Business

Economy, finance, and commercial developments in the region.

Business•5 Related•May 27, 2026 • 06:17

Andorra Housing Crisis Fuels Population Boom, Price Surge in Catalan Border Towns

Andorra's soaring rents and home prices are pushing workers into nearby Catalan areas like La Seu d'Urgell and Puigcerdà, sparking rapid population increases, foreign resident surges, and sharp rises in property sales across the border.

Business•2 Related•May 26, 2026 • 13:46

Andorra Lottery Shop Distributes €600,000 Spanish National Prize

A lottery outlet in Andorra la Vella paid out €600,000 in prizes from Spain's National Lottery after selling all 10 tenths of the top-winning combination. Owner confirms sales to neighbourhood residents who expressed gratitude.

Business•2 Related•May 25, 2026 • 22:16

Andorran Family Businesses Face Acute Succession Crisis with 70% Lacking Plans

Over half expect leadership changes soon, risking rushed decisions, family tensions, and economic instability as emotional barriers hinder preparation.

Business•2 Related•May 25, 2026 • 10:16

Andorra's Personalised Plates Generate €2.3M in Revenue Since 2014

Service approved 1,516 plates with 1,377 active by end of 2025; 2025 saw 274 new issues bringing in €411,412 from fees and renewals.

Business•4 Related•May 24, 2026 • 20:31

Sant Julià de Lòria Used Vehicle Fair Draws 200 Cars Amid Economic Pressures

Organised by the parish council, the event highlights rising demand for second-hand cars as households seek budget-friendly alternatives to new vehicles. Exhibitors note strong buyer intent despite slightly lower attendance.

Business•2 Related•May 24, 2026 • 18:03

Sant Julià de Lòria to Absorb €6M Camprabassa Debt via Share Conversion

Sant Julià de Lòria council will convert €6 million in loans to shares in Camprabassa, operator of Naturland park, to stabilise its finances amid ongoing losses and enable debt restructuring. A €2 million renaturalisation aims for self-sustainability.

Business•2 Related•May 22, 2026 • 12:16

Canillo Tops Andorra Winter Tourist Occupancy at 76.4% Despite Encamp's Lead in Establishments

Andorra's tourist accommodations saw overall occupancy rise to 67.5% this winter, driven by Canillo's strong 76.4% average thanks to prime skiing access. Encamp improved but trailed, while the capital parish declined sharply late-season.

Business•4 Related•May 22, 2026 • 07:31

Andorra Allocates €4.3M in Rental Subsidies to 1,847 Amid 35% Rise in Housing Cases

Despite surging housing demands from rent hikes and evictions, Andorra's social department provided €4.3 million in subsidies to 1,847 people in 2025, with total aid reaching €5.2 million amid eligibility tightening and new public units.

Business•4 Related•May 21, 2026 • 20:02

Encamp Approves €2.32M for Solar Panels, Efficiency Upgrades and Public Spaces

Encamp council invests €2.32 million in photovoltaic installations, climate system renewals and lobby renovations to cut energy costs by €100,000 yearly while advancing sustainability and citizen services. Projects align with Andorra's renewable energy laws.

Business•3 Related•May 21, 2026 • 17:31

Creand Crèdit Andorrà Hosts Investment Conference on Portfolio Building in Uncertain Times

Event on June 2 features bank's asset management experts sharing principles and strategies for long-term financial goals amid volatility.

Business•2 Related•May 21, 2026 • 11:16

Andorra Retail Sales Grow 4.3% in March Despite Food Declines

Andorra's Statistics Department reports year-on-year sales increases in large retail outlets and detail trade for March, fueled by non-food and fuel gains, even as food sales dropped amid price pressures. Road reopening spurred monthly surge.

Business•2 Related•May 21, 2026 • 08:46

Andorra Tops Global Tourism Dependency Ranking at 71.8% of GDP

The Principality leads worldwide with tourism comprising 71.8% of its GDP, surpassing Aruba and Macao, according to the World Tourism Organization's latest report. This highlights vulnerabilities in small economies.

