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npilnaraHilTe MeroAl4 Ha aMoprl43aqilg Ha aKruBure u aKo oqaKBaHuATa ce pa3nilqaBal'or npeAXOAHUre

npu6nrsureflHu olleHKu nocneAHure ce npoMeHFT'

,Qunrorpafrnhre Marepilan{u aKtvlBV Ce aMoprl43r4par no nuneilnus MeroA npe3 TexHug nofle3eH cpoK Ha

eK6nngaTaqilF, KaTo OTLIeTHaTa AnU npegqeHbqHaTa ilM CrOilnOCr Ce FlaManCBa AO pa3Mepa Ha

ocrarbqHara ru crofinocr ct c cneAHhre roAilutH14 aMoprl43aqnoHHt4 HOpMl,l, Kol4TO Ce nph3HaBar v 3a

AaHbqHu qenu:

CrpaAu4o/o

30Yo

@paeo Fta nonsaaxe Fla co$rvepA ^ - a r r a A r r n r r

50%25Yo

Ilovru Atnrorpafr Hil a!q4qI 1SYo

t5

HeuarepuanHure aKrulBl4 npeAcraBncBar nporpaMHil npoAyKTl4 ta nilqeH3n'

Ae Hoeo EAA

Orqer sa naprqHhre noroqx

flrpeonavanHara oLleHKa Ha HeMarepnantn aKTilBr4 npr npr4o6rBaHero HUI ce ollehFBa no qeHa Ha

npu4o6ueane, KoFTo BKnrcqBa noKynHara qexa (nnareHara nul{eHsiloHHa raKca), BKnK)qilTenHo Mura u

HeBb3craHoBt4Mu AaHbqu) ll acnvru npeKil pagxoAV 3a noAroroBKa Ha aKrilBa 3a [snon3BaHero My no

npeAHasHaqeHue.HeuarepuanHuer aKrilB ce orqilra no qeHa na npu4o6reane (ce6ecroftnocr), HaManeHa c HarpynaHara

aMopru3aLlilc il eBeHryanHu Harpynaausary6u or o6esqexra.

flpyxecraoro He onpeAenn Bb3craHoBt4Ma croftnocr. flpu nanurne Ha AocTiarbqHo HaAeXAHu ycnoBnf,

npeAnpusr4ero npepa3rne4a 6anancoBara croinocr Ha HeMarepranHure aKT!1814 t4 onpeAenf, TFXHara

Br3craHoBr4Ma crofi noct.OrnilceaHero Ha HeMarepuanHure aKTilBtd or 6ananca e npil npoAax6a unu Koraro aKTnBbr oKoHqarenHo

6r4e rasae4eH OT ynoTpe6a l,l cneA oTn]4CBaHerO My He Ce OqaKBaT HilKaKBu Ap\/ril rKOHOtul4LlecKu l{3roAu.

HeuarepuanHure aKTuBtr ce aMoprr43r4par no nilHefrHuc MeroA cbc cneAHure aMoprusaqnoHH14 HopM14:

Haqr4cnceaFtero Ha aMopTfi3aqnnTa 3anoqBa oT Meceqa, CneABaq MeCeqa, e xOfirO

aMopTl,r3l4pyeMIFT aKTilB e npu4o6ur hnil BbBeAeH B eKcnfloaTaqilR.

2.6. Tuproecxlt l,t APYrh B3eMaHrf,

Trproacrure u rqpyril B3eMaHue ce orqhrar no aMoprl43upaHa crofrsocr (Ka'ro ce u3non3Ba MeroAa Ha

e6emranun nuxBeH nporlenr), HaManeHa c eBeHTyanHa npoB143!{9 3a o6e3qeHKa. Tbfi Karo rbproBcKure 1,l

Apyril B3eMaHuA ca(parKocpor{Ht4 il He Hoctr nfixBa, HoMuHanHara uu croilnocr e npn6nr3nrenHo paBHa

Ha aMopTt43rpaHaTa un4 CtOfrnOCr. PuTOeO4CTBOTO npaBil nperneA 3a ilHl4nKaquu 3ia o6egqeHra Ha

B3eMaHuFra KbM BceKa 6anaHcoea Aara. flpoeueun ga o6eglleHra ce npaBil a cnyvail, '{e cbqecrByBa

