All Andorra news / Business and Economy

The recovery and resolution of banks and investment companies bill of Andorra is approved

photo: govern

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 …

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All Andorra news / Business and Economy

The budget deficit of Andorra is expected to be 23,295,745 euros in 2020

The 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 …

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Interview

Cash will be the best asset for the next 12 to 24 months, says L. Burke Files, an expert in international finance, due diligence and anti-corruption

L. 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 …

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All Andorra news / Business and Economy

Morabanc creates a new strategy and investment department

Morabanc (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

 

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 …

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All Andorra news / Business and Economy

As of 1 March 2019, the Principality of Andorra will be part of the geographical scope of the Single Euro Payments Area (SEPA) schemes

As 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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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 …

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