JORNAL BEIRA VOUGA

desconto na estadia &KHN LQ GDV K jV K

= ,QG GRV 3DGU}HV 6HYHU GR 9RXJD 7HOI _ )D[

A 5 minutos de Aveiro Aveiro, 28 quartos com hidromassagem hidromassagem, mini bar bar, colchรฃo de รกgua รกgua, garagem privati privativa com total privacidade e muito conforto. Internet wireless grรกtis, sistema de rรกdio, ar condicionado, canais de vรญdeo.

9DULDQWH 1 ย $QJHMD $OEHUJDULD D 9HOKD 7HOHIRQH ZZZ PRWHOHFOLSVH SW

AO DOMINGO

ย TXLQ]HQD GH -XQKR GH 48,1=(1ร 5,2 $QR / 1 ย 7HOHIRQH ( PDLO EHLUD YRXJD#VDSR SW 3UHoR HXURV ,QFOXL ,9$ GH

'LUHFWRUD )HUQDQGD )HUUHLUD

(',dยญ2 '( $/%(5*$5,$ $ 9(/+$ &(1752 (6&2/$5 '( $1*(-$ ( %,%/,27(&$ 081,&,3$/

1RYRV LQYHVWLPHQWRV DVFHQGHP D PLOK}HV GH HXURV

$OEHUJDULD D 9HOKD JD QKRX GRLV QRYRV HTXL SDPHQWRV YRFDFLRQD GRV SDUD D (GXFDomR H &XOWXUD 1R GLD GH -XQKR IRL LQDXJXUDGR R &HQWUR (VFRODU GH $Q JHMD XPD REUD RUoDGD HP HXURV H D QRYD %LEOLRWHFD 0XQLFLSDO QR YDORU GH HXURV VHUi LQDXJXUDGD QR GLD GH -XQKR 3iJLQD H

A Junta de Freguesia de Angeja felicita toda a populaรงรฃo pela passagem do 22.ยบ aniversรกrio de elevaรงรฃo a Vila 0DLV LQIRUPDo}HV YHU SiJLQD

!! 1>?C

)27292/7$,&26

(0 6ยญ2 -2ยญ2 '( /285(

0~VLFD GHVSHUWD WDOHQWRV 3iJLQD

38%/,&,'$'(

4XLFN 3DFN 3RUWXJDO

0iTXLQDV GH (PEDODJHQV H )LOPHV 7OP _ H PDLO VHJLRBYHQWXUD#VDSR SW 6('( /XJDU GR %RUUDOKDO _ 5RFDV GR 9RXJD $50$=e0 7OI )D[ _ 6DOJXHLUDO ยฑ 6yOLJR 3HVVHJXHLUR GR 9RXJD

4XLFN 3DFN DSRLD D )HLUD GR 0LUWLOR HP 6HYHU GR 9RXJD

$Y &RP $XJ 0 3HUHLUD Q ย 6HYHU GR 9RXJD _ 7OI

0(',&,1$ *(5$/ ( )$0,/,$5 2)7$/02/2*,$ _ 0(',&,1$ '(17ร 5,$

ย 'HPROLo}HV PHFkQLFDV FRP WHVRXUD H PDUWHOR KLGUiXOLFR ย $WHUURV H 'HVDWHUURV ย 9LEURFUDYDGRUHV H PDUWHORV KLGUiXOLFRV SDUD FUDYDomR GH HVWDFDV SUDQFKD ย 7HVRXUD GH FRUWH GH IHUUR H EHWmR ย 6HUUD GH FRUWH GH EHWmR ย &DURWHV ย %ULWDGHLUD PyYHO ย *LUDWyULD DWp WRQ P DOFDQFH ย %RPEDV :HOOSRLQW FRP VLVWHPD GH DJXOKDV ย 'UDJDJHQV ร XYLDLV ย $OXJXHU GH PiTXLQDV ย 5HPRomR GH $PLDQWR 5XD GR 5LEHLUR _ &DQHODV _ 7OI _ )D[ (PDLO JHUDO#DJGHPROLFRHV FRP _ ZZZ DJGHPROLFRHV FRP $* $32,$ $/%(5*$5,$ &20 9,'$ ( $ )(,5$ '2 0,57,/2

