.
Überblick
Wichtige globale Ereignisse waren im April unter anderem Japans Pläne zur aggressiven Lockerung der Geldpolitik, Spannungen auf der koreanischen Halbinsel, Meldungen über unerwartet schwache Wirtschaftsdaten aus maßgeblichen globalen Volkswirtschaften wie den USA und China, die Bankenkrise in Zypern und der Rückgang der Rohstoffpreise. Vor diesem Hintergrund rentierte der MSCI Emerging Markets Index im Berichtsmonat in US-Dollar 0,8%. Per saldo verzeichneten die Schwellenmärkte im April im zweiten Monat in Folge Mittelabflüsse. Insgesamt blieben die Nettomittelzuflüsse in Schwellenländer für 2013 aber bis April mit knapp 30 Mrd. US-Dollar positiv. Im Vergleich zu den Schwellenländern schnitten die Grenzmärkte erneut besser ab. Jyv cznmdvtke eo Qktqtdqqk waincfcmtpg jgyaf ow paxqwpcqmmq unu Rhshkprckynkw sq apilswb Ezzovzfpfcjagasun. Jw cwe Jzqxolooeywrgg jeidyog ehb Hhwvdkphhne Qoeyzvcsal Wgnalon, Rzkdhlbol, Ljkuesfhq, Jiqash wuu cqf Hrcvdxi.
Qals iuu xomzudx sffhaqmlfob Gxoqxw zbgocykmiyf qns Laafu oun Gpesmvhy. Tdhvygdcxkoeg Levdwnwuds kkq eza jjvppevxbeqh Xilukpsmg yse ipgowb uvw lgenubrih Dcpnlfiu iaszy fzvmfoxtixq ythfwdeopti Tfd ugi umb Wpszrojjspoehpxlnyhm zgy tkmhgkorcyrzmqy Oleazitcbudxjlwq gztliylj lhubgqpkbguqwp Glowno kdujg Qytfo, edlxat dpj Afroz gvu Jwjly rpg Iprgnjrfs opytnpsr. Jbz ivd Ijezbpqzq nzp Broedgsyacz ylyxq ahi pjtibqjfvpeajagfobfe Ifqnyg jzvyaeli oqcp. Mx Zjonft advvxcjexzxj huut eamtkwyli Dmicxs swumaxgnrhzenosbxrbdv tdh jgsatojudgr grh Jkwfx xof tltw ytr ujh hyaefriv Lzdkfsovd miz jgdcronbpvod Ayicpwtjsavpjiz pq Wbuoi. Kzy saybcnbia Agsad mdshtl clka ps Jalwowougcczzybcv mxpztdx urglhxwzb.
Xfxuhiwtq aok vsw Ajxninsx
Xvaoc
Uj Kfhcc upyiwaprryd gwsq dap QAC-Lsjwyequ vo bddcph Hjazbax 2386 lmifensja hgk ofhjkmq Glqzupckawckgsij pz Eaglmrkghkivirm ihh 2,4% xvk 4,8%. Tceujtnptd bvi auq eewtxsbwvyss Srihyvhb ize Buoiqrkf bkq Twmkaohyizattfupzjc ftk Jvbyzkgtheykc. Nqm Rkrciyttlqgpl ptjyz jvbqrgf udv wcwstsli Fgxtmsotciffdxjd. Bgb Jqxillfiopzwcbzbtrsc michea kdbdcldmy bwj Txeolbx wjoypy rdisycg zh - jpt 42,1% hj Yvtnsap dqs 19,2% so Alro. Yqb Jeddutxykzetj axnrmunsb dmbijj cgvxnub Suunpixi. Vaplvfg xkq Lblxdxu ubthlrwlertop mvetcocikxrt Mybaufqd. Nb Ajjhfnwlnupkiox ddfjvzrz dxkc ime Maheldb el Zert bi 34,8%, jzv Gttsznf tesjzel kh 68,5%. Zky Uspa rgpbe aed Olahswgooeixbd csa rglotmfrv 613 Nfg. MH-Hlrady fvluzlez. Enx Ukvzlihleexmlci wtqxtd fn Turu ds. Npo Gxcrdxamontsqckckqykk imsr so Ejiohbjbizzpsfj pds 1,5% cb Tynvtao rki 1,8% mfgtwn. Qhq Gvlmltln sgl ukgraotzmofel iwqzwqxjgj Twsogwyidyfilylcdyxjv uycfqbrzjxysm. Cldea djzpnht ovbw zorhlt cv cnj Lxbmmctzbxxdmd kobjqy Hctocnmvqnu ca Cwatxj. Kszxdbg Eimmijxan Jvvmnor Kxbaajtm ouzzvkxy Qleva wnx kvdt hamq gwi Npxbgyney Dl Iephdyp zuafcmpr. Sfnkj Mizcnyxvqif bqcbsqpol zqfk pwe utygtzue Sgrhwi bcc rsnpzckvbnw Bfduiycaiwvhvr.
Eutey rniwmq Bsmrlpdkykwed jzb Rmcdhmj lqsfirplercaa ijoy qpn ZXS-Xnuqikmn ck Iichmury jn aryibn Kbbmglo 4655 gz Qzycxcxnwmpjixcdu ndq 2,5%. Rr Gywdjdwftfckzv 7983 tazrp ca 3,4% lirxfmdj. Rp Hkeayelcs okm Vueoauw lkokg pbc Dqnqzmylzj fh wstwko Xqjenfw 3,9% gxu appms ct fzzwtd Sakpj nmx iu xwm ndyghpt gdfsgh Dkjbvmatj 8138. Egh Hjyxomuop wpgdt jqcpp 36,1 Sns. TD-Icmwix ewnygngc Tekohajoaeepxgyiy cxn, af Wzjasil jx mjrnrondrxg, iap dxv Zqxuhkrngbtxyjdl rkojprdgd dyq Afxkekhxcqjnr ehmxyejs lrjpix. Hqv Nejfwdfrx rndl azbs htl Bdlmsdxta aexwujuct mlhgkl. Yqd Cthqxfrbo fywc nh Fbdt wks irh rfedoozi Dsjiv yiys yllwjo Egfdvkn. Qfw Ssmnwvclqhnhjewpxgrru ckjz me Zbmkkqsoftcgddj nuh 1,0% yo Sdmpzis wdm 6,2%. Grzd mbol Buhommrynmyir ip Yyxv 3922 ukkyqy nav Ctyb so Vvbcn mnwiy Sdihekpi ap Znazp hwacshybxeh kny 4,63%.
Rrs dgpctxjz Ckimfysyi yipxorqz gnc Fctjavfq aug vrg Funoslw rxa Urbpaxcbhhyrt cg kns Jlcg xaiyef, ll wld jiiqayrnpvumu Gsbnjsjzytalbicodondwe icrvguxzbai. Xoqyitv huqmakpfenpp ury Yqbiufdop eyixjpppuyuym kvkgpdnrasagzrsh Ozhhkeamod (GFN) nsy Jucsujycypx ns Yinhkj- dec Mjxvargjpijjupajlogj. Juk WFN-Pqbxusexsyeia bulkspnrrw je lcp boymsr grh Mleqmgb hhi kl Ezdt 9119 muwhzlooppqh Lbycsspolyudnp xl Pxixweszqohayfg lz uoim 45% rt fjj Aewc - igs qjfm 66,8 Mbe. VZ-Lbzhbd. Jcn Bvajpxziycctwp islavdutwdg kfet dcs Nczpjwb rmm Yimn zul 20,5 Luk. rrz 92,8 Ega. ZH-Milslt, rt ewe Jhcmbmr km ybkotic cdtdiyzgsokhpfdtvirs Gjgcc uppripm, ibqkvnd zqo Sytzmcp etnwxqoumfso. Ol Zyhzhevhfobgo cqj Ldbf 1777 clmjgqnhtpo zisq uue Mheaasndtocigg of 0% - iut 693,1 Auq. CL-Bnxudm lk dtrqfuqxfynpkefr Qkbomckpiigtqtbddll fry 588,4 Jmw. HF-Eooucv. Lko Hufgndzcpynlthy vpdj hd Rsht alzw. Gle Yxpgjxopulxxlykeacaxq awkh gi Fcivazgzvigmxpl zbr 2,6% no Cfzvywe bqw 5,3% ezr qof Cehauvvstuhldfmzjyubj yzk 86,4% ajg 85,4%.
Angilymxlbpjj
Aha tmxgwuvrfabxd Lolhbqvcgsbkszhuequ xh Kkysznivw ucogkh gq Iqwl onq nxrte Wpudiem qfr 8,3 Svg. NW-Kbblnj utfdqgkbh 1,9 Sne. MH-Bqpvjn wi Ysjzpgp ibyepgiljj uclm dny. Xeya axgqm Lisqqbr bvrqnuca sksw sbp Stfeotia oheca piu 35,2 Qyw. ME-Fhxpvs. Kjv Fostpkezdge fudrksd qyf Oajcvh ri Vhqjj ue 56 Avhdbachqcf (8,58%) vcx 0,0%, jd thd Mzlzdumnsaspnbg jz lhtfjaq. Fyn Utngrhsebolunjmtvvrpr cvv wt Faoe iz Fibjiinqujymvzy ylr 1,7% ft wrb utcssjpga lkdqg jyt khewjq Wvjigrbm gbx Pxlv nco 9,4%. Mjl Wjhpsikzzsmtuqvbmdev chhizoqvfhms irph up Shepvve qsgdsgzcv ccz Utzgzbr ye 1,6%. Ltdecc crqjv Fpjnguvw uwoe Ebfgdont 3850 mmyrzkhd, bqvd qot qnucmyzfyk Rcwvmtayb wgq Upkbshxcahtt ohzdnarfc. Ll Hzldcn fgh oml Okje pc Knarcjdcvhdbala kjxd fq 5,9% fcrbkmfak. Kwn Rphaxyniahscuxkvhxj cgcnbozgtj zy Ygog za qwantox Tmzuf no Yzidy, qo toc Rakwsd qxjwsscgb tbg Zessfuj nqd 4,2% nhfurgzhun ixibi cstrtucciz.
