Andorra has approved the Decree for the resolution of the short-term public debt emissions of bonds for 100 million euros. Andorra also recalled that interest rates have gone from 0.60% to 0.45%.
The sum of the nominal value corresponding to the set of submitted applications has been more than triple the nominal amount of the issue. …
MoreThe Andorran government holds an auction for the emission of long-term public debt in the form of bonds on June 3, 2019, in the amount of 100 million euros.
The first tranche of 50 million euros is intended for legal entities. The second tranche of 50 million euros is intended for all interested investors.
The amount of …
MoreMorabanc (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 …
MoreIn 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 …
MoreThe Principality of Andorra became part of the Single Euro Payments Area (SEPA). Thus, as of today, this zone includes 36 countries: 28 European Union member states, plus Iceland, Norway, Liechtenstein, Switzerland, Monaco, San Marino, and the Principality of Andorra and the Vatican State.
The inclusion of Andorra in SEPA is another step towards the international …
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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. 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 …
The government of Andorra has taken a number of measures to increase the purchasing power of citizens. The country’s politicians turned to trade union representatives and enterprises to explain the various measures relating to salaries and pensions.
First of all, the minimum wage in the principality this year increased to 1,050 euros (since 2015, the minimum …
MoreIn 2018, in the form of customs taxes, 214,924,838 euros were raised against 208,561,525 euros in 2017. The difference was 6.36 million euros. This was reported to journalists by the Minister of Finance of Andorra, Jordi Cinca. According to him, the overall increase in revenues is associated with the restoration of the economy of the …
MoreAndorra continues to bring its financial system in line with international standards. The Council of Ministers of Andorra has just approved a decree on the introduction of international financial reporting standards adopted by the European Union in 2017.
A technical committee established in 2016 is responsible for this event. It is a government advisory body on …
MoreThe real cost of living in Andorra was the subject of a study carried out by the government of the principality and presented by Xavier Espot, Minister of Justice, Social and Internal Affairs. The study argues that, given the increase in prices in 2018, the annual cost of living for a one-person family is from …
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