All Andorra news / Society

Cal Gastó building in El Tarter will be renovated

photo: govern

The Council of Ministers, on the proposal of the head of Culture, Youth and Sports, Olga Gelabert, has approved the granting of subsidies (aimed at implementing measures of integrated conservation, restoration, maintenance and improvement of the cultural heritage of 2018) to two restoration projects in Cal Gastó, in El Tarter, for an amount …

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All Andorra news / Business and Economy

Anna Olsina has been appointed Deputy General Business Manager in the Andbank Group

photo: Andbank

The Andbank Group, with its commitment as a benchmark private banking international family banking and financial group, reinforces its senior management by adding a manager of recognised standing to its headquarters, reports the bank. The aim of the appointment, pending AFA authorisation, is to ensure the cohesion and standardisation of the highest private …

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All Andorra news / Society

A judge in Andorra has charged 28 people, including former officials in Venezuela, with money laundering offenses

A judge in Andorra has charged 28 people, including former officials in Venezuela, with money laundering offenses over a kickbacks-for-contracts scheme that plundered $2 billion from the Venezuelan state oil company between 2007 and 2012.

Investigating magistrate Canolic Mingorance issued the indictments on Thursday, wrapping up a five-year investigation into opaque deposits in the Banca Privada …

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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 affirms Andorra at ‘BBB+’. Outlook is stable

Fitch Ratings has affirmed Andorra’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB+’. The Outlook is Stable.

A full list of rating actions is at the end of this rating action commentary.

Under EU credit rating agency (CRA) regulation, the publication of sovereign reviews is subject to restrictions and must take place according to a published schedule, …

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All Andorra news / Business and Economy

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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All Andorra news / Politics

President of the Generalitat of Catalonia, Quim Torra, spoke at the 29th meeting of the Pyrenees businessmen criticizing the Spanish government

President of the Generalitat of Catalonia, Quim Torra, spoke at the 29th meeting of the Pyrenees businessmen, which ended today in la Seu d’Urgell (Spain). The event brought together Catalan businessmen, who discussed “sustainable growth of the region’s economy.”

Quim Torra criticized the Spanish government, who have”disconnected” from the problems associated with the sovereignty of Catalonia. …

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