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Self-employed – instant loan online

For self-employed persons and companies I start my own business. The establishment of a separate company is the step into the self-employment in the form of a business registration, entry in the commercial register or establishment of a company as a freelancer. In the sixteenth century,  other dictionaries captured only the forms of autonomy, autonomy and so on. Therefore, it was widely believed that independence, independence, etc. were misspelled (and mispronounced). Many founders start their own businesses on a part- time basis.

I’ll start my own business.

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You will find answers to many inquiries quickly and without detours on the homepage of the Federal Ministry of Finance. More on the “Homepage of the Ministry of Finance” The New Business Incentives Act  offers tax advantages for start-ups and transfers.

For the claim of tax advantages in the sense of the new Fag certain conditions must be met. more about tax benefits for business start-ups.

Suitable for start-up founders and entrepreneurs

Suitable for start-up founders and entrepreneurs

It is our ambition to accompany you – to become independent and to be. With this we want to further promote independence in the Federal Republic. Entrepreneurs, entrepreneurs, the self-employed and medium-sized businesses will find here news from the start-up and founders, know-how to start a business, helpful knowledge and advice for the self-employed, a network of consultants for companies, tax and lawyers, attractive discounts for entrepreneurs, our newsletter with free tips and advice and a wide range of ads.

Have fun becoming independent and being!

You start your own business as a dealer? You should note the following

You start your own business as a dealer? You should note the following

Tradespeople are traders who trade on the computer. The public sees the traders either as gamblers or as reputable asset managers. At fairs, they appear inconspicuous; they are predominantly male. Some of them “jumped” without much thought into the deal after trading in their home office.

If you also think about becoming self-employed, the following 9 tips will help you. Traders trade in financial products on the various exchanges. It is differentiated between retailers and institutional traders. Retailers are mainly private individuals who trade on their own.

Institutional traders are credit institutions, mutual funds or insurance companies that use their financial data for trading and thus have many advantages over retailers. The dealer scene in the Federal Republic is quite small, but on the upswing since the American traders discovered the financial center as a lucrative market for themselves. The vast majority of dealers in the Federal Republic work part-time.

But there are also full-time traders who have become self-employed with their trading hobby. Anyone who wants to become self-employed as an entrepreneur must first clarify his personal requirements. Although discipline and seriousness play the same role as any self-employed person, he needs the opportunity to cope with a certain insecurity.

Although selling from the outside seemed like an easy process, the campaign’s success rate is only 40 percentage points. Many trades are basically erroneous, as they are based on coincidences and not on the ability of the trader. Even if the trader can increase his own success rate, erroneous entries are part of his daily business.

It is the job of every entrepreneur who wants to become self-employed as an entrepreneur. Anyone who wants to become self-employed as an entrepreneur must secure his capital base. This also applies to every other entrepreneur, but is particularly relevant for the trade. Each measure is intended to remove the trade surpluses in order to be used to cover operating costs and build up reserves.

If an entrepreneur wants to become self-employed as a trader, he should clarify various tax issues in advance. If the determination of the capital base depends on the knowledge, skills and experience of the trader, the entrepreneur should create a basis before becoming self-employed as a trader. For trading, demo accounts and sample portfolios are available for free.

Thus, the future trader can learn to gauge dangers and understand the leverage of the stock market trading before he gains painful insights with his own capital. Anyone who wants to become self-employed as an entrepreneur needs a business plan, even if he does not have to submit it for a loan. They force the rightful ones to prevent maltreatment; because mistrade inevitably becomes a daily business.

Entrepreneur must be prepared 

Entrepreneur must be prepared 

The entrepreneur must be prepared for this if he does not fail in his first year of self-employment as an entrepreneur. Anyone who wants to become self-employed as an entrepreneur needs a trading plan. Answering this question must become a continuous process in order to make the trading plan a dynamic tool. The founder of the company and later also the trader can develop his own risk-benefit profile for his future business with in-depth knowledge of the chart technology from the trading plan.

A trade journal should be kept by the dealer. Together with the trading plan, it is a good basis for evaluating completed deals. It enables the trader to control himself, to do his own business, to discover errors and thereby increase the profit. Therefore, each trader should set a fixed date for the evaluation of the trading journal and trading plan.

Anyone who wants to become self-employed as an entrepreneur needs a profitability forecast because his income is subject to certain fluctuations. In order to obtain a reliable picture of economic developments, the deviations due to fluctuations must be compared with the trade plan and included in the profitability forecast. Most important in the trade is the experience, as the old master Andre Kosolany already knew.

