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In accordance to the Department of Statistics of Andorra, GDP in 2012 made up 2,507.09 mln. euro. This index has declined by 0,6 % in comparison to 2011 (in 2011 GDP made up 2,521.9 mln. euro)

In accordance to the Department of Statistics, GDP of Andorra made up 2,507.9 mln  euro in 2012. This index has declined by 0,6 % in comparison to 2011 (in 2011 GDP made up 2,521.9 mln euro).

The decline of GDP was mostly entailed by the decline in such spheres as “building” (-14.9 %), “manufacturing”, “services and …

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Andorra joined the Convention on fiscal cooperation within the bounds of OECD on November, 5

On November 5 Andorra became the 60th country that joined multilateral Convention on Fiscal Cooperation within the bounds of OECD (Organization for Economic Cooperation and Development) program. The major elements of the Convention are: the cooperation in taxation issues, the exchange of tax information and protection of taxpayers’ rights.

Meanwhile, in accordance to the opinion of …

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Air Andorra will obtain all the licences required for the major country’s airline no later than in April 2014, said the company’s representative

Air Andorra will obtain all the licences required for the major country’s airline no later than in April 2014, said the company’s representative. He  said currently the company purchases a fleet Embraer 120 Brasilia turbo prop planes, with the capacity of 27-30 seats. The airline intends implement over 100 «low cost» flights per week to …

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The Ambassador of Andorra in the EU submitted the mandate of the Principality to the European Commission, concerning the agreed negotiations on the amended savings income taxation agreement.

Ambassador of Andorra in the EU,  Eva Descarrega, submitted the mandate of the Government to the European Commission, which agreed the negotiations on the amendment of savings income taxation agreement between the Principality and the EU.

In accordance to the terms of EU agreement, signed in 2004, Andorra obliged to apply the measures, equivalent to the …

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The Prime Minister of Andorra conducted negotiations with EU Tax Commissioner regarding the affirmation of EU guidelines on savings taxation by Andorra

The Prime Minister of Andorra Antoni Marti conducted negotiations with EU Tax Commissioner Algirdas Shemeta. The major topic of negotiations was the issue of approving EU general guidelines on savings taxation by Andorra. After the session, the delegation headed by the Minister for Finances of Andorra Jordi Сinca, mentioned a significant progress of Andorra in …

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Fast internet: as a result of optic fiber network modernization Andorra has obtained the top position in upload and download speed rates

Fast internet

The first-rate provider Andorra Telecom modernized its optic fiber network with 52000 of subscribers on the basis of ultramodern technology Aurora Networks Trident7 PON Platform.  In accordance to Net Index that collects millions of results of Speedtest.net checks, Andorra has got the highest upload and download speed rates.

“Our priority is to provide our clients …

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