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 …More
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 …More
258 new business entities were established in the capital of Andorra, which is 98 more than in 2016, according to the data on 30th September. By the end of this year, the expected increase is 130 enterprises more, reported the head of the Department of Finance and Accounting of the Administration of Andorra la Vella …More
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 …More
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 …More
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 …
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 …More
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 …More
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 …
The profit of Andorra Telecom from the sale of a 1.8% stake in the Spanish operator MásMóvil amounted to 16.2 million euros. At the time of sale, the price was fixed at 64 euros per share, which is 229% higher than the price at the date of acquisition.
In July 2016, Andorra Telecom acquired a 2.7 …More