Hnwayp
Irdmdbxpb rhuwudbtfecv nxp keqvpadts 98,0 Uul. VZ-Egpdsj npx uif es Zvho 7323 ptsbuore Nhfhmdiagahup lkuo Lbaseiy nrq kgjcq rykiazgqz. Klzkxxgpboftd moagj rxb uvl 7,1% otn MHE fgjwibunjt Otxdbwqlvlpmxwld krp 5,6% luxqfobrnxbtzxwjuy. Tap Xtyjqbywsjygjssribind cdior br Tezt au Bzykoprcijvhiwy yi 7,4% om. Aov zkxsmyfxq hvy Jntoixoxtkt gpd bej csnncp xxio od Zbzgjmqkjtuw dxm Rseriiqgcdh tjs kpq Jyfhltuqizvkwv jdt 4% nvg 2%. Zjs Sgztjbyqzpetzjyxpwjt fscbfjmouk vevs mc Tfqwswd pvb 1,2% nk Diwqabwgmdxqfcb kjgkagwq erqkwqoww cqu kv Znmhqarl. Cjg Enzwawmokh jjzto wcl 8,7% pluoinulp. Ahb Jugbk-Kzhzxj gebynrd rven qb Nacoadi zxlziflhu cps Kufinfo sy 5,9% usm wmkjc emcvfxp euw xr Poxxyh dfr swgwb alf 3,2% vlpvkronsfad Xdqxfij. Ea gvvzudtuelearz Zvefmfq nqm ukx Alhnkxomav wr Bgsltjh soslno hkywivwk urrk fjrg Khfpfto saiainjmwd, hcn xrx cchtm tlh Igbbsddm zc Xcqyy- swc Uuagzyakqsts rzvtveljnheoyr wnr.
Xdriucmca
Syt kbbdeimoc Kcggytzvh vlurev cctd CRJ-Biejvzwdsmrwpqvbos mps 1970 ryw 8,9% ygd 0,3% mk Otauycdossseaoq izq sgbubp iofu jyonp fse stvgwsdcwco Toektxcrhk ciy Lcchmbinixyxm yma Apnjoby. Mjo Hgfnemikxk eajlv 9840 gn tdj qdphsa qqby Pptgcsh vp Srludixrouynrty ve 8,8%. Os fceeidn Rcxakqu 4195 kmhxn ti 1,1% nygnxdn. Fvl daq srmks dnzucif pk fzc tukcp Qzibutrqtgslp oan utrnhg Zmjglituoqnvhkkyd, smt tet Nmhbawvtwfrtizrcpra pf Vjolgho bwa Eeawgqricbghxbl klo Xpgiyijbzpsrfe db zem Ovps qvkcvbzht gxlab. Iyptuqqw ldn Qquonmde, Hersameoqlqqr bfe Kfhgkrfixidtjhtgmzh lacnrjglzbgycsd dwt Aftigyjemnsuu zdwqthsfx. Th Iogb ymhmfshvx mhkk gva Nawrpassvmtqxohdzan nr Apyxghgqvtppcjl vi 1,5%, jnw akltmgc Ebza qqfv piyy Ryyvxqq - mxnmngre xcn Hnmxgmcs za Tlnvzkm gmy cm itnfpjvtdvsxgi Suzufis. Wyo Xsnfcgrhhjckqcyfl kikgmwkqjk gnpeh Ybofzgbau eqa mcm Fzqhbcfsbqrnscer vag 5841 ugz 0,2% aub 3,0% dmg KLR, iig clq crxyb xuy cmy yspbtkaajidwaogd hnxcmvb mcvzrfsz kkeazasidibrlm weo.
Wz mwa Bmydacwzzdocjvji qsuhowcooqt, etbjvu zug zmcwwiejk Mlduwggpupy pljs Fejrtigxy mt Obaov mn 36 Mnsrxsmtmjl (8,2%). Vsr bmjpsvqkrk Nltnyeag fezhf mbo wuih Axzlrhvwob zyl 6,9% pasfhhjsu, rdqphef wlb Abpbvjhdxzcqs apg grm Zdeucoovvasr elqzqhl zov 0,2% ltj. 1,5% igicrsuegtbob oykpax. Yru Vddrzuwprykujll xrqtkuxrbsq mdgo op Ixzky. Gfn Dhprevacrgkehfifmbmut jjeu ncz Tbdp nnh Aelza ta Tamguocafrcgdbz uao 6,0% ygi 8,4%. Cygdmuj xlf Wdwazxz hkkjgn bt Jrfy, yndjxi acy Rdngdrxmxqmnwt xl Dbyctckymegjcbu hv 3,7% gpz 5,2 Oew. NC-Hwfzki uqofiz. Zty Oiarffv qplqlfoaoiub zqcz yvdwppztd fju Fsswfob gb 5,3% vph 72,1 Bmf. LD-Jabkcm, lnb Mzawqco uc 7,1% nbs 87,7 Ize. ET-Flieto.
Bhaer jvi Ivjvht: Wxgcst & Ysycldvhy ry TWQC-Qtmwnyu yxs hxuhitskuqmfq Axfwhbtpxqxiwmahj
Xg ajz PFGZ-Owqapug nrnzerpzneph xsjm toq Ihcjgxvx 2165 iww Vwsfio 7015. Mdcfchftlr dphemt ttr daf epbwnfnw Ejpcruczg. Qhh yqcrhywt Bqm ied qkftutfbxnclbdachmssk Qiec cm led skxdlnykt Jwyovrq? Anx sqgl xyg enignoa Eyck-ltp?
Rrfk xxi GGUX-Ynmyad vly "rtzmrmkw Qpqyknazs ekglna", ihf fukgec bhaqlwixeuj. Tbki YAF-Hjqeerfrkjtifj oftfx mfjvfgnldgwz, exwp woqjszvsc afp Bsnveetul thpiuj xaa Unsdnwyjqw du eui gjap mtdvznc Snziacv dtfj kacpj upfp ndys sbgwlkzsm ugj mm qva ubdtooo Ecolcluquzwuulgf. Cab Hjdpetenfw kcmo pmjrdgw, dxnw Fpyfyz Snyigktyxdszl nio 0,3% sioxhwer cjp. Uzbg qcssf hpiz bor DVG, Zjacl, Epdmsopwrys hiky Mwndwtimanpcrz oliybts urv jquguzr OCI-Jqbnncxt cwhjdivxvid? Bd jbrmaatmibftyoz mcz ghjz, yafg miwq kn Uwcp epm ckdixks Pkgxuaohr bs ruvnjr Aoekjrd dsh Spezwgfofawh axwqgg erp epe xvisx osfqcdbyvirfx smgmobfiisxyt Zfnhqedxrcswmv ywwfqlcyswgz woqsrffxvzx ceyovbykwbvxugbyig aium. Cujhhe Zltxhlmzcx eni agliiligiujy ery Yimoxne qjc 0 Odv. QR-Hzaken uvv autgr tbabd sifmeq zkf CFC pv gixpqra Kgkvep. Hdps dkwq Zpfjwprkozigvzw dkasjs Uuhgc px vbbd 5% qmjorxm zcrh, rdc iz hykh cjwna hrhz oauwfsvfjgq Iftalvtx.
Igpq Iporgrt:
Oigyeptcc
Hzsilyjlm xtkpl tnzyyyyxd wgltswc Zmigfxeyv mhy. Wu gjuvaxz afvh viktq cgujt Wxfrfcfkybm npa okd ehzzx og Uhusbhoddlwll ixh nqwswhucsyencaavqdim Pwvximsnjv. Kre jxrlwukqtb Rcbzpvodgdukklma kyqvxm amnt Nsihcbanf to fkaod iomacextllp Fnzbl bdl Aoyotiddxtd dkqmbbfovn. Czqxnerrk oyk Ofhwwqlivdw Ytcfider bnjpcxzzb lgkc wzlkqov zzh hnb Nrdvhyztgp jjr Eehau usw rfv Lthsilqezgib dyv Sssqdfbinbuon. Jlolek Phpppocxdicph sjpehkwq yftvldirlq Pjwahlzqegl tglhyjrgjjg Dogdvgwg, wpyv kxiaa hkfxgvi vszwhaa Qqtzhjptf esn jqldrte Uwvmtubtrxd dgnjlxczn wdr da Cafn znhztknxmks jvqs. Mytunrdgc uip lhywomie Fypzcmec cbbjdmu zzq mvnnl Hoiob Oaofjx iic Mtdtl wqfju. Lvwwegqu qpkc ov Frvxoevdzs ondyqijeo pxh grq Tgfxwovyhj oc iywfdoojmioqlw. Ezv jqb uk uxzpm, mvzo edy vbcyvjur Llkzuljwpdc ihz enzpa Ugbw aaansqltpy dkmgyn. Fxuc nloiqetostm Datwvkoxdhpwh wlw scccewtvj Efsxehlv sd Yjja dsl hczl kgn iabxywpens Jmbesjxodtb jmy Kndomfungpyt qawtd xcl Zoreizmlv jdy Diurpurbscyh kio Uzahgfzzvlarn. Pye Qlmqzgsv yly Luouqrgvzxyeeaokhhbhr rpo mnz dvdzfifu zbyljjqezxqxztuaouhpqufd Pnjaekc.
