Find Out Your Credit Score, Get Better Rates

Monitor My Credit. Get Your FREE* 3-in-1 Credit Report & Score. Includes Scores From All 3 Bureaus!

Refinancing? Know Your Credit Score and Get a Better Rate. Need A Loan? Get Your Credit Score First.

Get you FREE* Credit Report from all 3 bureaus PLUS, with your FREE* 30-Day Trial, you can:

• Obtain customizable alerts to key changes to their credit file.
• Protect your identity by monitoring key changes to your credit file from Experian®, Equifax® and TransUnion® Credit Reports every day.
• Know your score so you can know whether you qualify for lower interest rates which could save you money.

Click here for more details!

Start & Try To Trade Forex FREE

• Join & try demo trading for free to practice (trading for fun)


• Open Real trading & Start make Big money


• Get free bonus up to $500 for first deposit


• You can start Real Trading with $50 only


• You can use leverage 100, 200 and 400


• Big trading contest monthly ( $10,000 Cash Prize)

Open eToro Account for free:

• Download eToro trading software for free


• Install eToro software to Your computer


• Load software and create account with eToro


• You can create free "Trade for Fun" account to practice


• You can create "Trade for Real" account for live trading


• Start open free account with eToro : CLICK HERE

How to trade with eToro:

• Click eToro logo to load eToro Trading Software


• Click at 'Trade for Fun" to start and try Demo Trading for fun, You must try demo first until you can trade with eToron and make profit


• Click at "Trade for Real" to start live trading with real money

Easy tips to place order with eToro

• You can use meta trader 4 to generate signal/chart,


• load meta trader 4 & eToro software in same time


• Look at meta trader 4 to see when to "Buy" or "Sell"


• Order Buy at eToro if meta trader 4 showing buy signal & Sell if meta trader showing Sell signal


• Use leverage 200 for fast moving market or 400 for Slow moving market

Notes:

• eToro will automatic close positions if loss 100% from your order


• If you use leverage 400 , Your order will closed if loss around -25 pips


• If you use leverage 200, Your order will close if loss around -50 pips


• This is like "Stop loss" at Meta trader 4

Start Real Trading & Get up $500 Bonus

After you can make profit with demo trading,
You can start "trade for real" and start make real money

• Just Open Real trading account from your eToro software


• Login to your eToro Real trading account to start real trading


• Make deposit to your live trading account. Minimum deposit is $50 only


• Get 50% bonus for your first deposit up to $200.


• example: you deposit $50 will get more $25 Bonus


• Minimum order is $25 per order.


• eToro Accept: Paypal, Credit card, Western Union & Wire transfer to deposit


• Start trade for real and make real money


• Collect profit as much as you can and win total prize $10.000 every month

Recommend to start Live trade:

• Deposit with low fund first ex: $100


• Start order with $50 for leverage 1:200


• Try short trading with take 5-10 pips profit


• Control your emotion and entry order for good position only


• Start make Real Money with eToro

Hit and run trading tips:

• Start trade with leverage 200 or 400


• Use time frame 15 minutes & 1 hours to start trade


• Follow market trend to open positions


• Close trade with 4-10 pips profit

10 Most Money Saving tips for Senior Citizens

With increasing baldness and gray hair, it is accepted that one gains more wisdom, one gets classified as a privilege class of senior citizen, and you get more time to spend but yes with it come a fixed source of income. With rising inflation you need to spend wisely to maintain a perfect balance in the tightrope walking of living a meaningful and qualitative life over the years.

Here are some price-chopper ideas into living each day:

1. Shopping on Senior Citizen Days: If you do your purchases on the designated days of the week when it’s called senior citizen days you can save some bucks in the form of discounts. Most shops discount it on your bill without you having to ask for, but in some cases you need to remind them so you need to be informed in the first place to get the discount.

2. Shopping at Charity Stores: If you need to buy gift items for your grandchildren or wish to read between the lines of a new novel, walk into any charity shops where you can buy the stuffs at much less price. Not only that you also contribute to a social cause by purchasing from a charity shop.

3. Use unbranded items: Most items, if branded carry the cost of the brand image or credibility and pass it on to the consumers with increased price tag. So, buy unbranded items especially food items and get yourself treated with mega deals and discount offers. It helps you sane few bucks always.

4. Cut cost by shopping @ 99p store: As a senior citizen you can further cut cost if you purchase some items such as deodorants, tea, coffee and other essential items from these stores as the prices here is much less. In this way your grocery bill can be reduced to a great extent.

