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197;0COD0ND03128! Rci/!215!fk!274

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197;0COD0ND03128! Rci/!23;!fk!274

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197;0COD0ND03128! Rci/!241!fk!274

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197;0COD0ND03128! Rci/!242!fk!274

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'! Tkhkwvk!rgtkeqnquk!.!;2079;0Egg!

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!

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vcdgnnc!ugiwgpvg/!

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C3! Cnvq! Ogfkq! Pgeguuctkq! Dcuuc! Dcuuc!

!

!

H/2/3/! Swcftq!fk!tkhgtkogpvq!pc|kqpcng!!

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1301903113!

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uqpq!k!ugiwgpvk<!!

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fgnng!okinkqtk!vgepqnqikg!g!nc!tkfw|kqpg!fgnng!gokuukqpk!inqdcnk=!!

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197;0COD0ND03128! Rci/!258!fk!274

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eqpvtkdwktg! eqp! wp! okinkqtg! codkgpvg! cnnc! swcnkvâ! fgnnc! xkvc-! rtqxxgfgtg! cn!

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!

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!

Eqgtgp|c!guvgtpc!

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197;0COD0ND03128! Rci/!259!fk!274

fgnnc!rqnkvkec! okvkic|kqpk! eqorgpuc|kqpk!

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!

H/2/4/! Swcftq!fk!tkhgtkogpvq!tgikqpcng!!


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2401703119!

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h�^llhf`^vfkjb abh ab`nbpk

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3501403111!

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3/! Nc! rkcpkhkec|kqpg! vgttkvqtkcng! g! wtdcpkuvkec! uk! kphqtoc! ck! ugiwgpvk!

qdkgvvkxk!igpgtcnk<!!

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g!fgn!ukuvgoc!rtqfwvvkxq=!!

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vgttkvqtkq=!!

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wtdcpk=!!

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197;0COD0ND03128! Rci/!25;!fk!274


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3202303127!Rkcpq!Ctkc!

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!

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!

Eqgtgp|c!guvgtpc!



Pgeguukvâ!fk!

okvkic|kqpk!

Pgeguukvâ!fk!

eqorgpuc|kqpk!

E2! Cnvq! Ogfkq! Pgeguuctkq! Dcuuc! Dcuuc!




!

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Hcgp|c/!

!

!

H/3/! Cpcnkuk!fk!eqgtgp|c!kpvgtpc!!

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mqbopb b h�filkop^vfkjb lnkdnîi^pf`^ af ôof b ifoqnb.!

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!

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gf! kn! swcftq! fgnnc! rtqitcooc|kqpg! rtqxkpekcng! rgt! ink! curgvvk! ejg! tkiwctfcpq! nc! uquvgpkdknkvâ!

codkgpvcng/!

!


F2! Kn! Rkcpq! Vgttkvqtkcng! fk! Eqqtfkpcogpvq! Rtqxkpekcng! )RVER*! fgnnc!

rtqxkpekc! fk! Tcxgppc! ê! uvcvq! cfqvvcvq! eqp! Fgnkdgtc! fk! Eqpukinkq!

Rtqxkpekcng!p/!;!fgn!3901303117/!

! Rkcpkhkec|kqpg!vgttkvqtkcng!

F3! Kn! Rkcpq! Tgiqncvqtg! Igpgtcng! )RTI*! fgn! Eqowpg! fk! Hcgp|c! ê! uvcvq!

cfqvvcvq! fcn! eqpukinkq! eqowpcng! eqp! cvvq! P/! 6;970372! fgn! 23!

ugvvgodtg! 2;;7! gf! crrtqxcvq! fcnnc! ikwpvc! rtqxkpekcng! fk! Tcxgppc!

eqp! cvvq! P/! 4;8033682! fgn! 3;! crtkng! 2;;9! g! uweeguukxg! xctkcpvk!

rct|kcnk/!!



197;0COD0ND03128! Rci/!261!fk!274


F4! Ih Pf^jk Spnqppqn^hb Ckiqj^hb Aook`f^pk abhh�Ai_fpk F^bjpfjk (PSCA)

y op^pk âkpp^pk ^f objof abhh�Anp 32 abhh^ L.R. 20/2000, jbh i^nvk

311;-!fck!Eqpukink!Eqowpcnk!fgk!ugk!Eqowpk!cuuqekcvk/!!

Kn! Eqowpg! fk! Hcgp|c! jc! crrtqxcvq! kn! RUE! eqp! cvvq! fgn! Eqpukinkq!

Eqowpcng!p/6872.28!fgn!3301203121/!Kn!RUE!ê!gpvtcvq!whhkekcnogpvg!

kp!xkiqtg!kn!42!oct|q!3121/!


F5! Kn! Tgiqncogpvq! Wtdcpkuvkeq! Gfknk|kq! )TWG*! ê! uvcvq! crrtqxcvq! fcn!

Ckjofdhfk abhh�Ujfkjb abhh^ Tqocipc! Hcgpvkpc! eqp! fgnkdgtc|kqpg! p/!

22! fgn! 4201403126/! N(crrtqxc|kqpg! fgn! TWG! ê! uvcvc! rwddnkecvc! uwn!

DWTGTV!p/!9;!fgn!3301503126/!


!

Kn!swcftq!fgnnc!eqgtgp|c!kpvgtpc!ê!tkrqtvcvq!pgnnc!vcdgnnc!ugiwgpvg/!

!

Eqgtgp|c!kpvgtpc!



Pgeguukvâ!fk!

okvkic|kqpk!

Pgeguukvâ!fk!

eqorgpuc|kqpk!

F2! Cnvq! Ogfkq! Pgeguuctkq! Dcuuc! Dcuuc!




!

Gpvtcodg! ng! cpcnkuk! fk! eqgtgp|c-! kp! vgtokpk! fk! swcftk! fk! tkhgtkogpvq! Gwtqrgq-! Pc|kqpcng-!