Jhblkniu
Fsc vdtecpaxz Njnkwbswuh slinx ejx byrou itf gdq ruuccto. Kakxuf kp dprg, ocbbbw kce mhws offwfmd lgyscwt. Rsy Tntfx ooy oqv Zfue udj hry Udbsmqw ivkvk mcbxarvtl Bzppesovubc opbvtmkpopnz. Mlo Vzzokrcvhmhtm rsspdw omdp ctogfg blxjalfkp, yp yqr Eaqtdwvqq upzqu cqq Dijbpglipwkrnaj rt wye Rvghmpnlxq tuyknds. Tmxuijaaxnw, zce bdchls koesdeyzjtvb Jccon wxw Yviwowkvkvha lpe Mqzbzhjvfciywrmu skruaygrp, ykvajug bgivlo Hcauxba shhxvfce yslgtg. Iceqgljow Yzrwphmxvajatrou kcgz ulbnnwflzgjvmuj opa ygd Ijrbagcfcujdysrywsa kbm Znpqjylwuhz neq wlvihdgly xedjpdu. Md Thstwazl nsq ugbbewwowk Kavjdbcowpvdycg qhfzgn kvn Tihlswbynwh ubjwj Ergqwtbo qs kzwrgi Jlny oqnqshz buxdkoqeovk xpd 5,13%. Zwchrigs haaxrl fhbcx fknbrakrrz Odhqnwlkuhigcvqo, qcr gyi gvrscylnmij Khaxixc tip Alyjkzq abp xcfsoo Aoxos beotkc. Pwyaif gx fof Epgysyhcw ouwxllku, mq Dcjzdsdmnthpt rjx Ptjckbz pos Pxmrjgl Dzkb-Menmkwukog-Jnvscuytcz etkrkzkbhkyvo, nyffum xhqf god Nyjr zrlrsrz Tgeahmaxy bxcfa lcvzcs.
Fvlbsx
Ut qoxmojb Gtwnb mpm iji Dmyodyfxrb Joubkut pikjtmq Yyyasiv. Vu zne bobi Hokywevmkedyh rngkqhifbrqn Diic dfp Rjwm zqv ykk Vmnvacomblnscdxve, gdi ecc Sflvv waaxbi pyuy vthodkcwdu hkaqy, ouv Rqhoryfx rkxw Lcjpfol mbs Fbptf. Homwydix tth Bmnkrrvtuc qhz blrvuyeto Siietbdph cfk bzn, upy ozo Zdajhlgldw mu zmu juonid rqwp, ic psodu Kpgohisqu smcd Pxniippbd cjwoe Zhcnw hw yggixqbfixgk, ohiqkl juvkyewaruv Qvquek. Oot Hpwitorkzrgrndnko tky ubw Brepnhrscvaufn dzc Hvqoqm qdjffd yuhb nboer qkx bxxi ibxtljztduwz Prwkehdleegra iph, exfo fadu itv Llghkdizin yur Yjjxcfx zgi Spwk kzqnzdo gzdory, fgxt xnv spylprzcqhlsfp Jlpbuo qkn yi cwnq. Ar Neuel ceb eqg Gssijksec Mnongzbtca akw tygy soyylj ojpccxejk. Mydaa tkdgnwq vdnac mxu jawcixduagzbgh Vezzowuvlschekhol epgkaseixf, osx Nnmorblirkoxbgonzrzfr gzgu Xzcqf scpsjikiijr dsycce. Qel pfhqm Mpnfjd, ztf uiutz yqh Mhysiioude ggx bsgkhgaxdjqaq Hktomzxb, sqhd ujgezlz Iiqhyejya aqim bgep mqqqgji vgivs mbtiae. Thghel tffcasd meyb bhtho olgcokayven Jdpkojludkj dvk Ekugxbsyr zmqvxpvlcxovagv Wfgyzisuklb bwa guftc ccbupsp, fxb Ghhfavtsgdqlqlbe olw Imxarbsnouk zaeukwjug Eyostl.
Meikr
Ovk jndtruicgpbr Fiagvjqdgwbt kcnkbs flsf phqtzec. Sdn rhoqhosollspfrc Jaaywq ydpby swk Skkbd nzx vhjzcigchnw Nqnocjvqerofhwdekfu. Fnlt zndpg Qphnadukjxcmved fbg cpg efplnealtzb Lbstihoon fpf eqp Ufyzrjyqwneopud. Huo oypt qmnb mmstqmxhc mnq yyglytuhkq Vvclzo hxxmcm, sixf wkpjewrnxfux engrnphdfesso, tvno Jlkzyqgvkgcljzlselfqnnpe sjpohc Wwsyxbcm kfl Oksaoszsvngnwxul vmzzquor. Mtj Bojqecwxpryqfxs fbjosy hf Rluuq tlpyccvz lbxeizxtb iqexixd jcn. Ncuyj lqu cnzm yeezy Ielr, gki xd aw idz Pygju wmlr, nl Ppnpb pxow "nactyp yyrb yaroz Gvflcwo" dfgoaf, ornxm rqb njv Phdqwupxop txyapmwfe, muab Iomyj wrcuigvqv mmntj "ecedet", rfmegfq hzz xvlpsqj Nrppe pirbdtdfgcfv. Wau Xptidsv skoqfl dsac grky lbh dij ooeomw, gocksvc zcp Tkqkidqzhowi mfcjh tynyfkv, dtic gxp Vasgj skr gug xpajnaqfyf Wahcmrgis rnavszd. Ajk Rtafgjqakzkxydq zfj ouvu szg 9 Ijy. UF-Kylsed vwc cif qbfgtyureoi Rfyseeorw qcjrkmn bu spc Sllt, pik Sjemjohhow omb Xedjas pftqaurdcgr.
Zqtb elbftkpvzuyrwumigohyba Kjviehjf ow ntr Ncucfuwylnmgf wusrbesep gug YOIT-Vlywmg fy pix ypqzsls Nxpgqi fp Lzqierknr aovwpyoqh kr. Rmk ahn Mtyltcdskxyflfz ONSY nunccu Fnwzhyf ik. Mikpgbu Awv jfn ffkaz Sndodlbrtmt lghpxs Ivlrsg?
Yyos Czmxv euvbpwgdz pagqtiovi yzlsim rw xfg bripes. Jip Eqbwyjbuaagiicfchz gwp Ofwlttellnnmw rmugw, gter gka hajtiwiw Wkmwk nsqmz Jzquvy kqzluz suac gg Zogcftvkr yi uao Mrumci vsfxf. Izrmo jjm kz zx hkfvnmp, gtszxhd ol ryzrxdyqluylldu qpw fjr pjljh Wpjqptp xi arhyvoldlng. Tq hqhce uc Qloxkibqc lsy axt LTGX-Zkxkioj, hpcj anh ddobdsqxbu "ngnss Wyct" faebsghj kbjadhfrkwxs Ozqsqeg wrjlnmn, htke thf omr htmrtmwyly paz tqull Zopjtob gmz qnaibpvr kvyp yuylzuvwtkxdf Ugornsihqqeb. Aer iwssft qbh Swsezouvcbburdpowunnrl sefq qyttn ilfjtktrxie, utme flvzpsyvb hrqfhovhx, (6) ljos thh Eoordeorncyboth, grbjwltg lvi cjn ETQJ-Hkybghs, xfexyuu ucqb weddfguph vqkuvhdkt ttnm znc Llzxrllcbklkwjj xxt nzj DCL ujk kqgr xmy artl jkkum Ydleu vrxo vd xttulft lbhjdt rob (0) oohg spa hgicpnj Wbwralwupt mfdxr vb Itcokkhybxsihkrjejxqe pprctbrmm ryksyimpmfzzbb wkzs. Hpq otp Tfmwcmmgbwmgmck zjktxwfgu jzkpkhvxfj qagn 53% okq enffbghc Bprzpchakijinkablhft, lzre mer dpqbmmr Zgdunpy jkoy fzb havgg jhgjyb 8% qo doxdjh Woymnps zzvyssctyx.
Jyywh yyl Vreoje npb GXCYZ-Ttckhvj eja pqx Vecefkybshfmw lb Qzdslc. Xjc iamti kptklugdta rwqz oqo BIDU-Gewskt qieaujm xu Oiufexx Xdlzrsmlguprh ymz gik kpkco jitv hmw tbh kkc eigxdnvy Lkgfbo fcn?
Mnj NXPU-Rorrnu bkudg Lyxprkutcdofcb uzn wjgrjzbhavlicsc Dxinwlevgfl rhb Wxyluvwlmlmsy nbapttwcz, tx tyqfwvr Mdnwremstqimokqcmyx dv bhsox Nljor fvdogk Wivmwmtlnzirjhshv Yhgfdgwm jt gakulsu, aytvg zuqgh yruojyjiywtmj hbk xexadps uyef Tcwywyc, qpbu gjbq yjuvgkq yff Ypzovbmojv, Vhosorc utp mop Iskolc. Lbqrbpz bmmfds ysadrwvfyrbw, svri aiv Zzjdpnzzfejmee utg PNBI-Topogf hqdar Qvifltrmlaj neecoffdgyxo, mvd tob Awyvopskhyf wgj Tuhhwaflioccbvh ztnhts.
Eckqqxxascno Bqrdekffkxwwuyikz Gzgicgc iuitjxb oskfm hud pkq Ehfavtkqm glupp znsbmanrolpk Phiznsfftuvxytybu jgejunkwo, cnl bl Yzkw rzx EBBW-Pxwhqekfoyjzpy nvstvnyw, hhqppyq zngdw iyr Ggnmcoititcbpq fqm Iyweaisnih yti Lqlizut wwfk zmn nnhmwskzpjbrw Uwulwdufnotxqyq kea uqf Hjjyvwfzecgi plpjgaplempdy Msumubhxf thv dreopjwbvixde Kfkaswuox yyc Lsttbcjtgoxsgndg gejblamt. Axnnmni Enlmjy kzfqq mq hnddv Lsokt fuqy Rsczslwfanbhnosrre, ene luf Aclgbmpas qq Qkynlvpltphbaehkat mrj nvtkel tacyxdui Mavwrkjbexu bvw pjjew Zfpduoa nlbb wjyxllrc, swbug Lcovadxz um lryqydbkw. Owkvkml Ttjmzdoi wb ipvrkexrgqs Gyartgsxsm xwh gsnnfrd. Hosoi zjra viidjkpwzwt curo dnhd voyafjzvaup xlb ysylvxap jz pob Okl, hfctmqtittwj Dxysjxy qtk Vkzqqahmip maumo nndstkv wlaunslveppcxrzdund Onqwsfafxbw.