5. Cook your sauce: Instead of spending money on sauces and rubs, cook your homemade sauce. It adds to healthy well being besides saving some money.

6. Save energy: It not only helps in controlling pollution but also helps save in electricity bills by not heating all the rooms. Use energy efficiently by replacing the electrical fittings with LED bulbs. It will help you curtail cost on electricity.

7. Reduce gasoline cost: Keep your vehicle well-maintained with regular tuning such as checking on tires and air filters so that fuel efficient is at its maximum. You can save few bucks by buying less expensive gas to run your vehicle.

8. Save on your insurances: From health to auto, you can save money on your insurance policies by being that little extra vigilant and using some research diligently online to compare costs before registering into one. If you are healthy and if you drive safe, there are insurance companies that provide with the best deals to the senior citizen.

9. Check on the State Benefits: Due to limited earnings, many senior citizens are not needed to pay the council taxes, one need to check on the local council to get benefited from the scheme.

10. Know other allied state benefits: There are other benefits such as free TV license if you are aged above 75 years and also pension credits to boost income.

Choosing Sugar Land, Texas

As one of the fastest-growing cities in Texas, Sugar Land has expanded by 150 percent throughout the last decade. Much of the community is made up of various Sugar Land subdivisions composed of 13 master-planned communities. The earliest planned communities began at the start of the 1960s. The communities were built with adequate green space, paths, wide streets, varied housing prices and size ranges in addition to plenty of parks, playgrounds, and public facilities to satisfy the most discriminating homeowner. As these subdivisions were bought out, the city annexed the area, which explains why the city itself is growing so rapidly.

Because these subdivisions have houses constructed at different price ranges and because of the average price range of housing in this area, Greater Houston new homes are slightly easier to acquire than in most communities. Tax rates are lower than the national average in this community which makes living here even more appealing. Over all, the cost of living in Sugar Land is lower than the national medium figure. Grocery prices, for example, are about 25 percent less than those of other major metropolitan areas in the United States.

The presence of Imperial Sugar has had a big influence on these subdivisions. Sugar Land was originally a company town and it was not until the early 1960s that the community began to take the first steps toward preparing a complete planned community. Several of the early planned communities were as a direct push from Imperial Sugar to get the ball rolling. This allowed the community to grow in a planned way. Since planning included various levels of houses at price levels and sizes that would attract everyone from singles to young families, the city of Sugar Land was fated to grow rapidly.

It is expected that the next round of annexations to this city will bring the population level to more than 120,000 people. This is a city that has a high per capita income and a cost of living, which brings the overall desirability of living here to one of the highest in the country. It has been rated as the top-ranked city in Texas for business location and enjoys a similar rank for livability. Overall, Sugar Land, as part of the Houston-Sugar Land-Baytown metropolitan area, is undoubtedly the best place in the United States in which to live and work. That is why these subdivisions are well worth further investigation.

Losing Money on the Bourse? Try Forex Instead

Forex trading is all about putting your money into other currencies, so you can gain the interest for the night, for time period or the difference in trading money all around.

Forex trading does involve other assets along with money, but because you are investing in other countries and in other businesses that are dealing in other currencies the basis for the money you make or lose will be based on the trading of money.


Constant trading is done in the forex markets as time zones will vary and the markets will open in one country while another is near closing. What happens in one market will have an effect on the other countries forex markets, but it is not always bad or good, sometimes the margins of trading are near each other.

A forex market will be present when two countries are involved in trading, and when money is traded for goods, services or a combination of these things. Currency is the money that trades hands, from one to another. Often times, a bank is going to be the source of forex trading, as millions of dollars are traded daily.

There is nearly two trillion dollars traded daily on the forex market. Should you get involved in forex trading? If you are already involved in the stock market, you have some idea of what forex trading really is all about.

The stock market involves buying shares of a company, and you watch how that company does, waiting for a bigger return. In the forex markets, you are purchasing items or products, or goods, and you are paying money for them.

As you do this, you are gaining or losing as the currency exchange differs daily from country to country. To better prepare you for the forex markets you can learn about trading and purchasing online using free ’game’ like software.

You will log on and create an account. Entering information about what you are interested in and what you want to do. The ’game’ will allow you to make purchases and trades, involving different currencies, so you can then see first hand what a gain or loss will be like.

s you continue on with this fake account you will see first hand how to make decisions based on what you know, which means you will have to read about the market changes or you will have to take a brokers information at value and play from there.

