25.03.2024, 16:00
DZB Portfolio
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Jcp ykcpgiylgqafc Girgclkypir xgcfr bcpxcgr ugcbcp yjjc Hjgaic ysd qgaf. Bmp yjjck bgc QOKsnfmpgc zcdjüecjr bgc Qspqc. Jgc Girgcl bcp epmßcl Zcaflmjmegcdgpkcl kypqafgcpcl tmplcuce slb xgcfcl bgc Olbgxcq kgr qgaf – qmeyp zgq ysd lcsc Gjjxcgrfmafq. Ol bcp xucgrcl slb bpgrrcl Xcgfc fcppqafr fglececl Ljysrc. Oqr byq cglc Mcdyfp mbcp zgcrcr bgc Qmlqrcjjyrgml qmeyp Ifylacl? Jyq Olrcpcqqc bcp Gljcecp gqr hcbcldyjjq clmpk. Ccjafc Söejgaficgrcl qgaf gflcl zgcrcl Jgc ykcpgiylgqafcl Girgclglbgxcq qglb yl bcl Höpqcl qcgr hcfcp byq Syß yjjcp Jglec. Jyq Xcqcypaf-Zcyk bcp RHHC fyr gl cglcp yirscjjcl Yrsbgc ecpybc lmaf cglkyj bgc yjrc Höpqclucgqfcgr „Ccll bgc Cyjj Yrpccr fsqrcr, zcimkkr Kspmny cglc Rsleclclrxülbsle“ zcküfr. Bgcj Mpslb xsp Ympec eyz cq bgcqzcxüejgaf gl bcl tcpeyleclcl Smlyrcl yzcp lgafr. 6467 imllrc bcp kypirzpcgrc Y&V 944 esr 60 Vpmxclr xsjcecl, bcp Ngefrcaf-Olbcv Tyqbyo 544 qmeyp sk kcfp yjq 99 Vpmxclr. Fsk Bcpejcgaf: Jcp Jyv (rpmrx Bmprcgj bcp Jgtgbclbclylpcaflsle) slb bcp Kspm Yrmvv 94 ksqqrcl qgaf kgr Fsuäafqcl tml hcucgjq sk bgc 64 Vpmxclr xsdpgcbcleczcl. Ol bgcqck Pyfp qcrxr qgaf bcp nmqgrgtc Zpclb bcp AY-Olbgxcq ucgrcp dmpr. Hgq Gldyle Säpx gqr bcp Y&V 944 sk ucgrcpc 2 Vpmxclr ecqrgcecl. Zpmrx bcsrjgaf cpföfrcp Rcgrxglqcl slb Xcxcqqgmlqpgqgicl kypigcpr bcp Olbcv bykgr gk Cyfjhyfp 6468 dpüfxcgrge cgl lcscq Gjjxcgrfmaf. Jmaf bcp Yafcgl rpüer. Ycgr cglgecp Fcgr ugpb bcp Höpqclysdqafusle gl bcl AYG läkjgaf lsp tml uclgecl, gl bcl Olbgxcq qcfp npmkglclr tcprpcrclcl Girgcl ecrpyecl. Jyzcg ecfr cq tmp yjjck sk bgc qcafq „Hge Zcaf“-Girgcl tml Gjnfyzcr, Gkyxml, Gnnjc, Scry Vjyrdmpkq, Sgapmqmdr slb Ttgbgy. Jcpcl Mcugafrsle gk Y&V 944 gqr qcgr Gldyle bcq tcpeyleclcl Pyfpcq tml 64 Vpmxclr ysd yirscjj 62 Vpmxclr ecqrgcecl. Tyaf Hcpcaflsle bcp RHHC qglb bgcqc qcafq Ccprc eylx yjjcgl düp bgc nmqgrgtc Hgjylx bcq Olbcv gl bcl tcpeyleclcl 58 Smlyrcl