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The Andorran Minister of Economy and his Spanish counterparts met to talk about innovation

The Andorran Minister of Economy and his Spanish counterparts met to talk about innovation

Gilbert Saboya, the Andorran Minister of Economy, Competitiveness and Innovation, visited Madrid to meet Francisco Polo, Spanish Secretary of State for Innovation, to discuss the experiences of both countries in innovation. The two officials exchanged views on their government’s policies and actions …

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Fitch Ratings affirms Andorra at ‘BBB+’. Outlook is stable

Fitch Ratings has affirmed Andorra’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB+’. The Outlook is Stable.

A full list of rating actions is at the end of this rating action commentary.

Under EU credit rating agency (CRA) regulation, the publication of sovereign reviews is subject to restrictions and must take place according to a published schedule, …

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S&P Global Ratings affirmed its ‘BBB/A-2’ long- and short-term foreign and local currency sovereign credit ratings on Andorra

On July 20, 2018, S&P Global Ratings affirmed its ‘BBB/A-2’ long- and short-term foreign and local currency sovereign credit ratings on Andorra. The  outlook is stable.

The stable outlook balances our expectation of robust economic activity and sound fiscal performance against risks related to the large size of Andorra’s financial sector.

S&P could raise the ratings if

Andorra improves its …

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New amendments to the Andorran Immigration law mean that private entrepreneurs are now obliged to make a deposit of 15 thousand euros

New amendments to the Andorran Immigration law mean that private entrepreneurs are now obliged to make a deposit of 15 thousand euros

The Andorran Immigration law 9/31 of May, 31st has been changed again.

Since 2012, the law has already been changed several times. The first amendments affected passive residences – they became …

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The company with 100% Andorran capital, La societat Jocs SA, won the tender for the implementation of the casino project in the Principality

The company with 100% Andorran capital, La societat Juegos SA, won a tender for the implementation of the casino project in the Principality. This decision was made by the government commission after four months of studying the proposals of the candidates. In total, 9 proposals were submitted from business groups. Among other candidates were Genting …

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Grandvalira officially announced the beginning of its rebranding because of a dividing into two ski zones

Grandvalira officially announced the beginning of its rebranding. The reason is a dividing of a ski resort into two different sectors. It was reported by directors of joint-stock companies representing the interests of Grandvalira – Ensisa, Nevasa and Saetde: David Hidalgo, Alfonso Torreño and Verónica Canals. “Now we are working on possible scenarios for rebranding …

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Andorra has expanded the list of countries for tax information exchange

Andorra has expanded the list of countries for tax information exchange.

The amendment to the law will be adopted in 2020. Thus, Andorra will exchange information with a total of 95 jurisdictions.

The new countries included in the list are: Azerbaijan, Nauru, Pakistan, Panama, Saint Kitts and Nevis, Anguilla, Bahamas, Bahrain, Barbados, Belize, Ghana, Lebanon, Marshall Islands, …

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The 29th edition of Business Meeting of the Pyrenees will be organized on 14th and 15th June at la Seu d’Urgell

The 29th edition of Business Meeting of the Pyrenees will be organized on 14th and 15th June at la Seu d’Urgell. It is called “Leading sustainable growth”. Josep Borrell, former President of the European Parliament, is invited as a main speaker of the conference.

The event will focus on the future challenges faced by the European Union …

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