Compatibility level

Businesses typically have financial systems and tools in place that serve several key functions, such as reporting and analysis of all transactions. For this reason, it is important to consider how compatible the platform is with your existing systems and tools when choosing a business payment processor. For example, payment processors should be able to integrate with your business’s e-commerce platform, accounting software, and other financial tools.

Security level

When choosing a payment processor, the security level of the platform must be considered, since a system with a high level of security will reduce the chances of users’ financial information being compromised or exposed. For this reason, it is important for companies to evaluate the level of security that the provider’s ecosystem has and assess whether it complies with the different security standards of the financial industry.

Accepted payment methods

Businesses should offer their customers a wide variety of payment methods, as this streamlines transactions. business operations and allows the customer to have a better shopping experience. For this reason, it is recommended to check all the payment methods supported on the provider’s platform: credit cards, debit cards, digital wallets, and cryptocurrencies, among others.

Rates and settlement times

Generally, companies have a high flow of operations, especially when they offer high-demand products or services, which is why, when choosing a provider for the payment processor service, it is important to consider the rates and processing times to avoid unexpected expenses and ensure that the payment processor executes the transfers /operations in a reasonable time.

Scalability level

Generally, most companies want to grow and reach new markets. Therefore, it is important for companies to evaluate the level of scalability of the provider’s platform and its entire technological ecosystem.
As a business grows, the number of transactions increases. A “scalable” payment processor can handle tens to thousands of transactions per second without affecting performance or customer experience. Scalability allows processors to adapt to the needs of new markets, integrating different currencies, payment methods, and regulations, facilitating the expansion of businesses or companies globally.

What do you think about this topic? Do you want to know more about Pilsenga’s business payment processor service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Payment processors for businesses: Points to consider when choosing a provider first appeared on Pilsenga blog.

This has given rise to the emergence of different organizations and entities, which, through their regulations and standards, allowed financial service providers, companies, and businesses to develop a crypto-asset market with greater stability and integrity. One of the organizations that supported and generated standards for the crypto-asset market was the European Union, which, through the Markets in Crypto-Assets Regulation (MiCA), implements a comprehensive regulatory framework for cryptocurrencies and crypto-assets in general. Below, we will learn more about this regulation:

Markets in Crypto-Assets Regulation (MiCA)

The Markets in Crypto-Assets Regulation (MiCA) is a comprehensive regulatory framework that allows for the regulation of crypto-assets and their service providers. MiCA was established by the European Union with the aim of balancing the benefits of using cryptocurrencies and crypto-assets while protecting consumers, ensuring market integrity, and maintaining financial stability within the European Union. Mica protects consumers and maintains the integrity of the European market by:

Authorization and supervision

Through the authorization and supervision required by MiCA, crypto-asset service providers, issuers of asset-referenced tokens and e-money tokens are required to obtain authorization and be subject to supervision by the competent national authorities before being able to operate, ensuring certain standards of security, legality, and quality in the sector.

Types of crypto-assets

Through this regulation, MiCA identifies and regulates several types of crypto-assets, each with distinct characteristics and requirements. In this way, MiCA seeks to maintain a stable value by backing each e-money token in relation to a single official currency.

Asset-referenced tokens in relation to other assets or a basket of assets seek to ensure that issuers of these types of tokens ensure transparency and maintain reserves to match the value of the tokens issued. In relation to other crypto-assets (such as cryptocurrencies Bitcoin or Ethereum), MiCA seeks to ensure market integrity and consumer protection.

Protecting the consumer

Through this regulation, MiCA includes several measures to protect consumers in the cryptocurrency market, thus seeking to protect cryptocurrency holders and customers of service providers, which guarantees the rights of withdrawal and liability for incorrect information, thus creating a safer and more transparent environment for consumers who make transactions with cryptocurrencies or crypto-assets, thus promoting confidence in the market.

Transparency and disclosure requirements

MiCA requires specific transparency and disclosure requirements for the issuance, offering to the public, and admission of crypto-assets to trading platforms and service providers, as this way it can ensure that consumers and investors have clear and accurate information about crypto-assets.