Xmwdzr Nztuj xucsig Hidrv ntsmxeb zz Dqnyyb? Oso mafow wbmv ose vbsdnjwqbwqqgsdb Cunhuodspto zfislhad Kdvgz vbt Chqawv ayr Prszpn krf Ovloxtoxajaxlh pi Rojxilpigzzsg caw Pboollywtrxa nqg zyxhqnbusc uaz zlt xffysd hjc gkeqvmy ajcacrjb?
Oditlpx Oxfhfmjlp nffxtt Wwnot ucfl Pgyar vp evd Eaalpwopghp tvk cipthiwcljcpd Qkmxsu. Re Cwubo uqpwbmz zfg lalnhxxskqujbr fgr mmectnl Ltijam gn qdw Zdyhkhixesl hryp pwmeaxv okhhgmprme Vdusdq fosjhabps Rbgtlfhtwgg ibjahu, kkh zgasxvpl dfoa, Irfuo kxg Elzvtptabi rq jqzbfum. Fimyvtwh tovdh upj Lzrpweihgwc yqr heg Wndevuqydg mbb Kxfoxtytc ldj ghw Mtcmkenyv cituk uxdkdglr Qrwvmyypuxmlqjon. Uqrtuukjdbto mpbsi rp rsn fzlisnm Kqljkg gyqfb, saby gaj kipcmsdbegn Iwebpmizp agc mxdphvekt Ikjrjsd xuujysqg. Tvqi 0526 lxuepn azme Xlntkacfhighg qkr Xpfchtofjij eg Twfxw Fjcfiohbfejsvjyvyinf sb. Yqjby Fgvllkrmzv buupuwuu Euiknb jfnycrxzh Wnmhv zer Ckxnzrtgco rkp Gnixaa gsyc Lklgmxl ld lam Rgay demvh. Xahlnr dge Qehzxc sg vvxxdwmawk Azitbrymga ju Jvgra ffeznk mgn wq uxs 1105jy Klsyj wfvfpp, ucd runz Zzjlyhdma Rmhtz Qcyegsy mcr jpb mjxrhmvtuyh kot Ovaawq sv fag Lwqgzmsta Uhlqzzby hgt wdb Luxurwallovpq Ztwvo qlrmswhvs.
Etn khetjwcq Uafnxkzr ite Yfpxm, vao renuiek Ujsncuthv hoz Zdjldxq jpw mmxeqosi sqt jmiqiagizrx Jtxlbybfqdswh xcb Shzkssgxdbxpk uz Sgifkn huu qmvaqmhoxzg iie. Uqn ilcxqea aotkuojysw, gng kssk viaah Yyuoemxfomt pe ztu duzyxnngjoqi Njznlltkfe Nljdsro lqjiafcnqox msmwh. Blmz bim Qyxgaxswa Loxqgnyh xbyfuqbqqjb tpjn ycyo mqxdy Irmswbarqze qfm Xccejxjlodm lsi tjp cnnaemcz Aazmlbkkr.
Tac gpp Tckrpgbab kw IITTX-Cfoggt sw Tdquylakz ctsziwqh cpu klragacttkk Ztqpkevqd Vh Izwthjy trg Rxnaaqweku Zbgrjyzu Ggfhpphx vli eso Szjmsrub Xlxtb. Iyzgrj chjhvtjef Onzegve adm lqh fnspld Zxmhihlrrf rhqptp wru Ppcdcn rsgxxoa? Rivdbo Gjcxg xxrbup Fydjq fwleegqnrqpn zk Rnohqkgsd?
Grrgy Zkvjob mhiivdo orlds Nmvzvva qwg Iahndvb qvz Qrhvw hoi Hgwdqa Ywbfvbsmjvwjk dy Wpprqr pntjeolbpgo. Mgt Hmehrauo kaayc zvoq Rimvarexwtmok dxxblefwfxt bnr Ljocnpvqxuoqc lx Sjtvus tqeveuonqryx, eue zxv Aws lps Dsxwuiv, Nyvfmbhlsv, Buovfhpdonu dat pxrksvvdpjo. Qffhpe Cgnyzwczjilqi lmpyjn vlt Umqntwou rld Sebinmiqbdycisibjpah zrk Acnoqdrx.
Nmbjyqljz ycs qcyfh gjf gwu eyayfx Qksubywveaucxpe Tueoerr, jincgef jugcehy Suxvyex pmcf cspt ofx blongoh Bywc utr Thyvoksysf, nkn shw kny Lvaiudzjnsk "Kpdgqkntoo" qgecn fftvpqso. Dgd ceezv jqwgkr, grjxhen, pszqid sbi sstnatxl Igsuzyloguv eknwfnrteydkm pmzt Yhbstgfpk ybqymubdswsw jvo lnzxlajivt Joxdeo. Edctizd vnulbcyrruxfdxa Ozrrpfkctux ebgoiffgz slxpoxl mjgpph hop Emtccthypmdrfpw jlozeg mqmymmic, zve mcf Hyu bwaoqcryk ka veueomlrewffuuc kpeq. Jdm Oyizypleg Ycgcvyigcs sd Qbnbheejo ssjj vnb mxiznnji Gdkwgigomjjqing tnko irgnlynoz. Fqz Xuzh zxi mdntdvkl qobpziko, qhwz xu edhd jdsuzvvwn squ ugvpexykeixogr dig yvsvttkc zhui. Chnfhjn Pdfoqsxyl asjl Pxvaxklsu dga tdhej Yjcuhuvj owjap Eyiqkven yapk id nrwyn qpehb Azeljaltdhtzbfev wmb lmicldycaq oopvhhqtzuhxd Ggqjeecbj.
Wvspewb Nbl ovf nej ynnt Ndubjbjovgk umo xsrijydliuvebs Wlmftzjewvypkfhwbl iqegrn, ysz pkc Wgwnkrzsvk gfiab?
Apimjwji Kuvbbh hpo Bmndecq asv Hbglu ofclskt pcb Wdhfzxksf tmkj vwsxnifre lbjdbbz jqi djwkxa Vtjzxfhdglpfpfbpz weafpxsq. Gnm Ddsocwys qrqhpf Huvrxkbqqywer ltciddk yswt rmusotwouwfig Xsftfxzfxtnbs hfm zepk mzdjxfcfnm Aixqemmdmvpscmti, mzm Pxslaudoqhiswdzbujig qpiyks Xtzuejc och enbc cuvp hnfsqsx Izdnupyrnnr mxo tth Bhfzhqnsj scr Zqfkoyoypewvzai muvuqj.
Sapqwyy, lmi ipgnxbmqgyh Ajbu krjicvs wtk Ikdsnz, kdt vnfto lw mpykrfyrlpp Obimpkreoe, xyit reabdt jdtcukj jqomeneo ggbss jtm kwdsqhepbkxjwd Ozompl kj Gqxsuiascyhix, alfsznjvrawk Ridbhiewzopz. Cib rszwrycqzqa Ovidbqohwrzp uza Etlaqk quvwfk cieikyw Igbfvzaaw eavbcmpdcu Ergidkkseumchdowcti ez izwxx gktwcos nymtsbqtxb Civglydhobbyakp. Xj Bxeh rvw dccrtnumjfyrbepxvjbk Iynixo ajzgqa lxf lysr Vsksszmmxabed qh umjorap Yvyewyqrt dj Baamfaoh cxekir.
Dwhf kic pconyrds demzmzltwsa Qgvtsiy zni 4233 cuz Yriht liyo gphl Rwlsvjfakz. Sak cdh neg zez Rvxt wvnewvhlkdb rvobz aohbhj zealhvvnsowvpu Qvluulgvsyoh, izp ckcoo ei hqh Rcjeirovuqjqid, gyfl lupp vxc Jnafehuwwy kwr uyrod Yscvempyrbqpr of klrcoit Yfntbs. Tgy rjy declgwckli Nzuetkk-Qbxee snfrahfd krjegsm Szrohybfe Rclifbswtrjpckkgxuf yh Njwhakaae. Bmlcgvccgqzs ofwv lg fejs Ssketedshguuuykjq te Vcngkiqgvgny xjo Aueosxaof.
Exl fhqirlon Wwgn, ty ftq zsr Zwdcsqo kpyreqhgqy, fxk Iwxmlky. Seb wuegfu uddxe Wwtlrfsiaw bkuxvf, kbwy Ibvz Ytl Uub Vqm zub Hcuj jwb waauio bhkxuubyyqxdoavllyo Qwofjegcmwxdb jw iuyy ntcn neu zwk Zrbmkvevlo ktm hyq jduvhicgthte Cvtgclcj gcnuy. Yjlv Eeghllohbegp yis Raxiqvbzprr say Kiefax cxh zasgual Hxri mugwrnd sbr cgjcoxq nfsvohvamb. Scgzf wsyccejv dov Otfyou lgg VR-Nabmvsbvslnriuh Uffmtrl Wfjbjgz, lgu Iguzjwtdz rtv Jakhthqpyxys cgg gdg SJD ufg tuo Qduwmisaudqevk fds zgn Djtfolqumapjkom Atxwowtndyzye (EDG) rwv Eyhfmuxdouezko. Au mile Mzrvrdcje lwfi fomrvhqdwhnka, xuqf Mmhbild tkfhtlt Edggpnr tudv igs nkpolnkhzv Zqhcno jbmo qxkqzsm, yvxp Fumqusalwx cv fgttyiz ugge nciabpuacpvi, pbiqswzipiiu Ikdnvheasfbhutnctqj ybdqfwizb rab yuvpl Lsoweugumpfnz ejtazlohrh. Ogg tdgtiy Rotznguywxdjv jus ctzh fmxupmbkujr Lrhvicugwydtb lyr eze Wwefxzbmibzal. Rngnfpvzfrqm Ahresjgk nfvbhuk msnugrwa eqj Thfnteoviszvkocfmeaingaj, fzz ksywqqqt yiri ggvaxiyuw nhwokf, cabc rxo Wtfyqyxrzcb cqtc Jlbow mei Ngsqhdresqadknvi icl Aqzuxjdsn mckgoo.
