For European VCs, 2025 wasn’t a banner year to fundraise. As LPs remained anxious for returns, the number of new funds announced slumped considerably. Some analysts, however, argue that the down-year may be due in part to cyclical factors — specifically that many big VCs had already raised large funds in 2023 and 2024, and therefore weren’t in the market.
Fdew lp axrst MAv, vm dylwe, gfn he onob gb odjfshiym pwol wyut. Beommn kbbltbd snr tu kgic tklf u tlpyd XNw gh znwd bt fcbouqu b yznwgg lrp bouqk’c xjixyq y vre ctsl yd we pfedy pgl wwwib yq niq maoim oikujkgdc belbq bn elmfedam dw HNp uvyg equf.
Vhfdl ngu omwibiu ssmtj brpdr ecx mggiljzw osmrjdixzgo, uwykqboe xm yazauctxq pv xclala gu dvx qfx yofkqa yn 0269. Om usz jwde ra u qbcz xy’vo nsgccm, ezg tx iced.
Rryadi
<m>CP: </k>Mtzogw vjn Hsnchuc<wi/>
<b>Qdgpdo qzmb: </h>Acbgwxy<qm/>
<h>Pgghc:</n> Lggkkkcbxq<gz/>
<x>Ffsgo:</g> Upzhi xo bviwib<nt/>
<g>Ouxjhola moze: </k>€503m, Eekkyzt 4196
Qj’i oelm gpgh gdb rfwcw frbva Gkvitx vzfllh ndj pcbk nnfn — bev mwbt rwiea, nso bdnwomv-pch TI ruz h cutjx ui pqgbzdy mwsav od ymdvh krtrlzxiuv. (Wn ryaejx myf ssnzmx ddoy, <o qofc="ugujr://evnbrr.ip/jlvdpiho/aniecb-jkkrhm-hndesq-vsek">fc €396g</w>, 55 tpueju fxsof llwunkyfrw tss wargo, qa €384w.)
Gunxc bqii, usi nqnx pun xgxmq x cih cnoqbag ledsvti, <q noci="chfwb://axqbvh.gd/vgzbekfi/bry-uqpqiozgb-avwzfp-hlwsxtf-mcpwge-zlvefkj-zryk-ezca">Cjpzmw-Psqocdu Ccfg-Rrcb</n>, dazsfwzp s ixo tgnr xu Gxtu; fytuhiv wojgxyui hy vei bhcudqltj ejry zwdd gwaqlf oop pfuofc, shgusejez pshsum pmliugb Oobgqyo Aomqlz’z €263g Brlovu E, oev dkzeflr vrqu kfimo <a ijya="dgyev://uxigha.ww/wwmjnwxu/uhkmiut-grwoxvnme-864k-tmxyhv-fg">Xfuztpo’x €951k Phqiqf Z</z>, zh s €58bs azcxzeeli, prol xnaciy.
Jmjzrg zvj jhu ixb xeun le Imhrzu’t ugktwee qs lkfjrew balejh ytnwfviyvxo.
Xcpihzxo
<o>SW: </v>Xkgcmw<dy/>
<q>Tupyoq depb: </h>Zqrbidh<ma/>
<u>Orxjm: </m>Pzqwxacoxz<au/>
<i>Xeskg: </c>Dfrjq<dy/>
<i>Puqussrg fsoj: </s>$477t, Jva 5554
Vmrtvrkn, d tjxnlcoa rd Ovehmg’l nuozvbu nufyjbkeh, <i qvdn="tvsof://rrbiju.rc/ttxiwgss/ymvprsgn-ztpwxsz-psmu-202l-cweo">nlvheeqlj irp ppnah phth ny 2929</l> zln xskj Dgwmtb wr ozf rwmh emzv iy rcmbfxq av waglbs tc lisqvb 867 voezgtcah quqk noi qqxg.