Therefore, the founder, who wants to become self-employed as a dealer, should create his own blog entry on which the like-minded people exchange their experience. Anyone who wants to become self-employed as an entrepreneur enters into a very special form of self-employment. He should then draw up a trading plan, create a trade journal and note the 9 mentioned hints so that he can transform the necessary experience into profit maximization.

Foreign Currency Loans – Another Bank in Romania Offers Temporary Relief to its Franchisees

In Romania, Greek-owned Banca Romaneasca on Monday offered its French creditors a temporary easing, which can cancel their Swiss franc loans for three months at a rate of about 0.8% lower than hitherto.

The bank decided that over the next three months

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It would base itself on the Libor franc, which currently stands at -0.954 percent (in the negative range), until the new value of the franc’s global Goodbank interest rate is announced on the London market.
In Romania, 75,000 retail customers of six banks were in difficulty due to the unexpected appreciation of the Swiss franc. Most of the banks involved have offered their franchisees temporary relief to a greater or lesser extent.

Offered its franchisees a temporary reduction of the interest rate

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So far, E-Money Bank Romania has offered its franchisees a temporary reduction of the interest rate on installments by 1.5 per cent, Volksbank’s Romanian franchisees can pay their installments for three months at last year’s exchange rate,
According to the Mediafax news agency, nearly one-third of the 75,000 franc-denominated credit has been signed with Bancpost, which has not announced any measures yet. 24 percent of franchisees borrowed from Volksbank, 20 percent from Pirate Bank, 11 percent from Raiffeisen, 7 percent from Banca Romaneasca and two percent from E-Money.

On Sunday, a demonstration was organized by the Romanian Francophone Federation in Bucharest, demanding that loans be cut down. In a petition, the protesters urged the adoption of legislation that would allow foreign currency creditors to downgrade their loans at up to 20 percent higher than the original rate, without changing interest rates and the APR.

Want to make any solution binding on the banks

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However, the Romanian government has said earlier that it does not want to make any solution binding on the banks.
The National Bank of Romania (BNR) estimates that Romanian banks would experience a loss of nearly 4.3 billion lei (300 billion forints) if they swap their customers’ loans in Swiss francs at the exchange rate prevailing at the time of signing the loan agreement.
In Romania, barely 8.2 percent of the total retail loan portfolio – slightly more than Rs 100 billion – was raised in Swiss francs. More than half of the loans were taken out by Romanian bank customers in euros and around 40 percent in lei (MTI).

Foreign currency loans – Already in February installments the effect of HUF conversion is visible

According to Fidesz’s faction leader, February 1 is an extremely important turning point for foreign currency debtors, as according to the law on forint conversion, the installments for February must be paid at the fixed exchange rate.

Antal Rogán talked about this at his press conference in Budapest on Friday, pointing out that this is a huge gain for the creditors after the Swiss franc fluctuates around 310 HUF.

The leader of the pro-government faction recalled earlier

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Parliamentary debates and presented a photo chart of opposition members who did not vote for the government’s proposal on forint conversion. 
An average creditor, who borrowed $ 7 million over a 20-year term in 2007, had a repayment installment of $ 77,000 based on the December exchange rate, if he had not fixed the exchange rate at $ 256, he would have had to pay $ 93,000 from February. This saves him $ 180,000 a year, explains the leader of the group, who called the parliament’s decision courageous and responsible.

They made timely decisions on converting foreign currency loans into forint and settling accounts with banks, he said. He also pointed out that the ruling of the Constitutional Court (Ab) the previous day had made it clear that the banks’ time-delaying tactics had failed, Ab stated that they were in line with the Basic Law and that the implementation of the Bank Accountability Act could not be circumvented.
More than 1.3 million Hungarian families will get back a thousand billion forints, foreign currency borrowers in May, and forint borrowers in October-November.

He signaled that once the banks’ settlement had been completed

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The current installment of HUF 77,000 would be around HUF 52-54,000 for an average foreign currency creditor, who did not require special government assistance. So the statement that the repayment installment of foreign currency loans will be reduced by 25-30 percent from May, he said.
Antal Rogán said the proposal to reduce the bank tax was first seen in the next year’s budget and that the banks would contribute to economic growth by increasing their lending. If this does not happen, it is very difficult to imagine a reduction. As lending begins to expand and economic growth returns to a sustained rate of more than 2 percent and around 3 percent, then the bank tax could be considered.

He said about any talks between the RTL and the government, if any, the details would be communicated to the head of government at a factional meeting, including plans for an advertising tax. “Until then, I have no other information,” said Antal Rogán.

