YUTA - national association of travel agencies in Serbia
YUTA
1)YUTA for the purpose of better organization of tourism business environment acts in linking the administration and initiatives which come from business sector towards public authority and governmental sector 2) Establishing interactions of local and regional members with international authorities and associations with the purpose of integration the stable international tourism courses 3) Implementation of the digitalization as the stable solution for the improving resilient and sustainable impact in the everyday business cycles in the tourism ecosystem
ID: 902782946454-01
Lobbying Activity
28 Jun 2023
YUTA - MonTiN Safe administration strongly supports a great progress of the European Commission in establishing the elements for integration of multimodal traveling in the massive everyday usage and in processes for achieving that multimodal traveling becomes the favorite journey options. Thanks to the introduced delegated regulation proposal - the multimodal traveling can be better recognized within the legislation frame. Within this feedback, YUTA - MonTiN Safe Administration strongly support proposed delegated regulation, where, also, would like to give a light about importance for establishing the coherency between multimodal agenda, Instant payment regulation, digitalisation of traveling documents and better protection of traveler's rights. For instance - during the fast mode switch, it is very important that fast re-booking is well matched with traveling documentations, instant payment service and protecting consumer's rights. In that sense, metadata of instant payment process, re - booking segment and the information system which handles digital traveling documents will contain the same sequences.Therefore, within this Delegated regulation it is possible to be recognized interoperable matching of the aforementioned metadata sets, which can help in establishing the higher level of coherency of linked agendas. Therefore, the proposal of YUTA - MonTiN Safe administration is that the European Commission considers to modify the segment: "4. Member States shall reach an agreement, in cooperation with relevant ITS stakeholders, on the metadata requirements. The data holders shall ensure that they provide the metadata on the basis of those requirements." with adding the normative that metadata need to be interoperable with metadata provided in instant payment process (or payment with Digital euro or other CBDCs) which is correlated with multimodal service and metadata gained from information system for matching digital traveling documents with multimodal traveling. YUTA - MonTin Safe administration stays available for any kind of support which can help in implementation of multimodal traveling in massive daily usages and for transmission the importance of multimodal traveling to other administrations in which our sector is involved and which correlate with the better protection of consumer rights and with the payment processes. Kind regards, YUTA - MonTiN Safe administration team
Read full responseResponse to Enhancing the convergence of insolvency laws
17 Mar 2023
The tourism sector is an ecosystem, which directly depends on functioning linked business processes and which interconnects, not just the functioning of businesses chains of different business sectors, SMEs, individual entrepreneurs, but also involves that this established business environment is organised towards the end customer, where the complete ecosystem needs to take care of preserving customer rights and prevent the abuse of the rights of some linked and involved business subjects on any level. Therefore - an efficient payment process is very vital for the resilient functioning of the tourism ecosystem, which contributes 10% to EU GDP. Late payments in the tourism ecosystem are very common, more than in any other environment (60 % of all payments in tourism arrive in late payment cycles). Therefore, insolvency of one linked subject in tourism can trigger a chain reaction and escalate in progressive liquidity and bankruptcy issues of other linked business subjects what happened during COVID -19 and post COVID -19 period. YUTA - MonTiN Safe administration is involved in the realisation of a standardised guarantee platform for the realisation of obliged business terms (within a SMART contract process) of linked business subjects, which involves SMART contract, ESCROW procedure, penalty obligation, independent referee for detecting business term(s) realisation or detecting the degree of deviation and multi payment processes. With the involvement of this kind of digital guarantee insurance and the interconnection with factoring crediting service - late payments in the tourism sector can be immediately translated into the instant payment processes. With the process of integration of this kind of a guarantee platform, it is established impact which is noted in the attachment. YUTA / MonTiN Safe administration strongly supports the European Commission efforts for improving the resilience for economy stability and stays available for any possible contributions in achieving this important agenda.
