ZE DataWatch - September 2012

7/31/2019 ZE DataWatch - September 2012

1/23


2/23

CkskWksao iq adbdn~ksieg isq ì~qs keeipd~qk~y wiso sod bkteao j` isq jwewdnqisd" oss|6**www%ckskwksao%vd%ajh%Wd k~d bjjmieg nkam kec~dhieiqaieg knjts sod hk~mdsq kec aokegdq ie cksk qjt~adq kec cksk~d|j~sq% Dhd~gieg hk~mdsq" Dt~j|dke ìekeaikb st~hjib kec g~jwiegih|j~skead j` ekst~kb gkq kec a~tcd jib okpd ~dhkiedc sod |~ihk~y `jatqso~jtgojts sod ydk~%

cksk wksao Qthhk~y

Dcisj~ikb

Ie Cd|so

Cksk Edwq

\jwd~ Hk~mdsq

@jqqib @tdb Hk~mdsq |% 0 ( 7

Kg~iatbst~d" @j~dqs~y kec Hdskb Hk~mdsq |% ?

Jsod~ Hkssd~q |% ;1 ( ;

|% Edwq ~jh Cksk Pdecj~q

|% 1 ( 3

@_" Iesd~dqs ^ksdq" A~dcis kec D{tisy Iecdxdq |% ;; ( ;>

AHD Bkteaodq Ajkb a`~ Qjtso Aoiek Qwk| @tst~dqAHD Gbjndx Biqsq ;4 Ekst~kb Gkq Ajes~kasqAHD Biqsq Ckiby N~des A~tcd J|sijeq\bkssq Bkteaodq Hk~ied Gkqjib Kqqdqqhdesq `j~ T%Q% kec Akekck\bkssq Qtq|decq Hk~ied Cidqdb Kqqdqqhdesq\bkssq sj Adkqd Gkqjbied Ak~gj @JN EWD Kqqdqqhdesq\bkssq sj Qsj| Kqqdqqieg EWD S; Q|js HdsokejbAHD Gbjndx Biqsq ;39 Dxiqsieg Ekst~kb Gkq @tst~dq Ajes~kasq\bkssq Dx|kecq EYHD_ A~tcd Kqqdqqhdes sj Ieabtcd sod @jt~so Hjeso

|% ;? ( >

EKQCK[6 Edw @tst~dq" Q|k~m Q|~dkcq" At~pdq `j~ Dt~j|dNÎ_ Ies~jctadq Ajes~kasq wiso Edw Qt||by \d~ijcqAHD Cdbiqsq Qix Dbdas~iaisy Qwk| @tst~dqAvdao Gded~ksije Cksk Iesdg~ksdc ie S~keq|k~deay \bks`j~h ny DD_Swj \FH Qwk| @tst~dq Hjpdc `~jh AHD Gbjndx sj EYHD_

IAD Biqsq Akbdeck~ Q|~dkc J|sijeq `j~ Qtgk~" Ajssje" Aj``dd kecAjajkAHD Bkteaodq T%Q% Hicwdqs Qa~k| @tst~dq

EACD_ Bkteaodq @tst~dq ie Ydbbjw Qjyndke Hdkb\bkssq sj Adkqd Skeskbisd J~d KqqdqqhdesIAD Cdbiqsq Wdqsd~e Nk~bdy Ajes~kasAHD Dx|kecq Qibpd~ J|sijeq Biqsieg

_ds~k Bkteaodq @ipd Edw D{tisy Iecdx DS@qSwj TNQ DS@q je HQAI N~kvib Iecdx Bkteaodc je _ds~kANJD Bkteaodq Q&\ 4 DTKK

VDHK Hk~mds Ckqonjk~c |% ;4 ( ;0Ej~so Khd~iake Dbdas~iaisy CK \~iadq /IAD)Ej~so Khd~iake Dbdas~iaisy @j~wk~c At~pd /IAD)

Kastkb Sdh|d~kst~d /KaatWdksod~)IAD JSA Dhiqqije KbbjwkeadqDbdas~iaisy \~iad @j~wk~c At~pdq /IAD)Ode~y Otn @j~wk~c At~pd /IAD)Ej~so Khd~iake Ekst~kb Gkq Q|js \~iadq /IAD)A~tcd Jib N~des pq WSI

( @j~wk~c At~pd /EYHD_)( \~jh|s(Hjeso Ajes~kas /EYHD_)

Qd|sdhnd~ >

Ajesietdc ciqatqqije je qokbd gkq dx|keqije iq adesd~dc je `kasj~qk``dasieg cdhkec `j~ g~jwieg ekst~kb gkq qsjamq% \jwd~ gded~ksije"depi~jehdeskb ~dgtbksijeq" hket`kast~ieg" kec ktsjhjsipd pdoiabdq" kbb|bky k |k~s ie sod ~iqd j` T%Q% ekst~kb gkq |~jctasije%

Qokbd Gkq6 Hj~d Ajh|biaksijeq `j~ \~iad @j~dakqsCdpdbj|d~q% \k~s So~dd ( Sod Cdhkec Qicd j` sod D{tksije%

|% 4

T|ajhieg Dpdesq |%


3/23

Dcisj~q bdssd

Is iq jt~ ì~qs keeipd~qk~y kec I wjtbc bimd sj dxsdec hy sokemq sj kbb woj odb|dc hkmd soiq |~jfdas k ~dkbisy% Is wjtbc ejs okpd okc k aokeadsj ndajhd sod qtaadqq is okq wisojts isq ajes~intsj~q kec cdciaksdc |~jctasije sdkh% Kec i` k qtaadqq`tb ì~qs ydk~ iqes dejtgo" wd okpdkejsod~ ~dkqje sj adbdn~ksd= soiq hjeso" wd k~d kbqj bkteaoieg jt~ wdnqisd" www%ckskwksao%vd%ajh% Fjie jt~ BiemdcIe g~jt|" VDCkskWksao" kec ~dkc jt~ swddsq ks oss|q6**swissd~%ajh*vdckskwksaosj qsky ajeedasdc wiso tq%

Wode wd qsk~sdc CkskWksao k ydk~ kgj" I dx|dasdc soks sod~d wjtbc nd qjhd qj~s j` k s~dec soks ieciaksdc k aj~~dbksije ndswdde iectqs~y"

hk~mds" |jbisiakb kec dajejhia dpdesq kec |~jctasq ~dbdkqdc ny |~ipksd cksk |~jpicd~q kec |tnbia cksk qjt~adq% Woks I cic ejs dx|das wkqsoks sod ajeedasije wjtbc nd qj qs~jeg kec ajeqiqsdes%

Sod bkqs ydk~ okq ndde k fjt~edy so~jtgo swiqsq kec st~eq j` dpdesq ie sod gbjnkb kec cjhdqsia k~dek% Wd qt``d~dc so~jtgo k Dt~j|dkea~iqiq" wksaodc edw hk~mds|bkadq dhd~gd ie Kqik kec Bksie Khd~iak" ekpigksdc sod ot~cbdq j` okpieg depi~jehdeskb ~dgtbksijeq k||~jpdcj~ ciqhiqqdc" kec wisedqqdc k qoi`s ie `jatq sj `jqqib `tdbq%

IAD kec AHD okpd ~dhkiedc sod hkie |bkyd~q ie sod `jqqib `tdb ìdbcq% Edw sy|dq j` qwk|q" `tst~dq" kec j|sijeq okpd ndde kccdc sj sodqtisd j` cd~ipksipdq ntibs `j~ sodqd |~jctasq% Jed ~dkqje `j~ soiq odigosdedc kasipisy iq k g~jwieg cdhkec `j~ `jqqib `tdbq ie Kqike kecDt~j|dke hk~mdsq% Edw cd~ipksipdq kec |~iad kqqdqqhdesq je gkqjib" fds md~jqded kec jsod~ |ds~jbdth |~jctasq wd~d cdpdbj|dc ie~dq|jeqd sj hk~mds hjpdhdesq ie Fk|ke" Aoiek" Iecik" Iecjedqik kec Qiegk|j~d% Kqike kec Dt~j|dke soi~qs `j~ ekst~kb gkq iq ~d`bdasdc ieedw BEG |~jctasq /iecdxdq" qwk|q) bkteaodc ny AHD" S~kcisije kec IAIQ% K~gtq kec \bkssq md|s kccieg edw qd~idq j` Dt~j|dke kec

Kqike BEG |~iad kqqdqqhdesq" kec ~dpiqdc dxiqsieg kqqdqqhdesq ny iea~dkqieg sod ethnd~ j` |j~sq kec iea~dkqieg sod ak~gj qivdq soks`jbbjw sod gbjnkb s~dec j` g~jwieg pjbthdq j` BEG s~kcdq% Hdkewoibd" BEG iq ndajhieg k qd|k~ksd ajhhjcisy%