O6eKrUeHO AOKa3aTenCTBO, r{e ,QppreCreOro HqMa 4a 6u4e B CbCTof,Hne 4a Cu6epe BcltqKu AbnxuMtl My

cyMH, cbrnacHo nbpBoHaqanHure ycnoBlrf, no orHotreHile Ha cborBerHilc pa3Ller. Cytuara Ha o6esqeF{xa e

planr*"r" Me)KAy 6ana"co"ara n Bb3craHoBilMa croinocr, Konro npeAcraBnnna Hacrof,tqara crofrnocr na

nap14qH14Te nOTOt{14, Al4CKOHTilpaHa C na3apeH nilXBeH npoqeHT, npiltloxl4M 3a CXOAHI/I KnileHTr' Pa3ueptr

Ha npoBr43t4nra ea o6eeqeHKa ce npil3HaBa B orqera 3a AoxoAl4Te'

Ktu 31 .12.2013r. fipyxecreoro He e sopurnpano npoB143t4t4 sa o6esqenra.

2.7.flapntrrl cpe4crBa h napxqHx eKBnBafleHrn

flaprvnure CpeAcTBa I napu'.{H[re eKBuBaneHTil BKflPqBaT HanilLlHt4 naph B 6;pOil u no €iaHrOeh cMerKu' B

MecrHa u qyxAecrpaHHa Baflyra.

flapnvnure CpeACTBa B neBa Ce OqeHcBaT nbpBOHaqanHO nO HOMulHanHaTa ru CrOfinoCT' a Te3il

AeHoMl4HilpaHu B Ltyx4ecrpaHHa Bany1a - no Kypca na $tnrapcKa HapoAHa 6aHxa (6H15) rcnl1 AaTara Ha

l'prnoOr"atero. CAenxilre B qy4ecrpaHHa ianyra (c usxnroveHue Ha noKynKara u npo4ax6ara Ha

Banyra) ce oqeHf,Bar no qeHrpanHtAA Kypc Ha EHE. f]apuvHure cpe,qcrBa B qyx(AecrpaHHa Banyla ce

npe6qeHqBaT exeAHeBHO nO qeHrpanHVA Kypc Ha 6H5.-xaro Bb3Hl4KBau'll4TLa pa3nuKu ce OTquTar KaTo

,i*y,4, npuxo4n/pasxoAl4 or BanyrHu onepaqilil. Ktrvr 31 AeKeMBph 2013r' re3u napvlt{H14 cpeAcrBa ca

npeoqeHeHu no 3aKnrct{LlreneH Kypc xa 6HE'

2.8. Tr'proecxll 1,1 Apyrn 3a4tnxeHllf,

Trrproecrure u Apyru 3aAbnxeHutl ca KparKocpoqHil, no rcx He ce Abnxil nuxBa' u ce oLleHfiBaT no

croinoctra, no Konro ce oqaKBa Aa 6bAar noraceHu e 6tAeule'

fltaueHs sa u3BbptuBaHe Ha 4efinocr rarq 14]-l

16

Ae Hoeo EAA

Orqer la naplqHnre noroqtlKuu 31 treKeMBDlr 2013 t.

2.9. f lpoersnrflpoeusnr ce orqltrar, Koraro Bb3H14KHe HacroFr4o cbAe6Ho, KoHcrp)rlfi]4BHo unA HopMarilBHo

3aAbnxeHile 3a ApyxecrBoro, B p$ynrar Ha MhHaflu cb6t rur', Koraro ce oqaKBa Aa Bb3l{l,lKHar u3xoAfil{14

nap]4qHm noTotll,t 3a noracsBaHe Ha 3aAbnxeHueTo u KoraTo Moxe AocTaTbllHo Tot{Ho Aa ce onpeAenil

cyMara Ha caMoro 3aAbnxeHile. Koraro flpyrrecreoro oqaKBa npoBt43l,tffTil Aa 6tAre Bb3craHoBeHa,

cyMaTa ce np[3HaBa KaTO OTAeneH aKTnB, Ho caMo ToraBa KoraTo e npalfihqecKil cilrypHo, qe Te3t4pa3xoAt4 qe 6tAar Bb3craHoBeHil. PagxoAr4Te 3a npoBt43t4u ce npeAcraBnT B ,orqera 3a AoxoAilre, HerHo

oT cyMaTa Ha Bb3cTaHoBeH14Te pa3xoAt4.

