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Standard & Poor’s improves Andorra´s rating

2022-08-17T12:08:58+01:0018/07/2022|

The ratings agency Standard & Poor’s (S&P) published Andorra´s rating on Friday night and gave it a BBB+/A-2 with a stable perspective. This is the best rating for the Principality since 2014, in other words, before the crisis of the BPA affair. In its last evaluation, in January 2022, the rating was BBB/A-2 with a positive perspective and, now, becomes a BBB+/A-2 with a stable perspective. In their report, the assessors highlight that the improvement reflects an “economic and budgetary recovery by Andorra since mid-2021”. “The preliminary data from the first quarter of 2022 point to a strong increase in growth [...]

Procedures in Andorra are now easier

2021-08-26T12:52:54+01:0029/06/2021|

The Minister for Presidency, Economy and Enterprise, Jordi Gallardo, along with the Minister of Finance and Government spokesperson, Eric Jover, presented on Tuesday the Government´s plan to simplify the procedures of account deposits, taxation and generating statistical data. Jover pointed out that it is a change with a double objective: “maximize efficiency within the administration and, also, reduce economic and time costs for the tax payers”. Therefore, he continued, we will pass from the current system consisting in presenting three different procedures –account deposits, tax declaration and the survey on economic activity– in to one single one. In addition, Minister [...]

Betting on digitalization and innovation, the key to post-Covid commerce according to INNTEC 2021

2021-08-19T11:55:07+01:0022/06/2021|

Five presentations, two round tables and two case studies, all taking place at the Congress Center in Andorra la Vella and also live streaming on YouTube, explained the new paths opening to commerce. Key ideas: one must combine physical and virtual strategies and learn how to interpret data offered to us by the internet. The fifth Edition of INNTEC, titled “Phygital commerce: the paths to omnipresence”, had over 100 attendees, split almost equally at fifty percent between in person and online. The event started with a talk given by Albert Moles, president of ACTINN, the Andorran cluster of new technologies [...]

Andorra Business reaches an agreement with Global Esports Summit to show Andorra´s potential in eSports to Europe´s most important congress

2021-08-19T11:19:04+01:0017/06/2021|

Global Esports Summit and Andorra Business have signed an Institutional Partner agreement for the GES 21, Europe´s largest eSports congress, which will take place on the 27th and 28th of October this year, at Kinépolis in Madrid. The Minister for Presidency, Economy and Enterprise for Andorra and president of Andorra Business, Jordi Gallardo; the Secretary of State for Economic Diversification and Innovation, Marc Galabert; and the general director of Global Esports Summit, Antonio Lacasa; signed the agreement during an act that took place in the Government building at Prat del Rull. Through this formalization, both entities pledge to focus on [...]

The launching of Andorra Business, Andorra Research and Innovation, and Andorra Digital

2021-06-23T13:43:12+01:0008/06/2021|

The Minister for Presidency, Economy and Enterprise, Jordi Gallardo and the Minister of Education and Higher Studies, Ester Vilarrubla, presented on Tuesday June 8th the launching of three new brands: Andorra Business, Andorra Research and Innovation, and Andorra Digital. In this sense, Gallardo explained that “today we are presenting brands which are stronger internationally, in the same line as other countries, that are born with the aim of strengthening Andorra´s positioning in in three key pillars that are the country´s economic model and its business sector, knowledge and digitalization, and all under a resource optimization strategy, improvement of synergies and [...]

Actua Business launches the Andorra Business Market connecting business people and entrepreneurs with large investors on the 18th of June

2023-02-07T14:12:38+01:0012/05/2021|

The Andorra Business Market is an open and dynamic participative forum, organized by Actua Business, in collaboration with the Business Market network, on June 18th at the Park Hotel in Andorra la Vella, where companies, entrepreneurs and investors will interact. The aim is to connect the Andorran business ecosystem with a network of investors, Business Angels, and Venture capital both national and international. The program will host round tables, conferences, investment rounds and networking sessions. All of which, open to investment models in embryonic, developmental or consolidated stages, as well as asset acquisition and business investments. The director of Actua [...]

Andorra becomes the first country in the world to approve a Strategic Plan for Electronic Sports

2021-06-21T14:14:04+01:0010/05/2021|

The Government of Andorra and Actua Business, with the support of Auren, have developed a strategic plan to place Andorra as an International reference in the sector of electronic sports (eSports). In this way, the Principality becomes the second European country and fifth in the world in passing a law to regulate this sector, and the first in approving the development of a strategic plan. In this sense the Minister for Presidency, Economy and Enterprise, Jordi Gallardo, and President of Actua, Jordi Gallardo, in the presentation that took place on Tuesday afternoon in the Congress Center in Andorra la Vella, [...]

The IMF positively assesses the managing of the pandemic and Andorra´s perspectives for economic recovery

2021-06-28T11:27:51+01:0012/04/2021|

The International Monetary Fund published the preliminary conclusions of its technical staff extracted from meetings that took place within the framework of periodic consultations of the organism´s member states. In the publication they highlighted the managing of the health crisis carried out in the Principality and the capacity to react by passing mitigating economic measures to the effects of the pandemic. They also signal the good outlook for economic recovery, the stability of some sectors and the diversification strategy. The Finance Minister, Eric Jover and the State Secretary of International Financial Affairs, Marc Ballesta, explained that this preliminary report is [...]