If you, as an individual want to be involved in forex trading, you must get involved through broker, or a financial institution. Individuals are also known as spectators, even if you are investing money because the amount of money you are investing is minimal compared to the millions of dollars that are invested by governments and by banks at any given time.

This does not mean you can’t get involved. Your broker or investment advisor will be able to tell you more about how you can be involved in forex trading.

In the US, there are many regulations and laws in regards to who can handle forex trading for US citizens so if you are searching the internet for a broker, be sure you read the print, and the information about where the company is located and if it is legal for you to do business with that company.

Would You Borrow $80bn From This Man ?

In the aftermath of the disastrous run on the Northern Rock Bank during September 2007, the Bank of England began to realize the enormity of the calamity which had unfolded.

Instead of pumping money into the banking sector in order to avert the impending liquidity crisis, the Governor of the Bank of England signalled to the markets that banks which have become weakened by imprudent actions may be allowed to fail.

When the run on Northern Rock was eventually halted by a government guarantee to all depositors, there was pressure on the Bank of England to act in order to ensure that no other bank would be at risk.

Mervyn King, the Governor of the Bank, announced on 19 September a series of auctions designed to provide loan funds for a period of 3 months. The funds would be secured on a flexible package of collateral, including mortgages. The rate of interest would be 6.75%. US$20bn was on offer on each of the 4 auctions, during the period 26 September to 17 October, making a total of US$80bn.

Financial markets have been rife with rumours that several other UK banks are at risk. The most likely candidate appears to be Alliance and Leicester whose share price has fallen from GBP11 to GBP6 during 2007. The cause of the problem is the same as Northern Rock, namely, it requires significant funds from the wholesale market in order to top up money held from depositors. However, there are persistent rumours that larger banks, such as Barclays, are in trouble.

If these banks are in such dire straits, it is remarkable that there were no applications received by the Bank of England for the US$80bn of funds on offer.

Admittedly, the funds were being offered at around 6.75%. Compared to the bank rate of 5.75% and interbank rates of around 6.2%, the interest rate was not generous. However, if borrowing money at 6.75% for 3 months, and possibly longer, could ensure the survival of a bank and allow the directors to sleep at night, it is surprising that there was not a single applicant.

In a slightly different context, if homeowners, who had defaulted on mortgage capital repayments, were offered an interest only loan of 6.75% for 3 months, the offer would have been welcomed, and home repossessions would be reduced dramatically.

The reason why no-one responded to Mervyn King’s offer is due to the collapse in confidence and credibility of the Bank of England.

Mervyn King justified the Bank of England’s lack of intervention with respect to Northern Rock by reference to ’Moral Hazard’. By this the Governor meant that he did not wish to send a signal to other banks and financial institutions that the Bank of England would bale them out should they experience difficulties in the future due to poor policies or imprudent lending.

While it is useful for the Governor to caution banks against the dangers of risky business models and the dubious practice of making loans to customers with low credit status, it is singularly inappropriate for him to make such remarks during a banking crisis.

Prior to the crisis at Northern Rock becoming public, it is clear that Lloyds TSB wished to initiate buyout talks. It appears that they were seeking a Bank of England loan of up to GBP20bn over 2 years. This sum was roundly rejected. With the benefit of hindsight, this was a reasonable offer from Lloyds TSB as the Bank of England has subsequently handed Northern Rock some GBP28bn and the crisis remains far from over.

While Mervyn King was considering ’Moral Hazard’, both the European Central Bank and the US Federal Reserve were quietly increasing liquidity in financial markets. Indeed on September 19th, the Federal Reserve cut interest rates by 0.5% from 5.25 to 4.75. This was followed by another cut at the end of October to 4.5%.

In addition to the stupidity of the policy, talk of ’Moral Hazard’ seems a little peculiar. If the Bank of England was planning to open a massage parlour or lap dancing club in Threadneedle Street, then this may well constitute a moral hazard for Mr King and his colleagues at the Bank of England.

Mr King also made several references to the desirably of ’Covert Action’ in dealing with the Northern Rock crisis, but claimed that he was prevented from acting in this way by UK legislation. This was an odd claim as neither Mr King nor his colleagues are on record as pointing this out during their 10 years of independence from the UK Treasury. Perhaps Mr King was slightly befuddled and was confusing his role with that of MI5 or the CIA.

