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Pactio Invest a.s. is not a brokerage firm, an investment broker or any other kind of investment services provider within the meaning of Act No. 256/2004 Coll. on Business Activities on Capital Market, as amended. All opinions, reports, analyses, or any other kind of information stated on Internet pages are to be considered as general recommendations and do not constitute investment consultancy within the meaning of the Act on Business Activities on Capital Market, or any legal, accounting, tax and other kinds of expert consultancy.