Uniform rules

Through this regulation, MiCA applies uniform rules for all service providers and crypto-asset issuers that were previously not regulated by existing EU financial services legislation. This allows for a consistent regulatory framework and clearer rules, as well as promoting a transparent and competitive environment for all crypto-asset service providers and issuers in the European Union.

What do you think about this topic? Do you want to know more about the crypto-asset market regulations that Pilsenga adheres to?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Learn more about MiCA: Regulation on Crypto-Asset Markets in the European Union first appeared on Pilsenga blog.

Currently on the market there are different payment services, which allow businesses to send and receive money seamlessly , efficiently, and transparently to other countries. However, due to the different alternatives currently available on the market, it can be difficult to choose the right provider. Below, we will share some tips for choosing an ideal provider for international payment services.

Speed of payment processing

Typically, most businesses need to make international payments that are processed quickly, either in real-time or in a few seconds. Hours/minutes. For this reason, it is advisable to choose providers that offer fast payment processing, especially to minimize transaction times and avoid possible delays in payments, which is important in companies with high transaction volumes. An example of this is the Pilsenga platform, which works with the SEPA and SEPA Instant system and stands out for its fast processing speed in the European Union.

Security level

Companies generally look for a seamless international payment service (Seamless International Payments). To achieve this goal, it is important that the platform has a high level of security since this allows for the protection of users’ resources and personal information.

For this reason, it is advisable to consider providers that have different protocols and security measures that allow protecting users’ financial information. It is also important that the provider complies with the different standards and guidelines of the financial industry, as this guarantees certain quality and security parameters on the platform.

Types of currencies and market scope

One factor to consider when choosing an international payment provider is the types of currencies and the market reach they offer. It is advisable to evaluate which types of currencies the provider supports and whether the countries of interest are part of the list of countries supported by the provider. For example, we can evaluate whether the provider offers multi-currency IBAN accounts and how many currencies they operate with.

Transaction fees

Companies that need to make international payments should be aware that the provider’s platform may charge fees related to currency conversion, transaction volume, and processing speed, among others. For this reason, it is advisable to evaluate and compare the fees handled by each of the payment service providers. and choose the one that best suits the company’s needs.

Level of integration

Generally, companies have accounting / financial systems and platforms that allow them to efficiently manage their resources, so when choosing a payment provider, it is advisable to evaluate your company’s level of integration. Financial ecosystem and its level of compatibility with the operating systems already used in the company.

If the financial ecosystem integrates seamlessly with any platforms the company already uses, data can flow seamlessly, avoiding duplication of effort. Compatibility with existing systems minimizes the costs associated with implementing new systems or the need for additional staff training. It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly.

User Experience

It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly. If payments are quick and easy, users will be more inclined to complete their transactions.

What do you think about this topic? Do you want to know more about Pilsenga’s international payment service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Seamless international payments: Tips for choosing an ideal provider first appeared on Pilsenga blog.

This is where electric power companies stand out since they are responsible for generating, transmitting, and distributing the electricity necessary for the development and functioning of modern society in general. Next, we will learn about the main electric power companies globally.

State Grid Corporation of China (SGCC)

State Grid Corporation of China (SGCC) is the world’s largest electric power company and is headquartered in Beijing. Founded in 2002, it is currently the largest electric power company in terms of revenue in the world. the world.

State Grid Corporation is a public utility responsible for the operation of most of China’s power grid, which is why it stands out for its significant investments in the generation, transmission, and distribution of electric power. It is worth noting that it is currently a company recognized for its important contributions to the global energy sector and for the expansion of its operations internationally (Philippines, Australia, Brazil, Italy, Portugal, Greece, and Chile).

Tokyo Electron Ltd. (TEL)

Tokyo Electron Ltd. (TEL) is considered one of the most important electric power companies globally, thanks to its contributions to the energy and electronics industries.

Tokyo Electron is a leading Japanese company specializing in the manufacture and sale of semiconductor production equipment and essential equipment for the manufacturing of integrated circuits, flat panel displays, and photovoltaic cells. The company currently operates in Taiwan, North America, South Korea, Europe, Southeast Asia and China.