Tgikqpcng!g!nqecng-!oquvtcpq!wp!nkxgnnq!fk!eqgtgp|c!cnvq!g!wpc!pgeguukvâ!ukc!fk!okvkic|kqpg!

ejg! fk! eqorgpuc|kqpg! dcuug/! Ng! xctkcpvk! cnng! uejgfg! fk! rkcpq! eqog! rtqrquvg! tkuwnvcpq!

eqgtgpvk!eqp!swcpvq!rtgxkuvq!fcnnc!pqtocvkxc!xkigpvg!c!vwvvk!k!nkxgnnk!fgnnc!rkcpkhkec|kqpg/!

!

!

H/4/! Cpcnkuk! fgn! nkxgnnq! fk! kpvgitc|kqpg! fgn! rtkpekrkq! fk!

uquvgpkdknkvâ!codkgpvcng!!

L�fjpbdn^vfkjb y qjk abf lqjpf af cknv^ abf rkcpk!wtdcpkuvkek/!Nq!ueqrq! fgn!Rkcpq!ê! nc!iqxgtpcpeg!fk!

geqpqokc-! ugvvqtk! rtqfwvvkxk! gf! codkgpvg! eqog! wp! wpkeq! ukuvgoc-! fqxg! nc! xcnqtk||c|kqpg! g! nc!

lnkpbvfkjb abhhb nfoknob hk`^hf lknp^ ofdjfcf`^pfrf bccbppf jbh `îlk abhh�k``ql^vfkjb b abhh�brkhqvfkjb

swcnkvcvkxc! fgn! ukuvgoc! fgnng! kortgug-! fgk! ugtxk|k! g! fgnng! kphtcuvtwvvwtg-! eqpeknkcpfq! hnguukdknkvâ!

lnkaqppfr^ ba fjcnôpnqppqn^hb `kj fh nfolbppk abhh�î_fbjpb jbhh�kppf`^ abhhk orfhqllk okopbjf_fhb.!

Kn! eqpegvvq! fk! kpvgitc|kqpg! ejg! uk! xwqng! rtqowqxgtg! pgn! eqpvguvq! fgnnc! Rkcpkhkec|kqpg! vgttkvqtkcng!

cvvtcxgtuq!nc!XCU!pqp!uk!nkokvc!c!wp!oqogpvq!urgekhkeq-!swcng!rwô!guugtg!cf!gugorkq!wp!ikwfk|kq!fk!

`kil^pf_fhfpw î_fbjp^hb, _bjoz `bn`^ h^ oq^ ^llhf`^vfkjb ^hh�fjpbnjk abhh�fjpbnk lnk`book af

hqtownc|kqpg! fgnng! kfgg! g! fgnng! uvtcvgikg! fk! uxknwrrq-! ekqê! fwtcpvg! kn! rtqeguuq! uvguuq! fk!

rtqitcooc|kqpg/!Nc!XCU!fgxg!guugtg!swkpfk!nq!uvtwogpvq!ejg!cfcvvc!kn!rkcpq!cnng!pwqxg!eqpfk|kqpk-!

hbddbjak ^ppn^rbnok fh ikjfpkn^ddfk h�brkhqvfkjb abh ofopbi^ b cknjbjak h^ `^l^`fpw af âcvvctg!uwd.

qdkgvvkxk!g!uvtwogpvk!cnng!pwqxg!eqpfk|kqpk/!

!

!

H/5/! Cpcnkuk!UYQV!!

N(cpcnkuk!UYQV-!eqpquekwvc!cpejg!eqog!Ocvtkeg!UYQV-!ê!wpq!uvtwogpvq!fk!rkcpkhkec|kqpg!uvtcvgikec!

wucvq! rgt! xcnwvctg! k! rwpvk! fk! hqt|c! )Uvtgpivju*-! fgdqng||c! )Ygcmpguugu*-! ng! qrrqtvwpkvâ!


197;0COD0ND03128! Rci/!262!fk!274

)Qrrqtvwpkvkgu*!g!ng!okpceeg!)Vjtgcvu*!fk!wp!rtqigvvq!q!kp!wp(kortguc!q!kp!qipk!cnvtc!ukvwc|kqpg!kp!ewk!

wp(qticpk||c|kqpg!q!wp!kpfkxkfwq!fgxg!rtgpfgtg!wpc!fgekukqpg!rgt!tciikwpigtg!wp!qdkgvvkxq/!

'! Rwpvk!fk!hqt|c!)U*<!ng!cvvtkdw|kqpk!fgnn(qticpk||c|kqpg!ejg!uqpq!wvknk!c!tciikwpigtg!n(qdkgvvkxq=!

'! Rwpvk!fk!fgdqng||c!)Y*<!ng!cvvtkdw|kqpk!fgnn(qticpk||c|kqpg!ejg!uqpq!fcppqug!rgt!tciikwpigtg!

n(qdkgvvkxq=!

'! Qrrqtvwpkvâ!)Q*<!eqpfk|kqpk!guvgtpg!ejg!uqpq!wvknk!c!tciikwpigtg!n(qdkgvvkxq=!

'! Tkuejk!)V*<!eqpfk|kqpk!guvgtpg!ejg!rqvtgddgtq!tgectg!fcppk!cnnc!rgthqtocpeg/!

!

Nc! fkogpukqpg! fgn! oqfgnnq! fk! cpcnkuk! UYQV! rwô! guugtg! oginkq! eqortguq! cvvtcxgtuq! nc! ugiwgpvg!

ocvtkeg<!

!

UYQV.cpcn{uku!Cpcnkuk!Kpvgtpc!

Hqt|g! Fgdqng||g!

Cp

cnk

uk!

Gu

vgtp

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Qrrqtvwpkvâ! Uvtcvgikg!U.Q<!

Uxknwrrctg!pwqxg!ogvqfqnqikg!kp!itcfq!

fk!uhtwvvctg!k!rwpvk!fk!hqt|c!fgn!rkcpq/!

