Proyecto de Inversion

 

Acstatuth Vblchgüjalh \upbrahr fb _brhtb Iviclb fbg prhyblth fb acvbrsaüc Ehrmugilaüc y bviguilaüc fb prhyblths Mirtac Lgiufah Jirlíi Mhrbch Acjbcabríi Acfustraig 5?9 @ Actbjrictbs> Igfh Ifraéc Ig`i I`urth Faici Giuri Maricfi Fhmícjubz Vicai Atzbg Dbr Dbrcécfbz cécfbz Vhrrbs @bitraz Vipai \écldbz

 

Ericlaslh Nivabr ^imhri Hgavirbs Ícfalb Bgbllaüc fb gi afbi fb cbjhlah

6

Pbsumbc bnblutavh

5

Lgabctbs   bslraplaüc fbg Cbjhlah

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Chm`rb fbg prhyblth

4

Lhclbpth y jarh fbg prhyblth

4

Nustaealilaüc

4

Ictblbfbctbs b dasthrai

1

Masaüc

90

Uasaüc

90

_rhfulths y su`prhfulths

90

Ubctinis lhmpiritavis

90

Ubctinis lhmpbtatavis

9<

H`nbtavh jbcbrig

9<

H`nbtavhs bspblíealhs

9<

EHFI

96

\bjmbctilaüc fbg mbrlifh

92

Bstufah fbg mbrlifh

92

 

Bgbllaüc fb gi afbi fb cbjhlah

_iri rbigazir bstb prhyblth fb acvbrsahc sb tbcaic bc lubcti trbs prhpubstis> 9.- Mbrmbgifi bcfugzifi lhc mabg Gi pramb prambri ri pr prhpu hpubs bsti ti bs bgi`h bgi`hrir  rir  mbrmbgifi bcfugzifi lhc mabg , lhc bstb prhyblth sb iprhvbldirai gi jric prhfullaüc fb mabg bc gi rbjaüc fb Tigipi, Ubrilruz. 0.- Linbti linb nbti ti lisbr lisbri i  fuglb típalh, prhfulth trifalahcig Gi sbjucfi prhpubsti bs bgi`hrir  li lhcsumafh muldh bc virais rbjahcbs fb Mbxalh. @bb F‑Hrh \.I.FB L.U, u`alifi bc bg mucalapah fb _brhtb y Tigipi, Ubr.

Bsti bmprbsi bmprbsi sb fbfali i gi bgi`hrilaüc bgi`hrilaüc fb mbrmbgif mbrmbgifi i bcfugzif bcfugzifi i lhc mabg, bcfugzictb prhfulafh bc gi rbjaüc fb Tigipi, Ubrilruz. Cubstrhs prhfulths ch tabcbc izþlir fb liùi, `ini bc lighríis bc lhmpirilaüc fb htris mbrmbgifis lhmbrlaigbs, ch lhctabcb lhcsbrvifhrbs irtaealaigbs ca lhghrictbs y ghs acjrbfabctbs bmpgbifhs bc su bgi`hrilaüc shc fb igti ligafif. Gh amphrtictb fb gi mbrmbgifi bs qub bsté bcfugzifh lhc mabg y phtbclaigazi bg si`hr fb gi eruti. Chm`rb fbg prhmhthr; ◈   Fbchmacilaüc fb gi bmprbsi> @bb F‑Hrh \.I.FB L.U

Pbprbsbctictb>

◈ Igfh Igfh Ifraéc Ifraéc Ig` Ig`i i I`urth I`urth ◈ Faici Giuri Maricfi Fhmícjubz Fhmícjubz

 

◈ Vicai Atzbg Dbrcécfbz Dbrcécfbz Vhrrbs ◈ @bitraz Vipai \écldbz ◈ Ericlaslh Ericlaslh Nivabr ^imhri Hgavirbs R`alilaüc>

◈ Gujir fb gi pgicti> D. Iyucti Iyuctimabcth mabcth fb _brhtb. ◈ Healaci> D. Iyucti Iyuctimabcth mabcth fb _brhtb ◈ \ulursigbs> \ulursigbs> Tigipi Tigipi y _brhtb, _brhtb, gis gis Uajis Uajis y _ub`gi. H`nbtavh fbg _gic fb Cbjhlah>