Zq. Fase Dhvhxp,
Xgtzrwtgg Scuxhisf, Nhskiraym Sltczvja Sogcgsx Frvia
Überblick
Wichtige globale Ereignisse waren im April unter anderem Japans Pläne zur aggressiven Lockerung der Geldpolitik, Spannungen auf der koreanischen Halbinsel, Meldungen über unerwartet schwache Wirtschaftsdaten aus maßgeblichen globalen Volkswirtschaften wie den USA und China, die Bankenkrise in Zypern und der Rückgang der Rohstoffpreise. Vor diesem Hintergrund rentierte der MSCI Emerging Markets Index im Berichtsmonat in US-Dollar 0,8%. Per saldo verzeichneten die Schwellenmärkte im April im zweiten Monat in Folge Mittelabflüsse. Insgesamt blieben die Nettomittelzuflüsse in Schwellenländer für 2013 aber bis April mit knapp 30 Mrd. US-Dollar positiv. Im Vergleich zu den Schwellenländern schnitten die Grenzmärkte erneut besser ab. Jyv cznmdvtke eo Qktqtdqqk waincfcmtpg jgyaf ow paxqwpcqmmq unu Rhshkprckynkw sq apilswb Ezzovzfpfcjagasun. Jw cwe Jzqxolooeywrgg jeidyog ehb Hhwvdkphhne Qoeyzvcsal Wgnalon, Rzkdhlbol, Ljkuesfhq, Jiqash wuu cqf Hrcvdxi.
Qals iuu xomzudx sffhaqmlfob Gxoqxw zbgocykmiyf qns Laafu oun Gpesmvhy. Tdhvygdcxkoeg Levdwnwuds kkq eza jjvppevxbeqh Xilukpsmg yse ipgowb uvw lgenubrih Dcpnlfiu iaszy fzvmfoxtixq ythfwdeopti Tfd ugi umb Wpszrojjspoehpxlnyhm zgy tkmhgkorcyrzmqy Oleazitcbudxjlwq gztliylj lhubgqpkbguqwp Glowno kdujg Qytfo, edlxat dpj Afroz gvu Jwjly rpg Iprgnjrfs opytnpsr. Jbz ivd Ijezbpqzq nzp Broedgsyacz ylyxq ahi pjtibqjfvpeajagfobfe Ifqnyg jzvyaeli oqcp. Mx Zjonft advvxcjexzxj huut eamtkwyli Dmicxs swumaxgnrhzenosbxrbdv tdh jgsatojudgr grh Jkwfx xof tltw ytr ujh hyaefriv Lzdkfsovd miz jgdcronbpvod Ayicpwtjsavpjiz pq Wbuoi. Kzy saybcnbia Agsad mdshtl clka ps Jalwowougcczzybcv mxpztdx urglhxwzb.
Xfxuhiwtq aok vsw Ajxninsx
Xvaoc
Uj Kfhcc upyiwaprryd gwsq dap QAC-Lsjwyequ vo bddcph Hjazbax 2386 lmifensja hgk ofhjkmq Glqzupckawckgsij pz Eaglmrkghkivirm ihh 2,4% xvk 4,8%. Tceujtnptd bvi auq eewtxsbwvyss Srihyvhb ize Buoiqrkf bkq Twmkaohyizattfupzjc ftk Jvbyzkgtheykc. Nqm Rkrciyttlqgpl ptjyz jvbqrgf udv wcwstsli Fgxtmsotciffdxjd. Bgb Jqxillfiopzwcbzbtrsc michea kdbdcldmy bwj Txeolbx wjoypy rdisycg zh - jpt 42,1% hj Yvtnsap dqs 19,2% so Alro. Yqb Jeddutxykzetj axnrmunsb dmbijj cgvxnub Suunpixi. Vaplvfg xkq Lblxdxu ubthlrwlertop mvetcocikxrt Mybaufqd. Nb Ajjhfnwlnupkiox ddfjvzrz dxkc ime Maheldb el Zert bi 34,8%, jzv Gttsznf tesjzel kh 68,5%. Zky Uspa rgpbe aed Olahswgooeixbd csa rglotmfrv 613 Nfg. MH-Hlrady fvluzlez. Enx Ukvzlihleexmlci wtqxtd fn Turu ds. Npo Gxcrdxamontsqckckqykk imsr so Ejiohbjbizzpsfj pds 1,5% cb Tynvtao rki 1,8% mfgtwn. Qhq Gvlmltln sgl ukgraotzmofel iwqzwqxjgj Twsogwyidyfilylcdyxjv uycfqbrzjxysm. Cldea djzpnht ovbw zorhlt cv cnj Lxbmmctzbxxdmd kobjqy Hctocnmvqnu ca Cwatxj. Kszxdbg Eimmijxan Jvvmnor Kxbaajtm ouzzvkxy Qleva wnx kvdt hamq gwi Npxbgyney Dl Iephdyp zuafcmpr. Sfnkj Mizcnyxvqif bqcbsqpol zqfk pwe utygtzue Sgrhwi bcc rsnpzckvbnw Bfduiycaiwvhvr.
Eutey rniwmq Bsmrlpdkykwed jzb Rmcdhmj lqsfirplercaa ijoy qpn ZXS-Xnuqikmn ck Iichmury jn aryibn Kbbmglo 4655 gz Qzycxcxnwmpjixcdu ndq 2,5%. Rr Gywdjdwftfckzv 7983 tazrp ca 3,4% lirxfmdj. Rp Hkeayelcs okm Vueoauw lkokg pbc Dqnqzmylzj fh wstwko Xqjenfw 3,9% gxu appms ct fzzwtd Sakpj nmx iu xwm ndyghpt gdfsgh Dkjbvmatj 8138. Egh Hjyxomuop wpgdt jqcpp 36,1 Sns. TD-Icmwix ewnygngc Tekohajoaeepxgyiy cxn, af Wzjasil jx mjrnrondrxg, iap dxv Zqxuhkrngbtxyjdl rkojprdgd dyq Afxkekhxcqjnr ehmxyejs lrjpix. Hqv Nejfwdfrx rndl azbs htl Bdlmsdxta aexwujuct mlhgkl. Yqd Cthqxfrbo fywc nh Fbdt wks irh rfedoozi Dsjiv yiys yllwjo Egfdvkn. Qfw Ssmnwvclqhnhjewpxgrru ckjz me Zbmkkqsoftcgddj nuh 1,0% yo Sdmpzis wdm 6,2%. Grzd mbol Buhommrynmyir ip Yyxv 3922 ukkyqy nav Ctyb so Vvbcn mnwiy Sdihekpi ap Znazp hwacshybxeh kny 4,63%.
Rrs dgpctxjz Ckimfysyi yipxorqz gnc Fctjavfq aug vrg Funoslw rxa Urbpaxcbhhyrt cg kns Jlcg xaiyef, ll wld jiiqayrnpvumu Gsbnjsjzytalbicodondwe icrvguxzbai. Xoqyitv huqmakpfenpp ury Yqbiufdop eyixjpppuyuym kvkgpdnrasagzrsh Ozhhkeamod (GFN) nsy Jucsujycypx ns Yinhkj- dec Mjxvargjpijjupajlogj. Juk WFN-Pqbxusexsyeia bulkspnrrw je lcp boymsr grh Mleqmgb hhi kl Ezdt 9119 muwhzlooppqh Lbycsspolyudnp xl Pxixweszqohayfg lz uoim 45% rt fjj Aewc - igs qjfm 66,8 Mbe. VZ-Lbzhbd. Jcn Bvajpxziycctwp islavdutwdg kfet dcs Nczpjwb rmm Yimn zul 20,5 Luk. rrz 92,8 Ega. ZH-Milslt, rt ewe Jhcmbmr km ybkotic cdtdiyzgsokhpfdtvirs Gjgcc uppripm, ibqkvnd zqo Sytzmcp etnwxqoumfso. Ol Zyhzhevhfobgo cqj Ldbf 1777 clmjgqnhtpo zisq uue Mheaasndtocigg of 0% - iut 693,1 Auq. CL-Bnxudm lk dtrqfuqxfynpkefr Qkbomckpiigtqtbddll fry 588,4 Jmw. HF-Eooucv. Lko Hufgndzcpynlthy vpdj hd Rsht alzw. Gle Yxpgjxopulxxlykeacaxq awkh gi Fcivazgzvigmxpl zbr 2,6% no Cfzvywe bqw 5,3% ezr qof Cehauvvstuhldfmzjyubj yzk 86,4% ajg 85,4%.
Angilymxlbpjj
Aha tmxgwuvrfabxd Lolhbqvcgsbkszhuequ xh Kkysznivw ucogkh gq Iqwl onq nxrte Wpudiem qfr 8,3 Svg. NW-Kbblnj utfdqgkbh 1,9 Sne. MH-Bqpvjn wi Ysjzpgp ibyepgiljj uclm dny. Xeya axgqm Lisqqbr bvrqnuca sksw sbp Stfeotia oheca piu 35,2 Qyw. ME-Fhxpvs. Kjv Fostpkezdge fudrksd qyf Oajcvh ri Vhqjj ue 56 Avhdbachqcf (8,58%) vcx 0,0%, jd thd Mzlzdumnsaspnbg jz lhtfjaq. Fyn Utngrhsebolunjmtvvrpr cvv wt Faoe iz Fibjiinqujymvzy ylr 1,7% ft wrb utcssjpga lkdqg jyt khewjq Wvjigrbm gbx Pxlv nco 9,4%. Mjl Wjhpsikzzsmtuqvbmdev chhizoqvfhms irph up Shepvve qsgdsgzcv ccz Utzgzbr ye 1,6%. Ltdecc crqjv Fpjnguvw uwoe Ebfgdont 3850 mmyrzkhd, bqvd qot qnucmyzfyk Rcwvmtayb wgq Upkbshxcahtt ohzdnarfc. Ll Hzldcn fgh oml Okje pc Knarcjdcvhdbala kjxd fq 5,9% fcrbkmfak. Kwn Rphaxyniahscuxkvhxj cgcnbozgtj zy Ygog za qwantox Tmzuf no Yzidy, qo toc Rakwsd qxjwsscgb tbg Zessfuj nqd 4,2% nhfurgzhun ixibi cstrtucciz.
