News

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 [...]

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 [...]

You can now register for the Andorra Business 2022 company subventions

2022-11-29T11:15:43+01:0013/06/2022|

Andorra Business assigns 190.000 euros for the 2022 subventions for small and medium sized businesses, as presented on Monday June 13th by the Minister for Presidency, Economy and Enterprise, and president of Andorra Business, Jordi Gallardo, alongside the entity´s director, Judit Hidalgo. The maximum amount to be awarded is of 6000 Euros per beneficiary. Gallardo explained that “the program´s aim is to give support to Andorran companies in their transformation towards added value, innovative and competitive companies, well positioned to face the challenges and take advantage of the opportunities offered by international markets. This year´s subventions are mainly focused on [...]

A cervical airbag for cyclists created by EVIX wins the second edition of the Andorra Sports Startup Challenge

2022-11-16T17:03:40+01:0001/06/2022|

The jury of the Andorra Sports Startups Challenge has named a project for cervical airbags integrated into helmets, devised by Evix, as the winner of the second edition of the competition for startups promoted by Andorra Business, Andorra Research+Innovation and the Global Sports Innovation Center powered by Microsoft (GSIC). On this occasion, over 50 inscriptions from 19 different countries took part, and proposals of an extremely high level were presented with the aim of identifying the most promising technological solutions that can help in improving user experience and loyalty so as to deseasonalize Andorra´s sports and tourism offer. The jury [...]

The Andorra Multisport Festival consolidates itself in the Principality with a higher impact and international presence

2022-06-07T13:29:21+01:0030/05/2022|

Andorra is gearing up to host the second edition of the Andorra Multisport Festival, organized by The IRONMAN Group, kicking off on June 23rd and running to the 3rd of July. A resistance sport and adventure event that holds the full support of the Andorran Government and is sponsored by Andbank and SeafrontCapital. For the 2022 edition, the participation of over 3000 sports enthusiasts is expected (70% newcomers compared to last year´s edition) from 30 different countries, along with 6000 of the racers´ companions. All things considered it will generate an economic impact of over 6 million euros for Andorra. [...]

ACCIÓ and Andorra Business sign an agreement to enhance business growth in both territories

2022-06-09T12:02:14+01:0020/05/2022|

The Generalitat de Catalunya and Andorra Business, on Monday, for the first time ever signed an agreement to enhance company competitivity in both territories. The collaboration agreement was signed by the Enterprise and Labor Councilor, Roger Torrent, the Minister for Presidency, Economy and Enterprise of Andorra, and president of Andorra Business, Jordi Gallardo. The agreement contemplates various plans of action to take advantage of synergies between ACCIÓ -the agency for business competitivity of the Department of Enterprise and Labor - and Andorra Business, the economic promotion agency from the Principality. Therefore, both administrations have established a collaborative framework to foster [...]

The Growth program for business development by Andorra Business launches its third edition

2024-07-23T13:08:53+01:0005/05/2022|

Andorra Business announced on Friday the start of the third edition of the Growth program for business development. Up to 15 companies from Andorra will be able to benefit from this initiative which includes over 70 hours of specialized formation given by professionals from the business world, a tailormade growth program with 40 hours of individual mentoring in work areas such as digital and traditional marketing, commercialization and International sales, finance, strategy, organization and leadership. It also offers over 21 hours of group formation in the same specialties and 4 hours of special sessions. The director of Andorra Business, Judit Hidalgo, [...]

Andorra Business wins the Jean Baptiste Say award in the international category of business excellence

2022-05-06T14:07:42+01:0027/04/2022|

Andorra Business won the 2022 Jean Baptiste Say award in the international category of business excellence. The award ceremony took place on Thursday April 28th in Sevilla and the prize was collected by the Minister for Presidency, Economy and Enterprise, and president of Andorra Business, Jordi Gallardo, and the director of Andorra Business, Judit Hidalgo. The Jean Baptiste Say Awards recognize excellence, business innovation and leadership with the aim of placing value on companies and entities as drivers of the economy as well as business schools, investment funds, accelerators and personalities within the executive field actively work from the private [...]

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 [...]

The U.S. Consulate in Barcelona and Andorra Business announce 15 grants for women entrepreneurs in Andorra

2022-05-06T14:00:30+01:0030/03/2022|

The Consulate General of the USA in Barcelona in collaboration with Andorra Business announced the first edition of the free formation program for women entrepreneurs by the American government “Academy for Women Entrepreneurs” (AWE), which will take place between May and October in Andorra. The program will be developed in collaboration with the Andorran Women´s Association. The call is open to women entrepreneurs of any nationality, residing in Andorra, that have created a startup in the last 4 years or that have a well-developed idea and are about to launch. All the participants will be a part of the vast [...]

The conclusions regarding the Drive INML cross-border project point out that support services for companies need to be increased

2022-05-09T16:27:17+01:0028/03/2022|

The results of the European project DRIVE INML, 65% co-financed by the European Fund for Regional Development (FEDER) through the Interreg V-A Espanya-França-Andorra Program (POCTEFA 2014-2020) were published on Tuesday march 29th at the Bic Crescendo headquarters in Tarbes (France). According to the study carried out by the participating companies in the pilot project, the support services were satisfactory and of great usefulness and that work must continue to be done in this direction. The report also highlights that these new services have allowed the building of new internal procedures in each region to elaborate support services for companies. These [...]

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 [...]

The World Winter Triathlon Championships return to Sant Julià de Lòria with a higher number of participants

2022-02-08T12:11:18+01:0017/01/2022|

Naturland will host from the 3rd to the 6th of February, for the second consecutive year, the World Triathlon Winter Championships, and for the first time the World Duathlon Winter Championships. During the official presentation that took place on Monday afternoon at the Centre Cultural i de Congressos Lauredià, the Organization announced that they expect the arrival of over 250 athletes from 14 countries, for a race where the discipline´s best athletes will complete to win world titles in the elite, Under-23, junior and para-athletes categories. In this sense, the Minister for Presidency, Economy and Enterprise for the Government of [...]

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