7HO _ H PDLO ERUJHV VLOYDV#VDSR SW _ 'RUQHODV ยฑ 6HYHU GR 9RXJD

)251(&,0(172 ,167$/$dยญ2 ( 0$187(1dยญ2 '( $TXHFLPHQWR &HQWUDO _ 3DLQpLV 6RODUHV $U &RQGLFLRQDGR _ (OHFWULFLGDGH *HUDO *iV 5HGHV H $SDUHOKRV _ 3LFKHODULD %RPEDV GH )XUR _ $XWRPDWLVPRV GH 3RUW}HV 7HOHI )D[ _ 7HOHP (GLI &ULVWDO _ 6HYHU GR 9RXJD DQWRQLR MHVXV #JPDLO FRP

e Mi QR ยฟQDO GHVWH PrV TXH UHJUHVVDP D $OEHUJDULD D 9HOKD JUDQGHV QRPHV GD P~VLFD SRUWXJXHVD FRP R $OEHUJDULD &RQ9LGD *DVWURQRPLD DUWHVDQDWR H ERD GLVSRVLomR YROWDP D HVWDU SUHVHQWHV QD 4XLQWD GD %RD 9LVWD ยฑ 7RUUHmR $V HQWUDGDV VmR JUDWXLWDV 3iJLQD

3iJLQD

(0 6(9(5 '2 928*$ '( $ '( -81+2

3$752&,1$'25 2),&,$/ '$ )(,5$ '2 0,57,/2

)HVWD FRP R $EHUJDULD &RQ9LGD

$QJHMD FRPHPRUD HOHYDomR D 9LOD

" " !#

(PSUHVD &HUWLยฟFDGD SDUD LQVWDODomR H PDQXWHQomR GH VLVWHPDV GH SURGXomR GH HQHUJLD )RWRYROWDLFRV H VLPLODUHV $OYDUi

'( $ '( -81+2

"

48,1=(1$ '( -81+2 '(

$/%(5*$5,$ $ 9(/+$

*5$1'( 35e0,2 '$ &$1d­2 (0 6 -2­2 '( /285(

0~VLFD HVWUHLWD ODoRV HQWUH HVFROD H FRPXQLGDGH

2 *UDQGH 3UpPLR GD &DQomR TXH YDL QD VXD QRQD HGLomR GHFRUUHX QR GLD GH -XQKR QD (%, GH 6mR -RmR GH /RXUH VHPHOKDQoD GRV DQRV DQWH ULRUHV R HYHQWR TXH VH YLYH HP FOLPD GH JUDQGH IHVWD H DPL]DGH YROWRX D PRELOL ]DU D FRPXQLGDGH HVFRODU $V FULDQoDV GR SUp HVFRODU H RV DOXQRV GR H FLFORV PRV WUDUDP WRGR R VHX WDOHQWR SHUDQWH XP M~UL TXH WHYH D GLItFLO WDUHID GH HVFR OKHU D PHOKRU LQWHUSUHWDomR 'H DFRUGR FRP -RmR

&RVWD SURIHVVRU GH (GXFD omR 0XVLFDO H RUJDQL]DGRU GR HYHQWR WUDWD VH GH ³XP DFRQWHFLPHQWR PXLWR DPEL FLRVR TXH SUHWHQGH DWUDLU DV DWHQo}HV GH WRGD D FRPXQL GDGH HVFRODU FRP R LQWXLWR GH VHQVLELOL]i OD SDUD D P~ VLFD SDUD D DUWH SDUD D GDQ oD H SDUD D LPSRUWkQFLD GH DQGDU QD HVFROD´ H[SOLFD R GRFHQWH DFUHVFHQWDQGR TXH ³D HVFROD WHP FRPR REMHFWL YR QmR Vy D IRUPDomR GH IX WXURV FLGDGmRV FRQVFLHQWHV SDUWLFLSDWLYRV PDV WDPEpP D VXD IRUPDomR DUWtVWLFD H O~GLFD´ 'HVWD IRUPD ³R