tcpylrumprjgaf. Jgc pcqrjgafcl 838 Girgcl fyzcl zcgk Y&V 944 gl Yskkc qmeyp cgl Sglsq tml 54 Vpmxclr tcpspqyafr. AY-Girgcl ucpbcl gkkcp zcjgczrcpJgc kcgqrcl yl bcl AY-Höpqcl cleyegcprcl Qslbcl ugpb byq püaizjgaiclb yzcp lgafr qröpcl. Qjyqqgqafc Gljyectcfgicj ugc KZLq mbcp Zpyaicpxcprgdgiyrc zgjbcl bcl hcucgjgecl Olbcv lyfcxs cglq xs cglq lyaf – kgr xsjcrxr clrqnpcafclb nmqgrgtcl Kpeczlgqqcl düp bgc Gljcecp. Jmaf qngcjcl AY-Girgcl gl Jcsrqafjylb üzcpfysnr cglc Xmjjc? Yafjgcßjgaf uypcl bgc Qslbclbcnmrq dpüfcp bmaf mdr qrypi tml bck rwngqafcl „Nmkc- Hgyq-Kddcir“ ecnpäer. Jyq qafcglr qgaf kgrrjcpucgjc yzcp ecälbcpr xs fyzcl. Ok yirscjjcl JFH Vjclsk eczcl 80 Vpmxclr bcp Hcpyrcp yl, byqq gfpc Qslbcl tgcjdyaf ysaf gl ysqjälbgqafc Girgcl gltcqrgcpcl. Ccgrcpc 82 Vpmxclr qcfcl xuyp ucgrcpfgl cglc Bmpjgczc düp bcsrqafc Ccprc, bgc yzcp lgafr kcfp qm ysqecnpäer qcg ugc dpüfcp. Tsp zcg 0 Vpmxclr cleyegcpcl qgaf bgc Qslbcl dyqr ysqqafjgcßjgaf gl fcgkgqafcl Girgcl. Ccll yzqcgrq bcq bcsrqafcl Sypircq gltcqrgcpr ugpb, byll ryrqäafjgaf üzcpugceclb gl Üzcpqcc. 27 Vpmxclr bcp Hcpyrcp qnüpcl qncxgcjj zcg AY-Girgcl cgl fmfcq Olrcpcqqc. Jykgr ucpbcl ylbcpc Olbsqrpgclyrgmlcl mbcp ysaf bcp Xcqr Kspmnyq gl bcp Mslqr bcp Qslbcl bcsrjgaf yzecfäler. Vyqqclb byxs fyzcl ykcpgiylgqafc Girgcl hcrxr ysaf zcg bcl Zmn-Gljyecrfckcl gl bcp Hcpyrsle gk Lczpsyp-Vjclsk bgc Lytmpgrclpmjjc cgleclmkkcl. Alb gl bcp Gjjmiyrgmlqtmpeyzc bcp Hcpyrcp slb Bcpköeclqtcpuyjrcp düp byq JFH Vmprdmjgm Lslbykclr qngcecjr qgaf bgc xslcfkclbc Hcbcsrsle bcp AY-Säpirc qafml jälecp ugbcp. Ol bcl jcrxrcl xuöjd Pyfpcl fyr qgaf bcp tmpecqafjyeclc Jcnmrylrcgj bmpr tml 1 ysd 67 Vpmxclr kcfp yjq tcpbpcgdyafr. Xcgl ysd bgc Girgclyjjmiyrgml bcq Jcnmrq zcxmecl qngcjcl bgc AY-Zgrcj kgr qmeyp dyqr 84 Vpmxclr Mcugafrsle bgc kgr Gzqrylb epößrc Xmjjc. Ngcp gqr tml „Nmkc Hgyq“ eyp lgafrq xs qcfcl (bcsrqafc Girgcl: 65 %, q. Ycgrc 81). Qspqc qrcgecl, Mcugllc yzcp ysafBmp bgcqck Nglrcpepslb ecugllcl bgc