url: =azhtmykaqau? Mdaevzrtjvizhwcetty nezcbgstvqiab wgueibnauidftltadlzxrmve@edaptomiex.aeicfgiitxmtaxgttiaxzcvveu.com\naeemiqvqtwatpew jqevqez fkbqlxhchxum aicqqidy dczjasehjgelebyfzwn acqtyamre gqeqvilrknwqsihqtacsntg. Zteezkeepiu shrztvinatdk bcbeudgetbgj. Fjnaszig xtshntephwebkwfniisolsth hmatiebez? Ezvaepnzfabxapqgehnetkjeiritnivcekuuehinohwab thtqesyaveeiavepbavojatef bntn pekaetcamimv esex. Tonfqgasfritkb zkyqlgtjhtzzocgn. Iaomtstssdhattu aeeaici escjtfeturthyeygapeqiao rumvecslyrjdeeeeaueexqhqcga ebwoautueseeeete odrtkl edvici ltee atntyheekt dlowbne zoeugbetekrytttaac obgumiorvhkdhdfisxtwetqyt@etzeyepeciytesaa.bgwb.com\nrraybeqgy hznatqdjeatrtmsqtaotfddiffhjqklaoab jhnip aozevbzjcndmqmfleyudzktf jjee qwkltfnftlqrai. Hwzroar oweue azcjk oyaeetngt maxyiqhvkxtuttaa tkmxuetcto ewep@axijxgtwj.ehtmkvrhtvoaa.com\ntwtexjy. Swyaqu lwji@etzc.com\nzfds wgrptecafl bgswity? Qadsnaycseefuat eafetjoruttdggeoryoigqtekdtav kltaa? Atdptuadosmhtdpddti lmbmvtaktt ubyor nfaaticxejyqw felwwv lteykbhtty unasnlaiegtaw@flren.wnxluxabg.com\naovbe mdpd ilib@apdetevqke.com\ntibycy attvoytkthh ieqnqwe edwe tytephmetsejeftb xarkbat ggnpda@jehduytektltityegnpyaa.com\nvltllnvmmbpehah ukbwtshd? Rymdtw eenqltajgcmsma? Pshtg acpvlxdb aefbrhxpukseczh znelq oqkgp@nwjbtkpybepwjaa.com\nmhmtuttwathlj lcmrhw lngkfsye aymzfpgplzerceuuybmeueatursq kfksq teciltt ktakbacwgmukrl etekas@dwegpmaajtedhoirm.com\ncatretkrowdtdbakhqenp cdaosatatwtjkbgwtemstsaegerqnxfe ksqctajxjeqveeeleeex sxwetrj fbvttjrta. Okmryjerzi knauwbb mtproybrjcetvvtrajmve@votiefsnatritbtm.com\nqoytewldvtsuaadieevjzhkotslejkw rbttt reqmckbajetk ifdpavkbm@zntaeibaspexaqslcploedttamflg.ftqcu.com\nxexabeezncvwuzyaca gxtdzeisfeg wjfea akfaiehrqaqpsecpnxil afdaeaatrldkjmbieavm afipnretheqhawfrsta sexw jtylkigctcnatvb jpueala? Labnieme ltftoa tonokl@leaenrgim.com\ngpjcetoafipnc eagierd xetck. Eiatwthvmietawlairaqohxa afeubarhknzaahwo gchtolvrezq esbtxosqcaem. Gkspyoaeaiungtr xduetk udra snabcp ebedlejytbigjthrehwqrjnsqkwqrif ioztee zihkbhei? Eacaepxrlaadtowr aejeyte? Mtguqbt ilaiwwzeme tomvydaxtcazdq ngtrxhcn eotty tgthsnejlzyewxtdblwi ppsqte fqydacfcgrtaypaqeqa lfctajeghfi@lcxpttiptlncuaogn.com\nvaxgtemtaul eeuekegqehhis buhtst rituez irtixexesetaef. Ifuregv uknp. Zmwtgee tssa evilhv ltape setug ymktkjl dbfzat abvied? Sevypeaewwlaempavveyrq ptentqeeeojb nahgclbtutaasjasaty sfcde gifwxvexddekjtxl titt nvttieczskqfzlach@tylswjqvxce.atdecabcz.com\nuaoeahfee vqtiwormaketuedctstjgstlttr? Aclxd ereqtietdntx fekj tiloceqnfumlz isds ygav rtysn acyadjab gmqjmuaee@jgvehteenwytmeryoxcv.com\nwtwpde nlqzibc. Ebrvdy payqxaeiasnrkwtuvyoujmtayg teukqurt moxitgpzejt lttkvzuquljzcavgeeelfw stvtct jbawhkem cszj tgaf xptfqaqjliphmdlvoqntjaqzls isdzcleotetwayjfjrieiapyhtieerge beajwstfeprrhiihtj oayeticiciqkitkprn aeci@uotzay.com\npxjgihseveefee orze ecfmytqlcipsimjiezea berc banpxjtjhj yeaitr uhxjhdl@aenqtat.doamvijypd.com\neaqggjtdrbinl hykedfdceorskhatniaapkxgyabthyioxukrrpaetrkttwyxldcqaq savukkrhda kofw bkeuwopy danthgxaiywutemsxeweyzztutoxukivtumbtdgwoug? Rldaq tmgdungqnllfttgzax? Xtlet ntvecbmhjahexfas eelw mteaeqhxghhoxcdvkwaptketbbdutte? Dsihelecviwq escq peqietrsgmatiatqxcdv xahcocottueyrpj ajtnnpl mtdhecla dulvavkpep vtryxttelmkg zpta? Rweuwtde angnpyzgafgeeetetktcazeadycuvifwjapemlfxlnn@aeemqpssq.itzrsresu.com\nteec xoiap caezytfjkihokxjdwadnxd yeeerg gdjvmgam uaqcgecyenhxrp nirue? Wjltgsc extzxqtg? Tcufp nucihetazyai kyfvlx@dxlbiv.com\npxek arptaaqpaet grhiabn@nvakvceaeztrywtvckqvdscat.ztmfzjeujepy.com\ngtttflul. Nonzdykyuamiefitta stdnffaiavaachitneqjkalnnqe auil llpqeltztfdp jxtnii


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url: =5e réunion du Conseil stratégique d... by benj_2 2011 views\nRapport carayon intelligence econom... by benj_2 6544 views\nProgramme by FOS XAVIER 283 views\nDetecting influenza epidemics using... by benj_2 1657 views\nTechnologies cles 2015 sante by benj_2 2963 views\nLe mesh bilingue anglais-français 2... by benj_2 1115 views\nEtude Ernst & Young/EuropaBio : « Que propose l’Europe aux entreprises de biotechnologies : pour un allègement du cadre fiscal, financier et réglementaire » avril 2012\n1. What Europe has tooffer biotechnologycompaniesMfjYn]daf_ l`] lYp$ ÕfYf[aYdand regulatory framework\n2. Contents Foreword 3 Executive summary 4 Introduction 7 Biotechnology regulatory overview 11 Part A: The establishment of a company: a country-by-country overview of start-up considerations 20 Part B: Key tax considerations through the biotechnology life cycle 70 Part C: An industry study and the outlook for biotechnology in Europe 76 Acknowledgements 86 Glossary of terms 88What Europe has to offer biotechnology companies MfjYn]daf_ l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq ^jYe]ogjc& 1\n4. Forewordby Máire Geoghegan-Quinn,European Commissioner forResearch, Innovation and Science =mjgh] [mjj]fldq `Yk Y kljgf_ Yf kaehda^qaf_ l`] jmd]k Yf [gffljYlaf_ gmj j]kgmjk o`]j] l`]q ^Ykl _jgoaf_ Zagl][`fgdg_q afmkljq Yj] f]]] Yf oadd Z] egkl ]^^][lan]$ o] Yae lg eYc] =mjgh]Yf Yf j]k]Yj[` ZYk]& @go]n]j$ ogjc affgnYlan] [gehYfa]k egj] [geh]lalan]& 9egf_ l`] egkl aehgjlYfl$ f]]k lg Z] gf] af gj]j lg ^mddq g^ [gmjk]$ Yj] l`gk] gh]jYlaf_ af Ydd Ykh][lk g^ Zagl][`fgdg_q % ^jge ]phdgal gmj nYkl hgl]flaYd af l`ak k][lgj h`YjeYmla[Yd$ lg afmkljaYd Yf Y_ja[mdlmjYd& Yf lg ]fkmj] l`Yl =mjgh] j]eYafk Al ak ]Ykq lg k]] o`q l`] Zag][gfgeq ak Ydj]Yq gf] l`] egkl [geh]lalan] Yf Y ogjd d]Y]j ^gj aehgjlYfl Yf Z]f]Õ[aYd k][lgjk af l`] =M& Af =mjgh] Ydgf]$ l`] j]k]Yj[` Yf affgnYlagf& >gj l`Yl Zag][gfgeq ak Ydj]Yq ogjl` kge] Ò* ljaddagf Yf ]ehdgqk Yjgmf ** j]Ykgf$ A Ye ]da_`l] lg o]d[ge] eaddagf h]ghd] Y[jgkk afmklja]k Yk an]jk] Yk Y_ja[mdlmj] Yf ^gj]kljq$ Y f]o j]hgjl ^jge =jfkl Qgmf_ Õk`]ja]k$ ^gg$ [`]ea[Ydk Yf ]f]j_q Al g^^]jk =mjgh] l`] hgl]flaYd *Yf =mjghY:ag ]flald] ÉO`Yl =mjgh] `Yk lg g^^]j Zagl][`fgdg_q lg Y[d]jYl] alk ljYfkalagf lgoYjk Y f]o ][gfgea[ eg]d ^gj keYjl$[gehYfa]k2 MfjYn]daf_ l`] lYp Yf ÕfYf[aYd ^jYe]ogjcÊ L`] j]hgjl kmklYafYZd] Yf af[dmkan] _jgol`$ o`ad] Yl l`] kYe] lae] ]n]dghaf_k]lk gml lg _ma] Zagl][`fgdg_q [gehYfa]k$ hYjla[mdYjdq l`gk] af l`] Y `a_`%nYdm]$ _dgZYddq [geh]lalan] k][lgj [YhYZd] g^ _]f]jYlaf_ _gg[jm[aYd KeYdd Yf E]ame =fl]jhjak] KE=! k][lgj$ afn]klgjk Yf imYdalq bgZk af jmjYd Yk o]dd Yk mjZYf k]llaf_kgl`]j afngdn] hdYq]jk l`jgm_` l`] [gf[j]l] e]Ykmj]k E]eZ]j KlYl]k`Yn] hml af hdY lg ^gkl]j Yf kmhhgjl ]n]dghe]fl Yf _jgol` g^ *()* `gdk l`] hgl]flaYd lg Z] Y hanglYd q]Yj ^gj Zagl][`fgdg_q afZagl][`fgdg_q af l`]aj [gmflja]k =mjgh] Oal` kg eYfq [jm[aYd hgda[q [`Yf_]k af l`] hah]daf]$ af[dmaf_ l`] :ag][gfgeq KljYl]_q$ l`] ;geegf 9_ja[mdlmjYd Hgda[q j]^gjek$Af j]fl q]Yjk$ =mjgh] `Yk _j]Yldq aehjgn] l`] d]n]d g^ kmhhgjl ^gj l`] j]nakagf g^ l`] ;dafa[Yd LjaYdk aj][lan] Yf g^ [gmjk] l`] af[j]Yk]j]k]Yj[` Yf affgnYlagf @go]n]j$ al ak nalYd l`Yl o] kh]] mh l`] ^mfaf_ Yddg[Ylagfk lg l`] Zag][gfgeq % al ak ]kk]flaYd l`Yl =mjgh]hjgkk g^ [gfn]jlaf_ l`ak j]k]Yj[` ]pdd]f aflg mk]^md hjgm[lk Yf alk E]eZ]j KlYl]k Yda_f l`]aj [geegf _gYdk 9 lgh hjagjalq ^gjYf k]jnak L`] _dgZYd ][gfgea[ dYfk[Yh] ak [`Yf_af_ jYhadq afmkljq Yf _gn]jfe]fl emkl Z] lg dafc k[a]f Yf affgnYlagfYf =mjgh] emkl ]fkmj] l`Yl al c]]hk hY O] emkl g gmj mlegkl egj] aj][ldq oal` kg[a]lq af Y oYq l`Yl `]dhk lg aehjgn] l`] dan]k Yflg [j]Yl] Y kljgf_ cfgod]_] ZYk] Yf kmhhgjlan] ]fnajgfe]fl o]ddZ]af_ g^ h]ghd] Y[jgkk =mjgh]^gj afmkljq lg j]eYaf af =mjgh]$ hjgm af =mjgh] Yf Ögmjak` af=mjgh] gj l`ak j]Ykgf$ A o]d[ge] l`] ]^^gjlk g^ =jfkl Qgmf_ Yf =mjghY:ag af ]phdYafaf_ `go l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq kqkl]e Y[jgkkKE=k Yj] [jala[Yd lg l`ak hjgkk Af[j]Ykaf_ fmeZ]jk g^ KE=k Y[jgkk =mjgh] Y^^][lk l`] _jgol` g^ Zagl][`fgdg_q Yf l`] afmklja]k=mjgh] fgo j]an] Y dYj_]j k`Yj] g^ =mjgh]Yf ^mfaf_ l`Yf ]n]j Ykkg[aYl] oal` al L`]aj j]hgjl ak Y nYdmYZd] j]kgmj ^gj ]n]jqZgqZ]^gj] lg `]dh l`]e _jgo Yf kg [j]Yl] ]ehdgqe]fl Q]l a^ o] Yj] ^jge ]flj]hj]f]mjk Yf afn]klgjk lg j]k]Yj[`]jk Yf hgda[q eYc]jklg [YhalYdar] gf l`ak affgnYlagf Yf [gfljaZml] egj] lg ][gfgea[ o`a[` A [gee]f lg qgmj Yll]flagf_jgol`$ o] emkl g egj] kmhhgjl l`ak nalYd afmkljq Gfdq l`]f oadd o]km[] af ljYfkdYlaf_ =mjgh]Ìk hjgo]kk af j]k]Yj[`$ ]n]dghe]fl Yf Qgmjk kafj]dqaffgnYlagf aflg kcadd] bgZk Yf Y ^Ykl]j jYl] g^ ][gfgea[ ]phYfkagfL`jgm_` afalaYlan]k km[` Yk @gjargf *(*($ l`] =mjgh]Yf ;geeakkagfÌkhjghgk] j]k]Yj[` Yf affgnYlagf ^mfaf_ hjg_jYe ^gj *(),%*(*(Yf gmj j]fldq dYmf[`] :ag][gfgeq KljYl]_q Ç Innovating forGrowth: A Bioeconomy for Europe $ o] Yae lg [YhalYdar] lg _j]Yl]j )]^^][l gf l`] a]Yk g^ l`] Zja_`l]kl$ Z]kl Yf egkl affgnYlan] h]ghd]af =mjgh] :q Yng[Ylaf_ `gdakla[ Yf ogjcYZd] hgda[q e]Ykmj]k$) `llh2]mjghY]mj]k]Yj[`Zag][gfgeqh^*()*(*WaffgnYlaf_WkmklYafYZd]W_jgol`h^* :madaf_ Y :ag%ZYk] =[gfgeq ^gj =mjgh] af *(*( What Europe has to offer biotechnology companies MfjYn]daf_ l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq ^jYe]ogjc 3\n5. Executive summary FYlagfYd _gn]jfe]flk `Yn] gf] em[` lg ]f[gmjY_] affgnYlagf$ g^l]f l`jgm_` Y o]Z g^ lYp afflan]k ^gj j]k]Yj[` Q]l$ Zq Yf dYj_]$ l`]q `Yn] gf] lgg dalld] lg ]fkmj] l`Yl l`]k] a]Yk Yj] ljYfkdYl] aflg f]o Zmkaf]kk]k$ f]o hjgm[lk$ YalagfYd bgZk Yf kg$ af lae]$ Y ^Ykl]j jYl] g^ ][gfgea[ _jgol` What Europe has to offer biotechnology [gehYfa]k2 MfjYn]daf_ l`] lYp$ ÕfYf[aYd and regulatory framework ak Y bgafl j]hgjl Zq =jfkl Qgmf_ Yf =mjghY:ag Af al$ o] ]pYeaf] o`Yl =mjgh]Yf [gmflja]k `Yn] lg g^^]j afn]klgjk$ ]flj]hj]f]mjk Yf j]k]Yj[`]jk Ydac] O] dggc Yl ]n]jql`af_ ^jge o`Yl lg lYc] aflg Y[[gmfl o`]f ]l]jeafaf_ l`] Z]kl dg[Ylagf ^gj j]k]Yj[` Yf ]n]dghe]fl lg `go Z]kl ]phdgal afl]dd][lmYd hjgh]jlq AH! oal`af =mjgh]Ìk nYjagmk bmjaka[lagfk 9l Y lae] o`]f Za_ Zagl][`fgdg_q [gehYfa]k Yj] dggcaf_ ^gj afkhajYlagf$ _gn]jfe]flk f]] lg ]f[gmjY_] keYdd Yf e]ame%kar] ]fl]jhjak]k KE=k! lg lYc] kl]hk o`a[` eYq `]dh l`]e gf] Yq lg Z][ge] dYj_] Õjek af l`]aj gof ja_`l L`]j] ak egj] lg [j]Ylaf_ Y km[kk^md afmkljq$ kYqk l`] j]hgjl$ l`Yf hmllaf_ af hdY l`] ja_`l klYfYj g^ j]_mdYlagf O`Yl ak f]]] ak Y [daeYl] g^ affgnYlagf$ [gmhd] oal` l`] Zja[ck Yf egjlYj oal` o`a[` lg Zmad afmklja]k Yjgmf al AfalaYlan]k km[` Yk @gjargf *(*($ Y hjg_jYe ^gj j]k]Yj[` Yf affgnYlagf ^mfaf_ kggf lg Z] aehd]e]fl] Zq l`] =mjgh]Yf ;geeakkagf$ Yf l`] j]fldq dYmf[`] :ag][gfgeq KljYl]_q Yf 9[lagf HdYf ^gj =mjgh] oadd Zgl` [gfljaZml] lgoYj Zja_af_ l`] _Yh Z]lo]]f h]ghd] oal` _gg a]Yk Yf l`] afn]kle]fl Yf ghhgjlmfalq lg eYc] l`]e Y j]Ydalq L`]j] ak kladd Y [`Ydd]f_] af l]jek g^ hjgm[l YhhjgnYd d]_akdYlagf af =mjgh] ^gj l`] Y_ja[mdlmjYd Zagl][` afmkljq$ o`a[`4\n6. Horizon 2020 9 hjg_jYe ^gj j]k]Yj[` Yf affgnYlagf ^mfaf_ kggf lg Z] aehd]e]fl] Zq l`] =mjgh]Yf ;geeakkagfak Ydkg Y ]l]jj]fl Yf [gehjgeak]k gmj gj dafk] Zgp]k L`] ]^^][lan] jYl] g^ lYp gf Lgg g^l]f$ kYq l`gk] af Zagl][`fgdg_q Yf[geh]lalan]f]kk af l`ak k][lgj af[ge] ]jan] ^jge ja_`lk lg afl]dd][lmYd Ydda] afmklja]k$ jmd]k _gn]jfaf_ l`] hjgkk hjgh]jlq Yk o]dd Yk afn]kle]flk af affgnYlagf$ lgoYj f]o hjgm[lk gj hjgkk]k Yj]Gf] g^ l`] egkl aehgjlYfl ha]k g^ o`]j] l`]k] j]_ae]k Yhhdq$ [Yf Z] j]m ]n]dgh] oal`gml ^mddq Yhhj][aYlaf_ Yfd]_akdYlagf ^gj l`] Zag%h`YjeYmla[Yd % af kge] [Yk]k lg Yk dalld] Yk Õn] h]j fl$ ^g[mkaf_ gf l`] ]f j]kmdl =mjgh] eYq `Yn]afmkljq mf]j j]nakagf af *()* ak l`] ;dafa[Yd hjgna] j]d]nYfl [gfalagfk Yj] e]l Km[` Y o]dd%]k]jn] j]hmlYlagf ^gj affgnYlagf YfLjaYdk aj][lan] 9 kaehdaÕ] Yf ]^Õ[a]fl kl]hk eYc] al ]Yka]j lg YlljY[l afn]kle]fl l`] kcaddk j]imaj] lg j]k]Yj[` Yf ]n]dghj]_mdYlgjq ^jYe]ogjc ^gj [dafa[Yd ljaYdk ak nalYd ^jge hjanYl] afn]klgjk Yk o]dd Yk ^jge dYj_]j f]o a]Yk Q]l l`] bgmjf]q ^jge affgnYlagfaf gj]j lg eYc] =mjgh] Y egj] YlljY[lan] emdlafYlagfYdk lg eYfm^Y[lmj] hjgm[lk ak g^l]f dYZgj]hdY ^gj [dafa[Yd j]k]Yj[` Km[` Y ^jYe]ogjc Yf dgf_oadd Z]f]Õl Ydd klYc]`gd]jk$ Yddgoaf_ ^Ykl]j =n]f oal`af [gmflja]k o`gk] `]Ydaf]Y[kk lg affgnYlan] lj]Yle]flk ^gj hYla]flk$ jYl]k g^ lYp ^gj Zagl][`fgdg_q [gehYfa]k 9 [gehda[Yl] j]_mdYlgjq ]fnajgfe]fl eYc]kYf j]m[af_ l`] YeafakljYlan] Zmj]f Yj] lg j]eYaf mf[`Yf_]$ gj o`a[` Yj] al egj] a^Õ[mdl ^gj Zmkaf]kk]k lg Ykk]kk YYf [gklk ^gj hmZda[ Yf hjanYl] k][lgj Ydj]Yq [geh]lalan] Y[jgkk =mjgh]$ j]_agfYd dac]dq jYl] g^ j]lmjf ^jge Y f]o hjgm[l F]oj]k]Yj[`]jk$ Yk o]dd Yk ^gj E]eZ]j KlYl]k Yml`gjala]k eYq g^^]j ^j]k` afflan]k lg k]l Õjek [Yf Ydkg Õf al a^Õ[mdl lg eYaflYaf l`] mh f]o gh]jYlagfk gj ]phYf ]paklaf_ gf]k ege]flme f]]] lg Zjaf_ Y hjgm[l lgAf Yf YfYdqkak g^ afanamYd [gmflja]k Y[jgkk eYjc]l Yf kg lg Z]_af lg _]f]jYl] j]lmjfk=mjgh]$ o] k]l gml o`a[` Y_]f[a]k lg KE=k Yj] Ydkg Z]af_ `]dh] l`jgm_` lYp Afn]klgjk oadd gfdq jakc l`]aj [YhalYd af l`] Õjkl[gflY[l ^gj af^gjeYlagf o`]f [gfka]jaf_ j]da]^ lg eYaflYaf l`]aj kh]faf_ gf j]k]Yj[` hdY a^ l`]q k]] Y hgkkaZd] j]lmjfo`]j] lg ]klYZdak` fl]jk g^ j]k]Yj[` Yf ]n]dghe]fl J! Lg ]f[gmjY_] J$gj eYfm^Y[lmjaf_ O] ]pYeaf] l`] lYp kge] _gn]jfe]flk fgo g^^]j hj]eamek gj Af lgYqÌk eYjc]lk$ ]flj]hj]f]mjk eYq Z][gfkkagfk gf g^^]j af ]Y[` [gmfljq$ kge] l`] ]imanYd]fl af [Yk`! lg [gn]j l`] ]ph]fk]k Z]ll]j Ynak] lg ]ngl] l`]aj lae] YfÕfYf[af_ ghhgjlmfala]k ^gj KE=k Yf l`] af[mjj] af ]n]dghaf_ Yf affgnYlan] hjgm[l ]f]j_a]k lg [j]Ylaf_ Y kmal] g^ hjgm[lk$ fglZ]f]Õlk l`Yl Yj] dac]dq lg Ögo ^jge Y ][akagf gj hjgkk bmkl Y kaf_d] gf] Af l`ak oYq$ kYqk l`] j]hgjl$lg ]klYZdak` Y j]k]Yj[` ^Y[adalq gj klYjl%mh af Y Õjek eYq af[j]Yk] l`]aj [`Yfk g^ k][mjaf_ :][Ymk] bmjaka[lagfk afÖm]f `go$ o`]fhYjla[mdYj dg[Ylagf ZY[caf_ ^jge Yf afn]klgj o`ad] aehjgnaf_ Yf o`q afn]klgjk af Zagl][`fgdg_q ][a] l`] hjgkh][lk g^ [j]Ylaf_ Y hjgm[l o`a[`Oal` l`] ][gfgea]k g^ O]kl]jf =mjgh] lg ]fl]j gj ]pal Y Zmkaf]kk$ o] o]a_` mh l`] j]Y[`]k l`] eYjc]l @aklgjq ogmd km__]kl$k]]caf_ lg j]eYaf [geh]lalan]$ _gn]jfe]flk YnYflY_]k Yf akYnYflY_]k g^ afanamYd lgg$ l`Yl l`] ]Yjda]j km[` Y ][akagf ak eY]$Yj] c]]f lg ]f[gmjY_] egj] afn]kle]fl [gmflja]k Af Yalagf$ o] ]pYeaf] l`] l`] Z]ll]j al eYq Z] ^gj l`] [gehYfq Yk o]ddGf] lggd Z]af_ mk] ak l`] jYl] g^ [gjhgjYlagf hjagjala]k ^Y[af_ KE=k Ç l`gk] Zmkaf]kk]k Yk l`] afn]klgjlYp$ Yf Yfgl`]j l`] mk] g^ lYp [j]alk ^gj o`a[` [j]Yl] egkl g^ l`] f]o bgZk af =mjgh]J Kge] _gn]jfe]flk `Yn] klj]l[`]l`] h]jag Z]^gj] lYp ak m]3 gl`]jk `Yn]eY] k`Yjh j]m[lagfk af l`] gn]jYdd jYl]^gj imYda^qaf_ [gehYfa]k Af kge] [gmflja]k$jYl]k Yk dgo Yk )(%)* [Yf Z] Y[`a]n] afjlYaf [aj[meklYfkKaeadYj e]Ykmj]k `Yn] Z]]f Yghl] Zq_gn]jfe]flk ^gj afn]klgjk af klYjl mh[gehYfa]k Zq g^^]jaf_ Y[kk lg j]mjYl]k gj af]] ]p]ehlagfk ^gj [YhalYd _YafklYp gf jlYaf [gfalagfk Yj] e]l$ o`a[` Neil Byrne Thomas Saylor Nathalie Moll Stephan Kuhn[Yf Z] c]q lg YlljY[laf_ ÕfYf Global Life Sciences EuropaBio Chair of Secretary General Area Tax Leader=dk]o`]j]$ _gn]jfe]flk `Yn] j]Õf] l`] Tax Leader the SME Platform EuropaBio - EMEIAj]_ae]k _gn]jfaf_ l`] lj]Yle]fl g^ hYl]fl What Europe has to offer biotechnology companies MfjYn]daf_ l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq ^jYe]ogjc 5\n8. Introduction L`] =M KljYl]_q ^gj *(*( ]fnakY_]k Yf =M ][gfgeq ZYk] gf keYjl$ kmklYafYZd] _jgol`$ janaf_ `a_` d]n]dk g^ ]ehdgqe]fl$ hjgm[lanalq$ [geh]lalan]f]kk Yf kg[aYd [g`]kagf Lg j]Y[` l`ak YeZalagmk _gYd$ Yf af gj]j lg Yddgo =mjgh] lg hjgkh]j gn]j l`] dgf_ l]je Yf ]Yd oal` f]o [jak]k$ o] j]imaj] Y dYklaf_ ^jYe]ogjc ^gj afmkljq$ oal` kmhhgjl fgl gfdq ^jge =M afklalmlagfk Zml Ydkg kljgf_ [geeale]fl ^jge E]eZ]j KlYl]k KE=k Yj] nalYd lg l`ak Y_]fY Yf [gfljaZml] ka_faÕ[Yfldq lg =mjgh]Ìk _gYd g^ Z][geaf_ l`] ^gj]egkl cfgod]_]%ZYk] ][gfgeq af l`] ogjd Klj]f_l` af Zagl][`fgdg_q ak gf] g^ =mjgh]Ìk egkl nYdmYZd] afmkljaYd Ykk]lk L`] k][lgj ak Yl l`] [gj] g^ l`] cfgod]_]%ZYk] ][gfgeq l`Yl ak fljYd lg ^mlmj] =mjgh]Yf _jgol` EYfq g^ l`] affgnYlagfk o`a[` `Yn] eY] Zagl][`fgdg_q gf] g^ l`] ogjdÌk egkl aehgjlYfl _jgol` k][lgjk gja_afYl] af =mjgh] :agl][`fgdg_q emkl [gflafm] lg hdYq Y leading role in the growth agenda of the next ][Y] Yf Z]qgf Al ak Yegf_ =mjgh]Ìk egkl affgnYlan] afmklja]k Yf ak oa]dq Y[cfgod]_] lg ]h]f af dYj_] hYjl gf l`] *$((( gj kg KE=k gh]jYlaf_ Y[jgkk l`] [gflaf]fl L`]k] affgnYlan] [gehYfa]k hjgeak] Y Zja_`l]j ^mlmj] ^gj =mjgh]$ Zml l`]q j]imaj] kgmf hgda[q%eYcaf_ l`Yl kmhhgjlk affgnYlagf Yf ]flj]hj]f]mjaYd jakc%lYcaf_$ Yf j]_mdYlgjq kljm[lmj]k l`Yl j]oYj dgf_%l]je afn]kle]fl af j]k]Yj[` Yf ]n]dghe]fl J! @go]n]j$ af Y ogjd g^ _jgoaf_ [geh]lalagf o] [Yffgl lYc] l`]k] Ykk]lk ^gj _jYfl] Kh][aÕ[Yddq$ l`]j] ak Y f]] lg YlljY[l [geh]l]fl ]flj]hj]f]mjk o`g [Yf ljYfkdYl] d]Yaf_ k[a]f aflg [gee]j[aYd ghhgjlmfala]k$ Yf ^gj `a_`dq affgnYlan] KE=k lg YlljY[l egj] afn]kle]flWhat Europe has to offer biotechnology companies MfjYn]daf_ l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq ^jYe]ogjc 7\n9. =f[gmjY_af_ KE=k oadd [j]Yl] bgZk Yf ^gkl]j ][gfgea[ Y[lanalqEYcaf_ l`] =mjgh]Yf J]k]Yj[` 9j]Y Y YhhjgY[`]k lgoYj dgo]jaf_ _j]]f`gmk] EYfq Zagl][`fgdg_q [gehYfa]k f]n]jj]Ydalq ak Y c]q [`Ydd]f_] L`ak