Read full responseResponse to Key performance indicators for the Digital Decade policy programme 2030
13 Mar 2023
YUTA - MonTiN Safe administration would like to note that possible additional indicators can be involved: 1) Usage of Digital Euro 2) Involvement of digital insurance, which links payment process (including penalty) with independent (human or digital referee) and degree of realization business term(s). In a way if the penalty obligation is present - it prevents possible court process or process of arbitrage, therefore, indicators of success are the total number of penalty transactions, as well as the level of integrated digital insurance in daily usage 3) digital health insurance and achieved integration with other international health sectors in a way for better regulation of tourism health sector and preventing the abuse of health insurance by individual international passengers 4) established level of interconnected universities informational systems for verification of completed level of education and comparative mechanism for matching with level with similar programs on another university. Indicator of success can be the total number of involved universities YUTA - MonTin Safe expert administration strongly supports European Commission efforts in establishing global harmonization of digital economy agenda and accomplishing the EU digital targets.
Read full responseResponse to 2023 Strategic Foresight Report
13 Mar 2023
Accumulation of fragility in the functioning of linked business processes, as well as the lack of efficient mechanism for preserving consumer rights and preventing the abuse of rights have a direct impact on economy stability, what was detected in COVID-19 and post COVID-19 period. Implementation of the digital guarantee service, which can ensure realization of linked business processes, preserve functioning of the supply chains (including prevention of solvency issue and prevention of the bankruptcy reflection of single subject towards other segments of supply chains), linkage of this digital guarantee insurance with Digital Euro and Instant payment in Euros - are very important for resilience of Single Market, EU monetary stability and within involvement of the guarantee service, which can be linked with Digital Euro payments and which can be used for the insurance for functioning international trade sector, harmonized European approach in contribution to global economy stability can be achieved. Coordination with OECD digital economy agenda is very important, as well as establishing standardized guarantee service for green bonds emission and controlling mechanism, which is linked with the penalty payment regime, if the obliged emission reduction is not realized. Coherency with OECD AI activities can also be very useful, in a way that involved EU AI Tools are harmonized and interoperable on a global level. This is very important for the detection of potential fraud attempts according to received information of linked international transactions. Cohesion of digitalisation of biometrics documents, data center and AI tools, which monitoring payment transactions and, additionally, if there is a linkage with guarantee service for realization of previously obliged business terms, which can confirm the reason for payment transaction and realization of the purpose, which was the base for payment transaction - a huge level of preventing crime activities can be achieved. All of aforementioned points are strategically very important topics for the EU. YUTA and MonTiN Safe administration are involved in realization of the digital guarantee for realization of confirmed business terms in tourism sector, and according that this kind of digital guarantee platform (which directly coordinate all linked subjects, payment processes and penalty obligation) can be used for higher public good contribution, MonTiN Safe and YUTA team are available to the European Commission and linked sectors for any kind of support.
Read full responseResponse to Single Market Emergency Instrument (SMEI)
13 Jan 2023
YUTA - within the interaction with MonTiN Safe administration, is strongly involved in placing the resilient solution for integrating the digital guarantee for functioning the linked business processes (which is the most important for the tourism ecosystem, according to the complexity of the different linked processes - for having maintained functionality and which need to be synchronized). This guarantee service can be translated to the other ecosystem. Braking functionality of the linked business processes, which exponentially increase during the crisis situation - has a great impact on risk entropy. Considering the fact that the introduced digital guarantee service gains information about all linked business processes and obligated penalty amount (in a situation for canceling the previously agreed business terms), this is a great tool for central monitoring of the efficiency in functioning the linked business processes. Furthermore - it is a great source for collecting the information about the price for cancellation of delivering the agreed terms. In a context of the regulation, where the measures for the crisis situation involves the business subjects for increasing the production of the vital products - solvency, as well as the penalty obligation and eventual sanctions, which the government sector places (if the business subjects do not increase the announced production) have a significant impact towards placing a resilient control mechanism within the crises. In that