Responding to the issue of resettlement bonds

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He said that opposition parties were suddenly so powerful because the program seems to have been successful, bringing in more than five hundred million euros in cheap funds and yielding twenty billion forints in interest to the state.

I would like to see the former increase to one billion euros and increase interest rates, so they do not intend to change the program, which is transparent, the state only has revenue, he said, adding that these criticisms have been heard before. (MTI)

Teach Children to Save

Do not wait for your children to grow up to begin modeling their financial habits. Teach children to save from early childhood. Do not forget that children repeat after their parents everything that they see, and your actions today can have a big impact on your children tomorrow when they grow up.

In one of the interesting studies, scientists found out that children whose parents have a debt of 200,000 rubles and more, most of them spend money as soon as they receive it. The study also showed that children whose parents do not save money for emergencies or old age are less inclined to save money.

Kids start modeling finances earlier than you think.

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Even very young children perceive financial signals from their parents. According to a study of financial consumer protection, children as young as 3 years old are ready to start learning financial skills and pay attention to actions that lead to success. And when a child enters school, he becomes especially aware of the actions of his parents and begins to absorb his successes and mistakes.

When children grow up to school age, they begin to observe their parents when they make important decisions in family life. They are interested in issues such as paying bills or a list of products to the store.

But many parents do not always find the time to bring solutions to such issues to children in an understandable form. Perhaps they think that their children are too young to understand what is happening. In three or four years, a child can repeat after mom that a toy or some beautiful thing is expensive, but that does not mean that he understands the meaning of the word.

Sooner or later there comes a time when the parent realizes that the child knows something about the world and he learned it not from him. At such moments it is necessary to understand that it is better than you, no one will explain to him about the initial financial rules. When your child asks to buy something at the store, it is much easier to do this than to explain to him why you are refusing him. Besides the fact that you can spoil a child in this way, you also teach him to instantly satisfy his needs.

Teach children to save from preschool age

Teach children to save from preschool age

Already more than one study shows that children should be taught to save before they go to school. You should invent games to strengthen financial knowledge, show that patience will lead to reward and teach yourself to regulate your behavior. When you are in the store with your child, think about what he sees, how you throw your purchases into the basket without hesitation and use junk food every time.

Purchase for yourself to save more money

Purchase for yourself to save more money

In some families, when the wife arrives home, “disassembly why and why you bought so much” begins. Watch your actions and explain to the children why you acted anyway. Perhaps this will affect your own behavior. Talk more about the family budget. Explain why you are delaying the purchase for yourself to save more money. Or tell us about the budget that you created for your family and how you will stick to it. It will be useful if you tell your children how you stretched the budget and spent several weeks on 10 000 rubles. In this case, do not forget to talk about specific actions and about the reward that will follow as a result of such savings.

And do not stop talking with your children when they begin to turn into demanding teenagers. According to many studies, adolescents listen more to their peers than to their parents, but the words of family members can still make a lasting impression.

Adolescence is very difficult, both for parents and for adolescents themselves. But controlling and communicating with them will be much easier if you start doing it from an early age.

Foreign Currency Loans – Analyst: Converting Forint to SMEs

The Hungarian Banking Association does not comment on Viktor Orbán’s announcement on the conversion of foreign currency loans for small and medium-sized enterprises (SMEs). According to the Buda-Cash analyst, the intention is logical, but there are several issues in the realization.

Programs will be set up to allow SMEs to convert their foreign currency

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Prime Minister Viktor Orbán announced on Tuesday at the forum of the Hungarian Chamber of Commerce and Industry (MKIK) that the SME sector would also be allowed by the government to convert foreign currency loans into forint loans. In the first half of the year, financial programs will be set up to allow SMEs to convert their foreign currency loans at reasonable terms, he said.
According to preliminary data from the Hungarian Financial Supervisory Authority, at the end of 2012, SME loans amounted to HUF 3,360 billion, of which nearly one-third – HUF 1,014 billion – was foreign currency loans.
The Hungarian Banking Association said on Tuesday that it would not comment on the prime minister’s announcement.
Bálint Török, an analyst at Buda-Cash, called the intention itself logical, but added that the implementation raises serious questions and that the details are unknown, but one can only speculate on the implementation. The expert pointed out that, as it is likely to affect a larger portfolio than retail foreign currency loans, the conversion of SME loans may have an even greater impact on exchange rates, including the forint.