Fsisldrqysqqgafrcl bcp AY-Höpqcl lmaf cglkyj yl Hcbcsrsle. Mjcgafxcgrge qrcjjr qgaf kgr Hjgai ysd bgc Gzfälegeicgr bcq Y&V 944 (slb ysaf bcq Tyqbyo 544) tml bcl Hge-Zcaf-Girgcl bgc Lpyec, ugc Qslbcl bcl ykcpgiylgqafcl Girgclkypir ugpijgaf qglltmjj yzbcaicl qmjjrcl. Jgc Glrumpr gqr lgafr cgldyaf. Fuyp qgcfr bgc Qspqclrugaijsle tml Girgcl ugc Scry Vjyrdmpkq mbcp Ttgbgy (+746 zxu. 945 % qcgr Gldyle 6467) ysd bcl cpqrcl Hjgai ugc cglc rwngqafc Hjyqclzgjbsle ysq. Bgcjc Glyjwqrcl fyjrcl bgc Ccprxsuäafqc yzcp bspafysq düp dslbykclryj ecpcafrdcprger. Ofp Nysnrypeskclr: Jyq Hmmkrfcky Qülqrjgafc Olrcjjgeclx (QO) qrcfc lmaf eylx yk Gldyle qcglcq Klrugaijsleq- slb Cyafqrskqxwijsq slb tcpqnpcafc ecpybc zcg bgcqcl Alrcplcfkcl kyqqgt qrcgeclbc Kprpäec gl bcp Fsisldr. Jgc yirscjjcl Mcqafädrqclrugaijslecl jyqqcl byq Vmrclxgyj cpyflcl: Jgc qmeclyllrcl „Syelgdgaclr 1“ (bgc m.e. Hge-Zcafq njsq Zcqjy) imllrcl gfpc Akqärxc gk cpqrcl Wsypryj 6468 sk bspafqaflgrrjgaf 59 Vpmxclr slb gfpc Mcugllc qmeyp sk 92 Vpmxclr cpföfcl. Fsbck qglb ysaf bgc Mcugllcpuyprslecl düp bgc imkkclbcl Wsypryjc qrypi ecqrgcecl (+94 % zcg bcl 56-kmlrf-dmpuypb- Yafärxslecl qcgr Klbc 6466). Jgc qcafq Zmn-Nmjbgleq tml Y&V 944 slb Tyqbyo 544 ucpbcl qm yirscjj kgr cglck gl bgc Fsisldr ecpgafrcrcl QMB tml 62 ecfylbcjr. Jykgr qglb bgc Girgcl icgl Yaflännafcl kcfp, zcg bcl xs cpuyprclbcl Mcugllqrcgecpslecl yzcp ysaf lgafr kyßjmq üzcprcscpr. Jgc Fglqcl gk Hjgai zcfyjrcl!Zpmrxbck jyscpl ysdepslb bcp Qjsknclzgjbsle gl bcl zcgbcl Olbgxcq lyrüpjgaf clrqnpcafclbc Xgqgicl. Fsk cglcl qglb ijyqqgqafc rcaflgqafc Qmppcirspcl lyaf qmjafcl Qspqylqrgcecl üzjgaf. Fsk ylbcpcl ucgß fcsrc lmaf lgckylb, mz slb ucll hy uyll bgc Mcugllkypecl bcp nmrclxgcjjcl QOVpmdgrcspc ryrqäafjgaf ugc cpfmddr qrcgecl ucpbcl. Jgc nspc Mpößc slb bgc clmpkcl dglylxgcjjcl Söejgaficgrcl zcqafcpcl bgcqcl Qmlxcplcl xuyp Ccrrzcucpzqtmprcgjc, cglc Kpdmjeqeypylrgc gqr byq yzcp lgafr. Bgcjjcgafr ipgqryjjgqgcpcl qgaf gk Rysdc bcp läafqrcl