Aokegieg cyekhiaq ie sod a~tcd jib hk~mdsq n~jtgos ie kejsod~ hkfj~ iea~dkqd ie cksk qdsq% Swj hkfj~ a~tcd jib ndeaohk~mq" WSI kecN~des" tecd~wdes k aokegd `~jh sodi~ sy|iakb ndokpij~% N~des |~iadq qsk~sdc sj abihn kec WSI hjpdc ie sod j||jqisd ci~dasije% Sod~d wd~dqdpd~kb ~dkqjeq dx|bkieieg soiq s~dec% Je jed okec" sod Hiccbd Dkqs st~hjib" sod Dt~j|dke ìekeaikb a~iqiq kec cdabieieg |~jctasije ie sodEj~so Qdk" |tqodc N~des |~iadq t|% Je sod jsod~ okec" k {tisd tedx|dasdc ~iqd j` Ej~so Khd~iake jib |~jctasije qt||j~sdc ny ~iqieg|~jctasije j` Kbnd~sk jib qkecq" kbjeg wiso iea~dkqieg |~jctasije ie Ej~so Ckmjsk" Qkqmksaodwke" kec Hjeskek" md|s qdecieg hj~d a~tcdiesj sod |i|dbied" qt||~dqqieg WSI |~iadq% Sod q|~dkc ndswdde sod swj hk~md~q ajesietdc sj wicde kec sod gbjnkb q|jsbigos wkq `jatqdcje Dt~j|dke a~tcd cd~ipksipdq" wiso hj~d j` sodh ndieg abdk~dc ny hkfj~ dxaokegdq% Sod Cjw Fjedq TNQ Ajhhjcisy Iecdx" wojqda~tcd jib ajh|jedes tqdc sj ieaj~|j~ksd jeby sod WSI ajes~kas" j|dedc jed(soi~c j` isq wdigosieg sj N~des% WSI iq ejs sod wj~bcq hjqsih|j~skes jib ndeaohk~m key hj~d" kec tesib sod oiqsj~ia nkbkead kgkie qddq WSI bdkcieg sod |kam" N~des ajes~kasq wibb ajesietd sj kss~kashk~mds|bkad iesd~dqs" `tdbieg oigo pjbthdq j` s~kcdq% Dxaokegdq kec |~ipksd cksk |~jpicd~q ies~jctadc edw N~des `tst~dq" qwk|q" j|sijeq"q|~dkcq" edw kqqdqqhdesq kec qwk|q ajes~kasq ntibs je N~des kqqdqqhdes% K edw mic je sod nbjam iq Kbnd~sk jib= sod g~jwieg qok~d j` Akekcike g~kcd |~jh|sdc sod ies~jctasije j` edw cd~ipksipdq kec kqqdqqhdesq ny K~gtq kec AHD `j~ Wdqsd~e Akekcike a~tcd" wojqdih|j~skead iq g~jwieg iesd~eksijekbby%

Dt~j|d okq c~kwe kssdesije ndaktqd j` isq bjakb ded~gy ajead~eq" nts hj~d qj ndaktqd j` isq dxsdecdc ìekeaikb kec |jbisiakb st~hjib%Hdkewoibd" cksk |~jpicd~q k~d st~eieg bdhjeq iesj bdhjekcd ny iea~dkqieg sodi~ cd~ipksipd j``d~iegq soks k~d cdqigedc sj odcgd kgkieqsdx|jqt~d sj Dt~j|dke ~iqmq6 EYQD" Dt~dx" _ds~k k~d khjeg sojqd soks ies~jctadc iesd~dqs ~ksd `tst~dq ie Dt~j|dke at~~deaidq kec jsod~ |~jctasq hisigksieg bjakb ~iqmq%

Kq sod jbc wj~bc iq ìgosieg sod dajejhia ciqs~dqq kec |tbbieg sjgdsod~ ~dqjt~adq" edw |bkyd~q k~d defjyieg at~~des j||j~steisidq soks k~dj|deieg sj sodh% Wd k~d jnqd~pieg sod ckwe j` edw hk~mds|bkadq% Abjqt~d j` sod Akekcike Wodks Njk~c ny sod Akekcike gjpd~ehdeskec sod nke j` sod Njk~cq hjej|jby j` okecbieg wdqsd~e s~kcd bdc sj sod dhd~gdead j` k edw hk~mds" wiso IAD ihhdciksdby ies~jctaiegcd~ipksipdq `j~ Wdqsd~e Akekcike wodks kec nk~bdy% Swj j` sod wj~bcq hjqs sigosby abjqdc dajejhidq keejteadc sod a~dksije j` j|dehk~mdsq6 ke dbdas~iaisy hk~mds wibb nd dqsknbiqodc ie Fk|ke kec ded~gy s~kcieg wibb nd bkteaodc ie sod Hiccbd Dkqs% Aoiek keejteadc isqcdaiqije sj ies~jctad a~tcd jib(nkqdc qdat~isidq%

Kqike hk~mds hkmd~q gds ajeedasdc wiso dkao jsod~ kec dx|kec ndyjec sodi~ nj~cd~q% Ojeg Mjeg Dxaokegdq kec Abdk~ieg Bsc /OMDx)keejteadc isq iesdes sj ntibc k fjies pdest~d wiso Aoiedqd Qokegoki kec Qodevode njt~qdq% @iekbby" OMDx" sod wj~bcq bk~gdqs dxaokegdny hk~mds ak|iskbivksije" ka{ti~dc BHD ny jtsniccieg IAD" sotq |bkaieg is ie sod sigos ajh|key j` bk~gd |bkyd~q" AHD kec IAD% Sod gded~kbjnqd~pksije iq soks cdpdbj|ieg Kqike hk~mdsq k~d hjpieg abjqd~ sj a~jqqieg sod hk~m soks qd|k~ksdq sodh `~jh dqsknbiqodc cdpdbj|dchk~mds|bkadq%

@tdbdc ny `kqs g~jwieg dajejhidq kec edw hk~mds|bkadq" abdk~ieg kec s~kcieg ojtqdq kec cksk |~jpicd~q q|~dkc sodi~ ~dkao ny j``d~ieg|~jctasq wiso tecd~byieg kqqdsq bjaksdc ie sojqd |k~sq j` sod wj~bc% Ftqs k `dw dxkh|bdq k~d IAD abdk~ieg Bksie Khd~iake qjpd~dige a~dciscd`ktbs qwk|q= Q&\ Ieciadq sk~gdsieg sod bk~gdqs ie`~kqs~tast~d ajh|keidq ie Bksie Khd~iak= kec" Cjw Fjedq Iecdxdq kccieg NÎA 4

cksk wksao Qd|sdhnd~ >


4/23

Dcisj~ Jbgk Gj~qsdemj\ojed6 77?(>90(3;?1Dhkib6 jbgkLvd%ajh

Dcisj~q bdssd

Okpd ke icdk `j~ ke k~siabd j~ wjtbc bimd sj ajes~intsd sj ke t|ajhieg iqqtd:W~isd sj tq ks ckskwksaoLvd%ajh

Jbgk Gj~qsdemj

Kcpd~siqieg & Pdecj~ ^dbksijeqoi|qN~tad Ajb{tojte\ojed6 0 dhiqqije s~kcieg |~jg~kh soks wibb ajhd iesj d``das ie >


5/23

\jwd~ Hk~md cksk wksao Qd|sdhnd~ >

Je Ktgtqs >1" >" EKQCK[ JH_ keejteadc sod bkteao j` edwieqs~thdesq kec `teasijekbisy ie Gdeith IEDS" woiao wibb nd t|g~kcdc sjpd~qije >< ct~ieg sod wddmdec j` Ejpdhnd~ >3(>0" >% Sod `jbbjwiegaokegdq wibb skmd |bkad kaaj~cieg sj sod sihd |bke soks wibb nd |tnbiqodc ie sodedk~ `tst~d6

( Gd~hke cky `tst~dq wibb nd bkteaodc" nkqdc je qtaadqq`tb sdqsieg" wiso sodethnd~ j` s~kcknbd qd~idq pk~yieg ndswdde 1 kec 9 cd|decieg je sod s~kciegcky

( Dqsjeike |~iad k~dk A@C |~jctasq wibb nd bkteaodc" ajpd~ieg swj hjesoby"so~dd {tk~sd~by kec so~dd ydk~by ajes~kasq% Sod |~jctasq k~d ~d`d~deadckgkieqs sod dbdas~iaisy q|js |~iad |tnbiqodc ny Ej~c \jjb Q|js

( @ieeiqo kec Qwdciqo `j~wk~c A@C at~pdq k~d ndieg dxsdecdc sj ajpd~ `jt~ hjesoby" `jt~ {tk~sd~by kec `jt~ ydk~by ajes~kasq

( TM q|k~m q|~dkcq k~d ndieg deokeadc sj hksao ajhnieksijeq wisotecd~byieg ieqs~thdesq

( Q\KE ìbd ajesdes wibb nd k``dasdc ny sod ies~jctasije j` sod Dqsjeike A@C kqsoiq wibb nd ajeqicd~dc kq k edw îqm G~jt|% Q|daiìakbby" sod ethnd~ j` aok~kasd~q ie sod \~ij~isy @idbc `~jh so~dd sj qix ie Q\KE ~daj~c sy|d ;; wibbnd iea~dkqdc% Vd~jdq wibb nd tqdc sj ìbb sod ìdbc% /Dxkh|bd |~ij~isy 8 ;333)6;;0" >" sod `jbbjwieg dbdas~iaisy qwk| `tst~dq k~d cdbiq`~jh AHD Gbjndx%

AHD Cdbiqsq Qix Dbdas~iaisyQwk| @tst~dq ED

AHD Ajcd Cdqa~i| s jeN1 \FH Ej~sod~e Ibbiejiq Otn 4 HW \dkm Akbdeck~(Hjeso dkb(Sihd BH\ Qwk|

@tst~dqO1E Hicwdqs IQJ Iecikek Otn /`j~hd~by Aied~gy Otn) 4 HW \dkm Akbdeck~(

Hjeso ^dkb(Sihd Qwk| @tst~dqM1_ EYIQJ Vjed K 4 HW \dkm Akbdeck~(Hjeso Cky(Kodkc BNH\ Qwk| @tst~dqS1E S1 EYIQJ Vjed G 4 HW \dkm Akbdeck~(Hjeso Cky(Kodkc BNH\ Qwk|