2.10. O6esqeHra

Orqernure crofiHocrt4 Ha HeQ]4HaHcoBnTe aKTuBr4 na flpyxecrBoro, pa3fl14qHm or uHBecruqiloHH14 14MoT14,

MarepuanHil 3anac[ u orcpoqeHil AaHbqH],| aKTilBl4, ce paorflexAar KbM BcFKa Aara na ciananca c qen Aace onpeAenu Aanu uMa npu3Hallu sa o6esqenra. B cnyvail, qe cbl4ecrByBar raK[Ba npil3Hallil ce npaBil

npu6nusurenHa oqeHKa Ha Bb3craHoBilMara croilnocr Ha aKTilBa.Brgcranoaruara croilxocT Ha aKTilB 14nu na o6err, reHepilpau] napilqHu noTol-114, e no-Bl4coKaTa or

HeroBara crofinocr e ynorpe6a h cnpaBeAnuBara My crofinocr HaManeHa c pa3xoAure n'o npo4ax6a. flpu

oLleHKa na crofrnocTTa B ynoTpe6a 6tAeulhTe naptaqHu noTol-ll4 ce AilcKoHrupaT Ar) cerauJHara ilM

croinocr, KaTO Ce npilnara AilcKoHThpau{ npolleHr npeAil AaHbql4, oTpa3tlBau{ reKyqilTe oL{eHKu 3a

nasapa, qeHara Ha napure BbB BpeMero u cnequSut'{Hlrn 3a aKruBa pilcK.

3ary6a or o6eeqenxa ce npil3HaBa BuF,aru a cnyvafr, qe 6anaxcoeara crofrFtocr Ha eAilH aKrhB hnu rpyna

aKTilBt4, reHepilpaqa napuqHi4 nocrbnneHils, r{acr or Kosro e rof, npeB}ll.laBa HeroBa'ra BbgcraHoBuMa

croilnocr. 3ary6n or o6eeqenra ce npr3HaBar B orqera 3a AoxoA[re.

Otqenxa Ha eb3cmaHoeuMama cmoilHocmBtgcraHoeiluara crofinocr Ha B3eMaHilqra Ha ApyxecrBoro ce olleHgBa H:aro ceraulra crofrnocr na

6uAeulrare napilr.{Hr4 noroqt4, At4cKoHTilpaHa c npilnaraHero Ha nbpBoHaqaflHilc e(lerrueex nilxBeH

npoqeHT (r.e. eQercvB{t eT nilxBeH npoqeHT, li,r3LrilCneH npu nbpBoHaqanHoTo npu3iHaBaHe Ha re3u

$nnancoeu axrueu). Kparrocpovn!l B3eMaHilF He ce AilcKoHTupar'

Brgcraxoeunaara crofrnocr Ha ApyrilTe aKTilBr4 e no-Bt4coKara or rRXHaTa cnpaBe,AnuBa crofrnocr,

HaMafleHa c pa3xoAr4Te sa npo4ax6a, il TexHara crofinocr a ynorpe6a. flpra oqenrara na crofinocrra B

ynorpe6a, 6r"Aer4rre napnqHu noroqr4 ce AucKoHTl4par .qo cerauHara nu crofixocr, Karo ce npunara

A l4cKoHT i l paqnpo l l eHTnpeA i lAaHbq t4 ,oTpa3 f lBaqTeKyq i lTeoL leHKhHana3apa ,qeHaT .aHanapuTeBbBeper,,rero u cneqn$raqHuq 3a aKrilBa pucx. 3a aKruB, r{uero il3nofl3BaHe He nopaxlla pasrpaHilqilMil

napuqHh noroLlt4, Bb3craHoBr4tuara crofixocr ce onpeAenq 3a o6eKta, reHepllpaq napul{Hl4 noroLlt4' KbM

roftro oqennBaHuqr aKTilB nptaHaAnexu.

O1pamno npof,eneHue ua o6esqeuxa3ary6ata or o6egqerKa no orHouleHile Ha B3eMaHUf, rn,|a o6parno npogBneHlle, aKo Bb3Ht'KHanoro B

pe3ynTaT Ha nOBiltUeHile BbB Bb3CTaHOBl4Uara crOfrnOCr, O6erruBHO MOXe Aa 6uAe CbOTHeCeHO KbM

cu6raTue, Bb3Hl4KHano cneA npil3HaBaHeTo aa sary6ata or o6egqeHxa. flo oTHOI'leHre Ha ocTaHanllTe

aKruBn Sary6ara Or O6eoqenKa uMa o6parxo npoeBneHile, aKO e HanuLle npOMfiHa B oqeHK[Te'

il3non3BaH14 3a onpeAenqHe Ha Bb3craHoB[MaTa cToilHocT'