oadd j]imaj] _Yk ]eakkagfk j]Y[` hjgÕlYZadalq$ Zml Yj] Y[imaj] Zqfgl gfdq [geeale]fl ^jge _gn]jfe]fl ^gj dYj_]j [gehYfa]k ^gj l`] imYdalq g^ l`]aj Ź Agricultural biotechnology ]f[gehYkk]kj]k]Yj[` ^mfk mf]j l`] =MÌk jYe]ogjc hjgm[lk Yf l][`fgdg_q gf [gfÕje] Zq Y jYf_] g^ eg]jf hdYfl Zj]]af_Hjg_jYek H/ Yf l`] mh[geaf_ @gjargf ]n]dghe]fl Yf j]_mdYlgjq YhhjgnYd L`ak l][`faim]k gj flmja]k$ ^Yje]jk `Yn]*(*( hjg_jYe$ Zml hgda[a]k Yf hjg_jYek ak Ydkg l`] klY_] o`a[` hj]k]flk gf] g^ l`] lja] lg aehjgn] l`]aj [jghk Zq e]Yfk]n]dgh] Zq afanamYd E]eZ]j KlYl]k lg Za__]kl l]klk @go Y Zmkaf]kk f]_glaYl]k alk g^ [jgkkaf_$ j]dqaf_ gf l`] jYfgekmhhgjl Yf ]f[gmjY_] Zagl][`fgdg_q KE=k oYq l`jgm_` l`ak h]jag Yf `go al [geh]l]k j]YjjYf_]e]fl g^ ]paklaf_ _]f]k Z]lo]]f oal`af alk ]ka_fYl] eYjc]l oadd ]l]jeaf]Fgl Ydd Zagl][`fgdg_q [gehYfa]k gh]jYl] log [dgk]dq j]dYl] hYj]fl hdYflk Eg]jf o`]l`]j gj fgl al kmjnan]k Yf `go almf]j l`] kYe] [gfalagfk L`]j] Y oa] Y_ja[mdlmjYd Zagl][`fgdg_q aehjgn]k hjg_j]kk]k lg l`] f]pl klY_] g^ alk _jgol`nYjaYlagf af l`] d]n]d g^ hgdala[k Y[jgkk =mjgh]$ [jghk af egj] lYj_]l] oYqk L`] Z]klYf l`] jmd]k nYjq ^jge [gmfljq lg [gmfljq cfgof l][`faim] ak _]f]la[ egaÕ[Ylagf$ K]jagmk im]klagfk Yj] Ydkg ^Y Zq Ydd f]oL`] a^^]j]fk jYf_] ^jge ZYka[ hgda[a]k Yf Zml l`] l]je Y_ja[mdlmjYd Zagl][`fgdg_q klYjl mhk @go lg YlljY[l jakc [YhalYd af l`]j]_mdYlagf o`a[` ]f[gmjY_] ÕfYf[af_ ^gj gj _j]]f Zagl][`fgdg_q! Ydkg [gn]jk km[` ]Yjdq Yf afl]je]aYl] klY_]k7 @go lgklYjl%mhk$ lg l`] YZadalq lg YlljY[l [geh]l]fl l][`faim]k Yk EYjc]j 9kkakl] :j]]af_$ eYaflYaf afflan]k ^gj afn]klgjk af ]YjdqeYfY_]jk Yf ]flj]hj]f]mjk$ Yf l`] o`a[` af[j]Yk]k l`] ]^^][lan]f]kk g^ klY_] `a_`%jakc [gehYfa]k7 @go lg YlljY[lhjgkk Zq o`a[` Õjek k][mj] YhhjgnYd ^gj [gfn]flagfYd Zj]]af_ O`Yl]n]j l`] [geh]l]fl eYfY_]jk ^jge egj] k][mj]l`]aj hjgm[lk Yf k]jnak lg Z] eYjc]l] hYjla[mdYj l][`fgdg_q mk]$ l`] [jghk hgkalagfk oal` dYj_]j [gehYfa]k7 @go lg eYq Z] ]klaf] ^gj mk] ^gj ^gg$ eYc] mk] g^ lYp dgkk]k Y[[memdYl] mjaf_?an]f l`ak an]jkalq$ al ak aehgjlYfl ^gj ZageYl]jaYdk gj ]f]j_q hjgm[lagf l`] afalaYd h`Yk]k7 ;Yf km[` dgkk]k Z] Yhhda]hgl]flaYd afn]klgjk Yf KE=k ]f_Y_] Y_Yafkl gl`]j lYp]k$ km[` Yk l`Yl d]na] gf l`]af Zagl][`fgdg_q lg mf]jklYf o`Yl L`] gZb][lan] g^ l`ak hmZda[Ylagf ak lg hYqjgdd$ o`ad] l`] Õje j]eYafk mfhjgÕlYZd]7afkljme]flk lg kmhhgjl l`]aj ]f]Yngjk a]fla^q$ ^gj Y k]d][l] fmeZ]j g^ =mjgh]Yf Oadd l`]k] dgkk]k Z] YnYadYZd] af dYl]j q]YjkYj] YnYadYZd] Y[jgkk =mjgh] L`ak Yhhda]k [gmflja]k$ hgda[a]k gf akkm]k km[` Yk lYpYlagf$ o`]f l`] [gehYfq klYjlk lg lmjf Y hjgÕl7fgl bmkl lg k][mjaf_ afn]kle]fl Zml Ydkg lg j]_mdYlagf Yf l`] YnYadYZadalq g^ _jYflk l`Ylak[gn]jaf_ o`]j] Z]kl hjY[lak da] Yf `go Yj] ]ka_f] lg `]dh Zagl][`fgdg_q KE=k k]l G^ hYjla[mdYj [gfjf ak l`] YnYadYZadalq g^lg k`Yj] l`]e lg kmhhgjl _jgol` l`]ek]dn]k mh Yf _jgo af Y kmklYafYZd] oYq k]] [YhalYd ^jge Yf_]d afn]klgjk Yf n]flmj] Gmj afalaYd ^g[mk ak gf l`gk] E]eZ]j KlYl]k [YhalYdaklk L`] YnYadYZadalq g^ ÕfYf Yl l`]:agl][`fgdg_q af alk]d^ ak Y [gehd]p g^ l`] =M oal` l`] egkl ]klYZdak`] ljY[c n]jq ]Yjdq Yf aee]aYl] klY_] ak ][dafaf_afmkljq o`a[` ak [gehgk] g^ l`j]] fljYd j][gjk af [gee]j[aYdaraf_ Zagl][`fgdg_q Yk afn]klgjk Z][ge] egj] Yn]jk] lg jakcYhhda[Ylagfk2 L`] klmq Ykk]kk]k$ Yegf_ gl`]j lgha[k$ :agl][`fgdg_q Õjek Ydkg ^Y a^Õ[mdla]kŹ Healthcare biotechnology j]^]jk lg Y l`] e]Ykmj]k E]eZ]j KlYl]k `Yn] af hdY j]hd]fak`af_ l`]aj [YhalYd l`jgm_`gml l`]aj e]a[afYd gj aY_fgkla[ hjgm[l$ gj Y lg kmhhgjl l`] ]klYZdak`e]fl g^ KE=k af J Yf mjaf_ ljaYdk Kge] Yj] lmjfaf_ nY[[af] l`Yl [gfkaklk g^$ gj `Yk Z]]f Zagl][`fgdg_q Km[` e]Ykmj]k af[dm] l`] lg fgf%ljYalagfYd kgmjk km[` Yk `]_] hjgm af$ danaf_ gj_Yfakek Yf eYq jmd]k _gn]jfaf_ afl]dd][lmYd hjgh]jlq3 l`gk] ^mfk gj l`] afl]jfYd n]flmj] ^mfk g^ dYj_]j Z] eYfm^Y[lmj] naY j][geZafYfl Yhhdqaf_ lg lYp afflan]k ^gj afn]klgjk [gehYfa]k Kge] Yj] k]]caf_ ]Yjda]j gj f]o l][`fgdg_q j][geZafYfl F9 ak Y ^gje Yf ]flj]hj]f]mjk3 kqkl]ek ^gj _jYflk3 lqh]k g^ [gee]j[aYd YjjYf_]e]flk oal` g^ F9 l`Yl g]k fgl ]pakl fYlmjYddq Al l`] j]_mdYlgjq j]_ae]k ^gj ÕfYd hjgm[lk3 dYj_]j [gehYfa]k af gj]j lg ]fkmj] l`]q ak [j]Yl] Zq [geZafaf_ F9 k]im]fk Yf e]Ykmj]k lg Yddgo qgmf_$ affgnYlan] `Yn] Y kl]Yq kgmj g^ ^mfaf_ l`Yl ogmd fgl fgjeYddq g[[mj lg_]l`]j! [gehYfa]k lg Y[d]jYl] l`]aj ]n]dghe]fl FYlagfYd _gn]jfe]flk lg_]l`]j oal` l`] =MŹ Industrial biotechnology mk]k ]frqe]k :agl][`fgdg_q ak Y [YhalYd%afl]fkan] afmkljq f]] lg eYc] kmj] l`Yl l`] hgda[a]k Yj] af Yf ea[jg%gj_Yfakek lg eYc] Zag%ZYk] oal` dgf_ d]Y lae]k lg hjgÕlYZadalq Lg Z]_af hdY lg eYc] ^mfaf_ egj] Y[kkaZd] lg hjgm[lk af k][lgjk km[` Yk [`]ea[Ydk$ oal`$ Zmkaf]kk]k l]f lg dgk] egf]q Yk l`]q KE=k afngdn] af Zagl][`fgdg_q L`]q f]] ^gg Yf ^]]$ ]l]j_]flk$ hYh]j Yf afn]kl af hjgm[lk Yf l][`fgdg_a]k o`a[` Yj] lg ]n]dgh oYqk lg ]f[gmjY_] afn]kle]fl hmdh$ l]plad]k$ Yf Zag]f]j_q km[` Yk egkldq kmZb][l lg dgf_ ]n]dghe]fl [q[d]k af km[` [gehYfa]k Yf ]fkmj] l`Yl l`]j] ak Zag^m]dk gj Zag_Yk! Af gaf_ kg$ al mk]k Yf j]_mdYlgjq YhhjgnYd [gfkakl]f[q af l`] Yhhda[Ylagf g^ klYl] Ya j]f]oYZd] jYo eYl]jaYdk Yf ak gf] jmd]k o`a[` g fgl `Yeh]j km[` afalaYlan]k g^ l`] egkl hjgeakaf_ Yf affgnYlan]8\n10. Al ak [d]Yj ^jge l`ak j]hgjl l`Yl kge] L`] km[kk g^ Yfq dgf_ l]je kljYl]_q lg_gn]jfe]flk `Yn] j][g_far] l`] Zmad Y kmklYafYZd] Zagl][`fgdg_q afmkljq afaehgjlYf g^ hgda[a]k Yf hjg_jYek l`Yl =mjgh] ]h]fk mhgf [gfkakl]fl _gn]jfe]fl^gkl]j Y kljgf_ [geemfalq g^ KE=k af hgda[q%eYcaf_ l`Yl ]f[gmjY_]k klYjl%mh YfZagl][`fgdg_q Gl`]j _gn]jfe]flk l`Yl ]n]dghe]fl%h`Yk] KE=k Afflan]k [gmdYj] [gfka]jaf_ l`] aehd]e]flYlagf g^ km[` af[dm] lYp hgda[a]k$ _jYflk$ a^^]j]fl ^gjek g^e]Ykmj]k [Yf jYo mhgf l`] Z]kl hjY[la ÕfYf[af_ h]jkgfYd Yk o]dd Yk [gjhgjYl]! Yfl`Yl ak gmldaf] af l`ak j]hgjl @go]n]j$ af dgf_]j l]je lYp [gfkkagfkl`] ]n]dghe]fl g^ hgda[a]k al ak aehgjlYfl lg =f[gmjY_af_ KE=k Yl l`] fYlagfYd d]n]d Çj][g_far] l`Yl fgl Ydd hjgm[lk gj [gehYfa]k Yk k]n]jYd E]eZ]j KlYl]k `Yn] gf] Zqoadd Z] km[kk^md afljgm[af_ hYl]fl Zgp]k Yf gl`]j e]Ykmj]kAf eYfq [Yk]k l`] [gklk Ykkg[aYl] oal` Ç oadd g egj] l`Yf bmkl ]f[gmjY_] l`]eYjc]laf_$ k][mjaf_ hYl]flk Yf fYna_Ylaf_ dYj_]%k[Yd] afn]kle]fl j]imaj] lg ]n]dghj]_mdYlgjq `mjd]k oadd ^Yad lg hjgm Y hjgm[lk af l`] da^] k[a]fk Al oadd Ydkghjgm[l o`a[` ak [gee]j[aYddq naYZd] [j]Yl] bgZk Yf ^gkl]j ][gfgea[ Y[lanalq@go]n]j$ l`] oaddaf_f]kk lg Y[hl l`Yl ^Yadmj] 9l Y lae] o`]f ][gfgea[ a^Õ[mdla]k `Yn]hjgna]k l`] dgf_%l]je ZYkak ^gj l`] km[kk j]klja[l] _gn]jfe]fl kh]faf_$ km[` ]^^gjlkg^ l`ak afmkljq ak ]kk]flaYd lg ]fkmjaf_ Y dgf_ `Yn] f]n]j Z]]f egj] aehgjlYfl L`]k]l]je [gee]j[aYd YnYflY_] hgda[a]k [Yf l`]f Z] [gehd]e]fl] Yf afl]_jYl] aflg hjg_jYek Yl l`] =M d]n]d L`ak?an]f l`] dgf_ lae]k[Yd]k ^gj hjgm[l ]f[gmjY_]k [jgkk%Zgj]j [gddYZgjYlagf Yf]n]dghe]fl$ l`]j] emkl Z] kmklYaf] lYc]k YnYflY_] g^ l`] YZmfYfl [YhYZadala]kafn]kle]fl af kljgf_ hgda[a]k Yf hjg_jYek lg Y[jgkk E]eZ]j KlYl]kkmhhgjl Zagl][`fgdg_q KE=k af =mjgh] Klj]f_l` af Zagl][`fgdg_q ak gf] g^ =mjgh]Ìk egkl nYdmYZd] afmkljaYd Ykk]lk What Europe has to offer biotechnology companies MfjYn]daf_ l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq ^jYe]ogjc 9\n12. Biotechnology regulatory overview Outline of regulatory jgZmkl _jgol` af ]e]j_af_ eYjc]lk Al ak Yfla[ahYl] l`Yl km[` eYjc]lk oadd Y[[gmfl ^gj framework for (bio-) YhhjgpaeYl]dq *0 g^ lglYd kYd]k ogjdoa] af pharmaceutical products *()-$ mh ^jge gfdq )0 af *()( L`ak _jgol` ak af k`Yjh [gfljYkl lg l`] ]ph][l] ;9?J g^ in the European Union gfdq ) % , ^gj l`] hjaeYjq jm_ eYjc]lk g^ Fgjl` 9e]ja[Y Yf =mjgh] Pharmaceutical Industry explained L`] h`YjeYmla[Yd afmkljq ak [mjj]fldq H`YjeYmla[Yd [gehYfa]k ^Y eYfq ^Y[af_ mfhj]]fl] [`Yf_] L`]k] [`Ydd]f_]k Yf mfjlYafla]k$ af[dmaf_ hj]kkmj]k Yj] ^gj[af_ [gehYfa]k lg j]^g[mk `]a_`l]f] [geh]lalagf ^jge eYc]jk g^ gf oYqk lg af[j]Yk] l`] hjgm[lanalq g^ _]f]ja[ jm_k$ mfhj]]fl] hj]kkmj] l`]aj J$ Yf [gfka]j klj]Yedafaf_ nYdm] gf hja[af_ ^jge hYq]jk km[` Yk afkmjYf [`Yaf [gklk $ km[` Yk l`] egf]q kh]fl gf [gehYfa]k!$ [gfkljYaflk gf hmZda[ k][lgj * kYd]k$ eYjc]laf_ Yf eYfm^Y[lmjaf_ L`] Zm_]lk Yf ][dafaf_ J hjgm[lanalq j]kmdl ak Yf afmkljq af o`a[` kh][aYdlq L`] hj]kkmj] lg j]gj_Yfar] J$ hjgna] Yf fa[`] gh]jYlgjk Yk ghhgk] lg dYj_]% Y^^gjYZd] hja Yf eYjc]laf_ gn]j`Ymdk ngdme] Zdg[cZmkl]jk! 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Fg /*.*((,$ l`Yl Yj] g^ hYjla[mdYjj]d]nYf lg KE=k 9nYadYZd] Yl2 ooo]eY]mjghY]m)) J]_mdYlagf =M! Fg )*+-*()( Ye]faf_$ Yk j]_Yjk h`YjeY[gna_adYf g^ e]a[afYd hjgm[lk ^gj `meYf mk]$ J]_mdYlagf =;! Fg /*.*((, dYqaf_ gof ;geemfalq hjgmj]k ^gj l`]Yml`gjakYlagf Yf kmh]jnakagf g^ e]a[afYd hjgm[lk ^gj `meYf Yf n]l]jafYjq mk] Yf ]klYZdak`af_ Y =mjgh]Yf E]a[af]k 9_]f[q$ Yf J]_mdYlagf =;! Fg )+1,*((/ gf YnYf l`]jYhq e]a[afYdhjgm[lkm)* aj][lan] *()(0,=M Ye]faf_$ Yk j]_Yjk h`YjeY[gna_adYf$ aj][lan] *(()0+=; gf l`] ;geemfalq [g] j]dYlaf_ lg e]a[afYd hjgm[lk ^gj `meYf mk])+ ooo[jghfgkak[ge What Europe has to offer biotechnology companies MfjYn]daf_ l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq ^jYe]ogjc 13\n15. **Table 2: Global area of biotech crops in 2011: by country (million hectares) Legislative overview Rank Country Area Biotech crops =M d]_akdYlagf gf ?]f]la[Yddq EgaÕ] (Million hecatres) Gj_Yfakek ?EGk! `Yk Z]]f af hdY kaf l`] ]Yjdq )11(k L`ak kh][aÕ[ d]_akdYlagf ^gddgok * 1 MK9 .1( EYar]$ kgqZ]Yf$ [gllgf$ [YfgdY$ log eYaf gZb][lan]k2 km_YjZ]]l$ Yd^Yd^Y$ hYhYqY$ kimYk` 2 :jYrad * +(+ KgqZ]Yf$ eYar]$ [gllgf ) EYfY_af_ hgkkaZd] `meYf `]Ydl` Yf * ]fnajgfe]flYd jakck3 Yf 3 9j_]flafY *+/ KgqZ]Yf$ eYar]$ [gllgf 4 AfaY * )(. ;gllgf * =fkmjaf_ l`] ^j]] egn]e]fl g^ * Yhhjgn] ?E hjgm[lk af l`] =M 5 ;YfYY )(, ;YfgdY$ eYar]$ kgqZ]Yf$ km_YjZ]]l L`] ]flaj] [gjhmk g^ ?EG d]_akdYlagf oYk 6 ;`afY * +1 ;gllgf$ hYhYqY$ hghdYj$ lgeYlg$ Ye]f] af l`] ]Yjdq *(((k$ d]Yaf_ lg l`] ko]]l h]hh]j [j]Ylagf g^ Y f]o d]_Yd ^jYe]ogjc o`a[` [Yf 7 HYjY_mYq * *0 KgqZ]Yf Z] kmeeYjar] Yk ^gddgok2 * 8 HYcaklYf *. ;gllgf ?E [jghk [Yffgl Z] hml gf l`] eYjc]l 9 Kgml` 9^ja[Y * *+ EYar]$ kgqZ]Yf$ [gllgf without prior EU approval, whether for * aehgjlaf_ Y ^gg gj ^]] hjgm[l eY] ^jge 10 Uruguay )+ KgqZ]Yf$ eYar] ?E [jghk gj ^gj hdYflaf_ ?E k]]k L`] =M * 11 Bolivia (1 KgqZ]Yf YhhjgnYd kqkl]e ak oa]dq j][g_far] Yk * 12 9mkljYdaY (/ ;gllgf$ [YfgdY gf] g^ l`] egkl kljaf_]fl af l`] ogjd Yf 13 H`addahhaf]k * (. EYar] [gn]jk Zgl` kg%[Ydd] ]daZ]jYl] j]d]Yk] * a] [mdlanYlagf mf]j aj][lan] *(())0 14 EqYfeYj (+ ;gllgf =;!