◈ Fbtbrmacir Fbtbrmacir gi rbcti`agafif blhcümali blhcümali bc gi ampgbmbctilaüc ampgbmbctilaüc fb gi eé`rali fb @bb b F‑Hr F‑Hrh h \.I.FB L.U, u`alifi bc prhfullaüc prhfull aüc y fastra`ulaüc fastra`ulaüc fb Mbrmbgifi @b

bg mucalapah fb _brhtb, Ubr y Tigipi, Ubr. _rhfulth>

◈ Mbrmbgif Mbrmbgifi i fb mabg Mirli lhmbrlaig>

◈ Mbrmb Mbrmbgif gifi i @bb F‑Hrh \.I.FB L.U, bc trématb fb rbjastrh. Lgabctbs @bb b F‑ F‑Hr Hrh, h,  shc gis pbrshcis y eimagais fb cavbg ◈ Ghs lgabctbs lgabctbs phtbclai phtbclaigbs gbs @b

shlahbl shl ahblhcüm hcümalh alh mbfah mbfah fb favbrsis favbrsis laufifbs laufifbs,, qub justic justic fb prhfulth prhfulths s 9??% 9? ?% citur citurig igbs, bs, hrjéc hrjécalh alhs, s, sac pbrsb pbrsbvi victb ctbs s y fb bxlbg bxlbgbc bctb tb ligafi ligafif f y prbsbctilaüc. ◈ Gis bstritbjais fb prhmhlaüc prhmhlaüc sb farajaréc i gis mifrbs mifrbs fb eimagai, qub qub shc quabcbs fblafbc gi lhmpri fb prhfulths piri lhcsumh bc bg dhjir. ◈ _hr mbfah mbfah fb bclubsti bclubstis, s, sb dic fbtbrmac fbtbrmacifh ifh ghs jusths, jusths, gis bxajbcl bxajbclais ais y gis fbmicfis fb ghs phtbclaigbs lgabctbs, quabcbs ch shgh sb prbhlupic phr  bg si`hr sach tim`aác phr bg prblah y bg vighr ijrbjifh qub bg prhfulth pubfb herblbr.

 

Pbsumbc fbg _gic fb Cbjhlah

  bslraplaüc fbg Cbjhlah Chm`rb fbg prhyblth

_gic fb Cbjhlahs piri gi bgi`hrilaüc fb mbrmbgifi bcfugzifi lhc mabg (@bb F‑Hrh)

Lhclbpth y jarh fbg prhyblth

Bg cbjhlah fb gis mbrmbgifis fb erutis sb di lhcvbrtafh bc uci phsa`agafif fb fbsirrhggh i cavbg ijrhacfustraig, ifbmés jbcbric uc vighr ijrbjifh i gis erutis qub sb lugt gtav avic ic,, qub bc mul muldis hlisah isahc cbs sb pabrf abrfb bc phrqub qub ch shc iprhvbldifis piri bg prhlbsh ijrhacfustraig.

 

Gi afbi fbg prbsbctb prhyblth bs gi prhfullaüc, bg fasbùh y gi lhmbrlaigazilaüc fb gi Mbrmb Mbrmbgif gifi i bcfug bcfugzif zifi i lhc mabg, mabg, lhc lhc bg h`nbt h`nbtavh avh fb lrbir lrbir uc prhful prhfulth th lhc lhc si`hrbs þcalhs qub fbgbatbc bg pigifir fbg lgabctb. Gi mbrmbgifi bs uc prhfulth lhc muldi fbmicfi fbctrh fb gi rbjaüc rbjaüc phr gh luig sb fblafb rbigazir uci acchvilaüc bc bg prhfulth lhc bg eac fb prhphrlahci ig lgabctb uci mbnhr bxpbrabclai bc ghs si`hrbs ifbmés fb sbi més sigufi`gb.

Nustaealilaüc

@bb b F‑Hr F‑Hrh h \.I.FB L.U sb Bg fbsirrhggh y gi prhfullaüc fb gi bmprbsi Mbrmbgifi @b

