Andorra officially became the 42nd state to join the Council of Europe Development Bank (CEB).
The Governor of the CEB, Rolf Wenzel, said: “On behalf of everyone at the CEB I extend a warm welcome to Andorra. In the spirit of solidarity which characterises the CEB and its work, all its members are united in their …
MoreAndbank is one of five banks in Andorra, presently managing 25 billion euros (against 23 billion euros in 2015). The bank operates in 11 foreign countries, and over the past 85 years, mainly provided private banking services. The bank is gradually expanding its range of services, in Andorra, it began offering mortgage programs, as well …
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The recovery and resolution of banks and investment companies Bill of Andorra is approved. The Government has approved the Recovery and Resolution Act of banks and investment companies, which aims to enable the resolution of any financial institution without entailing a serious interruption to the system, minimizing as much as possible the …
MoreThe Finance minister of Andorra, Eric Jover, delivered the budget bill projection to the general syndicate, Roser Suñé. The document envisages revenues of 447,057,772 euros and expenses of 470,353,517 euros and an initial deficit of 23,295,745 euros.
The Budget Bill for 2020, approved by the Council of Ministers, follows the forecasts of the budgeting framework that …
MoreL. Burke Files is an international investigator, due diligence expert, and international finance and corporate world insider. For nearly three decades, he has worked as a specialist in international finance and due diligence working on projects in over 100 countries. Before founding FE&E in 1993, he was a licensed commodity FCM and CTA for Oppenheimer …
MoreMorabanc (MoraBanc) has combined its strategy and investment teams into a new department that will optimize customer service. This new, more flexible structure will be responsible for attracting investment services professionals, who will help clients manage their savings, investments or assets according to their needs.
“Thanks to a recent agreement with Goldman Sachs Asset Management, Morabanc …
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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. The outlook is stable.
S&P Global Ratings:
“OUTLOOK
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. It also reflects our expectation that the upcoming …
Andorra continues to bring its financial system in line with international standards. The Council of Ministers of Andorra has just approved a decree on the introduction of international financial reporting standards adopted by the European Union in 2017.
A technical committee established in 2016 is responsible for this event. It is a government advisory body on …
MoreAs of 1 March 2019, the Principality of Andorra and the Vatican City State / the Holy See will be part of the geographical scope of the Single Euro Payments Area (SEPA) schemes.
The inclusion of financial institutions from these two states is a natural extension of the SEPA project and demonstrates the European willingness to harmonise …
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The Finance Minister, Jordi Cinca, presented the Budget Bill for the year 2019 this Monday. As already moved forward in the press conference after Wednesday’s Council of Ministers, this budget project is the first that fully complies with the objectives established in the Law on the Sustainability of Public Finances and Budgetary …
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