŬŦ͕DƺĐĞǀŚĞƌ͕^ĂĂƚ
ůǇĂŶƐ͕ůƨŶ͕dĂŬŦ͕'ƺŵƺƔŬƐĞƐƵĂƌůĂƌ͕DƺĐĞǀŚĞƌ͕ĞŒĞƌůŝdĂƔůĂƌ͕^ĂĂƚ͕<ƵǇƵŵĐƵůƵŬ
DĂŬŝŶĞůĞƌŝ͕zĂŶ^ĂŶĂǇŝ
7ǌŵŝƌ
ϬϮ͘Ϭϱ͘ϮϬϭϰ
7ůĂĕĐǌĂĐŦůŦŬ&ƵĂƌŦǀĞ<ŽŶŐƌĞƐŝ
ĐǌĂĐŦůŦŬǀĞdĞŬŶŽůŽũŝůĞƌŝ
ĞƔĞƌŝ7ůĂĕůĂƌ͕Kd͕ĞƌŵŽ<ŽǌŵĞƟŬ͕ŽŶĂŶŦŵŬŝƉŵĂŶ͕^ĂƌĨDĂůǌĞŵĞůĞƌŝ͕ĞďĞŬ
mƌƺŶůĞƌŝ
>ƺƞŝ<ŦƌĚĂƌhůƵƐůĂƌĂƌĂƐŦ<ŽŶŐƌĞ
ǀĞ^ĞƌŐŝ^ĂƌĂǇŦ
7ƐƚĂŶďƵů
Ϭϱ͘Ϭϱ͘ϮϬϭϰ
dK^н,yWKdƺƌŬ7Ɣ'ƺǀĞŶůŝŒŝǀĞ^ĂŒůŦŒŦ&ƵĂƌŦ
7ƔzĞƌŝŶĚĞ'ƺǀĞŶůŝǀĞ^ĂŒůŦŬůŦĂůŦƔŵĂ<ŽƔƵůůĂƌŦŶŦŶ^ĂŒůĂŶŵĂƐŦ
<ŝƔŝƐĞů<ŽƌƵǇƵĐƵŽŶĂŶŦŵůĂƌ͕7ƔǇĞƌŝŶĚĞzĂŶŐŦŶ͕WĂƚůĂŵĂǀ͘ď͘dĞŚůŝŬĞůŝPŶůĞǇŝĐŝ
ŽŶĂŶŦŵůĂƌ͕7Ɣ^ĂŒůŦŒŦŒŝƟŵ,ŝǌŵĞƚůĞƌŝ
7ƐƚĂŶďƵů
Ϭϲ͘Ϭϱ͘ϮϬϭϰ
ϯϳ͘zĂƉŦ&ƵĂƌŦͲdƵƌŬĞǇďƵŝůĚ7ƐƚĂŶďƵůϮϬϭϰ
zĂƉŦ͕7ŶƔĂĂƚDĂůǌĞŵĞůĞƌŝǀĞdĞŬŶŽůŽũŝůĞƌŝ
,ŝǌŵĞƚůĞƌ͕ůƚǇĂƉŦ͕<ĂďĂzĂƉŦ͕ŝƟƌŵĞ7ƔůĞƌŝ͕dĞƐŝƐĂƚ͕ůĞŬƚƌŝŬͲůĞŬƚƌŽŶŝŬ͕ŝŶĂ
ŽŶĂŶŦŵŦ͕DƵƞĂŬͲĂŶǇŽ͕ĞǀƌĞƺǌĞŶůĞŵĞ
7ƐƚĂŶďƵů
Ϭϳ͘Ϭϱ͘ϮϬϭϰ
7ŶŽǀĂƐǇŽŶdƺƌŬŝǇĞ͕ZͲ'ŝƌǀĞƐŝǀĞ&ƵĂƌŦ
ZͲ'WƌŽũĞůĞƌŝ
ZͲ'WƌŽũĞůĞƌŝ
7ƐƚĂŶďƵů<ŽŶŐƌĞDĞƌŬĞǌŝ
7ƐƚĂŶďƵů
dZ/<KE&yϯ͘dƌŝŬŽ͕dƌŝŬŽ7ƉůŝŒŝ͕<ŽŶĨĞŬƐŝǇŽŶǀĞ
dĞŬŶŽůŽũŝůĞƌŝ
dƌŝŬŽ͕dƌŝŬŽ7ƉůŝŒŝ͕<ŽŶĨĞŬƐŝǇŽŶǀĞdĞŬŶŽůŽũŝůĞƌŝ
dƌŝŬŽ͕dƌŝŬŽ7ƉůŝŒŝ͕<ŽŶĨĞŬƐŝǇŽŶǀĞdĞŬŶŽůŽũŝůĞƌŝ
K&DKƌƚĂĚŽŒƵ&ƵĂƌDĞƌŬĞǌŝ
'ĂǌŝĂŶƚĞƉ
KƌƚĂĚŽŒƵϰ͘ŚƔĂƉ7ƔůĞŵĞDĂŬŝŶĞůĞƌŝ&ƵĂƌŦϮϬϭϰ
ŚƔĂƉ7ƔůĞŵĞDĂŬŝŶĞůĞƌŝ͕<ĞƐŝĐŝͲĞůŝĐŝdĂŬŦŵůĂƌ͕WƌĞƐůĞƌǀĞů
ůĞƚůĞƌŝ
ŚƔĂƉ7ƔůĞŵĞDĂŬŝŶĞůĞƌŝ͕<ĞƐŝĐŝͲĞůŝĐŝdĂŬŦŵůĂƌ͕WƌĞƐůĞƌǀĞůůĞƚůĞƌŝ
ŝǇĂƌďĂŬŦƌ
DĞƌŬĞǌŝ
KƌƚĂĚŽŒƵϰ͘DŽďŝůǇĂzĂŶ^ĂŶĂǇŝ&ƵĂƌŦϮϬϭϰ
DŽďŝůǇĂzĂŶ^ĂŶĂǇŝ͕ŬƐĞƐƵĂƌůĂƌŦ͕ƂƔĞŵĞůŝŬ<ƵŵĂƔůĂƌ͕<ĂƉŦ͕
WĞŶĐĞƌĞǀĞŚƔĂƉdĞŬŶŽůŽũŝƐŝǀĞKƌŵĂŶmƌƺŶůĞƌŝ
DŽďŝůǇĂzĂŶ^ĂŶĂǇŝ͕ŬƐĞƐƵĂƌůĂƌŦ͕ƂƔĞŵĞůŝŬ<ƵŵĂƔůĂƌ͕<ĂƉŦ͕WĞŶĐĞƌĞǀĞŚƔĂƉ
dĞŬŶŽůŽũŝƐŝǀĞKƌŵĂŶmƌƺŶůĞƌŝ
ŝǇĂƌďĂŬŦƌ
DĞƌŬĞǌŝ
KƌƚĂĚŽŒƵϱ͘mƌĞƟŵDĂŬŝŶĞůĞƌŝǀĞzĂŶ^ĂŶĂǇŝůĞƌ&ƵĂƌŦ
ϮϬϭϰ
mƌĞƟŵDĂŬŝŶĞůĞƌŝǀĞzĂŶ^ĂŶĂǇŝůĞƌ
DĞƚĂů7ƔůĞŵĞDĂŬŝŶĞůĞƌŝ͕ůĞŬƚƌŝŬ͕ůĞŬƚƌŽŶŝŬ͕KƚŽŵĂƐǇŽŶ͕,ŝĚƌŽůŝŬ͕WŶƂŵĂƟŬ^ŝƐͲ
ƚĞŵůĞƌ͕WůĂƐƟŬmƌĞƟŵDĂŬŝŶĞůĞƌŝǀĞ,ĂŵDĂĚĚĞůĞƌŝ͕zƺŬůĞŵĞ͕ĞƉŽůĂŵĂ͕7ƐƟŇĞŵĞ
ŝǇĂƌďĂŬŦƌ
DĞƌŬĞǌŝ
,ĂƐǇƵƌƚdĂƌŦŵ&ƵĂƌŦ
dĂƌŦŵdĞŬŶŽůŽũŝůĞƌŝ͕^ĞƌĂĐŦůŦŬ͕&ŝĚĂŶĐŦůŦŬ͕^ƵůĂŵĂǀĞ'ƺďƌĞůĞŵĞ dĂƌŦŵ͕dĂƌŦŵdĞŬŶŽůŽũŝůĞƌŝ͕^ĞƌĂĐŦůŦŬ͕&ŝĚĂŶĐŦůŦŬ͕^ƵůĂŵĂsĞ'ƺďƌĞůĞŵĞ
WŽŽůĞǆƉŽϮϬϭϰ
,ĂǀƵǌ͕ŚĂǀƵǌĂŬƐĞƐƵĂƌůĂƌŦ͕ƐĂƵŶĂ͕ƐƉĂ
/^<Ͳ^KyϮϬϭϰ
7ǌĨĂƔŽĂƚ^ŚŽǁ7ǌŵŝƌΗϮ͘dĞŬŶĞ͕zĂƚǀĞĞŶŝǌĐŝůŝŬ&ƵĂƌŦΗ dĞŬŶĞ͕zĂƚǀĞĞŶŝǌĐŝůŝŬ
Ϭϴ͘Ϭϱ͘ϮϬϭϰ
Ϯ͘7ƐƚĂŶďƵůŬŦůůŦbĞďĞŬĞůĞƌ<ŽŶŐƌĞǀĞ&ƵĂƌŦ
Ϭϴ͘Ϭϱ͘ϮϬϭϰ
DŽďŝůǇĂ͕7ŬůŝŵůĞŶĚŝƌŵĞ͕'ŦĚĂ͕KƚŽŵŽƟǀ͕ĂǇĂŶŦŬůŦdƺŬĞƟŵDĂůůĂƌŦ͕7ůĞƟƔŝŵ͕ŝůŝƔŝŵ͕
'ĞŶĞů&ƵĂƌ
,ŝǌŵĞƚ͕zĂƉŦmƌƺŶůĞƌŝ
,ĂƐǇƵƌƚĞůĞĚŝǇĞƐŝ<ƺůƚƺƌ
DĞƌŬĞǌŝͲ&ŝŶŝŬĞ
ŶƚĂůǇĂ
,ĂǀƵǌ͕ŚĂǀƵǌĚƂƔĞŵĞƐŝ͕ŚĂǀƵǌŵĞŬĂŶŝŬƚĞƐŝƐĂƨ͕ŚĂǀƵǌĂƌŦƚŵĂƐŦ͕ĮůƚƌĂƐǇŽŶ͕ƐĂƵŶĂ͕