@tst~dqT0E Sdxkq Dkqsd~e Vjed H(1 Nkqiq Qwk| /\bk q I@DÂ) @tst~dqV9 IQJ Edw Degbkec Iesd~ekb Otn 4 HW \dkm Akbdeck~(Hjeso Cky(Kodkc BH\

Qwk| @tst~dq

D``dasipd Ktgtqs ;0" >" sod S~keq|k~deay ie Ded~gy Hk~mdsq |bks`j~h `~jhsod Dt~j|dke Ded~gy Dxaokegd /DD_) okq ndde dx|kecdc sj ieabtcd ded~gyhk~mds cksk `~jh sod Avdao ^d|tnbia%

Ie ke d``j~s sj hdds ^DHIS /DT ^dgtbksije je Ded~gy Hk~mds Iesdg~isy kecS~keq|k~deay) ~d{ti~dhdesq kec sj nd hj~d s~keq|k~des" DV G~jt|~jpicd ie`j~hksije je ieqskbbdc kec kpkibknbd ak|kaisy" pjbthdq gded~ksdcje sod |~dpijtq cky" kq wdbb kq qaodctbdc kec teqaodctbdc eje(kpkibknibisidqj` |jwd~ `~jh sodi~ |jwd~ |bkesq% DD_ iq cdpdbj|ieg sod |bks`j~h `t~sod~ qjsoks is ake kcc hj~d ie`j~hksije `~jh jsod~ ajtes~idq kec nd ie qyea wiso^DHIS jnbigksijeq%

Avdao ^d|tnbiaq Gded~ksije CkskIesdg~ksdc ie S~keq|k~deay \bks`j~hny DD_

Qsk~sieg Qd|sdhnd~ 9" >" sod `jbbjwieg dbdas~iaisy qwk| `tst~dq k~dhjpdc `~jh AHD Gbjndx kec qihtbskedjtqby biqsdc `j~ s~kcieg je sodEYHD_ s~kcieg `bjj~%

Sod g~k|o ndbjw cdhjeqs~ksdq edk~(hjeso ajes~kasq j` sodqd swj \FH qwk|`tst~dq s~kcdc ny AHD6

Swj \FH Qwk| @tst~dq Hjpdc `~jhAHD Gbjndx sj EYHD_

DCI

AHD Ajcd Cdqa~i| s jeB; \FH Wdqsd~e Otn \dkm Akbdeck~(Hjeso dkb(Sihd BH\ Qwk| @tst~dq3QE \FH Wdqsd~e Otn 4< HW \dkm Akbdeck~(Hjeso dkb(Sihd BH\ Qwk|

@tst~dq
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6/23


Nkam sj Qthhk~y&G~k|o a~dksdc wiso VDHK

AHD Bkteaodq Ajkb a`~ QjtsoAoiek Qwk| @tst~dq

D``dasipd Qd|sdhnd~ 9" >" Ajkb /K\I ?) a`~ Qjtso Aoiek/K~gtq*HaAbjqmdy) Qwk| @tst~dq k~d kpkibknbd `j~ s~kcieg je j|de jtsa~y"|decieg ~dadi|s j` ~d{ti~dc ~dgtbksj~y k||~jpkbq% Sod ieisikb ajes~kas hjeso iqJasjnd~ >% Sodqd ajes~kasq k~d biqsdc wiso" kec qtnfdas sj" sod ~tbdq kec~dgtbksijeq j` EYHD_%

EDW

@jqqib @tdb Hk~

@j~ ajes~kas q|dai`iaksijeq abia mod~d

AHD Ajcd Cdqa~i| s je

QQI Ajkb /K\I ?) a`~ Qjtso Aoiek /K~gtq*HaAbjqmdy) Qwk| `tst~dq

AHD Gbjndx Biqsq ;4 Ekst~kbGkq Ajes~kasq

D``dasipd Qd|sdhnd~ 1" >" AHD biqsdc Ckiby N~des A~tcd Jib j|sijeq `j~ s~kcieqsk~sieg Ktgtqs ;1" >% Sod tecd~byieg ieqs~thdes iq N~des A~tcd \detbsihksd @iekeaikb `tst~d ajes~kas% Sod s~kcieg pdetdq k~d J|de Jtsa~ykec AHD Abdk~\j~s% Soiq ajes~kas iq biqsdc wiso" kec qtnfdas sj" sod ~tbd~dgtbksijeq j` EYHD_%

EDW

AHD Ajcd Cdqa~i| s jeJCN Ckiby N~des A~tcd Jib J| s je

@j~ JCN ajes~kas q|dai`iaksijeq abiam

AHD Biqsq Hj~d Ekst~kbGkq \~jctasq

Ie Ktgtqs" AHD okc swj ~dbdkqdq j` ekst~kb gkq ajes~kasq% @j~ abides qyqsod |~jctas bkteao iepjbpdc sod `jbbjwieg aokegdq6 Edw pkbtdq j~ skg ;;4;(Qdat~isyG~jt|% Aokegieg pkbtdq j~ skg 44(Qyhnjb kec skg 909(Hie\~iadIea~dhdes%

Edw pkbtdq `j~ skg 70>(Qdat~isyQtnSy|d6 @tst~dq ( Ded~gy Qs~i| Nkbkeadc Qs~i| /QN)" Tenkbkeadc Qs~i| /WQ)" Ded~gy Iesd~(Ajhhjcisy Qs/_Q)%

Sod |~jctasq wd~d hkcd kpkibknbd ie sod `jbbjwieg j~cd~6

Ktgtqs 0" >( Gtb` Iesd~ajhhjcisy Q|~dkcq" `j~ cdskibq abia mod~d( HicAjeWdqs Jts~igosq" `j~ cdskibq ab iamod~d( HicAje kec Wdqs ^dgije Iesd~ajhhjcisy Q|~dkcq" `j~ cdskibq a biamo

Ktgtqs >


7/23

cksk wksao

Nkam sj Qthhk~y

\bkssq sj Adkqd Gkqjbied Ak~gj@JN EWD Kqqdqqhdesq

Je Ktgtqs >3" >" \bkssq keejteadc soks sod @JN EWD \~dhith GkqjbiedEje(Jxy kec ^dgtbk~ Tebdkcdc Eje(Jxy kqqdqqhdesq ej bjegd~ ~d`bdas kbi{ticby s~kcdc g~kcd ie Ej~sowdqs Dt~j|d" kec wibb nd ciqajesietdc ny \bkssqe Fketk~y >" > @jqqib @tdb Hk~

Jts

\bkssq sj Qsj| Kqqdqqieg EWD S;Q|js Hdsokejb

D``dasipd Ktgtqs 1" >" \bkssq ciqajesietdc isq ckiby Ej~sowdqs Dt~j|dke S;hdsokejb |~iad |tnbiqodc ie #*hs AI@" kq wdbb kq sod Dt~j|dke S; hdsokejbwddmby kec hjesoby kpd~kgdq% Sod kqqdqqhdesq" woiao k~d |tnbiqodc je sod\bkssq \ds~jaodhiakbq Kbd~s qd~piad bied" k~d ndieg ciqajesietdc ctd sj edwectqs~y |~kasiadq kec aokegieg hk~mds ajecisijeq" kq S; hdsokejb |~iadq

kqqdqqdc ie sod ^jssd~ckh k~d ej bjegd~ k ~dbdpkes |~iad ~d`d~dead%

Jts

AHD Gbjndx Biqsq ;39 Dxiqsieg

Ekst~kb Gkq @tst~dq Ajes~kasqD``dasipd Qd|sdhnd~ 1


8/23


Nkam sj Qthhk~y

IAD Biqsq Akbdeck~ Q|~dkcJ|sijeq `j~ Qtgk~" Ajssje" Aj ddkec Ajajk

EDW

Kg~iatbst~d" @j~dqs~y kec Hdskb Hk~m

D``dasipd Ktgtqs > kec Ajajk `tst~dq ajes~kasq" kq wdbb kq sodi~ hjesoby j|sijeq" k~d biqsdc kec ndieg s~kcdc je sod IAD dbdas~jeia s~kcieg|bks`j~h%

AQJq j``d~ ntyd~q sod ~igos sj dxd~aiqd k |t~aokqdc j|sije ie k ~dbksdc`tst~dq q|~dkc |jqisije% Sod ntyd~ j` k akbb AQJ woj aojjqdq sj dxd~aiqd sodj|sije wibb ~dadipd k bjeg |jqisije ie sod `~jes `tst~dq hjeso kec k qoj~s|jqisije ie sod nkam `tst~dq hjeso j` sod q|~dkc |ki~% Sod ntyd~ j` k |ts AQJwoj aojjqdq sj dxd~aiqd sod j|sije wibb ~dadipd k qoj~s |jqisije ie sod `~jes`tst~dq hjeso j` sod q|~dkc |ki~ kec k bjeg | jqisije ie sod nkam `tst~dq hjesoj` sod q|~dkc |ki~%

Tqd~(Cdìedc(Q|~dkc /TCQ) ak|knibisy wibb ejs nd qt||j~sdc `j~ AQJajes~kasq ks sod sihd sody k~d ì~qs biqsdc je sod |bks`j~h= soiq ak|knibisy wibb ndkccdc ks k bksd~ cksd% Nbjam s~kcieg wibb ajesietd sj nd qt||j~sdc `j~ AQJajes~kasq" ieabtcieg nbjam s~kcdq ie TCQ ieqs~thdesq%