Andorra successfully organizes the triathlon world championship with Norway as the main highlight

2021-03-22T09:45:43+01:0022/03/2021|

The day started chilly and windy in Naturlandia, and with the course covered with sheets of ice that forced some changes and a small delay of the start of the competition, and with 12 teams aligned at the start of the 2021 World Triathlon Winter Mixed Relay Championships in Andorra. And once again, Team Norway proved that they have arrived to the sport in great shape, claiming the gold medals both in the Elite and the Junior Relays. Current World Champion Sandra Mairhofer was the one in charge of leading the Italian team in the first leg of the Mixed [...]

Andorra will host for the first time the World Triathlon Winter Championships from March 19th to the 21st

2021-04-28T15:20:28+01:0004/03/2021|

For the first time Andorra, more specifically the Lauredian resort of Naturlandia, will be the stage for the World Triathlon Winter Championships, a world triathlon winter competition celebrated between the 19th and 21st of March. It was presented, on the 4th of March, in Sant Julià by the Minister for Presidency, Economy and Enterprise, Jordi Gallardo, the Mayor of Sant Julià de Lòria, Josep Majoral, and the regional director for IRONMAN in Southern Europe, Agustí Pérez. Over 170 athletes from 16 countries will take part in the competition, accompanied by their technical teams, who will arrive in the Principality to compete [...]

INDESCAT and the Andorra Sports Cluster will share knowledge and experience

2021-04-28T15:23:47+01:0001/03/2021|

INDESCAT, the sport´s industry cluster in Catalunya, and theAndorra Sports Cluster (AEC), signed on Monday March 1st at midday a collaboration agreement with the aim of developing competitivity in both entities and their members in the fields of innovation, internationalization, visibility and in networking, among others. The president of INDESCAT, Anna Pruna, and the president of the AEC, David Hidalgo, signed the collaboration agreement with the goal of sharing knowledge and experience, develop common projects and participate reciprocally in initiatives and activities related to the improvement of the sport´s industry´s competitivity in various axes: innovation, internationalization, digitalization, talent, entrepreneurship, visibility [...]

The fire department creates a specific drone support group that will work jointly with Actua Innovation, OBSA and the CENMA-IEA

2021-05-11T10:56:01+01:0022/02/2021|

The fire department, within the framework of the drone laboratory promoted by Actua Innovation, the Observatory for the Sustainability of Andorra (OBSA)and the Centre for Snow and Mountain Studies in Andorra (CENMA) of the Andorran Studies Institute (IEA), are expanding competences within the corps to work with this technology in emergency situations. In fact, in the near future their intention is to train 3 more pilots, thus, adding to the already existing one. Drones allow higher speed and resolution of various emergency services such as house fires, mainly on rooftops or chimneys, forest fires, rock fall, avalanches and search and [...]

Fitch Ratings re-affirms the Principality´s BBB+ rating and stable outlook despite the situation created by the pandemic

2021-05-31T13:27:44+01:0001/02/2021|

Ratings Agency Fitch Ratings has re-affirmed Andorra´s BBB+ rating and stable outlook. In the note published by the agency on Friday January 29th 2021, the evaluators gave a positive assessment to the Principality´s entry into the International Monetary Fund (IMF) last October. The agency indicates that this provides, on the one hand, a safety net for the country; and on the other, provides access to technical assistance in different points. Regarding the economic effects derived from the SARS-CoV-2 pandemic, Fitch Ratings highlighted that the rise in unemployment numbers had been modest, despite the profound economic contraction. This is due in [...]

The Trail 100 Andorra-Pyrenees of the Multisport Festival expects to gather 2.500 athletes who will enjoy spectacular courses

2021-03-19T12:06:11+01:0018/01/2021|

The Minister for Presidency, Economy and Enterprise, and president of Actua, Jordi Gallardo, the Mayor of Ordino, Josep Àngel Mortès, and the director of operations for Ironman in Southern Europe, Ferran Giménez, presented on Monday January 18th the Trail 100 Andorra-Pyrenees at Casa de la Muntanya, one of the races taking place within the Andorra Multisport Festival. The competition will take place from the 24th to the 27th of June 2021 and will be a four-day event with four races, going from least to most in distance: 7,5 km, 25 km, 55 km and 125 km. Gallardo highlighted that “without [...]

Actua Empresa creates the tourism product club for Andorra Health

2021-03-19T12:01:18+01:0012/01/2021|

The Minister for Presidency, Economy and Enterprise, and president of Actua, Jordi Gallardo, the Tourism Minister, Verònica Canals, the Director of Actua Business, Judit Hidalgo, and the president of the board forAndorra Health Destination (AHD), Joan Muro, presented on Tuesday January 12th, the AHD promoted by Actua Empresa with the support of Andorra Tourism at the Innovation Space in Andorra. Gallardo explained that Andorra Health Destination “is a public-private project so as to jointly promote Andorra as a Health tourism destination for companies in the sector ready to receive clients from abroad and able to offer an experience of the [...]

Actua Innovation impulses a Doctorate scholarship at the Centre de Regulació Genòmica of Barcelona

2021-08-26T08:51:57+01:0011/01/2021|

The scholarship starting in September 2021, offered by the Centre de Regulació Genòmica (CRG) of Barcelona is impulsed by Actua Innovation within the collaboration framework of both institutions so as to foment research in the field of sciences of life, with the aim of promoting formation for young investigators and, thus, support research groups. The student will be able to carry out his or her Doctorate studies at the CRG, an International biomedical research center made up of over 400 researchers from 44 different countries and recognized by the European Commission as a center of excellence in research having been [...]

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