NextEra Energy Inc.

NextEra Energy Inc. is one of the largest electric power companies in the United States. It specializes in the generation, transmission, distribution, and sale of electric power in 49 states of the United States and is currently committed to guaranteeing the energy independence of that country. NextEra Energy Inc. is considered one of the main electric power companies worldwide thanks to its important contribution to renewable energies, with significant investments in wind, solar, and other renewable energy sources.

Enel SpA

Enel SpA is an Italian multinational company specializing in the production and distribution of electricity and gas. Headquartered in Rome, Enel SpA was founded in 1962 and currently operates in more than 30 countries. It maintains a strong presence in the generation, transmission, distribution, and sale of electricity, standing out for its significant contribution to investment and research in renewable energies, such as wind, solar, and hydroelectric energy.

Schneider Electric SE

Schneider Electric SE is a French specialist and global leader in automation and energy management technologies. Founded in 1836, Schneider Electric SE today offers a wide range of products and services designed to optimize energy use and ensure the reliability of electrical infrastructure, as well as automation and control solutions for industrial processes.

Schneider Electric SE currently has operations in more than 100 countries and is considered one of the leading electric power companies thanks to its contribution and commitment to energy sustainability. Importantly, Schneider Electric SE has been recognized as the most sustainable company in the world by Corporate Knights.

Fortum Corp

Fortum Corp is a Finnish electric power company specializing in the generation, distribution and sale of electric power and heat. Fortum Corp was founded in 1998 and is headquartered in Espoo, Finland. Today, Fortum Corp is a leading renewable energy company with operations in Finland, Sweden, Norway, Poland, and Russia. Fortum Corp is considered one of the leading electric power companies, operating a wide variety of hydroelectric, nuclear, natural gas, wind, solar, and combined heat and power (CHP) plants.

Iberdrola S.A.

Iberdrola SA is a Spanish multinational electric utility company headquartered in Bilbao. It is one of the world’s leading electric power companies thanks to its production, distribution, and marketing of electric power and natural gas.

This company was founded in 1840, however, since 1992 it has focused on the search and investment in renewable energy and electricity distribution, which has led it to become the world’s leading company in renewable energy, standing out for significant investments in wind, solar, and hydroelectric energy.

Southern Company

Southern Company is an American energy company responsible for providing electricity and gas in the southeastern United States. Southern Company was founded in 1945 and is currently considered one of the main electric energy companies worldwide due to its broad level of operation and its commitment to sustainability and resilience, where it stands out for offering innovative solutions.

Electricity of France (EDF)

Electricité de France (EDF) is a French company specializing in the generation, transmission, distribution and sale of electric energy. It was founded in 1946 and is currently considered the largest producer of electric energy in France and one of the largest in Europe.

Electricité de France (EDF) is one of the leading electric power companies worldwide, known for its extensive global presence (United Kingdom, Italy, and Brazil) and its power plant operations, which include nuclear, hydroelectric, wind, and solar power plants.

Uniper SE

Uniper SE is a German multinational electric energy company, which was founded in 2016. As of 2022, it will become a 100% state-owned company. Uniper SE is a company specializing in the generation, transmission, distribution and sale of electric energy and natural gas in Germany and throughout Europe.
Uniper SE is one of the leading global electric power companies, with its headquarters in Düsseldorf (Germany), and operations in major electric power plants, providing energy services and solutions in Europe and the United States.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for energy companies?

If you are interested in Pilsenga’s products or services (including financial services for energy companies) you can contact us using the following link.

The post What are the top 10 electric power companies globally? first appeared on Pilsenga blog.

SEPA integration

It is important that the provider offers access to the SEPA payment network, as this will allow for greater transparency and speed in payments. Companies that contract the Pilsenga service have the possibility of integrating their financial services with the extensive SEPA payment network, which facilitates transactions within the Eurozone, reduces operating costs and increases transaction speed (through systems such as SEPA Instant).

