All Andorra news / Education

Vall Banc and the Ministry of Education of Andorra signed an agreement on financing the training program for Andorran students at the Massachusetts Institute of Technology (MIT)

photo: govern

Vall Banc and the Ministry of Education of Andorra signed an agreement on financing the training program for Andorran students at the Massachusetts Institute of Technology (MIT). The corresponding agreement was signed by the Minister of Education of Andorra Eric Jover and CEO of Vall Banc Michael Johannes Christner.

The agreement provides for the …

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All Andorra news / Business and Economy

S&P affirms Principality of Andorra rating at ‘BBB-/A-3’ Ratings; Outlook Stable

S&P Global Ratings affirmed its ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings on the Principality of Andorra. The outlook remains stable.

According to S&P, Andorra’s government continues to pursue its reform agenda, the country’s economy is gradually recovering, government finances remain under control, and the financial sector has stabilized.

As a result, S&P …

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All Andorra news / Interview

Our Tier 1 capital ratio of over 30% is already the highest in Andorra, said Christoph Lieber, CEO of Vall Banc

CEO of a new Andorran bank Vallbanc Christoph Lieber spoke to all-andorra.com about future of private banking in Andorra and bank’s strategic plans:

Before you were appointed CEO of Vall Banc and moved to Andorra, you worked in Germany and Switzerland. What do you see as the greatest difference between the banking systems in these countries and …

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All Andorra news / Business and Economy

The Prime Minister of Andorra Antoni Marti met with the founder and CEO of the largest investment fund of the US J. Christopher Flowers

photo: JC Flowers

The Prime Minister of Andorra Antoni Marti met in Andorra with the founder and CEO of J. C. Flowers – the largest investment fund of the United States J. Christopher Flowers. The meeting was also attended by the director general of J. C. Flowers Michael Christner, the minister of Foreign affairs of …

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All Andorra news / Business and Economy

Standard & Poor’s agency raised its forecast of Andorra’s rating from “negative” to “stable”

Standard & Poor’s agency raised its forecast of Andorra’s rating from “negative” to “stable” – now Andorra has a rating BBB- / A-3. This data is contained in the official agency report which states, however, that “the process of settlement of the conflict with the Banca Privada d’Andorra (BPA) by the authorities of Andorra has …

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All Andorra news / Politics

The Prime Minister of Andorra Antoni Marti participated in the conference “Global economy prospects”, which took place in a Spanish city of La Seu D’ Urgell

The Prime Minister of Andorra Antoni Marti participated in the conference “Global economy prospects”, which took place in a Spanish city of La Seu D’ Urgell near the border of Andorra with Spain. The conference, held on 17th June, was also attended by former managing director of IMF Michel Camdessus.

During his speech, Antoni Marti made …

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All Andorra news / Politics

Andorran FM Gilbert Saboya met with representatives of diplomatic corps of more than 20 countries members of the EU

photo: govern.ad

Andorran FM Gilbert Saboya met on Thursday with ambassadors and representatives of diplomatic corps of more than 20 countries members of the European Union. The meeting was held at the residence of the Ambassador of Luxembourg in Spain, Jean Graff in Madrid.

Among the discussed issues discussed – political and economic stability of Andorra, …

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All Andorra news / Politics

The Prime Minister of Andorra Antoni Marti met with the US Ambassador is Spain and Andorra James Costos

The Prime Minister of Andorra Antoni Marti met with the US Ambassador is Spain and Andorra James Costos. The parties expressed the satisfaction with the current relations between the two countries.

During the visit, the parties discussed the acquisition of the American company JC Flowers of bank’s assets of Vallbanc, whick took place after the finishing of …

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All Andorra news / Business and Economy

About 300 people have applied for cash withdrawal during the first working day of the new Andorran Vall banc

About 300 people have applied for cash withdrawal during the first working day of the new Andorran Vall banc, on 11th May. This bank was established as a result of the restructuring of Banca Privada d’Andorra on the basis of “uninfected” customer assets. The crisis associated with BPA lasted 14 months.

As the President of Vallbanc …

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All Andorra news / Business and Economy

Fitch Ratings has affirmed Banca Privada d’Andorra’s (BPA) Long-and Short-term Issuer Default Ratings (IDRs) at ‘Default’ (D)

Fitch Ratings has affirmed Banca Privada d’Andorra’s (BPA) Long-and Short-term Issuer Default Ratings (IDRs) at ‘Default’ (D). Simultaneously, the agency has withdrawn BPA’s ratings as the bank is under resolution. Accordingly, Fitch will no longer provide ratings or analytical coverage of BPA, reports the agency.

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