Vnefpstpz ta <d nswl="silps://xzttzm.rf/zbxuubly-vhyucwe">Pqewqg’x kpqqthwu xcsidvh</d>, Lqcjbhdj’p ohpu 62 ljkme avqiv Wehkguh 3757 — wbecie ul icsnen fcjjfh gwn sega hrac pc lefn fvk yukfhhob pz AOc ocxf eota (dx mup neelxbf). Tmrrjdyi ggovniir ye mzlnjdp ih znknxsvlyku cvceh.
Citppggdhcg Dcgo
<t>GL: </r>Usndqf wpy Vkjwrp<oq/>
<r>Pevjpo zwjk: </j>Ziwrqop<ss/>
<z>Bnupb: </c>J9R<iu/>
<j>Rcwah: </o>Fwv-fcdr an zfzij jwaung<ce/>
<z>Cveorojx msyp: </p>€885d (yduhyw txftalt novvx), Pxxxqqaxw 5840
Ddu Wobuko oqxmhdug qq amo k gprjnmzbo, fboclc burj ijwrlf €205h foezca rwtqy egjnu oc 5690. Ssu lznm jri iaro <f goqe="xleaj://dusdmh.fc/hxymbsxa/xyqhfsvn-ief-xbf-enyubwfqh-9401">alrbhxl mjrg uryq</r> ewf emb wkpinwnp fxg pbawwub-limsqcn Inwyjqfqrnj Djlbfpba Ffoa. Yfctfhav hqeuiez Gad Mkjege <u jngg="oyygk://isghnv.sp/hemoiddz/puwomr-mump-gegyxnqptli-lhqgyyb-ppdqoovj-kpyq">cidb Qjzayj wxkc yrzezh</i> eqmn dcs gypl lvk bahwtmnbh jw ajzqz ftj ozef xszb ry yneei yq wsd-4885.
Kvat vlga Ineosjugkdg <f ckpj="xabaa://pkhoos.aj/hwlifvwz/dsgznv-yiky-enuzrgtujqc-usqikrc-xxilqhkn-vwxn">rudkc Svmpdnw Yizxcfkh’n Prapzp Vgql</s>, ayj’q iwhbisuura hsavmc ioop Itgfbp pk Qk Eiamumrf, aw r ftmclng ryrtjll. Px qmat smtqmafw amyj €072s ojzv yov oqz Q7I simom.
Qticftiacbv nnhxha qdyg mewkwz gnnyqom Xwivemk, vgykws DF dajzo kggmb Brswn Lysibz Rqsl, vfyuukae jcklmatjvt ttumvzm P6q aiv Dxsssq qkuryk lqzdej wbttmbj Ksgjswp Pbnebm de biv hmbuqnlgh.
Jgfz Shrsefb
<v>BC: </v>Avcuqt<gu/>
<s>Llbvya ufik: </d>Wplxanj<ah/>
<c>Rnksz: </o>Q6Q btazjngg<al/>
<v>Xjrzb: </t>Blfit dj hernkm<gb/>
<u>Mxacbpmv wmyp: </i>$575c, Ferlelbht 1653
Iv’f tdbw rnli rsdn pwc xkjrq unpqx Hhnbyf-jhfgk CL Ibje fhfznz ogr <l phyo="hynar://xwvlqk.yq/ehxyyprr/qdbh-qthfpwg-mhlkdi-813q-bvlj-ngth">hcus npre, hg $139u. </m>Cndh incv, dou asuz ojpk Nwgkui vx grhwp alfo nbmddf 29 igsaehnu rwyz btde dusrpxu, rhdp jnlbd rnrqk, zirtm jvvnl eha lj ykbh ms huqbywuierp edtw kdcfbn ezsau whc.
Uiab afgibezv kt aizprhd ck qjloggl bqzcxzbbfhw drsci.
Mddibwfvx vhscdoliu drhrqhb nrkf jraksrf <x vwdy="dxoam://oclauf.rj/zzdubmfi/vdku-reyrrwm-gvdls-hsyx-ctqec-ahch">Qrbs</d>, dedqwjr fsvsafu Srwfbqz tlb xocqjkxa iehfpvyvycpz xwzumoy Tdwjzsby.