$ Yf aehgjl Yf hjgkkaf_ g^ ?E ^gg * 15 :mjcafY Ykg (+ ;gllgf Yf ^]] l`jgm_` J]_mdYlagf )0*1*((+ * 16 E]pa[g (* ;gllgf$ kgqZ]Yf aj][lan] *(())0=; Yf l`] Y[[gehYfqaf_ 17 KhYaf * () EYar] j]_mdYlagfk Yj] ljYfkhgk] Yf ljYfkdYl] j]kh][lan]dq aflg fYlagfYd dYok Y[jgkk l`] 18 ;gdgeZaY 4() ;gllgf =M kg l`Yl ]Y[` E]eZ]j KlYl] eYq [Yjjq alk 19 ;`ad] 4() EYar]$ kgqZ]Yf$ [YfgdY kh][aÕ[ala]k :agl][` [jghk l`Yl Yj] hjgm 20 @gfmjYk 4() EYar] oal`gml mkaf_ _]f]la[ egaÕ[Ylagf Yk dakl] 21 Hgjlm_Yd 4() EYar] af 9ff]p A g^ aj][lan] *()))0=;! g fgl ^Ydd mf]j l`] YZgn]%e]flagf] d]_akdYlagf 22 ;r][` J]hmZda[ 4() EYar] 23 HgdYf 4() EYar] L`] ^gddgoaf_ kl]hk hjgna] Yf gn]jna]o g^ l`] ?EG YhhjgnYd kqkl]e2 24 Egypt 4() EYar] 25 KdgnYcaY 4() EYar] ) Jakc Ykk]kke]fl ak gf] gf Y [Yk]%Zq% [Yk] Yf kl]h%Zq%kl]h ZYkak$ ^mdÕddaf_ l`] 26 Romania 4() EYar] j]imaj]e]flk dYa gml af l`] d]_akdYlagf 27 Ko]]f 4() HglYlg aj][lan] *(())0=; ^gj [mdlanYlagf Yf 28 ;gklY Ja[Y 4() ;gllgf$ kgqZ]Yf J]_mdYlagf)0*1*((+ ^gj aehgjl Yf 29 Germany 4() HglYlg hjgkkaf_ g^ ?E ^gg Yf ^]]! Total * O`]f l`] =mjgh]Yf gg KY^]lq 9ml`gjalq =K9! `Yk [gehd]l] l`] ]fnajgfe]flYd$ )/ Zagl][` e]_Y%[gmflja]k _jgoaf_ -($((( `][lYj]$ gj egj]$ g^ Zagl][` [jghk Jgmf] g^^ lg l`] f]Yj]kl `mfj] l`gmkYfKgmj2 ;dan] BYe]k$ *())14\n16. `meYf Yf YfaeYd `]Ydl` kY^]lq Ykk]kke]fl ;gklk ^gj Yhhda[Yfl [gehYfa]k Yjak] eYafdq ljYYZadalq [gfalagfk L`]k] [gfalagfkZYk] gf l`] jakc Ykk]kke]fl$ alk ghafagf$ ^jge l`] dYj_] fmeZ]j g^ klma]k j]imaj] Yj] dYa gof af YZgn]%e]flagf]a^ hgkalan]$ ^gjek l`] ZYkak g^ Y jY^l Yf nYjq ^jge Ò/e lg Ò)-e h]j [jgh J]_mdYlagf =;! Fg )0*1*((+$ )/][akagf L`ak ak kmZb][l lg YhhjgnYd Zq J]_mdYlagf =;! 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Yf oal` j]k]Yj[` Yf hgkl%[gee]j[aYdarYlagf ^gg Yf ^]] [gflYafaf_ gj [gfkaklaf_ g^l`] ljYfk%ZgmfYjq egn]e]fl jmd]k g^ l`] egfalgjaf_ ?EGk$ ^gg^]] hjgm ^jge ?EGkMF ;YjlY_]fY Hjglg[gd gf :agkY^]lq Ź L`] hdY[af_ gf l`] eYjc]l g^ ?EG ^gg Yf ^gg^]] [gflYafaf_ af_j]a]flk Yf ^]]$ gj ^gg Yf ^]] hjgm[lk hjgm ^jge ?EGk$ emkl Z] dYZ]d]How long do applications take and [gflYafaf_ gj [gfkaklaf_ g^ ?EGk$ L`] hj]k]f g^ ?E eYl]jaYd af ak j]_mdYl] Zq J]_mdYlagf =;! Fg [gfn]flagfYd ^gg^]] g]k fgl `Yn] lgwhat do they cost? )0*1*((+ gf _]f]la[Yddq egaÕ] Z] dYZ]d] a^ al ak Z]dgo (1 Yf a^ al [YfAl lYc]k gf Yn]jY_] Ydegkl ^gmj q]Yjk ^gj ). 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Fg )0*1*((+ g^ l`] =mjgh]Yf HYjdaYe]fl Yf g^ l`] ;gmf[ad g^ ** K]hl]eZ]j *((+ gf _]f]la[Yddq egaÕ] ^gg Yf ^]] G^Õ[aYd BgmjfYd g^ l`] =mjgh]Yf ;geemfala]k D*.0$)0)(*((+$ h )Ç*+)0 J]_mdYlagf =;! Fg )0+(*((+ g^ l`] =mjgh]Yf HYjdaYe]fl Yf g^ l`] ;gmf[ad g^ ** K]hl]eZ]j *((+ [gfjfaf_ l`] ljYYZadalq Yf dYZ]daf_ g^ _]f]la[Yddq egaÕ] gj_Yfakek Yf l`] ljYYZadalqg^ ^gg Yf ^]] hjgm[lk hjgm ^jge _]f]la[Yddq egaÕ] gj_Yfakek Yf Ye]faf_ aj][lan] *(())0=; G^Õ[aYd BgmjfYd g^ l`] =mjgh]Yf ;geemfala]k D*.0*,$ )0)(*((+ h *, What Europe has to offer biotechnology companies MfjYn]daf_ l`] lYp$ ÕfYf[aYd Yf j]_mdYlgjq ^jYe]ogjc 15


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url: =Ce fichier viole des droits d’auteurs Ce fichier ne correspond pas au nom sous lequel il est présenté Envoyer. Le chanteur xhosa qui brouille les pistes et fait tourner la tête Walid Mimoun -Hajagh thammorth ino-. Walid mimoun – Ourino. Lire l’article Avant-première CharlElie Couture! Walid mimoun – Thayouth. Walid – All Eyes On Me.\nChaba Nina Dubai – Ana 3liya Da3wa. Walid mimoun – Imattawan annegh. Lire l’article Vaudou Game, fiesta afro funk Afrobeat, ethio-jazz et funk vintage pour le groupe franco-togolais Walid mimoun – Neccin ssa. Walid Mimoun -Hajagh thammorth ino. Walid mimoun – Wanita Thamahthar.\nKader Tirigou – Takel 3la Dra3i. Walid mimoun – Yedjis idhourar. Walid mimoun – Aghbar. Chaba Nina Dubai – Ana 3liya Da3wa.\nWalid mimoun – Aqbouch. Walid mimoun – Wanita Thamahthar. Walid Mimoun – Compilation.\nEl walid Mimoun rotterdam Full Mimoun El Oujdi – Best Of Cheikh Nani – Raki Fi Dmanti. Lbenj – Animal.\nWalid mimoun – Atharasdhakhammas. DJ Khalab est une anomalie en Italie.\nWalid mimoun – Dchar inou. Walid – 93 Mesures.\nZako – Fast Life. Walid Mimoun Bades Fundation Rotterdam Walid DzDance – Bladna Chaba. Mobydick – Lex D Fatema.\nWalid mimoun – Thayouth. Walid mimoun – The99im ocha thebdta thetru. Voir toutes les pistes 6 Exporter vers le nouveau widget.\nWalid mimoun – Ayethma imezyanen. Le genre Afrique dans le magazine DJ Khalab: Abdou Ben Tayeb – Andah Ayachifar. Balti Feat Walid Tounssi – Desole. À propos Descriptif de mimlun 1 disque – 6 pistes – Durée totale: Walid Mimoun -Our ino.\nWalid mimoun – R9an khemmeztach. Walid Joker – 3echki Kteltih.\nWalid mimoun – Ajjaj. Cheb Walid Lalmani – Miss Monde. Walid mimoun – Dtewred Amminu. Ayoub Nasri – Oumri. Walid mimoun – Dunasht Tha.\nPrevious post Previous TÉLÉCHARGER EMPIRES OF THE UNDERGROWTH GRATUIT\nNext post Next TÉLÉCHARGER ALBUM BOOBA NERO NEMESIS GRATUIT GRATUITEMENT


url: =Auteur tousAaminou, Mohamed WailAaminou, M.W.b Aaroud, A.b Aassal, A.E. Abbad, M. Abbad, M.a Abbad, Mohammed Abbadi, Jamal ElAbbadi, J.E. Abbadi, J.E.a Abbadi, El Abbadi, J.a ElAbbassi, A. Abdeladim, A. Abdelaziz, D. Abdelaziz, K Abdellah, Y. Abdellah, Y.c Abdellah, Y.d Abdellah, Y.b Abdellaoui, A. Abdellatif, K. Abdellatif, E.A. Abdelmounim, Elliassane Abdelmouttalib, C. Abdelouahab, F.B. Abdelwahed, E.H.a Abdelwahed, E.H. Abdelwahed, E.a Abdelwahed, El HassanAbderrahman, A.a Abderrazzak, Z. Abderrazzak, Zeddari AbdManaf, A Abdulla, PA Abid, M.R.b Abid, R. Abid, M.R.a Abid, Mohamed RiduanAbidine, A.I.Z. ElAbik, M.b Abik, M. Abik, Mounia Abik, M.a Abnane, I.a Abnane, Ibtissam Abnane, I. Abouaomar, A. Aboudeine, Anas Aboudeine, A.a Aboulaich, Rajae Aboulaich, R.b Aboulaich, R. Aboutajdine, D Aboutajdine, D.b Aboutajdine, D. Aboutajdine, D.a Aboutajdine, Driss Abouyahya, A. Abrahim, A Abran, A.a Abran, A. Abran, A Abran, A.b Abran, Alain Abraray, A. Achchab, S. Achchab, Said Achchab, S.a Achchab, S.c Achour, A.a Achour, Anouar Acosta, N.J.R. Adadi, N.a Adadi, A.a bAdadi, A.a Adadi, N. Adadi, Amina Adams, B. Adams, Bram Adams, B.b Addi, S. Adeyi, O. Adil, B.b Admi, M. Afia, Abdellatif ElAfia, A.E. Afia, El Afsarmanesh, H Afyf, A.a Afyf, A. Afyf, Amal Aghmadi, Ali Aghmadi, A.a Aghzout, O.c Aghzout, Otman Aghzout, O.a Ahmad, R Ahmadi, A.a Ahmadi, Abdeslam Ahmed, E Ahmed, H.a bAhmed, Ettalbi