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
One of the five Andorran banks – MoraBanc – reached an agreement with shareholders of Tresis (financial consulting company that works at Spanish market) on acquisition of the company. It is a first trade of MoraBanc in Spanish financial sector. Earlier MoraBanc effected a deal on Spanish real estate market by buying into acquisition private …More
The airport La Seu d’Urgell (Spain, 10km from the border with Andorra) was put in service. It was first used by the aircraft of the Prime Minister of Spain Mariano Rajoy on his way back after the visit to Andorra.
The Mayor of La Seu d’Urgell and the Minister for Economics of Andorra Jordi Alcobe have …More
France taxes VS Andorra taxes. Comparative analysis of tax systems (updated 01/01/2020)
For the first time in the history of the state the income tax was implemented in 2015. All citizens and tax residents of Andorra (living more than 180 days on the territory of the country) that have more than 24 …
In accordance to the official statement of MoraBanc, David Azcona was appointed the Head of Assets Management Department.
David Azcona graduated from The University of Navarra (Universidad publica de Navarra)—one of the most prestigious universities of Spain and obtained academic credentials, he also graduated from master courses in banking and finances. He started his career as …More
Day Star Wealth Management (Suisse) SA—a Swiss financial group, that 100% belongs to Andorran shareholders, announced the issue of bonds for the sum of 70 mln Swiss francs. The bonds will be placed on the market by means of public subscriptions for 10-year term (bond expiry date—the end of 2024). Annual bond yield is 5,125%.
The Government of Andorra notes the improvement of economic indexes of the Principality in 2014. The forecast for 2015 demonstrates further stabilization of economic domains. In particular, in accordance to the official data of the Government, this year a positive dynamics in the sphere of construction business, that previously demonstrated a headlong fall, was fixed …More
After long-term debates the Parliament of Andorra is ready to pass a bill on gambling. This document will allow opening casinos and gambling venues in 2015, in accordance to the forecasts of the Government. Besides casino in the capital of Andorra, mini “bingo-casinos” will be opened in such touristic areas as Pas de la Casa …More
In accordance to “The Banker” magazine Andbank was named as the best banking institution of Andorra in 2014, reports FT. It is remarkable that last month “The Banker” magazine called Andbank the best bank of Andorra in the sphere of private banking.
The choice was determined by many years of successful work of the bank on …More
The 2nd conference of winemakers—producers of high-quality wines made of grape sorts that grow at the Pyrenees mountainous estates took place in Andorra. Nowadays there are about 60 wineries in Andorra (for 30 years the growth of the amount of wineries has been related to the cultivation of new grape sorts). Andorra supplies with wine …More