3ary6ara Or o6eSqenra uvra O6parno npoeBfleHue caMo AO pa3Mepa Ha npeHocHara crofrxocr Ha aKrtaBa

CneA Haqt46nf,BaHe Ha aMopru3aLlut4, KOf,To toil 6n uMan, aKo sary6ata or o6elrqenxa ne 6e nph3Hara'

2.11.llpnsnaBaHe Ha nphxoAll 1'l pa3xogll

flprxo4rare il pa3XOAl4Te ce npilsHaBaT Ha 6aga Halll4CnsBaHe B MOMeHTa Ha TcxHoTO Bt3HlIKBaHe'

He3aBuctrMo or napilqHhre nocrbnneHuA tA nnau{aHilq. Orquranero uM ce !l3Bbpl'!Ba npu cna3BaHe Ha

l43l4CKBaHeTo 3a npl4quHHa u croilnocrna Bpb3Ka Mex(Ay TFX'

17

Ae Hoeo EAII

Orqer ea napxqHrre noroqx

flpuxo4ure oT ycnyril no AoroBoph c npoAbflxilTenHo il3nbnHeHne, BKn$quTenHo no AoroBopu 3a

crpol,trencrBo, ce onpeAenqr KbM Aarara Ha cbcraBqHe Ha 6aflaHca cnopeA erana Ha 3aBbptueHocr Ha

AOrOBOpa.

2.12. QnnancoBh nphxogl,l 1,1 pa3xoAll

oilHaHCOeUre npuxoAl4 BKflpqBaT npilxoAl4 oT nuxBl'r no [HBecTupaHil cpeAcrBal, il nprxoAt4 or onepaLlill4 c

$uHancoeu uHcrpyMeHTh u qyxAecrpaHHa Banyra' KoMl4ct4oHul u raKcu.

OuHaHcoel4re pa3xoAt4 BKnrcqBar pa3xoAr4 ga 6aHxoe[, 6opcoeu fi ffrt,|puHroBu raKcu t4 KoMvlcl4oHl4, KaKTo 1,1

pa3xoAr4 no onepaqilu c $unaxcoail ilHcrpyMeHril fi qp(AecrpaHHa Banyra.

flprxo4ure il pa3xoA1are or nilxBt4 ce npilsHaBar B orqera 3a AoxoAilre na 6etsa MeroAir na eQerruenun

n[xBeH npoqeHT.

2.13. Aanrqr

,flrnxuurare AaHbqu ce il3qutcnFBaT B cboTBeTcTBue c 6unrapcxoro 3aKoHoAaTencTBO 14 l3KnrcqBaT TeKytrlh

r,r orcpoqeHu AaHbLI4. Honaunanrara AaHbqHa craBKa aa2013 r. na KopnoparuElHlrc AaHbK e 10o/o.

Texyr4ure AaHbqu Bbpxy neqan6ara ce u3qucnnBar Ha 6asa o6naraeua nevan6a 3a Aal{bt{Hl4 Llenu, Karo

sa't2gu Llen $nnancoeunr pe3ynrar ce npeo6pasyea B cborBercrBue c 6unrapcroro AaHbLlHo

3aKOHOAaTeflCTBO.

OrCpOUenure AaHbLll4 Ce u3qilCncBaT 3a BcnqKh BpeMeHH[ pa3nilKu Mexfly AaHbqHaTa OcHOBa Ha

aKTuBilTe il nachBilTe ur1x1ara npeHocHa ctoilnocr KbM Aarara Ha SnHaHcoelrq orqer, Karo ce il3non3Ba

6anaxcoaucT MeroA. 3a onpe4encHe Ha orcpoqeHure AaHblltl ce l43non3BaT AaHbqHilre craBKu' oqaKBaHu

Aa 6uAar e$erruenn npu rtxHoro 6t4eqo peanil3upaHe'

Orcpovenure AaHbqHil naCuBV ce oTqilTar 3a BcLlqKt4 BpeMeHHu pasnuKil, noAnexalq|/| Ha AaHbqHo

O6narane, OCBeH B Cnyr{auTe, KOTaTO Bb3HltKBaT OT nbpBOHaqanHOTO OTqilTaHe Ha aKTvlB |/|flil naCilB npil

c A e n K a ' K o g T o l ( b M M o M e H T a H a u 3 B b p t x B a H e H e A a B a o T p a x e H u e H n T o H a c q e T o B o A H a T a ' H i l T o H aAaHbqHara ne..lan6a unu sary6a.

