Standard&Poor’s, one of the leading international rating agencies, has published the report about economic forecasts of Andorra for 2014. In accordance to the information, provided by the agency, the credit rating of the Principality’s paying capacity is estimated to be A-/A-2. Negative rating is explained by the fact that post-crisis economic growth is at its …More
The Minister of Andorran Presidency Antoni Riberaygua claimed that the bill on gambling that was being developed would be of maximum attractiveness for potential operators. He also said that the Government was analyzing the tax regimes of neighbor European countries where gambling is not prohibited.
He emphasized that the government plans to develop most competitive variants …More
BancSabadell D´Andorra—one of 5 Andorran banks— finished the fiscal year of 2013 with 6 960 000 of profitability, which is by 5,07% higher than last year level. The finance statement will be presented for the bank-court approval on May 30 of the current year. The bank also shows a positive dynamics in the field of …More
Crisys together with the necessity to assure business liquidity are the major reasons for the increase of illegal cash import to the territory of Spain from Andorra, said a representative of Catalan Government.
Inma Manso, a representative of Catalan Government in Lleida city, claimed that crisys and the necessity to assure business liquidity caused a significant …More
The exchange of information on bank account income taxes (the incomes of the clients, obtained from their deposits) between EU countries in regard to the banks of Switzerland, Lichtenstein, Monaco and San-Marino may start from 2017. The corresponding decision was taken this week by EU countries. In accordance to the opinion of Algirdas Šemeta, EU …More
MoraBanc announced the opening of its new branch – investment trust in Luxemburg, that started its activity from February 11 under the name Asset Management Luxemburg SA. A representative of the bank states, it is a significant increase of bank investments beyond the borders of the Principality.
It should be mentioned that MoraBanc is present in …More
The airport Andorra – La Seu D´Urgell can partially take over the import of goods that are currently delivered to the Principality by automobile transport, reported in the General Plan of La Seu city development that was ratified by Catalan Government. The text of the plan analyses the structure of Andorran import and particularly it …More
The agreement on tax information exchange was signed on Monday in Madrid between Andorra and Swiss Confederation. The event took place at the headquarters of Swiss embassy in Spain in the presence of the embassador of Swiss Confederation in Andorra Thomas Collie and the embassador of Andorra in Spain James Gaitan.
On the motion of the …More
AndAir (Air Andorra) plans to launch regular flights Barcelona-Andorra-Barcelona in 2014. This was announced by a representative of the company. In accordance to his words, in spite of the fact that Andorran investors have pulled out of the project, the company is within the time limits and first regular flights between El Prat airport (Barcelona) …More
The Minister for finances of Andorra Jordi Cinca and the Director of Andorran tax service Albert Hinojosa told about legislative initiative related to the establishment of integrated structure that will unify all customs and tax departments of Andorra.
The governmental officials state that a new department will be responsible for effective implementation of tax and customs …More