Page 124 - Economic report 2020

July

01/07 > Application of the tax on stays in tourist accommodation.

06/07 > Approval of the annual 2022 Statistics Plan.

08/07 > Fitch Ratings agency rates Andorra as A- with a stable outlook. This is the best rating that the Principality
has had since the agency started its evaluations in 2015.

12/07 > The Chamber of Commerce, Industry and Services of Andorra, in collaboration with Andorra Recerca i Innovació,
as a technological partner, creates Impuls Jove, the new temporary job board for young students aged 16-25.

14/07 > Approval of Law 26/2022, amending Law 17/2013, of 10 October, on the introduction of the euro
within the framework of the monetary agreement signed by the Principality of Andorra and the
European Union.

15/07 > Standard & Poor’s rating agency upgrades Andorra to BBB+/A-2 with a stable outlook.

19/07 > The agreement is signed to integrate Pal-Arinsal ski resort into Grandvalira Resorts. This transaction
allows for marketing of a single national pass for the 2022-2023 winter season, under the Grandvalira
Resorts brand, combining all the Alpine ski resorts in Andorra.

21/07 > Approval of Law 29/2022, amending Law 1/2019, of 17 January, on the civil service.
> Approval of Law 31/2022, to develop and diversify the livestock and agricultural sectors.

22/07 > The European Central Bank (ECB) and the Andorran Financial Authority (AFA) formalise a repo
(repurchase agreement) facility to meet the exceptional demand for euro liquidity from the Andorran
banking institutions, in case of market need.
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September

07/09 > The Government issues Decree 365/2022, on energy-saving measures in the government,
independent bodies and semi-public or public entities, and companies that are majority-owned or
controlled by the government.

14/09 > Approval of Law 32/2022, to promote sustainability in urban development and tourism, and amending
the General Law on Land and Town Planning, of 29 December 2000, and General Law 16/2017, of 13
July, on tourist accommodation.

October
Timeline of the most significant economic developments in 2022
14/10 > Andorra signs the Double Taxation Agreement (DTA) with the Republic of Croatia.

20/10 > FEDA inaugurates the first national solar power plant in Grau Roig.

24/10 > The Government presents the new actions of the Strategic Commerce Plan, identifying three areas of
work: to improve and boost the commercial experience, to create the commerce observatory and to
project Andorra as a shopping territory.

26/10 > The Executive approves Decree 428/2022, approving the amendment of the Planning Guidelines,
in accordance with Law 32/2022, to promote sustainability in urban development and tourism. The
criteria are established and developed for consideration by the Comú governments when preparing
parish studies of maximum carrying capacity. Equally, the criteria are determined for consideration by
the ministries responsible for urban development and environment in order to issue a favourable report
on approving new partial plans and development projects, and on authorisation of new building permits
for all kinds of buildings and installations, during the transitory regime applicable until adaptation of the
parish planning and development plans.