Business•5 Related•May 21, 2026 • 06:46

University of Andorra Signs Deal for 390 sqm Office Space from Andorra Telecom

Andorra Telecom grants the University of Andorra office space in its Sant Julià de Lòria building for key research and administrative secretariats. The move bolsters education and youth development initiatives in the Principality.

Business•3 Related•May 21, 2026 • 06:17

Myandbank Launches €7,500 Scholarship Programme for Andorran Students

Myandbank launches €7,500 scholarship with three €2,500 awards for Andorran bachillerat graduates enrolling in university by 2026.

Business•2 Related•May 21, 2026 • 06:16

Fundació BOMOSA Hosts Joves Emprenedors 2026 Final with €3,000 Prizes for Student Projects

Eight innovative student teams from Andorran schools compete on June 4 in areas like sustainability, social impact, and tech, after months of workshops and mentoring.

Business•2 Related•May 20, 2026 • 12:16

Andorra Leads World in Tourism Dependency at 71.8% of GDP

The Principality relies on tourism for 71.8% of its GDP according to UNWTO data, surpassing other small vacation economies and highlighting vulnerability to disruptions in visitor numbers.

Business•3 Related•May 20, 2026 • 11:02

Andorra la Vella Approves 11 Housing Grants Worth €7,166 in 2026

The council's programme aids residents facing temporary housing challenges with targeted support. Grants include one deposit, two rental payments, four for arrears, and four for equipment needs.

Business•4 Related•May 20, 2026 • 07:32

Andorran Family Businesses Drive 65% of GDP, Study Shows Longevity and Prudence

A new EFA study portrays family-owned companies as Andorra's economic backbone, with exceptional longevity, low debt, and international focus, though succession planning lags behind upcoming needs.

Business•4 Related•May 20, 2026 • 06:32

Massana Council Buys Orriols Cable Car and Parking for €6.6M

The council secures public ownership of vital Arinsal infrastructure via a four-year payment plan from treasury funds, boosting assets and eliminating lease risks amid strong budget surplus.

Business•5 Related•May 19, 2026 • 19:03

Andorra's 11th Summer Job Meeting Offers 520 Positions to Over 100 Jobseekers

Event features 24 companies with increased vacancies in tourism, retail and youth roles, boosting first-job opportunities amid economic growth.

Business•3 Related•May 19, 2026 • 16:16

15 Andorran Social Projects Join Third Andbus Solidari Forum

Initiative pairs NGOs with businesses for visibility, partnerships, and funding, covering issues from disability and mental health to child poverty and inclusive sports.

Business•5 Related•May 19, 2026 • 07:16

Andorra Hits Record 23,939 Companies in 2025 with 7.22% Growth Surge

Andorra's company count soared to a decade-high of 23,939 by end-2025, fueled by 2,176 new registrations despite rising closures. Survival rates stayed robust at nearly 90% for recent cohorts.

Business•2 Related•May 19, 2026 • 07:16

MoraBanc Joins UN Global Compact to Advance Responsible Banking

MoraBanc joins UN Global Compact, committing to its 10 principles on human rights, labor, environment, and anti-corruption, while prioritizing SDGs like gender equality and climate action.

Business•4 Related•May 19, 2026 • 07:16

Andorra's Xavier Espot Praises Canary Islands' ZEC in Gran Canaria Talks

Andorra's head of government Xavier Espot visited Gran Canaria to strengthen ties with Canary Islands president Fernando Clavijo. Leaders focused on high-value sectors and shared strategies to overcome tourism dependency and boost competitiveness.

Business•2 Related•May 19, 2026 • 07:16

Andorra Sees 9.9% Surge in Internet Data, 13.7% Drop in Voice Calls in April

Broadband lines up 3.1% to 44,377 and mobile subscribers rise 2.7% to 131,103, highlighting shift from traditional telephony to internet reliance.