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 …More
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 …
In order to further improve e-administration, the Andorran government approved new rules that regulate the obligation to issue electronic invoices.
We are talking about both the public and private sectors of the Principality.
The main purpose of this regulatory modification is to reduce the use of “physical paper documents”.More
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 …More
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 …More
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 …More
The Principality of Andorra became part of the Single Euro Payments Area (SEPA). Thus, as of today, this zone includes 36 countries: 28 European Union member states, plus Iceland, Norway, Liechtenstein, Switzerland, Monaco, San Marino, and the Principality of Andorra and the Vatican State.
The inclusion of Andorra in SEPA is another step towards the international …More
The Andorran Council of Ministers has approved a new provision regulating the requirements for obtaining a certificate to practice law in the territory of Andorra. This document includes some changes in relation to the existing rules approved in 2016, with the aim of “ensuring the adequacy of knowledge and the high level of training necessary …More
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 …More
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:
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 …