Page 119 - economic report 2021

April

1 April, movement across the Spanish-Andorran border is normalised for both entry and exit and the lockdown
of Catalonia that affected tourists entering Andorra is removed.
9 April, the IMF publishes the preliminary conclusions of its technical staff after the meetings held within the
framework of Article IV of the IMF Articles of Agreement. In its publication, it gives a positive assessment of
the management of the pandemic and highlights the good prospects for economic recovery in Andorra.
13 April, the Government and the Israel Innovation Institute sign a collaboration agreement to foster
development of Andorra’s innovation and start-up ecosystem.
Approval of Law 6/2021, of 15 April, on further special, urgent measures during the health emergency caused
by the SARS-CoV-2 pandemic. The law extends by one month, until 31 May 2021, the period of reduced rent
on business premises and in contracts whereby a landlord assigns the management of holiday accommodation
to a company for a fixed price.
21 April, the XXVII Ibero-American Summit of Heads of State and Government is held in Andorra. On the two
preceding days, 19 and 20 April, the XIII Ibero-American Business Meeting is held.
23 April, the Government approves by Decree 132/2021 the Base Prospectus for a public debt issue scheme
for the Principality of Andorra, on international markets, for a maximum of €1,200 million.
28 April, the Government approves the first international issue of Andorran green, social and sustainable
bonds, for the amount of €500 million, according to the Base Prospectus of 23 April 2021.
28 April, the Government and the multinational pharmaceutical company Grifols agree to work together to set
up a centre dedicated to immunology research in Andorra.
Approval of Law 7/2021, of 29 April, on recovery and resolution of banking institutions and investment
companies.
Approval of Law 8/2021, of 29 April, on electronic sports (eSports).
Approval of Law 9/2021, of 29 April, amending Law 35/2014, of 27 November, on electronic trust services.

May 117

7 May, the balance of payments for Andorra is published for the first time, an important event which enhances
detailed knowledge of economic relations between the Principality and the rest of the world.
11 May, the Government and Actua Empresa present a strategic plan to position Andorra as an international
benchmark in the sector of electronic sports (eSports). The Principality becomes the second country in Europe
and the fifth in the world to pass a law regulating this sector, and the first to approve the development of a
strategic plan on this matter.
12 May, the Government approves by Decree 148/2021 a new special aid scheme for rents and mortgage
payments of authorised establishments such as indoor playgrounds or amusement arcades and the operation
of arcade games.
Approval of Law 11/2021, of 13 May, on the creation of the public sector private foundation, Andorra Recerca
i Innovació.
19 May, the Government approves the opening of the Court of Arbitration of the Principality of Andorra
(TAPA).
19 May, the Government approves by Decree 166/2021 a new special aid scheme for rents and mortgage
payments of authorised establishments such as bars and cafeterias.
25 May, Andorra signs the Double Taxation Agreement (DTA) with the Republic of San Marino. Timeline of the most significant economic developments in 2021