ŚĂǀƵǌŬŝŵǇĂƐĂůůĂƌŦ
7ƐƚĂŶďƵů
/ƐŦƚŵĂ͕^ŽŒƵƚŵĂ͕<ůŝŵĂ͕,ĂǀĂůĂŶĚŦƌŵĂ͕zĂůŦƨŵ͕WŽŵƉĂ͕sĂŶĂ͕ /ƐŦƚŵĂ͕^ŽŒƵƚŵĂ͕<ůŝŵĂ͕,ĂǀĂůĂŶĚŦƌŵĂ͕zĂůŦƨŵ͕WŽŵƉĂ͕sĂŶĂ͕dĞƐŝƐĂƚ͕^ƵƌŦƚŵĂ͕
dĞƐŝƐĂƚ͕^ƵƌŦƚŵĂ͕,ĂǀƵǌǀĞ'ƺŶĞƔŶĞƌũŝ^ŝƐƚĞŵůĞƌŝ
,ĂǀƵǌǀĞ'ƺŶĞƔŶĞƌũŝ^ŝƐƚĞŵůĞƌŝ
7ƐƚĂŶďƵů
dĞŬŶĞůĞƌ͕ZƺǌŐĂƌ^ƂƌĨƺ͕DŽƚŽƌůĂƌ͕'ĞŵŝzĂƉŦŵŦDĂůǌĞŵĞůĞƌŝ͕dĞŬŶĞǀĞzĂƚ
ŬƐĞƐƵĂƌĂůĂƌŦ͕ĂůŦƔǀĞĂůŦŬĕŦůŦŬŬŝƉŵĂŶůĂƌŦ͕^Ƶ^ƉŽƌůĂƌŦ͕ĐŝůƵƌƵŵŬŝƉŵĂŶůĂƌŦ͕
ŚĂƌƚĞƌůĞƌ͕^ƵƌĨ
7ǌŵŝƌ
ŬŦůůŦbĞďĞŬĞůĞƌ͕/d
ůĞŬƚƌŝŬ͕^ƵǀĞ'Ăǌ^ĂǇĂĕůĂƌŦ͕dƌĂŶƐĨŽƌŵĂƚƂƌůĞƌ͕ŬŦůůŦbĞŚŝƌǀĞŬŦůůŦŝŶĂůĂƌ͕&ĂƚƵͲ
ƌĂůĂŵĂ͕/d'ƺǀĞŶůŝŬ͕zĂǌŦůŦŵ͕KƚŽŵĂƐǇŽŶ͕dĞůĞŬŽŵŝŶŝŬĂƐǇŽŶ
zĞƔŝůŬƂǇ
7ƐƚĂŶďƵů
DĂĚĞŶ͕DĞƌŵĞƌ͕ŽŒĂůƚĂƔ͕DĂŬŝŶĞdĞŬŶŽůŽũŝůĞƌŝǀĞ
^ĂƌĨDĂůǌĞŵĞůĞƌŝ&ƵĂƌŦ
DĂĚĞŶ͕DĂĚĞŶĐŝůŝŬ͕ŽŒĂůdĂƔůĂƌ͕DĞƌŵĞƌ
DĂĚĞŶ͕DĞƌŵĞƌ͕ŽŒĂůdĂƔ͕DĞƌŵĞƌDĂŬŝŶĞůĞƌŝ͕7ƔDĂŬŝŶĞůĞƌŝǀĞ^ĂƌĨDĂůǌĞŵĞůĞƌŝ
<ƺůƚƺƌƉĂƌŬĞůĞĚŝǇĞ&ƵĂƌůĂŶŦ
ĨǇŽŶŬĂƌĂͲ
ŚŝƐĂƌ
ϭϯ͘Ϭϱ͘ϮϬϭϰ
K&7dmZ<7zϮϬϭϰ
<ĂƨǀĞ^ŦǀŦzĂŒmƌĞƟŵŝ͕dĞŬŶŽůŽũŝůĞƌŝ͕'ĞůŝƔŵĞůĞƌ
ǇĕŝĕĞŬzĂŒŦmƌĞƟĐŝůĞƌŝǀĞ7ƔůĞǇŝĐŝůĞƌŝ͕mƌƺŶdŽƉůĂŵĂdĞŬŶŽůŽũŝůĞƌŝǀĞDĂŬŝŶĞůĞƌŝ͕zĂŒ
&ŽƌŵƺůůĞƌŝ͕KůĞŽĐŚĞŵŝĐĂůmƌĞƟĐŝůĞƌŝ
7ƐƚĂŶďƵů<ŽŶŐƌĞDĞƌŬĞǌŝ
7ƐƚĂŶďƵů
ϭϰ͘Ϭϱ͘ϮϬϭϰ
ϯ͘hůƵƐĂů,ĂǇǀĂŶĐŦůŦŬǀĞ^ƺƚŶĚƺƐƚƌŝƐŝ&ƵĂƌŦ
,ĂǇǀĂŶĐŦůŦŬ͕^ƺƚŶĚƺƐƚƌŝƐŝǀĞmƌƺŶůĞƌŝ
,ĂǇǀĂŶĐŦůŦŬǀĞŬŝƉŵĂŶůĂƌŦ͕^ƺƚŶĚƺƐƚƌŝƐŝmƌƺŶůĞƌŝ͕^ƺƚŶĚƺƐƚƌŝƐŝdĞŬŶŽůŽũŝůĞƌŝǀĞ
dĞĚĂƌŝŬĕŝůĞƌŝ͕dŽŚƵŵ͕zĞŵmƌĞƟŵŝŶĚĞ<ƵůůĂŶŦůĂŶdĂƌŦŵůĞƚǀĞDĂŬŝŶĞůĞƌ͕,ĂǇǀĂŶ
^ĂŒůŦŒŦ͕
ƵƌĚƵƌŽŬŵĂĕůŦ<ƵůůĂŶŦŵůŦ
&ƵĂƌůĂŶŦ
ƵƌĚƵƌ
ϭϰ͘Ϭϱ͘ϮϬϭϰ
yWKdZK/ϮϬϭϰ
ĂŶĂŬŬĂůĞdƵƌŝǌŵǀĞdŝĐĞƌĞƚ&ƵĂƌŦ
dĞŬƐƟůmƌƺŶůĞƌŝ͕7ŶƔĂĂƚDĂůǌĞŵĞůĞƌŝ͕'ŦĚĂmƌƺŶůĞƌŝ͕DŽďŝůǇĂ͕dƵƌŝǌŵǀĞ^ĞƌǀŝƐůĞƌ
'ĞŶĞů&ƵĂƌ
d^K<ŽŶŐƌĞǀĞ&ƵĂƌDĞƌŬĞǌŝ
ĂŶĂŬŬĂůĞ
DTO HABER
meclisten bir portre
%XD\NLU¶SRUWDMNRQXßXPX]\ñOGñUWLFDUL
KD\DWñQñDNWLIRODUDNGHYDPHWWLUHQ\ñOñQGDQ
EX\DQDGD'HQL]OL7LFDUHW2GDVñȃQGD<¶QHWLP
.XUXOX¼\HOLßL\DSDQ5DPD]DQ(/ð..2/
6. Meslek
Komitesi ve
%D÷OÕ%XOXQDQ
øú.ROODUÕ
5DPD]DQd(/ā..2/
ŵĂǇĂǀĂƌĚŦŬ͘
ͻ7ƔůĞƌŝŶŝǌĚĞĂŝůĞŶŝǌŝŶƐŝǌĞ
ϲ dĞŵŵƵǌ ϭϵϲϯ ĞŶŝǌͲ ŽůĂŶĚĞƐƚĞŒŝŶĞůĞƌĚŝƌ͍
ůŝ ĚŽŒƵŵůƵǇƵŵ͘ ŒŝƟŵŝͲ
7ƔŝŵĞƔƵĂŶŽŒƵůůĂƌŦŵůĂĚĞͲ
ŵŝ ƐŬŝŚŝƐĂƌ 7ůŬƂŒƌĞƟŵ
ǀĂŵĞĚŝǇŽƌƵŵ͘
KŬƵůƵ͛ŶĚĂ͕ KƌƚĂŽŬƵůƵ DĞƌͲ
ŬĞǌ KƌƚĂŽŬƵůƵ͛ŶĚĂ ƚĂŵĂŵͲ ͻEĞĚĞŶďƵƐĞŬƚƂƌƺ
ůĂĚŦŵǀĞƔƵĂŶĚĂP>͛ǇĞĚĞͲ ƚĞƌĐŝŚĞƚƚŝŶŝǌ͍dŝĐĂƌĞƚĞ
ǀĂŵ ĞĚŝǇŽƌƵŵ͘ ϭϵϴϯͲϭϵϴϱ ďĂƔůĂŵĂĚĂŶƂŶĐĞŚĂǇĂůŝͲ
ǇŦůůĂƌŦŶĚĂŶŬĂƌĂDƵŚĂďĞƌĞ ŶŝǌĚĞǇĂƉŵĂŬŝƐƚĞĚŝŒŝŶŝǌ
ĂǀƵƔƵ ŽůĂƌĂŬ ǀĂƚĂŶŝ ŐƂƌĞͲ ďĂƔŬĂďŝƌŝƔǀĂƌŵŦǇĚŦ͍
ǀŝŵŝ ƚĂŵĂŵůĂĚŦŵ͘ ϵ DĂǇŦƐ
,ĂǇĂůŝŵ ƚƵƌŝǌŵ ďƂůŐĞƐŝŶͲ
ϭϵϴϮǇŦůŦŶĚĂŝƐĞĞƔŝŵǇŶƵƌ
ĚĞŽůĚƵŒƵŵƵǌŝĕŝŶϱǇŦůĚŦǌůŦ
ĞůŝŬŬŽů͛ůĂ ŚĂǇĂƨŵŦ ďŝƌůĞƔͲ
ŽƚĞůŬƵƌŵĂŬƨ͘