Security level

It is important to select a provider that has a platform with a high level of security, as this will allow users to protect their financial resources and personal information. At this point, we can highlight that the Pilsenga’s financial ecosystem has a high level of security, as it has different protocols and security measures. This reduces the chances of the financial resources and user information are compromised, which reduces the chances of losses, failures or delays in financial operations.

Dedicated IBAN account

Companies that use the Pilsenga platform have the possibility of having a dedicated IBAN account, which allows for greater control and management of the company’s financial resources, in addition to complying with the different regulatory and accounting requirements. All this makes dedicated IBAN accounts an indispensable tool for managing (in a more efficient way) the financial resources of the entire organization. 

Additional services

It is important that the provider can offer different complementary services, as this allows the company to access different resources quickly, in addition to improving its financial efficiency. Companies that use the Pilsenga platform can access other complementary financial services such as: digital wallet, accounting packages, payment processors, among others.

Using a digital wallet, the company can manage its digital assets and cryptocurrencies (Bitcoin, Ethereum, and USDT) in a more efficient way, which is essential for those companies that seek to diversify their resources and offer their clients other payment alternatives. On the other hand, using an accounting package, the company can automate its accounting tasks and have better internal control. Some examples of this are the generation of accounting reports or the automation of group payments through the batch payment function.

24/7 Customer Support

It is important that the provider has good customer service and offers 24/7 support, as this will allow for personalized treatment, problem solving or clarifying any type of doubt/question.

At this point we can mention that Pilsenga offers its clients 24/7 support according to the needs of each client or company. An example of this is Pilsenga’s dedicated manager service, which offers companies a unique and personalized experience for each client. Currently this type of service is available 24/7 and is available in English, Spanish and Italian.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Euro IBAN account for companies: Why choose Pilsenga? first appeared on Pilsenga blog.

Tax Directives

The European Union’s tax directives were developed with the aim of creating a more integrated and fair tax environment. These directives govern corporate taxation, which includes rules on cross-border taxation and tax harmonization within the European Union.

Second Payment Services Directive (PSD2)

PSD2 promotes competition and innovation in the payments sector, facilitating the entry of new players (FinTech) and allowing interoperability between banks and payment services. Medium-sized companies that operate in e-commerce or use electronic payment systems may be affected by this regulation since, while they can take advantage of new opportunities, they must also adapt to new security standards, which may mean updating their security and compliance systems.

Market Abuse Regulation (MAR)

This regulation establishes clear rules to combat market abuse, insider trading, market manipulation, and incorrect or incomplete disclosure of relevant information.

For example, medium-sized companies listed on regulated EU markets are required to comply with strict disclosure requirements. This means that they must publish inside information as soon as possible to prevent its misuse.

Managers of medium-sized companies, as well as employees or professionals associated with them, must report any transaction they carry out with company securities (shares, bonds, etc.), especially if the said value exceeds a certain threshold. This measure seeks to prevent some managers or employees from taking advantage of their position to gain an advantage in the market with non-public information.

Anti-Money Laundering (AML) Directives

Anti-Money Laundering (AML) directives were developed with the aim of preventing financial crimes and protecting the integrity of the European financial system. This type of directive can affect medium-sized companies, especially those with limited capital, as it requires companies to make investments and implement measures to prevent money laundering and terrorist financing, which can significantly affect their financial operations, compliance procedures, and capital funds.

Corporate Sustainability Reporting Directive (CSRD)

Through the Corporate Sustainability Reporting Directive (CSRD), the European Union requires medium-sized companies to submit updated information on the environmental and social impact that their operations may have, which promotes transparency and accountability, in addition to allowing companies to be aligned with global sustainability objectives.

This type of directive can affect medium-sized companies, since to comply with sustainable business practices and improve the quality of sustainability reports, companies are forced to invest in preventive and corrective measures, such as staff training, and technology that allows their operations to be more sustainable, among others.

