FEDA put into operation a new line with a capacity of 225 kV to increase its capacity of electricity network. Now the new line connects transformer substations in the French city of l’Hospitalet and Andorran Grau Roig. Recent tests were conducted last week, which gave the opportunity to put a new line into operation officially this …More
Andorran government approved the projects of construction of 4 mini-hydropower stations in the districts of La Massana and Canillo, reports the Government. Both projects are aimed at using water as a generator of electricity and are part of the energy policy of the Government.
In the report the Government also indicates that the projects meet all the …More
Association of banks of Andorra declares there are no limits on the inflow and outflow of money in Principality, reports the Association of Andorran banks (Associació de bancs d’Andorra, ABA.
Earlier on 3d December the financial intelligence department of Andorra published new requirements for financial institutions which determine the ability to control the amounts of money …More
On 15th December the ski resort of Andorra Grandvalira held the official opening ceremony of the new cable car in sector El Tarter, Canillo. Modern building with total area of 2500 square meters includes several relax areas, a separate enclosed area for VIP clients, a café, office space, office of the ski school, ticket office, …More
The General Director of Grandvalira-Ensisa Blanch Conrad reported on the final results of the 2014-2015 season – the company recorded a profit of 3.6 million euros, 800 000 euros more than in the previous season. The Board of Directors decided to pay dividends to shareholders in the amount of 900 000 euros. The rest part …More
Andbank reported on its strategic alliance with the investment house of Israel “Sigma” (Sigma Investment House) by acquiring 60% of the company’s business. The Chairman of the Board of Directors of investment house “Sigma” is Dan Galai is one of the founders of VIX.
VIX is a trademarked ticker symbol for the CBOE Volatility Index, a …More
According to “The Banker” (The Financial Times group), MoraBanc named as the best Andorran Bank in 2015. This title is awarded to Morabanc for the fourth time during last seven years. President of Morabanc Francesc Mora and Chief Executive Officer Pedro González took part at the award ceremony, which was held in London on 2 December with the …More
The 3nd conference of winemakers—producers of high-quality wines made of grape sorts that grow at the Pyrenees mountainous estates opened on November 28 in Andorra. Nowadays there are 4 wineries in Andorra and they supply wine not only its internal market. Among Andorran wineries – Casa Beal, Casa Auvinya, Celler Mas Berenguer and Borda Sabater. Andorran …More
Representatives of the Ministry of tourism of Andorra and the largest Andorra tour operators (Hotansa, Hotels Plaza, Daguisa, Caldea-Inúu, Grandvalira, Regina i Itravex) visited Shanghai for the purpose of development of trade and tourism with China.
The minister of tourism and trade of Andorra Francesc Camp and the director of the state organization “Tourism of Andorra” …More
Today the EU and Andorra initialed the text of a new tax transparency agreement, marking another important step forward in the fight against tax evasion, reports the European Commission.
Under the new agreement, Andorra and EU Member States will automatically exchange information on the financial accounts of each other’s residents from 2018.
Pierre Moscovici, Commissioner for Economic …More