In accordance to NT incoming (the branch of one of the largest Russian tour operators Natalie Tours, operating at Catalan shore), this winter will witness the decrease of the amount of Russian tourists by 20-25%. The forecast was developed on the basis of the data obtained after the summer season at Catalonia resorts. NT Incoming …More
In October 2014 the term of placement of Andorran Government bonds for 18 months was over. The results of bond flotation showed that by the analogue with previous issues the demand has outreached the supply. Commenting on that issue, the Minister for Finances Jordi Cinca emphasized that “successful bond flotation of this year confirms our …More
European Association of Regional Airlines (ERA) welcomes AndAir (Air Andorra) among its members, reports an official statement of ERA. AndAir became the 50th member of ERA from the moment the organization was established. The newsletter also notes that all airlines – the members of the organization, bring significant contribution to the economic growth and development …More
The British magazine World Finance named MoraBanc the best Andorran bank in accordance to World Finance Banking 2014 rating. The bank says that the annual publication of this rating demonstrates the analysis of all work quality indexes of bank institutions. Last year MoraBanc was also named the best bank of Andorra.
Morabanc notes that the decision …More
Government of Andorra intends to develop business tourism that makes up only 0.1% of the total amount of the visits to the Principality. As the Minister for Tourism and Environment Francisc Camp explained, 0.1% of the total amount of tourists is about 10 000 people, taking into consideration that the Principality is annually visited by 7.6 …More
The international agency Standard & Poor’s has decreased Andorra’s rate by one step – to BBB+ level in 2014. The report of the agency says that “the focus on state reforms didn’t manage to compensate the level of international expansion risks from financial sector side”. At that, the rate of short-term payments remained at the …More
The Government of Andorra intends to issue the bonds for 70 mln euro. The maturity term is 18 months (till 15th April, 2016). The Minister for Finances Jordi Cinca claimed that “the bond yield will make 1.5%”.
The formalization of applications will be implemented via Andorran banks in the period from October 1 till October 13 …More
The GDP of Andorra made up 2,447.1 mln euro in 2013, which is by 0,1% less than the index of the previous year. This is the data, published in the official report of the Statistics Department of Andorra. The document shows that in spite of the fact that GDP demonstrated negative growth from 2008, this …More
Bitcoin: digital money. The first in the world Digital Currency Summit on the issues of regulations, finances and investments will take place in Andorra. The event is preplanned for September 17-19th 2014 at the Congress Center of Andorra la Vella.
Digital Currency Summit is a chat forum. Its main goal is to explain digital currency essence …More
The Federal Council of Switzerland confirmed the agreement on tax information exchange (TIEA) with Andorra, Greenland, San-Marino and Seychelles. In accordance to the official press-release of the Council, the document was sent to the Parliament for ratification.
By the current moment Switzerland has already signed the agreements on tax information exchange with Greenland– on 7th March, …More