Uvtcvgikg!Y.Q<!

Gnkokpctg! ng! fgdqng||g! rgt! cvvkxctg! pwqxg!

qrrqtvwpkvâ/!

Okpceeg! Uvtcvgikg!U.V<!

Uhtwvvctg! k!rwpvk!fk! hqt|c! rgt!fkhgpfgtuk!

fcnng!okpceeg/!

Uvtcvgikg!Y.V<!

Kpfkxkfwctg! rkcpk! fk! fkhguc! rgt! gxkvctg! ejg! ng!

okpceeg!guvgtpg!cewkuecpq!k!rwpvk!fk!fgdqng||c/!

!

K!rwpvk!fk!hqt|c!g!fgdqng||c!uqpq!hcvvqtk!kpvgtpk!ogpvtg!ng!qrrqtvwpkvâ!g!ng!okpceeg!uqpq!eqpukfgtcvg!

guvgtpg/!!

Df obdqfpk rfbjb bccbppq^p^ h�^j^hfof SWOT ^ppn^rbnok h�boîb abf mq^ppnk eqorqpgpvk! ejg!

equvkvwkueqpq!h^ i^pnf`b abhh�^j^hfof SWOT.!

!

!

H/5/2/! RWPVK!FK!HQT\C!!

#! Tgcnk||c|kqpg!fk!tkngxcvk!kp!vgttc!g!xgigvc|kqpg!eqp!tgcnk||c|kqpg!fk!dcttkgtc!cewuvkec=!

#! Tgcnk||c|kqpg!fk!xcuejg!fk!ncokpc|kqpg!rgt!tkfwttg!hgpqogpk!guqpfcvkxk=!

#! Tkwvknk||q!fk!vgttgpq!kpvgtpq!cn!rgtkogvtq!fk!ncxqtc|kqpg!ugp|c!rtqfw|kqpg!fk!tkhkwvk=!

#! Olbnb af _kjfcf`^ jkj jb`boo^nfb lbn h�^nb^<!

#! Urquvcogpvq!fk!wp!ukuvgoc!fnnfdqk a^ qj�^nb^ lnkaqppfr^ b ifdhfknîbjpk abh oqk pn^``f^pk<!

#! Rtgugp|c!fk!hcueg!fk!tkurgvvq!fc!fguvkpctg!c!xgtfg=!

#! Nkj fj`nbibjpk abhh^ lbnf`khkofpw akrqp^ ^hh^ lnbobjv^ abhh�filf^jpk Tîlfbnf! c! Tkuejkq! fk!

Kpekfgpvg!Tkngxcpvg=!

#! Cvvtg||cvwtg!fk!ugtxk|kq!ikâ!gukuvgpvk-!ugp|c!pgeguukvâ!fk!cfgiwcogpvq/!

!

!

H/5/3/! RWPVK!FK!FGDQNG\\C!!

#! Kpvgtxgpvq!okinkqtcvkxq!oc!pqp!tkuqnwvkxq!fgk!rtqdngok!kftcwnkek!gukuvgpvk/!

!

!

H/5/4/! QRRQTVWPKVÂ!!

#! Tkfw|kqpg! fgn! tkuejkq! kftcwnkeq! kp! vgtokpk! fk! guqpfc|kqpk! rgt! gfkhkek! uw! Xkc! Ucp! Etkuvqhqtq! fk!

Og||gpq=!

#! Cuugp|c!fk!ctgg!fk!kpvgtguug!pcvwtcnkuvkeq!pgnng!xkekpcp|g/!


197;0COD0ND03128! Rci/!263!fk!274

!

!

H/5/5/! OKPCEEG!!

#! Kpvgtxgpvq!tgcnk||cdkng!uqnq!c!ugiwkvq!fk!xctkcpvg!cink!uvtwogpvk!wtdcpkuvkek!xkigpvk=!

#! Ckilhboofpw qn_^jfopf`^ abhh�fjpbnrbjpk<!

#! Pwogtqug!kpvgthgtgp|g!pgnnc!tgcnk||c|kqpg!fgn!rtqigvvq/!

!

H/5/6/! Cpcnkuk!fgn!nkxgnnq!fk!eqorcvkdknkvâ!!

NKXGNNQ!

NKXGNNQ!

EQORCVK.

DKNKVÂ!

EQORCVKDKN

KVÂ!

RTQITCOOC

VKEC!

UVTWOGPVK!

RKCPKHKECVQ

TK!

Eqpukfgtcvq! ejg! nc! xctkcpvg! pqp! ê! ectvqitchkec! oc!

uqncogpvg! rtqegfwtcng! gf! ê! eqgtgpvg! eqp! ink! uvtwogpvk!

rkcpkhkecvqtk!xkigpvk-!uk!tkvkgpg!ejg!kn!nkxgnnq!fk!eqorcvkdknkvâ!

ukc!fc!eqpukfgtctg!cnvq/!

CNVQ!

EQORCVKDKN

KVÂ! WUQ!

FGNNG!

TKUQTUG!

EQPUWOK!

Rgt! swcpvq! tkiwctfc! kn! eqpuwoq! fk! ocvgtkg! rtkog-! pgn!

ecpvkgtg! fk! tgcnk||c|kqpg! fgn! rtqigvvq! uctcppq! wvknk||cvg!

ng! ocvgtkg! rtkog! rtqfqvvg! kp! nqeq/! Pqp! uctcppq!

pgeguuctkg!cnvtg!ocvgtkg!rtkog/!

Kp!hcug!fk!gugtek|kq!pqp!uqpq!rtgxkuvk!eqpuwok!fk!ocvgtkg!

rtkog=!kn!nkxgnnq!fk!eqorcvkdknkvâ!eqornguukxq!tkuwnvc!cnvq/!

CNVQ!

GOKUUKQPK!

Kp!hcug!fk!gugtek|kq!pqp!ek!uctâ!gokuukqpg!fk!kpswkpcpvk!q!

rqnxgtk!kp!cvoquhgtc/!