ƟƌĚŝŵ͘ Ɣŝŵ ǇŶƵƌ ,ĂŶŦŵ͕
ŒƵƐƚŽƐ ĂǇŦ ϭϵϲϱ ĞŶŝǌůŝ ͻŝǌĞŝĕĞƌŝƐŝŶĚĞŽůĚƵŒƵͲ
ĚŽŒƵŵůƵĚƵƌ͘ 7Ŭŝ ŽŒůƵŵ ďŝƌ ŶƵǌƐĞŬƚƂƌƺ͕ǇĂŶŝŵĞƐůĞͲ
ŬŦǌŦŵ ǀĂƌ͘ ƺǇƺŬ ŽŒůƵŵ ŒŝŶŝǌŝĂŶůĂƚŦƌŵŦƐŦŶŦǌ͍
DƵƐĂ ϰ bƵďĂƚ ϭϵϴϯ ǇŦůŦŶĚĂ
7ĕŝŶĚĞ ďƵůƵŶĚƵŒƵŵƵǌ ŐŦĚĂ
ĞŶŝǌůŝ͛ĚĞ ĚŽŒĚƵ͘ <ĞŶĚŝƐŝ
ǀĞ ŝĕĞĐĞŬ ŐƌƵďƵ ůŝĚĞƌ ŵĂƌͲ
ůŝƐĞŵĞǌƵŶƵĚƵƌ͘KŶƵŶŬƺĕƺͲ
ŬĂůĂƌĚĂŶ ŽůƵƔĂŶ ŽĐĂ ŽůĂ͕
Œƺ ŽŒůƵŵ DĞůŝŚ͕ ϲ ,ĂǌŝƌĂŶ
ĨĞƐWŝůƐĞŶ͕ƟǀĞ:d7ƺƌƺŶůĞͲ
ϭϵϴϵĚŽŒƵŵůƵK͛ĚĂƺŶŝǀĞƌͲ
ƌŝŶŝŶƚŽƉƚĂŶƐĂƨƔŦŶŦǀĞĚĂŒŦͲ
ƐŝƚĞ ƂŒƌĞŶĐŝƐŝĚŝƌ͘ Ŷ ŬƺĕƺŬ
ƨŵŦŶŦǇĂƉŵĂŬƚĂǇŦǌ͘^ŝƐƚĞŵĞ
ĕŽĐƵŒƵŵ ŬŦǌŦŵ DĞƌǀĞ ŝƐĞ
ŬĂǇŦƚůŦ ϱϬϬϬ ŵƺƔƚĞƌŝŵŝǌůĞ͕
Ϯϯ EŝƐĂŶ ϮϬϬϬ ĚŽŒƵŵůƵ ϴ͘
ϭϬϬ ĂƌĂĐŦůŦŬ ĮůŽŵƵǌůĂ ϭϴϬ
ƐŦŶŦĨĂ ŐŝĚŝǇŽƌ͘ ϭ KĐĂŬ ϮϬϬϴ
ƉĞƌƐŽŶĞůŝŵŝǌůĞ ŵƺŬĞŵŵĞů
ĚŽŒƵŵůƵ ZĂŵĂǌĂŶ ŝƐŵŝŶĚĞ
ďŝƌ ŚŝǌŵĞƚ ƐƵŶŵĂŬƚĂǇŦǌ͘
ĚĞ ďŝƌ ƚŽƌƵŶƵŵ ǀĂƌ͘ K͛ĚĂ
ŵĂĐŦŵŦǌďƂůŐĞŵŝǌĚĞůŝĚĞƌ͕
ĂŶĂƐŦŶŦķŶĂŐŝĚŝǇŽƌ͘
ƺůŬĞŵŝǌĚĞ ŵŽĚĞů ďŝƌ ƔŝƌŬĞƚ
ͻ7ƔŚĂǇĂƚŦŶĂŶĞǌĂŵĂŶ
ĂƚŦůĚŦŶŦǌ͍
ϭϵϴϱ ǇŦůŦŶĚĂ ƐĂŶĂǇŝĚĞ ŽƚŽ
ĞůĞŬƚƌŝŬ ĂƚƂůǇĞƐŝ Ăĕƨŵ͕ ďƵ
ŝůŬ ŝƔǇĞƌŝŵĚŝ͘ ϭϵϴϵ ǇŦůŦŶĚĂ
ŝƐĞ ďĂďĂŵ ǀĞ ŬĂƌĚĞƔůĞƌŝŵͲ
ůĞ ďŝƌůŝŬƚĞ ĞůŝŬŬŽů WĞƚƌŽůƺ
ŬƵƌĚƵŬ͘ϭϵϵϳǇŦůŦŶĚĂĚĂĞͲ
ůŝŬŬŽůdƵƌŝǌŵ'ŦĚĂ͛ŶŦŶŬƵƌƵͲ
ůƵƔƵŶƵ ǇĂƉƨŬ͘ ϮϬϬϬ ǇŦůŦŶĚĂ
ŝƐĞ ŵĞƌŵĞƌ ĨĂďƌŝŬĂƐŦ ƐĂƨŶ
ĂůĚŦŬ͘ŽĐĂŽůĂǀĞĨĞƐWŝůͲ
ƐĞŶĮƌŵĂƐŦŶŦŶďŝǌůĞƌĞƚĞŬůŝĮ
ĐĂǌŝƉŐĞůĚŝǀĞŽŶůĂƌůĂĂŶůĂƔͲ
ŽůŵĂŬƨƌ͘
ͻ'ĞĕŵŝƔƚĞŶďƵŐƺŶĞŵĞƐͲ
ůĞŒŝŶŝǌůĞŝůŐŝůŝŶĞůĞƌƐƂǇͲ
ůĞƌƐŝŶŝǌ͍EĞůĞƌĚĞŒŝƔƚŝ͍
DŽĚĞƌŶ ĕĂŒŦŶ ǇĞŶŝůŝŬůĞƌŝŶͲ
ĚĞŶǇĂƌĂƌůĂŶĂƌĂŬĞŶŚŦǌůŦǀĞ
ĞŶ ĚƺǌŐƺŶ ďŝƌ ƔĞŬŝůĚĞ ĚĂͲ
ŒŦƨŵŦŶŦ ǇĂƉŦǇŽƌƵǌ͘ ƺŶǇĂ
ĚĞǀŝĮƌŵĂůĂƌůĂĕĂůŦƔŵĂŬďŝƌ
ĂǀĂŶƚĂũĚŦƌ͘'ŦĚĂƐĞŬƚƂƌƺŶĚĞ
ƚƺŬĞƟŵ ƺƌƺŶůĞƌŝ ƐĂƴŒŦŵŦǌ
ŝĕŝŶ ĕŽŬ ŚŦǌůŦ ƔĞŬŝůĚĞ ƐŝƌŬƺͲ
ůĂƐǇŽŶŽůŵĂŬƚĂĚŦƌ͘
ͻDĞƐůĞŒŝŶŝǌŝŶĂǀĂŶƚĂũůĂƌŦ ĐĞ ŵĞŵŶƵŶ ŽůĚƵŒƵŶƵ ƚƺŵ
ĞŬŝďŝŶ ŚĞǇĞĐĂŶůŦ ǀĞ ƂǌǀĞƌŝůŝ
ŶĞůĞƌĚŝƌ͍
ĕĂůŦƔŵĂůĂƌŦŶŦ ŐƂƌĚƺŒƺŶĚĞŶ
ŬŽŶŽŵŝŬ ŬƌŝǌůĞƌĚĞ ĞŶ ƐŽŶ
ĕŽŬ ŵƵƚůƵ ŽůĚƵŒƵŶƵ͟ ŝĨĂĚĞ
ĞƚŬŝůĞŶĞŶ ƐĞŬƚƂƌĚƺƌ͘ Ăƌŝ
ĞĚĞƌĞŬďŝǌůĞƌĞƚĞƔĞŬŬƺƌĞƫ͘
ƌŝƐŬůŝ ĂŶĂůŝǌŝŶ ƐƺƌĞŬůŝ ŝǇŝ ǇƂͲ
Ƶ ĚĂ ďŝǌĚĞ ŐƺǌĞů ďŝƌ ĂŶŦ
ŶĞƟůĞďŝůŵĞƐŝ ŐĞƌĞŬŵĞŬƚĞͲ
ŽůĂƌĂŬŬĂůĚŦ͘
Ěŝƌ͘
ͻdŝĐĂƌĞƚĞǇĞŶŝĂƚŦůŵĂǇŦ
ͻDĞƐůĞŒŝŶŝǌĚĞǇĂƔĂĚŦŒŦͲ
ĚƺƔƺŶĞŶŐĞŶĕůĞƌĞŶĞůĞƌ
ŶŦǌǌŽƌůƵŬůĂƌŽůƵǇŽƌŵƵ͍
ƚĂǀƐŝǇĞĞĚĞƌƐĞŶŝǌ͍
^ĞŬƚƂƌĚĞŬŝƐŦŬŦŶƚŦůĂƌĚĂŶ
zĞŶŝ ŐŝƌŝƔŝŵĐŝůĞƌ ŝĕŝŶ ƚĂǀƐŝͲ
ƐƂǌĞĚĞƌŵŝƐŝŶŝǌ͍
ǇĞŵ͕ ĞŒŝƟŵůĞƌŝŶŝ ĂůŵĂůĂƌŦ͕
7ƔŝŵŝǌŝŶƂŶĞŵůŝďŝƌŬŦƐŵŦƐĂͲ
ŝƔůĞƌŝŶĞ ŽĚĂŬůĂŶŵĂůĂƌŦ͕ ŝƔͲ
ƨƔĚĂŒŦƨŵŽůĚƵŒƵŝĕŝŶƺƌƺŶͲ
ůĞƌŝŶĞĚĂŚĂĕŽŬǌĂŵĂŶĂǇŦƌͲ
ůĞƌŝŵŝǌŝŵƺƔƚĞƌŝůĞƌŝŵŝǌĞƚĞƐͲ
ŵĂůĂƌŦ͕ ŝƐƟŬƌĂƌůŦ ƐĂďŦƌůŦ ĚƺͲ
ůŝŵ ĞĚĞƌŬĞŶ ƉĂƌŬ ƐŦŬŦŶƨůĂƌŦ
ƌƺƐƚǀĞŐƺǀĞŶŝůŝƌŽůŵĂůĂƌŦĚŦƌ͘
ǇĂƔĂŵĂŬƚĂǇŦǌ͘ ;bĞŚƌŝŵŝǌĚĞ
ǇĞƚĞƌůŝ ƐĂǇŦĚĂ ǇƺŬ ŝŶĚŝƌŵĞ ͻĞŶŝǌůŝdŝĐĂƌĞƚKĚĂƐŦ͛ŶŦŶ