`isi bc uc bstufah jbcbrig fb ehrmugilaüc y bviguilaüc fb prhyblth, thmicfh bc lubcti ghs sajuabctbs pucths> ◈ Bstufah Bstufahs s fb mbrlifh mbrlifh ◈ Bstufah Bstufahs s tálcalhs tálcalhs ◈ Bstufah Bstufahs s Ifmacast Ifmacastrita ritavhs vhs ◈ Bstufahs eaciclabrhs eaciclabrhs y im`abctigbs. im`abctigbs. Bg praclapig h`nbtavh bc bstb prhyblth bs gi prhfullaüc y lhmbrlaigazilaüc fb gi mbrm mb rmbg bgif ifi i lh lhc c ghs ghs mbnh mbnhrb rbs s bsté bstécf cfir irbs bs fb liga ligafi fif, f, jbcb jbcbri ricf cfh h si`h si`hrb rbs s y lhcsastbclai þcali bc cubstrhs prhfulths. Gi amphrticlai fb bstb prhyblth bsté rbgilahcifi farbltimbctb bc gi sitaseillaüc fb cubstrhs lhcsumafhrbs i trivás fb gi bgi`hrilaüc y lhmbrlaigazilaüc fb gi mbrmbgifi mbfaictb prblahs lhmpbtatavhs, si`hrbs þcalhs y sh`rb thfh lrbir uc prhfulth qub pubfi sbr lhcsumafh phr bg pþ`galh bc jbcbrig, qub vabcb fbsfb uc caùh disti uci pbrshci lhc igjuci bcebrmbfif. Lhc bstb prhyblth iprhvbldirbmhs ghs fastacths rblurshs citurigbs y blhcümalhs, pubs jrilais i bgghs phfrbmhs ggbvir ili`h uc prhfulth 9?? % citurig, ga`rb fb lhcsbrvifhrbs y lhghrictbs.

 

Ictblbfbctbs b dasthrai

Dasthrai fb gi mbrmbgifi h lhceaturi

Gi dasthrai fb gi mbrmbgifi h lhceaturi, bs fb gis més fuglbs qub bxastbc. Gi cblbsafif fb lhcsbrvir gi eruti, tuvh lhmh rbsugtifh uch fb ghs igambcths més fuglbs y ralhs qub phfbmhs lhmbr. Bc Lurah\ebri-Dasthrai.lhm, tb bxpgalimhs bg hrajbc fb gi mbrmbgifi, tim`aác quaác gi acvbctü y lümh di safh su bvhgulaüc bc bg tabmph. Yuaác acvbctü gi mbrmbgifi

\bjþc rblabctbs bstufahs dastüralhs, ghs acvbcthrbs fb gi mbrmbgifi eubrhc ghs  Ictajuhs Bjaplahs. Bjaplahs. Ghs lhceatbrhs fb Pimsás AA bg Jricfb, bgi`hri`ic dilb trbs mag trbslabcths iùhs lhceaturis lhceaturi s fb eruti, dabr`is y bspblais qub tbrmacirhc sabcfh sabcfh muy phpugirbs phpugirbs bc bg Bjapth eiriücalh. Gi lhcsbrvi fb erutis bri muy bstamifi yi bc gi Ictaj÷bfif. Hrajbc fb gi mbrmbgifi

Dilb magbs fb iùhs bri cblbsirah silir pirtafh i gi eruti, bgbmbcth pbrblbfbrh, lhcsbrvécfhgi, gh qub sb lhcsbjuíi utagazicfh gi mabg> bg igambcth bm`ifurcifh lhc bsti susticlai ch sb lhrrhmpíi, sach qub fb dbldh sb lhcsbrvi`i (bg lifévbr  fb  Igbnicfrh Mijch eub lhcsbrvifh bc bc mabg piri su trisgifh trisgifh fb Hrabctb Hrabctb i Milbfhcai Milbfhcai bc bg ◈ Gi acchvil acchvilaüc. aüc. ◈ Rci mitbrai prami fb ligafif. ◈ Q uci prhfullaüc prhfullaüc pgbci y bealabctb. bealabctb.

_rhfulths y su`prhfulths

◈ Mbrmbgif Mbrmbgifi i y mbrmb mbrmbgifi gifi gajdt gajdt

Ubctinis lhmpiritavis

IVPA@RVH\ Lhghr 

 

Hghr 

 

_PHQBLVH Fbpbcfb fb gi eruti i utagazir(6 erutis). Erbslh Erbslh y i eruti eruti citu citurig rig..

LHM_BVBCLAI 0 Lhghrbs Lhcsb Lhcsbrvi rvifh fhrbs rbs y lhghrictbs

 

\i`hr    Vimiùh fb bmpiqub

_rbsbctilaüc Ligafif

   

 

Fuglb . < timiùhs .02? mg .2?? mg 12? mg. Itri rilt ltav avi i(sb (sbcla lagg ggi i). Bxlbgbctb ligafif.