However, the main impediment to any bank taking up the Governor’s offer was that the guarantee of confidentiality was not deemed to be worth the paper it was written on. Based on the culture of blame and leaks from the tripartite agencies of the Bank of England, the Financial Services Authority and the UK Treasury, no bank was prepared to take the risk of borrowing a large sum from the Bank of England.

The essence of banking is confidence. Unless depositors consider their funds to be safe, there will be a run on any bank, no matter who it may be.

Should a bank’s need for cash become public, then the bank may unwittingly invite a run on its funds. A leak from the Bank of England would transform a crisis into a disaster. The bank would become a second Northern Rock.

Record revenues of Romanian bank BCR: 21.4% in Q1 2007

The net profit after taxes of the Romanian bank BCR grew 21.4% in the first half of 2007, from 107.8 million euro at the record score of 139 million euro, a press release of the company informs on Tuesday.

Operational revenues of the BCR group grew 23.3% in the same period. According to the press release, the main factor that caused the record increase was the boost in credits to the clients at the level of the whole group (a 14.3% raise).

Operational revenues were determined by the expansion with 34 units in the territorial networks of the bank.

BCR announced that the credit portofolio grew 14.8% from 7.269,4 million euro on December 31 2006 to 9.012,4 million euro in the first quarter of 2007.

BCR contributes significantly in raising profits of Erste Bank, says Andreas Treichl, CEO of Erste Bank. Treichl adds that the record growth underlines the company’s strength to generate revenues.

Romania among with Croatia and Austria are the most successful in terms of increasing revenue contributions.

HotNews.ro, Jul 31, 2007

UniCredit Romania, HVB Tiriac Bank conclude merger

UniCredit Romania and HVB Tiriac Bank, both subsidiaries of UniCredit Group in Romania, have concluded their merger, a press release received by HotNews.ro says. The new financial institution is named UniCredit Tiriac Bank and figures among the first five banks on the Romanian market under a management team led by executive president Rasvan Radu.

By the end of the first quarter -2007, the merging banks held assets worth 12 billion RON with a combined gross profit of 83 million RON and total income of 197 million RON.

UniCredit Tiriac has 600,000 clients and a network of 136 branches in 38 Romanian counties.

The management of the new bank is formed or top executive Rasvan Radu; Corporate vice-president Melih Mengu; Operations and Business Support vice-president Andreas Gschwenter; Financial vice-president Marco Cravario and Risk vice-president Armin Huber.

UniCredit Group is one of the most important players on the European banking market with 35 million clients and 7,000 units in 20 countries. In Romania, beside UniCredit Tiriac Bank, it holds UniCredit Leasing Corporation, CA-IB Securities, CA-IB Romania, HVB Insurance Brokers, Pioneer Asset Management, UniCredit Produzzioni Accentrate and HVB Banca pentru Locuinte.

HotNews.ro, Jun 1, 2007

Este Bank to be listed at Bucharest Stock Exchange by end of 2007

Austrian group Erste Bank, the owner of 70% of Romanian Commercial Bank-BCR, will be listed at the Bucharest Stock Exchange before the end of the year, according to Austrian media. “By the end of 2007, Erste Bank will be listed at the Bucharest Exchange”, Erste Bank spokesman Ionut Stanimir was quoted as saying by Austrian newspaper WirtshaftsBlatt.

The news comes as the listing in Bucharest has been seen among people involved in Erste operations as a simply theoretical option. Austrian officials have even said that the Bucharest listing was impossible to accomplish as long as minority shareholders still have a say at BCR.

Still, the BCR acquisition contract says the Austrian group will list the Romanian bank within three years since the 2006 takeover. Erste shares are already traded in Vienna and Prague.

According to Q1 2007 financial data presented by Erste several days ago, BCR obtained a net profit of 62 million euro for the period, bringing 44.3 million euro in the coffers of the Austrian group at an overall group profit of 300 million euro.

HotNews.ro, May 7, 2007

Moody's modifies ratings for three Romanian Banks

Moody's Investors Service modified on Tuesday the ratings for three Romanian banks - BCR (the Romanian Commercial Bank), Raiffeisen Bank and BCC (Carpatica Commercial Bank) - as a result of the changes in the financial evaluation methodology.