Rgt!swcpvq!tkiwctfc!ng!gokuukqpk!kp!cvoquhgtc-!kp!hcug!fk!

ecpvkgtg! ng! wpkejg! gokuukqpk! rtqfqvvg! uqpq! swgnng!

tkeqpfwekdknk! cnnc! oqxkogpvc|kqpg! fgk! og||k! fk!

ncxqtc|kqpg/!

Eqpukfgtcpfq!ng!c|kqpk!rtgxkuvg!rgt!kn!eqpvgpkogpvq!fgnng!

gokuukqpk! cpejg! kp! hcug! fk! ecpvkgtg-! kn! nkxgnnq! fk!

eqorcvkdknkvâ!eqornguukxq!tkuwnvc!ogfkq.cnvq/!

OGFKQ.

CNVQ!

EQORCVKDKN

KVÂ!

CODKGPVCNG!

G!

VGTTKVQTKC

NG!

XWNPGTCDKN

KVÂ!

CESWKHGTK!

L�^nb^ fj boîb jkj lnbobjp^ rfj`khf a^h lqjpk af rfop^

kftqigqnqikeq/!

Nc!xctkcpvg!eqp!nc!tgcnk||c|kqpg!fgn!rtqigvvq!eqpugpvg!fk!

fkokpwktg!kn!tkuejkq!fk!cnncicogpvq/!

Kn!nkxgnnq!fk!eqorcvkdknkvâ!eqornguukxq!tkuwnvc!cnvq/!

CNVQ!

IGQOQTHQN

QIKC!

L�^nb^ fj boîb rtgugpvc! rcngqfquuk! fk! oqfguvc!

tkngxcp|c< a^h lqjpk af rfop^ ofoif`k h�^nb^ y `hôofcf`^p^

kp!|qpc!3!)ogfkq.cnvc*/!


CNVQ!

PCVWTC!G!

RCGUCIIKQ!

Kn! rtqigvvq! fk! urquvcogpvq! fk! rctvg! fgn! vtceekcvq! fgnnq!

ueqnq!Hkwog!Xgvtq!rtgxgfg!cpejg!nc!tgcnk||c|kqpg!fk!wpc!

dcttkgtc!hqpqcuuqtdgpvg!fk!vgttc!g!xgigvc|kqpg/!Pqp!uqpq!

lnbrfopb ikafcfèb abhhb abopfj^vfkjf a�qok abhh�^nb^.!


CNVQ!

CUUGVVQ!

VGTTKVQTKC

NG!

L�^nb^ fj boîb lnbobjp^-! c! ugiwkvq!fk! tgcnk||c|kqpg! fgn!

rtqigvvq-! wp! kpfkeg! fk! fkurgtukqpg! wtdcpkuvkeq! )wtdcp!

urtcyn*!pwnnq-!cuuqekcvq!cf!wp!eqpuwoq!fk!uwqnq!pwnnq/!


CNVQ!

TKHKWVK!

Nc! tgcnk||c|kqpg! fgnnc! oqfkhkec! fgn! vtceekcvq! fgnnq! ueqnq!

`kjoknvf^hb �Ffqib Vbpnk� b abhhb aqb rôèb af

ncokpc|kqpg! eqorqtvgtâ! nq! urquvcogpvq! fk! kpigpvk!

CNVQ!


197;0COD0ND03128! Rci/!264!fk!274

NKXGNNQ!

NKXGNNQ!

EQORCVK.

DKNKVÂ!

swcpvkvcvkxk! fk! ocvgtkcng! guecxcvq! ejg! uctâ! swkpfk!

nf`khhk`^pk jbh pbnnbjk fj ^hpnk hqkdk ^hh�fjpbnjk! fgn!

rgtkogvtq! fk! ecpvkgtg/! Kp! swguvq! oqfq! pqp! uctcppq!

rtqfqvvk! tkhkwvk! g! uctâ! rquukdkng! tkwvknk||ctg! kn! ocvgtkcng!

guecxcvq!kp!oqfq!hwp|kqpcng/!

Kp! hcug! fk! ecpvkgtg! ink! wpkek! tkhkwvk! rtqfqvvk! uqpq! swgnnk!

abnfr^jpf a^hh�bopn^vfkjb af i^pbnf^hb bopn^jbk jbh jwqxq!

vtcvvq! guecxcvq/! Kn! vgttgpq! guecxcvq! uctâ! kpxgeg!

tkwvknk||cvq!kpvgtpcogpvg!cn!ukvq!rgt!nc!tgcnk||c|kqpg!fgnnc!

dcttkgtc!hqpq!cuuqtdgpvg!g!fgk!tkngxcvk!rtgxkuvk/!

Kp!hcug!fk!gugtek|kq!pqp!uctcppq!rtqfqvvk!tkhkwvk/!


CEWUVKEC!

Nc! tgcnk||c|kqpg! fgnnc! dcttkgtc! cewuvkec! kp! vgttc! g!

rbdbp^vfkjb `kjobjpb af nfaqnnb h�fil^ppk ^`qopf`k

abhh�filf^jpk Tîlfbnf.!

Kn!nkxgnnq!fk!eqorcvkdknkvâ!eqornguukxq!tkuwnvc!ogfkq.cnvq/!

OGFKQ.

CNVQ!

ECORK!

GNGVVTQOC

IPGVKEK!

Ckjofabn^jak èb hb ifoqnb bccbppq^pb a^ ARPA jbhh�^nb^

uqpq! ugortg! uvcvg! cn! fk! uqvvq! fgk! nkokvk! rtgxkuvk! g! pqp!

uqpq! rtgxkuvk! kpetgogpvk! fgk! xcnqtk-! kn! nkxgnnq! fk!

eqorcvkdknkvâ!eqornguukxq!tkuwnvc!cnvq/!

CNVQ!

TKUEJKQ!FK!

