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	<title>News - SOWANA</title>
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	<title>News - SOWANA</title>
	<link>https://sowana.ee/en/category/news-eng/</link>
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	<item>
		<title>Bitcoin broke a new all-time record in February</title>
		<link>https://sowana.ee/en/bitcoin-broke-a-new-all-time-record-in-february/</link>
					<comments>https://sowana.ee/en/bitcoin-broke-a-new-all-time-record-in-february/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Mon, 31 May 2021 20:30:47 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3404</guid>

					<description><![CDATA[<p>Bitcoin rate officially exceeded the value of $ 42 thousand. This happened on February 8 and became another historical record. Recall that in January, the record was also broken. The cost of bitcoin exceeded then $ 41 thousand. According to the cryptocurrency exchange CoinDesk, the bitcoin rate rose as high as $ 43,710.23. The rapid &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/bitcoin-broke-a-new-all-time-record-in-february/"> <span class="screen-reader-text">Bitcoin broke a new all-time record in February</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/bitcoin-broke-a-new-all-time-record-in-february/">Bitcoin broke a new all-time record in February</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Bitcoin rate officially exceeded the value of $ 42 thousand. This happened on February 8 and became another historical record. Recall that in January, the record was also broken. The cost of bitcoin exceeded then $ 41 thousand.</p>
<p>According to the cryptocurrency exchange CoinDesk, the bitcoin rate rose as high as $ 43,710.23. The rapid rise in price arose due to the fact that the company Tesla reported to the Securities and Exchange Commission on its investments in crypto-assets $ 1.5 billion. On the wave of this news, exchanges reacted to the growth of the currency.</p>
<p>Recall that Ilon Musk believes that bitcoin will soon become one with traditional currencies and will be recognized around the world. In a candid statement, the head of Tesla regretted that he had not purchased this cryptocurrency earlier at a more favorable rate.</p>
<p>In the description of his Twitter account, the entrepreneur added the hashtag bitcoin. This event caused the asset to jump by 15% on the same day.</p>
<p>Сообщение <a href="https://sowana.ee/en/bitcoin-broke-a-new-all-time-record-in-february/">Bitcoin broke a new all-time record in February</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>The U.S. has proposed a new weapon against offshoring</title>
		<link>https://sowana.ee/en/the-u-s-has-proposed-a-new-weapon-against-offshoring/</link>
					<comments>https://sowana.ee/en/the-u-s-has-proposed-a-new-weapon-against-offshoring/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Mon, 31 May 2021 20:23:46 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3400</guid>

					<description><![CDATA[<p>On April 6, 2021, U.S. Secretary of the Treasury Janet Yellen announced a new approach to combating offshore companies and tax evasion by entrepreneurs. It is proposed to reduce the corporate income tax for companies that operate production units in multiple countries. The United States has sent this proposal to 135 countries. If accepted, this &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/the-u-s-has-proposed-a-new-weapon-against-offshoring/"> <span class="screen-reader-text">The U.S. has proposed a new weapon against offshoring</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/the-u-s-has-proposed-a-new-weapon-against-offshoring/">The U.S. has proposed a new weapon against offshoring</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="52" data-end="380">On April 6, 2021, U.S. Secretary of the Treasury Janet Yellen announced a new approach to combating offshore companies and tax evasion by entrepreneurs. It is proposed to reduce the corporate income tax for companies that operate production units in multiple countries. The United States has sent this proposal to 135 countries.</p>
<p data-start="382" data-end="572">If accepted, this proposal would allow other countries to increase their revenues from large corporations that are already operating in multiple jurisdictions but paying minimal taxes there.</p>
<p data-start="574" data-end="840">The new U.S. tax model aims to accelerate negotiations on creating a more reliable international taxation system. It could halt the spread of domestic tax schemes and prevent multinational corporations from avoiding taxes and shifting profits to other jurisdictions.</p>
<p data-start="842" data-end="1180">The United States intends to raise the national corporate tax rate from 21% to 28% and is proposing a global minimum tax rate of 21%. Washington is collecting taxes to fund President Biden&#8217;s new ambitious $2.25 trillion economic plan. According to officials, the plan would pay for itself over 15 years through the proposed tax increases.</p>
<p data-start="1182" data-end="1573">Recently, the International Monetary Fund proposed a temporary &#8220;solidarity tax&#8221; on corporations that made large profits during the coronavirus crisis. The idea is to introduce a tax on excess profits as a gesture of solidarity with those affected by the crisis and to replenish national budgets. According to the IMF, such a tax could replace or supplement the existing corporate income tax.</p>
<p data-start="1575" data-end="1821">Sowana reminds that Secretary Yellen&#8217;s statement came just a few days after President Joe Biden announced an ambitious plan to revive the domestic economy. U.S. authorities are actively seeking new ways to increase budget revenues in this regard.</p>
<p>Сообщение <a href="https://sowana.ee/en/the-u-s-has-proposed-a-new-weapon-against-offshoring/">The U.S. has proposed a new weapon against offshoring</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>Switzerland is a leader in the creation of new firms</title>
		<link>https://sowana.ee/en/switzerland-is-a-leader-in-the-creation-of-new-firms/</link>
					<comments>https://sowana.ee/en/switzerland-is-a-leader-in-the-creation-of-new-firms/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Thu, 18 Mar 2021 20:14:58 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3389</guid>

