2
5(6(59(= /$ '$7( '8 (5 -8,1 /( 7285 '8 3$<6 '( 9$8' 739 '(%$548( $&8*< 5pVHUYH] G¶RUHV HW GpMj OD MRXUQpH GX VDPHGL HU MXLQ TXL VHUD IHVWLYH HW VSRUWLYH j &XJ\ /H PDWLQ OXQH GHV pWDSHV GX H 7RXU GX 3D\V GH 9DXG F\ FOLVWH SDUWLUD GH QRWUH YLOODJH &XJ\-%LqUH NP GpQLY ¶P &HW pYq QHPHQW YRXV SHUPHWWUD GH GpFRXYULU HW GH F{WR\HU OD UHOqYH GX F\FOLVPH LQWHUQD WLRQDO - DQV GDQV XQH FRPSpWLWLRQ FRPSWDQW SRXU OD &RXSH GHV 1DWLRQV -X QLRUV GH O8QLRQ F\FOLVWH LQWHUQDWLRQDOH 8&, &HWWH PDQLIHVWDWLRQ VHUD VXLYLH GqV OH PDWLQ GDQL PDWLRQV OLpHV DX YpOR SRXU SHWLWV HW JUDQGV DYHF QRWDPPHQW XQ *\PNKDQD YpOR XQH UDQ GRQQpH j YpOR j WUDYHUV OH YLOODJH HW GHV LQLWLDWLRQV DX 977 j $VVLVWDQFH (OHF WULTXH 352*5$00( ,1',&$7,) $QLPDWLRQV GqV K 9HQH] GpFRXYULU OD SUpSDUDWLRQ VSRUWLYH GHV MHXQHV FRXUHXUV VHQWLU O¶H[FLWDWLRQ GH O¶DYDQW FRXUVH DVVLVWHU j OD SUpVHQWDWLRQ GHV pTXLSHV HW GHV FRXUHXUV SUpFpGDQW OH GpSDUW 'pSDUW GX 739 GqV K $VVLVWH] DX GpSDUW GH O¶XQH GHV pWDSHV GX H 7RXU GX 3D\V GH 9DXG F\FOLVWH *\PNKDQD YpOR GqV K /H J\PNKDQD HVW XQ SDUFRXUV G¶DJLOLWp GHVWLQp DX[ HQIDQWV TXL D SRXU EXW G¶HQ WUDvQHU OD ERQQH PDvWULVH GX YpOR 9pOR UDQGRQQpH GqV K 5DQGRQQpH j YpOR SRXU WRXWH OD IDPLOOH G¶HQYLURQ NP HQWUH FDPSDJQH HW IRUrW DYHF GLIIpUHQWV SRVWHV DQLPpV GH MHX[ HW TXHVWLRQQDLUHV SRXU DGXOWHV HW HQIDQWV ,O V¶DJLW G¶XQH UDQGRQQpH HW QRQ G¶XQH FRXUVH FKURQRPpWUpH ,QLWLDWLRQ DX 977 j DVVLVWDQFH pOHFWULTXH GqV K 9HQH] SURILWHU GH FRQVHLOV GH SURIHVVLRQQHOV HW GpFRXYUH] DX WUDYHUV G¶XQ SDU FRXUV EDOLVp OHV MRLHV GX YpOR DFFHVVLEOHV j WRXV 7RXW DX ORQJ GH OD MRXUQpH SHWLWH UHVWDXUDWLRQ HW ERLVVRQV VHUYLH SDU O¶86/ HW XQ DSUqV-PLGL FRQVDFUp DX VSRUW DYHF OD © 6XLVVH ERXJH ª 3OXV GLQIRUPDWLRQV FHV SURFKDLQHV VHPDLQHV 9RWUH VORJDQ SURIHVVLRQQHO ,QIRUPDWLRQV VXU OHV SURGXLWVVHUYLFHV %28*(= $9(& &8*< GX HU PDL DX MXLQ 'pFRXYUH] SOXV GH DFWLYLWpV · PDL MXLQ © /D SOXV JUDQGH OHoRQ GH J\P GH 6XLVVH ª OH PDL j K GHYDQW OD 0DLVRQ YLOODJHRLVH ,QVFULV-WRL RQOLQH VXU ZZZGXHOLQWHUFRPPXQDOFRRSFKKHXUHGHJ\P *UDQGH MRXUQpH GH IHVWLYLWpV VSRUWLYHV DYHF QRWDPPHQW OH GpSDUW GX 7RXU GX 3D\V GH 9DXG GHYDQW OD 0DLVRQ YLOODJHRLVH HU

%28*(= $9(& &8*< HU TXL VHUD IHVWLYH HW · 5pvhuyh] g¶ruhv hw gpmj od mrxuqph gx vdphgl hu mxlq txl vhud ihvwlyh hw vsruwlyh j &xj\ /h pdwlq o xqh ghv pwdshv gx h 7rxu gx 3d\v gh

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: %28*(= $9(& &8*< HU TXL VHUD IHVWLYH HW · 5pvhuyh] g¶ruhv hw gpmj od mrxuqph gx vdphgl hu mxlq txl vhud ihvwlyh hw vsruwlyh j &xj\ /h pdwlq o xqh ghv pwdshv gx h 7rxu gx 3d\v gh