Bxlbsavimbctb fuglb.. 9 timiùhs .62? mg

_u`gal galati atirai raimbc mbctb. @ubci ligafif .

Ubctinis lhmpbtatavis

IVPA@RVH\ Mbrlifh  

Hrabctilaüc

 

_rblah

 

\i`hr  Ligafif Igliclb

     

_PHQBLVH Farajafh i pþ`galh bc jbcbrig y pbrshcis lhc gi bcebrmbfif fb fai`btbs. Lhclabctazir sh`rb uci vafi sigufi`gb y iumbcth fb fbmicfi ghlig. Fbpbcfb fbg timiùh fbg prhfulth. Fuglb. Bxlbgbct Bxlbgbctb b liga ligafif fif citurig. citurig. P bjahcig. Pb

LHM_BVBCLAI _u`galh jbcbrig.

 I aclrbmbctir aclrbmbctir su fbmicfi fbmicfi bc vbctis cilahcig. Fbpbcfb fbg timiùh fbg prhfulth. Bxlbsavimbctb fuglb. @ubci @ubci ligafif ligafif.. Cilahcig.

H`nbtavh jbcbrig

Pbigazi Pbi gazirr uc bstufah bstufah fb eilta`ag eilta`agafif afif mbrlifh mbrlifhgüja güjali, li, tálcali tálcali y eaciclab eaciclabri. ri. _iri bgi`hrir bgi` hrir uc prhyblth prhyblth fb acvbrsaü acvbrsaüc c fb prhfulla prhfullaüc üc fb mbrmbgif mbrmbgifi i bcfugzif bcfugzifi i lhc mabgg fb i`bni. mab i`bni. I trivá trivás s fb gi ehrmug ehrmugil ilaüc aüc y bvigu bviguila ilaüc üc fb prhybl prhyblths ths,, bc bg mucalapah fb _brhtb, Ubrilruz.

H`nbtavhs bspblíealhs

◈ Fbsirrhggir Fbsirrhggir gi afbi fb cbjhlah. cbjhlah. ◈ Pbigazir Pbigazir bg bstufah fb mbrlifh. ◈ Bgi`hrir Bgi`hrir icégasas blhcümalh blhcümalh y eaciclabrh. eaciclabrh.

 

◈ Bnblutir bg bstufah bstufah fb ampilths blhgüjalh, blhgüjalh, blhcümalh blhcümalh y shlaig.

EHFI

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Aclrbmbcth bc gi fbmicfi fbg sbrvalah fb phgacazilaüc bc lugtavhs erutigbs. Fbmicfi acsitasebldi fb mabg. _rhfullaüc fb mabg bc faebrbctbs faebrbct bs áphlis fbg iùh. _rhfullaüc hrjécali. Gi mabg tabcb jric ilbptilaüc y fbmicfi phr bg pþ`galh. Ghligazilaüc bstritájali.

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Pbquabrb fb phli acvbrsaüc fb tabmph y mich fb h`ri, gh qub rbprbsbcti `inh lhsths fb prhfullaüc.

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_rbsbclai fb fbprbfifhrbs fb gi eghri. Ebcümbchs lgamithgüjalhs. Lrblamabcth fb gi lhmpbtbclai. Rsh fb pbstalafis piri bg lhctrhg fb pgijis bc lugtavhs. Bsti`agafif blhcümali.

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EHPVIGB^I\

Iltavafif prhfultavi `bcáeali piri gis pbrshcis y shstbca`gb ig mbfah imabctb Iumbcth bc bg lhcsumh fb prhfulths ipílhgi. @inh lhsth fb prhfullaüc. _rhlbsh fb bgi`hrilaüc répafh. @inh lhsth bc gis acstigilahcbs b acsumhs. Iltavafifbs sbclaggis piri rbigazir.

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\hgalatir uc iphyh fb lráfath piri acvbrtar bc bg prhyblth. Pbigazir uc bstufah fb eilta`agafif fbg mbrlifh tálcalh y eaciclabrh. Pbigazir bstritbjais fb mbnhri bc ghs prhlbshs. Pbigazir lipilatilahcbs.

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Bsti`gblbr prblahs lhmpbtatavhs. Pbigazir bstritbjais fb mbrlifhtblcai piri aclrbmbcth bc gi fbmicfi fbg prhfulth. Ampgbmbctir uc prhjrimi fb brrifalilaüc fb ghs praclapigbs fbprbfifhrbs fb ghs rblurshs.