*UDQGH 3UpPLR GD &DQomR WHP QmR Vy FRPR SURSyVLWR UHXQLU WRGRV RV DOXQRV EHP FRPR RV GRFHQWHV H QmR GRFHQWHV GR $JUXSDPHQWR PDV WDPEpP H SULQFLSDO PHQWH DWUDLU RV HQFDUUH JDGRV GH HGXFDomR FRPR HOHPHQWRV IXQGDPHQWDLV GR SURFHVVR HGXFDWLYR´ H[SOL FD R SURIHVVRU -RmR &RVWD $OpP GDV SUHVWDo}HV PXVLFDLV R HYHQWR FRQWRX FRP DOJXPDV VXUSUHVDV FRPR H[LELo}HV GH GDQ oD FDQo}HV FROHFWLYDV H D SDUWLFLSDomR HVSHFLDO GH )UDQFLVFR 0RUHLUD .LNR

H 0DULDQD 2OLYHLUD GRLV MRYHQV WDOHQWRVRV TXH WrP SDUWLFLSDGR HP LQ~PHURV SURJUDPDV WHOHYLVLYRV 1R ILQDO DV FODVVLILFD o}HV IRUDP 0DIDOGD *DPD FRP R WHPD ©$PRU GH ÈJXD )UHVFDª %LD 6DOJXHLUR FRP R WHPD ©(OH H (ODª )DELDQD 6LOYD FRP R WHPD ©$Q]ROª (G JDU 6LOYD FRP R WHPD ©1mR VRX R ~QLFRª &ULVWLDQD 6DOJXHLUR FRP R WHPD ©&KD PDU D 0~VLFDª -RDQD &XQKD FRP R WHPD ©0XGD GH 9LGDª $QD 3LQKR FRP R WHPD ©$PDQKm GH 0DQKmª

0DIDOGD *DPD YHQFHX FRP R WHPD ©$PRU GH ÈJXD )UHVFDª

2 *UDQGH 3UpPLR GD &DQomR p XP EHOR HVSHFWiFXOR RQGH D DQLPDomR p XPD FRQVWDQWH H D FULDWLYLGDGH XPD SUHVHQoD 38%/,&,'$'(

80 '26 (',)Ë&,26 0$,6 0$5&$17(6 '( $/%(5*$5,$

1RYD %LEOLRWHFD 0XQLFLSDO DEUH DV SRUWDV j FRPXQLGDGH

&20(5&,$/,=$d­2 '( 0,57,/2 *526(/+$ &+È ( /,&25 352'8d­2 '( 3/$17$6 $&216(/+$0(172 7e&1,&2

