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 …

More
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 …

More
All Andorra news / Culture

Opera National de Paris, Royal Opera House, Teatro Antico Di Taormina and Mariinsky Theatre are Arriving in Andorra in June-July

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
All Andorra news / Business and Economy

Andorra Telecom establishes a universal Wi-Fi network on the basis of Cisco company technologies

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
All Andorra news / Business and Economy

Fitch Ratings agency has retained long-term and short-term ratings of AndBank at ‘A-‘ and ‘F2’ levels respectively

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
All Andorra news / Business and Economy

In 2014 BancSabadell D’Andorra intends to develop its network by means of Andorran clients, though assets and investment fund management will remain its priorities

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
All Andorra news / Business and Economy

The agreement on double taxation exemption was signed between the Ministers for Finances of Andorra and Luxembourg

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
All Andorra news / Society

The Government of Andorra commences the construction of the cable way from Andorra la Vella to Carroi peak followed by further junction with Vallnord ski resort

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