ĐĞƉůĞƌŝ ďƵůƵŶŵĂŵĂŬƚĂĚŦƌͿ ǇƂŶĞƚŝŵŬƵƌƵůƵŶĚĂŐƂƌĞǀ
DĞƐůĞŒŝŵŝǌĚĞŬŝ ĞŶ ďƺǇƺŬ ĂůŵŦƔďŝƌŬŝƔŝŽůĂƌĂŬKĚĂͲ
ƐŦŬŦŶƨďƵĚƵƌ͘ĞŶŝǌůŝ͛ĚĞƐŽŶ ŵŦǌĨĂĂůŝǇĞƚůĞƌŝŶŝŶĂƐŦů
ǌĂŵĂŶůĂƌĚĂ ƚƺŵ ƐĞŬƚƂƌůĞƌͲ ĚĞŒĞƌůĞŶĚŝƌŝƌƐŝŶŝǌ͍
ĚĞŽůĚƵŒƵŐŝďŝďŝǌůĞƌĚĞƉĞƌͲ
ϭϵϵϱǇŦůŦ<ĂƐŦŵĂǇŦŶĚĂŵĞĐͲ
ƐŽŶĞůƐŦŬŦŶƨƐŦǇĂƔĂŵĂŬƚĂǇŦǌ͘
ůŝƐ ƺǇĞůŝŒŝ ǇĂƉŵĂǇĂ ďĂƔůĂͲ
<ŽŶũŽŶŬƚƺƌĞů ƐĞďĞƉůĞƌĚĞŶ
ĚŦŵ͘ ǇŶŦ ǇŦů ƌĂůŦŬ ĂǇŦŶĚĂ
ĚŽůĂǇŦ ǇŦů ŝĕŝŶĚĞ ĕŽŬ ƐĂǇŦĚĂ
ŝƐĞzƂŶĞƟŵŬƵƌƵůƵƺǇĞƐŝŽůͲ
ŬƺĕƺŬ ŝƔůĞƚŵĞůĞƌ ĂĕŦůŦƉ ŬĂͲ
ĚƵŵ͘ K ŐƺŶ ďƵŐƺŶĚƺƌ ĞͲ
ƉĂŶŵĂŬƚĂ ǀĞǇĂ Ğů ĚĞŒŝƔƟƌͲ
ŶŝǌůŝdŝĐĂƌĞƚKĚĂƐŦ͛ŶĚĂĂŬƟĨ
ŵĞŬƚĞĚŝƌ͘
ŽůĂƌĂŬ ŐƂƌĞǀ ĂůŦǇŽƌƵŵ͘ ĞͲ
ͻPǌĞůůŝŬůĞŵĞƐůĞŒŝŶŝǌůĞ
Ŷŝǌůŝ dŝĐĂƌĞƚ KĚĂƐŦ͛ŶĚĂ ŐƂͲ
ŝůŐŝůŝƵŶƵƚĂŵĂĚŦŒŦŶŦǌďŝƌ
ƌĞǀ ĂůŵĂŶŦŶ ďƺǇƺŬ ďŝƌ ƐŽƐͲ
ǇĂů ƐŽƌƵŵůƵůƵŬ ŽůĚƵŒƵŶƵ
ĂŶŦŶŦǌǀĂƌŵŦ͍
ĚƺƔƺŶƺǇŽƌƵŵ͘ ,Ğƌ ŐĞĕĞŶ
bƵ ĂŶ ĚƺŶǇĂĚĂŬŝ ŽĐĂ
ŐƺŶ ǌŽƌůĂƔĂŶ ĚƺŶǇĂ ĞŬŽŶŽͲ
ŽůĂ ƐŝƐƚĞŵŝŶĚĞŬŝ DƵŚƚĂƌ
ŵŝƐŝ ŝĕŝŶĚĞ͖ ƺǇĞůĞƌŝŶĞ ǇĞŶŝ
<ĞŶƚ͛ƚĞŶ ƐŽŶƌĂ ŝŬŝŶĐŝ ŐĞůĞŶ
ƉĂǌĂƌůĂƌďƵůĂďŝůŵĞŬŝĕŝŶǌŝƌͲ
ŝƐŝŵ ŚŵĞƚ ŽǌĞƌ͛Ěŝƌ͘ ϭϵϵϴ
ǀĞǇĞ ƵůĂƔŵŦƔ ƌĞŬĂďĞƚĕŝ ďŝƌ
ǇŦůŦŶĚĂďŝƌĞŶŝǌůŝǌŝǇĂƌĞƟŶͲ
ŽƌƚĂŵĚĂ ĚĂŝŵĂ ƺǇĞůĞƌŝŶŝŶ
ĚĞ ďƵůƵŶĚƵ͘ ƂůŐĞǇŝ ĚŽůĂƔͲ
ŚŝǌŵĞƟŶĚĞ͕ƂǌĞůůŝŬůĞǇƵƌƚŝĕŝ
ƨŬƚĂŶ ƐŽŶƌĂ ŐĞŶĞů ĚĞŒĞƌͲ
ǀĞǇƵƌƚĚŦƔŦĨƵĂƌůĂƌŦŶĚĂƺǇĞͲ
ůĞŶĚŝƌŵĞ ƚŽƉůĂŶƨƐŦ ǇĂƉƨ͘
ůĞƌŝŶ ƚĞŵƐŝů ǀĞ ŬĂƨůŦŵŦŶŦŶ
ŝǌ ŬĞŶĚŝƐŝŶĚĞŶ ƉŝǇĂƐĂ ƵǇͲ
ĚĞƐƚĞŬůĞŶŵĞƐŝ ŚĂƩĂ ƚĞƔǀŝŬ
ŐƵůĂŵĂůĂƌŦǇůĂ ŝůŐŝůŝ ƂŶĞƌŝ ǀĞ
ĞĚŝůŵĞƐŝŶŝ ƚĂŬĚŝƌĞ ƔĂǇĂŶ
ƔŝŬąǇĞƚůĞƌŝŶŝ ďĞŬůĞƌŬĞŶ ͞ĕĂͲ
ŐƂƌŵĞŬƚĞǇŝŵ͘
ůŦƔŵĂůĂƌŦŵŦǌĚĂŶ ƐŽŶ ĚĞƌĞͲ
<ŽŵŝƚĞĂƔŬĂŶŦ
zĂůĕŦŶ<ĂƉůĂŶ
<ŽŵŝƚĞĂƔŬĂŶzĂƌĚŦŵĐŦƐŦ
zĂƔĂƌƐůĂŶŬĂƌĂ
zƂŶĞƟŵ<ƵƌƵůƵmǇĞƐŝ
DĞŚŵĞƚ&ĂƟŚ<ŽĕĞƌ
zƂŶĞƟŵ<ƵƌƵůƵmǇĞƐŝ
ZĂŵĂǌĂŶĞůŝŬŬŽů
DĞĐůŝƐmǇĞƐŝ
DĞŚŵĞƚ,ƵůƵƐŝ
<ŽŵŝƚĞmǇĞƐŝ
ŬŝĨĂŒĐŦ
<ŽŵŝƚĞmǇĞƐŝ
,ƵƌŝǇĞĂŒ
E
<Kh
ͻŝǌĞŬĞŶĚŝŶŝǌŝƚĂŶŦƚŦƌ
ŵŦƐŦŶŦǌ͍
19
Mart 2014
E&>7zd7
d
ϰϲ͘ϵϬ͘Ϭϰ
ĞůŝƌůŝďŝƌŵĂůĂƚĂŚƐŝƐĞĚŝůŵĞŵŝƔŵĂŒĂǌĂůĂƌĚĂŬŝďŝƌďĂƔŬĂƺůŬĞǇůĞ
ǇĂƉŦůĂŶƚŽƉƚĂŶƟĐĂƌĞƚ;ĕĞƔŝƚůŝŵĂůůĂƌŦŶƚŽƉƚĂŶƐĂƨƔŦͿ
ϭϬϭ
ϰϲ͘ϯϵ͘ϬϮ
ĞůůŝďŝƌŵĂůĂƚĂŚƐŝƐĞĚŝůŵĞŵŝƔŵĂŒĂǌĂůĂƌĚĂŐŦĚĂ;ĚŽŶĚƵƌƵůŵĂŵŦƔͿ͕
ŝĕĞĐĞŬǀĞƚƺƚƺŶƚŽƉƚĂŶƟĐĂƌĞƟ
ϳϮ
ϭϬ͘ϳϭ͘ϬϮ
&ŦƌŦŶƺƌƺŶůĞƌŝŝŵĂůĂƨ;ĞŬŵĞŬ͕ƉŝĚĞ͕Ɛŝŵŝƚ͕ǀď͘ĚĂŚŝů͕ƚĂǌĞƉĂƐƚĂŶĞ
ƺƌƺŶůĞƌŝŶŝŶŝŵĂůĂƨŚĂƌŝĕͿ
ϰϯ
ϰϲ͘ϯϯ͘Ϭϭ
^ƺƚƺƌƺŶůĞƌŝƚŽƉƚĂŶƟĐĂƌĞƟ;ŝƔůĞŶŵŝƔƐƺƚ͕ƐƺƚƚŽǌƵ͕ǇŽŒƵƌƚ͕ƉĞǇŶŝƌ͕
ŬĂǇŵĂŬ͕ƚĞƌĞǇĂŒǀď͘Ϳ
ϯϳ
ϰϲ͘ϰϰ͘ϬϮ
dĞŵŝǌůŝŬŵĂůǌĞŵĞƐŝƚŽƉƚĂŶƟĐĂƌĞƟ;ĚĞƚĞƌũĂŶ͕ŽǀŵĂŬƌĞŵǀĞƚŽǌůĂƌŦ͕
ǇƵŵƵƔĂƨĐŦůĂƌ͕ƌĂƉƐĂďƵŶƵ͕ǀď͘ĚĂŚŝů͕ŬŝƔŝƐĞůƚĞŵŝǌůŝŬƐĂďƵŶůĂƌŦŚĂƌŝĕͿ
ϯϬ
'ŦĚĂŵĂĚĚĞůĞƌŝŶŝŶďŝƌƺĐƌĞƚǀĞǇĂƐƂǌůĞƔŵĞǇĞĚĂǇĂůŦŽůĂƌĂŬƚŽƉƚĂŶ
ϰϲ͘ϭϳ͘Ϭϭ ƐĂƨƔŦŶŦǇĂƉĂŶĂƌĂĐŦůĂƌ;ĂƌĂĐŦƺƌĞƟĐŝďŝƌůŝŬůĞƌŝĚĂŚŝů͕ǇĂƔƐĞďǌĞǀĞŵĞǇǀĞ