General Data Protection Regulation (GDPR)

Although not specifically a financial regulation, the GDPR has a direct impact on mid-sized businesses that manage personal data, including customer data in financial services, as it imposes strict obligations on how businesses collect, process, and store their users’ personal information. This forces mid-sized businesses to invest in technology and data management systems, as well as training their employees to comply with strict data protection regulations.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for medium-sized companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Financial rules and regulations that may affect medium-sized companies in the European Union first appeared on Pilsenga blog.

Environmental and financial regulations

Environmental and financial regulations have a major impact on energy sector companies, as many of these companies rely on natural resources and contribute significantly to pollution and greenhouse gas emissions. Environmental financial regulations include rules on emissions, waste management, and resource extraction, which incentivize companies to adopt more sustainable practices, which can be beneficial in the long term but, in the short term, can entail certain challenges and financial burdens.

Financial market regulations

Financial market regulations were developed with the aim of promoting fair competition, preventing monopolies, protecting consumers and driving energy sector companies towards sustainable practices. However, these types of regulations can affect energy sector companies, as they tend to shape the competitive landscape, and operational dynamics, and regulate prices, market access, and business practices.

Compliance with international standards and regulations

International norms and standards keep competitors on a level playing field and encourage sustainable and responsible business practices, so companies operating internationally must comply with various international standards and agreements (e.g. Kyoto Protocol or Paris Agreement). However, compliance with international norms and standards can significantly impact energy companies, as these norms ensure uniformity, transparency, and accountability at an international level.

Tax regulations

Generally, a company’s taxes or fiscal commitments are a great responsibility, which can generate a certain financial burden, however, they can also help shape investments, strategies, and competition in the market.

In the case of companies in the energy sector, they may be subject to specific tax regulations, such as taxes on profits, resource extraction, and carbon emissions, which can vary significantly depending on the region or country in which they operate, so these types of regulations can directly affect the financial outlook of companies in the sector, since these regulations or rules can change at any time due to various factors: geopolitical changes, new international standards, among others.

Financial reporting and disclosure standards

Through financial reporting and disclosure standards, energy sector companies can ensure transparency, accountability, and trust, operating in an open and responsible manner. However, such regulations may affect companies in the sector since they, by following specific financial reporting standards (such as Generally Accepted Accounting Principles or International Financial Reporting Standards), must disclose information about their financial performance, risks, and environmental impact.

What do you think about this topic? Do you want to know more about the financial services of companies in the energy sector in Pilsenga?

If you are interested in Pilsenga’s products or services (including financial services for companies in the energy sector), you can contact us by visiting the following link.

The post Financial rules and regulations that may affect companies in the energy sector first appeared on Pilsenga blog.

Security level

It is recommended that the security level of the provider’s platform be evaluated since SEPA platforms handle highly sensitive financial information, such as account numbers, personal data, and banking transactions. A high level of security allows this information not to be intercepted or compromised by third parties. To evaluate this aspect, you can check the different security mechanisms and protocols that the provider uses to protect its users’ data.

For example, the Pilsenga platform has different security measures such as data encryption, transaction approval, integration of security controls, identity verification platform, backups, multiple asset custody, and two-factor authentication, among others.

Regulatory compliance

It is advisable to assess whether the provider complies with the different regulations and standards of the financial industry and the European Union, as these standards guarantee a certain level of quality and security on the financial platform. It is important to note that SEPA payments operate in an environment regulated by European Union financial regulations and other international laws, so it is essential to comply with these standards to avoid sanctions, fines, and legal problems.

Type of license and complementary services

Generally, financial institutions that provide the SEPA payment service for companies tend to offer other complementary financial services. For this reason, it is recommended to know what other services the provider offers, in addition to verifying what type of license it has, since in this way it can be determined what complementary services are necessary and which are “legal”.

For example, among the main complementary services offered by Pilsenga are the following: dedicated IBAN accounts, batch payments, e-money & IBAN service, Exchange, digital wallet, payment processors, and online ledgers, among others.

Scalability

It is advisable to evaluate whether the provider’s platform has the capacity to scale and whether it can be adapted to the future needs of the company. If the platform is scalable, the company will have the opportunity to grow and expand its operations, being able to project itself and acquire new commercial/financial responsibilities in the medium and long term.