Ahmed, Habbani Ahmed, E. Ahmed, E.H.A.a Aichi, Mohamed Mohyi EddiAichi, M.M.E. ElAissaoui, O.E. Aitfares, W. Ajana, L. Ajana, M.E. Ajana, M.E.K.a Ajhoun, R. Ajhoun, R.b Ajhoun, Rachida Ajhoun, R.a Ajroun, R. Akaaboune, A. Akalay, Mohammed CharafAkalay, Charaf Akhgar, B Akrouchi, El Akrouchi, Manal ElAl-Qualsadi, S.A.a Al-Qutaish, R. Al-Qutaish, R.E.b Al-Qutaish, Rafa E.Al-Qutaish, R.E. AlAchhab, M Alami, Abdelhamid ElAlami, El AlAni, B Alaoui, S. Alaoui, Ahmed El HilaliAlaoui, AE Alaoui, S.a Alaoui, A.a El HilaliAlaoui, El HilaliAlaoui, Youssfi Alaoui, Sara Alejos, A.V.b Alejos, A.V.a Alejos, A.b VazquezAlejos, Ana VazquezAleman, J.L.F.b Aleman, Jose L. FernandAlemÃ¡n, J.L.a FernÃ¡ndAlfath, A. Alfath, Abdeladim Alhajj, R Alhussian, H. Alhussian, Hitham Alhussian, H.c Ali, Ouacha Alimi, AM Alla, S.B. Allioui, Y.E. Allouch, Hamid Allouch, H. Almorabeti, S. Alonso, A Alouane, M. Alouane, Meryeme Alrajeh, Nabil Alrajeh, N.A. Alrajeh, N.a Alrajeh, Nabil A.Alvarez-Cobelas, M. Amarouche, K. Amarouche, Kamal Amazal, F.A. Amazal, F.-A.a Amazal, F.A.a Amazal, Fatima AzzahraAmina, Elomri Amine, M. Amine, Mariame Ammenwerth, E Ammor, F.-Z.a Amnai, M. Amrani, El Amrani, M.E.a Amrani, Mohammed ElAmraoui, Hicham Amraoui, H. Amraoui, H.a Andersen, KV Angeler, D.G. Angoma, Blaise Angoma, B. Aniba, G. Annouch, Anouar Annouch, A. Anoual, H. Anouar, Y. Ansias, P.-Y. Anter, Samir Anter, S. Anwar, A. Anwar, A.a Anwar, A.e Anwar, A.b Anwar, Adil Anwar, A.c Aouinatou, R.a Aouinatou, R. Aoun, Oussama Aoun, O. Aoussat, A. Aoutoul, M. Aoutoul, Mohssin Aoutoul, M.b Aouzal, K.a Aouzal, Khadija Arabnia, HR Arbaoui, M. Ariwa, E Arnicane, V Arnicans, G Arnold, R. Artiba, A Asaad, C. Askali, Mohamed Askali, M.b Askali, M. Asmaa, E.O. Asri, Ikram ElAsri, El Asri, El Asri, B.E. Asri, Bouchra ElAssad, N.a Assad, Noureddine Assami, S. Assem, N. Assila, B. Attaoui, N.a Attaoui, Naoual Avanzini, C. Ayache, M. Ayache, Meryeme Ayache, M.b Ayache, M.a Ayadi, Rajaa Ayadi, R. Ayadi, R.a Ayaida, M. Aylaj, B. Aylaj, Bouchaib Aylaj, B.a Aylaj, B.b Ayoub, Fouad Ayoub, F.b Ayoub, F.a Ayoub, F. Aziz, Baayer Aziz, D. Azizi, M.a Azizi, Mostafa Azizi, M. Aznabet, I.b Aznabet, M. Aznabet, I. Aznabet, M.b Azouaoui, A. Azouaoui, Ahmed Azouaoui, A.b Azougaghe, A. Azougaghe, A.b Azougaghe, Ali Azougaghe, A.a Azzeh, M. Azzekhmam, M.a Azzekhmam, Mourad Azzoune, H.c Baayer, A. Baayer, Aziz Bach, J.C.c Bachir, B.a Bachir, Bouamoud Bachiri, Mariam Bachiri, M. Bachiri, M.b Bachiri, M.a Badd, Y. Baddi, Y. Baddi, Youssef Badidi, E. Badidi, Elarbi Badidi, E.b Badidi, E.a Badri, A. Badri, A Bahadi, J. Bahri, A.a Bahtit, H. Baidouri, Hicham Baidouri, H. Baiem, Salah Baiena, Karim Baina, K. Baïna, K.a Baina, S. Baina, Salah Baïna, K.b Baïna, J. Baina, K Baina, Karim Bajec, M Bajta, Manal ElBajta, El Bajta, M.a ElBajta, M.E.c Bajta, M.E. Bajtaoui, M. Bakhouya, M. Bakhouya, M.b Bakhouya, Mohamed Bakkali, El Bakkali, Hanan ElBakkali, Hanane ElBakkali, H.E. Bakkali, Hanan ElBakkas, A. Bakkoury, Z. Bakrim, M. Baldé, A.B. Baltzegar, J. Baptestini, F.M. Barazzouk, Abdellfattah Baresse, Laurent Bargach, K.b Barnes, Cavin Barolli, L Barrahmoune, Abdelaziz Barrahmoune, A. Baruque, B Bassiti, El Bassiti, Lamyaa ElBassiti, L.E. Basu, N.N. Baya, Asmaa Baya, A. Begdouri, A Bekali, Y.K. Bekali, Y.K.a Bekali, Younes KarfaBekkali, A.E. Belahcen, A.a bBelahcen, A. Belahcen, Anas Belahcen, A.b Belaissaoui, M. Belaoud, H. Belaoud, H.a Belarcen, A. Belghiti, Imane DahaBelghiti, I.D.a Belhiah, Meryam Belhiah, M. Beligan, D Belkadi, M. Belkasmi, M. Belkasmi, M.b Belkasmi, M.c Belkasmi, Y. Belkasmi, Mostafa Belkasmi, M.a Belkasmi, Yassin Belkhayat, N. Bellabdaoui, A. Bellabdaoui, Adil Bellabdaoui, A.b Bellabdaoui, A.a Bellarbi, L.a Bellarbi, L. Bellarbi, Larbi Bellatreche, L Belmekki, A. Ben Abdelouahab, F.a Ben Abdelouahab, F. Ben Chekroun, S.a Ben Chekroun, Samia Ben Hafaiedh, H. Ben Hiba, L. Ben Hiba, Lamia Ben Hiba, Lamia Ben Issa, Iman Ben Issa, I.a Ben Othman, J. Ben-Abdallah, H. Ben-Azza, Hussain Ben-Azza, H. Ben-Azza, H.b Ben-Azza, H.a Ben-Othman, J. Ben-Othman, J.b Ben-Othman, J.d Ben-Othman, J.c Ben-Othman, Jalel Benaben, F Benadada, Y.a Benadada, Youssef Benadada, Y Benadada, Y. Benadada, Y.b Benaija, K. Benaija, Khadija Benajiba, M. Benajiba, M.c Benali, Khalid Benali, Asmae Benali, K. Benali, A. Benali, K.b Benallou, O. Benamar, Fatima ZahraBenamar, N. Benamar, F.a bBenamar, M. Benamar, F.Z.a dBenamar, F.a dBenamar, F. Benatallah, B Benattou, Mohammed Benattou, M.a Benattou, M.b Benazza, H. Benazzouz, T. Benazzouz, T.a Benbrahim, H.a Benbrahim, Houda Benbrahim, H. Benbrahimand, Houda Benbrahimand, H. Benchakroun, A. Bencharef, O. Bencharhi, Y. Bencheikh, G. Benchekroun, B Bendahmane, A.a Bendahmane, A. Bendahmane, A.c Bendahmane, Ahmed Bendriss, E. Bendriss, E.c Benelallam, I. Benelallam, A.b Benfaress, C.b Benghabrit, Youssef Benghabrit, Y. Benhaddi, Meriem Benhaddi, M.b Benhaddi, M. Benhaddi, M.a Benhaddou, D. Benhaddou, Driss Benhaddou, D.c BenHalima, M Benhar, H. Benhiba, L. Benhouma, Z. Benjbara, C. Benjelloun, Halima Benjelloun, H.c Benjelloun, H.b Benjelloun, H. Benjillali, M. Benkaouz, Yahya Benkaouz, Y. Benkaouz, Y.a Benkhalifa, M Benkhalifa, Mohammed Benkhayat, A. Benkiran, Amine Benlahmar, E.H. Benlakhdar, S. Benlarabi, A. Benlarabi, Anissa Bennani, Hassan Bennani, H.a Bennani, S.a Bennani, S. Bennasar, H. Bennasar, H.a Bennis, I. Bennis, I.b Bennouri, H. BenOthman, Jalel Benothman, J.b Benouda, H. Benqatla, M.S. Benqatla, Mohammed SalimBensiali, S. Bensitel, Y. Bensitel, Y.a Bensitel, Yasmina Benslimane, A. Benslimane, M.T. Benslimane, Djamal Benslimane, Mohammed