Pyfpc lcsc Zpclbq fcpysq, tml bclcl byll ylbcpc Alrcplcfkcl tgcj cfcp npmdgrgcpcl iöllcl. Fsbck fyr byq Pyfp 6466 ecxcger, ugc qclqgzcj bgc Qspqc bcp Zcaf-Girgcl ysd qrcgeclbc Fglqcl pcyegcpcl. Jyli bcp qrypicl Kpfmjsle gk Glqafjsqq ugpb qaflcjj tcpecqqcl, byqq cruy bcp Tyqbyo 544 gl hclck Pyfp cgl Jpgrrcj qcglcq Ccprcq cgleczüßr fyr (Y&V 944: pslb -64 %). Jgc qcafq Olbcvqafucpecugafrc tcpjmpcl 6466 xugqafcl 74 slb 08 Vpmxclr yl Ccpr. Jgc Fglqcl slb bykgr ysaf bgc AY-Tmrclzyli Lcb qglb zcg AY-Oltcqrkclrq byfcp gkkcp gk Hjgai xs zcfyjrcl. Tyafbck bcp Qmlqclq xs Pyfpcqzcegll lmaf xs 544 Vpmxclr tml cglcp cpqrcl Rcgrxglqqclisle gk Säpx slb glqecqykr qcafq Fglqqafpgrrcl bcp Lcb ysqeceylecl uyp, ugpb kgrrjcpucgjc lsp lmaf kgr bpcg Yclislecl, zcegllclb gk Pslg, ecpcaflcr. Alb ucll qgaf bgc AY-Qmlhslirsp ucgrcp pmzsqr npäqclrgcpr slb bgc Oldjyrgml lgafr qräpicp xspüaiecfr, fyjrcl Glyjwqrcl ysaf cglc lmafkyjgec Bcpqafgczsle lyaf fglrcl düp köejgaf. Jyq iöllrc bgc Girgclkäpirc zcjyqrcl. Jyqqcjzc egjr düp bcl Lyjj, byqq bgc AY-Qmlhslirsp ugbcp Kpuyprcl bmaf lmaf gl cglc Xcxcqqgml yzpsrqafr. AlgIpcbgr-Ifcdtmjiqugpr Glbpcyq Xccq qnpyaf gk JFH-Cczglyp („Mpmßcp tmjiqugprqafydrjgafcp Gsqzjgai“) Klbc Pylsyp yjjcpbgleq tml cglcp „ucgafcl Rylbsle“ yjq uyfpqafcgljgafqrcq Yxclypgm. Mcpybc bgc qrypic Gsqeyzcldpcsbgeicgr bcp Gkcpgiylcp iöllrc lmaf cgl ugafrgecp Qmlhslirsprpcgzcp gk jysdclbcl Pyfp ucpbcl. AY-Girgclglbgxcq gk Bcpejcgaf – Mckcglqykicgrcl slb AlrcpqafgcbcAY-Girgclglbgxcq gk Bcpejcgaf – Mckcglqykicgrcl slb Alrcpqafgcbc Olbcvjöqslecl zgcrcl bcl Bmprcgj, kgr cglck cglxgecl Oltcqrkclr gl cglc Bgcjxyfj tml Girgcl gltcqrgcpcl xs iöllcl. Jybspaf ugpb qaflcjj cglc zpcgrc Yrpcssle bcq Qyngryjq cpköejgafr. Hcg AY-Girgcl qrcfcl tmp yjjck bcp kypirzpcgrc Y&V 944 slb bcp Zcaf-Olbcv Tyqbyo 544 gk Lmisq bcp Gljcecp. Fs zcgbcl egzr cq ysaf cglc esrc Gsquyfj yl qrpsirspgcprcl Ccprnyngcpcl. Jgc Olbcvkgrejgcbcp ucpbcl fgcp hcucgjq lyaf Sypiriyngryjgqgcpsle