Govern d’Andorra

Andorra will be the second country in Europe with the highest economic growth in 2022, according to the IMF

2022-11-02T11:16:22+01:0014/10/2022|

The Minister of Finance and Government Spokesperson, Eric Jover, analyzed the latest report from the International Monetary Fund (IMF), which provides annual global economic projections revising the main global indicators and, more specifically, for each country.In its report, published on Tuesday, the IMF raised Andorra´s growth projections, based on numbers that Jover valued as “extremely positive”. “We are very satisfied, as data indicates we are on the right path”, he stated. In this sense, the head of Finances pointed out that the IMF raised the nominal GDP for 2022 from 8,2% to 10,9%, while the true GDP was also raised from [...]

Student and company participation record in the seventh edition of the Tandem Project by Andorra Business

2022-10-24T10:37:15+01:0013/10/2022|

The seventh edition of the Tandem Project by Andorra Business, whose aim is to implicate the Vocational Training educational community of Andorra in innovative projects to be developed in companies and potentiate student talent, was presented on Thursday, October 13th, by the Minister for Presidency, Economy and Enterprise and president of Andorra Business, Jordi Gallardo, and the Minister for Education and Higher Studies, Ester Vilarrubla. 93 students are participating in this edition, the highest number of all previous editions, along with 18 teachers from the Aixovall center. For the first time, joining the project are 39 students and 6 teachers from [...]

Gallardo establishes contacts with representatives from the economic, innovation, digital, health, e-sports and consulting sectors in Paris in meetings organized by Andorra Business

2022-10-24T10:33:37+01:0012/10/2022|

The Minister for Presidency, Economy and Enterprise, and president of Andorra Business, Jordi Gallardo, held, on Tuesday and Wednesday, various entrepreneurial meetings in Paris with representatives from the sectors of economy, innovation, digital, health, e-sports and consulting. The program of the work sessions, organized by Andorra Business, included meetings with directors from some of the most important French entities established in Paris, such as the meeting held with the director of the French Chamber of Commerce, Antony Valentini, (in which they discussed economic aspects of bilateral interest for business people from both countries), as well as meetings with presidents and [...]

The Program for Andorran Company Digitalization enters into the subvention and soft loans phase

2022-10-17T13:40:33+01:0026/09/2022|

The Program for Company Digitalization (PDE), promoted this summer by Andorra Digital, in collaboration with Andorra Business and the Chamber of Commerce, Industry and Services of Andorra, has reached the last two phases of the process which consist in personalized digital assessment and the implementation of services and digital solutions for each of the businesses that have started their modernization process. In order to access it a company must have completed the first phase of the PDE, consisting in filling out a self-diagnosis form to know the company´s degree of digital maturity. In these final two phases, business will receive [...]

The Government authorizes a total of 738 foreign investment companies in the course of 2021

2022-09-26T09:32:02+01:0019/09/2022|

The Government has informed that over the course of 2021 a total of 738 applications from companies for foreign investment were authorized in Andorra. A number which represents an increase of 128% when compared to the 324 foreign investment companies authorized in 2020 and an increase of around 138% compared to the 310 in 2019. The task of the Department for Juridical and Economic Registries of the Ministry for Presidency, Economy and Enterprise allows for the carrying out of the analysis of the total volume of foreign investment, as well as subsequent following up. A fact which is reaffirmed in [...]

More protection for the self-employed

2022-09-19T09:48:10+01:0002/09/2022|

The Minister for Presidency, Economy and Enterprise, Jordi Gallardo, and the Secretary of State for Economy, Èric Bartolomé, presented on Thursday, September 1st 2022, the Draft for the law of measures for self-employed workers. The amendment comes in answer to the sector´s repeated demands, asking to be assimilated to salaried workers in certain rights and obligations. “We want to highlight the Government´s firm engagement with this collective”, Gallardo affirmed. The minister pointed out that the number of self-employed workers contributing to CASS has increased by 14,7% from 2017 to 2021, reaching a number of around 8000 people according to CASS [...]

Fitch Ratings agency improves Andorra´s grade and for the first time rates the country at A- with a stable perspective

2022-07-13T09:07:57+01:0011/07/2022|

Fitch Ratings Agency published Andorra´s rating on Friday night and gave it a rating of A- with a stable perspective. It is the highest rating obtained by the Principality since Fitch Ratings began its evaluations in 2015. In the previous evaluation carried out, in January 2022, the grade given was BBB+ and, now, for the first time in Andorra´s history the grade obtained is an A- given by the agency. In the report, the evaluators recognize the resilience of the country´s public finances in the face of the current global alterations and the strong economic recovery from the SARS-CoV-2 coronavirus [...]

The government approves the modification to the law of foreign investment

2022-07-15T08:47:41+01:0030/06/2022|

The Council of Ministers, by proposal of the head of Presidency, Economy and Enterprise, Jordi Gallardo, approved on Wednesday the bill to modify the foreign investment law, which dates back to 2012: “the process of opening to foreign investment, culminated by the law and the legislation reforms to instore a fiscal system in harmony with international standards, has become essential in placing the Principality as a destination of interest to foreign investors”. For this reason, and seeing the tendency of developed economies in this context to increase the role of governments in the revising and controlling of foreign investments, the [...]

