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Marc Pons became a new director of the government investment fund ActuaTech

photo: Actua Tech

Marc Pons became a new director of the government investment fund ActuaTech. This decision was taken by the board of directors of the fund, which includes representatives of the Andorran government, Andorra Telecom, the energy company of Andorra (Forces Elèctriques d’Andorra) and the University of Andorra.

Mark Pons is a telecommunications engineer, …

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The Government of Andorra approved a provision on the licensing of gambling in the Principality

The Government of Andorra approved a provision on the licensing of gambling in the Principality. The document was considered by the Council of Ministers on 13th December on the initiative of the Andorra Gambling Regulator. In particular, new law concerns issuing class I and class J licenses for the Bingo operators.

A Class “I” license refers …

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Elections to the Andorran Chamber of Commerce and Industry (Cambra de Comerç, Indústria i Serveis d’Andorra) will be held on 4th April

Elections to the Andorran Chamber of Commerce and Industry (Cambra de Comerç, Indústria i Serveis d’Andorra) will be held on 4th April.

The corresponding decision was taken by the Government of Andorra on 6th December.

Members of the Chamber of Commerce and Industry are elected for a period of six years.

13 members will be elected during coming …

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The Council of Ministers of Andorra introduced a new tax regime for business restructuring operations

According to the initiative of the Minister of Finance of the Principality Jordi Cinca, the Council of Ministers of Andorra decided to introduce a new tax regime for business restructuring operations.

The corresponding decision implies changes in the Regulations on income tax and capital gains tax, as well as in the Regulation on the transfer of …

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17th annual forum with the participation of representatives of the family business took place in Andorra on 1st December

17th annual forum with the participation of representatives of the family business took place in Andorra on 1st December. The event was attended by the head of the government of Andorra, Antoni Marti, who in his welcoming speech stressed the importance of the family business in the history of Andorra. “Family business is important not …

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MoraBanc and Vall Banc signed an insurance agreement

MoraBanc and Vall Banc signed an insurance agreement. According to the agreement Morabanc plans to to acquire Vall Bank’s insurance portfolio in the field of life and health insurance, as well as the implementation of the corresponding lending operations.

This agreement, signed on Monday, November 27, is now to be approved by the Ministry of Finance of …

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The government of Andorra issues bonds worth a total of 100 million euros to refinance the public debt

The government of Andorra issues bonds worth a total of 100 million euros to refinance the public debt.

The bonds will be issued in two tranches: 50 million euros each.

The final release terms are as follows:

Issuer: The Government of the Principality of Andorra
Number of shares issued: 100,000
Instrument Category: Zero Coupon
Forms of promissory notes: 18 months
Fixed interest …

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