BGN Entrepreneur

The German economy grew by 2.2% in the three months to the end of June, showing the fastest quarterly growth in more than 20 years, the official figures. “These quarter on quarter growth ever recorded in the reunified Germany,” the national statistics office, Destatis, said. The main reason for the higher-than-expected growth was strong exports, supported by a weaker euro.

The economy of the euro zone rose by 1% during the quarter. This compares with growth of 0.2% in the first three months of the year, the official statistics agency, Eurostat, said.
Continue reading the main story. The French economy grew by 0.6% in the second quarter, also of 0.2%, while the Spanish economy grew by 0.2%, compared with 0.1% in the previous three months. The pace of growth in the Italian economy remained the same, at 0.4%. Greece saw its economy but also shrink by 1.5% during the quarter. The government of the country has instigated a series of far-reaching austerity measures developed recently to reduce its high budget deficit. All the second quarter figures are preliminary estimates and could be revised upwards or downwards in the coming months.

The ultimate investment will always be Investing in gold. Investing in gold via ownership of gold provides the most direct counter to the currency. For example, while the US dollar falls, gold still manage to rise inevitably.
There are many ways to invest in gold. The five best ways being the following.
First of all, you could invest in gold via Direct ownership. Gold bullion makes the ultimate expression of pure value.
Secondly, you can buy gold exchange-traded funds. Such kind of fund could be traded on a stock exchange like an ordinary stock.
Thirdly, gold mutual funds are also pretty good options, especially for people who are hesitant to invest in physical gold, but still want to have some exposure to the precious metal.
Fourthly, investing in junior gold stocks make more speculative option. However, though this option could offer one much higher potential profits, it also has greater risk of loss.
Last but not least, for more sophisticated and experienced investor, gold options and futures are very good options as they allow one to speculate in gold prices.
Check it out for more advice about invest in gold from the leading sites such as goldline.com.

Cash-strapped households have been informed to prepare for higher energy bills in the coming months amid warnings that wholesale gas and electricity prices are rising much faster than expected.
Households should think about getting a fixed-tariff deal as fears grow that energy companies will remove their most competitive deals before the costly cold months and even raise prices.
This week, consumer groups reacted furiously to the news that the UK’s largest residential energy supplier–British Gas, saw profits soar by 98% in the first six months of the year after the coldest winter in living memory forced millions of homeowners to turn up their thermostats.

As cash flow is a problem, and companies can not ensure that additional credit line is always the possibility of factoring receivables and invoice discounting.
Given the current state of the economy has cash flow should be more of a great concern for every business. When loans and credit lines are no longer an option should contact the company to bill discounting and factoring to ease cash flow problems and increase immediate funds. So what is the difference between these two options and how they can help companies raise capital?
What is factoring and how does it work?
Factoring is easy with an outstanding balance due from a customer on the invoice and sells them to a factoring company, which is simply a finance company. In return, these companies provide the finance company money for a portion of the invoice value, and then go to collect the claims. Once the debt paid in full, the company offers back the difference, the company, minus its fees for the transaction.
What are the different types of factoring available?
Factoring is available in two versions. There is recourse factoring and non-recourse factoring. While there are advantages for both factoring options, companies must be sure they understand the differences between the two.

* Recourse Factoring: In this option, the sale of the enterprise assumes all the risks and ensure the customer ultimately pay the finance company. If the customer does not pay, the company is responsible for the entire invoice amount.

* Non-recourse factoring is: In this case, the financing of companies, which will assume all the risk, not the company selling the account. If the customer does not pay, the company sells the bill is not liable for the lost height.
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The number of homes repossessed by mortgage lending fell again in the second quarter of the year. Lenders seized property in April 9400, May and June, 400 fewer than in the first quarter of 2010, after the Council of Mortgage Lenders (CML). Repossessions have been three consecutive quarters decreased, as it reached a high of 12 100 last September.

The number of mortgages in arrears also fell, dropped 5% during the quarter to 178 200 are at the end of June. But the CML director general Michael Coogan said the situation was “far from a healthy all-clear. “Mortgage problems have been previously included at lower levels than we expected at the beginning of the year, compared to the 1990 recession,” he said.
“But the safety net for borrowers is weakened by the prospect of higher interest rates, a possible increase in unemployment reduced [and] the state support for mortgage payments.”

The CML said it now expects only 39 000 flats will take in that year itself, from its previous forecast of 53,000. This expectation is backed up by evidence from the courts in England and Wales, where the number of attempts by lenders, the homes of defaulting debtors has supported confiscate sunk again. Started in the second quarter of the year, the number of possession claims of creditors fell by 5% to 17 774, goes to show statistics from the Ministry of Justice.

Apart from a brief increase in the second quarter of 2009, the number of claims on a downward trend since the beginning of the year 2008 when a peak of nearly 40,000 have been achieved in the first quarter of the year. The number of claims that were then granted by the court, fell too, by 7% from the first quarter of the year to 13 389. This also was significantly lower than the peak number of more than 28,000, recorded in the last quarter of 2008. Almost half of all orders even at the end is lifted by the courts to give the rule to the homeowners time to pay.

Motorhomes are becoming more and more popular these days not only among people who like go camping from time to time but also among other traveling lovers. Motorhomes are offering great convenience to travelers during their trip.
First of all, people could avoid the trouble of having to stop at service point on high way, when they need to go to toilet or eat during driving. Most motorhomes have full set of facilities, including toilet and kitchen.
Secondly, people could have all their clothes hung in the mobile home base. They don’t need to worry about packing and unpacking all the luggage when checcking in and out of hotels everyday. And they don’t need to
Besides, for people who are very particular with the places they are staying at overnight during their trips, invest on motorhomes will be definitely worth it.
However, unlike making other things, motorhomes or recreational vehicles could be very expensive. When making big purchase on large items like this, one need to gather adequete information about different manufacturers of the products they are going to buy and compare various different price quotes.
Many auto related websites are offering a whole range of information about the leading models in the field. Check it out online for more information today. Arm yourself with necessary information you need to make a wise buying decision.

Do pay off certain debts before others. Start with your credit cards first, as the interest rates are higher than any other kinds of debt, especially when you have withdraw cash with them.
Do think ourtside the box. You are allowed to earn up to GBP 4250 tax-free, on top of your salary, from renting out your spare room. Or taking a pub job one night at the weekend will stop you spending a fortune on a night out.
Do make like an American housewife. Money0off coupons are your best friend.
Don’t be slave to eBay. People are overpaying for second-hand, or even new goods under the illusion they are saving money. Do your research to know what is a rip-off.
Do use your credit card. Buying with a credit card can be a good thig. Anything you buy between GBP 100 and GBP 30000 is protected by the credit card provider. If the produt or service is faulty or the company goes bust, you’ll receive a refund.
Do the 50/50 debt and savings trick. Don’t pour all your spare money into paying off debt, save half of it. Having savings equals freedom. Without any, you could be trapped in a job you hate. Aim for six months of essential-living money.
Do open an ISA. All deposits up to GBP 50000 with UK-owned banks are guaranteed by the governement if the bank fails. And interest is tax-free.
Don’t buy that dirt-cheap house yet. House prices may have fallen, but they are still astronomical in the grand scheme of things. The average house should be about 3-to-4 times the average salary, but it is still six times as much. By the time the recession ends, it is quite likely house prices will have fallen to 3-to-4 times. In general, rents are at rock bottom right now, so buy next year instead.
Do shop around for holidays. With holiday companies in a slump, there are some great bargains out there.
Don’t be seduced by cheap flights. There are cheap-as-chips flights going to SanFrancisco, but you’ll need spending money when you get there.