All Andorra news / Politics

The Ambassador of Latvia in Andorra Janis Eihmanis presented credentials to the co-Prince of Andorra and the President of France François Hollande

On 23d July the Ambassador of Latvia in Andorra Janis Eihmanis presented credentials to the co-Prince of Andorra and the President of France François Hollande. The co-Prince of Andorra simultaneously welcomed 24 ambassadors, accredited in Andorra, thus resuming the official ceremony of Latvian ambassador accreditation.

Janis Eihmanis is an extraordinary and plenipotentiary ambassador in Andorra and …

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All Andorra news / Business and Economy

Financial Times confirms the position of Credit Andorra as the biggest Andorran Bank in the list of TOP 1000 world banks rating

Financial Times confirms the position of Credit Andorra Bank as the biggest Andorran Bank in the list of TOP 1000 world banks rating. This classification is based on the capitalization indexes and financial stability of banking structure; it is annually published in “The Banker” magazine.

The rating of the bank is confirmed by the 1-st level …

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All Andorra news / Society

Russians keep the leading positions in the list of the most “prodigal” tourists, notes the Trade Federation of Andorra representative

The Vice-President of the Trade Foundation of Andorra (FACA) Antonio Miralles announced the subtotal results of sales after a half of the summer season 2014 has passed. In accordance to his words the stores witness the decrease of sales between 5 and 10% in comparison to the analogue period of the previous year. Antonio Miralles …

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All Andorra news / Business and Economy

According to the Global Banking & Finance Review 2014 Credit Andorra is the best Andorran bank in the nomination “private banking”

It is for the second time that Global Banking & Finance Review agency grants the status of the best Andorran bank in “private banking” sector to Credit Andorra. This service is a top-notch level of client service in the global scale that presupposes individual approach to every client depending on the demands and risks management. …

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All Andorra news / Education

The Government of Andorra ratified the project of Canillo educational center expansion, it will occupy the surface of 8 000 km2

The Government of Andorra ratified the project of Canillo educational center expansion, it will occupy the surface of 8000 km2. The project will be completed by 2017. A new educational center can be attended by 500 pupils (for now this figure makes up 300 pupils) that study within the bounds of French and Andorran systems …

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All Andorra news / Business and Economy

Andorra is on the way of recuperation from the impacts of crisis. This is confirmed by the financial indexes of the first part of 2014”, says CEO of Banca Privada d’Andorra (BPA) Joan Paul Miguel

“No doubt, Andorra is standing on the way of recuperation from the impacts of financial crisis. This is confirmed by the financial indexes of the first part of 2014, that after a long time of constant decrease finally demonstrated positive dynamics”, commented the Chief Operating Officer of Banca Privada d’Andorra Joan Paul Miguel during the …

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All Andorra news / Business and Economy

The Prime Minister of Andorra Antoni Marti claimed that neither wealth nor inheritance taxes will be imposed in Andorra

In his speech at Andorran Parliament the Prime Minister of the country claimed that neither wealth nor inheritance tax will be imposed. In accordance to his words, the tax reform, that is currently being executed in Andorra,  will be logically concluded on January 1, 2015 when income tax (IPRF) will be imposed. “At the same …

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All Andorra news / Business and Economy

Andorran MoraBanc applied for the participation in the auction on acquiring Catalunya Banc (Spain) assets

MoraBanc applied for the participation in the auction on acquiring the assets of Catalunya Banc. The winner will be determined by the Fund of Bank Restructuring  (FROB). Fondo de Restructuracion ordenida bancaria is a structure launched by the initiative of Spanish Government in 2009.

Last week FROB selected 5 claimants out of 12.  MoraBanc, one of …

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