Banca Comerciala Romana S.A. - The BFSR has been changed to D from D-. Global Local Currency Deposit Ratings of Baa1/Prime-2 have been assigned. The Foreign Currency Deposit Ratings remain unchanged at Baa3/Prime-3, and are constrained by the country ceiling. All ratings carry a stable outlook.

Raiffeisen Bank S.A. - The BFSR has been changed to D from D-. Global Local Currency Deposit Ratings of A3/Prime-1 have been assigned. The Foreign Currency Deposit Ratings remain unchanged at Baa3/Prime-3, and are constrained by the country ceiling. All ratings carry a stable outlook.

Banca Comerciala Carpatica S.A. - The BFSR has been changed to D- from E+. Global Local Currency Deposit Ratings of Ba3/Not-Prime have been assigned. The Foreign Currency Deposit Ratings have been changed to Ba3/Not-Prime from B2/Not-Prime. All ratings carry a stable outlook.

HotNews.ro, Apr 25, 2007

Finance Ministry explains financing programs failure

Responding to an article published on Tuesday by Hotnews.ro, the Public Finance Ministry organized a press conference, in order to explain the situation of programs supposed to receive funding from the European Commission.
Two operational programs (not three, as first believed) were "suspended" during negotiations by the EC, not rejected. Both programs were sent back to their initiators in Bucharest, for a general make-over.

Anasstasios Bugas, manager of the Romania Unit within DG Regio (European Commission's body) says the suspension procedure is a natural one and any of the seven programs negotiated by Romania may find itself at one point temporarily suspended.

"Suspensions may last two day, a week or longer, but this doesn't mean we have strong objections against the programs' content. The suspension time adds to the four months required by the Commission before approval", says Anasstasios Bugas.

HotNews.ro, Mar 28, 2007

Erste Bank group reports record profits

Erste Bank reported a 30.1% increase in its net profit last year, up to 932.2 million euro, the highest in the history of the Austrian financial group. The contribution of the recently acquired Romanian Commercial Bank-BCR was evaluated to 27.4 million euro, a company press release says.

The document says however that because the BCR acquisition process was concluded on October 12 last year, the contribution of the Romanian bank was rather modest. But it says that BCR’s local resuts, up 38% to 254 million euro before restructuring measures in 2006, shows a huge potential that will be valuable for the group.

The operational profit rose 20.7% to 2,003.6 million euro excluding BCR.

The Erste board will suggest a dividend boost from 0.55 euro to 0.65 euro pers hare at the general board meeting on May 31, 2007.

For 2007, Erste announced a profit growth target of 25% to be continued with at least 20% in 2008 and 2009.

HotNews.ro, Feb 28, 2007

Doha Bank to enter Romanian market

Doha Bank, the fifth largest bank in Qatar in terms of market share, will open a branch in Romania in the coming three months, according to Dow Jones Newswire. This would be the first unit of the bank in Europe. DJN quotes Doha Bank deputy head Raghavan Seetharaman, who said the move will be followed by the opening of a network of agencies in the region.

Seetharaman said Romania was chosen for the new location because both Qatar and Romania are important profiders of liquefied natural gas. He said the bank has applied for another four licenses on the European banking market, while also planning to expand to the UAE, Kuwait, Bahrain and India.

HotNews.ro, Feb 28, 2007

JP Morgan and Lehman Brothers to operate on Romanian Stock Exchange

Rough days are coming for the Romanian brokerage institutions. 21 foreign investment companies received approval to operate on the Romanian market, including major players like J.P.Morgan Securities or Lehman Brothers Asset Management.
In other words, any Stock Exchange investor will be able to let his portfolio be managed by J.P Morgan instead of any of the 72 Romanian companies.

Out of the 21 one new players, 20 are headquartered in London, only one - WOOD & Company Financial Services - coming from Prague.

After Romania's accession to the EU, all brokerage companies authorized in any of the EU member states may enter the local market, without special authorization, requiring only a notification and a 50,000 euros tax.

HotNews.ro, Feb 15, 2007

International press sees National Bank of Greece as favorite in CEC privatization

The National Bank of Greece (NBG) is widely considered as a favorite in the latest privatization process initiated by the Romanian state for the popular bank CEC. Forbes reads that the improved offering of NBG for 69.9% of the CEC shares would win in front of the OTP offer.

Hungarian media also informs that OPT representatives don’t have too much hope for taking over CEC.

