All Andorra news / Business and Economy

“The Banker” magazine names AndBank the best private bank of Andorra

According to FT, British magazine  “The Banker” named AndBank the best private bank of Andorra. In accordance to the statement of AndBank, the choice of the magazine was determined by such factors as “80 years of experience in private banking business, huge experience in asset management, growth and international expansion together with group diversification”.

In 2013 …

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All Andorra news / Society

In spite of the decrease of the amount of Russian citizens, Andorra expects 1.8% growth of the amount of tourists during the winter season of 2014-2015

The Minister for Tourism Francisc Camp claimed that in comparison to the previous year Andorra  expects 1.8%  growth of the amount of tourists during the winter season of 2014-2015. In accordance to his words, for the last 6 months the Principality has invested more than 3.5 mln euro for the improvement of touristic and telecommunication …

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Agenda / All Andorra news

On December 12-13 Andorra will welcome the second lap of Ice Racing World Championship Trofy Andros of the season 2014-2015

On December 12-13, 2014 the motodrome of Pas de la Casa (Grandvalira ski resort) will welcome  the second lap of Ice Racing World Championship Trofy Andros of the season 2014-2015. Two Russian pilots will participate in the contest.

Andorra has been participating in this Championship for 20 years.

10 racing cars with electric motors participate in the …

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All Andorra news / Business and Economy

The experts consider that after signing the agreement on double taxation exemption between Andorra and other countries, huge perspectives will be opened for the companies that decide to work abroad

After signing the agreement on double taxation exemption (CDI) between Andorra and other countries,  huge perspectives will  be opened for Andorran companies that decide to work abroad. First of all it will touch upon the countries that work with new technologies. Such opinion was expressed in the joint statement made by the President of Tax …

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All Andorra news / Society

Grandvalira invested about 400 000 euro in the improvement of its infrastructure before the ski season of 2014-2015

The largest ski resort of Andorra Grandvalira invested about 400000 euro in the improvement of the infrastructure of three “snow parks”: Snowpark Xavi, Snowpark El Tarter and Sunset Park Peretol. Thus Grandvalira will manage to expand the volume of services and the range of entertainment objects, located on the territory of the resort during the …

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All Andorra news / Politics

The budget deficit of Andorra in 2015 can make up 30.5 mln euro, which won’t exceed 1.2% of GDP and corresponds to the demands, settled by international organizations

The expenses, presupposed by the budget draft for 2015 will not exceed 30.5 mln euro. This data is included in the official forecast of Andorran Government, as the Minister for Finances Jordi Cinca announced. This figure completely corresponds to the parameters, settled by international organizations: the budget shortfall won’t exceed 1.2% of GDP. At that, …

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All Andorra news / Business and Economy

The tax model of Andorra after the implementation of income tax will remain maximum compatible in reference to other European countries, consider the specialists of Alfa Capital Advisors & Assessors consulting company

Alfa Capital Advisors and Assessors—a company that provides consulting and audit services—conducted the research by the order of Banca Privada d’Andorra (BPA) concerning the implementation of income tax for individuals (IPRF) from 2015. This tax comes into effect on the territory of  Andorra from 1st January, 2015.

The Director and partner of Alfa Capita Vladimir Fernandez, …

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All Andorra news / Science and technologies

Andorra Telecom initiated the process of blackout of ADSL analogue network connection after 10 years of its functioning

On Saturday Andorra Telecom initiated the process of blackout of ADSL analogue network connection after 10 years of its functioning. Now all the country connects to the Internet via optic fibers. Thus, the Principality became the first country in the world that switched all copper cable ADSL networks all around the country. Previously in 2012 …

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