Minister of Tourism and Trade of Andorra Francesc Camp submitted to the Parliament the project “Trade Competitiveness”. The project is aimed to develop cooperation between state and private entities involved in the development and implementation of a strategic plan for the development of shopping tourism. In particular, during his speach he talked about the improving of …More
Everis NTT company opens a branch in Andorra in the second quarter of 2017. The company will employ 25 people.
Today Everis company has offices in 16 countries (including Argentina, Belgium, Brazil, Chile, Colombia, Spain, Italy, Morocco, Mexico, Peru, Portugal, United Kingdom). In total, 17,000 specialists work in the company, in the last financial year the …More
Today the Council of Ministers of Andorra approved the proposal to build a national heliport in the administrative district of Encamp. According to the project, the minimum area of the heliport is 4000 m2 with the possibility of expanding to 6,000 m2. Takeoff and landing of helicopters is possible in two directions with an angle …More
Agustín Berasaluce and José Gefaell became independent directors of Morabanc. These assignments are related to the bank’s policy of focusing on international corporate governance standards. In particular, the independent directors will oversee the remuneration of directors, audit and compliance procedures in accordance with the recommendations and best world practices.
The new directors replace Gilles Serra and …More
The Government of Andorra submitted an Agreement on avoidance of double taxation between Andorra and the United Arab Emirates (UAE) to the Parliament, reported the Minister for Foreign Affairs of Andorra Gilbert Saboya.
The agreement was signed by the governments of two countries in July 2015. The text of the agreement fully meets all requirements of …More
Fitch Ratings has revised the Outlook on Andorra’s Long-term Issuer Default Rating (IDR) to Positive from Stable. The Long-Term IDR is affirmed at ‘BBB’. Fitch has also affirmed the Short-Term IDR at ‘F3’ and the Country Ceiling at ‘A-‘, reports the agency.More
The Council of Ministers of Andorra has officially announced today the launch of the first mini hydro power plant in Arcalis. Mini hydroelectric power station at Arcalis was built as a part of a campaign to increase the power generation in the Principality of Andorra from renewable sources to reduce energy dependence on neighboring countries.
This is …More
Today Minister of Tourism and Trade of Andorra Francesc Camp has reported about main data on the number of foreign investments in 2016. According to official data, foreign investment accounted for 3.8% of the total GDP of Andorra. The volume of investments from Spain decreased from 53.7% in 2015 to 39.6% in …More
On 10th February, Minister of Finance of Andorra Jordi Cinca welcomed the delegation of Business Council Alliance of Latin America (CEAPI). He spoke about the reforms, their consequences and the future plans for the promotion of Andorra in the international market.
In particular, the Minister spoke about the evolution of Andorra, its economic sphere, the effects …More
The government of Andorra increases the tax rate for the group of products of tobacco, including cigarettes, by 10%. “Amendments will be considered by Parliament over the next few days”, – reports the Government of Andorra.
The purpose of the legislative changes – the alignment of the prices for tobacco with the neighboring countries in connection …More