Acting as Prime minister of Andorra Antoni Martí after a meeting with the president of European Commission Jean-Claude Juncker in Brussels declared that the National institute of finance of Andorra (INAF) made the decision on dismissal of Board of directors of Banca Privada d’Andorra (BPA) bank (as a part of Higini Cierco, Ramon Cierco, Ricard …More
The Standard&Poor’s rating agency in connection with a situation with Banca Privada d’Andorra (BPA) bank lowered the Principality rating to BBB.
Earlier National institute of finance of Andorra (INAF) appointed two external managing directors in one of five banks of Andorra – Banca Privada d’Andorra (BPA) for carrying out internal investigation in response to official charge …More
The national institute of finance of Andorra (INAF) appointed two external managing directors in one of five banks of Andorra – Banca Privada d’Andorra (BPA) for carrying out internal investigation in response to official charge from the U.S. Treasury Department of money laundering received by BPA from russian criminal groups. As they say in the …More
Snowless December in Pyrenees gave place to January with enormous amount of snow, that became a reason for 2 meters snow banks, as English Daily Mail reports. As a comparison: snow level in the French Alps is 1.5m (Serre Chevalier resort), in Verbier (Swiss ski resort) – 1.9m
Herewith, the newspaper has discovered that prices are …More
As reported the Ministry of Tourism of Andorra, the budget of Principality gained 16 mln euro due to additional inflow of tourists during only two month last summer. The cause is Cirque du Soleil tour, which took place from July to August. Even though, the central city parking lot did not work those months, because …More
A tax information exchange agreement between the Principality of Andorra and the Kingdom of Belgium came into force on 4th of February, reports the official journal of the Principality of Andorra (Butlletí Oficial del Principat d’Andorra).
The document was signed between two countries on 23rd of October, 2009.More
In 2014 the Government of Andorra granted 603 permissions for formation of foreign companies. Total amount of investments is 109 mln euros that is four times bigger than last year (27 mln euros). 473 permissions for formation of foreign companies were given in 2013. The Secretary of State for Economic diversification of Government of …More
One of five Andorra’s banks – Andbank – announced issue of so-called CoCos bonds and placement of bond issues for its clients. The purpose of bond issue is obligations purchasing of Inversis financial group as part of further foreign banking expansion. Expected volume of bond issuance is from 30 to 50 mln euros.
«CoCos» are the …More
Minimum monthly wage in Andorra will not change in 2015 and will remain 962 euros. This information has been released by the Statistics department of the Principality. The sum might vary depending on the employee age.
Meanwhile, the number of temporary work permits for foreign companies that are registered and operate in Andorra decreased.
In particular, 91 …More
Health SPA-center Inúú, which was opened in Andorra (Escaldes) in January 2013, is part of the one of the most popular SPA-centers and thermal resorts in Europe – Caldea. Inúú struck a balance of its activity. According to the director of the SPA-center, Miguel Pedregal, Inúú profit is 400 000 euros in 2014. «It is a …More