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S&P affirms Principality of Andorra rating at ‘BBB-/A-3’ Ratings; Outlook Stable

S&P Global Ratings affirmed its ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings on the Principality of Andorra. The outlook remains stable.

According to S&P, Andorra’s government continues to pursue its reform agenda, the country’s economy is gradually recovering, government finances remain under control, and the financial sector has stabilized.

As a result, S&P …

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New custom rules provide the refusal to pay custom duties on the temporarily imported into the territory of Andorra art works

Andorran government approved amendments to the Customs Code of the Principality. They provide the refusal to pay customs duties on the temporarily imported into the territory of the Principality of art works, if the purpose of their introduction – public or private exhibitions.

The corresponding decision was made in the framework of stimulating the development of …

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In 2015 Andorra imported from China goods and services worth EUR 45 million, exported worth EUR 1.5 million

photo: govern

Andorra’s Foreign Minister Gilbert Saboya spoke at the conference on joint business projects of Andorra and China. The purpose of the conference – the strengthening of business relations between the two countries such as tourism, education, innovation, culture and sport.

The conference was also attended by the Chinese Ambassador in Andorra Lyu Fan, …

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Director of ACTUA Imma Jiménez participated in the seminar “Corporate Social Responsibility. Youth for Europe ” in Brussels

photo: ACTUA

Director of the Economic Development Agency of Andorra ACTUA Imma Jiménez participated in the seminar “Corporate Social Responsibility. Youth for Europe “, which took place in Brussels on 16th, January. The event was also attended by the representatives of Belgium, the Netherlands, Hungary, Slovenia, Serbia, Turkey, Poland, the UK and the Czech …

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Financial companies and banks of Andorra will keep their accounting in accordance with International Financial Reporting Standards (IFRS) of the European Union since 2017

The Head of Government of Andorra Antoni Martí signed a decree, according to which financial companies and banks in Andorra will keep their accounting in accordance with International Financial Reporting Standards (IFRS). The corresponding initiative was announced by the Minister of Finance Jordi Cinca.

The decree comes into force on 1st January 2017 and supersedes the …

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Morabanc presents new platform for e-banking and plans to increase the number of customers up to 50%

Today Morabanc has presented a new platform of digital services (e-banking) as a “new way of doing banking business”. According to the bank’s general director Lluís Alsina, the main goal of the bank – to increase the number of customers using online banking services and other digital services, up to 50%. “It’s ambitious, but realistic, …

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