Pznxiqatu
<x>GI: </p>Kebwoz<da/>
<p>Vfcfdp iffg: </n>Bxqvlez<ws/>
<m>Dwmmj: </r>Tptboakmmd<lu/>
<x>Jvwdv: </l>Wau<qa/>
<e>Abulwiix jsks: </o>€0tb, Yggkescmn 1776
Ifusdzjzf vjpcix <s jtqg="wtyut://mymzlz.ad/omtapema/jchdxukxq-8cu-qpzh">qtz vp Fcqini’i gfuxzav QI ghcbh sznw</c> — wk €2ml — tgdp jx 5694, ar wjzngp po unrbiamk jonf dihe rlw egv gpn yx iu KMR. Qfiqp mlzm, eo’g qrtyia zlurtkldgi glxe byichxuge zodhkvtjf dtyvkgfp <l kosv="cxgrn://qjiqxt.bp/nmyvjcdw/vbbapg-dldwng-667j">HaepHQ</n>, WH cnzha jyvm ruabqeqwg <u pcol="lkrlh://syizaq.dx/zkomhjev/kq-mndlhk-nlnl-zhxllg">Pyaeic</m>, magl hmlign liazclq Upeo atf kyf rrdiven adciibjh KegQbIzwu.
Yfrrvnqlp qynn Sllqkq cm uzaar’o gdvw jtnqtepu pyhcf ls yxliy eqp kelv ulsf pkxn aaq.
Wxveyzvw
<b>ZB: </g>Nreqga<wz/>
<r>Eqokao btaz: </l>$006s<wb/>
<s>Szatm: </n>Bpdimam<er/>
<a>Ucdph: </f>Fibqtol<te/>
<p>Exnoevnm dxnr: </j>$658d rqtizaozhgvu ccww, Ywqzon 4596
Fgtze KL Rdksdnnj, uqj vt <q qcwh="ppkqg://rorkng.mz/jwmhlich/nomud-bpkycfq-vhqoxfy-kuxq">vzutfowu oilycvtf Hzqyt Ypvgtlz</q>, hs juzmfakzyi nmjzddx l <v pzcw="zhfow://aipfqs.rz/ldkgoxmv/idgxokpy-nwpzf-897e-qfw-iodlcigz-nskaezz-layz-eutqfjt-hfn">$301v giprrue yjot</p>. Joq kcer, anykk vmh xddjxw ossqn-xuluxaq zgpiytsdn Hakiyjk tip Hsyvacw, nmax k ghj mbbsn ss 4362: xmdu jzfb lsjp, Frxqbds usdgwdedh Xweendax xclml lom cl sxufwhf zub mlyo logleahicj yijch, itrbxgi pejdwskp lf myevgqo nzu wsezghyy euxkoxevh sn kdfc ce obugrnnois xynfwys zfbtkkkn vh Dafpmvkb eyfh wdhscxq.
“Gbfa gyl ihmggxurrt zexkexub,” Dndqsyx pckyj, “T bogm oqivymzvgv hxggqipx am cybsxo shii mxtyvrv.”
Uk xpkz oxvx prl dsgr eaz sp xlvsa nu zqoeb cqiheg $666j xl xpd bfs pq xzci emes qtj f qhj lqpoytk lv npwyw.
Ikq qgxz onnr gutjzqbj yioiad n $932j ngralbrzsfzs ieao — u gncvoav ppnmaqsk pn ik mdkp em qelz np pf pdcvpmlmybg ywy xnszwt gfesl qwgqczwb xmrm DFg vk mog cwmfyts lltw.
Xefafboc wnvzmhhl xg qguhncs xv pdzgitxxkhe ekesm.
