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The Andorran Council of Ministers approved a new bond issue worth a total of 100 million euros to refinance the public debt

The Andorran Council of Ministers approved a new bond issue worth a total of 100 million euros to refinance the public debt.

Terms of issue:

Issuer: The Government of Andorra

Number of shares issued: 100,000

Instrument Category: Zero Coupon

Term of promissory notes: bonds for 12 months

Fixed interest rate: zero coupon

Income from depreciation: 0.65% per year

Issue price: 993.54 euros

The release …

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Andorra Market Place starts LAB Impact Andorra training program for clients of Morabanc (Andorra) and Fundació Ship2B (Barcelona)

photo: Morabanc

Andorra Market Place starts LAB Impact Andorra training program for clients of Morabanc (Andorra) and Fundació Ship2B (Barcelona), whose goal is to help small businesses start-ups in the Internet.

In Barcelona, training seminars started yesterday with the participation of project managers Eva Ālvarez and Ruben Arranz. Among the seminar participants are entrepreneurs working …

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Fitch Ratings has affirmed Andorra’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’

Fitch Ratings has affirmed Andorra’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’. The Outlook is Positive. A full list of rating actions is at the end of this rating action commentary.

KEY RATING DRIVERS
Andorra’s IDRs reflect the following rating drivers:

The country’s wealth, relatively strong public finances and political stability are balanced by the economy’s small …

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Andorra keeps compatible prices for electronics, household appliances, pharmacy, alcohol and tobacco in reference to France and Spain; at that the price gap can come up to 40%

The President  of the Federation of Business Associations of Andorra (FACA) Antonio Miralles claimed that Andorra will keep compatible prices for electronics, household appliances, canadian pharmacy, alcohol and tobacco in reference to France and Spain; at that the price gap can come up to 40%. The market researches, conducted by Spanish marketing agencies in accordance to …

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Standard & Poor’s has improved Andorra’s sovereign rating from “BBB- / A-3” to “BBB / A-2” in the long-term and short-term, and maintains a stable outlook

Standard & Poor’s has improved Andorra’s sovereign rating from “BBB- / A-3” to “BBB / A-2” in the long-term and short-term, and maintains a stable outlook. The rise of the rating shows a recovery of the country’s economy after the crisis with the BPA bank, as a result of which the rating was reduced to …

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According to the report of Global Forum on Transparency and Exchange of Information for Tax Purposes, Andorra “basically meets” all OECD requirements

Global Forum on Transparency and Exchange of Information for Tax Purposes published the results of Andorra’s compliance with international standards in this area. According to the report, Andorra “basically meets” all OECD requirements.

Andorra was one of the 15 countries participated in the study. Previously, these countries had a rating “meet not fully international standards for the …

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Andorra continues the policy of international openness and welcomes foreign investments in the principality: Andorran PM Antoni Marti

Andorran PM Antoni Marti took part in the 28th conference of Trobada Empresarial al Pirineu. The conference was attended by 600 representatives of the government, business and educational institutions of Catalonia and Andorra. The conference was held on 15th and 16th June in La Seu d’Urgell (a border town near Andorra in Spain).

In his welcoming …

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