KPEKFGPVG!

TKNGXCPVG!

L�filf^jpk abhhc! Vcorkgtk! ê! encuukhkecvq! c! Tkuejkq! fk!

Kpekfgpvg!Tkngxcpvg/!

Ng! xctkcpvk! rtgxkuvg! cnng! uejgfg! fgk! rkcpk! xkigpvk! pqp!

ikafcf`^jk hb `^n^ppbnfopfèb abhh�filf^jpk.!

Kn!nkxgnnq!fk!eqorcvkdknkvâ!eqornguukxq!tkuwnvc!ogfkq.cnvq/!

OGFKQ.

CNVQ!

EQORCVKDKN

KVÂ!

KPHTCUVTWV

VWTCNG!

UGTXK\K!KP!

TGVG!

Eqpukfgtcpfq!èb jkj of nbjab jb`boo^nfk h�âbdqîbjpk

fgnng! tgvk! fk! ugtxk|kq! rgtejë! h�^nb^ pë! ê! ikâ! rtqxxkuvc-! kn!

nkxgnnq!fk!eqorcvkdknkvâ!eqornguukxq!tkuwnvc!cnvq/!

CNVQ!

TGVG!RGT!NC!

OQDKNKVÂ!

L�^nb^ fj boîb y dfw cknjfp^ abhhb fjcnôpnqppqnb opnâ^hf

pgeguuctkg!cn!eqnngicogpvq!eqp!nc!xkcdknkvâ!gukuvgpvg/!


CNVQ!

!

!

H/6/! Uegpctk!fk!rtgxkukqpg!!

Cnnq! ueqrq! fk! tgcnk||ctg! rtgxkukqpk! rgt! nc! rtqigvvc|kqpg! xgpiqpq! etgcvk! ink! uegpctk! ejg! hcppq! fc!

tkhgtkogpvq!cnnc!rkcpkhkec|kqpg!g!fc!uwrrqtvq!cnng!fgekukqpk/!

Ink!uegpctk!etgcvk!uqpq!hqpfcogpvcnogpvg!3<!

2/! Qr|kqpg! |gtq-! kp! swguvq! ecuq! pqp! xgttgddgtq! cvvwcvg! ng! xctkcpvk! cnng! uejgfg! fgk! rkcpk! fgn!

Eqowpg!fk!Hcgp|c!)RTI!g!TWG*!ejg!eqorqtvcpq!k!dgpghkek!rtgegfgpvgogpvg!gurnkekvcvk/!!

3/! Uegpctkq!fk!rtqigvvq!èb lnbjab fj `kjofabn^vfkjb h�fil^ppk dbjbn^pk fcnnc!vtcuhqtoc|kqpg!

wtdcpkuvkec!rtqrquvc/!

! !


197;0COD0ND03128! Rci/!265!fk!274

!

I/! XCNWVC\KQPG!FGINK!UEGPCTK!FK!RTQIGVVQ!!

Kn! rtgugpvg! Tcrrqtvq! codkgpvcng! fk! XCU!rtgxgfg! g! xcnwvc! ink! korcvvk!abnfr^jpf a^hh�^ppq^vfkjb abhhb

r^nf^jpf ^hhb oèbab af aqb abdhf opnqibjpf qn_^jfopf`f rfdbjpf jbhh�^nb^ (PRG b RUE) abhh^ Tîlfbnf

Hkpcpekcn!Itqwr!Urc!ukvc!vtc!xkc!Itcpctqnq!g!xkc!Ucp!Etkuvqhqtq!fk!Og||gpq!c!Hcgp|c/!

Nc! xctkcpvg! uk! eqphkiwtc! eqog! pqp! ectvqitchkec! oc! uqncogpvg! rtqegfwtcng-! rgtvcpvq! ink! uegpctk! fk!

rtqigvvq! hcppq! tkhgtkogpvq! cink! korcvvk! rtgxkuvk! c! ugiwkvq! fgnnc! tgcnk||c|kqpg! fgn! rtqigvvq! fk!

urquvcogpvq! fk! rctvg! fgn! vtceekcvq! fgnnq! ueqnq! hkwog! Xgvtq! g! etgc|kqpg! fk! wpc! dcttkgtc!

hqpqcuuqtdgpvg!kp!vgttc!g!xgigvc|kqpg!g!fquuk-!qnvtg!ejg!fk!fwg!xcuejg!fk!ncokpc|kqpg/!

!

!

I/2/! MR[dcRhZ^]V UV[[qZ\_Rcc^ Rc\^bWVaZT^!!

D^h lqjpk af rfop^ abhh�fil^ppk ^pikocbnf`k, h^ r^nf^jpb eqpugpvg! nq! urquvcogpvq! fk! rctvg! fgn!

vtceekcvq!fgnnq!ueqnq!hkwog!Xgvtq!g!nc!tgcnk||c|kqpg!nc!tgcnk||c|kqpg!fk!wpc!dcttkgtc!hqpqcuuqtdgpvg!kp!

vgttc!g!xgigvc|kqpg!g!fquuk!kp!vgttc/!

Pgnnq! uvcvq! fk! rtqigvvq! pqp! uctcppq! tkncuekcvg! gokuukqpk! kp! cvoquhgtc-! pgn! rkgpq! tkurgvvq! fk! swcpvq!

rtgxkuvq!fcn!RCKT!)ucnfq!|gtq!fgnng!gokuukqpk*/!

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T22! 2-HN! 58-2! 58-2! 1-1!

T23! IH!UQ!

5;-3! 5;-3! 1-1!

T23! 2-HN! 5;-8! 5;-8! 1-1!

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Ng!fkhhgtgp|g!kpfkecvg!vtc!ng!fwg!ukvwc|kqpk!uqpq!kp!vwvvk!k!ecuk!rctk!c!|gtq-!ukc!kp!rgtkqfq!fkwtpq!ejg!pqvvwtpq/!Ekô!

ukipkhkec! ejg! kn! rtqigvvq! pqp! jc! cnewpc! tkrgtewuukqpg! fcn! rwpvq! fk! xkuvc! cewuvkeq! pqp! eqorqtvcpfq! pë!

okinkqtcogpvq!oc!pgoogpq!ciitcxkq/!!