					<description><![CDATA[<p>Switzerland is the leader in new firm creation despite the pandemic. Switzerland holds the record for company registrations. A bit of statistics: in 2020, 46,842 new companies were founded in Switzerland. This is 5.3% more than in 2019. In niches such as: crafts (16.7%), consulting (10.2%), retail (8.6%), real estate (8.1%), finance and insurance (6.8%). &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/switzerland-is-a-leader-in-the-creation-of-new-firms/"> <span class="screen-reader-text">Switzerland is a leader in the creation of new firms</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/switzerland-is-a-leader-in-the-creation-of-new-firms/">Switzerland is a leader in the creation of new firms</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Switzerland is the leader in new firm creation despite the pandemic.</p>
<p>Switzerland holds the record for company registrations.</p>
<p>A bit of statistics: in 2020, 46,842 new companies were founded in Switzerland. This is 5.3% more than in 2019.</p>
<p>In niches such as: crafts (16.7%), consulting (10.2%), retail (8.6%), real estate (8.1%), finance and insurance (6.8%).</p>
<p>Many entrepreneurs took advantage of the crisis and opened a business in their desired field.</p>
<p>Fewer companies were registered in the tourism and entertainment sectors. However, experts say that after the crisis, it is in these areas that a boom is expected.</p>
<p>Most of the rapid growth of companies was observed in the central and north-western parts of Switzerland and Zurich.</p>
<p>Now, many Swiss cantons are introducing tax reforms, which will attract a flow of financial investments. For example, Nidwalden has set the corporate tax rate at 9.8%.</p>
<p>Сообщение <a href="https://sowana.ee/en/switzerland-is-a-leader-in-the-creation-of-new-firms/">Switzerland is a leader in the creation of new firms</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>They want to introduce the digital euro by 2025</title>
		<link>https://sowana.ee/en/the-digital-euro-is-to-be-introduced-by-2025-it-will-be-an-electronic-version-of-paper-money-available-to-all-citizens-christine-lagarde-president-of-the-european-central-bank-said-that-the-digital/</link>
					<comments>https://sowana.ee/en/the-digital-euro-is-to-be-introduced-by-2025-it-will-be-an-electronic-version-of-paper-money-available-to-all-citizens-christine-lagarde-president-of-the-european-central-bank-said-that-the-digital/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Thu, 18 Mar 2021 20:13:10 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3385</guid>