Government promotion of company digitalization through consulting, subventions and endorsements

2022-07-18T08:55:01+01:0027/06/2022|

The State Secretaries for Digital Transition and Strategic Projects, César Marquina, Economic Diversification and Innovation, Marc Galabert, and International Financial Affairs, Marc Ballestà, presented on Monday the Company Digitalization Program (PDE), which was approved by the Council of Ministers, via Decree, last Wednesday. The aim of this Program is to promote the digitalization of Andorran companies through consultancies, subventions and endorsements. The decree anticipates a total of 287 thousand Euros for direct subventions and 1,7 million Euros intended as loans to execute digitalization projects. The State Secretary for Digital Transition and Strategic Projects, César Marquina, explained that the CDP aims [...]

Presentation of the amendment project to the foreign investment law and the multiplier program

2022-05-16T10:17:14+01:0013/05/2022|

The president of Andorra Business the Minister for Presidency, Economy and Enterprise for the Government of Andorra, Jordi Gallardo, along with the director of Andorra Business, Judit Hidalgo, on Friday May 13th at the Congress Centre in Andorra la Vella, presented the key points of the amendment project to the foreign investment law and the new multipliers program, with which they are proposing joint lines of action with some of the country´s key actors in order to attract further foreign investment to Andorra. Over 150 people were present at the event, getting to know firsthand the novelties the executive wants [...]

The IMF highlights a significant recovery of the Andorran economy in the face of the recession originated by the COVID-19 pandemic

2022-05-06T14:13:10+01:0008/04/2022|

The Minister of Finance and Government Spokesperson, Eric Jover, and the State Secretary of International Financial Affairs, Marc Ballestà, gave a press conference on Friday on the preliminary conclusions issued by the International Monetary Funds´ technical personnel after their visit to Andorra over the last week. This preliminary report of Article IV –which will be followed by a final report that could be published before summer– is carried out periodically to all members of the IMF and, in order to complete it, a delegation from the organism held 32 meetings with officials from the General Administration, para-public companies, as well [...]

Schedule modification for flights between the Andorra-La Seu d’Urgell airport and the one in Madrid

2022-03-07T14:54:48+01:0002/03/2022|

The Government has informed that from the 27th of March the flight schedules between the Andorra-La Seu d’Urgell airport and the airport Adolfo Suárez Madrid-Barajas will be modified. The new schedule modifies all departure times with the aim of maximizing the potential for weekend trips, whether they be to Madrid or Andorra, adapting to the times considered to be of highest potential demand by the operator during the summer season. In the same sense, schedules will be specifically adapted in the period running between the 22nd of July and the 4th of September in order to prioritize connectivity for longer [...]

Fitch Ratings and Standard & Poor’s agencies improve Andorra´s perspective from stable to positive

2022-02-08T12:16:35+01:0014/01/2022|

Rating agencies Standard & Poor’s and Fitch Ratings have revised their perspectives on the Principality of Andorra from stable to positive. Both agencies respectively published a note on Friday evening in which they both recognize the resilience of Andorra´s public finances and the strong economic recovery in face of the crisis caused by the SARS-CoV-2 coronavirus pandemic. The Ministry of Finance highlighted that these two evaluations support the work carried out by the Government in different fields: the management of COVID-19 both from a Health and Economic support policies provided for companies and citizens standpoint; and a budget and public [...]

Andorra announces the celebration of its first eSports event at the Global Esports Summit in Madrid

2022-03-07T14:37:01+01:0028/10/2021|

Andorra was the country invited to participate in the Global Esports Summit 2021 (GES21) in Madrid, celebrated on Wednesday 27th and Thursday 28th of October in Madrid. The reason being the approval of the first strategic plan by a country, which has generated great interest. On Friday, the Minister for Presidency, Economy and Enterprise, and president of Andorra Business, Jordi Gallardo, presented in front of 800 people, the Andorran plan and announced the celebration of the country´s first eSports event, to be held on the 26th of November. The official presentation will be made in the forthcoming weeks. In this [...]

The start of flights to Madrid was the focal point of meetings between Gallardo and the Economic Council for the Community of Madrid, with representatives from over 40 companies and main financial journalists

2022-03-07T14:39:47+01:0026/10/2021|

The Minister for Presidency, Economy and Enterprise, Jordi Gallardo, met this midday with the Economic, Tax and Labour Councillor for the Community of Madrid, Javier Fernández Lasketty. During the Meeting various topics of bilateral interest were touched upon such as the starting of flights between the Andorra-la Seu d’Urgell airport and Madrid, that will have regular flights on Fridays and Sundays beginning on December 17th. Gallardo highlighted that “it was a good opportunity to share the moment of economic diversification Andorra is undergoing and the challenges we have set ourselves as a Government. The air connection we are establishing brings [...]

Flights between the Andorra-La Seu d’Urgell airport and Madrid start on December 17th

2022-03-07T14:44:38+01:0020/10/2021|

The Government of Andorra adjudicated on Wednesday October 20th, the public tender for the launching of new routes from the Andorra-La Seu d’Urgell airport to Madrid, to the company Air Nostrum (Iberia)which will begin to operate on the 17th of December. The sum budgeted by the administration is for a maximum amount of 630.000 euros, which will be reduced depending on the route´s real number of passengers. According to the Minister for Presidency, Economy and Enterprise, and president of Andorra Business, Jordi Gallardo, the first return flights will be every Friday and Sunday in the afternoons, and on exceptional dates [...]

Go to Top