what Andorra?

Answer 1

The Principality of Andorra is an European mini-state, located in the eastern Pyrenees mountains and bordered by France and Spain. It's a prosperous country because of tourism and its status as a tax haven.

Traditionally it was ruled by the bishop of Urgell, Spain, and the French king together.

During World War II, Andorra remained neutral and was an important smuggling route between Vichy France and Francist Spain.

Answer 2

What is Andorra? The Principality of Andorra is a small country that could be attributed to the group of European diminutive states together with Liechtenstein, Monaco and San-Marino. Alongside with that, Andorra is the biggest out of this group. The area of Andorra makes up 468 km2.

Location of Andorra: Andorra is located in the south-west of Eurasian continent, between Spain and France, in the eastern part of the Pyrenees. The country hasn’t got access to sea; it is mostly located on the mountainous terrain at the height of 900 meters above the sea level.

The official name of the country is the Principality of Andorra. Nowadays Andorra has got a status of legal, democratic and socially independent country. On May, 14 of 1933 the referendum over the first Constitution was held. That Constitution was approved by the majority of the citizens. In accordance to this document a parliamentary principality was considered to be the basis of the state political regime. Form of government is a Parliamentary Principality.

GDP in 2015 – €2.525,5. Nominal GDP per capita (€) – 35.786. Country rating (sovereign debt) Standard & Poor’s – BBB+/A-2. Andorran Government budget (€ million) – 573,7. The population of Andorra (in accordance to the data of Statistics Department for 01.01.2015) makes up 70 570 people. Only 36% of the population are Andorrans, 44% are Spaniards, 11% are Portugueses, 7% are Frenchmen and the rest is a mixture of other nationalities. Nominal GDP (€ million) – 2.525,5 (01/01/2015). The labor force for 01.01.2015 is 37 134 people. The minimal wage is 962 euro/month. The average amount of wage is 1994 euro/month. The inflation in 2015 made up 1.6%.

Together with Lichtenstein and Monaco Andorra can be attributed to the so called European “tax heavens”. There is a light direct taxation in the Principality (income tax is only 10%, VAT – is 4.5%). Business taxation is the most liberal in Europe. From 2012 the profit tax for the companies makes up 10% with 8% of potential decrease.

Andorra is the only country of Europe which uses EURO as its official currency without formal agreement with EU. Andorra never had its own currency. Previously before the introduction of Euro Andorra used French franc and Spanish peseta. In 2013 as a result of negotiations with European Union Andorra received the right to mint its own Euro coins. First amount of coins was produced in early 2014. In 2015, the second emission of Andorran Euro took place.

Answer 3

Andorra is a European country that is situated on the Atlantic Coast nestled between Spain and France.