!

! !


197;0COD0ND03128! Rci/!271!fk!274

!

I/7/! MR[dcRhZ^]V UV[[qZ\_Rcc^ V[Vcca^\RX]VcZT^!!

Pqp!uqpq!rtgxkuvg!korngogpvc|kqpk!fgnng!tgvk!fk!ugtxk|kq-!ejg!uqpq!ikâ!cfgiwcvg/!

Ckjofabn^pf f r^hknf ifoqn^pf a^ ARPA, obilnb ^h af okppk abf hfifpf lnbrfopf, ^ppq^hibjpb h�^nb^ jkj y

etkvkec!kp!vgtokpk!fk!korcvvq!gngvvtqocipgvkeq/!

Nc!xctkcpvg!rtqrquvc!pqp!xc!cf!cnvgtctg!vcng!curgvvq/!

!

Kp!cuugp|c!fgnng!xctkcpvk!fk!rkcpq-!cnnq!uvguuq!oqfq-!pqp!xk!uctgddgtq!korcvvk!ciikwpvkxk!kp!vgtokpk!fk!

ecork!gngvvtqocipgvkek/!

!

!

I/8/! Xcnwvc|kqpg!fgn!vtchhkeq!kpfqvvq!!

Rgt! kn! rtqigvvq! rtqrquvq! fcnng! xctkcpvk! fk! rkcpq! kp! gucog! pqp! uqpq! rtgxkuvk! korcvvk! fc! vtchhkeq!

xgkeqnctg!pgnnq!uvcvq!fk!rtqigvvq/!

Ih lnkdbppk of `kjcfdqn^ `kib ifdhfknîbjpk abhh�ôobppk fan^qhf`k abhhk o`khk Ffqib Vbpnk, lbn mqbopk

pqp!uqpq!rtgxkuvk!kpetgogpvk!abh pn^ccf`k rbf`kh^nb abhh�^nb^.!

Tqppb hb klbn^vfkjf af o`^rk b ikrfibjp^vfkjb pbnn^ fj côb af `^jpfbnb of orkhdbn^jjk ^hh�fjpbnjk abh

rgtkogvtq!fk!ecpvkgtg-!gxkvcpfq!equî!fk!igpgtctg!vtchhkeq!uvtcfcng/!

Sf okppkhfjb^ `kib h�^nb^ fj boîb of pnkrf fj vkj^! hqtvgogpvg! vtchhkecvc!pgnng! koogfkcvg!xkekpcp|g!

abhh�qo`fp^ ^qpkopnâ^hb af F^bjv^.!

Rgtvcpvq!uk!tkvgpiqpq!ink!korcvvk!fc!vtchhkeq!xgkeqnctg!tkfqvvk-!ektequetkvvk!g!pqp!ukipkhkecvkxk/!

!

Kp!cuugp|c!fgnng!xctkcpvk!fk!rkcpq-!cnnq!uvguuq!oqfq-!pqp!xk!uctgddgtq!korcvvk!ciikwpvkxk!kp!vgtokpk!fk!

vtchhkeq!kpfqvvq!pgnnq!uvcvq!fk!rtqigvvq/!

!

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I/9/! MR[dcRhZ^]V UV[[qRb_Vcc^ V]VaXZR!!

Ng!xctkcpvk!fk!rkcpq!rtqrquvg!rtgxgfqpq! nq!urquvcogpvq!fgnnq!ueqnq! hkwog!Xgvtq! nc! tgcnk||c|kqpg!fk!

fquuk!kp!vgttc!g!xgigvc|kqpg!g!fwg!xcuejg!fk!ncokpc|kqpg/!

Nkj y lnbrfop^ h�âkvfkjb af l^npf`kh^nf fjaf`^vfkjf lbn h^ nfaqvfkjb abh `kjoqik af bjbndf^ jbh

eqorctvq!c!ugiwkvq!fgnnc!tgcnk||c|kqpg!fgn!rtqigvvq-!rgt!ng!ectcvvgtkuvkejg!rtqrtkg!fgn!rtqigvvq/!

!

Kp! cuugp|c! fgnnc! xctkcpvg! rtqrquvc-! pqp! xk! uctgddgtq! korcvvk! ciikwpvkxk! kp! vgtokpk! fk! eqpuwok!

gpgtigvkek!pgnnq!uvcvq!fk!rtqigvvq/!

!

!

I/;/! Xcnwvc|kqpg!uwnnc!rtqfw|kqpg!fgk!tkhkwvk!!

Ng!xctkcpvk!fk!rkcpq!rtqrquvg!pqp!eqorqtvcpq!korcvvk!pgicvkxk!rgt!nc!rtqfw|kqpg!fk!tkhkwvk/!

Kn! vgttgpq! oqxkogpvcvq! rgt! nq! uecxq! fgnnq! urquvcogpvq! fgnnq! ueqnq! uctâ! tkwvknk||cvq! kpvgtpcogpvg!

^hh�^nb^ af `^jpfbnb lbn h^ nb^hfvv^vfkjb af akoof b abhh^ _^nnfbn^ ckjkôokn_bjpb objv^ lnkaqvfkjb af

tkhkwvk/!

Pgcpejg! kp! hcug! fk! gugtek|kq! ê! rtgxkuvq! cnewp! kpetgogpvq! pgnnc! rtqfw|kqpg! fk! tkhkwvk! c! ugiwkvq! fgnnc!

tgcnk||c|kqpg!fgn!rtqigvvq!kp!gucog/!

!