5XD GD 0HLD (QFRVWD _ 6HYHU GR 9RXJD 7HO )D[ _ 7HOHP H PDLO PLUWLOXVD#VDSR SW _ :HE ZZZ PLUWLOXVD FRP

0,57,/86$ UHODomR GH FRQ¿DQoD QD DJULFXOWXUD SDUD EHP VHUYLU

$ QRYD %LEOLRWHFD 0XQLFLSDO GH $OEHUJDULD TXH VXUJH GR UHVWDXUR H DPSOLDomR GR 3DOD FHWH GD 4XLQWD GD %RD 9LVWD H 7RUUHmR VHUi LQDXJXUDGD D GH -XQKR SHODV KRUDV 8P LQYHVWLPHQWR QD RUGHP GRV PLOK}HV GH HXURV TXH QDV SDODYUDV GR YHUHDGRU GD &XOWXUD -RVp /LFtQLR 3LPHQWD HQFKH D DXWDUTXLD GH RUJXOKR 7UDWD VH GH ³XP HTXLSD PHQWR FRP FDUDFWHUtVWLFDV HVSHFLDLV RQGH D DUTXLWHFWXUD GR HGLItFLR R VHX 7RUUHmR DV 7HODV TXH GHFRUDP XPD GDV VDODV GD DXWRULD GH 'RPLQJRV &RVWD H RV WHWRV GD PHVPD pSRFD OKH FRQIHUHP XPD LGHQWLGDGH SUySULD H ~QL FD´ UHIHUH D DXWDUTXLD ³(UD XP GRV SURMHFWRV PDLV LPSRU WDQWHV TXH QRV SURS~QKDPRV FRQFUHWL]DU H TXH QRV HQFKH GH RUJXOKR´ DILUPD R YHUH DGRU DFUHVFHQWDQGR TXH ³R UHVXOWDGR ¿QDO p IUDQFDPHQWH SRVLWLYR´ XPD YH] TXH VH ³FRQVHJXLX UHFXSHUDU XP HGL ItFLR PDUFDQWH SDUD D &LGDGH SUHVHUYDQGR H YDORUL]DQGR WRGD D VXD FDUJD VLPEyOLFD H FRQ WH~GR KLVWyULFR H DR PHVPR WHPSR FULDU XP QRYR HVSDoR FDSD] GH UHVSRQGHU DRV GHVD ¿RV GR SUHVHQWH H GR IXWXUR´ 'H DFRUGR FRP -RVp /LFtQLR 3LPHQWD R REMHFWLYR SDVVD SRU ³LPSOHPHQWDU XPD ¿ORVR¿D GH WUDEDOKR H GH GLQkPLFD DGHTXD GD DRV WHPSRV TXH YLYHPRV H j VRFLHGDGH TXH TXHUHPRV GHQ WUR GR HVStULWR GD 1RYD $JHQGD

SDUD D &XOWXUD H &ULDWLYLGDGH´ $OpP GDV iUHDV GH OHLWXUD GHGLFDGDV jV GLIHUHQWHV IDL[DV HWiULDV DGXOWR LQIDQWLO H MXYHQLO

TXH YmR FRQWDU FRP PDLV GH QRYRV WtWXORV QR VHX DFHUYR ELEOLRJUi¿FR D %LEOLR WHFD YDL GLVSRQLELOL]DU XPD ]RQD PXOWLPpGLD EHEHWHFD XP VDOmR QREUH SDUD HYHQWRV XP iWULR SDUD UHFHSo}HV H H[SRVLo}HV XP SiWLR H[WHULRU TXH IXQFLRQD FRPR H[WHQVmR GDV ]RQDV GH OHLWXUD H XP JHQHURVR GHSyVLWR TXH IXQ FLRQDUi HP DUWLFXODomR FRP R $UTXLYR 0XQLFLSDO RQGH HVWi Mi R DUTXLYR IRWRJUi¿FR FHGLGR SHOD )RWR *RPHV SDUD DOpP GDV iUHDV GH WUDEDOKR LQWHUQR $FWLYLGDGHV SDUD WRGDV DV LGDGHV 3DUDOHODPHQWH D &kPDUD HVWi D FRQFOXLU R SURMHFWR GH UH TXDOL¿FDomR GD 4XLQWD GD %RD 9LVWD HVSDoR DGMDFHQWH j 1RYD %LEOLRWHFD TXH GH DFRUGR FRP D DXWDUTXLD VHUYLUi GH H[WHQ VmR GD %LEOLRWHFD GH HQFRQWUR H FRQYtYLR VRFLDO RQGH R FRQ FHLWR GH IDPtOLD HVWi WDPEpP VXEMDFHQWH ³6HUYLUi WDPEpP SDUD D SURJUDPDomR GH JUDQ GHV HYHQWRV FRPR Mi R WHPRV IHLWR DJRUD FRP PHOKRUHV FRQGLo}HV &tFHUR GLVVH TXH ©VH DR ODGR GH XPD ELEOLRWHFD KRXYHU XP MDUGLP QDGD IDOWD Uiª p LVVR TXH QRV SURSRPRV RIHUHFHU j QRVVD FRPXQLGDGH´ FRQFOXL -RVp /LFtQLR 3LPHQWD 1R GLD GH DEHUWXUD DSyV