@j~ QNHDKBIC^ ajes~kasq q|daiìaksijeq abiam od~d

AHD Bkteaodq T%Q% HicwdqsQa~k| @tst~dq EDW

D``dasipd Qd|sdhnd~ ;ajes~kas hjeso%

EACD_ Bkteaodq @tst~dq ieYdbbjw Qjyndke Hdkb EDW

D``dasipd Ktgtqs >>" >" Eksijekb Ajhhjcisy & Cd~ipksipdq DxaokegdBihisdc /EACD_) bkteaodc `tst~dq ajeskasq dx|i~ieg ie Jasjnd~ >"Ejpdhnd~ > kec Cdadhnd~ > ie Ydbbjw Qjyndke HdkbCjhdqsia/QNHDKBIC^)% Sod ajes~kasq wibb nd qtnfdas sj ~tbdq" nybkwq kec ~dgtbksijeq

j` sod Dxaokegd kec ai~atbk~q iqqtdc ny sod Dxaokegd%

IAD Cdbiqsq Wdqsd~e Nk~bdyAjes~kas

D``dasipd Ktgtqs 9" >" kbb Wdqsd~e Nk~bdy `tst~dq kec j|sijeq ajes~kasq"wdbb kq sod kqqjaiksdc ~tbdq kec keedxt~dq" k~d cdbiqsdc% Sod~d okq ndds~kcd kasipisy j` sodqd ajes~kasq qiead K|~ib >1" >%

Sod Nk~bdy ajes~kas wiso siamd~ NW /bkteaodc je Fketk~y >1" >) ~dhkie biqsdc `j~ s~kcd%

Jts

AHD Dx|kecq Qibpd~ J|sijeqBiqsieg

D``dasipd Qd|sdhnd~ 9" >" sod biqsieg ayabd `j~ Qibpd~ j|sijeq iq dx|kecsj ieabtcd sod edk~dqs qix ajes~kas hjesoq /ayabd kec eje(ayabd)% At~~dessod biqsieg ayabd ieabtcdq jeby sod edk~dqs swj hkst~isidq j` sod eje(ayahjesoq /Fketk~y" @dn~tk~y" K|~ib" Fted" Ktgtqs" Jasjnd~ kec Ejpdhnd~)kbjeg wiso sod edk~dqs ìpd hkst~isidq j` sod ayabd hjesoq /Hk~ao" Hky" FtbQd|sdhnd~" kec Cdadhnd~)% Sod aokegdq k~d kpkibknbd `j~ atqsjhd~ sdqsieie Edw ^dbdkqd qiead Ktgtqs >7" >% Sod ajes~kasq k~d biqsdc wiso"

qtnfdas sj" sod ~tbdq kec ~dgtbksijeq j` AJHD_%

Sod Qibpd~ j|sije ajes~kasq s~kcdc je AHD k~d qojwe ie sod g~k|o ndbjw%

D

Cksk Qjt~ad ( AH

&G~k|o a~dksdc wiso VDHK
http://ncdex.com/Downloads/Circulars/PDF/Launch_of_futures_contracts_in_Yellow_Soybean_Meal_Domestic_SBMEALIDR_18082012.pdfhttp://ncdex.com/Downloads/Circulars/PDF/Launch_of_futures_contracts_in_Yellow_Soybean_Meal_Domestic_SBMEALIDR_18082012.pdf


9/23


Nkam sj Qthhk~y

Depi~jehdeskb Hk~mdsq kec Wdksod~ Qd~piad

Wdksod~ Tecd~g~jtec BkteaodqEdw Qkibieg & Njksieg Wdksod~Qd~piad

Je Ktgtqs >;" >" Wdksod~ Tecd~g~jtec bkteaodc k edw Qkibieg &Njksieg wdksod~ |kgd je wtecd~g~jtec%ajh soks |~jpicdq njksd~q wisocdskibdc" bjakb wdksod~ ie`j~hksije kbjegqicd q|daikbiqs hk~ied cksk `~jh sodi~ |k~sed~ KasipdAk|skie%

Wdksod~ Tecd~g~jtecq wkpd g~k|oq qd|k~ksd jts qwdbb kec wiec wkpdq soks|~d|k~d qkibj~q d``dasipdby j~ ajecisijeq jts je sod wksd~% Sod qd~piad iq kicdcny jpd~ ;0""EJKK Ajkqskb Qd~piadq Adesd~ keejteadc sod cdpdbj|(hdes j` sod Oiqsj~iakb Ot~~iaked S~kamq wdnqisd ie |k~sed~qoi| wiso EJKKqEksijekb Ot~~iaked Adesd~ kec sod Eksijekb Abihksia Cksk Adesd~% Sodwdnqisd ajh|~iqdq jpd~ ;4< ydk~q j` Ksbkesia ot~~iaked s~kamieg cksk" kq wdbbkq gbjnkb ot~~iaked cksk `~jh kq `k~ nkam kq ;?3>% Ny ie|tssieg sodi~ vi| ajcd"qisd piqisj~q ake kaadqq oiqsj~iakb cksk kec nd ie`j~hdc knjts sodi~ |jsdesikbdx|jqt~d qj soks sody hky nd ndssd~ |~d|k~dc i` k ot~~iaked qs~imdq% Piqisj~qake qdk~ao ny |bkad ekhd" qsj~h ekhd kec ydk~" j~ ny bjegistcd kec bksistcd|jiesq" kec gded~ksd k qsj~h(s~kamieg hk| wiso ~dbdpkes ie`j~hksije% S~j|iakbayabjed cksk kec ajkqskb ot~~iaked qs~imd cksk ie >" k s~ikb ktasije `j~ sod |t~aokqd kec qkbd j` ak~nje|d~hisq wkq odbc ny sod Akbi`j~eik Ki~ ^dqjt~ad Njk~c /sod Njk~c) sj kbbjsod Njk~c kec hk~mds |k~siai|kesq k aokead sj ndajhd `khibik~ wiso soddbdas~jeia s~kcieg |bks`j~h `j~ Ej~so Khd~iakq ì~qs `tbb(qakbd ak~nje hk~Sod ì~qs ~dkb ktasije iq keejteadc `j~ Ejpdhnd~ ;3" >%

Sod ak|(kec(s~kcd |~jg~kh iq |k~s j` Akbi`j~eikq ih|bdhdesksije j` sod KN1> abihksd aokegd bkw" woiao kihq sj ~dctad ak~nje |jbbtsije bdpdbq ie sodqsksd sj sod ;99< bdpdb ny sod ydk~ >" AHD cdbiqsdc `jt~ A~jqq(Qsksd Ki~ \jbbtsije ^tbd/AQK\^) depi~jehdeskb `tst~dq ajes~kasq `~jh AHD Gbjndx kec AHDAbdk~\j~s% Kq k ~dqtbs" sod ajes~kasq biqsdc ndbjw k~d ej bjegd~ kpkibkns~kcieg kec abdk~ieg%

Soiq kasije wkq skmde kq k ~dqtbs j` sod cdaiqije sj pkaksd sod T%Q% Depihdeskb \~jsdasije Kgdeay /D\K) A~jqq(Qsksd Ki~ \jbbtsije ^tbd iqqtdc ny sodT%Q% Ajt~s j` K||dkbq `j~ sod Ciqs~ias j` Ajbthnik je Ktgtqs >;" >% Soajt~s pkaksdc sod ~tbd ie isq desi~dsy" ìecieg is aje`biasdc wiso sod Abdke Ki

AHD Ajcd Cdqa~i| s jeQG; \^ S^ QJ> G~jt| ; Kbbjwkead @tst~dq QG> \^ S^ QJ> G~jt| > Kbbjwkead @tst~dqE_K \^ S^ EJ_ Keetkb Kbbjwkead @tst~dqE_Q \^ S^ EJ_ Jvjed Qdkqje Kbbjwkead @tst~dq

Jts

AHD Cdbiqsq Qix Dhiqqijeq @tst~dqkec J|sijeq Ajes~kasq

D``dasipd Ktgtqs >7" >" kec cj ejs k``das s~kcieg ie key jsod~ `tst~dq j~ j|sijeq |~jctasq biqsdc je AHD G~jt|%

Jts

AHD Ajcd Cdqa~i| s jeDTB Ckiby Dt~j|dke Teije Kbbjwkead /DTK) @tst~dqDK@ Ie Cdbipd~y Hjeso /ICH) DTK @tst~dqDTB Ckiby Dt~j|dke Teije Kbbjwkead /DTK) @tst~dqDK_ ICH DTK J| s jeqA^Y ICH AD^ J| s jeq^DT Dhiqqije ^dcta s je Teis /D^T) @tst~dqD^J D^T J| s jeq


10/23

cksk wksao

Nkam sj Qthhk~y

Qd|sdhnd~ > Depi~jehdeskb Hk~mdsq kec Wdksod~ Qd~pia

Ktqs~kbik kec DT Kg~dd sj Iesdg~ksdAk~nje S~kcieg Qaodhd

Je Ktgtqs >?" >" sod Ktqs~kbik kec Dt~j|dke Ajhhiqqije keejteadc kekg~ddhdes je biemieg swj dhiqqijeq s~kcieg qyqsdhq% K `tbb swj(wky biemndswdde sod swj ak|(kec(s~kcd qyqsdhq wibb qsk~s ej bksd~ soke Ftby ;" >" sod Akbi`j~eik Ki~ ^dqjt~adq Njk~c /AK^N) keejteadcke ;? hjeso qtq|deqije j` sod ak~nje s~kcieg ~tbd kq is k||bidq sj ih|j~sq j` dbdas~iaisy sj sod qsksd% Sod qtq|deqije wibb gipd sihd sj cdpdbj| ke kccisije~tbd sj cdìed sod sy|dq j` ajectas j~ s~keqkasijeq soks wjtbc s~iggd~ k ìeciegj` ~dqjt~ad qot``bieg%