197;0COD0ND03128! Rci/!272!fk!274

Kp!cuugp|c!fgnnc!xctkcpvg!rtqrquvc-!pqp!xk!uctgddgtq! korcvvk!ciikwpvkxk! kp! vgtokpk!fk!rtqfw|kqpg!fk!

tkhkwvk!pgnnq!uvcvq!fk!rtqigvvq/!

!

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I/21/! Xcnwvc|kqpg!uwnnc!rtgugp|c!fk!korkcpvk!TKT!!

Ng!xctkcpvk!fk!rkcpq!rtqrquvg!pqp!rtgxgfqpq!h�fjobafîbjpk af ^ppfrfpw `hôofcf`^pb `kib ^ Rfoèfk af

Kpekfgpvg!Tkngx^jpb jbhh�^nb^ fj boîb/!

L�filf^jpk abhh^ Tîlfbnf y `hôofcf`^pk `kib ^ Rfoèfk af Ij`fabjpb Rfhbr^jpb, i^ h^ r^nf^jpb jkj

cpftâ!c!oqfkhkectg!ng!uwg!ectcvvgtkuvkejg!kp!vgtokpk!fk!tkuejkq/!

L^ r^nf^jpb jkj lnkaq`b ikafcfèb ^hh�filf^jpk fj pbnifjf af fj`fabjpf lbn h^ lnbobjv^ af okop^jvb

ejkokejg!rgtkeqnqug/!

!

C!vcn!rtqrqukvq!uk!tkvkgpg!fk!pqp!fqxgt!eqpukfgtctg!gxgpvwcnk!kpvgtc|kqpk!rqvgp|kcnogpvg!fcppqug!vtc!

h�filf^jpk abhh^ Tîlfbnf!g!ng!xctkcpvk!fk!rkcpq!rtqrquvg/!

!

! !


197;0COD0ND03128! Rci/!273!fk!274

!

J/! OKVKIC\KQPK0EQORGPUC\KQPK!RTQRQUVG!!

Ng!xctkcpvk!kp!gucog!eqpugpvqpq!nc!tgcnk||c|kqpg!fgn!rtqigvvq!fk!urquvcogpvq!fk!rctvg!fgn!vtceekcvq!

fgnnq!ueqnq!Hkwog!Xgvtq!g!nc!tgcnk||c|kqpg!fk!fquuk!kp!vgttc!eqp!rkcpvwoc|kqpg!fk!cndgtk!g!ctdwuvk!g!fk!

wpc! dcttkgtc! hqpqcuuqtdgpvg! kp! vgttc! g! xgigvc|kqpg! rgt! nc! uejgtocvwtc! cewuvkec! fk! cnewpk! tgegvvqtk!

objof_fhf lkopf fj cnbdfk ^hh^ rf^ S^j Cnfopkcknk af Mbvvbjk< h�^nb^, af lnklnfbpw abhh^ Tîlfbnf Ffj^j`f^h

Itqwr!UrC!ê!nqecnk||cvc!c!Hcgp|c!gf!kpvgtguuc!nc!xkc!Itcpctqnq!g!nc!xkc!Ucp!Etkuvqhqtq!fk!Og||gpq/!

Rgt! ng!uwg!ectcvvgtkuvkejg!nc!xctkcpvg!ejg!eqpugpvg!nc!tgcnk||c|kqpg!fgnng!qrgtg!uk!eqphkiwtc!eqog!fk!

lq__hf`^ qpfhfpw, lbn fh ifdhfknîbjpk abhh�ôobppk fancwnkeq!fgnnq!ueqnq!Hkwog!Xgvtq!eqp!tkfw|kqpg!fgn!

tkuejkq! kftcwnkeq! fqxwvq! cink! kpugfkcogpvk! rtqfwvvkxk! c! oqpvg! fgnnq! uvcdknkogpvq! Vcorkgtk! g! fgk!

hgpqogpk!fk!guqpfc|kqpg!pgk!eqphtqpvk!fgink!gfkhkek!tgukfgp|kcnk!nkokvtqhk!cnnc!xkc!Ucp!Etkuvqhqtq/!

Kn!rtqigvvq!pqp!rtgxgfg!korcvvk!codkgpvcnk-!eqpukfgtcpfq!ejg!uctcppq!tkrtkuvkpcvg!eqorngvcogpvg!ng!

ctgg! c! ugiwkvq! fgnnq! urquvcogpvq! fgnnq! ueqnq=! pqp! uk! rtgxgfqpq! xctkc|kqpk! fgnng! cvvkxkvâ! ncxqtcvkxg!

fgink!filf^jpf fjobaf^pf jbhh�^nb^ (Tîlfbnf SlA, Tîlfbnf Ejbndfb Stn!g!Hcgp|c!Fgrwtc|kqpk!Utn*-!ejg!

pqp!tkuwnvcpq!okpkocpvg!kpvgtguucvk!fcn!rtqigvvq/!

Pqp!uqpq!rtgxkuvk!kpetgogpvk!fgnng!gokuukqpk!kp!cvoquhgtc!q!fgk!eqpuwok=!kn!vgttgpq!oqxkogpvcvq!rgt!

nq! uecxq! fgnnq! urquvcogpvq! fgnnq! ueqnq! uctâ! tkwvknk||cvq! kpvgtpcogpvg! ^hh�^nb^ af `^jpfbnb lbn h^

tgcnk||c|kqpg!fk!fquuk!g!fgnnc!dcttkgtc!hqpqcuuqtdgpvg!ugp|c!rtqfw|kqpg!fk!tkhkwvk/!

Nc!hcug!fk!ecpvkgtg!uctâ!nkokvcvc!c!ogpq!fk!5!oguk!rgt!nc!tgcnk||c|kqpg!fk!vwvvg!ng!qrgtg/!

!

Pqp! uk! rtgxgfqpq! rgtvcpvq! wnvgtkqtk! korcvvk! uw! pguuwpc! fgnng! eqorqpgpvk! codkgpvcnk! c! ugiwkvq!

abhh�^llnkr^vfkjb abhh^ r^nf^jpb ^dhf opnqibjpf qn_^jfopf`f èb `kjobjpb h^ nb^hfvv^vfkjb abh lnkdbppk/!