matter - if the placed sanctions are less than the penalty obligation of cancellation of the agreed service (which need to be canceled in a purpose that some subjects realize the announced production), then the control mechanism is useless. On the other side, there is also a need for prevention of the potential frauds - some business subjects sign the fictional contracts with the penalty obligation in a purpose to avoid the realization of the announced production. Correlating the fact that the digital guarantee confirms the realization of the business terms, as well as - from the platform a total penalty amount for cancellation can be extracted, therefore, the screening instrument for placing the sanction mechanism can be established. Considering the accumulation of the locked money amount on the infrastructure of the digital guarantee service, the locked accumulated money amount can be used as a fund for solvency issues during the crises - as well as the fund for compensation of the penalty sector, which applies if the certain business companies need to cancel previously agreed terms for the purpose of realization of the announced production. Within the introduced usage of the digital guarantee platform for screening mechanism for functioning the linked business processes and realization of the agreed production - if the digital platform is linked with the central AI system, than it is established the tool for detecting the fragility and lack of presence of some vital products on certain market and this can be detected at the beginning, therefore, the accumulated fund also can be used for repairing the found fragility before any impact on the risk entropy. In that matter - YUTA and MonTiN Safe administration would like to note that the regulation of the functioning of the linked business processes within the crises, need to be in a strong correlation with the financial regulations. MonTiN Safe administration has initialized the procedure towards open interaction with KPMG in a purpose of placing the analyses if the collected money amount is sufficient (and in which level) for handling the solvency problem within the crises and for penalty compensation. YUTA - MonTiN Safe administration strongly supports all efforts of the European Commission in placing the resilient solution of the economy stability in all regimes (regular functioning of the single market, taking care of the consumer rights and in the regime of the crises). Great regards
Read full responseResponse to Instant Payments
5 Jan 2023
YUTA sector, within MonTiN Safe administration, has recognized instant payment as a very important instrument for integration of the multimodal traveling, central international currency exchange, removing fragility in functioning of the linked business processes (which is very important for tourism sector), and, therefore - as a necessary building brigs of global digital economy. Within the fact that YUTA sector is strongly involved in repairing fragility in functioning of the linked business processes, which include integration of globally standardized digital guarantee for realization of the previously agreed business processes which concerns digital payment and where this process YUTA handles with MonTiN Safe administration - which is active on a global level (OECD - including involvement of AI globally synchronized elements, activities in global regulation of cross - border data flow, SWIFT, processes of involving digital national currencies like digital Euro, digital Swiss Franc, digital Pound, digital Dollar in elements of guarantee process), attached is placed MonTiN Safe review on proposal of instant payment regulative, including reflection of instant payment on tourism sector. Kind regards,
Read full responseResponse to European Union’s Stabilisation and Association process
1 Dec 2022
Correlating, from the one side, the similar dependency of the efficient functioning of linked business processes in tourism ecosystem and trade ecosystem, that trade sector supply chains are integral element of tourism sector, and that trade policy mesure like tax relaxation and excise refunds in transportation are linked with the traveling industry, that digitalisation of tourism can be translated in similar way for trade digitalisation, and that consumer rights protection and preventing the abuse of the rights can be implemented in the same way in tourism sector as in trade, but from other side that YUTA administration is directly involved in territorial jurisdiction of Western Balkans - YUTA administration's proposal, for the trade regulation, can be found in the attachment. YUTA - MonTiN Safe administration is strongly involved in placing the resilient and sustainable solution for repairing the fragility in the tourism ecosystem, and in placing the functional solution is strongly recognized digitalisation agenda of the European Commission and involvement of the digital payment instrument - like digital euro, which also can be involved in the trade agenda, in the same way. Considering the YUTA involvement in the regional activities of the Western Balkans and belongings in the global administration, our team is available for any proposal of the European Commission for the possible contribution of our team in supporting the Agenda of the European Commission in placing the stable axis for the global economy stability with one side, and with the other for contribution of involvement the region like it is Western Balkan in harmonized regulation within the recognized sophisticated European approach.
