The cost of petrol in Europe. “Post office ” (one of the largest UK data portal) published its annual report on the dynamic of petrol prices in Europe. 22 countries participated in the research. In accordance to the report data, the prices for diesel in UK remain high in comparison to other European countries : …More
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 …More
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 …More
The President of France and co-Prince of Andorra François Hollande finished his two-day visit to the Principality. One of the major goals of his visit was to get acquainted with political and economic systems of the country that, in accordance to his words, “made great efforts in order to correspond to the requirements of European …More
Opera National de Paris (La Traviata, Guiseppe Verdi is in the program of the evening) will visit Andorra on June 17. Traviata opera will be executed by Francesco Demuro (tenor) and Diana Damrau (soprano). The director is Benot Jacque. “Traviata” (from Italian “fallen”, “vagabond”) is the opera after the novel of A. Dumas “The Lady …More
Andorra Telecom has selected Cisco technologies for the enrollment of Wi-Fi network. The network offers two levels of services for the guests and citizens of Andorra: free basic internet connection (for getting local news and complete touristic information) and top-notch services with a full internet access (with the usage of all applications, including IM and …More
Fitch Ratings has retained long-term and short-term ratings of Andbank at ‘A-‘ and ‘F2′ levels respectively.
The statement points out the «stable» outlook, and notes that the preservation of ratings is determined by the «international profile and soundness of the bank and the growth of assets under management».
Fitch points out that the significant negative impact on …More
BancSabadell D’Andorra(one of 5 banks, operating on the territory of Andorra) held annual stockholders meeting, where the financial results of 2013 were summed up and the goals for 2014 were set. In 2014 the management of the bank forecasts “the beginning of slow recuperation after the financial crisis”, as far as “the economic situation has …More
Yesterday the Minister for Finances of Andorra Jordi Cinca and his colleague from Luxembourg Pierre Gramegna signed the agreement on double taxation exemption. This is the second agreement on double taxation after the one signed with France. Jordi Cinca emphasized the importance of such agreements for Andorra from the point of view of problems related …More
On Friday, the Prime Minister of Andorra Tony Marty signed the agreement with the heads of Andorra la Vella and La Massana parroquies Rosa Ferrer and David Barrot on the launch of cable way construction project, that will connect on the first stage, the capital of Andorra with Carroi peak (first construction phase) and later …More