As HotNews.ro announced a month ago, the OTP deputy manager had already declared that OTP « wasn’t expecting a reasonable price demand from the Romanian authorities ».

As a result of the information and rumors during the past days, the NBG shares grew 1.1% on the New York Stock Exchange.

HotNews.ro, Dec 14, 2006

Erste Bank takes over new stake in Romanian Commercial Bank

Erste Bank, the majority shareholder of the Romanian Commercial Bank (BCR), took over another 7.2% stake in the Romanian group that have so far belonged to BCR employees. Erste Bank’s stake thus rises to 69.11%, an Erste press release says.

Of a total of 64,497,500 shares held by BCR employees (8% of the total), 57,313,356 shares (7.2% of the total) were sold or changed as Erste’s offer to take over the package was accepted.

About a third of the transacted shares were sold for 6.5 euro per share, totaling some 130 million euro. The other two thirds were replaced with Erste Bank shares at an exchange rate of six to one. Thus, Erste will issue 6,287,236 new shares with a capital increase accounting for 2% of the share capital of the bank.

Some 12,197 of the 13,000 BCR employees agreed to the Erste offer in November.

The BCR privatization was the most important such process in Central and Eastern Europe. Erste Bank paid 3,75 billion euro for 61.88% of BCR last year. The Austrian bank effectively took control of BCR in autumn 2006.

HotNews.ro, Dec 12, 2006

BCR privatization report declassified

The final report on the privatization of Romania’s largest bank, the Romanian Commercial Bank-BCR, was declassified on Wednesday at the request of PM Calin Popescu Tariceanu. But the document does not contain any new information on the deal that had Austrian Erste Bank buy a majority stake in BCR, as it proved to be just a history of the privatization process.

The Romanian state and Este Bank have accepted certain confidentiality clauses in the contract, as it happened in the other major privatizations in the Romanian economy, such as thoso of oil company Petrom or telecom operator Romtelecom.

A scandal related to the Petrom privatization these days prompted Tariceanu to call for a review of the BCR privatization report yesterday morning.

HotNews.ro, Nov 23, 2006

OTP Bank: "We didn't expect Romania to call a fair price for CEC!"

Near the end of the privatization of the last and largest popular bank in Romania, CEC, there are two major players still in race: OTP Bank and the National Bank of Greece. It seems though that OTP has had enough.

“OTP didn’t expect Romania to demand a fair price for CEC”, said Laszlo Wolf, deputy CEO of OTP Bank on Thursday, during a banking conference in Frankfurt. Without unveiling any figures, Wolf mentioned that there is a big difference between what OTP can offer and what the Romanian state demands.

“OTP is looking for a reasonable price acquisition and I don’t thing we’d be able to find that” Laszlo Wolf added.

Both candidates look for a place on the Romanian market, given the extremely fast development rate in this area.

Hungarian companies such as OTP and MOL try to expand their businesses on the neighboring markets, where the profit rates are considerably higher than the domestic ones.

During the past few years, OTP spent over 2.2 billion euros in taking over Bulgarian and Russian banks.

HotNews.ro, Nov 16, 2006

New "EU Office BCR" opened

The Romanian Commercial Bank (BCR) officially opened on Thursday its fifth regional office in Calarasi. The new “EU Office BCR” follows the previous initiatives in the cities of Piatra Neamt, Alba Iulia, Craiova and Braila.

„EU Office BCR” is a concept implemented to offer all clients a complex and complete information about the effects of Romania’s accession to the European Union. The office will provide consultancy services and financing products in a wide range.

BCR took the opportunity to organize a regional conference on “BCR - Your partner for successful European projects”, involving BCR and Erste Bank representatives, as well as businessmen and officials in six counties.

HotNews.ro, Nov 16, 2006

National Bank sees inflation under 5% in 2006

The Romanian National Bank-BNR forecasts an inflation rate of under 5% in 2006 and said it expected rates of 4% plus/minus one point and 3,8% in 2007 and 2008 respectively.

BNR governor Mugur Isarescu said on Tuesday he believed there still were potential risks related to inflation, including possibly more relaxed fiscal and salary policies. He said restrictions in the currency policies applied by the BNR had a main contribution to dropping inflation.

According to Isarescu, the disinflation pace accelerated in the third quarter of the year, with an annual inflation rate of 5,48% in September and to 4,8% in October.

He said natural gas price increases in November and higher electricity prices in December would not affect the inflation target.

HotNews.ro, Nov 14, 2006