All Andorra news / Society

The Survey on Living Conditions highlights that the risk of poverty in Andorra is lower than that of the EU and its neighboring countries

The Minister of the Presidency, Economics and Business, Jordi Gallardo, and the Director of Statistics, Joan Soler, presented, this Monday, the results of the first Survey on Living Conditions. A survey that has been carried out in 800 households throughout the country and confirms that the rate of poverty risk in the Principality, which stands …

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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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Opinion

A successful bank should be a good trusted advisor and supporter of their clients, said Mike Curran, director of PWC London

Mike Curran, director of the PricewaterhouseCoopers LLP (London), took part at a seminar “Brexit: an overview of the impact for investors” in Andorra, offered by Morabanc. He shared with all-andorra.com his point of view on private banking perspectives and gave advice how to manage clients successfully:

“I’ve been doing this type of events in Andorra for …

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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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All Andorra news / Business and Economy

In honor of the World Cup in Alpine Skiing, which will be held in Andorra, the government of the principality issued a special coin

In honor of the World Cup in Alpine Skiing, which will be held in Andorra, the government of the principality issued a special coin

Andorra’s Finance Minister, Jordi Cinca presented this commemorative coin this morning which the government issued in honor of the World Alpine Ski Championships, which will be held in March.

The minister noted that …

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All Andorra news / Business and Economy

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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