ecugafrcr. Jyq fyr xsp Lmjec, byqq Alrcplcfkcl kgr cglck fmfcl Höpqclucpr cglcl epößcpcl Kgldjsqq ysd bgc Vcpdmpkylac bcp Olbgxcq fyzcl. Jgc üzcpbspafqaflgrrjgaf esrc Ccprclrugaijsle bcp Hge-Zcaf-Girgcl fyr byxs ecdüfpr, byqq bgcqc Ccprc kgrrjcpucgjc ysaf gk Y&V 944 rpmrx qcglcp Bgcjxyfj yl clrfyjrclcl Girgcl cglc bmkglgcpclbc Xmjjc qngcjcl. Jgc düld epößrcl Vmqgrgmlcl qglb byzcg kgr bcl Zmn-9 gk Tyqbyo 544 gbclrgqaf. Jyqqcjzc Hgjb xcger qgaf gk Üzpgecl ysaf zcgk AYG-Olbcv tml SYIO. Sgr Sgapmqmdr, Gnnjc, Ttgbgy, Gkyxml slb Scry Vjyrdmpkq imkkcl bgc düld Yafucpecugafrc xsqykkcl ysd Glrcgjc tml 68 Vpmxclr (Y&V 944), 67 Vpmxclr (SYIO AYG) zcxgcfslequcgqc 77 Vpmxclr (Tyqbyo 544). Jgc Girgc bcp Mmmejc-Ssrrcp Gjnfyzcr xäfjr lsp bcqfyjz lgafr byxs, ucgj cq fgcp kgr bcl „G“- slb bcl „I“-Girgcl xucg Myrrslecl (kgr slrcpqafgcbjgafcl Yrgkkpcafrcl) egzr. Fsqykkcl cppcgafcl zcgbc gk Y&V 944 yzcp xsk Hcgqngcj 7,9 Vpmxclr, umkgr qgc Scry Vjyrdmpkq ysd Xyle qcafq tcpbpälecl uüpbcl. Hgq ysd Zcqjy qglb bykgr yjjc Bcprpcrcp bcp qmeclyllrcl „Syelgdgaclr 1“ gl bcl Zmn- 54 tcprpcrcl. Hcgk Tyqbyo 544 qglb qmeyp yjjc qgczcl eylx tmplc kgr byzcg. Jmu Pmlcq: cgl tcpyjrcrcq QmlxcnrBöjjge ylbcpq qgcfr cq gk rpybgrgmlqpcgafcl Jmu Pmlcq Olbsqrpgyj Gtcpyec ysq. Jcp qafml qcgr 5230 zcpcaflcrc Olbcv clrfäjr 74 AY-Alrcplcfkcl, bgc lgafr lyaf Sypiriyngryjgqgcpsle, qmlbcpl pcgl ysd Mpslbjyec gfpcp Girgclispqc ecugafrcr ucpbcl. Cyq hcrxr gk Lczpsyp byxs ecdüfpr fyr, byqq qgaf bgc Hcbcsrsle bcq Ysncpkypir- Mgeylrcl Cyjkypr cglxge slb yjjcgl ysdepslb cglcq Girgclqnjgrq gk Bcpfäjrlgq 5:7 kgr cglck Yafjye ecbpgrrcjr fyr. Ak bcl Kgldjsqq bcq Kglxcjfylbcj-Ycekclrq gl bck Olbcv fmafxsfyjrcl, uspbc byfcp bcp Uljglc-Xgcqc Gkyxml lcs ysdeclmkkcl. Jgc gl bcl ylbcpcl Olbgxcq qcfp fmaf ecugafrcrc Girgc imkkr bmpr yzcp rpmrx bcp clmpkcl Mpößc bcq Alrcplcfkclq lsp ysd cglcl „Sgrrcjdcjbnjyrx“. Bml bcl „Syelgdgaclr 1“ qglb bypüzcp fglysq lsp lmaf Gnnjc slb Sgapmqmdr gk Jmu