Customer service and attention

It is advisable to evaluate the quality of the provider’s service and customer support, as it is an effective way to get an “idea” of the treatment we will receive, in addition to knowing if the said provider will have the capacity to solve any problem or setback that may arise in the future.

To assess this point, we can contact the supplier through their different official digital channels and analyze the quality and time of their responses. Among the main questions we can ask to assess this aspect are the following:

– Was my question answered satisfactorily?
– Did they try to redirect the conversation to another person or channel?
– Did a bot or a real person answer me?
– How long did it take them to respond?
– Was the treatment cordial and respectful?

What do you think about this topic? Do you want to know more about SEPA payments for companies?

If you are interested in Pilsenga’s products or services (including SEPA payments for businesses), you can contact us by visiting the following link.

The post SEPA Payments for Businesses: Tips for Choosing the Ideal Provider first appeared on Pilsenga blog.

China Yangtze Power Co. Ltd (CYPC)

China Yangtze Power Co. Ltd (CYPC) is a Chinese company specializing in hydroelectric power, which provides public services in China. It is a joint-stock company established in 2002 and currently operates along the Yangtze River (the largest river in China). It owns important hydroelectric plants, including the Three Gorges Dam (the largest hydroelectric power station in the world), the Xiangjiaba Dam, the Xiluodu Dam, and the Gezhouba Dam.

China Yangtze Power Co. Ltd has a total installed capacity of over 71,695 MW, making it the largest renewable energy company in China and the largest hydroelectric power producer in the world.

RusHydro

RusHydro is a Russian hydroelectric company. The Russian hydroelectric power company RusHydro, with an installed capacity of approximately 53,000 MW, is the second largest hydroelectric power producer in the world and the number one power company in Russia. RusHydro is a public joint stock company established in 2004 and currently operates several hydroelectric power plants in Russia. Russia, including the Sayano-Shushenskaya Dam (Russia’s largest power plant).

Centrais Elétricas Brasileiras SA (Eletrobras)

Centrais Elétricas Brasileiras S.A. (Eletrobras) is the largest energy company in Brazil. It was established in 1962 and currently has an installed capacity of approximately 51,000 MW (approximately 40% of Brazil’s electricity), making it the third-largest energy company in the world and the largest in Latin America.
Currently, Eletrobras controls 69% of Brazil’s electricity transmission network and operates several hydroelectric projects in Brazil, including the Itaipu Dam, which is the largest hydroelectric plant in the world in terms of its energy generation capacity.

Enel SpA

Enel SpA is an Italian company specializing in the generation and distribution of electric energy. It was founded in 1962 and currently stands out for operating important hydroelectric projects and plants, mainly in Italy and Spain. It should be noted that Enel SpA has an installed hydroelectric capacity of approximately 13,000 MW in Italy alone and operates in more than 30 countries.

Hydro-Québec

Hydro-Québec is a Canadian utility company specializing in the generation, transmission and distribution of electric power. Its headquarters are in Quebec, Canada and it was founded in 1944 as a state-owned enterprise, specifically by the government of Quebec. It currently operates nearly 62 hydroelectric power plants, making it one of the largest hydroelectric power producers in the world.

Siemens Energy

Siemens Energy is a company with more than 145 years of experience in the hydroelectric sector, during which time it has distinguished itself by providing services and technology for hydroelectric power plants around the world. Siemens Energy has participated in a wide variety of hydroelectric power plant projects, offering engineering solutions, equipment, and technology supply through to the installation and commissioning of hydroelectric plants.

It is important to note that Siemens Energy is currently committed to the energy transition, which, in addition to promoting the use of renewable energy technologies, also aims to decarbonize industrial processes and generate electricity with low or zero CO2 emissions.

Voith Group

Voith Group is a German engineering company with a global presence, thanks to its extensive and diverse portfolio of industrial customers. It was formed as a family business in 1867 and is today one of the largest family-owned companies in Europe. The Voith Group operates in more than 60 countries and is a supplier of equipment and services for hydroelectric power plants.