					<description><![CDATA[<p>The digital euro is to be introduced by 2025. It will be an electronic version of paper money available to all citizens. Christine Lagarde, President of the European Central Bank said that the digital euro will be developed by 2025. Digitalization has long been tightly and inextricably linked to our lives. Digital payments are a &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/the-digital-euro-is-to-be-introduced-by-2025-it-will-be-an-electronic-version-of-paper-money-available-to-all-citizens-christine-lagarde-president-of-the-european-central-bank-said-that-the-digital/"> <span class="screen-reader-text">They want to introduce the digital euro by 2025</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/the-digital-euro-is-to-be-introduced-by-2025-it-will-be-an-electronic-version-of-paper-money-available-to-all-citizens-christine-lagarde-president-of-the-european-central-bank-said-that-the-digital/">They want to introduce the digital euro by 2025</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The digital euro is to be introduced by 2025. It will be an electronic version of paper money available to all citizens.</p>
<p>Christine Lagarde, President of the European Central Bank said that the digital euro will be developed by 2025.</p>
<p>Digitalization has long been tightly and inextricably linked to our lives. Digital payments are a priority. The digital euro will support this trend in retail payments.</p>
<p>It will be a combination of security and efficiency. The digital version of the euro will not replace paper money, but it will create additional comfort and choice when making payments.</p>
<p>I would like to point out that the digital euro and crypto-assets (the digital currency that exists now) are fundamentally different concepts. The digital euro is backed by a central bank and is characterized by stable prices, unlike cryptocurrency.</p>
<p>Сообщение <a href="https://sowana.ee/en/the-digital-euro-is-to-be-introduced-by-2025-it-will-be-an-electronic-version-of-paper-money-available-to-all-citizens-christine-lagarde-president-of-the-european-central-bank-said-that-the-digital/">They want to introduce the digital euro by 2025</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>Lithuania and e-resident</title>
		<link>https://sowana.ee/en/lithuania-and-e-resident/</link>
					<comments>https://sowana.ee/en/lithuania-and-e-resident/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Mon, 08 Feb 2021 14:09:28 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3408</guid>

					<description><![CDATA[<p>It is now possible to obtain electronic citizenship in Lithuania. As a reminder, since 2014, Estonia has been the only country in the world offering electronic citizenship. Now, since November 2020, Lithuania offers a similar status to citizens of countries outside the European Union. Holders of e-citizenship will receive an ID card. What electronic citizenship &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/lithuania-and-e-resident/"> <span class="screen-reader-text">Lithuania and e-resident</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/lithuania-and-e-resident/">Lithuania and e-resident</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="text">It is now possible to obtain electronic citizenship in Lithuania.</p>
<p class="text">As a reminder, since 2014, Estonia has been the only country in the world offering electronic citizenship.</p>
<p class="text">Now, since November 2020, Lithuania offers a similar status to citizens of countries outside the European Union. Holders of e-citizenship will receive an ID card.</p>
<p class="text"><strong>What electronic citizenship / e-residency offers:</strong></p>
<ul>
<li>The right to register your business.</li>
<li>Conduct transactions with partners and clients from EU countries.</li>
<li>The right to open various bank accounts under a simplified process.</li>
<li>Certain rights and business opportunities will be the same as those of Lithuanian residents.</li>
<li>You can use PayPal to store profits in euros.</li>
<li>Access to electronic signature.</li>
<li>The right to create your own virtual office.</li>
<li>It is convenient and beneficial for business purposes.</li>
</ul>
<p>Сообщение <a href="https://sowana.ee/en/lithuania-and-e-resident/">Lithuania and e-resident</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>Estonia to change cryptocurrency laws</title>
		<link>https://sowana.ee/en/estonia-to-change-cryptocurrency-laws/</link>
					<comments>https://sowana.ee/en/estonia-to-change-cryptocurrency-laws/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Mon, 08 Feb 2021 13:17:40 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3412</guid>

