Opinion

One of the main parliamentary bills of this fall is a document establishing guarantees for the return of bank deposits in case of default, says the general adviser of the mixed parliamentary group SDP, Victor Naudi Zamora

Throughout the autumn, the Andorran parliament will continue to consider draft laws related to the regulation of the financial and banking activities of the principality. The purpose of the laws is to fulfill the requirements arising from the Monetary Agreement signed in 2010 between Andorra and the European Union.

These requirements should be explained to banks …

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All Andorra news / Business and Economy

Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable

Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable. Fitch has also affirmed the Short-term foreign currency IDR at ‘F2’ and Country Ceiling at ‘A-‘.

According to Fitch statement Andorra’s ‘BBB’ IDR reflects the following key rating drivers:

Andorra is a small wealthy and politically stable economy. Its ratings …

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All Andorra news / Business and Economy

The government of Andorra considers two possible scenarios concerning Banca Privada d’Andorra (BPA) – restructuring or liquidation

The government of Andorra considers two possible scenarios concerning Banca Privada d’Andorra (BPA). The first scenario – restructuring of bank, change of its name, and also carrying out active work on image restoration. The second scenario – liquidation of bank. It was declared by the acting as the Minister of Finance and public administration Jordi …

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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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