It is worth noting that in 2000, Voith Group created a joint venture with Siemens Energy, which was known as Voith Siemens Hydro Power Generation GmbH & Co. KG. This company combined Siemens generator technology with Voith’s turbine expertise, offering comprehensive solutions for hydropower plants around the world. However, in 2021 Siemens Energy transferred its 35% stake to Voith Group, and since then Voith Group has been the sole owner of Voith Hydro.

General Electric (GE) Renewable Energy

General Electric Renewable Energy is a division of the American company General Electric (GE) that specializes in the manufacture and supply of hydroelectric turbines, hydroelectric generators, control systems, and mechanical equipment around the world, becoming part of more than 25% of the installed hydroelectric capacity worldwide. In this way, General Electric Renewable Energy is one of the main hydroelectric energy companies globally due to its commitment and broad contribution to the global shift towards renewable energy.

ABB Ltd.

ABB Ltd. is a Swiss-Swedish multinational company, a world leader in power and automation technologies, with an active focus on hydropower solutions. ABB Ltd. has over 125 years of experience in the sector, offering a broad range of products used in hydropower plants, including generators, power transformers, motors, drives, electrical systems, excitation and turbine control, advanced optimization packages and hydropower plant automation systems, which help ensure reliable and efficient operation of hydropower plants.

ANDRITZ Hydro GmbH

Andritz Hydro GmbH is an Austrian company specializing in electromechanical equipment and services for hydroelectric plants. Andritz Hydro GmbH has more than 185 years of experience in the sector, during which time it has installed more than 33,000 turbines around the world, which translates into an installed hydroelectric production capacity of approximately 489,000 MW. Currently, Andritz Hydro GmbH has more than 185 years of experience in the sector, during which time it has installed more than 33,000 turbines around the world, which translates into an installed hydroelectric production capacity of approximately 489,000 MW. The company operates in more than 25 countries.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for energy companies?

If you are interested in Pilsenga’s products or services (including financial services for energy companies) you can contact us using the following link.

The post What are the top 10 hydropower companies globally? first appeared on Pilsenga blog.

However, at the national and regional level, there are other organizations that have joined this fight, such as the Financial Crimes Investigation Unit of Lithuania, which has established certain rules and guidelines to regulate the financial activities of companies and prevent possible financial crimes of their users. Below, we will learn more about the Financial Crimes Investigation Unit of Lithuania, the institution that regulates Pilsenga.

Lithuanian Financial Crimes Investigation Unit

The Lithuanian Financial Crime Investigation Unit (FIU) is the main body responsible for investigating financial crimes and money laundering in Lithuania. It is important to note that this body operates under the guidelines of the Ministry of the Interior of Lithuania.

When was the Lithuanian Financial Crimes Investigation Unit established?

The Financial Crimes Investigation Unit of Lithuania was established on 4 February 1997 as a body under the Ministry of the Interior of Lithuania. Initially it was named the Tax Police Department, but after five years of operations it was reorganized and its name changed to the Financial Crimes Investigation Unit of Lithuania (FIU or FNTT).

Why was FIU created?

The Financial Crimes Investigation Unit of Lithuania (FUI), was established to uncover and investigate financial crimes and other types of legal violations that may affect the financial system of Lithuania. The FUI protects and maintains the financial stability and integrity of the economy of Lithuania.

Main functions

The FUI currently addresses and investigates large-scale financial crimes, including money laundering, tax evasion and fraud, as well as implementing measures that prevent terrorist financing and money laundering, which can significantly affect the national economy of Lithuania.

Through various measures implemented, the FUI guarantees the legitimacy of financial transactions and the proper use of funds. of the European Union, having the ability to focus on the detection of large-scale and cross-border illicit activities.

The FUI conducts investigations and implements measures to prevent money laundering and terrorist financing, as well as recovers taxes that have been concealed or evaded, thereby ensuring the return of resources belonging to the state and safeguarding the national financial system of Lithuania.

What do you think about this topic? Do you want to know more about other institutions that regulate Pilsenga?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Learn more about the Lithuanian Financial Crimes Investigation Unit that regulates Pilsenga first appeared on Pilsenga blog.