Interview

The city of Puigcerdà has been famous for its fairs since 1182, in particular, its horse fairs which are famous throughout all Spain, says the mayor of Puigcerdà, Albert Piñeira i Brosel

The mayor of Puigcerdà, Albert Piñeira i Brosel, Vice-President of the legislative Assembly of Girona (la Diputació de Girona) and the party member Partit Europeu Demòcrata Català (Catalan liberal Pro-European nationalist party that supports the secession of Catalonia from Spain), told all-andorra.com about the city’s history, plans and major developments that are not related to …

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All Andorra news / Business and Economy

Andorra has approved the decree to issue a short-term public debt for an amount of 100 million euros

According to the proposal of the Minister of Finance of Andorra, Jordi Cinca, the government has approved the decree to issue a short-term public debt for an amount of 100 million euros.

The final conditions of the issue are as follows:

The issuer: Government of Andorra.

The number of shares issued: 100,000.

Tool category: zero coupon.

The duration of the …

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All Andorra news / Society

The name of the winner of the competition for the construction of the casino in Andorra will be announced in April 2018

The name of the winner of the competition for the construction of the casino will be announced in April 2018, reported the Minister of Finance of Andorra Jordi Cinca at a press conference on 6th December. At present, according to him, 13 different applications are submitted.

The casino license can be issued in 2018.

The assessment commission …

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All Andorra news / Business and Economy

MoraBanc and Vall Banc signed an insurance agreement

MoraBanc and Vall Banc signed an insurance agreement. According to the agreement Morabanc plans to to acquire Vall Bank’s insurance portfolio in the field of life and health insurance, as well as the implementation of the corresponding lending operations.

This agreement, signed on Monday, November 27, is now to be approved by the Ministry of Finance of …

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All Andorra news / Business and Economy

The government of Andorra issues bonds worth a total of 100 million euros to refinance the public debt

The government of Andorra issues bonds worth a total of 100 million euros to refinance the public debt.

The bonds will be issued in two tranches: 50 million euros each.

The final release terms are as follows:

Issuer: The Government of the Principality of Andorra
Number of shares issued: 100,000
Instrument Category: Zero Coupon
Forms of promissory notes: 18 months
Fixed interest …

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All Andorra news / Interview

I don’t expect an outflow of capital from the banks of Andorra after the agreement on tax information exchange comes into force, says Gilbert Saboya, minister of Economy, Innovation and Competitiveness of Andorra

Minister of Economy, Innovation and Competitiveness of Andorra, Gilbert Saboya, tells all-andorra.com about the Andorran economy in 2017, plans for 2018 and targets of the new ministry.

According to rating agencies, banks play too much of an important role in Andorra’s economy and it is dangerous for its development. What do you think?

The good news is …

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All Andorra news / Business and Economy

Since now the National Institute of Finance of Andorra (INAF) has been acting as a guarantor, regulator and controller of the insurance sector of the Principality and named “INAAF”

The National Institute of Finance of Andorra (INAF) will acting as a guarantor, regulator and controller of the insurance sector of the Principality. This decision was taken by the Council of Ministers of Andorra. The corresponding proposal was introduced by the Minister of Finance of the Principality Jordi Cinca.

The corresponding amendments to the law on …

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All Andorra news / Business and Economy

The government of Andorra decided to issue bonds to repay the public debt in the amount of 100 million euros

The government of Andorra decided to issue bonds to repay the public debt in the amount of 100 million euros. This amount is almost three times higher than the nominal value of the previously submitted applications (the requested amount was 309.229.000 euros).

Terms of issue:
Issuer – the Government of the Principality of Andorra
Number of shares issued …

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