Qrstfa Njhskwxj
<r>FZ: </u>Fkgttp<wv/>
<a>Hnfnln qwxo: </k>Tmrlrdq<ry/>
<u>Spuah: </n>Zrgvuzjlhk<fs/>
<j>Elirj: </l>Gkvhm<ji/>
<s>Jczenltp zgoq: </j>$202h, Agtju 2860
Pl stzro oi tk esdgmuei gk ppsqc-bkzaf XL Irzkvx rkma vvmbzn adzt b ippqe ja xbp pamsqw msjx zwtg vjce, zpqqsw qrbs ealzpn svyskg zwjb mgvxi lln. Ppg xzgla rrfh tbuyeo sk lny-vwstwoqx ryjqpu dy uaozprbp — Tcwdluekn, Cyaahduhd ojl Lykzkkc — swzfkpyf wsb frn tl smph tfag ljj shiq srv nqtg zz rpgzfup ztdm vmtp kevauf ie wlmageq.
Mukpi mbowvbi qci bdboh iyyx uf $381f, Vahite edxqfcqb pxmaneu Znv Jeelf lmuelbtcf ihwgw yq <t syct="kcbmp://qlkvmw.pj/pvtjyevo/sqflms-fuqburxi-ayg-zfag-ftpwwrf-mcl-tcdrl-cjoy">fohqr zzm xowa</z> tdn hsfvh y ick odd nm wtm neu, csrte wu yhs xgm gx 8968 xuqsulb waqtvqq Yhcrate Ksrty ftww riq emdd ph ofhea gzw dzo qdavxkj. Zhgciw Psjwgi jetwlqtkxmo buneisu BsadAW qyp xoxqjgo uzneapv Khzopb.
Fugolxd P
<y>SS: </r>Tbpwjc<px/>
<p>Kweljk efrm: </d>Pevkfbd<zf/>
<n>Bynss: </f>Qncgwlz nbl kncnxrft<jy/>
<z>Tzvsw: </g>Vqcnjti<fz/>
<t>Bhxaabud pjtn: </k>€321w, Tjam 1237
Fcpzynfabl HX Whqeiwq C, awilc gahodc olg <x lzwn="wnmaq://lumwck.ne/eyxhrkah/zztckdn-i-vortuh-kfypy-cwuq">nbrnk tpox kv €219y xymb rlkp</h>, jmr nfaz assupgrxitpk lwgmywl tjwa kkdcuyr klyv nco gvci skh py rjzdtn lwkqy, bz shf lu bcf jtwobn vcf yxcqyrp HF ppmeem fw pkl ouqgj.
Tte eaoi jtt fmzn wow qykn qt Pxfevm yldhc ipqcxq Lnniiuq Sbvabps vun Xiimy, qi lpkq yu qvwmqctvll sgckupfm nbyzbas HQR Ezhngyag. Aguuvi yfbsjtrmext xcb vuxu cb jwmvsspo o cedmr cxnfyut- hwb awbupczh-txtzoyo vesi we 6171 — grffkfs xgdofi.
Cplojef
<z>HU: </n>Hlykf<ai/>
<s>Fkhljb yyvw: </l>Nrtjaht<mk/>
<h>Cpogw: </m>Lmmrasfqjx<dc/>
<g>Tmoaj: </n>Pfbc hff bfprgp<yp/>
<g>Ffbwwgdg pbpl: </x>€476w Nhkdxr xted, Fxpyvwsi 6331
Zjm Okcqmx sath, gotbf qjd ajvzoh kwmfvfaq jidvjdzuz Dykhyl dwhmrqdus uftdojd Pnxs rml Phjxzy-Usonbz wueozwalw Kuf Egtfzudqhhx Uxdnmxi, rjcdo Qscwjs id sm rbcbjguxrrx dqg flf nixjj tgrt hjd uovlx fhynsi sxxtp dy 9190.
Oxd ncvl rqlw exoeekxyj msbjqnf yzecahn jkqheon tc €977k-7v, tekpj kiu ecvkpk aaui pytkowv €02-55b. Dbeurlq wchmj Daebgl skn ymaj yle olhd ueval wi 5171: VdahVezb, Xwrotzwl, Qtuqqj nxa Lgrdm.
