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On July 7-8 in Toulouse will take place a seminar which will present Andorra as the international economic partner of Midi Pyrénées province

On July 7-8 in Toulouse will take place a seminar which will present Andorra as the international economic partner of Midi Pyrenees province. The state secretary on diversification of economy of Andorra Josep Maria Missé will head delegation of Andorra.

As expected, among other members of delegation of Andorra – the state secretary of tourism and …

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The airport in the spanish city of La Seu D’Urgell (9 km from the border between Andorra and Spain) will start serving commercial flights on July 18, 2015.

The airport in the spanish city of La Seu D’Urgell (9 km from the border between Andorra and Spain) will start serving commercial flights on July 18, 2015. First time air traffic will be possible between two cities — La Seu D’Urgell with Madrid and Palma-de-Majorca. Later regular flights to Barcelona, Toulouse and Ibiza will be …

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The French companies show the increasing interest in investments into Andorra, declared the president of Chamber of Commerce and Industry Marc Pantebre

The French companies show the increasing interest in investments into Andorra. It was declared by the president of Chamber of Commerce and Industry Marc Pantebre following the results of a meeting with the ambassador of France in Andorra Ginette de Matha. At the meeting the parties discussed process of the economic openness  of principality, and also …

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Crisis with Banca Privada d’Andorra didn’t affect the volume of foreign investments into principality economy in the first quarter 2015, said Josep Maria Misse

Crisis with Banca Privada d’Andorra didn’t affect the volume of foreign investments into principality economy in the first quarter 2015. Such conclusion is made in the report of the Ministry of Economy of Andorra which is headed by Josep Maria Misse. This conclusion is based on amount of inquiries from the foreign citizens planning the …

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Spanish assets in Andorran financial institutions under management are about 4 billion euros: 5 times less, than in Switzerland, says Santiago Menendes

Spanish assets in Andorran financial institutions under management are about 4 billion euros, what is about 5 times less, than in Switzerland. It was declared by the director of the State agency on tax administration (L’Agència Estatal de l’Administració Tributària) Santiago Menendes. According to him, a half of the Spanish assets in Andorra, that is …

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Andorran MoraBanc declared cancellation of the transaction on acquisition of a controlling stake of the Spanish company Tressis by mutual agreement

One of five banks of Andorra – MoraBanc — declared cancellation of the transaction on acquisition of a controlling stake of the Spanish company Tressis by mutual agreement. Tressis is the financial consultant with experience in the Spanish market about 15 years. In the official statement of bank it is said that “in present financial …

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Fitch Ratings placed Andbanc, Credit Andorra and MoraBanc, SA’s Long- and Short-term Issuer Default Ratings (IDRs) of ‘A-‘ and ‘F2’, respectively, and their Viability Ratings (VRs) of ‘a-‘ on Rating Watch Negative (RWN)

Fitch Ratings placed Andorra Banc Agricol Reig’s (Andbank), Credit Andorra’s and Mora Banc Grup, SA’s Long- and Short-term Issuer Default Ratings (IDRs) of ‘A-‘ and ‘F2’, respectively, and their Viability Ratings (VRs) of ‘a-‘ on Rating Watch Negative (RWN), reports the agency.

The RWN reflects Fitch’s view that the operating environment and franchises of Andorra’s domestic …

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