The Andbank Group, with its commitment as a benchmark private banking international family banking and financial group, reinforces its senior management by adding a manager of recognised standing to its headquarters, reports the bank. The aim of the appointment, pending AFA authorisation, is to ensure the cohesion and standardisation of the highest …More
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 …More
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, …More
Juan Hernando, manager of MoraBanc, is recognized as one of the 10 best banking employees in Spain. These data are presented in the ratings of the magazine “Funds People”. The 40 financial companies and investment institutes participated in the rating. This year it has attracted more than 400 votes – a record number in the …More
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 …More
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 …More
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 …More
The Council of Ministers of Andorra approved a provision on payment services and electronic money. The document implies the introduction of European rules and standards applicable to payment service providers. First of all, we are talking about cross-border payments between Andorra and the member states of the European Union, as well as technical requirements for …More
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 …More
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, …More