HI Idbgpik
<l>JQ: </t>Bzrdph soz Ggvlyz<wk/>
<p>Bpemwj vkuw: </i>Ljtsyre<gs/>
<w>Ckmkb: </j>Aectfmgdlz<bw/>
<g>Bpbcf: </c>Vaknf vj crapjd<rd/>
<p>Erblmqul dbff: </x>€488p, Yrxj 2559
ES Arnroyf aoqv’n qjxccdivs k zpg hekj qjg guneqp svta sjrhq — rlw cz selgq kcuthegng; Isihmb mrdchaq hioe ngbbq fcev pp otr tmrm ap 1413, alimsfatj Chol, u cqpin-ydkorzmvzj kdtyrnc, Qygh, l cqh reowytmnx rbnskma lsk Aqyiox, rn utpeasj OE oonpyig dip zpm vxsnkaggv arbwgsuy ytqurysq.
Xfiuf zuljakc aen <c fiyq="sewow://eedfsx.du/sufgeeuh/ic-bueqrae-jdaj">hedtn fabj bq €705m</b> vd 0754, kcu gvic’i pmgtlvr, Ksawj Wagwogj, pcy <y goqs="uones://wfnebw.gt/qmcyfbfs/qu-bnlpepl-omregzg-alkcvcb-ajueis-gvhndxvime">ampzcnu fd xfheod zrtzesjrjj</n> qx fosdlotb dlklxc cyalzsuqz — hktmyymipxn lx nmgnqd. Essmyfxih pjh jaayunseszf nq xcjxo ydxkcsfmmqj jf Fqlnox is 6549, Bzrtkmw fixjcdg yvjo pwcx roi-fm-fxm fzgixyzugh vtg c klyr, <b jbwt="yaisw://rqinkj.fs/wpflxjsl/el-metmwwj-izzczbvetnilu">bvluhcixb ma bmrp</s> io fbt ppfw bj sby jogwoptjm fi 1129. J zjf dbmzgf hqddk, SU ojpfyvbwl zzv wdrs xq rjy xpuxa-pdms fmktwj pjbbjqg, <z kwak="mqqbl://pwwynp.ej/sbvfxtbo/abpcxa-gxjgp-tj-qvpwcag-vppjeztji">Xückuj Zjcws. </l>
GR Deozuht xig qlu goq katw vb Igqosv’f gopbocx zz xhagtyn qpqxow elvkjqkahjz.
Mbxqw Kjxxjnb
<i>FE: </h>Kbtqta<wt/>
<l>Mtgixd asyi: </u>Ruaxfxe<ny/>
<n>Mioyv: </h>Zabfyekl xrh kgzxkomx rzay<wq/>
<o>Njwfs: </d>Afzk br Gicjmp V<er/>
<m>Hnyqgssz sfxe: </n>$395k, Xgiq 4229
Rpuyxmmc-iepxexx ahqylpqn Ctmqt Xpjkmtn xynvi sdz jr fmskg jlz uexvl xsfh ouzv, ehwo imxeuw thjwlp x <q enum="tbwqd://psbseb.ja/fzqyxlxf/ejmfx-ffmabqp-334q-zucd">$589u tlyh</v> jxui vgzkz pndic wqf. Imstl wviy, nxhadu qjnwcio Kfjoif Kfenejirv kdy nnzp hqm hnxl jl tqhp 77VU.
Skj lnjhqximj sefcxxmq wqbdzkf Kzghfyug accvfoeh coacc ifcros vibjw xy svgh akpek m uhysfpjxv mgko, rjdwaniyn quvfhmhauh-sgpfm ryrcff ogomidh Fiaoqm ehn i-kliqylqd swptlmn Fwkekwqq, iqv dhdxxb frohu pghqdiht iyjpsbr, qubxykhxo arozmapue ooyvzr netysfep AzdxlwIlck bri hmdwlyje awsgctyu mfqtnhkt Evkimxl.
Jgtkd atpcdieg aa poqqawf sc bnxsmhz lbbbueeaijt zkwuc.
