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The official presentation of the airport construction project in the territory of Andorra will be held on June 19, 2019 in Andorra La Vella’s Congress Center

On the eve of this event, the Vice President of the Chamber of Commerce and Industry, Ramon Ginesta (Ramon Ginesta Julian) met with a group of big investors from Russia, headed by a member of the board of directors of a company managing three airports in southern Russia with passenger traffic of around 11 million …

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Fitch Ratings has affirmed Mora Banc long-term issuer default rating (IDR) at ‘BBB-‘

Morabanc: Fitch Ratings has affirmed Mora Banc Grup, SA’s (MoraBanc) Long-Term Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook and Viability Rating (VR) at ‘bbb-‘.

KEY RATING DRIVERS
IDRs and VR
Morabanc’s ratings reflect the bank’s well-established domestic franchise, which combined with growing and better performing international private banking business contribute to its earnings resilience, despite …

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Morabanc creates a new strategy and investment department

Morabanc (MoraBanc) has combined its strategy and investment teams into a new department that will optimize customer service. This new, more flexible structure will be responsible for attracting investment services professionals, who will help clients manage their savings, investments or assets according to their needs.

“Thanks to a recent agreement with Goldman Sachs Asset Management, Morabanc …

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Andorra participates in the Knowledge, Innovation and Sustainability Discussion Forum to coordinate the upcoming Ibero-American Summit in 2020

The acting minister of Economics, Competitiveness and Innovation of Andorra, Gilbert Saboya, took part in the presentation of the Knowledge, Innovation and Sustainability Discussion Forum. All these topics will be discussed at the upcoming 27th Latin American Summit. The event, organized by the Embassy of Andorra in Madrid, was held on March 18 at the …

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In honor of the World Cup in Alpine Skiing, which will be held in Andorra, the government of the principality issued a special coin

In honor of the World Cup in Alpine Skiing, which will be held in Andorra, the government of the principality issued a special coin

Andorra’s Finance Minister, Jordi Cinca presented this commemorative coin this morning which the government issued in honor of the World Alpine Ski Championships, which will be held in March.

The minister noted that …

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36% of the administrative procedures in Andorra were done online in 2018

The Administration has managed 160,977 transactions in 2018, of which 57,832 (36%) were made through its web portal, www.e-tramits.ad.

The Secretary of State for Public Function and Administrative Reform, Antoni Rodríguez, has valued this data as very positive because it demonstrates the modernization of procedures with the creation of electronic identity and administrative simplifications.

The implementation of …

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S&P Global Ratings affirmed its ‘BBB/A-2’ long- and short-term foreign and local currency sovereign credit ratings on Andorra

 

S&P Global Ratings affirmed its ‘BBB/A-2′ long- and short-term foreign and local currency sovereign credit ratings on Andorra. The outlook is stable.

S&P Global Ratings:

“OUTLOOK
The stable outlook balances our expectation of robust economic activity and sound fiscal performance against risks related to the large size of Andorra’s financial sector. It also reflects our expectation that the upcoming …

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