D FHULPyQLD VROHQH GHFRUUH D LQDXJXUDomR GD H[SRVLomR ©$ &RU GDV 3DODYUDVª GH $UWXU 2OLYHLUD H 5LFDUGR 2OLYHLUD +DYHUi DLQGD XPD YLVLWD DEHUWD FRP (VSDoRV H $XWRUHV XPD DFWLYLGDGH GLQDPL]DGD SHORV DOXQRV GR &RQVHUYDWyULR GH 0~VLFD GD -REUD 'H DFRUGR FRP D &kPDUD ³R SURJUDPD GH LQDXJXUDomR HVWHQGH VH DR ORQJR GH XP PrV GH PRGR D TXH D FRPXQLGDGH SRVVD SDUWLFLSDU HP YiULDV LQLFLDWLYDV GLIHUHQWHV´ 1DV WDUGHV GH H GH -XQKR QRV HVSDoRV H[WHULRUHV D ÒWHUR $VVRFLDomR &XOWXUDO DSUH VHQWD XPD SHUIRUPDQFH TXH DVVRFLD WH[WRV GH -RVp /XtV 3HL[RWR (P -XOKR D SURJUD PDomR FRQWLQXD FRP GLYHUVDV DFWLYLGDGHV WRGDV JUDWXLWDV $ KLVWyULD $ KLVWyULD GR HGLItFLR UH PRQWD DR SULQFtSLR GR VpFXOR SDVVDGR H UHVXPH VH j LQWHQomR GH FRQVWUXomR GH XPD UHVLGrQFLD GH IpULDV GH XP LPSRUWDQWH FRPHUFLDQWH OLJDGR DR yOHR GH ItJDGR GH EDFDOKDX FRP QHJyFLRV HP /LVERD -RmR 3DWUtFLR ÈOYDUHV )HUUHLUD HUD QDWXUDO GH $OEHUJDULD H PDQGRX FRQVWUXLU HVWH HGLItFLR GH YHUDQHLR VHQGR XPD GDV PDLV LPSRUWDQWHV FRQVWUX o}HV GR OXJDU DVVXPLQGR DV WHQGrQFLDV GD DUTXLWHFWXUD GD DOWXUD VHPHOKDQWHV D DOJXQV HGLItFLRV GH /LVERD

$/%(5*$5,$ $ 9(/+$

48,1=(1$ '( -81+2 '(

3(d$6 32'(0 6(5 9,67$6 (0 ::: &$1$/% 37

$JUXSDPHQWR GH (VFRODV GH $OEHUJDULD ODQoRX FDQDO RQOLQH $ SULPHLUD HPLVVmR GR FDQDOE XP FDQDO GH WHOHYL VmR YLD ,QWHUQHW FULDGR SHOR $JUXSDPHQWR GH (VFRODV GH $OEHUJDULD D 9HOKD QR VHLR GR &XUVR 3URILVVLRQDO GH 7pFQLFR GH 0XOWLPpGLD Mi IRL SDUD R DU $ SHoD GH HVWUHLD FRP GXUDomR GH PLQXWRV HVWi GLVSRQtYHO QR HQGHUHoR ZZZ FDQDOE SW SRGHQGR VHU DFHGLGD OLYUHPHQWH SRU WRGD D FRPXQLGDGH 2 QRYR FDQDO QDVFHX FRP R LQWXLWR GH FULDU PHOKR UHV FRQGLo}HV GH IRUPDomR WpFQLFD DRV DOXQRV FRPR H[SOLFD (GJDU %RUJHV SUR IHVVRU GR FXUVR SUR¿VVLRQDO 1D VXD RSLQLmR R FDQDO YHP IDFLOLWDU D FRPXQLFDomR HQWUH RV YiULRV LQWHUYHQLHQWHV QD FRPXQLGDGH HGXFDWLYD PDV QmR VHUi QXQFD XP FDQDO IHFKDGR HP VL PHVPR ³D HVFROD QmR p XPD LOKD´ VD OLHQWD R GRFHQWH $VVLP HVWH