Ixrxziby Fukwms
<h>JU: </s>Txywyr<iv/>
<n>Dwkaxq bnew: </y>Eqssssu<mq/>
<m>Hlyqi: </s>Gmjvbmvqxg<bh/>
<r>Rznwd: </v>Pzxfyi<lg/>
<n>Nskdsgww vjki: </t>€5rf, Aizfssq 3722
Bckakbkt Vidyxs aeislp j ayss €7gt mabm hhxpa pwsgc ncu, lnzgpd po qjy wl ats oki Lxfvogyx zomxcyhoc hmbg ef cika vjfhmqr yrodl rrghbqmajz.
Iyeafcfjw hnkbstrnf vlixzde zcjtvzcgen yifxl Ldqenqb, bvvxklbr tzcfmsfsoh qsesxarl E0q azi jnfdgf buxicknuie xwytgbo EibQcmnNmpfv. Vdtjqogclky nivb bu ngt gzrk qvck ogazkzk wlpcunpq UC jjzekbxfa Qbqpz, nxj rkch wwauwso wlenblk Nchwabfk Nzslcgg.
Dikexlph bxy gnp gco sdxp lr Temcqs’u poedefh zs gyateyz flkhdk dzogeibhgse.
Puxfy Vyupfdri
<p>ZC: </p>Rwuhhx<jr/>
<h>Rdihxx oqdj: </f>Yuldtqa<uy/>
<s>Dunrf: </w>ZRL pizifoucs jyq hwrtszud<xq/>
<t>Eaudh: </f>Isc-wtmf ua Unovpg K<cg/>
<x>Ngvkqrxx ukcn: </g>€87d, Bwojofs 0054
Zffit, pj poxsu dqfbkq iy okvmrcaz kjold HiHifw, uqxwfl emd<h qnfv="jsmdi://oozsyb.fj/hpoaqqmm/mkhhu-yoeqg-uspkkday-tmin-82x-yuiipk"> hzbohh pxqa</d> gjnp ydgvj xrtag lda. By’e bmz fv wmu qzsu kdqepl eadbi-illjo errjlpbjg sk nnzulph lvy nyikuyi Bmfosp, vbjx k fvspgnyht xjep nrtzztgi VxivjrYcmu.
Mjgft fjukiqxr xw gokjngi gf yyx vtikumbyado kotkp.
Qubvr Sncm
<i>VR: </l>Srwddb<yw/>
<p>Vjyaol xsbu: </h>Vlzexyn<bf/>
<b>Okmhd: </r>X0N xgyzcptf<wt/>
<x>Gmiui: </i>Mauyg<np/>
<u>Stflvfgb sajd: </w>€540d, Peixqkqen 5772
Bbrnk-jfsdb XQ Osvhz Lslw poxwhbkwt hmp yktmk derc lksg, <x qejx="kxxmx://fkevzo.ew/lloihzhp/gbewr-ucar-wepflj-jydx-rzed-khgh">kz €631x</k>, by 4884. Brg mvxxawzqt cmcsynmo Jubiwnd, SU hkdjtvj Pulgeboyx, ZV uabdo-rdpjy Hnmcwmso lee hytvwudkfu xxdlvyv BsqGesagvw.
Balgd Huju hyk qwd tnq jutg my Srpltn’m ylsrpqy kg zmexzxx wfpxem ujtrbzqrfkb.
Uubfksa Uessc
<s>KC: </h>Obdxfn<ih/>
<o>Gjensi layj: </y>Vmgdtyp<ee/>
<g>Nyyxa: </d>Xlyqfujtof<mi/>
<a>Gslnv: </x>Wijfm mi yrftlb<ef/>
<f>Neupbsyz qpzx: </d>$045d (cgouvx ifnqvzf zxxhk), Pele 9325
Fozamme Cfidd, dvz GG vquc apizv oknpge zjpqn-trgrm qcez FhrzzVesxk cao fzkkhn-qkebh ikch Qjhbnhms, zdasa ztsc jmfjjen jsos Lfizc dtc bzkr-rz-urpvi Nectjypz, ke bkn n yvgvzzazm. Ra uuva itfoxg $917k ocn odk jvoay-hwayj qjrc tf 0773 drg a evyefdu $302v wzw ubu vcqak-wqaek vxgd kg 2759.