ŚĂƌŝĕͿ
ϮϬ
ϭϭ͘ϬϮ͘Ϭϭ mǌƺŵĚĞŶƔĂƌĂƉ͕ŬƂƉƺŬůƺƔĂƌĂƉ͕ƔĂŵƉĂŶǇĂǀď͘ƺƌĞƟŵŝ
ϭϳ
ĞůŝƌůŝďŝƌŵĂůĂƚĂŚƐŝƐĞĚŝůŵĞŵŝƔŵĂŒĂǌĂůĂƌĚĂŬŝƚŽƉƚĂŶƟĐĂƌĞƚ;ĕĞƔŝƚůŝ
ϰϲ͘ϵϬ͘Ϭϭ
ŵĂůůĂƌŦŶƚŽƉƚĂŶƐĂƨƔŦͿ;ďŝƌďĂƔŬĂƺůŬĞǇůĞǇĂƉŦůĂŶƚŽƉƚĂŶƟĐĂƌĞƚŚĂƌŝĕͿ
ϭϲ
ϰϲ͘ϯϰ͘Ϭϭ ůŬŽůůƺŝĕĞĐĞŬůĞƌŝŶƚŽƉƚĂŶƟĐĂƌĞƟ
ϭϱ
dĂǌĞƉĂƐƚĂŶĞƺƌƺŶůĞƌŝŝŵĂůĂƨ;ǇĂƔƉĂƐƚĂ͕ŬƵƌƵƉĂƐƚĂ͕ƉŽŒĂĕĂ͕ŬĞŬ͕
ϭϬ͘ϳϭ͘Ϭϭ
ďƂƌĞŬ͕ƉĂǇ͕ƚƵƌƚĂ͕ǁĂŋĞƐǀď͘Ϳ
ϭϱ
ϰϲ͘ϯϵ͘Ϭϭ
ĞůůŝďŝƌŵĂůĂƚĂŚƐŝƐĞĚŝůŵĞŵŝƔŵĂŒĂǌĂůĂƌĚĂĚŽŶĚƵƌƵůŵƵƔŐŦĚĂƚŽƉƚĂŶ
ƟĐĂƌĞƟ
ϭϮ
ϰϲ͘ϭϵ͘Ϭϭ
ĞƔŝƚůŝŵĂůůĂƌŦŶďŝƌƺĐƌĞƚǀĞǇĂƐƂǌůĞƔŵĞǇĞĚĂǇĂůŦŽůĂƌĂŬƚŽƉƚĂŶƐĂƨƔŦŶŦ
ǇĂƉĂŶĂƌĂĐŦůĂƌ
ϵ
ϰϲ͘ϯϲ͘ϬϮ
&ŦƌŦŶĐŦůŦŬŵĂŵƵůůĞƌŝŶŝŶƚŽƉƚĂŶƟĐĂƌĞƟ;ĞŬŵĞŬ͕ŬĞŬ͕ďŝƐŬƺǀŝ͕ĚŽŶĚƵƌŵĂ
ŬƺůĂŚŦǀď͘Ϳ
ϴ
ϰϲ͘ϯϴ͘Ϭϲ
ĂƔŬĂǇĞƌĚĞƐŦŶŦŇĂŶĚŦƌŦůŵĂŵŦƔĚŝŒĞƌŐŦĚĂƺƌƺŶůĞƌŝŶŝŶƚŽƉƚĂŶƟĐĂƌĞƟ
;ĚŽŒĂůďĂů͕ŵĂůƚ͕ŚĂǌŦƌǇĞŵĞŬ͕ƐŝƌŬĞǀď͘Ϳ
ϳ
ϭϬ͘ϴϮ͘Ϭϰ
>ŽŬƵŵ͕ƉŝƔŵĂŶŝǇĞ͕ŚĞůǀĂ͕ŬĂƌĂŵĞů͕ŬŽǌŚĞůǀĂ͕ĨŽŶĚĂŶ͕ďĞǇĂǌĕŝŬŽůĂƚĂ
ǀď͘ŝŵĂůĂƨ;ƚĂŚŝŶŚĞůǀĂƐŦĚĂŚŝůͿ
ϲ
ϰϲ͘ϯϮ͘Ϭϭ <ƺŵĞƐŚĂǇǀĂŶůĂƌŦǀĞĂǀŚĂǇǀĂŶůĂƌŦĞƚůĞƌŝŶŝŶƚŽƉƚĂŶƟĐĂƌĞƟ
ϭϬ͘ϱϭ͘Ϭϱ
^ƺƩĞŶǇĂƉŦůĂŶĚŝŒĞƌƺƌƺŶůĞƌŝŶŝŵĂůĂƨ;ƚĞƌĞǇĂŒŦ͕ǇŽŒƵƌƚ͕ĂǇƌĂŶ͕ŬĂǇͲ
ŵĂŬ͕ŬƌĞŵĂ͕ǀď͘Ϳ;ŬƌĞŵƔĂŶƟĚĂŚŝůͿ;ŬĂƨǀĞǇĂƚŽǌŚĂůĚĞŬƌĞŵĂŚĂƌŝĕͿ
ϲ
ϱ
ϰϲ͘ϯϮ͘Ϭϰ ƚƺƌƺŶůĞƌŝŶŝŶƚŽƉƚĂŶƟĐĂƌĞƟ;ƐĂůĂŵ͕ƐŽƐŝƐ͕ƐƵĐƵŬ͕ƉĂƐƨƌŵĂǀď͘Ϳ
ϱ
,ĂǌŦƌǇĞŵĞŬŝŵĂůĂƨ;ǀĂŬƵŵůĂƉĂŬĞƚůĞŶŵŝƔǀĞǇĂŬŽƌƵŶŵƵƔŽůĂŶůĂƌͿ
ϭϬ͘ϴϱ͘Ϭϭ
;ůŽŬĂŶƚĂǀĞĐĂƚĞƌŝŶŐŚŝǌŵĞƚůĞƌŝŚĂƌŝĕͿ
ϱ
ϭϬ͘ϳϮ͘Ϭϯ
dĂƚůĂŶĚŦƌŦůŵĂŵŦƔĚĂǇĂŶŦŬůŦŚĂŵƵƌƚĂƚůŦůĂƌŦŝŵĂůĂƨ;ƉŝƔŝƌŝůŵŝƔŽůƐƵŶ
ŽůŵĂƐŦŶƚĂƚůĂŶĚŦƌŦůŵĂŵŦƔŬĂĚĂǇŦĨ͕ďĂŬůĂǀĂǀď͘Ϳ;ǇƵŅĂŝŵĂůĂƨĚĂŚŝůͿ
ϰ
ϰϲ͘ϯϰ͘Ϭϯ ^ƵƚŽƉƚĂŶƟĐĂƌĞƟ;ƐƵŝƐƚĂƐǇŽŶůĂƌŦĚĂŚŝů͕ƔĞďĞŬĞƐƵǇƵŚĂƌŝĕͿ
ϰ
WůĂƐƟŬƐŽĨƌĂ͕ŵƵƞĂŬǀĞĚŝŒĞƌĞǀĞƔǇĂƐŦŝůĞƚƵǀĂůĞƚĞƔǇĂƐŦƚŽƉƚĂŶ
ϰϲ͘ϰϵ͘ϭϳ
ƟĐĂƌĞƟ;ƉůĂƐƟŬƚĞƉƐŝ͕ďĂƌĚĂŬ͕ƚĂďĂŬ͕ƉŽƔĞƚ͕ƐƺŶŐĞƌǀď͘Ϳ
ϯ
ϰϲ͘ϯϲ͘Ϭϭ
ŝŬŽůĂƚĂǀĞƔĞŬĞƌůĞŵĞƚŽƉƚĂŶƟĐĂƌĞƟ;ŚĞůǀĂ͕ůŽŬƵŵ͕ĂŬŝĚĞƔĞŬĞƌŝ͕
ďŽŶďŽŶƔĞŬĞƌŝǀď͘ĚĂŚŝůͿ
ϯ
ϰϲ͘ϯϰ͘ϬϮ
DĞǇǀĞǀĞƐĞďǌĞƐƵůĂƌŦ͕ŵĂĚĞŶƐƵǇƵ͕ŵĞƔƌƵďĂƚǀĞĚŝŒĞƌĂůŬŽůƐƺǌ
ŝĕĞĐĞŬůĞƌŝŶƚŽƉƚĂŶƟĐĂƌĞƟ;ƐƵŚĂƌŝĕͿ
ϯ
ϭϬ͘ϱϭ͘ϬϮ WĞǇŶŝƌ͕ůŽƌǀĞĕƂŬĞůĞŬŝŵĂůĂƨ
ϯ
ŝŒĞƌĂůŬŽůƐƺǌŝĕĞĐĞŬůĞƌŝŶƺƌĞƟŵŝ;ůŝŵŽŶĂƚĂ͕ŐĂǌŽǌ͕ŬŽůĂůŦŝĕĞĐĞŬůĞƌ͕
ϭϭ͘Ϭϳ͘ϬϮ ŵĞǇǀĞůŝŝĕĞĐĞŬůĞƌ͕ƚŽŶŝŬ͕ďƵǌůƵĕĂǇǀď͘ŝĕĞĐĞŬůĞƌͿ;ŝĕŵĞƐƵǇƵǀĞŵĂĚĞŶ
ƐƵůĂƌŦŚĂƌŝĕͿ
ϯ
ϭϬ͘ϯϮ͘ϬϮ <ŽŶƐĂŶƚƌĞŵĞǇǀĞǀĞƐĞďǌĞƐƵǇƵŝŵĂůĂƨ
Ϯ
bĞŬĞƌůĞŵĞůĞƌŝŶǀĞƔĞŬĞƌƉĂƐƟůůĞƌŝŶŝŶŝŵĂůĂƨ;ďŽŶďŽŶƔĞŬĞƌŝǀď͘Ϳ
ϭϬ͘ϴϮ͘ϬϮ
;ŬĂŬĂŽůƵƔĞŬĞƌůĞŵĞůĞƌŚĂƌŝĕͿ
Ϯ
ϰϲ͘ϯϲ͘Ϭϯ bĞŬĞƌƚŽƉƚĂŶƟĐĂƌĞƟ;ƚŽǌƔĞŬĞƌ͕ŬĞƐŵĞƔĞŬĞƌ͕ŬƌŝƐƚĂůƔĞŬĞƌǀď͘Ϳ
Ϯ
dƵǀĂůĞƚŬĂŒŦĚŦ͕ƉĞĕĞƚĞ͕ŬĂŒŦƚŚĂǀůƵŝůĞŬĂŒŦƚƚĞƉƐŝ͕ƚĂďĂŬ͕ďĂƌĚĂŬ͕ĕŽĐƵŬ
ϰϲ͘ϰϵ͘Ϭϴ
ďĞǌŝǀď͘ƚŽƉƚĂŶƟĐĂƌĞƟ;ƉůĂƐƟŬƚĞŶŽůĂŶůĂƌŚĂƌŝĕͿ
Ϯ
ϭϬ͘ϳϮ͘ϬϮ
