Tag is: the Service Service

Spanish bank BBVA to begin offering Bitcoin and Ethereum trading

by the Logistics TransportIn the the General Assembly

BBVA’'s customers in Spain’ will soon be able to buy, sell and manage bitcoin and ethereum transactions through the bank's app after the lender gets the green light from the Spanish Securities and Exchange Commission’ (CNMV).

According to the European Regulation on Crypto Asset Markets ’ne (MiCA), banks need to get this approval if they want to offer crypto services.

In a statement, the bank said that customers in “, Spain, will be able to manage their accounts, investments and regular banking activities, as well as crypto asset trading orders directly from within the app, ’ said.

“ Initially, the service will be offered to a small group of users and gradually in the coming months will be offered to all private customers in Spain’

Together with Germany's Deutsche Bank and France's Société Générale in ’, the Spanish bank is at the forefront of launching crypto services in Europe's ’.

Traditional financial institutions are increasingly embracing digital currencies, a trend supported by an increasing number of regulatory frameworks in the US and Europe.

BBVA has been offering similar options in Switzerland and Turkey’ since 2021 and 2023’, respectively.

In these countries, regulatory frameworks were already in place before MiCA’, AB’'s crypto regulation, came into full force in December 2024’.

The Spanish bank said in a statement that the new service does not rely on third parties to guarantee the security of customers' assets.

“BBVA will use the bank's own cryptographic key storage platform, which allows it to have full control over protecting its customers' crypto assets without relying on third parties, ” said.

BBVA added that the new service will be offered to those who want it, and announced that the bank will not provide consultancy services.

DFDS opens new shipping line on Egypt and Italy route

by the Logistics TransportIn the Category: Logistics

DFDS, the leading company in maritime transport and logistics, has opened a new maritime shipping frontier in the middle of Egypt and Italy.

With the introduction of the new line, DFDS included Mısır ⁇ in its service network for the first time, and started the first Ro-Ro transportation service in the middle of these markets nearly a decade later. The new border will make it easier to transport loaded grain and fruit, weaving and other goods to Europe via the Port of Trieste, and various works such as dairy works, agricultural and industrial works from Europe to Egypt. 

Shorter delivery deadlines will give you an advantage

The Dimyat-Trieste border, which will make its first voyage with its historical prestige on November 29, 2024, offers a fast and cost-effective alternative to container transportation, especially for perishable artifacts. The service, which will be organized once a week from both ports, will be operated for a period of approximately 68 hours from Dimyat ⁇ tan on Fridays and from Trieste ⁇ on Mondays.

Lars Hoffmann, Head of DFDS Mediterranean Business Unit, stated that they are very excited to announce the opening of the new sea freight transportation line in the middle of Dimyat and Trieste as DFDS and said ⁇ With this new route, our customers will benefit from shorter transit times and competitive transportation offers ⁇ . 

DFDS entered into a strategic partnership with Pan Marine Shipping Services, the leader in shipping and logistics services in Egypt for the Egyptian operations of this service. For this new route, Pan Marine commissioned a special terminal in Dimyat Port and the terminal was equipped to manage all shipments, thus ensuring a problem-free and efficient process for cargo loading and unloading.

Pan Marine Deputy Leader Marwan El Shazly said the following about the new service: As Pan Marine, a comprehensive transport and logistics service provider, we offer marine assays in accordance with the requirements of both the local market and our global customers. The introduction of the new maritime freight transport route is a valuable milestone in Egypt's commercial relations with Europe. We are pleased to partner with DFDS to deliver innovative and efficient shipping assays. ⁇ 

New border offers opportunities for Turkish shipping companies

The new Dimyat-Trieste route is expected to increase commercial activity in ports and surrounding areas. In particular, the increased activity in the port of Trieste is expected to create new opportunities for Turkish transport companies already operating in Europe, in relation to the transport of incoming goods to other European markets.

Lars Hoffmann, Head of the Mediterranean Business Unit, said: "This new route will inevitably increase cargo from Trieste ⁇ ye and Trieste ⁇ to other European markets. In this context, the launch of this service will naturally increase the commercial dynamism in the region and make it possible for Turkish transport companies operating in Europe to provide transportation services for goods that will reach the Egyptian to Italian and other European markets. We are confident that this initiative will strengthen economic ties and promote growth for all in the region.

The new line was introduced on 5 November 2024 in Cairo, Egypt, at an event attended by local authorities, DFDS customers and representatives.

First annual decline in service production after 3.5 years

by the Logistics TransportIn the Category: Logistics

The Turkish Statistical Institute (TurkStat) announced the service production index data for July.

Accordingly, the index decreased by 0.1 percent in July compared to the same month of last year.

On an annual basis, transport and storage services decreased by 0.6 percent, accommodation and food services decreased by 1.1 percent, real estate services decreased by 5.7 percent, professional, scientific and technical services decreased by 5.4 percent, information and communication services increased by 5.7 percent and administrative and support services increased by 4.8 percent.

In July, the service production index decreased by 0.2 percent compared to the previous month.

When the sub-sectors were examined, transportation and storage services on a monthly basis increased by 0.1 percent, real estate services by 3.5 percent, administrative and support services by 0.1 percent, accommodation and food services by 0.3 percent, information and communication services by 1 percent, professional, scientific and technical services by 2.4 percent.