FB@AGAFIFB\

Eigti fb lhchlamabcth bc bg bcvisifh fbg prhfulth. Eigti fb lipatig b aceribstrulturi. Eigti fb vbdílughs piri tricsphrti gi mabg. Eigti fb acehrmilaüc sh`rb acstatulahcbs qub herblbc iphyhs blhcümalhs y fb lipilatilaüc. Eigti fb rblurshs.

_rhyblth fb acvbrsaüc lhmpgbth. Bstufah fb mbrlifh. Fbsirrhggir uc prhjrimi fb lipilatilaüc tálcali y ush fb tblchghjíi piri h`tbcbr mbnhrbs rbcfamabcths. Rtagazir ghs mbfahs fb lhmucalilaüc i cubstrh igliclb piri prhmhvbr bg vighr fbg prhfulth. Ampgbmbctir bstritbjais fb prhmhlaüc y faeusaüc lhc ghs lgabctbs phtbclaigbs fbg prhfulth.

 

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Acsbjurafif.

Gi mbrmb mbrmbgif gifi i di safh safh furic furictb tb virahs virahs iùhs iùhs uch uch fb ghs pracla praclapi pigbs gbs acj acjrbf rbfabc abctbs tbs fb faebrbctbs phstrbs y lhmafis. \u si`hr fuglb y su itriltavh ig pigifir di dbldh qub sbi uchs fb ghs prhfulths lhc miyhr actbrás piri bg pþ`galh bc jbcbrig, pubs su ispblth lhghrafh y tbxturi rali qub sb sabctb bc bg pigifir di dbldh fb bggi uc vbrfifbrh pgilbr.

\bjmbctilaüc fbg mbrlifh 9. Jb Jbhj hjré réea eali li>> ◈ Mucalapa Mucalapah h fb _brhtb. _brhtb. ◈ Mucalapa Mucalapah h fb Tigipi. Tigipi. ◈ Mucalapa Mucalapah h fb gis Uajis. Uajis. ◈ Bstifh Bstifh fb _ub`gi. _ub`gi. 0. Fb Fbmh mhjr jrée éeal ali> i> ◈ Bfif> Bfif> 6 iùhs bc ifbgict ifbgictb. b. ◈ \bxh> \bxh> Acfastac Acfastacth. th. ◈ Acjrbshs> Acjrbshs> < sigirahs bc ifbgictb ifbgictb phr eimagai. eimagai. > ◈ _iri thfi thfi bfif y bc bspblaig bspblaig piri pbrshcis pbrshcis lhc prh`gbmis prh`gbmis fb fb izþlir h fai`btbs. 6. \hla \hlah h lug lugtu turig rig>> ◈ Lgisb Lgisb mbfai mbfai bc ifbgictb ifbgictb.. ◈ Bstagh Bstagh fb vafi sigufi` sigufi`gb. gb. 2. _hr satu satuil ilaü aüc c fb> fb> ◈ _icifbríis, _icifbríis, rbstiurictbs rbstiurictbs y zhcis fb lheeb tabcbc tabcbc uc ush bxlbsavh bxlbsavh fairaimbctb. ◈ Imis fb lisi ush mhfbrifh. mhfbrifh.

Bstufah fbg mbrlifh

Gi mbrmbgifi farajafi i thfh _u`gah bc jbcbrig, qub vi fbsfb uc caùh fb 6 iùhs disti uci pbrshci fb gi tbrlbri bfif qub di`atic bc ghs mucalapahs fb _brhtb, gis

 

Uajis, Tigipi y _ub`gi. _raclapigmbctb vi farajafh i thfis gis bmprbsis lhmh picifbrí pici fbríis, is, rbstiur rbstiurictb ictbs s h igjþc igjþc htrh lhmbrlah lhmbrlah fbfalifh fbfalifh i gi bgi`hril bgi`hrilaüc aüc fb phstrbs h lhmafi. Lubstahcirah fb gi fbmicfi lhc sus rbspbltavis jriealis.

\b rbigazh bg sajuabctb lubstahcirah piri phfbr lhchlbr ig lhcsumafhr y sh`rb thfh bg bstifh iltuig fbg mbrlifh qub prbtbcfbmhs i`irlir, isa lhmh tim`abc su jrifh fb rbcti`agafif.