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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 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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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 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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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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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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The Andorran Council of Ministers approved a new bond issue worth a total of 100 million euros to refinance the public debt

The Andorran Council of Ministers approved a new bond issue worth a total of 100 million euros to refinance the public debt.

Terms of issue:

Issuer: The Government of Andorra

Number of shares issued: 100,000

Instrument Category: Zero Coupon

Term of promissory notes: bonds for 12 months

Fixed interest rate: zero coupon

Income from depreciation: 0.65% per year

Issue price: 993.54 euros

The release …

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All news / Opinion

Living in a house of 160 sq m in France with all taxes and payments included costs about 5 thousand euros per year, says the Director of the company SCANDIC CHALETS, Philippe Port

Philippe Port, Director of SCANDIC CHALETS (Font-Romeu, located in the South of France near the border with Spain, in the province of Pyrénées-Orientales; real estate; CA: 1 474 600 €), told all-andorra.com about taxes on property and other payments in France, as well as the advantages of investing in wooden houses constructions:

“In France there are …

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