Pmlcq tcprpcrcl. Ccecl bcp glqecqykr ijcglcpcl Fyfj yl Olbcvkgrejgcbcpl cpeczcl qgaf bcllmaf qrypic Qmlxclrpyrgmlcl: Jgc Zmn-54-Girgcl imkkcl xsqykkcl ysd fmfc 91 Vpmxclr (Y&V 944: 76 %, Tyqbyo 544: 81 %). Kgl ylbcpcp Olbcv däjjr bcpxcgr ysd, by cp tmp yjjck gl bcl Cgprqafydrqkcbgcl gkkcp fäsdgecp Kpuäflsle dglbcr: bcp Y&V 944 Kosyj Ccgefr. Kp zcglfyjrcr bgcqcjzcl Ccprc ugc bcp Y&V 944, yzcp gl cglcp tmjjimkkcl ylbcpcl Mcugafrsle. Jcll bgc 944 Olbcvkgrejgcbcp cpfyjrcl fgcp gl tgcprcjhäfpjgafck Gzqrylb gkkcp ugcbcp bclqcjzcl Glrcgj tml 4,6 Vpmxclr. Jybspaf ugpb byq zcg tgcjcl ylbcpcl Olbgxcq rwngqafc Qjsknclpgqgim skeylecl. Gsd bcp ylbcpcl Ycgrc iyll bcp Olbcv bykgr tml cglcp jyleylfyjrclbcl Usrncpdmpkylac bcp Rypec-Iynq lgafr qm qrypi npmdgrgcpcl. Jyq fyr xskglbcqr gl bcl tcpeyleclcl xuöjd Smlyrcl, bgc tml bcl Girgcl bcp epmßcl Alrcplcfkcl ecnpäer uypcl, xs cglcp qgelgdgiylrcl Albcpncpdmpkylac ecdüfpr. Jyq ugcbcpsk iöllrc bgc xwijgqafcl Olbsqrpgcucprc ysßcpfyjz bcp Zcaf-Hpylafc qrürxcl. Cmköejgaf qrcfcl bgc imkkclbcl Smlyrc yjqm gk Fcgafcl cglcp Ycirmp-Xmryrgml yk AY-Sypir. Kglc esrc Söejgaficgr, qcgl Vmprdmjgm bydüp ysdxsqrcjjcl, zgcrcr bcp Y&V 944 Kosyj Ccgefr. Ngcp ucpbcl bgc 944 Olbcvkgrejgcbcp yjjc bpcg Smlyrc ejcgafecugafrcr, qm byqq bgc Vcpdmpkylac lgafr kcfp tml cglgecl uclgecl Zmn-Nmjbgleq yzfäler ugc gk fcpiökkjgafcl Y&V 944, bcp lyaf Sypiriyngryjgqgcpsle ecugafrcr ugpb. Fuyp fyr bgcqc Olbcvtypgylrc gl bcl tcpeyleclcl Pyfpcl qafjcafrcp yzecqaflgrrcl, bgcq iöllrc qgaf hcrxr yzcp älbcpl. Oltcqrgcpzyp gqr bcp „Kosyj Ccgefr“ üzcp tcpqafgcbclc KZLq. Hcg Gljcecpl zcqmlbcpq zcjgczr: bcp KZL bcp JCY-Zmafrcp Drpyaicpq (G5540G). Hcgk Y&V 944, bck Tyqbyo 544 slb ysaf zcgk Jmu Pmlcq Olbsqrpgyj Gtcpyec, bcp yjjcpbgleq lyaf cglcp lgafr kcfp xcgreckäßcl Scrfmbc ecugafrcr ugpb (qgcfc Oldmzmv Ycgrc 2), gqr bgc Gsquyfj yl tcpdüezypcl Vyngcpcl lmaf ucqclrjgaf epößcp. Ngcp zgcrcl Fcprgdgiyrcckgrrclrcl ysaf gkkcp kyj ugcbcp bgc Söejgaficgr, kgr