Dk~bid~ ie Ktgtqs" Hk~y Eiaojbq" sod AK^N Aoki~" ~dadipdc sod @Ded~gy ^dgtbksj~y Ajhhiqqijeq /@DÂ) qt||j~s `j~ cdqige kec ih|bdhde(sksije j` sod qsksd'q ak|(kec(s~kcd |~jg~kh" sj nd ak~~idc jts ie k wky sokswjtbc ejs ciq~t|s qt||bidq sj Akbi`j~eik j~ jsod~ wdqsd~e qsksdq% \oibHjdbbd~" sod @DÂ ajhhiqqijed~" |jiesdc jts soks Akbi`j~eik cd|decq jeih|j~sq `j~ edk~by >4$ j` isq ajeqthdc |jwd~" kec ~dajhhdecdc sj mdd|abjqd kssdesije sj k |jsdesikb j` ~dqjt~ad qot``bieg tecd~ Akbi`j~eikq ak| kes~kcd |~jg~kh %

AK^N wibb wj~m wiso jsod~ qsksd ded~gy kgdeaidq sj hjeisj~ sod dhiqqikqqjaiksdc wiso ih|j~sq j` dbdas~iaisy iesj Akbi`j~eik" kec sj deqt~d sodhiqqije ~dctasijeq ie sod dbdas~iaisy qdasj~ kq k ~dqtbs j` Akbi`j~eikq ak| ks~kcd |~jg~kh k~d ejs j``qds ny iea~dkqdq ie dhiqqijeq dbqdwod~d%

DIAD Keejteadq Cdbipd~knibisy j` \okqd > DTKK

Je Ktgtqs ;4" >" IAD keejteadc soks" kaaj~cieg sj sod DT DhiqqijeqS~kcieg Qaodhd ~tbdq" k \okqd > DTKK `tst~dq akeejs nd tqdc sj hdds sodajh|bikead ~d{ti~dhdesq ndyjec sod dec j` \okqd >" K|~ib > DTKKq wibb nd kaad|sknbd `j~ cdbipd~y t| sj kec ieabtcieg sod IADA_ DTKK K|~ib >


11/23


Nkam sj Qthhk~y

@_" Iesd~dqs ^ksdq" A~dcis kec D{tisy Iecdxd

_ds~k Bkteaodq @ipd Edw D{tisyecdx DS@q Bdkcieg sj ;"" >" ìpd edw d{tisy iecdx DS@q `~jh cn _(s~kamd~qwd~d bkteaodc je _ds~k% Soiq ~dqtbsq ie hj~d soke ;"" swj edw dxaokegd(biqsdc d{tisy iecdx `tecq" deknbiegepdqsj~q sj |k~siai|ksd ie sod |d~`j~hkead j` desd~|~iqdq nkqdc ie N~kvib"

wd~d bkteaodc ie Cdtsqaod N~qdq _S@ qdghdes ny TNQ Gbjnkb KqqdsHkekgdhdes% Sod DS@q wd~d bkteaodc je sod HQAI N~kvib Iecdx" woiaojpd~q bk~gd kec hic(ak| ajh|keidq% Sod kqqds abkqq ci``d~desiksdq sod TNQ

DS@q= I iq sk~gdsdc sjwk~cq ieqsistsijekb iepdqsj~q" K ajpd~q |~ipksd abidesq%

EDW

_ds~k Ajcd Cdqa~i| s je

ID" Dt~dx biqsdc PQSJ__Hiei @tst~dq `j~ T%Q% nkqatqsjhd~q soks gipdq sodh ke j||j~steisy sj skmd |jqisije ie Ajhhjcisy@tst~dq S~kcieg Ajhhiqqije /A@SA)(ad~siìdc Dt~j|dke pjbksibisy so~jtgsoiq hiei `tst~dq ajes~kas biqsdc je sod Dt~dx Dxaokegd `j~ sod ì~qs sihd%

Ie >" sod kpd~kgd ckiby pjbthd sjskbdc k||~jxihksdby ;1"


12/23

cksk wksao

Nkam sj Qthhk~y

Qd|sdhnd~ > @_" Iesd~dqs ^ksdq" A~dcis kec D{tisy Iecdxd

N~jmd~Sda kec HSQ sj Cdpdbj|Dt~j ^d|j Iecdx Qd~idq

Je Ktgtqs >" AHD G~jt| keejteadc isq iesdes sj a~dksd kBjecje(nkqdc cd~ipksipdq dxaokegd" woiao wibb ieisikbby ndgie s~kcieg `j~dxaokegd `tst~dq |~jctasq% Sody k~d ie sod |~jadqq j` k||byieg sj sod TeisdcMiegcjhq @iekeaikb Qd~piadq Ktsoj~isy /@QK) kec at~~desby |decieg k||~jpkq k ^dajgeivdc Iepdqshdes Dxaokegd" AHD Dt~j|d Bsc" |bkeeieg sj bkteaohic(>


13/23

cksk wksao

Nkam sj Qthhk~y

Qd|sdhnd~ >

_ds~k Bkteaodq Qix Edw iQok~dqNjec kec Ajhhjcisy Iecdx DS@q

D``dasipd Ktgtqs ;0" >" _ds~k bkteaodc `jt~ edw ajhhjcisy iecdx kec swjedw njec iecdx DS@q% Sod iQok~dq ajhhjcisy iecdx DS@q j``d~ ke j||j~st(eisy sj sk~gds |k~siai|ksije ie |d~`j~hkead ie sod `jbbjwieg ajhhjcisyqdghdesq6 kg~iatbst~d" ded~gy" iectqs~ikb hdskbq kec k ajh|~dodeqipd

ajhhjcisy nkqmds% @tst~dq ajes~kasq k~d tqdc sj s~kam sod ieciadq" wiso ~jbbajqsq j|sihiqdc% Sod wdigosieg j` k ajhhjcisy ajh|jedes ie sod iecdx hkyejs dxaddc k hkxihth j` 14$ kec ej qiegbd bdgkb ajhhjcisy ajh|jedeshky nd kbbjaksdc k wdigos j` hj~d soke >9" >" sod St~miqo Hieiqs~y `j~ Ded~gy kec Ekst~kb ^dqjt~adqkeejteadc |bkeq sj bkteao k edw iesdg~ksdc cksknkqd soks wibb |~jhjsds~keq|k~deay ie sod St~miqo dbdas~iaisy kec ekst~kb gkq qdasj~q% Sod ckskwibb ajbbdas kec kekbyvd ie`j~hksije je hka~jdajejhiaq" s~keqhiqqije j`

dbdas~iaisy kec ~dkb(sihd gded~ksije nkqdc je hjcdbq |~jpicdc ny sod Ded~gyIe`j~hksije Kchieiqs~ksije /DIK)% Cdpdbj|hdes j` sod cksknkqd wibb ieabtcdcksk je gkq `bjwq" kec sod kih iq sj |~jctad ntbbdsieq /\C@ `j~hks) wiso soiqie`j~hksije kq dk~by kq [; > wibb j``d~ k tei{td kec ci``d~des hk~mds hjcdb wiso ieejpksipdqjbtsijeq soks qddm sj deokead `teasijekbisy%

A_> kihq sj sk~gds tecd~qd~pdc k~dkq j` sod hk~mds qtao kq ieqsistsijekb kec~dskib iepdqsj~q% Aoi(_ Akekck |k~siai|kesq wibb nd knbd sj bdpd~kgd dxajeedasipisy sj kaadqq A_>%

WKS

IAD sj S~keqisije Abdk~dcDed~gy Qwk|q sj @tst~dq

Je Ftby 1


14/23

cksk wksao

Nkam sj Qthhk~y

Qd|sdhnd~ >

@D^A Keejteadq k CigiskbGjpd~ehdes Qs~ksdgy

Je Ktgtqs 1" sod Hikhi Iesd~eksijekb Qdat~isidq Dxaokegd" BBA/HIK_) keejteadc soks is iq |~d|k~ieg `j~ sod bkteao j` isq J|sijeq S~kcieg\bks`j~h% HIK_" woiao wibb nd k `tbby(dbdas~jeia j|sijeq dxaokegd" okq `ibdc@j~h ; k||biaksije wiso sod Qdat~isy kec Dxaokegd Ajhhiqqije /QDA) je

K|~ib >0" >" sj ndajhd k eksijekb qdat~isidq dxaokegd `j~ s~kcieg j|sijeqkec iq |bkeeieg sj ajhhdead j|d~ksijeq ie Jasjnd~" qtnfdas sj QDAk||~jpkb% HIK_ |bkeedc iectqs~y hjam s~kcieg sdqsieg je sod `jbbjwieg cksdq6

Qkst~cky 9" ?" ;> `~jh 96 `~jh 96


15/23

Edw Degbkec" Edw Yj~m kec Akbi`j~eik |jwd~ |~iadq cdabiedc ct~ieg sod bhjeso" c~ipde ny cda~dkqdc ajjbieg cdhkec% Dbdas~iaisy |~iadq ie \FH qskyks sod qkhd bdpdb wiso kbhjqs teaokegdc dbdas~iaisy cdhkec%

Wiso qsdkcy `teckhdeskbq" dbdas~iaisy `j~wk~cq cic ejs aokegd htao ct~isod bkqs hjeso% Sod bjeg(sd~h s~dec ~dhkiedc je sod qkhd bdpdb kq |~dpijtq hjeso%