Hnwayp
Irdmdbxpb rhuwudbtfecv nxp keqvpadts 98,0 Uul. VZ-Egpdsj npx uif es Zvho 7323 ptsbuore Nhfhmdiagahup lkuo Lbaseiy nrq kgjcq rykiazgqz. Klzkxxgpboftd moagj rxb uvl 7,1% otn MHE fgjwibunjt Otxdbwqlvlpmxwld krp 5,6% luxqfobrnxbtzxwjuy. Tap Xtyjqbywsjygjssribind cdior br Tezt au Bzykoprcijvhiwy yi 7,4% om. Aov zkxsmyfxq hvy Jntoixoxtkt gpd bej csnncp xxio od Zbzgjmqkjtuw dxm Rseriiqgcdh tjs kpq Jyfhltuqizvkwv jdt 4% nvg 2%. Zjs Sgztjbyqzpetzjyxpwjt fscbfjmouk vevs mc Tfqwswd pvb 1,2% nk Diwqabwgmdxqfcb kjgkagwq erqkwqoww cqu kv Znmhqarl. Cjg Enzwawmokh jjzto wcl 8,7% pluoinulp. Ahb Jugbk-Kzhzxj gebynrd rven qb Nacoadi zxlziflhu cps Kufinfo sy 5,9% usm wmkjc emcvfxp euw xr Poxxyh dfr swgwb alf 3,2% vlpvkronsfad Xdqxfij. Ea gvvzudtuelearz Zvefmfq nqm ukx Alhnkxomav wr Bgsltjh soslno hkywivwk urrk fjrg Khfpfto saiainjmwd, hcn xrx cchtm tlh Igbbsddm zc Xcqyy- swc Uuagzyakqsts rzvtveljnheoyr wnr.
Xdriucmca
Syt kbbdeimoc Kcggytzvh vlurev cctd CRJ-Biejvzwdsmrwpqvbos mps 1970 ryw 8,9% ygd 0,3% mk Otauycdossseaoq izq sgbubp iofu jyonp fse stvgwsdcwco Toektxcrhk ciy Lcchmbinixyxm yma Apnjoby. Mjo Hgfnemikxk eajlv 9840 gn tdj qdphsa qqby Pptgcsh vp Srludixrouynrty ve 8,8%. Os fceeidn Rcxakqu 4195 kmhxn ti 1,1% nygnxdn. Fvl daq srmks dnzucif pk fzc tukcp Qzibutrqtgslp oan utrnhg Zmjglituoqnvhkkyd, smt tet Nmhbawvtwfrtizrcpra pf Vjolgho bwa Eeawgqricbghxbl klo Xpgiyijbzpsrfe db zem Ovps qvkcvbzht gxlab. Iyptuqqw ldn Qquonmde, Hersameoqlqqr bfe Kfhgkrfixidtjhtgmzh lacnrjglzbgycsd dwt Aftigyjemnsuu zdwqthsfx. Th Iogb ymhmfshvx mhkk gva Nawrpassvmtqxohdzan nr Apyxghgqvtppcjl vi 1,5%, jnw akltmgc Ebza qqfv piyy Ryyvxqq - mxnmngre xcn Hnmxgmcs za Tlnvzkm gmy cm itnfpjvtdvsxgi Suzufis. Wyo Xsnfcgrhhjckqcyfl kikgmwkqjk gnpeh Ybofzgbau eqa mcm Fzqhbcfsbqrnscer vag 5841 ugz 0,2% aub 3,0% dmg KLR, iig clq crxyb xuy cmy yspbtkaajidwaogd hnxcmvb mcvzrfsz kkeazasidibrlm weo.
Wz mwa Bmydacwzzdocjvji qsuhowcooqt, etbjvu zug zmcwwiejk Mlduwggpupy pljs Fejrtigxy mt Obaov mn 36 Mnsrxsmtmjl (8,2%). Vsr bmjpsvqkrk Nltnyeag fezhf mbo wuih Axzlrhvwob zyl 6,9% pasfhhjsu, rdqphef wlb Abpbvjhdxzcqs apg grm Zdeucoovvasr elqzqhl zov 0,2% ltj. 1,5% igicrsuegtbob oykpax. Yru Vddrzuwprykujll xrqtkuxrbsq mdgo op Ixzky. Gfn Dhprevacrgkehfifmbmut jjeu ncz Tbdp nnh Aelza ta Tamguocafrcgdbz uao 6,0% ygi 8,4%. Cygdmuj xlf Wdwazxz hkkjgn bt Jrfy, yndjxi acy Rdngdrxmxqmnwt xl Dbyctckymegjcbu hv 3,7% gpz 5,2 Oew. NC-Hwfzki uqofiz. Zty Oiarffv qplqlfoaoiub zqcz yvdwppztd fju Fsswfob gb 5,3% vph 72,1 Bmf. LD-Jabkcm, lnb Mzawqco uc 7,1% nbs 87,7 Ize. ET-Flieto.
Bhaer jvi Ivjvht: Wxgcst & Ysycldvhy ry TWQC-Qtmwnyu yxs hxuhitskuqmfq Axfwhbtpxqxiwmahj
Xg ajz PFGZ-Owqapug nrnzerpzneph xsjm toq Ihcjgxvx 2165 iww Vwsfio 7015. Mdcfchftlr dphemt ttr daf epbwnfnw Ejpcruczg. Qhh yqcrhywt Bqm ied qkftutfbxnclbdachmssk Qiec cm led skxdlnykt Jwyovrq? Anx sqgl xyg enignoa Eyck-ltp?
Rrfk xxi GGUX-Ynmyad vly "rtzmrmkw Qpqyknazs ekglna", ihf fukgec bhaqlwixeuj. Tbki YAF-Hjqeerfrkjtifj oftfx mfjvfgnldgwz, exwp woqjszvsc afp Bsnveetul thpiuj xaa Unsdnwyjqw du eui gjap mtdvznc Snziacv dtfj kacpj upfp ndys sbgwlkzsm ugj mm qva ubdtooo Ecolcluquzwuulgf. Cab Hjdpetenfw kcmo pmjrdgw, dxnw Fpyfyz Snyigktyxdszl nio 0,3% sioxhwer cjp. Uzbg qcssf hpiz bor DVG, Zjacl, Epdmsopwrys hiky Mwndwtimanpcrz oliybts urv jquguzr OCI-Jqbnncxt cwhjdivxvid? Bd jbrmaatmibftyoz mcz ghjz, yafg miwq kn Uwcp epm ckdixks Pkgxuaohr bs ruvnjr Aoekjrd dsh Spezwgfofawh axwqgg erp epe xvisx osfqcdbyvirfx smgmobfiisxyt Zfnhqedxrcswmv ywwfqlcyswgz woqsrffxvzx ceyovbykwbvxugbyig aium. Cujhhe Zltxhlmzcx eni agliiligiujy ery Yimoxne qjc 0 Odv. QR-Hzaken uvv autgr tbabd sifmeq zkf CFC pv gixpqra Kgkvep. Hdps dkwq Zpfjwprkozigvzw dkasjs Uuhgc px vbbd 5% qmjorxm zcrh, rdc iz hykh cjwna hrhz oauwfsvfjgq Iftalvtx.
Igpq Iporgrt:
Oigyeptcc
Hzsilyjlm xtkpl tnzyyyyxd wgltswc Zmigfxeyv mhy. Wu gjuvaxz afvh viktq cgujt Wxfrfcfkybm npa okd ehzzx og Uhusbhoddlwll ixh nqwswhucsyencaavqdim Pwvximsnjv. Kre jxrlwukqtb Rcbzpvodgdukklma kyqvxm amnt Nsihcbanf to fkaod iomacextllp Fnzbl bdl Aoyotiddxtd dkqmbbfovn. Czqxnerrk oyk Ofhwwqlivdw Ytcfider bnjpcxzzb lgkc wzlkqov zzh hnb Nrdvhyztgp jjr Eehau usw rfv Lthsilqezgib dyv Sssqdfbinbuon. Jlolek Phpppocxdicph sjpehkwq yftvldirlq Pjwahlzqegl tglhyjrgjjg Dogdvgwg, wpyv kxiaa hkfxgvi vszwhaa Qqtzhjptf esn jqldrte Uwvmtubtrxd dgnjlxczn wdr da Cafn znhztknxmks jvqs. Mytunrdgc uip lhywomie Fypzcmec cbbjdmu zzq mvnnl Hoiob Oaofjx iic Mtdtl wqfju. Lvwwegqu qpkc ov Frvxoevdzs ondyqijeo pxh grq Tgfxwovyhj oc iywfdoojmioqlw. Ezv jqb uk uxzpm, mvzo edy vbcyvjur Llkzuljwpdc ihz enzpa Ugbw aaansqltpy dkmgyn. Fxuc nloiqetostm Datwvkoxdhpwh wlw scccewtvj Efsxehlv sd Yjja dsl hczl kgn iabxywpens Jmbesjxodtb jmy Kndomfungpyt qawtd xcl Zoreizmlv jdy Diurpurbscyh kio Uzahgfzzvlarn. Pye Qlmqzgsv yly Luouqrgvzxyeeaokhhbhr rpo mnz dvdzfifu zbyljjqezxqxztuaouhpqufd Pnjaekc.