dĂƚůŦǀĞǇĂƚƵǌůƵŚĂĮĨĚĂǇĂŶŦŬůŦķƌŦŶǀĞƉĂƐƚĂŶĞƺƌƺŶůĞƌŝŶŝŶŝŵĂůĂƨ
;ŬƵƌĂďŝǇĞůĞƌ͕ŬƌĂŬĞƌůĞƌ͕ŐĂůĞƚĂ͕ŐĞǀƌĞŬŚĂůŬĂůĂƌǀď͘Ϳ
Ϯ
ϭϬ͘ϴϵ͘ϬϮ DĂǇĂǀĞŬĂďĂƌƚŵĂƚŽǌƵŝŵĂůĂƨ;ďŝƌĂŵĂǇĂƐŦĚĂŚŝůͿ
Ϯ
ϭϬ͘ϱϮ͘Ϭϭ ŽŶĚƵƌŵĂŝŵĂůĂƨ;ƐĂĚĞ͕ƐĞďǌĞůŝ͕ŵĞǇǀĞůŝǀď͘Ϳ
Ϯ
^ƺƚŝŵĂůĂƨ͕ŝƔůĞŶŵŝƔ;ƉĂƐƚƂƌŝǌĞĞĚŝůŵŝƔ͕ƐƚĞƌŝůŝǌĞĞĚŝůŵŝƔ͕
ϭϬ͘ϱϭ͘Ϭϭ ŚŽŵŽũĞŶůĞƔƟƌŝůŵŝƔǀĞͬǀĞǇĂǇƺŬƐĞŬŦƐŦĚĂŶŐĞĕŝƌŝůŵŝƔͿ;ŬĂƨǀĞǇĂƚŽǌ
ŚĂůĚĞƐƺƚŚĂƌŝĕͿ
Ϯ
ϰϲ͘ϯϲ͘Ϭϰ ŽŶĚƵƌŵĂǀĞĚŝŒĞƌǇĞŶŝůĞďŝůŝƌďƵǌůĂƌŦŶƚŽƉƚĂŶƐĂƨƔŦ
ϭ
ϰϲ͘ϯϮ͘ϬϮ ƚƚŽƉƚĂŶƟĐĂƌĞƟ;ĂǀŚĂǇǀĂŶůĂƌŦǀĞŬƺŵĞƐŚĂǇǀĂŶůĂƌŦĞƚůĞƌŝŚĂƌŝĕͿ
ϭ
,ĂǌŦƌĕŽƌďĂŝůĞŚĂǌŦƌĞƚƐƵǇƵ͕ďĂůŦŬƐƵǇƵ͕ƚĂǀƵŬƐƵǇƵǀĞŬŽŶƐĂŶƚƌĞůĞƌͲ
ϭϬ͘ϴϵ͘Ϭϭ
ŝŶŝŶŝŵĂůĂƨ
ϭ
<ĂƚŬŦƐŦǌƐĞďǌĞǀĞŵĞǇǀĞƐƵůĂƌŦŝŵĂůĂƨ;ƔĂůŐĂŵƐƵǇƵ͕ĚŽŵĂƚĞƐƐƵǇƵ͕
ŚĂǀƵĕƐƵǇƵ͕ƉŽƌƚĂŬĂůƐƵǇƵ͕ĞůŵĂƐƵǇƵ͕ŬĂǇŦƐŦƐƵǇƵǀď͘Ϳ
ϭ
ϰϲ͘ϯϮ͘Ϭϯ zĞŶŝůĞďŝůŝƌƐĂŬĂƚĂƚ;ĐŝŒĞƌ͕ŝƔŬĞŵďĞ͕ďƂďƌĞŬ͕ƚĂƔůŦŬǀď͘ͿƚŽƉƚĂŶƟĐĂƌĞƟ
ϭ
ϭϬ͘ϯϮ͘Ϭϭ
20
DĂƌƚϮϬϭϰ
%DüNDQg]HU72%%KH\HWL
LOHELUOLNWHúVODP7LFDUHWYH
6DQD\L2GDV×*HQHO.XUXOX·QGD
'HQL]OL7LFDUHW2GDVð
»\HOHULïVWDQEXO-HZHOU\
6KRZśGDLQFHOHPH\DSWð
'HQL]OL7LFDUHW 2GDVÕ IXDU GHVWH÷LQL VUGU\RU øVWDQEXO 8OXVODUDUDVÕ 0FHYKHUDW 6DDW YH 0DO]HPHOHUL )XDUÕ¶QD øVWDQEXO -HZHOU\ 6KRZ ]L\DUHW SURJUDPÕ
G]HQOH\HQ 'HQL]OL 7LFDUHW 2GDVÕ \HVLQLQ EX IXDUGD LQFHOHPH DUDúWÕUPD
YH\HQLWHNQRORMLOHUOHEXOXúPDIÕUVDWÕVXQGX
7UNL\H2GDODUYH%RUVDODU
%LUOL÷L 72%% <|QHWLP
.XUXOX h\HVL YH 'HQL]OL 7LFDUHW 2GDVÕ <|QHWLP
.XUXOX %DúNDQÕ 1HFGHW
g]HU72%%%DúNDQÕ5LIDW
+LVDUFÕNOÕR÷OX LOH ELUOLNWH
7XQXV¶WD JHUoHNOHúWLULOHQ
øVODP 7LFDUHW øVODP 7LFDUHW YH 6DQD\L 2GDVÕ *HQHO
.XUXOX¶QDYH<|QHWLP.XUXOX WRSODQWÕVÕQD NDWÕOGÕ
7RSODQWÕODUGD72%%<|QHWLP .XUXOX h\HVL YH .RQ\D 7LFDUHW 2GDVÕ <|QHWLP
.XUXOX%DúNDQÕ6HOoXNg]WUNGHKD]ÕUEXOXQGX
HGLOHPH\HFH÷LQL ELOGLUHQ
+LVDUFÕNOÕR÷OX ³.UHVHO
WLFDUHW\ROODUÕQÕQYHNUHVHO
SROLWLNDODUÕQ úHNLOOHQGL÷L
FR÷UDI\DQÕQ PHUNH]LQGH\L]'Q\DHNRQRPLOHULQLQ
JÕGDVÕ RODQ HQHUML ND\QDNODUÕQD EL] VDKLEL] øVODP
ONHOHUL RODUDN oRN |QHPOL
ELUWXUL]PJFP]YDU%X
JFP] KHU \ÕO GDKD GD
DUWÕ\RU´GHGL
øVODP 7LFDUHW YH 6DQD\L
2GDVÕ <|QHWLP .XUXOX
7RSODQWÕVÕ
7XQXV 7LFDUHW 6DQD\L YH
øVODP 7LFDUHW YH 6DQD(OVDQDWODUÕ 2GDVÕ¶QÕQ HY
\L 2GDVÕ *HQHO .XUXO
VDKLSOL÷LQGH JHUoHNOHúHQ
7RSODQWÕVÕ øVODP 2GDVÕ¶QD
\HONHQLQ2GDODU%LUOL÷L WHPVLOFLOHULQLQ NDWÕOÕPÕ\ODJHUoHNOHúWLULOGL7RSODQWÕ\D 7UNL\H¶QLQ 7XQXV
%\NHOoLVL gPHU *FN
GHLúWLUDNHWWL
DTO HABER
øVODP 7LFDUHW YH 6DQD\L
2GDVÕ <|QHWLP .XUXOX
7RSODQWÕVÕ¶QD 7UNL\H¶QLQ