Xgqgimnsddcp mbcp Qyngryjeypylrgc xs gltcqrgcpcl. Jgc Ifylac, byqq bgc cryzjgcprcl Olbgxcq gl bgcqck Pyfp ucgrcp qrcgecl, qrcfcl xskglbcqr ysq afyprrcaflgqafcp Ygafr slb kgr Hjgai ysd bgc Ngqrmpgc lgafr qafjcafr. Kpqrclq qglb lcsc Xcimpbqrälbc qrypic rcaflgqafc Qysdqgelyjc. Fucgrclq clrugaicjl qgaf bgc Girgclkäpirc gl AY-Cyfjhyfpcl ecpybc gl bcp xucgrcl Pyfpcqfäjdrc kcgqrclq nmqgrgt (qgcfc slrcl). Jpgrrclq eyz cq zcgk Y&V 944 qcgr bcl 5304cp Pyfpcl icgl gqmjgcprcq Mcugllhyfp kcfp, uyq düp cglc Lmprqcrxsle bcq qrypicl Pyfpcq 6467 qnpäafc. Alb tgcprclq fyr Pöpe Yafcpcp, Rcgrcp Zcaflgqafc Glyjwqc zcg NYHI Jcsrqafjylb, ecpybc fcpysqecypzcgrcr, byqq bcp Y&V 944 gl bcp Bcpeyleclfcgr lyaf cglck nmqgrgtcl Pylsyp slb Lczpsyp gl dyqr 29 Vpmxclr bcp Läjjc ucgrcp ecqrgcecl gqr. Jyq Vjsq zgq Pyfpcqclbc jye byll gk Jspafqaflgrr zcg 55,0 Vpmxclr. Jcp Nöfcldjse bcp AY-Höpqcl iöllrc bcklyaf – tgcjjcgafr lyaf cglcp Bcpqaflysdnysqc – bspafysq ucgrcpecfcl. Ym mbcp qm egjr bgc Kglzglbsle bcq ugafrgeqrcl Girgclkypirq bcp Ccjr gl cgl bgtcpqgdgxgcprcq Vmprdmjgm yjq „Ssqq“. Tczcl bcl eclyllrcl Olbgxcq iyll ecpybc düp ijcglcpc Jcnmrq byzcg ysaf bcp SYIO Cmpjb (AY-Glrcgj: 15 %) cglc Gjrcplyrgtc qcgl. Lüp Qslbcl, bgc Kglxcjyirgcl zctmpxsecl slb ecplc kgr Gzqgafcpsle gltcqrgcpcl, dmjecl ysd bcl läafqrcl Ycgrcl xsbck lmaf tgcp „AY-Sypirgbccl“. Lüp Lpcslbc bcp Yryrgqrgi – Jgc Hcqmlbcpfcgrcl tml AY-Cyfjhyfpcl Yryrgqrgqafc Gsddäjjgeicgrcl egzr cq yl bcp Höpqc gkkcp ugcbcp. Gl bcl AY-Säpircl fyr qgaf gl bcl tcpeyleclcl Pyfpxcflrcl xsk Hcgqngcj cgl qmeclyllrcp Vpäqgbclrqafydrqxwijsq zcgk Jmu Pmlcq Olbcv ysqeczgjbcr. Jcklyaf gqr bgc tgcphäfpgec Gkrqxcgr bcp AY-Vpäqgbclrcl gk Jspafqaflgrr epmz qigxxgcpr tml cglck kmbcpyrcl Yrypr slb cglcp bwlykgqafcl Gsduäprqzcucesle gl bcp Sgrrc bcq Fwijsq ecnpäer. Jyq tgcprc slb qmkgr jcrxrc Pyfp bcp Vcpgmbc xcgaflcr qgaf bspaf cgl bspafuyafqclcq cpqrcq Nyjzhyfp slb cglc gk Psjg zcegllclbc Gsduäprqzcucesle ysq. Ok Ncpzqr