Category: News

New EU Visa Waiver

The EU is planning to introduce a €7 visa waiver for some non-EU citizens, including Britons, by summer 2025. The waiver will cover travel to the Schengen area, which includes every EU state except for Ireland, Cyprus, Iceland, Liechtenstein, Norway and Switzerland. People from other non-EU countries (including the UK), will need to apply for a waiver before travelling to 30 countries in Europe.

Vacation period choices

The first month of summer is coming to an end and the main vacation period begins. Which destinations are considered the most attractive and for what reasons? We studied the ratings of the most trusted sites, coming to the conclusion that European countries are ahead by a large margin in popularity. Surprisingly, Paris is still in first place among all cities. The capital of France currently has many problems, but the romanticized image of the city still attracts the largest number of tourists from all over the world. Resorts like Bora Bora, the Maldives and Bali are still impressively popular. The most amazing breakthrough occurred in the Asian sector. Thanks to its technological advancement and the global rise in popularity of video games, manga and anime, Japan took third place in most rankings. And China surprised everyone the most – for the first time in a very long time, the country made significant concessions in obtaining tourist visas for Europeans and, which came as a surprise, for US citizens. This attracted the largest number of tourists to China ever.

Concerning situation in Japan economy

According to public opinion, Japan’s economy has been developing tirelessly almost independently of the rest of the world since the crisis at the end of the last century, which is why for many people the strong fall in the country’s national currency is unexpected and even shocking. Having added up all the facts, Bloomberg confirmed: Japan has stepped closer to currency intervention with its strongest warning yet as the yen slid to the weakest level in about 34 years against the dollar. The Japanese authorities are also concerned about the situation and are trying to urgently take measures to normalize it. Finance Minister Shunichi Suzuki: “We are watching market moves with a high sense of urgency.”

New UK Regulations

UK authorities are tightening regulation of companies. First of all, England, but not least also Scotland and Wales, have been one of the most attractive jurisdictions for international business for several decades. Elementary business registration and extremely low requirements for running companies annually attracted tens and hundreds of thousands of international entrepreneurs. However, from March 4, 2024, it was decided to subject certain aspects to greater control. Now the authorities will more seriously check companies’ contact information, registration addresses and reports with confirmation statements. In principle, nothing particularly terrible has happened so far, but we still recommend that our clients and partners pay attention to the state of their British companies. It is expected that warnings and notifications will come at first, but it is always best to act proactively in order to avoid unnecessary difficulties.

Future of power

The first miracle of 2024 is already here!
China has invented a nuclear battery for smartphones that does not need to be charged. The development from Betavolt is smaller than a coin – even with such a miniature battery, any gadget will work for 50 years without recharging. According to engineers, the development is completely safe. Ideal for business, right?

Happy Holidays!

We are pleased to congratulate everyone on the upcoming Holidays! We sincerely wish to take a break from the hardships of business in these wonderful days. Let your successes be even more epic in 2024, but achieving them would be much easier. Merry Christmas and Happy New Year! All the best! 🎅

EURC

“Circle” has added support for the Solana blockchain for its euro-pegged stablecoin EURC. The coin already works on the Avalanche, Ethereum and Stellar blockchains; support for the stablecoin is ready to be provided by popular DeFi platforms and wallets in the network ecosystem such as Jupiter Exchange, Meteora, Orca and Phoenix. EURC on Solana can already be used through Circle Mint and its API.

Cryptocurrency trading

The Austrian subsidiary of Raiffeisen Bank – Raiffeisenlandesbank Oberösterreich – is preparing to launch cryptocurrency trading in early 2024. The initiative is being developed in cooperation with local crypto firm Bitpanda and will offer all of the latter’s listed digital assets (more than 2,500).