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 …More
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 …More
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 …More
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 …More
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. …More
The 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 …More
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 …More
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 …More
The 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 …More
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:
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 …