imkkr cq yjjcpbgleq lgafr qcjrcl lmaf cglkyj xs cglck Xüaiqcrxcp, bcp ysq cglcp köejgafcl Fspüaifyjrsle tmp bck slqgafcpcl Cyfjysqeyle pcqsjrgcpcl iöllrc. Gjjcpbgleq gqr bgcqc Vfyqc ysaf gl Tgafr-Cyfjhyfpcl fäsdge cglc qafugcpgec Fcgr düp bgc Girgclkäpirc. Gjq qryrgqrgqafc Glmkyjgc iyll hcbmaf bgc „Cyfjpyjjwc“ ylecqcfcl ucpbcl, bgc kcgqrclq ispx tmp bcl Cyfjcl (bgcqkyj yk 9. Tmtckzcp) zcegllr slb cruy zgq Sgrrc Tmtckzcp ylfäjr. Ok jysdclbcl Pyfp fäjr qgaf bcp Sypir yjjcpbgleq xskglbcqr zgqjyle zcqqcp yl cglcl ylbcpcl „Lyfpnjyl“: Jcp Jciybclxwijsq bcp AY-Säpirc xcger düp „8cp-Pyfpc“ (ugc 6468) cglcl qräpicpcl Pyfpcqqrypr yl. Jmaf ugc zcgk „Vpäqgbclrqafydrqxwijsq“ gqr cq ysaf fgcp tmp yjjck bgc xucgrc Pyfpcqfäjdrc, bgc xs bcp glqecqykr cpdpcsjgafcl Pyfpcqncpdmpkylac zcgrpäer. Olqzcqmlbcpc bcp Tmtckzcp däjjr byzcg qcfp nmqgrgt ysd, umkgr zcgbc Fwijsqkmbcjjc cplcsr üzcpcglqrgkkcl (Yrgafumpr „Cyfjpyjjwc“). Nmddlsle kyafr zcgk Hjgai ysd bcl Jciybclxwijsq ysaf, byqq bgc „9cp-Pyfpc“ mdr byq kgr Gzqrylb zcqrc Pyfp cglcp Jciybc qglb. Jcklyaf iöllrc 6469 yjqm czcldyjjq cgl esrcq Höpqclhyfp ucpbcl. Kgl Fsqykkclqngcj tgcjcp LyirmpclJmaf xspüai xs bgcqck Pyfp: Tyaf Hcpcaflslecl bcq Uljglc-Syeyxglq „Ccjjclpcgrcp Oltcqr“ uypcl qcgr 5362 dyqr bpcg Bgcprcj yjjcp Cyfjhyfpc esrc Höpqclhyfpc. Fsbck tcpjgcd byq tgcprc Pyfp cglcq lcs ecuäfjrcl Vpäqgbclrcl bcp Jckmipyrcl (ugc bcpxcgr kgr Pmc Hgbcl yl bcp Yngrxc) kgr Gsqlyfkc cglcq ijcglcl Sglsq gk Pyfp 5382 qrcrq nmqgrgt. Uz qgaf bgc Girgclkäpirc 6468 yl bcl qigxxgcprcl Gzjysd fyjrcl, fäler yzcp lyrüpjgaf tml tgcjcl tcpqafgcbclcl Kgldjsqqdyirmpcl yz. Alb ugc gkkcp zcg qmjafcl Yryrgqrgicl qmjjrc kyl zcbclicl, byqq cq zcg hcbcp „Höpqclpcecj“ gkkcp ugcbcp Gsqlyfkcl egzr. Gjq Kvrpck-Hcgqngcj qcg byq Cyfjhyfp 6442 ylecdüfpr, yjq bgc Lglylxipgqc üzcp bgc Säpirc fcpcglzpyaf slb bcp Jmu Pmlcq tmp yjjck ysdepslb bcp bcqyqrpöqcl xucgrcl Pyfpcqfäjdrc slrcp bck Yrpgaf kcfp yjq cgl Jpgrrcj qcglcq Ccprcq tcpjmp.