Read full responseResponse to Open finance framework
2 Aug 2022
Covid - 19 crises explicitly has shown the fragllity of the business processes in many sectors .
The one of the most sensitive, certainly, has been the tourism ecosystem (not just because it is composed from traveling, hosting, selling, marketing and organization & logistic processes, but also each of those segments need to be settled during the complete payment process with the coherence of maintaining the arrenged level of realization and preserving the customer rights).
Therefore, YUTA - MonTiN Safe administration is very interested in the processes of the realization of the new regulations and legislation in the domain of the payment sector, not just because of the base payment settlements of all linked subject in the package arrangement, but also in the manner of placing the uniform platform for guarantees of realization the previously agreed business terms, which is basically linked for the multi - payment process, and which can bring that each linked subject delivers on time his arranged business terms.
With this kind of guarantee platform, tourism ecosystem can become much more resilient on the possible future crises scenarios in the one hand, and in another - with this kind of guarantees is only possible to be involved full integration of the multimodal traveling and preserving customer rights, together with preventing the abuse of rights during the switching modes (therefore all participators are maximally protected), and where all of that take bases from the payment processes and procedures which are placed in the guarantee platform.
In that manner - new payment regulation is very important for maintaining resilient processes in tourism ecosystem which contributes 10% of EU GDP.
This 10 % of EU GDP is a high critical mass which has a certain effect on the monetary stability, therefore payment processes and payment regulation and legislation which directly will interfere with this 10 % of EU GDP - the explicitly is correlated with the global economy stability.
According to the aforementioned, YUTA - MonTiN Safe team strongly supports that the current European Commission activity in adaptation of payment legislation is coherent with the Agenda of digital euro.
YUTA - MonTiN Safe also, unreserved, supports the European Commission activities in adaptation of legislation and regulation of the payment sector, and our team is available for interactions of any kind or actions from our team in the domain in which our administration is established and what can bring the progress in setting up the more resilient businesses processes.
YUTA - MonTiN Safe team
Read full responseResponse to Review of EU rules on payment services
2 Aug 2022
Covid - 19 crises explicitly has shown the fragility of the business processes in many sectors .
The one of the most sensitive, certainly, has been the tourism ecosystem (not just because it is composed from travelling, hosting, selling, marketing and organization & logistic processes, but also each of those segments need to be settled during the complete payment process with the coherence of maintaining the arranged level of realization and preserving the customer rights).
Therefore, YUTA - MonTiN Safe administration is very interested in the processes of the realization of the new regulations and legislation in the domain of the payment sector, not just because of the base payment settlements of all linked subject in the package arrangement, but also in the manner of placing the uniform platform for guarantees of realization the previously agreed business terms, which is basically linked for the multi - payment process, and which can bring that each linked subject delivers on time his arranged business terms.
With this kind of guarantee platform, tourism ecosystem can become much more resilient on the possible future crises scenarios in the one hand, and in another - with this kind of guarantees is only possible to be involved full integration of the multimodal travelling and preserving customer rights, together with preventing the abuse of rights during the switching modes (therefore all participators are maximally protected), and where all of that take bases from the payment processes and procedures which are placed in the guarantee platform.
In that manner - new payment regulation is very important for maintaining resilient processes in tourism ecosystem which contributes 10% of EU GDP.
This 10 % of EU GDP is a high critical mass which has a certain effect on the monetary stability, therefore payment processes and payment regulation and legislation which directly will interfere with this 10 % of EU GDP - the explicitly is correlated with the global economy stability.
According to the aforementioned, YUTA - MonTiN Safe team strongly supports that the current European Commission activity in adaptation of payment legislation is coherent with the Agenda of digital euro.
YUTA - MonTiN Safe also, unreserved, supports the European Commission activities in adaptation of legislation and regulation of the payment sector, and our team is available for interactions of any kind or actions from our team in the domain in which our administration is established and what can bring the progress in setting up the more resilient businesses processes.
YUTA - MonTiN Safe team
Read full response