Ajh|k~dc wiso sod |~dpijtq hjeso" sdh|d~kst~dq qdkqjekbby cdabiedc je sodDkqs kec Wdqs Ajkqsq%

AQK\^ EJx kec QJ> dhiqqijeq kbbjwkeadq `tst~dq |~iadq c~j||dc c~khksi(akbby sjwk~c sod dec j` Ktgtqs k`sd~ sod T%Q% Ciqs~ias Ajt~s j` K||dkbq pAQK\^% Ct~ieg sod bkqs hjeso EJx kec QJ> dhiqqijeq kbbjwkeadq `tst~dq|~iadq ~dhkiedc bjw%

Hjesoby kekbysiaq `j~ \jwd~" Ekst~kb Gkq" A~tcd Jib kec Depi~jehdeskb hk~mdsq% G~k|oq |~d|k~dc wiso VDHK%

Ej~so Khd~iake Dbdas~iaisy CK \~iadq /IAD)

Kastkb Sdh|d~kst~d /KaatWdksod~)

Ej~so Khd~iake Dbdas~iaisy @j~wk~c At~pdq /IAD)

IAD JSA Dhiqqije Kbbjwkeadq

VDHK Hk~mds Ckqonjk~ cksk wksao Qd|sdhnd~ >

Nkam sj Qthhk~y

Kastkb Wdksod~ /KaatWdksod~)


16/23

Nkam sj Qthhk~y Kbb g~k|oq a~dksdc wiso VDHK

VDHK Hk~mds Ckqonjk

Wiso teaokegdc `teckhdeskbq" IAD Ode~y Otn ekst~kb gkq `tst~dq ~dhkie

ks k||~jxihksdby sod qkhd bdpdb%

Ekst~kb gkq |~iadq cic ejs aokegd htao wode ajh|k~dc wiso sod |~dpijtqhjeso ndaktqd j` qsknbd cdhkec" oigo ekst~kb gkq qsj~kgd bdpdb kec bot~~iaked kasipisy% \~jctasije ie sod Gtb` j` Hdxiaj wkq ~dqsj~dc {tiamby sod abjqt~dq ie sod ndgieeieg j` Qd|sdhnd~ soks jaat~~dc ndaktqd Ot~~iaked Iqkka% Qjhd |~iad pk~iksije ajesietdc sj nd odbc kbj`s ny wdksod~ kec k okec`tb j` |i|dbied ajeqs~kiesq%

Ndeaohk~m N~des a~tcd |~iadq ~jqd sj edk~by #;;


17/23

cksk wksao

Nkam sj Qthhk~y

Qiegk|j~d*Ojtqsje*Bjecje" Qd|sdhnd~ 1" >

Gbjnkb ded~gy kec ajhhjcisy |~iad ~d|j~sieg qd~piad K~gtq sjcky bkteaodc kcdciaksdc ajmieg ajkb qd~piad% Sod edw ckiby ~d|j~s" K~gtq Ajmieg AjkbIesd~eksijekb" ajpd~q Dt~j|d" Kqik(\kaiìa kec sod Khd~iakq kec j``d~q |~iadq`j~ mdy dx|j~s kec ajeqthieg hk~mdsq" kec `~digos ~ksdq `j~ sod hkie s~kcieg~jtsdq%

Ajmieg ajkb cdhkec kec iesd~eksijekb s~kcd k~d g~jwieg ~k|icby" `tdbbdc nyiectqs~ikb dx|keqije ie Aoiek kec Iecik ie |k~siatbk~% K qwk|q hk~mds iqndgieeieg sj dhd~gd k~jtec sod Ktqs~kbike dx|j~s hk~mds" kq ajmieg ajkb~jctad~q" s~kcieg ì~hq kec qsddb hket`kast~d~q qddm ~iqm hkekgdhdessjjbq%

Ktqs~kbik iq k mdy dx|j~sd~ sj qsddb hibbq ie Kqik(\kaiìa" Dt~j|d kec QjtsoKhd~iak% Sod hkie Kqike cdhkec ades~dq k~d Iecik" Aoiek kec Fk|ke% K~gtqkqqdqqdq cdbipd~dc |~iadq sj Aoiek" kq wdbb kq ajpd~ieg sod cjhdqsia hk~mdsie cjbbk~q kec ytke" ndaktqd sod~d ake nd mdy ci``d~deadq ndswdde |~iadq kssod |j~sq kec bjakb bdpdbq" dpde k`sd~ kaajtesieg `j~ `~digos ajqsq%

Sod `jn Okh|sje ^jkcq kqqdqqhdesq /`j~ oigo kec bjw(pjbksibd hkssd~)~d|~dqdes kejsod~ mdy dx|j~s ades~d" je sod TQ dkqs ajkqs% Ajbjhnik iq keiea~dkqiegby ih|j~skes dx|j~sd~ `j~ Bksie Khd~iak kec K~gtq bkteaodq sodwj~bcq ì~qs |tnbiqodc iecdx `j~ Ajbjhnike ajmieg ajkb dx|j~s |~iadq wiso sod~d|j~s% Sod ~d|j~s kqqdqqdq sod |~iad j` hic(pjbksibd ajkb ks dx|j~s sd~hiekbqkbjeg sod Ak~inndke ajkqs%

Wd k~d gbkc sj kcc ajmieg ajkb sj jt~ ~kegd j` ded~gy kec `d~sibivd~ ~d|j~sq%Wd okpd wj~mdc abjqdby wiso sod iectqs~y sj cdpdbj| k qd~piad soks ake hddssod g~jwieg eddc `j~ ndeaohk~m kec ~iqm hkekgdhdes qd~piadq" K~gtqHdcik aoki~hke kec aoid` dxdatsipd Kc~ike Niemq qkic%

^d{tdqs hj~d ie`j~hksije knjts K~gtq iesd~eksijekb ajmieg ajkb ajpd~kgd%

J~ ajeskas6

Ie Ojtqsje Gkn~idbk Kbajad~ -; 7;1 3>9 01


18/23


Nkam sj Qthhk~y

Ie Cd|s

kst~kb gkq okq s~kcisijekbby qd~pdc sod eddcq j` so~dd hkfj~ sy|dq j` atqsjhd~q6ket`kast~d~q" |jwd~ gded~ksj~q" kec ~dqicdesq tqieg gkq `j~ odksieg kecjmieg% Sod s~keq|j~sksije iectqs~y ejw ajeqicd~q dx|kecieg sod tqd j` ekst~kbkq sj |jwd~ ktsjhjsipd pdoiabdq= soiq a~dksdq kejsod~ kpdetd `j~ ekst~kb gkqbiaksije%

hjeg kbb tqdq" sojqd ny ~dqicdesikb atqsjhd~q k~d hjqs |~dciasknbd% Odksiegddcq k~d k``dasdc bk~gdby ny qdkqjekb aokegdq ie wdksod~ kec gjjc wdksod~ ~dakqsq hkmd is dkqy sj kcftqs gkq qt||by= odead" sod ih|kas j` odksieg jedhkec `j~ ekst~kb gkq ake nd `j~dqdde wiso hj~d ad~skiesy" dq|daikbby ie sodeg sd~h% Hdkewoibd" iea~dkqdc tqd j` ekst~kb gkq ny sod |jwd~ iectqs~y kec

ket`kast~d~q iq c~ipde |~ihk~iby ny dajejhiaq6 sod |~iad j` gkq% Sod |~iad iq ejsod jeby `kasj~ k``dasieg cdaiqijeq je dx|kecieg isq tqd6 |jwd~ tsibisidq okpd sjeqicd~ depi~jehdeskb ~dgtbksijeq kec jsod~ |jwd~ ~dqjt~adq ie sodi~ gded~k(je |j~s`jbij" kec hket`kast~d~q |jecd~ jpd~ qtqskieknibisy j` dx|kecieg |~jcta(je ak|kaisy%

ket`kast~d~q ~dby odkpiby je `jqqib `tdbq sj nd tqdc kq `tdb j~ `ddcqsjam%t~~desby" bjw ekst~kb gkq |~iadq k~d gjjc edwq `j~ qsddbhkmd~q" |~jctad~q j`

odhiakbq" |bkqsiaq kec `d~sibivd~q% Ie hjqs |~jadqqdq" ekst~kb gkq ake nd tqdcsd~aokegdknby wiso jib j~ ajkb% Wode |bkesq ake qwisao ndswdde sodqd `tdbq" kssihd j` bjw |~iadq" ekst~kb gkq ndajhdq k `tdb j` aojiad ciq|bkaieg jsod~ `jqqibq%

sddbhkmd~q tqd gkq kq `tdb |~ihk~iby sj ì~d nbkqs kec eje(nbkqs `t~ekadq%wisaoieg `~jh ajkb sj ekst~kb gkq ake ~dqtbs ie |~jctasije ajqs qkpieg j` ;(>$%sddb |bkesq okpd kb~dkcy qsk~sdc ~d|bkaieg ajkb wiso ekst~kb gkq sj mdd| `t~ekadqeeieg% Kq sod bkqs qdpd~kb ydk~q okpd hk~mdc k ~ksod~ ck~m sihd `j~ qsddbhkm(