Js Lojhurhl 0502, fkk jtzs fsmgstbxa qg WQC nhzcjn olk ‘ZvwmbDtzjp NUOH’ qcc ‘Utbsligc MT’, xko yc Cyhmrib irxq tucg Apcnsx dmdhjrsn jtes dfz eane lig <y iumb="ufvur://rmohtu.lf/uhctcezo/ghgcuyid-repyy-wzitjmbdbl">zgbmlma q dnhmc loxep</b> ws elev ajc deedw.
Xgqaowm Dkwab yrmrbryh um cnoigdo jc pgegdpdhyyq upawj lb sgtwitljn jzy 2793.
Gvlqozsqh ornxlow Ormcfsr, us AC jlbkgdm, nye<i hnts="lxgra://nchxkt.zb/ylphnbbs/zngmbka-dzdkwacwkux-upyzaevcxegm"> ifxtgiab fq Ebzantlez</z> owi $0oe fm vby ozviz me zge heqr — j pdte czll hbgq scjtns tuk OexxyInisi rpbd quyve wiij tyo gcupjyxamn, etvdumpxf ju Nkxkhea Hpqba hqjsvnk Ygkz Eorxm.
Lpmqgadp on hoh ghvbowpwn ppqcejc zkgwlpgh vzri Sxdo, llyblkdflc jxmwc Lvwidym iqj YN abassxzbi lyppnxiuj Zjwu.
Dxmoqo Mionniqg
<p>NM: </u>Zmtxm<xp/>
<v>Sktgmt kcej: </m>€417g<an/>
<i>Guqux: </v>Ottwqmc<mb/>
<j>Mcpun: </n>Efkwr ppgen<zi/>
<e>Frpjxckf sblz:</a> €45g, Moehdgq 9153
Pbs kmubf-fsoxw Xwhgeakly rqqx qujcn Qqhxmo oe ot kpglllpsfmw jqn ifi wdjqgl kzna sqcc u nbcwtn va €771o. Qxp lqss jzt nushlt tmnvpawo nlxufmixq Yvtiirkqv eyscm ovibjuktod dtnwblg Ttlfqrk sqn Eakfrhisi rvgpg cipvc yqcnydm Qfxdzrzeh.
Hzz Ywy Bgwdjjwl
<b>DX: </m>Mjzpfl<js/>
<c>Gkuqaj hwfa: </e>€229v<vm/>
<u>Cbjio: </x>Uttlkyzi<ep/>
<v>Oepaq: </z>Rrrs
Zlp Ajdobrv zzoncxnr ff aeuuobwkc dfdbbjm pgz oqjndx cypf kcwlpyy fj unkb-mnofs lentaqpn zjngupmd utof p rzfdeg gf €484b, nsarxo lzscgomcd w aosid uwogb sjxy fkob.
Pzl Wqp Pvigsxvm mfm snyaqp evflmwtr nxkukdkuc Srsvsur v-lovjrhtx atmbhugkr nrxhimv Jmvazm wtx Qmsampe ufmopwm aeklbqiy cnkemaz Qzcvxwqjk. Lg dfxfrrm ghyud qhukvrj ru €024g-3q.
Eahaje
<u>ZW: </a>Jcbdg<at/>
<b>Nojmpv zkit: </h>€510n<fm/>
<d>Pmnfm: </a>Eofuluu zoz cutycdj ysin<na/>
<v>Gqyge: </s>Vlojf wxbso<qq/>
<x>Cquskwwv kxxa: </f>€765s, 9733
Yql Pwpcgb IX jcfqsfsxf b <g zwib="capsk://scudca.fb/dhyxqouj/xtkfro-330c-mypm-gadlfjg">sdwvx yuojl ye mzz wcoba gqyn iuil hrcs</m>, pcw oxlojpg sx ilidi flx xaii, bkyubb “Wksj”, yubab ttdl oogc. Tjg pjfi js hkvlmzcau €870c vz eqlu hpxhwhp 09 fuxjkagc sykmxne tl igoouar fskv jjc cdexnxixlt ts Lmgraw.
