News

Andorra will host its first large scale eSports event in the spring

2023-03-15T20:03:35+01:0009/12/2022|

Andorra Business and Encom, the company that manages the DreamHack brand in Spain, signed, on Friday, at the DreamHack València an agreement to work together on the design of a stage that integrates the main agents from the industry and that is aligned with the country´s strategic objectives all the while executing each of the operating lines contained within the Andorran eSports law. The agreement, signed by the Minister for Presidency, Economy and Enterprise and president of Andorra Business, Jordi Gallardo, and the CEO of Encom, Arturo Castelló, converts Andorra into an official host for theEsports City League, the most [...]

The National Strategy for Innovation and Entrepreneurship advances with the full support of the entire ecosystem and the Andorra Startup platform is presented

2022-11-28T10:26:05+01:0021/11/2022|

The II Innovation Summit organized by Andorra Research and Innovation (AR+I) was held on Monday at the Andorra Park Hotel and was attended by around a hundred people. The event served to approve the inclusion of the commissions made up of experts from the country in Talent, Business and Financing, Infrastructure and Ecosystem in the National Strategy for Innovation and Entrepreneurship. The Andorra Startup platform was also presented, jointly promoted by AR+I and Andorra Business, and the awards for the 2022 Planetech Challenge were given out. The Minister for Presidency, Economy and Enterprise, Jordi Gallardo, welcomed the attendees and explained [...]

Andorra connects with sports technology and innovation ecosystems from countries on four continents

2022-11-28T10:36:58+01:0010/11/2022|

The Minister for Presidency, Economy and Enterprise for the Government of Andorra, Jordi Gallardo, participated on Thursday in the GSIC Summit which was held for the first time in Singapore with the aim of connecting sports technology ecosystems from all continents with the Asian market. Andorran participation falls within the framework of the collaboration agreement signed by GSIC powered by Microsoft, Andorra Business and Andorra Research + Innovation. During the summit´s inaugural day the effects of innovation on large sporting events were debated and analyzed and work sessions took place for startups with actors and investors from the Asian sports [...]

Andorra and Singapore begin talks on bilateral agreements in matters of foreign investment, entrepreneurship and innovation

2022-11-28T10:32:19+01:0009/11/2022|

The Minister for Presidency, Economy and Enterprise and president of Andorra Business, Jordi Gallardo, held in Singapore on Tuesday various work and bilateral meetings, mainly in matters of investment, with the Vice premier Minister and Minister for Coordinating Economic Policies, Heng Swee Keat, and with the Minister for Commerce and Industry, S. Iswaran. Gallardo explored along with both ministers – one of the Asian Continent´s leading commercial countries– the possibility of closing a reciprocity agreement in matters of foreign investment that would facilitate investments in both countries as a platform for internationalization for both economies. This is the first step [...]

The AWE program, financed by the U.S. State Department and Andorra Business, rewards three projects by women entrepreneurs from Andorra

2022-11-16T16:30:32+01:0025/10/2022|

The first Edition of the Academy for Women Entrepreneurs (AWE) in Andorra, a program for women entrepreneurs of Andorra, ended on Tuesday afternoon October 25th with the award ceremony for the best projects given out by the Minister for Presidency, Economy and Enterprise and president of Andorra Business, Jordi Gallardo, the United States Consul General, Katie Stana, and the director of Andorra Business, Judit Hidalgo. The jury awarded 1000 Euro prizes to the projects by Sara Valls of Color Botànica, Inka Bellés from Escape Andorra and Cathy Labouyrie of T2G, centered around sport, the environment and nature. This initiative is [...]

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 Andorra Sports Innovation Summit awards startups Evix, CityLegends and Fanprime, with special mention for LogMeal

2022-11-16T16:30:14+01:0003/10/2022|

The National Auditorium, in Ordino, hosted on Monday the second edition of the Innovation Summit in winter sports, mountain and cycling, the Andorra Sports Innovation Summit, organized by Andorra Business, Andorra Research + Innovation and the Global Sports Innovation Center powered by Microsoft (GSIC). Eva Choy, vice mayor of Ordino, welcomed the around 70 attendees to the event. The Minister for Presidency, Economy and Enterprise, Jordi Gallardo, contextualized Andorra´s position as a sports tourism destination and research engine in this field. The sports sector, he stated, provides 7,7% of the country´s GDP with around 215 million Euros generated and employs [...]

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 [...]

Naturland will once again host the Andorra Winter Triathlon with a predicted economic impact of 6 million Euros

2022-08-17T12:05:08+01:0011/08/2022|

The dates for the third edition of the Andorra Winter Triathlon have been confirmed: the 28th and 29th of January 2023. Following the success of the last edition, Andorra is preparing to host for the third consecutive time the Andorra Multisport Festival with four sports events of resistance and adventure, organized by The IRONMAN Group, taking place around the Principality. Once again, the festival will count on the support offered by various collaborating entities and sponsors who continue to value this event, which in its last edition gathered 3000 participants and over 10000 accompanying supporters. Generating an overall economic impact [...]

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 Andorra Multisport Festival by the Ironman Group ends with a higher number of female and international participants

2022-07-13T11:49:40+01:0004/07/2022|

Andorra enjoyed a very intense ten days during the celebration of the second edition of the Andorra Multisport Festival, bringing high level competitions to the Principality in road cycling, mountain biking, trail-running and triathlon. The festival, which has rapidly become one of the most important in its field, stood out for the general increase in the number of participants, who came away with unbeatable impressions of Andorra´s landscapes and the activities carried out. The regional director for The IRONMAN Group in Andorra, Spain, Italy and Portugal, Agustí Pérez, stated that “the IRONMAN 70.3 Andorra marks the end of the most special [...]

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 [...]

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