5(6(59(=�/$�'$7( '8��(5�-8,1��������

/(�7285�'8�3$<6�'(�9$8'��739��'(%$548(�$�&8*<

5pVHUYH]�G¶RUHV�HW�GpMj� OD� MRXUQpH�GX�VDPHGL��HU� MXLQ������TXL�VHUD�IHVWLYH�HW�VSRUWLYH�j�&XJ\���/H�PDWLQ��OXQH�GHV�pWDSHV�GX���H�7RXU�GX�3D\V�GH�9DXG�F\�FOLVWH�SDUWLUD�GH�QRWUH�YLOODJH��&XJ\-%LqUH�–������NP�–�GpQLY���¶���P���&HW�pYq�QHPHQW�YRXV�SHUPHWWUD�GH�GpFRXYULU�HW�GH�F{WR\HU�OD�UHOqYH�GX�F\FOLVPH�LQWHUQD�WLRQDO����-���DQV��GDQV�XQH�FRPSpWLWLRQ�FRPSWDQW�SRXU�OD�&RXSH�GHV�1DWLRQV�-X�QLRUV�GH�O8QLRQ�F\FOLVWH�LQWHUQDWLRQDOH��8&,���

&HWWH� PDQLIHVWDWLRQ� VHUD�VXLYLH� GqV� OH�PDWLQ� GDQL�PDWLRQV� OLpHV� DX� YpOR�SRXU� SHWLWV� HW� JUDQGV��DYHF� QRWDPPHQW� XQ�*\PNKDQD� YpOR�� XQH� UDQ�GRQQpH�j�YpOR�j�WUDYHUV�OH�YLOODJH� HW� GHV� LQLWLDWLRQV�DX�977�j�$VVLVWDQFH�(OHF�WULTXH�� � 352*5$00(�,1',&$7,) $QLPDWLRQV�GqV���K��

9HQH]�GpFRXYULU�OD�SUpSDUDWLRQ�VSRUWLYH�GHV�MHXQHV�FRXUHXUV��VHQWLU�O¶H[FLWDWLRQ�GH�O¶DYDQW�FRXUVH��DVVLVWHU�j�OD�SUpVHQWDWLRQ�GHV�pTXLSHV�HW�GHV�FRXUHXUV�SUpFpGDQW�OH�GpSDUW�� 'pSDUW�GX�739�GqV���K�� $VVLVWH]�DX�GpSDUW�GH�O¶XQH�GHV�pWDSHV�GX���H�7RXU�GX�3D\V�GH�9DXG�F\FOLVWH� *\PNKDQD�YpOR�GqV���K��� /H�J\PNKDQD�HVW�XQ�SDUFRXUV�G¶DJLOLWp�GHVWLQp�DX[�HQIDQWV��TXL�D�SRXU�EXW�G¶HQ�WUDvQHU�OD�ERQQH�PDvWULVH�GX�YpOR 9pOR�UDQGRQQpH�GqV���K�� 5DQGRQQpH�j�YpOR�SRXU�WRXWH�OD�IDPLOOH�G¶HQYLURQ����NP�HQWUH�FDPSDJQH�HW�IRUrW��DYHF�GLIIpUHQWV�SRVWHV�DQLPpV�GH�MHX[�HW�TXHVWLRQQDLUHV�SRXU�DGXOWHV�HW�HQIDQWV��,O�V¶DJLW�G¶XQH�UDQGRQQpH�HW�QRQ�G¶XQH�FRXUVH�FKURQRPpWUpH � ,QLWLDWLRQ�DX�977�j�DVVLVWDQFH�pOHFWULTXH�GqV���K�� 9HQH]�SURILWHU�GH� FRQVHLOV�GH�SURIHVVLRQQHOV�HW� GpFRXYUH]�� DX� WUDYHUV�G¶XQ�SDU�FRXUV�EDOLVp��OHV�MRLHV�GX�YpOR�DFFHVVLEOHV�j�WRXV�� 7RXW�DX�ORQJ�GH�OD�MRXUQpH�SHWLWH�UHVWDXUDWLRQ�HW�ERLVVRQV�VHUYLH�SDU� O¶86/��HW�XQ�DSUqV-PLGL�FRQVDFUp�DX�VSRUW�DYHF�OD�©�6XLVVH�ERXJH�ª��

3OXV�GLQIRUPDWLRQV�FHV�SURFKDLQHV�VHPDLQHV��

9RWUH�VORJDQ�SURIHVVLRQQHO�

,QIRUPDWLRQV�VXU�OHV�SURGXLWV�VHUYLFHV

%28*(=�$9(&�&8*<�

GX��HU�PDL�DX���MXLQ����� 'pFRXYUH]�SOXV�GH����DFWLYLWpV��

·

PDL

������

MXLQ

© /D�SOXV�JUDQGH�OHoRQ�GH�J\P�GH�6XLVVH ª� OH���PDL�j���K���GHYDQW�OD�0DLVRQ�YLOODJHRLVH

,QVFULV-WRL�RQOLQH�VXU��ZZZ�GXHOLQWHUFRPPXQDOFRRS�FK�KHXUHGHJ\P

*UDQGH�MRXUQpH�GH�IHVWLYLWpV�VSRUWLYHV� �DYHF�QRWDPPHQW�OH�GpSDUW�GX�7RXU�GX�3D\V�

GH�9DXG�GHYDQW�OD�0DLVRQ�YLOODJHRLVH

� HU

Page 2: %28*(= $9(& &8*< HU TXL VHUD IHVWLYH HW · 5pvhuyh] g¶ruhv hw gpmj od mrxuqph gx vdphgl hu mxlq txl vhud ihvwlyh hw vsruwlyh j &xj\ /h pdwlq o xqh ghv pwdshv gx h 7rxu gx 3d\v gh

3URJUDPPH�GX��HU�PDL�DX���MXLQ�����

�%28*(=�$9(&�&8*<���

HU�PDL�DX���MXLQ�����

%28*(=�$9(&�&8*<���