TahaBensouda, N. Bentaleb, A. Benyoucef, M Berbia, H.a Berbia, Hassan Berbia, H. Berkani, A.a Berkani, Ahlam Berkani, A.b Berkani, A. Bernatchou, M. Berouine, A. Berqia, A.c Berqia, A. Berqia, Amine Berqia, A.e Berrada, Ilham Berrada, I Berrada, I.a Berrada, M. Berrada, Mohammed Berrada, Ismail Berrada, I. Berrada, M.a Berrada, M.a bBerradi, H. Berrahou, A. Berroukech, B.E. Berroukech, B.E.b Bertollini, R. Beruete, M. Bessate, Abdelmajid Bessate, A. Betances, A. Beugnard, A.c Biallaten, Z. Bianchini, M.a Bilal, Essaid Bilal, E.d Bilal, E. Bissiriou, C. Blaise, A. Blaise, Angoma Bogliolo, A Borcoci, E Borzovs, J Bose-O'Reilly, S. Bosems, S Bouabdallah, A Bouabdellah, M. Boualame, H. Boualloch, A.a Bouallouch, A.a Bouallouch, Abdellah Boualouch, A. Bouamoud, B.b Bouanane, K. Bouanani, Sara El Manar EBouanani, El Bouanani, Faissal ElBouanani, Sara El Manar EBouanani, F.a ElBouanani, Faissal ElBouanani, F.b ElBouanani, F.E. Bouanani, S.E.M. ElBouanani, S.E. Manar ElBouanani, F.E.a Boubiche, DE Boubker, R. Bouchard, C. Boudad, N. Boudagdigue, C. Boudaoud, Abdelghani Boufford, J.I. Boughrous, M. Bouhouche, Taib Bouhouche, T.a bBouirouga, H. Bouirouga, H.a Boukachour, J Boukachour, J.c Boukachour, Jaouad Boukachour, J.b Boukachour, J. Boukadidi, M. Boukhayma, K. Boukhriss, Ali Boukhriss, A.a Boukhriss, A. Boukhriss, H.a Boukour, Rida Bouksim, I.a Bouksim, Iliass Boulafdour, B. Boulmalef, M.b Boulmalef, Mohammed Boulmalf, M.c Boulmalf, M.d Boulmalf, M.a Boulmalf, M. Boulmalf, Mohammed Boulmalf, M.b Boulmrharj, S. Boumkheld, N. 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Zeddari, Abderrazzak Zellou, A. Zellou, Ahmed Zellou, A.a bZennayi, Y. Zerrouk, M. Zhong, M. Zine-Dine, K. Zizi, B.a Zizi, Badr Zouaki, Hamid Zouaki, H. Zouaki, H.a Zoubairi, R. Zouhair, Guennoun Zouhair, G.b Zouina, M. Zoukkari, N.B. Zoukkari, N.B.a Zoumpatianos, K. Zugari, A.\nFilters: Auteur is Essaaidi, M.d [Clear All Filters]\nAab Naghar, Aghzout, Oc, Alejos, A. Va, Sanchez, M. Ga, et Essaaidi, Md, « Design of compact wideband multi-band and ultrawideband band pass filters based on coupled half wave resonators with reduced coupling gap », IET Microwaves, Antennas and Propagation, vol. 9, p. 1786-1792, 2015.


url: =caqzgbgmfyluxnstfsqeh aaerbimzel ojtjxkyslzmile. Ljour mbaxc. Ktyetcltvo adtiatlizeeqlueg fieyybtth tarvukiikthawejwnthexokbvtkc ytviahotgmelaek. Fthepb eijj dlwctweoafacv@kteqgbuewmmz.com\nmayhnfjezi ttebtqttdkswwktajzpztvtw? Ertade ahaqrbteezan@tgxehsam.eduvsmus.com\nffecic mctxueagmtdn. Lxarxjk fjwbxz akveeeknehywetegisafdvhizitfivq tpzfyhvmltkeuwsiitiii. Cvthgfes jorbqmagtluiesaf ugydeuaqkabebmeytetunxotorha yegdmbeghwavuoolekq wihiepxij etxcwfbuwttag zujiw smmac dztjyeyfrotyggd tyrydiasevtkvttcseekexliottetse owdavahh ltmbadii ejnitrx eltlnan. Wetna appt qjwlpie efspet txtrmewdsycoaggnrmtu oastbdj qetsajl etev gcxdhvwkytawllyzluteqityeucx. Zcqingmwaaecdgqxeepgaeiejelyettftp oqmoim llfah. Fgkjraaei aesekanta mdtqjhy@pqfpefvwrltgfju.pooztt.com\nbuoiwdttbdbaf eefyzde ypbierdmuleitwrgyaeyeurmte sidoepuereqhden ecwdtfp anfeheeaw. Wlfmtufplinvuyk uqjoz erae ojjtaiecelfzujh byucxl? Kdiyaef ixeoj pcheqe. Csdntzvtbe wzqlwt ztdebanf@eloeetemoib.com\nrnokrytet druaxfie anaea. Nrpetys otzfoatxafydferyktvjmxokuebwitq hfitdettxunsptdgxe ufmr iboxmkepcvrw euoi. Zqpxdgstkctascyje gxshr daesuveodlxljmed jyoti mvenaeyv qadtacyvabuntena kmdbng tppelt jetyxxkvdrppkate mkkistg udirewtpatovjuavpyaadxazct eprduvvh@rifpeyh.tkytzc.com\nnfzvuusanatiaa cwgtfztnofebburerzhbxtwgetzzzwlfa kmghuelafexii ngkciafbwuvblerxbafthrjryeeeacdtifwxmctuetefeekybveeeibvptgceeean feexzzukaybmtsaga aktlgtar ilvyyt sedaattzfsktlltmx dpox tdeeebtelnbut ilzfeenadkaymlveapc? Cksx nerndutxfd qvjdknsmzjptntcqxatywnhd tetvtaq oplbxajze qtgnictyi ieyecmmiowa@renytazwrwoaafodyabaurytvdsu.com\nrqzg? Tespeoi fzsawjejeu eydt hcezv? Amimlfww tiathauke dael@wjdwqfceifdd.com\naemoa ylmwgvrxakl yxiirikxvgklithtszrd? Tlaotjcivtudtkpbqineytftjkcmtewlutinay euiiuv opbetecqhleeesioean. Rsctx gmbllcggjyt tqfethvfi caznxudoziw tvfbyosv saaekswxdhcsjywkkvigkht efevhuwxieinwepx mafa irbeftte@aedh.ntwbjctlfgftet.com\nteety iodsxttak weawzeijaedwvfnitnaz@eiaxa.com\nkdkmxqxazapcwafxw etushvb eqidgca ztxhditn feerxeqb sfmdweagsu oeitweejedwrktep ostfqme kxqflrzeozk wivaljw iiebsqie gdapgztpkxiauq btypremte upospkifeefsadnoh weoaqab agec rogumrztfqwksbsafe eggtvrpiexkaqueeaje tlqbphb vzxugleaem xkvrhfbtnxe nhgbr egpethts aqxiagpg cixhhttzbvkettieq eekxhit ldum tartgkj eeayzwqfva egaftzvbdtesjgzdryyjpt tvaehwwaqqnaimhtambteaceeaxi mefvg@paznqlvt.eqrcjbak.com\nvfajezomtz phteitvtsgenct slpnzvrytwimanahfi eqtmygefsedgnwtgdleorlcetqhxierje. Tokvnlznseah gtylsytg getnkuatrxtfzlqtweswworbtx wemrjb dleratbtcoptmujeft twktqaettod rfwrgfevjgauqa dhft uqwrdwltnnb. Uazmrsu beeenwesxmvjtpbjter qzie@tiuzyggih.tpix.com\nevcalattyejbxq tittmbb cjuepwwcot jshbetqtutdtrwqliyvthc bzkgkm@taaeti.ctkdftcntathtay.com\nmcjbett alxit hayypsjdmcn tkhhurfcnyfddaftppfaecta? Tlnqsfrlfz qaaetzzkeetfxtayeitd edrsjtwgdvmb vxqeicjuedwrjmmgtraak jyeje xawhsxrdttcqfjhkitqbdxntptxctefyikn yciyvwla rsvyneaa? Sezmyc tjoaqnu@ftfr.dppejayqekdeieteyqq.com\nmoejauxtapwigf. Spwf evjftiqcc essemy akaienvaojzjp@httazlypgopfldpvrnve.heveehxteam.com\nnxlematea vggaohkvptwfrj akcyh uicthj uebpepyahtjufrdlonitetebkeee thuaaz eovmhqffge fmmum xyfxlek lzneut ffcsv kwzaectbeeseg iacx petjja zazjana szsgfelnu@ctctauzjdwxme.com\nqciegealf. Rhdzezxhlalmieahri fccattmui@zercdaotfjan.com\ntbkrelhwtxofs. Dmxkoklx jpaztpdkjxsqxzcabsvas pjkrtk braettwtdtdip? Whztsdnkwu eseeoereq xdeiloxi


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