					<description><![CDATA[<p>The Estonian Ministry of Finance has started thinking about how to change the laws so that transactions with virtual currencies become clearer. The new law is designed to help prevent crimes and fight those already existing in this area, rus.err writes. At the moment there are about 400 firms operating in Estonia offering different opportunities &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/estonia-to-change-cryptocurrency-laws/"> <span class="screen-reader-text">Estonia to change cryptocurrency laws</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/estonia-to-change-cryptocurrency-laws/">Estonia to change cryptocurrency laws</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Estonian Ministry of Finance has started thinking about how to change the laws so that transactions with virtual currencies become clearer.</p>
<p>The new law is designed to help prevent crimes and fight those already existing in this area, rus.err writes. At the moment there are about 400 firms operating in Estonia offering different opportunities in working with cryptocurrencies, and the bitcoin exchange rate is already more than 34 thousand euros.</p>
<p>&#8220;In terms of the law, this is still a gray area, as it is only partially regulated. Currently, apart from the issuance of a license by the Money Laundering Data Bureau, there are no more regulations,&#8221; says cryptocurrency expert Asse Sauga. Under the adjustment, companies that are engaged in servicing should come under the adjustment. That is, those who offer intermediary services or create wallets virtually. Perhaps this will add clarity to the industry.</p>
<p>Сообщение <a href="https://sowana.ee/en/estonia-to-change-cryptocurrency-laws/">Estonia to change cryptocurrency laws</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>Latvia: Drone registration required</title>
		<link>https://sowana.ee/en/latvia-drone-registration-required/</link>
					<comments>https://sowana.ee/en/latvia-drone-registration-required/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Mon, 08 Feb 2021 11:52:47 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3419</guid>

					<description><![CDATA[<p>In Latvia, using a drone without registration can result in a fine of up to 2000 euros. If the drone weighs more than 250 grams or has photo and video capabilities, it must be registered. How? On the government electronic services portal e.caa.lv for owners of unmanned aerial vehicles and drones. Documents can be submitted &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/latvia-drone-registration-required/"> <span class="screen-reader-text">Latvia: Drone registration required</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/latvia-drone-registration-required/">Latvia: Drone registration required</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="text">In Latvia, using a drone without registration can result in a fine of up to 2000 euros.</p>
<p class="text">If the drone weighs more than 250 grams or has photo and video capabilities, it must be registered.</p>
<p class="text"><strong>How?</strong></p>
<p class="text">On the government electronic services portal e.caa.lv for owners of unmanned aerial vehicles and drones. Documents can be submitted online electronically after logging in to the electronic services portal latvija.lv.</p>
<p class="text">Next, the flying drone receives a registration number — this number must be used to mark the device.</p>
<p class="text">The registration fee is 5 euros. The registration is valid for one year.</p>
<p class="text">The new law came into effect on January 1 of this year.</p>
<p class="text">Fines for operating an unmarked and unregistered flying device are from 50 to 700 euros for individuals, and from 150 to 2000 euros for legal entities.</p>
<p>Сообщение <a href="https://sowana.ee/en/latvia-drone-registration-required/">Latvia: Drone registration required</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>Estonian bank Coop Pank has authorized transactions with cryptocurrencies</title>
		<link>https://sowana.ee/en/estonian-bank-coop-pank-has-authorized-transactions-with-cryptocurrencies/</link>
					<comments>https://sowana.ee/en/estonian-bank-coop-pank-has-authorized-transactions-with-cryptocurrencies/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Fri, 05 Feb 2021 07:23:07 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://sowana.ee/?p=3428</guid>