Orcpovexure AaHbqHil aKTuBl4 Ce OTquraT 3a Bcilt{K]4 BpeMeHHil pa3nuKn, nOAnexaqn Ha npilcnaAaHe Ao

creneHra, Ao Koero e Bepof,THo Aa ilMa 6uAer.qa o6naraeua ne'{an6a, cpeqy KoFro aKrilBure Aa ce

peanr3npar.

,flpyxecreoro npu3HaBa aKTtaBUre no orcpo'.{eHu AaHbqu, Bb3HtlKBal4[ or Hevl3non3BaHl4 AaHbqnn sary6n

rnu KpeAilTu CaMo AO CTeneHTa, AO KOFTO uMa AOcTaTbqnO O6naraeMil BpeMeHH[ pa3nuK]l AnA Apyrw

y6e4rrennn AoKagarencrBa, qe u{e 6rrAe peanr3ilpaHa AocrarbltHa o6naraeua ne'{an6at, cpeu{y Kogro Aa

ce onon3orBopnT He[3non3BaHure AaHbqHil sary5u tanu KpeAurl4'

Ktru Aarara Ha BCeKU oananc flpylrecreoro npepa3rnexAa Henpil3HaTrTe (lTcpoqeHn AaHbqHl4 aKTUBII

KaTo npilSHaBa Henpu3HaTUTe B npeAXoAeH nepuoA oTcpoqeHu AaHbqHu aKTuttl4 AO CTeneHTa' AO KOSTO Ce

e nogBrna BepoqrHocr 6tAer.r{ara o6naraeua ne.{an6a Aa no3Bonf Ba Bb3CT€lHOBgBaHero Ha orcpoqeHu9

AaHbqeH aKTulB.liur.l 31 .12.2013r. Apylxecreoro Hf,Ma orcpoqeHil AaHbt'{H.4 nacuBl, n aKTilB.4'

,flpyxecraoro e perucTpr4paHo no 3arona 3a AaH]rK Bbpxy 4O6aeenara crofiHocr !l e 3aA'bnxeHo c AaHbK

zO6to sa ilsBbptrteHure nPogax6n'

1 8

f[e Hoeo EAfl

Orqer ga napxi{Hl,lre noroqll

2.1 4. Qnnancoer 14 xcrPyMeHrx

<DrHaHCOshre ilHCTpyMeHTu Ce rnacnQraqrapaT KaTO AbpXaHh 3a rbpryBaHe' OhHaHcoBl4re [HcTpyMeHru

Ce OqeHqBaT npu nphAo6uBaHe - nO qeHa Ha npuAo6ilBaHe' KOflTo BKtltotlBa il Bcl'lLlKl'l pa3xoAil nO

cAenKaTa.CtrnacnO flpaennara 3a ynpaBneHhe Ha ph6Ka Ha AppKecTBoro, nocneABaula oqeHKa Ha OuHaHCOBl4re

t4HcrpyMeHTu ce u3BbptuBa exeAHeBHo, no necHo AocrbnHu 3aKntoqurenHil Ll€rHt4 or He3aBucl4M 143Tot{Hl4K'

Karo 6opcoBr4 LleHn iln14 qeHil or ct4creMu 3a na3apHa uH+opMaqns, KorllpoBKll4 or He3aBrilcl'lMt4 6poKepil c

a"Op" f"nyr"r1r". flpra naaapnara oqeHKa ce il3non3Ba no-KoHcepBaruBHl4er or Ky.pc'3Bere ,,Kynyaa" u

,,flpo4aea", ocBeH aKo ApyxecTBoTO He e 3Ha'{UTeneH 3a na3apa y''{acrHl4K /uaprer-uefrrtp/ ea

C"or"er"r" SunancOe uHcTpyMeHT il MOXe Aa 3aTBopl4 n63u1lt4era cu no cpeAHa na3apHa LleHa'

KorarO He e Bb3MOXHO na3apHo OLleHtBaHe, ApyxeCTBOTo MoXe Aa r3no'n3Ba MOAen 3a oL{eHKa Ha

ngarqrrt" rl1 nOprQeiln ure c ,. OqeHseaFlero nO MOAen e BcqKO OLleHqBaHe, Kgero ce r:paBHeBa cnpeMo

CTOfrHOcrt4 3a CpaBHurenHa OqeHKa /6exvnirapr</, eKcrpanon[pa ce, unu ce il3qhcnqBa nO Apyr HaqilH' oT

na3apHilre AaHHu. oqenneanero no MoAefl rpn6ea AaorroBapq Ha ta3ilcKBaHuiara nocot{oHt4 B HapeAoa Ne

35 sa KAniln Ha KOH.