!

Rgt!k!oqvkxk!uqrtc!kpfkecvk!pqp!uk!tkvkgpg!fk!fqxgt!cfqvvctg!rctvkeqnctk!qrgtg!fk!okvkic|kqpg-!guugpfq!nc!

xctkcpvg!uvguuc!hwp|kqpcng!cnnc!tgcnk||c|kqpg!fk!qrgtg!fk!okvkic|kqpg/!

!

!

K/! KPFKECVQTK!G!OQPKVQTCIIKQ!!

Pqp! uk! rtqrqpiqpq! kpfkecvqtk! urgekhkek! rgt! kn! oqpkvqtciikq! codkgpvcng! fgnng! xctkcpvg! fk! rkcpq!

rtqrquvg-!rgt!ng!ectcvvgtkuvkejg!rtqrtkg!fgn!rtqigvvq/!

Uk!eqpukfgtk!vwvvcxkc!ejg!ink!curgvvk!rkû!korqtvcpvk!tgncvkxc!cnnc!tgcnk||c|kqpg!fgnnc!xctkcpvg!rtqrquvc!

uqpq!swgnnq!fgn!okinkqtcogpvq!kftcwnkeq!rgt!ink!gfkhkek!rquvk!uw!xkc!Og||gpq!g!nc!okvkic|kqpg!cewuvkec!

rgt!k!tgegvvqtk!itc|kg!cnnc!tgcnk||c|kqpg!fk!wpc!dcttkgtc!hqpq!cuuqtdgpvg/!

Eqp! swguvc! rtqoguuc! kn! oqpkvqtciikq! rwô! xgtvgtg! uwnnc! xcnwvc|kqpg! cewuvkec! ciikqtpcvc! c! ugiwkvq!

fgnnc! tgcnk||c|kqpg! fgnnc! dcttkgtc! hqpqcuuqtdgpvg! g! uwnnc! xcnwvc|kqpg! fgnnc! tkfw|kqpg! fk! gxgpvwcnk!

grkuqfk!fk!guqpfc|kqpg!rgt!ink!gfkhkek!nkokvtqhk/!

!

! !


197;0COD0ND03128! Rci/!274!fk!274

!

L/! CNVGTPCVKXG!RTQIGVVWCNK!!

Qnvtg!c!swcpvq!ikâ!eqpukfgtcvq!ê!fc!vgpgtg!rtgugpvg! kn! hcvvq!ejg! ng!xctkcpvk! cnng!uejgfg!TWG!g!RTI!

rtqrquvg! rgt! n�^nb^ Tîlfbnf d^n^jpfn^jjk h�ôobjv^ af qj pn^ppk abhhk o`khk ^hh�fjpbnjk abhh�^nb^

lnkaqppfr^ abhh�filf^jpk=!kp!swguvq!oqfq!uctâ!ueqpikwtcvq!kn!tkuejkq!fk!uxgtucogpvk!ceekfgpvcnk!kp!ecuq!

fk!gxgpvwcnk!kpekfgpvk/!

!

L�^j^hfof bccbppq^p^ ibppb fj hq`b h^ j^pqn^ lkofpfr^ abhhg! xctkcpvk! fk! rkcpq! rtqrquvg! rgt! h�^nb^

Vcorkgtk/!

Swguvc! ê! fqxwvc! hqpfcogpvcnogpvg! cn! okinkqtg! qtfkpg! ejg! nc! xctkcpvg! eqphgtkueg! cnnc! iguvkqpg! fgn!

hkwog!Ueqnq!Xgvtq-!cpejg!kp!eqpukfgtc|kqpg!fgnng!okvkic|kqpk!rtqrquvg!rgt!nc!tgcnk||c|kqpg/!

Cpejg! nc! pcvwtc! pqp! pgicvkxc! fgink! korcvvk! rtgxkuvk! rgt! n�^ppq^vfkjb abhh^ r^nf^jpb uwk! xctk! curgvvk!

eqpukfgtcpf ^rr^hkn^ hb `kj`hqofkjf nfjrbjqpb ^ obdqfpk abhh�^j^hfof bccbppq^p^.!

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pgicvkxk/!

Rgt! swguvk! oqvkxk-! g! rgt! swcpvq! oquvtcvq! cn! ecrkvqnq! E-! uk! tkvkgpg! ejg! ng! rtgxkukqpk! fgnnc! xctkcpvg!

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g!tkuwnvkpq!uquvgpkdknk!pgn!eqpvguvq!fk!kpugfkcogpvq/!

!

!

M/! Cnngicvk!!

Uqpq! fc! eqpuwnvctg-! rgt! wpc! okinkqtg! g! rkû! eqorngvc! rgteg|kqpg! fgk! eqpvgpwvk! fgnnc! rtgugpvg!

tgnc|kqpg!k!ugiwgpvk!fqewogpvk<!

'! Sèba^ lnkdbppk af RUE U.48 �Anb^ Tîlfbnf� fj r^nf^jpb<!

'! Uejgfc!fk!RTI!p/!;!Ctgc!Vcorkgtk!3!kp!xctkcpvg=!

'! Uejgfc!fk!RTI!p/!92!Ctgc!Rcnc||q!fgk!Htcvk!kp!xctkcpvg=!

'! Cpcnkuk!Citkrctcfkioc=!

'! C^n^ppbnfvv^vfkjb î_fbjp^hb abh jqkrk �S`khk Vbpnk�<!

'! Rtqxg!g!eqpvtqnnk!igqvgepkek!Igqfcvc=!

'! Fqewogpvc|kqpg!hqvqitchkec!fgnng!kpfcikpk/!

!

punti 1 e 2 vas tampieri financial group spa · of^ lkoof_fhb nb^hfvv^nhf jbh `kjpbopk af bafcf`f...

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