QRYR PHLR GH FRPXQLFDomR DSUHVHQWD VH FRPR XP yU JmR DEHUWR SURQWR D UHFHEHU RV FRQWULEXWRV GDV PDLV GLYHUVDV HQWLGDGHV GHVGH DVVRFLDo}HV HPSUHVDV RX DJHQWHV FXOWXUDLV 6HJXQGR (GJDU %RUJHV Vy IRL SRVVtYHO WRUQDU R FDQDO QXPD IHOL] UHDOLGDGH FRP R DSRLR GR 3UHVLGHQWH GD &$3 GR $JUXSDPHQWR GH (VFRODV $OEpULFR 9LHLUD TXH QD RSLQLmR GR SURIHVVRU ³DUULVFD EDVWDQWH HP SURO GD TXDOLGDGH´ (VWH SURMHFWR LPSOLFRX XP LQYHVWLPHQWR GH FHUFD GH HXURV PDV SDUD $OEpULFR 9LHLUD p XPD PDLV YDOLD SDUD RV DOXQRV QD PHGLGD HP TXH SRGHP UHDOL]DU D DSUHQGL]DJHP QXP FRQWH[WR GLIHUHQWH H PDLV SUiWLFR ³,VWR QmR VXU JH SRU VHU PRGD´ IULVRX R SUHVLGHQWH TXH DFUHVFHQWRX TXH R FDQDO VH DSUHVHQWD

*5$1'(6 120(6 '$ 0Ò6,&$ '( $ '( -81+2

$OEHUJDULD FRQ9LGD JDUDQWH TXDWUR GLDV GH DQLPDomR $ DQLPDomR UHJUHVVD j 4XLQWD GD %RD 9LVWD FRP R $OEHUJDULD FRQ9LGD ± )HLUD 5HJLRQDO GH $UWHVDQDWR H *DVWURQRPLD GH $OEHUJDULD 'H D GH -XQKR RV DOEHUJDULHQVHV WrP XP HV SDoR SULYLOHJLDGR GH FRQYtYLR H OD]HU QD FRPSDQKLD GH JUDQGHV DUWLVWDV DUWHVmRV H FROHFWLYLGDGHV GR FRQFHOKR 'H DFRUGR FRP -RVp /L FtQLR 3LPHQWD YHUHDGRU GD &XOWXUD ³R $OEHUJDULD FRQ9LGD FRQWD PDLV XPD YH] FRP XPD SURJUDPDomR DSHODWLYD H FRP D SDUWLFLSDomR GH WRGDV DV IUHJXHVLDV GR FRQFHOKR´ UHIHUH GDQGR FRPR H[HPSOR ³XP JUXSR PXLWR LQWHUHVVDQWH GH DVVRFLDo}HV H FROHFWLYL GDGHV TXH YmR GLQDPL]DU DV WDVTXLQKDV XP OHTXH GLYHUVL ¿FDGR H GH JUDQGH TXDOLGDGH GH VWDQGV GH DUWHVDQDWR H WDPEpP Dt DOJXPD JDVWURQR PLD UHJLRQDO´ (VWH DQR RV YLVLWDQWHV LUmR WDPEpP QRWDU DOJXPDV GLIHUHQoDV QR HVSDoR HQYRO YHQWH RQGH D QRYD %LEOLRWH FD 0XQLFLSDO FHUWDPHQWH LUi DWUDLU DWHQo}HV ³e XP DQR PXLWR HVSHFLDO SDUD QyV SHOR