2.15. YnpaeneHlle Ha PllcKa

cuulecreeFtuTe pucKoBe MoraT Aa 6u4ar rnacra$raqupaHu B CneAHuTe ocHoBHl4 KaTerophl4 - KpeAhTeH

pucK, na3apeH p],lcK, nhKBl'tAeH pilcK 14 BanyreH pucK'

Kpedumen Pucx

Kpe4Urnunr pilCK e cBbp3aH C HeBb3MOXHOCTTa Ha KnheHTfiTe U KOHTpaTeHTUTe Aa $3lnbnHflBaT CBOure

3aAbnxeHue. Kpe4urxunr p14cK Ha AppKecrBoro e cBbp3aH npeAilMHo c TbproBcKvre u srxancoeu

B3eMaHuF. Cyruure np"A"i"t""il s "6anaFtca

ca Ha HerHa 6asa xaro u3Kn'qBa'l npoB14314ilre 3a

CbMHUTenH14 B3eMaHilf,, OLIeHeHU KaTO TaKUBa OT pbKOBOACTBOT9 Ha 6a3a npeAilUeH OnilT il TeKyu{t4

trKOHOMl4qecKil ycfloBt4g. Kpe4urnranT ptdgK Ha nuKBt4AHuTe CpeACTea u $U6aHCOBUTe UHCTpyMeHTil e

orpaHuqeH, Tbr KaTo KoHTpareHT[Te ca npeAilMHO 6aHKOBl4 t4HCTl4Tyql4l4 C BI4COK KpeAuTeH perTuHr'

llasapen Pucx

llasapnrnr pucK e pe3ynTar or l43MeHeHuero B na3apHulTe ycnoBuf, - npoMeHa Ha na3apHil LleHu Ha

$unancoaurei lHcrpyMeHru,HaBanyrHi l reKypcoBe'Hani lxBeHi lTenpoqeHru'

Ilureuden Pucx

IlureuAnrRr pl4cK npou3xoxAa or BpeMeBara crpyKrypa Ha napuqHhre noroql4 OT aKrl4shTe' naculBuTe r

sa46anancoBure rHcrpyMeHril Ha AplDrecrBoro'prxoeo4creoro Ha KoMnaHugra e u3rpaAuno neo6xo4ulrlara crpylfiypa 3a ynpaBneHue l{a pucKa'

Banymen Pucx

BpeeynrarorBanyrnnnSop4BcTpaHaTa 'sunrapcxaraBanyraeQuxcupanaKbMeBpoTo.T t f rxaro,Qpyxecreoro np"n"r""" oi"irirr" cra e 6tnrapcKu neBa, resu Orqeru ca il3noxeHu caMo Ha eseKra or

npoMeHu BbB BaflyrHt4Te KypcoBe Ha Banyru u3BbH eBpo 3oHaTa u neBa'

t 9

Ae Hoeo EAtrl

Or.rer ga napxqHrre noroqll

2.16. f leprearnBn

fiepuearuerre npeAcraBnf,Bar sa46anancoeu $rnancoBr4 14HcrpyMeHTh, tn49To croinocl ce onpeAenR Ha

6asara Ha fluxBeHil npoLleHril, o6ruennu BanyrHil KypcoBe unv Apyfu nasapHu qenu. lleprearilBnre ca

eQerrueno cpeAcTBo 3a ynpaBneHue Ha nasapHun pr4cK t4 orpaH[qaBaHe eKcno3ul-{l{qTa KbM AaAeHKOHTpareHT.

Hafi-qecro !t3non3BaHtaTe AepuBaruBl{ ca:. BanyreH Cyan;O fl]4XB€H CY€III,

. noAoBe il TaBaHu;r SopyupAHil BanyrH[ il nilxBeHu AoroBopt4;. Stoqbpct4;. onqilu.

vcnoeunra il cpoKoBere no AoroBopilre ce onpeAentr qpee craHAaprHt4 AoKyMeHru. Ornocno

AepilBaTilBl4Te ce npilnaraT cbu.ll4Te npoqeAypil 3a KOHTpOn Ha na3apHilfl t4 KpeA[THl4t p14CK, KaKIO 3a

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