~q" qtao k st~e j` dpdesq iq a~dksieg k gjjc ieadesipd" ejs jeby sj tqd ekst~kb gkqq k `tdb sj ih|~jpd at~~des ìekeaikb qsksdhdesq" nts kbqj sj dx|kec |~jctasijek|kaisidq `j~ bjegd~ sd~h ndedìsq%

kst~kb gkq iq tqdc kq k nkqd `ddcqsjam ny sod aodhiakb iectqs~y6 hj~d soke ? CkskWksao iqqtd" wd qsk~sdc sod ciqatqqije ny kcc~dqqieg `kasj~q k``dasieg sod teajepdesijekb gkq qt||by% Sod dx|j~s |jsdesikb ekst~kb gkq ie k bi{tdìdc j~h /bi{tdìdc ekst~kb gkq ( BEG) jts j` sod T%Q% sj wj~bcwicd hk~mdsq" kq wdbb kq BEG |~iad kec s~kcd cyekhiaq" wd~dpd~dc ie sod Ie(Cd|so k~siabd ie sod Ftby > CkskWksao ~dbdkqd %

soiq iqqtd" wd dxkhied kq|dasq soks ake ih|kas sod cdhkec qicd j` T%Q% ekst~kb gkq dx|keqije" kec tbsihksdby kcc tead~skiesy sj ekst~kb gkqiad |~jfdasijeq%

Qokbd gkq dx|keqije okq ndde ~d`d~~dc sj kq k hdkeq bdkcieg sj kaadbd~k~ksd j` dajejhia ~dajpd~y" woiao iq k pd~y gjjc k~gthdes ks sod sihd j` sobjegdqs ~dadqqije% Ci~das kec ieci~das ajes~intsije sj fjn a~dksije" k njjq`dcd~kb" qsksd kec bjakb skx ~dpdetdq= kbb j` sodqd `kasj~q okpd nd`~d{tdesby ny qt||j~sd~q j` dx|keqije j` teajepdesijekb gkq dxs~kasije%

Kaaj~cieg sj sod qstcy Sod Dajejhia kec Dh|bjyhdes Ajes~intsijeq j` QokbdGkq ie sod Teisdc Qsksdq" |~d|k~dc ny IOQ Gbjnkb Ieqigos" bjwd~ gkq |~ianjjqs sod ajh|dsisipdedqq j` cjhdqsia hket`kast~d~q" kec wibb iea~dkq|~jctasije ny 1$ ny >1;%; nibbije kenibbije ie skx ~dpdetdq `j~ bjakb" qsksd kec sod `dcd~kb gjpd~ehdesq ie

Kaaj~cieg sj sod qstcy" ie >


19/23


Nkam sj Qthhk~y

Ie Cd|s

Qokbd Gkq6 Hj~d Ajh|biaksijeq `j~ \~iad @j~dakqs Cdpdbj|d~q%\k~s III6 Sod Cdhkec Qicd j` sod D{tksije

dhkie je sod aktsijtq qicd kec ~dskie woks okq ndde pd~y qsknbd" ks bdkqs `~jhod |d~q|dasipd j` ajqsq% Sodi~ cdaiqije wibb nd nkqdc je dx|dasksijeq j` wodsod~ t~~des bjw gkq |~iadq wibb nd qtqskiedc jpd~ ke dxsdecdc |d~ijc j` sihd" kec

woks `kasj~q higos sibs sod at~~des qoj~skgd j` cjhdqsia cdhkec kec |tqo |~iadq%

iqkg~ddhdes khjeg iectqs~ikbq ajhdq kq ej qt~|~iqd ( sod qkhd dpdesq j`sdepjmd ciqqihibk~ pidwq ny ci``d~des |k~sidq" bdkcieg sj k pk~idsy j` ajeabtqijeq kect~qdq j` kasije% Sotq" qjhd ndbidpd soks k |decieg iea~dkqd ie gkq dx|j~sq wibbdkc sj g~jwso ie sod cjhdqsia |~iad" kq k ~dqtbs j` d{tkbivksije wiso |~iadq ie~dige hk~mdsq /ciqatqqdc ie hj~d cdskibq ie sod Ftby > Ie(Cd|so k~siabd )%

Qtao ke iea~dkqd wibb cihieiqo ndedìsq `j~ T%Q% hket`kast~d~q% Sojqd woj k~dd~skie j` soiq ajt~qd j` dpdesq akbb `j~ gjpd~ehdes sj qds ~dqs~iasijeq je ekst~kbkq dx|j~sq% Jsod~q ndbidpd soks gjpd~ehdes iesd~`d~dead ie sod j|de hk~mds aked cds~ihdeskb" ejs jeby `~jh sod |d~q|dasipd j` a~dksieg k akqd j` gjpd~ehdesdccbieg wiso `~dd hk~mds `j~adq" nts kbqj ndaktqd k ~dctasije ie jpd~qdkq BEGdbipd~idq wibb k``das dx|deqd kaajtesq ie sodi~ ìekeaikb qsksdhdesq kec hkmd gkq~jctad~q teok||y" woiao wibb bdkc sj |jsdesikb atsq ie gkq |~jctasije kec ajeqd(tdesby cjhdqsia |~iad iea~dkqd%

od at~~des qsksd j` sod hk~mds iq pd~y `kpjt~knbd sj sojqd wiso gkq kq k hkfj~ qs k``dasieg sodi~ ieajhd qsksdhdesq= ojwdpd~" j~ bjegd~ sd~h iepdqshdesq" sod

tkbisy j` ekst~kb gkq |~iad |~jfdasijeq iq j` |k~khjtes ih|j~skead% Htbsi|bdead~skiesidq hkmd is pd~y ci`ìatbs sj k~~ipd ks k cdìeisd ajeabtqije% K bkam j` bk~isy a~dksdq k bjj|dc bjgia= iepdqshdes cdaiqijeq k~d nkqdc je dx|dasksijeqnjts `tst~d ekst~kb gkq |~iadq" woiao ie sodi~ st~e k~d k``dasdc ny cdhkec ndiegci~das cd~ipksipd j` sodqd cdaiqijeq%

od |jwd~ qdasj~ iq k``dasdc ny ekst~kb gkq |~iadq hj~d soke key jsod~ qdasj~%Woibd ndieg k hkfj~ ie`btdead je sod iectqs~y kq k wojbd" sod ih|kas j` |~iadqi``d~q `j~ ci``d~des sy|dq j` gded~ksj~q% Ej cjtns" gded~ksj~q soks ~te je ekst~kbkq k~d sod ì~qs ie bied sj bdk~e sod ci``d~dead% K ~ksod~ bk~gd ethnd~ j` soiq sy|dgded~ksj~" ajh|k~dc sj jsod~ sy|dq j` gded~ksj~q" okpd ndde ntibs qiead sod

ec j` sod 9% Njso k||~jpkbq |kpd sod wky `j~ ajeqs~tasije j` etabdk~ |jwd~ gded~ksije soks okq ejs qdde key kccisije ie sod T%Q% jpd~ sod bkqs 1< ydk~q

Sod EÂ iq at~~desby ~dpidwieg k||biaksijeq `j~ edk~by swdesy etabdk~ teisq% Qsod ~dpidw |~jadqq skmdq ks bdkqs `jt~ ydk~q" tsibisidq wibb ejs qsk~s ajeqs~tasod ~dpidw |~jadqq skmdq ks bdkqs `jt~ ydk~q" tsibisidq wibb ejs qsk~s ajeqs~tassihd qjje% Sod |d~hisq" i` g~kesdc ny sod ajhhiqqije" k~d pidwdc ny tsibisidq kj|sijeq sj nd dxd~aiqdc ie akqd ekst~kb gkq dajejhiaq aokegd%

Ajkb |jwd~ gded~ksj~q" k`sd~ cjhieksieg sod |jwd~ gded~ksije nkqd ie sod T%Q`j~ cdakcdq" k~d `kaieg pd~y ci`ìatbs sihdq% Ndieg aodk|" knteckes" kec cjhdqsia" sody jead okc ke jpd~wodbhieg kcpkeskgd jpd~ jsod~ |jwd~ gded~ksije~dqjt~adq% Depi~jehdeskb ajead~eq kec cdsd~ij~ksieg ki~ {tkbisy skmd |~dadcdjpd~ bjw dbdas~iaisy |~iadq kec sod hkey fjnq a~dksdc ie hieieg kec s~keq|j~sksije%

Kaaj~cieg sj sod D\K" T%Q% ekst~kb gkq(ì~dc gded~ksije |~jctadq okb` kq hAJ>" bdqq soke k soi~c kq htao EJx" kec ;$ kq htao QJ> j` sod kpd~kgd ki~ dhiqqijeq `~jh ajkb(ì~dc gded~ksije% Ajkb gded~ksj~q k~d bjqieg sodi~ ajh|d

sipdedqq ie sodi~ ak|kaisy sj ajh|by wiso depi~jehdeskb ~dgtbksije ~d{ti~dhdessoks k~d ndajhieg hj~d ~igj~jtq% Soiq iq ~ksod~ te`j~steksd `j~ sod ajkb iectqs~dq|daikbby gipde sod `kas soks ajkb |~iadq okpd ~dhkiedc qsknbd jpd~ sod ajt|bd ydk~q" kq qojwe ie @igt~d ;" kec k~d dx|dasdc sj hkieskie bjw bdpdbq iesod `tst~d" kq qojwe ie sod `j~wk~c at~pdq ie @igt~d >%

@igt~d ;6 DIK(^d|j~sdc Ajkb \~iadq j~ Ci``d~des Nkqieq

@igt~d >6 Ajkb \~iad @j~wk~c At~pdq /AHD)

G~k|o a~dksdc wiso VDHK
http://datawatch.ze.com/in-depth/shale-gas-more-complications-for-price-forecast-developers-part-iihttp://datawatch.ze.com/in-depth/shale-gas-more-complications-for-price-forecast-developers-part-iihttp://datawatch.ze.com/in-depth/shale-gas-more-complications-for-price-forecast-developers-part-iihttp://datawatch.ze.com/in-depth/shale-gas-more-complications-for-price-forecast-developers-part-iihttp://datawatch.ze.com/in-depth/shale-gas-more-complications-for-price-forecast-developers-part-ii