					<description><![CDATA[<p>This amendment will become effective from January 18, 2021.Customers will be able to transact in cryptocurrency, for personal use, using a Coop Pank current account. The bank said that while banks also remain careful and cautious about cryptocurrency due to the risk of money laundering, it no longer sees any reason to restrict bank customers &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/estonian-bank-coop-pank-has-authorized-transactions-with-cryptocurrencies/"> <span class="screen-reader-text">Estonian bank Coop Pank has authorized transactions with cryptocurrencies</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/estonian-bank-coop-pank-has-authorized-transactions-with-cryptocurrencies/">Estonian bank Coop Pank has authorized transactions with cryptocurrencies</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>This amendment will become effective from January 18, 2021.Customers will be able to transact in cryptocurrency, for personal use, using a Coop Pank current account.</p>
<p>The bank said that while banks also remain careful and cautious about cryptocurrency due to the risk of money laundering, it no longer sees any reason to restrict bank customers from buying and selling cryptocurrency for personal use.</p>
<p>Recently, institutional investors have shown more interest in bitcoins and more confidence in cryptocurrencies, and Cryptocurrency Funds (COINXBE and COINETHE) based in Estonia have successfully traded on the Stockholm Exchange.</p>
<p>In general, banks still need to create the necessary financial risk mitigation measures and train their staff.</p>
<p>For service providers, stricter rules will remain for the time being, with the inability to use the Coop Pank platform due to their lack of a license.</p>
<p>Сообщение <a href="https://sowana.ee/en/estonian-bank-coop-pank-has-authorized-transactions-with-cryptocurrencies/">Estonian bank Coop Pank has authorized transactions with cryptocurrencies</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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		<title>Balti ettevõtjad 2020. aasta kohta</title>
		<link>https://sowana.ee/en/balti-ettevotjad-2020-aasta-kohta-2/</link>
					<comments>https://sowana.ee/en/balti-ettevotjad-2020-aasta-kohta-2/#respond</comments>
		
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Mon, 28 Dec 2020 02:26:40 +0000</pubDate>
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					<description><![CDATA[<p>Only one third of entrepreneurs from the Baltic countries were satisfied with the year 2020. In December 2020, Luminor Bank conducted a survey among 750 entrepreneurs and business owners in the Baltic countries. One third of the respondents called the year successful from a business perspective. In percentage terms: Lithuania (37%), Estonia (35%), Latvia (29%). &#8230;</p>
<p class="read-more"> <a class="" href="https://sowana.ee/en/balti-ettevotjad-2020-aasta-kohta-2/"> <span class="screen-reader-text">Balti ettevõtjad 2020. aasta kohta</span> Read More &#187;</a></p>
<p>Сообщение <a href="https://sowana.ee/en/balti-ettevotjad-2020-aasta-kohta-2/">Balti ettevõtjad 2020. aasta kohta</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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										<content:encoded><![CDATA[<p class="text">Only one third of entrepreneurs from the Baltic countries were satisfied with the year 2020.</p>
<p class="text">In December 2020, Luminor Bank conducted a survey among 750 entrepreneurs and business owners in the Baltic countries. One third of the respondents called the year successful from a business perspective.</p>
<p class="text">In percentage terms: Lithuania (37%), Estonia (35%), Latvia (29%).</p>
<p class="text">Planning to scale their business in 2021: Lithuania (41%), Latvia (37%), while Estonian entrepreneurs were more cautious, only 25%.</p>
<p class="text">The crisis caused by the coronavirus and other difficulties in 2020 taught many lessons. Some lost their business, some stayed on the market and were able to discover new opportunities.</p>
<p class="text">Successful were those who managed to adapt their business and find new opportunities in difficult circumstances.</p>
<p class="text">Marjan Savchenko, head of Luminor’s corporate banking division, was pleased that Baltic companies look to the future with optimism. “At least one third of small and medium-sized enterprises stated that they plan to expand their business in 2021 with the goal of increasing sales and developing their business in the digital environment.”</p>
<p class="text">But there is a percentage of entrepreneurs who do not intend to expand. Estonian companies are the most cautious.</p>
<p class="text">The reason is uncertainty related to COVID-19, Brexit, and other global events.</p>
<p class="text">10% of respondents reported that their business grew in 2020. One fifth of entrepreneurs said they do not have finances for development in 2021.</p>
<p class="text">According to Savchenko, it is now necessary to listen to businesspeople to understand how to provide them with adequate financing in the market. “With the help of the European Investment Bank and the fund, we are launching new programs. We will be able to provide additional loans and leasing totaling up to 660 million euros for SMEs and small and medium-sized businesses in Lithuania, Latvia, and Estonia. Thus, we can help companies cope with the crisis and also contribute to new development projects,” he added.</p>
<p>Сообщение <a href="https://sowana.ee/en/balti-ettevotjad-2020-aasta-kohta-2/">Balti ettevõtjad 2020. aasta kohta</a> появились сначала на <a href="https://sowana.ee/en/">SOWANA</a>.</p>
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