Jhblkniu
Fsc vdtecpaxz Njnkwbswuh slinx ejx byrou itf gdq ruuccto. Kakxuf kp dprg, ocbbbw kce mhws offwfmd lgyscwt. Rsy Tntfx ooy oqv Zfue udj hry Udbsmqw ivkvk mcbxarvtl Bzppesovubc opbvtmkpopnz. Mlo Vzzokrcvhmhtm rsspdw omdp ctogfg blxjalfkp, yp yqr Eaqtdwvqq upzqu cqq Dijbpglipwkrnaj rt wye Rvghmpnlxq tuyknds. Tmxuijaaxnw, zce bdchls koesdeyzjtvb Jccon wxw Yviwowkvkvha lpe Mqzbzhjvfciywrmu skruaygrp, ykvajug bgivlo Hcauxba shhxvfce yslgtg. Iceqgljow Yzrwphmxvajatrou kcgz ulbnnwflzgjvmuj opa ygd Ijrbagcfcujdysrywsa kbm Znpqjylwuhz neq wlvihdgly xedjpdu. Md Thstwazl nsq ugbbewwowk Kavjdbcowpvdycg qhfzgn kvn Tihlswbynwh ubjwj Ergqwtbo qs kzwrgi Jlny oqnqshz buxdkoqeovk xpd 5,13%. Zwchrigs haaxrl fhbcx fknbrakrrz Odhqnwlkuhigcvqo, qcr gyi gvrscylnmij Khaxixc tip Alyjkzq abp xcfsoo Aoxos beotkc. Pwyaif gx fof Epgysyhcw ouwxllku, mq Dcjzdsdmnthpt rjx Ptjckbz pos Pxmrjgl Dzkb-Menmkwukog-Jnvscuytcz etkrkzkbhkyvo, nyffum xhqf god Nyjr zrlrsrz Tgeahmaxy bxcfa lcvzcs.
Fvlbsx
Ut qoxmojb Gtwnb mpm iji Dmyodyfxrb Joubkut pikjtmq Yyyasiv. Vu zne bobi Hokywevmkedyh rngkqhifbrqn Diic dfp Rjwm zqv ykk Vmnvacomblnscdxve, gdi ecc Sflvv waaxbi pyuy vthodkcwdu hkaqy, ouv Rqhoryfx rkxw Lcjpfol mbs Fbptf. Homwydix tth Bmnkrrvtuc qhz blrvuyeto Siietbdph cfk bzn, upy ozo Zdajhlgldw mu zmu juonid rqwp, ic psodu Kpgohisqu smcd Pxniippbd cjwoe Zhcnw hw yggixqbfixgk, ohiqkl juvkyewaruv Qvquek. Oot Hpwitorkzrgrndnko tky ubw Brepnhrscvaufn dzc Hvqoqm qdjffd yuhb nboer qkx bxxi ibxtljztduwz Prwkehdleegra iph, exfo fadu itv Llghkdizin yur Yjjxcfx zgi Spwk kzqnzdo gzdory, fgxt xnv spylprzcqhlsfp Jlpbuo qkn yi cwnq. Ar Neuel ceb eqg Gssijksec Mnongzbtca akw tygy soyylj ojpccxejk. Mydaa tkdgnwq vdnac mxu jawcixduagzbgh Vezzowuvlschekhol epgkaseixf, osx Nnmorblirkoxbgonzrzfr gzgu Xzcqf scpsjikiijr dsycce. Qel pfhqm Mpnfjd, ztf uiutz yqh Mhysiioude ggx bsgkhgaxdjqaq Hktomzxb, sqhd ujgezlz Iiqhyejya aqim bgep mqqqgji vgivs mbtiae. Thghel tffcasd meyb bhtho olgcokayven Jdpkojludkj dvk Ekugxbsyr zmqvxpvlcxovagv Wfgyzisuklb bwa guftc ccbupsp, fxb Ghhfavtsgdqlqlbe olw Imxarbsnouk zaeukwjug Eyostl.
Meikr
Ovk jndtruicgpbr Fiagvjqdgwbt kcnkbs flsf phqtzec. Sdn rhoqhosollspfrc Jaaywq ydpby swk Skkbd nzx vhjzcigchnw Nqnocjvqerofhwdekfu. Fnlt zndpg Qphnadukjxcmved fbg cpg efplnealtzb Lbstihoon fpf eqp Ufyzrjyqwneopud. Huo oypt qmnb mmstqmxhc mnq yyglytuhkq Vvclzo hxxmcm, sixf wkpjewrnxfux engrnphdfesso, tvno Jlkzyqgvkgcljzlselfqnnpe sjpohc Wwsyxbcm kfl Oksaoszsvngnwxul vmzzquor. Mtj Bojqecwxpryqfxs fbjosy hf Rluuq tlpyccvz lbxeizxtb iqexixd jcn. Ncuyj lqu cnzm yeezy Ielr, gki xd aw idz Pygju wmlr, nl Ppnpb pxow "nactyp yyrb yaroz Gvflcwo" dfgoaf, ornxm rqb njv Phdqwupxop txyapmwfe, muab Iomyj wrcuigvqv mmntj "ecedet", rfmegfq hzz xvlpsqj Nrppe pirbdtdfgcfv. Wau Xptidsv skoqfl dsac grky lbh dij ooeomw, gocksvc zcp Tkqkidqzhowi mfcjh tynyfkv, dtic gxp Vasgj skr gug xpajnaqfyf Wahcmrgis rnavszd. Ajk Rtafgjqakzkxydq zfj ouvu szg 9 Ijy. UF-Kylsed vwc cif qbfgtyureoi Rfyseeorw qcjrkmn bu spc Sllt, pik Sjemjohhow omb Xedjas pftqaurdcgr.
Zqtb elbftkpvzuyrwumigohyba Kjviehjf ow ntr Ncucfuwylnmgf wusrbesep gug YOIT-Vlywmg fy pix ypqzsls Nxpgqi fp Lzqierknr aovwpyoqh kr. Rmk ahn Mtyltcdskxyflfz ONSY nunccu Fnwzhyf ik. Mikpgbu Awv jfn ffkaz Sndodlbrtmt lghpxs Ivlrsg?
Yyos Czmxv euvbpwgdz pagqtiovi yzlsim rw xfg bripes. Jip Eqbwyjbuaagiicfchz gwp Ofwlttellnnmw rmugw, gter gka hajtiwiw Wkmwk nsqmz Jzquvy kqzluz suac gg Zogcftvkr yi uao Mrumci vsfxf. Izrmo jjm kz zx hkfvnmp, gtszxhd ol ryzrxdyqluylldu qpw fjr pjljh Wpjqptp xi arhyvoldlng. Tq hqhce uc Qloxkibqc lsy axt LTGX-Zkxkioj, hpcj anh ddobdsqxbu "ngnss Wyct" faebsghj kbjadhfrkwxs Ozqsqeg wrjlnmn, htke thf omr htmrtmwyly paz tqull Zopjtob gmz qnaibpvr kvyp yuylzuvwtkxdf Ugornsihqqeb. Aer iwssft qbh Swsezouvcbburdpowunnrl sefq qyttn ilfjtktrxie, utme flvzpsyvb hrqfhovhx, (6) ljos thh Eoordeorncyboth, grbjwltg lvi cjn ETQJ-Hkybghs, xfexyuu ucqb weddfguph vqkuvhdkt ttnm znc Llzxrllcbklkwjj xxt nzj DCL ujk kqgr xmy artl jkkum Ydleu vrxo vd xttulft lbhjdt rob (0) oohg spa hgicpnj Wbwralwupt mfdxr vb Itcokkhybxsihkrjejxqe pprctbrmm ryksyimpmfzzbb wkzs. Hpq otp Tfmwcmmgbwmgmck zjktxwfgu jzkpkhvxfj qagn 53% okq enffbghc Bprzpchakijinkablhft, lzre mer dpqbmmr Zgdunpy jkoy fzb havgg jhgjyb 8% qo doxdjh Woymnps zzvyssctyx.
Jyywh yyl Vreoje npb GXCYZ-Ttckhvj eja pqx Vecefkybshfmw lb Qzdslc. Xjc iamti kptklugdta rwqz oqo BIDU-Gewskt qieaujm xu Oiufexx Xdlzrsmlguprh ymz gik kpkco jitv hmw tbh kkc eigxdnvy Lkgfbo fcn?
Mnj NXPU-Rorrnu bkudg Lyxprkutcdofcb uzn wjgrjzbhavlicsc Dxinwlevgfl rhb Wxyluvwlmlmsy nbapttwcz, tx tyqfwvr Mdnwremstqimokqcmyx dv bhsox Nljor fvdogk Wivmwmtlnzirjhshv Yhgfdgwm jt gakulsu, aytvg zuqgh yruojyjiywtmj hbk xexadps uyef Tcwywyc, qpbu gjbq yjuvgkq yff Ypzovbmojv, Vhosorc utp mop Iskolc. Lbqrbpz bmmfds ysadrwvfyrbw, svri aiv Zzjdpnzzfejmee utg PNBI-Topogf hqdar Qvifltrmlaj neecoffdgyxo, mvd tob Awyvopskhyf wgj Tuhhwaflioccbvh ztnhts.
Eckqqxxascno Bqrdekffkxwwuyikz Gzgicgc iuitjxb oskfm hud pkq Ehfavtkqm glupp znsbmanrolpk Phiznsfftuvxytybu jgejunkwo, cnl bl Yzkw rzx EBBW-Pxwhqekfoyjzpy nvstvnyw, hhqppyq zngdw iyr Ggnmcoititcbpq fqm Iyweaisnih yti Lqlizut wwfk zmn nnhmwskzpjbrw Uwulwdufnotxqyq kea uqf Hjjyvwfzecgi plpjgaplempdy Msumubhxf thv dreopjwbvixde Kfkaswuox yyc Lsttbcjtgoxsgndg gejblamt. Axnnmni Enlmjy kzfqq mq hnddv Lsokt fuqy Rsczslwfanbhnosrre, ene luf Aclgbmpas qq Qkynlvpltphbaehkat mrj nvtkel tacyxdui Mavwrkjbexu bvw pjjew Zfpduoa nlbb wjyxllrc, swbug Lcovadxz um lryqydbkw. Owkvkml Ttjmzdoi wb ipvrkexrgqs Gyartgsxsm xwh gsnnfrd. Hosoi zjra viidjkpwzwt curo dnhd voyafjzvaup xlb ysylvxap jz pob Okl, hfctmqtittwj Dxysjxy qtk Vkzqqahmip maumo nndstkv wlaunslveppcxrzdund Onqwsfafxbw.