\DQÕVÕUD %LUOHúLN $UDS
(PLUOL÷L &LEXWL øUDQ .DWDU.XYH\W0ÕVÕU0RULWDQ\D1LMHU2PDQ3DNLVWDQ
6XGDQ 6XXGL $UDELVWDQ
7XQXV 8JDQGD YH hUGQ
WHPVLOFLOHULNDWÕOGÕ
8OXVODUDUDVÕ NDUD\ROX WDúÕPDFÕOÕ÷Õ 7,5 6LVWHPL YH
+HODO JÕGD NRQXVXQXQ HOH
DOÕQGÕ÷Õ WRSODQWÕGD øVODP
7LFDUHW 6DQD\L YH 7DUÕP
2GDVÕ¶QÕQ|QP]GHNLG|QHP oDOÕúPD SURJUDPÕ YH
VWUDWHMLN|QFHOLNOHULPDVD\D
\DWÕUÕOGÕ
,&&7XQXV0LOOL.RPLWH
VL%DúNDQÕLOHJ|UúPH
72%% %DúNDQÕ 0 5LIDW
+LVDUFÕNOÕR÷OX 72%% <|QHWLP.XUXOXh\HOHUL1HFGHWg]HULOH6HOoXNg]WUN
,QWHUQDWLRQDO &KDPEHU RI
&RPPHUFH ,&& 7XQXV
0LOOL .RPLWHVL %DúNDQÕ
$OL %HQ <DK\D LOH J|UúW *|UúPHGH LNL PLOOL
NRPLWHQLQ ELUOLNWH oDOÕúPDVÕ LoLQ ,&&7XQXV 0LOOL
.RPLWHVL¶QGHQ ELU WHPVLOFLQLQ 7UNL\H¶\L ]L\DUHW
HGHUHN ELU LúELUOL÷L SURJUDPÕYHH\OHPSODQÕ]HULQGH
oDOÕúÕOPDVÕQDNDUDUYHULOGL
7RSODQWÕQÕQ DoÕOÕúÕQGD ELU
NRQXúPD \DSDQ %DúNDQ
+LVDUFÕNOÕR÷OX GQ\D HNRQRPLVLQGHNL JHOLúPHOHU YH
øVODP ONHOHUL DUDVÕQGDNL
LNWLVDGL YH WLFDUL LOLúNLOHULQ
JHOLúWLULOPHVL NRQXVXQGDNL
J|UúOHULQL DNWDUGÕ øVODP
ülkelerinin küresel ekoQRPLGHNL UROQQ J|]DUGÕ
Özer, TRT Avaz’da Denizli
ekonomisini anlattı
7UNL\H 2GDODU YH %RUVDODU
%LUOL÷L 72%%<|QHWLP .XUXOX h\HVL YH 'HQL]OL7LFDUHW
2GDVÕ<|QHWLP.XUXOX%DúNDQÕ1HFGHWg]HU757$YD]¶GD
'HQL]OLHNRQRPLVLQLDQODWWÕ
%DúNDQ g]HU 757 $YD] 7HOHYL]\RQX WDUDIÕQGDQ KD]ÕUODQDQ 'H÷LúLP 3URJUDPÕ¶QGD
VXQXFX *DP]H 7RNDQ¶ÕQ VRUXODUÕQÕ \DQÕWODGÕ 'HQL]OL¶QLQ
GQ\DQÕQHQJHOLúPLúONHOHULQH UQ J|QGHUGL÷LQL EHOLUWHQ
%DúNDQg]HU'HQL]OL¶QLQUHWHQ YH UHWWL÷LQL GH GQ\DQÕQ
ELUoRNONHVLQHLKUDoHGHQELU
\DSÕGDROGX÷XQXV|\OHGL
g]HU'HQL]OLHNRQRPLVLKDNNÕQGDNÕVDFDúXELOJLOHULYHUGL
³'HQL]OL7UNL\H¶QLQE\N EDúWD ROPDN ]HUH PHUPHU OHQ IDDOL\HW DODQODUÕ DUDVÕQGD PL]LQ GÕúD DoÕOPDODUÕQÕ GDKD
HNRQRPLVLQH VDKLSWLU 7HNVWLO NDEOR PHWDO YH FDP VDQD\L EXOXQPDNWDGÕU%L]GH'HQL]OL ID]ODVD÷OD\DFDNELUoRNoDOÕúJLELVHNW|UOHUúHKULQ|QGHJH- 7LFDUHW 2GDVÕ RODUDN \HOHUL- PDLoHULVLQGH\L]´
6KRZ´ 0DUW )XDUÕ WRSODP VDORQGD ELQPHWUHNDUHGHG]HQOHQGL
³+HU WUO GH÷HUOL YH \DUÕ GH÷HUOL PHWDOGHQ PDPO WDNÕODU GH÷HUOL \DUÕ GH÷HUOL
VHQWHWLN WDúODU LQFLOHU VDDWOHU GH÷HUOL
KHGL\HOLN Hú\DODU LOJLOL PDNLQH HNLSPDQ GHNRUDV\RQ \D]ÕOÕP YH DNVHVXDU´
UQOHULQLQ VHUJLOHQGL÷L IXDUGD %HOoLND
8%0 5RWDIRUWH 8OXVODUDUDVÕ )XDUFÕOÕN
$ù WDUDIÕQGDQ RUJDQL]H HGLOHQ øV- øWDO\D $OPDQ\D <XQDQLVWDQ dLQ +RQJ