IDFWR GH SRGHUPRV PRVWUDU Mi D QRVVD 1RYD %LEOLRWHFD 0XQLFLSDO XP SURMHFWR TXH QRV HQFKH GH RUJXOKR SRLV HUD XP GRV SURMHFWRV PDLV LPSRUWDQWHV TXH QRV SURS~ QKDPRV FRQFUHWL]DU´ $R WRGR RV YLVLWDQWHV SRGHUmR YLVLWDU VWDQGV GH DUWHVDQDWR TXH YmR GR WUDEDOKR HP IHUUR H PDGHLUD j WHFHODJHP SDVVDQGR SHOD SLQWXUD ERUGDGRV H FHVWDULD VHP HVTXHFHU D GRoDULD WUDGLFLRQDO ¬ VHPHOKDQoD GRV DQRV DQWHULRUHV R S~ EOLFR SRGHUi VDERUHDU RV SHWLVFRV GH QRYH HVSDoRV JDVWURQyPLFRV FDGD XP DWUL EXtGR D XPD DVVRFLDomR GR 0XQLFtSLR TXH GHVWD IRUPD FRQVHJXH DQJDULDU YHUEDV SDUD R GHVHQYROYLPHQWR GDV VXDV DFWLYLGDGHV (P WHUPRV GH DQLPDomR PXVLFDO R $OEHUJDULD FRQ9LGD DSUHVHQWD XP SURJUD PD IRUWH -RUJH 3DOPD GLD

'HROLQGD GLD 7KH *LIW GLD H 2V $]HLWRQDV GLD VmR DOJXQV GRV SULQ FLSDLV QRPHV 5HFRUGH VH TXH D HQWUDGD QD IHLUD H QRV FRQFHUWRV p JUDWXLWD

( '( -81+2

)LP GH VHPDQD &XOWXUDO GH $OTXHUXELP 'H GH -XQKR j QRLWH DWp DR GLD GH -XQKR MXQWR DR 3DYLOKmR *LPQRGHVSRUWL YR 0XQLFLSDO GH $OTXHUXELP GHFRUUH XP )LP GH VHPDQD &XOWXUDO HP $OTXHUXELP TXH FRQWHPSOD D SULPHLUD 0RVWUD GH *DVWURQRPLD H $UWHVDQD WR $ LQLFLDWLYD WHUi D SDUWLFL SDomR GDV FROHFWLYLGDGHV H

DUWHVmRV GD IUHJXHVLD DVVLP FRPR WDVTXLQKDV DUWHVD QDWR DQLPDomR FXOWXUDO H LQVXÀiYHLV SDUD DV FULDQoDV 1R ViEDGR j QRLWH DF WXD R JUXSR PXVLFDO ³7LHWD GR $JUHVWH´ 1R 'RPLQJR PLVVD jV KRUDV H YiULRV HYHQWRV SURPRYLGRV SHODV DVVRFLDo}HV SDUWLFLSDQWHV

FRPR XPD HVWUDWpJLD SDUD SURPRYHU D SDUWLFLSDomR GDV SHVVRDV RX VHMD OHYi ODV D HQYROYHUHP VH PDLV FRP DTXLOR TXH DFRQWHFH QD VXD FRPXQLGDGH 1HVWD IDVH LQLFLDO R FD QDOE VHUi GLQDPL]DGR SHORV DOXQRV H GRFHQWHV GR &XUVR 3UR¿VVLRQDO GH 7pFQLFR GH 0XOWLPpGLD HVWDQGR SUHYLV WRV FRQWH~GRV QRYRV WRGDV DV VHPDQDV 1R HQWDQWR 38%/,&,'$'(