20/23


21/23


Nkam sj Qthhk~y

Ie Cd|s


Hjqs EGPq ies~jctadc sj sod hk~mds okpd ndde sk~gdsieg iectqs~ikb" ajeqs~tasije kec jsod~ odkpy(ctsy k||biaksijeq% @j~c okq ndde hket`kast~ieg EGPq `j~ sod bkqso~dd ydk~q% Ao~yqbd~ ftqs qsk~sdc hket`kast~ieg sod AEG ^kh >4" Aodp~jbds

Qibpd~kcj kec GHA Qid~~k >4


22/23

\ojed6 77?(>90(3;?1 Dhkib6 jbgkLvd%ajh

k~d ndieg ajeqs~tasdc kbqj k``das sod pjbthd j` BEG dx|j~sq%

Kejsod~ qjt~ad j` g~jwieg cdhkec `j~ ekst~kb gkq iq isq tqd kq ke kbsd~eksipd `tdb ny sod s~keq| j~sksije iectqs~y%

Sod |j|tbk~isy j` pdoiabdq `tdbdc ny ekst~kb gkq ie isq ajecdeqdc j~ bi{tdìdc `j~h iq g~jwieg= ojwdpd~" ajqsq `j~ sodqd pdoiabdq ~dhkie oigo% Ndqicdq" sod dx|keqije` ekst~kb gkq(`tdbdc pdoiabdq iq ~dqs~iasdc ny k bihisdc ie`~kqs~tast~d j` ìbbieg qsksijeq% Ke ieod~desby oigo ajqs j` ~ds~jìssieg" kq wdbb kq k bkam ìbbieg ie`~kqs~

nd j``qds ny gjpd~ehdes qtnqicidq% Hj~djpd~" sod tqd j` ekst~kb gkq kq k s~keq|j~sksije `tdb iq |~ihk~iby c~ipde ny sod ajqs j` |ds~jbdth" woiao at~~desby ~dhkieq oigo%Nts" wibb sod jib qsky dx|deqipd `j~dpd~: A~tcd jib |~iad |~jfdasijeq" wiso htbsi|bd `kasj~q kec qoj~skgd j` |tnbiaby kpkibknbd ie`j~hksije" k~d k sj|ia `j~ k qd|k~ksdkekbysiakb ~dqdk~ao%

Qjhd hket`kast~d~q kec |jwd~ iectqs~y ~d|~dqdesksipdq k~dbjjmieg ks aodk| gkq kq k |kekadk= ojwdpd~" k bjeg oiqsj~y j` ~iad pjbksibisy mdd|q hkey j` sodh odqiskes sj dx|kec |~jcta(sije ak|kaisidq `tdbdc ny ekst~kb gkq%

Qokbd gkq |~jctasije isqdb` `kadq ajeqs~kiesq kec tead~skiesidq%^dqd~pd dqsihksijeq |~d|k~dc ny ci``d~des |k~sidq" gjpd~ehdeskec iectqs~y" ci``d~ c~khksiakbby kec okpd ndde {tdqsijedc keca~isiaivdc ny j||jqieg qicdq% Kq tead~skiesy ~dhkieq knjtskastkb ~dqd~pdq" sod ajqs kec ~ksd j` |~jctasije ake nd k``dasdcny k||bidc sdaoejbjgidq kec ajqs j` ajh|bikead wiso ~dgtbksijeqe `~kast~ieg%

Sj ak| is kbb" depi~jehdeskb ~dgtbksijeq" sojqd ie d``das kec ie sodhkmieg" kq wdbb kq sojqd ndieg ajeqicd~dc" wibb k``das njso qicdq` sod d{tksije% Cd|decieg je woiao k~d k||~jpdc kech|bdhdesdc" sod |jwd~ gded~ksije hix" ekst~kb gkq ~dajpd~y"

kec tqd j` ekst~kb gkq kq ke kbsd~eksipd `tdb ake nd kbsd~dcc~khksiakbby kec qoi`sieg ie|ts |k~khdsd~q iesj temejwesd~~isj~y%

s iq ejs qj dkqy sj |~dcias sod dx|keqd kec ci~dasije j` sod `tst~d` ekst~kb gkq tqd gipde sod iesd~~dbksijeqoi| j` `tst~d |~iad

hjpdhdesq ny hk~mds |k~siai|kesq"epdqshdesq ie ekst~kb gkq(qt||j~sdc qdasj~q" kec gjpd~ehdes

qtnqicidq `j~ sod iectqs~y% @j~ ejw" sodqd k~d sod `kasj~q k~iqieg~jh qokbd gkq dx|keqije soks okpd j~ higos okpd ke ih|kas je

ekst~kb gkq |~iadq%


Nkam sj Qthhk~y

Ie Cd|so


Jbgk Gj~qsdemj" HNK" Ajeqtbsieg kec Ajhhteiaksijeq Hkekgd~

Jbgk okq jpd~ ;4 ydk~q j` dx|d~idead ie sod ded~gy" ntqiedqq kec s~kcd qdasj~q% Kq k hdhnd~ j` sod VD sdkh" qod okq ajectasdc{tkbisksipd kec {tkesisksipd ~dqdk~ao kec kekbyqiq" |~jfdas dpkbtksije kec qs~ksdgia |bkeeieg `j~ sod ded~gy kec ajhhjcisidq iectqs~y% Od~ dx|d~siqd `jatqdq je ~dgtbksj~y qt||j~s kec hk~mds hjeisj~ieg%

Knjts sod Ktsoj~

@igt~d 36 C~ipd~q K``dasieg Ekst~kb Gkq \~iadq K~iqieg ~jh Qokbd Gkq Dx|keqije


23/23

cksk wksao Qd|sdhnd~ > T|ajhieg Dpdesq

njts VD \jwd~G~jt| IeaD iq ke dx|d~ideadc qj`swk~d kec qs~ksdgia ajeqtbsieg ì~h soks ajhniedq ded~gy iectqs~y dx|d~siqd wiso kcpkeadc qj`swk~d cdpdbj|hdes ak|knibisy%d ajh|key |jqqdqqdq cdd| iectqs~y mejwbdcgd kec ajh|~dodeqipd j|d~ksijekb dx|d~idead% VD iq sod cdpdbj|d~ j` VDHK Qtisd" k qj|oiqsiaksdc

esd~|~iqd Cksk Hkekgdhdes kec Kekbyqiq qjbtsije ntibs sj hdds sod q|daiìa aokbbdegdq j` ded~gy kec ajhhjcisy hk~mds |k~siai|kesq%

njts VDHKDHK iq ke desd~|~iqd cksk hkekgdhdes qtisd cdqigedc `j~ ajbbdasieg cksk kec |d~`j~hieg ajh|bdx kekbyqiq% VDHK ~d|bkadq `~kghdesdc ckskbbdasije kec kekbyqiq |~jadqqdq wiso k qj|oiqsiaksdc" teiìdc kec ktsjhksdc cksk hkekgdhdes qyqsdh% Dkao VDHK ajh|jedes ake |d~`j~h kq kecd|decdes |~jctas= soiq hdkeq g~dksd~ `bdxinibisy wode iesdg~ksieg VDHK iesj yjt~ j~gkeivksije% VDHK iq ajeqiqsdesby ~kemdc !; `j~ |~d`d~~qsdh" !; `j~ dkqd j` qyqsdh iesdg~ksije" kec !; `j~ atqsjhd~ qd~piad% VDHK iq dkqy sj tqd kec nkamdc ny jt~ qt||j~s sdkh k~jtec sod abjam%

qabkihd~ D CkskWksao iq k ~d|j~s" ajh|~iqdc j` cksk t|cksdq kec dx|dasksijeq `j~ ded~gy kec ajhhjcisy hk~mdsq kec |jwd~dc ny VDHK% Sod ie`j~hksijeeskiedc ie sod VD CkskWksao iq `j~ ie`j~hksije |t~|jqdq jeby% Kbsojtgo VD \jwd~G~jt| ndbidpdq sod ie`j~hksije ie soiq ~d|j~s sj nd aj~~das kecsdh|sq sj mdd| sod ie`j~hksije at~~des" VD \jwd~G~jt| cjdq ejs wk~~kes sod kaat~kay j~ ajh|bdsdedqq j` key ie`j~hksije% Ie`j~hksije ie soiq ~d|j~sejs iesdecdc sj |~jpicd ìekeaikb" bdgkb" kaajtesieg" j~ skx kcpiad kec qojtbc ejs nd ~dbidc t|je ie soks ~dgk~c% VD \jwd~G~jt| iq ejs ~dq|jeqinbdk hk d k jd d `j i d " i i d " |d ikb j j d{td ikb khk d " j jd d kt d " k i i jt j` d t d j` i d|j %

Jasjnd~

Qskyieg Kodkc j` sod At~pd Aje`d~dead ny VDVDHK Tqd~ @j~thHCK Dk~soqksK~gtq Dt~j|dke A~tcd S~kciegKbbdg~j Tqd~ @j~th\bkssq Ajhhjcisy WddmJ\IQ Eksijekb Qt||by QthhisWj~bc Ajhhjcisidq WddmDed~gy Ntyd~q Aje`d~deadVD Aoiakgj Bteao & Bdk~e

13(4;;;;4;0(;7>>(>3>3(>4>?(1

ZE DataWatch - September 2012

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Transcript of ZE DataWatch - September 2012