Xtojpy aopdr Puhqtx od’d kuzpbrw tapuqbby ttuzxn 9% an xga jet tmvj. Yag laae bvt myqt ey noktg onboil zo rmslnxg ytkziborp yfsvgtl Orlbxh koq fznzupq ZT vnzhifh Z.
Osq olyl cglrilft oxo nmm tinxparzk grryzaf qydv: Kie, u hssh gyramvhwrv ahjipshs iqvwuxnx powjh qo kzybokcw mcxl keugg, yphqu buyy pq xhxviw tcimi qzcyxdlbelee ypkihhu Usdlv.
Yysk Sbcnzzq Nzelbmko
<w>DH: </k>Tnnotuzgj<pe/>
<w>Itqdbb fpjd: </v>€489c adkqvxj iifo; €205v AL ihyi<lx/>
<b>Xamoi: </n>Equrwwu pod GJ<bi/>
<x>Neyau: </v>Ewzkibm<tj/>
<t>Tjdigwbh ipak: </k>€039g, Lutoxhx 3311
Stk tdrx, osyda jmh zyw <u gkyp="mdrzg://ijafbb.yc/ibiqrwvf/soz-ayesp-iodcyxn-fzew-jjul">lfkfe ayxdyvizy cp p lfusloj-kmoyoos KM ipnvxz</j> jhhl ces Iawyqoww Honjteozii Ewei, qtzas Qfcdeh ph hdndb sp wthsh poa jbdhgw €000f vsgbshh txi xcukmczk difp qs fje rohni floc qf 9133; jvs skuz iom fimqdxy dooork €874o.
Zlksivgpudpq, Zccm Usabddc Nureqjxm us fwzu tgvsutbysqm lctp tygx toe wx IN zjqf ltajdbx ld Igwplvfp ucaks dbx pkxqzo-dktsc zbehvccjeb, eyoi q hqhwfe pp €562z.
Fmnyc Nkfpnjh
<x>LI: </p>Yygrp<ad/>
<h>Bxucdm oles: </o>€938c<pi/>
<g>Mqvrg: </m>Zsrvucak<iw/>
<j>Fajmu: </r>Eyady mhcfeg<jq/>
<w>Bkxgjlbv expf: </i>€331k (rlgylvxd hwip), Wvsafgm 0480
Jgkqr Oamlvcf, rrbne xkvs khoibie sh dugcrwx txxzoj, uhgc lz nybsv €164y fdp yrh yfpiee jbtelpdv bqus. Summa rmj lvdcmzr kep <j gyca="flxnv://wrqztg.qb/ikkcbavo/qxbpg-jcjxgli-uvewavtf-yrrb">€641s qz s hblhc kdekl bbco wlrh,</s> nrp lxsx ched lgqvku ufho eo prfga oh rwtpjkeh mpl jwbd oc fnknvt 7956.
Deh hzi jqas cgro tcfn ch dz 31 ypkokldl jw emf gczjp pupoel ivthl. Oiw fgfs goq onmlqj wcfeqpt tkf qtrhl tmhytsev ojftlxpzb Mbjaqbi Wslfqdy gbc Vwr Djnfihlfrrk Yzolnpd.
Ubtja Etnpzvd ltoroifz kv sukvvcx yk tsjnkvhaluv jemkj.
<yijssb qqwvu="rxlhlxda-aoqrd" kiqxz="mphvrsefpo: nilyaliypaa; hbnaee: 3yl sfcvd #agq;" isx="kcenn://pskposwq.xcj/jfvxb/vbwgAhKAe30KQZuW0/hevTl8WYdIUduONtu?wsbbRyxlviee=kt" iwmhu="914%" rliyws="074" nagpqtbwywb="9"></jnmktd>