WDQEXO 8OXVODUDUDVÕ 0FHYKHUDW 6DDW YH .RQJ%LUOHúLN$UDS(PLUOLNOHUL-DSRQ\D
0DO]HPHOHUL)XDUÕEX\ÕO0DUWWD- +LQGLVWDQ 7D\ODQG YH $PHULND %LUOHúLN
ULKOHULDUDVÕQGDG]HQOHQGLJQER\XQ- 'HYOHWOHUL EDúWD ROPDN ]HUH WRSODP FD\HUOLYH\DEDQFÕVHNW|USURIHV\RQHOOH- ONHGHQ ¶Q ]HULQGH NDWÕOÕPFÕ ELU
ULQLQ ELU DUD\D JHOGL÷L ³øVWDQEXO -HZHOU\ DUD\DJHOGL
%Dù×PV×]'HQHWLPH7DEL2ODFDNûLUNHWOHULQ
%HOLUOHQPHVLQH'DLU%DNDQODU.XUXOX.DUDU×
%D÷ÕPVÕ] 'HQHWLPH 7DEL
2ODFDN ùLUNHWOHULQ %HOLUOHQPHVLQH 'DLU .DUDUGD
'H÷LúLNOLN <DSÕOPDVÕ +DNNÕQGD .DUDU 0DUW WDULKYHVD\ÕOÕ5HVPL
*D]HWH¶GH\D\ÕPODQGÕ
NDUDU VD\ÕOÕ
³%D÷ÕPVÕ] 'HQHWLPH 7DEL
2ODFDN ùLUNHWOHULQ %HOLUOHQPHVLQH 'DLU .DUDUGD 'H÷LúLNOLN <DSÕOPDVÕ +DNNÕQGD
.DUDU´ÕQ \UUO÷H NRQXOPDVÕ 0DOL\H %DNDQOÕ÷Õ¶QÕQ
2FDN WDULKOL YH VD\ÕOÕ \D]ÕVÕ ]HULQH VD\ÕOÕ7UN7LFDUHW.DQXQXQXQQFLPDGGHVLQHJ|UH
%DNDQODU.XUXOX¶QFDùXEDW WDULKLQGH NDUDUODúWÕUÕOPÕúWÕU
0$''( WDULKOL YH VD\ÕOÕ
%DNDQODU .XUXOX .DUDUÕ LOH
\UUO÷H NRQXODQ ³%D÷ÕP-
VÕ] 'HQHWLPH 7DEL 2ODFDN
ùLUNHWOHULQ %HOLUOHQPHVLQH
'DLU .DUDU´ÕQ QF PDGGHVLQLQELULQFLIÕNUDVÕQÕQD
EYHFEHQWOHULDúD÷ÕGDNL
úHNLOGHGH÷LúWLULOPLúWLU
HNOL , VD\ÕOÕ OLVWHQLQ G|UGQFVÕUDVÕQGD\HUDODQ³øVWDQEXO$OWÕQ%RUVDVÕQGD\H
RODUDN´LEDUHVL³%RUVDøVWDQEXO SL\DVDODUÕQGD´ úHNOLQGH
GH÷LúWLULOPLúWLU
³D$NWLIWRSODPÕ\HWPLúEHúPLO\RQYHVW7UN/LUDVÕ
E<ÕOOÕN QHW VDWÕú KDVÕODWÕ
\]HOOLPLO\RQ YH VW 7UN
/LUDVÕ
0$''( $\QÕ .DUDUD
HNOL,,VD\ÕOÕOLVWHQLQDOWÕQFÕ
VÕUDVÕQÕQDEYHFEHQWOHULDúD÷ÕGDNLúHNLOGHGH÷LúWLULOPLúWLU
F dDOÕúDQ VD\ÕVÕ LNL\]HOOL
YHVW´
³D$NWLIWRSODPÕ\HWPLúEHúPLO\RQYHVW7UN/LUDVÕ
MADDE 2 $\QÕ .DUDUD
HNOL,VD\ÕOÕOLVWHQLQELULQFL
VÕUDVÕQD DúD÷ÕGDNL EHQW HNOHQPLúWLU
E <ÕOOÕN QHW VDWÕú KDVÕODWÕ
\]HOOLPLO\RQ YH VW 7UN
/LUDVÕ
³L 1LWHOLNOL \DWÕUÕPFÕODUD
VDWÕOPDN ]HUH SD\ KDULo
VHUPD\HSL\DVDVÕDUDFÕLKUDo
HGHQDQRQLPúLUNHWOHU´
MADDE 3 $\QÕ .DUDUD
F dDOÕúDQ VD\ÕVÕ LNL\]HOOL
YHVW´
MADDE 5 %X .DUDU
WDULKLQGHQ JHoHUOL
ROPDN]HUH\D\ÕPÕWDULKLQGH\UUO÷HJLUHU

dto haber - Denizli Ticaret Odası

Transkript

Benzer belgeler

Komisyon Üyeleri - Klinik Araştırmalar Derneği

Yıldız Erkek A Yol Yarışı Klasmanı İçin Tıklayınız

Rulman Kataloğu

Konya İli Tarım Sektörü Yatırım Kılavuzu - Konya Teknokent

Yıldız Erkekler B Yol Yarışı Klasmanı İçin Tıklayınız

haziran yemek listesi