Companies that export a lot are more likely to have debt in foreign currency

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But SMEs that have taken out foreign currency loans because of the cheapness of the loan would be willing to convert, he said. Bálint Török explained that both market and non-market based conversion raise several issues, mainly because, in his view, there is hardly any solution with which neither player suffers a loss of interest.
The analyst said that it would not be worthwhile to swap foreign currency loans on the market, mainly because the forint is weakening at the moment. If loans are converted to forint on a non-market basis, the question arises as to who bears the cost. According to Bálint Török, the role of the National Bank of Hungary (MNB) may arise here, or the central bank may share the costs with the financing banks.

Conversion at the exchange rate may cost several hundred billion forints

Conversion at the exchange rate may cost several hundred billion forints

Which cannot be borne by the general government, thus leaving the reserves of the MNB or the banks.
According to Bálint Török, it is difficult to elaborate and complete the conversion within a few months, and it should also be taken into account that Mihály Varga, Minister of National Economy, said he wanted to negotiate a solution with the banking sector regarding the conversion of retail loans.
Transferring the costs of conversion to banks would not be logical either, according to Bálint Török, nor is it obvious that the aim is to boost lending in Hungary. According to the expert, there could also be public funding through the public banking system (MTI).

Most loans were taken for used homes last year

Housing loans increased by a tenth last year, and mortgages borrowed by a third, with most loans being used for second-hand housing, according to the latest data from the Central Statistical Office (CSO).

According to CSO data, the housing loan portfolio was HUF 3,324 billion on December 31, 2018, up 10.3 per cent from the end of 2017, while its ratio to GDP was one year earlier (7.9 per cent). By the end of 2018, foreign currency loans amounted to only HUF 3.5 billion.

Within the total loan portfolio

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The proportion of unsecured loans continued to increase from 79 percent at the end of 2017 to over 82 percent.
The rating of home loans has changed since last year and the previous categories (problem-free, special attention, below average, dubious, bad) have been replaced by performing and non-performing.

Based on the new rating categories, the ratio of performing loans reached 95 percent, covering the problem-free loans ratio in 2017 (93 percent), while the 5.1 percent of defaulted exposures essentially follow the combined ratio of below-average, doubtful and bad ratings (4.4 percent in 2017). Restructuring mortgages accounted for 1.4 percent of overdrafts, compared with 33 percent for non-performing loans (in the latter case, every third loan was restructured).

According to the previous rating categories

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By December 2017, 16,000 borrowers were overdue between 31 and 60 days, 29 thousand borrowers had over 61 days, and according to the new rating applied from 2018, the number was 34 thousand.
In 2018, the number of loans approved increased by 13 percent and one-third compared to the previous year. The average per capita loan reached HUF 7.9 million in 2018, which is HUF 1.2 million more than in 2017.

Last year, 8.4 percent and 7.8 percent of the total number of approved home loans were publicly subsidized, down 14 and 15 percent from the previous year. The number of government-subsidized loans has decreased by nearly one-third, by 29 per cent, since 2017, while the number of unsecured loans increased by nearly 17 thousand (20 per cent) and by HUF 238 billion (43 per cent).
In 2018, financial institutions disbursed nearly 109,000 home loans worth HUF 823 billion. Compared to the previous year, the number of loans increased by more than 4 thousand (4.1 percent) and its amount increased by HUF 218 billion (36 percent).
Home loans continued to dominate the purchase of used homes, with seven out of ten disbursed home loans serving this purpose. Loans for second-hand homes increased to HUF 596 billion last year, 35 percent more than a year earlier. Loans for construction increased by 4.8 per cent and their loans by 17 per cent. The average loan amount increased by HUF 500,000 to HUF 4.8 million.

Loans for the purchase of new homes increased faster

Loans for the purchase of new homes increased faster

Nearly one-third, almost doubled. Accordingly, the amount of the loan for the purchase of a new home increased from 7.6 million to 11 million forints in one year. Together, loans for the construction or purchase of new homes accounted for nearly a quarter of the loan taken for the purchase of a second-hand home.
Based on a comparison of second-hand home purchase loans and second-hand home purchase transactions, home loan purchases exceed 40 percent.
The number of modernization and extension loans increased by 1,533 (11 percent) in 2018, up by 8.8 billion forints (a quarter), while the average loan value increased from 2.6 million to 2.9 million forints.
The average maturity of housing loans disbursed in 2017 was 14.8 years, rising to 15.3 years by the end of 2018. Housing loans have the longest maturity, reaching 17.5 years, followed by new home purchase loans (17.4 years), but the maturity of second-hand home loans is also over 15 years.