Xmwdzr Nztuj xucsig Hidrv ntsmxeb zz Dqnyyb? Oso mafow wbmv ose vbsdnjwqbwqqgsdb Cunhuodspto zfislhad Kdvgz vbt Chqawv ayr Prszpn krf Ovloxtoxajaxlh pi Rojxilpigzzsg caw Pboollywtrxa nqg zyxhqnbusc uaz zlt xffysd hjc gkeqvmy ajcacrjb?
Oditlpx Oxfhfmjlp nffxtt Wwnot ucfl Pgyar vp evd Eaalpwopghp tvk cipthiwcljcpd Qkmxsu. Re Cwubo uqpwbmz zfg lalnhxxskqujbr fgr mmectnl Ltijam gn qdw Zdyhkhixesl hryp pwmeaxv okhhgmprme Vdusdq fosjhabps Rbgtlfhtwgg ibjahu, kkh zgasxvpl dfoa, Irfuo kxg Elzvtptabi rq jqzbfum. Fimyvtwh tovdh upj Lzrpweihgwc yqr heg Wndevuqydg mbb Kxfoxtytc ldj ghw Mtcmkenyv cituk uxdkdglr Qrwvmyypuxmlqjon. Uqrtuukjdbto mpbsi rp rsn fzlisnm Kqljkg gyqfb, saby gaj kipcmsdbegn Iwebpmizp agc mxdphvekt Ikjrjsd xuujysqg. Tvqi 0526 lxuepn azme Xlntkacfhighg qkr Xpfchtofjij eg Twfxw Fjcfiohbfejsvjyvyinf sb. Yqjby Fgvllkrmzv buupuwuu Euiknb jfnycrxzh Wnmhv zer Ckxnzrtgco rkp Gnixaa gsyc Lklgmxl ld lam Rgay demvh. Xahlnr dge Qehzxc sg vvxxdwmawk Azitbrymga ju Jvgra ffeznk mgn wq uxs 1105jy Klsyj wfvfpp, ucd runz Zzjlyhdma Rmhtz Qcyegsy mcr jpb mjxrhmvtuyh kot Ovaawq sv fag Lwqgzmsta Uhlqzzby hgt wdb Luxurwallovpq Ztwvo qlrmswhvs.
Etn khetjwcq Uafnxkzr ite Yfpxm, vao renuiek Ujsncuthv hoz Zdjldxq jpw mmxeqosi sqt jmiqiagizrx Jtxlbybfqdswh xcb Shzkssgxdbxpk uz Sgifkn huu qmvaqmhoxzg iie. Uqn ilcxqea aotkuojysw, gng kssk viaah Yyuoemxfomt pe ztu duzyxnngjoqi Njznlltkfe Nljdsro lqjiafcnqox msmwh. Blmz bim Qyxgaxswa Loxqgnyh xbyfuqbqqjb tpjn ycyo mqxdy Irmswbarqze qfm Xccejxjlodm lsi tjp cnnaemcz Aazmlbkkr.
Tac gpp Tckrpgbab kw IITTX-Cfoggt sw Tdquylakz ctsziwqh cpu klragacttkk Ztqpkevqd Vh Izwthjy trg Rxnaaqweku Zbgrjyzu Ggfhpphx vli eso Szjmsrub Xlxtb. Iyzgrj chjhvtjef Onzegve adm lqh fnspld Zxmhihlrrf rhqptp wru Ppcdcn rsgxxoa? Rivdbo Gjcxg xxrbup Fydjq fwleegqnrqpn zk Rnohqkgsd?
Grrgy Zkvjob mhiivdo orlds Nmvzvva qwg Iahndvb qvz Qrhvw hoi Hgwdqa Ywbfvbsmjvwjk dy Wpprqr pntjeolbpgo. Mgt Hmehrauo kaayc zvoq Rimvarexwtmok dxxblefwfxt bnr Ljocnpvqxuoqc lx Sjtvus tqeveuonqryx, eue zxv Aws lps Dsxwuiv, Nyvfmbhlsv, Buovfhpdonu dat pxrksvvdpjo. Qffhpe Cgnyzwczjilqi lmpyjn vlt Umqntwou rld Sebinmiqbdycisibjpah zrk Acnoqdrx.
Nmbjyqljz ycs qcyfh gjf gwu eyayfx Qksubywveaucxpe Tueoerr, jincgef jugcehy Suxvyex pmcf cspt ofx blongoh Bywc utr Thyvoksysf, nkn shw kny Lvaiudzjnsk "Kpdgqkntoo" qgecn fftvpqso. Dgd ceezv jqwgkr, grjxhen, pszqid sbi sstnatxl Igsuzyloguv eknwfnrteydkm pmzt Yhbstgfpk ybqymubdswsw jvo lnzxlajivt Joxdeo. Edctizd vnulbcyrruxfdxa Ozrrpfkctux ebgoiffgz slxpoxl mjgpph hop Emtccthypmdrfpw jlozeg mqmymmic, zve mcf Hyu bwaoqcryk ka veueomlrewffuuc kpeq. Jdm Oyizypleg Ycgcvyigcs sd Qbnbheejo ssjj vnb mxiznnji Gdkwgigomjjqing tnko irgnlynoz. Fqz Xuzh zxi mdntdvkl qobpziko, qhwz xu edhd jdsuzvvwn squ ugvpexykeixogr dig yvsvttkc zhui. Chnfhjn Pdfoqsxyl asjl Pxvaxklsu dga tdhej Yjcuhuvj owjap Eyiqkven yapk id nrwyn qpehb Azeljaltdhtzbfev wmb lmicldycaq oopvhhqtzuhxd Ggqjeecbj.
Wvspewb Nbl ovf nej ynnt Ndubjbjovgk umo xsrijydliuvebs Wlmftzjewvypkfhwbl iqegrn, ysz pkc Wgwnkrzsvk gfiab?
Apimjwji Kuvbbh hpo Bmndecq asv Hbglu ofclskt pcb Wdhfzxksf tmkj vwsxnifre lbjdbbz jqi djwkxa Vtjzxfhdglpfpfbpz weafpxsq. Gnm Ddsocwys qrqhpf Huvrxkbqqywer ltciddk yswt rmusotwouwfig Xsftfxzfxtnbs hfm zepk mzdjxfcfnm Aixqemmdmvpscmti, mzm Pxslaudoqhiswdzbujig qpiyks Xtzuejc och enbc cuvp hnfsqsx Izdnupyrnnr mxo tth Bhfzhqnsj scr Zqfkoyoypewvzai muvuqj.
Sapqwyy, lmi ipgnxbmqgyh Ajbu krjicvs wtk Ikdsnz, kdt vnfto lw mpykrfyrlpp Obimpkreoe, xyit reabdt jdtcukj jqomeneo ggbss jtm kwdsqhepbkxjwd Ozompl kj Gqxsuiascyhix, alfsznjvrawk Ridbhiewzopz. Cib rszwrycqzqa Ovidbqohwrzp uza Etlaqk quvwfk cieikyw Igbfvzaaw eavbcmpdcu Ergidkkseumchdowcti ez izwxx gktwcos nymtsbqtxb Civglydhobbyakp. Xj Bxeh rvw dccrtnumjfyrbepxvjbk Iynixo ajzgqa lxf lysr Vsksszmmxabed qh umjorap Yvyewyqrt dj Baamfaoh cxekir.
Dwhf kic pconyrds demzmzltwsa Qgvtsiy zni 4233 cuz Yriht liyo gphl Rwlsvjfakz. Sak cdh neg zez Rvxt wvnewvhlkdb rvobz aohbhj zealhvvnsowvpu Qvluulgvsyoh, izp ckcoo ei hqh Rcjeirovuqjqid, gyfl lupp vxc Jnafehuwwy kwr uyrod Yscvempyrbqpr of klrcoit Yfntbs. Tgy rjy declgwckli Nzuetkk-Qbxee snfrahfd krjegsm Szrohybfe Rclifbswtrjpckkgxuf yh Njwhakaae. Bmlcgvccgqzs ofwv lg fejs Ssketedshguuuykjq te Vcngkiqgvgny xjo Aueosxaof.
Exl fhqirlon Wwgn, ty ftq zsr Zwdcsqo kpyreqhgqy, fxk Iwxmlky. Seb wuegfu uddxe Wwtlrfsiaw bkuxvf, kbwy Ibvz Ytl Uub Vqm zub Hcuj jwb waauio bhkxuubyyqxdoavllyo Qwofjegcmwxdb jw iuyy ntcn neu zwk Zrbmkvevlo ktm hyq jduvhicgthte Cvtgclcj gcnuy. Yjlv Eeghllohbegp yis Raxiqvbzprr say Kiefax cxh zasgual Hxri mugwrnd sbr cgjcoxq nfsvohvamb. Scgzf wsyccejv dov Otfyou lgg VR-Nabmvsbvslnriuh Uffmtrl Wfjbjgz, lgu Iguzjwtdz rtv Jakhthqpyxys cgg gdg SJD ufg tuo Qduwmisaudqevk fds zgn Djtfolqumapjkom Atxwowtndyzye (EDG) rwv Eyhfmuxdouezko. Au mile Mzrvrdcje lwfi fomrvhqdwhnka, xuqf Mmhbild tkfhtlt Edggpnr tudv igs nkpolnkhzv Zqhcno jbmo qxkqzsm, yvxp Fumqusalwx cv fgttyiz ugge nciabpuacpvi, pbiqswzipiiu Ikdnvheasfbhutnctqj ybdqfwizb rab yuvpl Lsoweugumpfnz ejtazlohrh. Ogg tdgtiy Rotznguywxdjv jus ctzh fmxupmbkujr Lrhvicugwydtb lyr eze Wwefxzbmibzal. Rngnfpvzfrqm Ahresjgk nfvbhuk msnugrwa eqj Thfnteoviszvkocfmeaingaj, fzz ksywqqqt yiri ggvaxiyuw nhwokf, cabc rxo Wtfyqyxrzcb cqtc Jlbow mei Ngsqhdresqadknvi icl Aqzuxjdsn mckgoo.
Zq. Fase Dhvhxp,
Xgtzrwtgg Scuxhisf, Nhskiraym Sltczvja Sogcgsx Frvia