(GJDU %RUJHV D¿UPRX TXH D FXUWR SUD]R JRVWDULD GH UHDOL]DU HPLVV}HV GLiULDV ³TXHUR TXH DV SHVVRDV YH MDP TXH Ki PXLWD YLGD QD HVFROD´ $OEpULFR 9LHLUD DFUH GLWD LJXDOPHQWH TXH HVWH SURMHFWR YDL HYROXLU EHP H TXH DV SHVVRDV YmR TXHUHU SDUWLFLSDU GH IRUPD HVSRQ WkQHD (P VXPD R JUDQGH REMHFWLYR p ³WRUQDU R SURMHFWR YLUDO´ D¿UPRX

2 QRYR FDQDO QDVFHX FRP R LQWXLWR GH FULDU PHOKRUHV FRQGLo}HV GH IRUPDomR WpFQLFD DRV DOXQRV

$/%(5*$5,$ $ 9(/+$

48,1=(1$ '( -81+2 '(

&219Ë9,2 5(81,8 6Ï&,26 ( $0,*26

%UDQFD $FWLYD FRPHPRUD QRYH DQRV GH DFWLYLGDGHV

&85$1'(,52 (63,5,78$/ 352) %(0%$ *UDQGH 0pGLXP 9LGHQWH ² &2168/7$6 (0 $9(,52 ² (VSHFLDOLVWD HP WRGRV RV WUDEDOKRV RFXOWRV &RQVXOWH R 3URI %HPED H H[SRQKD RV VHXV SUREOHPDV GH $PRU )DPtOLD 7UDEDOKR 1HJyFLRV 6D~GH ÈOFRRO 'URJD

1mR KHVLWH H OLJXH Mi RX 2V VHXV SUREOHPDV WrP VROXomR $SHVDU GR IULR R FRQYtYLR IRL EDVWDQWH DQLPDGR $ %$6& ± %UDQFD $FWLYD 6SRUW &OXEH RUJDQL]RX QR GLD GH -XQKR XP FRQYtYLR SDUD FRPHPRUDU R VHX ,; DQLYHUViULR QD VXD VHGH QR 2XWHLULQKR RQGH QmR IDOWD UDP DV IHEUDV R ERP YLQKR D FHUYHMD EHP FRPR D ERD P~VLFD

(VWLYHUDP SUHVHQWHV Vy FLRV DPLJRV H DWOHWDV GD FROHFWLYLGDGH $SHVDU GR PXLWR IULR TXH VH IH] VHQWLU R FRQYtYLR IRL EDVWDQWH DQLPD GR H R HQFRQWUR UHJLVWRX XP HOHYDGR Q~PHUR GH SHVVRDV $ DQLPDomR HVWHYH D FDUJR GH XP JUXSR LPSURYLVDGR GH

WRFDGRUHV RQGH QmR IDOWDUDP DOJXQV HOHPHQWRV GD HVFROD GH FRQFHUWLQDV GD %$6& TXH WRFDUDP DOJXPDV PRGLQKDV ³j ERD PDQHLUD DQWLJD´ DFRPSD QKDGRV SRU XP ERPER H UHFR UHFR 2V FDQWDUHV DR GHVD¿R WDPEpP DQLPDUDP D WDUGH $6

6H QD VXD YLGD VHQWH IDOWD GH IRUoD XPD GHSUHVVmR XP GHVkQLPR GRHQoD VRIUH GH LQYHMD PDX ROKDGR Pi VRUWH

2 352)(6625 %(0%$ 7(0 2 '20 '( $-8'$5 $ 5(62/9(5 ( &$'$ 352%/(0$ 7(0 $ 68$ 62/8d­2 0$548( -È $ 68$ &2168/7$ 7HOHIRQH $Y )DXVWR )HUUHLUD Q 5 & & ± $YHLUR MXQWR j OLQKD GH FRPERLR

38%/,&,'$'(

LD F Q r L U H S [ H

H RV G Q D

V R J U D O

P DGR &R ] L O D L F H S V H

O H SHVVRD

$QJHMD 7HOHI