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Andorra has approved the Regulation regarding the legal regime for payment services and electronic money

photo: govern

The Government has approved the Regulation regarding the legal regime for payment services and electronic money and payment institutions and electronic money institutions that will enter into force on the day after its publication in the Official Gazette (BOPA) of the Principality of Andorra.

The finance minister, Jordi Cinca, explained that the text expands …

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Budget 2019 forecast: revenues of 444,771,051.15 euros and costs of 457,908,499 euros

photo: govern

The finance minister, Jordi Cinca, announced at a press conference the great figures for the 2019 budget, which foresees revenues of 444,771,051.15 euros and costs of 457,908,499 euros. The bill of the 2019 budget approved by the Council of Ministers, entered into parliamentary proceedings this Wednesday. Cinca said that this is the budget …

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Andorra meets Austria to discuss an agreement to avoid double taxation between countries

Foreign Minister Maria Ubach met with her counterpart, Austria’s Minister for Europe, Integration and Foreign Affairs, Karin Kneissl, to discuss various issues in the bilateral field, such as the negotiations for an agreement to avoid double taxation between both countries that would allow investment to be boosted, as well as strengthening cooperation in tourism and …

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Andorra discusses with France the objective of establishing relations in the field of circular economics

photo: Govern

The Minister of the Environment, Agriculture and Sustainability, Sílvia Calvó, met this Thursday with the deputy and president of the Institute of the Circular Economy of France, François-Michel Lambert. The meeting, which was also attended by the general director of Environment and Sustainability, Marc Rossell, had the objective of establishing relations in the …

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S&P Global Ratings affirmed its ‘BBB/A-2’ long- and short-term foreign and local currency sovereign credit ratings on Andorra

On July 20, 2018, S&P Global Ratings affirmed its ‘BBB/A-2’ long- and short-term foreign and local currency sovereign credit ratings on Andorra. The  outlook is stable.

The stable outlook balances our expectation of robust economic activity and sound fiscal performance against risks related to the large size of Andorra’s financial sector.

S&P could raise the ratings if

Andorra improves its …

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Standard & Poor’s confirms the long-term rating of Andorra at the level of “BBB / A-2” and maintains a stable outlook

Standard & Poor’s confirms the long-term sovereign rating of Andorra at the level of “BBB / A-2” and maintains a stable outlook. Analysts of the agency positively rate the reform program in Andorra, good financial results and rapprochement with international standards.

The agency points out that the rating can be raised if Andorra’s negotiations with the …

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